Company Overview - The company operates a total of 44 power generation enterprises with a total installed capacity of approximately 54,754.24 MW, including 43,700 MW from coal-fired power, 8,589.05 MW from gas-fired power, and 2,459 MW from hydropower[4]. - The company has a total of 24,755 employees as of December 31, 2022[5]. - The company has significant ownership in various power plants, including 100% ownership of the Zouxian Power Plant with a capacity of 2,575 MW and the Shiliquan Power Plant with a capacity of 2,120 MW[6]. - The company has a 69% stake in the Zouxian Company, which has a capacity of 2,000 MW, and a 75% stake in the Laizhou Company with a capacity of 4,000 MW[6]. - The company is positioned in key power load centers and areas rich in coal resources across 12 provinces, autonomous regions, and municipalities in China[4]. Financial Performance - In 2022, the company achieved a revenue of approximately RMB 105.96 billion, an increase of about 4.74% compared to 2021[23]. - The company reported a net loss attributable to shareholders of approximately RMB 0.31 billion, with a basic loss per share of RMB 0.094[24]. - The total power generation reached 220.93 million MWh, representing a year-on-year growth of approximately 0.54%[22]. - The company’s operating expenses in 2022 were approximately RMB 110.14 billion, a decrease of about 4.73% from 2021, with fuel costs rising by approximately 10.95% to RMB 82.87 billion[56]. - The company reported a cash dividend of RMB 0.20 per share for the fiscal year ending December 31, 2022, totaling approximately RMB 1,973,971.64 thousand, subject to shareholder approval[73]. Operational Strategy - The company has plans for future expansion in renewable energy projects as part of its integrated energy strategy[4]. - The company aims to enhance operational efficiency and reduce carbon emissions through the development of advanced technologies in power generation[4]. - The company is focused on strategic acquisitions to strengthen its market position and expand its operational footprint[4]. - The company is committed to maintaining a strong financial position to support ongoing and future projects[4]. - The company is expanding its renewable energy portfolio, with hydroelectric power plants like Sichuan Huadian Luding Hydropower Co. having a capacity of 920 MW and full ownership[11]. Sustainability and Environmental Initiatives - The company aims to reduce carbon emissions by 40% by 2030 as part of its sustainability initiatives[45]. - The company is committed to green and sustainable development, actively adjusting its power generation structure, and exploring new energy models such as geothermal and smart energy[32]. - All 98 coal-fired power generation units of the company met ultra-low emission requirements by the end of the reporting period, demonstrating compliance with environmental standards[84]. - The company is committed to enhancing its ESG rating by implementing pollution prevention measures and optimizing water usage and emissions management[36]. Governance and Compliance - The company emphasizes the importance of corporate governance and continuously improves its governance structure in accordance with relevant laws and regulations[160]. - The board consists of 12 members, including 5 independent non-executive directors, ensuring a diverse skill set and experience[164][165]. - The company has established a code of conduct for directors and supervisors regarding securities trading, ensuring compliance with relevant regulations[181]. - The audit committee is responsible for overseeing the effectiveness of the company's internal control and risk management systems[185]. - The company has implemented stricter governance measures than those required by the Hong Kong Corporate Governance Code[161]. Future Outlook - Future outlook includes potential market expansion and investment in new technologies to enhance operational efficiency[15]. - The group plans to add a total of 8,189.08 MW of new installed capacity across various projects, including two 535 MW gas units and two 1,000 MW coal units[27]. - The national electricity consumption is projected to reach 9.15 trillion kWh in 2023, representing a growth of approximately 6% compared to 2022[28]. - The group anticipates generating around 220 billion kWh of electricity in 2023, with stable utilization hours for power generation equipment[30]. - An investment of approximately RMB 13 billion is planned for power generation projects, environmental protection, and energy-saving technology upgrades in 2023[30].
华电国际电力股份(01071) - 2022 - 年度财报