HDPI(SH:600027)2022-03-25 16:00Financial Performance - The company's operating revenue for 2021 was RMB 104,422,213 thousand, representing a 12.27% increase compared to RMB 93,009,907 thousand in 2020[16] - The net profit attributable to shareholders of the listed company was a loss of RMB 4,965,346 thousand, a decrease of 211.80% from a profit of RMB 4,441,268 thousand in the previous year[16] - The net cash flow from operating activities was a negative RMB 6,350,506 thousand, down 124.00% from RMB 26,465,861 thousand in 2020[16] - The total assets at the end of 2021 were RMB 218,860,429 thousand, a decrease of 9.84% from RMB 242,750,409 thousand at the end of 2020[16] - The net assets attributable to shareholders of the listed company decreased by 16.88% to RMB 61,829,644 thousand from RMB 74,383,869 thousand in 2020[16] - The company reported a decrease in the net profit after deducting non-recurring gains and losses to a loss of RMB 8,368,162 thousand, down 327.93% from RMB 3,671,424 thousand in 2020[16] - The basic earnings per share for 2021 was -0.61 CNY, a decrease of 269.44% compared to 0.36 CNY in 2020[17] - The weighted average return on equity decreased to -13.67% in 2021, down 20.93 percentage points from 7.26% in 2020[17] - The net profit attributable to shareholders under Chinese accounting standards was -4,965,346 thousand CNY for the current period, compared to 4,441,268 thousand CNY in the previous period[18] Revenue and Costs - The company's total operating costs were approximately RMB 117.969 billion, a year-on-year increase of 38.64%[33] - The company's fuel costs amounted to approximately RMB 75.743 billion, reflecting a significant year-on-year increase of 74.68% due to rising coal prices[35] - The company's total revenue from power generation was RMB 83,642,028 thousand, a decrease of 5.76% compared to the previous year[37] - Revenue from heating services was RMB 7,468,176 thousand, down 32.10% year-on-year, with a gross margin decrease of 28.63 percentage points to 10.61%[37] - The total revenue from coal sales was RMB 11,616,654 thousand, reflecting a 5.55% decrease, with a gross margin reduction of 4.91 percentage points to 4.03%[37] Operational Efficiency and Capacity - The company's total electricity generation reached 233.801 billion kWh, an increase of 7.52% compared to the previous year[26] - The company's total installed capacity reached approximately 53,355.55 MW, with coal-fired generation accounting for about 79%[29] - The company's coal consumption per unit of electricity generated was 287.55 grams/kWh, with all 95 coal-fired units meeting ultra-low emission standards[26] - The company's power generation efficiency showed a utilization rate of 4.86%, with an increase in annual utilization hours to 4,066 hours, up by 422 hours year-on-year[62] Investments and Future Plans - The company plans to expand its renewable energy capacity, particularly in wind and solar sectors, to enhance sustainability[53] - The company aims to achieve a 20% increase in overall power generation capacity by 2025 through strategic investments and expansions[57] - The company plans to invest around RMB 17 billion in 2022 for power project infrastructure, environmental protection, and energy-saving technology upgrades[74] - The company is focusing on the development of new energy projects, with related asset contribution plans being discussed and approved[120] Governance and Compliance - The company emphasizes the importance of compliance management and enhancing governance levels to ensure regulatory adherence and risk prevention[75] - The company has established a three-tier internal control assessment mechanism to promote efficient internal control work[79] - The company strictly adheres to insider information management, ensuring no illegal gains from insider trading[80] - The company is committed to continuous improvement in corporate governance and internal management to promote stable and healthy development[87] Shareholder and Management Information - The total pre-tax compensation for the chairman, Ding Huande, was CNY 450,000[95] - The total pre-tax compensation for the general manager, Luo Xiaoqian, was CNY 852,900[95] - The total pre-tax compensation for the financial director, Feng Rong, was CNY 760,400[95] - The total pre-tax compensation for the deputy general manager, Peng Guoquan, was CNY 778,400[99] - The company has appointed new directors and supervisors, including Zhang Zhiqiang and Li Pengyun, who were newly elected as directors[109] Environmental and Social Responsibility - The company achieved a 100% operational rate for desulfurization equipment and reduced wastewater discharge by approximately 99%, totaling about 7.86 million tons[146] - The company’s carbon emission intensity decreased by 7.4 grams per kilowatt-hour compared to the previous year, reflecting effective energy-saving technology research and management[147] - In 2021, the company allocated 4.921 million yuan for poverty alleviation projects, contributing significantly to the consolidation of poverty alleviation results in various regions[148] - The company received recognition for its poverty alleviation efforts, with its Hubei office awarded as an advanced collective in poverty alleviation[148] Financial Transactions and Debt Management - The company entered into a loan framework agreement with China Huadian, allowing for an annual borrowing limit of RMB 200 billion, with an outstanding balance of approximately RMB 171.66 billion as of December 31, 2021[157] - The company has issued a total of 15 billion RMB in corporate bonds, with interest rates ranging from 3.58% to 5.20%[196] - The total amount raised from the issuance of bonds was 43.50 billion RMB, with all funds fully utilized[199] - The company has no significant contracts or guarantees applicable for the reporting period[175]