Financial Performance - The net profit attributable to the parent company's shareholders for 2022 was approximately ¥535.44 million, representing a significant achievement for the year[6]. - The parent company reported a net profit of approximately ¥129.54 million for the year, with retained earnings amounting to approximately ¥1.35 billion[6]. - The net profit attributable to shareholders for 2022 was CNY 535.44 million, a decrease of 30.59% from CNY 771.40 million in 2021[27]. - The company's operating revenue for 2022 was approximately CNY 1.84 billion, representing a 27.26% increase compared to CNY 1.45 billion in 2021[27]. - The cash flow from operating activities for 2022 was CNY 1.16 billion, showing a significant increase of 114.36% compared to CNY 539.64 million in 2021[27]. - The total assets at the end of 2022 reached CNY 18.97 billion, a 57.40% increase from CNY 12.05 billion at the end of 2021[27]. - The basic earnings per share for 2022 was CNY 0.22, down 37.14% from CNY 0.35 in 2021[28]. - The diluted earnings per share for 2022 was CNY 0.22, a decrease of 31.25% compared to CNY 0.32 in 2021[28]. - The company reported a net profit of CNY 160.65 million in Q4 2022, with a quarterly operating revenue of CNY 570.06 million[30]. - The net assets attributable to shareholders at the end of 2022 were CNY 5.81 billion, an increase of 10.62% from CNY 5.25 billion at the end of 2021[27]. Dividend Distribution - The company plans to distribute cash dividends totaling approximately ¥194.75 million, which accounts for 36.37% of the net profit attributable to the parent company[6]. - The proposed cash dividend for 2022 is CNY 194.75 million, accounting for 36.37% of the net profit attributable to the parent company's shareholders[187][192]. - The company plans to distribute a cash dividend of approximately CNY 0.80 per 10 shares (including tax) based on a total share capital of 2,434,312,419 shares as of March 31, 2023[188]. - The cumulative undistributed profits of the parent company amount to approximately CNY 1.35 billion[187]. - The cash dividend policy is clearly defined in the company's articles of association, requiring a minimum of 10% of the distributable profit to be distributed as cash dividends annually[187]. - The company has not adjusted its cash dividend policy during the reporting period[187]. - The company has a legal opinion confirming the compliance of the cash dividend policy with the articles of association and shareholder resolutions[189]. - The total cash dividend amount is subject to adjustment if there are changes in the total share capital before the dividend distribution date[188]. Risk Management - The company has not identified any significant risks that would affect its normal operations during the reporting period[13]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[10]. - The company faces risks related to fluctuations in grid electricity prices due to ongoing reforms in the electricity market, which may impact future performance[141]. - The company is exposed to risks from potential changes in tax incentive policies that could adversely affect its operating performance[142]. - The company acknowledges the risk of curtailment of wind and solar power generation due to grid limitations, which may affect overall power output[144]. - The company’s operating costs are significantly influenced by the prices of power generation equipment, which account for over 60% of total investment in power plants[148]. - The company is at risk of talent loss in the renewable energy sector, which could negatively impact its operational management and performance[150]. Corporate Governance - The company emphasizes the importance of independent governance structures, ensuring clear separation from its controlling shareholders in terms of assets, personnel, and finances[153]. - The company has established a complete and independent business system, including procurement, production, sales, and R&D, ensuring operational independence from shareholders and related parties[155]. - The company has taken measures to ensure the independence of its board and management, reinforcing its governance framework[155]. - The board of directors consists of 9 members, including 3 independent directors, and is supported by various committees to ensure effective governance and oversight[197]. - The company has implemented internal control activities based on the "Enterprise Internal Control Evaluation Guidelines," identifying one significant internal control deficiency during the reporting period[198]. - A financial reporting internal control deficiency was identified, resulting in an overstatement of total profit by CNY 137.5 million and net profit by CNY 118.12 million due to misclassification of investment income[199]. - The company has developed management guidelines for subsidiaries to ensure unified management and effective oversight in financial and operational areas[200]. Business Development - The company has diversified its business model into five key segments: renewable energy generation, rooftop distributed solar, power station sales, asset management, and fund business[63]. - The company plans to develop 800 MW to 1,000 MW of rooftop distributed solar projects over the next 3 years, focusing on commercial clients in economically developed southeastern coastal areas[51]. - The company is actively pursuing opportunities in pumped storage projects in Northeast China, with preliminary work already underway[134]. - The company is focusing on developing a comprehensive mechanism for rooftop distributed photovoltaic business, ensuring risk control and standardization across all operational processes[135]. - The company plans to establish two income-oriented industrial funds in collaboration with ProLogis and State Power Investment Corporation, focusing on renewable energy projects[139]. - The company is working on setting up an equity investment fund aimed at investing in new energy industrial parks or manufacturing sectors[139]. Market Position - The company achieved an operating revenue of CNY 184,096,780.00, which is a 27.26% increase year-on-year[64]. - The total revenue from the top five customers amounted to ¥165,313.09 million, representing 89.80% of the annual total sales, with the largest customer, State Grid Ningxia Electric Power Company, contributing ¥108,874.98 million or 59.14%[73][74]. - The company’s participation in market-oriented electricity trading was 205,242.71 million kWh, accounting for 56.98% of total grid electricity, a decrease of 12.66 percentage points year-on-year[99]. - The company’s market-oriented electricity trading volume decreased due to lower trading ratios in Henan, Hebei, and Shandong provinces[99]. Human Resources - The company employed a total of 162 staff members, with 61 in the parent company and 101 in major subsidiaries[181]. - The remuneration policy for directors and senior management is based on the company's profitability and individual contributions, with salaries adjusted according to market levels[183]. - The training plan includes skill enhancement for ordinary employees and targeted training for technical and management personnel to improve overall quality[184]. - The total compensation for the chairman, Chen Bo, was 12.12 million CNY for the year, with no changes in shareholding[160]. - The total compensation for the general manager, Zhao Jiwei, was 1.38 million CNY, with no changes in shareholding[160]. - The total compensation for the executive vice president, Han Xiaodong, was 1.26 million CNY, with a shareholding of 310,000 shares[161]. - The total compensation for the vice president, Zhou Jiesheng, was 1.26 million CNY, with no shareholding[162]. - The company reported a total of 4.82 million CNY in compensation for all executives listed[161]. Strategic Planning - The company’s 2021-2025 development strategy was approved, indicating a long-term growth plan[157]. - The strategic committee met once to discuss the company's development strategy for 2021-2025, aligning it with industry trends and the company's current status[179]. - The company continues to focus on strategic adjustments and governance improvements to enhance overall performance[169].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 20%[17]. - The company's operating revenue for the first half of 2022 was ¥753,734,489.09, representing a 5.87% increase compared to ¥711,968,733.77 in the same period last year[24]. - The net profit attributable to shareholders decreased by 12.25% to ¥222,343,010.49 from ¥253,396,114.70 year-on-year[24]. - The net cash flow from operating activities fell by 43.42% to ¥151,111,948.06, primarily due to increased costs and taxes from the consolidation of enterprises under different control[24][25]. - The basic earnings per share decreased by 23.56% to ¥0.0928 from ¥0.1214 in the previous year[25]. - The weighted average return on net assets dropped to 4.14%, down 2.49 percentage points from 6.63% in the same period last year[25]. - The company reported a total comprehensive income of CNY 222,343,010.49 for the first half of 2022[150]. - The company reported a net profit of RMB 61.16 million from Ningbo Fund, contributing significantly to overall performance[67]. Operational Capacity and Growth - The total installed capacity reached 2,000 MW, with a net increase of 300 MW compared to the previous year, indicating a growth rate of 17.65%[17]. - The total electricity generation for the period was 1.2 billion kWh, which is an increase of 15% year-on-year[17]. - The company plans to expand its market presence by entering two new provinces by the end of 2022, aiming for a 10% market share in these regions[17]. - The company has a total of 538.875 MW of projects under construction, including 361 MW of wind power and 177.875 MW of solar power[43]. - The company’s new energy power generation installed capacity reached 1,827.875 MW, including 1,791.5 MW from wind power and 30 MW from solar power[43]. Research and Development - Research and development expenses increased by 25% to 50 million RMB, focusing on new energy technologies and efficiency improvements[17]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the renewable energy sector[17]. Financial Position and Assets - Total assets increased by 46.69% to ¥17,648,004,263.06, attributed to the expansion of the consolidation scope from mergers[26]. - The company reported a total net assets of ¥5,498,316,435.76, reflecting a 5.03% increase from the previous year[24]. - The total assets of the company amounted to 1,764,800.43 thousand yuan, an increase of 46.69% compared to the end of the previous year[43]. - Total liabilities rose to CNY 2,056,686,983.63, an increase of 12.1% from CNY 1,835,086,956.55 in the prior period[136]. Risks and Challenges - The company faces risks related to changes in supportive policies for renewable energy, particularly regarding grid pricing and tax incentives[65][66]. - The company is exposed to wind and solar curtailment risks due to the intermittent nature of renewable energy generation[68]. - The company is actively monitoring interest rate risks that could impact operational performance due to potential increases in benchmark rates[70]. - The company is subject to government approval risks that could delay project development and affect investment recovery periods[72]. - The industry is highly dependent on weather conditions, and unforeseen weather changes or natural disasters could adversely affect power production and revenue[76]. - The ongoing COVID-19 pandemic may lead to further negative impacts on project development, construction, and operations due to government-imposed restrictions[76]. Shareholder and Equity Information - The number of ordinary shareholders as of the end of the reporting period is 77,339[109]. - The top ten shareholders hold a total of 1,000,000,000 shares, with Beijing Jiashi Longbo Investment Management Co., Ltd. holding 393,209,043 shares, representing 16.15%[111]. - The company’s registered capital increased to ¥1.00 billion, with major shareholders holding 60% and 40% stakes respectively[160]. - The company reported a profit distribution of approximately ¥119.66 million to shareholders, reflecting a decrease compared to the previous period[159]. Compliance and Governance - The board of directors and management have guaranteed the accuracy and completeness of the financial report, with no major omissions[7]. - The company confirmed no non-operational fund occupation by controlling shareholders or related parties[6]. - There were no significant lawsuits or arbitration matters during the reporting period[93]. - The company has not faced any penalties or corrective actions related to legal violations[93]. Future Plans and Strategies - The company plans to continue expanding its renewable energy projects and has initiated significant asset restructuring efforts to enhance operational efficiency[46]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[150]. - The company approved a strategic plan for 2021-2025, focusing on expanding its market presence and enhancing operational efficiency[81].

Financial Performance - Total operating revenue for Q1 2022 was RMB 271,784,844.81, a decrease of 14.2% compared to RMB 316,815,522.24 in Q1 2021[19] - Total operating costs for Q1 2022 were RMB 203,284,373.82, down 6.3% from RMB 217,002,874.45 in Q1 2021[19] - Basic earnings per share for Q1 2022 were RMB 0.0332, a decrease of 30.82% year-on-year[9] - Diluted earnings per share for Q1 2022 were RMB 0.0326, down 23.11% from the previous year[9] - The net profit attributable to shareholders for Q1 2022 was CNY 80,722,396.11, down 18.90% year-over-year[30] - The net profit after deducting non-recurring gains and losses for Q1 2022 was CNY 79,467,615.36, a decrease of 20.16% compared to Q1 2021[30] - The company reported a basic earnings per share decrease of 30.82% due to lower revenue and profit[31] - The net profit for the period was 80,933,035.13, a decrease from 99,531,014.82 in the previous period, representing a decline of approximately 18.5%[48] - The total revenue for the period was not explicitly stated, but the operating profit was reported at 90,580,423.24, down from 110,773,193.01, indicating a decrease of about 18.2%[48] Cash Flow - Net cash flow from operating activities was RMB 34,263,347.20, a decline of 53.49% compared to the previous period[9] - The cash flow from operating activities decreased by 53.49% due to increased costs and expenses during the period[31] - The cash flow from operating activities showed a net inflow of 34,263,347.20, down from 73,668,083.61, indicating a decline of approximately 53.5%[52] - The company experienced a net cash outflow from investing activities of 529,052,778.30, compared to 67,131,593.94 in the previous period[52] Assets and Liabilities - Total assets at the end of Q1 2022 were RMB 12,312,162,066.07, an increase of 2.34% from RMB 12,030,529,644.12 at the end of the previous year[9] - The total assets as of the reporting date were CNY 12,030,529,644.12, slightly down from CNY 12,050,125,357.47[25] - The total liabilities amounted to CNY 4,770,850,870.08, with current liabilities at CNY 1,498,422,048.32[25] - Total current assets amounted to RMB 2,653,741,842.83, with cash and cash equivalents at RMB 634,442,997.34[54] - Accounts receivable reached RMB 1,496,299,144.75, indicating a significant asset position[54] - Long-term equity investments were valued at RMB 2,212,293,046.30, reflecting the company's investment strategy[54] - Fixed assets totaled RMB 4,902,158,704.39, showing a stable asset base for operations[54] - Construction in progress was reported at RMB 1,419,009,829.71, indicating ongoing expansion efforts[54] - The total liabilities amounted to approximately 6.83 billion, up from 6.78 billion, indicating a slight increase[41] - Shareholders' equity rose to approximately 5.48 billion from 5.23 billion, representing an increase of about 4.8%[41] Strategic Developments - The company completed the registration of equity changes for strategic investors, enhancing its capital structure[14] - The company has successfully implemented a major asset restructuring, gaining control over the Ningbo Fund with a 99.9537% partnership share[14] - The company completed the transfer of shares to GLP Renewable Energy Investment I Limited, changing its controlling shareholder[35] - The company has not indicated any new product or technology developments in the current reporting period[36] Expense Management - The company reported a significant increase in management expenses, rising to 27,524,399.10 from 16,472,546.72, which is an increase of approximately 67.5%[48] - Financial expenses decreased to 63,771,918.75 from 71,865,129.56, a reduction of about 11.5%[48] - The company reported a significant reduction in employee compensation payable from 14.76 million to 2.16 million, a decrease of approximately 85.3%[40] Financial Adjustments - The company is adjusting its financial reporting in accordance with the Ministry of Finance's guidelines issued on December 30, 2021[56] - The board of directors of Ningxia Jiazhe New Energy Co., Ltd. is overseeing these financial adjustments and strategies[57]

[Important Content Disclaimer](index=1&type=section&id=Important%20Content%20Disclaimer) This section provides standard declarations, affirming the report's truthfulness and completeness by management, and states the quarterly financial statements are unaudited - Company management guarantees the truthfulness, accuracy, and completeness of the financial information in this quarterly report, free from false records, misleading statements, or major omissions[3](index=3&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) - The company's third-quarter financial statements are unaudited[4](index=4&type=chunk)[30](index=30&type=chunk)[41](index=41&type=chunk) [Key Financial Data and Shareholder Information](index=1&type=section&id=Key%20Financial%20Data%20and%20Shareholder%20Information) This section outlines the company's core financial performance and shareholder structure, noting asset and revenue growth from business combinations despite a decline in net profit [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q3 2022, operating revenue grew 38.07% and total assets increased 55.25% YTD due to business combinations, despite a decline in net profit attributable to shareholders Key Financial Indicators for Q3 and YTD 2022 | Indicator | Current Period (Q3) (CNY) | Year-to-Date (Jan-Sep) (CNY) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 517,173,115.87 | 1,270,907,604.96 | +16.97% | | Net Profit Attributable to Shareholders of Listed Company | 152,442,682.84 | 374,785,693.33 | -8.12% | | Net Cash Flow from Operating Activities | 284,444,624.02 | 435,556,572.08 | +11.09% | | Basic Earnings Per Share (CNY/share) | 0.0637 | 0.1566 | -17.23% | | Total Assets (Period-end) | 18,677,242,604.45 | 18,677,242,604.45 | +55.25% | | Shareholders' Equity Attributable to Listed Company (Period-end) | 5,759,256,834.75 | 5,759,256,834.75 | +10.02% | - Significant growth in operating revenue, operating cash flow, and total assets is primarily attributed to non-common control business combinations this year, expanding the consolidation scope, increasing installed capacity, and boosting power generation revenue[7](index=7&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Year-to-date, the company's net non-recurring gains and losses totaled CNY 31.94 million, primarily from a CNY 41.81 million gain due to non-common control business combinations Key Non-recurring Gains and Losses Items YTD | Item | Amount (CNY) | Description | | :--- | :--- | :--- | | Gain from acquisition of subsidiaries where investment cost is less than fair value of identifiable net assets | 41,810,801.04 | Primarily from non-common control business combinations | | Other non-operating income and expenses | -5,462,435.34 | - | | **Total** | **31,937,049.52** | - | [Shareholder Information](index=3&type=section&id=Shareholder%20Information) As of the reporting period end, the company had 75,612 common shareholders, with high concentration among the top ten, and actual controller Chen Bo forming a concerted action relationship - As of the end of the reporting period, the company had **75,612** common shareholders[29](index=29&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Shareholding Percentage (%) | Nature of Shares | | :--- | :--- | :--- | | Beijing Jiashi Longbo Investment Management Co., Ltd. | 16.15 | Domestic Non-State-Owned Legal Person | | Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd. | 13.70 | Domestic Non-State-Owned Legal Person | | GLP Renewable Energy Investment I Limited | 10.34 | Overseas Legal Person | - The company's actual controller, Chen Bo, controls Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd. and Beijing Jiashi Longbo Investment Management Co., Ltd., forming a concerted action relationship[30](index=30&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=Quarterly%20Financial%20Statements) This section provides unaudited consolidated financial statements, showing significant asset expansion and stable revenue growth, but also highlighting pressures on profitability and cash flow [Consolidated Balance Sheet](index=4&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets reached CNY 18.68 billion, a 55.25% increase from year-end, driven by non-current assets, with total liabilities rising to CNY 12.89 billion Key Items from Consolidated Balance Sheet (CNY) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **18,677,242,604.45** | **12,030,529,644.12** | | Total Current Assets | 3,721,272,090.51 | 2,653,741,842.83 | | Total Non-current Assets | 14,955,970,513.94 | 9,376,787,801.29 | | **Total Liabilities** | **12,893,294,595.93** | **6,782,882,806.18** | | Total Current Liabilities | 3,060,521,734.30 | 1,498,422,048.32 | | Total Non-current Liabilities | 9,832,772,861.63 | 5,284,460,757.86 | | **Equity Attributable to Parent Company Owners** | **5,759,256,834.75** | **5,234,882,966.88** | [Consolidated Income Statement](index=7&type=section&id=Consolidated%20Income%20Statement) In Q1-Q3 2022, total operating revenue grew 16.97% to CNY 1.27 billion, but increased costs and expenses led to a decline in net profit attributable to parent company shareholders by 8.12% Key Items from Consolidated Income Statement (Jan-Sep 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,270,907,604.96 | 1,086,548,108.63 | +16.97% | | Total Operating Costs | 891,075,610.11 | 749,340,707.97 | +18.91% | | Operating Profit | 371,205,209.71 | 438,751,440.10 | -15.39% | | Total Profit | 407,660,300.78 | 438,464,232.73 | -7.03% | | Net Profit | 384,294,051.22 | 407,747,619.53 | -5.75% | | Net Profit Attributable to Parent Company Shareholders | 374,785,693.33 | 407,919,833.38 | -8.12% | [Consolidated Cash Flow Statement](index=9&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1-Q3 2022, net cash flow from operating activities was CNY 436 million, while investing activities resulted in a net outflow of CNY 681 million, and financing activities generated a net inflow of CNY 187 million Key Items from Consolidated Cash Flow Statement (Jan-Sep 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 435,556,572.08 | 392,091,433.15 | | Net Cash Flow from Investing Activities | -681,301,287.30 | 202,879,720.14 | | Net Cash Flow from Financing Activities | 186,647,754.67 | -414,002,179.85 | | Net Increase in Cash and Cash Equivalents | -57,648,264.44 | 180,968,973.44 | [Other Significant Matters](index=11&type=section&id=Other%20Significant%20Matters) This section discloses significant matters impacting financial statements, primarily the company's first-time adoption of 'Interpretation No. 15 of Accounting Standards for Business Enterprises' from 2022, requiring retrospective adjustments [Explanation of Accounting Standard Changes](index=11&type=section&id=Explanation%20of%20Accounting%20Standard%20Changes) The company adopted 'Interpretation No. 15 of Accounting Standards for Business Enterprises' from 2022, adjusting opening financial statements and affecting fixed assets, construction in progress, surplus reserves, and retained earnings - The company first adopted 'Interpretation No. 15 of Accounting Standards for Business Enterprises' issued by the Ministry of Finance from 2022, adjusting the opening financial statements for the year of first adoption[46](index=46&type=chunk) - The accounting standard change resulted in an increase of **CNY 19,398,970.90** in opening retained earnings and a total increase of **CNY 19,595,713.35** in equity attributable to parent company owners[49](index=49&type=chunk)

2022 年第三季度报告 单位：元 币种：人民币 证券代码：601619 证券简称：嘉泽新能 公告编号：2022-101 债券代码：113039 债券简称：嘉泽转债 宁夏嘉泽新能源股份有限公司 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 主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------|----------------|-----------------------------------------|------------------|---------------- ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[22]. - The company's operating revenue for the first half of 2022 was RMB 753,734,489.09, representing a year-on-year increase of 5.87% compared to RMB 711,968,733.77 in the same period last year[28]. - The net profit attributable to shareholders for the first half of 2022 was RMB 340,460,188.27, a significant increase of 34.36% from RMB 253,396,114.70 in the previous year[28]. - The company's overall operating income for the first half of 2022 was 753.73 million CNY, reflecting a growth of 5.87% compared to the same period last year[48]. - The company's net profit for the first half of 2022 was approximately ¥346.47 million, an increase of 36.74% compared to ¥253.31 million in the same period of 2021[181]. - The company's total profit for the first half of 2022 was approximately ¥380.94 million, compared to ¥274.90 million in the same period of 2021, reflecting an increase of 38.49%[181]. Revenue and Growth - The total power generation during the reporting period was 1.8 million MWh, an increase of 20% year-on-year[22]. - The company has set a target of achieving a revenue growth of 20% for the full year 2022, supported by ongoing projects and market expansion[22]. - The company's revenue from renewable energy generation business was 701 million CNY, a decrease of 1.41% compared to the same period last year[39]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge in the renewable energy sector[33]. Assets and Liabilities - Total assets increased by 46.69% to RMB 17,648,004,263.06, compared to RMB 12,030,529,644.12 at the end of the previous year[28]. - The total assets at the end of the reporting period amounted to RMB 17,650,000,000, with accounts receivable increasing by 65.89% to RMB 2,482,219,007.41, attributed to the consolidation of non-controlling enterprises[58]. - The total liabilities increased significantly, with long-term payables rising by 81.53% to RMB 3,377,321,542.99, reflecting increased project financing[61]. - The total liabilities of the company as of June 30, 2022, amounted to 11.87 billion RMB, with a debt-to-asset ratio of 67.26%[155]. Cash Flow - The net cash flow from operating activities decreased by 43.42% to RMB 151,111,948.06, down from RMB 267,084,444.85 in the same period last year[28]. - Cash inflow from financing activities reached CNY 1.63 billion, a notable increase compared to CNY 373.79 million in the same period of 2021[199]. - The company reported a net cash outflow of CNY 33.16 million in the first half of 2022, compared to a net outflow of CNY 123.10 million in the same period of 2021[194]. Investments and Expenses - Research and development expenses increased by 25% to 50 million RMB, focusing on new energy technologies and efficiency improvements[22]. - Investment income surged by 153.94% to RMB 127,320,304.06, up from RMB 50,138,830.91, primarily due to the sale of a 25% stake in Ningxia Jialong[52]. - The company's financial expenses increased by 8.22% to RMB 176,033,411.58, compared to RMB 162,666,971.51 in the previous year[52]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces by the end of 2023, aiming for a 10% market share in these regions[22]. - The company has initiated a strategic partnership with a leading technology firm to enhance its renewable energy solutions, expected to launch by Q4 2023[22]. - The company has established multiple renewable energy industry investment funds in collaboration with well-known enterprises, enhancing its capital support for business expansion[42]. Risks and Challenges - The company is exposed to risks related to changes in supportive policies for renewable energy, which could impact future earnings[78]. - The company faces potential risks from wind and solar power curtailment due to grid stability issues, affecting overall generation capacity[82]. - The renewable energy sector faces a severe shortage of skilled management talent, which could negatively affect the company's future operations if key personnel leave[90]. Shareholder and Equity Information - The company has not disclosed any employee stock ownership plans or other incentive measures[106]. - The total amount of guarantees provided by the company, including those to subsidiaries, is RMB 5,708,135,745.34, which accounts for 98.80% of the company's net assets[122]. - The total number of shares after the change is 2,434,299,541, with 98.30% being unrestricted shares[128].

Financial Performance - The net profit attributable to the parent company's shareholders for 2021 was approximately ¥751.8 million, representing a year-on-year increase of 32.38%[6] - The company's operating revenue for 2021 was CNY 1,422,609,105.71, representing a 40.62% increase compared to CNY 1,011,659,256.02 in 2020[28] - The net profit attributable to shareholders for 2021 was CNY 751,799,414.31, a significant increase of 279.59% from CNY 198,057,142.70 in 2020[28] - The net cash flow from operating activities for 2021 was CNY 539,644,627.58, which is a decrease of 16.85% compared to CNY 649,020,553.90 in 2020[28] - The total assets at the end of 2021 were CNY 12,030,529,644.12, a slight decrease of 1.62% from CNY 12,228,811,441.20 in 2020[30] - The basic earnings per share for 2021 increased to CNY 0.34, up 240.00% from CNY 0.10 in 2020[30] - The weighted average return on equity for 2021 was 17.16%, an increase of 11.43 percentage points from 5.73% in 2020[30] - The company's net assets attributable to shareholders at the end of 2021 were CNY 5,234,882,966.88, reflecting a 42.87% increase from CNY 3,664,011,848.79 at the end of 2020[28] Dividend Distribution - The company plans to distribute cash dividends totaling ¥243.4 million for 2021, which is 32.38% of the net profit attributable to the parent company[6] - The proposed cash dividend for 2021 is RMB 243,428,705.90, representing 32.38% of the net profit attributable to shareholders[197] - The company plans to distribute a cash dividend of approximately RMB 1.00 per 10 shares, equating to RMB 0.10 per share (including tax)[197] - The cumulative undistributed profits of the parent company amount to RMB 1,474,112,220.31[197] - The company has established a cash dividend policy that mandates a minimum distribution of 10% of the annual distributable profit, contingent on certain conditions being met[194] Operational Capacity and Development - The company reported a total installed capacity of wind power projects, with a focus on expanding its operational capacity in the coming years[19] - The company's future development strategies include potential market expansions and new technology developments in renewable energy[19] - The company has completed the acquisition of 77.25% of the partnership interests in Ningbo Fund by the end of the reporting period[40] - The company established two subsidiaries, Jialong Asset Management and Jiajun Power Sales, to focus on new energy asset management[40] - The company is actively developing new energy projects in collaboration with major enterprises like CRRC Group and Goldwind Technology[39] - The company has formed a strategic partnership with Prologis to enhance project development and asset management capabilities[41] Renewable Energy Initiatives - The total installed capacity of renewable energy in China reached 1.063 billion kW, accounting for 44.8% of the total installed capacity[42] - Wind power generation in 2021 was 652.6 billion kWh, a year-on-year increase of 40.5%[44] - The average utilization rate of wind power nationwide was 96.9%, an increase of 0.4 percentage points year-on-year[45] - The company’s renewable energy asset management business reached a scale of 2,425 MW, with external service capacity of 1,357 MW, generating revenue of 27.36 million yuan and a net profit of 12.86 million yuan[53] - The company’s photovoltaic power generation capacity reached 306 million kW by the end of 2021, with a total generation of 325.9 billion kWh, a year-on-year increase of 25.1%[48] - The company’s total installed capacity of solar power stations at the end of the reporting period was 100 MW, with no sales of solar power stations during the period[98] Market Expansion and Strategic Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[22] - The company plans to focus on renewable energy development, aiming for a non-fossil energy consumption ratio of 20% by 2025 and 25% by 2030[120] - The total installed capacity for wind and solar power is projected to exceed 1.2 billion kilowatts by 2030[120] - The company aims to enhance its asset management and expand into power trading, green certificate trading, and carbon trading to ensure sustainable innovation and development[124] - The company plans to add approximately 230 million kW of new power generation capacity in 2022, with around 180 million kW from non-fossil energy sources[121] Risk Management - The company faces risks related to changes in supportive policies, including potential fluctuations in grid electricity prices and tax incentives[130][131] - The company is actively working to mitigate risks associated with wind and solar power curtailment due to grid stability issues[132][135] - The company faces risks related to interest rate fluctuations, which could adversely affect operating performance if benchmark rates rise significantly[137] - The procurement cost of power generation equipment accounts for over 60% of total investment, making price fluctuations in wind turbines and solar panels a significant risk to operating costs[141] - The company is vulnerable to natural disasters and unforeseen weather changes, which could adversely affect power production and revenue[144] Governance and Management - The company has established a robust governance framework, including a board of directors with 9 members and 3 independent directors, ensuring clear roles and responsibilities[148] - The company maintains financial independence with a dedicated finance department and independent accounting systems, ensuring compliance with tax regulations[151] - The company has a complete and independent business system, with no overlap in operations with its controlling shareholders, ensuring no competition in core business areas[151] - The company has implemented a maintenance system to minimize downtime of power generation equipment, but adverse weather could still lead to significant operational disruptions[142] Employee and Management Compensation - The company’s chairman and senior management received a total pre-tax remuneration of 176.40 million yuan during the reporting period[162] - Total remuneration for all directors, supervisors, and senior management amounted to CNY 10.4876 million[177] - The company has established a remuneration decision-making process based on its compensation management system[177] - The company adjusted the basic salary standards for the chairman and senior management to enhance the incentive mechanism[188]

2022 年第一季度报告 单位：元 币种：人民币 证券代码：601619 证券简称：嘉泽新能 公告编号：2022-050 债券代码：113039 债券简称：嘉泽转债 宁夏嘉泽新能源股份有限公司 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 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 (一)主要会计数据和财务指标 | --- | --- | --- | --- | |-----------------------------------------------|----------------|-------|------------------------------------| | 项目 | 本报告期 | ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥374,579,374.86, representing a year-on-year increase of 37.03%[6]. - The net profit attributable to shareholders for Q3 2021 was ¥154,523,718.68, reflecting a significant increase of 107.37% compared to the same period last year[6]. - The basic earnings per share for Q3 2021 was ¥0.0674, an increase of 87.74% year-on-year[8]. - Total revenue for the first three quarters of 2021 reached ¥1,086,548,108.63, a significant increase from ¥800,115,938.94 in the same period of 2020, representing a growth of approximately 35.8%[36]. - The net profit for the period reached 407,747,619.53 CNY, a significant increase compared to 192,945,562.13 CNY from the previous year, representing a growth of approximately 111.1%[39]. - Operating profit amounted to 438,751,440.10 CNY, up from 210,960,751.65 CNY, indicating an increase of about 108% year-over-year[39]. - The total comprehensive income for the period was 407,747,619.53 CNY, compared to 192,945,562.13 CNY in the same period last year, reflecting a growth of around 111.1%[41]. - Basic earnings per share were reported at 0.1892 CNY, compared to 0.0930 CNY in the previous year, marking an increase of approximately 103.5%[41]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥13,553,646,111.76, which is a 10.83% increase from the end of the previous year[8]. - The total liabilities of the company were reported at ¥8,722,723,487.96, compared to ¥8,564,799,653.37 in the previous year, showing an increase of about 1.8%[34]. - The equity attributable to shareholders increased by 31.85% year-on-year, reaching ¥4,831,094,898.61[8]. - The company's total assets as of the reporting date were ¥13,553,646,111.76, up from ¥12,228,811,441.20, reflecting a growth of approximately 10.8%[36]. - The total equity attributable to shareholders was 3,664,011,848.79 RMB, showing stability in shareholder value[56]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥392,091,433.15, showing a decrease of 4.30% compared to the previous year[8]. - Cash flow from operating activities generated a net amount of 392,091,433.15 CNY, slightly down from 409,695,155.72 CNY in the prior year[45]. - The net cash flow from investing activities was 202,879,720.14 RMB, a significant improvement from -1,502,639,638.03 RMB in the previous period[47]. - Total cash inflow from financing activities amounted to 1,392,313,942.00 RMB, down from 2,051,502,241.30 RMB[47]. - The net cash flow from financing activities was -414,002,179.85 RMB, compared to a positive 1,201,232,103.20 RMB in the prior period[47]. - The ending balance of cash and cash equivalents increased to 387,212,656.41 RMB from 231,140,319.28 RMB[47]. - As of September 30, 2021, the company's cash and cash equivalents amounted to RMB 491.44 million, an increase from RMB 309.48 million as of December 31, 2020[27]. Investments and Expansion - The company confirmed that the increase in revenue was primarily due to the commencement of new projects and improved average wind speeds in the region[12]. - The company plans to continue expanding its market presence and investing in new projects to sustain growth[12]. - The company signed agreements to transfer 100% equity of its wholly-owned subsidiaries, Ningxia Kaiyang New Energy Co., Ltd. and Ningxia Boyang New Energy Co., Ltd., to Beijing Jingneng Clean Energy Power Co., Ltd. for a total consideration of RMB 380.64 million and RMB 1.0724 billion respectively[20]. - The company plans to transfer 25% equity of Ningxia Jialong New Energy Operation Management Co., Ltd. to GLP Renewable Energy Investment II Limited for RMB 150 million, with the process currently underway[21]. - The company established a wind energy development industry fund with a target subscription amount of RMB 1.6 billion, involving multiple partners including CR Fund Management and China Power Construction Group[21]. - The company invested RMB 1.12471 billion to acquire a 39.9115% partnership interest in Ningxia Ningbo Industrial Investment Fund, with a corresponding paid-in capital of RMB 861.49 million[24]. Research and Development - The company has a strong focus on research and development, with R&D expenses reported at ¥249,728,515.72, compared to ¥207,870,528.60 in the previous year, reflecting an increase of about 20%[36]. - The company is focusing on expanding its market presence and enhancing product development strategies[49].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥711,968,733.77, representing a 35.16% increase compared to ¥526,764,764.44 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥253,396,114.70, a significant increase of 113.97% from ¥118,428,019.34 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥252,833,529.10, up 108.91% from ¥121,026,418.37 in the same period last year[19]. - The net cash flow from operating activities for the reporting period was approximately CNY 267.08 million, an increase of 51.98% compared to the previous year[22]. - The basic earnings per share for the first half of the year was CNY 0.1214, representing a 112.61% increase year-over-year[23]. - The diluted earnings per share increased by 88.44% to CNY 0.1076 compared to the same period last year[23]. - The weighted average return on equity rose to 6.63%, an increase of 3.13 percentage points from the previous year[23]. - The net assets attributable to shareholders increased by 22.04% to approximately CNY 4.47 billion compared to the end of the previous year[22]. - The total assets of the company reached approximately CNY 12.63 billion, reflecting a 3.29% increase from the previous year[22]. - The company reported a total asset value of 12.631 billion yuan, an increase of 3.29% compared to the end of the previous year[52]. - The company reported a significant increase in investment income, reaching ¥50,138,830.91 compared to ¥361,580.48 in the previous year[191]. - The total operating profit for the first half of 2021 was ¥103,522,480.58, compared to ¥47,929,503.47 in the first half of 2020, indicating significant growth[200]. Renewable Energy Capacity and Performance - The renewable energy installed capacity in China reached 971 million kilowatts by the end of June 2021, with wind power capacity at 292 million kilowatts and solar power capacity at 268 million kilowatts[38]. - The company’s wind power generation increased by approximately 44.6% year-over-year, contributing to a total of 344.18 billion kilowatt-hours in the first half of 2021[38]. - The average utilization rate for wind power reached 96.4%, an improvement of 0.3 percentage points compared to the previous year[38]. - As of June 30, 2021, the company's installed capacity for renewable energy reached 1,417.875 MW, including 1,361.5 MW for wind power and 50 MW for solar power[52]. - The total installed wind power capacity in China reached 292 million kW by the end of June 2021, with a year-on-year generation increase of 44.6%[41]. - The total installed solar power capacity in China was 268 million kW by the end of June 2021, with a year-on-year generation increase of 23.4%[42]. Investments and Subsidiaries - The company established a wind energy development industry fund to enhance its investment in renewable energy projects, aiming to integrate capital with industry effectively[52]. - The company has ongoing and planned projects totaling 342.5 MW, including 242.5 MW for wind power and 100 MW for solar power[52]. - The company has established a wholly-owned subsidiary, Ningxia Jialong New Energy Operation Management Co., Ltd., with an investment of RMB 50 million to engage in power generation, transmission, and supply services[69]. - The company invested RMB 25 million to hold a 50% stake in Linyi Jiazexihe New Energy Co., Ltd., in collaboration with Permanent Idea Development Limited and Beijing Xihe Energy Investment Co., Ltd.[72]. - The company acquired a 7.945% stake in Ningxia Ningbo Industrial Investment Fund (Limited Partnership) for RMB 22 million, with a paid-in capital of RMB 17.149 million[73]. - The company has established several subsidiaries, including Guangxi Jiazhe New Energy Co., Ltd. with an investment of 5.6 million CNY (56% ownership) and Ningxia Jiajun Electricity Sales Co., Ltd. with an investment of 20 million CNY (100% ownership) in 2021[114]. Financial Position and Liabilities - The company's total liabilities as of June 30, 2021, were 8.16 billion yuan, with a debt-to-asset ratio of 64.60%[173]. - The company's long-term credit rating remains at AA, with a stable outlook, indicating strong creditworthiness[173]. - The total amount of guarantees provided by the company, including those to subsidiaries, is CNY 4,862,899,586.80, which accounts for 108.76% of the company's net assets[134]. - The company provided guarantees totaling CNY 788,000,000.00 to subsidiaries during the reporting period, with a total outstanding guarantee balance of CNY 4,862,899,586.80 at the end of the period[134]. - The total amount of guarantees exceeding 50% of net assets is CNY 2,627,251,171.51[134]. Market and Regulatory Environment - The company is at risk of revenue decline due to potential changes in on-grid electricity prices, which could adversely affect operational performance if costs are not effectively controlled[89]. - The company has faced risks related to changes in supportive policies for renewable energy, which could impact future project revenues[88]. - The company is actively monitoring regulatory changes that could affect the renewable energy sector and its operational strategies[88]. - The company must navigate government approval processes for its wind and solar projects, and any tightening of these processes could delay project development and affect returns[100]. Operational Efficiency and Challenges - The company has implemented a supplier one-stop service model to enhance operational efficiency and reduce maintenance costs[43]. - The company has maintained a stable operational environment with no safety incidents reported during the first half of 2021[53]. - The company faces risks related to wind and solar power curtailment due to insufficient grid capacity to absorb generated electricity, which can significantly impact overall power generation[95]. - The company has obtained grid connection approvals for all its projects, but future projects may face delays in obtaining necessary permits, affecting their operational capacity[98]. - The company's operating costs are heavily influenced by the prices of power generation equipment, which account for over 60% of total investment; significant price increases could adversely affect profitability[101]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 83,613[150]. - The top shareholder, Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd., held 585,371,237 shares, representing 24.79% of total shares, with 378,321,470 shares pledged[150]. - The company granted 6,897,000 restricted shares to incentive plan participants, which will be released upon meeting certain conditions[158]. - The total number of restricted shares granted during the reporting period was 1,160,000, with no shares unlocked yet[161]. - The top ten shareholders accounted for a significant portion of the company's equity, with the largest shareholder holding nearly 25%[150].