LEP(SH:600644)2025-04-17 14:20Financial Performance - The net profit attributable to the shareholders of the listed company for 2024 was CNY 22,571,917.34, with a cumulative undistributed profit at the end of the year of CNY -196,861,046.98[8] - The parent company achieved a net profit of CNY 17,803,339.63, with a cumulative undistributed profit of CNY -531,917,431.97 at the end of the year[8] - The company did not propose any profit distribution or capital reserve transfer to increase share capital for the year due to insufficient surplus reserves to cover losses[8] - The company reported a significant decrease in cumulative undistributed profits compared to the previous year, indicating ongoing financial challenges[8] - The net profit attributable to shareholders decreased by 7.11% to ¥22,571,917.34 in 2024 from ¥24,298,721.57 in 2023[26] - The net profit after deducting non-recurring gains and losses fell by 47.25% to ¥6,821,220.32 in 2024, down from ¥12,930,289.64 in 2023[26] - The net cash flow from operating activities decreased by 21.84% to ¥171,339,902.36 in 2024, compared to ¥219,229,707.75 in 2023[26] - The total assets increased by 6.31% to ¥4,400,117,719.83 at the end of 2024, up from ¥4,138,913,228.38 at the end of 2023[26] - The basic earnings per share for 2024 was ¥0.0419, a decrease of 7.11% from ¥0.0451 in 2023[29] - The weighted average return on equity decreased to 1.23% in 2024 from 1.35% in 2023, a reduction of 0.12 percentage points[29] Revenue and Sales - The company's operating revenue for 2024 reached ¥3,195,590,386.55, representing a 7.03% increase compared to ¥2,985,589,147.61 in 2023[26] - Operating revenue increased by 7.03% to CNY 3,195,590,386.55 from CNY 2,985,589,147.61 in the previous year[56] - The total sales volume of electricity reached 469,164 million kWh, reflecting a growth of 3.52% compared to 453,211 million kWh in the previous year[55] - The company’s electricity sales volume in Leshan accounted for 12.14% in 2024, a decrease of 0.43 percentage points year-on-year[47] - Revenue from hydropower increased to 224,886.64 million RMB, up 5.81% compared to the previous year[79] Investments and Capital - The company completed a private placement of A-shares, issuing 39,920,159 shares and raising a total of CNY 199,999,996.59, with a net amount of CNY 198,133,651.71 after deducting issuance costs[14] - The company raised approximately 200 million yuan by issuing 39.92 million A-shares through a simplified procedure, providing new momentum for development[43] - The company holds significant equity stakes in various investments, including 49.45% in a hotel service company and 21.60% in a renewable energy development firm[86] - The company made significant equity investments totaling 4.02 million RMB, with a notable investment of 3.48 million RMB in Sichuan Shengtian New Energy Development Co., Ltd., which focuses on renewable energy projects[87] Operational Efficiency and Compliance - The company has a standard unqualified audit report from Zhongzheng Tiantong Accounting Firm[7] - The company’s board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[5] - The company has detailed potential risks in its management discussion and analysis section, highlighting the importance of investor awareness[13] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[10] - There are no violations of decision-making procedures regarding external guarantees[11] Research and Development - Research and development expenses decreased significantly by 69.77% to CNY 750,939.78 from CNY 2,484,498.06[56] - The number of R&D personnel is 23, representing 0.75% of the total workforce, with 6 holding master's degrees and 15 holding bachelor's degrees[70] - The company obtained 1 invention patent, 5 utility model patents, and 8 software copyrights in 2024, indicating ongoing innovation efforts[72] Environmental and Social Responsibility - The company invested approximately 7.30 million yuan in environmental protection efforts during the reporting period[172] - The company reduced carbon emissions by 417,366 tons through the use of clean energy generation[175] - The company made a total of 1.66 million yuan in donations for various social responsibility projects, benefiting 3,367 individuals[178] - The company has developed a comprehensive rural revitalization plan, with a total investment of 1.4 million yuan in support of poverty alleviation and rural development initiatives[178] Governance and Management - The company has established a comprehensive governance structure, ensuring independent operation of its board and supervisory committee[122] - The company has implemented a performance evaluation system for senior management based on operational targets set at the beginning of the year[127] - The company has established a comprehensive information disclosure management system to ensure accurate, truthful, complete, and timely information disclosure to all shareholders[129] - The company has implemented strict registration and management protocols for insiders and external information users during the reporting period[130] Future Outlook and Strategy - The company aims for a power generation volume of 52 billion kWh and a sales volume of 46.98 billion kWh in 2025[106] - The company plans to actively explore the new energy system market, focusing on clean, low-carbon, and efficient energy solutions in line with national energy strategies[95] - The company is focusing on strategic acquisitions to bolster its market position and diversify its product offerings[136] - Future guidance indicates an expected revenue growth of approximately 15% year-over-year for the next fiscal year[137]