中广核新能源(01811) - 2023 - 年度业绩

Financial Performance - For the year ended December 31, 2023, the revenue was $2,193.0 million, a decrease of 9.8$2,430.1 million for the year ended December 31, 2022[3]. - The profit attributable to equity shareholders for the year was $267.7 million, an increase of 37.2$195.1 million for the previous year[3]. - The basic earnings per share for the year was 6.24 cents, up 37.2% from 4.55 cents for the year ended December 31, 2022[7]. - The total operating expenses for the year were $1,640.5 million, down from$1,840.4 million in the previous year, reflecting a decrease of approximately 10.8%[4]. - The operating profit for the year was $552.5 million, compared to$589.7 million in the previous year[4]. - The total comprehensive income for the year was $228.5 million, compared to$26.7 million in the previous year[5]. - Operating profit before tax increased to $352,528 thousand in 2023 from$272,994 thousand in 2022, representing a growth of approximately 29.2%[12]. - The company's total equity increased to $1,688,559 thousand in 2023 from$1,499,556 thousand in 2022, reflecting a growth of approximately 12.6%[10]. - The company's total liabilities decreased to $6,661,583 thousand in 2023 from$6,844,377 thousand in 2022, indicating a positive trend in financial health[13]. - The company's income tax expense increased by 24.5% to $72.9 million, up from$58.6 million in the previous year[30]. Revenue Breakdown - The total revenue from the China power plants was $1,012,714 thousand, while the revenue from the Korea power plants was$1,151,008 thousand, showing a decline in both segments compared to the previous year[12]. - Revenue from wind power projects in China was $702.4 million, an increase of 1.4$692.8 million in the previous year[23]. - Revenue from South Korea decreased by 16.4% to $1,151.0 million, down from$1,377.4 million in the previous year[23]. Assets and Liabilities - Non-current assets, including property, plant, and equipment, amounted to $5,883.4 million as of December 31, 2023, compared to$5,812.4 million in the previous year[8]. - The cash and cash equivalents decreased to $287.5 million from$440.6 million in the previous year[8]. - As of December 31, 2023, total assets decreased to $8,350,142 thousand from$8,343,933 thousand in 2022, reflecting a slight increase in total liabilities to $6,661,583 thousand from$6,844,377 thousand[13]. - The net current liabilities improved to $(234,651) thousand in 2023 from$(574,539) thousand in 2022, indicating a significant reduction in current liabilities[16]. - The company’s non-current liabilities decreased to $4,658,957 thousand in 2023 from$4,376,926 thousand in 2022, indicating a reduction in long-term financial obligations[13]. Dividends and Shareholder Returns - The company proposed a final dividend of 1.56 cents per share, totaling approximately $66.9 million, which is equivalent to about 25$1.56 per share, representing a payout ratio of 25% of the profit attributable to equity shareholders[32]. Operational Highlights - The company added 581.1 MW of solar capacity in 2023, with significant contributions from Jiangsu (200.0 MW) and Zhejiang (121.1 MW)[63]. - The installed capacity of wind power in China reached 441.3 GW in 2023, a year-on-year increase of 20.7%[49]. - The total installed capacity of solar power in China reached 609.5 GW in 2023, a year-on-year increase of 55.2%[49]. - The company is actively involved in the renewable energy sector, supporting the goal of tripling global renewable energy capacity by 2030[50]. Risk Management and Governance - The company faces risks related to fuel price fluctuations, regulatory changes, and extreme weather conditions affecting its energy projects[84][85][86][87]. - The company has maintained compliance with corporate governance codes throughout the fiscal year, with a noted exception regarding the roles of the chairman and CEO from January 1 to September 4, 2023[97]. - The company is focused on risk management and control, enhancing its ability to navigate complex industry challenges[94]. Social Responsibility and Community Engagement - The company actively participates in rural revitalization projects, including educational support and disaster relief efforts, demonstrating its commitment to social responsibility[78]. - In August 2023, the company donated to disaster relief efforts in Xingtai City, Hebei Province, in response to severe flooding, receiving recognition from local government[79]. Awards and Recognition - The company was awarded the "Best IR Hong Kong Stock Company" at the 5th New Fortune Awards in February 2023, highlighting its investor relations excellence[81]. - The company won multiple awards at the HKIRA Investor Relations Awards in June 2023, including "Best Investor Relations Company" and "Best ESG" awards[81]. Future Outlook - The company plans to maintain stable growth in new capacity additions in 2024[63]. - The company aims to enhance its market competitiveness and achieve high-quality development through continuous management improvement and optimization of its management system[83].