Financial Performance - Revenue from electricity sales increased to RMB 453 million, representing a 9.8% growth compared to RMB 412.6 million in the previous year [17] - Revenue for the year ended December 31, 2023, was RMB 4,360,280 thousand, a decrease of 15.2% from RMB 5,146,301 thousand in 2022 [41] - The company reported a basic loss per share of RMB (0.009) for the year ended December 31, 2023, compared to a profit of RMB 0.017 in the previous year [39] - The net profit attributable to the owners of the company was a loss of RMB 22,743 thousand, compared to a profit of RMB 43,418 thousand in the previous year [42] - The company reported a total comprehensive loss of RMB 5,590 thousand for the year, compared to a comprehensive income of RMB 1,724 thousand in 2022 [56] - Basic and diluted earnings per share for the year were RMB (0.009), down from RMB 0.017 in 2022 [42] - For the year ended December 31, 2023, total revenue decreased by RMB 786 million or 15.3% to RMB 4,360.3 million from RMB 5,146.3 million in 2022 [105] - Gross profit for the year ended December 31, 2023, decreased by RMB 130.2 million or 11.6% to RMB 994.9 million from RMB 1,125.1 million in 2022 [105] Assets and Liabilities - Total assets and net assets of Zhuhai Jiudui as of October 28, 2023, were RMB 113.67 million and RMB 5.848 million, respectively [4] - Total assets increased to RMB 21,638,452 thousand from RMB 19,400,334 thousand, representing an increase of 11.5% [58] - The company's outstanding bank and other loans amounted to approximately RMB 8.966 billion, with effective interest rates ranging from 4.5% to 6.5% [82] - The total assets and net assets of Tongyu Qiang Wind Power Co., Ltd. at the time of sale were RMB 840,201,000 and RMB 51,096,000, respectively [62] Expenses - Administrative expenses decreased by RMB 75.8 million or 19.8% compared to the previous year [22] - The company’s distribution expenses decreased by RMB 23.3 million or 34.1%, aligning with the overall revenue decline [81] Capital Expenditures - Capital expenditures for the year amounted to RMB 1,097.6 million, down from RMB 1,132.9 million in the previous year, primarily for wind and solar photovoltaic projects [24] - The capital expenditure for the year 2023 was RMB 543,365,000, down from RMB 1,166,586,000 in 2022 [84] Revenue Segmentation - Revenue from the facade and green building segment decreased by 1.8%, with a gross margin decline from 9.7% to 8.0% [18] - Revenue from construction services was RMB 1,671.7 million, accounting for 38.34% of total revenue, while product sales increased significantly to RMB 1,851.5 million, representing 41.64% of total revenue [104] - Solar EPC business revenue increased by 64.8% to RMB 614.7 million, with gross margin rising from 0.9% to 7.7% [78] - Electricity sales revenue grew by 10.8% in 2023, with a stable gross margin of 59.2% compared to 59.7% in 2022 [108] Dividends and Recommendations - The company does not recommend a final dividend for the year ending December 31, 2023, consistent with the previous year [11] - The company did not declare any dividends for the year ended December 31, 2023, compared to RMB 45.2 million distributed in 2022 [99] Acquisitions and Sales - Zhuhai Jiudui New Energy Technology Co., Ltd. increased its equity stake to 90% for a cash consideration of RMB 82 million, resulting in a gain of RMB 10.298 million recognized in "other income" [4] - Hunan Green Energy acquired 51% equity in Shui Fa Clean Energy for a total subscription price of RMB 503,774,500 (approximately HKD 569,265,185) on March 29, 2023 [61] - Tongyu Gaodengsai Power Co., Ltd. sold 100% equity of Tongyu Qiang Wind Power Co., Ltd. to Qingdao Chengtai Green Energy Co., Ltd. for RMB 67,000,000, generating a profit of RMB 15,904,000 [62] - The company recognized a gain of RMB 19,669 thousand from the sale of subsidiaries during the year [47] Other Information - The company has no significant post-reporting date events to disclose as of the approval date of the financial statements [30] - The company holds a cumulative project scale of approximately 955 MW, including distributed and centralized photovoltaic power stations in mainland China and one overseas solar power station [108] - The company’s subsidiaries in mainland China can enjoy a preferential tax rate of 15% due to their qualification as high-tech enterprises [97] - The company did not experience any dilution effect as the exercise price of share options was higher than the average market price of its shares [100] - The company has not made any acquisitions or significant market expansions during the reporting period [115] - The company’s financial performance has been reviewed by its audit committee, ensuring compliance with financial reporting standards [118]
水发兴业能源(00750) - 2023 - 年度业绩