2023-03-21 16:00Financial Performance - The company's operating revenue for 2022 was CNY 246.72 billion, an increase of 20.31% compared to CNY 205.08 billion in 2021[18]. - The net profit attributable to shareholders was a loss of CNY 7.39 billion, an improvement of 26.17% from a loss of CNY 10.01 billion in the previous year[18]. - The net cash flow from operating activities reached CNY 32.52 billion, a significant increase of 420.23% compared to CNY 6.25 billion in 2021[18]. - The revenue after deducting non-core business income was CNY 236.39 billion, reflecting a 21.59% increase from CNY 194.43 billion in 2021[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 9.42 billion, a 23.40% improvement from a loss of CNY 12.30 billion in 2021[18]. - Operating revenue for Q4 2022 was CNY 62.77 billion, with a total annual revenue of CNY 248.62 billion[24]. - The company reported a net loss of CNY -3.44 billion in Q4 2022, contributing to an annual net loss of CNY -7.39 billion[24]. - Basic earnings per share for 2022 were CNY -0.61, an improvement of 20.78% from CNY -0.77 in 2021[20]. - The weighted average return on net assets was -18.50%, slightly improved by 0.21 percentage points from -18.71% in the previous year[20]. - The net profit attributable to shareholders under Chinese accounting standards for 2022 was CNY -7.39 billion, compared to CNY -10.01 billion in 2021[21]. Strategic Focus and Development - The company is focused on transformation and development, considering investment needs in its strategic planning[4]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[22]. - The company plans to enhance R&D investment and accelerate the transformation of technological achievements to support high-quality development[58]. - The company aims to achieve an electricity generation volume of approximately 469 billion kilowatt-hours in 2023[94]. - The company will focus on increasing the proportion of clean energy and optimizing the structure of its installed capacity to adapt to the rapid growth of renewable energy[96]. - The company plans to continue expanding its renewable energy capacity and exploring new technologies to enhance operational efficiency[65]. Environmental and Sustainability Initiatives - The company actively promoted green and low-carbon development, with significant growth in wind and solar power generation capacity[29]. - The company has implemented advanced flue gas purification systems in new coal-fired power plants to comply with stringent environmental regulations[100]. - The company has established emergency response plans for environmental incidents, adhering to national and local regulations[153]. - The company has engaged in various community support initiatives, including educational and emergency assistance programs[165]. - The company has established a 2,000 tons/year CO₂ capture facility at the Yangpu gas turbine project, furthering its sustainability goals[159]. - The company is actively developing clean energy sources, including wind and solar, while enhancing the environmental performance of existing coal-fired assets[157]. Risk Management and Governance - The company emphasizes risk management and has implemented effective measures to address potential risks identified in its annual risk management report[6]. - The company has a comprehensive risk management system in place, with annual evaluations and updates to internal control measures[103]. - The company has established a comprehensive governance structure to ensure effective decision-making and compliance with regulatory requirements[102]. - The company has committed to avoiding competition with its controlling shareholder, ensuring operational independence and compliance with regulations[106]. - The company has received the "Most Valuable High-Quality Development Listed Company" award and the "Outstanding Board of Directors" award, reflecting its strong governance and investor relations[103]. Financial Management and Investments - The company issued over 270 billion RMB in debt financing in 2022, gradually reducing its overall funding costs[33]. - The company has a well-defined compensation policy linked to performance, promoting efficiency and fairness in salary distribution[133]. - The company has approved the financial derivative business for 2023, indicating a strategic move towards financial diversification[129]. - The company has established a cash dividend policy, distributing at least 50% of the annual distributable profit in cash if conditions are met[135]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[171]. Operational Performance - The total electricity generation for 2022 was 45,107,000 MWh, a decrease of 1.37% year-on-year, with total revenue of 2,199.83 billion RMB, up 16% from the previous year[71]. - The company achieved a total market-based electricity transaction volume of 3,758.68 billion kWh in 2022, representing an increase of 1,107.58 billion kWh or 41.8% year-on-year[76]. - The company’s electricity sales volume reached 1,951 billion kWh, maintaining a leading position in the industry, with a high renewal rate for contracts[77]. - The company has upgraded its wind power technology, with 21% of its total wind power capacity now consisting of turbines with a capacity of 5 MW or more[73]. - The company has a total of 34,327 production personnel and 1,611 sales personnel, indicating a strong operational workforce[131]. Community and Social Responsibility - Total charitable contributions amounted to 1,875.1 thousand yuan, benefiting numerous public welfare projects[161]. - The company invested 1,298.2 thousand yuan in poverty alleviation and rural revitalization projects, impacting approximately 43,000 people[163]. - The company is actively engaged in environmental impact assessments for its construction projects, ensuring adherence to environmental protection measures[152].