2023-03-29 16:00Financial Performance - The company reported a comprehensive consolidation of its project companies, excluding joint ventures, to calculate the total installed capacity and ongoing projects[5]. - The company's operating revenue for 2022 was ¥39,863,079,555.45, a slight decrease of 0.07% compared to ¥39,892,877,605.74 in 2021[14]. - The net profit attributable to shareholders for 2022 was ¥5,112,188,852.32, representing a significant decline of 31.14% from ¥7,423,791,887.07 in 2021[14]. - The net profit after deducting non-recurring gains and losses was ¥5,745,413,702.59, down 19.54% from ¥7,140,507,237.01 in the previous year[14]. - The total profit for 2022 was CNY 7,637,549,484.80, representing a year-on-year decrease of 23.74%[49]. - The company achieved a net profit of RMB 12,692.19 million for the year 2022, exceeding the commitment of RMB 10,914.34 million[178]. - The net profit for the acquisition of the Gansu Electric Power Company was RMB 5,502.24 million, surpassing the commitment of RMB 2,910.08 million[177]. - The company reported a net profit of RMB 15,725.79 million for the acquisition of the Yunnan Electric Power Company, slightly above the commitment of RMB 15,702.47 million[177]. Cash Flow and Investments - The net cash flow from operating activities increased by 63.39% to ¥29,606,183,124.10 from ¥18,120,139,806.69 in 2021[14]. - Cash and cash equivalents increased by 954.06% to CNY 14.43 billion, largely due to the recovery of renewable energy subsidies[68]. - The total investment amount for the reporting period was CNY 24.48 billion, a 20.83% increase from CNY 20.26 billion in the previous year[73]. - The company reported a total deposit balance of 295,068.31 million yuan with the National Energy Group Financial Company, with a maximum daily deposit limit of 300,000 million yuan[196]. - The company provided loans totaling 4,664,190 million yuan to the National Energy Group Financial Company, with a remaining balance of 1,723,219 million yuan[196]. Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of 1.171 CNY per 10 shares to all shareholders, based on a total of 8,381,963,164 shares[2]. - The company distributed a cash dividend of 1.171 yuan per 10 shares, totaling 981,527,886.50 yuan, which represents 100% of the distributable profit[144]. - The total distributable profit for the year was 4,903,454,000.00 yuan, with no stock dividends or capital reserve transfers proposed[144]. - The company held several shareholder meetings in 2022, with participation rates of 86.13% and 85.52%, indicating strong shareholder engagement in corporate governance[106]. Operational Efficiency and Capacity - The average utilization hours for the company's controlled power generation reached a significant level, indicating efficient operational performance[5]. - The total installed capacity of Longyuan Power Group reached 31,107.8 MW in 2022, an increase from 26,698.6 MW in the previous year, representing a growth of approximately 16.5%[30]. - The company added a total of 2,409.60 MW of self-built installed capacity in 2022, including 534.40 MW of wind power and 1,875.20 MW of solar power[31]. - The company achieved a total electricity sales volume of 68,145,463 MWh, representing a year-on-year growth of 14.08%, with wind power sales increasing by 14.95% to 56,295,804 MWh[31]. - The company reported a total power generation for 2022 of 70,633,024 MWh, an increase of 11.6% year-on-year, with wind power generation rising by 13.7% to 58,308,065 MWh[32]. Technological Innovation and Development - The company is focused on technological leadership and innovation as part of its four-wheel drive strategy for growth[6]. - The company implemented a digital technology platform for production management, enhancing risk prevention and operational efficiency through data-driven insights[32]. - The company is developing key technologies for multi-energy complementary systems, which will improve the stability of the power system and support the integration of renewable energy sources[63]. - The company aims to break the monopoly of foreign companies in core algorithms for wind resource assessment through the development of proprietary software[62]. - The company has established a multi-energy simulation platform capable of modeling various energy forms, enhancing its ability to coordinate power control and optimize parameters for operational power plants[63]. Environmental and Social Responsibility - The company has undertaken several environmental projects, including low-emission modifications and comprehensive water resource utilization projects[155]. - The total investment in environmental governance and protection by the company in 2022 amounted to 271 million yuan[159]. - The company achieved a 100% comprehensive utilization rate of industrial solid waste, including fly ash, slag, and gypsum[162]. - The company invested a total of CNY 18 million in targeted poverty alleviation efforts in Youyu County, Shanxi Province, with all funds fully allocated[165]. - The company helped sell agricultural products from Youyu County worth CNY 2.68 million through e-commerce platforms, enhancing local sales channels[166]. Governance and Management - The company has established a clear governance structure, ensuring compliance with relevant laws and regulations, and maintaining a high level of operational independence from its controlling shareholder[101]. - The company has a robust financial management system in place, with independent accounting practices and a clear organizational structure to mitigate potential conflicts of interest with its controlling shareholder[102]. - The company has signed agreements to avoid competition with its controlling shareholder, ensuring a strategic focus on its core wind power business while minimizing overlaps[103]. - The company appointed Tang Jian as the chairman and executive director on December 8, 2022, following a leadership change[112]. - The company is committed to maximizing shareholder value while maintaining operational independence and a clear focus on its strategic objectives[102].