State Grid Yingda Co.Ltd(600517) : net profit of 1.224 billion yuan in 2021, with a year-on-year increase of 4.07%

State Grid Yingda Co.Ltd(600517) ( State Grid Yingda Co.Ltd(600517) ) issued the 2021 annual report on April 20. According to the data, the total operating revenue of the company in 2021 was 9.485 billion yuan, a year-on-year increase of 17.22%; The net profit attributable to the parent company was 1.224 billion yuan, a year-on-year increase of 4.07%; The basic earnings per share was 0.214 yuan, a year-on-year increase of 0.94%; Cash dividend of 0.66 yuan (including tax) for every 10 shares.

In terms of financial business, the scale of trust assets managed by Yingda trust increased compared with the same period of last year, and the corresponding fee and commission income increased. The total operating revenue was 2.252 billion yuan, a year-on-year increase of 24.92%. Yingda securities investment banking, credit, fixed income and other businesses increased in business scale compared with the previous period, and actively explored investment projects in the field of scientific and technological innovation, with a total operating revenue of 1.494 billion yuan, a year-on-year increase of 21.59%. In terms of manufacturing business, Cixin electric adhered to the development direction of high-end, intelligent and green, continued to optimize the industrial layout, and further promoted the practice of industry finance coordination with power grid characteristics. The business volume increased steadily, realizing a total operating revenue of 5.612 billion yuan, a year-on-year increase of 12.22%.

In addition, the company’s carbon asset management sector achieved full annual profit for the first time. Yingda carbon assets gave full play to the first mover advantage of dual carbon work and became an important support unit for the carbon asset management business of the State Grid Corporation of China. It carried out the trial calculation of dual carbon indicators and carbon management service pilot of provincial power companies, helped supply chain enterprises solve the problem of expensive financing through green evaluation services, and made new progress in many businesses.

State Grid Yingda Co.Ltd(600517) also said that in 2021, the company obtained A-level rating in the evaluation of information disclosure of Shanghai Stock Exchange. Perfect corporate governance and good risk prevention and control system lay a solid foundation for the steady operation of the enterprise. In 2022, the company will adhere to the general tone of stability and progress in stability, and strive to build a “world-class digital green finance and intelligent manufacturing service provider with energy characteristics” to achieve higher quality development.

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