GGEP(SH:600236)2023-04-27 16:00Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of CNY 3,209,101,606.53, representing a 112.69% increase compared to the previous year[4]. - The total operating revenue for 2022 was CNY 10,624,713,800, marking a 23.69% increase from 2021[18]. - The company proposed a cash dividend of CNY 2 per 10 shares, totaling CNY 1,576,475,560.40, based on the year-end share capital of 7,882,377,802 shares[4]. - As of the end of 2022, the company's accumulated undistributed profits reached CNY 5,602,780,328.12[4]. - The parent company reported a net profit of CNY 968,828,554.83 for 2022, with accumulated undistributed profits of CNY 2,943,092,563.60[4]. - The company’s earnings per share for 2022 was CNY 4.18, an increase of 114.11% compared to the previous year[18]. - The net profit attributable to shareholders of the listed company reached CNY 18,903,204,900, an increase of 11.55% compared to CNY 16,946,178,741 in 2021[19]. - Basic earnings per share (EPS) increased by 117.74% to CNY 0.3965 from CNY 0.1821 in 2021[20]. - The weighted average return on equity rose to 19.64%, an increase of 10.06 percentage points from 9.58% in the previous year[20]. - The net cash flow from operating activities was CNY 6,596,234,614.43, up 57.75% from CNY 4,181,495,973.04 in 2021[19]. - The company reported a diluted EPS of CNY 0.3965, consistent with the basic EPS due to no potential ordinary shares in the current period[20]. Operational Highlights - The company did not face any significant operational risks during the reporting period[7]. - The company has no non-operating fund occupation by controlling shareholders or related parties[6]. - The company has no violations of decision-making procedures for external guarantees[6]. - The company achieved a cash flow from operating activities of 659.623 million yuan, a year-on-year increase of 57.75%[29]. - The company’s total power generation reached 41.535 billion kWh, an increase of 18.11% year-on-year, with hydropower contributing 36.068 billion kWh, up 23.17%[28]. - The company’s clean energy sources, including hydropower, wind power, and photovoltaic, accounted for 89.40% of its operational capacity, highlighting its commitment to sustainable energy[35]. - The company’s photovoltaic power generation increased significantly by 410.25% year-on-year, contributing 206 million kWh in 2022[28]. - The total production of electricity reached 415.35 billion kWh, reflecting an increase of 18.11% compared to the previous year[47]. - The average utilization hours for photovoltaic power increased significantly to 1,361 hours, up 1,055 hours year-on-year[66]. Investment and Capital Expenditure - The company reported a significant increase in investment cash flow, with a net outflow of CNY 3,695,151,987.66, up 150.02% year-on-year, primarily due to increased capital expenditures[41]. - Total capital expenditure for 2022 reached approximately 1.64 billion RMB, with significant investments in renewable energy projects including 1.64 billion RMB for the Guangxi Tian Dong agricultural and solar complementary project and 2.36 billion RMB for five new energy projects[72][73]. - The company plans to invest approximately 3.40 billion RMB in new energy projects, with funding sourced from 30% equity and 70% bank loans[73]. - The company’s major investment units include Longtan Hydropower Development Co., with total assets of 1.79 billion RMB and net profit of 716.94 million RMB, and Datang Yantan Hydropower Co., with total assets of 405.09 million RMB and net profit of 59.94 million RMB[77]. Governance and Compliance - The board of directors held 8 meetings during the reporting period, ensuring compliance with regulations and timely disclosure of resolutions[91]. - The supervisory board convened 3 meetings, with no instances of vetoing board resolutions or discovering inaccuracies in financial reports[92]. - The internal control system includes a comprehensive set of regulations, with effective execution of financial management and auditing processes[93]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with shareholders and investors[95]. - The controlling shareholder, China Datang, maintains the company's independence in assets, personnel, finance, and operations, with no significant competition issues identified[96]. - The company has established a dedicated auditing department to ensure compliance with internal control systems and financial regulations[94]. Future Outlook and Strategic Initiatives - The company aims for a power generation target of 39.82 billion kilowatt-hours and a revenue target of 10.446 billion yuan in 2023[83]. - The company plans to accelerate the development of wind and solar energy industries and explore hydrogen energy and digital enterprise models[81]. - The company is focusing on technological innovation and digital transformation to support the construction of a new power system[80]. - The company has set a coal consumption target of 316.99 grams per kilowatt-hour for power generation[83]. - The company is committed to building a first-class clean energy company through green and low-carbon development strategies[81]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[102]. - New product launches are expected to contribute an additional 5 billion yuan in revenue, with a focus on renewable energy solutions[102]. - The company is considering strategic acquisitions to enhance its portfolio, with potential targets identified in the energy sector[102]. Social Responsibility and Environmental Initiatives - The company invested ¥2,196.53 million in environmental protection during the reporting period[143]. - The company reduced carbon emissions by 37,904,943 tons through the use of clean energy sources such as water, wind, and solar power, achieving a clean energy ratio of 90%[153]. - The company conducted 71 social welfare activities with a total investment of ¥36.005 million, including ¥26.10 million for rural revitalization[156]. - Total investment in poverty alleviation and rural revitalization projects amounted to 26.1 million yuan, benefiting 7,284 people[157]. - Annual investment of 6.5 million yuan in education support, with a total of approximately 100 million yuan planned over five years[158]. Employee and Training Initiatives - The total number of employees in the parent company is 995, while the total number of employees in major subsidiaries is 2,705, resulting in a combined total of 3,700 employees[130]. - The company has a training plan that achieved a 100% completion rate, with a total training expenditure of CNY 4.412 million and an average training duration of 112.69 hours per employee[133]. - The company has maintained a 100% training rate for new hires and employees transitioning to new positions[133]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 47,254, down from 49,115 at the end of the previous month[195]. - The largest shareholder, China Datang Group Co., Ltd., holds 4,063,487,233 shares, representing 51.55% of the total shares[196]. - The top ten shareholders collectively hold 78% of the total shares[196].