JXGNCL(SZ:000899)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥4,142,749,765.83, representing a 53.46% increase compared to ¥2,699,558,782.67 in 2021[18]. - The net profit attributable to shareholders was ¥10,648,369.33, a significant turnaround from a loss of ¥248,173,188.30 in the previous year, marking a 104.29% improvement[18]. - The net profit after deducting non-recurring gains and losses was ¥33,088,979.90, up 114.48% from a loss of ¥228,577,852.28 in 2021[18]. - The company's total assets increased by 20.01% to ¥11,822,081,664.44 at the end of 2022, compared to ¥9,851,092,696.19 at the end of 2021[18]. - The basic earnings per share improved to ¥0.01 from a loss of ¥0.25 in 2021, reflecting a 104.00% increase[18]. - The weighted average return on equity rose to 0.23%, an increase of 5.38 percentage points from -5.15% in the previous year[18]. - The cash flow from operating activities decreased by 89.71% to ¥25,094,763.56, down from ¥243,962,744.89 in 2021[18]. - The net assets attributable to shareholders increased slightly by 0.35% to ¥4,665,981,888.11 at the end of 2022[18]. Operational Challenges - The company has faced uncertainties regarding its ability to continue as a going concern, as indicated in the audit report[18]. - The company faced challenges with cash flow in Q4, which may impact future operational strategies and market expansion plans[22]. - The company is facing potential risks related to the coal market, which could impact its operations[111]. - The company faced increased operational cost pressure due to high coal prices, which significantly impact fuel procurement costs[112]. Energy Generation and Capacity - The total installed power generation capacity in China reached 2.56 billion kilowatts by the end of 2022, marking a year-on-year increase of 7.8%[30]. - Non-fossil energy generation capacity accounted for 49.6% of the total installed capacity, reflecting a 2.6 percentage point increase year-on-year[30]. - The company's total electricity generation was 9.929 billion kWh, representing a year-on-year growth of 38.48%, with thermal power generation at 9.543 billion kWh, up 38.97%[35]. - The company's total electricity sales reached 9.426 billion kWh, a year-on-year increase of 37.89%, with thermal power sales at 9.046 billion kWh, up 38.40%[36]. - The total installed capacity of the company reached 3,607.06 MW, an increase of 128.53% compared to the previous year[35]. Investments and Projects - The investment in power generation projects across the country reached ¥720.8 billion in 2022, showing a year-on-year growth of 22.8%[30]. - The approval of new coal power projects in 2022 reached 65.24 million kilowatts, exceeding the total approved in 2021 by three times, indicating a significant increase in coal power investment[33]. - The company has ongoing projects with a total investment of CNY 2,665,696,950.89 for the Fengdian Phase III expansion project, with cumulative actual investment reaching CNY 5,083,739,980.59[83]. - The company is engaged in the construction of a 60MW agricultural photovoltaic project with an investment of CNY 1,455.94358 million[85]. - The company is also developing a clean coal power project with an investment of CNY 13,423.87708 million[85]. Research and Development - The number of R&D personnel increased to 235 in 2022, up 117.59% from 108 in 2021, with the proportion of R&D personnel rising by 14.37 percentage points to 27.94%[66]. - R&D investment amounted to ¥138,745,728.79 in 2022, representing a 43.38% increase from ¥96,766,070.97 in 2021, while the proportion of R&D investment to operating income decreased by 0.23 percentage points to 3.35%[66]. - The company is developing a technology for the centralized disposal of urban sludge, aiming to reduce coal consumption and improve sustainability[62]. - The company has completed research on the application of artificial intelligence systems in thermal power plants to enhance equipment reliability and operational safety[64]. Environmental Compliance - The company has obtained pollution discharge permits for its power plants, with the latest permit valid until June 6, 2025, and another valid until March 2, 2027[170]. - The company reported a total emission of 59.278 tons of particulate matter, which is within the permitted limit of 840 tons per annum[171]. - The sulfur dioxide emissions were recorded at 581.334 tons, below the annual limit of 3445 tons[171]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[177]. Corporate Governance - The company maintains a robust internal governance structure, ensuring compliance with relevant laws and regulations[116]. - The company operates independently from its controlling shareholder, with distinct procurement, production, and sales systems[117]. - The company is addressing potential competition issues with its controlling shareholder by committing to resolve these matters by December 31, 2023[118]. - The board of directors held a total of 9 meetings during the reporting period, with all members actively participating[146]. Community Engagement and Social Responsibility - The company has established a mechanism for rural revitalization assistance, leveraging its advantages in renewable energy development and funding support[183]. - The company has initiated a 70-acre vegetable greenhouse project, which is currently in the planning stage, to promote agricultural technology and mechanized operations[187]. - The company has actively participated in the renovation of drinking water projects, connecting the Taihu Reservoir drinking water to Zukeng Village, effectively addressing seasonal water shortages[188]. - The company has organized community activities to enhance cultural awareness, including traffic safety training and traditional cultural events[189].