Financial Performance - The group achieved a revenue of approximately RMB 105.96 billion in 2022, an increase of about 4.74% compared to 2021[2]. - The group reported a net loss attributable to equity holders of approximately RMB 0.31 billion for the year, with a basic loss per share of approximately RMB 0.094[2]. - The operating loss for 2022 was approximately RMB 4.18 billion, a reduction of about 71.03% from the previous year, primarily due to the implementation of national energy supply policies and other comprehensive factors[16]. - The group's investment income in 2022 was approximately RMB 0.09 billion, a significant decrease from RMB 6.565 billion in 2021, mainly due to one-time gains from the integration of new energy assets in the previous year[30]. - The company's net loss for the year was RMB 922,106 thousand, compared to a net loss of RMB 5,137,740 thousand in 2021, indicating a significant improvement in financial performance[61]. - The total revenue for the year 2022 was RMB 107,058,536 thousand, an increase from RMB 104,607,537 thousand in 2021, representing a growth of approximately 2.4%[102]. - The total operating costs for 2022 were RMB 113,165,508 thousand, down from RMB 118,196,477 thousand in 2021, indicating a decrease of about 4.3%[102]. Dividend and Shareholder Information - The board proposed a final cash dividend of RMB 0.2 per share, totaling approximately RMB 1,973.97 million, subject to shareholder approval[3]. - The proposed cash dividend is expected to be paid on or before August 25, 2023, pending approval at the upcoming annual general meeting[3]. - The proposed final dividend for the year is RMB 0.20 per share, down from RMB 0.25 per share in 2021, totaling RMB 1,973,972 thousand for 2022 compared to RMB 2,467,465 thousand in 2021[92]. - The approved and distributed final dividend for the previous accounting year was RMB 0.25 per share, amounting to RMB 2,467,465 thousand for 2022, slightly up from RMB 2,465,744 thousand in 2021[93]. Operational Capacity and Generation - In 2022, the total electricity generation of the group was 220.93 million MWh, representing a year-on-year increase of approximately 0.54%[2]. - The group operates 44 power generation enterprises with a total installed capacity of approximately 54,754.24 MW, including 43,700 MW from coal-fired power and 8,589.05 MW from gas-fired power[4]. - The group added a total of 1,401.69 MW of new power generation capacity from January 1, 2022, to the announcement date, including 1,000 MW from coal-fired generation and 56 MW from hydropower[17]. - For 2023, the group expects to achieve an electricity generation of approximately 220 billion kWh, with stable utilization hours for power generation equipment[22]. - The group aims to enhance operational quality and efficiency while focusing on energy supply, transformation, and compliance management as part of its development strategy[21]. Assets and Liabilities - The group's total borrowings as of December 31, 2022, were approximately RMB 97.388 billion, with a debt-to-asset ratio of about 67.80%[36]. - As of December 31, 2022, total non-current assets amounted to RMB 197,572 million, an increase from RMB 192,870 million in 2021, reflecting a growth of approximately 2.3%[63]. - Current liabilities totaled RMB 63,091 million in 2022, a decrease from RMB 65,662 million in 2021, indicating a reduction of about 4%[64]. - The company's total equity was RMB 73,028 million in 2022, down from RMB 76,347 million in 2021, reflecting a decrease of about 4.2%[65]. - The company's total assets as of December 31, 2022, were RMB 61,430,552 thousand, down from RMB 63,794,436 thousand in 2021, indicating a decrease of about 3.7%[105]. Cost Management and Expenses - The company's operating expenses for 2022 amounted to RMB 110,144,333 thousand, a decrease from RMB 115,610,359 thousand in 2021, reflecting a reduction of about 4.0%[60]. - Fuel costs in 2022 were approximately RMB 82.866 billion, an increase of about 10.95% year-on-year, primarily due to rising coal and natural gas prices[29]. - The total depreciation and amortization expenses amounted to RMB 10,037,498 thousand in 2022, down from RMB 11,505,464 thousand in 2021, a decrease of approximately 12.8%[85]. - The total amount of accounts payable and notes payable rose to RMB 16,606,208 thousand in 2022, up from RMB 14,793,426 thousand in 2021, indicating an increase of about 11.0%[91]. Strategic Focus and Development - The company is focusing on green and sustainable development, actively promoting the implementation of the "14th Five-Year" development plan and carbon peak action plan[23]. - The company is exploring new business models in energy storage and smart energy to adapt to policy changes and investment uncertainties[25]. - The company plans to invest approximately RMB 13 billion in 2023 for power generation projects, environmental protection, and energy-saving technology upgrades[22]. - The company aims to improve coal procurement strategies and increase supply security and price control capabilities[23]. Governance and Compliance - The company emphasizes compliance with corporate governance standards as per the Company Law and Securities Law of the People's Republic of China[52]. - The audit committee consisted of five members, including two non-executive directors and three independent non-executive directors, ensuring a robust governance structure[54]. - The company has established strict internal guidelines for securities trading by directors, supervisors, and employees, exceeding the requirements of the Hong Kong Listing Rules[54].
华电国际电力股份(01071) - 2022 - 年度业绩