Financial Performance - The company's operating revenue for the first half of 2022 reached RMB 2,508,220,288.56, representing an increase of 80.72% compared to the same period last year[15]. - The net profit attributable to shareholders of the listed company was RMB 693,153,475.76, a significant increase of 174.02% year-on-year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 492,897,371.67, up 101.97% from the previous year[15]. - The net cash flow from operating activities was RMB 928,040,704.27, reflecting a 239.91% increase compared to the same period last year[15]. - Basic earnings per share increased by 153.85% to CNY 0.33 compared to the same period last year[16]. - The weighted average return on equity rose by 4.67 percentage points to 8.39%[16]. - The total operating revenue for the first half of 2022 was CNY 2,508,220,288.56, a significant increase from CNY 1,387,889,048.59 in the same period of 2021, representing an increase of approximately 80.8%[119]. - The total operating costs for the first half of 2022 amounted to CNY 1,664,402,882.10, compared to CNY 970,693,517.81 in the previous year, reflecting an increase of about 71.2%[119]. - The net profit for the first half of 2022 reached CNY 940,238,362.52, up from CNY 379,565,233.03 in the same period of 2021, indicating a growth of approximately 147.5%[120]. - The company reported a financial expense of CNY 577,905,812.29 for the first half of 2022, which is an increase from CNY 317,059,532.16 in the same period of 2021, indicating a rise of approximately 82.2%[119]. - The company recorded a tax expense of CNY 114,673,865.19 for the first half of 2022, compared to CNY 49,027,412.94 in the same period of 2021, indicating an increase of approximately 133.5%[120]. Assets and Liabilities - The total assets of the company at the end of the reporting period amounted to RMB 46,963,802,835.90, an increase of 12.99% from the end of the previous year[15]. - The total liabilities reached CNY 32.90 billion, an increase of 12.9% from CNY 29.36 billion in the previous period[115]. - The equity attributable to shareholders increased to CNY 8.61 billion, up from CNY 7.91 billion, marking a growth of approximately 8.9%[115]. - Total current assets increased to 11,030,986,893.67 RMB from 9,013,372,177.77 RMB, reflecting a growth of approximately 22.4%[113]. - Long-term equity investments rose to 2,739,545,776.14 RMB from 2,676,661,269.33 RMB, an increase of approximately 2.3%[113]. - The company's total liabilities increased significantly, with a notable rise in debt obligations, indicating a strategic approach to leverage for growth[128]. Cash Flow - The net cash flow from operating activities improved due to the commissioning of new wind and solar projects, as well as the acquisition of hydropower assets[16]. - Cash flow from operating activities amounted to 928,040,704.27, up from 273,027,342.40 in the first half of 2021, reflecting a growth of approximately 240%[126]. - Cash flow from investing activities showed a net outflow of -2,927,309,658.64, worsening from -1,484,208,752.96 in the same period last year[127]. - Cash flow from financing activities generated a net inflow of 2,227,411,893.83, compared to 1,271,672,832.83 in the first half of 2021, indicating an increase of approximately 75%[127]. Renewable Energy Development - Non-fossil energy accounted for approximately 48.2% of the total installed capacity in the country, reflecting a year-on-year increase of 2.8 percentage points[20]. - The total installed capacity of renewable energy reached 1.18 billion kilowatts, with a year-on-year growth of 14.8%[20]. - The company aims to expand its renewable energy capacity in line with national targets, including achieving 1.2 billion kilowatts of wind and solar capacity by 2030[20]. - The company is actively involved in the development of large-scale wind and solar bases in desert and barren areas[20]. - The company has a total installed capacity of 4.3281 million kW, with 1.1322 million kW from hydropower, 1.9097 million kW from photovoltaic, and 1.2862 million kW from wind power, adding 534,000 kW during the reporting period[21]. Strategic Acquisitions and Investments - The company acquired 100% equity of Asia New Energy in January 2022 and made several other strategic acquisitions throughout the first half of 2022[35]. - The company is actively developing projects, including the Taizhou No. 1 offshore wind power project, which has an additional installed capacity of approximately 100,000 kW, and the acquisition of 400,000 kW of installed capacity[27]. - The company has established a multi-channel financing system, with net cash flow from financing activities amounting to 2,227.41 million yuan, a 75.16% increase compared to the previous year[30]. Corporate Governance and Compliance - The company has established a governance framework to enhance internal controls and protect the interests of Zhejiang New Energy and its investors[63]. - The company will ensure compliance with legal and regulatory requirements during the implementation of stock price stabilization measures[71]. - The company will actively accept supervision from regulatory bodies and investors regarding its commitments and will take legal measures to fulfill them[79]. - The company has established a corporate governance structure with a shareholders' meeting, board of directors, and supervisory board[145]. Social Responsibility and Community Engagement - The company has actively engaged in ecological conservation efforts, including releasing 20,000 juvenile fish into local waters[53]. - The company aims to achieve collective economic income and operational income targets for the village in 2022[56]. - The company has established a partnership with the local village to enhance rural tourism and promote local cultural resources[55]. - The company is committed to fulfilling its social responsibilities by promoting rural revitalization and poverty alleviation initiatives[55]. Risks and Challenges - The company faces risks related to fluctuating grid electricity prices, which may impact future performance due to increased participation in electricity trading[43]. - The company has a significant balance of receivable renewable energy subsidies, which may affect liquidity[43]. - The company operates in regions with limited electricity demand, leading to potential curtailment of solar and wind energy generation[43]. Related Party Transactions - The company has a loan balance of RMB 300,908,000 with Zhejiang Energy Group Financial Co., Ltd., with an interest rate range of 3.70%-4.90%[96]. - The company has a total loan amount of RMB 811,269,780 with Zhejiang Energy Group Financial Co., Ltd.[97]. - The company reported a decrease in related party debts from RMB 376,573,558.84 to RMB 366,728,089.62 during the reporting period[94]. Accounting Policies and Financial Reporting - The financial report complies with the accounting standards and reflects the group's financial status as of June 30, 2022[155]. - The group uses Renminbi as its functional currency for financial reporting[157]. - The company recognizes fixed assets at their actual cost upon acquisition, with subsequent expenditures capitalized if they meet certain criteria[180]. - The company assesses impairment of intangible assets annually, with any impairment loss recognized in the current period[188].

Financial Performance - The company's operating revenue for Q3 2021 was ¥844,106,920.79, representing a year-on-year increase of 32.84%[4] - The net profit attributable to shareholders for Q3 2021 was ¥184,610,964.33, reflecting a year-on-year growth of 54.56%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥179,171,186.27, showing a significant increase of 73.99% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥2,163,205,234.90, an increase from ¥1,836,501,563.70 in the same period of 2020, representing a growth of approximately 17.8%[19] - Net profit for the third quarter of 2021 was ¥614,781,530.09, up from ¥521,489,745.00 in the same quarter of 2020, reflecting a growth of approximately 17.9%[20] - Total comprehensive income for the third quarter of 2021 was CNY 614,781,530.09, compared to CNY 521,488,088.32 in the same period of 2020, representing an increase of approximately 17.9%[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥37,579,615,089.94, which is a 26.22% increase compared to the end of the previous year[5] - The company's total liabilities as of the third quarter of 2021 amounted to ¥25,866,646,474.54, compared to ¥19,648,162,596.72 in the previous year, marking an increase of about 31.5%[18] - The total equity attributable to shareholders reached ¥7,664,759,123.14 in the third quarter of 2021, up from ¥6,565,814,137.95 in 2020, representing an increase of approximately 16.7%[18] - The total assets of the company amounted to ¥37,579,615,089.94, up from ¥29,772,924,369.04, representing a growth of 26.3%[16] - Current assets totaled ¥4,771,533,128.70, reflecting a decrease of ¥1,954,469.87 from the last report[25] - Total liabilities were reported at ¥19,648,162,596.72, down by ¥41,808,796.86 from the previous period[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥773,319,842.49, reflecting a decrease of 5.55% compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2021 was CNY 773,319,842.49, a decrease of 5.5% compared to CNY 818,771,371.45 in the same period of 2020[22] - Cash inflow from operating activities totaled CNY 1,328,137,202.42, up from CNY 1,204,557,422.20, indicating an increase of approximately 10.3%[22] - Net cash flow from investing activities was -CNY 2,489,869,771.21, an improvement from -CNY 3,532,618,893.76 in the previous year[23] - Cash flow from financing activities generated a net inflow of CNY 2,942,729,100.15, compared to CNY 2,635,063,886.52 in the same period of 2020, marking an increase of about 11.6%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 90,842, with Zhejiang Energy Group holding 1,440,000,000 shares, accounting for 69.23%[12] - The total equity of the company as of the third quarter of 2021 was ¥11,712,968,615.40, compared to ¥10,124,761,772.32 in the previous year, reflecting a growth of about 15.7%[18] Investments and Expenses - The company reported a significant increase in electricity generation due to favorable rainfall, contributing to the profit growth[9] - Research and development expenses for the third quarter of 2021 were ¥10,653,289.36, indicating ongoing investment in innovation[19] - Financial expenses for the first three quarters of 2021 were ¥475,437,871.01, compared to ¥439,031,014.01 in the same period of 2020, showing an increase of about 8.3%[19] - The company reported an investment income of ¥151,774,619.10 for the third quarter of 2021, up from ¥118,953,787.25 in the same quarter of 2020, indicating a growth of approximately 27.6%[20] Other Information - The company has not disclosed any significant new product or technology developments during the reporting period[14] - There are no significant mergers or acquisitions reported in the current financial period[14] - The company has not provided specific future guidance or outlook in the current report[14] - The company has implemented a new leasing standard effective January 1, 2021, impacting financial reporting[28]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 1,319,098,314.11, representing a 9.83% increase compared to RMB 1,201,074,023.34 in the same period last year[16]. - The net profit attributable to shareholders of the listed company reached RMB 223,384,605.77, a 29.48% increase from RMB 172,527,209.48 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was RMB 214,477,337.14, reflecting a 30.50% increase compared to RMB 164,349,210.86 in the same period last year[16]. - The net cash flow from operating activities was RMB 273,027,342.40, down 14.05% from RMB 317,672,911.71 in the previous year[16]. - Basic earnings per share for the first half of 2021 were RMB 0.1172, up 27.12% from RMB 0.0922 in the same period last year[17]. - The weighted average return on net assets was 3.29%, an increase of 0.58 percentage points compared to 2.71% in the previous year[17]. - The total comprehensive income for the first half of 2021 was CNY 322,563,752.19, compared to CNY 304,601,247.56 in the first half of 2020, reflecting an increase of 5.9%[110]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased to RMB 7,477,611,274.84, a 13.89% rise from RMB 6,565,814,137.95 at the end of the previous year[16]. - Total assets reached RMB 31,723,490,572.23, marking a 6.55% increase from RMB 29,772,924,369.04 at the end of the previous year[16]. - Total liabilities reached CNY 20,597,210,112.76, up from CNY 19,648,162,596.72, indicating an increase of about 4.8%[104]. - The company's total equity as of June 30, 2021, was CNY 11,126,280,459.47, compared to CNY 10,124,761,772.32 at the end of 2020, reflecting a growth of approximately 9.9%[104]. Investment and Projects - The company has a total installed capacity of 2,786.05 MW, with 1,573.55 MW from solar power projects, 794.20 MW from hydropower, and 418.30 MW from wind power[22]. - The company has 695.9 MW of approved projects under construction, including a 301.2 MW offshore wind farm and various solar power projects[23]. - The company is actively developing three major offshore wind power projects with a total capacity of 603.2 MW[25]. - The company raised CNY 691 million through its initial public offering, optimizing its capital structure[25]. Cash Flow and Financing - The net cash flow from operating activities was CNY 273.03 million, a decrease of 14.05% year-on-year[27]. - The company's investment activities generated a net cash outflow of CNY 1,484.21 million, a decrease compared to the previous year[27]. - Total cash inflow from financing activities reached 4,452,419,369.74 RMB, an increase from 3,034,692,358.87 RMB year-over-year[116]. - Cash outflow from investment activities totaled 1,494,182,105.05 RMB, down from 2,561,165,748.10 RMB in the prior year[115]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer for the reporting period, with no dividends or stock bonuses declared[44]. - The state-owned Zhejiang Energy Group holds 1,440,000,000 shares, representing 69.23% of the total shares[95]. - Zhejiang New Energy Development Co., Ltd. holds 432,000,000 shares, accounting for 20.77% of the total shares[95]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[136]. Environmental and Social Responsibility - The company has engaged in ecological restoration activities, releasing over 15 million economic seedlings into the environment as part of its commitment to green development[47]. - The company actively participated in rural revitalization efforts, including investments in infrastructure such as roads and cultural halls in villages, contributing to local economic development[49]. - The company emphasizes the importance of government policies in supporting the renewable energy sector, which could impact its business if policies change[40]. Risks and Challenges - The company faces risks related to the reform of the electricity system, which may lead to uncertainties in future electricity pricing and sales volumes[40]. - The company is subject to risks associated with project grid connection, which may affect its ability to fully generate and sell electricity if grid capacity is exceeded[40]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering to environmental protection laws[46]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations[144]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[146]. - The company applies impairment testing for long-term assets, including intangible assets, as per its accounting policies[198].