[中报]粤电力Ｂ(200539):2022年半年度报告摘要（英文版）
Corporate bond code: 149113 Abbreviation of corporate bond:20 Yudean 01 Corporate bond code: 149369 Abbreviation of corporate bond:21 Yudean 01 Corporate bond code: 149418 Abbreviation of corporate bond:21 Yudean 02 Corporate bond code: 149711 Abbreviation of corporate bond:21 Yudean 03 Guangdong Electric power Development Co., Ltd. Summary of the Semi-Annual Report 2022 I. Important notes This summary of the Semi-Annual Report is quoted out of the full text of the Annual Report. Investors desirous to understand entirely the Company's operation results, financial position and future development planning are advised to carefully read the full text of the Semi-Annual Report which is published in the medium designated by CSRC. Other directors attending the Meeting for annual report deliberation except for the followed:
□ Applicable √Not applicable Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share capital for the reporting period, which has been reviewed and approved at the board meeting □ Applicable √Not applicable The company will distribute no cash dividends or bonus shares and has no reserve capitalization plan. The preference share profit distribution pre-plan approved by the Board of Directors □ Applicable √Not applicable II. Basic information about the company 1. Company profile
May the Company make retroactive adjustment or restatement of the accounting data of the previous years √Yes□ No Merger of enterprises under the same control
Enterprises (CK [2021] No.35), the income and cost related to the trial run sales are included in the current profits and losses. The Company has calculated the trial run sales from January 1, 2022 according to the requirements of this Interpretation, and made retrospective adjustments to the trial run sales that occurred from January 1, 2021 to January 1, 2022. 3. Shareholders and shareholding In RMB
There was no any change of the controlling shareholder of the Company in the reporting period. Change of the actual controller in the reporting period □ Applicable √ Not applicable There was no any change of the actual controller of the Company in the reporting period. 5.Number of preference shareholders and shareholdings of top 10 of them □ Applicable √ Not applicable No preference shareholders in the reporting period 6. Corporate bonds that existed on the date when this Report was authorized for issue √Applicable□ Not applicable （1）Basic information of corporate bonds
In the first half of 2022, due to factors such as the new cronovirus epidemic and the weather, the demand for electricity in Guangdong Province has declined. From January to June, the electricity consumption of the whole society in Guangdong Province was 355.608 billion kWh, a YOY decrease of 2.4%; the industrial electricity consumption was 212.082 billion kWh, a YOY decrease of 3.4%; the electricity consumption in the manufacturing industry was 174.914 billion kWh, a YOY decrease of 4.3%. During the reporting period, the Company completed the on-grid electricity of 46.349 billion kWh, a YOY decrease of 6.46% In 2022, the scale of electricity market-oriented transactions in Guangdong Province has continued to expand. According to the data of the Guangdong Electric Power Exchange Center, in 2022, the province's bilateral negotiated transaction volume is 254.16 billion kWh, a YOY increase of 18.15%, and the transaction price is RMB497.04/1000 kWh, with an average price difference of +3.404 cent/kWh; the average on-grid electricity price of the Company's consolidated statement is 542.74 yuan/1000 kWh (tax included, the same below), a YOY increase of 84.74 yuan/1000 kWh, an increase of 18.5%. Benefiting from the rise in the electricity price, the Company's operating income increased slightly, but due to the high prices of coal and other fuels, the Company's thermal power plants suffered large losses. In the first half of 2022, the company's thermal power business achieved net profit attributable to its parent of -1,959.68 million yuan, and the new energy business achieved net profit attributable to its parent of 322.77 million yuan, a year-on-year increase of 39.49%. Although the profit contribution by the Company's new energy power generation business has increased significantly YOY, the proportion of this business is relatively small, and it is difficult to make up for the loss of the Company's thermal power business, resulting in a sharp decline in the Company's main business gross profit margin and net profit attributable to the parent company. As of June 30, 2022, the total assets of the Company's consolidated statements are 117.473 billion yuan, a YOY increase of 2.6%, the total liabilities are 86.606 billion yuan, a YOY increase of 6.23%, and the Company's asset-liability decrease of 6.38%. The Company achieved the consolidated income of 22.611 billion yuan, a YOY increase of 9.8%; the net profit attributable to shareholders of the parent company was -1.376 billion yuan, a YOY decrease of 521.19%; and the earnings per share was -0.26 yuan, compared with 0.06 yuan in the same period last year. In order to promote the reasonable return of coal prices, in the first half of 2022, the National Development and Reform Commission successively issued the "Notice on Further Improving the Coal Market Price Formation Mechanism" (No. 303[2022] Fa Gai Price) and related documents. On the basis of insisting that coal prices are formed by the market, a reasonable range of medium and long-term transaction prices for coal (domestic thermal coal) is proposed. If the coal price can fall back to a reasonable range under the guidance of strong national policies in the future, the Company's operating pressure will be released to a certain extent, and the profit outlook is expected to improve. The Company's new energy development is based in Guangdong and orient towards the whole country, showing a "4+N" regional layout of key development in four provinces of Guangdong, Xinjiang, Qinghai and Guizhou and an active expansion in other regions in China. As of June 30, 2022, the Company has put into operation of 21 new energy projects, with a total installed capacity of 1.9704 million kilowatts; There are 14 new energy projects under construction process with a total installed capacity of 2.046 million kilowatts, including the 1 million kilowatts Yangjiang Qingzhou I and Qingzhou II offshore wind power projects, Xinjiang Hanhai photovoltaic 400 thousand kilowatts project, Zhanjiang Potou photovoltaic220,000 kilowatts project. In the future, the Company will actively grasp the development trend of accelerating energy transformation under the goals of "carbon peak" and "carbon neutrality", implement the "1+2+3+X" strategy, and further actively expand new energy project resources through self-construction and acquisitions and other forms, thus fully promoting the leap-forward development of new energy and building an ecological civilization power generation enterprise 中财网
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