According to incomplete statistics from Polaris Power Network, 23 listed thermal power companies have released 2023 performance forecasts, 19 companies have made profits, and 4 companies have lost money. The net profit of Huadian International, Shenergy Co., Ltd., Ganneng Co., Ltd., Shanghai Electric Power and other enterprises increased by more than 200%.
1. Huaneng International
In 2023, Huaneng International will achieve a net profit of 8 billion to 9 billion yuan, turning losses into profits year-on-year.
Reasons for the change in performance:
The first is the combined impact of factors such as the year-on-year decline in domestic coal burning** and the year-on-year increase in electricity consumption, and the second is the significant year-on-year increase in the profit of the Company's Singapore business.
2. Zheneng Electric Power
In 2023, Zheneng Power will achieve a net profit of 6106-73.1.8 billion yuan, a year-on-year turnaround.
Reasons for the change in performance:
Due to the decline in coal**, the increase in power generation and the improvement of the efficiency of the company's shareholding enterprises.
3. Guodian Electric Power
In 2023, Guodian Power will achieve a net profit of 5.3-5.8 billion yuan, a year-on-year increase of 9292%-111.12%。
Reasons for the change in performance:
1.The company strengthened operation efficiency, increased cost control, decreased fuel ** year-on-year, increased the profit contribution of its coal-fired power enterprises, and increased the investment income of coal-fired power enterprises.
2.The company accelerated structural optimization, promoted green development, and the installed capacity of new energy reached a new high, and the on-grid electricity of new energy increased steadily.
3.The company's holding subsidiary, State Power Construction Investment Inner Mongolia Energy, was affected by the temporary shutdown of the Chahasu Coal Mine, and its profitability declined, affecting the company's net profit attributable to the parent company to decrease.
4. Huadian International
In 2023, Huadian International will achieve a net profit of 415-49.800 million yuan, a year-on-year increase of 4050%-4880%.
Reasons for the change in performance:
It was affected by the decline in fuel**, the incremental benefits contributed by new projects and the decrease in investment income of coal enterprises.
5. Shenergy shares
In 2023, Shenergy will achieve a net profit of 3.3-3.5 billion yuan, a year-on-year increase of 200%-230%.
Reasons for the change in performance:
It is mainly due to the comprehensive impact of factors such as coal prices, the growth of power generation, and the increase in the capacity of new energy machine assembly machines.
6. Yongtai Energy
In 2023, Yongtai Energy will achieve a net profit of 223-23.300 million yuan, a year-on-year increase of 1680%-22.04%。
Reasons for the change in performance:
During the reporting period, the production and sales volume of the company's coal business increased year-on-year, and the procurement cost of thermal coal in the power business decreased year-on-year.
7. *ST Jinshan
In 2023, *ST Jinshan will achieve a net profit of 2110-22.1 billion yuan, a year-on-year turnaround.
Reasons for the change in performance:
The main reason is that the company carried out major assets in the current period, and the impact of 100% equity of Liaoning Huadian Tieling Power Generation and 51% equity of Fuxin Jinshan Coal Gangue Thermal Power held by Huadian Liaoning Energy; Second, the company focused on the power market, coal market and capital market, continued to deepen the quality and efficiency improvement, and promoted the company's operating performance and asset quality and efficiency to be greatly improved.
8. Jiangsu Guoxin
In 2023, Jiangsu Guoxin will achieve a net profit of 1835-22.7.5 billion yuan, a year-on-year increase of 259167%-3237.09%。
Reasons for the change in performance:
First, the financial sector has stable operation and development, and its income has continued to grow; Second, coal ** fell, the energy sector strengthened fuel management, and the profit contribution was further improved. All companies strictly control costs and expenses, strive for ancillary service revenues, and continue to improve quality and efficiency. During the reporting period, the company's non-recurring gains and losses mainly consisted of gains and losses on changes in the fair value of trading financial assets and subsidies.
9. Anhui Power
In 2023, Wanneng Power will achieve a net profit of 131-1.5 billion yuan, a year-on-year increase of 16184%—199.82%。
Reasons for the change in performance:
Electricity demand maintained high growth, the company successively put into operation Fuyang China Resources Phase II and Xinjiang Jiangbu Power Plant during the year, the overall power generation increased by nearly 20%, and at the same time, the coal price pivot moved downward, and the coal cost of the company's shareholding power generation enterprises improved, and the performance achieved a substantial increase.
10. Shanghai Electric Power
In 2023, Shanghai Electric Power will achieve a net profit of 1375-16.3.6 billion yuan, a year-on-year increase of 32835%-409.66%。
Reasons for the change in performance:
First, the marginal income of coal-fired power has continued to improve, and the efficiency of coal-fired power enterprises has been improved. Second, the company has accelerated green transformation and development, and achieved growth in the scale and efficiency of clean energy power generation at home and abroad.
11. Datang Power Generation
In 2023, Datang Power will achieve a net profit of 1.0-1.5 billion yuan, turning losses into profits year-on-year.
Reasons for the change in performance:
In 2023, the company continued to promote green and low-carbon transformation and development, and the installed capacity of clean energy continued to increase, effectively driving the overall power generation for the whole year to increase year-on-year, and the operating income to increase year-on-year.
12. Guangdong Electric Power
In 2023, Guangdong Electric Power will achieve a net profit of 8-1.2 billion yuan, turning losses into profits year-on-year.
Reasons for the change in performance:
In 2023, the company's on-grid electricity of all major power types will increase year-on-year, and its operating income will increase significantly, among which the amount of gas, wind power, and photovoltaic power will increase significantly, and the green transformation will have achieved initial results. The coal market has fallen, and the marginal income of the coal power business has improved. The company's performance turned into a profit during the year.
13. Bao New Energy
In 2023, Bao New Energy will achieve a net profit of 765-9.800 million yuan, a year-on-year increase of 31764 %—435.02 %。
Reasons for the change in performance:
In 2023, coal** will decline year-on-year, and the company's power generation and on-grid electricity will increase year-on-year; At the same time, the company optimizes internal management, improves quality, reduces costs and increases efficiency, stabilizes production, reduces costs, controls expenses, promotes growth, and further improves profitability.
14. Spike Hengyun
In 2023, Suihengyun will achieve a net profit of 225-3.3.5 billion yuan, a year-on-year turnaround.
Reasons for the change in performance:
The main reason is the year-on-year decline in coal** and the year-on-year increase in electricity prices.
15. Changyuan power
In 2023, Changyuan Power will achieve a net profit of 313-4.1.7 billion yuan, a year-on-year increase of 15482%–239.49%。
Reasons for the change in performance:
The unit price of comprehensive standard coal for thermal power units decreased year-on-year; Hydropower generation increased year-on-year; New photovoltaic and wind power projects have been put into operation one after another to increase profits; The above reasons led to a year-on-year increase in the company's net profit.
16. Tianfu Energy
In 2023, Tianfu Energy will achieve a net profit of 45.2 billion yuan, a year-on-year turnaround.
Reasons for the change in performance:
1. During the reporting period, the company implemented the Notice of the Development and Reform Commission of the Corps on Approving the Transmission and Distribution Prices of the Eighth Division of the Eighth Division in 2022 and 2025 (Bing Fa Gai ** Gui No. 2022 No. 174) issued by the Development and Reform Commission of the Xinjiang Production and Construction Corps, implemented the two-part electricity price for industrial users of 10 thousand volts and above, and clarified the transmission and distribution price standards of the power grid. Improve the electricity price formation mechanism, and return the industrial electricity price to a reasonable range, thereby increasing the power supply income, resulting in an increase in the company's profits.
2. During the reporting period, the company's coal procurement declined, and the purchased electricity decreased significantly year-on-year, comprehensively reducing the company's power supply cost and improving the company's profitability.
17. Ganneng shares
In 2023, Ganneng will achieve a net profit of 43-5.300 million yuan, a year-on-year increase of 393817%–4877.27%。
Reasons for the change in performance:
Unit 8 of the company's Fengcheng Power Plant was in normal commercial operation during the current period, and the company's thermal power generation and operating income increased significantly, while the fuel cost decreased compared with the same period last year.
18. Jiantou Energy
In 2023, Jiantou Energy will achieve a net profit of 1700 million yuan, a year-on-year increase of 6507%。
Reasons for the change in performance:
In 2023, the social demand for electricity will increase year-on-year, the company's power generation and power generation revenue will increase compared with the previous year, the highest level of the coal market will fall, and the profitability of thermal power enterprises will gradually recover. At the same time, the company strives to reduce costs and increase efficiency by optimizing the debt structure, accelerating the return of funds, and reducing capital costs.
19. Shennan Electric A
In 2023, Shennan Power A will achieve a net profit of 004-0.0.6 billion yuan, a year-on-year turnaround.
Reasons for the change in performance:
1. During the reporting period, the company focused on its main responsibilities and main business, planned in advance, and formulated a clear strategy with the goal of maximizing the comprehensive income of the power business, and at the same time strengthened the management of gas and electricity matching, opened up fuel procurement channels, further reduced the cost of fuel procurement, and the marginal contribution of the power business increased significantly year-on-year.
2. During the reporting period, the company strengthened overall budget control, optimized budget implementation assessment, vigorously promoted management measures to reduce costs and increase efficiency, and carried out a series of work such as intensive procurement, pressure reduction variable costs, and reduction of financing costs, resulting in a year-on-year decrease in costs and expenses, and achieved simultaneous improvement in operating efficiency and efficiency.
3. During the reporting period, a number of industrial support policies were introduced at the two levels in the urban area, and the company actively communicated with relevant departments, closely followed various subsidy policies, and successfully obtained more than 30 million yuan of various subsidies, including 25.4 million yuan of relief subsidy funds for Shenzhen gas-fired thermal power plant.
20. Huadian Energy
In 2023, Huadian Energy will achieve a net profit loss of 1100 million yuan.
Reasons for the change in performance:
The main reasons for the year-on-year decrease in the performance of this period are: first, the company has taken multiple measures to improve quality and efficiency, and achieved additional power issuance and a year-on-year decrease in fuel costs; the second is to win some urban heating subsidies and wholesale heat price increases; Third, financial expenses decreased significantly year-on-year.
Although the company vigorously carried out the work of improving quality and efficiency, due to the fact that the coal ** was still at a high level, the heat price was not raised, and the heating cost was not in place, the performance of the current period was in a loss.
21. Huayin Power
In 2023, Huayin Power will achieve a net profit loss of 17-200 million yuan.
Reasons for the change in performance:
The company's main business is thermal power generation business. In 2023, the company will take multiple measures to improve the profitability of its main business, and the loss of its main business will be reduced by more than 700 million yuan compared with the previous year, but due to the continuous high operation of coal, the company's main business will suffer a loss in 2023. The company's operating income in 2023 will be about 9.9 billion yuan, of which the operating income of thermal power will be about 8.8 billion yuan, accounting for 88% of the operating income 89%。In 2023, the company will achieve an operating cost of about 9.5 billion yuan, of which the operating cost of thermal power will be about 8.7 billion yuan, accounting for 91% of the operating cost 58%。
22. Jinkong Power
In 2023, Jinkong Power will achieve a net profit loss of 45-600 million yuan.
Reasons for the change in performance:
The decrease in loss was mainly due to the decrease in coal procurement costs due to the decline in the company's coal **.
23. Yuneng Holdings
In 2023, Yuneng Holdings will achieve a net profit loss of 6-6500 million yuan.
Reasons for the change in performance:
The net profit attributable to shareholders of listed companies in 2023 decreased significantly from the same period last year, mainly due to:
During the reporting period, the company actively responded to unfavorable factors such as high coal prices, increased the proportion of medium and long-term coal procurement, and decreased the comprehensive coal purchase price year-on-year; Actively participated in peak shaving auxiliary services, and the comprehensive settlement electricity price for the whole year was higher than that of the same period.
Original**: Polaris Power Grid.
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