Financial Performance - In 2021, CGN Power achieved a revenue of RMB 80,678.7 million, representing a 14.30% increase compared to 2020[20] - The net profit attributable to shareholders of the parent company was RMB 9,732.6 million, reflecting a growth of 2.48% from the previous year[22] - The EBITDA for 2021 was RMB 36,757.6 million, which is a 1.95% increase year-over-year[20] - The total profit margin for 2021 was RMB 18,126.1 million, an increase from RMB 16,850.1 million in 2020[23] - Operating revenue for 2021 reached RMB 80,678,744.76 thousand, an increase of 14.3% compared to RMB 70,584,710.56 thousand in 2020[55] - Net profit attributable to shareholders was approximately RMB 9.733 billion, up 1.8% from 2020[31] - The proposed dividend for the year is RMB 0.084 per share (tax included), representing a 5.0% increase from 2020[31] - The dividend payout ratio for the year is 43.58%, an increase of 1.33 percentage points from 2020[32] Asset and Liability Management - Total current assets increased to approximately $67.97 billion in 2021, up from $63.24 billion in 2020, representing a growth of 4.3%[24] - Total non-current assets reached approximately $332.03 billion in 2021, compared to $328.65 billion in 2020, reflecting a slight increase of 1.1%[24] - Total liabilities decreased to approximately $249.08 billion in 2021 from $250.27 billion in 2020, a reduction of 0.5%[24] - Total equity attributable to shareholders increased to approximately $100.91 billion in 2021, up from $95.27 billion in 2020, marking a growth of 6.9%[24] - The debt-to-asset ratio improved to 62.3% in 2021 from 63.9% in 2020[54] - The company reported cash and cash equivalents of approximately RMB 15,827.7 million, which helps to reduce cash flow volatility[200] Operational Capacity and Efficiency - The total installed capacity of operational nuclear power units reached 28,261 MW, accounting for 53.01% of the total in mainland China[21] - The company operates 25 nuclear power units, contributing significantly to its market position[21] - The average capacity factor of the company's 25 operating nuclear power units reached 92%, maintaining world-class levels for four consecutive years[39] - The average utilization hours of nuclear power units in 2021 were 7,731 hours, an increase from the previous three-year average of 7,457 hours[39] - The company completed all 16 planned refueling outages in 2021, achieving both schedule and quality targets despite challenges from the COVID-19 pandemic[39] Environmental Impact and Safety - The company reported a total CO2 reduction contribution of approximately 16.74 million tons from its power generation activities[19] - The safety management system operated effectively in 2021, with no INES Level 2 or above incidents reported across all operating units[38] - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported in its operational nuclear power stations[81] - The company’s radioactive gas emissions were recorded at 0.46% of the national approved limits in 2021, showing a slight increase from 0.42% in 2020[94] - The total amount of radioactive waste managed by the company in 2021 was significantly below the national approved limits, with liquid waste emissions at 0.24% of the limit[94] Research and Development - The company applied for a total of 1,282 patents in 2021, with 893 patents granted, including four invention patents awarded the 22nd China Patent Excellence Award[41] - The company has over 4,700 R&D personnel and has built a national engineering technology center, a national key laboratory, and five national-level R&D centers to support its technological advancements[137] - The company has developed the ACPR1000 technology, which incorporates 31 safety technology improvements based on the CPR1000 technology, aligning with the latest international safety standards[135] - The company is actively pursuing the development of third-generation nuclear technology, specifically the Hualong One, which is based on over 30 years of experience in nuclear power design, construction, and operation[135] Strategic Planning and Future Outlook - CGN Power's strategic plan for the nuclear industry and the 14th Five-Year Plan was approved by the board on August 26, 2021[17] - The company aims to achieve excellent performance indicators in nuclear power safety operations, engineering construction, and operational efficiency by 2035[34] - The company plans to continue investing in the construction of nuclear power plants and technological upgrades for operational performance in 2022[71] - The company anticipates a 5%-6% growth in national electricity consumption in 2022, with a focus on ensuring stable operation of all nuclear power units[44] Employee Development and Training - The total number of employees at the end of 2021 was 18,248, a slight decrease from 18,264 in 2020[145] - The average training hours per employee in 2021 were 109 hours, reflecting the company's commitment to continuous skill enhancement[153] - The company has established 145 training rooms covering 518 skill training projects, with a total area of approximately 96,700 square meters[162] - The company has developed over 5,000 training courses, utilizing various training methods including in-person, online, and mobile learning[162] Financing and Capital Structure - The company's debt financing is primarily composed of long-term bank loans, accounting for approximately 92.1% of total borrowings, with a total borrowing amount reduced by approximately RMB 1,976.9 million compared to the end of 2020[181] - The company has established a comprehensive debt risk management system to control costs and mitigate financial risks through hedging strategies[194] - The company aims to maintain a balanced debt maturity structure to align with long-term cash flows from nuclear power projects, thereby reducing refinancing risks[186] - The company has confirmed that there are no external guarantees provided as of December 31, 2021[68]

Financial Performance - The company's operating revenue for 2021 was CNY 80.68 billion, an increase of 14.30% compared to CNY 70.58 billion in 2020[10]. - The net profit attributable to shareholders for 2021 was CNY 9.73 billion, reflecting a 1.78% increase from CNY 9.56 billion in 2020[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9.73 billion, up 3.42% from CNY 9.41 billion in 2020[10]. - The net cash flow from operating activities reached CNY 34.91 billion, a 15.77% increase from CNY 30.15 billion in 2020[10]. - The total assets at the end of 2021 amounted to CNY 399.99 billion, representing a 2.07% increase from CNY 391.90 billion at the end of 2020[10]. - The net assets attributable to shareholders at the end of 2021 were CNY 100.91 billion, a 5.92% increase from CNY 95.27 billion at the end of 2020[10]. - The company achieved a consolidated operating revenue of approximately CNY 80.68 billion, a year-on-year increase of 14.30%[32]. - The net profit attributable to shareholders of the parent company was approximately CNY 9.73 billion, an increase of 1.78% year-on-year[32]. - The company reported a total revenue of RMB 100 billion for the fiscal year 2021, representing a year-on-year growth of 15%[139]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.84 CNY per 10 shares to all shareholders based on a total share capital of 50,498,611,100 shares as of the profit distribution record date[1]. - The cash dividend policy stipulates a minimum distribution of 30% of the net profit attributable to shareholders for the year, based on business performance and future development strategies[158]. - The company plans to implement a five-year shareholder dividend return plan from 2021 to 2025[144]. - The company has a clear cash dividend policy approved by the shareholders' meeting, ensuring transparency and stability in shareholder returns[158]. - The company plans to distribute a cash dividend of 0.84 CNY per share, totaling approximately 4.24 billion CNY, which represents 100% of the distributable profit[159]. Operational Efficiency and Management - The average utilization hours of nuclear power in 2021 were 7,802 hours, an increase of 352 hours year-on-year[17]. - The company's average utilization hours for power plants increased to 7,731 hours in 2021 from 7,309 hours in the previous year, reflecting improved operational efficiency[23]. - The company has maintained a high level of operational management, with 83.00% of its operational units' performance indicators in the top 25% globally[26]. - The company is committed to the integrated design, construction, and operation of nuclear projects, enhancing cost control and operational efficiency[27]. - The company achieved a reduction in standard coal consumption by approximately 60.85 million tons and a decrease in CO2 emissions by about 167.36 million tons in 2021[25]. Nuclear Power Development - The company is committed to actively and safely developing nuclear power as part of the national strategy for carbon peak and carbon neutrality[18]. - As of December 31, 2021, the company managed 25 operational nuclear units and 7 under construction, with installed capacities of 28,261 MW and 8,299 MW, representing 53.01% and 41.01% of the national total for operational and under-construction nuclear capacity respectively[22]. - The total power generation of the company's managed nuclear plants in 2021 was 201.15 billion kWh, accounting for 52.65% of the national nuclear power generation[22]. - The company has developed the self-owned third-generation nuclear technology "Hualong One," which is being utilized in multiple ongoing projects[28]. - The company is advancing the development of small modular reactor technology to expand nuclear energy applications[74]. Environmental and Social Responsibility - The company is committed to clean energy development, focusing on nuclear power and comprehensive utilization of nuclear energy, while controlling radioactive emissions[95]. - The company achieved a radioactive liquid waste discharge rate of 0.24% in 2021, consistent with the previous year[46]. - The company maintained normal environmental monitoring results across all nuclear power stations in 2021[46]. - The company invested approximately RMB 3,044.12 million in rural revitalization and other donations during the reporting period[180]. - The company has been actively involved in poverty alleviation efforts, addressing issues such as electricity, water supply, and transportation for villagers[185]. Governance and Compliance - The company has established a governance structure that reflects the relationships and roles of key stakeholders, ensuring compliance with regulations[109]. - The company is committed to compliance with legal regulations and corporate governance standards[148]. - The board of directors has been diligent in reviewing proposals and making independent judgments on company matters[148]. - The company has established control measures based on risk assessment results, covering key business areas including funding activities, procurement, sales, project management, and financial reporting[165]. - The company emphasizes timely and accurate communication of internal control-related information to ensure effective transmission within and outside the company[165]. Future Outlook and Strategic Initiatives - The company has set a future outlook with a revenue target of 120 billion RMB for 2022, indicating a projected growth rate of 20%[127]. - The company plans to expand its market presence by entering three new international markets by the end of 2022[127]. - The company aims to enhance the competitiveness of its Hualong One nuclear technology, which is crucial for sustainable development[73]. - The company plans to continue optimizing maintenance schedules and improving operational efficiency through advanced technologies[43]. - The company aims to improve its market marketing capabilities and actively pursue nuclear power consumption policies to secure more grid electricity[107].

Financial Performance - For the first half of 2021, the company's operating revenue reached RMB 36,865.67 million, representing a 17.01% increase compared to the same period in 2020[4] - The net profit attributable to shareholders of the parent company was RMB 5,498.14 million, which is a 5.63% increase year-on-year[4] - Operating revenue for the first half of 2021 reached RMB 36,865.67 million, a 17.0% increase from RMB 31,506.67 million in the same period of 2020[16] - Main business income increased by 16.9% to RMB 36,780.39 million, driven by a 3.1% rise in electricity sales revenue to RMB 27,972.02 million[17] - EBITDA margin decreased to 51.2% in H1 2021 from 59.0% in H1 2020[15] - Net profit margin for H1 2021 was 23.5%, down from 25.0% in H1 2020[15] - Return on equity (excluding minority interests) was 5.7% as of June 30, 2021, slightly down from 5.8% at the end of 2020[15] - Investment income rose by 53.6% to RMB 648.52 million, primarily due to increased returns from joint ventures[16] - The company reported a total profit of RMB 9.86 billion, representing a 10.1% increase from RMB 8.95 billion in the first half of 2020[107] - Basic and diluted earnings per share for the first half of 2021 were both RMB 0.109, compared to RMB 0.103 in the same period of 2020[108] Assets and Liabilities - As of June 30, 2021, total assets amounted to RMB 398,384.81 million, an increase from RMB 391,898.37 million at the end of 2020[9] - The total liabilities were RMB 254,837.34 million, compared to RMB 250,267.77 million at the end of 2020[9] - The total current assets as of June 30, 2021, were RMB 69,036.72 million, up from RMB 63,244.27 million at the end of 2020[9] - The company reported a significant increase in contract liabilities, which rose to CNY 5.74 billion from CNY 3.23 billion, a growth of 77.5%[103] - The company's total equity decreased to CNY 100.75 billion from CNY 103.40 billion, a decline of 2.5%[106] Cash Flow - The net cash inflow from operating activities rose to RMB 15,735,475.88 thousand, a 4.9% increase compared to RMB 15,006,857.09 thousand in the previous year[21] - Cash and cash equivalents increased significantly to CNY 10.27 billion from CNY 6.70 billion, representing a growth of 53.5%[105] - Cash inflow from financing activities totaled RMB 29,772,926,197.91, compared to RMB 28,495,285,064.62 in the previous year, representing an increase of about 4.49%[111] Operational Performance - The total electricity generated was 79,072.49 GWh, with a reduction of approximately 7,922.84 million tons of CO2 emissions equivalent[7] - The company operated 24 nuclear power units, achieving a total electricity generation of 95,226.50 GWh in the first half of 2021, representing a 5.40% increase compared to 90,348.68 GWh in the same period of 2020[40] - The electricity generation from Ningde Nuclear Power Station increased by 15.15% to 15,898.38 GWh, up from 13,806.93 GWh year-on-year[40] - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported according to the International Nuclear Event Scale (INES) during the first half of 2021[39] - The company operated 24 nuclear units with an average capacity factor of 89.57% in the first half of 2021, compared to 93.13% in the same period of 2020[44] Shareholder Information - The company declared a final dividend of RMB 0.080 per share for the year ended December 31, 2020, totaling RMB 4,044.28 million[11] - The company aims to maintain a moderate annual increase in the dividend payout ratio over the next five years, from 2021 to 2025[12] - The company has 303,767 registered shareholders as of June 30, 2021, with a significant number of indirect shareholders through various intermediaries[10] Governance and Compliance - The company has complied with all corporate governance codes and best practices as per the Hong Kong Stock Exchange during the reporting period[75] - The company appointed new non-executive and independent directors in May 2021, enhancing its governance structure[77] - The company has not faced any administrative penalties or criticisms from regulatory bodies during the reporting period[75] Environmental Impact - The company achieved a total output equivalent to a reduction of approximately 28.70 million tons of standard coal consumption and a reduction of CO2 emissions by about 79.22 million tons in the first half of 2021[49] - The company’s nuclear power generation contributed to significant reductions in sulfur dioxide and nitrogen oxide emissions, with reductions of approximately 15,200 tons and 17,000 tons respectively in the first half of 2021[49] - The company strictly adhered to national standards for radioactive waste management, with liquid waste emissions at 0.12% and gas waste emissions at 0.23% in the first half of 2021[48] Future Plans - The company plans to invest in the construction of nuclear power plants, technological upgrades for operational performance, and R&D innovation in the second half of 2021[34] - The company plans to achieve a total installed capacity of over 70,000 MW by 2035, aiming to be the global leader in nuclear power generation[72] - The company aims to ensure the safe and stable operation of all units, with plans for two refueling outages in Q3 and three in Q4 of 2021[73]

Dividend Policy - The company plans to distribute a cash dividend of 1.5 yuan (including tax) for every 10 shares based on a total share capital of 50,498,611,100 shares as of the profit distribution record date for 2020[2]. - The company reported a cash dividend of RMB 0.80 per 10 shares for the fiscal year 2020, totaling RMB 4,039,888,888.00[118]. - The cash dividend for 2019 was RMB 0.76 per 10 shares, amounting to RMB 3,837,894,443.60, which was 40.55% of the consolidated net profit[118]. - The cash dividend for 2018 was RMB 0.72 per 10 shares, totaling RMB 3,272,310,000.00, which accounted for 37.60% of the consolidated net profit[118]. - The total cash dividend for 2020 represented 100% of the total distributable profit[119]. - The company has maintained a consistent cash dividend policy over the past three years, with increasing amounts each year[117]. - The company aims to maintain a cash dividend policy of at least 30% of the net profit attributable to shareholders for future years, with a target of a minimum 5% increase in per-share dividends from 2018 to 2020[114]. - The company has not made any adjustments or changes to its cash dividend policy during the reporting period[119]. Financial Performance - The company's operating revenue for 2020 was ¥70.58 billion, an increase of 15.95% compared to ¥60.88 billion in 2019[11]. - The net profit attributable to shareholders for 2020 was ¥9.56 billion, a slight increase of 1.02% from ¥9.47 billion in 2019[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9.41 billion, up 3.54% from ¥9.09 billion in 2019[11]. - The net cash flow from operating activities was ¥30.15 billion, a decrease of 1.45% compared to ¥30.60 billion in 2019[11]. - The total assets at the end of 2020 were ¥391.90 billion, reflecting a 1.01% increase from ¥387.98 billion at the end of 2019[11]. - The company's net assets attributable to shareholders increased by 6.09% to ¥95.27 billion from ¥89.80 billion in 2019[12]. - The company's total assets reached approximately CNY 391.90 billion, a 1.01% increase from 2019, while total liabilities were about CNY 250.27 billion, resulting in a debt-to-asset ratio of 63.86%[36]. - The company's operating revenue for 2020 was approximately CNY 70.59 billion, reflecting a 15.95% growth year-on-year[36]. - The net profit attributable to shareholders was approximately CNY 9.56 billion, a 1.02% increase from the previous year[36]. Operational Performance - The company managed 24 operational nuclear power units and 7 under construction, with a total installed capacity of 27,142 MW and 8,210 MW, respectively, representing 54.42% and 47.31% of the national total[17]. - The total electricity generated by the company's managed nuclear power stations in 2020 was 186.49 billion kWh, accounting for 54.41% of the national nuclear power generation[17]. - The average utilization hours for nuclear power in 2020 were 7,453 hours, an increase of 59 hours compared to 2019[33]. - The average capacity factor for the 24 operational units in 2020 was 92.03%, while the average load factor was 83.75%[46]. - The company achieved a significant reduction in standard coal consumption by approximately 56.9719 million tons and a reduction in carbon dioxide emissions by about 156.2764 million tons in 2020[20]. - The total electricity generated by the operational nuclear units in 2020 was 186.487 billion kWh, representing a 4.20% increase compared to 2019[42]. - The total electricity generation from subsidiaries was 155.838 billion kWh in 2020, up 5.15% from 148.206 billion kWh in 2019[43]. - The Taishan Nuclear Power Plant achieved a significant increase in electricity generation, reaching 21.573 billion kWh in 2020, a 33.35% increase from 16.178 billion kWh in 2019[43]. Safety and Compliance - The company maintained a good safety record, with no level 2 or above nuclear incidents reported in its operational management of nuclear power stations[40]. - The company’s radioactive waste management strictly adhered to national laws and regulations, with total radioactive emissions significantly below national limits[51]. - The company has not reported any radioactive material exceedances or environmental pollution incidents in 2020, adhering to national standards for waste management[177]. - The company’s environmental monitoring program met national and industry standards, ensuring effective monitoring of the surrounding environment of its nuclear power plants[176]. Research and Development - The company has developed the third-generation nuclear technology "Hualong One," with demonstration projects at Fangchenggang Units 3 and 4, which began construction in December 2015 and December 2016, respectively[26]. - The company is actively developing small reactor technology and participating in the research and development of fourth-generation reactor technologies to maintain competitiveness[26]. - The company has a well-established R&D system, including a national engineering technology center and five national-level R&D centers, enhancing its technological innovation capabilities[27]. - The number of R&D personnel increased by 2.09% to 4,831, with R&D investment amounting to ¥2,472,985,103.88, a 12.06% increase from 2019[80]. Market and Customer Relations - The market transaction electricity volume accounted for 42.2% of the total electricity consumption in 2020, an increase of 3 percentage points from 2019[33]. - The largest customer, China Southern Power Grid Company, accounted for sales of CNY 39.99 billion, representing 56.66% of total annual revenue[67]. - The second-largest customer, Fujian Electric Power Company, had sales of CNY 9.72 billion, making up 13.77% of total annual revenue[67]. - The total sales amount from the top five customers was CNY 69.96 billion, which constituted 99.12% of the annual sales[71]. Corporate Governance - The company appointed Mr. Yang Changli as the chairman of the board on May 20, 2020, following the addition of two non-executive directors[181]. - The second board and supervisory board's term ended on May 23, 2020, and the company completed the election of the new boards on August 5, 2020[183]. - The company has not experienced any changes in its controlling shareholder during the reporting period[194]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission, which has not changed during the reporting period[195]. Social Responsibility and Community Engagement - The company has actively participated in poverty alleviation efforts, achieving significant results despite challenges posed by the COVID-19 pandemic[159]. - The company invested a total of 4,037,000 CNY in poverty alleviation efforts, helping 2,308 registered impoverished individuals to escape poverty[169]. - The company has initiated a kiwifruit project in Leyue County, which is expected to benefit 63 impoverished villages and 11,168 impoverished households once operational[161]. - The company invested 300,000 CNY in the construction of a poverty alleviation museum in Fujian, which was officially opened on September 30, 2020[168].

Financial Performance - In 2020, CGN Power achieved operating revenue of RMB 70,584.71 million, an increase from RMB 60,875.18 million in 2019, representing a growth of approximately 11.2%[17] - The net profit attributable to shareholders of the parent company was RMB 9,562.31 million, reflecting a growth of 1.02% compared to RMB 9,465.70 million in 2019[16] - The EBITDA for 2020 was RMB 35,874.84 million, which is a 4.28% increase from RMB 34,469.84 million in 2019[16] - CGN Power's total profit for 2020 was RMB 16,850.12 million, slightly up from RMB 16,555.10 million in 2019[17] - The company's total revenue for 2020 was approximately RMB 70.585 billion, an increase of 16.0% compared to 2019[30] - Net profit attributable to shareholders was approximately RMB 9.562 billion, up 1.0% from 2019[30] - The proposed dividend for the year is RMB 0.080 per share (tax included), representing a 5.3% increase from 2019[30] - The EBITDA margin for 2020 was 51.1%, down from 57.2% in 2019[53] - The net profit margin for 2020 was 21.1%, compared to 24.3% in 2019[53] - The total assets return rate for 2020 was 6.4%, a slight decrease from 6.5% in 2019[53] - The company experienced a 25.2% increase in operating costs, totaling RMB 44,419.29 million in 2020[54] Assets and Liabilities - CGN Power's total assets as of December 31, 2020, were RMB 36,055.29 million, reflecting the company's strong financial position[14] - Total current assets for 2020 amounted to approximately $63.24 billion, an increase from $61.92 billion in 2019[18] - Total non-current assets reached approximately $328.65 billion, slightly up from $326.05 billion in 2019[18] - Total liabilities decreased to approximately $250.27 billion in 2020 from $252.68 billion in 2019[18] - Total equity attributable to shareholders increased to approximately $95.27 billion, compared to $89.80 billion in 2019, reflecting a growth of about 6.5%[18] - The company maintained a debt-to-asset ratio of 63.9% in 2020, slightly improved from 65.1% in 2019[53] Operational Performance - As of December 31, 2020, the installed capacity of operational nuclear units was 27,142 MW, accounting for 54.42% of the total in mainland China[16] - The company managed 24 operational nuclear power units, achieving a safety and stability operation rate with 72.6% of performance indicators ranking in the top 25% globally and 69.8% in the top 10%[36] - The total electricity generated by the company in 2020 was 186,487.40 GWh, representing a 4.2% increase compared to 2019, with market-based electricity accounting for approximately 33.5%[36] - The average capacity factor of the company's operational nuclear power units exceeded 92% in 2020, maintaining advanced global standards for three consecutive years[36] - The average load factor for the 24 operating units in 2020 was 83.75%, compared to 86.15% in 2019[90] - The average utilization hours for nuclear power in 2020 increased by 59 hours to 7,453 hours compared to 2019[78] Construction and Development - The company has 7 nuclear units under construction with a total capacity of 8,210 MW, representing 47.31% of the total under construction in mainland China[16] - In 2020, CGN Power successfully commenced construction of the Huizhou Unit 2 on October 15 and the Cangnan Unit 1 on December 31[10] - In 2020, two new nuclear power projects were approved, including the Cangnan Nuclear Power Project, with the first unit starting construction by the end of 2020[31] - The company plans to continue investing in the construction of nuclear power stations and technology upgrades to maintain and improve operational performance in 2021[72] Safety and Environmental Management - The company maintained a good safety record with no Level 2 or above nuclear incidents in 2020 according to the INES classification[84] - The company achieved zero serious injuries and fatalities in nuclear engineering construction for seven consecutive years[36] - The company's radioactive waste management strictly adhered to national laws and regulations, with emissions well below applicable national limits[97] - The company reduced carbon dioxide emissions by approximately 15,627.64 million tons and sulfur dioxide emissions by about 34,900 tons in 2020[99] Research and Development - The company emphasizes the importance of innovation and plans to enhance research and development capabilities in new nuclear technologies[32] - The company applied for a total of 1,207 patents in 2020, with 789 patents granted, supporting its innovation development[38] - The company has established a self-developed R&D platform with over 4,800 R&D personnel by the end of 2020, including a national engineering technology center and five national R&D centers[136] - From 2014 to 2020, the company filed a total of 3,462 patent applications, with 1,533 patents granted, reflecting a strong focus on intellectual property[142] Human Resources and Employee Development - As of the end of 2020, the total number of employees was 18,264, with a slight decrease from 18,383 in 2019[144] - In 2020, the company recruited a total of 443 new employees, including 387 graduates through campus recruitment, addressing the need for skilled personnel in the nuclear power sector[146] - The company emphasizes the importance of human capital, continuously improving its human resource development and management systems[143] - The company has established a competitive compensation management system, with performance bonuses linked to employee performance[163] Corporate Governance and Strategy - The company completed the election of a new board of directors and supervisory board on August 5, 2020, with Yang Changli elected as chairman[10] - The company maintains a strategy focused on safety, quality, and excellence while expanding its international nuclear power market presence[28] - The company aims to control costs and enhance profitability as part of its operational strategy[28] - The company is committed to creating optimal benefits for customers, shareholders, employees, and society through continuous investment in various capital forms[25]