2022-03-17 16:00Financial Performance - The company's operating revenue for 2021 was CNY 80.68 billion, an increase of 14.30% compared to CNY 70.58 billion in 2020[10]. - The net profit attributable to shareholders for 2021 was CNY 9.73 billion, reflecting a 1.78% increase from CNY 9.56 billion in 2020[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9.73 billion, up 3.42% from CNY 9.41 billion in 2020[10]. - The net cash flow from operating activities reached CNY 34.91 billion, a 15.77% increase from CNY 30.15 billion in 2020[10]. - The total assets at the end of 2021 amounted to CNY 399.99 billion, representing a 2.07% increase from CNY 391.90 billion at the end of 2020[10]. - The net assets attributable to shareholders at the end of 2021 were CNY 100.91 billion, a 5.92% increase from CNY 95.27 billion at the end of 2020[10]. - The company achieved a consolidated operating revenue of approximately CNY 80.68 billion, a year-on-year increase of 14.30%[32]. - The net profit attributable to shareholders of the parent company was approximately CNY 9.73 billion, an increase of 1.78% year-on-year[32]. - The company reported a total revenue of RMB 100 billion for the fiscal year 2021, representing a year-on-year growth of 15%[139]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.84 CNY per 10 shares to all shareholders based on a total share capital of 50,498,611,100 shares as of the profit distribution record date[1]. - The cash dividend policy stipulates a minimum distribution of 30% of the net profit attributable to shareholders for the year, based on business performance and future development strategies[158]. - The company plans to implement a five-year shareholder dividend return plan from 2021 to 2025[144]. - The company has a clear cash dividend policy approved by the shareholders' meeting, ensuring transparency and stability in shareholder returns[158]. - The company plans to distribute a cash dividend of 0.84 CNY per share, totaling approximately 4.24 billion CNY, which represents 100% of the distributable profit[159]. Operational Efficiency and Management - The average utilization hours of nuclear power in 2021 were 7,802 hours, an increase of 352 hours year-on-year[17]. - The company's average utilization hours for power plants increased to 7,731 hours in 2021 from 7,309 hours in the previous year, reflecting improved operational efficiency[23]. - The company has maintained a high level of operational management, with 83.00% of its operational units' performance indicators in the top 25% globally[26]. - The company is committed to the integrated design, construction, and operation of nuclear projects, enhancing cost control and operational efficiency[27]. - The company achieved a reduction in standard coal consumption by approximately 60.85 million tons and a decrease in CO2 emissions by about 167.36 million tons in 2021[25]. Nuclear Power Development - The company is committed to actively and safely developing nuclear power as part of the national strategy for carbon peak and carbon neutrality[18]. - As of December 31, 2021, the company managed 25 operational nuclear units and 7 under construction, with installed capacities of 28,261 MW and 8,299 MW, representing 53.01% and 41.01% of the national total for operational and under-construction nuclear capacity respectively[22]. - The total power generation of the company's managed nuclear plants in 2021 was 201.15 billion kWh, accounting for 52.65% of the national nuclear power generation[22]. - The company has developed the self-owned third-generation nuclear technology "Hualong One," which is being utilized in multiple ongoing projects[28]. - The company is advancing the development of small modular reactor technology to expand nuclear energy applications[74]. Environmental and Social Responsibility - The company is committed to clean energy development, focusing on nuclear power and comprehensive utilization of nuclear energy, while controlling radioactive emissions[95]. - The company achieved a radioactive liquid waste discharge rate of 0.24% in 2021, consistent with the previous year[46]. - The company maintained normal environmental monitoring results across all nuclear power stations in 2021[46]. - The company invested approximately RMB 3,044.12 million in rural revitalization and other donations during the reporting period[180]. - The company has been actively involved in poverty alleviation efforts, addressing issues such as electricity, water supply, and transportation for villagers[185]. Governance and Compliance - The company has established a governance structure that reflects the relationships and roles of key stakeholders, ensuring compliance with regulations[109]. - The company is committed to compliance with legal regulations and corporate governance standards[148]. - The board of directors has been diligent in reviewing proposals and making independent judgments on company matters[148]. - The company has established control measures based on risk assessment results, covering key business areas including funding activities, procurement, sales, project management, and financial reporting[165]. - The company emphasizes timely and accurate communication of internal control-related information to ensure effective transmission within and outside the company[165]. Future Outlook and Strategic Initiatives - The company has set a future outlook with a revenue target of 120 billion RMB for 2022, indicating a projected growth rate of 20%[127]. - The company plans to expand its market presence by entering three new international markets by the end of 2022[127]. - The company aims to enhance the competitiveness of its Hualong One nuclear technology, which is crucial for sustainable development[73]. - The company plans to continue optimizing maintenance schedules and improving operational efficiency through advanced technologies[43]. - The company aims to improve its market marketing capabilities and actively pursue nuclear power consumption policies to secure more grid electricity[107].