2024-03-27 16:00Financial Performance - The net profit attributable to shareholders for 2023 is RMB 6,200,378,263, with a proposed cash dividend of RMB 1,860,113,479, representing 30% of the net profit[2]. - The planned cash dividend per share is RMB 0.2225 (before tax), based on a total of 8,359,816,164 shares issued[2]. - The profit distribution proposal is subject to approval at the shareholders' meeting[2]. - The company's operating revenue for 2023 was approximately ¥37.64 billion, a decrease of 5.57% compared to ¥39.86 billion in 2022[15]. - Net profit attributable to shareholders for 2023 reached approximately ¥6.25 billion, representing an increase of 22.27% from ¥5.11 billion in 2022[15]. - The net cash flow from operating activities was approximately ¥13.88 billion, a significant decrease of 53.10% compared to ¥29.61 billion in 2022[16]. - Basic and diluted earnings per share for 2023 were both ¥0.7272, reflecting a 24.54% increase from ¥0.5840 in 2022[16]. - The total assets of the company at the end of 2023 were approximately ¥229.26 billion, an increase of 2.67% from ¥222.90 billion at the end of 2022[16]. - The net assets attributable to shareholders at the end of 2023 were approximately ¥77.09 billion, an increase of 3.07% from ¥68.81 billion at the end of 2022[16]. - The company's return on equity (ROE) for 2023 was 9.11%, up from 8.10% in 2022[16]. Operational Highlights - The company's operating revenue for the fourth quarter was CNY 9,533,265,683.10, with a total annual revenue of CNY 37,682,913,685.70, reflecting a year-on-year increase of approximately 5.2%[22]. - The net cash flow from operating activities for the fourth quarter was CNY 7,893,465,269.34, showing a significant recovery compared to a negative cash flow of CNY -2,038,280,879.22 in the third quarter[22]. - The company reported a total of CNY 36,818,764.51 in government subsidies for the current year, an increase from CNY 26,798,416.82 in the previous year, indicating a growth of approximately 37.5%[24]. - The total non-operating income for the current year amounted to CNY 6,483,088.63, a significant recovery from a loss of CNY -633,224,850.27 in the previous year[24]. - The company recorded a total electricity consumption of 92,241 billion kWh in 2023, representing a year-on-year growth of 6.7%[26]. - The average utilization hours of power generation equipment in large power plants decreased by 101 hours year-on-year to 3,592 hours, with coal-fired power generation increasing by 92 hours to 4,685 hours[26]. Renewable Energy Development - The newly added power generation capacity in 2023 was 370 million kilowatts, with wind power and solar power accounting for 58.5% of the total new capacity[27]. - By 2030, the goal is for renewable energy to account for over 40% of installed capacity and over 20% of power generation[27]. - The National Energy Administration aims for annual new solar thermal power installations to reach approximately 3 million kilowatts during the 14th Five-Year Plan period[28]. - The renewable energy power consumption responsibility weight for 2023 is set as a binding indicator, with provinces required to ensure compliance[29]. - The issuance of green certificates for renewable energy will cover all renewable energy projects, with one certificate corresponding to 1,000 kilowatt-hours of renewable energy[29]. - The company achieved a significant increase in renewable energy generation, with other renewable sources generating 4,553,052 MWh, a year-on-year increase of 159.83%[33]. Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[12]. - The company is focusing on digital transformation and has built the largest digital platform for renewable energy production globally, managing over 580 billion data points daily[49]. - The company is actively pursuing new energy and hydrogen-based energy projects, leveraging the trend in hydrogen industry development[47]. - The company plans to enhance operational efficiency, targeting a 5% reduction in operational costs through process optimization[120]. - The company is considering strategic acquisitions to enhance its portfolio, with potential targets identified in the renewable energy sector[120]. Governance and Management - The company has a clear and independent governance structure, ensuring compliance with relevant laws and regulations, and maintaining operational independence from its controlling shareholder[104]. - The company has established a robust investor communication mechanism, including monthly power generation announcements and annual performance briefings[100]. - The company has maintained a strong focus on corporate governance, with all directors fulfilling their duties diligently and in accordance with legal requirements[133]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users, reaching a total of 5 million[120]. - The company has experienced a significant management turnover, with multiple appointments and resignations in 2023[115]. Environmental Responsibility - The company adheres to strict environmental regulations, ensuring that all major pollutants meet the standards set by Jiangsu Province[156]. - The company has completed ultra-low emission transformations for sulfur dioxide, nitrogen oxides, and particulate matter across all its coal-fired units, passing environmental inspections[159]. - The company is committed to green and low-carbon development, aligning with national environmental protection policies[156]. - The company has established a comprehensive environmental management system to fulfill its environmental responsibilities and improve data quality[161]. - The company conducted effective monitoring of various environmental parameters in compliance with national and industry standards[162]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[120]. - The company plans to enhance its support for Youyu County in 2024, focusing on rural infrastructure and agricultural quality improvement[164]. - The company anticipates that the installed capacity of renewable energy will exceed 200 million kilowatts in 2024, indicating a strong growth trajectory[86]. - The company plans to start new renewable energy projects with a total capacity of 10 million kW and to put into operation 7.5 million kW in 2024[94].