2022-04-15 16:00Financial Performance - In 2021, Dongfang Electric achieved a total operating revenue of 47.819 billion yuan, representing a year-on-year increase of 28.26%[9]. - The net profit attributable to the parent company was 2.289 billion yuan, with a net profit of 1.141 billion yuan for the parent company, marking a significant growth[4]. - The company reported a total profit of 2.667 billion yuan, reflecting a year-on-year growth of 29.02%[9]. - The total revenue for 2021 was approximately ¥47.82 billion, representing a 28.26% increase from ¥37.28 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥2.29 billion, a growth of 22.93% compared to ¥1.86 billion in 2020[19]. - The basic earnings per share for 2021 increased by 21.67% to ¥0.73 from ¥0.60 in 2020[18]. - The company achieved total operating revenue of 47.819 billion RMB in 2021, a year-on-year increase of 28.26%, and a net profit attributable to shareholders of 2.289 billion RMB, up 22.93% year-on-year[26]. - The company reported a net profit of approximately ¥637 million in Q1 2021, with a total revenue of approximately ¥10.62 billion for the same quarter[21]. - The company’s net assets attributable to shareholders increased by 5.14% to approximately ¥32.50 billion at the end of 2021[17]. - The diluted earnings per share for 2021 also stood at ¥0.73, reflecting the same growth rate as the basic earnings per share[18]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 2.3 yuan per 10 shares, totaling 717.37 million yuan[4]. - The company has implemented a cash dividend policy, distributing at least 30% of the average distributable profit over the last three years when the net profit is positive[122]. - The company reported a net profit attributable to shareholders of 2,289,036,817.45 yuan for the year 2021, with a proposed cash dividend of 2.3 yuan per 10 shares, totaling 717,370,259.90 yuan[122]. Research and Development - R&D expenditure reached 2.722 billion RMB, constituting 5.82% of total revenue, with significant achievements in core technology and multiple awards received[28]. - Research and development expenses amounted to 2.72 billion RMB, representing 5.82% of total revenue in 2021[37]. - The number of R&D personnel was 4,122, representing 24.29% of the total workforce[66]. - The company is investing 500 million yuan in R&D for new technologies, focusing on sustainable energy solutions[101]. - The company is investing heavily in R&D, allocating 5% of total revenue to innovation and technology advancements[103]. Market Expansion and Strategy - New orders amounted to 56.392 billion RMB, representing a 14.15% increase year-on-year, with clean and efficient energy equipment accounting for 25.81% and renewable energy equipment for 29.40% of the new orders[27]. - The wind power sector's revenue share increased to 26.4%, while coal power's revenue share fell below 20%, indicating a strategic shift towards renewable energy[29]. - The company operates in 35 countries with 55 overseas marketing institutions, demonstrating strong international market expansion capabilities[41]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish three new operational facilities by the end of 2023[103]. - A strategic acquisition of a local competitor is in progress, which is projected to increase market share by 10%[103]. Risk Management and Compliance - The company emphasized the importance of risk management and compliance, enhancing its internal control systems[9]. - The company maintained zero major risk events and quality issues throughout the year, ranking first in reliability among domestic thermal power units[32]. - The company is focused on enhancing risk management capabilities, particularly in environmental protection and quality management[89]. - The company has implemented a strict internal control system, establishing 24 new or revised regulations to enhance risk management and compliance[127]. - The company has emphasized the integration of risk control with strategic goals, focusing on major risk prevention[117]. Corporate Governance - The company has established a robust governance structure, adhering to relevant laws and regulations, ensuring effective checks and balances among its board, supervisory board, and management[93]. - The board consists of 6 members, including 3 independent non-executive directors, and has held 11 meetings during the reporting period[94]. - The company has a structured approach to governance, ensuring that the relationships with the controlling shareholder are managed properly[107]. - The company emphasizes the importance of maintaining a robust corporate governance mechanism to protect shareholder interests and enhance corporate value[131]. - The company has established several specialized committees, including the Audit and Review Committee and the Strategic Development Committee, to enhance governance[112]. Environmental Commitment - The proportion of "zero-carbon" power generation equipment in the manufacturing sector exceeded 60%[9]. - The company has implemented a carbon management survey to support the green transformation of its power equipment products[157]. - The company is committed to accelerating the development of renewable energy industries, including hydropower, wind power, and nuclear power[157]. - The company has not faced any significant environmental violations or penalties during the reporting period[155]. - The company has developed a green workshop evaluation standard to promote sustainable practices within its operations[157]. Social Responsibility - The company invested 26.5 million yuan in targeted poverty alleviation efforts in 2021, including 50,400 yuan in additional funding and the transfer of 60 jobs[159]. - The company contributed to the construction of a medical rescue vehicle for Rantang County to enhance local healthcare capabilities[160]. - The company has established a special scholarship fund of 100,000 RMB to support 100 outstanding impoverished students, providing each with 1,000 RMB annually[162]. - The company has helped establish a children's theme park in Jichang Town, expected to generate over 500,000 yuan annually for the village collective[161]. - The company supported the establishment of a poverty prevention fund in Zhaojue County to monitor and prevent potential poverty risks[160]. Financial Management - The company’s total assets at the end of 2021 were approximately ¥103.10 billion, a 5.43% increase from ¥97.80 billion at the end of 2020[17]. - The company’s cash and cash equivalents decreased by 29.84% year-on-year, totaling ¥18.72 billion at year-end, primarily due to normal operational activities of the financial company managing centralized funds[70]. - The company has a maximum daily deposit limit of 10,000,000,000.00 RMB across various entities[187]. - The total amount of credit business was 200,000.00 million RMB, with actual occurrences amounting to 14.40 million RMB[190]. - The company has no major litigation or arbitration matters during the reporting period[176].