2022-03-30 16:00Financial Performance - The company reported significant financial metrics for 2021, including total installed capacity and operational efficiency, which are detailed in the financial report section [9]. - The company's operating revenue for 2021 was ¥37,208,491,000.16, representing a year-over-year increase of 29.16% compared to ¥28,807,119,105.18 in 2020 [13]. - The net profit attributable to shareholders for 2021 was ¥6,404,178,984.07, up 28.67% from ¥4,977,377,854.94 in 2020 [13]. - The net cash flow from operating activities increased by 36.52% to ¥16,755,015,206.73 in 2021 from ¥12,273,195,998.76 in 2020 [13]. - Basic earnings per share rose by 31.43% to ¥0.7652 in 2021, compared to ¥0.5822 in 2020 [13]. - The total assets at the end of 2021 were ¥189,305,705,339.80, an increase of 8.40% from ¥174,628,622,955.62 at the end of 2020 [13]. - The company’s revenue for 2021 was approximately CNY 37.21 billion, a year-on-year increase of 29.16%, while the total profit reached CNY 8.75 billion, up 25.36% from the previous year [65]. - The company reported a total revenue of 10 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15% [150]. Dividend Distribution - The company plans to distribute a cash dividend of 1.47 RMB per 10 shares to all shareholders, based on a total of 8,381,963,164 shares [2]. - The company distributed cash dividends amounting to 1,232,148,585.10 CNY, which is 20% of the distributable profit of 6,158,633,000.00 CNY [170]. - The board of directors approved a dividend payout of 0.5 RMB per share, reflecting a 20% increase from the last fiscal year [150]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its operational capabilities through strategic initiatives [2]. - The company has identified opportunities for market expansion and new product development in response to evolving industry demands [21]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025 [150]. - The company is exploring strategic acquisitions to enhance its market presence, particularly in emerging markets [103]. - The company is actively engaged with government authorities to secure favorable policies and expand its energy generation capacity [112]. Research and Development - The company has committed to ongoing research and development of new technologies to improve energy efficiency and sustainability [2]. - Research and development expenses increased by 82.06% to ¥140,135,321.81 due to significant investment in new R&D projects [77]. - The company invested CNY 175,638,606.35 in R&D in 2021, a 101.28% increase from CNY 87,258,826.16 in 2020 [83]. - The company is developing key technologies for floating offshore wind power, with ongoing projects aimed at overcoming design challenges and enhancing economic viability [78]. - The company aims to develop software for wind resource assessment and risk evaluation, which is expected to break the monopoly of foreign companies in this field [80]. Operational Efficiency and Governance - The company has a strong governance structure with various committees overseeing different aspects of its operations [2]. - The company has established a comprehensive technology innovation system, with 19 new patent applications and 29 new authorized patents in the reporting year [64]. - The company has implemented a digital transformation plan, achieving nearly 100% data collection and deploying over 100 predictive maintenance models [37]. - The company emphasizes performance-based salary structures to incentivize employees and enhance productivity [164]. - The company has established a modern corporate governance structure, ensuring compliance with relevant laws and regulations [123]. Environmental Responsibility - The company is committed to maximizing green benefits while developing new projects and adhering to national environmental laws and regulations [187]. - The company has established a specialized carbon asset company to manage carbon emissions from its thermal power plants, focusing on energy-saving renovations to reduce greenhouse gas emissions [193]. - The company actively promotes low-carbon initiatives and encourages voluntary emission reduction among businesses and individuals [198]. - The company aims to save approximately 400,000 tons of water in 2022 through the recovery and reuse of reverse osmosis concentrate at the Jiangyin Sulong power plant [194]. - The company achieved a 100% utilization rate of fly ash from its thermal power plants, using it for road construction and cement production [189]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks in the management discussion and analysis section [2]. - The company has identified climate risks related to wind resource variability and is implementing strategies to manage these risks effectively [112]. - The company plans to integrate risk management into daily operations in 2022, ensuring comprehensive coverage across all business areas and departments [115]. - The company identified typical risks in overseas projects, including exchange rate risk in the Xionga Company and operational safety and compliance risks in South Africa, Canada, and Ukraine [174]. Management Changes - The company reported significant management changes, with a total of 12 new appointments and 6 departures in 2021 [134]. - The company appointed several new executives in 2021, including Tang Jian as General Manager and Li Zhongjun as Executive Director and Chairman [133]. - The management changes are expected to align with the company's long-term strategic goals and enhance governance [134]. - The company is focused on enhancing its operational independence and maintaining a complete business system [124]. Employee Development - The total number of employees at the end of the reporting period was 8,053, with 5,589 in production, 2,408 in technical roles, and 56 in finance [163]. - In 2021, the company trained a total of 95,497 person-times, with 6,127 employees participating in training programs [167]. - The training rate for management and professional technical staff was 94.85%, while for production staff it was 68.60% [166]. - The company has a dynamic salary adjustment mechanism to enhance employee motivation and performance, focusing on key positions and high-skilled talents [164]. Financial Health - The company has a low debt-to-asset ratio compared to industry peers, maintaining a strong credit rating with multiple AAA ratings from domestic agencies [62]. - The total investment amount for the reporting period was CNY 20.15 billion, a decrease of 2.85% from CNY 20.74 billion in the previous year [90]. - The company successfully issued 26 short-term financing bonds and 3 medium-term notes in 2021, maintaining a competitive funding cost within the industry [50]. - The company is exploring carbon trading markets and the development of energy storage solutions as part of its future strategy [118].