华润电力(00836) - 2022 - 年度业绩

Financial Performance - The company's net profit for 2022 was HKD 7.04 billion, an increase of HKD 4.90 billion or 229.4% compared to HKD 2.14 billion in 2021[1]. - Basic earnings per share for 2022 rose to HKD 1.46, up 229.4% from HKD 0.44 in 2021[1]. - The total revenue for 2022 was HKD 103.31 billion, compared to HKD 90.41 billion in 2021, reflecting a growth of approximately 14.2%[2]. - The operating profit for 2022 was HKD 13,551,079, significantly up from HKD 6,029,140 in 2021, reflecting a year-over-year increase of 125.5%[10]. - The net profit attributable to shareholders for 2022 was HKD 7,042,478, compared to HKD 2,137,849 in 2021, marking a growth of 229.5%[10]. - The company reported a profit before tax of HKD 9,461,474 in 2022, a substantial increase from HKD 2,391,416 in 2021, representing an increase of approximately 295%[14]. - The total comprehensive income attributable to the company’s owners for 2022 was HKD 193.93 million, down from HKD 562.21 million in 2021[22]. - The company reported a core business loss attributable to shareholders of HKD 6.06 billion in 2022, compared to a loss of HKD 2.98 billion in 2021[28]. Revenue and Sales - The electricity sales revenue reached HKD 95.29 billion in 2022, up from HKD 83.46 billion in 2021, reflecting a growth of 14.2%[26]. - The company achieved a total electricity sales volume of 184,604 GWh in 2022, a 4.1% increase from 2021[5]. - The average on-grid electricity price for subsidiary coal-fired power plants increased by 20.2% year-on-year[26]. Assets and Liabilities - The company’s total assets as of December 31, 2022, were HKD 283.39 billion, with net debt to equity ratio at 158.7%[3]. - Total equity decreased to HKD 100,553,548 in 2022 from HKD 107,662,881 in 2021, representing a decline of approximately 6.5%[13]. - The total liabilities rose to HKD 182,834,098 in 2022, up from HKD 180,304,471 in 2021, indicating a slight increase of about 1.4%[13]. - The net debt to equity ratio rose from 142.3% in 2021 to 158.7% in 2022, indicating a significant increase in leverage[51]. Capital Expenditure and Investments - The cash capital expenditure for 2022 was approximately HKD 35.11 billion, with significant investments in wind and solar projects[6]. - The company plans to invest approximately HKD 45 billion in capital expenditures for 2023, with HKD 30.6 billion allocated for wind and solar power projects[9]. - The company plans to add 40,000 MW of renewable energy capacity during the 14th Five-Year Plan period, aiming for over 50% of total capacity by the end of 2025[7]. Operational Efficiency - The total operating costs for 2022 were HKD 93.92 billion, up by HKD 6.81 billion or 7.8% from HKD 87.11 billion in 2021[29]. - Fuel costs rose to HKD 64.28 billion in 2022, an increase of 10.0% from HKD 58.44 billion in 2021, primarily due to a 10.6% rise in coal prices[29]. - The average unit fuel cost for coal-fired power plants was RMB 339.1 per MWh, up 10.9% from 2021[6]. Carbon Reduction and Renewable Energy - The company is actively pursuing carbon reduction initiatives, including the development of renewable energy and carbon capture technologies[8]. - The company aims to achieve a renewable energy installed capacity ratio and a reduction in power supply carbon emission intensity as key performance indicators for management[8]. - The installed capacity of the company at the end of 2022 was 67,814 MW, with renewable energy accounting for 32.3% of the total[4]. Workforce and Corporate Governance - As of December 31, 2022, the company employed 22,340 staff, an increase from 21,252 in 2021, indicating a growth in workforce[55]. - The company has included carbon reduction and renewable energy development in the performance contracts of its executive team, linking these to their performance evaluations[8]. - The auditor's report for the fiscal year ending December 31, 2022, was unqualified, indicating no significant issues with the financial statements[58]. Miscellaneous - The proposed final dividend for 2022 is HKD 0.376 per share, compared to HKD 0.045 per share in 2021[41]. - The group reported a net current liability of HKD 34.04 billion as of December 31, 2022, indicating sufficient operational funds to meet financial obligations for at least the next twelve months[44]. - The company completed the acquisition of 100% equity in Guangdong Runeng New Energy Co., Ltd. for approximately RMB 1.44 billion, enhancing its renewable energy scale with 440.3MW wind power projects primarily located in resource-rich regions[55].