BJP(SH:600578)2022-04-25 16:00Financial Performance - In 2021, Jingneng Power reported a significant loss, leading to a decision not to distribute cash dividends to ensure operational and transformation funding needs[4]. - The company's operating revenue for 2021 was approximately ¥22.24 billion, representing a 10.65% increase compared to ¥20.10 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately -¥3.11 billion, a decrease of 322.8% from a profit of ¥1.40 billion in 2020[17]. - The net cash flow from operating activities for 2021 was approximately ¥623.21 million, down 87.5% from ¥4.99 billion in 2020[17]. - The total assets at the end of 2021 were approximately ¥82.63 billion, an increase of 2.18% from ¥80.87 billion at the end of 2020[17]. - The net assets attributable to shareholders decreased by 15.68% to approximately ¥21.60 billion at the end of 2021 from ¥25.61 billion at the end of 2020[17]. - The basic earnings per share for 2021 was -¥0.47, a decline of 335% compared to ¥0.20 in 2020[18]. - The weighted average return on equity for 2021 was -14.30%, a decrease of 20.01 percentage points from 5.71% in 2020[18]. - The company reported a quarterly revenue of approximately ¥6.95 billion in Q4 2021, which was the highest among the four quarters[20]. - The company's operating revenue reached 22.237 billion yuan, a year-on-year increase of 10.65%, while the net profit attributable to shareholders was -3.111 billion yuan, a decline of 322.8% compared to the previous year[25]. Audit and Compliance - The company received a standard unqualified audit report from Zhongzheng Zhonghuan Accounting Firm, ensuring the authenticity and completeness of the financial report[3]. - The board of directors confirmed that there were no non-operational fund occupations by controlling shareholders or related parties[4]. - The management team, including the legal representative and accounting heads, has confirmed the accuracy and completeness of the annual report[3]. - The company is committed to ensuring the accuracy of its financial reporting and has established a three-year shareholder return plan[4]. - The company has established a complete industrial chain involving coal production, power generation, heating, and electricity sales, enhancing its ability to resist market risks[47]. Strategic Planning and Market Position - The company anticipates a substantial funding gap in 2022 due to rising asset-liability ratios and will implement effective measures to mitigate risks from national industry policies and coal market supply changes[5]. - The company is focused on strategic responses to potential impacts from environmental policy changes and coal market fluctuations in 2022[5]. - The company’s future development strategy and operational plans are subject to risks, and investors are advised to pay attention to regular reports and announcements[5]. - The company has not disclosed any plans for mergers or acquisitions in the current report[4]. - The company is focusing on expanding its market presence in the Beijing-Tianjin-Hebei region and developing integrated energy projects to enhance its industry position[30]. Environmental and Sustainability Efforts - The company reported a total of 5,000 shares sold by a former director, indicating a personal reduction in holdings[92]. - The company emphasized carbon reduction through management and technology, focusing on carbon emission accounting and energy-saving technologies[146]. - The company has established a three-tier environmental management system to enhance the efficiency of its environmental protection operations[145]. - The company has committed to strengthening environmental risk management and compliance, with quarterly assessments for entities facing environmental penalties[143]. - The company reported no environmental pollution incidents throughout 2021, maintaining a strong commitment to environmental protection[136]. Employee and Governance - The company has a total of 5,402 employees, with 94 in the parent company and 5,308 in major subsidiaries[113]. - Employee training expenditure in 2021 amounted to 4.9831 million yuan, with 3,315 training activities conducted, achieving full coverage[116]. - The company has implemented an equity incentive mechanism to motivate employees and enhance value creation[115]. - The company completed the restructuring of its board of directors on June 23, 2021, following a delay in the nomination process[134]. - The company has established a governance structure that ensures clear responsibilities and effective operation among its decision-making and supervisory bodies[86]. Related Party Transactions - The company committed to fully and effectively implementing its obligations regarding related party transactions, ensuring no harm to the rights of shareholders[155]. - After the major asset restructuring, the company aims to minimize related party transactions with Jingneng Power, adhering to fair pricing principles[156]. - The company guarantees the independence of Jingneng Power's financial management, ensuring it has its own financial accounting system and decision-making capabilities[158]. - The company will not require Jingneng Power or its subsidiaries to provide any form of guarantee without shareholder approval[158]. - The company will maintain the independence of Jingneng Power's personnel and ensure no overlap in management roles with its other controlled enterprises[158]. Financial Management and Investments - The company has a total guarantee amount of ¥113,010,000.00 that occurred during the reporting period, excluding guarantees to subsidiaries[186]. - The company has engaged in various leasing agreements for machinery and vehicles, with significant amounts including ¥8,965,573.57 for machinery equipment and ¥6,900.00 for vehicles[182][184]. - The company has ongoing leasing agreements with various entities, with amounts such as ¥132,743.36 for machinery equipment and ¥20,297.03 for vehicles[182][185]. - The company has a total of ¥100,000,000.00 in guarantees related to machinery equipment, with a maturity date of April 25, 2026[186]. - The company has provided guarantees to related parties, indicating a close relationship with its subsidiaries and stakeholders[186].