闽东电力(000993) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached ¥1,503,585,794, representing a 105.37% increase compared to ¥732,138,725 in 2022[25]. - The net profit attributable to shareholders for 2023 was ¥234,511,926, an increase of 27.23% from ¥183,962,586 in 2022[25]. - The net profit after deducting non-recurring gains and losses was ¥228,482,375, reflecting an 81.97% increase from ¥125,204,963 in 2022[25]. - The basic earnings per share for 2023 was ¥0.51, up 27.50% from ¥0.40 in 2022[25]. - The total operating revenue for 2023 was ¥1,503,585,794.81, representing a 105.37% increase from ¥732,138,725.53 in 2022[52]. - The revenue from the electricity sector was ¥474,530,854.41, down 16.28% from ¥566,808,335.03[53]. - The revenue from the real estate sector surged to ¥1,019,869,818.32, a significant increase of 551.30% from ¥156,589,714.25[53]. - The company reported a significant increase in revenue, achieving a total of 10 billion CNY for the fiscal year 2023, representing a growth of 15% year-over-year[115]. Asset and Liability Management - The total assets at the end of 2023 were ¥3,381,496,175, a decrease of 23.75% from ¥4,433,906,130 at the end of 2022[25]. - The net assets attributable to shareholders increased by 10.86% to ¥2,457,062,868 from ¥2,215,595,510 in 2022[25]. - Cash and cash equivalents decreased to ¥310.91 million, representing 9.19% of total assets, up from 8.41% at the beginning of the year, an increase of 0.78%[71]. - Accounts receivable decreased to ¥210.41 million, accounting for 6.22% of total assets, an increase of 1.37% from 4.85% at the beginning of the year[71]. - Inventory decreased significantly to ¥285.64 million, now 8.45% of total assets, down from 23.62%, a decrease of 15.17% due to the completion of residential and commercial properties[71]. - Fixed assets accounted for 51.75% of total assets at ¥1.75 billion, up from 40.67%, an increase of 11.08% attributed to the reclassification of certain properties[72]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 82.55% to ¥66,644,022 from ¥381,806,706 in 2022[25]. - The company plans to distribute a cash dividend of ¥2 per 10 shares, totaling approximately ¥91,580,291 based on 457,951,455 shares[5]. - The distributable profit for 2023 after deducting the legal reserve was 222,487,339.67 CNY, with a remaining undistributed profit of 130,897,048.67 CNY[147]. - The company reported a cash dividend of 2 CNY per 10 shares, totaling 91,590,291 CNY, which represents 100% of the total profit distribution amount[147]. Operational Efficiency - The company completed hydropower generation of 78,836,000 kWh, a decrease of 22.33% compared to the same period last year, primarily due to reduced rainfall[36]. - The company completed wind power generation of 37,795,000 kWh, a decrease of 8.42% year-on-year, attributed to lower wind speeds[36]. - The average utilization hours for power plants decreased to 2,072 hours from 2,567 hours year-on-year[47]. - The company aims to enhance production efficiency through digitalization and improved operational management, maintaining equipment availability rates above 90%[46]. Strategic Initiatives - The company has established a long-term cooperation relationship with major stakeholders to promote clean energy projects in the Ningde region[43]. - The company plans to accelerate the development of offshore wind power projects, including the Xiapu offshore wind power project and the Ningde deep-water project[99]. - The company is focusing on strategic cooperation for distributed photovoltaic projects in the Ningde region, aligning with rural revitalization strategies[99]. - The company has initiated new projects, including a "mushroom + photovoltaic" demonstration project and a rooftop distributed photovoltaic project[48]. Governance and Compliance - The company has established a governance structure based on the Articles of Association, with a clear division of responsibilities among the shareholders' meeting, board of directors, management, and supervisory board[107]. - The board of directors disclosed a total of 84 announcements, ensuring timely and accurate information disclosure in compliance with relevant regulations[109]. - The company was rated as Grade A in investor relations management by the Fujian Provincial Association of Listed Companies for the 2022-2023 period, reflecting effective communication with investors[110]. - The company has successfully maintained compliance with relevant laws and regulations throughout the reporting period[136]. Employee and Community Engagement - The total number of employees at the end of the reporting period is 1,590, with 1,208 in the parent company and 382 in major subsidiaries[142]. - The company has implemented a training plan focusing on enhancing technical skills and safety knowledge for frontline employees in 2023[144]. - The company has invested a total of 230,000 yuan in various community support and public welfare initiatives throughout the year[157]. - Eight executives from the company have been assigned to assist 15 impoverished households in Fengtou Town, Shicheng Village, achieving poverty alleviation for all[157]. Future Outlook - The company has provided a positive outlook for 2024, projecting a revenue growth of 12% and aiming to reach 11.2 billion CNY[117]. - The management has provided an optimistic outlook, projecting a revenue growth of 10% for the next fiscal year, driven by increased demand for clean energy solutions[123]. - The company plans to invest in offshore wind power projects, with an estimated investment of 1 billion yuan over the next three years[123].