Financial Performance - The operating revenue for 2024 was RMB 123.47 billion, showing a slight increase compared to RMB 122.43 billion in 2023[29]. - The pre-tax profit for 2024 was RMB 8.67 billion, a significant recovery from a loss of RMB 11.08 billion in 2021[29]. - The company’s equity attributable to owners was RMB 30.22 billion as of December 31, 2024, compared to RMB 27.44 billion in 2023[30]. - The total operating costs decreased to approximately RMB 112.323 billion, a reduction of about RMB 2.075 billion or 1.81% due to lower fuel costs[53]. - The total profit before tax from continuing operations was approximately RMB 8.666 billion, an increase of about 51.88% year-on-year[55]. - The net profit attributable to equity holders of the company was approximately RMB 4.538 billion, compared to RMB 1.440 billion in the previous year[55]. - The company reported a significant increase in revenue, achieving a total of 10 billion yuan, representing a 15% year-over-year growth[1]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[1]. Asset and Liability Management - As of the end of 2024, the total assets of the company reached approximately RMB 322.62 billion, with an installed capacity of 79,111.227 MW[11]. - The total liabilities of the company as of December 31, 2024, were RMB 229.19 billion, reflecting an increase from RMB 215.74 billion in 2023[30]. - As of December 31, 2024, total assets amounted to approximately RMB 322.624 billion, an increase of about RMB 18.345 billion from the end of 2023[56]. - The total liabilities reached approximately RMB 229.190 billion, an increase of about RMB 13.448 billion, primarily due to financing needs for power project construction[56]. - The company issued medium-term notes and short-term financing bonds totaling RMB 16 billion during the year, effectively lowering the overall financing cost[49]. - The company raised RMB 39.77 billion in debt financing and RMB 3.5 billion in equity financing in 2024[172]. Energy Production and Capacity - The company generated approximately 285.15 billion kWh of electricity in 2024, with a grid-connected electricity output of about 269.32 billion kWh[14]. - The company added 6,700.263 MW of new installed capacity in 2024, with the proportion of low-carbon clean energy installed capacity increasing to 40.37%, up by 2.62 percentage points from the end of the previous year[12]. - The total installed capacity of the company reached approximately 79,111.227 MW, with a new installed capacity of 6,700.263 MW during the reporting period, including 2,594.2 MW from wind power and 1,704.823 MW from solar power[46]. - The company approved a total capacity of 14,744.9 MW for power projects in 2024, including 4,660 MW for 3 coal-fired projects, 2,031.8 MW for 16 wind projects, and 8,053.1 MW for 245 solar projects[157]. - The company added 6,700.263 MW of new generating capacity in 2024, with 2,400 MW from coal-fired projects, 2,594.2 MW from wind projects, and 1,704.823 MW from solar projects, increasing the share of low-carbon clean energy installations to 40.37%[157]. Strategic Development and Future Plans - The company aims to achieve a green low-carbon transformation, focusing on "green low-carbon, multi-energy complementarity, efficient collaboration, and digital intelligence" as its development vision[11]. - The company plans to continue expanding its clean energy projects, particularly in solar and wind power, to meet the growing demand for renewable energy[12]. - The company is focusing on enhancing energy security capabilities and aims to create a new model for integrated management of coal power and new energy[35]. - The company plans to continue promoting high-quality development and cost leadership strategies, aiming for further operational efficiency and profitability[34]. - The company is actively pursuing green and low-carbon transformation, focusing on wind, solar, and hydropower development, while upgrading coal-fired power plants to reduce emissions[156]. - The company aims to expand into the clean heating market in northern cities and promote new energy low-carbon clean heating solutions to assist local governments in reducing carbon emissions[156]. - The company is exploring new business models in offshore wind power and is conducting research on projects like pumped storage, air storage, and carbon capture and utilization (CCUS)[156]. Governance and Compliance - The company emphasizes the importance of compliance and market-oriented operational mechanisms to enhance governance and management capabilities[36]. - The company has established a dedicated investor relations management team and has engaged with 287 investors and analysts through various communication channels in 2024[155]. - The company fully complied with the corporate governance code and has not faced any penalties from regulatory bodies in 2024[160]. - The company has adopted the principles and provisions of the corporate governance code as its governance benchmark[161]. - The board of directors consists of 15 members, including 5 independent non-executive directors, ensuring a diverse and professional background[175]. - The board established four specialized committees to enhance decision-making processes, with independent directors holding a majority in key committees[176]. - The company confirmed that no major shareholder has occupied the company's funds, ensuring compliance with relevant laws and regulations[180]. Workforce and Talent Development - The company employed 27,969 staff members, implementing a performance-based salary system to enhance employee motivation and align compensation with contributions[59]. - The workforce consists of 27,969 employees, with 83.41% being male and 16.59% female, indicating a significant gender imbalance in the workforce[67]. - The company emphasizes talent development and has implemented a comprehensive training plan to enhance the skills of its workforce, including a focus on high-end and urgently needed talent[70]. - The company has strengthened its leadership team by focusing on the selection of young executives, enhancing their training and evaluation systems[21]. - A comprehensive performance evaluation system has been established, incorporating monthly, annual, and special assessments to enhance incentive mechanisms[21]. Risk Management - The company faces risks related to electricity generation, with new energy generation capacity expected to reach 1.45 billion kilowatts in 2024, surpassing coal-fired generation for the first time, leading to a decline in coal machine utilization hours[60]. - To mitigate electricity and price risks, the company will enhance operational optimization and participate actively in the national unified electricity market, aiming to increase external transaction volumes[62]. - The company anticipates a significant risk of declining electricity prices due to a stable downward trend in coal prices and increased uncertainty from the entry of new energy into the market[63].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 30,206,052, a decrease of 1.74% compared to CNY 30,737,100 in the same period last year[4] - Net profit attributable to shareholders increased by 68.12% to CNY 2,238,433 from CNY 1,331,460 year-on-year[4] - Basic and diluted earnings per share both increased by 98.81% to CNY 0.1004 from CNY 0.0505 in the previous year[5] - Net profit for Q1 2025 reached CNY 2,744,617, representing an increase of 58.2% from CNY 1,736,282 in Q1 2024[21] - Earnings per share for Q1 2025 were CNY 0.1004, compared to CNY 0.0505 in Q1 2024, reflecting a 98.0% increase[22] - The company reported an increase in investment income to CNY 105,079 in Q1 2025, up from CNY 26,534 in Q1 2024[21] - The company’s total comprehensive income for Q1 2025 was CNY 2,744,006, compared to CNY 1,736,401 in Q1 2024, indicating strong overall performance[22] Cash Flow - The net cash flow from operating activities rose by 51.00% to CNY 9,312,542, primarily due to lower fuel costs[4] - Cash flow from operating activities for Q1 2025 was CNY 9,312,542, an increase of 50.0% from CNY 6,167,179 in Q1 2024[25] - Cash flow from investing activities for Q1 2025 was negative CNY 3,987,523, worsening from negative CNY 3,163,950 in Q1 2024[25] - Cash flow from financing activities for Q1 2025 was negative CNY 2,318,303, compared to negative CNY 1,050,754 in Q1 2024[25] - The net increase in cash and cash equivalents for the period was 3,006,464[26] - The beginning balance of cash and cash equivalents was 7,207,988[26] - The ending balance of cash and cash equivalents was 10,214,452[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 322,645,370, a slight increase of 0.01% from CNY 322,601,537 at the end of the previous year[5] - As of March 31, 2025, the total assets of the company amounted to RMB 322,645,370,000, showing a slight increase from RMB 322,601,537,000 as of December 31, 2024[14] - Total current liabilities decreased to RMB 91,382,133,000 from RMB 100,883,091,000, indicating a reduction of about 9.3%[16] - The company's long-term borrowings rose to RMB 118,130,137,000 from RMB 117,093,432,000, reflecting an increase of approximately 0.9%[16] - The total non-current liabilities increased to RMB 133,275,681,000 from RMB 128,234,862,000, an increase of about 3.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 174,969[10] - The company reported a total of 9,816,330,340 shares issued, representing approximately 53.04% of the total issued shares held by the parent company and its subsidiaries[12] - The company has pledged all of its H shares held by its subsidiary, which amounts to 3,275,623,820 shares, approximately 17.70% of the total share capital[12] Inventory and Receivables - The company's accounts receivable slightly decreased to RMB 20,853,252,000 from RMB 20,898,338,000, a decline of about 0.2%[14] - The company's inventory decreased to RMB 3,303,704,000 from RMB 4,824,979,000, a significant drop of approximately 31.5%[15] Investment and Acquisitions - The company acquired 95% of the shares in Datang Solar Industry (Yingde) Co., Ltd., leading to retrospective adjustments in financial data[5] - The company reported a significant increase in investment income by 296.02%, mainly due to losses from equity disposals in the previous period[8] Operating Costs - Total operating costs for Q1 2025 were CNY 27,122,200, down 5.84% from CNY 28,802,447 in Q1 2024[20]

智通财经4月22日讯（编辑 冯轶）智通财经为您带来今日港股重要公告 1）业绩速递 中国移动(00941.HK)：一季度营运收入为2638亿元，同比增长0.02%；净利润306亿元，同比增长3.45%。 中广核矿业(01164.HK)：第一季度旗下投资的矿山共生产天然铀659.1tU，本季度计划完成率110.7%。 中兴通讯(00763.HK)：一季度营业收入329.68亿元，同比增加7.82%；净利润24.53亿元，同比减少10.5%。 津上机床中国(01651.HK)：发布盈喜，预期年度股东应占溢利约7.82亿元 同比增加约60%。 浙江世宝(01057.HK)：一季度营业收入7.18亿元，同比增加45.47%：净利润4873.5万元，同比增加123.77%。 重庆钢铁股份(01053.HK)：一季度营业收入66.14亿元，同比减少14.51%；净亏损1.17亿元，同比收窄64.82%。 2）公司要闻 泡泡玛特(09992.HK)：一季度整体收入同比增长 165%-170%，其中中国收益同比增长95%-100%，海外收益同比增长475%- 480%。其中，亚太同比增长 345%-350%；美洲同比增长895 ...

截至2025年3月31日11:19，中证全指公用事业指数(000995)上涨0.48%，成分股龙源电力上涨5.86%，大唐发电、华电国际、申能股份、国电电力等个股跟 涨。公用事业ETF(159301)跟随涨势，最新价报0.9元，盘中成交额已达230.79万元，暂居可比ETF首位，换手率3.66%。规模方面，公用事业ETF近1月规模 增长299.65万元，新增规模位居可比基金首位。 从估值层面来看，公用事业ETF跟踪的中证全指公用事业指数最新市盈率（PE-TTM）仅15.67倍，处于近1年5.14%的分位，即估值低于近1年94.86%以上的 时间，处于历史低位。 广发证券发布研报称，公用事业板块企稳与催化信号同步显现，煤价超预期下跌及水电蓄能释放推动火电、水电业绩预期反转，叠加高股息策略和市值管理 方案密集落地，板块配置价值凸显。 公用事业ETF（159301）紧密跟踪中证全指公用事业指数，选取50只涉及电力、环保、储能等领域的股票作为指数样本，按申万三级行业来看，前四大行业 分别为水力发电、火力发电、核力发电和风力发电，合计权重近78%，具备高分红与稳健成长属性，是较为典型的红利成长资产。 | 股票代码 | ...

Financial Performance - The company's operating revenue for the year ended December 31, 2024, was approximately RMB 123.47 billion, representing a year-on-year increase of 0.86%[4] - The pre-tax profit reached approximately RMB 8.67 billion, an increase of 51.88% compared to the previous year[4] - Net profit attributable to equity holders of the company was approximately RMB 4.54 billion, a significant increase of 215.05% from RMB 1.44 billion in the previous year[4] - Basic earnings per share was approximately RMB 0.1646, compared to a loss of RMB 0.0114 in the previous year, marking a turnaround[4] - The operating profit for 2024 was RMB 11,150.991 million, significantly up from RMB 8,028.757 million in 2023, indicating an increase of approximately 38.4%[34] - The net profit for the year was RMB 6,898.952 million, compared to RMB 3,103.217 million in 2023, marking a substantial growth of around 122.5%[34] - The company's profit for the year 2024 reached RMB 6,898,952 thousand, a significant increase from RMB 3,103,217 thousand in 2023, representing a growth of approximately 122.5%[35] - Total comprehensive income for the year amounted to RMB 6,869,129 thousand, compared to RMB 3,366,913 thousand in 2023, indicating an increase of about 104.4%[35] - The net profit attributable to shareholders for 2024 was RMB 4,506,183,000, representing a significant increase of 229.70% compared to RMB 1,366,761,000 in 2023[72] Cost Management - The total operating costs for the year amounted to approximately RMB 112.32 billion, a decrease of about RMB 2.07 billion or 1.81% compared to the previous year, primarily due to a reduction in fuel costs[9] - The financial expenses for the year were approximately RMB 5.30 billion, a decrease of about RMB 0.465 billion or 8.06% compared to the previous year, mainly due to controlled financing costs[10] - The total operating costs decreased to RMB 112,322.638 million in 2024 from RMB 114,397.843 million in 2023, reflecting a reduction of about 1.82%[34] - Total employee costs for 2024 amounted to RMB 9,933,175, a decrease of 11.25% from RMB 11,188,331 in 2023[63] Asset and Liability Management - As of December 31, 2024, the total assets of the group were approximately RMB 322.62 billion, an increase of about RMB 18.35 billion compared to the end of 2023, mainly due to the increase in property, plant, and equipment from power project construction[12] - As of December 31, 2024, the total liabilities of the group were approximately RMB 229.19 billion, an increase of about RMB 13.45 billion compared to the end of 2023, primarily due to increased financing needs for power project construction[12] - The group had cash and cash equivalents of approximately RMB 7.73 billion, with about RMB 0.137 billion in foreign currency deposits[13] - The group has a debt ratio of approximately 71.04% and a net debt-to-equity ratio of approximately 190.07%[13] - The company's accounts receivable increased to RMB 21,142,490,000 in 2024 from RMB 19,853,637,000 in 2023, after accounting for impairment provisions[67] - The total liabilities, including accounts payable and contract liabilities, rose to RMB 30,984,525,000 in 2024, compared to RMB 28,678,392,000 in 2023[70] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.0621 per share for the fiscal year 2024[2] - The board of directors proposed a cash dividend of RMB 0.0621 per share, totaling approximately RMB 1.149 billion, subject to shareholder approval[19] - The total cash dividend for the fiscal year represents 38.13% of the net profit attributable to shareholders under Chinese accounting standards[22] - The company proposed a final dividend of RMB 0.0621 per share for the year ending December 31, 2024, totaling RMB 1,149,267,000 (including tax) to be approved at the shareholders' meeting[64] Corporate Governance - The company received an A rating in the annual information disclosure assessment from the Shanghai Stock Exchange, reflecting improved corporate governance[7] - The company has consistently complied with the corporate governance code, with recent board and supervisory committee elections held[25] - The company established various committees, including the nomination committee and remuneration committee, to ensure effective governance and oversight[28] - The board of directors ensured adequate representation at the annual general meeting, despite some members being unable to attend due to public duties[27] Renewable Energy and Sustainability - The company is focused on expanding its renewable energy portfolio and transitioning traditional industries towards green and low-carbon energy solutions[6] - The installed capacity of new power generation units increased by 6,700.263 MW during the reporting period, with wind power projects contributing 2,594.2 MW and photovoltaic projects contributing 1,704.823 MW[7] - The proportion of low-carbon clean energy installations rose to 40.37%, an increase of 2.62 percentage points compared to the end of the previous year[7] Compliance and Accounting Standards - The group has adopted revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, including IFRS 16 regarding lease liabilities in sale and leaseback transactions[40] - The group has implemented amendments to IAS 7 and IFRS 7, requiring disclosure of supplier financing arrangements to assess their impact on liabilities and cash flows[41] - The company confirmed compliance with the standards for securities trading by all directors and supervisors during the year[29] - The audit committee reviewed the accounting policies and internal controls, affirming that the financial report for 2024 complies with applicable accounting standards[30] Employee and Operational Insights - The total number of employees in the group was 27,969, with a focus on performance-based compensation systems to enhance employee motivation and productivity[15] - The company aims to strengthen safety management and enhance high-quality development in 2025, focusing on cost reduction and market opportunities[16][17]

大唐发电: 大唐发电2024年可持续发展报告（环境、社会及管治报告） | 关于本报告 | | --- | | 本报告是大唐国际发电股份有限公司对外公开披露的可持续发展报告（环境、社会及管治报告） | | ，旨在回应利益相关方期望， | | CONTENTS | | 我们的问候 02 责任管理 58 | | 展示本公司在经济、社会和环境责任方面的可持续发展理念、管理和行动成果。 | | 关于我们 04 未来展望 62 | | 报告范围 企业文化 08 关键绩效 64 | | 责任荣誉 09 报告指标索引 66 | | 组织范围：如无特殊说明，本报告涵盖大唐国际发电股份有限公司及旗下各分支机构。 | | 10 专题一：能源保供能力全面提升 读者反 | | 馈 70 | | 时间范围：2024 年 1 月 1 日至 2024 年 12 月 31 日，部分内容超出上述范围。 | | 专题二：绿色低碳发展呈现新气象 14 | | 发布周期 | | 逐绿而行 高质高效 | | 本报告为年度报告，是大唐国际发电股份有限公司连续发布的第十七份社会责任报告。 绘就绿色大唐新图 | | 景 成就卓越治理新高度 | | 编制依据 ...

大唐发电: 大唐发电关于所属部分企业计提资产减 值的公告 证券代码：601991 证券简称：大唐发电 公告编号：2025-015 大唐国际发电股份有限公司 关于所属部分企业计提资产减值的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 大唐国际发电股份有限公司（"公司"）于 2025 年 3 月 25 日召开第十一届 四十次董事会会议，会议审议通过《关于公司所属部分企业计提资产减值、资产 报废、前期费用及资产损失核销的议案》。为客观反映本公司资产状况和经营成 果，确保会计信息真实可靠，按照《企业会计准则》及公司相关财务会计制度的 规定，经对所属企业资产进行盘点、梳理并采取必要的减值测试，对公司部分所 属企业进行计提资产减值准备、报废部分固定资产、库存物资、无形资产以及核 销部分项目前期费用、资产损失等。现将具体情况公告如下： 一、资产减值情况 （一）坏账准备 有限公司（"大唐黑龙江公司"）、浙江大唐乌沙山发电有限责任公司("乌沙 山公司")，合计计提坏账准备 12,078.51 万元（人民币，下同），主要是 ...

一、评估会计师事务所的资质情况 大唐发电: 大唐发电董事会审核委员会对会计师事 务所履行监督职责情况的报告 大唐发电股份有限公司董事会审核委员会 对会计师事务所履行监督职责情况的报告 根据《国有企业、上市公司选聘会计师事务所管理办法》《上市公司 治理准则》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 和大唐国际发电股份有限公司（"大唐国际"或"公司"）《董事会审核委 员会工作细则》等规定和要求，公司董事会审核委员会本着勤勉尽责的原 则，恪尽职守，认真履职。现将董事会审核委员会对会计师事务所履行监 督职责的情况报告如下： ，同意续聘天职国际为公司 2024 年度 财务报告及内部控制审计机构，并提交公司董事会审议通过。 三、与会计师事务所沟通情况 公司审核委员会与负责公司审计工作的项目负责人及注册会计师进行 了审前沟通，涉及年度审计的范围、重要节点、人员安排等相关事项。审 计期间，审核委员会与天职国际保持有效沟通，及时听取了天职国际关于 公司审计调整事项、审计报告出具情况等的汇报，并对审计发现问题提出 建议。2025 年 3 月 24 日，公司 2025 年第一次审核委员会审议通过公司 董事会审 ...

大唐发电: 大唐发电关于会计师事务所履职情况的 评估报告 大唐国际发电股份有限公司 关于会计师事务所履职情况的评估报告 大唐国际发电股份有限公司（ "大唐国际"或"公司" ）聘用天职国际 会计师事务所（特殊普通合伙）（"天职国际"）作为 2024 年度报告审 计师。根据《国有企业、上市公司选聘会计师事务所管理办法》，公司对 天职国际在 2024 年审计业务中的履职情况进行了评估。经评估，公司认 为，2024 年天职国际在资质等方面合规有效，履职能够保持独立性，勤 勉尽责，公允表达意见。具体情况如下： 一、资质条件 天职国际会计师事务所（特殊普通合伙）（以下简称"天职国际"） 创立于 1988 年 12 月，总部北京，是一家专注于审计鉴证、资本市场服务、 管理咨询、政务咨询、税务服务、法务与清算、信息技术咨询、工程咨询、 企业估值的特大型综合性咨询机构。 天职国际首席合伙人为邱靖之，注册地址为北京市海淀区车公庄西路 天职国际已取得北京市财政局颁发的执业证书，是中国首批获得证券 期货相关业务资格，获准从事特大型国有企业审计业务资格，取得金融审 计资格，取得会计司法鉴定业务资格，以及取得军工涉密业务咨询服务安 全保 ...

公司代码：601991 公司简称：大唐发电 大唐国际发电股份有限公司 大唐国际发电股份有限公司全体股东： 大唐发电: 大唐发电2024年度内部控制评价报告 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评 价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外 ...