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on august 30, datang huayin electric power co., ltd. (hereinafter referred to as "huayin electric power") released its semi-annual report. according to the report, the company achieved operating income of 3.546 billion yuan in the first half of the year, a year-on-year decrease of 27.41%; and achieved a net profit attributable to the parent company of 4.8639 million yuan, a year-on-year increase of 159 million yuan, turning losses into profits.

huayin power mainly produces thermal power, and also operates hydropower, wind power, solar power and power sales. it is the main thermal power generation enterprise in hunan province. as of the end of june, the company had 6.6774 million kilowatts of installed capacity in operation, including 4.82 million kilowatts of thermal power, 140,000 kilowatts of hydropower, 539,500 kilowatts of wind power, 1.1779 million kilowatts of photovoltaic power, 200,000 kilowatts of energy storage installed capacity under management, and 1.26 million kilowatts of youxian power plant under management.

since the 14th five-year plan, huayin power's clean energy installed capacity has continued to expand, from 8.74% at the beginning of 2021 to 27%. currently, the first national photovoltaic base in hunan province, loudi "ecological governance + photovoltaic" base, is under construction, with 880,000 kilowatts put into production, and the remaining 120,000 kilowatts will be fully connected to the grid before the end of the year. as of the end of the reporting period, the company's clean energy installed capacity accounted for 1.8574 million kilowatts, and the development momentum continued to improve.

in the first half of the year, huayin power generated 7.41 billion kwh of electricity, a year-on-year decrease of 31.48%; and connected to the grid 6.889 billion kwh, a year-on-year decrease of 31.60%. the company said that its operating income in the reporting period decreased by 1.339 billion yuan year-on-year, mainly due to a year-on-year decrease of 3.404 billion kwh in power generation.

in terms of financial data, as of the end of june, huayin power had total assets of 24.498 billion yuan, total liabilities of 22.612 billion yuan, and an asset-liability ratio of 92.30%. affected by the decline in market coal purchase prices during the reporting period, the decline in cash paid for the purchase of goods and services was greater than the decline in cash received for the sale of goods and services. the company's operating cash flow was 576 million yuan, an increase of 331 million yuan over the same period last year.

huayuan securities gave huayin power an "overweight" rating for the first time. the agency analyzed that the domestic coal supply and demand are tending to balance, and the profit of huayin power's thermal power sector is expected to continue to recover. at the same time, the power supply and demand in hunan province is relatively tight, and the electricity price level of new energy is relatively high after participating in market-oriented transactions. as the company's new energy installed capacity is put into production one after another, the profit level of new energy projects is considerable, which is expected to bring continuous growth to it.