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 ...

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%； ...

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]

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]

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].

Financial Performance - Total operating revenue 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 last year[13]. - Net profit attributable to shareholders was RMB 1.77 billion, representing a year-on-year growth of 31.59% from RMB 1.35 billion[13]. - Basic earnings per share increased by 32.56% to RMB 0.57, up from RMB 0.43 in the previous year[14]. - The net cash flow from operating activities was RMB 2.40 billion, a significant recovery from a negative cash flow of RMB 4.66 billion in the same period last year[13]. - Total assets at the end of the reporting period amounted to RMB 109.90 billion, reflecting a 6.59% increase from RMB 103.10 billion at the end of the previous year[13]. - The net assets attributable to shareholders increased by 3.53% to RMB 33.64 billion, compared to RMB 32.50 billion at the end of the previous year[13]. - The company reported a total of RMB 336.02 million in non-recurring gains and losses, with significant contributions from asset disposals and government subsidies[16]. - The weighted average return on net assets rose to 5.38%, an increase of 1.11 percentage points from 4.27% in the previous year[14]. Revenue and Orders - The company secured new effective orders amounting to CNY 36.66 billion during the reporting period[20]. - Clean and efficient power generation equipment accounted for 30.58% of total revenue, while renewable energy equipment represented 29.20%[20]. - Revenue increased by 23.00% year-on-year, driven by growth in thermal power, engineering contracting, international trade, and wind power sectors[25]. Research and Development - The company’s R&D expenses amounted to CNY 945.28 million, a decrease of 8.59% from the previous year[24]. - The company’s hydrogen fuel cell buses have cumulatively operated over 14 million kilometers, demonstrating advanced performance indicators domestically[18]. Cash Flow and Investments - Operating cash flow net increased by 70.62 million, attributed to improved collection and increased deposits[25]. - Investment cash flow net decreased by 12.455 billion, mainly due to increased net outflow from financial company investments in interbank certificates[25]. - The company’s long-term equity investments balance was 2.282 billion yuan, with a significant investment of 450 million yuan in the Eastern Electric (Chengdu) Innovation Technology Development Co., Ltd. for the establishment of an innovation and overseas business center[32]. Environmental Compliance - The company reported that its COD emissions were 41.59 tons, well below the standard limit of 500 mg/L, indicating compliance with environmental regulations[46]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[52]. - The company has implemented a self-monitoring plan for key pollutant discharge units, ensuring regular monitoring and timely publication of results[51]. Shareholder Information - A total of 908,223 restricted shares were released from restrictions on January 10, 2022, as part of the 2019 A-share incentive plan[43]. - The company repurchased and canceled 150,000 restricted shares from five individuals who no longer met the incentive criteria on March 10, 2022[43]. - The total number of shareholders at the end of the reporting period was 123,502[83]. Corporate Governance and Compliance - The company has not reported any significant risks or non-compliance issues during the reporting period[4]. - The company is committed to enhancing due diligence processes for mergers and acquisitions to ensure that risks are comprehensively identified and managed[36]. - The company has no significant litigation or arbitration matters during the reporting period[63]. Social Responsibility - The company invested a total of 9.65 million yuan in direct assistance to poverty alleviation efforts in targeted areas during the first half of 2022[54]. - The company facilitated the introduction of 1.146 million yuan in assistance funds and organized training for 124 individuals, contributing to local employment[54]. - The company has established a carbon peak and carbon neutrality action plan, integrating energy consumption and carbon emission intensity indicators into performance assessments[54]. Financial Position - Total liabilities increased to RMB 73.25 billion, up from RMB 67.72 billion year-over-year, representing an increase of approximately 7.4%[93]. - The company's cash and cash equivalents decreased to RMB 5.50 billion from RMB 6.24 billion, a decline of approximately 11.8%[95]. - The total equity of the company increased to RMB 25,430,050,568.59, up from RMB 24,935,366,561.59, reflecting a growth of 2%[96]. Accounting Policies - The financial statements were prepared based on the going concern assumption, indicating the company's expectation of continued operations[109]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the accuracy and completeness of its financial reporting[111]. - The company recognizes revenue when the customer obtains control of the related assets, either at a point in time or over time, depending on the contract terms[181].

Financial Performance - Total operating revenue for Q1 2022 reached ¥14,107,148,546.27, an increase of 29.77% year-on-year[4] - Net profit attributable to shareholders was ¥926,080,213.76, reflecting a growth of 46.31% compared to the same period last year[4] - Basic earnings per share for the quarter stood at ¥0.297, up 46.31% year-on-year[6] - Operating income grew by 30.10%, driven by a 39.88% increase in revenue from the wind power sector[9] - The total profit for the period was 10.91 billion RMB, up 49.99% year-on-year, mainly attributed to revenue growth[10] - The company reported a significant increase in cash inflow from operating activities, with a net cash outflow of 3.596 billion RMB, a decrease of 1.19 billion RMB compared to the same period last year[10] - The company reported a total profit of ¥1.09 billion for Q1 2022, compared to ¥727.42 million in Q1 2021, marking a 50% increase[20] - The net profit attributable to shareholders for Q1 2022 was 9.26 billion RMB, reflecting a year-on-year growth of 46.31% due to increased revenue and gross profit[42] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥103,655,868,894.89, a slight increase of 0.53% from the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to approximately ¥103.66 billion, an increase from ¥103.10 billion at the end of 2021, reflecting a growth of about 0.54%[16] - The company's total liabilities decreased to approximately ¥67.16 billion from ¥67.72 billion, a reduction of about 0.82%[17] - The equity attributable to shareholders rose to approximately ¥33.54 billion, compared to ¥32.50 billion, marking an increase of about 3.2%[17] - The company's current assets totaled approximately ¥69.92 billion, slightly up from ¥69.85 billion year-over-year, indicating a marginal increase of 0.09%[16] - The company's cash and cash equivalents decreased to approximately ¥15.23 billion from ¥18.72 billion, a decline of about 18.3%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥3,596,336,427.66, indicating a significant change from the previous period[6] - The company reported a net cash outflow from operating activities of 3.596 billion RMB, a decrease of 1.19 billion RMB compared to the same period last year, with cash inflows from sales increasing by 16.62%[42] - The company’s cash flow from operating activities for Q1 2022 was a net outflow of CNY 1,614,097,543.09, worsening from a net outflow of CNY 794,213,950.93 in Q1 2021[31] - The company reported a significant increase in financing cash inflow, with a net inflow of 220 million RMB, up 883.16% year-on-year, mainly due to external investments in its subsidiary[10] Receivables and Borrowings - Accounts receivable increased by 31.70% due to expanded sales scale, reaching a balance of ¥10,518,000,000[9] - The company's long-term receivables at the end of the period were 753 million RMB, an increase of 36.32% from the beginning of the year, mainly due to increased installment sales[10] - The company's short-term borrowings rose to 62 million RMB, a 47.81% increase from the beginning of the year, primarily for operational needs of subsidiaries[10] - The company's long-term borrowings were reported at approximately ¥1.55 billion, slightly down from ¥1.57 billion, indicating a decrease of about 0.8%[17] Research and Development - Research and development expenses for Q1 2022 were ¥454.69 million, down 17.5% from ¥550.95 million in Q1 2021[19] - The company's R&D expenses for Q1 2022 were CNY 33,419,072.42, a decrease from CNY 38,078,031.51 in Q1 2021[28] Market and Orders - New orders for the company reached 17.94 billion RMB in Q1 2022, representing a 14.7% increase compared to the same period last year[13] - The company plans to continue expanding its market presence and developing new technologies to sustain growth[9] Other Financial Metrics - The weighted average return on net assets increased by 0.78 percentage points to 2.81%[6] - The weighted average return on equity for the period was 2.81%, an increase of 0.78 percentage points year-on-year[10] - Non-recurring gains included a debt restructuring gain of ¥136,000,000, contributing to overall profit growth[9] - The company's financial expenses for the period were -0.07 billion RMB, showing a year-on-year increase of 0.35 billion RMB, primarily due to increased cash discounts[42]

Financial Performance - Total operating revenue for the first quarter reached RMB 14,107,148,546.27, an increase of 29.77% year-on-year[3] - Net profit attributable to shareholders was RMB 926,080,213.76, reflecting a growth of 46.31% compared to the same period last year[3] - Basic earnings per share increased to RMB 0.297, marking a 46.31% rise year-on-year[3] - Operating income rose to RMB 13,818,651,935.10, up 30.10% from the previous year, driven by a 39.88% increase in revenue from the wind power sector[8] - Operating profit increased by 53.06% to 1.105 billion CNY, driven by revenue growth and increased gross profit[12] - Net profit rose by 42.46% to 975 million CNY, attributed to revenue growth and increased gross profit[12] - Revenue reached 13.819 billion CNY, a year-on-year increase of 30.10%, primarily due to a 39.88% increase in the wind power segment[10] - Total revenue for Q1 2022 reached RMB 14.11 billion, a 29.0% increase from RMB 10.87 billion in Q1 2021[26] - Operating income for Q1 2022 was RMB 13.82 billion, up 30.6% from RMB 10.62 billion in Q1 2021[26] - Total operating costs in Q1 2022 amounted to RMB 13.18 billion, representing a 29.2% increase compared to RMB 10.22 billion in Q1 2021[26] - Net profit for Q1 2022 was RMB 1.09 billion, a significant increase from RMB 727.42 million in Q1 2021[27] - Net profit for Q1 2022 reached ¥975,346,762.75, a 42.5% increase from ¥684,667,261.02 in Q1 2021[28] - Net profit attributable to shareholders of the parent company was ¥926,080,213.76, up 46.3% from ¥632,953,003.56 in the same period last year[28] - Total comprehensive income for Q1 2022 was ¥975,295,345.34, compared to ¥689,101,002.42 in Q1 2021, reflecting a growth of 41.6%[29] - Basic and diluted earnings per share for Q1 2022 were both ¥0.297, an increase from ¥0.203 in Q1 2021[30] Cash Flow - Cash flow from operating activities showed a net outflow of RMB 3,596,336,427.66, which is not applicable for year-on-year comparison[3] - Cash flow from operating activities showed a net outflow of 3.596 billion CNY, a decrease of 1.19 billion CNY compared to the previous year, with cash inflow from sales increasing by 16.62%[12] - Cash flow from financing activities increased by 883.16% to a net inflow of 220 million CNY, mainly due to external investment of 211 million CNY in a subsidiary[13] - Cash inflow from operating activities totaled ¥8,113,772,416.65, up from ¥7,135,678,758.54 in the previous year[31] - Cash outflow for purchasing goods and services was ¥9,145,465,804.63, compared to ¥8,983,007,704.11 in Q1 2021[31] - The net cash flow from operating activities was ¥11,710,108,844.31, compared to ¥10,850,618,268.55 in Q1 2021[32] - The net increase in cash from customer deposits and interbank placements was ¥7,821,682,586.32, up from ¥6,707,082,701.20 in Q1 2021[31] - In Q1 2022, the net cash flow from investing activities was -$250.32 million, a significant decrease from $1.60 billion in Q1 2021[33] - Cash inflow from financing activities totaled $241.26 million in Q1 2022, compared to $42.72 million in Q1 2021, indicating a substantial increase[33] - The net cash flow from financing activities was $219.54 million in Q1 2022, up from $22.33 million in Q1 2021[33] - The net increase in cash and cash equivalents for Q1 2022 was -$3.64 billion, worsening from -$2.08 billion in Q1 2021[34] - The ending balance of cash and cash equivalents as of Q1 2022 was $12.69 billion, down from $22.19 billion in Q1 2021[34] - Cash received from investments in subsidiaries was $221.26 million in Q1 2022, compared to $36.50 million in Q1 2021[33] - Cash received from borrowings increased to $20 million in Q1 2022 from $6.22 million in Q1 2021[33] - Cash outflow for debt repayment was $9.60 million in Q1 2022, slightly down from $12.18 million in Q1 2021[33] - The impact of exchange rate changes on cash and cash equivalents was -$9.48 million in Q1 2022, contrasting with a positive impact of $13.60 million in Q1 2021[33] - The cash and cash equivalents at the beginning of Q1 2022 were $16.32 billion, down from $24.28 billion at the beginning of Q1 2021[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 103,655,868,894.89, a slight increase of 0.53% from the previous year[3] - The company's equity attributable to shareholders increased to RMB 33,542,717,982.94, up 3.22% from the end of the previous year[3] - Accounts receivable increased by 31.70%, attributed to expanded sales scale[8] - Short-term borrowings rose by 47.81%, reflecting new borrowings of RMB 20 million needed for subsidiary operations[8] - Accounts receivable at the end of the period amounted to 10.518 billion CNY, up 31.70% from the beginning of the year, driven by expanded sales[10] - Long-term receivables increased by 36.32% to 753 million CNY, mainly due to installment sales[10] - The company's total liabilities as of March 31, 2022, were RMB 67.16 billion, a slight decrease from RMB 67.72 billion at the end of 2021[24] - Total equity attributable to shareholders increased to RMB 33.54 billion as of March 31, 2022, compared to RMB 32.50 billion at the end of 2021[25] - The company holds a significant amount of financial assets, including RMB 12.92 billion in debt investments as of March 31, 2022[22] - The company’s inventory increased to RMB 19.42 billion from RMB 19.06 billion at the end of 2021[21] - The company reported a decrease in contract liabilities to RMB 27.69 billion as of March 31, 2022, from RMB 30.40 billion at the end of 2021[23] - Short-term borrowings increased to RMB 61.83 million as of March 31, 2022, compared to RMB 41.83 million at the end of 2021[23] Other Information - Non-recurring gains and losses amounted to RMB 263,028,126.97, with significant contributions from debt restructuring gains of RMB 135,649,171.95[4] - Other income rose by 357.24% to 150 million CNY, primarily from debt restructuring gains of 136 million CNY[11] - The weighted average return on net assets increased by 0.78 percentage points to 2.81%, driven by revenue growth and increased gross profit[14] - The company reported new orders of RMB 17.94 billion in Q1 2022, representing a year-over-year increase of 14.7%[18] - As of March 31, 2022, total current assets amounted to RMB 69.92 billion, slightly up from RMB 69.85 billion at the end of 2021[21] - The company has ongoing strategies for market expansion and product development, although specific details were not provided in the extracted content[18] - Research and development expenses for Q1 2022 were RMB 454.69 million, down from RMB 550.95 million in Q1 2021[26] - The company has not identified any related party relationships or concerted actions among the top 10 shareholders[16]

Financial Performance - In 2021, Dongfang Electric achieved total operating revenue of RMB 47.819 billion, a year-on-year increase of 28.26%, marking a historical high[19]. - The total profit for the year was RMB 2.667 billion, reflecting a year-on-year growth of 29.02%[19]. - The net profit attributable to the parent company was RMB 2.289 billion, with a proposed cash dividend of RMB 2.30 per 10 shares, totaling RMB 717.37 million[19]. - Total operating revenue for 2021 reached ¥47.82 billion, an increase of 28.26% compared to ¥37.28 billion in 2020[30]. - Net profit attributable to shareholders was ¥2.29 billion, up 22.93% from ¥1.86 billion in 2020[30]. - Basic earnings per share increased by 21.67% to ¥0.73, compared to ¥0.60 in 2020[31]. - The net cash flow from operating activities showed a net outflow of ¥4.42 billion, worsening from a net outflow of ¥2.75 billion in 2020[30]. - The company's total assets increased by 5.43% to ¥103.10 billion from ¥97.80 billion in 2020[30]. - The weighted average return on net assets rose to 7.20%, an increase of 1.01 percentage points from 6.19% in 2020[31]. - The net profit after deducting non-recurring gains and losses was ¥1.76 billion, a 15.31% increase from ¥1.53 billion in 2020[30]. Operational Highlights - Significant projects included the successful operation of the Baihetan hydropower unit and the Longshan pumped storage unit, both achieving excellent performance metrics[19]. - The company reported a total of RMB 526.062 million in non-recurring gains and losses for 2021, compared to RMB 333.085 million in 2020[37]. - The company secured new orders worth RMB 56.392 billion in 2021, representing a year-on-year growth of 14.15%, with clean and efficient energy equipment accounting for 25.81% of new orders[41]. - The wind power sector's revenue share increased to 26.4%, while coal power's revenue share fell below 20%[44]. - The company maintained zero major risk events and quality issues throughout the year, ranking first in reliability among domestic thermal power units[48]. Research and Development - Research and development expenses amounted to RMB 2.722 billion, constituting 5.69% of operating revenue, with significant achievements in core technology innovations[42]. - The company has established innovation alliances with over 70 domestic enterprises to enhance technological innovation capabilities[42]. - The company invested CNY 2.722 billion in R&D in 2021, accounting for 5.82% of its revenue, and obtained 401 authorized patents during the year[55]. - The company has developed a complete hydrogen energy integration solution, including a 100kW hydrogen fuel cell system, and has operated hydrogen fuel buses for nearly 10 million kilometers[53]. - The company is committed to strengthening R&D investment and accelerating breakthroughs in key core technologies, with a three-year action plan for technological innovation[112]. Governance and Compliance - The company has implemented comprehensive governance reforms, enhancing internal management and risk control systems[19]. - The company has established a comprehensive governance structure, including various committees to ensure effective oversight and compliance with regulations[153]. - The financial report for 2021 was audited by Dahua Certified Public Accountants, confirming that it accurately reflects the company's financial status and operational results[144]. - The supervisory board found that related party transactions were conducted fairly and transparently, with no harm to the interests of the company or its shareholders[145]. - The company has complied with significant laws and regulations, including the Company Law and Securities Law, during the reporting period[133]. Market and Strategic Outlook - The forecast for national electricity consumption growth in 2022 is between 5% to 6%, with an expected new installed capacity of approximately 230 million kilowatts[104]. - By the end of 2022, the total installed power generation capacity is projected to reach around 2.6 billion kilowatts, a year-on-year increase of about 9%[104]. - The company is focusing on green and low-carbon development, with an emphasis on renewable energy sources such as wind and solar power[104]. - The company aims to address the "bottleneck" issues in the energy sector through technological innovation and upgrades in coal power utilization[104]. - The company anticipates intensified market competition in the energy equipment industry due to the national energy "14th Five-Year Plan," necessitating improved cost control and product competitiveness[124]. Social Responsibility - The company donated approximately RMB 27.277 million for charitable purposes during the reporting period[133]. - The company has maintained stable and good relationships with customers and suppliers, emphasizing talent management and employee training[129].

Financial Performance - In 2021, Dongfang Electric achieved a total operating revenue of 47.819 billion yuan, representing a year-on-year increase of 28.26%[9]. - The net profit attributable to the parent company was 2.289 billion yuan, with a net profit of 1.141 billion yuan for the parent company, marking a significant growth[4]. - The company reported a total profit of 2.667 billion yuan, reflecting a year-on-year growth of 29.02%[9]. - The total revenue for 2021 was approximately ¥47.82 billion, representing a 28.26% increase from ¥37.28 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥2.29 billion, a growth of 22.93% compared to ¥1.86 billion in 2020[19]. - The basic earnings per share for 2021 increased by 21.67% to ¥0.73 from ¥0.60 in 2020[18]. - The company achieved total operating revenue of 47.819 billion RMB in 2021, a year-on-year increase of 28.26%, and a net profit attributable to shareholders of 2.289 billion RMB, up 22.93% year-on-year[26]. - The company reported a net profit of approximately ¥637 million in Q1 2021, with a total revenue of approximately ¥10.62 billion for the same quarter[21]. - The company’s net assets attributable to shareholders increased by 5.14% to approximately ¥32.50 billion at the end of 2021[17]. - The diluted earnings per share for 2021 also stood at ¥0.73, reflecting the same growth rate as the basic earnings per share[18]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 2.3 yuan per 10 shares, totaling 717.37 million yuan[4]. - The company has implemented a cash dividend policy, distributing at least 30% of the average distributable profit over the last three years when the net profit is positive[122]. - The company reported a net profit attributable to shareholders of 2,289,036,817.45 yuan for the year 2021, with a proposed cash dividend of 2.3 yuan per 10 shares, totaling 717,370,259.90 yuan[122]. Research and Development - R&D expenditure reached 2.722 billion RMB, constituting 5.82% of total revenue, with significant achievements in core technology and multiple awards received[28]. - Research and development expenses amounted to 2.72 billion RMB, representing 5.82% of total revenue in 2021[37]. - The number of R&D personnel was 4,122, representing 24.29% of the total workforce[66]. - The company is investing 500 million yuan in R&D for new technologies, focusing on sustainable energy solutions[101]. - The company is investing heavily in R&D, allocating 5% of total revenue to innovation and technology advancements[103]. Market Expansion and Strategy - New orders amounted to 56.392 billion RMB, representing a 14.15% increase year-on-year, with clean and efficient energy equipment accounting for 25.81% and renewable energy equipment for 29.40% of the new orders[27]. - The wind power sector's revenue share increased to 26.4%, while coal power's revenue share fell below 20%, indicating a strategic shift towards renewable energy[29]. - The company operates in 35 countries with 55 overseas marketing institutions, demonstrating strong international market expansion capabilities[41]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish three new operational facilities by the end of 2023[103]. - A strategic acquisition of a local competitor is in progress, which is projected to increase market share by 10%[103]. Risk Management and Compliance - The company emphasized the importance of risk management and compliance, enhancing its internal control systems[9]. - The company maintained zero major risk events and quality issues throughout the year, ranking first in reliability among domestic thermal power units[32]. - The company is focused on enhancing risk management capabilities, particularly in environmental protection and quality management[89]. - The company has implemented a strict internal control system, establishing 24 new or revised regulations to enhance risk management and compliance[127]. - The company has emphasized the integration of risk control with strategic goals, focusing on major risk prevention[117]. Corporate Governance - The company has established a robust governance structure, adhering to relevant laws and regulations, ensuring effective checks and balances among its board, supervisory board, and management[93]. - The board consists of 6 members, including 3 independent non-executive directors, and has held 11 meetings during the reporting period[94]. - The company has a structured approach to governance, ensuring that the relationships with the controlling shareholder are managed properly[107]. - The company emphasizes the importance of maintaining a robust corporate governance mechanism to protect shareholder interests and enhance corporate value[131]. - The company has established several specialized committees, including the Audit and Review Committee and the Strategic Development Committee, to enhance governance[112]. Environmental Commitment - The proportion of "zero-carbon" power generation equipment in the manufacturing sector exceeded 60%[9]. - The company has implemented a carbon management survey to support the green transformation of its power equipment products[157]. - The company is committed to accelerating the development of renewable energy industries, including hydropower, wind power, and nuclear power[157]. - The company has not faced any significant environmental violations or penalties during the reporting period[155]. - The company has developed a green workshop evaluation standard to promote sustainable practices within its operations[157]. Social Responsibility - The company invested 26.5 million yuan in targeted poverty alleviation efforts in 2021, including 50,400 yuan in additional funding and the transfer of 60 jobs[159]. - The company contributed to the construction of a medical rescue vehicle for Rantang County to enhance local healthcare capabilities[160]. - The company has established a special scholarship fund of 100,000 RMB to support 100 outstanding impoverished students, providing each with 1,000 RMB annually[162]. - The company has helped establish a children's theme park in Jichang Town, expected to generate over 500,000 yuan annually for the village collective[161]. - The company supported the establishment of a poverty prevention fund in Zhaojue County to monitor and prevent potential poverty risks[160]. Financial Management - The company’s total assets at the end of 2021 were approximately ¥103.10 billion, a 5.43% increase from ¥97.80 billion at the end of 2020[17]. - The company’s cash and cash equivalents decreased by 29.84% year-on-year, totaling ¥18.72 billion at year-end, primarily due to normal operational activities of the financial company managing centralized funds[70]. - The company has a maximum daily deposit limit of 10,000,000,000.00 RMB across various entities[187]. - The total amount of credit business was 200,000.00 million RMB, with actual occurrences amounting to 14.40 million RMB[190]. - The company has no major litigation or arbitration matters during the reporting period[176].