Financial Performance - The company's operating revenue for 2024 reached RMB 86,804.4 million, representing a growth of 5.2% compared to 2023[12]. - Net profit attributable to shareholders of the parent company was RMB 10,813.9 million, an increase of 5.4% from 2023[15]. - The EBITDA for 2024 was RMB 40,620.8 million, reflecting a growth of 5.3% compared to the previous year[12]. - The proposed dividend for the year is RMB 0.095 per share (tax included), which is an increase of 1.06% from 2023[40]. - The net profit attributable to shareholders was approximately RMB 10.814 billion, reflecting a growth of 0.83% year-on-year[40]. - The EBITDA profit margin for 2024 was 46.8%, slightly up from 46.7% in 2023[74]. - The total assets return rate improved to 6.5% in 2024 from 6.4% in 2023[74]. - The company's debt-to-asset ratio decreased to 59.5% in 2024 from 60.2% in 2023, indicating improved financial stability[74]. - The main business cost for 2024 was RMB 57,116.44 million, which is an increase of 8.4% from RMB 52,684.51 million in 2023[80]. - Investment income increased by 20.5% to RMB 1,932.89 million in 2024, primarily due to higher returns from investments in joint ventures[78]. Operational Capacity and Performance - The total installed capacity of operational nuclear power units is 19,406 MW, accounting for 35.98% of the total in mainland China[13]. - The company achieved a total electricity generation of 227.28 billion kWh, contributing to a CO2 reduction equivalent to approximately 18.66 million tons[10]. - The average capacity factor for the company's 28 operational nuclear units was approximately 92% in 2024, with 24 units using second-generation technology achieving an average capacity factor of 93%[53]. - The company’s operational nuclear units maintained an average utilization hours of 7,710 hours, an increase from the three-year average of 7,517 hours[53]. - The operational performance indicators, including capacity factor and load factor, were influenced by maintenance schedules and market demand conditions[119]. - The average utilization hours for 2024 were 7,710 hours, compared to 7,509 hours in 2023, indicating improved operational efficiency[122]. - The operational nuclear units achieved an average utilization hour of 7,683 hours in 2024, slightly up from 7,670 hours in 2023[106]. - The company completed 19 out of 20 scheduled refueling outages in 2024, with a total duration of approximately 713 days[125]. Safety and Environmental Commitment - The company continues to focus on safety and quality as its core principles in nuclear power generation and services[5]. - The company has established a more stringent nuclear safety responsibility system, achieving over 99% completion of identified issues and hidden dangers rectification in 2024[50]. - The company’s safety management system operated effectively, with no INES Level 2 or higher incidents reported across all operational units[51]. - The company strictly adhered to national regulations regarding radioactive waste management, with no administrative penalties due to environmental issues in 2024[128]. - The company has contributed to significant reductions in emissions, including approximately 18.66 million tons of CO2 and 1.75 million tons of SO2 in 2024[130]. Research and Development - The company emphasizes enhancing research and development capabilities to strengthen sustainable development[36]. - In 2024, the company applied for 1,836 patents, with 892 patents granted, including two awarded the China Patent Gold Award and Silver Award[59]. - The company is increasing R&D investment to drive business growth and enhance sustainable development, focusing on advanced nuclear energy research and development[1]. - The company has established multiple national-level R&D platforms and has applied for two additional national R&D platforms in 2023, with significant progress expected in 2024[177]. - The company has a research and development team of 4,544 personnel, focusing on key technology issues to improve safety, reliability, and economic efficiency of nuclear power plants[177]. Market Strategy and Expansion - The company is focused on expanding its market presence while adapting to electricity market reforms[36]. - The company plans to ensure stable operation of all nuclear power units, with an expected 6% growth in national electricity consumption in 2025[61]. - The company plans to expand its market presence by targeting more online electricity volume indicators and optimizing market electricity prices, while also developing high-quality market users[136]. - The company is actively participating in electricity market transactions, representing 217 retail users with an actual electricity consumption of approximately 19.994 billion kWh in 2024[142]. Human Resources and Employee Development - The total number of employees at the end of 2024 is 20,453, an increase from 19,038 in 2023[190]. - In 2024, the company recruited 1,867 graduates through campus recruitment and 49 through social recruitment, along with 8 high-level talents[195]. - The proportion of employees with a master's degree increased from 19.71% in 2023 to 20.95% in 2024[192]. - The company has established a dual career development path for employees, focusing on both management and technical roles[196]. - The performance evaluation results are linked to employee bonuses, salary adjustments, and personal development plans[200].
中广核电力(01816) - 2024 - 年度财报