NMHD(SH:600863)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 reached ¥23,065,583,790.67, an increase of 21.39% compared to ¥19,001,287,411.44 in 2021[19]. - Net profit attributable to shareholders was ¥1,762,007,022.03, representing a significant increase of 255.88% from ¥495,108,098.48 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥1,742,184,589.62, up 281.97% from ¥456,111,016.81 in 2021[19]. - The net cash flow from operating activities was ¥5,154,268,548.73, a 64.11% increase from ¥3,140,810,711.02 in 2021[19]. - Basic earnings per share for 2022 were ¥0.25, a 316.67% increase compared to ¥0.06 in 2021[20]. - The weighted average return on net assets rose to 11.83%, an increase of 8.82 percentage points from 3.01% in 2021[20]. - Total assets at the end of 2022 were ¥40,154,240,488.21, a decrease of 3.36% from ¥41,551,008,863.98 in 2021[19]. - The net assets attributable to shareholders increased by 7.39% to ¥17,393,859,210.61 from ¥16,197,398,357.00 in 2021[19]. Dividend Distribution - The company plans to distribute a cash dividend of 1.64 RMB per 10 shares, totaling approximately 1,070,409,601 RMB based on the total share capital of 6,526,887,811 shares as of December 31, 2022[4]. - The company implemented a cash dividend policy, distributing a total cash dividend of 652,688,781.10 RMB, which represents 144.32% of the net profit attributable to ordinary shareholders in the consolidated financial statements[144][145]. - The company plans to distribute at least 70% of the distributable profit in cash each year from 2022 to 2024, with a minimum dividend of 0.1 RMB per share[142]. Operational Efficiency - The company achieved a total power generation of 61.071 billion kWh in 2022, representing a year-on-year increase of 6.44%[29]. - The coal production reached 8.7198 million tons, up 22.75% year-on-year, with a significant increase in supply from the company's power plants[29]. - The average selling price of electricity was 366.81 RMB per thousand kWh, an increase of 18.71% year-on-year[30]. - The company reduced financial expenses by 148.8009 million RMB, a decrease of 20.23% year-on-year[31]. - The company secured a special credit line of 2.46 billion RMB for energy supply assurance[31]. - The company achieved a 100% coverage rate for long-term coal procurement contracts, with over 50% of coal sourced via rail transport[31]. Research and Development - A total of 407 patents were granted, including 16 domestic invention patents and 17 international patents[31]. - Research and development expenses increased by 102.38% year-on-year, reflecting the company's commitment to innovation[46]. - The total R&D expenditure was 14.38 million yuan, accounting for 0.062% of operating revenue, with no capitalized R&D expenditures[64]. - The company has 315 R&D personnel, representing 5.25% of the total workforce[65]. Environmental Performance - The company achieved a 100% operational rate for dust removal facilities, with a dust removal efficiency of 99.95%[157]. - The company reported a 5.41% reduction in carbon emission intensity compared to 2021[164]. - The company invested CNY 14.3754 million in R&D for environmental protection and pollution prevention technologies[163]. - The company has successfully implemented ultra-low emissions for coal-fired units, maintaining compliance with national environmental standards[163]. - The company has made significant progress in green mining initiatives, with one of its coal mines listed as a national green mine[163]. Governance and Compliance - The company has established a robust governance structure, holding multiple shareholder and board meetings to ensure compliance and effective decision-making[106]. - The company has maintained a high standard of information disclosure, achieving an A-level rating from the Shanghai Stock Exchange for six consecutive years[106]. - The company received a standard unqualified internal control audit report, with no significant deficiencies found in financial reporting controls[108]. - The company is committed to ensuring the independence of its listed operations, including independent assets, personnel, and financial systems[173]. Market Outlook - The national electricity consumption is expected to reach 9.15 trillion kWh in 2023, a year-on-year increase of 6%[95]. - The forecast for new power generation capacity in 2023 is approximately 250 million kW, with non-fossil energy accounting for 180 million kW[95]. - The company anticipates improved operating conditions for coal-fired power generation enterprises due to the implementation of market-oriented pricing reforms and expected coal price adjustments[95]. - The competition in the electricity market is expected to intensify with the increase in renewable energy projects, leading to potential price declines for wind and solar power[95]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period, with a focus on addressing risks related to electricity, coal, and environmental protection in 2023[6]. - The company faces significant risks from the electricity market due to the push for a new energy system, which may lead to a decline in thermal power generation[101]. - The carbon market poses risks with tightened emission quotas and potential increases in carbon trading costs, which could affect the company's compliance expenses[103]. Employee Management - The total number of employees in the parent company is 1,768, and the total number of employees in major subsidiaries is 4,229, resulting in a combined total of 5,997 employees[137]. - The average number of employees during the reporting period was 6,080[138]. - The company emphasizes performance-based compensation, linking salaries to performance evaluations to attract and retain key talent[138]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 3.7064 million yuan[123].