CECWPC(SH:601016)2021-03-09 16:00Financial Performance - The company reported a net profit of CNY 617,883,393.03 for 2020, with a cash dividend distribution of CNY 220,574,288, representing 35.70% of the net profit[6]. - The company's operating revenue for 2020 was CNY 2,667,213,251.32, representing a 7.23% increase compared to CNY 2,487,370,654.42 in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 617,883,393.03, a 5.78% increase from CNY 584,107,064.84 in 2019[23]. - The company reported a revenue of 1.2 billion CNY for the year 2020, marking a 15% increase year-over-year[17]. - The total profit reached CNY 772,088,700.00, up 3.36% compared to the previous year[70]. - The company reported a total revenue of 26.59 billion RMB, an increase of 7.25% compared to the previous year[86]. - The total electricity sales reached 654,147 MWh, with a year-on-year growth of 9.69%[86]. - The company reported a total of 150,000,000 RMB invested in the Delingha 200,000 kW wind power project, which is partially operational[91]. Operational Efficiency - The total installed capacity of the company reached 1,500 MW by the end of 2020, with a grid-connected capacity of 1,200 MW, representing a 20% increase compared to the previous year[14]. - The average utilization hours for the wind farms were reported at 1,800 hours, reflecting an improvement in operational efficiency[16]. - The wind turbine availability rate was recorded at 95%, indicating high reliability and performance of the fleet[16]. - The average utilization rate for wind power in 2020 was 97%, an increase of 1 percentage point from the previous year[55]. - The company has implemented various measures to maximize operational efficiency, including preventive maintenance and enhancing the reliability of wind turbine operations[67]. Risk Management - The company has not faced any significant risks that could affect its normal operations during the reporting period[9]. - The company has outlined potential risks in its annual report, which can be found in the section discussing future development[9]. - The company emphasizes the importance of safety management and risk control in its operations[128]. - The company faces risks related to policy changes, project approvals, and market competition in the wind power sector[130]. - The company acknowledges the impact of macroeconomic fluctuations and climate conditions on its operational performance[135]. Research and Development - Research and development efforts are focused on enhancing turbine efficiency, with a goal to increase the average turbine capacity from 2 MW to 3 MW in the next two years[17]. - The company established the "China Energy Saving Wind Power Research Institute" to enhance R&D capabilities, focusing on technologies for wind power efficiency and energy services[78]. - The company invested CNY 13,134,878.60 in R&D, accounting for 0.49% of total operating revenue[77]. - The company has committed to continuing to strengthen R&D capabilities, focusing on improving power generation efficiency and reducing operational costs[125]. Market Expansion - The company plans to expand its market presence by entering new regions, targeting an additional 500 MW of installed capacity by 2022[17]. - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and market share[17]. - The company plans to expand its project layout in the central and southern regions, with 2.53 million kilowatts of projects under construction[114]. - The company aims to accelerate its international strategy, focusing on regions with stable social conditions and strong renewable energy potential, particularly in South America, Europe, and North Africa[115]. Environmental Commitment - The company has committed to achieving carbon neutrality by 2030, aligning with national energy policies and sustainability goals[17]. - The company produced 6.541 billion kWh of green electricity, saving 2.0933 million tons of standard coal and reducing carbon dioxide emissions by 6.2798 million tons[172]. - The company emphasizes the importance of vegetation restoration and soil conservation during the construction and operation of wind power projects[176]. - The company has established emergency response plans for major environmental pollution incidents to minimize environmental risks[177]. Shareholder Information - The total number of ordinary shares increased to 4,986,672,000, representing a 20.00% increase compared to the previous year[180]. - The largest shareholder, China Energy Conservation and Environmental Protection Group, holds 2,402,526,319 shares, accounting for 48.18% of the total shares[189]. - The company issued 831,112,000 new shares at a price of 2.49 RMB per share, raising a net amount of 2,055.85 million RMB[178]. - The company distributed a cash dividend of CNY 0.51 per share for the fiscal year 2019, totaling CNY 211,933,560, which accounted for 36.28% of the net profit attributable to shareholders[143]. Financial Position - The total assets at the end of 2020 were CNY 33,084,300,229.41, a 40.73% increase from CNY 23,509,708,263.71 at the end of 2019[23]. - The company's fixed assets totaled CNY 15.39 billion, making up 46.52% of total assets, with a 7.51% increase due to the completion of several wind power projects[81]. - The total equity attributable to shareholders of the parent company was CNY 9.83 billion, representing 29.71% of total assets, a 33.68% increase due to funds received from a private placement[81]. - As of the end of 2020, the company's deposits with China Energy Conservation Financial Co., Ltd. amounted to 1,467.94 million RMB, accounting for 4.44% of the total assets[157].