Financial Performance - For the year ending December 31, 2024, the operating revenue was RMB 12,575.90 million, a decrease of 1.77% compared to the previous year[5]. - For the same period, the profit before tax was RMB 3,117.87 million, down 13.95% year-on-year[5]. - The net profit attributable to the owners of the parent company was RMB 2,377.95 million, representing a decline of 13.63% from the previous year[5]. - Basic earnings per share attributable to ordinary shareholders was RMB 0.2646, a decrease of 14.06% compared to last year[5]. - The total comprehensive income for the year was RMB 2,617.96 million, down from RMB 3,095.02 million in the previous year[8]. - The company reported a net financial income of RMB 9.93 million, a significant decrease from RMB 30.83 million in the previous year[6]. - The total operating profit for the year was RMB 4,706.68 million, down from RMB 5,299.98 million in the previous year[6]. - The company incurred depreciation and amortization expenses of RMB 5,587.95 million, an increase from RMB 5,295.72 million in the previous year[6]. - The company’s financial expenses net amount was RMB 1,607.62 million, a decrease from RMB 1,685.25 million in the previous year[6]. - The company reported a net profit of RMB 1,924,461 thousand for the year, contributing to a total comprehensive income of RMB 2,617,955 thousand[12]. Assets and Liabilities - Total assets increased to RMB 115,544,532 thousand in 2024, up from RMB 101,545,305 thousand in 2023, representing a growth of approximately 13.5%[9]. - Non-current assets totaled RMB 90,596,458 thousand in 2024, compared to RMB 79,037,119 thousand in 2023, reflecting an increase of about 14.6%[9]. - Current liabilities rose significantly to RMB 32,065,608 thousand in 2024, up from RMB 19,045,252 thousand in 2023, marking an increase of approximately 68.3%[10]. - Total liabilities reached RMB 77,970,379 thousand in 2024, compared to RMB 65,587,321 thousand in 2023, indicating a growth of around 18.5%[10]. - Net assets increased to RMB 37,574,153 thousand in 2024, up from RMB 35,957,984 thousand in 2023, which is an increase of about 4.5%[11]. Cash Flow and Financing - Cash and cash equivalents decreased to RMB 1,944,445 thousand in 2024 from RMB 3,055,708 thousand in 2023, a decline of approximately 36.4%[9]. - The company issued perpetual bonds amounting to RMB 3,000,000 thousand during the year[12]. - The company has approved but not issued corporate bonds amounting to RMB 16,000 million, with RMB 9,000 million maturing in August 2025 and the remainder maturing in December 2025[20]. - The company has registered but not issued medium-term notes totaling RMB 3,000 million, valid until December 2025[20]. - The company has registered various debt financing instruments (DFI) with a financing limit of RMB 21,100 million, valid until November 2026[20]. Revenue Segments - For the fiscal year ending December 31, 2024, total revenue from external customers reached CNY 12,547,455 thousand, with wind power contributing CNY 11,448,028 thousand and photovoltaic power contributing CNY 1,099,427 thousand[36]. - The operating profit for the wind power segment was CNY 6,569,203 thousand, while the photovoltaic segment reported an operating profit of CNY 417,627 thousand, totaling CNY 6,986,830 thousand for the company[36]. - The revenue from electricity sales was CNY 12,464,349 in 2024, a decrease of 1.91% from CNY 12,706,291 in 2023[47]. - The company recognized CNY 12,547,455 in revenue from contracts with customers, down from CNY 12,766,720 in 2023, representing a decline of 1.72%[47]. Taxation and Government Subsidies - The total tax expense for 2024 was RMB 500,348,000, down from RMB 529,646,000 in 2023, indicating a reduction of about 5.5%[59]. - The company received government subsidies amounting to RMB 378,581,000 in 2024, which includes a 50% refund of the value-added tax collected on electricity production[55]. - Government subsidies for 2024 amounted to RMB 378.58 million, an increase of 11.71% from RMB 338.91 million in 2023[123]. Operational Efficiency and Future Outlook - The company is currently assessing the impact of the new International Financial Reporting Standard No. 18 on its consolidated financial statements, which is expected to affect the presentation and disclosure of future financial reports[32]. - The company plans to continue expanding its operations in both wind and photovoltaic power generation sectors[35]. - The company aims to enhance operational efficiency and revenue through cost control and management innovations[150]. - The company is focused on balancing profitability and financing structures to support new project developments amid rising capital expenditures[147]. - The year 2025 is seen as a critical year for the company to achieve high-quality development and expand asset scale under favorable policies[148]. Shareholder Returns - The company proposed a final dividend of RMB 0.06 per share, totaling RMB 436,422,060, subject to shareholder approval at the 2024 annual general meeting[158]. - The total cash dividend for the fiscal year 2024, including an interim dividend of RMB 0.03 per share, amounts to RMB 654,633,090, representing approximately 51.90% of the distributable profits for the year[158]. Governance and Compliance - The company has adhered to the Corporate Governance Code and has not encountered any significant legal actions against its directors as of December 31, 2024[160]. - The audit committee has reviewed the company's performance for the fiscal year 2024 and the financial statements prepared in accordance with international financial reporting standards[164].
大唐新能源(01798) - 2024 - 年度业绩