Financial Performance - In 2022, the company's operating revenue reached ¥2,872,491,915.46, an increase of 11.72% compared to ¥2,571,148,042.20 in 2021[27] - The net profit attributable to shareholders of the listed company was ¥70,581,335.76, a decrease of 39.99% from ¥117,613,621.56 in the previous year[27] - The net profit after deducting non-recurring gains and losses was ¥12,056,006.92, down 88.79% from ¥107,561,593.52 in 2021[27] - The net cash flow from operating activities was ¥136,202,403.00, a decline of 71.42% compared to ¥476,572,365.25 in the previous year[27] - As of the end of 2022, the net assets attributable to shareholders of the listed company were ¥1,790,441,106.94, an increase of 4.10% from ¥1,719,859,771.18 at the end of 2021[27] - Total assets at the end of 2022 amounted to ¥4,066,477,066.14, reflecting a 1.68% increase from ¥3,999,155,370.93 in 2021[27] - The company reported a cumulative undistributed profit of -¥243,731,685.89 at the end of 2022, indicating ongoing financial challenges[7] - The company did not propose any profit distribution or capital reserve transfer to shareholders for the year 2022 due to insufficient surplus reserves to cover losses[7] - Basic earnings per share decreased by 39.99% to CNY 0.1311 in 2022 compared to CNY 0.2184 in 2021[28] - The weighted average return on equity dropped by 3.10 percentage points to 4.02% in 2022 from 7.12% in 2021[28] Revenue and Sales - Total operating revenue for Q4 2022 was CNY 756,672,444.86, with a net profit attributable to shareholders of CNY -40,361,472.03[29] - The total electricity sales volume reached 5.10771 billion kWh, an increase of 33.05% year-on-year[33] - The company achieved a sales volume of 402,492 million kWh, an increase of 7.14% from 375,669 million kWh last year[48] - The company recorded a gas sales volume of 17,613 million cubic meters, up 6.02% from 16,614 million cubic meters last year[48] - The company reported a water sales volume of 6,026 million cubic meters, an increase of 10.48% compared to 5,454 million cubic meters last year[48] - The total electricity traded in the market increased to 2,452,497,151 kWh, representing a year-on-year growth of 401.92% compared to 488,621,053 kWh in the previous year[76] Operating Costs and Expenses - Operating costs rose by 17.84% to CNY 2,322,767,488.78, primarily due to increased electricity purchase costs[56] - Net cash flow from operating activities decreased by 71.42% to CNY 136,202,403.00, attributed to higher electricity purchase expenses[49] - The gross profit margin for the electricity business decreased by 6.99 percentage points to 14.57%[58] Investments and Assets - The company completed land transactions resulting in receivables of 68,194,900 RMB, contributing 45,625,792.96 RMB to the net profit for 2022[82] - The company invested a total of 4.02 million RMB in significant equity investments, with the largest being 3.48 million RMB in Sichuan Shengtian New Energy Development Co., holding a 21.60% stake[80] - The company has a total installed capacity of 715,940 kW, with 567,920 kW from hydropower, accounting for 56.92% of the total capacity[45] - The company has a water supply capacity of 240,000 cubic meters per day, with a pipeline network of 722.96 kilometers[46] Safety and Compliance - The company conducted 13 safety inspections, eliminating 1,169 safety hazards in key areas[34] - There are no violations of decision-making procedures regarding external guarantees[11] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[10] Governance and Management - The board of directors remains stable with 11 members, including 4 independent directors, ensuring compliance with governance standards[113] - The company has established a performance evaluation and incentive mechanism for senior management, linking compensation to operational performance metrics[116] - The company has implemented a transparent information disclosure system, ensuring timely and accurate communication with stakeholders[116] - The company has established strict management systems for insider information and external information users, ensuring compliance during the reporting period[117] Environmental and Social Responsibility - The company invested 3.2891 million yuan in environmental protection during the reporting period[164] - The company reduced carbon emissions by 5,746 tons through the use of clean energy generation and other carbon reduction measures[167] - The company has invested 600,000 yuan in poverty alleviation and rural revitalization projects, benefiting 500 people in the Xinxing Village[171] - The company has implemented a rural revitalization work plan, contributing 600,000 yuan to support industrial development and cultural initiatives in Xinxing Village[172] Future Plans and Projections - The company aims to achieve a power generation of 51,500 million kWh and a sales volume of 432,000 million kWh in 2023[102] - The budgeted operating revenue for 2023 is set at 314,616 million yuan, with total operating costs of 313,732 million yuan, resulting in a profit of 3,826 million yuan[102] - The company plans to maintain a power loss rate of 5.30%, a water leakage rate of 12.70%, and a gas transmission loss rate of 2.50%[102] - The company is focusing on digital transformation and enhancing its data value through a digital system centered on a data platform[100] Market and Competition - The company is facing risks from market competition in its electricity, natural gas, and water supply businesses, which may impact growth[106] - The company is expanding its market presence by enhancing cooperation and increasing its coverage in the electricity sales sector[104] Employee and Training - The total number of employees in the parent company is 1,051, while the total number of employees in major subsidiaries is 1,943, resulting in a combined total of 2,994 employees[146] - The company conducted over 6,162 training sessions throughout the year, utilizing more than 2.71 million yuan for training expenses[149] - The company emphasizes a performance-based salary system, linking total salary expenses to annual economic performance[147]

乐山电力股份有限公司 投资者关系活动记录表 | --- | --- | |---------------|-------------------------------------------------------------------------------------------------| | | 特定对象调研 分析师会议 媒体采访 | | 投资者 | 新闻发布会 现场参观 √业绩说明会 | | 关系活 动类别 | 现金分红说明会 业绩暨现金分红说明会 | | | 其他 | | 活动 名称 | 2021 年度业绩说明会 | | 活动 方式 | 网络互动 | | 参与单 位名称 | | | 及人员 | | | 时间 | 2022 年 5 月 25 日 15:00-16:00 | | | | | | | | 地点 | 上海证券交易所上证路演中心（ http://roadshow.sseinfo.com ） | | | | | | 董事长：林双庆先生 | | 公司接 待人员 | 独立董事：姜希猛先生 副总经理、董事会秘书：王迅先生 | | | 总经理：邱永志先生 总会计师：游涛先生 | | | | | ...

2022 年第三季度报告 证券代码：600644 证券简称：乐山电力 乐山电力股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 2022 年第三季度报告 | 经营活动产生的现金流 | 不适用 | 不适用 | 162,696,204.46 | | -40.62 | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.0463 | -71.85 | 0.2060 | | -35.65 | | 稀释每股收益（元/股） | 0.0463 | -71 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,488,631,828.95, representing an increase of 18.42% compared to CNY 1,257,030,423.79 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was CNY 85,989,562.20, a 2.62% increase from CNY 83,797,269.36 in the previous year[20]. - The net cash flow from operating activities increased by 24.13% to CNY 134,264,037.72, compared to CNY 108,167,922.86 in the same period last year[21]. - The total assets at the end of the reporting period were CNY 4,009,013,370.59, a slight increase of 0.25% from CNY 3,999,155,370.93 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 5.00% to CNY 1,805,849,333.38, compared to CNY 1,719,859,771.18 at the end of the previous year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.1597, up 2.62% from CNY 0.1556 in the same period last year[22]. - The diluted earnings per share also stood at CNY 0.1597, reflecting the same growth of 2.62% compared to the previous year[22]. - The weighted average return on equity decreased by 0.25 percentage points to 4.88% from 5.13% in the previous year[22]. - Operating profit was reported at 9,683.80 million yuan, a 5.30% increase from 9,196.58 million yuan in the previous year[31]. - The total profit for the first half of 2022 was ¥98,305,633.03, up from ¥92,979,098.78 in the first half of 2021, marking a 5.0% increase[122]. Revenue and Sales - The company achieved a total electricity generation of 26,284 million kWh, a 9.50% increase from 24,005 million kWh in the same period last year[31]. - The total electricity sales reached 204,901 million kWh, reflecting a growth of 14.61% compared to 178,775 million kWh in the previous year[31]. - The natural gas sales volume was 9,285 million cubic meters, up 3.24% from 8,994 million cubic meters year-on-year[31]. - The water sales volume increased by 21.14% to 2,918 million cubic meters, compared to 2,409 million cubic meters in the same period last year[31]. - The company’s electricity sales in Leshan accounted for 12.95% of total sales, a decrease of 1.06 percentage points compared to the previous year[26]. - The natural gas sales in Leshan accounted for 9.98% of total sales, an increase of 0.20 percentage points year-on-year[26]. Cash Flow and Investments - The net cash flow from investment activities showed a significant improvement, decreasing losses by 34.97% to -¥82,127,589.54 from -¥126,296,776.88[42]. - The net cash flow from financing activities decreased by 16.74% to -¥65,462,086.89 from -¥78,621,822.01 year-on-year[42]. - The cash inflow from financing activities totaled CNY 565,743,200.00, an increase of 49.0% compared to CNY 379,766,168.00 in the first half of 2021[128]. - The net cash flow from financing activities was -CNY 65,462,086.89, an improvement from -CNY 78,621,822.01 in the same period last year[128]. Operational Challenges - The company faces significant risks in its electricity business due to the transition from traditional sales pricing to a profit model based on transmission and distribution pricing, which negatively impacts operations[55]. - The natural gas business is under pressure from rising upstream prices and a shrinking installation market, leading to reduced profitability[56]. - The water supply business is experiencing losses due to unchanged sales prices and declining installation projects, exacerbated by increased market competition[56]. Strategic Initiatives - The company plans to enhance its electricity business by focusing on key industrial bases and integrating resources to reduce costs and improve efficiency[57]. - The company aims to manage natural gas pricing effectively and secure government subsidies for safety improvements and old pipeline renovations[58]. - The company is exploring diversified water service models and seeking government support for water price adjustments to reverse losses[58]. - The comprehensive energy service business is set to expand by leveraging energy data resources and entering carbon trading markets, aiming for a more integrated service model[58]. Governance and Management - The company held its annual general meeting on April 28, 2022, where several key proposals were approved, including the 2021 financial report and the 2022 budget report[62]. - The company appointed Qiu Yongzhi as the new general manager on May 23, 2022, with a term aligned with the 10th board of directors[66]. - The 10th board of directors was elected on May 23, 2022, with a term from May 23, 2022, to May 22, 2025, including independent directors Jin Ximeng, He Shuguang, Ji Li, and Pan Ying[66]. - The company’s financial decisions and governance changes reflect a strategic focus on stability and leadership continuity[67]. Social Responsibility and Community Engagement - The company donated 600,000 yuan in 2022 to support rural revitalization efforts, focusing on industry development and tourism[78]. - The company constructed 12.4 kilometers of industrial roads in the village to enhance agricultural product sales and attract investment opportunities[81]. - The village secured over 6 million yuan in project funding for rural tourism development, including the construction of a cultural corridor and various infrastructure improvements[84]. - The average income of 71 poverty alleviation households reached 16,500 yuan, with a projected year-on-year growth of 12%[85]. Financial Instruments and Risk Management - The company assesses expected credit losses based on the entire duration of receivables and contract assets, with historical default rates for notes receivable at zero, leading to an expected loss rate of 0%[190]. - The company categorizes receivables into several groups for expected credit loss calculations, with loss rates ranging from 3% for receivables within one year to 90% for those over five years[191]. - The company maintains a robust framework for managing financial instruments, focusing on minimizing credit risk and ensuring compliance with accounting standards[196].

2022 年第一季度报告 证券代码：600644 证券简称：乐山电力 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是√否 一、 主要财务数据 乐山电力股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期 | | | --- | --- | --- | --- | | | | 增减变动幅度(%) | | | 营业收入 | 752,802,153.79 | | 23.21 | | 归属于上市公司股东的净利润 | 26,754,006.16 | | -28.16 | | 归属于上市公司股东的扣除非经常性损益的净利润 | 23,931,50 ...

Financial Performance - In 2021, the company achieved a total operating revenue of CNY 2,571,148,042.20, representing a year-on-year increase of 12.22% compared to CNY 2,291,204,881.07 in 2020[27]. - The net profit attributable to shareholders of the listed company for 2021 was CNY 117,613,621.56, an increase of 14.71% from CNY 102,535,347.58 in 2020[27]. - The net profit after deducting non-recurring gains and losses was CNY 107,561,593.52, which is a significant increase of 60.81% compared to CNY 66,886,467.10 in 2020[27]. - The net cash flow from operating activities for 2021 was CNY 476,572,365.25, up 16.69% from CNY 408,424,506.68 in 2020[27]. - As of the end of 2021, the net assets attributable to shareholders of the listed company were CNY 1,719,859,771.18, an increase of 8.21% from CNY 1,589,338,612.07 at the end of 2020[27]. - The total assets of the company at the end of 2021 were CNY 3,999,155,370.93, showing a slight increase of 0.01% from CNY 3,998,923,590.43 at the end of 2020[27]. - Basic earnings per share increased by 14.71% to CNY 0.2184 in 2021 compared to CNY 0.1904 in 2020[28]. - The company reported a cumulative undistributed profit of CNY -314,313,021.65 at the end of 2021, indicating ongoing financial challenges[7]. - The company did not propose any profit distribution or capital reserve transfer to increase share capital for the year 2021 due to insufficient surplus reserves to cover losses[7]. Operational Highlights - The company added 23,080 new electricity users, 16,204 new water users, and 17,915 new gas users during the reporting period[34]. - The total sales volume of electricity reached 3.838 billion kWh, ranking 11th in the province[34]. - The company achieved a 100% completion rate for asset investment in 2021, up from 91% in 2020[35]. - The company completed significant projects including rural power grid upgrades and water supply network improvements during the reporting period[36]. - The company's electricity sales volume accounted for 13.89% of the total in Leshan City, an increase of 0.92 percentage points compared to the previous year[42]. - The gas sales volume in Leshan City accounted for 9.05%, a decrease of 0.45 percentage points compared to the previous year[42]. - The water sales volume in Leshan City accounted for 42.01%, an increase of 0.68 percentage points compared to the previous year[42]. - The average annual power outage time for users decreased by 9.95% year-on-year[38]. - The coverage rate of smart meters increased by 24.6% compared to the beginning of the year, achieving near full coverage[38]. Strategic Initiatives - The company initiated the establishment of a comprehensive energy service platform focusing on new energy and smart operations[34]. - The company is exploring new business avenues in water supply, including secondary water supply and direct drinking water services, to mitigate operational pressures[86]. - The company is enhancing its competitive edge in the comprehensive energy service market through the implementation of green and low-carbon technology innovations[87]. - The company plans to develop 100 million kilowatts of clean energy in Sichuan over the next decade, enhancing its position as a clean energy base[83]. - The company aims to achieve a power generation of 53,000 million kWh and a sales volume of 400,000 million kWh in 2022[93]. - The company is focused on improving asset management and aims for a fixed asset investment completion rate of 100%[95]. - The company is actively promoting reforms to improve operational mechanisms, including a performance management model and a new broadband salary system[96]. Governance and Compliance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal and regulatory requirements[104]. - The company has established a performance evaluation and incentive mechanism for senior management, linking their compensation to the achievement of operational targets[108]. - The company has implemented a strict information disclosure management system, ensuring timely and accurate information dissemination to all shareholders[108]. - The company has a comprehensive risk control mechanism for external guarantees, ensuring that the risks are manageable and do not harm the interests of shareholders[103]. - The company respects the rights of all stakeholders, including creditors, employees, suppliers, and customers, promoting sustainable development[108]. Challenges and Risks - The company has indicated potential risks in its future development strategies, which investors should be aware of[12]. - The company faces significant risks in its electricity business due to the transition to a transmission and distribution pricing model, which has negatively impacted profitability[97]. - In the natural gas sector, the company is experiencing increased procurement costs and supply losses due to rising prices and a lack of a pricing mechanism[98]. Community Engagement - In 2021, the company donated 600,000 yuan to support rural revitalization efforts in Xingxing Village, which was recognized as a "Demonstration Village for Rural Governance" in Sichuan Province[166]. - The village plans to enhance its agricultural production by improving the quality of highland vegetables and expanding the planting areas of various crops, including 80 acres of peach and 40 acres of yellow flowers[170]. - The village aims to develop a standardized production system to ensure product quality and safety, with a focus on establishing a traceability system for agricultural products[170]. - The village is leveraging e-commerce platforms to expand sales channels for its agricultural products, aiming to create a well-known brand "Xingyao Foods" and promote local specialties[170]. - The village is committed to poverty alleviation by implementing monitoring and support mechanisms for vulnerable populations, ensuring access to education, health, and housing[172]. Future Outlook - The company plans to maintain a power loss rate of 6.50%, a water leakage rate of 13.87%, and a gas transmission loss rate of 3.10%[93]. - The budgeted operating revenue for 2022 is 266,301 million yuan, with total operating costs estimated at 266,115 million yuan, resulting in a profit of 3,842 million yuan[93]. - The company aims to enhance market competitiveness through comprehensive market-oriented reforms and digital transformation[92].

2021 年第三季度报告 证券代码：600644 证券简称：乐山电力 乐山电力股份有限公司 2021 年第三季度报告 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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 2021 年第三季度报告 | 经营活动产生的现金流 | 不适用 | 不适用 | 273,982,524.36 | | 75.69 | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.1645 | 15.64 | 0.3201 | | -1.15 | | 稀释每股收益（元/股） ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,257,030,423.79, representing an increase of 18.08% compared to ¥1,064,561,459.76 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 14.30% to ¥83,797,269.36 from ¥97,783,764.55 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 7.44% to ¥81,456,378.49 compared to ¥75,818,295.74 in the same period last year[22]. - The net cash flow from operating activities significantly increased by 101.68% to ¥108,167,922.86 from ¥53,634,250.37 in the previous year[22]. - Basic earnings per share decreased by 14.30% to CNY 0.1556 compared to the same period last year[23]. - The company achieved a revenue of CNY 125,703.04 million, an increase of 18.08% year-on-year[34]. - Operating revenue for the current period reached CNY 1,257,030,423.79, an increase of 18.08% compared to CNY 1,064,561,459.76 in the same period last year[37]. - Operating costs increased by 20.06% to CNY 959,803,852.47, primarily due to rising costs of purchased electricity and gas[38]. - The company reported a net loss of CNY 348,129,373.85 in retained earnings, an improvement from a loss of CNY 431,926,643.21[99]. - The comprehensive income for the first half of 2021 amounts to CNY 72,580,418.16, indicating a positive performance in earnings[126]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were ¥1,675,725,360.18, up 5.44% from ¥1,589,338,612.07 at the end of the previous year[22]. - Total assets at the end of the reporting period were ¥3,868,947,351.72, a decrease of 3.25% from ¥3,998,923,590.43 at the end of the previous year[22]. - Total liabilities decreased to CNY 1,958,195,176.83 from CNY 2,177,183,422.63[99]. - Current liabilities totaled CNY 1,181,505,188.75, down from CNY 1,433,958,357.77[99]. - Long-term borrowings increased to CNY 402,500,000.00 from CNY 374,000,000.00[99]. - The total amount of related party transactions for the company was 44,841.85 thousand RMB, accounting for 81.92% of similar transactions[80]. Cash Flow - The company reported a net cash flow from operating activities of CNY 108,167,922.86, compared to CNY 53,634,250.37 in the first half of 2020[113]. - The net cash and cash equivalents at the end of the first half of 2021 was CNY 131,898,281.83, a decrease from CNY 273,503,735.68 at the end of the first half of 2020[114]. - Cash inflow from operating activities was primarily driven by sales revenue of CNY 1,444,341,626.20, up from CNY 1,174,746,350.30 in the first half of 2020[113]. - The company experienced a net cash decrease of CNY -96,750,676.03 in cash and cash equivalents during the first half of 2021[114]. Investments and Subsidiaries - The company holds a 21.60% stake in Sichuan Shengtian New Energy Development Co., Ltd., which focuses on photovoltaic and renewable energy projects[41]. - Significant investment of CNY 3.48 billion in Sichuan Shengtian New Energy Development Co., Ltd. resulted in a profit of CNY 992.57 million for the period[41]. - The company has invested in 15 solar power stations with a total installed capacity of 471.38 MW across multiple provinces, promoting clean energy development[63]. Business Operations - The total electricity sales volume increased by 25.62% to 178,775 million kWh compared to the previous year[33]. - The company completed a power generation of 24,005 million kWh, representing a growth of 29.25% year-on-year[33]. - The company is actively expanding its comprehensive energy business, contributing to the increase in operating revenue[37]. - The company plans to enhance its electricity sector capabilities by improving grid planning and reducing electricity purchase costs[49]. - The company aims to expand its water supply market by integrating assets and increasing production capacity by the end of 2023[49]. - The gas segment will focus on enhancing supply capabilities and developing new business opportunities, including commercial gas installations[50]. Social Responsibility and Community Engagement - The company donated 600,000 yuan in 2021 to support rural revitalization efforts, including infrastructure and cultural development projects[66]. - The company is implementing a poverty prevention and monitoring mechanism to ensure stability for previously impoverished populations[71]. - The company is promoting ecological planting and breeding with county-level support funds to enhance income for impoverished communities[72]. - The company is actively engaging in "consumption poverty alleviation" by collaborating with local supermarkets to prioritize the procurement of quality agricultural products from impoverished areas[70]. Corporate Governance and Compliance - The company has not disclosed any significant contracts or other major matters during the reporting period[86]. - The company’s share capital structure has not changed during the reporting period[87]. - The company has not reported any changes in the number of restricted shares or any new strategic investors becoming top shareholders during the reporting period[92]. - The company has adopted the new leasing standards starting from January 1, 2021, which requires all leases to be recognized as right-of-use assets and lease liabilities[140]. Risk Management - The company faces risks from policy constraints, market fluctuations, and competition, particularly in the electricity sector where profit margins are under pressure[48]. - The company utilizes forward-looking information to assess whether the credit risk of financial instruments has significantly increased since initial recognition[166]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards and reflect the company's financial position, operating results, changes in equity, and cash flows accurately[142]. - The company recognizes foreign exchange differences in profit or loss, except for specific capitalized assets and available-for-sale foreign monetary items[157]. - The company assesses expected credit losses based on the entire lifetime of financial assets, with specific loss rates applied to different aging categories[168].

2021 年第一季度报告 公司代码：600644 公司简称：乐山电力 乐山电力股份有限公司 2021 年第一季度报告 2021 年 4 月 30 日 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2021 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增减(%) 总资产 3,881,072,797.23 3,998,923,590.43 -2.95 归属于上市公司 股东的净资产 1,629,171,200.52 1,589,338,612.07 2.51 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -23,053,844.77 -109,864,172.94 - 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 611,009,641.65 507,197,848.76 20.47 归属于上市公司 股东的净利润 37,243,109 ...

Financial Performance - In 2020, the company's operating revenue reached ¥2,291,204,881.07, representing a 3.06% increase compared to ¥2,223,199,937.34 in 2019[23] - The net profit attributable to shareholders of the listed company for 2020 was ¥102,535,347.58, an increase of 14.90% from ¥89,234,940.80 in 2019[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,886,467.10, up 19.46% from ¥55,992,775.62 in the previous year[23] - The net cash flow from operating activities was ¥408,424,506.68, a significant increase of 45.08% compared to ¥281,509,330.77 in 2019[23] - As of the end of 2020, the net assets attributable to shareholders amounted to ¥1,589,338,612.07, reflecting a 7.20% increase from ¥1,482,571,551.42 at the end of 2019[23] - The total assets of the company at the end of 2020 were ¥3,998,923,590.43, which is a 5.73% increase from ¥3,782,209,518.15 in 2019[23] - Basic earnings per share increased by 14.91% to CNY 0.1904 in 2020 compared to CNY 0.1657 in 2019[24] - The weighted average return on equity rose to 6.67% in 2020, an increase of 0.49 percentage points from 2019[24] - The company reported a total of CNY 35,648,880.48 in non-recurring gains in 2020, compared to CNY 33,242,165.18 in 2019[27] Profit Distribution and Dividends - The company will not distribute profits or transfer capital reserves to increase share capital for the year due to insufficient earnings reserves to cover losses[6] - The company did not distribute any profits in 2020, 2019, or 2018, with cash dividends amounting to 0 for each year[116] - The company's cash dividend policy requires a minimum of 30% of the average distributable profit over the last three years to be distributed as cash dividends if conditions are met[111] - The independent directors approved the 2020 profit distribution plan, confirming compliance with relevant laws and regulations[114] - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[116] Business Segments and Operations - The company operates in five main business segments: electricity, natural gas, water supply, comprehensive energy, and hotel services[32] - The company achieved a total electricity generation of 51,114 million kWh, a year-on-year increase of 17.80% from 43,392 million kWh[48] - The total sales volume of electricity reached 300,468 million kWh, reflecting a year-on-year growth of 3.53% compared to 290,219 million kWh[48] - The electricity business generated revenue of 1,412,666,939.95 RMB, with a gross margin of 25.27%, reflecting a decrease of 4.93% in revenue year-on-year[53] - The natural gas business reported revenue of 437,540,101.31 RMB, with a gross margin of 23.25%, down 5.31% year-on-year[53] - The company’s water supply business achieved revenue of 271,214,865.04 RMB, with a gross margin of 22.42%, an increase of 37.77% in revenue year-on-year[53] Market and Customer Engagement - The electricity sales volume in Leshan City accounted for 12.97% of total sales in 2020, a decrease of 0.42 percentage points from the previous year[32] - The company achieved a total of 2,922.70 million CNY in electricity cost reductions for users due to government policies during the reporting period[42] - The company participated in the electricity market with 10 users in the water and electricity consumption demonstration area, reflecting its active engagement in market transactions[43] - The company has implemented a new "Internet + marketing service" model to enhance customer service and payment flexibility[42] Investment and Development - The company has invested 666 million CNY in rural power grid projects to improve the weak rural electricity supply situation[41] - The company is focusing on the "Four Networks Integration" strategy to enhance operational efficiency and market competitiveness[38] - The company plans to enhance energy digitalization and smart transformation during the 14th Five-Year Plan period, focusing on market expansion and efficiency improvement[80] - The company is actively exploring the hydrogen energy supply and distributed energy service sectors, aiming to enhance its comprehensive energy business[93] Challenges and Risks - The company reported a cumulative undistributed profit of -¥431,926,643.21 at the end of 2020, indicating ongoing financial challenges[6] - The company has outlined potential risks in its future development plans, urging investors to be cautious[7] - The company faces multiple challenges including policy constraints, market fluctuations, and competition, leading to significant pressure on profitability in the electricity sector due to increasing electricity price cuts[102] Corporate Governance and Shareholder Information - The company does not have a controlling shareholder or actual controller, as confirmed by legal opinions[159] - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period[160] - The company has a structured remuneration decision process for directors and senior management based on performance and operational goals[177] - The total number of ordinary shareholders at the end of the reporting period is 32,349, an increase from 28,521 at the end of the previous month[156] Social Responsibility and Community Engagement - The company donated 850,000 RMB to support poverty alleviation efforts in Xingxing Village, aiming to enhance rural development and ensure sustainable poverty reduction[140] - The company helped 168 registered impoverished individuals to escape poverty through its initiatives[144] - The total investment in poverty alleviation projects amounted to 41 million RMB, with 7 different project types initiated[144] - The company is committed to preventing poverty recurrence and ensuring the sustainability of its poverty alleviation outcomes[145]