2020-03-27 16:00Financial Performance - The net profit attributable to the parent company for 2019 was CNY 1,277,671,818.13, representing a year-on-year increase of 13.19%[5]. - The total revenue for 2019 reached CNY 32,840,000,000, reflecting a growth of 6.95% compared to the previous year[11]. - Total operating revenue for 2019 was CNY 32,840,321,080.22, an increase of 6.95% compared to 2018[21]. - Net profit attributable to shareholders for 2019 reached CNY 1,277,671,818.13, reflecting a growth of 13.19% year-over-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 1,057,975,035.54, which is a 35.24% increase from the previous year[21]. - Basic earnings per share for 2019 was CNY 0.41, up 10.81% from CNY 0.37 in 2018[22]. - The weighted average return on net assets increased to 4.40%, up by 0.5 percentage points from 2018[22]. - The company achieved a total profit of 1.579 billion yuan in 2019, representing a year-on-year growth of 23.76%[30]. - The company reported a significant increase in revenue, achieving a total of 56 billion yuan for the year 2019, marking a year-on-year growth of 15%[156]. Market Expansion and Contracts - The company signed new effective contracts worth CNY 40,184,000,000, which is a 15.03% increase year-on-year[11]. - The wind power market share increased from 3% in 2018 to 10% in 2019, with new contracts exceeding CNY 20,000,000,000[11]. - The company achieved new orders of RMB 40.184 billion in 2019, with 34% from high-efficiency clean energy equipment and 23% from renewable energy equipment[32]. - As of the end of 2019, the company had a backlog of orders amounting to RMB 83.478 billion, with 60.7% from high-efficiency clean energy equipment[32]. - The company is focused on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its competitive position[21]. Research and Development - The company’s R&D expenses increased by 11.80% to RMB 1.888 billion, reflecting its commitment to innovation[39]. - The company launched its first hydrogen energy and fuel cell production line in the western region, enhancing its position in the hydrogen energy market[33]. - The company has successfully developed the first domestic 10MW offshore direct-drive unit, marking a significant achievement in wind power technology[53]. - The company is investing 200 million RMB in research and development for new technologies aimed at improving energy efficiency[154]. - The company is investing 1 billion yuan in research and development for advanced technologies in renewable energy[156]. Cash Flow and Financial Management - The company reported a net cash flow from operating activities of CNY 202,244,625.11 for 2019, a significant recovery from a negative cash flow in 2018[21]. - Cash received from operating activities increased by 61.29% year-on-year, primarily due to increased sales of repurchased financial assets[56]. - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased by 247.18% year-on-year, mainly due to the construction of smart manufacturing digital workshops[56]. - The company’s cash flow from financing activities saw a 692.58% increase, primarily from employee purchases of restricted stock and increased investments from subsidiaries[56]. - The company is facing challenges in cash flow due to delays in project construction, prompting a focus on strengthening fund management and receivables collection[83]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 2.05 per 10 shares, totaling CNY 639,352,386.65[5]. - The company achieved a net profit attributable to shareholders of 1,277,671,818.13 CNY for 2019, with a proposed cash dividend of 2.05 CNY per 10 shares, totaling 639,352,386.65 CNY, which represents 50.04% of the net profit[84]. - The total number of ordinary shareholders at the end of the reporting period is 120,629, an increase from 115,181 at the end of the previous month[140]. - The largest shareholder, China Dongfang Electric Corporation, holds 1,727,919,826 shares, representing 55.91% of total shares[141]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring that all pollutants are within the standard limits and no environmental pollution incidents occurred during the reporting period[132]. - The company is actively engaged in targeted poverty alleviation efforts, focusing on deep poverty counties[117]. - The company invested a total of 25.77 million yuan in poverty alleviation efforts in 2019, more than double the amount invested in 2018[123]. - The company plans to construct 20 village-level photovoltaic power stations with a total capacity of 7,500 kW in poverty-stricken areas[119]. - The company helped 22,349 registered impoverished individuals to escape poverty[124]. Governance and Management - The company has established five specialized committees under the board to oversee various aspects of governance and management[180]. - The governance structure complies with relevant laws and regulations, enhancing operational transparency and accountability[170]. - The board of directors consists of 8 members, including 3 independent non-executive directors, and held 14 meetings during the reporting period[172]. - The company has disclosed its internal control self-assessment report, indicating no significant deficiencies during the reporting period[180]. - The company has a structured approach to investor relations, including shareholder meetings, performance briefings, and roadshows[194].