2024-03-19 16:00Financial Performance - The operating revenue for 2023 was approximately RMB 254.40 billion, an increase of 3.11% compared to RMB 246.72 billion in 2022[17]. - The net profit attributable to shareholders of the listed company for 2023 was approximately RMB 8.45 billion, a significant increase of 214.33% from a net loss of RMB 7.39 billion in 2022[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 5.61 billion, up 159.56% from a net loss of RMB 9.42 billion in the previous year[17]. - The net cash flow from operating activities for 2023 was approximately RMB 45.50 billion, representing a 39.91% increase from RMB 32.52 billion in 2022[17]. - Basic earnings per share for 2023 reached CNY 0.35, a significant increase of 157.38% compared to a loss of CNY 0.61 in 2022[19]. - The weighted average return on equity improved to 11.25% in 2023, up 29.75 percentage points from -18.50% in 2022[19]. - The company reported a net cash flow from operating activities of CNY 19,900,291,669 in the third quarter of 2023[25]. - The diluted earnings per share for 2023 also stood at CNY 0.35, reflecting the same percentage increase as basic earnings per share[19]. - The net profit attributable to shareholders for the fourth quarter of 2023 was a loss of CNY 4,118,058,012, indicating a challenging end to the year[25]. - The company recorded a total revenue of CNY 65,289,446,465 in the third quarter of 2023[25]. Assets and Liabilities - The total assets at the end of 2023 were approximately RMB 541.16 billion, an increase of 7.67% from RMB 502.61 billion at the end of 2022[18]. - The net assets attributable to shareholders of the listed company at the end of 2023 were approximately RMB 132.14 billion, reflecting a growth of 21.75% from RMB 108.54 billion at the end of 2022[18]. - Accounts receivable increased to CNY 45.826 billion, accounting for 8.47% of total assets, up 15% year-on-year due to increased electricity receivables and renewable energy subsidies[62]. - Inventory decreased to CNY 11.899 billion, accounting for 2.20% of total assets, down 6% year-on-year due to lower domestic coal prices and increased coal stock[62]. - Fixed assets increased to CNY 307.867 billion, accounting for 56.89% of total assets, up 6% year-on-year due to infrastructure and technical reform projects being capitalized[62]. Dividends and Shareholder Returns - The company plans to distribute a dividend of RMB 0.20 per ordinary share, amounting to approximately RMB 313.96 million based on 15,698,093,359 shares[4]. - The company reported a cash dividend amount of ¥3,139,618,671.80, which represents 57.14% of the net profit attributable to ordinary shareholders in the consolidated financial statements[159]. Risk Management and Compliance - The company emphasizes risk management and has implemented effective measures to address potential risks identified in its annual comprehensive risk management report[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company received a standard unqualified audit report from Ernst & Young Hua Ming[3]. - The company has completed a comprehensive review of its compliance management system, ensuring adherence to regulatory standards[144]. - The company has established emergency response plans for environmental incidents, adhering to national and local requirements[175]. Operational Efficiency and Cost Management - Operating costs decreased to CNY 223.58 billion, down 6.54% year-on-year[45]. - The average fuel cost for coal-fired power plants was 326.43 RMB/MWh, down 12.38% year-on-year due to improved coal supply and demand dynamics[33]. - The company’s financing capabilities remain strong, with a low cost of capital and a well-established governance structure[40]. - The company has reported a significant increase in operational efficiency metrics, contributing to overall profitability[122]. Research and Development - The company secured 617 invention patents, 3,239 utility model patents, and 320 international patents during the year[39]. - The company reported a total R&D investment of ¥16.10 billion, accounting for 0.63% of total revenue[56]. - The number of R&D personnel reached 12,263, representing 21.49% of the total workforce[57]. - The company is focusing on research and development of new technologies, with an investment of 106.7 million allocated for innovation initiatives[121]. Environmental and Social Responsibility - The company invested 169.202 million yuan in environmental protection during the reporting period[167]. - Total investment in social responsibility projects amounted to CNY 27.89 million, including disaster relief and public welfare donations[185]. - The company is committed to ongoing research and development in emissions reduction technologies to further minimize environmental impact[169]. - The company has implemented CO2 capture and storage technology to improve its carbon reduction capabilities[182]. Governance and Management - The company has established a governance structure with over 50% external directors and one-third independent directors on the board[115]. - The company has received multiple awards for its governance practices and investor relations management, enhancing its reputation in the capital market[112]. - The company has undergone significant changes in its board composition, with multiple new appointments and elections occurring on December 5, 2023[141]. - The company has a structured system in place for decision-making on significant matters, ensuring compliance with laws and regulations[115]. Future Outlook and Strategic Initiatives - Future guidance suggests an expected revenue growth of 10% for the next fiscal year[127]. - The company plans to enhance R&D investment and accelerate the transformation of technological achievements for high-quality development[60]. - The company aims to achieve a low-carbon clean energy installed capacity ratio of approximately 45% by the end of the 14th Five-Year Plan[101]. - The company is exploring potential acquisitions in the renewable energy sector to enhance its market position[131].