Financial Performance - For the year ended December 31, 2022, the group's revenue was RMB 20,030.3 million, an increase of 7.43% compared to the previous year[2]. - The profit attributable to equity holders for the year ended December 31, 2022, was RMB 2,846.9 million, representing a growth of 12.57% year-on-year[2]. - Basic and diluted earnings per share for the year ended December 31, 2022, were RMB 34.53[3]. - Operating profit for the year was RMB 5,170.9 million, up from RMB 4,827.9 million in the previous year[3]. - The total comprehensive income for the year was RMB 3,001.3 million, compared to RMB 2,651.0 million in the previous year[4]. - The company reported a total of RMB 1,055.4 million in other income for the year, up from RMB 904.0 million in the previous year[3]. - The company’s finance costs for the year were RMB 1,500.97 million, an increase from RMB 1,372.97 million in the previous year[3]. - The income tax expense for the year ended December 31, 2022, was RMB 814,876,000, up from RMB 615,604,000 in 2021, indicating a rise of 32.4%[42]. - The pre-tax profit for the year ended December 31, 2022, was RMB 3,843,500,000, compared to RMB 3,284,905,000 in 2021, showing an increase of 17.0%[44]. - The company achieved a net profit of RMB 3,028.6 million in 2022, an increase of 13.46% from RMB 2,669.3 million in 2021[68]. Dividends - The board proposed a final dividend of RMB 12.02 cents per share, totaling RMB 990.99 million[2]. - The company approved a final dividend of RMB 0.1202 per share for the year ended December 31, 2022, totaling RMB 990,990,000, which is an increase from RMB 580,167,000 for the previous year[46]. - The final dividend is subject to approval at the annual general meeting scheduled for June 29, 2023, with payment expected around August 10, 2023[103]. - The company will withhold a corporate income tax of 10% on dividends distributed to non-resident corporate shareholders[103]. - H-share individual shareholders are exempt from paying personal income tax on the final dividend due to the company's status as a foreign-invested enterprise[103]. - The company will suspend H-share transfer registration from June 26 to June 29, 2023, and from July 7 to July 12, 2023, to determine shareholder eligibility for the annual general meeting and dividend[104]. Assets and Liabilities - Non-current assets as of December 31, 2022, amounted to RMB 69,418.7 million, an increase from RMB 66,903.4 million in the previous year[5]. - Cash and cash equivalents as of December 31, 2022, were RMB 5,466.4 million, compared to RMB 5,219.1 million in the previous year[5]. - As of December 31, 2022, total liabilities amounted to RMB 27,361,729 thousand, a decrease of 6.1% from RMB 29,140,638 thousand in 2021[6]. - Non-current liabilities increased to RMB 28,199,158 thousand, up 9.1% from RMB 25,727,819 thousand in 2021[7]. - The company's total equity reached RMB 32,433,679 thousand, representing an increase of 4.1% from RMB 31,171,750 thousand in 2021[7]. - Current liabilities included trade and other payables of RMB 6,974,153 thousand, an increase of 15.2% from RMB 6,050,917 thousand in 2021[6]. - The company reported a net current liability of RMB (8,785,859) thousand, an improvement from RMB (10,003,782) thousand in 2021[6]. - The total assets reported for the group amounted to RMB 116,591,048 thousand, with the highest assets in wind power at RMB 37,735,948 thousand[25]. - The group reported total liabilities of RMB 85,635,660 thousand, with gas power and heating liabilities at 6,906,363 thousand[25]. - The total financial expenses for the year ended December 31, 2022, amounted to RMB 1,500,967,000, compared to RMB 1,372,967,000 in 2021, reflecting an increase of 9.3%[41]. Revenue Generation - The group generated revenue from customer contracts of RMB 19,897,598,000 for the year ended December 31, 2022, compared to RMB 18,496,300,000 for the previous year[19]. - Total revenue from customer contracts reached RMB 19,897,598 thousand, with significant contributions from gas power and heating (RMB 12,465,830 thousand) and wind power (RMB 4,317,645 thousand)[20]. - Total revenue from external customers reached RMB 18,645,255,000, with a significant contribution from the China National Grid Corporation accounting for 78% of total revenue[34][35]. - The revenue from electricity sales was RMB 17,717,738 thousand, with a breakdown of RMB 10,311,704 thousand from gas power and heating[20]. - The company confirmed revenue recognition upon the transfer of control of electricity and heat, typically within 60 days post-supply[21]. Operational Highlights - The total installed capacity of the company reached 13.719 million kW, an increase of 10.2% year-on-year[55]. - Total power generation for the year was 36.63 billion kWh, with renewable energy generation at 17.59 billion kWh, a year-on-year increase of 31.0%[56]. - The company has nearly 3 million kW of self-developed projects under construction and over 1.5 million kW of projects approved but not yet started[57]. - The company has over 40,000 kW of completed acquisition projects and a project reserve exceeding 28 million kW[57]. - The company plans to accelerate the development of nearly 3 million kW projects in 2023, focusing on wind and solar power projects in Inner Mongolia and Guangxi[64]. - The digital transformation initiative aims to enhance operational efficiency by integrating all project data into a smart monitoring system, facilitating real-time performance optimization[65]. - The company will actively participate in market electricity trading to expand green electricity trading scale and improve revenue models[67]. Strategic Focus - The company is engaged in clean energy businesses, including gas power generation and renewable energy, indicating a strategic focus on sustainable growth[8]. - The company is actively exploring opportunities in hydrogen energy, energy storage, and offshore wind power to adapt to macroeconomic changes and industry trends[101]. - The company is closely monitoring policy changes affecting the renewable energy sector to mitigate risks associated with potential subsidy reductions and market reforms[102]. - The company is committed to enhancing safety management and environmental protection measures to ensure sustainable development[66]. - The company aims to become a leading provider of clean energy services in the capital, focusing on high-quality and sustainable growth in 2023[63]. Compliance and Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the year ended December 31, 2022[105]. - All directors and supervisors confirmed compliance with the standard code for securities transactions during the reporting period[106]. - Deloitte Touche Tohmatsu has reviewed the consolidated financial statements for the year ended December 31, 2022, but did not provide an audit opinion[107]. - The audit committee has reviewed the annual performance and financial statements prepared in accordance with international financial reporting standards[108]. - The annual results announcement is available on the Hong Kong Stock Exchange's website and the company's website[108].
京能清洁能源(00579) - 2022 - 年度业绩