JINKONG POWER(SZ:000767)2025-04-24 11:10Financial Performance - The company's operating revenue for 2024 was ¥16,669,653,222.71, a decrease of 15.02% compared to ¥19,615,673,620.89 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥32,077,434.32, a significant increase of 106.23% from a loss of ¥515,037,816.95 in 2023[18]. - The net cash flow from operating activities for 2024 was -¥978,696,835.85, an improvement of 37.83% compared to -¥1,574,186,031.69 in 2023[18]. - The total assets at the end of 2024 were ¥58,559,326,639.54, a decrease of 3.23% from ¥60,514,433,347.44 at the end of 2023[18]. - The net assets attributable to shareholders increased by 2.54% to ¥11,400,759,332.34 at the end of 2024, compared to ¥11,117,957,634.63 at the end of 2023[18]. - The basic earnings per share for 2024 was -¥0.0889, an improvement of 65.03% from -¥0.2542 in 2023[18]. - The weighted average return on equity improved by 7.43 percentage points to -4.34% in 2024 from -11.77% in 2023[18]. - The company reported a government subsidy of ¥31,447,023.53 in 2024, a decrease of 36.2% from ¥49,323,114.61 in 2023[25]. - The company achieved a total revenue of ¥146,890,687.69 from other operating income and expenses in 2024, compared to a loss of ¥22,062,380.79 in 2023[26]. - The total operating revenue for 2024 was ¥16,669,653,222.71, a decrease of 15.02% compared to ¥19,615,673,620.89 in 2023[44]. - The electricity segment generated ¥14,015,406,764.05, accounting for 84.08% of total revenue, down 9.40% from ¥15,469,180,006.97 in 2023[44]. - The coal-fired electricity revenue decreased by 24.74% to ¥7,003,082,858.09, representing 42.01% of total revenue[44]. - The gross profit margin for coal-fired electricity improved to 10.11%, an increase of 3.39% year-on-year[46]. - The total operating cost for 2024 was ¥15,188,058,784.20, down 11.99% from ¥17,197,685,293.19 in 2023[48]. - Fuel costs for electricity decreased by 15.43% to ¥7,294,883,584.11, accounting for 48.51% of total operating costs[49]. - The company’s top five customers accounted for 90.13% of total annual sales, with total sales amounting to ¥15,022,956,872.49[51]. - The company’s operating revenue from heat increased by 1.15% to ¥1,026,010,859.23, representing 6.15% of total revenue[44]. Operational Capacity and Production - The company’s total installed capacity reached 1,094.38 MW by the end of 2024, with 880 MW from thermal power, 12.8 MW from hydropower, and 201.58 MW from renewable energy sources[32]. - The company completed a total electricity generation of 43.444 billion kWh in 2024, with an average utilization hour of 3,969.7 hours, which is 805.7 hours higher than the provincial average[32]. - The average utilization hours for conventional thermal power decreased by 171.73 hours year-on-year to 4,491.26 hours in 2024[32]. - The company's total power generation for the year was 43.444 billion kWh, a decrease of 3.42% year-on-year[35]. - The total heating supply reached 41.7578 million GJ, an increase of 2.24% year-on-year[35]. - The total installed capacity was 10,943.8 MW, slightly up from 10,927.9 MW in the previous year[38]. - The company plans to increase its installed capacity with 200 MW under construction and 132 MW approved projects[38]. Research and Development - The company applied for 12 utility model patents and 3 software copyrights in 2024, with 19 utility model patents authorized[39]. - Research and development expenses increased significantly by 1,068.26% to 195,909,572.36 yuan compared to the previous year, indicating a strong focus on innovation[54]. - The number of R&D personnel increased to 533 in 2024, a rise of 130.74% compared to 231 in 2023[62]. - R&D investment amounted to ¥198,575,415.72 in 2024, representing a 226.91% increase from ¥60,742,287.51 in 2023[64]. - The number of R&D projects increased to 19 in 2024, focusing on energy efficiency and carbon emission reduction technologies[64]. Environmental Compliance and Initiatives - The company achieved a 100% compliance rate for major pollutant emissions from flue gas and wastewater[41]. - The company reported a total emission of 33.24 tons of particulate matter, 478.07 tons of sulfur dioxide, and 833.91 tons of nitrogen oxides, all within the regulatory limits[136]. - The company has implemented 17 energy-saving transformation projects to reduce coal consumption levels[146]. - The company has established emergency response plans for environmental incidents and conducts regular training[143]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[146]. - The company is committed to continuous improvement in environmental management and compliance with industry standards[134]. - The company reported a smoke dust emission of 1.92 mg/m³ with a total of 22.12 tons and 73.73 tons for the first and second pollutants respectively[138]. - The company’s pollution emission concentrations have consistently met the requirements of the "Emission Standards for Air Pollutants from Coal-Fired Power Plants"[142]. - The company has established a mechanism for accountability regarding insider trading activities[132]. Corporate Governance and Management - The board of directors consists of 5 members, including 3 independent directors, ensuring compliance with governance regulations[95]. - The company has a comprehensive internal control system that effectively manages risks related to major investments and information disclosure[96]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel management, and financial systems[97]. - The total remuneration for directors, supervisors, and senior management in 2024 is 5.5223 million yuan[107]. - The company has appointed a new board secretary, Yao Jian, effective June 25, 2024, due to a job transfer[101]. - The company has independent directors with significant academic and professional backgrounds, enhancing governance[102][103]. - The company has a diverse management team with experience in various sectors, including power generation and finance[104][105][106]. - The company is focused on enhancing governance and protecting the interests of all shareholders, especially minority shareholders[112]. Strategic Initiatives and Future Outlook - The company is actively pursuing market expansion strategies, with a commitment to invest in new technologies and product development to enhance its competitive edge[196]. - The company has established a three-year future earnings plan, emphasizing sustainable growth and profitability[196]. - The company is focused on expanding its renewable energy portfolio, which includes various projects aimed at enhancing its energy production capabilities[156]. - The company plans to implement a "136" safety management model to strengthen safety culture and awareness among employees[85]. - The company aims to enhance profitability by optimizing electricity pricing and increasing electricity sales, targeting maximum revenue from capacity fees[86]. - The company is committed to achieving sustainable development and improving profitability through innovation and industry upgrades[84]. Community Engagement and Social Responsibility - The company is actively involved in poverty alleviation and rural revitalization, focusing on three villages and three poverty alleviation projects[149]. - The photovoltaic poverty alleviation project has effectively improved the income of over 3,500 impoverished households, with a long-term support period of 20 years[150]. - The company has provided stable employment for 129 villagers in Longgong Village and assisted 25 individuals in Fengcheng Village in finding suitable job placements[151]. - The company has established an "Love Supermarket" in Longgong Village, allowing villagers to earn points for good deeds and redeem them for daily necessities[152]. - The company has organized various cultural activities to enrich the cultural life of villagers and promote positive values[153].