金开新能(600821) - 2021 Q4 - 年度财报

Financial Performance - The company achieved a consolidated net profit attributable to shareholders of 406.1613 million yuan for the year 2021[4]. - The company's operating revenue for 2021 was CNY 1,907,925,492.47, representing a 40.61% increase compared to CNY 1,356,861,473.08 in 2020[22]. - The net profit attributable to shareholders in 2021 was CNY 406,161,268.83, a significant increase of 620.56% from CNY 56,367,302.95 in 2020[22]. - The net cash flow from operating activities for 2021 was CNY 875,804,051.98, reflecting a 15.25% increase from CNY 759,936,344.13 in 2020[22]. - The basic earnings per share for 2021 was CNY 0.29, up 314.29% from CNY 0.07 in 2020[25]. - The total assets at the end of 2021 amounted to CNY 25,195,951,963.83, a 75.93% increase from CNY 14,321,756,533.84 at the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were CNY 4,888,909,599.72, which is a 54.73% increase from CNY 3,159,713,133.93 at the end of 2020[22]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 364,031,431.53 in 2021 compared to a loss of CNY 17,579,623.49 in 2020[22]. - The company achieved a total profit of 473 million RMB in 2021, compared to 236 million RMB in the previous year, marking a significant increase[43]. - The company's total revenue for the reporting period was 18.78 billion RMB, up from 13.48 billion RMB in the previous year, marking a 39.32% increase[75]. Profit Distribution - As of the end of 2021, the company's undistributed profits amounted to -766.1271 million yuan, leading to no profit distribution or capital reserve transfer to share capital for the year[4]. - The company’s board of directors has approved the profit distribution plan, which is subject to shareholder meeting approval[4]. - The company’s profit distribution policy states that cash dividends will be distributed if the audited distributable profit is positive and meets legal requirements, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash within three years[184]. - The company can adopt cash, stock, or a combination of both for profit distribution, prioritizing cash dividends when conditions are met[184]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits, and it is required to disclose the reasons and intended use of undistributed profits[186]. - The company maintains a continuous and stable profit distribution policy, balancing shareholder returns with long-term interests and sustainable development[184]. Operational Highlights - The company completed 830 MW of self-developed wind and solar projects, accounting for one-third of the annual new capacity, primarily in regions with tight power supply[38]. - The company’s approved installed capacity reached 4,775 MW as of December 31, 2021, representing a year-on-year increase of 129%, with grid-connected capacity at 3,122 MW, up 63%[33]. - The total electricity generation for the reporting period was 3.759 billion kWh, reflecting a year-on-year growth of 64.75%[38]. - The company recorded non-recurring gains of CNY 42,129,837.30 in 2021, compared to CNY 73,946,926.44 in 2020[29]. - The company has established new subsidiaries in Central and South China to optimize regional layout and enhance project development capabilities[42]. Technology and Innovation - The company has made significant advancements in technology, including the application of fiber optic temperature measurement technology and intelligent diagnosis of photovoltaic components, which received provincial and ministerial innovation awards[38]. - The company invested in the National Energy Investment Group's hydrogen energy technology development company, aiming to achieve full material-level autonomy in six key fuel cell technologies[38]. - The company is focusing on enhancing its technology and product offerings to improve efficiency and reduce costs in photovoltaic power generation[92]. - The company is actively pursuing digital transformation, aiming to improve operational efficiency and financial management through advanced technologies[41]. - The company is committed to continuous employee training and development, establishing a comprehensive talent cultivation system[181]. Risk Management - The company has identified risks related to financial markets, including potential impacts from international commodity price fluctuations and U.S. debt risks, which could affect overall financing costs[129]. - The company is facing risks from the electricity market as it enters a parity era, with increasing market trading volumes and potential price reductions impacting profitability[129]. - The company is exposed to risks from changes in supportive policies for renewable energy, which could affect its operational performance and profitability[129]. - The company has implemented a comprehensive risk management system to address climate-related risks, including assessments of extreme weather impacts on operations[195]. Governance and Compliance - The company maintains an independent business and operational capability, with clear ownership and asset independence from the controlling shareholder[136]. - The company has established an independent personnel management system, ensuring that all senior management personnel work solely for the company and receive their compensation from it[136]. - The company has a robust governance structure in place, complying with national laws and regulations regarding corporate governance[136]. - The company has conducted multiple shareholder meetings throughout the year, ensuring transparency and active participation from shareholders[141]. - The company has established rules for shareholder meetings to protect the rights of all shareholders, particularly minority shareholders[136]. Environmental Responsibility - The company is committed to sustainable development and reducing carbon emissions, actively engaging in technology innovation to enhance the competitiveness of its renewable energy products[195]. - The company has not engaged in any business that competes with its controlling shareholder, maintaining a clear separation of interests[137]. - The company adheres to multiple environmental protection laws and regulations, minimizing environmental impact during operations[199]. - The company promotes green office practices and energy conservation, enhancing resource utilization efficiency[200]. - The company conducts training on ESG and carbon emissions, increasing employee awareness of environmental issues[200].