2022-03-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 322,318,565 thousand, representing a 19.23% increase from CNY 270,327,662 thousand in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 6,504,102 thousand, a significant increase of 39.26% compared to CNY 4,670,576 thousand in 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 5,071,829 thousand, up 37.69% from CNY 3,683,494 thousand in 2020[21]. - The company's cash flow from operating activities for 2021 was CNY 8,844,178 thousand, reflecting a 36.27% increase from CNY 6,490,100 thousand in 2020[21]. - Basic earnings per share for 2021 were CNY 0.19, an increase of 26.67% from CNY 0.15 in 2020[22]. - The weighted average return on equity for 2021 was 8.55%, up from 7.90% in 2020, indicating improved profitability[22]. - The total assets at the end of 2021 were CNY 528,862,588 thousand, an increase of 11.09% from CNY 476,051,912 thousand at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 94,198,680 thousand, a 37.68% increase from CNY 68,416,918 thousand at the end of 2020[21]. - The company reported a total of CNY 919,302 thousand in non-recurring gains for 2021, compared to CNY 1,589,114 thousand in 2020[25]. - The cash flow from operating activities in Q4 2021 was CNY 19,709,049 thousand, indicating strong performance in the last quarter[24]. Strategic Vision and Goals - The company aims to become a world-class energy integrated solution provider and has set a strategic vision to lead in energy revolution and high-quality development[15]. - The company plans to prioritize the development of new energy as its core business and profit center, focusing on strategic market development in regions such as Xiong'an New Area and the Guangdong-Hong Kong-Macao Greater Bay Area[30]. - The company plans to sign new contracts worth RMB 899.5 billion and expects revenue of RMB 342.2 billion for 2022[108]. - The company has set a strategic vision to become a world-class enterprise with global competitiveness by 2035, focusing on energy, transportation, and digital integration[107]. - The company plans to leverage the "30•60" system solution to integrate green, digital, and shared economies into its business strategy[107]. Research and Development - The company has established 3 academician expert workstations and 11 postdoctoral research stations to enhance its research capabilities[15]. - The company achieved a significant increase in research and development expenses, rising to RMB 8.79 billion, a 29.55% increase, indicating a focus on innovation[54]. - The company has made significant advancements in various technology fields, securing 1,893 patents, including 210 invention patents[68]. Corporate Governance - The company has established a robust internal governance structure, ensuring that the board of directors and management operate independently and efficiently[111]. - The board of directors is responsible for convening shareholder meetings, executing resolutions, and determining the company's operational plans and investment proposals[113]. - The company has implemented internal control measures to comply with relevant laws and regulations following its dual listing in A+H markets[111]. - The company emphasizes the importance of transparency and accountability in its reporting to shareholders and stakeholders[113]. - The company has strengthened its corporate governance framework by improving its articles of association and operational rules[111]. Environmental and Social Responsibility - The company actively engaged in environmental protection and energy conservation management, with no environmental responsibility incidents reported during the year[172]. - The company has committed RMB 3.4 million to improve rural living environments, including the construction of water supply systems and sewage treatment facilities[183]. - The company has integrated social responsibility into its operations, receiving recognition for its 2020 social responsibility report from the Ministry of Industry and Information Technology[182]. - The Baihetan Hydropower Station, in which the company participates, is expected to generate an average annual output of 62.443 billion kWh, saving approximately 25 million tons of standard coal and reducing carbon dioxide emissions by about 65 million tons annually[181]. Market Expansion and Contracts - The company achieved a new high in new contract signing, totaling RMB 872.61 billion, a year-on-year increase of 51%[31]. - The domestic new contract signing reached RMB 655.46 billion, a year-on-year increase of 64.2%[31]. - The overseas new contract signing was RMB 217.15 billion, showing a year-on-year growth of 21.6%[32]. - The company signed new contracts worth RMB 800.89 billion in engineering construction, representing a year-on-year increase of 45.7%[44]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5]. - The company will focus on risk prevention and control, targeting key areas and personnel to ensure no major risks occur[30]. - The company recognizes the increasing competition in the new energy sector and is focused on enhancing its competitive advantages[109]. - The company aims to enhance its financial management and cash flow monitoring to mitigate risks associated with cash flow and debt repayment[109]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.225 per 10 shares, totaling RMB 938 million, subject to shareholder approval[4]. - The proposed cash dividend distribution is RMB 938,051,181.81, which accounts for 15.28% of the net profit attributable to shareholders for the year[157]. - The company's board of directors recommends a cash dividend of RMB 2.25 per share, pending approval at the annual shareholders' meeting[157]. Audit and Compliance - The company reported a standard unqualified audit opinion from KPMG Huazhen[3]. - The financial report is signed and sealed by the legal representative and accounting heads, ensuring its authenticity[9]. - The company has confirmed compliance with related party transaction regulations under both Hong Kong and Shanghai Stock Exchange rules[199]. - The internal control audit report issued by the accounting firm was a standard unqualified opinion, confirming the effectiveness of the internal control system[164].