Guangzhou Hengyun Enterprises Holdings Ltd(000531)
Work report of the board of directors in 2021
2021 is a milestone year in the history of the party and the country. The Communist Party of China ushers in its centennial birthday; The 14th five year plan has been implemented. Under the guidance of the strategy of "carbon peaking and carbon neutralization", the power industry has embarked on a new journey on the road of "deepening power system reform and building a new power system with new energy as the main body". 2021 is also a year for the company to inherit changes, meet challenges and create new brilliance. In this year, with the strong support of all shareholders and relevant competent departments, the board of directors of the company conscientiously performed the responsibilities entrusted by the general meeting of shareholders and effectively implemented the resolutions of the general meeting of shareholders in strict accordance with the company law, securities law, guidelines for the standardized operation of listed companies on Shenzhen Stock Exchange, the articles of association and other laws and regulations under the guidance of Xi Jinping new era socialism with Chinese characteristics, Actively and regularly carry out the work of the board of directors. In the whole year, the board of directors was held 14 times, and the general meeting of shareholders of listed companies was held 5 times, and the decision-making procedures for the company's periodic reports and related major matters were performed. The audit committee, remuneration and assessment committee, nomination committee and Strategic Development Committee under the board of directors are diligent and responsible.
1、 Review of the company's main work during the reporting period
In 2021, all cadres and workers worked hard, adhered to both epidemic prevention and control and safe production, and wrote a new chapter in the development of the company with the sweat of working day and night and the wisdom of cutting through thorns and thorns.
(I) Party building is a strong and powerful guide to forge a red iron army
Over the past year, the company has given full play to the "red engine" role of Party organizations in state-owned enterprises, put adhering to the party's leadership and strengthening party construction through the whole process of the group's reform and development, forged Party organizations at all levels into a strong fighting fortress, fought tenaciously and continuously, and handed in excellent answers to the 100th anniversary of the founding of the party. On the occasion of the party's Centennial birthday, the fifth anniversary of "studying and implementing the spirit of the National Conference on Party building in state-owned enterprises" and the party building brand press conference of "531 energy pioneer station" were held to accurately create the party building brand of "531 energy pioneer station" and lead the high-quality development of energy industry with high-quality party building.
Under the severe situation of social power shortage, energy supply and soaring cost of electric coal, and before the general loss of the thermal power industry, the company demonstrated the responsibility of state-owned enterprises and made outstanding contributions to regional energy supply, which was commended by the Provincial Energy Bureau and the Municipal Bureau of industry and information technology! (II) making steady progress in production and operation and creating golden benefits
During the reporting period, the company achieved 5.731 billion kwh of on grid electricity, a year-on-year increase of 11.86%; 3.993 million tons of heat were sold, with a year-on-year increase of 14.05%; The annual operating income was 3928.2 million yuan, a year-on-year increase of 13.46%; The net profit attributable to shareholders of listed companies was 160.48 million yuan, a year-on-year decrease of 79.42%, which belongs to the level of healthy and rapid development in the industry. It is reported that the thermal power industry has ushered in the darkest hour due to the continuous soaring and record high price of power coal in 2021, and the performance of listed power companies across the country has experienced unprecedented huge losses. It is estimated that in 2021, due to the rise of power coal price, the power coal procurement cost of national coal and power enterprises will increase by about 600 billion yuan, and the cumulative loss of the whole industry will reach about 80%. In such a severe situation, the company is still a rare energy enterprise that has achieved profitability while fulfilling its social responsibility of full development and multiple development.
During the reporting period, the generator units of the company achieved the goal of "double control" issued by Guangzhou, carefully maintained the environmental protection and green brand, realized the continuous and safe operation of the units for 5328 days (including 5808 days in plant a and 5328 days in plant d), and achieved the goal of "zero accident, zero injury and zero pollution".
(III) continue to promote key projects and forge green energy
With one belt, one road and the other regions, Guangdong and Hongkong and Macao are taking full advantage of the policy support of the new energy development strategy. They take advantage of "technology plus energy" as the guide, actively seize opportunities in the energy industry chain, and strive for all-round development, especially in the fields of energy storage, photovoltaic and hydrogen energy, and accelerate the construction of green energy ecosystem. 1. During the reporting period, Guangzhou Hengyun Energy Storage Technology Co., Ltd. was established as the company's energy storage investment, development and management platform, with a registered capital of 500 million yuan. The company is committed to the commercial application of new energy storage technology. Starting from the investment and operation of power generation side, grid side and user side energy storage power stations, the company provides users with energy storage integrated solutions and explores and grasps the core technology of energy storage.
2. Haiyan 500MWp fishery light complementary project constructed by Hengguang company, as a comprehensive utilization project combining clean energy power generation, modern fishery breeding and leisure tourism agriculture, contributes to the green and low-carbon transformation of energy structure and leads the healthy development of energy industry. During the reporting period, Hengguang new energy company overcame difficulties and took on responsibilities. The first phase of 200mwp fishery photovoltaic power generation project has realized grid connected power generation. The total investment of the project is 880 million yuan and the installed capacity is 200mwp. It is estimated that the average annual power generation is about 216.23 million kwh, which can save about 77200 tons of standard coal consumption and 214000 tons of carbon dioxide emission each year.
3. The first "five in one" comprehensive energy station in South China developed in cooperation with China Petroleum & Chemical Corporation(600028) Sales Co., Ltd. opened. The project integrates the functions of refueling, hydrogenation, charging, photovoltaic power generation and non oil sales. It covers an area of 4166 square meters and has a total investment of about 20 million yuan. It is expected that the sales of refined oil in the first year after the project is put into operation will exceed 10000 tons. The company and China Petroleum & Chemical Corporation(600028) sales company will continue to cooperate to develop more comprehensive energy stations, make full use of regional advantages, seize the opportunity of optimizing energy structure in Dawan district and developing hydrogen energy industry in Huangpu District, and take major measures to expand and strengthen the main business and promote the sustainable development of the company.
4. Hengyun thermal energy group was established, and the long-distance interconnection heating project between the East and the West was completed and put into operation. With Guangzhou Hengyun West District Thermal Power Co., Ltd. as the carrier, promote the professional collection of enterprises in Hengyun thermal power sector by means of net book value transfer, and establish the company's first secondary enterprise group integrated by multiple internal enterprises. The long-distance heating project in the East and west districts has realized the interconnection and stable heating of the heating pipe network in the East and west districts of the development zone and even the Dongguan regional pipe network. It is not only a key link for the steady development of the thermal energy group in the future, but also another vivid practice of serving the development of the region and improving the business environment.
5. Participate in the establishment of knowledge city Zhiguang Hengyun (Guangzhou) comprehensive energy investment and Operation Co., Ltd. The company is jointly invested and established by knowledge city group (24% equity), the company (25% equity) and Guangzhou Zhiguang Electric Co.Ltd(002169) (51% equity). Based on the knowledge city and radiating the surrounding areas, the company will actively participate in the comprehensive energy investment, construction and operation business in the region, provide "safe, reliable, efficient, smart and green" comprehensive energy services, and is committed to becoming an international leading comprehensive energy service operator.
6. The second phase of sludge drying reduction project of environmental protection technology company was completed and put into operation. This better meets the growing demand for sewage treatment in Huangpu District, effectively ensures the normal and stable operation of the water purification plant, solves the social governance problems such as water pollution, soil pollution and sludge garbage siege of sludge, and achieves the goal of harmless and resource utilization.
7. East 2 × The main works of 460MW "gas instead of coal" cogeneration project were started, and key nodes such as capping of main power house, commencement of gas turbine Island, hoisting of boiler steel frame and connection of reclaimed water pipeline were completed. The project is a key project of Guangdong Province, Guangzhou city's "attacking the city and uprooting the village" project and Huangpu District's key project. The construction of the project will make an important contribution to the realization of the "carbon peak" goal of the Development Zone, and the effect of environmental protection and emission reduction is remarkable.
8. Under the severe situation of sharp rise in natural gas prices, distributed energy companies actively ensure the heating of high-end pharmaceutical science and technology enterprises in the knowledge city, and complete the construction and trial operation of distributed phase II boilers. This will make necessary steam supply preparations in advance for the heat demand of provincial and municipal key biopharmaceutical projects such as Baiji Shenzhou phase III, green leaf biology, Jiangsu Hengrui Medicine Co.Ltd(600276) , Kangrong Oriental, innovative vaccine production base and so on. It has made positive contributions to improving the regional business environment. 2、 Difficulties faced by the company and Countermeasures
1. High fuel cost operation. In 2022, with the outbreak of the Russian Ukrainian war, energy prices soared. At present, the price of electric coal remains at a high level. Through scientific research and judgment on the trend of coal price, the company has increased stable cooperation with coal long-term association suppliers, reasonably arranged coal procurement, optimized the organization of supply, stabilized the supply of raw materials, and spared no effort to reduce costs and increase efficiency. At the same time, strengthen the real-time monitoring of coal, daily consumption and inventory, and strengthen the communication of supply connection.
2. Supply guarantee pressure is prominent. As an important power and heat production enterprise in the region, the company is located in the load center and undertakes the task of power and heat supply to ensure regional economic development and maintain regional social stability. The company has a high position, detailed deployment, strict requirements and practical style, resolutely shoulder the political responsibility of regional energy supply, and maintain regional social and economic stability.
3. Impact of covid-19 epidemic on production and operation. The company will continue to implement the deployment requirements of the superior party committee and government on combating covid-19 pneumonia, implement epidemic prevention and control measures, seek progress while maintaining stability, and maintain the healthy and stable development of the enterprise.
4. Impact of electricity market reform. In 2021, the national development and Reform Commission issued the notice on further deepening the market-oriented reform of on grid electricity price for coal-fired power generation, which attracted great attention from both inside and outside the industry. Our company actively embraces change, responds to policies, participates in green power trading and carbon market, straightens out the relationship between coal and electricity, increases scientific and technological innovation, breaks through key core technologies, and makes every effort to create a "Hengyun scheme" for green power consumption. On the one hand, the company will strengthen the analysis of economic situation and power supply and demand situation, do a good job in the planning and response of spot trading pilot, reasonably arrange the unit generation and maintenance plan, and improve the mechanism of power marketing and production management; On the other hand, in the context of the national "double carbon" goal, the company will accelerate the layout of renewable energy power, further optimize the energy allocation, and make the development of the company more in line with the requirements of the times.
5. Energy storage, hydrogen energy and other new energy fields are still in the early stage of development and lack of perfect business model, but the development prospect is good. The company will comply with the national energy development strategy from a long-term perspective, make full use of relevant policies and develop new energy business with firm confidence.
3、 Prospect of the company's future development
(I) industry situation and development opportunities
In recent years, China's new energy represented by wind power and photovoltaic power generation has achieved leapfrog development. By the end of October 2021, the cumulative installed capacity of renewable energy power generation in China had reached 1.002 billion kw, accounting for 43.5% of the total installed capacity of power generation in China. According to the analysis and prediction report on the national power supply and demand situation in 20212022 issued by China Power Council, the national power supply and demand situation is predicted: the power consumption of the whole society will increase by 5% - 6% year-on-year in 2022; By the end of 2022, the installed capacity of non fossil energy power generation is expected to account for 50% of the total installed capacity for the first time; At the national energy work conference in 2022, the national energy administration made it clear to make every effort to ensure energy security, accelerate green and low-carbon energy development and promote energy science and technology innovation.
According to the outline of the development plan of Guangdong Hong Kong Macao Bay area, "Vigorously promote the structural reform of the energy supply side, optimize the energy structure and layout of Guangdong, Hong Kong and Macao Bay area, and build a clean, low-carbon, safe and efficient energy supply system. Vigorously develop green and low-carbon energy, accelerate the utilization of natural gas and renewable energy, orderly develop wind energy resources, develop Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation and biomass energy according to local conditions, safely and efficiently develop nuclear power, vigorously promote the clean and efficient utilization of coal, and control coal Total consumption and continuously increase the proportion of clean energy. " The coastal areas of Guangdong are rich in light resources, which is conducive to the development of green energy such as photovoltaic. As an important energy enterprise located in the "pearl on the top of the bay" region, the company has the advantages of favorable weather, geographical conditions and harmonious people. The company will firmly seize the major opportunity of Guangdong, Hong Kong and Macao Bay area, cultivate new opportunities in the crisis, open a new situation in the changing situation, actively transform and develop, and enhance the core competitiveness of the main energy industry.
(II) development strategy and business plan of the company
1. Guided by Party building, honing the original mission
Guided by the thought of Xi Jinping new era socialism with Chinese characteristics, the company will fully implement the spirit of the 19th National Congress of the Communist Party of China and all previous plenary sessions of the 19th National Congress of the Communist Party of China, enhance "Four Consciousness", strengthen "four self-confidence", achieve "two maintenance", carry forward the great spirit of Party building, constantly improve political judgment, political understanding and political execution, and deeply study and understand the decisive significance of "two establishment". Adhere to the general tone of seeking progress while maintaining stability, enhance the sense of hardship, improve business ability, continue to carry out the establishment activities of the "five strong and five modernizations" demonstration party organization, and forge the grass-roots party organizations at all levels of the company into a stronger and more powerful one.
2. Promote high-quality development with entrepreneurial passion
The company will strive to create a new situation of "entering", seize the opportunity to "overtake on the curve" and become a catcher of new energy. Strive to achieve an installed capacity of 3 million kilowatts of new energy units within five years, and accelerate the construction of a new power system with new energy as the main body. Vigorously develop and distribute new energy businesses such as energy storage, photovoltaic power generation, natural gas power generation and wind energy, and become a leading enterprise in the new energy industry. Enable scientific and technological innovation, build an industrial structure of "energy + science and technology", forge a green energy industry and enhance the core competitiveness of energy technology.
Accelerate the development of energy storage business and comprehensive energy services. Actively promote the commercialization process of energy storage + photovoltaic, actively follow the national energy storage development plan, make full use of relevant support policies, and seek the development opportunities of energy storage projects; Build energy storage companies according to the standards of listed companies. Actively explore smart energy systems and microgrids. Promote the implementation of virtual power plants and actively respond to the needs of subordinate enterprises.
Fully promote the construction of photovoltaic base and speed up land acquisition, outgoing line and other work. First, Jiangmen Taishan phase II 300MWp photovoltaic project was completed and put into operation this year. Second, the construction of Shantou photovoltaic project will start within this year. Third, actively explore high-quality wind power, photovoltaic, water conservancy and other energy projects to open up the new energy industry chain.
Fully implement the national requirements on ensuring regional power security and energy security, building clean, efficient, advanced and energy-saving coal-fired power facilities, giving full play to the main power supply to ensure energy security, giving full play to the role of coal-fired power units as "ballast" to ensure energy security in the peak power generation process, and build one high-capacity, high parameter 660MW ultra supercritical cogeneration unit with low energy consumption. Accelerate the promotion of two gas stations in the East
