Datang Power(SH:601991)2021-03-26 16:00Financial Performance - Total operating revenue for 2020 was RMB 95,614,422 thousand, a slight increase of 0.17% compared to RMB 95,453,055 thousand in 2019[16]. - Net profit attributable to shareholders of the listed company reached RMB 3,040,243 thousand, representing a significant increase of 185.25% from RMB 1,065,806 thousand in 2019[16]. - The net profit after deducting non-recurring gains and losses was RMB 3,633,613 thousand, up 58.09% from RMB 2,298,384 thousand in the previous year[16]. - The net cash flow from operating activities was RMB 26,753,718 thousand, an increase of 23.46% compared to RMB 21,669,762 thousand in 2019[16]. - The total assets at the end of 2020 were RMB 280,333,508 thousand, a decrease of 0.63% from RMB 282,120,328 thousand at the end of 2019[16]. - The net assets attributable to shareholders of the listed company increased to RMB 73,024,030 thousand, a growth of 12.67% from RMB 64,815,130 thousand in 2019[16]. - Basic earnings per share for 2020 were RMB 0.1017, a substantial increase of 300.39% from RMB 0.0254 in 2019[17]. - The weighted average return on net assets was 4.50%, an increase of 3.42 percentage points from 1.08% in 2019[18]. - The company reported a total revenue of 100 billion RMB for the fiscal year 2020, representing a year-over-year increase of 15%[144]. - The company reported a total guarantee amount of RMB 6,329,122 thousand, representing 6.93% of the company's net assets[94]. Operational Highlights - The company achieved a total power generation of approximately 272.63 billion kWh in 2020, representing a year-on-year increase of about 2.77%[30]. - The company completed the commissioning of new generating units with a total capacity of 4,705.50 MW, including 2,400 MW from thermal power, 1,361.50 MW from wind power, and 944 MW from solar power[29]. - The total installed capacity of non-fossil energy power generation reached 980 million kW, accounting for 44.8% of the total installed capacity, an increase of 2.8 percentage points year-on-year[26]. - The average utilization hours of power generation equipment in 2020 was 3,758 hours, a decrease of 70 hours compared to the previous year[26]. - The company achieved a coal consumption rate of 293.17 grams/kWh, a reduction of 3.06 grams/kWh compared to 2019, demonstrating ongoing efforts in energy efficiency[29]. Dividend and Shareholder Information - The company approved a cash dividend distribution of RMB 1,684,111 thousand for the year 2020[4]. - In 2020, the company distributed cash dividends amounting to RMB 1,684,111 thousand, representing 55.39% of the net profit attributable to ordinary shareholders[70]. - The total number of ordinary shareholders at the end of the reporting period is 184,650, an increase from 180,315 at the end of the previous month[119]. - The largest shareholder, China Datang Group Co., Ltd., holds 6,540,706,520 shares, representing 35.34% of the total shares[120]. Environmental and Social Responsibility - The company has reported that all its thermal power enterprises comply with environmental regulations and operate under valid pollution discharge permits[110]. - The company has initiated 15 poverty alleviation projects with a total investment of RMB 538.49 million[104]. - The company has committed RMB 30 million to improve healthcare resources in impoverished areas[105]. - The company has invested RMB 2,806.47 million in poverty alleviation efforts, helping 371 registered impoverished individuals to escape poverty[103]. Strategic Goals and Future Outlook - The company aims to achieve high-quality development and a green low-carbon transition as part of its strategic goals[64]. - The company anticipates continued growth in national electricity consumption in 2021, driven by economic recovery and low base effects from the previous year[63]. - The company plans to enhance customer engagement and expand its service offerings to improve profitability in the electricity sales business[55]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its portfolio[135]. Risk Management and Governance - There were no significant risks that materially affected the company's operations during the reporting period[6]. - The company has not faced any risks of suspension from listing during the reporting period[78]. - The company has not encountered any issues related to the completion of performance commitments or goodwill impairment testing[75]. - The company is committed to enhancing corporate governance and risk control mechanisms to boost investor confidence[66].