LEP(600644)2023-03-30 16:00Financial Performance - In 2022, the company's operating revenue reached ¥2,872,491,915.46, an increase of 11.72% compared to ¥2,571,148,042.20 in 2021[27] - The net profit attributable to shareholders of the listed company was ¥70,581,335.76, a decrease of 39.99% from ¥117,613,621.56 in the previous year[27] - The net profit after deducting non-recurring gains and losses was ¥12,056,006.92, down 88.79% from ¥107,561,593.52 in 2021[27] - The net cash flow from operating activities was ¥136,202,403.00, a decline of 71.42% compared to ¥476,572,365.25 in the previous year[27] - As of the end of 2022, the net assets attributable to shareholders of the listed company were ¥1,790,441,106.94, an increase of 4.10% from ¥1,719,859,771.18 at the end of 2021[27] - Total assets at the end of 2022 amounted to ¥4,066,477,066.14, reflecting a 1.68% increase from ¥3,999,155,370.93 in 2021[27] - The company reported a cumulative undistributed profit of -¥243,731,685.89 at the end of 2022, indicating ongoing financial challenges[7] - The company did not propose any profit distribution or capital reserve transfer to shareholders for the year 2022 due to insufficient surplus reserves to cover losses[7] - Basic earnings per share decreased by 39.99% to CNY 0.1311 in 2022 compared to CNY 0.2184 in 2021[28] - The weighted average return on equity dropped by 3.10 percentage points to 4.02% in 2022 from 7.12% in 2021[28] Revenue and Sales - Total operating revenue for Q4 2022 was CNY 756,672,444.86, with a net profit attributable to shareholders of CNY -40,361,472.03[29] - The total electricity sales volume reached 5.10771 billion kWh, an increase of 33.05% year-on-year[33] - The company achieved a sales volume of 402,492 million kWh, an increase of 7.14% from 375,669 million kWh last year[48] - The company recorded a gas sales volume of 17,613 million cubic meters, up 6.02% from 16,614 million cubic meters last year[48] - The company reported a water sales volume of 6,026 million cubic meters, an increase of 10.48% compared to 5,454 million cubic meters last year[48] - The total electricity traded in the market increased to 2,452,497,151 kWh, representing a year-on-year growth of 401.92% compared to 488,621,053 kWh in the previous year[76] Operating Costs and Expenses - Operating costs rose by 17.84% to CNY 2,322,767,488.78, primarily due to increased electricity purchase costs[56] - Net cash flow from operating activities decreased by 71.42% to CNY 136,202,403.00, attributed to higher electricity purchase expenses[49] - The gross profit margin for the electricity business decreased by 6.99 percentage points to 14.57%[58] Investments and Assets - The company completed land transactions resulting in receivables of 68,194,900 RMB, contributing 45,625,792.96 RMB to the net profit for 2022[82] - The company invested a total of 4.02 million RMB in significant equity investments, with the largest being 3.48 million RMB in Sichuan Shengtian New Energy Development Co., holding a 21.60% stake[80] - The company has a total installed capacity of 715,940 kW, with 567,920 kW from hydropower, accounting for 56.92% of the total capacity[45] - The company has a water supply capacity of 240,000 cubic meters per day, with a pipeline network of 722.96 kilometers[46] Safety and Compliance - The company conducted 13 safety inspections, eliminating 1,169 safety hazards in key areas[34] - There are no violations of decision-making procedures regarding external guarantees[11] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[10] Governance and Management - The board of directors remains stable with 11 members, including 4 independent directors, ensuring compliance with governance standards[113] - The company has established a performance evaluation and incentive mechanism for senior management, linking compensation to operational performance metrics[116] - The company has implemented a transparent information disclosure system, ensuring timely and accurate communication with stakeholders[116] - The company has established strict management systems for insider information and external information users, ensuring compliance during the reporting period[117] Environmental and Social Responsibility - The company invested 3.2891 million yuan in environmental protection during the reporting period[164] - The company reduced carbon emissions by 5,746 tons through the use of clean energy generation and other carbon reduction measures[167] - The company has invested 600,000 yuan in poverty alleviation and rural revitalization projects, benefiting 500 people in the Xinxing Village[171] - The company has implemented a rural revitalization work plan, contributing 600,000 yuan to support industrial development and cultural initiatives in Xinxing Village[172] Future Plans and Projections - The company aims to achieve a power generation of 51,500 million kWh and a sales volume of 432,000 million kWh in 2023[102] - The budgeted operating revenue for 2023 is set at 314,616 million yuan, with total operating costs of 313,732 million yuan, resulting in a profit of 3,826 million yuan[102] - The company plans to maintain a power loss rate of 5.30%, a water leakage rate of 12.70%, and a gas transmission loss rate of 2.50%[102] - The company is focusing on digital transformation and enhancing its data value through a digital system centered on a data platform[100] Market and Competition - The company is facing risks from market competition in its electricity, natural gas, and water supply businesses, which may impact growth[106] - The company is expanding its market presence by enhancing cooperation and increasing its coverage in the electricity sales sector[104] Employee and Training - The total number of employees in the parent company is 1,051, while the total number of employees in major subsidiaries is 1,943, resulting in a combined total of 2,994 employees[146] - The company conducted over 6,162 training sessions throughout the year, utilizing more than 2.71 million yuan for training expenses[149] - The company emphasizes a performance-based salary system, linking total salary expenses to annual economic performance[147]