Financial Performance - The group's operating revenue for the six months ended June 30, 2023, was approximately RMB 39,275.82 million, an increase of 7.25% compared to the same period in 2022[1]. - Net profit attributable to shareholders of the parent company was approximately RMB 6,958.92 million, representing a growth of 17.91% year-on-year[1]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, was approximately RMB 6,952.49 million, up 21.50% from the previous year[1]. - Basic earnings per share for the six months ended June 30, 2023, was 0.138, compared to 0.117 for the same period in 2022[5]. - Total comprehensive income for the six months ended June 30, 2023, was approximately RMB 11,185.32 million, compared to RMB 9,198.34 million in the same period of 2022[5]. - The group reported a financial cost of approximately RMB 2,951.53 million, a decrease from RMB 3,257.84 million in the previous year[4]. - The group achieved an investment income of approximately RMB 970.78 million, compared to RMB 691.52 million in the same period last year[4]. - The company reported a total of RMB 696,082,853.15 in other income for the first half of 2023, compared to RMB 516,882,682.63 in the same period of 2022, reflecting an increase of around 34.7%[22]. - The company incurred a total income tax expense of RMB 2,160,861,154.44 for the first half of 2023, compared to RMB 1,752,783,720.63 in the same period of 2022, representing an increase of about 23.3%[26]. - The company experienced a credit impairment loss of RMB (59,972,096.38) in the first half of 2023, compared to RMB (47,527,989.97) in the same period of 2022, indicating a deterioration in credit quality[25]. Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 413.14 billion, an increase from RMB 409.02 billion as of December 31, 2022, reflecting a growth of approximately 1.1%[6]. - Current assets totaled RMB 72.94 billion, up from RMB 70.50 billion, indicating a growth of about 3.4%[6]. - Cash and cash equivalents increased to RMB 16.89 billion from RMB 14.84 billion, representing a rise of approximately 13.8%[6]. - Total liabilities decreased slightly to RMB 250.65 billion from RMB 251.08 billion, a reduction of about 0.2%[7]. - Short-term borrowings rose to RMB 12.26 billion from RMB 11.93 billion, marking an increase of approximately 2.8%[7]. - Long-term borrowings decreased to RMB 159.43 billion from RMB 160.07 billion, a decline of about 0.4%[7]. - Shareholders' equity increased to RMB 162.49 billion from RMB 157.93 billion, reflecting a growth of approximately 2.5%[7]. - The company reported a significant increase in inventory, which rose to RMB 18.14 billion from RMB 17.78 billion, an increase of about 2.0%[6]. - The total accounts receivable for combination 1 was RMB 14,008,113,398.21, with a bad debt provision of RMB 224,268,860.95, indicating a provision rate of 1.60%[33]. - The total amount of accounts payable overdue for more than one year was RMB 2,359,019,410.38 as of June 30, 2023, with major payables including RMB 1,579,895,441.04 to Mingyang Smart Energy Group Co., Ltd.[38]. Nuclear Power Operations - The group operated 27 nuclear power units with a total installed capacity of 30,568 MW, achieving a power generation of 105,918.06 GWh, which is a 14.09% increase compared to the same period in 2022[2]. - The power generation equivalent CO2 emissions reduction was approximately 87.28 million tons[2]. - The group is currently constructing 6 nuclear power units with a total installed capacity of 7,208 MW, all progressing as planned[2]. - The total electricity generated by the company's operational nuclear power stations reached 105,918.06 GWh in the first half of 2023, a 14.09% increase compared to 92,835.27 GWh in the same period of 2022[79]. - The Daya Bay Nuclear Power Station generated 8,306.12 GWh, a 7.26% increase from 7,744.09 GWh in the first half of 2022[79]. - The Fangchenggang Nuclear Power Station, which commenced commercial operation on March 25, 2023, contributed significantly to the overall performance[81]. - The company managed 27 operational nuclear units and 6 under construction units, with all operational units achieving safe and stable operation as of June 30, 2023[79]. - The average capacity factor of the 27 operating nuclear units was 90.59%, compared to 87.88% in the same period of 2022, representing an increase of 1.71 percentage points[82]. - The average load factor for the same period was 86.26%, up from 80.34% in the first half of 2022, indicating a growth of 5.92 percentage points[82]. - The company completed 7 planned refueling outages in the first half of 2023, totaling approximately 413 calendar days[81]. Environmental and Safety Initiatives - The company is committed to enhancing its safety culture and management systems through regular training and emergency drills[77]. - The company emphasizes safety management, maintaining a record of no Level 2 or above nuclear incidents in its operational history[77]. - The company maintained strict compliance with national regulations regarding radioactive waste management, ensuring emissions were well below national limits[86]. - The company plans to develop clean energy and reduce carbon emissions as part of its environmental initiatives[88]. - In the first half of 2023, the company reduced standard coal consumption by approximately 31.75 million tons and cut CO2 emissions by about 87.28 million tons[88]. Strategic Plans and Future Outlook - The company is focused on expanding its nuclear power production and related services, which is a key part of its growth strategy[8]. - The company plans to invest in ongoing nuclear power station construction, technical upgrades, and technology innovation in the second half of 2023[74]. - The company is actively exploring new technologies and models for comprehensive nuclear energy utilization to enhance market competitiveness[96]. - The company will closely track changes in the electricity market and improve its marketing system to secure better market electricity prices, targeting an average utilization hour for units not lower than the average of the past three years[106]. - The company aims to maintain stable operation of all operating units and plans to conduct 10 major overhauls in the second half of 2023[106]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per the listing rules for the six months ending June 30, 2023[108]. - The audit and risk management committee has reviewed and confirmed the interim performance announcement for the six months ending June 30, 2023[110]. - No interim dividend is recommended for the six months ending June 30, 2023, according to the company's dividend policy[107].
中广核电力(01816) - 2023 - 中期业绩