Financial Performance - The company's operating revenue for 2022 was approximately CNY 4.60 billion, representing a 42.14% increase compared to CNY 3.23 billion in 2021[15]. - The net profit attributable to shareholders for 2022 was approximately CNY 775.20 million, a 12.47% increase from CNY 689.25 million in 2021[15]. - The net cash flow from operating activities reached approximately CNY 2.91 billion, marking a significant increase of 151.07% compared to CNY 1.16 billion in 2021[15]. - The company's total assets as of the end of 2022 were approximately CNY 46.64 billion, reflecting a 12.11% increase from CNY 41.60 billion in 2021[15]. - The basic earnings per share for 2022 was CNY 0.3727, up 7.78% from CNY 0.3458 in 2021[16]. - The weighted average return on equity for 2022 was 9.30%, a slight decrease of 0.12 percentage points from 9.42% in 2021[16]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 0.08 per share, totaling RMB 166.4 million, which accounts for 21.47% of the net profit attributable to shareholders for the year[3]. - As of December 31, 2022, the total share capital of the company is 2,080,000,000 shares[3]. - The company does not plan to increase capital reserves to share capital this year[3]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[2]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[4]. - There are no violations of decision-making procedures for external guarantees reported[4]. - The company has not faced any risks that would prevent the board from ensuring the authenticity and completeness of the annual report[4]. - The company has not disclosed any significant risks in the management discussion and analysis section[4]. Operational Highlights - The company launched new wind power projects, contributing to increased electricity generation from hydropower projects compared to the previous year[16]. - The total electricity generation of the company's controlled power generation projects reached 8.481 billion kWh, a year-on-year increase of 63.05%[23]. - The company added 584,000 kW of installed capacity during the year, with all projects starting construction in the same year as the decision[23]. - The company operates 98 controlled enterprises, focusing on wind, solar, hydropower, hydrogen energy, and energy storage[29]. Research and Development - The company applied for 75 patents during the year and received authorization for 17 patents[23]. - The company's research and development expenses were approximately ¥20.87 million, showing a slight increase of 1.87% compared to the previous year[35]. - Total R&D expenditure was CNY 20,872,768.14, representing 0.45% of operating revenue, with 55 R&D personnel making up 6.6% of the total workforce[49]. Market and Revenue Growth - The company's revenue from renewable energy generation reached ¥4,508,968,336.40, with a year-over-year increase of 41.89%[38]. - Wind power revenue increased by 121.04% to ¥1,548,329,301.96, but the gross margin decreased by 24.36 percentage points to 50.92%[38]. - Hydropower revenue grew by 44.84% to ¥1,144,398,153.64, with a gross margin increase of 2.99 percentage points to 57.84%[38]. Strategic Initiatives - The company is focused on the development of renewable energy, with a target to increase the proportion of non-fossil energy consumption to 20% by 2025[26]. - The company actively participated in the provincial "Wind and Solar Doubling Plan" to develop large-scale wind and solar projects[23]. - The company aims to enhance its market presence by leveraging its strategic focus on key regions and major projects, aligning with national energy goals[30]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors and 1 employee director, meeting legal requirements[95]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, with no interference in decision-making[97]. - The company has established a governance structure that complies with national laws and regulations, ensuring effective internal control and information disclosure[95]. Social Responsibility and Environmental Initiatives - The company has engaged in ecological restoration activities, including the release of millions of aquatic species to promote biodiversity[140]. - The company invested a total of 1.88 million yuan in social responsibility projects, including a targeted donation of 1.5 million yuan for public welfare initiatives[145]. - The company has committed to developing renewable energy projects in western regions, investing over 10 billion yuan in multiple new energy projects in Ningxia, Xinjiang, and Qinghai[147]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[104]. - Future expansion plans include ongoing investments in renewable energy projects, particularly in solar and wind sectors[67]. - The company plans to enhance its product offerings and explore potential mergers and acquisitions[103].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,046,055,225.84, representing a decrease of 0.31% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 121,028,321.73, down 40.79% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 113,491,785.69, a decrease of 40.95% compared to the previous year[4]. - The basic earnings per share for the period was CNY 0.0582, reflecting a decline of 40.79% year-on-year[4]. - The company's net profit for Q1 2023 was CNY 192,976,131.17, a decrease of 30.9% compared to CNY 279,720,581.98 in Q1 2022[17]. - Operating profit for Q1 2023 was CNY 213,672,512.17, down 33.0% from CNY 318,785,125.09 in the same period last year[17]. - The total comprehensive income for Q1 2023 was CNY 192,976,131.17, compared to CNY 279,720,581.98 in Q1 2022, indicating a decrease of 30.9%[18]. Cash Flow and Investments - The net cash flow from operating activities was CNY 375,416,130.85, showing a slight increase of 0.33% compared to the same period last year[4]. - Cash flow from operating activities netted CNY 375,416,130.85, a marginal increase from CNY 374,172,243.46 in the previous year[19]. - Investment activities resulted in a net cash outflow of CNY 818,260,834.99, compared to a larger outflow of CNY 2,580,905,514.94 in Q1 2022[19]. - The company raised CNY 176,849,000.00 from investment activities in Q1 2023, down from CNY 418,315,800.00 in the same quarter last year[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 47,697,990,846.91, an increase of 2.26% from the end of the previous year[5]. - Current assets as of March 31, 2023, totaled RMB 10,084,377,031.40, an increase from RMB 9,505,611,773.34 at the end of 2022[13]. - Non-current assets amounted to RMB 37,613,613,815.51 as of March 31, 2023, up from RMB 37,135,964,181.30 at the end of 2022[14]. - Total liabilities were RMB 33,017,292,478.82, an increase from RMB 32,345,977,226.87 at the end of 2022[15]. - Shareholders' equity totaled RMB 14,680,698,368.09, up from RMB 14,295,598,727.77 at the end of 2022[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,645, with the largest shareholder holding 69.23% of the shares[9]. Expenses - Total operating costs for Q1 2023 were RMB 849,816,207.51, compared to RMB 779,901,395.94 in Q1 2022[16]. - The company reported a significant increase in management expenses, which rose to CNY 46,346,902.37 from CNY 32,552,475.94, marking a 42.3% increase year-over-year[17]. - Financial expenses decreased slightly to CNY 268,039,235.60 from CNY 272,720,835.24, a reduction of 1.5%[17]. Other Financial Metrics - The company reported non-recurring gains of CNY 7,536,536.04, primarily from asset disposal and government subsidies[7]. - The decline in net profit was attributed to a decrease in water supply for hydropower projects compared to the same period last year[8]. - Cash and cash equivalents were RMB 2,226,451,814.00 as of March 31, 2023, down from RMB 2,409,353,752.21 at the end of 2022[13]. - The company reported a decrease in short-term borrowings to RMB 2,244,807,605.60 from RMB 2,381,197,165.32 at the end of 2022[14].

浙江省新能源投资集团股份有限公司（以下简称"公司"）已于 2022 年 4 月 28 日发布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 5 月 11 日下午 13:00-14:30 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以自行视频录制结合网络文字互动召开，公司将针对 2022 年度经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信 息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 证券代码：600032 证券简称：浙江新能 公告编号：2023-027 浙江省新能源投资集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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法律责任。 重要内容提示： （一）会议召开时间：2023 年 5 月 11 日下午 13：00-14：30 会议召开时间：2023 年 5 月 11 日（星期四）下午 13： ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,130,815,617.59, an increase of 11.02% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was CNY 167,711,768.06, a decrease of 44.57% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 165,419,488.75, down 44.33% from the previous year[4]. - The basic earnings per share for Q3 2022 was CNY 0.08, a decline of 46.67% compared to the same period last year[4]. - The company reported a 54.96% increase in net profit attributable to shareholders for the year-to-date, driven by new wind power projects coming online[8]. - Net profit for Q3 2022 was ¥1,184,803,005.77, representing a 41.2% increase from ¥838,736,168.89 in Q3 2021[19]. - Earnings per share for Q3 2022 was ¥0.41, compared to ¥0.28 in Q3 2021[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 46,783,570,744.56, representing a 12.56% increase from the end of the previous year[5]. - Total current assets as of September 30, 2022, amount to ¥9,879,572,129.00, an increase from ¥9,013,372,177.77 in the previous year[15]. - Non-current assets total ¥36,903,998,615.56, up from ¥32,550,762,075.00 in the previous year[15]. - The company's total liabilities increased to ¥32,439,270,022.45 in Q3 2022, up from ¥29,358,144,748.51 in Q3 2021[17]. - The total equity attributable to shareholders of the parent company rose to ¥8,679,121,192.70, compared to ¥7,911,855,949.45 in the previous year[17]. - Long-term borrowings increased significantly to ¥20,809,813,109.85 from ¥14,216,358,243.62 year-over-year[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,798,894,909.37, an increase of 132.62% compared to the same period last year[4]. - Cash inflow from operating activities for the first three quarters of 2022 reached approximately CNY 2.93 billion, a significant increase from CNY 1.33 billion in the same period of 2021, representing a growth of 120.4%[22]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY 1.80 billion, compared to CNY 773.32 million in 2021, indicating an increase of 132.5%[22]. - Total cash inflow from financing activities in the third quarter of 2022 was CNY 11.47 billion, up from CNY 9.21 billion in the same quarter of 2021, reflecting a growth of 24.5%[23]. - The net cash flow from financing activities for the third quarter of 2022 was CNY 1.35 billion, a decrease of 54.4% compared to CNY 2.94 billion in the same quarter of 2021[23]. - The cash balance at the end of the third quarter of 2022 was CNY 2.78 billion, compared to CNY 2.23 billion at the end of the third quarter of 2021, showing an increase of 24.7%[23]. Operational Highlights - The company experienced a decrease in hydropower generation in Q3 2022, leading to a decline in performance compared to the previous year[8]. - The company received government subsidies amounting to CNY 220,983.57 during the reporting period, which are closely related to its normal business operations[6]. - The company has not reported any significant new strategies or product developments in the current quarter[12]. - The financial expenses for the first three quarters were ¥877,018,770.04, compared to ¥475,437,871.01 in the previous year, indicating a rise in financing costs[18]. - The company reported investment income of ¥411,213,668.43, up from ¥151,774,619.10 in the same period last year[19]. - The company reported a significant increase in tax refunds received, amounting to CNY 191.95 million in 2022 compared to CNY 1.96 million in 2021[22].

Financial Performance - The company's operating revenue for the first half of 2022 reached RMB 2,508,220,288.56, representing an increase of 80.72% compared to the same period last year[15]. - The net profit attributable to shareholders of the listed company was RMB 693,153,475.76, a significant increase of 174.02% year-on-year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 492,897,371.67, up 101.97% from the previous year[15]. - The net cash flow from operating activities was RMB 928,040,704.27, reflecting a 239.91% increase compared to the same period last year[15]. - Basic earnings per share increased by 153.85% to CNY 0.33 compared to the same period last year[16]. - The weighted average return on equity rose by 4.67 percentage points to 8.39%[16]. - The total operating revenue for the first half of 2022 was CNY 2,508,220,288.56, a significant increase from CNY 1,387,889,048.59 in the same period of 2021, representing an increase of approximately 80.8%[119]. - The total operating costs for the first half of 2022 amounted to CNY 1,664,402,882.10, compared to CNY 970,693,517.81 in the previous year, reflecting an increase of about 71.2%[119]. - The net profit for the first half of 2022 reached CNY 940,238,362.52, up from CNY 379,565,233.03 in the same period of 2021, indicating a growth of approximately 147.5%[120]. - The company reported a financial expense of CNY 577,905,812.29 for the first half of 2022, which is an increase from CNY 317,059,532.16 in the same period of 2021, indicating a rise of approximately 82.2%[119]. - The company recorded a tax expense of CNY 114,673,865.19 for the first half of 2022, compared to CNY 49,027,412.94 in the same period of 2021, indicating an increase of approximately 133.5%[120]. Assets and Liabilities - The total assets of the company at the end of the reporting period amounted to RMB 46,963,802,835.90, an increase of 12.99% from the end of the previous year[15]. - The total liabilities reached CNY 32.90 billion, an increase of 12.9% from CNY 29.36 billion in the previous period[115]. - The equity attributable to shareholders increased to CNY 8.61 billion, up from CNY 7.91 billion, marking a growth of approximately 8.9%[115]. - Total current assets increased to 11,030,986,893.67 RMB from 9,013,372,177.77 RMB, reflecting a growth of approximately 22.4%[113]. - Long-term equity investments rose to 2,739,545,776.14 RMB from 2,676,661,269.33 RMB, an increase of approximately 2.3%[113]. - The company's total liabilities increased significantly, with a notable rise in debt obligations, indicating a strategic approach to leverage for growth[128]. Cash Flow - The net cash flow from operating activities improved due to the commissioning of new wind and solar projects, as well as the acquisition of hydropower assets[16]. - Cash flow from operating activities amounted to 928,040,704.27, up from 273,027,342.40 in the first half of 2021, reflecting a growth of approximately 240%[126]. - Cash flow from investing activities showed a net outflow of -2,927,309,658.64, worsening from -1,484,208,752.96 in the same period last year[127]. - Cash flow from financing activities generated a net inflow of 2,227,411,893.83, compared to 1,271,672,832.83 in the first half of 2021, indicating an increase of approximately 75%[127]. Renewable Energy Development - Non-fossil energy accounted for approximately 48.2% of the total installed capacity in the country, reflecting a year-on-year increase of 2.8 percentage points[20]. - The total installed capacity of renewable energy reached 1.18 billion kilowatts, with a year-on-year growth of 14.8%[20]. - The company aims to expand its renewable energy capacity in line with national targets, including achieving 1.2 billion kilowatts of wind and solar capacity by 2030[20]. - The company is actively involved in the development of large-scale wind and solar bases in desert and barren areas[20]. - The company has a total installed capacity of 4.3281 million kW, with 1.1322 million kW from hydropower, 1.9097 million kW from photovoltaic, and 1.2862 million kW from wind power, adding 534,000 kW during the reporting period[21]. Strategic Acquisitions and Investments - The company acquired 100% equity of Asia New Energy in January 2022 and made several other strategic acquisitions throughout the first half of 2022[35]. - The company is actively developing projects, including the Taizhou No. 1 offshore wind power project, which has an additional installed capacity of approximately 100,000 kW, and the acquisition of 400,000 kW of installed capacity[27]. - The company has established a multi-channel financing system, with net cash flow from financing activities amounting to 2,227.41 million yuan, a 75.16% increase compared to the previous year[30]. Corporate Governance and Compliance - The company has established a governance framework to enhance internal controls and protect the interests of Zhejiang New Energy and its investors[63]. - The company will ensure compliance with legal and regulatory requirements during the implementation of stock price stabilization measures[71]. - The company will actively accept supervision from regulatory bodies and investors regarding its commitments and will take legal measures to fulfill them[79]. - The company has established a corporate governance structure with a shareholders' meeting, board of directors, and supervisory board[145]. Social Responsibility and Community Engagement - The company has actively engaged in ecological conservation efforts, including releasing 20,000 juvenile fish into local waters[53]. - The company aims to achieve collective economic income and operational income targets for the village in 2022[56]. - The company has established a partnership with the local village to enhance rural tourism and promote local cultural resources[55]. - The company is committed to fulfilling its social responsibilities by promoting rural revitalization and poverty alleviation initiatives[55]. Risks and Challenges - The company faces risks related to fluctuating grid electricity prices, which may impact future performance due to increased participation in electricity trading[43]. - The company has a significant balance of receivable renewable energy subsidies, which may affect liquidity[43]. - The company operates in regions with limited electricity demand, leading to potential curtailment of solar and wind energy generation[43]. Related Party Transactions - The company has a loan balance of RMB 300,908,000 with Zhejiang Energy Group Financial Co., Ltd., with an interest rate range of 3.70%-4.90%[96]. - The company has a total loan amount of RMB 811,269,780 with Zhejiang Energy Group Financial Co., Ltd.[97]. - The company reported a decrease in related party debts from RMB 376,573,558.84 to RMB 366,728,089.62 during the reporting period[94]. Accounting Policies and Financial Reporting - The financial report complies with the accounting standards and reflects the group's financial status as of June 30, 2022[155]. - The group uses Renminbi as its functional currency for financial reporting[157]. - The company recognizes fixed assets at their actual cost upon acquisition, with subsequent expenditures capitalized if they meet certain criteria[180]. - The company assesses impairment of intangible assets annually, with any impairment loss recognized in the current period[188].

Financial Performance - The company's operating revenue for Q1 2022 reached ¥1,049,322,903.04, representing a 107.11% increase compared to ¥481,338,641.01 in the same period last year[4] - Net profit attributable to shareholders was ¥204,396,956.72, a significant increase of 487.63% from ¥23,959,362.16 in the previous year[4] - Basic earnings per share rose to ¥0.42849, reflecting a 428.49% increase from ¥0.0983 in the previous year[5] - Net profit for Q1 2022 was ¥279,720,581.98, up from ¥44,975,047.77 in Q1 2021, indicating a growth of approximately 521.5%[19] - Earnings per share for Q1 2022 were ¥0.0983, compared to ¥0.0186 in Q1 2021, marking an increase of about 428.5%[19] - The total comprehensive income for Q1 2022 was ¥279,720,581.98, compared to ¥44,975,047.77 in Q1 2021, indicating a growth of approximately 521.5%[19] Cash Flow - The net cash flow from operating activities was ¥374,172,243.46, showing a remarkable increase of 1,139.03% compared to ¥30,198,904.20 in the same period last year[5] - In Q1 2022, the company's cash inflow from operating activities reached CNY 599,193,872.64, a significant increase from CNY 176,219,468.70 in Q1 2021, representing a growth of approximately 239%[21] - The net cash flow from operating activities for Q1 2022 was CNY 374,172,243.46, compared to CNY 30,198,904.20 in the same period last year, indicating a substantial increase[21] - Cash inflow from financing activities in Q1 2022 totaled CNY 3,141,029,441.00, up from CNY 2,814,390,004.01 in Q1 2021, showing a growth of approximately 11.6%[22] - The net cash flow from financing activities for Q1 2022 was CNY 1,232,581,482.52, compared to CNY 755,699,040.64 in the previous year, indicating a strong increase[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥43,357,720,620.94, a 4.32% increase from ¥41,284,901,546.6 at the end of the previous year[5] - The company's total assets amounted to approximately CNY 43.36 billion, an increase from CNY 41.56 billion at the end of 2021, representing a growth of about 4.32%[15] - The company's total current liabilities rose to CNY 12.83 billion, compared to CNY 11.36 billion at the end of 2021, marking an increase of approximately 12.9%[16] - Total liabilities as of Q1 2022 amounted to ¥30,312,901,600.02, an increase from ¥29,358,144,748.51 in the previous year, reflecting a growth of approximately 3.2%[17] - The company reported a significant increase in long-term borrowings, which rose to ¥15,118,244,711.30 from ¥14,216,358,243.62, an increase of approximately 6.3%[17] Investments - The company attributed the significant increases in revenue and profit to the commissioning of new wind and solar projects and the acquisition of hydropower assets[10] - The company's investment income for Q1 2022 was ¥88,984,820.20, compared to ¥47,463,892.84 in Q1 2021, indicating a growth of about 87.5%[19] - The total cash outflow from investment activities in Q1 2022 was CNY 2,597,227,505.55, compared to CNY 902,025,272.75 in Q1 2021, reflecting a significant rise in investment expenditures[22] - The net cash flow from investment activities for Q1 2022 was -CNY 2,580,905,514.94, worsening from -CNY 889,733,662.00 in Q1 2021, indicating increased investment outflows[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,451, with no preferred shareholders having restored voting rights[11] - The equity attributable to shareholders increased to ¥8,116,252,906.17, marking a 2.58% rise from ¥7,709,168,254.15 at the end of the previous year[5]

Financial Performance - The company's operating revenue for 2021 was ¥2,909,533,795.25, representing a 23.99% increase compared to ¥2,346,514,155.75 in 2020[19]. - Net profit attributable to shareholders for 2021 was ¥454,958,780.04, a 60.35% increase from ¥283,720,342.37 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥344,947,865.80, up 41.89% from ¥243,114,094.75 in the previous year[19]. - The company's total assets increased by 38.67% to ¥41,284,901,546.69 at the end of 2021, compared to ¥29,772,924,369.04 at the end of 2020[19]. - Basic earnings per share for 2021 were ¥0.2282, reflecting a 50.53% increase from ¥0.1516 in 2020[19]. - The weighted average return on equity rose to 6.32% in 2021, an increase of 1.90 percentage points from 4.42% in 2020[19]. - The company achieved a gross margin of 56.67% in the new energy generation sector, with a year-on-year increase of 1.50 percentage points[35]. - The revenue from wind power generation reached ¥376,117,159.55, with a gross margin of 61.94%, marking a significant increase of 46.68 percentage points year-on-year[35]. - The company reported a total investment cash flow of -¥3,458,624,701.02, indicating a decrease in investment activities compared to the previous year[32]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 0.045 per share, totaling RMB 93.6 million, which accounts for 20.57% of the net profit attributable to shareholders for the year[4]. - The total share capital as of April 19, 2022, is 2,080,000,000 shares[4]. - The company does not plan to increase capital reserves into share capital for the current year[4]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements are true, accurate, and complete[3]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[3]. - The company has not violated decision-making procedures for external guarantees[5]. - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential investment risks[5]. - The company has established a governance structure that complies with national laws and regulations, ensuring transparency and protection of shareholder rights[81]. Operational Highlights - The company's total electricity generation reached 4.753 billion kWh, a year-on-year increase of 38.84%[27]. - The total sales of electricity amounted to 4.645 billion kWh, reflecting a year-on-year growth of 38.02%[27]. - The company completed the construction of offshore wind power capacity of 1,003,200 kW and onshore wind and solar power capacity of 335,000 kW during the reporting period[27]. - The company added several subsidiaries during the year, contributing to the increase in net profit, including the acquisition of two hydropower stations[20]. - The company has established several new subsidiaries in 2021, including Zhejiang Zheneng Shensu Offshore Wind Power Development Co., Ltd.[42]. Research and Development - Research and development expenses surged by 317.53% to ¥20,489,050.65, reflecting increased investment in new energy intelligent control platforms and hydrogen energy[32]. - The company filed for 16 patents during the year, with 4 patents granted, indicating strong innovation activity[28]. Environmental and Social Responsibility - The company has invested over 1.58 million yuan in poverty alleviation and rural revitalization projects since 2019, implementing 12 projects to improve local industry and living conditions[129]. - The company has committed to the national "3060" carbon goals, focusing on the development of renewable energy sources[127]. - The company has successfully released 65 million units of various marine species, including jellyfish and yellow croaker, in its ecological restoration initiatives[126]. - The company has implemented innovative drone seeding techniques, successfully dispersing 12 million seeds for coastal wetland restoration[128]. Risk Management - The company faces risks related to fluctuating grid electricity prices due to ongoing reforms in the national electricity market, which may impact future performance[79]. - The company has a significant receivable balance from renewable energy subsidies, and delays in government funding could adversely affect financial results[79]. - Natural disasters and the COVID-19 pandemic pose risks to the company's operations, with potential impacts on project timelines and electricity generation capacity[79]. Future Outlook - The company projects that the national electricity consumption will reach 8.7 to 8.8 trillion kWh in 2022, with a year-on-year growth of 5% to 6%[72]. - By the end of 2022, the proportion of non-fossil energy generation capacity is expected to reach 50% of the total installed capacity[72]. - The company aims to achieve an annual power generation of 7.602 billion kWh and revenue of 4.398 billion yuan in 2022[77]. - The company will focus on project development in resource-rich areas, particularly in Sichuan for hydropower and in coastal provinces for wind and solar projects[77]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[81]. - The company has implemented measures to maintain independence from its controlling shareholder, preventing interference in decision-making[83]. - The company has conducted several shareholder meetings, including a significant one on June 21, 2021, to address accounting corrections[85]. Financial Management - The company has established a fundraising management policy to ensure proper use of raised funds and enhance project supervision[141]. - The company aims to accelerate investment in fundraising projects to achieve expected benefits and improve profitability[141]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 8.2116 million yuan[99].

Financial Performance - The company's operating revenue for Q3 2021 was ¥844,106,920.79, representing a year-on-year increase of 32.84%[4] - The net profit attributable to shareholders for Q3 2021 was ¥184,610,964.33, reflecting a year-on-year growth of 54.56%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥179,171,186.27, showing a significant increase of 73.99% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥2,163,205,234.90, an increase from ¥1,836,501,563.70 in the same period of 2020, representing a growth of approximately 17.8%[19] - Net profit for the third quarter of 2021 was ¥614,781,530.09, up from ¥521,489,745.00 in the same quarter of 2020, reflecting a growth of approximately 17.9%[20] - Total comprehensive income for the third quarter of 2021 was CNY 614,781,530.09, compared to CNY 521,488,088.32 in the same period of 2020, representing an increase of approximately 17.9%[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥37,579,615,089.94, which is a 26.22% increase compared to the end of the previous year[5] - The company's total liabilities as of the third quarter of 2021 amounted to ¥25,866,646,474.54, compared to ¥19,648,162,596.72 in the previous year, marking an increase of about 31.5%[18] - The total equity attributable to shareholders reached ¥7,664,759,123.14 in the third quarter of 2021, up from ¥6,565,814,137.95 in 2020, representing an increase of approximately 16.7%[18] - The total assets of the company amounted to ¥37,579,615,089.94, up from ¥29,772,924,369.04, representing a growth of 26.3%[16] - Current assets totaled ¥4,771,533,128.70, reflecting a decrease of ¥1,954,469.87 from the last report[25] - Total liabilities were reported at ¥19,648,162,596.72, down by ¥41,808,796.86 from the previous period[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥773,319,842.49, reflecting a decrease of 5.55% compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2021 was CNY 773,319,842.49, a decrease of 5.5% compared to CNY 818,771,371.45 in the same period of 2020[22] - Cash inflow from operating activities totaled CNY 1,328,137,202.42, up from CNY 1,204,557,422.20, indicating an increase of approximately 10.3%[22] - Net cash flow from investing activities was -CNY 2,489,869,771.21, an improvement from -CNY 3,532,618,893.76 in the previous year[23] - Cash flow from financing activities generated a net inflow of CNY 2,942,729,100.15, compared to CNY 2,635,063,886.52 in the same period of 2020, marking an increase of about 11.6%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 90,842, with Zhejiang Energy Group holding 1,440,000,000 shares, accounting for 69.23%[12] - The total equity of the company as of the third quarter of 2021 was ¥11,712,968,615.40, compared to ¥10,124,761,772.32 in the previous year, reflecting a growth of about 15.7%[18] Investments and Expenses - The company reported a significant increase in electricity generation due to favorable rainfall, contributing to the profit growth[9] - Research and development expenses for the third quarter of 2021 were ¥10,653,289.36, indicating ongoing investment in innovation[19] - Financial expenses for the first three quarters of 2021 were ¥475,437,871.01, compared to ¥439,031,014.01 in the same period of 2020, showing an increase of about 8.3%[19] - The company reported an investment income of ¥151,774,619.10 for the third quarter of 2021, up from ¥118,953,787.25 in the same quarter of 2020, indicating a growth of approximately 27.6%[20] Other Information - The company has not disclosed any significant new product or technology developments during the reporting period[14] - There are no significant mergers or acquisitions reported in the current financial period[14] - The company has not provided specific future guidance or outlook in the current report[14] - The company has implemented a new leasing standard effective January 1, 2021, impacting financial reporting[28]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 1,319,098,314.11, representing a 9.83% increase compared to RMB 1,201,074,023.34 in the same period last year[16]. - The net profit attributable to shareholders of the listed company reached RMB 223,384,605.77, a 29.48% increase from RMB 172,527,209.48 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was RMB 214,477,337.14, reflecting a 30.50% increase compared to RMB 164,349,210.86 in the same period last year[16]. - The net cash flow from operating activities was RMB 273,027,342.40, down 14.05% from RMB 317,672,911.71 in the previous year[16]. - Basic earnings per share for the first half of 2021 were RMB 0.1172, up 27.12% from RMB 0.0922 in the same period last year[17]. - The weighted average return on net assets was 3.29%, an increase of 0.58 percentage points compared to 2.71% in the previous year[17]. - The total comprehensive income for the first half of 2021 was CNY 322,563,752.19, compared to CNY 304,601,247.56 in the first half of 2020, reflecting an increase of 5.9%[110]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased to RMB 7,477,611,274.84, a 13.89% rise from RMB 6,565,814,137.95 at the end of the previous year[16]. - Total assets reached RMB 31,723,490,572.23, marking a 6.55% increase from RMB 29,772,924,369.04 at the end of the previous year[16]. - Total liabilities reached CNY 20,597,210,112.76, up from CNY 19,648,162,596.72, indicating an increase of about 4.8%[104]. - The company's total equity as of June 30, 2021, was CNY 11,126,280,459.47, compared to CNY 10,124,761,772.32 at the end of 2020, reflecting a growth of approximately 9.9%[104]. Investment and Projects - The company has a total installed capacity of 2,786.05 MW, with 1,573.55 MW from solar power projects, 794.20 MW from hydropower, and 418.30 MW from wind power[22]. - The company has 695.9 MW of approved projects under construction, including a 301.2 MW offshore wind farm and various solar power projects[23]. - The company is actively developing three major offshore wind power projects with a total capacity of 603.2 MW[25]. - The company raised CNY 691 million through its initial public offering, optimizing its capital structure[25]. Cash Flow and Financing - The net cash flow from operating activities was CNY 273.03 million, a decrease of 14.05% year-on-year[27]. - The company's investment activities generated a net cash outflow of CNY 1,484.21 million, a decrease compared to the previous year[27]. - Total cash inflow from financing activities reached 4,452,419,369.74 RMB, an increase from 3,034,692,358.87 RMB year-over-year[116]. - Cash outflow from investment activities totaled 1,494,182,105.05 RMB, down from 2,561,165,748.10 RMB in the prior year[115]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer for the reporting period, with no dividends or stock bonuses declared[44]. - The state-owned Zhejiang Energy Group holds 1,440,000,000 shares, representing 69.23% of the total shares[95]. - Zhejiang New Energy Development Co., Ltd. holds 432,000,000 shares, accounting for 20.77% of the total shares[95]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[136]. Environmental and Social Responsibility - The company has engaged in ecological restoration activities, releasing over 15 million economic seedlings into the environment as part of its commitment to green development[47]. - The company actively participated in rural revitalization efforts, including investments in infrastructure such as roads and cultural halls in villages, contributing to local economic development[49]. - The company emphasizes the importance of government policies in supporting the renewable energy sector, which could impact its business if policies change[40]. Risks and Challenges - The company faces risks related to the reform of the electricity system, which may lead to uncertainties in future electricity pricing and sales volumes[40]. - The company is subject to risks associated with project grid connection, which may affect its ability to fully generate and sell electricity if grid capacity is exceeded[40]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering to environmental protection laws[46]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations[144]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[146]. - The company applies impairment testing for long-term assets, including intangible assets, as per its accounting policies[198].