Jilin Electric Power Co.Ltd(000875) investor relations activity record No.: 2022002
Investor relations activity category □ specific object research □ analyst meeting
□ media interview □ performance briefing
□ press conference □ Roadshow
□ site visit
□ others (telephone communication meeting)
Name and surname of participants China International Capital Corporation Limited(601995) Liu Jiani, Qu Haoyuan, Zhu Zun and Wang Jingru
China Merchants Securities Co.Ltd(600999) Jiao Yiding of asset management department
name
Rosefinch Fund Management Co., Ltd. Yang Xinda
Rongchang Asset Management Co., Ltd. Peng Yun
Dapu Asset Management Co., Ltd. Liu Yudong
Fengjing capital management (Beijing) Co., Ltd. lizhengqiang, ouhaitao
Ruiyuan fund Zhong Ming
Taiping Asset Management Co., Ltd. (Taiping Insurance Asset Management) Tong Xiaolong
Hongdao Wang Kai
Boc International (China) Co.Ltd(601696) asset management department Zhang Yansong
Millennium capital management (Hong Kong) Limited Luoyang BAOYING Fund Management Co., Ltd. song Kejia and Hou Jiamin
Tibet Hezhong Yisheng Investment Management Co., Ltd. Chen Yonghong
Hangzhou suijiu Asset Management Co., Ltd. Wang Lei and Zhang Chengcheng
Shenzhen Qianhai Haiya Financial Holding Co., Ltd. Yang Jing
Changjiang Endowment Insurance Co., Ltd. Liu Chang
Shanghai Feima Investment Management Co., Ltd. Yang Jie
Wanjia Fund Management Co., Ltd. Li Yang
Mingyi Private Equity Fund Management Co., Ltd. Guo Mengjie
Changdu Gaoteng Enterprise Management Co., Ltd. Chen Hao, Chen Siyuan
Shanghai Pengtai Investment Management Co., Ltd. Zhu Kailun, Chen Peng
Guangdong Jiarun Industrial Co., Ltd. Ma Cheng
Beijing Kaidu Investment Management Co., Ltd. Yang Lin
Delphi capital is careful
Zheshang Fund Management Co., Ltd. Cha Xiaolei
Csfg International Asset Management Limited Zhengtao Beijing Jingxing Asset Management Co., Ltd. Liu linxuan
Haining Shibei investment management partnership (limited partnership) Qin Xuefeng
DAWN CAPITAL LIMITED ZhuShaw
Greenwoods asset Wang Song
Penghua Fund Management Co., Ltd. Zeng Wengang
Horizon China Master Fund YeCong
CDH Investment Consulting - steady growth A-share fund Jiang Yangjing
Shenzhen Fengling Capital Management Co., Ltd. Li Haotian
Xiamen Borui Oriental Investment Management Co., Ltd. Jiang Zhihui
Changjiang Securities Company Limited(000783) Tong song
Prudence Investment Management (HK) Ltd ZhouHao
Fuguo Fund Management Co., Ltd. Wu Yunze
Shanghai Shenyu Asset Management Co., Ltd
Xie Nuo Chenyang Private Securities Investment Management Co., Ltd. Lin Hao
Shanghai Jianshun Investment Management Co., Ltd. Wang Zhanfan
Time: 15:30-16:40 PM, April 14, 2022
Location teleconference
Name of receptionist of listed company Cai Yanfu, chairman
Niu Guojun, general manager
Ma Jia, deputy general manager
Chief accountant Xie Jing
Zhao Min, Secretary of the board of directors
Development Director Zhang Rui
Capital operation Department Liu Shuang, American Lin gaoxue
Xu Zhenjun, Ministry of new energy
Fuel pipe center Hao Baowei Yang Hong
Li Mao, thermal power department
Hydrogen energy industry center Wang Xianmin
Planning and finance department Zhu Yuyan, Wang Rui
Zhao Sheng, marketing department
Cao Guoqing, Ministry of science, technology and innovation
Strategic Development Department
1、 Jilin Electric Power Co.Ltd(000875) chief accountant Xie Jing briefly introduced the company's operation in 2021:
In 2021, focusing on the general idea of "tamping the foundation, promoting development, strengthening capacity, preventing risks and creating value" and the overall business goal of "improving quality, increasing efficiency and continuously increasing profits", the company achieved remarkable results in all work and successfully completed the set objectives of all work.
By the end of 2021, the installed capacity of the company was 104457 million KW, of which: new investor relations activities were mainly within
The installed energy capacity is 7.1457 million KW, accounting for 68.41%. The total assets are 66.752 billion yuan
An increase of 19.01% over the beginning of the period; The net assets were 14.28 billion yuan, an increase of 26.4% over the beginning of the period; The asset liability ratio was 78.61%. In 2021, the power generation was 24.324 billion kwh, a year-on-year increase of 15.87%; The operating revenue was 13.178 billion yuan, an increase of 30.99% year-on-year; Overcome the sharp rise in coal, and realize the net profit attributable to the company's shareholders of 450 million yuan, a year-on-year decrease of only 5.79%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 361 million yuan, an increase of 11.45% year-on-year.
1. New energy has become the absolute support of the company's benefits. Coal price of the company in 2021
Under the background of the sharp rise of the industrial environment, the net profit attributable to the company's shareholders was 450 million yuan. Thanks to the adjustment and upgrading of the company's industrial structure and refined management, the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 361 million yuan, an increase of 11.45% year-on-year. New energy power generation increased by 46.76% year-on-year, accounting for 44.36% of the total power generation; The main business revenue of new energy increased by 36.45% year-on-year, and the new energy power revenue accounted for 55.45% of the total power revenue.
2. The performance of the company's thermal power sector decreased year-on-year. Affected by the industrial environment, the cost of electric coal has risen sharply, and the cost of thermal power generation has increased greatly. The gross profit margin of thermal power (including thermal power) in 2021 decreased by 4.07 percentage points compared with the same period of last year.
In 2022, the company will continue to follow the strategic positioning of "advanced energy technology developer, clean and low-carbon energy supplier and energy ecosystem integrator", adhere to the general development idea of "clean and low-carbon, reform and innovation, benefit priority and first-class development", and build a world-class clean energy enterprise driven by advanced energy technology innovation, based on clean and low-carbon energy supply and energy ecosystem integration.
2、 Communicate on the following issues:
1. What is the proportion of new installed capacity in 2021? Installed capacity planning in 2022? A: in 2021, the company added 1316100 kW of installed capacity, including 326300 kW of wind power and 989800 kW of photovoltaic power. In 2021, the total installed capacity of new energy will be 7.1457 million KW, with scenery accounting for about 4:6.
According to the overall arrangement of the 14th five year plan of the company, the total installed capacity is expected to reach 20 million KW, and the proportion of clean energy is more than 90%. The annual development scale plan is basically the same, and the company's reserves can meet the demand.
2. The impact of the recent epidemic on the company?
A: the company has developed nationwide. Some places are less affected by the epidemic, and the total
The production command system, office system and development of the sports were not affected and were all carried out in an orderly manner. 3. Does the company prefer to invest in wind power projects?
A: the company has no special preference for the proportion of scenery. It is mainly based on the resource conditions and income of the project.
4. Will the electricity prices of all sectors of the company be increased in 2021?
A: from October 15, 2021, all coal-fired thermal power will enter the market, and the fluctuation range of transaction price will be expanded to 20%. The company's market-oriented trading electricity of thermal power units has increased the electricity price, and the annual average trading electricity price in 21 years is 371.86 yuan / MWh. The electricity price of new energy projects has not changed.
5. What is the coal purchase price of the company?
A: the company's coal procurement is mainly based on Changxie coal, supplemented by market coal. Changxie coal price strictly implements the price limit policy of the national development and Reform Commission.
6. Signing of long-term coal cooperation agreement for thermal power? Changxie coal coverage ratio?
A: according to the requirements of the national development and Reform Commission, the company's long-term cooperative coal is implemented at a cash rate of 100%. At present, the annual coverage rate of long-term cooperative coal is more than 95%. Next, the company will supplement the contract amount of long-term coal according to the requirement of 100% full coverage of long-term coal of the national development and Reform Commission.
7. What is the net profit of each business segment of the company in 2021?
A: in 2021, the net profit of thermal power (including thermal power) was - 113 million yuan, the net profit of wind power was 515 million yuan and the net profit of photovoltaic was 374 million yuan.
8. Why is the net profit attributable to the parent company of the company's new energy sector low in 2021?
A: new energy projects are affected by factors such as the operation life of the project, local scenery and natural conditions, and the expiration of tax preferential policies for some projects.
9. Company year
