SDIC Power(600886)2023-04-28 16:00Dividend and Profit Distribution - The board of directors proposed a cash dividend of RMB 0.275 per share, totaling approximately RMB 2,049,899,444.18, which accounts for about 50% of the net profit attributable to shareholders for the year 2022[3]. - The total share capital at the end of 2022 was 7,454,179,797 shares, which serves as the basis for the proposed dividend distribution[3]. - The cash dividend policy stipulates that the cumulative cash distribution over the last three years must not be less than 30% of the average distributable profit achieved during that period[138]. - The company maintains a commitment to continuous and stable profit distribution policies, requiring prior consultation with independent directors and supervisors for any adjustments[138]. Financial Performance - The company's operating revenue for 2022 reached ¥50.49 billion, a year-on-year increase of 15.36% compared to ¥43.77 billion in 2021[17]. - Net profit attributable to shareholders for 2022 was ¥4.08 billion, reflecting a significant increase of 66.11% from ¥2.46 billion in 2021[17]. - The net profit after deducting non-recurring gains and losses was ¥3.95 billion, up 80.40% from ¥2.19 billion in the previous year[17]. - The cash flow from operating activities amounted to ¥21.96 billion, representing a 50.11% increase compared to ¥14.63 billion in 2021[17]. - Basic earnings per share for 2022 were ¥0.5213, a 61.45% increase from ¥0.3229 in 2021[18]. - The weighted average return on net assets increased to 8.25%, up 2.86 percentage points from 5.39% in 2021[18]. - The total assets of the company at the end of 2022 were ¥258.25 billion, a 6.98% increase from ¥241.41 billion at the end of 2021[17]. - The net assets attributable to shareholders reached ¥54.52 billion, reflecting a 5.91% increase from ¥51.47 billion in 2021[17]. Operational Capacity and Projects - The company reported a total installed capacity of its operating power plants, which is a key metric for assessing its operational scale and efficiency[8]. - The installed capacity of clean energy reached 25.8834 million kilowatts, accounting for 68.54% of the total installed capacity, an increase of 1.34 percentage points year-on-year[26]. - The company made significant progress in clean energy projects, including the completion of the Yalong River Lianghekou Hydropower Station and the advancement of several other projects in various regions[27]. - The company’s hydropower projects have a total installed capacity of 19.2 million kW, with an additional 3.42 million kW under construction or approved[36]. - The company added 1,545.9 MW of new capacity through new projects and acquisitions in 2022, including 515 MW of hydropower and 718.9 MW of wind power[70]. Risk Management and Compliance - The company has outlined potential risks that may impact its operations and development, emphasizing the importance of risk management strategies[5]. - The company has ensured that there are no non-operational fund occupations by controlling shareholders or related parties, indicating a stable financial governance structure[4]. - The company has not reported any violations of decision-making procedures regarding external guarantees, reflecting adherence to regulatory compliance[4]. - The company has established a comprehensive governance structure, holding 9 shareholder meetings and 18 board meetings during the reporting period to ensure compliance and protect shareholder interests[107]. Research and Development - The company is focusing on technological innovation and has seen a significant increase in the number of authorized invention patents, reflecting its commitment to R&D[30]. - The company's total R&D investment amounted to 89.60 million yuan, accounting for 0.18% of total operating revenue[55]. - The company is committed to ongoing research and development of new products to meet market demands[118]. Environmental and Social Responsibility - The company invested a total of 693.509 million yuan in environmental protection during the reporting period[146]. - The company has implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 467 tons[154]. - The company has made a total social responsibility expenditure of 14.42 million yuan, benefiting approximately 37,000 people[156]. - The company has contributed a total of 20.13236 million yuan towards poverty alleviation and rural revitalization projects, benefiting around 40,335 individuals[158]. Governance and Management - The company has established a modern governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team[111]. - The company maintained independence from its controlling shareholders in terms of operations, personnel, assets, and finances, ensuring self-responsibility for profits and risks[111]. - The company has a total of 10 independent directors serving in various capacities across different organizations[121]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 15.76 million yuan[122]. Future Outlook and Strategy - The company plans to expand its market presence and invest in new technologies to enhance growth prospects[68]. - Future guidance indicates a focus on increasing efficiency and exploring new markets to drive revenue growth[68]. - The company aims to enhance its market presence through mergers and acquisitions, focusing on clean energy and new energy industries[92]. - The company plans to continue enhancing its governance capabilities in compliance with legal and regulatory requirements[111].