2023-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2023 was CNY 39,275,824,322.89, representing a 7.25% increase compared to CNY 36,622,093,484.82 in the same period last year[12]. - The net profit attributable to shareholders for the first half of 2023 was CNY 6,958,915,466.46, an increase of 17.91% from CNY 5,904,498,333.83 in the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,952,486,668.33, reflecting a 21.50% increase from CNY 5,724,735,515.70 in the same period last year[12]. - The net cash flow from operating activities was CNY 15,679,972,549.89, up 21.21% from CNY 12,936,515,886.58 in the previous year[12]. - The basic and diluted earnings per share for the first half of 2023 were CNY 0.138, representing a 17.95% increase from CNY 0.117 in the same period last year[12]. - The weighted average return on equity for the first half of 2023 was 6.34%, an increase of 0.63 percentage points from 5.72% in the previous year[12]. - The company's operating revenue for the first half of 2023 reached approximately 39.276 billion yuan, a 7.25% increase year-on-year, and the net profit attributable to shareholders was about 6.959 billion yuan, up 17.91%[25]. - The total comprehensive income for the first half of 2023 was CNY 11.19 billion, compared to CNY 9.20 billion in the previous year, reflecting an increase of 21.6%[144]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 413,138,877,744.94, a 1.01% increase from CNY 409,015,565,449.93 at the end of the previous year[12]. - The total liabilities decreased to CNY 49,948,188,189.65, a reduction of 4.61% from the previous year[58]. - The company's asset-liability ratio decreased to 60.67%, down by 0.72 percentage points from the end of the previous year[134]. - The total current liabilities amounted to CNY 78.11 billion, compared to CNY 76.13 billion, representing an increase of about 2.61%[138]. - The total equity attributable to shareholders increased to CNY 109.87 billion from CNY 107.03 billion, an increase of about 2.65%[138]. Operational Efficiency - The average capacity factor for the 27 operational units in the first half of 2023 was 90.59%, compared to 87.88% in the same period of 2022, indicating improved operational efficiency[31]. - The average load factor for the same period was 86.26%, up from 80.34% in the first half of 2022, reflecting better utilization of the nuclear units[31]. - The average utilization hours for the operational units were 3,747 hours in the first half of 2023, compared to 3,490 hours in the same period of 2022, showing an increase in operational time[31]. - The company completed 7 scheduled refueling outages in the first half of 2023, with a total duration of approximately 413 days[29]. Nuclear Power Generation - The company manages 27 operational nuclear units and 6 under construction, with a total installed capacity of 37,776 MW, accounting for 45.87% of the national total[17]. - In the first half of 2023, the company's nuclear power stations generated a total of 105.918 billion kWh, representing 53.25% of the national nuclear power generation[17]. - The cumulative electricity generation from the company's subsidiaries was 82.166 billion kWh, up 10.27% year-on-year, while the joint venture's generation was 23.752 billion kWh, an increase of 29.65%[25]. - The Daya Bay Nuclear Power Station generated 83.06 billion kWh in the first half of 2023, a 7.26% increase from 77.44 billion kWh in the same period of 2022[28]. - The Ningde Nuclear Power Station produced 156.74 billion kWh, marking an 11.21% increase from 140.94 billion kWh year-on-year[28]. - The Fangchenggang Nuclear Power Station saw a significant increase in output, generating 104.65 billion kWh, up 36.10% from 76.89 billion kWh in the same period of 2022[28]. Environmental Initiatives - The company achieved a reduction of approximately 31.7542 million tons of standard coal consumption and a decrease in CO2 emissions of about 87.2765 million tons in the first half of 2023[18]. - The company actively engages in environmental initiatives, promoting clean energy development and reducing carbon emissions[37]. - The company has implemented measures to reduce carbon emissions, including promoting zero-carbon electricity usage and expanding nuclear heating projects, which have resulted in a reduction of 57,260 tons of standard coal and 14,100 tons of CO2 emissions annually[88]. - The company has established environmental monitoring plans and conducted effective monitoring of the nuclear power plants' internal and external environments, with no abnormal changes reported[87]. Research and Development - The company has established a research and development system with a national engineering technology center and five national energy research innovation platforms, focusing on advanced nuclear technologies[21]. - Research and development investment for the first half of 2023 was approximately RMB 1.11 billion, a decrease of 5.05% from RMB 1.17 billion in the same period last year, mainly due to differences in the progress of research projects[52]. - The company invested approximately RMB 1.11 billion in research and development in the first half of 2023, focusing on the domestic production of key systems and components in the nuclear energy industry[92]. Safety Management - The company has implemented a comprehensive safety management system, ensuring high operational safety standards across its nuclear facilities[19]. - The company maintained a good safety record, with no Level 2 or above nuclear incidents reported as per the International Nuclear Event Scale (INES) during the first half of 2023[29]. - The company emphasizes continuous improvement in safety management and operational efficiency, with ongoing safety inspections and emergency drills conducted throughout its nuclear power bases[29]. Market Strategy - The company is actively participating in market reforms and aims to secure better trading prices and larger market shares in the evolving energy landscape[24]. - The company plans to expand its market presence, particularly in Guangdong, where operating revenue was CNY 21,195,747,058.15, despite a 6.90% decrease year-on-year[55]. - The company plans to actively develop large market users to secure more grid electricity sales amid market reforms[75]. Community Engagement - The company actively engages in community development and supports rural revitalization initiatives in regions such as Guangxi, Guangdong, and Fujian, improving local living standards[96]. - The company organized 10+ volunteer service activities, including medical consultations and environmental protection initiatives, as part of its "Party Building + Rural Revitalization" efforts[100]. - The company invested CNY 17.6 million in 9 targeted poverty alleviation projects in Guangxi, Guangdong, and Fujian during the first half of 2023[98]. Financial Management - The company has approximately RMB 191.06 billion in unused bank credit facilities, ensuring sufficient cash support for operations and reducing cash flow volatility[48]. - The total amount of foreign currency borrowings decreased by approximately RMB 219 million compared to the end of 2022, reflecting effective management of foreign exchange debt exposure[48]. - The company reported a derivative trading loss of approximately RMB 68.24 million during the reporting period[65]. - The company has established derivative trading management regulations to enhance risk management and control[66].