华润电力(00836) - 2018 - 年度财报

Financial Performance - In 2018, the turnover of China Resources Power Holdings was HK$76,940,125, an increase from HK$73,311,677 in 2017, representing a growth of approximately 3.6%[9] - The profit attributable to owners of the Company decreased to HK$3,950,435 in 2018 from HK$4,623,323 in 2017, reflecting a decline of about 14.5%[9] - Basic earnings per share attributable to owners of the Company were HK$0.83 in 2018, down from HK$0.97 in 2017, indicating a decrease of approximately 14.4%[9] - The equity attributable to owners of the Company was HK$70,135,314 in 2018, a decrease from HK$75,213,819 in 2017[9] - Cash and cash equivalents increased to HK$7,977,153 in 2018 from HK$5,381,686 in 2017, showing a growth of approximately 48.5%[9] - The dividend per share was HK$0.328 in 2018, down from HK$0.875 in 2017, reflecting a decrease of about 62.6%[9] - The company's revenue for 2018 was HK$76.94 billion, with a net profit attributable to owners of the company of HK$3.95 billion, resulting in a basic earnings per share of HK$0.83[36] Operational Capacity - The total attributable operational generation capacity of the Company was 37,438 MW as of December 31, 2018, with 33.3% located in Eastern China[19] - Clean and renewable energy capacity accounted for 7,623 MW, representing about 20.4% of the total operational generation capacity[19] - The Company operated 38 coal-fired power plants, 83 wind farms, 20 photovoltaic power plants, 2 hydroelectric plants, and 2 gas-fired plants as of the end of 2018[19] - The operational generation capacity covered 28 provinces, autonomous regions, and municipalities in China, totaling 37,438 MW, with coal-fired generation units accounting for 79.6%[38] - As of the end of 2018, the company operated a total installed capacity of 37,438 MW, with coal-fired units accounting for 79.6% and renewable energy sources (wind, hydro, solar, and gas) making up 20.4%, an increase of 3 percentage points from the end of 2017[40] Renewable Energy Initiatives - The company is focusing on expanding its renewable energy portfolio, particularly in wind and photovoltaic sectors across various provinces[27] - In 2018, the newly commissioned generation capacity of wind power projects reached 1,187 MW and photovoltaic power projects reached 173 MW, marking a record-high in development, construction, and grid-connection capacity[34] - As of the end of 2018, clean and renewable energy accounted for 20.4% of the total attributable operational generation capacity, an increase of 3 percentage points compared to the end of 2017[36] - The company aims to contribute to the national poverty alleviation efforts by integrating wind power development with local poverty alleviation initiatives[56] Environmental and Safety Measures - The company invested RMB 1.52 billion in environmental protection in 2018, resulting in a 1.2% reduction in coal consumption rate for power generation to 299.54 g/kWh[47] - Emission rates for sulfur dioxide, nitrogen oxides, and particulates from coal-fired generation units were 0.08 g/kWh, 0.13 g/kWh, and 0.01 g/kWh respectively, with reductions of 20% and 23.5% for sulfur dioxide and nitrogen oxides compared to the previous year[47] - The company implemented safety measures with an investment of RMB 312 million in 2018, leading to an 80% reduction in incidents resulting in injuries and deaths compared to the previous year[50] Corporate Governance and Leadership - The company has a diverse board with members having extensive backgrounds in finance, law, and public service, enhancing its governance and strategic direction[80] - The board includes members with international experience, such as Dr. Ch'ien, who has served on various significant committees and councils[83] - The company emphasizes the importance of independent directors in maintaining corporate governance and accountability[77] - The Group's strategic development is overseen by experienced executives, ensuring effective management and operational efficiency[106] Stakeholder Engagement and Community Contributions - The company held nearly 100 open house activities throughout the year, engaging 1,735 stakeholders from various sectors to showcase its renewable energy efforts and community contributions[55] - The company actively engaged in poverty alleviation, helping 830 families and sponsoring 54 villages through its wind power projects[53] - The company is committed to enhancing its operational efficiency through experienced leadership in energy sectors[90] Financial Transactions and Related Parties - The Group's total borrowings as of December 31, 2018, amounted to HK$96,675,137,000, a decrease from HK$100,922,869,000 in 2017[129] - The Group issued corporate bonds and notes with a face value of RMB12,285,000,000 (equivalent to HK$14,020,748,000) as of December 31, 2018, down from RMB16,285,000,000 (equivalent to HK$19,481,746,000) in 2017[130] - The company confirmed that all related party transactions were approved by the board and complied with the company's pricing policy[176]