MXEP(600101)2023-03-31 16:00Financial Performance - In 2022, the company achieved operating revenue of CNY 2,377,110,706.90, representing a year-on-year increase of 23.29% compared to CNY 1,928,058,091.49 in 2021[23]. - The net profit attributable to shareholders of the listed company for 2022 was CNY 159,176,593.00, up 29.12% from CNY 123,275,806.74 in 2021[23]. - The net profit after deducting non-recurring gains and losses was CNY 155,972,307.38, reflecting a 31.75% increase from CNY 118,381,337.78 in the previous year[23]. - The cash flow from operating activities for 2022 was CNY 332,048,905.68, a significant increase of 52.79% compared to CNY 217,318,617.65 in 2021[23]. - Basic earnings per share increased by 29.13% to CNY 0.3777 compared to the previous year[24]. - The weighted average return on equity rose to 6.14%, an increase of 1.16 percentage points from the previous year[24]. - The company reported a 27.41% increase in electricity sales volume, totaling 4,048.53 million kWh[35]. - The company achieved a total operating revenue of 2.377 billion yuan, representing a year-on-year increase of 23.29%[54]. - The net profit attributable to shareholders reached 159.18 million yuan, up 29.12% year-on-year[54]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, resulting in a total cash dividend payout of CNY 33,714,613.60, which corresponds to a cash dividend ratio of 21.18% for the year[5]. - The profit distribution plan is subject to approval at the company's 2022 annual general meeting[6]. - The company does not plan to issue new shares or convert capital reserves into share capital for the 2022 fiscal year[5]. - The cash dividend policy was executed in accordance with the company's articles of association and shareholder resolutions, ensuring the protection of minority shareholders' rights[196]. - The company’s cash dividend per 10 shares was CNY 0.80 (including tax), with no stock dividends or capital reserve transfers[200]. Operational Highlights - The company completed the construction of 126 kilometers of new 110 kV lines and 20.5 kilometers of 10 kV lines to enhance supply capacity[38]. - The company has established 6 charging stations and launched its first distributed photovoltaic power station[40]. - The company has a total installed capacity of 115.58 MW from 4 hydropower stations, contributing to its green energy strategy[48]. - The company has implemented 60 optimization measures to enhance the "obtaining electricity" and "obtaining water" services, ranking among the top in the province[41]. - The company has a 100% market share in the electricity supply market and over 90% in the water supply market within its jurisdiction[43]. Investment and Development - The company invested a total of 32,675.46 million RMB, which is 74.97% of the planned investment of 43,584.21 million RMB, primarily in power grid and water network construction[96]. - The company plans to invest over 2 billion yuan in the power grid and enhance power supply capacity to over 2 million kW within three years[134]. - The company has invested a total of 55,972.39 million CNY in non-equity projects, with 17,410.70 million CNY invested during the reporting period[105]. - The company’s investment in the Yongxing 110 kV substation project is estimated at 9,902.00 million CNY, with 8,050.16 million CNY invested, reaching 90% completion[106]. - The company’s investment in the Baima 110 kV substation project is estimated at 7,204.00 million CNY, with only 534.89 million CNY invested, achieving 10% completion[106]. Challenges and Risks - The company faces challenges due to a small installed capacity and increasing reliance on external power sources, necessitating improvements in service quality and technological innovation[122]. - The company recognizes external risks such as economic fluctuations and aims to enhance project tracking and service for investment projects[143]. - The company faces development bottlenecks due to limitations in hydropower resources and increasing competition in the electricity market[144]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[149]. - The company has established a fair and transparent performance evaluation system for senior management, linking compensation to performance[150]. - The company actively communicates with stakeholders and emphasizes social responsibility, contributing to local economic and social development[150]. - The company has independent operational capabilities, with no interference from the controlling shareholder in decision-making[148]. - The company has implemented measures to prevent insider trading and ensure equal access to information for all shareholders[152]. Future Outlook - For 2023, the company plans to achieve electricity sales of 435,000 million kWh and revenue of 2,450 million yuan[134]. - The company aims to increase electricity sales and water sales to over 50 billion kWh and 5 million tons, respectively, within three years[134]. - The company is focusing on expanding its comprehensive energy services, including market-oriented electricity sales and smart operation and maintenance services[129]. - The company plans to deepen internal reforms and enhance employee performance management to boost innovation and service quality[138]. - The company is committed to digital transformation in marketing and aims to implement a new generation of marketing and data collection systems[139].