Securities code: 600744 securities abbreviation: Datang Huayin Electric Power Co.Ltd(600744) Announcement No.: pro 2022-003 Datang Huayin Electric Power Co.Ltd(600744)
Announcement of annual performance loss in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
1. Datang Huayin Electric Power Co.Ltd(600744) (hereinafter referred to as “the company”) is expected to realize a net profit attributable to shareholders of listed companies ranging from -2.128 billion yuan to -2.468 billion yuan in 2021.
2. After deducting non recurring gains and losses, the company’s net profit attributable to shareholders of Listed Companies in 2021 is expected to be -2.078 billion yuan to -2.418 billion yuan.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
1. According to the preliminary calculation of the company’s financial department, the net profit attributable to the shareholders of the listed company is expected to be -2.128 billion yuan to -2.468 billion yuan in 2021.
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is expected to be -2.078 billion yuan to -2.418 billion yuan.
3. The performance forecast data has not been audited by certified public accountants.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of the listed company: 34.6425 million yuan; net profit attributable to shareholders of the listed company after deducting non recurring profits and losses: – 4.7294 million yuan.
(II) earnings per share: 0.02 yuan / share.
3、 Main reasons for performance loss in advance in the current period
(I) affected by the rise of coal price, the fuel cost of the company in 2021 increased by 3.577 billion yuan year-on-year, and the affected profit decreased by 2.953 billion yuan.
In 2021, the company completed 23.22 billion kwh of power generation, with a year-on-year increase of 2.426 billion kwh, an increase of 11.67%; The operating revenue was 9.607 billion yuan, a year-on-year increase of 1.352 billion yuan, an increase of 16.37%. Among the operating revenue, the power sales revenue was 8.883 billion yuan, with a year-on-year increase of 1.302 billion yuan, of which: the increase of power generation affected the growth of power sales revenue by 863 million yuan; As the on grid price (including tax) increased by 23.13 yuan / MWh year-on-year (an increase of 5.20%), the power sales revenue increased by 439 million yuan.
In 2021, the company realized an operating cost of 10.787 billion yuan, a year-on-year increase of 3.395 billion yuan, an increase of 45.93%. Among the operating costs, the sales cost of electric power was 10.25 billion yuan, with a year-on-year increase of 3.397 billion yuan, of which the fuel cost of thermal power was 7.836 billion yuan, with a year-on-year increase of 3.577 billion yuan. The fuel cost increased by 624 million yuan due to the increase in the amount of standard coal for power generation, and the fuel cost increased by 2.953 billion yuan due to the year-on-year increase in the price of standard coal for power generation (an increase of 60.47%).
(II) the company’s associated enterprises Guangdong Datang International Leizhou Power Generation Co., Ltd. (33% of the company’s shares) and Datang Huayin Youxian Energy Co., Ltd. (38% of the company’s shares) suffered serious losses due to the sharp rise in coal prices. As a result, the company realized an investment income of – 340 million yuan in 2021, with a year-on-year increase of 333 million yuan.
4、 Risk tips
This performance forecast is the preliminary accounting conducted by the company’s financial department based on its own professional judgment, which has not been audited by certified public accountants. The company has no major uncertainties affecting the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.
Datang Huayin Electric Power Co.Ltd(600744) board of directors January 29, 2022
