金风科技(002202) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 19,000,813,272.19, representing a 14.03% increase compared to CNY 16,663,352,304.89 in the same period last year[13]. - The net profit attributable to shareholders of the listed company decreased by 34.82% to CNY 1,251,328,260.10 from CNY 1,919,913,578.49 year-on-year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 44.86% to CNY 1,032,575,198.29 compared to CNY 1,872,547,494.01 in the previous year[13]. - Basic earnings per share decreased by 34.85% to CNY 0.2836 from CNY 0.4353 year-on-year[13]. - The company reported a total profit of CNY 1,981,105,294.33, down from CNY 2,359,148,471.02, representing a decrease of 16.01%[158]. - The total comprehensive income for the period was CNY 1,095,895,598.30, down from CNY 2,064,761,909.69, indicating a decrease of 46.96%[159]. - The company reported a significant increase in investment income to CNY 1,998,117,972.54, compared to CNY 1,497,904,597.80, representing a growth of 33.52%[158]. - The company’s financial expenses increased to CNY 514,183,310.72, compared to CNY 448,902,967.47, marking an increase of 14.49%[158]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -8,071,245,116.40, a decline of 110.89% from CNY -3,827,261,988.74 in the same period last year[13]. - The cash flow from operating activities showed a net outflow of CNY 8.07 billion, worsening from a net outflow of CNY 3.83 billion in the first half of 2022[162]. - The total cash and cash equivalents at the end of the first half of 2023 amounted to CNY 3.87 billion, up from CNY 3.52 billion at the end of the first half of 2022[165]. - The cash inflow from operating activities included CNY 12.70 billion from sales of goods and services, compared to CNY 10.88 billion in the first half of 2022, reflecting a growth of 16.7%[164]. - The cash outflow for purchasing goods and services was CNY 19.52 billion in the first half of 2023, compared to CNY 16.83 billion in the same period of 2022, representing an increase of 16.0%[164]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 137,777,510,118.77, a 0.70% increase from CNY 136,822,377,978.20 at the end of the previous year[13]. - The total liabilities at the end of the reporting period were CNY 136.5 billion, with long-term borrowings at CNY 28.4 billion, accounting for 20.64% of total liabilities[56]. - The company's equity attributable to shareholders increased to CNY 38.85 billion from CNY 38.10 billion, an increase of 1.97%[153]. - The company's inventory increased significantly to CNY 14,779,056,981.32 from CNY 9,847,658,324.79, indicating a growth of approximately 50%[151]. - The accounts receivable rose to CNY 26,721,421,555.19 from CNY 24,286,356,207.34, reflecting an increase of about 10.03%[151]. Market Position and Growth - The company maintained its leading position in the domestic wind power market for 12 consecutive years and ranked first globally in 2022[19]. - The company achieved a cumulative installed wind power capacity of approximately 38.9 million kW, representing a year-on-year growth of 13.7%[25]. - The company is actively pursuing internationalization, with significant installations in North America, Oceania, and Asia, each exceeding 1GW[24]. - The company has established eight overseas regional centers and has successfully expanded its wind turbine installations across 36 countries[24]. - The company has a total external pending orders of 28,156.71 MW, including 4,600.97 MW from overseas[37]. Research and Development - The company has over 3,000 experienced R&D personnel across eight domestic and international research centers, ensuring continuous product innovation[20]. - The company’s R&D investment increased by 11.60% to ¥792,430,446.19 from ¥710,089,744.99 in the previous year[52]. - The company has developed and launched 14 models based on the GWHV12 platform, covering both low and high wind speed markets in China, with the GWH182-7.2MW prototype already connected to the grid[40]. - The GWH252-16.0MW offshore wind turbine, developed in collaboration with China Three Gorges Corporation, has achieved a 100% localization rate for key components and a 98% overall localization rate[40]. Environmental Compliance - The company complies with over a hundred environmental laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[78]. - All wastewater treatment plants have obtained environmental impact assessment approvals and discharge permits as required by national regulations[79]. - The company has established a compliance evaluation system for environmental management based on relevant laws and standards[78]. - The company has implemented a list of applicable environmental laws and regulations for 2023 to ensure internal compliance[78]. - The company’s wastewater treatment facilities consistently meet the Class A standards set by the national pollutant discharge standards[85]. Corporate Governance and Shareholder Information - The company held its annual general meeting on June 20, 2023, with a participation rate of 45.41%[73]. - The company has a total of 22 joint ventures and 31 associated companies[70]. - The total number of ordinary shareholders at the end of the reporting period was 263,427, with the largest shareholder being Hong Kong Central Clearing Limited, holding 772,248,772 shares, representing 18.28%[135]. - The company did not engage in any repurchase agreements among the top 10 ordinary shareholders during the reporting period[139]. - The company reported a total of 31,806.56 million yuan in related party transactions during the reporting period, accounting for 0.76% of similar transactions[104]. Future Outlook - The company aims to enhance its wind power technology and expand its market presence in response to the global renewable energy growth trend, with a focus on high-quality development[51]. - The company plans to leverage new technologies and materials to drive innovation in the wind power sector, aligning with the global energy transition goals[51]. - The company’s future outlook includes potential market expansion and new product development strategies[139].