JEI(000600)2023-04-26 16:00Financial Performance - The company's operating income for 2022 was RMB 18.305 billion, an increase from RMB 15.041 billion in 2021[19] - Non-recurring gains and losses for 2022 totaled RMB 113.526 million, a decrease from RMB 151.594 million in 2021[5] - The company's non-recurring gains and losses included government subsidies of RMB 72.135 million in 2022, up from RMB 49.648 million in 2021[5] - The company's non-recurring gains and losses from the disposal of non-current assets in 2022 were RMB 806,723.19, compared to a loss of RMB 2.105 million in 2021[5] - The company's non-recurring gains and losses from entrusted loans in 2022 were RMB 5.032 million, slightly down from RMB 5.323 million in 2021[5] - The company's operating income in 2022 was 18.305 billion RMB, a year-on-year increase of 21.71%, with net profit attributable to shareholders of 102.99 million RMB, a significant turnaround from a loss of 2.21 billion RMB in 2021[68] - Revenue in 2022 reached 18.306 billion yuan, a year-on-year increase of 21.71%, with net profit attributable to shareholders of 103 million yuan, achieving a turnaround from loss[78] - Total operating revenue in 2022 reached RMB 18,305,827,330.29, a year-on-year increase of 21.71%[128] - Revenue from the power generation sector accounted for 93.32% of total revenue, reaching RMB 17,083,548,441.85, a year-on-year increase of 26.25%[128] - Electricity sales revenue increased by 27.61% year-on-year to RMB 15,083,638,234.25, accounting for 82.40% of total revenue[128] - Heat supply revenue decreased by 4.96% year-on-year to RMB 711,198,804.55, accounting for 3.89% of total revenue[128] - The company's gross profit margin for electricity sales increased by 19.02 percentage points year-on-year to 17.08%[117] - The company's gross profit margin for heat supply decreased by 2.01 percentage points year-on-year to -54.36%[117] - Operating revenue for 2022 was 17.12 billion yuan, a decrease from 24.43 billion yuan in 2021[190] - Net profit for 2022 was 187.9 million yuan, compared to a net loss of 58.32 million yuan in 2021[190] - Total liabilities increased to 24.15 billion yuan in 2022 from 26.39 billion yuan in 2021[188] - Total equity decreased slightly to 12.39 billion yuan in 2022 from 12.14 billion yuan in 2021[188] - Interest expenses for 2022 were 46.17 million yuan, down from 50.57 million yuan in 2021[190] - Investment income for 2022 was 314.73 million yuan, a significant increase from 37.73 million yuan in 2021[190] - Credit impairment losses improved to -30.47 million yuan in 2022 from -50.05 million yuan in 2021[190] - Long-term liabilities totaled 15.92 billion yuan in 2022, down from 17.42 billion yuan in 2021[188] - Deferred income decreased to 948.89 million yuan in 2022 from 1.03 billion yuan in 2021[188] - The company's total equity at the end of the period is 12,393,611,440.26 yuan[194] - The company allocated 18,789,935.23 yuan to surplus reserves[194] - The company distributed 5,829,815.75 yuan to owners (or shareholders)[194] - The company extracted 21,763,171.27 yuan for special reserves during the period[194] - The company used 21,763,171.27 yuan from special reserves during the period[194] - The company recorded other comprehensive income of 2,181,965.86 yuan[194] - The company's capital reserve at the end of the period is 4,447,816,862.29 yuan[194] - The company's retained earnings at the end of the period is 2,673,491,883.27 yuan[194] - The company's total assets at the end of the period is 9,752,326,579.43 yuan[194] - The company's total liabilities at the end of the period is 2,641,284,860.83 yuan[194] Energy Generation and Market - In 2022, the national full-caliber power generation reached 8,694.1 billion kWh, a year-on-year increase of 3.6%, with coal power accounting for 58.4% of the total[10] - The market transaction volume of electricity in 2022 was 5,254.3 billion kWh, a year-on-year increase of 39.0%, accounting for 60.8% of the total electricity consumption[11] - The installed power generation capacity in Hebei Province reached 124.53 million kW by the end of 2022, an increase of 13.75 million kW year-on-year[13] - Wind and grid-connected solar power generation in 2022 were 762.4 billion kWh and 427.6 billion kWh, respectively, with year-on-year growth rates of 16.3% and 30.8%[10] - Non-fossil energy power generation capacity accounted for 49.6% of total installed capacity, reaching 1.27 billion kW, a year-on-year increase of 13.8%[52] - Cross-regional power transmission increased by 6.3% to 765.4 billion kWh, with a significant 17.3% increase in August due to high temperatures[54] - Hebei Province's total electricity consumption in 2022 was 434.38 billion kWh, a year-on-year increase of 1.15%, with the southern grid contributing 247.8 billion kWh, up 1.96%[55] - The company's online electricity sales in 2022 were 35.748 billion kWh, a slight decrease of 1.51%, with an average online settlement price of 476.71 RMB/MWh, up 30.23%[61] - The company's total installed capacity remained at 9.15 million kW, with no new units put into operation, and 700,000 kW of planned capacity under construction[62] - The company's heating coverage area reached 204 million square meters in the 2022-2023 heating season, an increase of 4.12 million square meters, with total heat sales of 64.49 million GJ, up 11.52%[76] - Total installed capacity of controlled subsidiaries is 9.15 million kilowatts, with total online electricity of 38.489 billion kilowatt-hours in 2022[84] - National electricity consumption in 2022 was 8.64 trillion kilowatt-hours, a year-on-year increase of 3.6%, with residential electricity consumption increasing by 13.8%[89] - The company's power generation equipment utilization hours in 2022 were 3,687 hours, a year-on-year decrease of 125 hours, with solar power increasing by 56 hours and coal power decreasing by 8 hours[91] - The company's controlled operating installed capacity is 9.15 million kilowatts, with an additional 700,000 kilowatts under construction[95] - In 2022, the company's 11 power generation companies generated 38.489 billion kilowatt-hours of electricity, a decrease of 1.29% year-on-year[103] - The company's power generation volume in 2022 was 38.489 billion kWh, a year-on-year decrease of 1.29%[156] - The company's online power generation volume in 2022 was 35.748 billion kWh, a year-on-year decrease of 1.51%[156] - The company completed electricity sales of 9.18 billion kWh, representing a leading position in the regional market[118] Subsidiaries and Business Structure - The company's main business changed from hotel and commerce to energy project investment and management in 2004[29] - The company's controlling shareholder changed to Hebei Construction Investment Group Co., Ltd. in September 2001[29] - The company's subsidiaries include Xibaipo Power Generation, Xibaipo Second Power Generation, and Guotai Power Generation[34] - The company's subsidiaries also include Jianneng Fuel, Jianneng Electric Power Technology, and Jianneng Energy Science and Technology Research Institute[34] - The company's subsidiaries include Jianneng Guorong Energy Services, Jianhao Photovoltaic, and Jianneng Rong Carbon Asset Management[34] - The company's subsidiaries include Hebei International Building Hotel, Jianneng Kelin Smart Energy, and Jieneng New Energy[34] - The company's subsidiaries include Guoneng Hengfeng Power Generation, Hanfeng Power Generation, and Guoneng Cangdong Power Generation[34] - The company's subsidiaries include Sanhe Power Generation, Datang Wangtan Power Generation, and Guoneng Longshan Power Generation[34] - The company's subsidiaries include Guoneng Chengde Thermal Power, Huayang Jianneng Yangquan Thermal Power, and Longxin Thermal Power[34] - The company's subsidiaries include Jianneng Offshore Wind Power, Jianneng Green Energy Technology, and Jianneng Health Care[36] - The company established Jieneng New Energy Company and acquired Jianhao Photovoltaic equity to accelerate the layout of clean energy[82] - The company's subsidiary, Hebei International Building Hotel, achieved a 15.91% increase in revenue and a 42.77% increase in profit in 2022[105] - The company's subsidiary, Jianguo Guorong, achieved a 69.21% year-on-year increase in total profit in 2022[105] - Hebei Construction & Investment Group holds 65.63% of the shares, totaling 1,175,905,950 shares[157] - Central Huijin Asset Management holds 1.32% of the shares, totaling 23,593,600 shares[157] - Hong Kong Securities Clearing Company holds 0.76% of the shares, totaling 13,618,666 shares[157] - The company's actual controller did not change during the reporting period[158] Environmental and Emission Data - The company's main emission indicators continued to decline year-on-year in 2022, with SO2 emissions decreasing[88] - SO2 emissions decreased by 51.42 tons, a reduction of 2.28%, and NOx emissions decreased by 53.77 tons, a reduction of 1.52%[127] - The company's nitrogen oxide emissions in 2022 totaled 3,493.67 tons, a decrease of 53.77 tons year-over-year[164] - The company's sulfur dioxide emissions in 2022 totaled 2,201.13 tons, a decrease of 51.42 tons year-over-year[164] - The company's dust emissions in 2022 totaled 315.04 tons, a decrease of 20.13 tons year-over-year[164] - The company's average emission concentrations for nitrogen oxides, sulfur dioxide, and dust were 20.61mg/Nm3, 13.23mg/Nm3, and 1.87mg/Nm3 respectively, all meeting ultra-low emission standards[164] Research and Development - The company obtained 14 invention patents, 89 utility model patents, and 4 software copyrights in 2022, with 13 high-tech enterprises and 5 technology-based SMEs[87] - The company's R&D investment in 2022 was 616 million yuan, with an R&D intensity of 3.41%, a year-on-year increase of 40.14%[104] - The company obtained 14 invention patents, 89 utility model patents, and 4 software copyrights in 2022[111] Coal and Energy Costs - The average market price of 5,500 kcal thermal coal in northern ports in 2022 was RMB 1,296 per ton, a year-on-year increase of 24.2%[14] - The company's average comprehensive standard coal price for controlled power generation companies in 2022 was 969.53 yuan/ton, an increase of 101.83 yuan/ton year-on-year[85] - The company's coal procurement in 2022 was 22.89 million tons, with an average standard coal price of 969.53 yuan/ton, a year-on-year increase of 11.94%[98] - The company's average coal consumption for power supply decreased by 4.30 grams per kilowatt-hour, and coal consumption for heating decreased by 0.2 kilograms per gigajoule[113] - The company's main business is thermal power generation, with coal costs being a major expense[177] Carbon and Green Energy - Carbon quota trading revenue in 2022 was 122 million yuan, with the completion of the world's first blockchain-based cross-border transaction of 100,000 I-REC international green certificates[79] - The company has 31,000 kilowatts of photovoltaic projects in operation, with 1.05 million kilowatts of projects under construction or awaiting approval[112] Credit and Financial Stability - The company's credit rating remained AAA in 2022, ensuring low-cost financing[81] - The company's bond does not have a risk of delisting[159] - The company's audit was conducted by Lianda Certified Public Accountants, with Jia Zhipo as the project partner[161] Utilization and Efficiency - Average utilization hours of large-scale power generation units in Hebei Province in 2022 was 3,097 hours, a decrease of 42 hours year-on-year[94] - The company's power generation equipment utilization hours in 2022 were 3,687 hours, a year-on-year decrease of 125 hours, with solar power increasing by 56 hours and coal power decreasing by 8 hours[91]