晋控电力(000767) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥15,274,800,598.55, representing a 28.75% increase compared to ¥11,687,528,652.08 in 2020[21] - The net profit attributable to shareholders of the listed company for 2021 was ¥3,840,732.04, a significant decrease of 98.59% from ¥226,030,437.94 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥160,699,005.72, a decline of 174.73% compared to ¥168,218,222.00 in 2020[21] - The net cash flow from operating activities for 2021 was ¥2,045,614,544.87, down 29.77% from ¥2,843,943,730.57 in 2020[21] - The basic earnings per share for 2021 was -¥0.0072, a decrease of 108.12% from ¥0.0735 in 2020[21] - The diluted earnings per share for 2021 was also -¥0.0072, showing the same decline of 108.12% from ¥0.0735 in 2020[21] - The weighted average return on equity for 2021 was -0.27%, down from 2.93% in 2020[21] - The total profit amounted to 27 million yuan, a significant decrease of 94.42% year-on-year[47] Revenue Breakdown - The company's total revenue for Q4 2021 reached ¥5,656,079,645.15, marking a significant increase compared to previous quarters[26] - The electricity segment generated ¥12,476,059,762.71, accounting for 81.68% of total revenue, with a year-on-year growth of 27.17%[50] - Coal-fired power revenue surged by 175.68% to ¥3,628,946,938.58, up from ¥1,316,358,472.36 in 2020, representing 23.76% of total revenue[50] - The company reported a significant increase in maintenance services revenue, which rose by 32.45% to ¥443,090,252.16[50] - The total sales volume of electricity increased by 12.92% to 3,916,336.31 million kWh in 2021, compared to 3,468,108.71 million kWh in 2020[54] Asset and Liability Management - The total assets at the end of 2021 were ¥61,490,920,098.45, an increase of 7.14% from ¥56,853,939,284.09 at the end of 2020[23] - The net assets attributable to shareholders of the listed company at the end of 2021 were ¥9,166,095,238.91, reflecting a 5.43% increase from ¥8,237,058,782.83 at the end of 2020[23] - Cash and cash equivalents increased to 6,641,398,698.19 yuan, accounting for 10.80% of total assets, up from 8.51% at the beginning of the year[79] - Accounts receivable rose to 6,210,303,001.07 yuan, representing 10.10% of total assets, an increase of 1.41% from the previous year[79] - Inventory increased to 1,932,233,597.11 yuan, making up 3.14% of total assets, up by 1.31% year-on-year[79] Operational Efficiency - The company reported a total installed capacity of 10,808 MW by the end of 2021, with coal power accounting for 8,800 MW and renewable energy sources contributing 1,880 MW[35] - The average utilization hours for conventional coal power in 2021 were 4,418 hours, which is significantly higher than the provincial average[35] - The company completed a total power generation of 42.796 billion kWh in 2021, outperforming the provincial average utilization[35] - The company achieved a 1% improvement in boiler efficiency under 60% load conditions through new technologies[70] - The company reported a decrease in coal consumption of 2g/kW.h due to the implementation of energy-saving technologies[70] Research and Development - The company established a research and development center, with an investment of 20.64 million yuan in technology research, resulting in 9 new utility model patents[46] - The company’s R&D expenses surged to ¥20,640,874.14, reflecting a dramatic increase of 19,208.37% compared to the previous year[65] - The company’s R&D personnel increased significantly from 2 in 2020 to 107 in 2021, representing a growth rate of 5,250%[71] - R&D investment rose dramatically from ¥106,901.19 in 2020 to ¥20,640,874.14 in 2021, a change of 19,208.37%[71] Environmental Compliance - The company reported a total sulfur dioxide emission of 371.73 tons, which is below the approved limit of 3923.64 tons, indicating compliance with environmental standards[172] - Nitrogen oxides emissions were recorded at 933.77 tons, significantly lower than the approved limit of 2609.95 tons, demonstrating effective pollution control measures[172] - The company achieved a dust emission level of 20.49 tons, well within the approved limit of 698.39 tons, reflecting adherence to environmental regulations[172] - The company has maintained zero instances of exceeding emission limits across all reported pollutants, showcasing its commitment to environmental responsibility[172] - The company has implemented effective measures to ensure compliance with environmental standards, as evidenced by the absence of any exceedances in pollutant emissions[176] Corporate Governance - The company has a governance structure that includes a board of directors with 8 members, ensuring independent oversight with 3 independent directors[104] - The company has independent directors with significant experience in finance and academia, enhancing governance[118] - The company has a total of 6 independent directors, contributing to diverse perspectives in decision-making[118] - The company has established a comprehensive internal control system with 215 internal control regulations in place by the end of 2021[150] - The company emphasizes the importance of aligning remuneration with provincial wage policies and company performance[124] Social Responsibility - The company actively fulfilled its social responsibilities, ensuring compliance with labor laws and providing various insurances for employees, enhancing corporate cohesion[192] - The company implemented photovoltaic poverty alleviation projects, benefiting 1,600 households with an annual payment of 3,000 yuan per household for 20 years[195] - The company has established a leadership group for poverty alleviation and rural revitalization, ensuring effective coordination and implementation of related tasks[193] - The company has successfully completed its poverty alleviation tasks and is now focusing on integrating these efforts with rural revitalization initiatives[193] - The company has made significant contributions to local ecological protection, reflecting its commitment to the principle that "green mountains and clear waters are as valuable as mountains of gold and silver"[192]