ELION(SH:600277)2023-04-28 16:00Photovoltaic Capacity and Market Share - In 2022, the company achieved a total installed photovoltaic capacity of approximately 392.61 GW, representing a year-on-year growth of 28.1%[2] - The new photovoltaic installations in 2022 accounted for 46% of the total new installations nationwide, indicating a significant market share under the dual carbon goals[2] - The company reported a significant increase in revenue, with a year-on-year growth of 60.3% in new photovoltaic installations[2] - The company achieved a production capacity of 3.3 million kilowatts in photovoltaic projects, with 1.1 million kilowatts completed and operational, and 2.2 million kilowatts under construction[45] - The photovoltaic power generation revenue dropped by 42.85%, mainly due to the reduction in income from the transfer of equity in the Zhangjiakou photovoltaic project[90] Financial Performance - The company's operating revenue for 2022 was CNY 11,178,160,800.42, a decrease of 10.24% compared to CNY 12,453,798,977.32 in 2021[20] - Net profit attributable to shareholders decreased by 9.22% to CNY 730,818,745.55 from CNY 805,058,352.53 in the previous year[21] - The net profit after deducting non-recurring gains and losses increased by 2.84% to CNY 761,740,228.34 compared to CNY 740,671,091.13 in 2021[20] - Cash generated from operating activities dropped significantly by 63.30% to CNY 797,517,533.09 from CNY 2,173,232,373.62 in 2021[20] - The company's total assets increased by 2.86% to CNY 35,072,628,509.53 from CNY 34,097,144,143.72 in 2021[20] Investment and Research & Development - The company is focusing on innovation in new energy development and utilization models, as outlined in the implementation plan released by the National Development and Reform Commission[2] - The company has established a new energy and new materials research institute to explore projects related to green hydrogen production and green fertilizer, with a 400MW integrated demonstration project approved in January 2023[49] - The company invested a total of approximately 14.8 billion CNY in various R&D projects, with significant allocations to ammonia condensation technology (2.2 billion CNY) and new microbial fertilizer projects (967.6 million CNY)[155] - R&D expenses for the current period amount to approximately ¥399.92 million, a decrease of 2.65% from the previous year[182] Environmental Compliance and Emissions - The company reported actual emissions of 130.307 tons for particulate matter, 262.091 tons for sulfur dioxide, and 245.207 tons for nitrogen oxides in 2022, compared to the approved total emissions of 525.62 tons for particulate matter, 837.48 tons for sulfur dioxide, and 418.74 tons for nitrogen oxides[192] - The company operates 39 emission outlets for organized emissions, ensuring compliance with the pollution discharge standards set by GB25581-2016 and GB13223-2011[192] - The wastewater treatment facilities are functioning normally, with processes including coagulation, sedimentation, and filtration in place[195] - There were no administrative penalties imposed on the company due to environmental issues[200] Strategic Focus and Market Position - The company is actively exploring mergers and acquisitions to enhance its market position and expand its operational capabilities[2] - The company is focusing on expanding its renewable energy projects, particularly in desert and arid regions, as part of the new energy development strategy[2] - The company is focusing on a "photovoltaic+" strategy, integrating the "Yili Kubuqi Desert Light Hydrogen Zero Carbon Industry Base" to achieve green low-carbon transformation and high-quality development[56] - The company is leveraging its advantages in desert green electricity to create a low-carbon industrial chain ecosystem based on wind and solar energy[49] Cost Management and Operational Efficiency - The total cost for the company was approximately 14.98 billion, down from 16.87 billion year-over-year, indicating a strategic focus on cost management[141] - Operating costs decreased by 9.6% year-on-year, primarily due to a 54.96% reduction in supply chain logistics costs[112] - The supply chain logistics business saw a significant decline of 53.21% year-on-year, primarily due to the optimization of trade models[90] - The company has optimized its product structure and improved operational efficiency through significant projects in its Daqing and Kubuqi parks, including the elimination of outdated equipment and digital transformation initiatives[47]