Financial Performance - For the year ended December 31, 2023, the group's revenue was RMB 20,446.0 million, an increase of 2.08% compared to the previous year[2]. - The profit attributable to equity holders for the year was RMB 3,057.6 million, representing a growth of 7.60% year-on-year[2]. - Basic and diluted earnings per share for the year were RMB 37.09[3]. - Operating profit for the year was RMB 5,187.9 million, slightly up from RMB 5,170.9 million in the previous year[3]. - Total comprehensive income for the year was RMB 3,264.8 million, compared to RMB 2,996.1 million in the previous year[4]. - The company reported a net profit of RMB 3,235.2 million for the year, compared to RMB 3,023.4 million in the previous year[4]. - The company achieved operating revenue of RMB 20.446 billion and a pre-tax profit of RMB 4.144 billion, both reaching historical highs[54]. - Profit before tax increased by 7.81% to RMB 4,143.8 million in 2023, compared to RMB 3,843.5 million in 2022[90]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 13.98 per share, totaling RMB 1,152.6 million[2]. - The company approved a final dividend of RMB 0.1302 per share for the year ending December 31, 2023, totaling RMB 1,152,582,000, subject to shareholder approval[12]. - The company plans to distribute a final dividend of RMB 0.1398 per share for the year ended December 31, 2023, totaling approximately RMB 1,152.6 million[106]. Assets and Liabilities - Non-current assets increased to RMB 73,782.6 million from RMB 69,424.4 million year-on-year[5]. - The company's total assets amounted to RMB 93,594.4 million as of December 31, 2023[5]. - Total assets as of December 31, 2023, amounted to RMB 122,684,059,000, compared to RMB 116,591,048,000 in 2022, reflecting an increase of approximately 5.3%[30]. - The total liabilities as of December 31, 2023, were RMB 89,486,659,000, up from RMB 85,635,660,000 in 2022, which is an increase of about 4.3%[31]. - The company's net current liabilities improved to RMB (2,399,402) thousand from RMB (8,785,859) thousand, indicating a significant reduction in financial strain[6]. - The total liabilities decreased to RMB 22,211,211 thousand from RMB 27,361,729 thousand, a decline of 18.9%[6]. Revenue Segmentation - Revenue from customer contracts in the gas power and heating segment was RMB 10,462,089,000, while the wind power segment generated RMB 4,511,859,000, and the solar power segment contributed RMB 2,957,812,000 for the year ended December 31, 2023[20]. - Revenue from the gas power and heating segment increased by 0.82% to RMB 12,568.2 million, with electricity sales rising by 1.46% to RMB 10,462.1 million[70]. - Wind power segment revenue grew by 4.50% to RMB 4,511.9 million due to increased installed capacity[71]. - Solar power segment revenue increased by 8.74% to RMB 2,957.8 million, attributed to higher sales from new installations[72]. Operational Efficiency and Cost Management - The company reduced costs by over RMB 30 million through centralized procurement and improved operational efficiency, reducing on-site repetitive work by approximately 70%[57]. - Operating expenses rose by 2.95% to RMB 16,384.8 million, primarily due to increased costs associated with new wind and solar projects[75]. - Financial expenses decreased by 17.16% to RMB 1,243.4 million, reflecting a reduction in financing costs with the average interest rate dropping to 2.85%[88]. Clean Energy Initiatives - The company is focused on expanding its clean energy business, including gas power generation and renewable energy sources[8]. - The company plans to continue expanding its clean energy projects, with most operational projects already approved for price subsidies[49]. - The installed capacity of non-fossil energy power generation reached 157 million kW by the end of 2023, a year-on-year increase of 23.6%, surpassing 50% of the total installed capacity for the first time[52]. - The total installed capacity of wind and solar power reached 1,050 million kW by the end of 2023, a year-on-year increase of 38.2%[52]. Future Outlook and Strategic Goals - The company anticipates a profit target of RMB 4.1 billion for 2024, while facing an estimated impact of RMB 600-700 million due to the adjustment of electricity prices for gas-fired power plants[62]. - The company aims to achieve a non-fossil energy installed capacity target of 12.5 million kilowatts, striving to exceed a total installed capacity development goal of 17.35 million kilowatts[61]. - The company will focus on digital transformation, aiming to integrate "digital + energy" to improve management efficiency and data value[64]. - The company is actively pursuing the development of offshore wind power projects and aims to push forward major base projects in regions like Chengde and Xilingol[61]. Corporate Governance and Social Responsibility - The company has complied with all corporate governance codes as per the Hong Kong Stock Exchange regulations for the year ended December 31, 2023[110]. - The company has committed over RMB 30 million in social donations and has implemented more than 20 industry assistance projects, showcasing its corporate social responsibility[60]. - The company aims to enhance competitiveness and attract core talent through the stock appreciation rights plan, promoting long-term stable development[104].
京能清洁能源(00579) - 2023 - 年度业绩