Securities code: Jointo Energy Investment Co.Ltd.Hebei(000600) securities abbreviation: Jointo Energy Investment Co.Ltd.Hebei(000600) Announcement No.: 202215
Securities code: 149516 securities abbreviation: 21 Jianneng 01
Securities code: 149743 securities abbreviation: 21 Jianneng 02
Jointo Energy Investment Co.Ltd.Hebei(000600) 2021 annual report summary I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. All directors have attended the meeting of the board of directors to consider this report. Tips of non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting provident fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company’s parent company and consolidated statements in 2021 have not achieved profits. Taking into account the capital needs of the company’s normal operation, investment in transformation and development projects and the increase of the company’s asset liability ratio in 2021, The profit distribution plan reviewed and approved by the board of directors is: no cash dividend, no bonus shares, and no conversion of capital reserve into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Jointo Energy Investment Co.Ltd.Hebei(000600) Stock Code: Jointo Energy Investment Co.Ltd.Hebei(000600)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Sun yuan, Guo Jia
Office address: 17th floor, building a, Yuyuan Plaza, No. 9, Yuhua West Road, Shijiazhuang, Hebei
Fax 031185518601
Tel: 031185518633
E-mail [email protected].
2. Introduction to main business or products during the reporting period
(1) Industry of the company during the reporting period
As economic and social development enters a new era, China is deeply promoting the revolution of energy consumption, supply, technology and system, coordinating development and security, stabilizing growth and adjusting structure, accelerating the construction of a clean, low-carbon, safe and efficient energy system, promoting the comprehensive green transformation of high-quality energy development and economic and social development, and promoting the goal of carbon peak and carbon neutrality in a scientific and orderly manner.
Power industry is an important basic industry, which provides energy guarantee for national economic and social development. Its development cycle is closely related to the macroeconomic cycle and has obvious cyclical characteristics. At present, China is speeding up the construction of a new power system with new energy as the main body, promoting the transformation of coal-fired power to basic guarantee and system regulation power supply, and improving the guarantee capacity of energy for economic and social development.
According to the analysis and prediction report on the national power supply and demand situation from 2021 to 2022 issued by the China Electricity Council, in 2021, the power consumption of the whole society was 8.31 trillion kwh, an increase of 10.3% year-on-year, and the overall growth remained stable and rapid. Among them, the power consumption of the primary industry was 102.3 billion kwh, a year-on-year increase of 16.4%; The electricity consumption of the secondary industry was 5.61 trillion kwh, a year-on-year increase of 9.1%; The electricity consumption of the tertiary industry was 1.42 trillion kwh, a year-on-year increase of 17.8%; The domestic electricity consumption of urban and rural residents was 1.17 trillion kwh, a year-on-year increase of 7.3%. In 2021, China’s full caliber power generation was 8112.2 billion kwh, a year-on-year increase of 6.41%. Among them, coal-fired power generation was 5027 billion kwh, an increase of 8.6% year-on-year, accounting for 60% of the full caliber power generation. Coal power is still the main power supply of China’s power supply, and it is also the basic power supply to ensure the safe and stable supply of China’s power.
In 2021, the tense situation between supply and demand of power coal intensified, and the coal price rose rapidly, repeatedly hitting a record high. Affected by the superposition of multiple factors such as tight power coal supply, rapid growth of power consumption demand and “dual control of energy consumption” in some regions, the overall power supply and demand in China is tight. In particular, more than 20 provincial power grids took orderly power consumption measures from September to October. To this end, the state attaches great importance to and has introduced a series of measures to ensure supply and price stability, so as to ensure safe and stable supply of energy. On October 15, 2021, the national development and Reform Commission issued the notice on further deepening the market-oriented reform of on grid electricity price of coal-fired power generation. In principle, all coal-fired power generation will enter the power market, the fluctuation range of transaction electricity price in coal-fired power generation market will be expanded to no more than 20% in principle, the market transaction electricity price of high energy consuming enterprises will not be limited by the upward fluctuation of 20%, and the industrial and commercial catalogue sales electricity price will be cancelled, Promote all industrial and commercial users to enter the power market. Although the introduction of relevant policies and measures has alleviated the tension of power coal supply to a certain extent, the price level of power coal at the end of 2021 is still significantly higher than the affordability of coal and power enterprises.
On February 24, 2022, the national development and Reform Commission issued the notice on further improving the coal market price formation mechanism, specifying that the reasonable range of coal medium and long-term transaction price is 570770 yuan / ton, and guiding the improvement of the price transmission mechanism of coal and electricity. The introduction of relevant policy documents will help to straighten out the price relationship between coal and electricity, ensure the continuous and stable power supply, and give full play to the supporting role of coal and electricity in economic and social development.
(2) Main businesses of the company during the reporting period
The company is an important energy investor in Hebei Province. Its main business is investment, construction, operation and management of energy projects focusing on power production. The company’s power business is mainly coal-fired thermal power generation and heating, and involves investment in new energy projects such as nuclear power, wind power and hydropower. At present, the company has 12 wholly-owned and holding power generation companies, 1 power sales company, and 12 joint-stock power generation companies invested in cooperation with China’s large power generation groups; The company controls the installed capacity of 9.15 million kW in operation, 700000 kW in construction and 9.62 million kW in equity operation. The company has 4 wholly-owned and holding heating companies and 2 joint-stock heating companies. In addition, the company also operates a standardized four-star hotel. In 2021, the company’s power business revenue accounted for 94.94% of its operating revenue.
The company’s participating and holding generator sets are important power support for the regional power grid. The holding and operating generator sets are mainly concentrated in Hebei Province, with power generation companies such as Xidian company, Xier company, Cathay Pacific Company, Shahe company, Renqiu company, Xingtai thermal power, Hengxing company, Xuanhua thermal power, Chengde thermal power, Zunhua thermal power and qinre company.
In Shanxi Province, a coal rich region, the company controls and manages Shouyang thermal power and Yangquan thermal power transmission projects in Shanxi and Hebei, which are currently in the capital construction period.
The company’s main products are electricity, heat and electricity sales and heating services. The main factors affecting the performance are electricity sales, heat supply, electricity price, heat price and fuel price. The company’s electricity sales and heat supply are mainly affected by the national and regional economic operation situation, installed capacity, market competition and other factors. Electricity price and heat price are affected by pricing policy. The fuel price is mainly coal price, which is comprehensively affected by national policies, market supply and demand situation and other factors. In addition, technological innovation capability and human resources will also indirectly affect the company’s performance and development potential.
In 2021, under the joint influence of the supply and demand situation in the power and coal markets, according to the comparable caliber, the company’s holding and operating power generation company completed 36.297 billion kwh of on grid power in the whole year, a year-on-year decrease of 7.46%; The average utilization hours of generator units were 4261 hours, a year-on-year decrease of 396 hours. The average on grid settlement price was 366.06 yuan / MWh, a year-on-year increase of 0.27%. In the whole year, 22 million tons of coal were purchased, and the average unit price of standard coal of the holding and operating power generation company was 866.11 yuan / ton, a year-on-year increase of 53.75%. The company sold 578274 million GJ of heat in the whole year, with a year-on-year increase of 2.16%. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years √ yes □ no
Retroactive adjustment or restatement of reasons
Business combination under the same control
Unit: Yuan
In 2020, the current year is higher than that in 2019
Increase or decrease in 2021
Top note top note: base note: base note: before adjustment, after adjustment, before adjustment,
Operating income (yuan): 150408030808714219347121091537032699101 – 2.14% 13963722824861510334088832
– 22103 Sichuan Zigong Conveying Machine Group Co.Ltd(001288) 9248527437795789006691 – 330.75% of the net profit attributable to the shareholders of the listed company 6395563099866750483222 yuan
Net profit after deducting non recurring profit and loss -2361893688459019113862290191138622 -361.88% 6284207614862842076148 (yuan)
Cash flow from operating activities 1481741176226323531303285277741098 – 94.81% 248417363785260175249443 net amount (yuan)
Basic earnings per share (yuan / share) -1.234 0.516 0.535 -330.65% 0.357 0.370
Diluted earnings per share (yuan / share) -1.234 0.516 0.535 -330.65% 0.357 0.370
The weighted average return on net assets was – 20.24%, 7.84%, 7.83%, a decrease of 28.07%, 5.72%, 5.74%
Year end ratio
End of 2020 end of last year end of 2019
Increase or decrease at the end of 2021
Top note top note: base note: base note: before adjustment, after adjustment, before adjustment,
Total assets (yuan): 385278729345633884899569783575262271262 7.76% 323582308773734508090209247
95931764624512173789379521252719198971 – 23.42% net assets attributable to shareholders of listed companies 11463931800871192107990158 (yuan)
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 453615842966293156643091
