China Yangtze Power Co., Ltd.
Announcement on Financial preannouncement of 2023
This announcement contains the English translation of the Chinese version of China Yangtze Power Co.,Ltd. Announcement on Electricity Generation in 2023 as published on the website of the Shanghai Stock Exchange, and is provided for your reference only. In case of discrepancy between the Chinese version and the English version, the Chinese version shall prevail.
The key financial data for the year 2023 contained in this Announcement is preliminary accounting data and has not been audited by an accounting firm. The specific data is subject to the data disclosed in the Company's 2023 annual report. Thus, investors are advised to pay attention to investment risks.
I. Key Financial Data and Indicators for the year of 2023
Unit: RMB 100 million
| Items | 2023 | 2022 | Range of Increase/Decrease (%) (After adjustment) | |
| Before adjustment | After adjustment | |||
| Total operating revenue | 780.62 | 520.60 | 688.63 | 13.36 |
| Operating profit | 331.92 | 269.36 | 303.88 | 9.23 |
| Total profit | 323.69 | 263.13 | 297.66 | 8.75 |
| Net profit attributable to shareholders of the listed company | 273.89 | 213.09 | 237.26 | 15.44 |
| Net profit attributable to shareholders of the Listed Company net of extraordinary gains and losses | 276.40 | 213.92 | 213.92 | 29.21 |
| Basic earnings per share (RMB) | 1.1194 | 0.9370 | 0.9697 | 15.44 |
| Weighted average return on equity | 13.52% | 11.73% | 9.32% | Increase 4.20 percentage points |
| Items | 31 December, 2023 | 31 December, 2022 | Range of Increase/Decrease (%) (After adjustment) | |
| Before adjustment | After adjustment | |||
| Total assets | 5,716.34 | 3,272.68 | 5,784.54 | -1.18 |
| Owners' equity attributable to shareholders of the Listed Company | 2,028.11 | 1,854.88 | 2,276.73 | -10.92 |
| Equity (100 million shares) | 244.68 | 227.42 | 227.42 | 7.59 |
| Net assets per share attributable to shareholders of the Listed Company (RMB) | 8.29 | 8.16 | 10.01 | -17.21 |
Note: Business combinations under common control happened during the reporting period, and the financial data of the comparative periods has been retrospectively adjusted accordingly.
II. Statement of Operating Performance and Financial Position
In 2023, the Company realised total profit of RMB 32.369 billion, made an increase of RMB 2.604 billion, and 8.75% year-on-year growth. The net profit attributable to shareholders of listed companies was RMB 27.389 billion, made an increase of RMB 3.663 billion, and 15.44% year-on-year growth. The basic EPS was RMB 1.1194 per share, made an increase of RMB 0.1497 per share, and 15.44% year-on-year growth. The increase was mainly due to the year-on-year increase of 14.015 billion kWh in power generation from the Company's six staircase power stations in 2023.
III. Risk Warning
The key financial data for 2023 contained in this Announcement are preliminary accounting data, which may differ from the data disclosed in the Company's 2023 Annual Report because they have not been audited by the accounting firm. As of the disclosure date of this Announcement, the shareholding company of the Company accounted by the equity method is still in the process of audit, and the Company will adjust the investment income accordingly according to the audited data of the shareholding company. Investors are advised to pay attention to investment risks.
It is hereby announced.
Board of Directors of China Yangtze Power Co., Ltd.
30 January, 2024
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