Financial Performance - The company's operating revenue for the first half of 2023 was CNY 3,551,187,448.37, a decrease of 25.64% compared to CNY 4,775,563,839.82 in the same period last year[21]. - Net profit attributable to shareholders of the listed company increased by 98.13% to CNY 211,855,641.83 from CNY 106,924,928.52 year-on-year[21]. - The net profit after deducting non-recurring gains and losses decreased by 15.98% to CNY 104,838,050.49 from CNY 124,782,091.08 in the previous year[21]. - The net cash flow from operating activities was CNY 478,590,731.78, down 32.74% from CNY 711,532,622.61 in the same period last year[21]. - Basic earnings per share increased by 94.95% to CNY 0.1912 compared to the same period last year[22]. - Diluted earnings per share rose by 95.05% to CNY 0.1892 year-on-year[22]. - Weighted average return on equity increased by 2.39 percentage points to 5.17%[22]. - The company achieved a total revenue of 3.551 billion yuan in the first half of 2023, a year-on-year decrease of 25.64%[40]. - The net profit attributable to shareholders increased by 98.13% to 212 million yuan compared to the same period last year[40]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were CNY 4,084,660,363.20, an increase of 1.77% from CNY 4,013,774,310.52 at the end of the previous year[21]. - Total assets increased by 8.22% to CNY 12,662,710,074.83 from CNY 11,700,820,493.43 at the end of the previous year[21]. - Long-term borrowings increased by 41.58% to ¥2,111,243,644.89 from ¥1,491,166,051.57 year-on-year[49]. - Total liabilities reached ¥7,859,454,993.33, compared to ¥7,006,335,180.16, showing an increase of about 12.2%[139]. - The total amount of guarantees accounted for 45.78% of the company's net assets[110]. Investments and Acquisitions - The company completed the acquisition of 90% equity in Funan Biomass and 90% equity in Baoquanling Biomass, marking the largest acquisition project since its establishment[43]. - The company made investments totaling ¥109,768,300.00 in subsidiaries and joint ventures during the reporting period[54]. - The total consideration for the acquisition of equity amounted to ¥97,768,296.74, with identifiable net assets valued at ¥239,546,170.09, resulting in a negative goodwill of ¥141,777,873.35 recognized as non-operating income[55]. Research and Development - R&D investment reached 26.19 million yuan, an increase of 68.5% year-on-year, with 25 patents authorized during the period[44]. - The company is focusing on integrated energy development, with three major project categories: integrated low-carbon industrial park projects, user-side energy centers, and small-scale biomass gasification projects[34]. - The company has established partnerships with leading technology teams and universities to enhance its technological innovation capabilities[35]. Environmental Compliance - Environmental compliance is monitored, with emissions of nitrogen oxides and sulfur dioxide reported within regulatory limits, although some exceedances were noted during equipment malfunctions[79]. - The company invested CNY 16.6773 million in environmental protection measures in the first half of 2023[82]. - The company generated a total of 525.06 MWh of electricity from photovoltaic power, reducing carbon emissions by 1,238.09 tons from January to June 2023[88]. - The company maintained compliance with environmental regulations, with no administrative penalties reported during the reporting period[85]. Market and Strategic Outlook - The company is actively expanding its project portfolio, including the successful commissioning of two electrochemical energy storage projects and the completion of trial operations for the Wangjiang Thermal Power project[41]. - The company plans to expand its market presence through acquisitions and investments in renewable energy projects[54]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[171]. Risks and Challenges - The management has highlighted potential risks that may adversely affect the company's future development strategy and operational goals[6]. - The company faces macroeconomic fluctuation risks, which could lead to reduced industrial production and electricity demand, directly impacting profitability[67]. - Policy risks include potential adjustments to electricity sales prices, which may affect revenue and performance, as well as increased environmental protection costs[67]. - Future outlook includes potential impacts from extreme weather on downstream customer demand, which could affect operational efficiency[68]. Shareholder Information - The number of ordinary shareholders reached 74,443 by the end of the reporting period[118]. - The largest shareholder, Ningbo Kaidou Energy Group Co., Ltd., held 282,484,731 shares, representing 25.27% of the total shares[120]. - The company repurchased and canceled 140,726 shares, reducing the total share capital to 1,117,627,485 shares[116]. Financial Ratios - The company's current ratio increased to 0.78, up 5.41% from the previous year[133]. - The quick ratio improved to 0.55, reflecting a 10.00% increase year-over-year[133]. - The debt-to-asset ratio rose to 62.07%, an increase of 3.66% compared to the end of the previous year[133].

债券代码:185462 债券简称:GC 甬能 01 证券代码：600982 证券简称：宁波能源 公告编号：临 2023-063 宁波能源集团股份有限公司 关于对外投资设立参股公司的公告 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个别及连带责任。 重要内容提示： 一、对外投资概述 公司八届三次董事会审议通过《关于对外投资设立参股公司的议案》同意公 司与北京国电电力有限公司（以下简称"国电电力"）、浙江浙能电力股份有限 公司（以下简称"浙能电力"）、宁波市北仑区工业投资集团有限公司（以下简 称"北仑工投"）共同发起设立国能浙江北仑第四发电有限公司（暂命名，具体 以工商核准为准），开展国能北仑电厂一期节能减排改造项目，建设 2×1000MW 等级燃煤发电机组扩建工程（以下简称"国能项目"），国能四发注册资本为 240,000 万元人民币，宁波能源持股比例为 10%，认缴注册资本金为 24,000 万元 人民币。 投资标的名称：国能浙江北仑第四发电有限公司（暂命名，具体以工商核准为准， 以下简称"国能四发"）。 投资金额：国能四发注册资本为 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,720,882,549.21, representing a decrease of 12.09% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥10,001,517.14, down 77.37% year-on-year[5] - Basic earnings per share for Q1 2023 were ¥0.0091, a decline of 77.64% compared to the previous year[5] - Operating profit for Q1 2023 was ¥12,041,711.53, significantly lower than ¥46,172,759.61 in Q1 2022, indicating a decline of 74.0%[17] - The net profit for Q1 2023 was CNY 25,341,086.37, a decrease from CNY 52,806,823.25 in Q1 2022, representing a decline of approximately 52%[18] - The total comprehensive income for Q1 2023 was CNY 28,097,882.90, compared to CNY 53,705,161.17 in Q1 2022, indicating a decrease of about 48%[18] - The total revenue from sales of goods and services received in Q1 2023 was CNY 1,973,096,666.86, a decrease from CNY 2,631,752,746.36 in Q1 2022, reflecting a decline of about 25%[20] Cash Flow - The net cash flow from operating activities decreased by 59.94%, amounting to ¥134,025,581.78[5] - Cash flow from operating activities for Q1 2023 was CNY 134,025,581.78, down from CNY 334,587,446.19 in Q1 2022, reflecting a decline of approximately 60%[20] - Cash flow from investing activities showed a net outflow of CNY 1,036,933,307.51 in Q1 2023, compared to a net outflow of CNY 831,781,251.04 in Q1 2022, indicating an increase in cash outflow of about 25%[22] - Cash flow from financing activities generated a net inflow of CNY 756,968,973.93 in Q1 2023, down from CNY 867,622,726.49 in Q1 2022, representing a decrease of approximately 13%[22] Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥12,317,533,444.54, an increase of 5.27% from the end of the previous year[6] - Total current assets rose to ¥3,638,415,523.73 from ¥3,450,974,647.87, an increase of 5.4%[12] - Total non-current assets increased to ¥8,679,117,920.81 from ¥8,249,845,845.56, reflecting a growth of 5.2%[13] - Total liabilities increased to ¥7,593,147,643.36 from ¥7,006,335,180.16, an increase of 8.4%[14] - Total equity attributable to shareholders rose to ¥4,028,265,908.10 from ¥4,013,774,310.52, a slight increase of 0.4%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 62,149[8] - The equity attributable to shareholders increased slightly by 0.36% to ¥4,028,265,908.10[6] Expenses - Total operating costs for Q1 2023 were ¥1,711,416,122.11, down from ¥1,925,191,127.13 in Q1 2022, reflecting a reduction of 11.1%[17] - Research and development expenses for Q1 2023 were ¥9,725,045.72, up from ¥7,669,699.40 in Q1 2022, an increase of 26.8%[17] - The decline in net profit was primarily due to increased securities losses from subsidiaries, decreased gross margins on commodities, and rising financial expenses[6] Earnings Per Share - The basic earnings per share for Q1 2023 was CNY 0.0091, down from CNY 0.0407 in Q1 2022, indicating a decrease of approximately 78%[18] - The diluted earnings per share for Q1 2023 was CNY 0.0090, compared to CNY 0.0400 in Q1 2022, representing a decline of about 78%[18] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥807,940,602.35 from ¥1,049,267,909.84, a decline of 23.0%[12] - The cash and cash equivalents at the end of Q1 2023 were CNY 750,995,197.99, down from CNY 1,108,052,970.49 at the end of Q1 2022, indicating a decrease of approximately 32%[22]

Financial Performance - In 2022, the net profit attributable to shareholders of the listed company was CNY 363,721,926.96, with the parent company achieving a net profit of CNY 170,453,565.28[6]. - The company's operating revenue for 2022 was approximately 9.30 billion, representing a year-over-year increase of 34.06% compared to 2021[26]. - The net profit attributable to shareholders for 2022 was approximately 363.72 million, a decrease of 23.22% from 2021[26]. - The adjusted net profit attributable to shareholders, excluding non-recurring items, was approximately 143.26 million, down 12.69% from the previous year[26]. - The basic earnings per share for 2022 was 0.3294 yuan, a decrease of 24.45% compared to 2021[27]. - The weighted average return on equity for 2022 was 9.34%, down 3.19 percentage points from the previous year[27]. - The company's total revenue from the electricity sector was approximately CNY 2.42 billion, with a year-over-year decrease of 17.83%[60]. - The commodity trading segment generated revenue of approximately CNY 6.57 billion, reflecting a year-over-year increase of 40.30%[60]. - The gross profit margin for the electricity sector decreased by 2.78 percentage points to 15.99% compared to the previous year[60]. - The company reported a net profit margin of 542.07 million, indicating a significant increase in profitability[124]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.35 per 10 shares, which represents 41.49% of the net profit attributable to shareholders for 2022[6]. - The total number of shares as of April 18, 2023, was 1,117,768,211, leading to a total proposed cash dividend distribution of CNY 150,898,708.49 (including tax)[6]. - The company distributed a cash dividend of approximately ¥190 million, representing 40.12% of the net profit attributable to ordinary shareholders in the consolidated financial statements[155]. Assets and Liabilities - The total assets at the end of 2022 were approximately 11.70 billion, reflecting a year-over-year growth of 17.17%[26]. - The company's total assets attributable to shareholders amounted to RMB 4.013 billion, reflecting a year-on-year increase of 5.11%[55]. - Trading financial assets increased to 494.67 million, representing 4.23% of total assets, up 32.84% from the previous period[81]. - Long-term receivables rose to 1.18 billion, accounting for 10.05% of total assets, a 37.98% increase compared to the last period[81]. - Short-term borrowings increased to 2.64 billion, which is 22.59% of total assets, reflecting a 32.20% rise from the last period[81]. - The total guarantee amount (including guarantees to subsidiaries) was RMB 197.52136 million, accounting for 42.08% of the company's net assets[200]. Cash Flow - The net cash flow from operating activities for 2022 was approximately 779.66 million, showing a significant increase of 732.67% compared to 2021[26]. - The net cash flow from investing activities decreased by ¥168,221,157.08, mainly due to increased cash payments for equity acquisitions[78]. - The net cash flow from financing activities decreased by 37.58% year-on-year, totaling ¥801,688,441.66, primarily due to increased debt repayment[78]. - The net cash flow from operating activities increased by 732.67% year-on-year, amounting to ¥779,661,008.86, primarily due to increased tax refunds and reduced inventory balances[78]. Corporate Governance - The company has been recognized as a model enterprise for corporate governance by the State-owned Assets Supervision and Administration Commission[34]. - The company has implemented strict governance measures in compliance with relevant laws and regulations, ensuring effective internal control management[117]. - The company has maintained a stable governance structure, with clear responsibilities among shareholders, the board, and management[117]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee, to enhance governance[138]. - The company has established a performance evaluation and incentive mechanism for senior management, linking annual salaries to the completion of operational goals and profit performance[161]. Risk Management - The company has detailed various risks and countermeasures in the management discussion and analysis section of the report[9]. - The company faces macroeconomic volatility risks, which could lead to reduced industrial production and electricity demand, directly impacting profitability[113]. - Policy risks include potential adjustments to electricity sales prices, which may affect revenue and performance, as well as increased environmental protection costs[113]. - Market risks arise from the power supply-demand relationship in the East China grid and competition in the electricity market, which could impact the company's sales volume[113]. - External environmental risks, such as changes in downstream customer demand and extreme weather, may affect annual operational efficiency[114]. Environmental Initiatives - The company is focusing on clean energy and environmental protection, aligning with national dual carbon goals, and has developed various energy forms including biomass power generation and pumped storage[53]. - The company has implemented carbon reduction measures, achieving a reduction of 52.046 tons of CO2 equivalent emissions through the use of clean energy and carbon reduction technologies[176]. - The company has established emergency response plans for environmental incidents, ensuring preparedness and compliance with local regulations[173]. - The company has completed the environmental impact assessment for the multi-source industrial organic solid waste clean disposal technology research and demonstration project in 2022[172]. - The company has established a comprehensive internal control system that meets the requirements of the Ministry of Finance and the China Securities Regulatory Commission[162]. Research and Development - R&D expenses increased by 19.81% to 39.121 million RMB, with the company obtaining 12 utility model patents and 4 software copyrights during the reporting period[41]. - The company is exploring digital transformation and enhancing core competitiveness through collaboration with research institutions and universities[41]. - The company has expanded its R&D team and increased funding for innovation, which is expected to support future growth and sustainability[76]. - The company reported a total R&D expenditure of CNY 39.12 million, accounting for 0.42% of total revenue[69]. Strategic Development - The company is focusing on transitioning to a "comprehensive energy" model, emphasizing low-carbon and zero-carbon projects such as electrochemical energy storage and wind power[36]. - The company aims to enhance operational efficiency through equipment upgrades and optimization measures, leading to improved profitability[37]. - The company is actively involved in the development of new energy projects, including wind and solar, which saw significant increases in installed capacity in 2022[45]. - The company plans to expand its energy services across multiple provinces and economic development zones in the country[83]. - The company aims to become a leading regional low-carbon comprehensive energy service provider, focusing on new energy and energy environmental protection sectors[111]. Employee Management - The total number of employees at the parent company and major subsidiaries is 1,264, with 643 in production, 73 in sales, and 212 in technical roles[145]. - The company has implemented a comprehensive training plan for employees, focusing on various levels of staff, including new hires and mid-to-senior level personnel[148]. - The company has established a clear cash dividend policy, ensuring compliance with regulations and protecting the rights of minority shareholders[152]. - The remuneration for directors and senior management is determined based on performance assessments and annual audit reports, ensuring alignment with company goals[131]. Related Party Transactions - The company incurred a total of 213.09 million yuan in related party transactions for the year, compared to 85.47 million yuan in the previous year, reflecting a significant increase[190]. - The steam procurement from Guoneng Zhejiang Beilun Power Co., Ltd. amounted to 134.83 million yuan, slightly lower than the previous year's 136.69 million yuan[189]. - The company reported a total of 248.3 million yuan in related party transaction amounts, with a significant portion related to coal sales[192].

证券代码：600982 证券简称：宁波能源 公告编号：2023-032 债券代码：185462 债券简称：GC甬能01 宁波能源集团股份有限公司 关于举办2022年度网上业绩说明会的公告 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个别及连带责任。 重要内容提示： 一、说明会类型 宁波能源集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日在 上海证券交易所网站（www.sse.com.cn）披露了《宁波能源集团股份有限公司 2022 年年度报告》及其摘要。为便于广大投资者更加全面深入地了解公司经营 业绩、发展战略等情况，公司定于 2023 年 4 月 25 日（星期二）15:30-16:30 在 "价值在线"（www.ir-online.cn）举办 2022 年度网上业绩说明会，与投资者 进行沟通和交流，广泛听取投资者的意见和建议。 二、说明会召开的时间、地点和方式 会议召开时间：2023 年 4 月 25 日（星期二）15:30-16:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开时 ...

2022 年第三季度报告 证券代码：600982 证券简称：宁波能源 宁波能源集团股份有限公司 2022 年第三季度报告 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 | 项目 | 本报告期 | 上年同期 | | 本报告期比 上年同期增 减变动幅度 | 年初至报告期末 | 上年同期 | | 年初至报 告期末比 上年同期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 增减变动 | | | | | | (%) | | | | 幅度(%) | | | | 调整前 | 调整后 | 调整后 | | 调整前 | 调整后 | 调整后 | | 营业收入 | 2,455,905,783.29 | 1,250,076,767.62 | 1,597,494,855.74 | 53.73 | 7,231,469,623.11 | 3,361,127,880.57 | 4,444,651,335.98 | 62.70 | | 归属于上市公司股东的 | 81,395,693.22 | 61,693,636 ...

证券代码：600982 证券简称：宁波能源 公告编号：临 2022-062 债券代码：185462 债券简称：GC 甬能 01 | --- | --- | |----------------------------------------------------------------------|-------| | 宁波能源集团股份有限公司 | | | 关于提醒投资者防范不法分子假冒本公司名义从事 诈骗活动的公告 | | | 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个别及连带责任。 | | 近期，宁波能源集团股份有限公司（以下简称"本公司"或"公司"）接到 投资者反映，有不法分子假冒公司名义，利用网络投资平台，向投资者进行虚假 宣传，实施诈骗，骗取投资者的资金或个人信息。为此，本公司郑重提醒广大投 资者： 一、公司从未上线理财类 APP，未开展任何相关众筹集资业务及销售理财业 务，也从未授权任何个人或单位开展上述业务。 二、本公司法定名称：宁波能源集团股份有限公司；外文名称：NINGBO ENERGY GROUP ...

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥4,775,563,839.82, representing a 67.73% increase compared to ¥2,847,156,480.24 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥106,924,928.52, a slight increase of 1.18% from ¥105,673,304.94 in the previous year[18]. - The net cash flow from operating activities surged by 326.43% to ¥711,532,622.61, compared to ¥166,858,730.02 in the same period last year[18]. - Total assets increased by 9.17% to ¥10,901,993,891.13, up from ¥9,985,893,976.59 at the end of the previous year[18]. - The basic earnings per share for the first half of 2022 was ¥0.0981, a 0.93% increase from ¥0.0972 in the same period last year[19]. - The diluted earnings per share rose to ¥0.0970, reflecting a 1.04% increase from ¥0.0960 in the previous year[19]. - The weighted average return on net assets decreased to 2.78%, down from 2.89% in the same period last year, a decline of 0.11 percentage points[19]. - The company reported a decrease of 10.93% in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling ¥124,782,091.08 compared to ¥140,092,474.13 in the previous year[18]. - The company achieved operating revenue of 4.78 billion RMB, a year-on-year increase of 67.73%[40]. - Net profit attributable to shareholders was 107 million RMB, a year-on-year increase of 1.18%, while net profit after deducting non-recurring gains and losses decreased by 10.93% to 125 million RMB[40]. Cash Flow and Liquidity - The company's cash and cash equivalents increased to ¥1,153,474,701.61, representing 10.58% of total assets, up 33.25% from the previous year[43]. - The company's cash and cash equivalents increased to ¥318,468,004.00 from ¥149,379,917.77, representing a growth of 113.0%[126]. - The net cash inflow from operating activities reached CNY 711,532,622.61, a significant increase from CNY 166,858,730.02 in the previous period, reflecting a growth of approximately 326%[139]. - Cash inflow from financing activities totaled CNY 3,043,078,998.12, up from CNY 2,207,781,658.59, marking an increase of approximately 37.7%[140]. - The total cash and cash equivalents at the end of the period amounted to CNY 1,082,215,860.63, an increase from CNY 681,538,249.48, reflecting a growth of approximately 58.8%[140]. Investments and Subsidiaries - The company has established partnerships with leading technology teams and universities, resulting in 10 utility model patents and 3 software copyrights[30]. - The company has made strategic investments in environmental projects, including a stake in Tianjin Chuangye Environmental Protection[36]. - The company acquired a 20% stake in Zhoushan Huatai Petroleum Co., Ltd., investing ¥60 million during the reporting period[45]. - The company established a new subsidiary, Ningbo Langchen New Energy Co., Ltd., with a registered capital of ¥50 million, and has invested ¥11.5 million to date[45]. - The company also set up another subsidiary, Ningbo Yongneng Biomass Energy Development Co., Ltd., with a registered capital of ¥30 million, fully funded by the company[47]. Environmental Initiatives - The company is engaged in combined heat and power generation, biomass power generation, and energy storage services, with a focus on clean energy and environmental protection[23]. - The company processed 26,310.84 tons of sludge during the reporting period as part of its environmental initiatives[36]. - The company has a strong focus on social responsibility, maintaining emissions below national standards and exploring resource recycling in urban sludge management[30]. - The company has implemented various pollution control technologies, including SNCR denitrification systems and wet desulfurization systems, which are all operating normally[70]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[72]. Market and Industry Trends - The total installed power generation capacity in China reached 2.44 billion kW by the end of June 2022, representing an 8.1% year-on-year increase[25]. - The market trading volume of electricity in China increased by 45.8% year-on-year, reaching 2.4826 trillion kWh in the first half of 2022[26]. - The share of non-fossil energy generation capacity in newly added power generation capacity reached 83% in the first half of 2022[25]. - The company is actively pursuing new energy projects, including pumped storage and electrochemical energy storage, with a total installed capacity of 391.697 MW/919.353 MWh for electrochemical storage[26]. - The company is positioned to benefit from national policies promoting the development of clean energy and energy storage industries[27]. Financial Management and Liabilities - The company's total liabilities included ¥499,511,762.72 in bonds payable, primarily from issuing carbon-neutral green corporate bonds[43]. - The company's contract liabilities surged by 214.25% to ¥137,508,327.01, indicating an increase in obligations to transfer goods to customers[43]. - The company's accounts payable increased significantly by 202.20% to ¥184,345,000.00, reflecting a rise in goods settled by notes[43]. - The company's debt-to-asset ratio increased by 6.66% to 59.58% compared to the end of the previous year[118]. - The company's long-term equity investments rose to ¥1,928,697,592.35, up from ¥1,711,072,869.47 at the beginning of the year[121]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 87,379[99]. - The largest shareholder, Ningbo Development Investment Group Co., Ltd., holds 286,375,377 shares, representing 25.62% of the total shares[101]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder having a substantial stake[102]. - There were no changes in the total number of shares or the share capital structure during the reporting period[96]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[62]. Risk Factors - The company faces risks related to macroeconomic fluctuations, policy changes, market dynamics, and external environmental factors that could impact its operational performance[55][56]. - The company is actively monitoring the impact of rising raw material costs, particularly coal and natural gas, on its profitability[56]. Accounting Policies - The company has implemented specific accounting policies for financial instruments, inventory, and fixed assets, ensuring compliance with relevant accounting standards[161]. - The financial statements are prepared based on actual transactions and events, ensuring accurate reflection of the company's financial position[159]. - The company recognizes foreign exchange differences in other comprehensive income, except for those that should be capitalized based on borrowing costs[174]. - The company uses observable inputs for fair value measurement whenever possible, and non-observable inputs when necessary[181].

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 473,599,987.79, with the parent company achieving a net profit of CNY 107,847,813.07[6] - The proposed cash dividend is CNY 1.7 per 10 shares, amounting to a total of CNY 190,020,595.87, which represents 40.12% of the net profit attributable to shareholders for 2021[6] - The company's adjusted earnings per share (EPS) increased by 79.19% to CNY 0.4358 in 2021, compared to CNY 0.2432 in 2020[25] - Total revenue for 2021 reached CNY 6.91 billion, representing a 27.64% increase from CNY 5.42 billion in 2020[25] - Net profit attributable to shareholders rose by 82.09% to CNY 473.60 million in 2021, up from CNY 260.09 million in 2020[25] - The weighted average return on equity (ROE) improved by 5.25 percentage points to 12.52% in 2021, compared to 7.27% in 2020[25] - The company reported a significant decrease of 70.01% in net cash flow from operating activities, totaling CNY 93.63 million in 2021, down from CNY 312.18 million in 2020[25] - The company achieved a total operating revenue of 6,913,740,982.55 RMB, representing a year-on-year increase of 27.64%[52] - The net profit attributable to shareholders reached 47,360,000 RMB, marking an 82.09% increase compared to the previous year[51] Strategic Initiatives - The company is focusing on low-carbon and zero-carbon projects, including biomass energy, electrochemical energy storage, and wind power, as part of its strategic transformation[36] - The company aims to enhance operational efficiency through equipment upgrades and optimization measures, leading to improved profitability[37] - The company is committed to achieving carbon peak and carbon neutrality goals while advancing its comprehensive energy transformation strategy[36] - The company is actively participating in the construction of regional low-carbon energy centers and energy management services to support its comprehensive energy service goals[41] - The company is focusing on a dual-driven strategy, leveraging both technological innovation and financial investments to drive growth in its energy sector[49] Acquisitions and Investments - The company completed cash acquisitions of 100% stakes in Ningbo Mingzhou Biomass Power Co., Ltd. and Ningbo Energy Group Material Distribution Co., Ltd. during the reporting period[26] - The company has acquired 100% equity in Mingzhou Biomass and 100% equity in Material Distribution, enhancing investment returns and industry scale[41] - The company has increased its investment in energy-related financial assets, including a 20% stake in Huatai Petroleum, to strengthen its energy trading experience[41] - The company invested 12,121.164 million in Ningbo Ningneng Huicheng Venture Capital Partnership during the reporting period[88] - The company approved the acquisition of a 20% stake in Zhoushan Huatai Petroleum Co., Ltd. during the board meeting on December 7, 2021[128] Research and Development - Research and development expenses surged by 894.46% to 32,652,067 RMB, reflecting a strong commitment to technological innovation[52] - The company has established partnerships with leading technology teams, including China Huaneng Group and Ningbo Nottingham University, to enhance its technological capabilities[49] - The company has obtained 2 utility model patents and 1 software copyright in biomass boiler and flue gas denitrification technologies, contributing to its innovation capabilities[42] - The number of R&D personnel is 70, accounting for 5.99% of the total workforce, with a focus on smart power plants and energy efficiency[67] - The company is actively developing technologies in smart power plants, dual-supply heating and cooling, flue gas treatment, and biomass boilers[68][70] Environmental Responsibility - The company emphasizes environmental responsibility, with specific measures in place to monitor and report emissions from its thermal power plants[155] - The company reported a total pollutant discharge of 180 tons/year for nitrogen oxides and 125 tons/year for sulfur dioxide at Jinhua Thermal Power, adhering to environmental standards[155] - The company achieved a sulfur dioxide emission level of 17.58 mg/m³, which is below the limit of 35 mg/m³[158] - The nitrogen oxides emission level was recorded at 32.31 mg/m³, under the threshold of 50 mg/m³[158] - The company has implemented a high-efficiency flue gas purification system combining low nitrogen combustion and SNCR technology[165] Governance and Management - The company is implementing mixed-ownership reforms and expanding incentive mechanisms to enhance employee motivation and align income with corporate performance[106] - The company has a comprehensive evaluation process for determining the remuneration of directors and senior management based on performance targets and annual audit reports[124] - The company has maintained a stable shareholding structure among its senior management, with no changes in shareholdings reported during the period[115] - The company has established clear responsibilities and decision-making processes for its subsidiaries to ensure effective governance and operational oversight[151] - The company has implemented strict governance and management measures for subsidiaries, including performance assessments and internal audits to enhance operational efficiency[151] Financial Management - The company has engaged in various related party transactions, including property management services and steam sales, with transaction amounts ranging from RMB 202,024.90 to RMB 2,603,547.00[185] - The total amount of guarantees provided by the company, including those to subsidiaries, is RMB 176.66194 million, which accounts for 40.08% of the company's net assets[199] - The management income from the entrusted management agreements reflects the company's operational efficiency and revenue generation capabilities[195][196] - The company has maintained a stable income stream from management services, contributing positively to its overall financial performance[195][196] - The company has not reported any significant adverse impacts from the management agreements during the reporting period[195][196]