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甘肃能源(000791) - 2021 Q4 - 年度财报
GEPICGEPIC(SZ:000791)2022-03-30 16:00

Financial Performance - The company's operating revenue for 2021 was ¥2,012,451,588.73, a decrease of 11.15% compared to ¥2,264,927,665.23 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥260,355,214.59, down 41.11% from ¥442,098,414.80 in 2020[31]. - The net cash flow from operating activities was ¥1,320,576,068.81, a decline of 18.15% compared to ¥1,613,371,680.82 in 2020[31]. - The total assets at the end of 2021 were ¥17,760,720,289.72, a decrease of 6.70% from ¥19,037,088,967.14 at the end of 2020[31]. - The company's weighted average return on equity for 2021 was 3.87%, down from 6.76% in 2020, a decline of 2.89%[31]. - The company reported a total revenue of 2.012 billion yuan in 2021, down 11.15% from 2.265 billion yuan in 2020[70]. - The net profit attributable to shareholders was 260 million yuan, representing a 41.11% decrease year-on-year[66]. - The company's total assets at the end of the reporting period were 17.761 billion yuan, a decrease of 6.70% compared to the previous year[66]. Installed Capacity and Power Generation - The total installed capacity of the company and its subsidiaries reached a significant level, contributing to the overall power generation output[20]. - The company’s total installed capacity is 2,594,000 kW, with hydropower capacity at 1,639,900 kW, wind power at 818,100 kW, and solar power at 136,000 kW[50]. - The total electricity generation during the reporting period was 7.881 billion kWh, a decrease of 16.74% compared to 9.555 billion kWh in the same period last year[50][56]. - The hydropower generation was 6.192 billion kWh, down from 7.799 billion kWh year-on-year, while wind power generation was 1.469 billion kWh, slightly down from 1.522 billion kWh[56]. - The company achieved a total power generation of 7.881 billion kWh in 2021, completing 88.88% of the planned target of 8.867 billion kWh[131]. Market and Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings through new technology development and strategic initiatives[6]. - The management discussed future plans that include potential mergers and acquisitions to strengthen market position[6]. - The company is actively advancing the construction of new energy projects to expand its installed capacity[66]. - The company plans to invest in several new clean energy projects, including a 300MW solar project and a 200MW wind project, with a total fundraising target of up to 1.2 billion yuan[67]. - The company is exploring plans to develop upstream wind turbine manufacturing in the new energy sector[141]. Environmental and Social Responsibility - The company is committed to environmental and social responsibilities as part of its operational framework[25]. - The government policies are favorable for the renewable energy sector, providing opportunities for the company to enhance the quality of its existing assets[45]. - The company will focus on improving its environmental protection measures in response to stricter ecological policies[137]. Governance and Management - The financial report was confirmed to be accurate and complete by the company's management, ensuring transparency for investors[5]. - The company has established an independent financial accounting system and operates with independent financial departments[147]. - The company has no significant discrepancies in governance compared to regulations set by the China Securities Regulatory Commission[146]. - The company has maintained a stable management team with no significant changes in shareholding among directors and supervisors[155]. - The company’s financial management is overseen by the finance director Wang Junlin, who is responsible for financial reporting and compliance[168]. Risks and Challenges - The company emphasized the importance of risk awareness regarding natural factors, monetary policy changes, and market risks in its future outlook[6]. - The company anticipates facing significant risks from natural factors affecting power generation, particularly due to climate change and water resource variability[136]. - The company plans to strengthen its marketing capabilities and establish a market-oriented marketing system to mitigate electricity market risks[137]. Employee and Compensation - The company reported a total of 1,836 employees at the end of the reporting period, with 1,137 in production, 429 in technical roles, and 57 in finance[193]. - The total remuneration for directors, supervisors, and senior management during the reporting period was 2.6684 million yuan, with 11 individuals receiving compensation[172]. - Employee supervisor Xing Yongxin received 531,800 yuan as remuneration, while Liu Jianbiao, the deputy general manager, received 353,400 yuan[177]. Financial Health and Investments - The company has a registered capital structure that supports its operational and expansion strategies in the energy sector[24]. - The company has signed agreements for a capital increase of 500 million yuan to reduce financial debts through debt-to-equity swaps[67]. - The company reported an investment income of ¥119,723,329.17, accounting for 31.76% of total profit, primarily from investments in associated companies[92]. - The total investment during the reporting period was CNY 781,753,519.63, an increase of 8.80% compared to CNY 718,529,266.62 in the previous year[101].