GDG(SH:600098)2024-04-09 16:00Financial Performance - The company's operating revenue for 2023 was CNY 46,754,699,285.32, a decrease of 2.29% compared to 2022[16]. - Net profit attributable to shareholders for 2023 reached CNY 1,637,917,641.83, representing a 20.98% increase year-on-year[16]. - The net cash flow from operating activities was CNY 2,863,036,540.24, down 23.45% from the previous year[16]. - The total assets at the end of 2023 amounted to CNY 74,014,050,570.08, an increase of 19.39% compared to the end of 2022[16]. - Basic earnings per share for 2023 were CNY 0.4694, up 20.92% from 2022[17]. - The weighted average return on equity increased to 6.6236% in 2023, up 1.05 percentage points from the previous year[17]. - The total operating cost for the year was 44.4 billion RMB, reflecting a reduction of 5.74% year-on-year[46]. - The net profit attributable to the parent company was 1.64 billion RMB, indicating a stable performance despite revenue decline[46]. - The company achieved a total operating revenue of 46.797 billion RMB, with operating costs amounting to 41.717 billion RMB, resulting in a gross profit margin of 10.5%[53]. - Operating profit increased by 56.28% year-on-year to 2.346 billion RMB, driven by higher sales volumes and prices in thermal power and natural gas sectors[1]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.5 CNY per 10 shares, totaling 876,717,677 CNY (including tax) to shareholders[4]. - The cash dividend amount (including tax) for the reporting period was 876,717,677 RMB, which represents 53.53% of the net profit attributable to ordinary shareholders of the listed company in the consolidated financial statements[151]. - The total cash dividends distributed accounted for 53.53% of the net profit attributable to ordinary shareholders, amounting to 876,717,677 RMB[151]. - The company executed its 2022 profit distribution plan in strict accordance with its articles of association, ensuring clear and transparent dividend standards and procedures[148]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The management has confirmed the authenticity, accuracy, and completeness of the annual report[2]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[5]. - The company has not disclosed any significant changes in its governance structure or major operational strategies[7]. - The company has established a comprehensive internal control system that effectively covers major operational and management activities, ensuring compliance with national laws and regulations[157]. - The company has implemented a management structure that enhances internal control and risk management across its subsidiaries[157]. - The company has established several specialized committees, including the Audit Committee and the Nomination Committee, to enhance governance[137]. - The company has a robust independent governance structure, ensuring separation from the controlling shareholder in terms of assets, personnel, finance, and operations[112]. - The company has been recognized for its governance, receiving an A rating for information disclosure from the Shanghai Stock Exchange and multiple awards for best practices in corporate governance and ESG[110]. Environmental and Social Responsibility - The company reported a total environmental protection investment of 168.8847 million yuan during the reporting period[160]. - The company achieved a dust emission concentration of 4.33 mg/Nm³ with a total emission of 97.99 tons, which is below the regulatory limit of 20 mg/Nm³[161]. - Nitrogen oxides emissions were recorded at 43.57 g/Nm³ with a total of 955.84 tons, also below the limit of 100 mg/Nm³[161]. - Sulfur dioxide emissions were 24.09 g/Nm³ totaling 565.44 tons, compliant with the standard of 50 mg/Nm³[161]. - The company maintained a 100% operational rate for its dust removal facilities, achieving a dust removal efficiency of 99.91%[163]. - The company has implemented advanced pollution control technologies to achieve ultra-clean or ultra-low emissions from its coal-fired boilers[163]. - The company has invested in the construction of natural gas 9H level generator sets and distributed energy stations, enhancing its clean energy project portfolio[170]. - The company is actively involved in building a natural gas distributed energy station project to support local energy needs[176]. - The company invested a total of RMB 2.2782 million in social welfare donations and sponsorships during the reporting period, benefiting approximately 60,000 people[175]. - The company contributed RMB 1.1998 million to rural revitalization projects, directly benefiting 72,030 individuals through various initiatives[180]. Strategic Initiatives and Future Plans - The company aims to build a leading green and low-carbon comprehensive intelligent energy enterprise group in China[1]. - The company is focused on achieving carbon neutrality by 2060, aligning its strategies with national energy security and climate goals[100]. - The company plans to enhance energy infrastructure, focusing on large-scale wind and solar bases in desert areas and improving oil and gas supply capabilities[99]. - The company aims to increase the proportion of non-fossil energy consumption to over 25% by 2030, with renewable energy generation becoming the main power source[98]. - The company is actively pursuing market expansion and technological upgrades to enhance operational efficiency and competitiveness[86]. - The company plans to accelerate the development of new energy projects and expand its international presence in the energy market[106]. - The company is focusing on technological innovation, particularly in areas such as smart energy, hydrogen energy, and energy storage, with significant investments planned[107]. - The company plans to allocate 834.54 million RMB for capital expenditures in 2024, focusing on equity investments and new expansion projects[85]. - The company is expanding its market presence, targeting an increase in market share by 5% in the next year[124]. Operational Highlights - The installed capacity of renewable energy exceeded 4 million kilowatts, a year-on-year increase of 69%[23]. - The total electricity generation for the reporting period reached 18.958 billion kWh, with on-grid electricity volume at 17.853 billion kWh, representing year-on-year growth of 13.30% and 13.34% respectively[27]. - The company completed coal sales of 41.106 million tons, marking a year-on-year increase of 12.77%[27]. - The natural gas supply volume reached 5.1 billion cubic meters, showing a significant year-on-year growth of 51%[27]. - The company added 163,000 kW of new grid-connected capacity in the renewable energy sector, with total renewable energy generation reaching 4.685 billion kWh, and sales volume at 4.583 billion kWh, both up by approximately 38.59% and 38.61% year-on-year[28]. - The company completed an investment of 8.626 billion yuan in key projects, reflecting a year-on-year increase of 9.31%[30]. - The company achieved a total of 277.8 kilometers of pipeline laying in the natural gas utilization phase IV project, enhancing gas supply capacity[31]. - The company has established a comprehensive energy industry chain, integrating production, procurement, sales, storage, transportation, and utilization[41]. - The company is involved in the development of green low-carbon comprehensive smart energy, energy finance, and other related businesses, providing various energy products and services[40].