Core Insights - Nanchong City is focusing on an "industrial city" strategy, innovatively constructing a "3+2+3" modern industrial system to promote industrial agglomeration and development through a "chain leader system" and direct management by county (city, district) leaders [1][4][15] - The city is upgrading its traditional pillar industries, including automotive parts, chemical textiles, and food medicine, while also fostering high-growth industries like electronic information and high-end equipment manufacturing [1][4][16] - Nanchong is strategically positioning itself in emerging sectors such as low-altitude economy, hydrogen energy, and artificial intelligence, with 38 key projects signed in 2024 [1][4][16] Industry Overview - The concept of "new quality productive forces" was introduced by President Xi Jinping, emphasizing innovation as the main driving force for economic growth, characterized by high technology, efficiency, and quality [2][3][11] - This new productive force is seen as a crucial engine for high-quality economic development and a key support for building a modern industrial system [3][11] Economic Performance - Nanchong's GDP reached 286.17 billion yuan in 2024, with a year-on-year growth of 5.1%, surpassing the provincial average [4][5] - The industrial output value increased by 3.5% to 48.58 billion yuan, contributing 12.4% to GDP growth [7][9] Industrial Structure - The primary industry added value was 47.1 billion yuan (up 2.6%), the secondary industry 77.85 billion yuan (up 3.4%), and the tertiary industry 161.22 billion yuan (up 6.8%), indicating a more rational industrial structure [5][9] - The city has established eight industrial chain special classes to implement targeted strategies for traditional and emerging industries [7][9] Policy Framework - Nanchong has launched a series of policies to stabilize growth, including 13 measures for economic stability and 18 for manufacturing [4][11] - The city has received 2.77 billion yuan in project funding, ranking third in the province, to support key industrialization and technological transformation projects [7][11] Modern Industrial System - The "3+2+3" modern industrial system includes three pillar industries (automotive parts, chemical textiles, food medicine), two growth industries (electronic information, high-end equipment manufacturing), and three emerging sectors (low-altitude economy, hydrogen energy, artificial intelligence) [15][16] - Nanchong is focusing on high-end, green, and intelligent development directions for its pillar industries, with significant investments in projects like the 33 billion yuan Yongying New Materials project [15][16] Future Development Trends - Traditional industries will undergo intelligent upgrades, while emerging industries will expand in scale [26][28] - New sectors will be ecologically cultivated, with a focus on low-altitude economy, hydrogen energy, and artificial intelligence [29][30] - The city aims to promote a green, low-carbon circular economy, supporting the development of new energy commercial vehicles and hydrogen fuel cell vehicles [30]

四川能投发展股份有限公司(以下简称"四川能投发展")于2011年9月29日在四川成都依法设立,注册资本 10.74亿元,2018年12月在香港联交所主板上市,股份代号01713,成为国内配售电行业首家H股上市公司。 四川能投发展是一家服务于四川省宜宾市的垂直综合电力供应商和服务供应商,拥有"发配售"一体化的 电力服务模式。公司现有6家县级供电公司、2家发电公司、2家综合能源服务公司和1家电力工程建设公 司。目前从事的主要业务包括:供电、发电、电力配售、工程建设服务、新能源、电力增值服务等相关 业务。截至2023年12月31日,公司总资产63.25亿元,净资产34.04亿元。面向未来,四川能投发展将积极参 与中国电力行业改革,延伸行业服务链;寻求收购机遇,继续扩大市场份额;完善电网结构,着力提高信息化 水平;加强成本管控,持续提升盈利能力;聚焦多元发展,打造优势互补的产业格局,致力打造国际一流的现 代综合能源服务上市公司,为全体股东创造更高、更好的投资回报! 资金流向方面，当日主力流入72.616万港元，流出18.638万港元，净流入53.98万港元。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作 ...

Financial Performance - Sichuan Energy Investment Development Co., Ltd. reported a revenue increase of 15% year-over-year, reaching RMB 5.2 billion in 2024[2]. - The company achieved a net profit of RMB 1.1 billion, representing a growth of 20% compared to the previous year[2]. - The company achieved a total revenue of approximately RMB 4.776 billion, representing a year-on-year growth of 14.8%[13]. - The total profit reached approximately RMB 467 million, with a year-on-year increase of 14.1%[13]. - The company achieved total revenue of RMB 4,775.6 million in 2024, representing a year-on-year increase of approximately 14.8%[27]. - The total profit for the year was RMB 466.8 million, reflecting a growth of about 14.1% compared to the previous year[27]. - Net profit reached RMB 401.2 million, marking a year-on-year increase of approximately 17.3%, with net profit attributable to equity shareholders of the company at RMB 400.0 million, up about 18.0%[27]. - Total operating revenue increased by approximately 14.5% from RMB 4,151.8 million in 2023 to RMB 4,755.4 million in 2024, primarily driven by growth in general power supply business[41]. - Revenue from general power supply business rose by approximately 19.9% from RMB 3,323.0 million in 2023 to RMB 3,985.1 million in 2024, accounting for about 83.8% of total operating revenue[42]. User Growth and Market Expansion - User data indicates a 25% increase in active users, totaling 1.5 million by the end of 2024[2]. - Sichuan Energy plans to expand its market presence in the southwestern region of China, targeting a 10% market share increase by 2026[2]. - The company is optimistic about further development in electricity sales, distribution, and comprehensive energy services due to regional economic growth initiatives[26]. Investment and Development - The company has set a revenue target of RMB 6 billion for 2025, reflecting an ambitious growth strategy[2]. - New product development includes the launch of a smart energy management system, expected to enhance operational efficiency by 30%[2]. - Investment in automation projects is projected to exceed RMB 500 million over the next two years, aimed at improving service delivery[2]. - The company plans to invest approximately RMB 1,467 million in 2025, including RMB 489.5 million for infrastructure investment and RMB 423.9 million for fixed asset upgrades[79]. Research and Innovation - The company has planned 15 technology innovation projects, with 1 invention patent authorized and 4 projects rewarded by the Energy Investment Group, indicating a steady improvement in core competitiveness and innovation drive[15]. - The company invested RMB 2,121 million in R&D, a significant increase of 324.2% compared to 2023, and received recognition for four innovation projects[35]. Safety and Compliance - A total of RMB 706 million was invested in safety production measures, addressing 3,843 safety hazards without any major safety incidents occurring throughout the year[39]. - The company is committed to improving safety production measures and emergency response capabilities, implementing a full lifecycle safety management system[87]. - The company reported no environmental pollution incidents during the reporting period and complied with all relevant environmental regulations[165]. - All operational power stations under the company's control met domestic safety production regulations without any fines or prosecutions during the reporting period[166]. Corporate Governance - The company emphasizes high corporate governance standards to enhance shareholder value and improve overall performance[191]. - The internal governance structure includes a general meeting of shareholders, a board of directors, specialized committees, a supervisory board, and senior management, ensuring effective governance[192]. - The company has adopted corporate governance codes and has complied with all relevant provisions during the reporting period[193]. - All directors and supervisors have adhered to the standard codes of conduct, with no violations reported[194]. Shareholder Engagement - The company held a total of 1 annual general meeting and 3 extraordinary general meetings for the year ending December 31, 2024[199]. - The first extraordinary general meeting on March 19, 2024, had 1,005,884,791 shares represented, accounting for 93.63% of the total[199]. - The annual general meeting on June 13, 2024, had 910,069,292 shares represented, which is 84.71% of the total[199]. - Shareholders holding more than 3% of the company's shares have the right to propose temporary motions 10 days prior to the meeting[200]. Financial Position - The total assets of the company amounted to RMB 7,361.6 million, an increase from RMB 6,324.8 million in 2023[23]. - The company’s total liabilities increased to RMB 3,676.4 million in 2024 from RMB 2,921.0 million in 2023[23]. - Cash and cash equivalents increased to approximately RMB 553.9 million as of December 31, 2024, from approximately RMB 490.2 million as of December 31, 2023, primarily due to adjustments in settlement cycles[65]. - The capital-to-debt ratio was approximately 18.8% as of December 31, 2024, down from approximately 19.3% as of December 31, 2023[67]. Related Party Transactions - The company engaged in related transactions with its controlling shareholders, with the total consideration exceeding HKD 3,000,000 but the applicable percentage rates being less than 5%[121]. - The company is exempt from compliance with the requirements of Chapter 14A of the Listing Rules regarding circulars and independent shareholder approval for certain related transactions[121]. - The company has confirmed no other changes in the information of directors, supervisors, and senior management that need to be disclosed under the Listing Rules during the reporting period[120]. Risk Management - The company faces risks related to the new electricity pricing system, which may impact profitability due to changes in the pricing model for industrial users[172]. - The company is transitioning from a traditional power enterprise to a comprehensive energy service provider, facing challenges in achieving expected economic benefits from integrated energy projects[173]. - The company is increasingly reliant on the upper-level power grid for electricity supply, which may affect its power supply assurance capabilities[173].

Financial Performance - Total operating revenue for the year ended December 31, 2024, was RMB 4,775,571,527.88, representing an increase of 14.8% compared to RMB 4,160,192,577.95 in 2023[5] - Net profit for the year ended December 31, 2024, reached RMB 401,248,216.33, up 17.3% from RMB 342,000,155.59 in 2023[7] - Basic and diluted earnings per share increased to RMB 0.37 from RMB 0.32, reflecting a growth of 15.6%[7] - The total profit for 2024 was approximately RMB 466.8 million, reflecting a year-on-year increase of about 14.1%[49] - The net profit for the same year reached approximately RMB 401.2 million, with a year-on-year growth of about 17.3%[49] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 7,361,549,780.96, a rise of 16.4% from RMB 6,324,835,385.59 in 2023[9] - Total liabilities increased to RMB 3,676,433,841.24, up 25.9% from RMB 2,920,998,154.61 in 2023[11] - Current assets totaled RMB 2,004,055,122.24, an increase of 28.1% compared to RMB 1,562,998,347.56 in 2023[9] - Cash and cash equivalents were RMB 569,899,108.46, up from RMB 500,263,848.63, indicating a growth of 13.9%[9] - Long-term borrowings increased to RMB 557,440,000.00 from RMB 323,500,000.00, reflecting a significant rise of 72.3%[11] Revenue Breakdown - The company generated RMB 4,769,193,293.61 in revenue from contracts in 2024, a 14.8% increase from RMB 4,155,596,460.94 in 2023[18] - The general power supply business generated revenue of approximately RMB 3,985.1 million, accounting for about 83.8% of the main business revenue[54] - The incremental power distribution business reported revenue of approximately RMB 354.2 million, representing about 7.5% of the main business revenue[55] - Revenue from power engineering construction services and related businesses was approximately RMB 416.0 million, making up about 8.7% of the main business revenue[56] Expenses and Costs - The cost of goods sold for 2024 was RMB 3,978,882,555.40, up from RMB 3,484,310,248.78 in 2023, reflecting a cost increase of 14.2%[16] - Financial expenses for 2024 totaled RMB 15,329,400.83, an increase from RMB 13,309,483.67 in 2023[20] - The company reported a total tax expense of RMB 65,501,879.11 for 2024, a slight decrease from RMB 67,190,179.11 in 2023[26] Equity and Dividends - The total equity attributable to shareholders of the parent company increased to RMB 3,614,620,222.83, up 7.7% from RMB 3,355,293,837.13 in 2023[13] - The proposed final dividend for the year ending December 31, 2024, is RMB 150,410,078.00, compared to RMB 139,666,501.00 for the previous year[40] - The board proposed a final dividend of RMB 0.14 per share for the year ending December 31, 2024, totaling approximately RMB 150,410,078.00, pending approval at the annual general meeting[122] Operational Highlights - The company operates a total of 6 hydropower stations with a combined installed capacity of 127,030 kW as of the end of 2024[49] - The company constructed 16 new charging stations and added 145 charging piles, with a total installed capacity of 571.32 kW from distributed photovoltaic projects[61] - The company completed seven new 110 kV power transmission and transformation projects, enhancing power supply capacity and grid reliability[59] Strategic Initiatives - The company plans to invest approximately RMB 1,467 million in 2025, including RMB 489.5 million for infrastructure, RMB 423.9 million for fixed asset upgrades, RMB 141.7 million for new fixed asset purchases, RMB 336.3 million for other investments, and RMB 75.6 million for equity investments[110] - The company aims to enhance operational efficiency through lean management and budget control mechanisms to reduce non-productive expenditures[114] - The company plans to enhance its core competitiveness by optimizing its industrial layout and focusing on green energy development, including acquiring quality clean energy projects through share issuance and cash payments[117] Governance and Compliance - The company has adopted corporate governance codes and has complied with them throughout the year 2024[131] - The company has adopted the standard code of conduct for directors and supervisors, confirming compliance for the year ended December 31, 2024[132] - The audit committee has reviewed the financial performance for the year ended December 31, 2024, and confirmed that the financial statements comply with applicable accounting standards[134] Future Outlook - The company anticipates further development opportunities in electricity sales, distribution, and integrated energy services due to ongoing regional economic initiatives[46] - The company is actively pursuing strategic talent acquisition to support its core development needs and enhance technological innovation management[121] - The company anticipates an additional bank loan of RMB 800 million in 2025 to support its continued rapid development[110]

X 中期報信 四 川 能 投 發 展 股 份 有 限 公 司 Sichuan Energy Investment Development Co., Ltd. (於中華人民共和國註冊成立的股份有限公司) 股份代號：1713 202 公司資訊 2 一. 二. 中期財務摘要 4 5 三. 管理層討論與分析 19 四. 企業管治及其他資料 25 五. 合併資產負債表 28 六.合併利潤表 七.合併現金流量表 | --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | | 30 | | | | | | | | 32 | | | | 34 | | | | 43 | | | 八. 合併股東權益變動表 九. 未經審核中期財務報表附註 十. 釋義及技術詞彙表 四川能投發展股份有限公司 中期報告2024 1 目錄 一. 公司資訊 | --- | --- | --- | |--------------------------------------------------|-------|-------------------------------- ...

Financial Performance - The company's operating revenue for the six months ended June 30, 2024, was RMB 2,264,588,613.72, representing a 23.5% increase from RMB 1,833,386,031.70 in the same period of 2023[2]. - Net profit for the same period was RMB 137,758,617.43, up 6.4% from RMB 129,101,568.86 year-on-year[3]. - Total revenue, including other business income, reached RMB 2,264,588,613.72, up from RMB 1,833,386,031.70 in the previous year, marking a growth of 23.5%[8]. - The net profit attributable to ordinary shareholders for the six months ended June 30, 2024, was RMB 137,799,706.39, compared to RMB 128,363,115.12 for the same period in 2023, reflecting an increase of 7.4%[20]. - The total profit for the same period was RMB 170.9 million, reflecting an 8.6% year-on-year growth, while net profit reached RMB 137.8 million, up 6.7% year-on-year[30]. - The company reported a total tax expense of RMB 33,092,753.74 for the six months ended June 30, 2024, compared to RMB 28,228,525.49 in 2023, representing an increase of 17.5%[19]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 6,518,748,973.80, an increase from RMB 6,324,835,385.59 at the end of 2023[4]. - The company's total liabilities increased to RMB 3,115,742,602.81 from RMB 2,920,998,154.61, reflecting a rise of 6.7%[5]. - Current assets totaled RMB 1,725,554,900.21, compared to RMB 1,562,998,347.56 at the end of 2023, indicating a growth of 10.4%[4]. - The total liabilities and shareholders' equity as of June 30, 2024, amounted to RMB 6,518,748,973.80, compared to RMB 6,324,835,385.59 as of December 31, 2023, indicating a growth of 3.1%[6]. - Accounts receivable increased to RMB 915,221,554.64 as of June 30, 2024, compared to RMB 847,806,277.58 as of December 31, 2023, with a net total of RMB 758,263,842.93 after deducting bad debt provisions[24]. - The bad debt provision for accounts receivable was RMB 156,957,711.71 as of June 30, 2024, slightly up from RMB 154,645,818.46 as of December 31, 2023[24]. Revenue Breakdown - The revenue from power supply contracts was RMB 2,082,428,793.14, an increase of 24.5% from RMB 1,673,522,074.59 in 2023[12]. - General power supply business revenue rose by 27.8% from RMB 1,509.7 million to RMB 1,929.8 million, driven by an increase of 42 large industrial and 2,450 general commercial customers, resulting in a sales increase of 796,496.52 MWh[40]. - Incremental power distribution business revenue was RMB 152.6 million, representing 6.7% of total operating revenue[34]. - Revenue from power engineering construction services and related businesses was RMB 182.2 million, making up 8.0% of total operating revenue[35]. Operational Efficiency - The company reported a significant increase in financial expenses, which rose to RMB 6,624,046.70 from RMB 2,393,801.02, marking an increase of 176.5%[2]. - Operating costs rose by 23.4% from RMB 1,592.7 million to RMB 1,966.1 million, primarily due to increased scale in general power supply and power engineering services[43]. - Gross profit increased by 24.0% from RMB 240.7 million to RMB 298.5 million, mainly due to higher gross profits from general power supply and power engineering services[47]. - The gross margin for general power supply business was 13.3% for the six months ended June 30, 2024, compared to 13.8% for the same period in 2023[47]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1]. - The company aims to enhance its core business by expanding power generation capacity and accelerating the construction of key projects, including the pumped storage project in Xuzhou and the natural gas power generation project in Xingwen County[75]. - The company is focusing on technological innovation and increasing R&D investments, collaborating with research institutions for advancements in smart substations and inspection methods[38]. - The company is committed to deepening state-owned enterprise reforms to improve governance and core competitiveness, focusing on optimizing human resource management and financial asset management[78]. Future Outlook - The company expects a revenue guidance of RMB 2.5 billion for the second half of 2024, which would represent a 10% increase year-over-year[88]. - New product launches are anticipated to contribute an additional RMB 300 million in revenue by the end of 2024[88]. - Market expansion plans include entering two new provinces in China by Q3 2024, projected to increase market share by 5%[88]. - The company is considering strategic acquisitions to enhance its service portfolio, with a budget of RMB 500 million allocated for potential deals[88].

Financial Performance - The company achieved a total revenue of RMB 4.16 billion in 2023, representing a year-on-year growth of 25.6% compared to RMB 3.31 billion in 2022[59]. - Total operating revenue increased by approximately 25.4% from about RMB 3,309.6 million for the year ended December 31, 2022, to about RMB 4,151.8 million for the year ended December 31, 2023[109]. - The total profit for the year was approximately RMB 409.2 million, reflecting a year-on-year increase of about 13.2%[69]. - Net profit attributable to shareholders reached RMB 339 million, a 12.5% increase from RMB 301 million in the previous year[63]. - The net profit for the year reached approximately RMB 342.0 million, with a year-on-year growth of about 13.0%[69]. - The gross profit rose by approximately 17.4% from RMB 568.7 million in 2022 to RMB 667.8 million in 2023, with gross margin recorded at 16.1% for 2023 compared to 17.2% for 2022[135]. - Revenue from general power supply business grew approximately 31.6% to about RMB 3,323.0 million, representing 80.0% of total operating revenue for the year ended December 31, 2023[109]. - Revenue from incremental power distribution business for the year ended December 31, 2023, was approximately RMB 358.8 million, accounting for 8.6% of total operating revenue[102]. Investments and Acquisitions - The company raised approximately RMB 380.5 million from its global offering, with RMB 340.9 million utilized by December 31, 2023, leaving RMB 39.6 million unutilized[2]. - The company strategically invested in a 15% stake in Shenzhen Car Electric Network Co., optimizing its equity structure and enhancing market value[59]. - As of December 31, 2023, the company completed the acquisition of a 15% stake in Shenzhen Vehicle Electric Network Co., Ltd. for approximately RMB 115.2 million[80]. - The company has allocated 40% of the net proceeds from its global offering for acquiring power-related assets, with RMB 115.2 million already utilized by the end of 2023[74]. - The company is actively seeking suitable acquisition targets to enhance its asset portfolio and operational capabilities[74]. Asset Management - Total assets increased to RMB 6,324,835 thousand in 2023, up 22.9% from RMB 5,148,011 thousand in 2022[45]. - Non-current assets rose to RMB 4,761,837 thousand, representing a 26.1% increase from RMB 3,775,182 thousand in the previous year[45]. - The company's net assets reached RMB 3,403,837 thousand, a growth of 6.9% compared to RMB 3,185,218 thousand in 2022[45]. - The company’s fixed assets increased to approximately RMB 3,888.5 million as of December 31, 2023, up from RMB 3,062.9 million in 2022[121]. - Accounts receivable increased from approximately RMB 3,635 million as of December 31, 2022, to approximately RMB 6,932 million as of December 31, 2023, mainly due to adjustments in the meter reading cycle[144]. - Total borrowings amounted to approximately RMB 6,574 million as of December 31, 2023, compared to approximately RMB 3,142 million as of December 31, 2022[147]. Operational Highlights - The company operates a total of 6 hydropower stations with a total installed capacity of 127,030 kW as of the end of 2023[49]. - The company has a stable user base and comprehensive power supply network in Yibin City, optimizing the utilization of power resources[48]. - The maximum power supply capacity of the grid increased to 1.95 million kilowatts, enhancing the electricity supply experience for the community[59]. - The company completed significant projects such as the Chengdu Universiade and the World Power Battery Conference without major power outages, ensuring reliable power supply for local economic development[103]. - The company reported a total electricity sales volume of 6,320,659 MWh for the year, an increase of 38.9% compared to the previous year[100]. Future Plans and Strategies - The company aims to focus on high-quality transformation and development in 2024, adapting to new economic and energy development trends[40]. - The company plans to invest approximately RMB 2,119.7 million in 2024, including RMB 624.1 million for infrastructure investment and RMB 617.6 million for rural network projects[83]. - The company plans to optimize its power grid operation methods based on load characteristics and historical operational experiences[89]. - The company aims to enhance its capital by actively acquiring quality clean energy projects to maximize profits and corporate value[53]. - The company is focused on promoting green energy projects, including distributed photovoltaic and energy storage initiatives, to build an integrated new energy industry chain[53]. Employee and Governance - The company employed 2,749 full-time employees as of December 31, 2023, down from 2,828 employees in 2022, with employee costs amounting to approximately RMB 477.4 million[51]. - The company has implemented a comprehensive training program for employees to enhance their skills and performance, ensuring the retention of high-quality talent[51]. - The company is focused on deepening party leadership and governance to ensure effective operational management and compliance[91]. - The company’s board composition includes various directors and supervisors, with changes noted as of April 6, 2023[175]. Dividend and Shareholder Information - The board proposed a final dividend of RMB 0.13 per share, totaling approximately RMB 139,666,501.00, subject to shareholder approval[94]. - The company will declare and pay dividends in cash or stock, subject to board discretion and shareholder approval[168]. - The company will withhold a 10% corporate income tax on the final dividend distributed to non-resident H-share shareholders[187]. - The company’s financial performance and dividend distribution will be influenced by its retained earnings and capital expenditure needs[168]. - The company has not been informed of any shareholders waiving their rights to the dividend as of the report date[185].

Financial Performance - Total operating revenue for the year ended December 31, 2023, was RMB 4,160,192,577.95, representing a 25.6% increase from RMB 3,313,256,211.05 in 2022[4] - Net profit attributable to shareholders for 2023 was RMB 338,999,671.13, up from RMB 301,441,634.66 in 2022, reflecting a growth of 12.5%[6] - Operating profit for the year was RMB 403,216,949.73, which is a 14.4% increase from RMB 352,547,689.30 in the previous year[4] - Basic and diluted earnings per share for 2023 were RMB 0.32, compared to RMB 0.28 in 2022, showing an increase of 14.3%[6] - The company achieved a total revenue of RMB 4,160,192,577.95 in 2023, compared to RMB 3,313,256,211.05 in 2022, marking an increase of 25.6%[47] - The total profit amounted to approximately RMB 409.2 million, reflecting a year-on-year increase of about 13.2%[95] - Net profit reached approximately RMB 342.0 million, with a year-on-year growth of about 13.0%[95] Assets and Liabilities - The company's total assets as of December 31, 2023, amounted to RMB 6,324,835,385.59, compared to RMB 5,148,010,911.31 in 2022, indicating a year-over-year increase of 22.9%[9] - The total liabilities increased to RMB 2,920,998,154.61 in 2023 from RMB 1,962,792,662.13 in 2022, marking a significant rise of 48.9%[17] - The total equity attributable to shareholders increased to RMB 3,355,293,837.13 in 2023 from RMB 3,147,365,694.96 in 2022, reflecting a growth of 6.6%[9] - The company reported a significant increase in accounts payable, totaling RMB 786,663,444.29 in 2023, compared to RMB 598,916,839.30 in 2022, reflecting a rise of approximately 31.4%[38] - Total liabilities for 2023 amounted to RMB 1,562,998,347.56, compared to RMB 1,372,829,099.02 in 2022, indicating a rise of about 13.8%[42] - The company reported a significant increase in prepayments to RMB 59,193,472.70 in 2023, compared to RMB 14,919,626.24 in 2022, reflecting a growth of about 296.5%[42] Revenue Sources - The company’s revenue from power supply contracts was RMB 3,681,784,222.54 in 2023, compared to RMB 2,908,759,220.60 in 2022, marking an increase of 26.5%[25] - Revenue from general power supply business was approximately RMB 3,323.0 million, accounting for about 80.0% of the main business revenue[100] - Revenue from incremental power distribution business was approximately RMB 358.8 million, representing about 8.6% of the main business revenue[100] - Revenue from power engineering construction services and related businesses was approximately RMB 470.0 million, accounting for about 11.3% of the main business revenue[100] - The company experienced a significant increase in revenue from large industrial customers, which rose by 97.6% to RMB 1,699,788,921.94 in 2023[73] Operational Metrics - The company sold 6,320,659 MWh of electricity in 2023, a 38.9% increase compared to 4,550,360 MWh in 2022[73] - The number of household electricity sales increased to 1,696,378 MWh in 2023, reflecting an 11.6% growth from 1,520,280 MWh in 2022[73] - The average accounts receivable turnover days increased from approximately 46.9 days in 2022 to 52.6 days in 2023, primarily due to adjustments in the meter reading cycle[169] Investments and Future Plans - The company plans to distribute a final dividend of RMB 0.13 per share for the fiscal year ending December 31, 2023, compared to RMB 0.12 per share in 2022[88] - The company aims to expand its power generation capacity by advancing projects in Sichuan Province, including pumped storage and natural gas power generation[162] - The company plans to enhance its power grid by upgrading key equipment and accelerating the construction of major grid projects, including three 220 kV projects[162] - The company plans to allocate 40% of its IPO proceeds, approximately RMB 152.2 million, for acquiring power-related assets[177] - The planned investment for the fiscal year 2024 is approximately RMB 1,502.0 million, including RMB 295.8 million for basic network construction and RMB 438.1 million for fixed asset renewal and transformation[184] Financial Management - The company reported a net financial expense of RMB 13,309,483.67 in 2023, an increase from RMB 8,557,733.92 in 2022, reflecting a rise of approximately 55.5%[50] - Financial expenses increased from approximately RMB 8.6 million in 2022 to RMB 13.3 million in 2023, mainly due to increased bank loans for grid asset investments[118] - The company utilized RMB 150.0 million in bank acceptance bills and letters of credit to centralize payments to upstream suppliers, reducing overall financing costs[170] Governance and Compliance - The company has adhered to the corporate governance code from January 1 to December 31, 2023[200] - The company is committed to improving safety standards and governance mechanisms to ensure effective operation and compliance with regulatory requirements[190]

Financial Performance - For the six months ended June 30, 2023, the company's main business revenue was RMB 1,829,746,480.01, an increase from RMB 1,498,732,043.43 in the same period of 2022, representing a growth of approximately 22.1%[30] - The total operating income for the six months ended June 30, 2023, was RMB 1,833,386,031.70, compared to RMB 1,502,213,920.97 for the same period in 2022, indicating an increase of about 22.0%[30] - The company's net profit attributable to shareholders for the six months ended June 30, 2023, was RMB 128,363,115.12, slightly down from RMB 129,713,416.10 in the same period of 2022, a decrease of approximately 1.0%[25] - Total revenue for the six months ended June 30, 2023, was RMB 1,833,386,031.70, an increase of 22.0% compared to RMB 1,502,213,920.97 for the same period in 2022[45] - General power supply business revenue reached RMB 1,509,652,892.30, up from RMB 1,190,640,941.12, reflecting a growth of 26.8%[45] - The total profit for the same period was RMB 157.3 million, a decrease of 1.0% year-on-year[135] - The net profit for the period was RMB 129.1 million, down 0.5% compared to the previous year[135] - The net profit attributable to shareholders was RMB 128.4 million, reflecting a year-on-year decline of 1.0%[135] Revenue Breakdown - Revenue from incremental power distribution business increased by 22.2% to RMB 163.9 million for the six months ended June 30, 2023, compared to RMB 134.1 million for the same period in 2022[23] - Revenue from power engineering construction services decreased by 9.9% to RMB 159,863,957.11 from RMB 177,447,930.23, accounting for 8.7% of total revenue in 2023[48] - For the six months ended June 30, 2023, the operating revenue from general power supply business increased by 26.8% to RMB 1,509.7 million, compared to RMB 1,190.6 million for the same period in 2022[113] Costs and Expenses - Operating costs rose by 27.7% from RMB 1,246.8 million for the six months ended June 30, 2022, to RMB 1,592.7 million for the six months ended June 30, 2023, mainly due to the increased scale of general power supply operations in the first half of 2023[89] - The income tax expense for the six months ended June 30, 2023, was RMB 28.2 million, with an effective tax rate of 17.9%, compared to RMB 29.2 million and 18.3% for the same period in 2022[121] - Financial expenses decreased significantly from RMB 4,526.6 million for the six months ended June 30, 2022, to RMB 2,393.8 million for the same period in 2023[68] Assets and Liabilities - The total liabilities as of June 30, 2023, amounted to RMB 2,364,063,001.98, an increase from RMB 1,962,792,662.13 as of December 31, 2022, reflecting a growth of approximately 20.4%[5] - The company's current liabilities totaled RMB 1,463,289,626.61 as of June 30, 2023, down from RMB 1,511,575,255.85 as of December 31, 2022, a decrease of about 3.2%[5] - The total assets increased from RMB 5,148.0 million as of December 31, 2022, to RMB 5,546.0 million as of June 30, 2023[70] - The total equity attributable to shareholders as of June 30, 2023, was RMB 3,143,787,797.77, slightly down from RMB 3,147,365,694.96 as of December 31, 2022[96] Customer and Market Development - The company reported a total of 7,290 new household customers, 35 new large industrial customers, and 2,285 new general commercial customers in the first half of 2023[113] - The total electricity sales for the first half of 2023 amounted to 2,866,676.70 MWh, a 25.6% increase from 2,282,636.19 MWh in the same period last year[192] Strategic Initiatives - The company plans to enhance its core power supply business by promoting gas, wind, solar, and pumped storage projects[142] - The company aims to actively seize opportunities in the new energy revolution and develop integrated energy services[142] - The company is actively expanding its renewable energy business, focusing on projects such as gas, photovoltaic, pumped storage, and smart integrated energy stations[188] - The company is advancing the construction of pumped storage and gas power generation projects, with significant support from local government[153] Operational Efficiency - The company is focusing on improving service capabilities by optimizing the electricity business environment and enhancing customer service through its 96598 service center[153] - The average turnover days for accounts payable decreased from 162.9 days as of June 30, 2022, to 137.8 days as of June 30, 2023[125] - The average inventory turnover days decreased from 10.9 days in 2022 to 10.3 days in 2023[175] Risk Management and Compliance - The company is reinforcing its internal control system to mitigate financial risks and improve cost management[153] - The company has adopted the listing rules and standards for the conduct of its directors and supervisors, ensuring compliance with securities trading regulations[197]

Revenue and Profitability - Revenue from general power supply business reached approximately RMB 2,524.3 million, accounting for 76.3% of total revenue[3] - Revenue from power engineering construction services and related businesses was RMB 400.9 million, representing 12.1% of total revenue, an increase of 6.6% from RMB 376.1 million in the previous year[4][10] - Total revenue for the year ended December 31, 2022, was RMB 2,740.9 million, up from RMB 2,617.7 million in 2021, reflecting an overall growth of approximately 4.7%[11] - Total revenue for 2022 reached RMB 3,313,256,000, an increase of 4.5% from RMB 3,171,674,000 in 2021[65] - Net profit attributable to equity shareholders of the company was RMB 301,442,000, representing an increase of 11.8% compared to RMB 269,558,000 in the previous year[65][72] - Basic earnings per share for 2022 was RMB 0.28, up from RMB 0.25 in 2021[65] - The company achieved a pre-tax profit growth of 12.6% year-on-year[72] - The company reported a pre-tax profit of RMB 361.5 million, which is an increase of 12.6% compared to the previous year[91] - Net profit for the year reached RMB 302.5 million, reflecting an 11.7% year-on-year growth[91] Operating Costs and Expenses - Operating costs related to power engineering construction services rose to RMB 311.3 million, a 1.4% increase from RMB 307.1 million in the previous year[12] - Operating costs increased by 4.7% to RMB 2,740.9 million, primarily due to the expansion of general power supply business and increased electricity procurement from third-party suppliers[82] - Operating costs for general electricity business rose by 11.5% from RMB 1,840.4 million in 2021 to RMB 2,052.8 million in 2022, representing 74.9% of total operating costs[120] - Financial expenses rose by approximately 16.8% from RMB 7.3 million in 2021 to RMB 8.6 million in 2022, primarily due to foreign exchange losses[143] Asset Management and Investments - The company reported a significant reduction in asset impairment losses, down approximately 95.4% to about RMB 0.7 million, with no significant damage or operational halts in 2022[16] - Non-current assets totaled RMB 3,775,182 thousand in 2022, an increase from RMB 3,461,642 thousand in 2021, reflecting a growth of approximately 9.06%[106] - The total assets reached RMB 5,148,011 thousand in 2022, up from RMB 4,631,453 thousand in 2021, indicating a growth of about 11.14%[106] - The company constructed and put into operation over 580 charging piles in 2022, expanding its comprehensive energy business[95] - The company invested RMB 43.62 million in a two-year plan to address low voltage areas, enhancing service quality[96] Business Development and Strategy - The company aims to enhance the level of electricity access, focusing on improving service quality and expanding its market presence[6] - The company has established a strategic goal to build a "first-class modern comprehensive energy service enterprise in the western region" as part of its development strategy[72] - The company is focused on optimizing asset structure and expanding its comprehensive energy layout[72] - The company aims to create a new energy consumption and service pattern centered on electricity, ensuring safety, green energy, convenience, and efficiency[72] - Sichuan Energy plans to focus on enhancing power supply security and transformation development in alignment with the national "dual carbon" strategy[85] - The company anticipates further development in electricity sales, distributed energy, engineering construction, and integrated energy services due to the promotion of the Chengdu-Chongqing economic circle[79] Safety and Reliability - The company has not experienced any major power outages or significant safety incidents in 2022, maintaining a stable safety production situation[115] - The company reduced the number of power outages in the 10 kV grid by 30% year-on-year, enhancing service reliability[96] - Safety inspections identified 2,044 safety hazards, with RMB 4.2 million allocated for rectification efforts[115] - The company conducted 72 emergency drills involving over 800 participants to improve emergency management capabilities[115] Corporate Governance and Compliance - The company emphasizes effective communication with shareholders to enhance investor relations and provide timely information on business developments and financial performance[165] - The company has established procedures for identifying, handling, and disclosing inside information in compliance with relevant regulations[162] - The company’s remuneration and assessment committee is responsible for approving the remuneration policy for directors and senior management[150] - The company has adopted measurable targets for board diversity, including at least four independent non-executive directors[156] - The company has established a shareholder communication policy to enhance relationships and communication with shareholders[167] - The board of directors includes members with extensive experience in the energy sector, enhancing governance and oversight[170] - The company is committed to transparency by publishing operational and financial data on its website and the Hong Kong Stock Exchange[167] - The management team consists of professionals with advanced degrees and significant industry experience, contributing to strategic decision-making[173][175][178] Employee Engagement and Diversity - The company aims to ensure gender diversity in hiring practices, with male employees making up 77% and female employees 23% of the total workforce[154] - The company is committed to fostering a pipeline of potential female leaders for senior management and board succession[154] - The Nomination Committee reviewed board diversity and confirmed that the company has met measurable diversity objectives in professional experience, skills, knowledge, gender, age, and tenure[155] Performance and Operational Efficiency - The company has implemented a series of reforms to enhance operational efficiency and governance structures, including a comprehensive performance evaluation system for all employees[113] - The company is focusing on the integration of power generation assets and has established a unified management structure for its six core hydropower stations[113] - The company aims to enhance organizational construction and strengthen the cadre team to support high-quality development[133] - The management team is focused on enhancing operational efficiency and driving growth in the energy sector[173][175]