JSNE(SH:603693)2022-04-06 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,856,720,177.13, representing a year-on-year increase of 20.04% compared to ¥1,546,722,242.92 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥306,799,683.98, a significant increase of 99.59% from ¥153,717,843.88 in 2020[26]. - The net cash flow from operating activities for 2021 was ¥762,914,483.20, showing a decrease of 5.91% compared to ¥810,795,432.63 in 2020[26]. - The total assets at the end of 2021 reached ¥15,804,483,650.40, which is a 40.93% increase from ¥11,214,134,348.09 at the end of 2020[26]. - The company's net assets attributable to shareholders increased by 21.69% to ¥5,662,143,926.64 at the end of 2021, up from ¥4,652,752,509.11 at the end of 2020[26]. - The basic earnings per share for 2021 was ¥0.49, reflecting a 96.00% increase from ¥0.25 in 2020[26]. - The company reported total operating revenue of 1.857 billion yuan, a year-on-year growth of 20.04%, and a net profit attributable to shareholders of 307 million yuan, up 99.59%[40]. - The company’s total electricity generation increased by 21.73% to 320,865 MWh, with wind power generation rising by 51.61% to 262,863 MWh[112]. - The company reported a total revenue of 1.2 billion yuan for the fiscal year, representing a year-over-year increase of 15%[194]. Dividend and Capital Plans - The company plans to distribute a cash dividend of 1 RMB per 10 shares and to increase capital by 3 shares for every 10 shares held, pending shareholder approval[7]. - The board approved a dividend payout of 0.5 yuan per share, reflecting a commitment to returning value to shareholders[194]. Audit and Governance - The company reported a standard unqualified audit opinion from Suya Jin Cheng Accounting Firm[6]. - The board of directors confirmed that all members attended the meeting, ensuring the accuracy and completeness of the annual report[5]. - The company is focused on enhancing governance with the election of independent directors and supervisors[195]. - The management changes are part of a broader strategy to strengthen leadership and operational efficiency[195]. Operational Strategy and Development - The company emphasizes the importance of renewable energy sources, including wind, solar, and biomass energy, in its operational strategy[18]. - The company has outlined its future development strategies and potential risks in the management discussion section of the report[10]. - The company is committed to achieving a non-fossil energy consumption ratio of around 20% by 2025 and 25% by 2030, in line with national carbon neutrality goals[142]. - The company plans to accelerate the development of new wind and solar projects during the 14th Five-Year Plan period, further reducing the influence of biomass power generation[155]. Renewable Energy Projects - The company achieved a total installed capacity of 1.55 million kW, with the first offshore wind power project fully connected to the grid[37]. - Wind power generation reached 2.629 billion kWh, a year-on-year increase of 51.61%, with a gross profit margin of 67.12%, up 7.64 percentage points from the previous year[38][39]. - The company’s renewable energy projects include wind, biomass, and solar power, with a focus on project development, construction, and operation[65]. - The company is exploring new energy development opportunities in offshore wind, solar thermal, geothermal, and marine energy sectors[142]. Risks and Challenges - There were no significant risks identified that could materially affect the company's operational development during the reporting period[10]. - The company faces risks related to delayed renewable energy price subsidies, which could negatively impact cash flow if not resolved[151]. - The company acknowledges the risk of declining revenues from biomass projects as they approach the end of their subsidy eligibility, planning strategic shutdowns to optimize asset allocation[155]. Research and Development - The company’s research and development expenses increased by 335.82% to 2.25 million yuan, reflecting a focus on new project development[73]. - The company plans to invest 100 million RMB in research and development for innovative energy solutions[180]. - The company is investing RMB 50 million in R&D for new technologies in energy efficiency and storage solutions[183]. Market Position and Customer Engagement - The total revenue from the top five customers amounted to 182,561.12 million RMB, accounting for 98.33% of the annual total sales[89]. - User data shows a 20% increase in customer engagement compared to the previous year[180]. - The company is focusing on expanding its market presence and developing new technologies in the renewable energy sector[180]. Management and Board Activities - The company held its 2021 Annual General Meeting on May 24, 2021, where 27 proposals were approved without any rejections[171]. - The company appointed Chen Li as the new General Manager, Feng Chunsheng as the Deputy General Manager, and Zhang Ying as the Chief Financial Officer following the resignation of previous executives[187]. - The company has undergone a significant management restructuring with the election of new board members and supervisors[187].