XCEP(SH:600505)2025-04-17 12:55Financial Performance - The company's operating revenue for 2024 reached ¥1,454,149,472.25, representing a 3.52% increase compared to ¥1,404,637,745.37 in 2023[21] - The net profit attributable to shareholders for 2024 was ¥8,294,191.40, a significant recovery from a loss of ¥44,605,732.43 in 2023[21] - The net profit after deducting non-recurring gains and losses was ¥18,477,819.64, compared to a loss of ¥56,938,713.61 in the previous year[21] - The cash flow from operating activities increased by 21.53% to ¥244,720,245.88 from ¥201,364,460.09 in 2023[21] - The basic earnings per share for 2024 was ¥0.0228, recovering from a loss of ¥0.1224 in 2023[22] - The weighted average return on equity improved to 0.68%, an increase of 4.28 percentage points from -3.60% in 2023[23] - The operating profit was RMB 17.96 million, a significant improvement from a loss of RMB 77.16 million in the previous year[39] - The company achieved a turnaround in operating performance in 2024, resulting in profitability[103] Revenue and Sales - The company reported a 7.84% increase in electricity sales volume, contributing to a 5.67% revenue growth[23] - The average selling price of electricity from the subsidiary increased by 29.46%, leading to a 17.66% increase in revenue and a reduction in losses by 18.57%[23] - The company achieved a total electricity sales volume of 3.39 billion kWh, a year-on-year increase of 4.91%[39] - Total revenue reached RMB 1,454.15 million, reflecting a year-on-year growth of 3.52%[40] - The total electricity generation for the reporting period reached 119,867.39 million kWh, an increase of 8.84% year-on-year, with hydropower contributing 113,798.50 million kWh and photovoltaic power contributing 6,068.89 million kWh[66] Assets and Liabilities - The total assets decreased by 5.36% to ¥4,156,220,454.56 from ¥4,391,558,115.60 in 2023[21] - Total liabilities decreased to CNY 2,794,061,336.05 from CNY 3,010,510,375.09, reflecting a reduction of approximately 7.18%[195] - The long-term borrowings decreased from CNY 1,868,853,407.22 in 2023 to CNY 1,705,469,778.39 in 2024, a decline of about 8.71%[195] - The company's equity attributable to shareholders increased slightly from CNY 1,212,226,502.36 to CNY 1,212,554,967.43, showing a marginal increase of approximately 0.03%[195] Investments and Expenditures - The total research and development expenditure was 486,407.76 yuan, which is 0.03% of the operating revenue[52] - The total investment in capital projects during the reporting period was 2,784.78 million yuan, with a budget of 16,411.00 million yuan, achieving 100.98% of the budgeted investment for the 2016 project[68] - The company invested CNY 434,400 in environmental protection during the reporting period, focusing on ecological balance and pollution prevention[131] Governance and Compliance - The company aims to enhance its governance structure and improve operational standards, receiving multiple accolades including the "Golden Bull Award" for new rising companies[32] - The company is committed to investor relations, ensuring compliance and timely information disclosure to enhance communication with investors[33] - The board of directors convened seven meetings, reviewing 47 proposals, ensuring effective governance and decision-making[89] - The company disclosed four periodic reports and 62 temporary announcements, maintaining transparency and compliance with information disclosure regulations[89] Legal Matters - The company is involved in a significant lawsuit regarding a contract dispute, with updates disclosed on the Shanghai Stock Exchange[144] - The company has incurred litigation costs of CNY 4,351,432.00 related to the case, which has been upheld by the Supreme Court[146] - The company has ongoing litigation regarding the return of 50 million shares of Huaxi Securities, which includes claims for dividends and other benefits[145] Sustainability and Social Responsibility - The company has reduced carbon emissions by 52,470 tons through the use of clean energy sources, including hydropower and photovoltaic power generation, which accounted for 100% of total electricity generation[133] - The company invested a total of 374,000 RMB in poverty alleviation and rural revitalization projects, benefiting 800 people[134] - The company organized over 70 meetings to support the development of local party branches and youth party member cultivation[135] Future Plans and Strategies - The company aims to enhance traditional business efficiency and accelerate online service provision through a new power supply service organization system[71] - The company plans to actively expand its power construction and installation business, providing comprehensive technical and management services for power engineering[71] - The company is committed to becoming a reliable and trustworthy first-class clean energy enterprise by 2025, as part of its 14th Five-Year Plan[82]