Yangtze River Business Daily reporter Xu Liangli.
Changyuan Power (000966.)SZ) is promising.
A few days ago, Changyuan Power released a performance forecast, and it is expected that the net profit attributable to the parent company in 2023 will be 31.3 billion yuan - 41.7 billion yuan, a year-on-year increase of 15482%—239.49%。In 2022, the company's net profit attributable to the parent company will increase by 584 year-on-year54%, which has achieved high performance growth for two consecutive years.
In recent years, the company has accelerated the layout of new energy and promoted industrial transformation. According to incomplete statistics, since 2022, Changyuan Power has announced a cumulative investment of more than 25 billion yuan in new energy projects.
Visual China Diagram.
The performance has increased for two consecutive years
Changyuan Power is a listed company controlled by China Energy Investment Group, established in April 1995, its main business is the production and sales of electricity and heat, and its business segments mainly include thermal power, hydropower, new energy power generation and electricity sales.
For a long time, the power business has been the main income of Changyuan Power**. According to the financial report, in the first half of 2023, Changyuan Power will achieve a total operating income of 692.1 billion yuan, of which the revenue of power products was 62100 million yuan, accounting for nearly ninety percent of the total revenue. In terms of gross profit margin, in the first half of 2023, the gross profit margin of Changyuan Power's power business was 1427%, a year-on-year increase of 087 percentage points, driving the company's overall gross profit margin from 6 percent last year18% to 1174%；In contrast, the gross profit margin of the thermal business is less optimistic, only -254%, down 1183%。
Changyuan Power's 2023 performance forecast shows that the net profit attributable to shareholders of listed companies in 2023 is expected to be 31.3 billion yuan - 41.7 billion yuan, a year-on-year increase of 15482%—239.49%；Basic earnings per share was 01138 yuan - 01517 yuan.
The unit price of comprehensive standard coal for thermal power units decreased year-on-year, hydropower generation increased year-on-year, and new photovoltaic and wind power projects were put into operation one after another to increase profits, resulting in a year-on-year increase in the company's net profit.
In fact, in the past two years, under the condition of promoting industrial transformation, Changyuan Power's performance has achieved rapid growth. In 2022, the company achieved an operating income of 1466.2 billion yuan, net profit attributable to the parent company 12.3 billion yuan, deducting non-net profit of 5120200,000 yuan, a year-on-year increase. 39%。On this basis, in 2023, the company's performance will continue to grow rapidly.
Vigorously increase new energy
As a coal-fired power company, Changyuan Power's performance is affected by factors such as coal, and the fluctuations are obvious, which can be reflected in the gross profit margin index that reflects profitability. From 2020 to the first half of 2023, Changyuan Power's comprehensive gross profit margin was as follows: 84% and 1167%。To this end, in recent years, the company has accelerated the development of new energy industries such as hydropower, wind power, and photovoltaic power generation.
On January 15, Changyuan Power disclosed the issuance of a prospectus to specific objects, and planned to raise 3 billion yuan, of which about 252.3 billion yuan will be used for 10 photovoltaic power generation projects in Hanchuan, Suizhou, Jingmen and other regions in Hubei Province.
This is the latest in Changyuan Power's continuous increase in new energy measures in recent years. According to incomplete statistics, since 2022, Changyuan Power has announced a cumulative investment of more than 25 billion yuan in new energy projects.
The large-scale investment has also brought certain financial pressure to Changyuan Power. According to the announcement, at the end of 2022, Changyuan Power's construction projects were 7.6 billion yuan, a year-on-year increase of 443%, and by September 2023, although the projects under construction had dropped to 537.4 billion yuan, but the proportion of non-current assets is still 1726%。
The book value of fixed assets as a percentage of total assets has decreased. According to the disclosure, at the end of 2020, the book value of Changyuan Power's fixed assets was 1508.8 billion yuan, accounting for more than 70% of total assets, and in September 2023, the proportion has fallen by 1344 percentage points to 5973%。Changyuan Power said that the company continues to carry out the construction of thermal power, photovoltaic and other projects, and with the gradual consolidation of projects under construction, the book value of the company's fixed assets will be further increased.
According to Changyuan Power's plan, it is expected that during the "14th Five-Year Plan" period, the new installed capacity of new energy sources such as wind power and photovoltaic will exceed 5 million kilowatts, and the construction of hydropower projects will be steadily promoted, further consolidating the company's leading position in the installed power generation capacity in Hubei. In the field of new energy, Changyuan Power will actively participate in the construction of pumped storage power station projects in Hubei Province.
Exclusive in-depth recommendation:
Chen Dongsheng's legend has created three industry leaders to rank among the world's top 500 Chen Yilun is at the helm of 100 billion ** or takes over Taikang aircraft carrier.
WuXi AppTec's share price fell, its market value shrank by 265.7 billion yuan in two years, and eighty percent of its revenue came from overseas shareholders, cashing out more than 40 billion yuan.
Dongpeng Beverage's senior executives collectively plan to cash out 2 billion and earn 2.6 billion dividends, 2 billion dividends, and the market value has evaporated 47.2 billion.
Dong'e Ejiao live broadcast room overturned and was fined 110,000 yuan, and the sales fee exceeded 1.3 billion, which was abnormally high, and R&D dropped for four consecutive years.
Oriental Garden has misreported its annual report and received fines for 4 consecutive years, with a loss of 9.5 billion yuan in the past 4 years, with a debt ratio of 89%, and it is urgent to get out of trouble
The pledge rate of Yongyue Technology's controlling shareholders rose to nearly 99%, and the floating loss was 2 in 3 years700 million on the back of 5400 million loan lawsuits, Marubeni's revenue is expected to exceed 2 billion for the first time, the second brand is growing rapidly, and the gross profit margin exceeds 70%.
Zeng Yuqun gambled on lithium batteries for seven years to ascend to the Iron Throne, and the market value of CATL was "de-Ningwang", and the market value evaporated by 930 billion.
Yunnan Baiyao cleared 10 billion yuan, lost 2.5 billion yuan in two years, and the net profit** deviated from the stock price and fell by 50% in the past three years
Salt Lake shares spend 70 a year500 million financial management contains 26The net profit of the two major products of 500 million trust was halved year-on-year.
Vanke was reported for tax evasion of 100 billion yuan, and the tax department intervened in the investigation and responded that the content of the report was "slander and rumors".
The total assets of China Merchants Bank exceeded 11 trillion yuan, and the non-performing rate dropped to 095% Non-interest net income decreased by 2 billion, and revenue grew negatively for two consecutive quarters