2023-08-29 16:00Installed Capacity and Electricity Generation - The company reported a total installed capacity of 20,000 MW as of June 30, 2023, with a year-on-year increase of 5%[7]. - The average utilization hours for the reporting period were 1,200 hours, reflecting a 10% increase compared to the same period last year[7]. - The total electricity sales volume reached 15 billion kWh, representing a 12% growth year-on-year[7]. - In the first half of 2023, the company added 36 new projects, with a total installed capacity of 515.41 MW, including 125.20 MW from wind power and 390.21 MW from solar power[25]. - The total electricity generation for the first half of 2023 was 39,746,820 MWh, representing a year-on-year increase of 9.48%, with wind power generation increasing by 9.57% to 33,108,421 MWh[26]. - The installed capacity of non-fossil energy reached 139 million kW, a year-on-year increase of 18.6%, accounting for 51.5% of the total installed capacity, which is an increase of 3.4 percentage points year-on-year[21]. - The average utilization hours of wind power equipment increased by 83 hours year-on-year to 1,237 hours, while solar power equipment utilization decreased by 32 hours to 658 hours[21]. - The company reported a decrease in thermal power generation by 4.61% to 5,027,922 MWh in the first half of 2023[26]. Financial Performance - The company's operating revenue for the current period is ¥19,851,636,824.41, a decrease of 8.40% compared to the previous year's revenue of ¥21,672,474,871.97[12]. - The net profit attributable to shareholders for the current period is ¥4,958,437,517.42, representing a 14.45% increase from ¥4,332,228,106.53 in the same period last year[12]. - Basic earnings per share increased by 14.79% to ¥0.5799 from ¥0.5052 in the previous year[12]. - The company's total operating revenue for the first half of 2023 was CNY 19.85 billion, a decrease of 8.40% compared to CNY 21.67 billion in the same period last year[44]. - The net profit for the first half of 2023 was CNY 5.65 billion, an increase of 10.00% from CNY 5.14 billion in the same period of 2022[123]. - The total comprehensive income for the first half of 2023 was CNY 5.65 billion, compared to CNY 5.22 billion in the same period last year[123]. Research and Development - The company has allocated a budget of 500 million RMB for research and development of new energy technologies in 2023[7]. - Research and development expenses were CNY 22,483,639.91, a reduction of 22.51% from CNY 29,016,368.78 in the same period last year[45]. - The company applied for 14 new invention patents in the first half of 2023 and published an industry standard for wind turbine control and protection parameter management[35]. Operational Efficiency and Cost Management - The company is focusing on enhancing operational efficiency through digital transformation initiatives, expecting a 15% reduction in operational costs by 2025[7]. - The company's operating costs were CNY 11.63 billion, down 14.20% from CNY 13.56 billion year-on-year, primarily due to a decrease in coal sales volume and average procurement prices[44]. - The average on-grid electricity price for all power generation businesses was RMB 457 per MWh, a decrease of RMB 21 per MWh compared to the same period in 2022[34]. Sustainability and ESG Commitment - The company emphasizes its commitment to ESG principles, aiming to improve its sustainability ratings by 20% over the next three years[7]. - The company has implemented ultra-low emissions operations across its thermal power enterprises, resulting in significant reductions in carbon dioxide, sulfur dioxide, and nitrogen oxides compared to the same period last year[79]. - The company achieved compliance with pollution discharge standards, with major pollutants' emissions meeting Jiangsu Province's standards[74]. Market Expansion and Strategic Initiatives - The company plans to expand its renewable energy projects, targeting an additional 3,000 MW of capacity by the end of 2024[7]. - The company has identified potential acquisition targets in the renewable energy sector to strengthen its market position[7]. - The company is committed to accelerating the construction of a world-class renewable energy company, focusing on safety, scale, digital transformation, and innovation[25]. Financial Position and Capital Management - The company's total assets at the end of the current period are ¥233,001,715,258.41, reflecting a 4.53% increase from ¥222,897,989,946.25 at the end of the previous year[12]. - The company's total equity increased to CNY 84,484,575,184.77 from CNY 80,080,744,994.52, reflecting a growth of about 5.0%[119]. - The company reported a significant investment of CNY 13,076,823,961.89 during the reporting period, a 91.54% increase compared to the previous year[56]. Risk Management - The company is focused on managing interest rate risks by maintaining close cooperation with financial institutions and monitoring macroeconomic conditions[66]. - The company has implemented measures to mitigate foreign exchange risks associated with overseas projects, ensuring financial stability during the construction phase[67]. - The company is actively monitoring geopolitical risks and enhancing compliance systems for overseas projects[7]. Shareholder and Governance Matters - The company will not distribute cash dividends or issue bonus shares for the reporting period[2]. - The company appointed new management, including a new general manager and deputy general manager, on April 25, 2023[72]. - The financial report was approved by the board of directors on August 29, 2023, indicating timely governance and oversight[146].