JEP(SZ:000875)2023-04-27 16:00Installed Capacity and Electricity Generation - The total installed capacity reached 1,236.42 million kW, an increase from 1,044.57 million kW in the same period last year, representing an increase of approximately 18.38%[2] - The electricity generation volume was 277.05 billion kWh, up from 243.24 billion kWh, marking a growth of about 13.91% year-over-year[2] - The company's renewable energy installed capacity reached 906.42 million kW, representing 73.31% of the total installed capacity, indicating a continuous increase in the share of renewable energy[3] Financial Performance - The company's net profit attributable to shareholders was 672 million yuan, driven by successful transformation and optimization of the industrial structure[8] - The revenue from electricity sales accounted for 76.30% of total operating income, amounting to 11,410,685,765.19 yuan, which is an increase of 18.14% from the previous year[9] - The company's operating revenue for the year reached ¥14,954,753,725.12, representing a 12.83% increase compared to the previous year[40] - Net profit attributable to shareholders was ¥671,714,968.55, a significant increase of 34.33% year-over-year[40] - The net profit after deducting non-recurring gains and losses was ¥686,152,251.80, reflecting a 67.28% increase from the prior year[40] Revenue from Energy Products - The revenue from wind power products was 2,988,466,807.66 yuan, showing a year-over-year increase of 13.00%[11] - The company's revenue from thermal power products reached ¥4,710,404,687.96, with a year-on-year increase of 10.33%[15] - Solar power products achieved revenue of ¥3,711,814,269.57, marking a significant year-on-year growth of 35.23%[15] Cost and Expenses - The company's fuel costs for electricity amounted to ¥2,670,535,666.87, accounting for 23.47% of total operating costs[27] - Depreciation expenses for electricity increased by 21.14% to ¥3,007,366,853.86, representing 26.43% of total operating costs[27] - The fuel costs for coal power products amounted to 2.67 billion yuan, accounting for 23.47% of operating costs, showing a 2.75% increase year-on-year[36] Investments and Projects - The company approved the investment of 563.77 million yuan for the 100 MW wind power project in Fuyu City, with a capital contribution of no less than 20% of the total investment[29] - The company approved the investment of 590.27 million yuan for the 100 MW photovoltaic project in Quyang County, with a capital contribution of no less than 20% of the total investment[30] - The company has ongoing projects with a total investment of CNY 1,516,380,027.00 in various renewable energy initiatives, including solar and wind power[79] Research and Development - The company's R&D investment amounted to ¥89,584,389.75 in 2022, representing an increase of 11.74% compared to ¥80,168,938.49 in 2021[53] - The number of R&D personnel increased to 295 in 2022, up 4.24% from 283 in 2021, with a notable increase in master's degree holders by 112%[53] - The company is developing a hydrogen energy project with a total installed capacity of 14.44 MWp and a hydrogen production scale of 200 Nm³/h, which is expected to significantly impact the hydrogen energy industry[51] Corporate Governance and Management - The company has established a good corporate governance structure, including independent director systems and specialized committees under the board of directors[188] - The company held 5 shareholder meetings during the reporting period, passing 30 resolutions, ensuring transparency and fairness in decision-making[148] - The board of directors convened 12 meetings, approving 93 resolutions related to business development, periodic reports, and major transactions[150] Market Position and Strategy - The company maintained an AAA credit rating and ranked 249th in the "2022 Global Top 500 New Energy Enterprises" list, reflecting its strong market position[7] - The company plans to actively develop distributed energy, integrated smart zero-carbon power plants, and biomass energy utilization, aiming for dual growth in scale and efficiency[138] - The company is focusing on hydrogen energy and energy storage technologies, with plans to develop lead-carbon battery storage projects nationwide to capture market opportunities[138] Cash Flow and Financial Health - The net cash flow from operating activities was ¥7,328,372,867.59, showing a remarkable growth of 113.21% compared to the previous year[40] - Total cash inflow from operating activities was ¥17,539,228,755.30, up 35.21% from ¥12,971,695,794.67 in the previous year[65] - The total amount of cash and cash equivalents increased by ¥258,092,909.63, a decrease of 38.23% compared to the previous year[65] Challenges and Risks - The company faced challenges in achieving expected returns from several projects due to grid limitations and increased competition in the renewable energy sector[105] - The company is addressing investment risks by initiating a "second transformation" to explore new industries and ensure sustainable high-quality development[139] - The company is committed to maintaining 100% coverage of long-term coal contracts to manage fuel supply risks amid seasonal fluctuations[139]