[中报]粤电力Ｂ(200539):2023年半年度报告（英文版）
|
时间：2023年08月31日 06:25:15 中财网 |
|
原标题:粤电力Ｂ:2023年半年度报告（英文版）
GUANGDONGELECTRICPOWERDEVELOPMENTCO.,LTD.
TheSemi-annualReport2023August2023
I.ImportantNotice,TableofContentsandDefinitions
TheBoardofDirectors,SupervisoryCommittee,Directors,SupervisorsandSeniorExecutivesofthecompanyherebyguaranteesthattherearenomisstatement,misleadingrepresentationorimportantomissionsinthisreportandshallassumejointandseveralliabilityfortheauthenticity,accuracyandcompletenessofthecontentshereof.
Mr.ZhengYunpeng,Thecompanyleader,Mr.LiuWei,ChieffinancialofficerandtheMr.MengFei,thepersoninchargeoftheaccountingdepartment(thepersoninchargeoftheaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthissemi-annualreport.OtherdirectorsattendingtheMeetingforSemi-annualreportdeliberationexceptforthefollowed:
| Thenameofdirectorwhodid
notattendthemeetinginperson | Positionofabsent
director | Reason | Thenameofdirectorwho
wasauthorized | | MaoQinghan | Director | Duetobusiness | MaXiaoqian |
Thecompanyismainlyengagedinthermalpowergeneration.Thebusinessofthermalpowergenerationisgreatlyaffectedbyfactorsincludingelectricpowerdemandandfuelprice.RefertoSection10ofChapterIIIofthisannualreport-situationfacedandcountermeasuresforrelevantinformation.Duringreportingperiod,thecompanywillnotdistributecashdividendorbonusshares,neithercapitalizingofcommonreserves.
TableofContents
I.ImportantNotice,TableofcontentsandDefinitions
II.CompanyProfile&FinancialHighlights.
III.ManagementDiscussion&Analysis
IV.CorporateGovernance
V.Environmental&SocialResponsibility
VI.ImportantEvents
VII.ChangeofsharecapitalandshareholdingofPrincipalShareholdersVIII.SituationofthePreferredShares
IX.CorporateBond
X.FinancialReport
Documentsavailableforinspection
1.Financialstatementsbearingthesealandsignatureoflegalrepresentative,financialcontrollerandtheperson
inchargeoftheaccountingorgan;
2..Alloriginalcopiesofofficialdocumentsandnotices,whichweredisclosedinChinaSecuritiesJournal,SecuritiesTimes,ShanghaiSecuritiesNews,SecuritiesDailyandHongKongCommercialDaily(BothEnglishandChineseversion);
3.Chineseversionofthesemi-annualreport.
Thedocumentsmentionedabovearekeptinoffice,andarereadyforreferenceatanytime(exceptpublicholidays,SaturdayandSunday).
Definition
| Termstobedefined | Refersto | Definition | | GuangdongEnergyGroup | Refersto | GuangdongEnergyGroupCo.,Ltd. | | ShaAPowerplant | Refersto | GuangdongElectricPowerDevelopmentCo.,Ltd.Sha
APowerplant | | XinjiangBranch | Refersto | Guangdong Electric Power Development Co.,
Ltd.XinjiangBranch | | QinghaiBranch | Refersto | Guangdong Electric Power Development Co., Ltd.
QinghaiBranch | | XingjiangCompany | Refersto | GuangdongEnergyGroupXingjiangCo.,Ltd. | | ZhanjiangElectricPower | Refersto | ZhanjiangElectricPowerCo.,Ltd. | | YuejiaCompany | Refersto | GuangdongYuejiaElectricPowerCo.,Ltd. | | ShaoguanPowerGenrationPlant | Refersto | GuangdongYudeanShaoguanPowerGenerationCo.,
Ltd. | | MaomingThermalPowerPlant | Refersto | GuangdongEnergyMaomingThermalPowerPlant
Co.,Ltd. | | JinghaiCompany | Refersto | GuangdongYudeanJinghaiPowerCo.,Ltd. | | HumenCompany | Refersto | GuangdongYudeanHumenPowerCo.,Ltd. | | TechnologyEngineeringCompany | Refersto | Guangdong Yudean Technology Engineering
ManagementCo.,Ltd | | ZhanjiangZhongyue | Refersto | ZhanjiangZhongyueEnergyCo.,Ltd. | | BoheCompany | Refersto | GuangdongYudeanEnergyCo.,Ltd. | | HuaduCompany | Refersto | GuangdongHuaduNaturalGasThermalPowerCo.,
Ltd. | | DapuPowerPlant | Refersto | GuangdongDapuPowerGenerationCo.,Ltd. | | WindPowerCompany | Refersto | GuangdongWindPowerCo.,Ltd. | | GuangqianCompany | Refersto | ShenzhenGuangqianElectricPowerCo.,Ltd. | | ElectricPowerSalesCompany | Refersto | GuangdongYudeanElectricPowerSalesCo.,Ltd. | | HuizhouNaturalGasCompany | Refersto | GuangdongHuizhouNaturalGasPowerCo.,Ltd. | | RedBayCompany | Refersto | GuangdongRedBayPowerCo.,Ltd. | | PinghaiPowerPlant | Refersto | GuangdongHuizhouPinghaiPowerCo.,Ltd. | | LincangCompany | Refersto | LincangYudeanEnergyCo.,Ltd. | | YonganCompany | Refersto | Guangdong Yudean Yongan Natural Gas Thermal
PowerCo.,Ltd. | | BinhaiwanEnergyCompany | Refersto | GuangdongYudeanBinhaiwanEnergyCo.,Ltd. | | DayawanEnergy | Refersto | GuangdongYudeanDayawanIntegratedEnergyCo.,
Ltd. | | QimingEnergy | Refersto | GuangdongYudeanQimingEnergyCo.,Ltd. | | HuaguoquanCompany | Refersto | ShenzhenHuaguoquanElectricIndustryServiceCo.,
Ltd. | | DananhaiCompany | Refersto | GuangdongYudeanDananhaiIntelligenceEnergyCo.,
Ltd. | | YudeanBaihua | Refersto | Guangdong Yudean Baihua Integrated Energy Co.,
Ltd. | | BijieEnergy | Refersto | GuangdongBijieNewEnergyCo.,Ltd. | | ShaoguanNewEnergy | Refersto | GuangdongShaoguanYuedianliNewEnergyCo.,Ltd. | | HenanNewEnergy | Refersto | HenanYudeanNewEnergyCo.,Ltd. | | ShaCCompany | Refersto | GuangdongShajiao(plantC)PowerGenerationCo.,
Ltd. | | YuehuaPowerGeneration | Refersto | GuangdongYuehuaPowerGenerationCo.,Ltd. | | YunhePowerGeneration | Refersto | GuangdongYudeanYunhePowerGenerationCo.,Ltd. | | TumuThermalPower | Refersto | TumushukeThermalPowerCo.,Ltd. | | HanhaiEnergy | Refersto | TumushukeYudeanHanhaiNewEnergyCo.,Ltd. | | HuiboEnergy | Refersto | GuangdongHuiboNewEnergyCo.,Ltd. | | JinxiuEnergy | Refersto | YuedeanJinxiuEnergyCo.,Ltd. | | SongshanhuCompany | Refersto | DongguanSongshanhuYudeanEnergyServiceCo.,
Ltd. | | SenhongEnergy | Refersto | NanjingSenhongNewEnergyCo.,Ltd. | | LinyuanSenhaiEnergy | Refersto | NanjingLinyuanSenhaiNewEnergyCo.,Ltd. | | ZhennanEnergy | Refersto | YunfuZhennanNewEnergyCo.,Ltd. | | LuodingEnergy | Refersto | YunfuLuodingYudeanNewEnergyCo.,Ltd. | | AlxaLeagueEnergy | Refersto | AlxaLeagueYudeanNewEnergyCo.,Ltd. | | SanmenxiaGuangneng | Refersto | SanmenxiaGuangnengNewEnergyCo.,Ltd. | | LiangguangEnergy | Refersto | HuazhouYudeanLiangguangNewEnergyCo.,Ltd. | | CaojiangEnergy | Refersto | GaozhouYudeanCaojiangNewEnergyCo.,Ltd. | | DongrunZhongneng | Refersto | TaishanDongrunZhongnengNewEnergyCo.,Ltd. | | MaomingNaturalGas | Refersto | GuangdongYudeanMaomingNaturalGasCo.,Ltd. | | XingyueEnergy | Refersto | MeizhouXingyueNewEnergyCo.,Ltd. | | XinguangyaoEnergy | Refersto | LaixiXinguangyaoNewEnergyTechnologyCo.,Ltd. | | ShacheEnergy | Refersto | YudeanShacheComprehensiveEnergyCo.,Ltd. | | ZhenyunEnergy | Refersto | YunfuYudeanZhenyunNewEnergyCo.,Ltd. | | ZhennengEnergy | Refersto | YunfuYudeanNewEnergyCo.,Ltd. | | ZhuhaiEnergy | Refersto | ZhuhaiYudeanNewEnergyCo.,Ltd. | | LiuzhouEnergy | Refersto | GuangxiLiuzhouYudeanNewEnergyCo.,Ltd. | | LvnengEnergy | Refersto | GuangdongYudeanLvnengNewEnergyCo.,Ltd. | | DianbaiEnergy | Refersto | MaomingDianbaiNewEnergyCo.,Ltd, | | TuoqianEnergy | Refersto | HuanggangTuoqianNewEnergyCo.,Ltd. | | GaozhouIntelligenceNewEnergy | Refersto | GaozhouYudeanIntelligenceNewEnergyCo.,Ltd. | | HainanGuangneng | Refersto | HainanGuangnengYudeanNewEnergyCo.,Ltd. | | GuangzhouNewEnergy | Refersto | GuangdongYudeanNewEnergyDevelopmentCo.,
Ltd. | | ChanghaEnergy | Refersto | TumushukeYudeanChangheNewEnergyCo.,Ltd. | | CaohuEnergy | Refersto | TumushukeYudeanCaohuNewEnergyCo.,Ltd. | | XingnengEnergy | Refersto | QinghaiYudeanXingnengNewEnergyCo.,Ltd. | | ZhanjiangGuangneng | Refersto | ZhanjiangGuangnengYudeanNewEnergyCo.,Ltd. | | BaoheEnergy | Refersto | GaozhouYudeanBaoheNewEnergyCo.,Ltd. | | FushunEnergy | Refersto | FushunYudeanNewEnergyCo.,Ltd. | | LeizhouPowerGeneration | Refersto | GuangdongYudeanLeizhouPowerGenerationCo.,
Ltd. | | JiuzhouNewEnergy | Refersto | JiuzhouNewEnergy(Zhaoqing)Co.,Ltd. | | ChangshanWindPower | Refersto | XiangtanXiangdianChanshanWindPowerGeneration
Co.,Ltd. | | GuangxiXinyue | Refersto | GuangxiXinyueNewEnergyCo.,Ltd. | | ZhanjiangBiomassPowerGeneration
Company | Refersto | GuangdongYudeanZhanjiangBiomassPower
GenerationCo.,Ltd. | | ShibeishanWindPower | Refersto | Guangdong Yudean Shibeishan Wind Energy
DevelopmentCo.,Ltd. | | DianbaiWindPowerCompany | Refersto | GuangdongYudeanDianbaiWindPowerCo.,Ltd. | | HuilaiWindPowerCompany | Refersto | HuilaiWindPowerGenerationCo.,Ltd. | | YangjiangWindPowerCompany | Refersto | GuangdongYudeanYangjiangOffshoreWindPower
Co.,Ltd. | | HepingWindPowerCompany | Refersto | GuangdongYudeanHepingWindPowerCo.,Ltd. | | PingyuanWindPowerCompany | Refersto | GuangdongYudeanPingyuanWindPowerCo.,Ltd. | | WuxuanWindPowerCompany | Refersto | GuangxiWuxuanYudeanNewEnergyCo.,Ltd. | | XupuWindPowerCompany | Refersto | HunanXupuYuefengNewEnergyCo.,Ltd. | | PingdianIntegratedEnergyCompany | Refersto | HuizhouPingdianIntegratedEnergyCo.,Ltd. | | ZhuhaiWindPowerCompany | Refersto | GuangdongYudeanZhuhaiOffshoreWindPowerCo.,
Ltd. | | ZhanjiangWindPowerCompany | Refersto | GuangdongYudeanZhanjiangWindPowerGeneration
Co.,Ltd. | | QujieWindPowerCompany | Refersto | Guangdong Yudean Qujie Wind Power Generation
Co.,Ltd. | | LeizhouWindPowerCompany | Refersto | GuangdongYudeanLeizhouWindPowerGeneration
Co.,Ltd. | | TongdaoWindPowerCompany | Refersto | TongdaoYuexinWindPowerGenerationCo.,Ltd. | | YudeanFuelCompany | Refersto | GuangdongPowerIndustryFuelCo.,Ltd. | | Guangdong Energy Insurance Captive
Company | Refersto | Guangdong Energy Property Insurance Captive Co.,
Ltd. | | ShanxiEnergyCompany | Refersto | ShanxiYudeanEnergyCo.,Ltd. | | YudeanShippingCompany | Refersto | GuangdongYudeanShippingCo.,Ltd. | | YueqianCompany | Refersto | GuizhouYueqianElectricCo.,Ltd. | | GuangdongEnergyFinanceCompany | Refersto | GuangdongEnergyGroupFinanceCo.,Ltd. | | EnergyFinancialLeasingCompany | Refersto | GuangdongEnergyFinancialLeasingCo.,Ltd. | | GuonengTaishanCompany | Refersto | GuonengYudeanTaishanPowerGenerationCo.,Ltd. | | WeixinEnergyCo.,Ltd. | Refersto | YunnanYuntouWeixinEnergyCo.,Ltd. | | Zhongxinkenghydropowerstation | Refersto | YangshanZhongxinkengPowerCo.,Ltd. | | Jiangkenghydropowerstation | Refersto | YangshanJiangkenghydropowerstation | | SouthernOffshorewindpower | Refersto | Southern Offshore wind power Union Development
Co.,Ltd. | | SunshineInsurance | Refersto | SunshineInsuranceGroupCo.,Ltd. | | ShenzhenCapital | Refersto | ShenzhenCapitalGroupCo.,Ltd. | | GMG | Refersto | GMGInternationalTenderingCo.,Ltd. | | ShenzhenEnergy | Refersto | ShenzhenEnergyGroupCo.,Ltd. | | ShenergyCompany | Refersto | ShenergyCompanyLimited | | EnvironmentalProtectionCompany | Refersto | Guangdong Yudean Environmental Protection Co.,
Ltd. | | HechiNewEnergy | Refersto | HechiYudeanNewEnergyCo.,Ltd. | | YigeNewEnergy | Refersto | GuangdongYudeanYigeNewEnergyCo.,Ltd. |
II.CompanyProfile&FinancialHighlights.
I.CompanyProfile
| Stockabbreviation | YueDianLiA,YueDianLiB | Stockcode： | 000539,200539 | | Stockexchangeforlisting | ShenzhenStockExchange | | | | NameinChinese | 广东电力发展股份有限公司 | | | | Abbreviation of Registered
CompanyNameinChinese( | 粤电力 | | | | Englishname(Ifany) | GUANGDONGELECTRICPOWERDEVELOPMENTCO.,LTD | | | | Englishabbreviation(Ifany) | GED | | | | LegalRepresentative | ZhengYunpeng | | |
Ⅱ.Contactpersonandcontactmanner
| | Boardsecretary | SecuritiesaffairsRepresentative | | Name | LiuWei | HuangXiaowen | | Contactaddress | 35F,SouthTower,YudeanPlaza,No.2 TianheRoad
East,Guangzhou,GuangdongProvince | 35F,SouthTower,YudeanPlaza,No.2Tianhe
RoadEast,Guangzhou,GuangdongProvince | | Tel | (020)87570251 | (020)87570251 | | Fax | (020)85138084 | (020)85138084 | | E-mail | [email protected] | [email protected] |
III.Otherinfo.
1.Wayofcontact
Whetherregistrationsaddress,officesaddressandcodesaswellaswebsiteandemailofthecompanychangedinreportingperiodornot
□Applicable√Notapplicable
Registrationsaddress,officesaddressandcodesaswellaswebsiteandemailofthecompanyhasnochangeinreportingperiod,foundmoredetailsinannualreport2022.
2.Informationinquiry
Whetherinformationdisclosureandpreparationplacechangedinreportingperiodornot□Applicable√Notapplicable
Noneoftheofficialpresses,website,andplaceofenquiryhasbeenchangedinthesemireportperiod.FordetailspleasefindtheAnnualReport2022.
3.Otherrelevantinformation
Didanychangeoccurtootherrelevantinformationduringthereportingperiod?□Applicable√Notapplicable
IV.SummaryofAccountingdataandFinancialindex
Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata√Yes□No
Retroactiveadjustmentorrestatementofcauses
Accountingpolicychange
| | Reportingperiod | Sameperiodoflastyear | | Changesofthisperiodover
sameperiodofLastyear(%) | | | | Beforeadjustment | Afteradjustment | Afteradjustment | | Operating income
（Yuan） | 28,340,840,884 | 22,611,239,733 | 22,611,239,733 | 25.34% | | Net profit attributable to
the shareholders of the
listedcompany（Yuan） | 856,538,633 | -1,375,739,165 | -1,371,743,904 | 162.44% | | Net profit after deducting
of non-recurring gain/loss
attributable to the
shareholders of listed
company（Yuan） | 849,010,727 | -1,399,609,834 | -1,395,614,573 | 160.83% | | Cash flow generated by
business operation, net
（Yuan） | 2,720,370,016 | -208,358,510 | -208,358,510 | 1,405.62% | | Basic earning per
share(Yuan/Share) | 0.1631 | -0.2620 | -0.2613 | 162.44% | | Diluted gains per
share(Yuan/Share) | 0.1631 | -0.2620 | -0.2613 | 162.44% | | WeightedaverageROE(%) | 3.86% | -6.23% | -6.21% | 10.07% | | | Asattheendofthe
reportingperiod | Asattheendoflastyear | | Changedoverlastyear（％） | | | | Beforeadjustment | Afteradjustment | Afteradjustment | | Grossassets（Yuan） | 143,012,763,745 | 131,504,274,884 | 131,623,802,701 | 8.65% | | Net assets attributable to
shareholders of the listed
company（Yuan） | 21,153,441,131 | 20,241,872,479 | 20,350,293,619 | 3.95% |
ReasonsofaccountingpolicychangeandcorrectionofaccountingerrorsIn2022,theMinistryofFinancepromulgatedtheInterpretationNo.16ofAccountingStandardsforBusinessEnterprises(CS[2022]No.31)(hereinafterreferredtoas"InterpretationNo.16").SinceJanuary1,2023,thecompanyhasadoptedtheaccountingtreatmentprovisionsinInterpretationNo.16thatdeferredincome tax related to assets and liabilities arising from a single transaction is not applicable to initial
recognitionexemption.FortheapplicablesingletransactionsthatoccurredbetweenthebeginningoftheearliestperiodofpresentationinthefinancialstatementsofthefirstimplementationofInterpretationNo.16anditsimplementationdate,thecompanyhasmadeadjustmentsinaccordancewithregulations;Incaseoftaxabletemporarydifferencesanddeductibletemporarydifferencesarisingfromtheleaseliabilitiesandright-to-useassets recognized at the beginning of the earliest period of presentation in the financial statements of
InterpretationNo.16duringitsimplementationforthefirsttime,thecompanywilladjusttheinitialretainedincomeandotherrelatedfinancialstatementitemsatthebeginningoftheearliestperiodofpresentationinthefinancialstatementsaccordingtothecumulativeimpact.
V.Thedifferencesbetweendomesticandinternationalaccountingstandards1).Simultaneously pursuant to both Chinese accounting standards and international accountingstandardsdisclosedinthefinancialreportsofdifferencesinnetincomeandnetassets.□Applicable□√Notapplicable
None
2).DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards.
□Applicable√Notapplicable
None
VI.Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount | Note | | Non-currentassetdisposalgain/loss(includingthewrite-
offpartforwhichassetsimpairmentprovisionismade) | -1,988,902 | Itwasthenetlosscausedbydisposal
ofdustremovaldeviceofUnit1in
DapuPowerPlant. | | Governmentsubsidiesrecognizedincurrentgainand
loss(excludingthosecloselyrelatedtothecompany’s
businessandgrantedunderthestate’spolicies) | 14,152,289 | Itwasmainlytheeconomicpolicy
incentivesforpowersalesand
subsidiesforvariouspowerplant
projects. | | Othernon-businessincomeandexpendituresotherthan
theabove | 7,433,052 | | | Insurancecompensationandclaimsincome | 6,701,756 | Itwasmainlytheadvance
compensationforunitsreceivedby
YangjiangWindPowerPlantdueto
TyphoonSiamba. | | Finesandoverduepaymentfees | -3,664,929 | Itwasmainlythefineexpenditureof
QujiangWindPower. | | Non-currentassetsscrapincome | 2,724,564 | Itwasmainlythefixedassetscrap
incomeofJinghaicompanyandBohe
company. | | LossofNon-currentassetsscrapped | -9,754,776 | Itwasmainlythefixedassetscraploss
ofYunhePowerGeneration,Zhanjiang
ZhongyueandGuangqiancompany. | | Less:Amountofinfluenceofincometax | 4,792,737 | | | Influenced amount of minor shareholders’ equity
(aftertax) | 3,282,411 | | | Total | 7,527,906 | |
Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition□Applicable√Notapplicable
None
For the company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.√Applicable□Notapplicable
| Items | Amountinvolved(RMB) | Reason | | Value-addedtaxwillberefunded
immediately | 12,915,790 | Complywithnationalpoliciesand
regulations,andcontinuetooccur |
III.ManagementDiscussion&Analysis
Ⅰ.MainBusinessthecompanyisEngagedinDuringtheReportPeriod
Thecompanymainlyengagesintheinvestment,constructionandoperationmanagementofpowerprojects,andtheproductionandsalesofelectricpower.Itbelongstothepower,heatproductionandsupplyindustryclassifiedinthe“GuidelinesfortheIndustryClassificationofListedCompanies”bytheChinaSecuritiesRegulatoryCommission.Sinceitsfoundation,thecompanyhasalwaysadheredtothebusinesstenetof“Capitalfromthepeople,usingitforelectricity,andbenefitingthepublic”andadherestothebusinesspolicyof“Centeringonthemainbusinessofelectricity,withdiversifieddevelopment”,focusingonthemainbusinessofpower and making the power structure go diversified. In addition to the development, construction and
operationoflarge-scalecoal-firedpowerplants,italsohascleanenergyprojectssuchasLNGpowergeneration,windpowergenerationandhydropowergeneration,whichprovidesreliableandcleanenergytousersthroughthegridcompany.AsofJune30,2023,thecompanyhascontrollableinstalledcapacityof31.5117millionkilowatts,includingholdinginstalledcapacityof29.7639millionkilowattsandequityparticipationinstalledcapacityof1.7478millionkilowatts.Including:theholdinginstalledcapacityforcoal-firedpowergenerationof
20.55millionkilowattsand69.04%;theholdinginstalledcapacityforgasandelectricityof6.392millionkilowattsand21.48%andrenewableenergygenerationlikewindpower,photovoltaic,hydropowerandbiomassof 2.8219 million kilowatts and 9.48%.in addition, The entrusted installed capacity of the company for
managementis8.854millionkilowatts(including6.65millionkilowattsofthermalpowerand2.204millionkilowatts of hydropower). The above controllable installed capacity and entrusted installed capacity for
managementtotaled40.0537millionkilowatts.
Incomesourceisprimarilycontributedbypowerproductionandsales,andmainbusinessincomeisderivedfromGuangdongProvince.ThecompanyelectricitysalespriceissubjecttothebenchmarkpriceverifiedbythepriceauthorityperrelevantpoliciesbasedonNationalDevelopmentandReformCommission(NDRC)andtheelectricitytransactionpricethroughthemarkettradeimplementationperGuangdongElectricityMarketTradeBasicRulesandsupportingfiles.Duringthereportingperiod,thecompanycompletedatotalofRMB53.457billionkWhofon-gridelectricityinconsolidatedstatements,withayear-on-yearincreaseof15.34%;TheaveragepriceofelectricitysoldintheconsolidatedstatementisRMB591.86perthousandkWh(includingtax,thesamebelow),withayear-on-yearincreaseofRMB49.12perthousandkWh,or9.05%;ThetotaloperatingincomewasRMB28,340.84million,withayear-on-yearincreaseofRMB5,729.60million,or25.34%.Thecompany'sbusinessisdominatedbycoal-firedpowergeneration,andthefuelcostsaccountforalargeportionofoperatingcosts,thusthefluctuationsincoalpriceshaveasignificantimpactonthecompany'soperatingperformance.Duringthereportingperiod,affectedbytheincreaseinpowergenerationandthecontinuousincreaseincoalprices,thecompany’sfuelcostswere19,793.94millionyuan,whichaccountedfor78.73%ofthemainbusinesscosts,Affectedbythesharpincreaseofpowergenerationandcoalprice,thefuelcostincreasedbyRMB1,610.66millionyearonyear.anincreaseof8.86%.Duringthereportingperiod,China'soveralleconomicoperationrebounded,powerdemandcontinuedtogrow,thecompany'spowergenerationandon-gridelectricityconsumptionincreasedsteadily,andpowergenerationincomeincreasedsignificantly.Duetothedeclineinfuelprices,theprofitabilityofthecompany'sthermal power business has recovered, and its new energy business has maintained stable income. Thecompany'soverallperformanceinthefirsthalfof2023hasturnedlossesintoprofits.Duringthereportingperiod,thecompanyrealizedanetprofitofRMB856.54million,withayear-on-yearincreaseof2,228.28million.ThecompanyrealizedanetprofitattributedtoparentcompanyofRMB207.02millionincoal-firedpowerbusiness;254.18millioningasandelectricitybusiness;RMB-23.96millioninhydropowerbusiness;RMB301.46millioninnewenergybusiness;andRMB570.12millioninheadquartersinvestmentbusiness.Thecompanyshallcomplywiththedisclosurerequirementsof"powersupplyindustries"intheGuidelineNo.3forSelf-regulationofListedCompaniesofShenzhenStockExchange-IndustryInformationDisclosureBytheendofJune2023,thecompanyhadatotalinstalledcapacityof2.589millionkilowattsofnewenergysuchaswindpowerandphotovoltaicpower,including1.2millionkilowattsofoffshorewindpower,1.145millionkilowattsofonshorewindpowerand244,100kilowattsofphotovoltaicpower.Inthefirsthalfof2023,thecompanyaddedabout67,500kilowattsofnewenergyinstalled,allofwhichwerephotovoltaicpowergeneration;ThefirstandsecondoffshorewindpowerprojectsinJiangqingzhou,JianyangandthephotovoltaicprojectinShache,Xinjiangthatareunderconstructionhaveatotalinstalledcapacityofabout4.42millionkilowatts,andthenewenergyprojectsofabout11.8millionkilowattshavebeenregisteredandapproved.Inthefuture,thecompanywillcontinuetoactivelygraspthedevelopmenttrendofacceleratingenergytransformationunderthegoalof"emissionpeak"and"carbonneutrality",activelyexpandtheresourcesofnewenergyprojectsthroughself-constructionandacquisition,fullypromotetheleap-forwarddevelopmentofnewenergy,andbuildanecologicalandcivilizedpowerenterprise.
1.AsofJune30,2023,theholdingnewenergypowergenerationprojectsthatthecompanyhasputintoproductionareasfollows:
| Projecttype | Projectname | Installedcapacity(10,000
kilowatts) | Shareholdingratio | | WindPower | ZhanjiangXuwenYangqian | 4.95 | 70% | | WindPower | ZhanjiangXuwenYongshi | 4.95 | 70% | | WindPower | JieyangHuilaiShibeishan | 10 | 70% | | WindPower | JieyangHuilaiHaiwanshi | 1.40 | 90% | | WindPower | MaomingDianbaiReshui | 4.95 | 100% | | WindPower | ZhanjiangLeizhouHongxinlou | 4.95 | 94% | | WindPower | ZhanjiangXuwenShibanling | 4.95 | 100% | | WindPower | ZhanjiangXuwenQujie | 4.95 | 100% | | WindPower | WailluoOffshorewindpower | 19.80 | 100% | | WindPower | XuwenWutushanWindPower | 4.95 | 51% | | WindPower | XuwenDengjiaoWindPower | 4.95 | 51% | | WindPower | PingyuanMaoping | 4.80 | 100% | | WindPower | ZhuhaiJinwanOffshorewind
power | 30 | 74.49% | | WindPower | ZhangjiangXuwenWailuoII
Offshorewindpower | 20 | 100% | | WindPower | ZhanjiangXuwenXinliao
offshorewindpower | 20.35 | 100% | | WindPower | YangjiangShapaoffshorewind
power | 30 | 91.41% | | WindPower | GuangxiWuxuan | 5 | 100% | | WindPower | HunanXupuTaiyangshan | 5 | 100% | | WindPower | HunanTongdaoDagaoshan | 5 | 100% | | WindPower | DecentralizedWindPowerin
ShanweiPowerPlant | 1.08 | 65% | | WindPower | NanxiongZhuanvillage | 4.99 | 100% | | WindPower | XiangtanChangshan | 4.4 | 100% | | WindPower | PingyuanSishui | 4 | 100% | | WindPower | HenanXihuaWindPower | 1.53 | 100% | | WindPower | HenanWuzhiWindpower | 2.50 | 100% | | WindPower | HebeiZiyahe | 10 | 80% | | WindPower | ZhanjiangLeigao | 15.03 | 51% | | Photovoltaic | BaojiaPowergeneration | 0.12 | 90% | | Photovoltaic | DapuPowerplant | 0.20 | 100% | | Photovoltaic | JiuzhouNewEnergy | 1.73 | 100% | | Photovoltaic | XinhuiPowerPlant | 1.06 | 46% | | Photovoltaic | Yuehuacompany | 0.06 | 51% | | Photovoltaic | ShandongGaotang | 4.05 | 100% | | Photovoltaic | JinxiuWudeng | 0.34 | 90% | | Photovoltaic | RedBayPowerPlant | 1.38 | 65% | | Photovoltaic | WushiWudeng | 0.15 | 100% | | Photovoltaic | SanheXihua | 0.46 | 100% | | Photovoltaic | HaiyanShalan | 1 | 100% | | Photovoltaic | ShanxiHongdong | 4.80 | 100% | | Photovoltaic | MeizhouWuhua | 3 | 100% | | Photovoltaic | YuelongPhotovoltaic | 0.19 | 100% | | Photovoltaic | HanhaiPhotovoltaic | 4 | 100% | | Photovoltaic | BoluoDafengPhotovoltaic | 1 | 100% | | Photovoltaic | QingdaoNiulianPhotovoltaic | 0.58 | 99% | | Photovoltaic | PotouYuguangPhotovoltaic | 0.30 | 90% | | Total | | 258.90 | |
II.AnalysisOncoreCompetitiveness
1.ThelargestlistedcompanyofpowerinGuangdong
Thecompany'smainpowergenerationassetsarelocatedinGuangdongProvince,withatotalassetsizeofmorethan117.473billion.ItisthelargestlistedcompanyofpowerinGuangdongProvince.Itistheonlylistedcompanywithover100billionassetscontrolledbystate-ownedholdingsinGuangdongprovince.AsofJune30,2023,Thecompany,asthelargestlistedpowercompanyinGuangdongProvince,hasatotalof40,053,700kilowattsofcontrollableinstalledcapacityandentrustedmanagedinstalledcapacity,accountingforaboutaquarterofthetotalinstalledcapacityinGuangdongProvince.
2.Strongbackgroundandresourceadvantages
GuangdongEnergyGroup,thecontrollingshareholderofthecompany,asaprovincialkeyenergyenterprise,hasbeenactivelysupportinglistedcompaniestobecomebetterandstrongerbyusingtheadvantagesofitsresources,technologyandassetscale.AstheonlylistedcompanyandmainforceofGuangdongEnergyGroup,thecompanyhasalwaysbeensubordinatedtoservingtheoverallsituationofthereformanddevelopmentofGuangdongProvinceandGuangdongYudeanGroup.Ithasdeeplycultivatedthemainpowerindustry,activelyplayedthevaluediscoveryfunctionandresourceallocationfunctionofthecapitalmarket,andassistedthereformanddevelopmentofGuangdongProvince'senergyresources.
Duringthe"14thFive-YearPlan"period,Guidedbythenationalenergydevelopmentstrategy,thecompanyisimplementingthe"1+2+3+X"strategy-tobuildafirst-classgreenandlow-carbonpowerlistedcompany,coordinatesafetyanddevelopment,optimizeandstrengthencoal,gasandbiomasspowergenerationservices,andvigorouslydevelopnewenergy,energystorage,hydrogenenergyandlandparkdevelopment.Thecompanyhasabundantprojectreservesandbroaddevelopmentprospects;Withclearmainbusiness,reasonablestructure,outstandingindustrialpositionandmarketshare,ithasstrongcomprehensivestrengthandbroaddevelopmentprospects.
4.Competitiveadvantageinelectricitymarket
Thecompany'sgeneratorsethashighparameters,largecapacity,highoperationefficiency,lowcoalconsumption,stableoperation,superiorenvironmentalprotectionperformanceandstrongmarketcompetitiveadvantage.Inthefirsthalfof2023,thecompanycompletedatotalof5.3457billionkilowatt-hoursofelectricityinthemarket,andthescaleofelectricitysalescontinuedtorankfirstintheprovince,withelectricitysalespricessuperiortotheprovince'saverage.Thecompanygivesfullplaytoitsthreeadvantagesofscale,brandandservice.Withitsmarketingservicenetworkallovertheprovinceanditstechnicalaccumulationandcomprehensiveresourcesinthepowerindustry,thecompanyprovidesauxiliaryvalue-addedservicessuchaspeakregulation,frequencymodulationandbackupforthepowergrid,andprovideshigh-qualityvalue-addedservicessuchascomprehensiveenergysavingandpowerconsumptionconsultationforusers,thusrealizingthetransformationfromapowergenerationenterprisetoanenergycomprehensiveserviceenterprise.5.Advantageoffinancialresources
Atpresent,thecompany'stotalassetsreach100billion,andthecashflowofitsstockbusinessisabundant,whichprovidesagoodsupportforthecompany'ssustainabledevelopment.Thecompanyisingoodfinancialcondition,withsmoothfinancingchannelssuchasbankcredit,bondsandsecuritiesmarketsanddiversifiedfinancingmethods.Thecompanywillmakefulluseofinternalandexternalfinancialresourcestoprovidestrongfinancialguaranteefortheenterpriseproductionandoperation,keyprojectconstructionandrapiddevelopmentofnewenergyindustries.
6.Regionaldevelopmentadvantages
As themain energy sourcein Guangdong Province, the companyshoulders the importanttaskofhelpingGuangdongProvincetobuildaclean,low-carbon,safeandefficientmodernenergysystem.ThecompanywillactivelyintegrateintotheconstructionofGuangdong-HongKong-MacaoGreaterBayArea,Shenzhen'sadvanceddemonstrationzoneandthedevelopmentofGuangdong's"onecore,onebeltandonearea".Itwillsteadilypushforwardtheconstructionofkeyenergyprojectsandthedevelopmentofnewenergyresourcesintheprovinceandactivelyseektoexpandintoregionswithbetterresourceconditionsandhigherpowerdemand,Helpthe"30·60"targettobeimplemented.
III.Mainbusinessanalysis
Foundmorein"I.MainbusinessesoftheCompanyinthereportingperiod"Changesinthefinancialdata
InRMB
| | Thisreport
period | Sameperiodlast
year | YOY
change
（%） | Causechange | | Operatingincome | 28,340,840,884 | 22,611,239,733 | 25.34% | | | Operatingcost | 25,157,909,557 | 23,114,184,606 | 8.84% | | | Saleexpenses | 35,592,377 | 30,460,050 | 16.85% | | | Administrative
expenses | 553,789,310 | 477,955,874 | 15.87% | | | Financialexpenses | 1,146,457,140 | 1,081,057,844 | 6.05% | | | Incometaxexpenses | 365,380,562 | -151,269,999 | 341.54% | Duetotheprofitrecoveryofthermalpower
businessandthestabilityofnewenergy
business,thetotalprofitofthecompanyin
thisperiodincreasedyear-on-year,andthe
incometaxexpensesincreasedaccordingly. | | R&DInvestment | 466,613,651 | 752,324,970 | -37.98% | Mainlyduetothedecreaseinfuelcostsfor
researchanddevelopmentinthefirsthalfof
theyearandtheimpactonthe
implementationprogressofresearchand
developmentprojects. | | Cashflowgeneratedby
businessoperation,net | 2,720,370,016 | -208,358,510 | 1,405.62% | Benefitingfromtheincreaseinon-grid
electricityandthedecreaseinfuelprices,the
netcashflowgeneratedbyoperating
activitiesincreasedyear-on-year. | | Net cash flow
generated by
investment | -9,765,108,918 | -2,908,067,376 | -235.79% | Duetothepromotionoftheproject,thecash
paidbythecompanyforthepurchaseand
constructionoffixedassets,intangibleassets
andotherlong-termassetsinthisperiod
increasedyear-on-year,whichwascausedby
thesuperpositionofthedisposalfunds
receivedfromBoheTerminalinthesame
periodlastyear. | | Net cash flow
generatedbyfinancing | 7,005,872,760 | 5,861,027,285 | 19.53% | | | Netincreasingofcash
andcashequivalents | -38,865,772 | 2,744,601,884 | -101.42% | Affectedbyabovethreereasons.. |
Majorchangestotheprofitstructureorsourcesofthecompanyinthereportingperiod□Applicable√Notapplicable（未完）
|
|
