LEP(SH:600644)2024-03-29 16:00Financial Performance - In 2023, the company achieved a net profit attributable to shareholders of 24,298,721.57 CNY, a decrease of 65.57% compared to 70,581,335.76 CNY in 2022[4] - The operating revenue for 2023 was 2,985,589,147.61 CNY, representing a year-on-year increase of 3.94% from 2,571,148,042.20 CNY in 2022[24] - The net cash flow from operating activities was 219,229,707.75 CNY, down 60.96% from 476,572,365.25 CNY in 2022[24] - The total assets at the end of 2023 amounted to 4,138,913,228.38 CNY, an increase of 1.78% from 4,066,477,066.14 CNY in 2022[24] - The net assets attributable to shareholders at the end of 2023 were 1,816,986,432.50 CNY, reflecting a slight increase of 1.48% from 1,790,441,106.94 CNY in 2022[24] - The company reported a net profit of 12,930,289.64 CNY after deducting non-recurring gains and losses, which is an increase of 7.25% from 12,056,006.92 CNY in 2022[24] - Basic earnings per share decreased by 65.57% to CNY 0.0451 in 2023 compared to CNY 0.1311 in 2022[25] - The weighted average return on equity fell by 2.67 percentage points to 1.35% in 2023 from 4.02% in 2022[25] Operational Highlights - The company added over 13,200 electricity users, 10,100 water users, and 12,000 gas users during the reporting period, driving supply and sales growth[34] - The total electricity sales volume reached 7.878 billion kWh, an increase of 22.21% year-on-year, with 930 agency users, up 34.58%[34] - The total power generation for 2023 was 52,192 million kWh, up 5.50% from 49,471 million kWh in 2022[51] - The comprehensive line loss rate for electricity was 5.12%, a decrease of 0.20 percentage points year-on-year[51] - The natural gas transmission loss was 1.63%, down 0.21 percentage points from the previous year[51] - The comprehensive water leakage rate decreased to 12.68%, a reduction of 0.07 percentage points compared to the previous year[51] Investment and R&D - Research and development expenses amounted to CNY 2,484,498.06, reflecting the company's increased investment in R&D during the reporting period[52] - The total R&D expenditure for the period was CNY 2,484,498.06, accounting for 0.08% of operating revenue[72] - The company has initiated 6 R&D projects with a dedicated R&D fund of CNY 2,480,000, focusing on enhancing the efficiency and safety of new energy equipment[74] - The company is investing in renewable energy technologies, aiming to allocate 10% of its annual budget towards R&D in this area[138] Governance and Compliance - The company maintains a governance structure that complies with regulatory requirements, ensuring clear responsibilities among the board, supervisory board, and management[123] - The company has no controlling shareholder, ensuring independent operations of its board and supervisory board[125] - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal and regulatory requirements[126] - The company has established a performance evaluation and incentive mechanism for senior management, linking their compensation to the achievement of operational targets set at the beginning of the year[128] - The company has implemented a comprehensive information disclosure management system, ensuring timely and accurate information dissemination to all shareholders[130] Future Outlook - The company plans to actively expand into new energy systems and markets, leveraging its professional advantages[100] - The expected national installed power generation capacity by the end of 2024 is projected to reach 3.25 billion kilowatts, with non-fossil energy sources accounting for approximately 57%[101] - The company aims to enhance its comprehensive energy business by focusing on solar energy, storage, and innovative products in the new power system[105] - The company aims to achieve a power generation of 52,000 million kWh and a sales volume of 480,000 million kWh in 2024[112] - The budget for 2024 projects a revenue of 302,833 million yuan and a total cost of 302,796 million yuan, resulting in a profit of 3,531 million yuan[112] Social Responsibility - The company provided a total of 1.89 million yuan in donations for various social responsibility projects, benefiting 650 individuals[194] - The company has committed 1.6 million yuan to support rural revitalization efforts in Ebian County[194] - In 2023, the company donated 600,000 yuan to support rural revitalization efforts in Xingxing Village, focusing on industrial development and cultural promotion[195] - The average annual income of poverty alleviation households increased by 14% year-on-year, reaching over 15,000 yuan for the first time[198] - The company achieved a 100% completion rate for the employment of 98 laborers from Xingxing Village, with their average annual income rising by 30%[198] Environmental Initiatives - The company invested 4.7279 million yuan in environmental protection during the reporting period[186] - The company reduced carbon emissions by 425,270 tons through the use of clean energy generation[190] - The company completed inter-provincial green electricity transactions of 133.35 MWh and international green certificate transactions of 133,600 units[191] - The company has invested in over 20 solar photovoltaic power stations with a total installed capacity of 1,887.63 MW by the end of 2023[192]