Financial Performance - Total operating revenue for the year ended December 31, 2023, was RMB 4,160,192,577.95, representing a 25.6% increase from RMB 3,313,256,211.05 in 2022[4] - Net profit attributable to shareholders for 2023 was RMB 338,999,671.13, up from RMB 301,441,634.66 in 2022, reflecting a growth of 12.5%[6] - Operating profit for the year was RMB 403,216,949.73, which is a 14.4% increase from RMB 352,547,689.30 in the previous year[4] - Basic and diluted earnings per share for 2023 were RMB 0.32, compared to RMB 0.28 in 2022, showing an increase of 14.3%[6] - The company achieved a total revenue of RMB 4,160,192,577.95 in 2023, compared to RMB 3,313,256,211.05 in 2022, marking an increase of 25.6%[47] - The total profit amounted to approximately RMB 409.2 million, reflecting a year-on-year increase of about 13.2%[95] - Net profit reached approximately RMB 342.0 million, with a year-on-year growth of about 13.0%[95] Assets and Liabilities - The company's total assets as of December 31, 2023, amounted to RMB 6,324,835,385.59, compared to RMB 5,148,010,911.31 in 2022, indicating a year-over-year increase of 22.9%[9] - The total liabilities increased to RMB 2,920,998,154.61 in 2023 from RMB 1,962,792,662.13 in 2022, marking a significant rise of 48.9%[17] - The total equity attributable to shareholders increased to RMB 3,355,293,837.13 in 2023 from RMB 3,147,365,694.96 in 2022, reflecting a growth of 6.6%[9] - The company reported a significant increase in accounts payable, totaling RMB 786,663,444.29 in 2023, compared to RMB 598,916,839.30 in 2022, reflecting a rise of approximately 31.4%[38] - Total liabilities for 2023 amounted to RMB 1,562,998,347.56, compared to RMB 1,372,829,099.02 in 2022, indicating a rise of about 13.8%[42] - The company reported a significant increase in prepayments to RMB 59,193,472.70 in 2023, compared to RMB 14,919,626.24 in 2022, reflecting a growth of about 296.5%[42] Revenue Sources - The company’s revenue from power supply contracts was RMB 3,681,784,222.54 in 2023, compared to RMB 2,908,759,220.60 in 2022, marking an increase of 26.5%[25] - Revenue from general power supply business was approximately RMB 3,323.0 million, accounting for about 80.0% of the main business revenue[100] - Revenue from incremental power distribution business was approximately RMB 358.8 million, representing about 8.6% of the main business revenue[100] - Revenue from power engineering construction services and related businesses was approximately RMB 470.0 million, accounting for about 11.3% of the main business revenue[100] - The company experienced a significant increase in revenue from large industrial customers, which rose by 97.6% to RMB 1,699,788,921.94 in 2023[73] Operational Metrics - The company sold 6,320,659 MWh of electricity in 2023, a 38.9% increase compared to 4,550,360 MWh in 2022[73] - The number of household electricity sales increased to 1,696,378 MWh in 2023, reflecting an 11.6% growth from 1,520,280 MWh in 2022[73] - The average accounts receivable turnover days increased from approximately 46.9 days in 2022 to 52.6 days in 2023, primarily due to adjustments in the meter reading cycle[169] Investments and Future Plans - The company plans to distribute a final dividend of RMB 0.13 per share for the fiscal year ending December 31, 2023, compared to RMB 0.12 per share in 2022[88] - The company aims to expand its power generation capacity by advancing projects in Sichuan Province, including pumped storage and natural gas power generation[162] - The company plans to enhance its power grid by upgrading key equipment and accelerating the construction of major grid projects, including three 220 kV projects[162] - The company plans to allocate 40% of its IPO proceeds, approximately RMB 152.2 million, for acquiring power-related assets[177] - The planned investment for the fiscal year 2024 is approximately RMB 1,502.0 million, including RMB 295.8 million for basic network construction and RMB 438.1 million for fixed asset renewal and transformation[184] Financial Management - The company reported a net financial expense of RMB 13,309,483.67 in 2023, an increase from RMB 8,557,733.92 in 2022, reflecting a rise of approximately 55.5%[50] - Financial expenses increased from approximately RMB 8.6 million in 2022 to RMB 13.3 million in 2023, mainly due to increased bank loans for grid asset investments[118] - The company utilized RMB 150.0 million in bank acceptance bills and letters of credit to centralize payments to upstream suppliers, reducing overall financing costs[170] Governance and Compliance - The company has adhered to the corporate governance code from January 1 to December 31, 2023[200] - The company is committed to improving safety standards and governance mechanisms to ensure effective operation and compliance with regulatory requirements[190]
四川能投发展(01713) - 2023 - 年度业绩