Financial Performance - The group's operating revenue for the six months ended June 30, 2024, was approximately RMB 39,376.7 million, an increase of 0.3% compared to the same period in 2023[2]. - Net profit attributable to shareholders of the parent company was approximately RMB 7,109.3 million, representing a growth of 2.2% year-on-year[2]. - The total profit for the six months was approximately RMB 12,961.3 million, a slight decrease from RMB 13,070.6 million in the previous year[5]. - Basic earnings per share for the period were RMB 0.141, compared to RMB 0.138 in the same period last year[6]. - The total comprehensive income for the period was approximately RMB 10,871.9 million, down from RMB 11,185.3 million in the previous year[6]. - The company's revenue for the six months ended June 30, 2024, was RMB 39.31 billion, compared to RMB 39.16 billion for the same period in 2023, representing a year-over-year increase of approximately 0.38%[12]. - The cost of revenue for the first half of 2024 was RMB 24.15 billion, compared to RMB 22.43 billion in the same period of 2023, showing an increase of about 7.66%[12]. - The total financial expenses for the six months ended June 30, 2024, amounted to RMB 2,501,327,837.29, down 15% from RMB 2,951,525,896.26 in 2023[13]. - The company reported a significant increase in non-recurring gains of RMB 161,739.08 for the six months ended June 30, 2024, compared to a loss of RMB 11,087.20 in the same period of 2023[43]. Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 418.80 billion, an increase from RMB 415.25 billion as of December 31, 2023, reflecting a growth of approximately 0.61%[7][8]. - The total liabilities as of June 30, 2024, were RMB 250.54 billion, slightly up from RMB 249.95 billion at the end of 2023, reflecting a marginal increase of 0.24%[8]. - The company's cash and cash equivalents increased to RMB 19.04 billion from RMB 15.74 billion, marking a significant rise of approximately 20.00%[7]. - Long-term investments rose to RMB 15.79 billion from RMB 14.49 billion, indicating an increase of about 8.95%[7]. - The total equity attributable to shareholders increased to RMB 115.67 billion from RMB 113.24 billion, representing a growth of approximately 2.14%[8]. - The company reported a decrease in accounts receivable from RMB 11.83 billion to RMB 9.06 billion, a decline of about 23.06%[7]. - The company reported a significant increase in short-term borrowings, totaling RMB 16,309,954,422.66 as of June 30, 2024, compared to RMB 14,254,614,202.81 at the end of 2023, marking an increase of approximately 14.4%[26]. - The company’s total liabilities for bonds payable were RMB 2,499,149,453.41 as of June 30, 2024, with no outstanding bonds after accounting for those due within one year[33]. Nuclear Power Operations - The group managed a total of 28 operational nuclear power units with a total installed capacity of 31,756 MW as of June 30, 2024[3]. - The group has 10 nuclear power units under construction with a total installed capacity of 12,058 MW, progressing as planned[3]. - The total electricity generated by the group was 106,009.67 GWh, a slight increase of 0.09% compared to the same period in 2023, with CO2 emissions equivalent reduction of approximately 87.03 million tons[3]. - The average capacity factor for the 28 operational units in the first half of 2024 was 88.66%, down from 90.59% in the same period of 2023, while the average load factor decreased to 83.77% from 86.26%[74]. - The company completed 10 scheduled fuel replacements in the first half of 2024, totaling approximately 523 days of maintenance[73]. - The Daya Bay Nuclear Power Station reported a significant decrease in electricity generation to 5,617.98 GWh, down 32.36% from 8,306.12 GWh in the first half of 2023[71]. - The Taishan Nuclear Power Station saw a notable increase in electricity generation to 9,977.60 GWh, up 36.21% from 7,325.31 GWh in the same period of 2023[71]. - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported as per the International Nuclear Event Scale (INES) during the first half of 2024[70]. Research and Development - Research and development expenses for the six months were approximately RMB 312.2 million, a significant decrease from RMB 677.5 million in the same period last year[5]. - The company plans to invest in the construction of nuclear power plants and technology upgrades in operational plants in the second half of 2024, laying a solid foundation for future development[65]. - The company is actively exploring new technologies and models for comprehensive nuclear energy utilization to enhance market competitiveness and support nuclear power business development[88]. Tax and Government Subsidies - The total income tax expense for the six months ended June 30, 2024, was RMB 2,111,993,302.83, a slight decrease from RMB 2,160,861,154.44 in 2023[18]. - The company’s effective tax rate remains at 25%, with certain subsidiaries enjoying preferential tax treatments[18]. - The company received government subsidies totaling RMB 74,695,243.28 during the six months ended June 30, 2024, compared to RMB 67,285,936.19 in the same period of 2023[14]. Community Engagement and Environmental Responsibility - The company is actively involved in community development initiatives, including rural revitalization efforts in Guangxi, Guangdong, and Fujian provinces[94]. - In March 2024, the company organized a volunteer service event in Fangchenggang, providing various community services such as health check-ups and disaster prevention education[95]. - The company is promoting nuclear energy knowledge through community engagement activities, including visits to nuclear power facilities and educational programs[93]. - The company is committed to improving its quality assurance system, with evaluations conducted to verify the effectiveness of improvements made in 2023[70]. - The company has maintained a high level of compliance with environmental regulations, with no administrative penalties due to environmental issues in the first half of 2024[79].
中广核电力(01816) - 2024 - 中期业绩