Financial Performance - For the six months ended June 30, 2023, the company's main business revenue was RMB 1,829,746,480.01, an increase from RMB 1,498,732,043.43 in the same period of 2022, representing a growth of approximately 22.1%[30] - The total operating income for the six months ended June 30, 2023, was RMB 1,833,386,031.70, compared to RMB 1,502,213,920.97 for the same period in 2022, indicating an increase of about 22.0%[30] - The company's net profit attributable to shareholders for the six months ended June 30, 2023, was RMB 128,363,115.12, slightly down from RMB 129,713,416.10 in the same period of 2022, a decrease of approximately 1.0%[25] - Total revenue for the six months ended June 30, 2023, was RMB 1,833,386,031.70, an increase of 22.0% compared to RMB 1,502,213,920.97 for the same period in 2022[45] - General power supply business revenue reached RMB 1,509,652,892.30, up from RMB 1,190,640,941.12, reflecting a growth of 26.8%[45] - The total profit for the same period was RMB 157.3 million, a decrease of 1.0% year-on-year[135] - The net profit for the period was RMB 129.1 million, down 0.5% compared to the previous year[135] - The net profit attributable to shareholders was RMB 128.4 million, reflecting a year-on-year decline of 1.0%[135] Revenue Breakdown - Revenue from incremental power distribution business increased by 22.2% to RMB 163.9 million for the six months ended June 30, 2023, compared to RMB 134.1 million for the same period in 2022[23] - Revenue from power engineering construction services decreased by 9.9% to RMB 159,863,957.11 from RMB 177,447,930.23, accounting for 8.7% of total revenue in 2023[48] - For the six months ended June 30, 2023, the operating revenue from general power supply business increased by 26.8% to RMB 1,509.7 million, compared to RMB 1,190.6 million for the same period in 2022[113] Costs and Expenses - Operating costs rose by 27.7% from RMB 1,246.8 million for the six months ended June 30, 2022, to RMB 1,592.7 million for the six months ended June 30, 2023, mainly due to the increased scale of general power supply operations in the first half of 2023[89] - The income tax expense for the six months ended June 30, 2023, was RMB 28.2 million, with an effective tax rate of 17.9%, compared to RMB 29.2 million and 18.3% for the same period in 2022[121] - Financial expenses decreased significantly from RMB 4,526.6 million for the six months ended June 30, 2022, to RMB 2,393.8 million for the same period in 2023[68] Assets and Liabilities - The total liabilities as of June 30, 2023, amounted to RMB 2,364,063,001.98, an increase from RMB 1,962,792,662.13 as of December 31, 2022, reflecting a growth of approximately 20.4%[5] - The company's current liabilities totaled RMB 1,463,289,626.61 as of June 30, 2023, down from RMB 1,511,575,255.85 as of December 31, 2022, a decrease of about 3.2%[5] - The total assets increased from RMB 5,148.0 million as of December 31, 2022, to RMB 5,546.0 million as of June 30, 2023[70] - The total equity attributable to shareholders as of June 30, 2023, was RMB 3,143,787,797.77, slightly down from RMB 3,147,365,694.96 as of December 31, 2022[96] Customer and Market Development - The company reported a total of 7,290 new household customers, 35 new large industrial customers, and 2,285 new general commercial customers in the first half of 2023[113] - The total electricity sales for the first half of 2023 amounted to 2,866,676.70 MWh, a 25.6% increase from 2,282,636.19 MWh in the same period last year[192] Strategic Initiatives - The company plans to enhance its core power supply business by promoting gas, wind, solar, and pumped storage projects[142] - The company aims to actively seize opportunities in the new energy revolution and develop integrated energy services[142] - The company is actively expanding its renewable energy business, focusing on projects such as gas, photovoltaic, pumped storage, and smart integrated energy stations[188] - The company is advancing the construction of pumped storage and gas power generation projects, with significant support from local government[153] Operational Efficiency - The company is focusing on improving service capabilities by optimizing the electricity business environment and enhancing customer service through its 96598 service center[153] - The average turnover days for accounts payable decreased from 162.9 days as of June 30, 2022, to 137.8 days as of June 30, 2023[125] - The average inventory turnover days decreased from 10.9 days in 2022 to 10.3 days in 2023[175] Risk Management and Compliance - The company is reinforcing its internal control system to mitigate financial risks and improve cost management[153] - The company has adopted the listing rules and standards for the conduct of its directors and supervisors, ensuring compliance with securities trading regulations[197]
四川能投发展(01713) - 2023 - 中期业绩