Financial Performance - The company's operating revenue for the year ended December 31, 2021, was RMB 103.4 billion, representing an increase from RMB 95.6 billion in 2020[20]. - The operating revenue for the year was approximately RMB 103.412 billion, an increase of about 8.16% compared to the previous year[37]. - The company reported a net loss attributable to ordinary shareholders of RMB 10.7 billion for the year 2021, compared to a profit of RMB 1.83 billion in 2020[20]. - The net loss attributable to equity holders of the company was approximately RMB 9.27 billion, a decrease of about RMB 12.26 billion compared to the end of 2020[42]. - The pre-tax loss for the year was approximately RMB 11.24 billion, a decrease of about 257.39% compared to the previous year[137]. - The basic loss per share attributable to shareholders was approximately RMB 0.5785, while the basic earnings per share attributable to shareholders in the previous year was approximately RMB 0.0989[137]. - The company did not recommend the distribution of a cash dividend for the fiscal year 2021[137]. - The company’s financial statements for 2021 were audited without any reservations, reflecting a true and fair view of its financial position[185]. Assets and Liabilities - As of December 31, 2021, the total assets of Datang International Power Generation Co., Ltd. amounted to approximately RMB 296.1 billion, with total liabilities of RMB 219.8 billion[21]. - As of December 31, 2021, the equity attributable to the owners of the company was RMB 29.4 billion[21]. - The total liabilities of the group were approximately RMB 219.8 billion, an increase of about RMB 30.9 billion compared to the end of 2020, primarily due to an increase in loan principal[42]. - As of December 31, 2021, the group had a debt ratio of approximately 74.24% and a net debt-to-equity ratio of approximately 207.30%[43]. - The group had cash and cash equivalents of approximately RMB 11.26 billion, with about RMB 0.11 billion in foreign currency deposits[43]. Operational Capacity and Development - The installed capacity reached 68,770.03 MW by the end of 2021, with clean and renewable energy accounting for 30.27% of the total capacity[16]. - In 2021, the company added 774.15 MW of new installed capacity, all of which were renewable energy units[8]. - The company achieved a total power generation of 272.925 billion kWh, indicating stable progress overall[30]. - The company approved 85 clean energy projects with a total capacity of 7,367.16 MW, including 1,862 MW from wind power and 4,585.16 MW from solar power[31]. - The company plans to accelerate the construction of large-scale clean energy bases, focusing on green and low-carbon transformation[78]. Governance and Management - The company is committed to enhancing governance and modernizing its governance capabilities, continuously improving its business management and compliance systems[36]. - The company has established a governance framework to ensure compliance with regulations and effective management practices[98]. - The board of directors consists of 15 members, including 5 independent non-executive directors, ensuring a diverse and professional background[85]. - The board has set up four specialized committees, including the nomination committee and audit committee, with independent directors holding a majority in three of them[87]. - The company has established a system for independent directors, ensuring their terms do not exceed 6 years, in compliance with regulatory requirements[97]. Human Resources and Training - The group employed 32,641 people as of December 31, 2021, and enhanced its performance evaluation system to better align compensation with core personnel and frontline workers[44]. - In 2021, the company provided training for 669,928 person-times, including 183,074 in management and technical training, and 470,125 in production skills[54]. - The company aims to strengthen its core competitiveness through targeted professional training and a long-term talent development mechanism[54]. - The company has a total of 913 employees with master's degrees or higher, and 18,241 with bachelor's degrees[52]. Environmental Commitment - Datang International has been actively pursuing a green low-carbon transformation, with significant progress in its renewable energy projects across multiple regions[8]. - The company is committed to increasing the proportion of renewable energy and accelerating the layout of new energy services to support carbon neutrality goals[46]. - The company has implemented environmental policies in compliance with relevant laws and regulations, focusing on sustainable operations[147]. Financial Management and Compliance - The company has established a system for managing insider information to ensure confidentiality and compliance with relevant laws and regulations[132]. - The audit committee confirmed the independence and objectivity of the auditors for the fiscal year 2021, with audit fees amounting to RMB 11.585 million[134]. - The company has complied with the disclosure requirements under the Listing Rules regarding related party transactions[176]. - The company confirmed that there were no instances of major shareholders misappropriating company funds during the internal control evaluation for 2021[90]. Strategic Outlook - The company is focused on expanding its renewable energy initiatives, aligning with national energy policies and market trends[59]. - Future outlook includes a commitment to technological innovation and the development of new energy solutions to meet growing market demands[60]. - The company aims to enhance safety management capabilities and ensure stable operational performance while adapting to the national unified electricity market system[45].
大唐发电(00991) - 2021 - 年度财报