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： 中国核能电力股份有限公司（以下简称公司）已于 2023 年 4 月 27 日发布公 司 2022 年年度报告和 2023 年第一季度报告，为便于广大投资者更全面深入地了 解公司 2022 年度与 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 6 月 8 日下午 15:00-16:00 召开 2022 年度暨 2023 年第一季度业绩说明会，就投 1 会议召开时间：2023 年 6 月 8 日（星期四）15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网络地址：http://roads how.sseinfo.com） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 6 月 1 日（星期四）至 6 月 7 日（星期三）16:00 前登录上证路演中心首页点击"提问预征集"栏目或通过公司邮箱 cnnp _zqb@cnnp.com.cn 进行提问，公司将在说明会上对投资者普遍关注的 问题进行回答。 | 债券代码：16367 ...

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Financial Performance - The company reported a profit available for distribution to ordinary shareholders of CNY 1,726,701.34 million as of December 31, 2022[4]. - The proposed cash dividend distribution is CNY 1.7 per 10 shares, totaling CNY 320,787.92 million based on the total share capital of 1,886,987.7590 million shares as of March 31, 2023[4]. - The company's operating revenue for 2022 was approximately ¥71.29 billion, representing a 13.70% increase compared to ¥62.70 billion in 2021[17]. - The net profit attributable to shareholders for 2022 was approximately ¥9.01 billion, a 9.66% increase from ¥8.22 billion in 2021[17]. - The net cash flow from operating activities for 2022 was approximately ¥46.70 billion, reflecting a 31.14% increase from ¥35.61 billion in 2021[17]. - The total assets of the company as of the end of 2022 were approximately ¥464.62 billion, a 13.35% increase from ¥409.90 billion in 2021[18]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥88.64 billion, a 16.17% increase from ¥76.30 billion in 2021[18]. - The basic earnings per share for 2022 were ¥0.468, up 4.00% from ¥0.450 in 2021[19]. - The diluted earnings per share for 2022 were ¥0.467, reflecting a 7.60% increase from ¥0.434 in 2021[19]. - The weighted average return on equity for 2022 was 11.35%, a decrease of 0.95 percentage points from 12.30% in 2021[19]. - The company achieved a total profit of 19.57 billion RMB, a year-on-year increase of 16.23%[58]. - The company's operating revenue reached 71.29 billion RMB, up 13.70% from 62.70 billion RMB in the previous year[59]. - Operating costs increased to 38.76 billion RMB, reflecting an 11.19% rise compared to 34.85 billion RMB last year[59]. - The asset-liability ratio improved to 68.17%, a decrease of 1.20 percentage points compared to the previous year[58]. - The company reported a net cash flow from operating activities of 46.70 billion RMB, an increase of 31.14% year-on-year[60]. Risk Management and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has not violated any decision-making procedures for providing guarantees[5]. - The company has detailed potential risk factors and countermeasures in the report, particularly in the section discussing future development[5]. - The company has not disclosed any instances of more than half of the directors being unable to guarantee the authenticity of the annual report[5]. - The company is focused on compliance awareness and risk management related to regulatory oversight and international operations[140]. - The company has implemented a key risk control matrix focusing on core risk points, enhancing its risk management capabilities[161]. - The company faces risks related to project delays and increased construction costs, which could impact annual operational goals and long-term profitability[118]. - The company is implementing measures to ensure stable operation of nuclear power units, including enhancing safety management and personnel training[118]. Development and Future Plans - The company is focused on long-term development while balancing reasonable returns to investors[4]. - The company has outlined its future plans and development strategies, emphasizing the importance of investor awareness regarding investment risks[5]. - The company is focused on high-tech industry investments, emphasizing technological independence and rapid market entry[17]. - The company is committed to achieving the national "dual carbon" goals, positioning itself as a key player in the clean energy sector with significant growth potential[48]. - The company plans to enhance investment in key technology areas, including advanced energy technologies and nuclear power safety improvements[74]. - The company aims to accelerate the development of new-generation nuclear energy technologies and multi-purpose applications[74]. - The company plans to implement six major projects focusing on quality, efficiency, and power transformation during the "14th Five-Year Plan" period, enhancing eight core capabilities[108]. - The company is exploring partnerships with universities for hydrogen and energy storage projects, indicating a focus on innovative energy solutions[35]. - The company is actively expanding its market presence, with a focus on overseas energy markets and strategic partnerships with various institutions and enterprises[49]. Operational Efficiency and Management - The company’s operational efficiency and management capabilities have improved, contributing to a robust economic performance[26]. - The company achieved cost reductions exceeding 1 billion yuan through refined management practices, optimizing spare parts management, and inventory control[30]. - The company is focusing on digital innovation and has established a comprehensive refined management system to enhance operational efficiency and competitiveness[32]. - The company is undergoing a transformation towards centralized management to improve governance capabilities and operational efficiency[34]. - The company has established a management system for agile new industries and is accelerating the R&D of key projects such as perovskite solar cells[44]. Environmental and Social Responsibility - The company invested approximately ¥30,911.17 million in environmental protection during the reporting period[163]. - The company achieved a reduction of 158,571.5 tons in carbon dioxide equivalent emissions through clean energy generation, specifically nuclear power[169]. - The total power generation from nuclear, solar, and wind sources reached 199.287 billion kWh, equivalent to a reduction of 60.5235 million tons of standard coal[170]. - The company has developed and implemented an environmental monitoring plan that meets national standards, ensuring compliance with environmental regulations[167]. - The company has established emergency response plans for environmental incidents, enhancing its preparedness and response capabilities[166]. - The company donated a total of ¥1,841.94 million for various charitable projects, including education and pandemic relief efforts[172]. - The company has committed to not engaging in any business that constitutes substantial competition with China Nuclear Power, ensuring fair practices in related transactions[178]. - The company has established a "Tongxin model" that integrates industry leadership and strategic cooperation to effectively connect poverty alleviation and rural revitalization[176]. Governance and Management Structure - The company has received an A-level evaluation for information disclosure from the Shanghai Stock Exchange for the sixth consecutive year[58]. - The company has a total of 8 independent directors, with a focus on governance and oversight[128]. - The company’s board of directors includes a mix of experienced professionals from various sectors, enhancing its strategic decision-making capabilities[128]. - The company is committed to maintaining transparency and accountability in its financial reporting and governance practices[128]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 8.0215 million yuan[133]. - The company has established a standardized decision-making process for the remuneration of directors, supervisors, and senior management[133]. - The company’s performance evaluation results will influence the remuneration of senior management for 2022[133]. - The company held a total of 8 board meetings during the year, with 4 conducted in person and 4 via communication methods[139]. Shareholder Engagement and Compensation - The company has a cash dividend policy that mandates at least 30% of the distributable profit to be distributed in cash each year, ensuring sustainable returns to investors[150]. - The company has maintained a consistent cash dividend distribution for seven consecutive years, with an increasing amount each year[152]. - The cash dividend amount (including tax) for the year is 320,787.92 million CNY, which accounts for 36.99% of the net profit attributable to ordinary shareholders of the listed company[154]. - The company distributed a cash dividend of 0.15 CNY per share (including tax) for the year 2021, leading to an adjustment in the stock option exercise price from 4.86 CNY to 4.71 CNY[155]. - The total number of stock options granted under the equity incentive plan was adjusted from 12,277.2 million shares to 12,511.5 million shares following a non-public issuance of shares[155]. Related Party Transactions - The company executed transactions with China National Nuclear Corporation totaling 75.98 billion RMB for procurement and services, out of a maximum agreed amount of 150 billion RMB[186]. - The company executed 138.16 billion RMB in engineering construction services with China Nuclear Power Engineering Co., Ltd., against a maximum limit of 320 billion RMB for the year[186]. - The company reported a decrease in funds provided by its controlling shareholder, China National Nuclear Group, from 25.49 billion RMB at the beginning of the year to 16.86 billion RMB at the end, a reduction of 8.64 billion RMB[190]. - The company had a maximum deposit limit of 22 billion RMB with China Nuclear Finance Co., Ltd., with a period-end balance of 2.52 billion RMB after transactions totaling 2.55 billion RMB during the period[191]. - The company had a loan balance of 33.80 billion RMB with China Nuclear Finance Co., Ltd. at the end of the period, after receiving 21.18 billion RMB in loans during the year[193]. Employee and Management Changes - The company appointed Liu Huanbing as the new chief accountant on November 30, 2022, following the resignation of Zhang Yong[129]. - The company held a shareholder meeting on May 24, 2022, where Wu Yining was elected as a director, replacing the resigned director Tang Liang[129]. - The total number of employees at the parent company and major subsidiaries is 17,090, with 1,378 retirees[149]. - The company has a workforce composition of 2,797 management personnel, 6,275 technical professionals, and 2,950 operational staff[145]. - The company emphasizes the establishment of a long-term incentive mechanism to attract and retain talent[148].

Financial Performance - The company's operating revenue for Q1 2023 was ¥17,893,494,221.82, representing a 4.64% increase compared to ¥17,099,460,204.21 in the same period last year[4]. - Net profit attributable to shareholders was ¥3,023,133,804.99, up 4.79% from ¥2,884,076,302.67 year-on-year[4]. - Basic earnings per share for Q1 2023 were ¥0.157, a decrease of 1.88% from ¥0.160 in the previous year[5]. - The weighted average return on equity was 3.52%, down 0.55 percentage points from 4.07% in the same period last year[5]. - Total revenue for Q1 2023 reached ¥17,893,494,221.82, an increase from ¥17,099,460,204.21 in Q1 2022, representing a growth of approximately 4.6%[21]. - Operating profit for Q1 2023 was ¥6,632,236,123.67, compared to ¥6,491,676,602.78 in Q1 2022, reflecting a growth of approximately 2.2%[22]. - Net profit for Q1 2023 amounted to ¥5,403,892,625.80, an increase from ¥5,361,703,794.21 in Q1 2022, showing a growth of around 0.8%[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 6.45% to ¥9,584,826,921.88, primarily due to increased cash expenditures exceeding the growth in sales receipts[10]. - The company's cash and cash equivalents increased to ¥20.30 billion from ¥16.16 billion year-over-year, representing a growth of approximately 25.5%[18]. - The total current assets reached ¥70.76 billion, up from ¥65.76 billion, indicating a year-over-year increase of about 7.6%[18]. - The operating cash flow for Q1 2023 was CNY 19,632,018,023.23, up from CNY 17,811,270,041.19 in Q1 2022, reflecting a growth of approximately 10.2%[25]. - The net cash flow from investing activities for Q1 2023 was -CNY 12,168,764,799.67, compared to -CNY 6,754,176,834.44 in Q1 2022, indicating a significant increase in cash outflow[26]. - The net cash flow from financing activities for Q1 2023 was CNY 6,702,367,383.32, a substantial increase from CNY 795,115,731.44 in Q1 2022[26]. - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 19,704,275,432.88, compared to CNY 16,756,720,282.29 at the end of Q1 2022, showing an increase of approximately 11.6%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥478,661,068,228.84, reflecting a 2.97% increase from the previous year-end[5]. - Non-current liabilities totaled ¥257,509,127,606.35 in Q1 2023, up from ¥242,953,063,251.11 in Q1 2022, indicating an increase of about 6.0%[20]. - The total liabilities increased, with cash paid for financing activities rising to ¥1.12 billion, reflecting a higher amount deposited in time deposits compared to the previous year[14]. - The total assets as of Q1 2023 were ¥478,661,068,228.84, compared to ¥464,851,170,894.10 at the end of Q1 2022, marking an increase of approximately 2.0%[20]. - The total liabilities were CNY 10,470,209,309.08, slightly up from CNY 10,460,041,516.25 year-over-year[29]. Investments and Acquisitions - The company completed the acquisition of China Nuclear (Shandong) Technology Service Co., Ltd. in January 2023, which is accounted for as a business combination under common control[6]. - The company received cash from investment activities amounting to ¥347.50 million, primarily due to the acquisition of a wholly-owned subsidiary[12]. - The company is focusing on strategic acquisitions to enhance its competitive position in the market[30]. Research and Development - Research and development expenses for Q1 2023 were ¥232,194,309.43, down from ¥246,694,316.66 in Q1 2022, indicating a decrease of about 5.9%[22]. - Research and development expenses were CNY 9,921,091.02, reflecting the company's commitment to innovation[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 363,772, with the largest shareholder, China National Nuclear Corporation, holding 59.31% of the shares[15]. - The total equity increased to CNY 68,634,563,003.51 from CNY 68,540,969,405.66, showing a growth in shareholder value[29]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥5,289,848.85 for the period, after accounting for tax and minority interests[9]. - The company reported a significant increase in other income, which rose by ¥84.59 million, mainly from VAT refunds[12]. - The company's sales expenses increased by ¥56.80 million, attributed to higher costs associated with two specific power plant projects[12]. - The company's total inventory decreased to ¥22.99 billion from ¥24.81 billion, a decline of approximately 7.3% year-over-year[18]. - The company reported a decrease in financial expenses, with interest expenses down to CNY 80,344,568.44 from CNY 99,146,012.46[30]. - The company did not apply new accounting standards in 2023, maintaining consistency in financial reporting[33].

Financial Performance - The company's operating revenue for Q3 2022 was RMB 18,130.58 million, representing a 10.78% increase compared to RMB 16,366 million in the same period last year[2]. - Net profit attributable to shareholders was RMB 2,593.69 million, an increase of 26.96% from RMB 2,042.96 million year-on-year[3]. - The net profit after deducting non-recurring gains and losses was RMB 2,602.47 million, reflecting a 28.19% increase compared to RMB 2,030.22 million in the previous year[3]. - The basic earnings per share for the period was RMB 0.133, up 18.75% from RMB 0.112 in the same quarter last year[3]. - Operating revenue increased by 13.50% year-to-date due to the growth in nuclear power and new energy installed capacity and on-grid electricity volume[8]. - Net profit attributable to shareholders increased by 20.30% year-to-date, primarily driven by the increase in on-grid electricity volume and market electricity prices[8]. - Net profit excluding non-recurring items rose by 21.71% year-to-date, reflecting the overall increase in net profit[8]. - Total operating revenue for the first three quarters of 2022 reached ¥52.70 billion, a 13.0% increase from ¥46.43 billion in the same period of 2021[17]. - Net profit for the first three quarters of 2022 was ¥14.51 billion, representing a 23.4% increase compared to ¥11.77 billion in 2021[18]. - Total profit for the first three quarters of 2022 was ¥17.38 billion, a 24.0% increase from ¥13.98 billion in 2021[18]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was RMB 33,904.93 million, a 21.17% increase from RMB 27,981.44 million in the same period last year[3]. - Cash flow from operating activities for the first three quarters of 2022 was ¥57.75 billion, an increase from ¥49.72 billion in the previous year[20]. - Operating cash inflow totaled CNY 60.32 billion, up from CNY 51.52 billion year-over-year, representing a growth of approximately 17.5%[21]. - The company reported a net cash outflow from operating activities of CNY -150,944,282.75 for the first three quarters of 2022, compared to a net inflow of CNY 42,032,538.36 in the same period of 2021[29]. - Cash and cash equivalents increased by 78.85%, attributed to net inflows from operating and financing activities exceeding net outflows from investing activities[8]. - Cash and cash equivalents at the end of the period were CNY 22.59 billion, up from CNY 15.56 billion, reflecting a strong cash position[22]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 444,294.20 million, an increase of 8.39% from RMB 409,621.39 million at the end of the previous year[3]. - The company's current assets totaled RMB 76.84 billion, up from RMB 57.81 billion in the previous year, indicating a year-over-year increase of about 32.9%[14]. - Total liabilities reached RMB 295.91 billion, up from RMB 284.34 billion, which is an increase of about 4.5%[15]. - The company's total assets amounted to CNY 81,592,054,229.01, up from CNY 73,163,601,291.78 year-on-year[25]. - The company’s total liabilities decreased to CNY 10,400,807,150.82 from CNY 12,999,219,209.28 year-on-year[25]. Shareholder Information - The company reported a total equity attributable to shareholders of RMB 90,780.69 million, an increase of 18.98% from RMB 76,123.22 million year-on-year[3]. - The total number of ordinary shareholders at the end of the reporting period was 393,783[10]. - The largest shareholder, China National Nuclear Corporation, held 59.37% of the shares[11]. Investment and Expenses - Investment income increased by 79.34% year-to-date, mainly from higher returns on investments in joint ventures and associates[9]. - Research and development expenses for the first three quarters of 2022 amounted to ¥956.24 million, up 20.6% from ¥792.96 million in 2021[17]. - The company’s financial expenses for the first three quarters of 2022 were CNY 175,111,853.21, an increase from CNY 149,691,719.87 in the same period of 2021[26]. Other Financial Metrics - The company recognized a non-recurring gain of RMB 267 million from adjustments related to trial operation sales in the previous year[5]. - Government subsidies recognized during the period amounted to RMB 13.66 million, contributing to the overall financial performance[6]. - The company’s capital reserve increased significantly to CNY 22,084,281,129.72 from CNY 14,999,285,712.83 year-on-year[25]. - The company paid CNY 63.48 billion in debt repayments, up from CNY 43.68 billion, highlighting a focus on debt management[22].

Financial Performance - China National Nuclear Power Co., Ltd. reported a significant increase in revenue for the first half of 2022, with total revenue reaching CNY 20 billion, representing a year-on-year growth of 15%[12]. - The company achieved a net profit of CNY 5 billion in the first half of 2022, which is an increase of 10% compared to the same period last year[12]. - Future guidance indicates a projected revenue growth of 12% for the full year 2022, driven by increased electricity demand and operational efficiency improvements[12]. - The company's operating revenue for the first half of 2022 reached ¥34,572,467,790.41, representing a 14.98% increase compared to the same period last year[18]. - Net profit attributable to shareholders was ¥5,437,218,066.20, reflecting a 17.36% year-over-year growth[18]. - The net profit after deducting non-recurring gains and losses was ¥5,418,790,039.98, which is an 18.83% increase from the previous year[18]. - The net cash flow from operating activities amounted to ¥21,671,806,379.13, marking a 30.80% increase compared to the same period last year[18]. - The company reported a significant increase in accounts receivable, which rose to ¥9,000,000.00 from ¥4,500,000.00, a growth of 100%[104]. - The company reported a net profit margin improvement, with retained earnings increasing to CNY 28.85 billion from CNY 26.23 billion, a growth of 10%[103]. Operational Efficiency - The average capacity factor of all units was reported at 90%, reflecting effective management in optimizing planned outages and reducing unplanned energy losses[11]. - The average utilization hours for nuclear power units were 3,833 hours, with an average capacity factor of 92.48%[25]. - The company completed 8 major overhauls in its operating power plants, with an average overhaul duration of 26.67 days[36]. - The company’s commitment to safety resulted in 16 out of 25 operating nuclear units achieving a full score on the WANO comprehensive index[36]. - The company has implemented a performance assessment mechanism to improve operational efficiency and foster a culture of continuous improvement[31]. Market Expansion and Development - The company is focusing on expanding its market presence, particularly in the development of new nuclear power plants, with plans to add 3 new reactors by 2025[12]. - The company has over 10 nuclear power units in the preparatory phase, aligning with national nuclear power development plans[27]. - The company aims to contribute to the "dual carbon" goals by actively participating in green power trading and carbon trading[27]. - The company plans to expand its market presence and invest in new technology development to drive future growth[102]. Research and Development - China National Nuclear Power is investing heavily in R&D for advanced nuclear technologies, including the ACP100 small modular reactor, which aims to enhance safety and efficiency[12]. - Research and development expenses increased by 31.21% to CNY 605.68 million, reflecting enhanced investment in innovation[40]. - The company has developed a comprehensive talent management system, enhancing the training and introduction of high-end talents[30]. Financial Stability - The company has maintained a strong balance sheet with total assets amounting to CNY 100 billion, ensuring financial stability for future investments[12]. - The total assets of the company at the end of the reporting period were ¥432,276,262,269.44, a 5.46% increase from the end of the previous year[18]. - The company's cash and cash equivalents at the end of the period amounted to ¥21,355,297,362.84, representing 4.94% of total assets, an increase of 63.47% compared to the previous year[41]. - The company's total liabilities increased, with accounts payable reaching ¥4,021,294,521.17, which is 0.93% of total assets, reflecting a substantial increase of 158.78% year-over-year[43]. Risk Management - The company has outlined potential risks in its future development, including regulatory changes and market competition, and has strategies in place to mitigate these risks[6]. - The company faces risks related to pandemic control, which may affect project personnel mobility and construction progress[48]. - Engineering construction progress may deviate from planned schedules due to factors such as the pandemic and equipment delivery delays[49]. Corporate Governance - The company has been recognized as a model enterprise for corporate governance and ranked 223rd in the Fortune China 500 list[31]. - The company has not faced any administrative penalties due to environmental issues in the reporting period[59]. - The company has maintained compliance with all relevant regulations and has no significant violations or penalties reported[68]. Environmental Commitment - The company has actively engaged in ecological and environmental protection, ensuring that emissions from operating nuclear power plants comply with national standards[59]. - The company has implemented measures to optimize plant electricity usage and improve thermal efficiency, contributing to green and low-carbon development[61]. - In the first half of 2022, the company generated a total electricity output of 94.35 billion kWh, which is equivalent to reducing coal consumption by 27.47 million tons and cutting CO2 emissions by 71.98 million tons compared to coal-fired power generation[61]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 398,285[84]. - The largest shareholder, China National Nuclear Corporation, held 11,191,487,898 shares, representing 59.37% of the total shares[84]. - The company did not report any changes in controlling shareholders or actual controllers during the period[89]. Financial Instruments and Accounting Policies - The company confirms its financial assets and liabilities based on fair value and amortized cost, ensuring accurate financial reporting[144]. - The company recognizes revenue from electricity sales at the point when power is delivered to the grid, confirming revenue at that moment[180]. - The company applies the straight-line method for accounting for operating leases, recognizing rental expenses in the period incurred[185].