（股份代號：2380） （在香港註冊成立的有限責任公司） 2019 年報 潔淨能源 綠色企業 All Home l l In a from + xx 量目 ri | --- | --- | --- | |-------|----------------------------|-------| | | | | | | 目錄 | | | | | | | 2 | 二零一九年財務概要 | | | 4 | 公司資料 | | | 5 | 集團架構 | | | 6 | 公司簡介 | | | 12 | 二零一九年大事記 | | | 14 | 致股東的信函 | | | 17 | 董事及高級管理人員資料 | | | 23 | 管理層討論及分析 | | | 43 | 企業管治報告 | | | 60 | 風險管理報告 | | | 67 | 環境保護與社會責任報告概要 | | | | | | | 72 | 投資者關係及常問問題 | | | 75 | 董事局報告 | | | | | | | 89 | 獨立核數師報告 | | | 95 | 綜合收益表 | | | 96 | 綜合全面收益表 | | | 97 | 綜合財務狀況表 | | | ...

Financial Performance - In 2018, the total revenue of China Power International Development Limited reached RMB 23,175.6 million, representing a 16.07% increase from RMB 19,966.8 million in 2017[5]. - The net profit for 2018 was RMB 1,637.2 million, a significant increase of 28% compared to RMB 1,280.7 million in 2017[5]. - The basic and diluted earnings per share for 2018 were both RMB 0.11, reflecting a 10% increase from RMB 0.10 in 2017[5]. - The company's profit attributable to shareholders increased by 38.11% to RMB 1,098.4 million from RMB 795.3 million in 2017[5]. - The operating profit for 2018 was RMB 4,414,341,000, representing a 42.01% increase from RMB 3,108,454,000 in 2017[56]. - The company's profit attributable to shareholders for 2018 was RMB 1,098,355,000, reflecting a growth of 38.11% year-on-year[29]. - The company's total liabilities as of December 31, 2018, were RMB 64,917,976,000, up from RMB 51,640,030,000 as of December 31, 2017[72]. - The company's total debt increased by 25.71% to RMB 64,918.0 million from RMB 51,640.0 million in 2017[5]. - The company's cash and cash equivalents decreased by 59.52% to RMB 1,853.0 million from RMB 4,577.8 million in 2017[5]. Installed Capacity and Energy Generation - The company’s total installed capacity as of December 31, 2018, was 19,731.6 MW, with clean energy capacity accounting for 32.88% at 6,487.9 MW[10]. - The total electricity generation by subsidiaries in 2018 was 74,101,429 MWh, an increase of 11.12% from 66,683,402 MWh in 2017[4]. - The total installed capacity of hydropower plants is 5,000 MW, with equity capacity of 3,158.5 MW, representing approximately 63% equity ownership[12]. - The total installed capacity of wind power plants is 3,213.5 MW, with equity capacity of 1,258.2 MW, indicating an equity ownership of about 39.1%[13]. - The total installed capacity of photovoltaic power plants is 3,629.5 MW, with equity capacity of 1,763.9 MW, reflecting an equity ownership of approximately 48.6%[14]. - The total installed capacity of natural gas power plants is 2,624.2 MW, with equity capacity of 364.2 MW, representing an equity ownership of about 13.88%[15]. - The total installed capacity of new projects under development is approximately 5,700 MW, with 3,300 MW from renewable energy (wind and solar), 400 MW from natural gas, and 2,000 MW from coal-fired power[18]. - The installed capacity of clean energy assets reached 6,487.9 MW by the end of 2018, an increase of 38.16% year-on-year[41]. - The company has ongoing projects with a total planned capacity of 5,013.1 MW, with equity capacity of 3,629.2 MW, indicating a significant expansion in capacity[16]. Acquisitions and Investments - The company completed the acquisition of five companies, adding a total installed capacity of 1,758.2 MW, all of which are clean energy sources[10]. - The company completed the acquisition of several companies, enhancing its profitability and optimizing its power generation structure[29]. - The company acquired several clean energy projects in Guangxi, Shandong, Anhui, Hubei, and Shouxian, all of which are high-quality clean energy assets[41]. - The company won four photovoltaic power projects in Shanxi Province, each with a capacity of 100 MW, which are expected to be fully operational in 2019[42]. - The company injected a total of RMB 4.79 billion into three subsidiaries to repay existing debts, effectively reducing the overall leverage ratio and financial costs[144]. Renewable Energy Focus - The company is focusing on expanding its renewable energy portfolio, with significant investments in hydropower, wind, and solar energy projects[17]. - The company is accelerating its transformation into a clean energy enterprise, with a significant increase in the proportion of clean energy assets[41]. - The company aims to increase the proportion of clean energy by developing high-quality wind and solar projects while controlling coal power construction[148]. - The company plans to complete ultra-low emission transformations for existing coal power plants to reduce pollutant and greenhouse gas emissions per unit of electricity generated[148]. - The company is committed to environmental protection and sustainable development, aiming to become a resource-saving and environmentally friendly enterprise[146]. Risk Management and Corporate Governance - The company has established a comprehensive risk management framework that includes business, supervision, and support layers to monitor and control risks dynamically[135]. - The board of directors is responsible for ensuring that risk management is a continuous and proactive process within the organization[135]. - The company has implemented a risk management strategy that includes quarterly tracking of major risk control situations and regular updates to the risk management ledger[119]. - The company emphasizes the importance of good corporate governance for sustainable development and adheres to governance codes[95]. - The company has established a clear framework for management responsibilities, ensuring operational efficiency within the approved authority limits[101]. Shareholder Communication and Dividends - The company plans to maintain a stable dividend policy, proposing a final dividend of RMB 0.11 per share for the year ended December 31, 2018, totaling RMB 1,078,757,000[172]. - The company’s shareholder communication policy ensures timely access to comprehensive and understandable information for shareholders and potential investors[126]. - The company allows shareholders holding at least 5% of voting rights to request the convening of a general meeting[129]. - The company prioritizes cash dividends to shareholders, with the distribution and payment subject to the board's discretion and compliance with applicable regulations[128]. Environmental and Social Responsibility - The company is committed to sustainable development by providing a good working environment and promoting employee health and safety[154]. - The company has integrated social responsibility principles into supplier management, ensuring compliance with national environmental protection standards[92]. - The company reduced sulfur dioxide and particulate matter emissions by 83 tons and 197 tons respectively, thanks to ultra-low emission upgrades[152]. - In 2018, the company's clean energy generation reached 20,159,816 MWh, resulting in a reduction of 16,027,054 tons of carbon dioxide emissions[152]. - The full report on environmental protection and social responsibility will be published by June 30, 2019[158].