CNNP(SH:601985)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was CNY 52.28 billion, an increase of 10.61% compared to CNY 47.26 billion in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 5.99 billion, representing a growth of 26.02% from CNY 4.76 billion in 2019[19]. - The net cash flow from operating activities reached CNY 31.13 billion, up 16.74% from CNY 26.67 billion in 2019[19]. - The basic earnings per share for 2020 was CNY 0.379, a 23.86% increase from CNY 0.306 in 2019[20]. - The total assets at the end of 2020 amounted to CNY 381.75 billion, reflecting a 6.65% increase from CNY 357.94 billion in 2019[19]. - The company's net assets attributable to shareholders increased by 36.02% to CNY 70.46 billion in 2020 from CNY 51.80 billion in 2019[19]. - The company achieved a total profit of 13.179 billion RMB in 2020, representing a year-on-year growth of 24.16%[75]. - The company's operating revenue for 2020 was 52.276 billion RMB, an increase of 10.61% compared to 47.261 billion RMB in the previous year[75][76]. Dividend Distribution - The profit available for distribution to ordinary shareholders as of December 31, 2020, is CNY 1,233,193.55 million, with a proposed cash dividend of CNY 1.3 per 10 shares, totaling CNY 226,928.20 million[4]. - The company declared a cash dividend of 0.13 CNY per share for the year 2020, representing 38.48% of the net profit attributable to shareholders[129]. - In 2020, the total cash dividend amounted to approximately 2.27 billion CNY, an increase from 1.90 billion CNY in 2019[129]. - The company has maintained a consistent cash dividend policy, distributing dividends for five consecutive years since its listing[128]. - There were no adjustments to the cash dividend policy during the reporting period[128]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies, urging investors to consider investment risks[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or their related parties[5]. - The company has not reported any violations of decision-making procedures regarding external guarantees[5]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report[2]. - The board of directors and senior management have confirmed the integrity of the financial report[3]. Operational Highlights - The total electricity generation for the year reached 1539.76 billion kWh, an increase of 171.75 billion kWh or 12.55% compared to the previous year, with nuclear power generation contributing 1483.36 billion kWh, up 8.90% year-on-year[82]. - The company's total power generation for 2020 was 153.976 billion kWh, an increase of 12.55% year-on-year, equivalent to reducing coal consumption by 46.838 million tons and CO2 emissions by 122.816 million tons[31]. - The installed capacity of the company's nuclear power units reached 21.391 million kW, accounting for approximately 42.88% of the national operational nuclear power units, with a total nuclear power generation of 148.336 billion kWh, up 8.9% year-on-year[32]. - The company's renewable energy installed capacity was 5.2499 million kW, with a total renewable energy generation of 5.640 billion kWh, representing a year-on-year growth of 860.98%[33]. - The company successfully completed the commercial operation of the Tianwan Unit 5 three months ahead of schedule, and the Hualong One first unit was successfully connected to the grid[45]. Investment and Growth Strategy - The company plans to balance investor returns with long-term development needs in its profit distribution strategy[4]. - The company plans to continue expanding its market presence and investing in new technologies and products[23]. - The company is focusing on a three-pronged strategy of "nuclear energy + non-nuclear clean energy + agile new industries" for future growth[75]. - The company plans to expand its nuclear power capacity, aiming for an operational capacity of 70 million kW by 2025 and 120 million kW by 2030[75]. - The company is actively exploring new industries related to nuclear energy and technology services, aiming to cultivate technology services as a new economic growth point[28]. Environmental and Social Responsibility - The company is committed to building a clean, low-carbon, safe, and efficient energy system, contributing to ecological civilization[165]. - The company has implemented effective environmental monitoring, ensuring that emissions from its nuclear power plants meet national standards, with no incidents of radioactive material exceeding limits in 2020[165]. - The company invested a total of 670 million yuan in poverty alleviation during the 13th Five-Year Plan period, sending 17 poverty alleviation personnel to assist in various provinces[43]. - The company has committed to integrating poverty alleviation with its core business operations, achieving all poverty alleviation targets in the designated areas[153]. - The company plans to continue its poverty alleviation efforts in 2021, maintaining investment levels and integrating rural revitalization into its annual assessment framework[159]. Research and Development - The company’s R&D investment increased to 2.58% of revenue, up from 1.74% in 2019, with a total research funding exceeding 700 million CNY[69]. - Research and development expenses increased by 80.13% to approximately 1.026 billion RMB, indicating a significant investment in innovation[75][76]. - The number of R&D personnel accounted for 17.20% of the total workforce, totaling 2,496 employees[90]. - The company completed preliminary planning for agile new industries after conducting research on 23 units across multiple sectors[67]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3]. - The company has not faced any major litigation or arbitration matters during the reporting period[135]. - The company has adhered to its commitment to return value to shareholders and has not faced any integrity issues during the reporting period[136]. - The company has a reasonable plan for future debt repayment, ensuring sufficient cash flow[171].