黔源电力(002039) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was CNY 2,613,116,603.70, representing a 26.14% increase compared to CNY 2,036,096,381.52 in 2021[19] - The net profit attributable to shareholders for 2022 was CNY 414,246,133.65, a 65.02% increase from CNY 234,479,112.73 in 2021[19] - The net cash flow from operating activities reached CNY 1,945,919,440.57, up 49.03% from CNY 1,305,753,010.71 in the previous year[19] - Basic earnings per share for 2022 were CNY 0.9689, a 65.03% increase from CNY 0.7678 in 2021[19] - Total operating revenue for the year was CNY 2,613,116,603.70, with a quarterly breakdown of CNY 558.56 million in Q1, CNY 928.04 million in Q2, CNY 937.45 million in Q3, and CNY 189.07 million in Q4[23] - Net profit attributable to shareholders for the year was CNY 413,245,133.65, with quarterly figures of CNY 87.65 million in Q1, CNY 228.02 million in Q2, CNY 238.67 million in Q3, and a loss of CNY 140.10 million in Q4[23] - Operating cash inflow for 2022 was CNY 3,068,105,192.51, an increase of 42.78% compared to CNY 2,148,778,379.12 in 2021[48] Assets and Liabilities - Total assets at the end of 2022 were CNY 16,760,756,976.72, a decrease of 1.41% from CNY 16,967,759,750.16 at the end of 2021[19] - The net assets attributable to shareholders increased by 10.70% to CNY 3,675,892,024.31 from CNY 3,303,956,819.47 in 2021[19] - The total profit for the year reached CNY 892 million, with a debt-to-asset ratio of 61.72%[38] - The company’s long-term borrowings decreased by 2.62% to CNY 7,451,659,935.62 from CNY 8,003,060,868.49 at the beginning of the year[50] Cash Flow and Investments - The company reported a net cash flow from financing activities of -CNY 1,285,795,367.25, which is an increase of 89.78% compared to -CNY 677,536,015.16 in 2021[49] - Total investment activities cash outflow was CNY 673,045,386.87, a 21.46% increase from CNY 554,115,443.40 in 2021[48] - The company invested CNY 533,730,134.87 during the reporting period, a decrease of 16.30% from CNY 637,697,291.28 in the previous year[54] Operational Highlights - Total installed capacity reached 3,995,600 kW, with 3,233,500 kW from hydropower and 762,100 kW from photovoltaic power[32] - Power generation for the year was 9,581,000,000 kWh, representing a 22.04% increase year-over-year, with hydropower generation at 8,847,000,000 kWh (up 19.09%) and photovoltaic generation at 734,000,000 kWh (up 73.93%)[32] - The average on-grid electricity price increased to CNY 0.3092 per kWh from CNY 0.2979 per kWh year-over-year[34] - The company reported a decrease in the average utilization hours of power plants to 2,401.56 hours from 1,945.51 hours year-over-year[34] Future Plans and Goals - The company plans to distribute a cash dividend of CNY 3 per 10 shares, totaling CNY 128,267,438.78 based on 427,558,126 shares[3] - The company plans to expand its installed capacity with 18.79 million kW under construction and 20 million kW approved for future projects[33] - The company aims to achieve zero accidents in safety and zero incidents in environmental protection in 2023[67] - The company has set a performance guidance for 2023, aiming for a revenue growth of 10% and a net profit increase of 15%[80] Governance and Compliance - The company maintains an independent governance structure, ensuring no overlap in management roles with the controlling shareholder[75] - The company adheres to legal and regulatory requirements in its governance practices, ensuring transparency and accountability[74] - The company has established a complete control over its assets, ensuring no misuse by major shareholders[76] - The company has committed to enhancing corporate governance and operational standards in response to changing internal and external environments[119] Employee and Management - The total number of employees at the end of the reporting period was 775, with 238 in the parent company and 537 in major subsidiaries[106] - The company implemented a performance evaluation system that combines annual and monthly indicators, promoting a dual contract framework for employees[107] - The company has a strong management team with extensive experience in the energy sector, enhancing operational efficiency[90] - The company has allocated 200 million CNY for research and development in renewable energy technologies over the next three years[80] Environmental and Social Responsibility - The company donated 2.94 million yuan for rural revitalization through various support measures in 2022[121] - The company emphasizes its mission of providing clean energy and contributing to social welfare while ensuring reliable power supply[120] - The company is committed to a "green, clean, and multi-energy integration" zero-carbon development path, focusing on optimizing its clean energy structure[67] Audit and Financial Reporting - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022, and its operational results for the year[195] - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring the independence and ethical compliance of the auditors[192] - The audit identified no significant misstatements in the other information included in the annual report[198]