Energy Capacity and Generation - As of December 31, 2022, the company's controllable installed capacity reached 127,228 MW, with low-carbon clean energy capacity accounting for 33,171 MW, representing 26.07% of the total[6][15]. - The company operates power plants across 26 provinces, autonomous regions, and municipalities in China, and has investments in power operations in Singapore and Pakistan[6]. - The company has a diversified energy portfolio, including wind, solar, coal, gas, hydro, and biomass power generation[16]. - The company added controllable power generation capacity of 2,585 MW from thermal power, 3,092.55 MW from wind power, and 2,935.18 MW from solar power in 2022[36]. - The company’s low-carbon clean energy capacity accounted for 26.07% of total installed capacity[36]. - In 2022, the company's domestic electricity generation (in billion kWh) from coal units decreased by 4.01% year-on-year, totaling 3,638.93 billion kWh[59]. - Wind power generation increased by 34.01% year-on-year, reaching 274.10 billion kWh in 2022[59]. - Solar power generation saw a significant increase of 71.29% year-on-year, totaling 60.06 billion kWh in 2022[59]. Financial Performance - In 2022, the company achieved consolidated operating revenue of RMB 246.725 billion, representing a year-on-year growth of 20.31%[51]. - The net loss attributable to equity holders of the company for 2022 was RMB 8.026 billion, a reduction in loss of 22.66% compared to the previous year[51]. - The company's consolidated operating revenue for 2022 was RMB 246.725 billion, an increase of 20.31% compared to RMB 205.079 billion in the previous year[67]. - The company's net loss for 2022 was RMB 10.973 billion, a reduction of RMB 1.961 billion compared to the previous year's net loss of RMB 12.934 billion[83]. - The company's pre-tax loss for 2022 was RMB 10.814 billion, an improvement of RMB 4.050 billion compared to a pre-tax loss of RMB 14.864 billion in the previous year[67]. - The total tax and additional charges for 2022 were RMB 1.442 billion, a decrease of RMB 244 million from RMB 1.686 billion in the previous year[69]. Investments and Capital Expenditure - The company plans to allocate capital expenditures of RMB 53.90 billion for thermal power, RMB 118.36 billion for wind power, and RMB 140.00 billion for photovoltaic projects in 2023, primarily funded through self-owned funds and bank loans[97]. - The company’s capital expenditure for infrastructure and upgrades in 2022 was RMB 40.01 billion, with significant investments in various wind and clean energy projects[95]. - The company acquired a 25% stake in Shenzhen Energy Group for RMB 2.39 billion, which is projected to provide stable investment returns in the future[113]. - The investment in Sichuan Energy Development is expected to yield RMB 1.96 billion in investment income for the company in 2022, contributing to stable returns[114]. Corporate Governance and Compliance - The company has implemented strict compliance with securities trading regulations for directors, ensuring no insider trading activities occurred among board members[155]. - The company has established a comprehensive risk management and internal control system, successfully passing external audits for 17 consecutive years[137]. - The company has complied with all provisions of the Corporate Governance Code except for C.2.1, which requires a clear distinction between the roles of the Chairman and the CEO[133]. - The company is in the process of appointing a new CEO to comply with the Corporate Governance Code[133]. - The board of directors consists of 15 members, including 5 independent non-executive directors, representing one-third of the board[161]. Employee and Training Initiatives - The company’s total number of employees, including domestic and overseas, reached 57,069 as of December 31, 2022, with competitive compensation linked to performance[116]. - The company is committed to enhancing employee training programs to improve overall employee quality and skills[116]. - All directors and supervisors participated in various training sessions throughout 2022 to enhance compliance awareness and professional capabilities[190]. Environmental Commitment - The company is committed to achieving carbon peak and carbon neutrality goals, promoting green and low-carbon energy transformation[108]. - The company has implemented advanced emission purification systems in new coal-fired power plants to comply with stringent environmental regulations[128]. - The company aims to enhance the proportion of clean energy and optimize its installed capacity structure in line with national "dual carbon" goals[123]. Risk Management - The company has developed a risk management framework that includes risk identification, assessment, response, and monitoring, enhancing its risk resilience[147]. - The company has established a risk reporting and early warning mechanism to facilitate effective risk management across all levels[148]. - The board of directors has approved the 2022 comprehensive risk management report, ensuring compliance with relevant regulations[148]. Shareholder Relations - The company emphasizes shareholder relations and maintains communication through multiple channels to promote mutual understanding[157]. - The company has established a dedicated department to facilitate communication with shareholders and investors, ensuring timely and accurate information dissemination[157]. - The company actively engages in investor relations activities to build long-term trust with investors[136].
华能国际电力股份(00902) - 2022 - 年度财报