Financial Performance - In Q3 2022, the company's operating revenue was approximately CNY 21.79 billion, a decrease of 2.14% compared to the same period last year[4] - The net profit attributable to shareholders was approximately CNY 2.89 billion, reflecting an 11.05% decline year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 2.82 billion, down 12.44% from the previous year[4] - The profit for the first nine months of 2022 was approximately CNY 15.87 billion, a decrease of about CNY 1.89 billion compared to the previous year[8] - The net profit attributable to shareholders for the first nine months was approximately CNY 8.79 billion, an increase of about CNY 0.48 billion year-over-year[8] - Total operating revenue for the third quarter of 2022 was approximately ¥58.42 billion, a decrease of 1.21% from ¥59.13 billion in the same period last year[20] - Net profit for the third quarter was approximately ¥13.10 billion, a decrease of 5.91% compared to ¥13.92 billion in the previous year[21] - The net profit attributable to shareholders of the parent company was approximately ¥8.79 billion, slightly up by 0.55% from ¥8.74 billion year-over-year[21] - Total profit for the third quarter was approximately ¥15.86 billion, down 1.18% from ¥16.05 billion in the same period last year[21] Cash Flow - The company's net cash flow from operating activities for the year-to-date was approximately CNY 24.33 billion, down 9.18% compared to the same period last year[4] - The cash inflow from operating activities for the current period was ¥67,009,351,014.39, a decrease of 2.93% compared to ¥69,031,322,940.91 in the previous period[22] - The net cash flow from operating activities was ¥24,328,787,492.92, down 9.14% from ¥26,788,116,606.67 in the same period last year[22] - The cash inflow from investment activities totaled ¥4,350,911,660.21, an increase of 1.81% from ¥4,273,302,451.14 in the previous period[22] - The net cash flow from investment activities was -¥6,993,975,432.71, an improvement from -¥9,969,284,857.76 in the previous year[22] - The cash inflow from financing activities was ¥61,133,965,807.63, an increase of 29.25% compared to ¥47,285,033,418.58 in the previous period[23] - The net cash flow from financing activities was -¥16,446,426,572.38, slightly worse than -¥16,225,377,742.60 in the same period last year[23] - The total cash and cash equivalents at the end of the period amounted to ¥12,415,504,764.29, up from ¥9,293,145,612.84 in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 402.10 billion, showing a slight increase of 0.52% compared to the end of the previous year[4] - As of September 30, 2022, current assets totaled CNY 67.07 billion, a decrease of 1.32% from CNY 67.97 billion at the beginning of the year[18] - Total liabilities amounted to CNY 244.91 billion, a decrease of 1.67% from CNY 249.08 billion[19] - Short-term borrowings decreased to CNY 14.48 billion from CNY 16.37 billion, a reduction of 11.56%[19] - The company's total equity increased to CNY 157.20 billion, up 4.93% from CNY 150.95 billion[19] - The non-current assets totaled CNY 335.04 billion, an increase from CNY 332.07 billion[18] - The company's total debt, including both current and non-current liabilities, was CNY 244.91 billion, representing a significant portion of the total assets[19] Revenue and Expenses - The total electricity generated by the company's nuclear power units from January to September 2022 was approximately 142.84 billion kWh, a decrease of 4.17% year-over-year[7] - The company reported a basic earnings per share of CNY 0.0571, down 11.06% from the previous year[4] - The company reported a basic earnings per share of ¥0.1741, compared to ¥0.1731 in the previous year[21] - Research and development expenses increased to approximately ¥885.73 million, up 20.24% from ¥736.31 million in the previous year[20] - The company reported a significant increase in inventory, rising to CNY 15.52 billion from CNY 15.25 billion, a growth of 1.77%[18] - The company reported a 34.80% increase in taxes and surcharges to RMB 58,045.84 million, driven by increased sales revenue from nuclear power plants[10] - Sales expenses decreased by 48.61% to RMB 3,013.98 million, primarily due to reduced sales activities impacted by the pandemic[10] Shareholder Information - The company’s major shareholder, China General Nuclear Power Group, holds 58.82% of the shares[12] - The company received government subsidies amounting to approximately CNY 5.25 million during the reporting period[6] Receivables and Investments - Accounts receivable decreased by 99.82% to RMB 304.76 million due to the recovery of matured notes from Ningde Nuclear Power[9] - Other receivables increased by 273.89% to RMB 19,935.73 million, primarily due to an increase in land transfer deposit payments[9] - Contract assets rose by 32.76% to RMB 444,298.62 million, mainly from the increase in contract assets for offshore wind power projects[9] - Investment income received increased by 40.13% to RMB 69,480.00 million, attributed to higher dividend distributions from joint ventures[11] - Cash flow from investing activities surged by 574.49% to RMB 81,002.18 million, mainly due to cash payments for acquiring equity in a subsidiary[11]

Financial Performance - For the third quarter of 2022, CGN Power Co., Ltd. reported operating revenue of CNY 21,792,933,291.06, a decrease of 2.14% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 2,885,573,841.76, reflecting an 11.05% decline year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,818,465,448.34, down 12.44% from the previous year[5]. - The basic earnings per share for the quarter was CNY 0.0571, a decrease of 11.06% compared to CNY 0.0636 in the same quarter last year[5]. - The total profit for Q3 2022 was approximately ¥15.86 billion, a decrease from ¥16.05 billion in Q3 2021, representing a decline of about 1.18%[24]. - The net profit attributable to shareholders of the parent company was approximately ¥8.79 billion, slightly up from ¥8.74 billion in the same period last year, indicating a growth of about 0.4%[24]. - The total comprehensive income for Q3 2022 was approximately ¥13.89 billion, compared to ¥13.94 billion in Q3 2021, reflecting a decrease of about 0.36%[24]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 402,102,128,347.71, showing a slight increase of 0.52% from the previous year[5]. - The total liabilities decreased to CNY 244.91 billion from CNY 249.08 billion year-on-year, reflecting a reduction of 1.74%[22]. - The total equity increased to CNY 157.20 billion, up from CNY 150.95 billion, representing a growth of 4.83%[22]. - As of September 30, 2022, the total current assets amounted to approximately CNY 67.07 billion, a decrease of 1.32% from CNY 67.97 billion at the beginning of the year[21]. - The total non-current assets reached approximately CNY 335.04 billion, an increase from CNY 332.07 billion at the beginning of the year[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 24,328,787,492.92, a decrease of 9.18% compared to the same period last year[5]. - Cash flow from operating activities for the period was approximately ¥24.33 billion, down from ¥26.79 billion in the previous year, a decline of about 9.15%[25]. - Cash flow from investing activities showed a net outflow of approximately ¥6.99 billion, an improvement from a net outflow of ¥9.97 billion in the same period last year[25]. - Cash flow from financing activities resulted in a net outflow of approximately ¥16.45 billion, slightly worse than the net outflow of ¥16.23 billion in Q3 2021[26]. - The company reported cash and cash equivalents at the end of the period amounting to approximately ¥12.42 billion, an increase from ¥9.29 billion at the end of Q3 2021, representing a growth of about 33.1%[26]. Operational Metrics - The total electricity generated by the nuclear power units managed by the company from January to September 2022 was approximately 142.837 billion kWh, a decrease of 4.17% compared to the same period last year[8]. - The company's operating revenue for the first nine months of 2022 was approximately CNY 58.415 billion, a decrease of about CNY 0.072 billion compared to the same period last year[9]. - The total profit for the first nine months of 2022 was approximately CNY 15.865 billion, a decrease of about CNY 0.189 billion compared to the same period last year[9]. - The company's weighted average return on equity for the reporting period was 2.76%, down from 3.27% in the previous year[5]. - The company has seven nuclear power units under construction, with a total installed capacity of 8,380 MW[19]. Changes in Accounting Policies - The company implemented a new accounting policy regarding the treatment of revenue from trial operation sales starting January 1, 2022[6]. - The company has made retrospective adjustments for trial operation sales that occurred between January 1, 2021, and the implementation date of the new policy[6]. Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 261,287[14]. - The company's receivables from bills decreased by 99.82% to CNY 304.76 million due to the recovery of matured bills by Ningde Nuclear Power[10]. Research and Development - Research and development expenses increased to CNY 885.73 million, up 20.24% from CNY 736.31 million in the previous year[23]. Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[23].

Financial Performance - For the first half of 2022, the operating revenue decreased by 0.66% year-on-year to RMB 36,622.09 million[5]. - Net profit attributable to shareholders increased by 7.39% year-on-year to RMB 5,904.50 million[5]. - Operating revenue for the first half of 2022 was RMB 36,622,093.48 thousand, a decrease of 0.7% compared to RMB 36,865,672.29 thousand in the same period of 2021[19]. - EBITDA margin improved to 52.3% in the first half of 2022, up from 51.2% in the same period of 2021[18]. - Net profit attributable to shareholders increased by 7.4% to RMB 5,904,498.33 thousand, compared to RMB 5,498,143.47 thousand in the first half of 2021[19]. - Total comprehensive income for the first half of 2022 was RMB 9.20 billion, an increase of 6.16% compared to RMB 8.67 billion in the same period of 2021[134]. - Basic and diluted earnings per share improved to RMB 0.117, up from RMB 0.109 in the previous year[134]. - Investment income rose significantly to RMB 4.24 billion, compared to RMB 1.90 billion in the same period of 2021, marking a growth of 123.06%[136]. Operational Metrics - The total installed capacity as of June 30, 2022, was 7,180 MW, with a total of 26 operational units[6]. - The total electricity generated (including joint ventures) was 74,515.61 GWh, a decrease of 5.76% compared to the same period in 2021[6]. - Total electricity generated by the company's nuclear power stations was 92,835.27 GWh, a decrease of 2.51% compared to 95,226.50 GWh in the same period of 2021[50]. - The average capacity factor of the 26 operating units was 87.88%, down from 89.57% in the first half of 2021[55]. - The average load factor for the same period was 80.34%, compared to 86.55% in the previous year[55]. - The average operating hours for the units in the first half of 2022 were 3,490 hours, a decrease from 3,726 hours in the first half of 2021[55]. Financial Position - The total assets as of June 30, 2022, amounted to RMB 404,084.54 million, an increase from RMB 400,032.87 million at the end of 2021[9]. - The total liabilities as of June 30, 2022, were RMB 250,616.23 million, compared to RMB 249,082.58 million at the end of 2021[9]. - The debt-to-asset ratio was 62.0%, slightly improved from 62.3% at the end of 2021[18]. - The total current assets as of June 30, 2022, amount to RMB 69,821,814,668.98, an increase from RMB 67,966,150,830.45 as of December 31, 2021[126]. - Cash and cash equivalents are reported at RMB 18,837,507,511.19, up from RMB 15,827,729,811.43 year-over-year[126]. - Total liabilities increased to RMB 250.62 billion as of June 30, 2022, compared to RMB 249.08 billion at the end of 2021, reflecting a growth of 0.62%[127]. Shareholder Information - The company plans to maintain a dividend payout ratio of no less than 30% of the net profit attributable to shareholders for future distributions[11]. - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2022[12]. - The company has a total of 279,232 registered shareholders as of June 30, 2022[10]. - The total remuneration for directors, supervisors, and senior management for the six months ended June 30, 2022, is approximately RMB 12.04 million, while total employee costs amount to approximately RMB 4,836.44 million (excluding joint ventures)[111]. Safety and Compliance - The company emphasizes safety as a top priority, achieving zero infections among staff at nuclear power bases during the pandemic[47]. - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported[49]. - The company conducted joint emergency drills to ensure effective emergency response capabilities[48]. - The company continues to enhance its safety management system and promote a culture of nuclear safety among all employees[48]. - The company has not faced any administrative penalties or criticisms during the reporting period, ensuring compliance with regulatory requirements[98]. Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[17]. - The company actively participates in market trading as the electricity market reform progresses, aiming for better trading prices and larger market shares[45]. - The company recognizes the strategic opportunity in the nuclear power industry as the country continues to promote nuclear energy development policies[43]. - The company is actively exploring new technologies and models for comprehensive nuclear energy utilization, aiming to enhance market competitiveness and support the development of its nuclear power business[74]. Cash Flow and Investment Activities - The net cash inflow from operating activities for the first half of 2022 was RMB 12,936.52 million, down by RMB 2,798.96 million or 17.79% year-on-year[26]. - The company reported a net cash outflow from investment activities of RMB 4,417.71 million, a decrease of RMB 652.38 million or 12.87% compared to the same period in 2021[26]. - Cash inflow from financing activities increased significantly to RMB 46,659,269,957.51, up 56.7% from RMB 29,772,926,197.91 in the previous year[139]. - Cash outflow for financing activities totaled RMB 51,611,270,336.00, compared to RMB 36,577,760,496.01 in the same period last year, indicating a rise of 41.1%[139]. Corporate Governance - The company has maintained high levels of corporate governance, complying with the corporate governance code and ensuring shareholder rights are protected[94]. - The company held its annual general meeting and reported on its 2021 operating performance and the first quarter of 2022, addressing shareholder concerns[97]. - The company appointed a new supervisor with extensive experience in financial management and corporate governance[104]. - The company has established an Audit and Risk Management Committee, which reviewed and confirmed the interim results announcement for the six months ended June 30, 2022[109].

Financial Performance - The operating revenue for the first half of 2022 was CNY 36,622,093,484.82, a decrease of 0.66% compared to the same period last year[11]. - The net profit attributable to shareholders was CNY 5,904,498,333.83, representing an increase of 7.39% year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,724,735,515.70, up by 5.38% compared to the previous year[11]. - The net cash flow from operating activities was CNY 12,936,515,886.58, a decline of 17.79% from the same period last year[11]. - The total assets at the end of the reporting period were CNY 404,084,544,716.51, an increase of 1.01% compared to the end of the previous year[11]. - The net assets attributable to shareholders at the end of the reporting period were CNY 102,836,631,931.73, reflecting a growth of 1.88% year-on-year[11]. - The basic earnings per share for the first half of 2022 was CNY 0.117, an increase of 7.34% compared to the same period last year[11]. - The diluted earnings per share also stood at CNY 0.117, marking a 7.34% increase year-on-year[11]. - The weighted average return on equity was 5.72%, up by 0.07 percentage points from the previous year[11]. Operational Highlights - The company manages 26 operational nuclear units and 6 under construction, with a total installed capacity of 29,380 MW and 7,180 MW, respectively, accounting for 52.85% and 33.03% of the national total for operational and under-construction nuclear capacity[16]. - In the first half of 2022, the company's managed nuclear power plants generated a total of 92.835 billion kWh, representing 49.77% of the national nuclear power generation[18]. - The company achieved a reduction in standard coal consumption by approximately 27.832 million tons and a reduction in CO2 emissions by about 76.868 million tons in the first half of 2022[18]. - The company maintains a high operational management level, with 84.38% of performance indicators for operational units in the top 25% globally and 82.64% in the top 10%[20]. - All 26 operational nuclear units managed by the company achieved safe and stable operation in the first half of 2022[35]. Environmental Impact - The company has a significant environmental impact, with substantial reductions in emissions contributing to sustainable development goals[17]. - The company reported a reduction of approximately 27.83 million tons of carbon dioxide emissions due to its nuclear power generation in the first half of 2022[42]. - The company has implemented a comprehensive radioactive waste management mechanism, ensuring that emissions are below national approved limits[93]. - The company’s nuclear power stations have effectively managed radioactive waste and maintained compliance with environmental standards[89]. - The company has conducted environmental impact assessments for all ongoing nuclear power projects, receiving approvals from the Ministry of Ecology and Environment[90]. Research and Development - The company has developed the self-owned third-generation nuclear technology "Hualong One," which is being used in multiple ongoing projects[23]. - The company has established a national engineering technology center and multiple national-level R&D centers to enhance its research and development capabilities[24]. - R&D investment amounted to approximately RMB 1.16 billion in the first half of 2022, promoting deep localization of key nuclear energy systems and components[94]. Financial Management - The company has reduced its foreign currency borrowings by approximately RMB 467 million compared to the end of 2021, effectively managing exchange rate risks[55]. - As of June 30, 2022, the company has approximately RMB 136.144 billion in unused bank credit facilities and RMB 18.838 billion in cash, ensuring sufficient liquidity for operations[55]. - The company reported a significant increase in cash and cash equivalents to CNY 18,837,507,511.19 from CNY 15,827,729,811.43[157]. - The company’s long-term equity investments increased to CNY 13,008,571,701.80 from CNY 12,457,405,017.92[158]. Community Engagement - The company actively participated in the "Rural Revitalization" strategy, implementing 12 assistance projects in the first half of 2022[98]. - A total of RMB 17.11 million was invested in targeted poverty alleviation efforts, focusing on industrial, ecological, and talent revitalization in Guangxi, Guangdong, and Fujian provinces[98]. - The company donated 60 tablets and various teaching aids worth approximately RMB 120,000 to 8 rural primary schools, benefiting over 1,600 students and teachers[100]. - The company organized 5 media communication and press conferences in the first half of 2022 to enhance transparency and public trust in nuclear energy[95]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The company has maintained a non-standard audit report status for the half-year financial report[110]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[112]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[110].

Financial Performance - The company's operating revenue for Q1 2022 was approximately RMB 17.18 billion, a slight increase of 0.17% compared to the same period last year[4]. - Net profit attributable to shareholders for Q1 2022 reached approximately RMB 2.85 billion, representing a year-on-year increase of 20.10%[4]. - The total operating revenue for Q1 2022 was CNY 17,177,711,032.09, a slight increase from CNY 17,148,253,459.92 in Q1 2021, representing a growth of approximately 0.17%[19]. - Net profit for Q1 2022 was CNY 4,263,667,424.10, up from CNY 3,808,829,160.29 in the same period last year, indicating an increase of approximately 11.93%[20]. - The total comprehensive income for the first quarter of 2022 was CNY 4,240,422,163.67, an increase from CNY 3,878,294,824.72 in the same period last year, representing a growth of approximately 9.34%[21]. - The basic and diluted earnings per share for the first quarter were both CNY 0.056, compared to CNY 0.047 in the same period last year, marking an increase of 19.15%[21]. Cash Flow and Investments - The net cash flow from operating activities decreased by 46.96% to approximately RMB 3.94 billion compared to the previous year[4]. - The cash inflow from investment activities surged by 1976.30% to approximately RMB 153.78 million, mainly due to the maturity of fixed-term deposits[9]. - Net cash flow from investment activities improved by 78.59% to CNY -82,603.11 million, influenced by the same factors as above[10]. - Cash flow from financing activities showed a net outflow of CNY -110,307.14 million, a 63.61% improvement compared to the previous period, as inflows from new borrowings exceeded outflows for debt repayments[10]. - The net increase in cash and cash equivalents was CNY 200,913.21 million, representing a 272.46% increase, driven by the combined effects of operating, financing, and investment activities[10]. - The cash inflow from financing activities was CNY 27,445,204,032.55, significantly higher than CNY 12,642,290,671.34 in the previous year, indicating a growth of approximately 117.56%[24]. - The total cash outflow from financing activities was CNY 28,548,275,467.41, compared to CNY 15,673,726,174.49 in the previous year, representing an increase of about 82.00%[24]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately RMB 403.20 billion, reflecting a 0.80% increase from the previous year[4]. - The company's total assets amounted to CNY 403,197,706,334.65, compared to CNY 399,993,007,845.38 at the end of the previous period, showing a growth of about 0.52%[18]. - Total liabilities were reported at CNY 249,803,898,027.73, a slight increase from CNY 249,082,576,221.41, reflecting a growth of approximately 0.29%[18]. - Total current assets rose to CNY 71,447,014.39 million from CNY 67,966,150.83 million, reflecting an increase in cash and receivables[16]. - Long-term equity investments increased by CNY 400,210.22 million, indicating growth in the company's investment portfolio[16]. Research and Development - Research and development expenses for Q1 2022 were CNY 133,452,979.10, down from CNY 210,620,865.83, representing a decrease of about 36.67%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 286,276, with the largest shareholder holding 58.82% of the shares[11]. - The company plans to distribute a cash dividend of CNY 0.84 per share, pending approval at the annual general meeting[14]. Future Plans - The company plans to continue expanding its market presence and enhancing its operational efficiency through strategic investments and technology development[6]. - The company plans to continue focusing on market expansion and technological innovation to drive future growth[19].

Financial Performance - The company's operating revenue for Q1 2022 was approximately RMB 17.18 billion, a slight increase of 0.17% compared to the same period last year[5]. - Net profit attributable to shareholders for Q1 2022 was approximately RMB 2.85 billion, representing a year-on-year increase of 20.10%[5]. - The total profit for Q1 2022 was approximately RMB 5.17 billion, an increase of about RMB 800 million compared to the same period last year[7]. - The net profit for Q1 2022 was CNY 4,263,667,424.10, an increase of 11.9% compared to CNY 3,808,829,160.29 in Q1 2021[21]. - Operating profit for Q1 2022 reached CNY 5,175,654,506.33, up from CNY 4,366,025,112.67 in the same period last year, reflecting a growth of 18.5%[21]. - The company reported a total comprehensive income of CNY 4,240,422,163.67 for Q1 2022, compared to CNY 3,878,294,824.72 in Q1 2021, representing an increase of 9.3%[22]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.056, up from CNY 0.047 in the same quarter last year, reflecting a growth of 19.1%[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 46.96% to approximately RMB 3.94 billion compared to the previous year[5]. - Cash inflow from investment activities increased by 1976.30% to RMB 153,777.94 million, mainly from the maturity of term deposits over three months[10]. - Cash flow from financing activities showed a net outflow of RMB 110,307.14 million, a decrease of 63.61% compared to the previous year[11]. - The net increase in cash and cash equivalents was RMB 200,913.21 million, a 272.46% increase compared to the previous year[11]. - The company reported a significant increase in investment-related cash receipts, up 2535.34% to RMB 152,962.31 million, primarily from the maturity of term deposits[10]. - Cash flow from operating activities generated a net amount of CNY 3,944,891,218.50, significantly lower than CNY 7,438,028,014.38 in the previous year, a decrease of 47.0%[24]. - The cash and cash equivalents at the end of the period reached CNY 13,580,971,074.92, compared to CNY 9,258,572,764.28 at the end of the previous year[25]. - The net increase in cash and cash equivalents was CNY 2,009,132,058.81, compared to CNY 539,428,823.24 in the previous year[25]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately RMB 403.20 billion, a 0.80% increase from the end of the previous year[5]. - The equity attributable to shareholders at the end of the reporting period was approximately RMB 103.77 billion, reflecting a 2.83% increase from the previous year[5]. - Total liabilities amounted to CNY 249,803,898,027.73, a slight increase from CNY 249,082,576,221.41, reflecting a growth of approximately 0.29%[19]. - The company's equity attributable to shareholders increased to CNY 103,765,164,056.17 from CNY 100,910,553,004.39, representing a growth of about 2.79%[19]. - The company reported a decrease in short-term borrowings to CNY 16,097,869,897.84 from CNY 16,374,993,758.88, which is a reduction of approximately 1.68%[18]. - The company’s long-term borrowings increased to CNY 159,430,582,677.83 from CNY 155,921,820,998.03, indicating a growth of about 3.22%[19]. Expenses and Investments - Sales expenses decreased by 77.86% to RMB 835.93 million due to delays in sales activities caused by the COVID-19 pandemic[9]. - R&D expenses decreased by 36.64% to RMB 13,345.30 million, primarily due to differences in the progress of research projects[9]. - The financial expenses for Q1 2022 were CNY 1,558,969,625.91, slightly higher than CNY 1,527,206,279.90 in Q1 2021, an increase of 2.1%[21]. - The total tax expenses for Q1 2022 were CNY 906,066,807.10, compared to CNY 557,890,970.08 in Q1 2021, an increase of 62.4%[21]. - Investment income increased by 59.33% to RMB 39,500.58 million, mainly from increased returns on investment in Hongyanhe Nuclear Power[9]. - The company recorded investment income of CNY 395,005,846.79, significantly higher than CNY 247,923,663.05 in the previous year, marking an increase of 59.5%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 286,276, with the largest shareholder, China General Nuclear Power Group, holding 58.82%[12]. - The company plans to distribute a cash dividend of RMB 0.84 per share, pending approval at the annual general meeting[15]. Other Information - The company received government subsidies amounting to approximately RMB 54.39 million related to research projects during the reporting period[6]. - Other receivables increased by 115.29% to approximately RMB 114.79 million, mainly due to pre-project expenses settled by Yangxi Nuclear Power[8]. - The company repaid RMB 2 billion of short-term financing bonds during Q1 2022, leading to a 34.22% decrease in other current liabilities[8]. - The company did not undergo an audit for the first quarter report[26].

Financial Performance - In 2021, CGN Power achieved a revenue of RMB 80,678.7 million, representing a 14.30% increase compared to 2020[20] - The net profit attributable to shareholders of the parent company was RMB 9,732.6 million, reflecting a growth of 2.48% from the previous year[22] - The EBITDA for 2021 was RMB 36,757.6 million, which is a 1.95% increase year-over-year[20] - The total profit margin for 2021 was RMB 18,126.1 million, an increase from RMB 16,850.1 million in 2020[23] - Operating revenue for 2021 reached RMB 80,678,744.76 thousand, an increase of 14.3% compared to RMB 70,584,710.56 thousand in 2020[55] - Net profit attributable to shareholders was approximately RMB 9.733 billion, up 1.8% from 2020[31] - The proposed dividend for the year is RMB 0.084 per share (tax included), representing a 5.0% increase from 2020[31] - The dividend payout ratio for the year is 43.58%, an increase of 1.33 percentage points from 2020[32] Asset and Liability Management - Total current assets increased to approximately $67.97 billion in 2021, up from $63.24 billion in 2020, representing a growth of 4.3%[24] - Total non-current assets reached approximately $332.03 billion in 2021, compared to $328.65 billion in 2020, reflecting a slight increase of 1.1%[24] - Total liabilities decreased to approximately $249.08 billion in 2021 from $250.27 billion in 2020, a reduction of 0.5%[24] - Total equity attributable to shareholders increased to approximately $100.91 billion in 2021, up from $95.27 billion in 2020, marking a growth of 6.9%[24] - The debt-to-asset ratio improved to 62.3% in 2021 from 63.9% in 2020[54] - The company reported cash and cash equivalents of approximately RMB 15,827.7 million, which helps to reduce cash flow volatility[200] Operational Capacity and Efficiency - The total installed capacity of operational nuclear power units reached 28,261 MW, accounting for 53.01% of the total in mainland China[21] - The company operates 25 nuclear power units, contributing significantly to its market position[21] - The average capacity factor of the company's 25 operating nuclear power units reached 92%, maintaining world-class levels for four consecutive years[39] - The average utilization hours of nuclear power units in 2021 were 7,731 hours, an increase from the previous three-year average of 7,457 hours[39] - The company completed all 16 planned refueling outages in 2021, achieving both schedule and quality targets despite challenges from the COVID-19 pandemic[39] Environmental Impact and Safety - The company reported a total CO2 reduction contribution of approximately 16.74 million tons from its power generation activities[19] - The safety management system operated effectively in 2021, with no INES Level 2 or above incidents reported across all operating units[38] - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported in its operational nuclear power stations[81] - The company’s radioactive gas emissions were recorded at 0.46% of the national approved limits in 2021, showing a slight increase from 0.42% in 2020[94] - The total amount of radioactive waste managed by the company in 2021 was significantly below the national approved limits, with liquid waste emissions at 0.24% of the limit[94] Research and Development - The company applied for a total of 1,282 patents in 2021, with 893 patents granted, including four invention patents awarded the 22nd China Patent Excellence Award[41] - The company has over 4,700 R&D personnel and has built a national engineering technology center, a national key laboratory, and five national-level R&D centers to support its technological advancements[137] - The company has developed the ACPR1000 technology, which incorporates 31 safety technology improvements based on the CPR1000 technology, aligning with the latest international safety standards[135] - The company is actively pursuing the development of third-generation nuclear technology, specifically the Hualong One, which is based on over 30 years of experience in nuclear power design, construction, and operation[135] Strategic Planning and Future Outlook - CGN Power's strategic plan for the nuclear industry and the 14th Five-Year Plan was approved by the board on August 26, 2021[17] - The company aims to achieve excellent performance indicators in nuclear power safety operations, engineering construction, and operational efficiency by 2035[34] - The company plans to continue investing in the construction of nuclear power plants and technological upgrades for operational performance in 2022[71] - The company anticipates a 5%-6% growth in national electricity consumption in 2022, with a focus on ensuring stable operation of all nuclear power units[44] Employee Development and Training - The total number of employees at the end of 2021 was 18,248, a slight decrease from 18,264 in 2020[145] - The average training hours per employee in 2021 were 109 hours, reflecting the company's commitment to continuous skill enhancement[153] - The company has established 145 training rooms covering 518 skill training projects, with a total area of approximately 96,700 square meters[162] - The company has developed over 5,000 training courses, utilizing various training methods including in-person, online, and mobile learning[162] Financing and Capital Structure - The company's debt financing is primarily composed of long-term bank loans, accounting for approximately 92.1% of total borrowings, with a total borrowing amount reduced by approximately RMB 1,976.9 million compared to the end of 2020[181] - The company has established a comprehensive debt risk management system to control costs and mitigate financial risks through hedging strategies[194] - The company aims to maintain a balanced debt maturity structure to align with long-term cash flows from nuclear power projects, thereby reducing refinancing risks[186] - The company has confirmed that there are no external guarantees provided as of December 31, 2021[68]

Financial Performance - The company's operating revenue for 2021 was CNY 80.68 billion, an increase of 14.30% compared to CNY 70.58 billion in 2020[10]. - The net profit attributable to shareholders for 2021 was CNY 9.73 billion, reflecting a 1.78% increase from CNY 9.56 billion in 2020[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9.73 billion, up 3.42% from CNY 9.41 billion in 2020[10]. - The net cash flow from operating activities reached CNY 34.91 billion, a 15.77% increase from CNY 30.15 billion in 2020[10]. - The total assets at the end of 2021 amounted to CNY 399.99 billion, representing a 2.07% increase from CNY 391.90 billion at the end of 2020[10]. - The net assets attributable to shareholders at the end of 2021 were CNY 100.91 billion, a 5.92% increase from CNY 95.27 billion at the end of 2020[10]. - The company achieved a consolidated operating revenue of approximately CNY 80.68 billion, a year-on-year increase of 14.30%[32]. - The net profit attributable to shareholders of the parent company was approximately CNY 9.73 billion, an increase of 1.78% year-on-year[32]. - The company reported a total revenue of RMB 100 billion for the fiscal year 2021, representing a year-on-year growth of 15%[139]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.84 CNY per 10 shares to all shareholders based on a total share capital of 50,498,611,100 shares as of the profit distribution record date[1]. - The cash dividend policy stipulates a minimum distribution of 30% of the net profit attributable to shareholders for the year, based on business performance and future development strategies[158]. - The company plans to implement a five-year shareholder dividend return plan from 2021 to 2025[144]. - The company has a clear cash dividend policy approved by the shareholders' meeting, ensuring transparency and stability in shareholder returns[158]. - The company plans to distribute a cash dividend of 0.84 CNY per share, totaling approximately 4.24 billion CNY, which represents 100% of the distributable profit[159]. Operational Efficiency and Management - The average utilization hours of nuclear power in 2021 were 7,802 hours, an increase of 352 hours year-on-year[17]. - The company's average utilization hours for power plants increased to 7,731 hours in 2021 from 7,309 hours in the previous year, reflecting improved operational efficiency[23]. - The company has maintained a high level of operational management, with 83.00% of its operational units' performance indicators in the top 25% globally[26]. - The company is committed to the integrated design, construction, and operation of nuclear projects, enhancing cost control and operational efficiency[27]. - The company achieved a reduction in standard coal consumption by approximately 60.85 million tons and a decrease in CO2 emissions by about 167.36 million tons in 2021[25]. Nuclear Power Development - The company is committed to actively and safely developing nuclear power as part of the national strategy for carbon peak and carbon neutrality[18]. - As of December 31, 2021, the company managed 25 operational nuclear units and 7 under construction, with installed capacities of 28,261 MW and 8,299 MW, representing 53.01% and 41.01% of the national total for operational and under-construction nuclear capacity respectively[22]. - The total power generation of the company's managed nuclear plants in 2021 was 201.15 billion kWh, accounting for 52.65% of the national nuclear power generation[22]. - The company has developed the self-owned third-generation nuclear technology "Hualong One," which is being utilized in multiple ongoing projects[28]. - The company is advancing the development of small modular reactor technology to expand nuclear energy applications[74]. Environmental and Social Responsibility - The company is committed to clean energy development, focusing on nuclear power and comprehensive utilization of nuclear energy, while controlling radioactive emissions[95]. - The company achieved a radioactive liquid waste discharge rate of 0.24% in 2021, consistent with the previous year[46]. - The company maintained normal environmental monitoring results across all nuclear power stations in 2021[46]. - The company invested approximately RMB 3,044.12 million in rural revitalization and other donations during the reporting period[180]. - The company has been actively involved in poverty alleviation efforts, addressing issues such as electricity, water supply, and transportation for villagers[185]. Governance and Compliance - The company has established a governance structure that reflects the relationships and roles of key stakeholders, ensuring compliance with regulations[109]. - The company is committed to compliance with legal regulations and corporate governance standards[148]. - The board of directors has been diligent in reviewing proposals and making independent judgments on company matters[148]. - The company has established control measures based on risk assessment results, covering key business areas including funding activities, procurement, sales, project management, and financial reporting[165]. - The company emphasizes timely and accurate communication of internal control-related information to ensure effective transmission within and outside the company[165]. Future Outlook and Strategic Initiatives - The company has set a future outlook with a revenue target of 120 billion RMB for 2022, indicating a projected growth rate of 20%[127]. - The company plans to expand its market presence by entering three new international markets by the end of 2022[127]. - The company aims to enhance the competitiveness of its Hualong One nuclear technology, which is crucial for sustainable development[73]. - The company plans to continue optimizing maintenance schedules and improving operational efficiency through advanced technologies[43]. - The company aims to improve its market marketing capabilities and actively pursue nuclear power consumption policies to secure more grid electricity[107].