Financial Performance - The company achieved revenue of approximately RMB 3,313.3 million in 2022, representing a year-on-year growth of about 4.5%[31]. - The pre-tax profit for the year was approximately RMB 361.5 million, reflecting a year-on-year increase of about 12.6%[31]. - The net profit for 2022 was approximately RMB 302.5 million, which is a year-on-year growth of about 11.7%[31]. - The net profit attributable to equity shareholders of the parent company was approximately RMB 301.4 million, marking a year-on-year increase of about 11.8%[31]. - The company reported a basic earnings per share of RMB 0.28 for 2022, compared to RMB 0.25 in 2021[7]. - The company's operating revenue for the year ended December 31, 2022, was RMB 3,313,256,211.05, an increase of 4.46% compared to RMB 3,171,673,615.54 in 2021[192]. - The total profit for the year was RMB 361,545,939.02, up 12.58% from RMB 321,194,989.19 in the previous year[192]. - Net profit for 2022 reached RMB 302,548,693.75, representing a growth of 11.65% compared to RMB 270,917,104.67 in 2021[192]. - The company's investment income increased significantly to RMB 13,121,964.93, compared to RMB 5,468,716.24 in 2021, marking a growth of 139.66%[192]. Revenue Sources - Revenue from power engineering construction services and related businesses reached RMB 400.9 million, accounting for 12.1% of the main business revenue as of December 31, 2022[35]. - The company's main business revenue increased by approximately 4.5% from about RMB 3,165.8 million in 2021 to approximately RMB 3,309.6 million in 2022, primarily due to the growth in general power supply and power engineering construction services[42]. - Revenue from incremental power distribution business decreased by approximately 21.4% from about RMB 489.1 million in 2021 to approximately RMB 384.4 million in 2022, mainly due to a reduction in the scale of this business in 2022[43]. - General power supply business generated approximately RMB 2,524.3 million in revenue, accounting for about 76.3% of the main business revenue[60]. Operating Costs and Expenses - The total operating expenses for 2022 amounted to RMB 4,996,447.16, significantly higher than RMB 842,045.57 in 2021[6]. - The main business operating costs increased by approximately 4.7% from about RMB 2,617.7 million in 2021 to about RMB 2,740.9 million in 2022, primarily due to the expansion of general power supply operations[71]. - Operating costs for general power supply business increased by approximately 11.5% from RMB 1,840.4 million in 2021 to RMB 2,052.8 million in 2022, accounting for about 74.9% of total operating costs[88]. - The total operating costs for 2022 were RMB 2,740,916,362.02, up from RMB 2,619,736,947.46 in 2021, reflecting an increase of 4.61%[192]. Assets and Liabilities - The total assets at the end of 2022 amounted to approximately RMB 5,026.3 million, reflecting the company's investment in infrastructure and equipment[49]. - The total liabilities as of December 31, 2022, amounted to RMB 1,962,792,662.13, an increase from RMB 1,635,553,773.87 in 2021[195]. - The company's fixed assets as of December 31, 2022, amounted to approximately RMB 3,062.95 million, an increase from approximately RMB 2,785.05 million as of December 31, 2021[78]. - The company's intangible assets rose from approximately RMB 128.1 million in 2021 to RMB 149.5 million in 2022, mainly due to the acquisition of new land[99]. Investment and Future Plans - The company planned to invest RMB 991 million in power grid construction for the year, with an expected completion of RMB 876 million, achieving a completion rate of 88.41%[38]. - The group plans to accelerate the construction of high-voltage power networks with a total investment of RMB 300.5 million, expected to be completed by the end of 2023[111]. - The company plans to allocate 40% of the net proceeds from the global offering, approximately RMB 152.2 million, for the acquisition of power-related assets[105]. - The company aims to further develop its business in electricity sales, distributed energy, engineering construction, and integrated energy services due to the economic growth in the Sichuan province[55]. Dividends - The proposed final dividend for 2022 is RMB 0.12 per share, totaling RMB 128,922,924.00, consistent with the previous year's dividend[51][52]. - The final dividend will be subject to a 10% withholding tax for individual H-share shareholders residing in countries with a tax agreement with China that stipulates a lower tax rate[135]. - For individual H-share shareholders from countries without a tax agreement, a 20% withholding tax will be applied[136]. - The final dividend for H-share shareholders will be paid in HKD at a rate of HKD 0.13716 per share, based on the average exchange rate prior to the dividend declaration date[160]. Governance and Compliance - The company has adhered to the corporate governance code throughout the reporting period from January 1, 2022, to December 31, 2022[180]. - The audit committee has reviewed the financial statements for the year ended December 31, 2022, and confirmed compliance with applicable accounting standards and sufficient disclosure[171]. - The company is committed to maintaining transparency and accountability in its financial reporting and governance practices[171]. - The company has adopted the corporate governance code as its governance framework, ensuring compliance with all relevant provisions[180]. Safety and Risk Management - The company is committed to enhancing safety production measures and improving risk management in power distribution facilities[151]. - The company invested approximately RMB 4.2 million to rectify 2,044 safety hazards identified throughout the year[65]. - The company established a comprehensive safety production mechanism and signed the 2022 safety production responsibility letter, enhancing safety management capabilities[65]. Employee and Operational Management - Employee costs for the year amounted to approximately RMB 454.9 million, with a total of 2,828 full-time employees as of December 31, 2022[125]. - The company has implemented a 100% open recruitment ratio for new personnel and a 100% competitive coverage rate for management positions, promoting a market-oriented employment mechanism[71]. - The company aims to strengthen operational management with a focus on efficiency and service improvement for users[152]. Market and Strategic Development - The company aims to enhance power market development by improving customer quality and increasing marketing oversight, with a focus on eliminating mixed pricing and enhancing operational management[130]. - The company is committed to advancing power grid development, addressing issues such as insufficient power sources and bottlenecks, and plans to establish a new type of power grid with 220 kV as the backbone[132]. - The company is actively expanding financing channels and innovating financing methods to improve capital utilization efficiency and investment returns[130]. - The company is focusing on comprehensive energy development, leveraging local government resources to enhance core business and support market expansion[132].
四川能投发展(01713) - 2022 - 年度业绩