中国电力(02380) - 2021 - 年度财报

Installed Capacity and Energy Generation - In 2021, the total installed capacity of the group reached 28,931.9 MW, with clean energy accounting for 15,091.9 MW, representing 52.16% of the total capacity[26]. - The total electricity sales volume in 2021 was 98,793,792 MWh, an increase of 11.94% compared to 2020[6]. - Hydropower generation contributed 54,770,211 MWh, while wind power and photovoltaic power generated 24,471,737 MWh and 6,888,335 MWh respectively[6]. - The total installed capacity of the company's power plants is approximately 13,840 MW, with equity capacity at 9,040 MW[31]. - The company achieved a total generation capacity of 5,222.3 MW in various provinces, with significant contributions from Shanxi (1,030 MW) and Hubei (849.4 MW)[30]. - The total installed capacity of clean energy sources, including hydropower, wind power, and solar power, reached 15,091.9 MW, an increase of 8.18 percentage points from the previous year[76]. - The total installed capacity of projects under construction as of December 31, 2021, is 6,631.9 MW, with clean energy projects accounting for 69.84% of the total[88]. - In 2021, the total electricity generation was 103,048,687 MWh, a decrease of 14.74% compared to 2020, while wind power generation increased by 69.34% to 7,020,878 MWh[90]. Financial Performance - The group reported a total revenue of RMB 171,219,000 in 2021, a significant decrease from RMB 2,925,551,000 in 2020[6]. - The company's net profit was RMB 171,219,000, a decrease of RMB 2,754,332,000 or 94.15% compared to the previous year[108]. - The company's revenue for 2021 was RMB 34,734,288,000, an increase of 22.18% from RMB 28,427,721,000 in 2020[110]. - Operating costs for 2021 were RMB 31,601,265,000, an increase of 41.12% from RMB 22,393,465,000 in 2020, primarily due to rising fuel costs[114]. - Total fuel costs increased by RMB 7,061,819,000, driven by a significant rise in coal prices and increased electricity sales[115]. - The average unit fuel cost for coal power was RMB 277.80 per MWh, a substantial increase of 40.94% from RMB 197.10 per MWh in the previous year[115]. - Financial expenses rose to RMB 3,861,500,000, an increase of RMB 657,802,000 or 20.53% compared to the previous year[120]. - The proposed final dividend for the year ended December 31, 2021, is RMB 0.05 per share, totaling RMB 541,669,000, down from RMB 1,274,895,000 in the previous year[124]. Clean Energy Initiatives - The company aims to enhance its clean energy portfolio and reduce reliance on coal-fired power generation[26]. - The company has a significant focus on clean energy, with approximately 120 GW of its total capacity being clean energy, representing 61.54% of its total installed capacity[35]. - The company is committed to achieving a green, low-carbon, and innovation-driven transformation strategy in 2022[60]. - The company aims to transform from a traditional power generation enterprise to a green low-carbon energy supplier, with a strategic focus on becoming a world-class provider by 2035[53][54]. - The company is focused on exploring new business models that integrate photovoltaic energy with agriculture, forestry, animal husbandry, and fishery sectors[60]. - The company is dedicated to achieving a green, low-carbon, and innovation-driven transformation strategy in 2022[60]. - The company is committed to supporting local communities in green development and environmental protection, enhancing its corporate social responsibility initiatives[152]. Market Expansion and Strategic Development - The company has plans for market expansion and technological advancements in renewable energy sectors[26]. - The company is actively involved in mergers and acquisitions to strengthen its market position and operational capabilities[26]. - The company aims to strengthen its leading position in the clean energy sector by focusing on large-scale wind and solar projects, targeting a significant increase in installed capacity[60]. - The company is actively participating in market-oriented direct electricity trading and developing integrated smart energy projects to expand its user base[159]. - The company is committed to ESG management to enhance its international brand and image[162]. Operational Efficiency and Management - The company has received recognition for its operational efficiency and management capabilities, including the AAAAA rating from the China Electric Power Enterprise Union[36]. - The company has implemented cost-saving measures and efficiency improvements to reduce administrative and operational expenses, optimizing financial management[146]. - The group established a quality, occupational health and safety, and environmental (QHSE) management system that continues to operate effectively, ensuring compliance with international standards[150]. - The company is enhancing its operational management by improving procurement efficiency and digital transformation of coal power units[162]. Corporate Governance - The company emphasizes the importance of good corporate governance and has adhered to the corporate governance code, ensuring fair treatment of all shareholders[163]. - The board of directors consists of seven members, with a majority being non-executive directors, ensuring independent judgment and effective governance[168]. - The company has established a nomination policy outlining the criteria and procedures for selecting suitable candidates for the board[180]. - The company has adopted a code of conduct for directors' securities trading, confirming compliance during the fiscal year[184]. - The board is responsible for overseeing risk management, internal control systems, and corporate governance[187]. Sustainability and Environmental Impact - The company emphasizes sustainable development and environmental protection, with a commitment to reducing carbon emissions and enhancing operational efficiency[154]. - The group is committed to achieving the "30-60" carbon peak and carbon neutrality goals, with ongoing investments in green low-carbon smart assets and clean energy projects[79]. - The company has adopted the TCFD framework for climate-related financial disclosures, identifying risks and opportunities associated with climate change[153]. - The company is actively engaging in the carbon trading market and green certificate tracking to leverage its competitive advantages[162].