赣能股份(000899) - 2021 Q4 - 年度财报

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[21] - The net profit attributable to shareholders was RMB 300 million, which is a 10% increase compared to the previous year[21] - The company's operating revenue for 2021 was ¥2,699,558,782.67, representing a 0.84% increase compared to ¥2,677,189,520.85 in 2020[29] - The net profit attributable to shareholders for 2021 was -¥248,173,188.30, a decrease of 178.54% from ¥315,975,908.50 in 2020[29] - The net cash flow from operating activities decreased by 51.96% to ¥243,962,744.89 in 2021 from ¥507,783,803.72 in 2020[29] - The company reported a basic earnings per share of -¥0.25 for 2021, down 178.13% from ¥0.32 in 2020[29] - The weighted average return on equity was -5.15% in 2021, a decline of 11.61% from 6.46% in 2020[29] - The company’s quarterly operating revenue for Q4 2021 was ¥688,292,758.96, with a net profit attributable to shareholders of -¥239,564,398.55[35] - The company reported a net loss of CNY 1,530,989.28 for the reporting period[114] Capacity and Production - The installed capacity of the company reached 2,500 MW, with a year-on-year growth of 20%[21] - The total electricity generation was 10,000 MWh, marking an increase of 12% from the previous year[21] - The company's total power generation during the reporting period was 7.17 billion kWh, with thermal power accounting for 95.77% at 6.87 billion kWh[50] - The company's electricity sales reached 6.83 billion kWh, with thermal power sales at 6.54 billion kWh, representing 95.63% of total sales[50] - The total installed capacity of the company as of December 31, 2021, was 1,578.4 MW[66] - The average utilization rate of the company's power plants was 4.56%, slightly up from 4.47% in the previous year[57] Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in 2022, aiming for a 25% increase in market share[21] - The company aims to achieve a revenue target of RMB 1.5 billion for 2022, which would represent a growth of 25%[21] - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and market reach[21] - The company plans to increase its renewable energy capacity and expand its comprehensive energy services in the future[50] - The company is actively pursuing business development in clean energy and technology innovation to adapt to the evolving energy landscape[148] Research and Development - The company is investing RMB 200 million in R&D for new energy technologies, focusing on solar and wind energy solutions[21] - Research and development expenses increased by 72.20% to RMB 49,543,990.60 compared to the previous year, reflecting a significant investment in innovation[84] - The company completed several major R&D projects, including a study on reducing desulfurization plant electricity consumption, which aims to lower energy use while meeting environmental standards[85] - The company has developed a comprehensive recycling system for industrial cooling water, aiming to reduce water resource consumption and manufacturing costs[89] - The number of R&D personnel increased by 25.58% from 86 in 2020 to 108 in 2021, with R&D personnel now making up 13.57% of the total workforce[91] Financial Management and Investments - The company reported an investment income of CNY 106,170,076.84, which constituted -43.15% of total profit[99] - The company's cash and cash equivalents increased by CNY 224,835,512.47, a decrease of 27.54% year-on-year[95] - Long-term borrowings rose to CNY 2,417,653,966.94, accounting for 24.54% of total assets, primarily due to financing for the Fengdian Phase III project[100] - The total investment for the reporting period reached CNY 2,090,246,828.13, a significant increase of 241.72% from the previous year[107] Governance and Management Changes - The company experienced a management change with multiple resignations and appointments, including the resignation of Mr. Li Shengyi as Vice General Manager on October 21, 2021, due to work adjustments[176] - The company appointed Mr. Huang Hui as Vice General Manager on January 12, 2022, while he was relieved of his duties as Chief Engineer[177] - The company reported a significant turnover in its board and supervisory roles, with several members resigning due to work adjustments throughout 2021[176] - The company is focused on expanding its management team with new appointments to strengthen its operational efficiency and governance[177] Sustainability and Environmental Goals - The management team emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[191] - The company is committed to achieving carbon peak and carbon neutrality goals, focusing on clean energy development and exploring CCER project development to minimize carbon compliance costs[154] - The company anticipates challenges in the coal market due to tight supply and fluctuating prices, with measures in place to control costs and manage fuel procurement effectively[155] Customer and Supplier Relationships - The top five customers accounted for a total sales amount of RMB 2,654,846,233.74, representing 98.33% of the annual total sales[80] - The largest customer, State Grid Jiangxi Electric Power Co., Ltd., contributed RMB 2,605,915,457.83, which is 96.53% of the annual total sales[80] - The total procurement amount from the top five suppliers was RMB 4,670,072,670.25, accounting for 73.05% of the annual total procurement[80] - The largest supplier, Harbin Electric Co., Ltd., had a procurement amount of RMB 1,610,245,358.94, which is 25.19% of the annual total procurement[80]