Financial Performance - In 2022, CGN Power reported operating revenue of RMB 82,822.40 million, representing a growth of 2.66% compared to 2021[15]. - The net profit attributable to shareholders of the parent company was RMB 9,964.85 million, an increase of 2.06% from the previous year[15]. - The EBITDA for 2022 was RMB 35,909.97 million, which decreased by 2.51% compared to 2021[15]. - The total profit for the year was RMB 18,699.18 million, an increase from RMB 18,165.99 million in 2021[17]. - The proposed dividend for the year is RMB 0.087 per share (tax included), representing a growth of 3.6% compared to 2021[30]. - The company maintained a dividend payout ratio of 44.09%, an increase from 43.58% in 2021 and 42.25% in 2020, marking consecutive growth[31]. - Investment income increased by 19.2% to RMB 1,677,126.74 thousand, driven by the commercial operation of Unit 6 at Hongyanhe Nuclear Power Plant[52][53]. - The debt-to-asset ratio improved to 61.4% in 2022 from 62.3% in 2021[51]. - The company has diversified its debt financing, with long-term bank loans accounting for approximately 94.4% of total borrowings[164]. Operational Efficiency - The average capacity factor of the company's 26 operating nuclear power units was approximately 90%, achieving world-class levels for five consecutive years[37]. - The average utilization hours for nuclear power units reached 7,311 hours, with 25 units averaging 7,510 hours, reflecting a three-year average of 7,451 hours[37]. - The company successfully completed all 19 planned refueling outages for the year, meeting both schedule and quality targets despite challenges posed by the pandemic[37]. - The average load factor in 2022 was 85.45%, compared to 89.78% in 2021[80]. - The company is focusing on R&D in advanced nuclear technologies, establishing three major R&D bases in the Guangdong-Hong Kong-Macao Greater Bay Area[32]. - The company aims to enhance the comprehensive utilization of nuclear energy, with the successful operation of the Hongyanhe nuclear heating demonstration project marking a significant step forward[31]. - The company plans to continue optimizing operational costs through lean management and technological innovation to enhance the economic efficiency of nuclear power[41]. Environmental Impact - The total electricity generated was 198,374.80 GWh, contributing to a reduction of approximately 16,425.43 million tons of CO2 emissions[11]. - The total electricity generated by the company's nuclear power plants in 2022 was equivalent to a reduction of approximately 59.81 million tons of standard coal consumption, resulting in a reduction of CO2 emissions by about 164.25 million tons[89]. - The company emphasizes environmental governance and social development in its operational strategies[28]. - The company's radioactive waste emissions are significantly below national standards, demonstrating its commitment to environmental responsibility[183]. Strategic Initiatives - The company aims to strengthen its position as a leading global nuclear energy supplier and service provider[6]. - The company is committed to adapting to electricity market reforms with tailored strategies for each province[28]. - The company has a diversified business model centered on nuclear power generation and related services, leveraging various forms of capital[23]. - The company is actively involved in the construction of new nuclear projects, with the Lufeng Unit 5 officially starting construction on September 8, 2022[72]. - The company is focusing on safety management, operational efficiency, and comprehensive utilization of nuclear energy as part of its strategic initiatives[73]. Research and Development - The company has applied for a total of 1,387 patents in 2022, with 854 patents granted, including two invention patents awarded the 23rd China Patent Silver Award[39]. - The company has established three R&D bases in Shenzhen, Yangjiang, and Zhongshan to enhance core technology reserves and promote technological innovation[39]. - The company has developed the third-generation nuclear technology "Hualong One," which is based on over 30 years of experience in nuclear power design, construction, and operation, aiming to improve economic efficiency and competitiveness[122]. - The company has focused on the development of advanced nuclear fuel and fourth-generation reactor technologies, ensuring competitiveness and sustainable development[124]. Community Engagement - The company engaged over 30,000 students across 115 schools in nuclear energy education initiatives[192]. - The company hosted over 100 public outreach events related to clean energy, with nearly 5,000 volunteers participating[192]. - The company actively promotes community development and rural revitalization in regions such as Guangxi, Guangdong, and Fujian, contributing to local economic improvement and poverty alleviation efforts[193]. - In November 2022, the company donated RMB 700,000 to support educational development in Beibu Bay Senior High School, Guangxi, and established one-on-one assistance relationships with underprivileged students[194]. Employee Development - The total number of employees at the end of 2022 was 18,968, an increase from 18,248 in 2021, reflecting a growth of approximately 3.9%[132]. - The average training hours per employee in 2022 reached 139.5 hours, with a focus on enhancing understanding of "carbon peak and carbon neutrality" goals[142]. - The company has established a comprehensive talent cultivation system, collaborating with multiple universities to train new employees in nuclear power-related courses[143]. - The company has implemented an internal market mechanism to enhance the efficiency of human resource allocation and provide more development opportunities for employees[137]. Safety and Compliance - The company maintained a good safety record with no Level 2 or above nuclear incidents reported in its operational history[77]. - The company has implemented a comprehensive occupational health and safety management system, achieving ISO45001 certification[155]. - The company actively monitors occupational health hazards and has established personal health monitoring files for employees through external professional assessments[157]. - The company has maintained strict compliance with national standards for radioactive waste management, with no administrative penalties due to environmental issues[87].
中广核电力(01816) - 2022 - 年度财报