Financial Performance - For the six months ended June 30, 2023, the company reported consolidated operating revenue of RMB 126.032 billion, an increase of 7.84% year-on-year[6]. - Net profit attributable to equity holders of the company reached RMB 6.490 billion, a significant growth of 301.53% compared to the same period last year[6]. - The average on-grid electricity price for the first half of 2023 was RMB 515.23 per MWh, an increase of 1.89% year-on-year[17]. - The company's operating revenue for H1 2023 was RMB 126.032 billion, an increase of 7.84% compared to RMB 116.869 billion in the same period last year[26]. - The net profit attributable to equity holders for H1 2023 was RMB 6.490 billion, a significant increase of 301.53% from a net loss of RMB 3.220 billion in the previous year[35]. - The total assets as of June 30, 2023, were RMB 525.933 billion, up 2.68% from RMB 512.222 billion at the end of 2022[37]. - The total liabilities decreased to RMB 367.166 billion, down 2.58% from RMB 376.906 billion at the end of 2022[37]. - The company's financial expenses for H1 2023 were RMB 4.608 billion, a decrease of RMB 4.16 billion compared to RMB 5.024 billion in the same period last year[32]. - The fuel costs for H1 2023 amounted to RMB 77.501 billion, down 4.01% year-on-year due to a decrease in domestic fuel prices[28]. - The company reported a significant increase in solar power generation, with a year-on-year growth of 638.20% in Q2 2023[24]. Electricity Generation and Utilization - The company generated a total electricity output of 211.148 billion kWh, representing a year-on-year increase of 7.43%[8]. - In Q2 2023, the total electricity generated by domestic power plants reached 104.138 billion kWh, a year-on-year increase of 17.24%[17]. - The average utilization hours of domestic power plants increased by 39 hours to 1,799 hours[8]. - The increase in electricity generation was primarily due to economic recovery and high temperatures, leading to increased electricity demand, while hydropower generation decreased significantly due to insufficient water supply[18]. - The company continues to expand its renewable energy capacity, with significant growth in wind and solar power generation[18]. Strategic Initiatives and Market Outlook - The company plans to accelerate the green low-carbon transformation and optimize the coal power structure in the second half of the year[14]. - The coal market is expected to remain relatively loose, with continued downward pressure on prices affecting electricity prices[14]. - The company aims to maximize overall benefits while responding to market changes and ensuring stable supply and pricing[14]. - The company is focused on optimizing supply structure and enhancing peak supply capacity while controlling coal procurement costs[15]. - The company aims to strengthen capital operations and expand financing channels to support energy security and green low-carbon transformation[15]. - The company is closely monitoring changes in the capital market to effectively utilize green finance policies and control financing costs[15]. - The company is actively promoting green transformation and aims to increase the proportion of clean energy in its installed capacity[50]. - The company is closely monitoring changes in the national carbon market policies and aims to complete the second compliance period of carbon trading at a lower cost[53]. Corporate Governance and Compliance - The company has maintained compliance with the corporate governance code, except for the separation of roles between the Chairman and the CEO[3]. - The company emphasizes enhancing corporate governance and operational quality through various measures[6]. - The board of directors has implemented multiple governance policies and regulations to ensure effective management and compliance[6]. - The company has focused on risk prevention and internal control management to ensure stable power supply and fulfill corporate responsibilities[6]. - The company has established an information disclosure committee to ensure timely and accurate reporting of significant operational matters, with weekly meetings to discuss major issues[68]. - The board of directors is responsible for reviewing and monitoring compliance with legal and regulatory requirements[7]. - The company has conducted internal control assessments monthly across departments, ensuring compliance and effective operation of the internal control system[72]. Financial Management and Capital Structure - The company raised RMB 763.83 billion in new borrowings and issued RMB 442.00 billion in short-term financing bonds during the first half of 2023[41]. - The total capital expenditure for infrastructure and upgrades in the first half of 2023 was RMB 201.53 billion[42]. - The company has over RMB 300 billion in unused bank credit facilities as of June 30, 2023, indicating strong financing capabilities[43]. - The company plans to continue funding capital expenditures through self-funding, operating cash flow, and debt and equity financing[43]. - The interest coverage ratio improved year-on-year due to a turnaround in profitability in the first half of 2023[38]. - The company has a total of 56,160 employees as of June 30, 2023, with no significant changes in compensation policies or training programs during the reporting period[47]. Investment and Asset Management - The investment in Shenzhen Energy Group Co., Ltd. contributed RMB 402 million in equity profit for the first half of 2023, with expectations for stable future returns[46]. - The company reported a significant increase in investment income from associates and joint ventures, rising to RMB 780,552 from RMB 673,538 in the previous year[98]. - The company’s retained earnings rose to RMB 11,209,617 thousand from RMB 6,517,524 thousand, showing an increase of approximately 71.5%[96]. - The company has engaged in a power purchase agreement with CPPA-G for its Pakistan operations, indicating strategic international expansion efforts[179]. Risks and Challenges - The company faces risks from increasing competition in the electricity market and downward pressure on electricity prices due to market reforms[50]. - The company acknowledges the ongoing challenges in the coal procurement market, particularly due to high reliance on imported coal and international market fluctuations[51]. - The company actively monitors exchange rate and interest rate fluctuations to assess associated risks[44]. - The company aims to control capital costs and financial risks while meeting operational and investment needs[44].

证券代码：600011 证券简称：华能国际 公告编号：2023-055 华能国际电力股份有限公司 关于为境外子公司发行境外债券 提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、债券发行及担保情况概述 华能国际电力股份有限公司（以下简称"公司"）于 2021 年 12 月 30 日发布 了《华能国际电力股份有限公司关于为境外子公司发行境外债券提供担保的公 告》，内容为公司拟以在境外设立的特殊目的公司作为发行主体发行境外债券， 发行规模不超过 6 亿美元或等值新加坡元（含 6 亿美元或等值新加坡元，最终发 行规模根据市场状况决定），并由公司为发行主体提供担保（以下简称"本次债券 发行"）。 二、债券发行进展情况 特此公告。 2022 年 6 月 30 日，公司召开第十届董事会第二十四次会议，审议通过了《关 于境外子公司发行境外债券事项的议案》，同意公司在 2021 年年度股东大会授权 有效期内继续推进本次债券发行的相关工作。 截至本公告日，公司就本次债券发行取得的国家发展和改革委员会《企业借 用外债审 ...

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 126.03 billion, an increase of 7.84% compared to CNY 116.87 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2023 was CNY 6.31 billion, a significant increase of 309.67% from a loss of CNY 3.01 billion in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5.57 billion, up 245.32% from a loss of CNY 3.83 billion in the same period last year[18]. - The basic earnings per share for the first half of 2023 were CNY 0.31, compared to a loss of CNY 0.26 in the same period last year, representing an increase of 219.23%[19]. - The weighted average return on equity for the first half of 2023 was 9.90%, an increase of 17.25 percentage points from 7.35% in the previous year[19]. - The total profit reached RMB 8.35 billion, a significant year-on-year increase of 299.84%[44]. - Net profit for the period was RMB 6.62 billion, reflecting a year-on-year growth of 269.54%[44]. - The company reported a significant increase in profits from overseas subsidiaries, contributing to overall profit growth[21]. Cash Flow and Assets - The company's cash flow from operating activities for the first half of 2023 was CNY 13.76 billion, a decrease of 31.50% compared to CNY 20.09 billion in the previous year[18]. - The total assets at the end of the reporting period were CNY 516.50 billion, an increase of 2.76% from CNY 502.61 billion at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were CNY 131.68 billion, an increase of 21.32% from CNY 108.54 billion at the end of the previous year[18]. - The company's total assets reached 517.5 billion RMB, with overseas assets accounting for 44.39 billion RMB, representing 8.59% of total assets[51]. - Cash and cash equivalents at the end of June 2023 were CNY 16,867,876,426, compared to CNY 17,175,574,864 at the end of 2022[142]. - Total liabilities decreased from CNY 376.06 billion to CNY 366.20 billion, a reduction of approximately 2.3%[143]. Investments and R&D - The company authorized 184 invention patents, 1,502 utility model patents, and 30 international patents in the first half of the year[38]. - Research and development expenses surged by 83.71% year-on-year to RMB 512.85 million, indicating a strong focus on innovation[45]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[21]. - The company is committed to increasing the proportion of clean energy and has implemented energy-saving and carbon reduction transformations, aiming to continuously lower carbon emission intensity[94]. Environmental Compliance and Sustainability - The company has implemented advanced flue gas purification systems in new coal-fired units to comply with stringent environmental regulations[70]. - The company is committed to adapting to national environmental policies and improving wastewater treatment systems to mitigate environmental risks[70]. - The company reported emissions data for various power plants, with SO2 emissions ranging from 0.045 g/kWh to 0.360 g/kWh across different facilities[79]. - The company has established emergency response plans for environmental incidents, complying with national and local requirements[88]. - The company continues to focus on maintaining emission standards while exploring new fuel sources[81]. Financing Activities - The company’s financing activities in the first half of 2023 included issuing short-term financing bonds totaling RMB 44.2 billion and securing over RMB 120 billion in debt financing[33]. - The company raised CNY 17,000,000,000 through the issuance of perpetual bonds during the first half of 2023[156]. - The company has issued corporate bonds with a total balance of 1,200,000,000 RMB at an interest rate of 3.98%[123]. - The company plans to continue expanding its green financing initiatives, as evidenced by the issuance of carbon-neutral bonds totaling 1,000,000,000.00[130]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 81,238[117]. - The top shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, representing 32.28% of the total shares[119]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[116]. Financial Ratios and Performance Metrics - The current ratio improved to 0.59, up 15.69% from 0.51 at the end of the previous year[139]. - The debt-to-asset ratio decreased to 70.90%, a reduction of 5.24% compared to 74.82% at the end of last year[139]. - The EBITDA interest coverage ratio increased significantly to 5.17, up 128.76% from 2.26 in the previous year[139]. Corporate Governance - The company appointed Huang Lixin as the new general manager on June 16, 2023, to strengthen management[74]. - The company has not disclosed any impacts on financial indicators such as earnings per share or net assets per share due to share changes after the reporting period[116].

Financial Performance - The company's consolidated operating revenue for the first half of 2023 was RMB 126.032 billion, an increase of 7.84% year-on-year[1]. - Net profit attributable to equity holders was RMB 6.490 billion, representing a significant growth of 301.53% compared to the same period last year[1]. - Earnings per share stood at RMB 0.32, with net assets per share (excluding minority interests) at RMB 3.76[1]. - The company's total operating revenue for the first half of 2023 was RMB 126.032 billion, an increase of 7.84% from RMB 116.869 billion in the same period last year[17]. - The increase in domestic operating revenue was primarily due to the rise in on-grid electricity generation and settlement prices[17]. - The company reported a total of RMB 4.05 billion in other income, which includes various service revenues, reflecting a diversified income stream[90]. - The company reported a significant increase in investment income, reaching RMB 728.71 million, compared to RMB 670.82 million in the same period of 2022[139]. - The total comprehensive income for the six months was RMB 6.57 billion, compared to a loss of RMB 3.95 billion in the same period last year[140]. Electricity Generation and Utilization - The total electricity generated by the company's domestic power plants reached 211.148 billion kWh, a year-on-year increase of 7.43%[3]. - The average utilization hours of domestic power plants increased by 39 hours to 1,799 hours[3]. - In Q2 2023, the company's total electricity generation in China reached 104.138 billion kWh, a year-on-year increase of 17.24%[10]. - The electricity generation from coal-fired units in the first half of 2023 was 1,760.16 billion kWh, a year-on-year increase of 5.19%[11]. - The electricity generation from solar power in the first half of 2023 saw a significant increase of 72.04% year-on-year, reaching 47.05 billion kWh[11]. Costs and Expenses - The consolidated operating costs and expenses for the first half of 2023 were RMB 113.25 billion, a decrease of 2.85% year-on-year[19]. - Fuel costs, the largest component of operating costs, totaled RMB 77.50 billion, down 4.01% year-on-year due to a decrease in domestic fuel prices[20]. - Depreciation expenses increased to RMB 12.61 billion, up RMB 637 million from the previous year, primarily due to increased depreciation from newly established units[21]. - Labor costs rose to RMB 7.42 billion, an increase of RMB 685 million year-on-year, mainly due to higher social security contributions[22]. - The company reported a total of RMB 6.143 billion in operating expenses for the first half of 2023, slightly up from RMB 6.091 billion in the same period of 2022[129]. Debt and Financing - The debt-to-equity ratio improved to 2.65 from 3.26 at the end of 2022, indicating a stronger equity position due to profitability[30]. - The company issued perpetual bonds totaling RMB 27.99 billion and redeemed RMB 11.00 billion in perpetual bonds during the first half of 2023[32]. - The company issued a total of RMB 500 million in unsecured short-term bonds with varying interest rates from 1.79% to 2.18% during the first half of 2023[35]. - The total short-term borrowings of the company and its subsidiaries as of June 30, 2023, were RMB 69.038 billion, down from RMB 83.573 billion at the end of 2022[35]. - Long-term borrowings, including those due within one year, reached RMB 180.160 billion as of June 30, 2023, an increase from RMB 170.808 billion at the end of 2022[37]. Shareholder Information - As of June 30, 2023, the total issued share capital of the company is 15,698,093,359 shares, with domestic shares accounting for 70.06% and foreign shares for 29.94%[49]. - The largest shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, representing 32.28% of the total issued shares[51]. - The company did not declare dividends for the year 2022 due to a negative net profit attributable to shareholders, as approved by the annual general meeting[38]. - The company’s board of directors decided not to declare an interim dividend for the year 2023[55]. Governance and Compliance - The company has complied with the Corporate Governance Code, except for the separation of roles between the chairman and the CEO, which was addressed with the appointment of a new general manager[56]. - The company has established a robust governance structure to ensure the interests of shareholders are protected[56]. - The board of directors has taken responsibility for corporate governance, continuously reviewing and improving governance policies to enhance operational quality and protect minority investors' rights[58]. - The company has strengthened its information disclosure management system, establishing an Information Disclosure Committee to ensure timely and accurate reporting of significant operational matters[59]. - The company has established a comprehensive internal control system, including a sixth edition of the Internal Control Manual, detailing 25 business processes and 19 soft elements to enhance operational efficiency and compliance[60]. Future Plans and Strategies - The company plans to continue promoting green low-carbon transformation and optimize coal power structure in the second half of 2023[8]. - The company aims to enhance capital operations and broaden financing channels to support energy security and green low-carbon transition[8]. - The company is committed to continuous improvement in financial disclosures and compliance with international standards, enhancing investor confidence[89]. - The company plans to continue expanding its overseas operations, particularly in Singapore and Pakistan, as part of its growth strategy[93]. - The company aims to enhance the proportion of clean energy and optimize its installed capacity structure in response to the "dual carbon" goals[44].

Financial Performance - The total operating revenue for Q1 2023 was CNY 65,269,368,192, representing a slight increase of 0.03% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 2,250,283,365, showing a significant increase of 335.30% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,008,175,769, up by 241.95% compared to the previous year[4]. - Basic and diluted earnings per share were both CNY 0.10, reflecting an increase of 211.11% year-on-year[4]. - Net profit for Q1 2023 was CNY 2,463,986,970, a significant recovery from a net loss of CNY 1,111,930,289 in Q1 2022[18]. - The company reported a basic earnings per share of CNY 0.10 for Q1 2023, compared to a loss per share of CNY 0.09 in Q1 2022[19]. - The company reported a total comprehensive income of CNY 1,818,943,246 in Q1 2023, compared to a loss of CNY 823,099,632 in Q1 2022[19]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 507,997,216,797, a 1.07% increase from the end of the previous year[5]. - The equity attributable to shareholders increased by 17.55% to CNY 127,578,777,170 compared to the end of the previous year[5]. - The company's total assets as of March 31, 2023, amount to 507,997,216,797 RMB, an increase from 502,605,977,488 RMB at the end of 2022[14]. - Total liabilities decreased from 171,333,345,746 RMB to 147,096,706,764 RMB, indicating a reduction of approximately 14.1%[14]. - Total liabilities decreased to CNY 362,178,767,968 in Q1 2023 from CNY 376,061,926,739 in Q1 2022, a decline of approximately 3.7%[15]. - The company's total equity increased to CNY 145,818,448,829 in Q1 2023 from CNY 126,544,050,749 in Q1 2022, an increase of about 15.2%[15]. Cash Flow - The net cash flow from operating activities was CNY 6,138,424,692, down by 26.96% year-on-year[4]. - Cash flow from operating activities for Q1 2023 was CNY 6,138,424,692, down from CNY 8,403,935,233 in Q1 2022, a decrease of 26.9%[20]. - The net cash flow from investing activities was -9,246,104,637, compared to -8,983,509,468 in the previous period[21]. - The total cash inflow from financing activities was 77,815,711,119, slightly down from 77,999,925,032[21]. - The net cash flow from financing activities increased to 4,798,998,768 from 1,649,249,836 in the previous period[21]. - The cash and cash equivalents at the end of the period rose to 18,024,588,273, up from 16,331,189,830[21]. - The company received 19,491,004,490 in cash from investment, significantly higher than 293,032,724 previously[21]. - The cash paid for debt repayment was 67,434,819,947, down from 72,491,481,309[21]. - The company distributed dividends and interest payments totaling 2,742,958,977, compared to 3,149,414,214 in the previous period[21]. - The impact of exchange rate changes on cash and cash equivalents was -183,838,851, an improvement from -293,310,798[21]. Research and Development - Research and development expenses increased by 154.16% to CNY 195,404,840, indicating a stronger focus on R&D[9]. - Research and development expenses increased to CNY 195,404,840 in Q1 2023, up from CNY 76,882,464 in Q1 2022, marking an increase of 154.5%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 74,510[11]. - The largest shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, accounting for 32.28% of the total shares[11]. - The company has not reported any significant changes in its shareholder structure or related party transactions during the reporting period[12]. Inventory and Costs - The company reported a significant decrease in inventory by 20.33% to CNY 10,119,758,960, attributed to the end of the residential heating season[8]. - Total operating costs decreased to CNY 62,747,258,476 in Q1 2023 from CNY 67,125,139,244 in Q1 2022, a reduction of approximately 6.3%[16]. Accounting Changes - The company executed new accounting standards starting January 1, 2023, affecting the financial statements[22]. - The adjustments made for deferred tax assets and liabilities did not impact the consolidated balance sheet items[22].

Financial Performance - Operating revenue for the first quarter reached RMB 65.27 billion, a slight increase of 0.03% year-on-year[3] - Net profit attributable to shareholders was RMB 2.25 billion, representing a significant increase of 335.30% compared to the same period last year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2.01 billion, up 241.95% year-on-year[3] - Basic and diluted earnings per share were both RMB 0.10, reflecting an increase of 211.11% year-on-year[3] - Net profit for Q1 2023 reached RMB 2.46 billion, a significant recovery from a net loss of RMB 1.11 billion in Q1 2022[17] - Total comprehensive income for Q1 2023 was RMB 1.82 billion, a recovery from a loss of RMB 823.10 million in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were RMB 508.00 billion, a 1.07% increase from the end of the previous year[3] - Total current assets as of March 31, 2023, amounted to CNY 90,017,140,836, an increase from CNY 86,721,861,527 as of December 31, 2022, reflecting a growth of approximately 2.97%[13] - Total non-current assets reached CNY 417,980,075,961 as of March 31, 2023, compared to CNY 415,884,115,961 at the end of 2022, indicating a slight increase of about 0.50%[14] - Total assets as of March 31, 2023, were CNY 507,997,216,797, up from CNY 502,605,977,488 at the end of 2022, representing a growth of approximately 1.78%[15] - Total liabilities decreased to CNY 362,178,767,968 as of March 31, 2023, from CNY 376,061,926,739 at the end of 2022, showing a reduction of about 3.70%[15] Shareholder Information - Shareholders' equity attributable to the parent company increased by 17.55% to RMB 127.58 billion[3] - Shareholders' equity increased to CNY 145,818,448,829 as of March 31, 2023, compared to CNY 126,544,050,749 at the end of 2022, reflecting a significant growth of approximately 15.23%[16] - The top shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, representing 32.28% of total shares[11] - The second-largest shareholder, Hong Kong Central Clearing Limited, owns 4,184,280,180 shares, accounting for 26.65%[11] - The company reported a total of 74,510 common shareholders at the end of the reporting period[10] Cash Flow and Financing - Net cash flow from operating activities decreased by 26.96% to RMB 6.14 billion, primarily due to lower receipts from electricity and higher fuel procurement payments[9] - The net financing amount in the financing activities increased by 190.98% to RMB 4.80 billion, indicating improved financing conditions[9] - Cash flow from operating activities for Q1 2023 was RMB 6.14 billion, compared to RMB 8.40 billion in Q1 2022, showing a decrease of 26.9%[19] - Cash flow from financing activities in Q1 2023 was RMB 4.80 billion, down from RMB 1.65 billion in Q1 2022, indicating a decrease of 189.7%[20] Research and Development - Research and development expenses rose by 154.16% to RMB 195.40 million, indicating increased investment in core business[9] - Research and development expenses increased to RMB 195.40 million in Q1 2023, up from RMB 76.88 million in Q1 2022, reflecting a growth of 154.5%[17] - The company plans to continue focusing on R&D and market expansion strategies to enhance future growth prospects[21] Retained Earnings and Borrowings - The company’s retained earnings increased to CNY 8,287,945,689 as of March 31, 2023, compared to CNY 6,703,035,601 at the end of 2022, marking an increase of about 23.66%[16] - The company has a significant amount of short-term borrowings totaling CNY 65,933,246,505 as of March 31, 2023, down from CNY 83,573,496,799 at the end of 2022, indicating a decrease of approximately 21.16%[15]

Energy Capacity and Generation - As of December 31, 2022, the company's controllable installed capacity reached 127,228 MW, with low-carbon clean energy capacity accounting for 33,171 MW, representing 26.07% of the total[6][15]. - The company operates power plants across 26 provinces, autonomous regions, and municipalities in China, and has investments in power operations in Singapore and Pakistan[6]. - The company has a diversified energy portfolio, including wind, solar, coal, gas, hydro, and biomass power generation[16]. - The company added controllable power generation capacity of 2,585 MW from thermal power, 3,092.55 MW from wind power, and 2,935.18 MW from solar power in 2022[36]. - The company’s low-carbon clean energy capacity accounted for 26.07% of total installed capacity[36]. - In 2022, the company's domestic electricity generation (in billion kWh) from coal units decreased by 4.01% year-on-year, totaling 3,638.93 billion kWh[59]. - Wind power generation increased by 34.01% year-on-year, reaching 274.10 billion kWh in 2022[59]. - Solar power generation saw a significant increase of 71.29% year-on-year, totaling 60.06 billion kWh in 2022[59]. Financial Performance - In 2022, the company achieved consolidated operating revenue of RMB 246.725 billion, representing a year-on-year growth of 20.31%[51]. - The net loss attributable to equity holders of the company for 2022 was RMB 8.026 billion, a reduction in loss of 22.66% compared to the previous year[51]. - The company's consolidated operating revenue for 2022 was RMB 246.725 billion, an increase of 20.31% compared to RMB 205.079 billion in the previous year[67]. - The company's net loss for 2022 was RMB 10.973 billion, a reduction of RMB 1.961 billion compared to the previous year's net loss of RMB 12.934 billion[83]. - The company's pre-tax loss for 2022 was RMB 10.814 billion, an improvement of RMB 4.050 billion compared to a pre-tax loss of RMB 14.864 billion in the previous year[67]. - The total tax and additional charges for 2022 were RMB 1.442 billion, a decrease of RMB 244 million from RMB 1.686 billion in the previous year[69]. Investments and Capital Expenditure - The company plans to allocate capital expenditures of RMB 53.90 billion for thermal power, RMB 118.36 billion for wind power, and RMB 140.00 billion for photovoltaic projects in 2023, primarily funded through self-owned funds and bank loans[97]. - The company’s capital expenditure for infrastructure and upgrades in 2022 was RMB 40.01 billion, with significant investments in various wind and clean energy projects[95]. - The company acquired a 25% stake in Shenzhen Energy Group for RMB 2.39 billion, which is projected to provide stable investment returns in the future[113]. - The investment in Sichuan Energy Development is expected to yield RMB 1.96 billion in investment income for the company in 2022, contributing to stable returns[114]. Corporate Governance and Compliance - The company has implemented strict compliance with securities trading regulations for directors, ensuring no insider trading activities occurred among board members[155]. - The company has established a comprehensive risk management and internal control system, successfully passing external audits for 17 consecutive years[137]. - The company has complied with all provisions of the Corporate Governance Code except for C.2.1, which requires a clear distinction between the roles of the Chairman and the CEO[133]. - The company is in the process of appointing a new CEO to comply with the Corporate Governance Code[133]. - The board of directors consists of 15 members, including 5 independent non-executive directors, representing one-third of the board[161]. Employee and Training Initiatives - The company’s total number of employees, including domestic and overseas, reached 57,069 as of December 31, 2022, with competitive compensation linked to performance[116]. - The company is committed to enhancing employee training programs to improve overall employee quality and skills[116]. - All directors and supervisors participated in various training sessions throughout 2022 to enhance compliance awareness and professional capabilities[190]. Environmental Commitment - The company is committed to achieving carbon peak and carbon neutrality goals, promoting green and low-carbon energy transformation[108]. - The company has implemented advanced emission purification systems in new coal-fired power plants to comply with stringent environmental regulations[128]. - The company aims to enhance the proportion of clean energy and optimize its installed capacity structure in line with national "dual carbon" goals[123]. Risk Management - The company has developed a risk management framework that includes risk identification, assessment, response, and monitoring, enhancing its risk resilience[147]. - The company has established a risk reporting and early warning mechanism to facilitate effective risk management across all levels[148]. - The board of directors has approved the 2022 comprehensive risk management report, ensuring compliance with relevant regulations[148]. Shareholder Relations - The company emphasizes shareholder relations and maintains communication through multiple channels to promote mutual understanding[157]. - The company has established a dedicated department to facilitate communication with shareholders and investors, ensuring timely and accurate information dissemination[157]. - The company actively engages in investor relations activities to build long-term trust with investors[136].

Financial Performance - The company's operating revenue for 2022 was CNY 246.72 billion, an increase of 20.31% compared to CNY 205.08 billion in 2021[18]. - The net profit attributable to shareholders was a loss of CNY 7.39 billion, an improvement of 26.17% from a loss of CNY 10.01 billion in the previous year[18]. - The net cash flow from operating activities reached CNY 32.52 billion, a significant increase of 420.23% compared to CNY 6.25 billion in 2021[18]. - The revenue after deducting non-core business income was CNY 236.39 billion, reflecting a 21.59% increase from CNY 194.43 billion in 2021[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 9.42 billion, a 23.40% improvement from a loss of CNY 12.30 billion in 2021[18]. - Operating revenue for Q4 2022 was CNY 62.77 billion, with a total annual revenue of CNY 248.62 billion[24]. - The company reported a net loss of CNY -3.44 billion in Q4 2022, contributing to an annual net loss of CNY -7.39 billion[24]. - Basic earnings per share for 2022 were CNY -0.61, an improvement of 20.78% from CNY -0.77 in 2021[20]. - The weighted average return on net assets was -18.50%, slightly improved by 0.21 percentage points from -18.71% in the previous year[20]. - The net profit attributable to shareholders under Chinese accounting standards for 2022 was CNY -7.39 billion, compared to CNY -10.01 billion in 2021[21]. Strategic Focus and Development - The company is focused on transformation and development, considering investment needs in its strategic planning[4]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[22]. - The company plans to enhance R&D investment and accelerate the transformation of technological achievements to support high-quality development[58]. - The company aims to achieve an electricity generation volume of approximately 469 billion kilowatt-hours in 2023[94]. - The company will focus on increasing the proportion of clean energy and optimizing the structure of its installed capacity to adapt to the rapid growth of renewable energy[96]. - The company plans to continue expanding its renewable energy capacity and exploring new technologies to enhance operational efficiency[65]. Environmental and Sustainability Initiatives - The company actively promoted green and low-carbon development, with significant growth in wind and solar power generation capacity[29]. - The company has implemented advanced flue gas purification systems in new coal-fired power plants to comply with stringent environmental regulations[100]. - The company has established emergency response plans for environmental incidents, adhering to national and local regulations[153]. - The company has engaged in various community support initiatives, including educational and emergency assistance programs[165]. - The company has established a 2,000 tons/year CO₂ capture facility at the Yangpu gas turbine project, furthering its sustainability goals[159]. - The company is actively developing clean energy sources, including wind and solar, while enhancing the environmental performance of existing coal-fired assets[157]. Risk Management and Governance - The company emphasizes risk management and has implemented effective measures to address potential risks identified in its annual risk management report[6]. - The company has a comprehensive risk management system in place, with annual evaluations and updates to internal control measures[103]. - The company has established a comprehensive governance structure to ensure effective decision-making and compliance with regulatory requirements[102]. - The company has committed to avoiding competition with its controlling shareholder, ensuring operational independence and compliance with regulations[106]. - The company has received the "Most Valuable High-Quality Development Listed Company" award and the "Outstanding Board of Directors" award, reflecting its strong governance and investor relations[103]. Financial Management and Investments - The company issued over 270 billion RMB in debt financing in 2022, gradually reducing its overall funding costs[33]. - The company has a well-defined compensation policy linked to performance, promoting efficiency and fairness in salary distribution[133]. - The company has approved the financial derivative business for 2023, indicating a strategic move towards financial diversification[129]. - The company has established a cash dividend policy, distributing at least 50% of the annual distributable profit in cash if conditions are met[135]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[171]. Operational Performance - The total electricity generation for 2022 was 45,107,000 MWh, a decrease of 1.37% year-on-year, with total revenue of 2,199.83 billion RMB, up 16% from the previous year[71]. - The company achieved a total market-based electricity transaction volume of 3,758.68 billion kWh in 2022, representing an increase of 1,107.58 billion kWh or 41.8% year-on-year[76]. - The company’s electricity sales volume reached 1,951 billion kWh, maintaining a leading position in the industry, with a high renewal rate for contracts[77]. - The company has upgraded its wind power technology, with 21% of its total wind power capacity now consisting of turbines with a capacity of 5 MW or more[73]. - The company has a total of 34,327 production personnel and 1,611 sales personnel, indicating a strong operational workforce[131]. Community and Social Responsibility - Total charitable contributions amounted to 1,875.1 thousand yuan, benefiting numerous public welfare projects[161]. - The company invested 1,298.2 thousand yuan in poverty alleviation and rural revitalization projects, impacting approximately 43,000 people[163]. - The company is actively engaged in environmental impact assessments for its construction projects, ensuring adherence to environmental protection measures[152].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：902） 二零二二年年度業績公告 境內電廠上網電量： 4,251.86億千瓦時 合併營業收入： 人民幣2,467.25億元 歸屬於本公司權益持有者的淨虧損： 人民幣80.26億元 每股虧損： 人民幣0.65元 建議股息： 無 業績摘要 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥67,083,723,226, representing a 34% increase compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2022 reached ¥183.95 billion, up from ¥145.32 billion in the same period of 2021, representing an increase of approximately 26.67%[16]. - The net profit attributable to shareholders was -¥933,610,916, showing an improvement from -¥3,499,249,295 in the previous year[3]. - The net profit attributable to the parent company for the first three quarters of 2022 was a loss of ¥3.94 billion, compared to a profit of ¥1.05 billion in the same period of 2021[19]. - The company reported a net loss of ¥5.49 billion for the third quarter of 2022, compared to a profit of ¥1.10 billion in the same quarter of 2021[17]. - The company's financial expenses for the first three quarters of 2022 were ¥7.27 billion, compared to ¥6.21 billion in the same period of 2021, indicating an increase of approximately 17.03%[16]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥25,583,009,135, an increase of 11% compared to the same period last year[3]. - Cash flow from operating activities for the first three quarters of 2022 was ¥25.58 billion, compared to ¥23.00 billion in the same period of 2021, showing an increase of about 11.22%[20]. - The company's cash and cash equivalents at the end of the period reached CNY 16.19 billion, up from CNY 13.90 billion at the end of the previous year[21]. - The company’s cash flow from investing activities for the first three quarters of 2022 showed a net outflow of ¥22.37 billion, compared to a net outflow of ¥27.31 billion in the same period of 2021[20]. - The total cash inflow from financing activities amounted to CNY 194.99 billion, an increase from CNY 170.20 billion in the previous year, while the net cash flow from financing activities was negative at CNY -2.64 billion compared to a positive CNY 5.44 billion last year[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥490,068,485,832, reflecting a decrease of 0.88% from the previous year[3]. - Total assets as of September 30, 2022, amounted to RMB 486.11 billion, a decrease from RMB 490.40 billion at the end of 2021[13]. - Total liabilities stood at RMB 366.31 billion, slightly up from RMB 366.18 billion in the previous year[14]. - The total liabilities of the company stood at CNY 366.18 billion, with current liabilities amounting to CNY 186.40 billion[24]. - The total equity attributable to shareholders was RMB 119.79 billion, down from RMB 124.73 billion at the end of 2021[14]. - The company's equity attributable to shareholders was CNY 105.26 billion, reflecting a slight increase from CNY 105.59 billion in the previous year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,556, with the largest shareholder holding 32.28% of the shares[9]. - The total number of shareholders as of the report date was not specified, but the top ten shareholders held significant stakes, with China Huaneng Group Co., Ltd. owning 9.91%[11]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥192.17 billion, compared to ¥145.64 billion in 2021, indicating an increase of about 31.88%[16]. - Research and development expenses for the first three quarters of 2022 amounted to ¥672.38 million, significantly higher than ¥301.04 million in the same period of 2021, reflecting an increase of approximately 123.67%[16]. - The company experienced a substantial increase in fuel costs, impacting net profit negatively for the year-to-date[8]. Other Financial Metrics - The company confirmed that the financial statements for Q3 2022 were not audited[2]. - The basic earnings per share for the third quarter of 2022 was -¥0.35, compared to -¥0.04 in the same quarter of 2021[19]. - The company reported a decrease in accounts receivable from RMB 39.86 billion to RMB 37.17 billion year-over-year[13]. - The company’s retained earnings decreased from RMB 16.35 billion to RMB 10.78 billion year-over-year[14]. - The company has a total of CNY 22.90 billion in long-term equity investments, showing a strategic focus on long-term growth[23]. - The company is adapting to new accounting standards, which may impact future financial reporting and performance metrics[21].