Shenergy(SH:600642)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was CNY 28,193,118,547.05, representing a year-on-year increase of 9.26% compared to CNY 25,803,788,094.68 in 2021[17]. - The net profit attributable to shareholders for 2022 was CNY 1,082,465,422.75, a decrease of 29.53% from CNY 1,536,131,938.52 in 2021[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 830,424,491.15, showing a significant increase of 578.53% compared to CNY 122,385,970.66 in 2021[17]. - The net cash flow from operating activities for 2022 was CNY 4,792,035,009.32, an increase of 49.77% from CNY 3,199,702,417.80 in 2021[17]. - Basic earnings per share decreased by 29.39% to CNY 0.221 in 2022 compared to CNY 0.313 in 2021[18]. - Diluted earnings per share also fell by 29.07% to CNY 0.222 in 2022 from CNY 0.313 in 2021[18]. - The weighted average return on equity decreased by 1.48 percentage points to 3.53% in 2022 from 5.01% in 2021[18]. - The total revenue for the year was CNY 440.32 billion, an increase of 20.56% compared to the previous year[58]. - The total electricity generation was 4,403,181.86 MWh, with a year-on-year growth of 20.56%[58]. Assets and Liabilities - The total assets at the end of 2022 were CNY 89,899,667,652.03, reflecting a slight increase of 0.41% from CNY 89,530,551,047.96 at the end of 2021[17]. - The net assets attributable to shareholders at the end of 2022 were CNY 30,859,430,043.43, a marginal increase of 0.40% from CNY 30,735,922,291.95 at the end of 2021[17]. - The total share capital at the end of 2022 was 4,909,428,286 shares, a decrease of 0.05% from 4,912,038,316 shares at the end of 2021[17]. - The total cost of electricity generation was CNY 204.89 billion, with a year-on-year increase of 35.74%[58]. - The total operating costs amounted to ¥24,728,252,825.78, with a year-on-year increase of 7.50%[43]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.60 per 10 shares, totaling CNY 785,508,525.76 based on the total share capital as of December 31, 2022[4]. - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares, totaling 785,508,525.76 RMB (including tax), which represents 72.57% of the net profit attributable to ordinary shareholders in the consolidated financial statements[116][118]. - As of December 31, 2022, the total distributable profit available for shareholders is 2,790,553,899.27 RMB after accounting for the profit distribution and cash dividends from the previous year[116]. Operational Highlights - The company has maintained a standard unqualified audit report for the financial statements for the year[3]. - The company received government subsidies amounting to CNY 132,006,966.92 in 2022, up from CNY 84,636,374.65 in 2021[22]. - The company launched new offshore wind power projects, expanding its scale in wind and solar energy sectors[30]. - The company achieved a significant increase in photovoltaic power generation, with a year-on-year growth of 121.38%[58]. - The company has established a safety management standardization system to enhance operational safety and reliability[79]. Investments and R&D - The total R&D investment for the period was CNY 18,338,426.48, accounting for 0.07% of operating revenue[48]. - The number of R&D personnel is 50, representing 2.30% of the total workforce[49]. - The company has implemented a performance-based salary distribution system to enhance employee motivation and retention[112]. - The company has established a training plan to enhance employee skills and support talent development[113]. Environmental and Social Responsibility - The company invested 85,638,000 RMB in environmental protection during the reporting period, indicating a commitment to environmental responsibility[127]. - Carbon emission intensity decreased by 3.4% compared to the previous year, reflecting the company's commitment to reducing carbon footprint[135]. - All power plants have achieved ultra-low emissions, with average concentrations of smoke, sulfur dioxide, and nitrogen oxides below national standards[129]. - The company has reported zero administrative penalties for environmental issues during the reporting period[133]. Governance and Compliance - The company has a strong governance structure with independent directors holding significant roles, ensuring oversight and accountability[93]. - The company has emphasized the importance of internal control and compliance in its operations[98]. - The company has not reported any significant deficiencies in its internal control system during the reporting period[123]. - The company has a clear governance structure with a mix of independent and non-independent directors[101]. Related Party Transactions - The company reported a related party transaction amount of RMB 1.46 billion with Shanghai Gas Co., Ltd. for pipeline transportation services during the reporting period[148]. - The company recorded a related party transaction amount of RMB 296 million with Shanghai Gas Co., Ltd. for the sale of natural gas during the reporting period[150]. - The company reported a related party transaction amount of RMB 2.91 billion with Shanghai Gas Co., Ltd. for purchasing natural gas during the reporting period[151]. Future Outlook - Future expansion plans include increasing renewable energy capacity, particularly in solar and wind sectors, to meet growing demand[55]. - The company plans to continue expanding its market presence and investing in new energy technologies to enhance its competitive edge[67]. - The company aims to enhance operational performance by actively participating in the electricity auxiliary market and optimizing fuel costs[80].