GDEP(SH:600310)2023-04-20 16:00Financial Performance - The net profit attributable to the listed company for 2022 was -223,021,349.12 yuan, indicating a loss for the year [6]. - The company's operating revenue for 2022 was approximately ¥17.43 billion, representing a year-over-year increase of 1.73% compared to ¥17.14 billion in 2021 [23]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥223 million, a decrease of 386.24% compared to a profit of ¥78 million in 2021 [23]. - The basic earnings per share for 2022 was -¥0.1522, a decrease of 311.39% from ¥0.0720 in 2021 [24]. - The weighted average return on equity decreased to -7.15% in 2022 from 3.18% in 2021, a decline of 10.33 percentage points [24]. - The company reported a net profit of CNY -150.68 million, a decrease of 252.99% compared to the previous year [47]. - The company reported a decrease in the gross profit margin for the overall business by 0.63 percentage points compared to the previous year [57]. - The gross profit margin decreased to 2.97% in 2022 from 7.09% in 2021, a decline of 4.12 percentage points [64]. - The net profit for 2022 was -34.12 million RMB, a decrease of 109.83% compared to a profit of 347.07 million RMB in 2021 [64]. - The operating gross profit decreased by 58.81% to 39.32 million RMB in 2022 from 95.47 million RMB in 2021 [64]. Cash Flow and Investments - The cash flow from operating activities for 2022 was approximately ¥1.29 billion, an increase of 23.21% compared to ¥1.05 billion in 2021 [23]. - The net cash flow from investing activities was 99,061,667.72 yuan, a substantial improvement of 107.46% compared to -1,327,713,125.66 yuan in the previous year [72]. - The company’s investment activities generated a net cash flow of CNY 99.06 million, a turnaround from a negative cash flow of CNY -1,327.71 million in the previous year [52]. - The company reported a receivable transfer of 151.83 million yuan in electricity fees to Zhengrun Group [162]. Operational Highlights - The company’s hydropower plants generated a total of 6.691 billion kWh in 2022, representing a year-on-year increase of 14.78% [34]. - The Guangxi Energy Zhaoping Hydropower Plant, with a 93% stake, achieved a generation of 315 million kWh, up 19.60% year-on-year [33]. - The company completed the construction of the Hezhou coal-fired power project, generating 2.799 billion kWh, a 17.20% increase compared to the previous year [34]. - The total installed power generation capacity reached 157.76 MW, with hydropower accounting for 85.76 MW and thermal power for 70 MW [43]. - The company’s average annual hydropower generation is approximately 4.2 billion kWh, while thermal power generation is about 3.5 billion kWh [43]. Risk Management and Compliance - The company has received an unqualified audit report with emphasis on matters related to going concern uncertainties [5]. - The report includes a detailed description of potential risks facing the company in the future [9]. - The company has established a compliance management framework to enhance internal control and risk management practices [183]. - The company has not reported any significant discrepancies in governance compared to legal regulations, maintaining compliance [146]. Governance and Management - The company has maintained a consistent governance structure without the need for rectification during the reporting period [146]. - The total pre-tax remuneration for the chairman was 667,800 yuan, reflecting the company's compensation structure [150]. - The company is committed to enhancing its governance quality in accordance with relevant laws and regulations [146]. - The management team includes experienced professionals with extensive backgrounds in engineering and finance, contributing to strategic decision-making [154]. Environmental and Social Responsibility - The company invested ¥463.92 million in environmental protection during the reporting period [189]. - The company reduced carbon dioxide equivalent emissions by 104,603 tons through energy-saving measures [200]. - The company has established a fish breeding and release station, contributing to the release of approximately 6.5 million fish, enhancing the aquatic ecosystem [199]. - The company has implemented a real-time online monitoring system for emissions, ensuring compliance with environmental regulations [196]. Future Outlook and Strategic Plans - The company plans to enhance its project development by focusing on renewable energy sources such as wind and solar power, with ongoing preparations for distributed photovoltaic projects [35]. - Planned electricity generation for 2023 is 7.444 billion kWh, with 4.202 billion kWh from hydroelectric plants and 3.220 billion kWh from thermal power plants [137]. - The company plans to invest 50 million in research and development to innovate and enhance its service offerings [154]. - The company aims to improve its asset quality and operational efficiency while promoting high-quality development in the capital market [133].