GOLDWIND(SZ:002202)2024-03-28 16:00Financial Performance - The total operating revenue for 2023 was CNY 50,457,189,147.74, representing an increase of 8.66% compared to 2022[12]. - The net profit attributable to shareholders of the listed company decreased by 44.16% to CNY 1,330,997,963.11 from CNY 2,383,432,917.84 in 2022[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,285,485,594.34, down 35.32% from the previous year[12]. - The net cash flow from operating activities was CNY 1,854,041,184.75, a decrease of 68.48% compared to CNY 5,881,321,189.73 in 2022[12]. - Basic and diluted earnings per share were both CNY 0.2879, down 44.67% from CNY 0.5203 in the previous year[12]. - The weighted average return on net assets was 3.45%, a decrease of 2.93% from 6.38% in 2022[12]. - The company reported a cash flow from operating activities of CNY 6,576,218,152.88 in the fourth quarter, indicating a recovery in cash generation[16]. - The company achieved a revenue of RMB 5,045,718.91 million and a net profit attributable to the parent company of RMB 133,099.80 million in 2023[40]. - The company’s wind power segment generated revenue of CNY 49,093,966,046.74, representing an 8.71% increase compared to the previous year[58]. - The company’s wind farm development revenue surged by 57.96% to CNY 10,915,397,489.53, driven by the successful implementation of the power station product sales model[59]. Assets and Liabilities - Total assets at the end of 2023 were CNY 143,494,599,670, an increase of 4.88% from CNY 136,822,377,970 at the end of 2022[12]. - The company’s net assets attributable to shareholders decreased by 1.27% from the previous year, amounting to CNY 37,609,898,971.17[17]. - The total cash and cash equivalents decreased by RMB 2,208,607,903.17 in 2023, representing a decline of 132.95% year-on-year[71]. - Accounts receivable amounted to RMB 25,548,001,235.08, representing 17.80% of total assets, a slight increase from 17.75% year-on-year[73]. - Inventory increased to RMB 15,257,241,921.89, accounting for 10.63% of total assets, up from 7.20% at the beginning of the year[73]. - Long-term borrowings were RMB 28,150,614,439.84, representing 19.62% of total assets, a decrease from 20.73% at the beginning of the year[73]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.0 per 10 shares, totaling CNY 422,506,764.70 based on 4,225,067,647 shares[2]. - The company distributed a cash dividend of RMB 507,008,117.64 to shareholders, with a dividend payout ratio of 100% of the total distributable profit of RMB 1,908,471,498.58[149]. - The cash dividend per 10 shares was set at RMB 1.20, approved by the shareholders' meeting on June 20, 2023[146]. Market Position and Growth - The company maintained a domestic market share of 20% with a new installed capacity of 15.67 GW in China, ranking first for 13 consecutive years[41]. - The global new installed capacity reached 16.4 GW, with a market share of 13.90%, also ranking first globally[41]. - The company is focusing on expanding its market presence and enhancing its product offerings in the renewable energy sector[113]. - The company is actively involved in new product and technology development to maintain competitive advantage in the market[114]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[119]. Research and Development - The company reported a total R&D investment of 2,264,684,567.32 CNY in 2023, which is a 1.94% increase from 2,221,529,197.73 CNY in 2022[70]. - The R&D investment as a percentage of operating revenue decreased to 4.49% in 2023 from 4.78% in 2022[70]. - Investment in R&D has increased by 30%, focusing on innovative technologies in wind energy[125]. - The company has developed over 1,300 courses in its wind power knowledge tree to enhance employee training and professional skills[145]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system in accordance with GB/T 24001-2017 standards[160]. - The company has implemented measures to ensure compliance with pollution discharge standards, achieving emissions below the specified limits[162]. - The company is committed to maintaining compliance with environmental standards to mitigate water pollution[164]. - The company has implemented advanced treatment technologies to enhance wastewater management efficiency[164]. - The "Wind and Rain in China" rural teacher training program has benefited over 100,000 rural students across 27 provinces, with more than 1,200 teachers trained[182]. Governance and Compliance - The company maintains independence from any controlling shareholders, ensuring autonomy in operations and governance[103]. - The governance structure includes a board with 9 members, including 3 independent directors, promoting effective decision-making[101]. - The company has established a robust internal control system to enhance operational governance and compliance[101]. - The company reported zero significant defects in financial reporting and one important defect in non-financial reporting during the audit period[156]. - The company has implemented the new accounting policy effective from January 1, 2023, with no significant impact on the financial statements[187]. Strategic Initiatives - The company plans to enhance its core competitiveness and achieve high-quality development by focusing on five key business areas, including onshore and offshore wind power[95]. - The company will utilize a combination of self-owned funds and bank loans to meet its operational funding needs for 2024, ensuring strong debt repayment capability[96]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 2 billion RMB earmarked for potential deals[125]. - The company has implemented the "Quality Return Dual Improvement" action plan to enhance corporate quality and investment value, disclosed on February 6, 2024[100].