Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
大唐國際發電股份有限公司
(a sino-foreign joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00991)
OVERSEAS REGULATORY ANNOUNCEMENT AND
INSIDE INFORMATION ANNOUNCEMENT
FIRST QUARTERLY REPORT OF 2021
In accordance with the requirements of the China Securities Regulatory Commission, Datang International Power Generation Co., Ltd. (the "Company") is required to publish quarterly reports for the first and third quarters of the year. The financial information contained in this quarterly report is unaudited, and was prepared in accordance with the China Accounting Standards for Business Enterprises. This announcement is made by the Company pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of Laws of Hong Kong) and Rules 13.09(2)(a) and 13.10B of the Listing Rules.
- IMPORTANT NOTICE
- The board of directors, the supervisory committee, the directors, the supervisors and senior management members of the Company warrant the truthfulness, accuracy and completeness of the content hereof and that there are no false representations, misleading statements contained in or material omissions from this quarterly report, and severally and jointly accept the legal responsibility.
- All the directors of the Company attended the board meeting to review the quarterly report.
- Chen Feihu, the person-in-change of the Company, and Jiang Jinming, the person-in- change of accounting matters, and Zhao Wei, the person-in-change of the accounting institution (head of the accounting department), hereby warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.
- The first quarterly report of the Company is unaudited.
- 1 -
- BASIC INFORMATION OF THE COMPANY 2.1 Major financial data
Unit: '000 Currency: RMB | |||
Increase/ | |||
decrease at | |||
the end of the | |||
reporting period | |||
As at the end | As at the end | as compared to | |
of the reporting | of the previous | the end of the | |
period | year | previous year | |
(%) | |||
Total assets | 278,877,162 | 280,333,508 | -0.52 |
Net assets attributable to equity holders of | |||
the Company | 73,815,729 | 73,024,030 | 1.08 |
From the | |||
beginning of | Increase/ | ||
From the | the previous | decrease as | |
beginning of the | year to the end | compared to the | |
year to the end | of the previous | corresponding | |
of the reporting | corresponding | period of the | |
period | reporting period | previous year | |
(%) | |||
Net cash flows generated from operating | |||
activities | 5,121,003 | 6,809,303 | -24.79 |
- 2 -
From the | |||
beginning of | Increase/ | ||
From the | the previous | decrease as | |
beginning of the | year to the end | compared to the | |
year to the end | of the previous | corresponding | |
of the reporting | corresponding | period of the | |
period | reporting period | previous year | |
(%) | |||
Operating revenue | 25,094,878 | 22,136,935 | 13.36 |
Net profit attributable to equity holders of | |||
the Company | 808,543 | 705,969 | 14.53 |
Net profit attributable to equity holders | |||
of the Company after deducting non- | |||
recurring profit/loss | 767,168 | 609,569 | 25.85 |
Increased by | |||
Weighted average return | 0.03 percentage | ||
on net assets (%) | 1.07 | 1.04 | point |
Basic earnings per share (RMB/share) | 0.0242 | 0.0236 | 2.54 |
Diluted earnings per share (RMB/share) | 0.0242 | 0.0236 | 2.54 |
Note: The impact of other equity instruments was deducted in calculating the weighted average return on net assets, basic earnings per share and diluted earnings per share in the above table. During the reporting period, the principal of other equity instruments was RMB30,922,292,000 and the interest was RMB755,225,000.
- 3 -
Non-recurring profit/loss items and amounts
3 Applicable □Not applicable
Unit: '000 Currency: RMB | ||
Amount for | ||
Items | the period | Notes |
Profit/loss from disposal of | 5,243 | Profit from disposal of |
non-current assets | non-current assets less loss | |
from disposal of non-current | ||
assets | ||
Government's grants included in | 31,802 | Government's grants included in |
the profit/loss for the current | the profit/loss for the current | |
period (except for those closely | period (net of government's | |
related to the Company's | grants related to the | |
normal business operation and | Company's normal business | |
granted in fixed amount or | operation) | |
quantity specified by certain | ||
standards on an on-going basis | ||
and in compliance with the | ||
State's policies and regulations) | ||
Profit/loss from entrusted loans | 3,563 | |
to external entities | ||
Other non-operating income | 13,932 | |
and expenses excluding the | ||
abovementioned items | ||
Impact of minority interests | -6,150 | |
(after tax) | ||
Impact of income tax | -7,015 | |
Total | 41,375 | |
- 4 -
2.2 Total number of shareholders and shareholdings of the top ten shareholders and holders of circulating shares (or holders of shares not subject to selling restrictions) as of the end of the reporting period
Unit: share | ||||||
Total number of shareholders | 209,230 | |||||
Shareholdings of the top ten shareholders | ||||||
Number of | ||||||
shares held | Number of | |||||
at the end of | shares held | Pledged or frozen | ||||
the reporting | Shareholding | with selling | Share | |||
Name of shareholder (Full name) | period | percentage | restrictions | status | Number | Nature of shareholder |
(%) | ||||||
China Datang Corporation Ltd. | 6,540,706,520 | 35.34 | / | Unknown | 49,000,000 | State-owned legal person |
HKSCC NOMINEES LIMITED | 6,085,544,247 | 32.88 | / | Pledged | 3,275,623,820 | Foreign legal person |
Tianjin Jinneng Investment | 1,295,092,600 | 7.00 | / | Nil | / | State-owned legal person |
Co., Ltd. | ||||||
Hebei Construction & Investment | 1,281,872,927 | 6.93 | / | Nil | / | State-owned legal person |
Group Co., Ltd. | ||||||
Beijing Energy Investment Holding | 1,231,730,854 | 6.66 | / | Nil | / | State-owned legal person |
Co., Ltd. | ||||||
China Securities Finance | 257,502,806 | 1.39 | / | Nil | / | State-owned legal person |
Corporation Limited | ||||||
Central Huijin Asset Management | 76,904,200 | 0.42 | / | Nil | / | State-owned legal person |
Ltd. | ||||||
Hong Kong Securities Clearing | 46,434,247 | 0.25 | / | Nil | / | Foreign legal person |
Company Limited | ||||||
Hu Xudong | 23,588,800 | 0.13 | / | Nil | / | Domestic natural person |
Dongfang Electric Corporation | 17,173,679 | 0.09 | / | Nil | / | State-owned legal person |
(中國東方電氣集團有限公司) |
- 5 -
Shareholdings of the top ten holders of shares free from selling restriction
Number of | Class and number of shares | ||
circulating | |||
shares held not | |||
subject to selling | |||
Name of shareholder | restrictions | Class | Number |
China Datang Corporation Ltd.
HKSCC NOMINEES LIMITED
Tianjin Jinneng Investment Co., Ltd.
Hebei Construction & Investment Group Co.,
Ltd.
Beijing Energy Investment Holding Co., Ltd.
China Securities Finance Corporation Limited
Central Huijin Asset Management Ltd.
Hong Kong Securities Clearing Company
Limited
Hu Xudong
Dongfang Electric Corporation
Notes on the related relationship or acting in concert among the above shareholders
Notes on holders of preference shares with resumed voting right and the number of shares held
6,540,706,520 | RMB-denominated | 6,540,706,520 |
ordinary shares | ||
6,085,544,247 | Overseas-listed | 6,085,544,247 |
foreign shares | ||
1,295,092,600 | RMB-denominated | 1,295,092,600 |
ordinary shares | ||
1,281,872,927 | RMB-denominated | 1,281,872,927 |
ordinary shares | ||
1,231,730,854 | RMB-denominated | 1,231,730,854 |
ordinary shares | ||
257,502,806 | RMB-denominated | 257,502,806 |
ordinary shares | ||
76,904,200 | RMB-denominated | 76,904,200 |
ordinary shares | ||
46,434,247 | RMB-denominated | 46,434,247 |
ordinary shares | ||
23,588,800 | RMB-denominated | 23,588,800 |
ordinary shares | ||
17,173,679 | RMB-denominated | 17,173,679 |
ordinary shares |
China Datang Overseas (Hong Kong) Co., Limited, a wholly- owned subsidiary of China Datang Corporation Ltd. ("CDC"), held 3,275,623,820 H shares of the Company, representing approximately 17.70% of the Company's total share capital, which were included in the shareholding of the Company held by HKSCC NOMINEES LIMITED. China Datang Overseas (Hong Kong) Co., Limited has pledged all the H shares held by it in the Company. China Datang Group Finance Company Limited, a holding subsidiary of CDC, held 8,738,600 A shares of the Company. As at 31 March 2021, CDC and its subsidiaries held a total of 9,825,068,940 issued shares of the Company, representing approximately 53.09% of the Company's total issued shares.
/
2.3 Total number of holders of preference shares and shareholdings of the top ten holders of preference shares and the top ten holders of preference shares (not subject to selling restrictions) as at the end of the reporting period
□ Applicable 3 Not applicable
- 6 -
III. SIGNIFICANT MATTERS
3.1 The details of and the reasons for the material changes in the major financial statement items and financial indicators of the Company
- Applicable □ Not applicable
Items of the Balance Sheet
- Notes receivables of the Company and its subsidiaries as at the end of the reporting period increased by approximately 59.57% over the beginning of the reporting period, which was mainly due to the impact of increase in settlement by way of notes by the Company and its subsidiaries.
- Contract liabilities of the Company and its subsidiaries as at the end of the reporting period decreased by approximately 74.92% over the beginning of the reporting period, which was mainly due to the decrease in the heat charges received in advance of the subsidiaries of the Company as a result of end of heating season.
Items of the income statement and cash flow statement
- The sales expenses of the Company and its subsidiaries in the current period increased by approximately 39.40% over the corresponding period of the previous year, which was mainly due to the impact of the payment of freight by Inner Mongolia Baoli Coal Company Limited and the payment of sales service fees by Zhejiang Datang Power Marketing Company Limited, both the Company's subsidiaries.
- The R&D expenses of the Company and its subsidiaries in the current period increased by approximately 494.20% over the corresponding period of the previous year, which was mainly due to the impact of the increase in R&D expenditures by the Company's subsidiaries.
- Other income of the Company and its subsidiaries in the current period increased by approximately 82.86% over the corresponding period of the previous year, which was mainly due to the impact of the increase in government's grants received by the Company and its subsidiaries.
- Investment income of the Company and its subsidiaries in the current period increased by approximately 756.19% over the corresponding period of the previous year, which was mainly due to the impact of the improvement in profitability for the current period of the associates (joint ventures) invested by the Company in the current period.
- 7 -
- The credit impairment losses of the Company and its subsidiaries in the current period decreased by approximately 1,158.33% over the corresponding period of the previous year, which was mainly due to the impact of recovering bad debts by Inner Mongolia Datang International Hohhot Aluminum and Power Company Limited and Datang Hebei Power Generation Co., Ltd., both the Company's subsidiaries.
- Gains from disposal of assets of the Company and its subsidiaries in the current period increased by approximately 192.74% over the corresponding period of the previous year, which was mainly due to the impact of the gains from the disposal of fixed assets by Tianjin Datang International Panshan Power Generation Company Limited, a subsidiary of the Company.
- Non-operatingincome of the Company and its subsidiaries in the current period decreased by approximately 83.24% over the corresponding period of the previous year, which was mainly due to the impact of the gains from the assets retirement of the Company in the previous period.
- Non-operatingexpenses of the Company and its subsidiaries in the current period decreased by approximately 96.84% over the corresponding period of the previous year, which was mainly due to the impact of the donations made by the Company and its subsidiaries in the previous period.
3.2 The progress of major events and analysis on their effects and solutions
- Applicable □ Not applicable
In the Special Explanation for the Capital Occupation by Controlling Shareholders and Other Related Parties of the Company in 2020, there was a non-operating fund transaction with an amount of RMB52.8 million, which was caused by the purchase of capacity indicators of small generating units by a subsidiary of the Company from a subsidiary of the controlling shareholder in the previous years.
In 2011, in accordance with the prevailing requirements of energy conservation and emission reduction, and in order to promote the approval of the second phase of the Company's Wushashan Power Plant, upon consideration and approval at the 21st meeting of the seventh session of the board of directors of the Company, it was agreed to acquire the shutdown capacity indicators of small thermal power units owned by Datang Shandong Power Generation Co., Ltd. ("Datang Group Shandong Company"), a subsidiary of China Datang Corporation Ltd. (the controlling shareholder), and enter into a capacity transfer agreement with initial payment of RMB52.8 million. Subsequently, affected by the policy adjustment, the shutdown capacity indicators could not be used anymore. As agreed under the capacity transfer agreement, the Company requested the termination of this agreement.
- 8 -
After communication between the Company and Datang Group Shandong Company, Datang Group Shandong Company stated that the relevant funds have been used to purchase capacity indicators of small generating units and agreed to terminate the contract after the funds are recovered.
In order to implement the spirit of the "Opinions of the State Council on Further Improving the Quality of Listed Companies", the Company actively communicated with the controlling shareholder on this matter. On 25 April 2021, Datang Group Shandong Company has returned all the amounts.
Besides, the Company has also conducted a comprehensive self-examination on the occupation of non-operating funds and other related fund transactions. Up to now, there are no issues such as capital occupation and illegal guarantees that should be disclosed but not disclosed. In the next step, the Company will further regulate related transactions and fund transactions with controlling shareholder and its subsidiaries, and effectively safeguard the legitimate interests of the Company and minority shareholders.
- Overdue performance of undertakings during the reporting period
- Applicable 3 Not applicable
- The warning and explanation on the forecast of the possible loss or significant changes (as compared to the corresponding period of last year) in accumulated net profits from the beginning of the year to the end of the next reporting period
- Applicable 3 Not applicable
By order of the Board
Jiang Jinming
Company Secretary
Beijing, the PRC, 28 April 2021
As at the date of this announcement, the directors of the Company are:
Chen Feihu, Qu Bo, Liang Yongpan, Ying Xuejun, Zhu Shaowen, Cao Xin, Zhao Xianguo, Jin Shengxiang, Sun Yongxing, Liu Jizhen*, Luo Zhongwei*, Liu Huangsong*, Jiang Fuxiu*, Niu Dongxiao*
- Independent non-executive directors
- 9 -
IV. APPENDIX
4.1 Financial statement
Consolidated Balance Sheet 31 March 2021
Prepared by: Datang International Power Generation Co., Ltd.
Unit: '000 | Currency: RMB Audit Type: unaudited | |||
31 March | 31 December | |||
Item | 2021 | 2020 | ||
Current assets: | ||||
Cash balance | 8,945,867 | 8,274,612 | ||
Settlement provisions | ||||
Loans to banks and other financial institutions | ||||
Trading financial assets | ||||
Derivative financial assets | ||||
Notes receivables | 547,674 | 343,228 | ||
Accounts receivables | 16,075,062 | 15,147,362 | ||
Receivables financing | 1,091,771 | 1,241,807 | ||
Prepayments | 1,040,024 | 1,475,072 | ||
Premium receivables | ||||
Reinsurance receivables | ||||
Reinsurance contract reserves receivable | ||||
Other receivables | 1,398,912 | 1,421,061 | ||
Including: Interests receivable | 68,761 | 67,651 | ||
Dividends receivable | 241,310 | 235,005 | ||
Financial assets purchased with agreement to | ||||
resale | ||||
Inventories | 3,324,128 | 3,145,945 | ||
Contract assets | ||||
Held-for-sale assets | ||||
Non-current assets due within one year | ||||
Other current assets | 2,554,388 | 2,663,250 | ||
Total current assets | 34,977,826 | 33,712,337 |
- 10 -
31 March | 31 December | ||
Item | 2021 | 2020 | |
Non-current assets: | |||
Loans and advances to customers | |||
Debt investments | |||
Other debt investments | |||
Long-term receivables | 115,185 | 110,185 | |
Long-term equity investments | 18,115,412 | 17,844,237 | |
Investments in other equity instruments | 880,371 | 899,309 | |
Other non-current financial assets | 3,839,505 | 3,839,505 | |
Investment properties | 468,852 | 473,183 | |
Fixed assets | 189,232,110 | 186,682,076 | |
Construction-in-progress | 17,547,338 | 23,361,158 | |
Productive biological assets | |||
Oil and gas assets | |||
Right-of-use assets | 1,142,060 | 1,169,585 | |
Intangible assets | 4,087,671 | 4,090,222 | |
Development expenses | 90,359 | 90,359 | |
Goodwill | 762,979 | 762,979 | |
Long-term deferred expenses | 540,564 | 556,123 | |
Deferred income tax assets | 3,896,947 | 3,888,508 | |
Other non-current assets | 3,179,983 | 2,853,742 | |
Total non-current assets | 243,899,336 | 246,621,171 | |
Total assets | 278,877,162 | 280,333,508 | |
- 11 -
31 March | 31 December | ||
Item | 2021 | 2020 | |
Current liabilities: | |||
Short-term borrowings | 29,145,533 | 29,040,022 | |
Borrowings from the central bank | |||
Loans from other banks | |||
Trading financial liabilities | |||
Derivative financial liabilities | |||
Notes payable | 1,340,531 | 1,407,831 | |
Accounts payable | 17,370,283 | 17,422,783 | |
Receipts in advance | 92 | ||
Contract liabilities | 386,049 | 1,539,392 | |
Funds from selling out and repurchasing financial | |||
assets | |||
Receipts of deposits and deposits from other banks | |||
Customer deposits for trading in securities | |||
Amounts due to issuer for securities underwriting | |||
Salaries payable | 244,312 | 197,556 | |
Taxes payable | 1,236,120 | 1,416,964 | |
Other payables | 3,879,099 | 4,154,657 | |
Including: Interests payable | |||
Dividends payable | 597,667 | 805,672 | |
Fee and commission payable | |||
Reinsurance accounts payables | |||
Held-for-sale liabilities | |||
Non-current liabilities due within one year | 18,309,438 | 21,109,701 | |
Other current liabilities | 2,123,900 | 2,731,231 | |
Total current liabilities | 74,035,265 | 79,020,229 | |
- 12 -
31 March | 31 December | ||
Item | 2021 | 2020 | |
Non-current liabilities: | |||
Reserves for insurance contracts | |||
Long-term borrowings | 94,201,180 | 92,151,095 | |
Debentures payables | 5,983,564 | 5,982,740 | |
Including: Preference shares | |||
Perpetual liabilities | |||
Lease liabilities | 1,852,371 | 1,714,402 | |
Long-term payables | 7,642,177 | 7,269,754 | |
Long-term salaries payable | 12,874 | 13,567 | |
Accrued liabilities | 23,409 | 23,409 | |
Deferred income | 2,127,237 | 2,168,887 | |
Deferred income tax liabilities | 594,461 | 596,869 | |
Other non-current liabilities | |||
Total non-current liabilities | 112,437,273 | 109,920,723 | |
Total liabilities | 186,472,538 | 188,940,952 | |
- 13 -
31 March | 31 December | |||
Item | 2021 | 2020 | ||
Owners' equity (or shareholders' equity): | ||||
Paid-up capital (or share capital) | 18,506,711 | 18,506,711 | ||
Other equity instruments | 31,677,517 | 31,316,377 | ||
Including: Preference shares | ||||
Perpetual liabilities | 31,677,517 | 31,316,377 | ||
Capital surplus | 6,270,088 | 6,270,088 | ||
Less: Inventory shares | ||||
Other comprehensive income | -557,617 | -535,048 | ||
Specific reserve | 360,221 | 354,496 | ||
Surplus reserve | 16,706,337 | 16,706,337 | ||
General risk reserve | ||||
Undistributed profits | 852,472 | 405,069 | ||
Total owners' equity (or shareholders' equity) | ||||
attributable to the parent company | 73,815,729 | 73,024,030 | ||
Minority interests | 18,588,895 | 18,368,526 | ||
Total owners' equity (or shareholders' equity) | 92,404,624 | 91,392,556 | ||
Total liabilities and owners' equity | ||||
(or shareholders' equity) | 278,877,162 | 280,333,508 | ||
Person-in-charge of the | Person-in-charge of | Person-in-charge of the | ||
Company: | accounting matters: | accounting institution: | ||
Chen Feihu | Jiang Jinming | Zhao Wei |
- 14 -
Balance Sheet of the Parent Company
31 March 2021
Prepared by: Datang International Power Generation Co., Ltd.
Unit: '000 | Currency: RMB Audit Type: unaudited | |||
31 March | 31 December | |||
Item | 2021 | 2020 | ||
Current assets: | ||||
Cash balance | 2,174,885 | 1,100,694 | ||
Trading financial assets | ||||
Derivative financial assets | ||||
Notes receivables | 9,000 | 32,000 | ||
Accounts receivables | 988,398 | 982,469 | ||
Receivables financing | ||||
Prepayments | 94,518 | 63,074 | ||
Other receivables | 2,628,118 | 2,897,867 | ||
Including: Interests receivable | 68,761 | 67,651 | ||
Dividends receivable | 2,266,287 | 2,496,886 | ||
Inventories | 233,416 | 222,163 | ||
Contract assets | ||||
Held-for-sale assets | ||||
Non-current assets due within one year | 8,493 | 9,857 | ||
Other current assets | 1,906,203 | 1,910,964 | ||
Total current assets | 8,043,031 | 7,219,088 |
- 15 -
31 March | 31 December | ||
Item | 2021 | 2020 | |
Non-current assets: | |||
Debt investments | 1,915,394 | 1,913,945 | |
Other debt investments | |||
Long-term receivables | 255 | 255 | |
Long-term equity investments | 73,377,124 | 73,063,189 | |
Investments in other equity instruments | 272,765 | 269,423 | |
Other non-current financial assets | 3,728,306 | 3,728,306 | |
Investment properties | 175,304 | 177,375 | |
Fixed assets | 9,270,918 | 9,465,339 | |
Construction-in-progress | 3,961,058 | 3,961,984 | |
Productive biological assets | |||
Oil and gas assets | |||
Right-of-use assets | 35,258 | 39,187 | |
Intangible assets | 682,483 | 689,153 | |
Development expenses | 2,802 | 2,802 | |
Goodwill | 33,561 | 33,561 | |
Long-term deferred expenses | 53,764 | 58,379 | |
Deferred income tax assets | 2,662,635 | 2,662,635 | |
Other non-current assets | 200,920 | 201,472 | |
Total non-current assets | 96,372,547 | 96,267,005 | |
Total assets | 104,415,578 | 103,486,093 | |
- 16 -
31 March | 31 December | ||
Item | 2021 | 2020 | |
Current liabilities: | |||
Short-term borrowings | 7,549,629 | 6,548,620 | |
Trading financial liabilities | |||
Derivative financial liabilities | |||
Notes payable | |||
Accounts payable | 857,768 | 881,098 | |
Receipts in advance | |||
Contract liabilities | 13,267 | 15,365 | |
Salaries payable | 18,230 | 8,500 | |
Taxes payable | 54,573 | 52,279 | |
Other payables | 730,312 | 708,339 | |
Including: Interests payable | |||
Dividends payable | |||
Held-for-sale liabilities | |||
Non-current liabilities due within one year | 4,870,110 | 4,913,992 | |
Other current liabilities | 2,043,200 | 2,058,164 | |
Total current liabilities | 16,137,089 | 15,186,357 | |
Non-current liabilities: | |||
Long-term borrowings | 3,420,000 | 3,531,000 | |
Debentures payables | 5,983,564 | 5,982,740 | |
Including: Preference shares | |||
Perpetual liabilities | |||
Lease liabilities | 30,276 | 22,835 | |
Long-term payables | |||
Long-term salaries payable | |||
Accrued liabilities | |||
Deferred income | 240,607 | 248,043 | |
Deferred income tax liabilities | 121,260 | 121,260 | |
Other non-current liabilities | |||
Total non-current liabilities | 9,795,707 | 9,905,878 | |
Total liabilities | 25,932,796 | 25,092,235 | |
- 17 -
31 March | 31 December | |||
Item | 2021 | 2020 | ||
Owners' equity (or shareholders' equity): | ||||
Paid-up capital (or share capital) | 18,506,711 | 18,506,711 | ||
Other equity instruments | 31,677,517 | 31,316,377 | ||
Including: Preference shares | ||||
Perpetual liabilities | 31,677,517 | 31,316,377 | ||
Capital surplus | 10,191,300 | 10,191,300 | ||
Less: Inventory shares | ||||
Other comprehensive income | -446,832 | -446,832 | ||
Specific reserve | 369,309 | 369,309 | ||
Surplus reserve | 16,572,808 | 16,572,808 | ||
Undistributed profits | 1,611,969 | 1,884,185 | ||
Total owners' equity (or shareholders' equity) | 78,482,782 | 78,393,858 | ||
Total liabilities and owners' equity | ||||
(or shareholders' equity) | 104,415,578 | 103,486,093 | ||
Person-in-charge of the | Person-in-charge of | Person-in-charge of the | ||
Company: | accounting matters: | accounting institution: | ||
Chen Feihu | Jiang Jinming | Zhao Wei |
- 18 -
Consolidated Income Statement
January to March 2021
Prepared by: Datang International Power Generation Co., Ltd.
Unit: '000 | Currency: RMB Audit Type: unaudited | |
The first | The first | |
quarter of | quarter of | |
Item | 2021 | 2020 |
1. Total operating revenue | 25,094,878 | 22,136,935 |
Including: Operating revenue | 25,094,878 | 22,136,935 |
Interest income | ||
Premiums earned | ||
Fees and commission income | ||
2. Total operating costs | 24,054,946 | 21,040,266 |
Including: Operating costs | 21,634,313 | 18,534,053 |
Interest expenses | ||
Fees and commission expense | ||
Surrender payment | ||
Net expenditure for compensation | ||
payment | ||
Net provisions for insurance liabilities | ||
Expenditure for insurance policy | ||
dividend | ||
Reinsurance cost | ||
Business tax and surcharges | 307,684 | 285,288 |
Selling expenses | 14,866 | 10,664 |
Administrative expenses | 487,093 | 481,585 |
R&D expenditures | 820 | 138 |
Financial expenses | 1,610,170 | 1,728,538 |
Including: Interest expenses | 1,615,209 | 1,744,289 |
Interest income | 14,281 | 24,270 |
- 19 -
The first | The first | |
quarter of | quarter of | |
Item | 2021 | 2020 |
Add: Other income | 61,147 | 33,440 |
Investment income (losses stated with "-") | 263,808 | 30,812 |
Including: Investment income from | ||
associates and joint ventures | 260,245 | 29,092 |
Gains from derecognition of | ||
financial assets at amortized | ||
costs | ||
Gains from foreign exchange | ||
(losses stated with "-") | ||
Gains on net exposure hedging | ||
(losses stated with "-") | ||
Gains arising from changes in fair value | ||
(losses stated with "-") | ||
Loss on impairment of credit | ||
(losses stated with "-") | 755 | 60 |
Loss on impairment of assets | ||
(losses stated with "-") | ||
Gains from disposals of assets | ||
(losses stated with "-") | 5,243 | 1,791 |
3. Operating profit (losses stated with "-") | 1,370,885 | 1,162,772 |
Add: Non-operating income | 16,524 | 98,608 |
Less: Non-operating expenses | 379 | 11,983 |
4. Total profit (total loss stated with "-") | 1,387,030 | 1,249,397 |
Less: Income tax expenses | 362,320 | 353,428 |
5. Net profit (net loss stated with "-") | 1,024,710 | 895,969 |
(1) Classified by continuity of operations | ||
1. Net profit from continuing operations | ||
(net loss stated with "-") | 1,024,710 | 895,969 |
2. Net profit from discontinued operations | ||
(net loss stated with "-") | ||
(2) Classified by ownership of equity | ||
1. Net profit attributable to the shareholders | ||
of the parent company | ||
(net loss stated with "-") | 808,543 | 705,969 |
2. Minority shareholders' profit and loss | ||
(net loss stated with "-") | 216,167 | 190,000 |
- 20 -
The first | The first | |
quarter of | quarter of | |
Item | 2021 | 2020 |
6. Other comprehensive income after tax (net) | -22,569 | 18,529 |
- Other comprehensive income after tax attributable to owners of the parent company
(net) | -22,569 | 18,529 | |
1. Other comprehensive income that cannot be | |||
reclassified to profit and loss | -22,192 | 15,070 | |
(1) | Changes arising from the re- | ||
measurement of defined benefit plans | |||
(2) | Other comprehensive income that | ||
cannot be reclassified to profit and | |||
loss under equity method | |||
(3) | Changes in fair value of investments in | ||
other equity instruments | -22,192 | 15,070 |
- Changes in fair value of enterprise's own credit risk
2. Other comprehensive income that will be
reclassified to profit and loss | -377 | 3,459 |
- Other comprehensive income that can be reclassified to profit and loss under equity method
- Changes in fair value of other debt investments
- Amount of financial assets reclassified to other comprehensive income
- Credit impairment provision for other debt investments
- Cash flow hedging reserves
- Exchange differences from retranslation
of financial statements | -377 | 3,459 |
- Others
- Other comprehensive income after tax attributable to minority shareholders (net)
- 21 -
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
7. Total comprehensive income | 1,002,141 | 914,498 | |
(1) | Total comprehensive income attributable to | ||
owners of the parent company | 785,974 | 724,498 | |
(2) | Total comprehensive income attributable to | ||
minority shareholders | 216,167 | 190,000 | |
8. Earnings per share: | |||
(1) | Basic earnings per share (RMB/share) | 0.0242 | 0.0236 |
(2) | Diluted earnings per share (RMB/share) | 0.0242 | 0.0236 |
Person-in-charge of the | Person-in-charge of | Person-in-charge of the |
Company: | accounting matters: | accounting institution: |
Chen Feihu | Jiang Jinming | Zhao Wei |
- 22 -
Income Statement of the Parent Company
January to March 2021
Prepared by: Datang International Power Generation Co., Ltd.
Unit: '000 Currency: RMB Audit Type: unaudited
The first | The first | |
quarter of | quarter of | |
Item | 2021 | 2020 |
1. Operating revenue | 2,648,657 | 2,575,377 |
Less: Operating costs | 2,447,562 | 2,163,032 |
Business tax and surcharges | 47,798 | 49,108 |
Selling expenses | ||
Administrative expenses | 137,265 | 111,870 |
R&D expenditures | 47 | |
Financial expenses | 227,414 | 285,956 |
Including: Interest expenses | 230,910 | 289,829 |
Interest income | 3,820 | 3,852 |
Add: Other income | 8,134 | 7,435 |
Investment income | ||
(losses stated with "-") | 291,583 | 59,394 |
Including: Investment income from | ||
associates and joint | ||
ventures | 260,245 | 29,099 |
Gains from derecognition | ||
of financial assets at | ||
amortized costs | ||
Gains on net exposure hedging | ||
(losses stated with "-") | ||
Gains arising from changes in fair | ||
value (losses stated with "-") | ||
Loss on impairment of credit | ||
(losses stated with "-") | ||
Loss on impairment of assets | ||
(losses stated with "-") | ||
Gains from disposals of assets | ||
(losses stated with "-") | 1,780 | |
2. Operating profit (losses stated with "-") | 88,288 | 34,020 |
Add: Non-operating income | 636 | 67,462 |
Less: Non-operating expenses | 1,430 |
- 23 -
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
3. | Total profit (total loss stated with "-") | 88,924 | 100,052 |
Less: Income tax expenses | |||
4. | Net profit (net loss stated with "-") | 88,924 | 100,052 |
(1) Net profit from continuing operations | |||
(net loss stated with "-") | 88,924 | 100,052 |
- Net profit from discontinued operations (net loss stated with "-")
5. Other comprehensive income after tax (net)
- Other comprehensive income that cannot be reclassified to profit and loss
- Changes arising from the re-measurement of defined benefit plans
- Other comprehensive income that cannot be reclassified to profit and loss under equity method
- Changes in fair value of investments in other equity instruments
- Changes in fair value of enterprise's own credit risk
- Other comprehensive income that will be reclassified to profit and loss
- Other comprehensive income that can be reclassified to profit and loss under equity method
- Changes in fair value of other debt investments
- Amount of financial assets reclassified to other comprehensive income
- Credit impairment provision for other debt investments
- Cash flow hedging reserves
- Exchange differences from retranslation of financial statements
- Others
- 24 -
The first | The first | |
quarter of | quarter of | |
Item | 2021 | 2020 |
6. Total comprehensive income | 88,924 | 100,052 |
7. Earnings per share:
- Basic earnings per share (RMB/share)
- Diluted earnings per share (RMB/share)
Person-in-charge of | Person-in-charge of the | |
Legal representative: | accounting matters: | accounting institution: |
Chen Feihu | Jiang Jinming | Zhao Wei |
- 25 -
Consolidated Cash Flow Statement
January to March 2021
Prepared by: Datang International Power Generation Co., Ltd.
Unit: '000 Currency: RMB Audit Type: unaudited
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
1. Cash flows generated from operating activities: | |||
Cash received from sales of goods and services | |||
rendered | 25,996,620 | 24,306,491 | |
Net increase in customer and interbank deposits | |||
Net increase in borrowing from the central bank | |||
Net cash increase in intra-bank borrowing from | |||
other financial institutions | |||
Cash received from premiums under original | |||
insurance contract | |||
Net cash received from reinsurance business | |||
Net increase in deposits of policy holders and | |||
investment | |||
Cash received from interest, fees and | |||
commissions | |||
Net increase in loans from other banks | |||
Net increase in cash received from repurchase | |||
business | |||
Net cash received from trading in securities for | |||
customer | |||
Refund of taxes and levies | 51,214 | 10,305 | |
Other cash received relating to operating | |||
activities | 424,346 | 608,331 | |
Sub-total of cash inflows from operating activities | 26,472,180 | 24,925,127 | |
- 26 -
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
Cash paid for goods and services received | 16,616,887 | 13,588,670 | |
Net increase in customer loans and advance | |||
Net increase in deposits in the central bank and | |||
interbank deposits | |||
Cash paid for compensation payments under | |||
original insurance contract | |||
Net increase in loans to banks and other financial | |||
institutions | |||
Cash paid for interest, fees and commissions | |||
Cash paid for insurance policy dividend | |||
Cash paid to and on behalf of employees | 1,902,948 | 1,511,786 | |
Payments of all types of taxes | 1,913,632 | 2,070,985 | |
Other cash paid relating to operating activities | 917,710 | 944,383 | |
Sub-total of cash outflows from operating | |||
activities | 21,351,177 | 18,115,824 | |
Net cash flows generated from operating | |||
activities | 5,121,003 | 6,809,303 | |
2. Cash flows generated from investing activities: | |||
Cash received on disposals of investments | 7,131 | ||
Cash received on investment income | 37,274 | 21,413 | |
Net cash received from disposals of fixed assets, | |||
intangible assets and other long-term assets | 35,279 | 128,662 | |
Net cash received from disposals of subsidiaries | |||
and other operating units | |||
Other cash received relating to investing activities | 936 | 10,911 | |
Sub-total of cash inflows from investing activities | 73,489 | 168,117 |
- 27 -
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
Cash paid for acquisition and construction of | |||
fixed assets, intangible assets and other long- | |||
term assets | 1,509,112 | 1,717,504 | |
Cash paid to acquire investments | 14,272 | 8,700 | |
Net increase in secured loans | |||
Net cash paid for acquisition of subsidiaries and | |||
other operating units | |||
Other cash paid relating to investing activities | 14,514 | 44,122 | |
Sub-total of cash outflows from investing | |||
activities | 1,537,898 | 1,770,326 | |
Net cash flows generated from investing activities | -1,464,409 | -1,602,209 | |
3. Cash flows generated from financing activities: | |||
Cash received from investments | 2,876 | 950 | |
Including: Cash received from minority | |||
shareholders' investment in subsidiaries | 2,876 | 950 | |
Cash received from borrowings | 12,887,138 | 16,421,732 | |
Other cash received relating to financing | |||
activities | 531,504 | 141,135 | |
Sub-total of cash inflows from financing activities | 13,421,518 | 16,563,817 | |
Cash paid on repayments of borrowings | 13,826,964 | 16,754,793 | |
Cash paid for distribution of dividends and profit | |||
or interest expenses | 1,666,764 | 1,711,053 | |
Including: Dividends and profit paid to minority | |||
shareholders by subsidiaries | 67,822 | 75,893 | |
Other cash paid relating to financing activities | 685,058 | 781,167 | |
Sub-total of cash outflows from financing | |||
activities | 16,178,786 | 19,247,013 | |
Net cash flows generated from financing | |||
activities | -2,757,268 | -2,683,196 | |
- 28 -
The first | The first | |||
quarter of | quarter of | |||
Item | 2021 | 2020 | ||
4. | Effect of foreign exchange rate changes on | |||
cash and cash equivalents | -68 | 893 | ||
5. | Net increase in cash and cash equivalents | 899,258 | 2,524,791 | |
Add: Balance of cash and cash equivalents at the | ||||
beginning of the reporting period | 7,856,964 | 7,964,249 | ||
6. | Balance of cash and cash equivalents at the | |||
end of the reporting period | 8,756,222 | 10,489,040 | ||
Person-in-charge of | Person-in-charge of the | |||
Legal representative: | accounting matters: | accounting institution: | ||
Chen Feihu | Jiang Jinming | Zhao Wei |
- 29 -
Cash Flow Statement of the Parent Company
January to March 2021
Prepared by: Datang International Power Generation Co., Ltd.
Unit: '000 Currency: RMB Audit Type: unaudited
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
1. Cash flows generated from operating activities: | |||
Cash received from sales of goods and services | |||
rendered | 2,935,695 | 2,837,924 | |
Refund of taxes and levies | 90 | ||
Other cash received relating to operating | |||
activities | 152,500 | 127,107 | |
Sub-total of cash inflows from operating activities | 3,088,285 | 2,965,031 | |
Cash paid for goods and services received | 2,165,085 | 2,046,947 | |
Cash paid to and on behalf of employees | 319,092 | 279,134 | |
Payments of all types of taxes | 150,628 | 169,710 | |
Other cash paid relating to operating activities | 201,399 | 163,621 | |
Sub-total of cash outflows from operating | |||
activities | 2,836,204 | 2,659,412 | |
Net cash flows generated from operating | |||
activities | 252,081 | 305,619 | |
- 30 -
The first | The first | ||
quarter of | quarter of | ||
Item | 2021 | 2020 | |
2. Cash flows generated from investing activities: | |||
Cash received on disposals of investments | 7,131 | ||
Cash received on investment income | 254,335 | 15,211 | |
Net cash received from disposals of fixed assets, | |||
intangible assets and other long-term assets | 26,225 | 92,032 | |
Net cash received from disposals of subsidiaries | |||
and other operating units | |||
Other cash received relating to investing activities | 4,653 | ||
Sub-total of cash inflows from investing activities | 280,560 | 119,027 | |
Cash paid for acquisition and construction of | |||
fixed assets, intangible assets and other long- | |||
term assets | 33,792 | 21,705 | |
Cash paid to acquire investments | 57,032 | 59,270 | |
Net cash paid for acquisition of subsidiaries and | |||
other operating units | |||
Other cash paid relating to investing activities | 3,996 | 911 | |
Sub-total of cash outflows from investing | |||
activities | 94,820 | 81,886 | |
Net cash flows generated from investing activities | 185,740 | 37,141 | |
- 31 -
The first | The first | |
quarter of | quarter of | |
Item | 2021 | 2020 |
3. Cash flows generated from financing activities: Cash received from investments
Cash received from borrowings | 3,500,000 | 6,000,000 | |
Other cash received relating to financing | |||
activities | 23,360 | 1,619 | |
Sub-total of cash inflows from financing | |||
activities | 3,523,360 | 6,001,619 | |
Cash paid on repayments of borrowings | 2,787,083 | 5,749,772 | |
Cash paid for distribution of dividends and profit | |||
or interest expenses | 99,903 | 194,476 | |
Other cash paid relating to financing activities | 22 | 8 | |
Sub-total of cash outflows from financing | |||
activities | 2,887,008 | 5,944,256 | |
Net cash flows generated from financing | |||
activities | 636,352 | 57,363 | |
- 32 -
The first | The first | |||
quarter of | quarter of | |||
Item | 2021 | 2020 | ||
4. | Effect of foreign exchange rate changes on | |||
cash and cash equivalents | 16 | 80 | ||
5. | Net increase in cash and cash equivalents | 1,074,189 | 400,203 | |
Add: Balance of cash and cash equivalents at the | ||||
beginning of the reporting period | 1,100,624 | 1,701,785 | ||
6. | Balance of cash and cash equivalents at the | |||
end of the reporting period | 2,174,813 | 2,101,988 | ||
Person-in-charge of | Person-in-charge of the | |||
Legal representative: | accounting matters: | accounting institution: | ||
Chen Feihu | Jiang Jinming | Zhao Wei |
- Adjustment of relevant items in the financial statements at the beginning of the year due to the implementation of the New Lease Standards for the first time since 2021
- Applicable 3 Not applicable
- Notes on retrospective adjustment of the comparative figures in the previous period due to the implementation of the New Lease Standards for the first time since 2021
- Applicable 3 Not applicable
- Audit report
- Applicable 3 Not applicable
- 33 -
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DTP - Datang International Power Generation Co. Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 10:31:05 UTC.