Company code: Zhejiang Zheneng Electric Power Co.Ltd(600023) company abbreviation: Zhejiang Zheneng Electric Power Co.Ltd(600023) Zhejiang Zheneng Electric Power Co.Ltd(600023)
Annual report for 2021
(Revised)
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 All directors of the company attended the board meeting. 3、 PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 4、 Yu Guoping, the person in charge of the company, Fei Huishi, the person in charge of accounting, and Xu Jianguo, the person in charge of the accounting organization (the person in charge of Accounting), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report. 5、 In view of the negative net profit attributable to the shareholders of the parent company realized by the company in 2021, considering the company’s operating status and the needs of transformation and development funds, it is proposed that no profit distribution will be carried out in 2021. 6、 Risk statement of forward-looking statements √ applicable □ not applicable. Forward looking statements such as future plans involved in this report do not constitute the company’s substantive commitment to investors. Investors and relevant persons should maintain sufficient risk awareness and understand the differences between plans, forecasts and commitments. 7、 Whether there is any non operational occupation of funds by the controlling shareholders and their related parties? VIII. Whether there is any external guarantee in violation of the specified decision-making procedures? IX. whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? X. no major risk prompt. Xi. Others □ applicable √ not applicable
catalogue
Section 1 interpretation three
Section II Company Profile and main financial indicators 4 section III Management Discussion and Analysis Section IV corporate governance Section V environmental and social responsibility 29 section VI important matters Section VII changes in shares and shareholders Section 8 preferred shares 47 section IX relevant information of bonds 47 section x financial report forty-seven
Financial statements containing the signatures and seals of the person in charge of the company, the person in charge of accounting work and the person in charge of accounting institutions (the person in charge of accounting and the cataloguer of documents for future reference)
The original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant
Originals of all company documents and announcements publicly disclosed during the reporting period
Section I interpretation
1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words
Zheneng group refers to Zhejiang Energy Group Co., Ltd
The company, the company and Zhejiang Zheneng Electric Power Co.Ltd(600023) refer to Zhejiang Zheneng Electric Power Co.Ltd(600023)
Section II Company Profile and main financial indicators
1、 Company information
Chinese name of the company Zhejiang Zheneng Electric Power Co.Ltd(600023)
Chinese abbreviation of the company Zhejiang Zheneng Electric Power Co.Ltd(600023)
Name of Power Co., Ltd
The abbreviation of the company’s foreign name is zzepc
Legal representative of the company: Yu Guoping
2、 Contact person and contact information
Secretary of the board of directors
Name: Wei Zheng
Contact address: 14 / F, Zone D, European and American Center, world trade Regent City, No. 18 Jiaogong Road, Hangzhou
Tel: 057187210223
E-mail [email protected].
3、 Basic information
Registered address: zheneng building, No. 152, Tianmushan Road, Hangzhou
Historical changes of the company’s registered address-
Office address: Zone D, European and American Center, world trade Regent City, No. 18, Jiaogong Road, Hangzhou
The postal code of the company’s office address is 310007
Company website http://www.zzepc.com.cn./
E-mail [email protected].
4、 Information disclosure and preparation location
The media name and website of the annual report disclosed by the company include China Securities News, Shanghai Securities News, securities times and Securities Daily
Website of the stock exchange where the company discloses the annual report http://www.sse.com.cn./
The company’s annual report is prepared at the company’s office
5、 Company stock profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Zhejiang Zheneng Electric Power Co.Ltd(600023) Zhejiang Zheneng Electric Power Co.Ltd(600023) –
6、 Other relevant information
Name: PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership)
The office address of the accounting firm (domestic) employed by the company is 42 / F, PwC, Qiantan center, No. 588, Dongyu Road, Pudong New Area, Shanghai
Name of signature accountant: Ma Yan, Yin lejun
7、 Main accounting data and financial indicators in recent three years (I) main accounting data
Unit: yuan currency: RMB
Main accounting data: 20212020 current period compared with 2019 of the previous year
Increase or decrease in the same period (%)
Operating income 71073237421135168443344989 37.515437054910611
Net profit attributable to shareholders of listed company -85522142186608629867023 -114.05429327232881
Net profit attributable to shareholders of listed companies after deducting non recurring -112509291915591250791682 -119.03422890671163 profits and losses
Net cash flow from operating activities 845659226631012826399326 -91.65902791095358
Comparison at the end of the period
End of 2021 end of 2020 end of the same period end of 2019 increase
Minus (%)
Net assets attributable to shareholders of listed companies 63932165658256784852594725 -5.776416705561195
Total assets 1156939621487611451242946174 1.0311096978189446
（2） Main financial indicators
Main financial indicators: increase or decrease (%) over the same period last year from 2021 to 2020 in 2019
Basic earnings per share (yuan / share) -0.06 0.45 -113.33 0.32
Diluted earnings per share (yuan / share) -0.06 0.45 -113.33 0.32
Basic earnings per share after deducting non recurring profits and losses -0.08 0.43 -118.60 0.31 (yuan / share)
Weighted average return on net assets (%) – 1.30 9.22 decreased by 10.52 percentage points and 6.87
The weighted average net profit after deducting non recurring profits and losses is -1.71 8.96, with a decrease of 10.67 percentage points and 6.77 return on assets (%). Description of the company’s main accounting data and financial indicators for the first three years at the end of the reporting period √ applicable □ not applicable. According to the provisions of the rules for share repurchase of listed companies and the self discipline supervision guidelines for listed companies of Shanghai Stock Exchange No. 7 – share repurchase of the CSRC, When calculating relevant indicators such as earnings per share, the total share capital shall be subject to the number of shares after deducting the shares in the special account for repurchase.
By the end of 2021, the company had repurchased 904163 shares in the special account. 8、 Differences in accounting data under domestic and foreign accounting standards (I) differences in net profit and net assets attributable to shareholders of Listed Companies in financial reports disclosed in accordance with international accounting standards and Chinese accounting standards □ applicable √ not applicable (II) differences in net profit and net assets attributable to shareholders of Listed Companies in financial reports disclosed in accordance with overseas accounting standards and Chinese accounting standards □ applicable √ not applicable
（3） 9. Description of differences between domestic and overseas accounting standards: √ main data of 2021
Unit: yuan currency: RMB
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