2023年年度报告 公司代码：600023 公司简称：浙能电力 浙江浙能电力股份有限公司 2023 年年度报告 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 20,023,654,859.74, representing a year-on-year increase of 13.45%[4] - Net profit attributable to shareholders was CNY 1,815,129,771.68, a significant increase of 79.62% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 1,758,119,195.63, marking a 110.76% increase year-on-year[4] - Basic and diluted earnings per share were both CNY 0.14, reflecting a growth of 75.00%[6] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided data[18] - In Q1 2024, the company reported a net profit of ¥1,940,532,357.52, a significant increase from ¥1,061,266,302.68 in Q1 2023, representing an increase of approximately 83.5%[20] - Total revenue from operating activities reached ¥23,449,862,013.51, compared to ¥17,763,689,489.61 in the same period last year, marking a growth of about 32.5%[22] - The total comprehensive income for Q1 2024 was ¥2,213,037,914.69, significantly higher than ¥942,696,529.50 in Q1 2023, representing an increase of about 134%[21] - The total comprehensive income for Q1 2024 was CNY 1.46 billion, an increase from CNY 860.69 million in Q1 2023[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 147,696,576,738.38, a slight increase of 0.31% from the end of the previous year[6] - Non-current assets totaled ¥106,654,515,013.95, an increase from ¥104,796,878,969.40 in the previous period[16] - Total assets amounted to ¥147,696,576,738.38, compared to ¥147,240,775,217.75 previously, indicating a slight growth[17] - Current liabilities decreased to ¥30,153,444,005.42 from ¥32,057,206,295.07, a reduction of approximately 5.9%[16] - Non-current liabilities slightly decreased to ¥35,202,791,262.29 from ¥35,216,314,631.10, showing a marginal decline[17] - The total liabilities decreased to ¥3,658,762,240.14 in Q1 2024 from ¥3,842,654,045.24 in Q4 2023[25] Cash Flow - The company's cash flow from operating activities was CNY 1,795,774,115.80, with a year-on-year increase of 240.13%[10] - The net cash flow from operating activities for Q1 2024 was ¥1,795,774,115.80, a significant improvement compared to the negative cash flow of ¥1,281,505,859.93 in Q1 2023[23] - The cash flow from operating activities was negative at CNY -148.69 million in Q1 2024, slightly improved from CNY -149.13 million in Q1 2023[30] - The company experienced a net cash outflow from investing activities of CNY -786.29 million in Q1 2024, compared to CNY -2.64 billion in Q1 2023[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 118,275[11] - Zhejiang Energy Group Co., Ltd. holds 9,312,667,001 shares, accounting for 69.45% of the total shares[11] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[12] - There are no outstanding shares involved in margin trading or securities lending as of the end of the reporting period[12] Operational Efficiency - The company plans to continue enhancing operational efficiency and cash flow management to support future growth[10] - The company has no new strategies or significant operational changes to report for the current quarter[13] Expenses - Total operating costs for Q1 2024 were ¥19,177,521,271.91, up from ¥17,690,151,653.40 in Q1 2023, reflecting a rise of 2.8%[18] - Research and development expenses increased to ¥75,542,857.75 from ¥52,197,384.77, showing a rise of approximately 44.7%[20] - The company's financial expenses, including interest expenses, totaled ¥316,082,114.17, slightly up from ¥299,715,373.34, reflecting a 5.5% increase[20] - The company's tax expenses for the quarter were ¥200,957,552.06, compared to ¥151,484,854.16 in Q1 2023, reflecting a rise of about 32.6%[20] - The company reported a tax expense of CNY 1.49 million in Q1 2024, up from CNY 684,343 in Q1 2023[27]

证券代码：600023 证券简称：浙能电力 公告编号：2024-010 浙江浙能电力股份有限公司 全资及控股发电企业 2024 年第一季度发电量完成情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据浙江浙能电力股份有限公司（以下简称"公司"）统计，2024 年第一季度，公司全资 及控股发电企业按合并报表口径完成发电量 3,834,795.73 万千瓦时，上网电量 3,637,842.11 万 千瓦时，同比分别上涨 17.79%和 17.99%。 2024 年 4 月 19 日 公司电量上升的原因主要是浙江省全社会用电量增长及同比新增乐清电厂三期 2 台机组。 公司全资及控股发电企业 2024 年 1-3 月发电量及上网电量数据如下： | 分类 | 省份 | 电厂名称 | 发电量 | 上网电量 | | --- | --- | --- | --- | --- | | | | | （万千瓦时） | （万千瓦时） | | 火电 | 浙江 | 台州发电厂 | 150,673.16 | 139,001.10 | | | ...

证券代码：600023 证券简称：浙能电力 公告编号：2024-011 浙江浙能电力股份有限公司 关于召开 2023 年度暨 2024 年第一季度 会议召开时间：2024 年 04 月 30 日（星期二）15:00-16:00 会议召开地点： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2024 年 04 月 23 日（星期二）至 04 月 29 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目进行提问。公司 将在说明会上对投资者普遍关注的问题进行回答。 （一）会议召开时间：2024 年 04 月 30 日 15:00-16:00 （二）会议召开地点：上证路演中心 业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 浙江浙能电力股份有限公司（以下简称"公司"）将于 2024 年 4 月 30 日在 上海证券交易所网站（www.sse.co ...

证券代码：600023 证券简称：浙能电力 公告编号：2024-009 浙江浙能电力股份有限公司 关于财务总监辞职的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 浙江浙能电力股份有限公司（以下简称"公司"）董事会于近日收到公司财 务总监费惠士的书面辞职报告。费惠士因工作变动，辞去财务总监职务。根据相 关法律法规及《公司章程》的规定，费惠士的辞职报告自送达董事会之日起生效。 辞职后，费惠士不在公司担任任何职务。 费惠士的辞职不会影响公司正常生产经营。公司将按照相关规定尽快完成财 务总监的选聘工作，并及时履行信息披露义务。为保证公司相关工作的有序开展， 在聘任新财务总监前，由公司董事长虞国平代行财务总监职责。 特此公告。 浙江浙能电力股份有限公司董事会 2024 年 3 月 30 日 ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 6.63 CNY per share based on a 1.3x PB valuation for 2024 [4]. Core Views - The company is the largest power generation enterprise in Zhejiang Province and the only listed platform for thermal power under the Zhejiang Energy Group. As of the end of 2022, the company had a controlled installed capacity of 33.11 GW, with coal and gas power accounting for 87% and 12% respectively. The company’s power generation and installed capacity account for over 50% of the province's regulated power plants [2][11]. - The company reported a net loss of 1.8 billion CNY in 2022, but is expected to achieve a net profit of 6.106 to 7.318 billion CNY in 2023, a significant year-on-year increase of 79.35% to 91.47% [2][20]. - The company anticipates a recovery in dividends, with a historical dividend payout ratio exceeding 50% from 2015 to 2020. If the performance midpoint and a 50% payout ratio are considered, the current dividend yield is nearly 5% [2][20]. - The company’s return on equity (ROE) is expected to remain high, with a projected increase in net assets of over 20% [2][20]. Summary by Sections 1. Coastal Thermal Power Leader with High ROE Expectation for Dividends and Net Asset Growth - The company is the largest power generation enterprise in Zhejiang Province and the only listed thermal power platform under the Zhejiang Energy Group, controlling 73.22% of shares as of Q3 2023 [11][12]. - The company’s thermal power profit is rebounding, with a significant recovery in 2023 expected due to falling coal prices and improved long-term coal contract performance [2][20]. - High ROE is anticipated to drive rapid net asset growth, with net assets projected to reach 964 million CNY [2][20]. 2. Tight Power Supply and Stable Power Generation - The company’s thermal power generation is expected to increase, with a forecast of 1,632 billion kWh in 2023, a year-on-year increase of 7.4% [2][20]. - The company’s average on-grid electricity price in 2022 was 0.435 CNY per kWh, reflecting an 18.5% year-on-year increase [16][23]. 3. Stable Income from Nuclear Power and New Energy Ventures - The company has a stable income from its nuclear power investments, contributing nearly 1.4 billion CNY in investment income in 2022 [2][23]. - The acquisition of Zhonglai Co. in February 2023 is expected to contribute additional profit growth, with Zhonglai achieving a net profit of 480 million CNY in Q1-Q3 2023, a year-on-year increase of 40.9% [2][20]. 4. Profit Forecast and Investment Recommendations - The company’s projected net profits for 2023, 2024, and 2025 are 6.870 billion CNY, 8.117 billion CNY, and 9.423 billion CNY respectively, with corresponding PE ratios of 10.74, 9.09, and 7.83 [2][20]. - The report emphasizes the company’s potential for accelerated public utility transformation and recommends a "Buy" rating based on its strong fundamentals and market position [2][4].

3月4日，三大指数盘中走低，绿电ETF（562550）低开高走，盘中拉升，持仓股浙能电力、申能股份、 华能水电、赣能股份、闽东电力、福能股份等持续走强。 消息面上，七部门关于加快推动制造业绿色化发展的指导意见中提出，充分发挥国家产融合作平台作 用，依托扩大制造业中长期贷款投放专项工作机制，建立健全金融资源支持制造业绿色低碳转型的常态 化工作机制，建立绿色低碳技术改造项目库和标杆企业库，加大绿色金融、转型金融支持力度，用好碳 减排支持工具等结构性货币政策工具，健全全国碳排放权交易市场配套制度，研究有序扩大行业覆盖范 围，协调推进碳排放权交易、用能权交易、绿电绿证交易等市场建设。 绿电ETF（562550）及其场外联接(018734/018735)跟踪中证绿色电力指数，不仅包括以水电、风电及光 伏发电为代表的清洁能源企业，同时也纳入了火电、核电等能源转型样本。国企含量高达92%， 长江证券认为，当前新能源产业链正值政策发力，市场企稳、外部环境倒逼以及电企提升市值管理重要 性的多重因素共振背景之下，行业迎来极佳的配置机遇。 ...

一、董事会会议召开情况 浙江浙能电力股份有限公司（以下简称"公司"）第四届董事会第二十九次 会议于 2024 年 1 月 30 日以通讯方式召开。本次会议应出席董事 9 人，实际出席 董事 9 人。会议召开符合有关法律、行政法规、部门规章、规范性文件和公司章 程的有关规定。 二、董事会会议审议情况 证券代码：600023 证券简称：浙能电力 编号：2024-008 浙江浙能电力股份有限公司 第四届董事会第二十九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 本次会议对各项议案进行逐项审议并表决，形成如下决议： 1、审议通过《关于选举董事会审计委员会委员的议案》 同意选举倪晨凯为第四届董事会审计委员会委员，担任审计委员会召集人。 表决情况：9 票同意，0 票反对，0 票弃权。 2、审议通过《关于选举董事会薪酬与考核委员会委员的议案》 同意选举倪晨凯为第四届董事会薪酬与考核委员会委员，担任薪酬与考核委 员会召集人。 表决情况：9 票同意，0 票反对，0 票弃权。 特此公告。 浙江浙能电力股份有限公司董事会 2024 ...

金杜律师事务所 KING&WODD MALIESONS 浙江省杭州市拱墅区香积寺路350号 英蓝中心Bank Tower第19层 邮编:310014 19th Floor,Bank Tower,Winland Center No.350 Xiangiisi Road Gongshu District,Hangzhou Zheiiang 310014 P.R. China T +86 571 5671 8000 F +86 571 5671 8008 www.kwm.com 北京金杜(杭州)律师事务所 关于浙江浙能电力股份有限公司 2024年第一次临时股东大会之 法律意见书 致:浙江浙能电力股份有限公司 北京金杜(杭州)律师事务所(以下简称本所)接受浙江浙能电力股份有 限公司(以下简称公司)委托,根据《中华人民共和国证券法》(以下简称《证 券法》)、《中华人民共和国公司法》(以下简称《公司法》)、中国证券监督管理 委员会《上市公司股东大会规则(2022年修订)》(以下简称《股东大会规则》) 等中华人民共和国境内(以下简称中国境内,为本法律意见书之目的,不包括 中国香港特别行政区、中国澳门特别行政区和中国台湾地区 ...

证券代码：600023 证券简称：浙能电力 公告编号：2024-007 浙江浙能电力股份有限公司 2024 年第一次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 17 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 10,643,719,330 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 79.3790 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议由公司董事长虞国平先生主持，采取现场投票与网络投票相结合的方式 进行表决。会议的召开符合《公司法》和《公司章程》等有关规定。 (一) 股东大会召开的时间：2024 年 1 月 23 日 (二) 股东大会召开的地点：浙江省杭州市西湖区西溪路 616 号杭州西溪度假 区智选假日酒店 (三) 出席会议的普通股股东和恢复表决权的优 ...