Chongqing Three Gorges Water Conservancy And Electric Power Co.Ltd(600116) 4 on April 11, the 2021 performance express showed that last year, the company achieved a total operating revenue of 10.177 billion yuan, a year-on-year increase of 93.62%; The net profit attributable to the parent company was 865 million yuan, a year-on-year increase of 39.55%; The net profit after deducting non profit was 682 million yuan, an increase of 56.12%, and the earnings per share was 0.45 yuan. By the end of 2021, the total assets of the company were 21.269 billion yuan, an increase of 9.15% over the beginning of the year; The owner’s equity attributable to the parent was 10.933 billion yuan, an increase of 7.09%.
It is understood that in May 2020, the company completed major asset restructuring, so the data of the same period last year only included the data of the target company from June to December, and the comparison base is small. In 2021, focusing on the strategic development goal of “building a first-class comprehensive energy listed company based on power distribution”, the company actively gave full play to the advantages of mixed ownership enterprise system and mechanism, continued to improve core competitiveness and enterprise operation efficiency, continuously consolidated the basic sector of power business and expanded innovative business space. The power sales and operating income reached a record high, the profitability was significantly enhanced, and the annual operating performance achieved a significant increase.
In addition, due to the rising price of electrolytic manganese, the company’s sales revenue and profit of electrolytic manganese increased year-on-year; The wholly-owned subsidiary participates in the non-public offering of shares by other listed companies and recognizes the increase in income from changes in fair value; According to the policy requirements, Chongqing Wuling Manganese Industry Co., Ltd. was shut down, and some of its assets and inventory materials were scrapped, which correspondingly reduced the net profit attributable to the parent company.
Chongqing Three Gorges Water Conservancy And Electric Power Co.Ltd(600116) at the same time, the announcement of pre reduction of performance in the first quarter of 2022 was announced. According to the preliminary calculation of the financial department, the net profit attributable to the parent company is expected to be 8 million yuan to 12 million yuan from January to March this year, a sharp decrease of 95% to 92% year-on-year; It is estimated that the net profit attributable to the parent company after deducting non-profit is 118 million yuan to 144 million yuan, a slight decrease of 19% to 1% year-on-year.
The company said that in the first quarter of this year, it completed 416 million kwh of self generated electricity, with a year-on-year increase of 24.33%, and 2.986 billion kwh of electricity sold, with a year-on-year decrease of 4.20%. Due to the year-on-year increase of self generated water and electricity, the net profit of power business increased year-on-year. Due to the year-on-year decrease in sales of electrolytic manganese and the planned shutdown of Guizhou manganese plant, the profit of manganese ore mining and electrolytic manganese production, processing and sales decreased year-on-year. The non recurring profit and loss that has the greatest impact on the net profit comes from the change loss of the fair value of the shares participating in the fixed increase. After a large increase last year, this part of the shares fell again during the reporting period, which is expected to affect the net profit of the company by about 157 million yuan.
