CGN POWER(SZ:003816)2023-03-15 16:00Financial Performance - The company reported a significant increase in revenue, with total operating income reaching 100 billion RMB, representing a year-on-year growth of 15%[7]. - The company reported a net profit of 8 billion RMB for the year, reflecting a 10% increase compared to the previous year[7]. - Operating revenue for 2022 was CNY 82,822,403,586.43, representing a 2.66% increase from CNY 80,678,744,757.95 in 2021[12]. - Net profit attributable to shareholders was CNY 9,964,854,412.04, a 2.06% increase from CNY 9,732,589,251.46 in 2021[12]. - The company achieved a consolidated revenue of approximately 82.82 billion CNY in 2022, reflecting a year-on-year growth of 2.66%, while the net profit attributable to shareholders was approximately 9.965 billion CNY, an increase of 2.06%[33]. - The company reported a total revenue of CNY 24,407,376,810.55 in Q4 2022, with a net profit of CNY 1,174,782,236.45[17]. - The company plans to maintain a stable growth trajectory, with a performance guidance of 10-15% revenue growth for the upcoming fiscal year[7]. - Future guidance indicates an expected revenue growth of 12% for the next fiscal year, driven by increased demand for clean energy solutions[122]. Dividend Policy - The company plans to distribute a cash dividend of 0.87 RMB per 10 shares to all shareholders based on a total share capital of 50,498,611,100 as of the profit distribution record date for 2022[2]. - The company has established a clear cash dividend policy, ensuring that the dividend distribution ratio will not be less than 30% of the net profit attributable to shareholders[158]. - The company plans to distribute a cash dividend of RMB 0.87 per 10 shares, totaling RMB 4,393,379,165.70, which represents 100% of the distributable profit[161]. Operational Efficiency - The company is focusing on enhancing operational efficiency, aiming for a 5% reduction in operational costs by implementing new management strategies[7]. - The company has implemented continuous cost optimization management, reducing operational and maintenance costs through management improvements and technological innovations[28]. - The company has a strong cost control capability in nuclear projects, integrating design, procurement, construction, and operation to optimize costs from the outset of nuclear power plant design[29]. - The company plans to enhance its digital and intelligent technology applications to improve the safety and economic efficiency of nuclear power plants[74]. - The company aims to reduce operational costs by 15% through improved supply chain management strategies[134]. Market Expansion - The company aims to expand its market presence by increasing its overseas projects, targeting a 20% growth in international revenue by 2025[7]. - Market expansion efforts include entering two new international markets, aiming for a 10% increase in overseas revenue by 2024[122]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% market share by 2025[134]. Research and Development - The company is investing in new technology development, with a budget of 1 billion RMB allocated for R&D in advanced nuclear reactor designs over the next three years[7]. - The company has established a comprehensive R&D system with over 4,700 R&D personnel and multiple national-level research centers, focusing on advanced nuclear technologies and innovation[31]. - R&D investment increased by 26.51% to ¥3,852,536,093.51 in 2022, compared to ¥3,045,287,615.11 in 2021[75]. - The R&D department has reported a 40% increase in efficiency due to the implementation of new technologies[134]. Environmental Commitment - The company achieved a reduction of approximately 5.981 million tons of standard coal consumption and a decrease in CO2 emissions by about 16.425 million tons in 2022[27]. - The company has established a comprehensive radioactive waste management mechanism, ensuring that emissions of gaseous and liquid radioactive waste remain below national limits[183]. - The company invested approximately RMB 393.05 million in environmental protection measures, including RMB 328.10 million for spent fuel disposal and RMB 50.77 million for nuclear facility decommissioning reserves in 2022[181]. - The company has completed pollution discharge registration for its nuclear power plants, with valid periods extending to 2025 and 2026[175]. Safety and Compliance - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported in its history[35]. - The company emphasizes a commitment to safety and quality, aiming to align with international standards and continuously improve the safety performance of its nuclear power plants[93]. - The company has established emergency response plans for environmental incidents across all its nuclear power stations[179]. - The company is committed to continuous improvement in safety management and emergency preparedness in nuclear operations[151]. Governance and Management - The company has a highly experienced management team, with senior management having over 20 years of experience in the nuclear power industry[32]. - The board of directors includes experienced professionals with backgrounds in finance, engineering, and management, ensuring strong governance and oversight[122]. - The company has established a structured governance framework that clarifies management authority at all levels, enhancing accountability[166]. - The supervisory board confirmed that there were no violations of laws or regulations by the board of directors or management during the reporting period[152]. Community Engagement - The company has committed approximately RMB 40.38 million to social responsibility initiatives, including rural revitalization and disaster relief efforts in 2022[184]. - The company conducted over 100 clean energy science popularization activities, engaging nearly 5,000 volunteers and reaching over 1.1 billion views on social media for its clean energy initiatives[186]. - The company has engaged in community development initiatives, such as incorporating the Daya Bay Nuclear Power Base into a tourism route to promote local economic growth[187]. - The company facilitated over 8 million yuan in additional income for villagers through tourism and hospitality initiatives in Fujian Province[193].