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东方电气:东方电气股份有限公司2023年度向特定对象发行A股股票募集说明书(注册稿)

2023-08-16 11:12
A 股证券简称:东方电气 证券代码:600875 H 股证券简称:东方电气 证券代码:1072 东方电气股份有限公司 Dongfang Electric Corporation Limited (注册地址:成都市高新西区西芯大道 18 号) 2023 年度向特定对象发行 A 股股票 募集说明书 (注册稿) 保荐机构(主承销商) 广东省深圳市福田区中心三路 8 号卓越时代广场(二期)北座 二〇二三年八月 东方电气股份有限公司 募集说明书(注册稿) 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假记 载、误导性陈述或重大遗漏,并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、准确、完整。 上海证券交易所、中国证监会对本次发行所作的任何决定或意见,均不表明 其对申请文件及所披露信息的真实性、准确性、完整性作出保证,也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何 与之相反的声明均属虚假不实陈述。 根据《证券法》的规定,证券依法发行后,发行人经营与收益的变化,由发 行人自行负责,由此变化引 ...
东方电气:北京市金杜律师事务所关于东方电气股份有限公司向特定对象发行A股股票的法律意见书

2023-08-16 11:12
金杜律师事务所 KING&WCOD MALLESONS 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 邮编:100020 18th Floor, East Tower, World Financial Center 1 Dongsanhuan Zhonglu Chaoyang District Beijing, 100020 P.R. China T +86 10 5878 5588 F +86 10 5878 5566/5599 www.kwm.com 北京市金杜律师事务所 关于东方电气股份有限公司 向特定对象发行 A 股股票 的 法律意见书 二〇二三年四月 4-1-1 致:东方电气股份有限公司 北京市金杜律师事务所(以下简称本所)接受东方电气股份有限公司(以下简称发 行人)委托,担任发行人本次在中国境内向包括控股股东中国东方电气集团有限公司(以 下简称东方电气集团>在内的不超过 35 名特定对象发行不超过 272,878,203 股 A 股股 票(以下简称本次发行)的专项法律顾问。 本所根据《中华人民共和国证券法》(以下简称《证券法》)、《中华人民共和国 公司法》(以下简称《公司法》)、《上市 ...
东方电气(600875) - 2023 Q1 - 季度财报

2023-04-28 16:00
Financial Performance - Total operating income for Q1 2023 reached ¥14,717,057,814.50, an increase of 4.32% year-on-year[4] - Net profit attributable to shareholders was ¥1,019,048,037.33, reflecting a growth of 10.04% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥954,401,082.57, a significant increase of 43.94%[4] - Basic and diluted earnings per share were both ¥0.327, an increase of 10.10%[6] - The net profit for Q1 2023 was ¥1,081,476,346.18, an increase of 10.85% compared to ¥975,346,762.75 in Q1 2022[20] - The total profit for Q1 2023 was ¥1,206,423,780.70, an increase of 10.36% from ¥1,091,024,122.87 in Q1 2022[20] - The total comprehensive income attributable to the parent company's shareholders was ¥1,018,450,112.07, up from ¥926,098,425.77 in the same period last year, representing a growth of 9.93%[21] Cash Flow - The net cash flow from operating activities was -¥2,549,740,798.22, indicating a negative cash flow situation[6] - The company's cash flow from operating activities for Q1 2023 was RMB 5.123 billion, indicating strong operational performance[15] - Cash inflow from operating activities totaled ¥9,042,633,552.84, compared to ¥8,113,772,416.65 in the previous year, marking an increase of 11.43%[22] - The net cash flow from investing activities was ¥2,476,731,084.24, a significant improvement from a net outflow of ¥250,320,383.54 in Q1 2022[23] - The net cash flow from financing activities was ¥36,464,638.93, compared to ¥219,535,223.68 in the same quarter last year, indicating a decrease[23] - Net cash flow from operating activities for Q1 2023 was negative CNY 3.50 billion, a significant decline from negative CNY 1.61 billion in Q1 2022[30] - Cash inflow from operating activities totaled CNY 1.01 billion in Q1 2023, down from CNY 2.05 billion in Q1 2022, representing a decline of approximately 50.7%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥118,497,770,496.88, up 2.80% from the end of the previous year[6] - The company's total current assets as of March 31, 2023, amounted to RMB 72.026 billion, an increase from RMB 67.410 billion at the end of 2022[15] - The company’s total liabilities as of March 31, 2023, were RMB 45.123 billion, reflecting a stable financial position[15] - Total liabilities reached ¥78,774,458,869.31, up from ¥76,640,188,940.23, which is an increase of 2.8%[17] - The total assets as of March 31, 2023, were ¥40,757,448,721.13, down from ¥43,903,319,544.14 at the end of 2022[26] - The total liabilities decreased to ¥15,146,170,164.20 from ¥18,478,179,144.82 at the end of 2022[26] Investments and Orders - The company reported a significant increase in long-term equity investment income by 44.35% compared to the previous year[11] - New orders for the company reached RMB 22.615 billion in Q1 2023, representing a year-on-year increase of 26.06%, with clean and efficient energy equipment accounting for 37.58% of the total[14] - The company’s long-term equity investments reached RMB 2.527 billion as of March 31, 2023, compared to RMB 2.398 billion at the end of 2022[15] Research and Development - Research and development expenses for Q1 2023 were ¥518,969,374.40, compared to ¥454,694,464.23 in Q1 2022, indicating a growth of 14.1%[19] - Research and development expenses increased significantly to ¥71,741,765.82, up 114.4% from ¥33,419,072.42 in Q1 2022[28] Operational Performance - The company reported a total of 6.262 million kilowatts of power generation equipment output in Q1 2023, including 1.305 million kilowatts from hydropower generators, 3.846 million kilowatts from steam turbines, and 1.112 million kilowatts from wind turbines[14] - Operating income was ¥14,432,750,706.82, up from ¥13,818,651,935.10, reflecting a growth of 4.4% year-over-year[19] - Total operating costs amounted to ¥13,446,050,707.82, an increase from ¥13,180,477,745.91, representing a rise of 2.0%[19] - The company reported a decrease in financial expenses, with interest expenses dropping to ¥12,653,674.03 from ¥24,192,113.15, a reduction of 47.5%[19] - The company reported an operating profit of ¥174,373,305.47, down from ¥239,448,689.65 in Q1 2022[28] Inventory and Cash Management - Cash and cash equivalents stood at RMB 15.331 billion as of March 31, 2023, compared to RMB 15.039 billion at the end of 2022[15] - The company’s inventory increased to RMB 18.965 billion in Q1 2023, up from RMB 18.455 billion at the end of 2022[15] - The company's cash and cash equivalents were ¥4,792,121,853.12, down from ¥8,293,786,594.85 at the end of 2022[25] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 4.79 billion, compared to CNY 4.51 billion at the end of Q1 2022, indicating a net decrease of CNY 3.50 billion during the quarter[31] Market Strategy - The company plans to expand its market presence in renewable energy sectors, focusing on clean and efficient energy equipment[14] - The company has not reported any new product launches or significant market expansions during this quarter[28]
东方电气(01072) - 2023 Q1 - 季度业绩

2023-04-28 12:00
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示,概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2023年 第 一 季 度 報 告 本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 第13.09條 和 第 13.10B條及香港法例第571章證券及期貨條例第XIVA部刊發。 下文載列截至2023年3月31日止三個月(「報告期」)東方電氣股份有限公司(「公 司」或「東 方 電 氣」)及 其 附 屬 公 司 的2023年 第 一 季 度 報 告。該 報 告 所 載 的 財務報告乃根據中國企業會計準則編製,且未經審計。 ...
东方电气(01072) - 2022 - 年度财报

2023-04-28 11:18
Financial Performance - The company achieved total operating revenue of 55.353 billion yuan in 2022, representing a year-on-year growth of 15.76%[4] - The total profit for the year was 3.325 billion yuan, an increase of 24.67% compared to the previous year[4] - The net profit attributable to the parent company was 2.855 billion yuan, with a proposed cash dividend of 3.35 yuan per 10 shares, totaling 1.045 billion yuan[2] - Total operating revenue for 2022 reached RMB 55.35 billion, a 15.76% increase from RMB 47.82 billion in 2021[15] - Net profit attributable to shareholders for 2022 was RMB 2.85 billion, representing a 24.71% increase from RMB 2.29 billion in 2021[15] - The net profit after deducting non-recurring gains and losses was RMB 2.38 billion, up 35.09% from RMB 1.76 billion in 2021[15] - Basic earnings per share for 2022 increased to RMB 0.92, a 26.03% rise compared to RMB 0.73 in 2021[17] - Cash flow from operating activities for 2022 was RMB 8.41 billion, a significant recovery from a negative cash flow of RMB 4.42 billion in 2021[15] - The company’s total assets as of the end of 2022 were RMB 115.27 billion, an 11.79% increase from RMB 103.10 billion in 2021[15] - The net assets attributable to shareholders increased by 7.64% to RMB 34.98 billion from RMB 32.50 billion in 2021[15] Technological Innovation - The company completed the first domestically developed F-class 50MW heavy-duty gas turbine, showcasing significant technological innovation[4] - The company has implemented a three-year action plan for technological innovation and established a comprehensive medium- and long-term technological innovation planning system[4] - The company has developed a comprehensive high-end energy equipment manufacturing and service system, capable of producing 1 million kilowatt-level hydropower units and 1.35 million kilowatt-level ultra-supercritical thermal power units[34] - The company completed the construction of 6 digital workshops and achieved a maturity level of 3 for intelligent manufacturing at Dongfang Turbine and Dongfang Electric[27] - The company is actively engaged in digital transformation, enhancing management digitization and product intelligence, with new digital service products developed[27] - The company holds a total of 3,336 valid patents, including 1,282 invention patents, reflecting its strong technological innovation capabilities[35] Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[18] - New orders amounted to RMB 65.579 billion, a year-on-year increase of 16.29%, with clean and efficient energy equipment accounting for 33.07%[25] - The company secured orders for a 308 MW solar photovoltaic project in Azerbaijan and a 500 MW project in Uzbekistan, achieving breakthroughs in overseas markets[25] - The company is focusing on market expansion by strengthening marketing systems and increasing international market development efforts[91] - The company aims to enhance contract performance capabilities by improving core production capacity and implementing effective capacity enhancement plans[90] Environmental Responsibility - The company reported a total pollutant discharge of 85.47 tons for COD, which is below the standard limit of 500 mg/L[194] - The ammonia nitrogen discharge was recorded at 19.58 tons, also compliant with the regulatory standards[194] - The company has implemented pollution prevention measures, focusing on energy consumption and pollutant discharge reviews for fixed asset investment projects[195] - Environmental monitoring plans have been established, with third-party professional organizations conducting environmental risk assessments[198] - The company has not faced any administrative penalties due to environmental issues during the reporting period[198] - The company has a comprehensive emergency response plan for environmental incidents, ensuring readiness for sudden environmental events[197] - The company adheres to national environmental laws and holds the necessary pollutant discharge permits[196] - The company has established online monitoring equipment for environmental assessments, ensuring compliance with monitoring requirements[198] - The company has successfully maintained pollutant emissions below the set standards across various categories, including noise and sulfur dioxide[194] - The company achieved a nearly 70% share of "green electricity" by utilizing hydropower resources in Sichuan Province through direct electricity purchases[199] Corporate Governance - The company emphasizes its commitment to corporate governance, adhering to all applicable provisions of the Corporate Governance Code as per the Hong Kong Listing Rules[128] - The board of directors consists of 8 members, including 3 independent non-executive directors, and held 14 meetings during the reporting period[122] - The company has established five specialized committees within the board to enhance governance, including the Nomination Committee and the Audit and Risk Management Committee[128] - The company has arranged appropriate liability insurance for its directors to cover potential compensation liabilities[101] - The company aims to enhance transparency and shareholder returns through strict corporate governance practices[128] - The company has established a cash dividend policy, stipulating that if the net profit attributable to shareholders is positive, at least 30% of the average distributable profit over the last three years must be distributed in cash[179] Risk Management - The company is establishing a robust risk management mechanism to identify, assess, and respond to major operational risks[94] - The company actively identifies and mitigates risks through regular assessments and targeted inspections, promoting compliance and governance[176] - The company is addressing accounts receivable risks by maintaining communication with clients and exploring various cooperation methods[96] - The company is implementing cost control measures to mitigate pricing risks in a competitive market environment[97] Social Responsibility - The group made charitable donations amounting to approximately RMB 21.64 million during the year ending December 31, 2022[107] - The company maintained stable and good relationships with customers and suppliers, emphasizing talent development and corporate responsibility[102] Future Outlook - The company aims to achieve a power generation equipment output of 47.72 million kilowatts in 2023, indicating a focus on increasing production capacity[86] - The expected growth in national electricity consumption for 2023 is approximately 6%, with a total installed power generation capacity projected to reach around 2.5 million kilowatts[83] - The company plans to enhance its operational efficiency by reducing the cost-to-revenue ratio and improving net asset return rates[87] - The company is committed to advancing its green and digital transformation strategies to ensure high-quality development in 2023[85]
东方电气(600875) - 2022 Q4 - 年度财报

2023-03-31 16:00
2022 年年度报告 公司代码:600875 公司简称:东方电气 东方电气股份有限公司 2022 年年度报告 1 2022 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连带的法律责任。 二、 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | 董事长 | 俞培根 | 因公出差 | 宋致远 | | 董事 | 张继烈 | 因公出差 | 宋致远 | | 董事 | 张彦军 | 因公出差 | 刘智全 | 三、 大华会计师事务所(特殊普通合伙)为本公司出具了标准无保留意见的审计报告。 四、 公司负责人俞培根、主管会计工作负责人刘智全及会计机构负责人(会计主管人员)郑兴义 声明:保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告 ...
东方电气(01072) - 2022 - 年度业绩

2023-03-31 12:47
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示,概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 2022年 度 業 績 公 告 業 績 摘 要 • 2022年 公 司 實 現 營 業 總 收 入 為 人 民 幣553.53億 元(2021年:人 民 幣 478.19億元),較上年同期增長15.76%; • 2022年公司實現歸屬於上市公司股東淨利潤為人民幣28.55億元(2021 年:人民幣22.89億元),較同期增長24.71%; ...
东方电气(600875) - 2022 Q3 - 季度财报

2022-10-28 16:00
Financial Performance - Total operating revenue for Q3 2022 reached ¥12,637,870,628.86, an increase of 18.31% year-on-year[4] - Net profit attributable to shareholders was ¥725,894,607.78, reflecting a 40.15% increase compared to the same period last year[4] - Basic earnings per share for the quarter were ¥0.23, representing a 35.29% increase year-on-year[5] - Total revenue for the first three quarters of 2022 reached ¥40,546,880,988.52, a 21.3% increase from ¥33,419,261,401.05 in the same period of 2021[20] - Operating income for the first three quarters of 2022 was ¥39,660,516,918.76, up from ¥32,635,134,874.82 in 2021, reflecting a growth of 21.5%[20] - The net profit for the first three quarters of 2022 reached CNY 2,609,014,689.83, an increase of 31.6% compared to CNY 1,982,836,083.06 in the same period of 2021[21] - The total profit for the first three quarters of 2022 was CNY 2,922,910,752.06, up from CNY 2,251,592,322.35 in the previous year, reflecting a growth of 29.7%[21] - The basic earnings per share for the first three quarters of 2022 was CNY 0.80, compared to CNY 0.60 in the same period of 2021, indicating a 33.3% increase[22] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2022 showing a positive trend compared to the previous year[20] Cash Flow and Investments - The net cash flow from operating activities was ¥1,307,062,184.55, with a year-to-date total of ¥3,706,352,019.03[5] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 37,906,828,727.61, compared to CNY 28,676,304,863.24 in 2021, representing a growth of 32.3%[23] - Cash outflow from operating activities totaled CNY 34,200,476,708.58 in 2022, a decrease from CNY 35,621,395,482.97 in 2021, showing a reduction of 4.0%[23] - The net cash flow from investing activities for the first three quarters of 2022 was CNY -8,285,928,323.21, compared to CNY -1,413,363,207.16 in the previous year, indicating a significant increase in cash outflow[24] - The net cash flow from financing activities for the first three quarters of 2022 was -¥774,147,719.77, compared to -¥562,347,372.18 in the previous year[33] - The cash and cash equivalents at the end of the reporting period amounted to ¥5,130,774,145.65, down from ¥5,007,407,862.78 at the end of the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥113,768,345,735.90, a 10.34% increase from the previous year[5] - Total liabilities increased to ¥76,330,759,385.67 from ¥67,720,696,078.96, marking a rise of 9.4%[19] - The total current assets as of September 30, 2022, were ¥18,815,627,281.48, compared to ¥17,374,836,367.85 a year earlier, indicating a growth of about 8.3%[25] - The company's total liabilities as of September 30, 2022, were ¥17,492,222,874.38, an increase from ¥16,371,703,270.53 as of December 31, 2021, marking an increase of approximately 6.8%[26] - The total equity attributable to shareholders increased to ¥34,409,874,234.78 from ¥32,497,661,980.41, reflecting a growth of 5.9%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 84,111[10] - The top ten shareholders hold a total of 1.727 billion shares, representing 55.40% of the total shares[12] - The company has not identified any related party transactions among the top ten shareholders[14] Production and Orders - The company produced 25.6318 million kilowatts of power generation equipment in the first three quarters of 2022, including 2.695 million kilowatts of hydropower generators and 19.831 million kilowatts of steam turbines[15] - New effective orders amounted to RMB 53.822 billion in the first three quarters of 2022, with clean and efficient energy equipment accounting for 32.45% and renewable energy equipment for 27.67%[15] Research and Development - Research and development expenses for the first three quarters of 2022 were ¥1,462,964,170.76, slightly down from ¥1,526,231,439.27 in the same period of 2021, a decrease of 4.1%[20] - Research and development expenses for the first three quarters of 2022 were ¥103,689,943.92, a decrease from ¥116,342,390.42 in the same period of 2021, showing a reduction of about 10.9%[29] Other Income and Gains - The company experienced a 176.60% increase in other income, primarily due to increased debt restructuring gains[9] - The company recorded a debt restructuring gain of ¥135,649,171.95[40] - Non-operating income from government subsidies amounted to ¥35,070,579.81 for the current reporting period, totaling ¥86,624,295.09 year-to-date[40]
东方电气(01072) - 2022 Q3 - 季度财报

2022-10-28 14:12
Financial Performance - Total operating revenue for the third quarter reached RMB 12,637,870,628.86, an increase of 18.31% compared to the same period last year[3] - Net profit attributable to shareholders was RMB 725,894,607.78, reflecting a significant increase of 40.15% year-on-year[3] - The company reported a basic earnings per share of RMB 0.23, up 35.29% from the previous year[3] - The net profit attributable to the parent company increased by 33.96%, primarily due to revenue growth and corresponding increase in gross profit[8] - Total revenue for the first three quarters of 2022 reached CNY 40.55 billion, a 21.3% increase from CNY 33.42 billion in the same period of 2021[23] - Net profit attributable to shareholders for the first three quarters of 2022 was CNY 2.50 billion, compared to CNY 1.87 billion in 2021, representing a 33.9% increase[25] - The company reported a total operating profit of CNY 2.92 billion for the first three quarters of 2022, compared to CNY 2.25 billion in 2021, reflecting a growth of 29.5%[25] - Total comprehensive income for the first three quarters of 2022 reached CNY 2,680,674,518.32, a 35.4% increase from CNY 1,976,925,703.09 in the same period of 2021[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 113,768,345,735.90, representing a growth of 10.34% compared to the end of the previous year[4] - The company's total liabilities as of September 30, 2022, amounted to RMB 76.33 billion, compared to RMB 67.72 billion at the end of 2021, reflecting an increase of about 12.4%[21] - The company's non-current assets totaled RMB 43.87 billion, up from RMB 33.25 billion year-over-year, marking a growth of approximately 32%[19] - The company's equity attributable to shareholders increased to RMB 34,409,874,234.78, a rise of 5.88% from the previous year[4] - The company's equity attributable to shareholders rose to CNY 34.41 billion as of September 30, 2022, compared to CNY 32.50 billion at the end of 2021, marking a 5.9% increase[22] Cash Flow - The net cash flow from operating activities for the period was RMB 1,307,062,184.55, which is not applicable for year-on-year comparison[3] - The net cash inflow from operating activities increased by 10.651 billion yuan, mainly due to improved collection and increased deposits[9] - Cash inflows from operating activities totaled CNY 37,906,828,727.61, compared to CNY 28,676,304,863.24 in the first three quarters of 2021, marking a 32.3% increase[29] - Cash outflows from operating activities decreased to CNY 34,200,476,708.58 from CNY 35,621,395,482.97, resulting in a net cash flow from operating activities of CNY 3,706,352,019.03, a significant improvement from a net outflow of CNY 6,945,090,619.73 in 2021[30] - The company reported a net increase in customer deposits and interbank placements of CNY 2,311,506,737.79, a turnaround from a decrease of CNY 427,793,811.27 in the previous year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 84,111[10] - The top shareholder, China Eastern Electric Group Co., Ltd., holds 1,727,919,826 shares, accounting for 55.40% of the total shares[11] Operational Highlights - The company experienced a 36.48% increase in accounts receivable due to higher sales volume during the period[7] - The company’s long-term receivables increased by 103.97%, indicating a rise in installment sales[7] - The company plans to continue expanding its market presence and investing in new product development[2] - The company plans to focus on expanding its clean and efficient energy equipment segment, which has shown strong order growth[14] - The company secured new effective orders amounting to RMB 53.82 billion, with clean and efficient energy equipment accounting for 32.45%, renewable energy equipment for 27.67%, engineering and trade for 12.98%, modern manufacturing services for 13.10%, and emerging growth industries for 13.81%[14] Other Financial Metrics - Non-recurring gains and losses for the period included government subsidies amounting to RMB 35,070,579.81[5] - Other income increased by 176.60% due to an increase in debt restructuring income[8] - Investment income decreased by 41.54% due to a decline in long-term equity investment income accounted for using the equity method[8] - The cash outflow from investing activities decreased by 6.873 billion yuan, primarily due to increased net outflow from the financial company's investment in interbank certificates of deposit[9] - The financial expenses decreased by 0.90 billion yuan, mainly due to an increase in foreign exchange net income[8] - Research and development expenses for the first three quarters of 2022 were CNY 1.46 billion, slightly down from CNY 1.53 billion in the same period of 2021[24] - Other comprehensive income after tax for the first three quarters of 2022 was CNY 71.66 million, a significant improvement from a loss of CNY 5.91 million in 2021[26]
东方电气(01072) - 2022 - 中期财报

2022-09-26 08:51
Financial Performance - Total operating income for the first half of 2022 reached RMB 27.91 billion, an increase of 22.75% compared to RMB 22.74 billion in the same period of 2021[11]. - Net profit attributable to shareholders for the first half of 2022 was RMB 1.77 billion, reflecting a year-on-year growth of 31.59% from RMB 1.35 billion[11]. - Basic earnings per share for the first half of 2022 increased by 32.56% to RMB 0.57, up from RMB 0.43 in the same period last year[13]. - The company reported a total of RMB 336 million in non-recurring gains and losses for the first half of 2022, including government subsidies and asset disposal gains[16]. - The weighted average return on equity for the first half of 2022 was 5.38%, an increase of 1.11 percentage points from 4.27% in the same period last year[13]. - The net profit after deducting non-recurring gains and losses was RMB 1.44 billion, up 17.14% year-on-year[32]. - The total comprehensive income amounted to RMB 1.90 billion, an increase of 32.8% from RMB 1.43 billion last year[171]. Assets and Liabilities - The company's total assets as of June 30, 2022, amounted to RMB 109.90 billion, representing a 6.59% increase from RMB 103.10 billion at the end of 2021[12]. - The company's net assets attributable to shareholders increased by 3.53% to RMB 33.64 billion as of June 30, 2022, compared to RMB 32.50 billion at the end of 2021[12]. - Total liabilities increased to RMB 73.25 billion, up from RMB 67.72 billion year-over-year, representing an 8.3% increase[166]. - Current liabilities totaled RMB 63.14 billion, compared to RMB 57.98 billion in the previous year, reflecting an increase of 8.5%[166]. - The total equity attributable to shareholders rose to RMB 33.64 billion, up from RMB 32.50 billion, reflecting a 3.5% increase[166]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was RMB 2.40 billion, a significant recovery from a negative cash flow of RMB 4.66 billion in the same period of 2021[11]. - The net cash flow from operating activities increased by RMB 7.06 billion year-on-year, driven by improved collection and increased deposits[43]. - Cash and cash equivalents decreased by 29.30% compared to the end of the previous year, totaling RMB 13,235,457,588.96[54]. - The net increase in cash and cash equivalents for the first half of 2022 was -735,661,662.78 RMB, compared to -605,535,977.70 RMB in the same period last year, showing a worsening of about 21.5%[174]. Revenue Breakdown - The company’s clean and efficient power generation equipment accounted for 30.58% of total revenue, while renewable energy equipment made up 29.20%[24]. - Renewable energy equipment revenue grew by 3.52% year-on-year, with wind power product revenue increasing by 7.71%[47]. - Engineering and trade revenue rose by 73.71% year-on-year, primarily due to increased trade income[49]. - Emerging growth industries revenue increased by 18.42% year-on-year, mainly from environmental and energy-saving products[50]. Market and Strategic Initiatives - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[6]. - The management highlighted the importance of increasing sales revenue and gross profit as key factors for the improved net profit performance[14]. - The company is advancing its digital transformation and enhancing management efficiency through various mechanisms[30]. - The company aims to enhance technological innovation and market expansion to achieve high-quality completion of annual targets under the "dual carbon" goals[85]. Employee and Shareholder Information - As of June 30, 2022, the total number of employees was 17,764, with total employee compensation amounting to RMB 1,171.05 million during the reporting period[95]. - The company approved a cash dividend of RMB 2.30 per 10 shares, totaling RMB 717,325,793.31 (pre-tax) for the fiscal year 2021[91]. - The total number of ordinary shares is 3,119,001,130, with a decrease of 150,000 shares during the reporting period[126]. Risk Management - The company faces market competition risks due to the energy equipment industry's transformation, emphasizing the need for comprehensive energy solutions and resource acquisition[78]. - The company is actively addressing risks related to international operations and supply chain stability due to ongoing global uncertainties[81]. - The company plans to strengthen due diligence processes for mergers and acquisitions to mitigate investment risks in new industries[81]. Financial Reporting and Compliance - 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[184]. - The company’s financial reporting period aligns with the calendar year, from January 1 to December 31[185]. - The company adopts RMB as its functional currency for accounting purposes[186].