TigerResearch/tigerbot-earning-plugin huggingface dataset:
The sensitivity analysis below has been carried out based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while all other assumptions are held constant:
If the discount rate decreases by 0.5%, the present value of the Group’s obligations of the defined benefit plan would decrease by RMB 5,139,168.
The sensitivity analysis presented above may not reflect the actual changes in the obligations of the defined benefit plan because it is unlikely that changes in one assumption would occur in isolation of one another as some of the assumptions may be correlated.
(32) Long-term employee benefits payable (Cont’d)
(c) According to relevant regulations on social medical insurance in places where the subsidiaries of
the Company and the Group locate, if individual employees participating basic medical insurance for urban residents are under their statutory ages of retirement, but their estimated contribution years fail to meet the local standards, the Group needs to make continuous contribution for the employees per annum till the standards are met even after their retirement. The expected present values of cash flows that shall be paid for medical insurance for the remaining contribution years of retired employees are recognised as long-term employee benefits payable and recorded in profit or loss for the current period. As at 31 December 2022, the balance of the Group’s other long-term employee benefits payable was mainly the additional payment of medical insurance made for retired employees. The Group calculated the expected expenses for each year from the end of the current year to regulated contribution years based on the local monthly average salary of the year, and estimated the present value of cash expenses made by retired employees for medical insurance in the future, with a treasury bond interest rate of 3.22% (2021: 3.57%) as discount rate. As at 31 December 2022, the Group accrued other long-term employee benefits payable of RMB 61,903,987 (31 December 2021: RMB 55,536,676), with actual payment of other long-term employee benefits payable due within one year of RMB 15,615,530 (31 December2021: RMB 12,379,958) recognised in employee benefits payable.
(d) Long-term employee benefits payable included in profit or loss for the current period in 2022 and
2021 are as follows:|2022|2021
 General and administrative expenses|121,071,303|188,816,127
 Other non-current liabilities|31 December 2022|31 December 2021
 Capital injection (a)|128,400,000|74,499,700
 Housing working fund|1,028,167|970,029
|129,428,167|75,469,729
(a) In 2018, the Group’s subsidiary Qujie Wind Power received a capital injection of RMB 50,000,000
from GEGC. The capital will be used for Qujie Wailuo offshore wind power plant project. As at 31 December 2022, as Qujie Wind Power’s registration for changes of business license had not been completed, the capital increase was recognised in other non-current liabilities.
In 2022, the Group’s subsidiary Yuehua Power received a capital injection of RMB 78,400,000 from China Huaneng Group Co., Ltd. The capital will be used for construction of substitution of natural gas for coal power project. The second project capital will be injected in the first quarter of2023. As at 31 December 2022, as Yuehua Power’s registration for changes of business license had not been completed, the capital increase was recognised in other non-current liabilities.
Share capital||| Movements in the current year|||
 Shares subject to trading restriction- Shares held by domestic state- owned legal person 31 December 2021| Issuance of new shares| Bonus shares| Housing fund transferred to shares| Others| Sub-total|31 December 2022
1,893,342,621|-|-|-|-|-|1,893,342,621
- Other domestic shares||||||
 Including: Shares held by domestic non-state-||||||
owned legal person 4,620,666|-|-|-|-|-|4,620,666
 Shares held by domestic natural person 5,659|-|-|-|-|-|5,659
Shares not subject to trading restriction- RMB-denominated ordinary shares 2,553,907,040|-|-|-|-|-|2,553,907,040
- Domestically-listed foreign shares 798,408,000|-|-|-|-|-|798,408,000
5,250,283,986|-|-|-|-|-|5,250,283,986
||| Movements in the current year|||
 Shares subject to trading restriction- Shares held by domestic state- owned legal person 31 December 2020| Issuance of new shares| Bonus shares| Housing fund transferred to shares| Others| Sub-total|31 December 2021
1,893,342,621|-|-|-|-|-|1,893,342,621
- Other domestic shares||||||
Including: Shares held by domestic non-state-||||||
owned legal person 4,620,666|-|-|-|-|-|4,620,666
 Shares held by domestic natural person 5,659|-|-|-|-|-|5,659
 Shares not subject to trading restriction- RMB-denominated ordinary shares 2,553,907,040|-|-|-|-|-|2,553,907,040
- Domestically-listed foreign shares 798,408,000|-|-|-|-|-|798,408,000
5,250,283,986|-|-|-|-|-|5,250,283,986
|31 December2021| Increase in the current year| Decrease in the current year|31 December2022
|(Restated)|||
 Capital premium (a)|3,991,835,030|-|(19,288,105)|3,972,546,925
 Revaluation reserve|119,593,718|-|-|119,593,718
 Investment from GEGC|395,000,000|-|-|395,000,000
 Share of interests in the investee in proportion to the shareholding (b)|(174,299,153)|636,197|-|(173,662,956)
 Transfer of capital surplus recognised under the previous accounting system|20,474,592|-|-|20,474,592
Others|(75,652,004)|-|(1,253,770)|(76,905,774)
|4,276,952,183|636,197|(20,541,875)|4,257,046,505
|31 December2020| Increase in the current year| Decrease in the current year|31 December2021
||(Restated)||(Restated)
 Capital premium|7,734,477,748|958,923|(3,743,601,641)|3,991,835,030
 Revaluation reserve|119,593,718|-|-|119,593,718
 Investment from GEGC|395,000,000|-|-|395,000,000
Share of interests in the investee in proportion to the shareholding (b)|(179,682,776)|5,383,623|-|(174,299,153)
 Transfer of capital surplus recognised under the previous accounting system|20,474,592|-|-|20,474,592
 Others|(75,652,004)|-|-|(75,652,004)
|8,014,211,278|6,342,546|(3,743,601,641)|4,276,952,183
(a) In 2022, the capital surplus of the Group decreased by RMB 19,288,105 due to the dilution of the
proportion of equity held by the Group arising from capital increase by minority shareholders of certain subsidiaries of the Group.
(b) In 2022, capital surplus of associates calculated based on proportion of equity acquired increased
by RMB 636,197 (Note 4(7)(b)).
| Other comprehensive income in the balance sheet|||| Other comprehensive income in the income statement for the year ended 31 December 2022|||
 Other comprehensive income that will not be reclassified to profit or loss Share of other comprehensive income of the investee accounted for using equity method that will not be reclassified to profit or loss|31 December2021| Attributable to the parent company after tax| Transfer of other comprehensive income to retained earnings|31 December2022| Amount incurred before tax| Less: Income tax expenses| Attributable to the parent company after tax| Attributable to minority shareholders after tax
|69,199,467|9,938,693|-|79,138,160|9,938,693|-|9,938,693|1,253,770
 Changes in fair value of investments in other equity instruments|1,718,622,133|(131,968,221)|-|1,586,653,912|(175,957,628)|43,989,407|(131,968,221)|-
 Changes arising from remeasurement of defined benefit plans|(37,296,993)|-|-|(37,296,993)|-|-|-|-
 Other comprehensive income that will be reclassified to profit or loss Share of other comprehensive income of the investee accounted for using equity method that will be reclassified to profit or loss|(513,036)|1,855,914|-|1,342,878|1,855,914|-|1,855,914|-
|1,750,011,571|(120,173,614)|-|1,629,837,957|(164,163,021)|43,989,407|(120,173,614)|1,253,770
| Other comprehensive income in the balance sheet|||| Other comprehensive income in the income statement for the year ended 31 December 2021|||
 Other comprehensive income that will not be reclassified to profit or loss Share of other comprehensive income of the investee accounted for using equity method that will not be reclassified to profit or loss|31 December2020| Attributable to the parent company after tax| Transfer of other comprehensive income to retained earnings|31 December2021| Amount incurred before tax| Less: Income tax expenses| Attributable to the parent company after tax| Attributable to minority shareholders after tax
|53,589,732|15,609,735|-|69,199,467|15,609,735|-|15,609,735|-
 Changes in fair value of investments in other equity instruments|1,903,766,633|(184,768,848)|(375,652)|1,718,622,133|(246,358,463)|61,589,615|(184,768,848)|-
 Changes arising from remeasurement of defined benefit plans|-|(37,296,993)|-|(37,296,993)|(53,499,650)|-|(37,296,993)|(16,202,657)
 Other comprehensive income that will be reclassified to profit or loss Share of other comprehensive income of the investee accounted for using equity method that will be reclassified to profit or loss|(180,884)|(332,152)|-|(513,036)|(332,152)|-|(332,152)|-
|1,957,175,481|(206,788,258)|(375,652)|1,750,011,571|(284,580,530)|61,589,615|(206,788,258)|(16,202,657)
Statutory surplus reserve|31 December2021| Increase in the current year| Decrease in the current year|31 December2022
|3,016,893,870|-|-|3,016,893,870
 Discretionary surplus reserve|5,886,621,265|-|-|5,886,621,265
|8,903,515,135|-|-|8,903,515,135
 Statutory surplus reserve|31 December2020| Increase in the current year| Decrease in the current year|31 December2021
|2,905,992,585|110,901,285|-|3,016,893,870
 Discretionary surplus reserve|5,609,368,053|277,253,212|-|5,886,621,265
|8,515,360,638|388,154,497|-|8,903,515,135
In accordance with the Company Law of the People's Republic of China and the Company’s Articles of Association, the Company should appropriate 10% of net profit for the year to the statutory surplus reserve, and the Company can cease appropriation when the statutory surplus reserve accumulates to more than 50% of the registered capital. The Company appropriates for the discretionary surplus reserve after the shareholders’meeting approves the proposal from the Board of Directors. The surplus reserve can be used to make up for the loss or increase the share capital after approval from the appropriate authorities. As at 31 December 2022, the accumulated statutory surplus reserve of the Company exceeded 50% of the registered capital.
According to the resolution at the shareholders’meeting dated 20 May 2022, no appropriation of statutory surplus reserve and discretionary surplus reserve is appropriated (2021: the Company appropriated 10% of net profit for 2020, amounting to RMB 110,901,285, to the statutory surplus reserve and 25% of net profit for 2020, amounting to RMB 277,253,212, to the discretionary surplus reserve).
|2022|2021(Restated)
 Undistributed profits at the beginning of the year|3,205,422,561|8,083,048,238
 Add: Net profit attributable to equity owners of the Company|(3,003,916,572)|(2,928,171,731)
 Less: Appropriation to statutory surplus reserve(Note 4(37))|-|(110,901,285)
 Appropriation to discretionary surplus reserve (Note 4(37))|-|(277,253,212)
 Dividends payable on ordinary shares (b)|-|(630,034,078)
 Allocated to GEGC (c)|-|(930,283,398)
 Others|(837,472)|(981,973)
 Undistributed profits at the end of the year|200,668,517|3,205,422,561
(38) Undistributed profits (Cont’d)
(a) As disclosed in Note 2(30), the amount of undistributed profits as at 31 December 2021 has been
restated as a result of application of the Interpretation No. 15 related to fixed assets –accounting treatment of sale proceeds before intended use.
(b) In accordance with the resolution at the shareholders’meeting dated 20 May 2022, the Company
did not distribute cash dividend to the shareholders.
(c) As the business combination under common control was completed in 2021, the dividends
allocated by the purchased subsidiary to GEGC in 2021 were deemed to have been distributed by the Company to GEGC while preparing the consolidated financial statements.
|2022|2021(Restated)
 Revenue from main operations|52,220,743,337|43,864,972,613
 Revenue from other operations|440,345,099|592,893,929
|52,661,088,436|44,457,866,542
|2022|2021(Restated)
 Cost of sale from main operations|52,819,129,582|46,798,109,870
 Cost of sale from other operations|33,180,599|29,395,603
|52,852,310,181|46,827,505,473
(39) Revenue and cost of sale (Cont’d)
|2022||2021 (Restated)|
 Revenue from sale of electricity| Revenue from main operations| Cost of sale from main operations| Revenue from main operations| Cost of sale from main operations
|51,889,521,596|52,503,713,101|43,568,666,575|46,554,479,693
 Revenue from steam|202,658,611|202,979,909|167,971,843|137,147,673
 Rendering of services|128,563,130|112,436,572|128,334,195|106,482,504
|52,220,743,337|52,819,129,582|43,864,972,613|46,798,109,870
||2022||2021 (Restated)|
 Revenue from integrated utilisation of coal ash| Revenue from other operations|| Cost of sale from other operations| Revenue from other operations| Cost of sale from other operations
|365,533,200||4,741,667|495,095,811|7,603,191
 Rental income|42,581,955||14,431,892|48,557,619|14,560,409
 Others|32,229,944||14,007,040|49,240,499|7,232,003
|440,345,099||33,180,599|592,893,929|29,395,603
Sale of electricity,||2022||
 Revenue from main operations Including: Recognised at a steam and coal ash| Services| Rent| Others| Total
point in time 52,092,180,207|3,389,244|-|-|52,095,569,451
 Recognised over a period of time -|125,173,886|-|-|125,173,886
 Revenue from other operations Including: Recognised at a||||
point in time 365,533,200|-|-|31,527,646|397,060,846
 Recognised over a period of time -|-|-|702,298|702,298
Rental income -|-|42,581,955|-|42,581,955
52,457,713,407|128,563,130|42,581,955|32,229,944|52,661,088,436
 Sale of electricity,||2021 (Restated)||
 Revenue from main operations Including: Recognised at a steam and coal ash| Services| Rent| Others| Total
point in time 43,736,638,418|3,099,971|-|-|43,739,738,389
 Recognised over a period of time -|125,234,224|-|-|125,234,224
 Revenue from other operations Including: Recognised at a||||
point in time 495,095,811|-|-|46,929,178|542,024,989
 Recognised over a period of time -|-|-|2,311,321|2,311,321
 Rental income -|-|48,557,619|-|48,557,619
44,231,734,229|128,334,195|48,557,619|49,240,499|44,457,866,542
As at 31 December 2022, the amount of revenue corresponding to the performance obligation of the Group that has been contracted but not yet performed or not fulfilled was RMB 114,186,101, of which RMB 23,537,608 was expected to be recognised in 2023.
(d) In 2022, the Group's revenue and cost of sale incurred from selling products produced while
preparing the production line for its intended use were RMB 458,713,027 and RMB 135,577,216(2021: RMB 290,642,655 and RMB 12,704,791) respectively.
Taxes and surcharges|2022|2021| Tax base
 Property tax|109,180,727|96,327,360| Note 3
 Stamp tax|37,493,970|36,790,843|
 Land use tax|30,161,901|26,564,472|
 City maintenance and construction tax|26,958,505|62,927,128| Note 3
 Environmental protection tax|20,789,155|21,251,165| Note 3
 Educational surcharge|20,352,881|49,811,245| Note 3
Others|325,138|307,863|
 Selling expenses|245,262,277|293,980,076|
||2022|2021
 Employee benefits||44,598,614|41,365,789
 Labour insurance||10,044,506|8,106,497
 Entertainment expenses||3,591,287|2,921,288
 Depreciation expenses||3,268,794|3,484,959
Travelling expenses||1,315,065|1,431,025
 Others||6,290,337|8,097,482
||69,108,603|65,407,040
|2022|2021
 Employee benefits|589,588,003|576,664,439
 Labour insurance|123,747,304|93,526,218
 Depreciation expenses|84,730,831|75,702,685
 Amortisation of intangible assets|71,440,393|71,354,033
 Fire safety expenses|47,415,882|43,910,145
 Property management expenses|46,166,694|38,807,702
Agency fee|45,804,592|41,705,254
 Office expenses|34,911,351|30,729,609
 Rental expenses|16,814,722|9,419,598
 Afforestation fee|11,755,686|11,640,359
 Labour costs|11,402,499|10,690,272
 Traffic expenses|11,050,160|9,687,185
 Maintenance cost|9,723,877|7,593,392
Travelling expenses|8,796,255|7,928,361
 Entertainment expenses|8,373,023|5,888,643
 Insurance expenses|5,254,017|5,281,139
 Others|65,531,642|60,594,253
 Research and development expenses|1,192,506,931|1,101,123,287
|2022|2021
 Material expenses|824,545,759|332,438,285
Employee benefits|210,632,851|176,230,301
 Depreciation and amortisation expenses|147,665,819|37,360,302
 Outsourced research and development expenses|41,811,591|26,650,129
 Others|4,655,552|12,035,962
1,229,311,572 584,714,979
|2022|2021
 Interest costs|2,283,281,355|1,652,673,654
 Add: Interest costs on lease liabilities|306,781,528|182,484,109
 Less: Amounts capitalised on qualifying assets|(332,357,040)|(335,159,980)
 Subtotal of interest expenses|2,257,705,843|1,499,997,783
 Amortisation of discounts or premium of debentures payable|3,001,857|2,202,952
 Less: Interest income|(132,632,800)|(133,800,923)
 Exchange gains - net|(971,955)|(1,001,673)
 Bank charges and others|8,797,067|3,967,806
|2,135,900,012|1,371,365,945
(45) Expenses by nature
The cost of sale, selling expenses, general and administrative expenses and research and
development expenses in the income statement are listed as follows by nature:|2022|2021(Restated)
 Consumed fuel, low value consumables, etc.|44,076,541,204|39,046,440,428
 Depreciation and amortisation expenses|4,741,747,341|4,120,630,665
 Employee benefits|2,764,337,661|2,721,685,066
 Maintenance, repair and operation expenses|1,819,598,659|1,252,369,160
 Depreciation of right-of-use assets|315,743,960|179,638,516
 Transaction costs|315,386,943|165,684,575
Insurance expenses|208,434,264|147,982,370
 Management fees for frequency modulation and energy storage|94,379,327|82,235,157
 Utility fees|85,575,194|88,367,556
 Outsourcing fees for maintenance projects|74,999,608|51,215,122
 Fire safety expenses|58,324,674|55,247,715
 Property management expenses|53,252,538|38,807,702
 Channel dredging and sanitary charges|50,670,983|44,062,837
Office expenses|41,905,156|35,559,262
 Traffic expenses|37,545,497|33,409,825
 Desulfurisation expenses|32,305,213|3,127,647
 Leased labour expenses|28,198,187|23,705,386
 Rental expenses|27,805,836|17,146,349
 Tug service fees|25,313,710|35,804,563
 Operation expenses of ultra-low emissions|19,013,423|761,947
Other expenses|472,157,909|434,868,931
|55,343,237,287|48,578,750,779
(i) The Group directly recognises the daily maintenance and repair expenses of fixed assets that do
not meet the criteria of capitalisation as the cost of sale, and included the costs related to the research and development department, the administrative department and the sale department in research and development expenses, general and administrative expenses and selling expenses, respectively.
(ii) As disclosed in Note 2(25), the Group directly recognises the lease payments of short-term
leases and low value leases in profit or loss for the current period. In 2022, the amount was RMB27,805,836 (2021: RMB 17,146,349).
Asset impairment losses|2022|2021
 Impairment of fixed assets|158,542,249|29,321,084
 Impairment of goodwill|11,885,484|-
 Impairment of construction in progress|454,257|-
 Other asset impairment losses|2,890,150|9,377
(Reversal of)/Losses on credit impairment|173,772,140|29,330,461
(Reversal of)/Losses on bad debts of other receivables (Note 4(4)(b))|2022|2021
|(1,866,483)|21,796,665
 Losses on/(Reversal of) bad debts of accounts receivables (Note 4(2)(c))|303,353|(28,808)
|(1,563,130)|21,767,857
|2022|2021| Asset related/ Income related
 Income from VAT refund upon collection|28,893,040|28,991,960| Income related
 Compensation for relocation and renovation of Shajiao A Zhenkou pump house|5,561,358|5,561,358| Asset related
 Subsidies for employment stabilisation provided by unemployment insurance|5,136,757|2,058,912| Income related
 Provincial special funds for enterprises’ technology improvement|2,997,831|2,997,831| Asset related
 Production incentives for production expansion of industrial enterprises|2,680,000|-| Income related
 One-time subsidy for retained workers|2,638,271|-| Income related
Incentives for production stabilisation, increase and expansion of industrial enterprises|2,520,000|-| Income related
 Tax refund for PRC-made equipment|2,296,208|2,296,208| Asset related
 Environmental grants for SCR denitration project|1,764,615|1,764,615| Asset related
 Incentives for energy efficiency of power plant by Dongguan|1,647,687|1,647,687| Asset related
 Other government grants related to assets|14,208,549|13,626,883| Asset related
 Other government grants related to income|9,815,996|13,708,063| Income related
 Investment income|80,160,312|72,653,517|
Investment income from long-term equity investments under equity method (Note 4(7))||2022|2021(Restated)
|960,006,337||743,767,471
 Dividend income earned during the holding period of investments in other equity instruments (Note 4(8))|101,262,589||87,731,408
 Others||607,470|4,446,948
1,061,876,396 835,945,827
There was no significant restriction on remittance of investment income of the Group.
|2022|2021| Amount recognised in non- recurring profit or loss in2022
 Gains on disposals of fixed assets|30,527,957|90,856,371|30,527,957
 Gains on disposals of intangible assets|-|84,060,264|-
 Others|274,880|9,672,390|274,880
|30,802,837|184,589,025|30,802,837
Gains on scrap of non-current assets|2022|2021| Amount recognised in non-recurring profit or loss in 2022
|47,885,412|95,182,637|47,885,412
 Waived payables|20,398,518|3,896,128|20,398,518
 Claims and compensation income|20,345,920|6,505,940|20,345,920
 Tax reduction and exemption for those having difficulty in paying taxes|6,846,367|-|6,846,367
 Compensation for electricity charges during the demolition and construction period|6,533,120|18,040,851|6,533,120
 Income from penalties and fines|4,100,221|8,005,031|4,100,221
Income from sales of waste products|3,259,709|785,225|3,259,709
 Others|16,121,020|6,677,063|16,121,020
 Non-operating expenses|125,490,287|139,092,875|125,490,287
 Carbon emission allowances used to fulfil the emission reduction obligation (a)|2022|2021| Amount recognised in non-recurring profit or loss in 2022
|306,786,693|135,013,051|-
 Losses on scrap of non-current assets|73,508,692|25,804,195|73,508,692
 Penalties and overdue fines|59,233,310|5,859,197|59,233,310
Others|4,373,861|4,782,288|4,373,861
|443,902,556|171,458,731|137,115,863
(a) In accordance with the Interim Provisions on the Accounting Treatment Regarding Carbon
Emissions Right Trading and the Interim Measures for the Administration of Trading of Carbon Emission Rights (Cai Kuai [2019] No. 22), subsidiaries within the Group that were identified as key emission units recognised the expected performance obligations of carbon emission in 2022 as non-operating expenses on an accrual basis, and included related provision for carbon emission allowances payable in other payables.
Income tax expenses/(credits)|2022|2021(Restated)
 Current income tax calculated based on tax law and related regulations|323,728,437|144,706,928
 Deferred income tax|(189,832,184)|(670,149,842)
|133,896,253|(525,442,914)
The reconciliation from income tax calculated based on the applicable tax rates and total profit presented in the consolidated income statement to the income tax expenses is listed below:
|2022|2021(Restated)
 Total loss|(4,381,092,874)|(4,776,506,063)
 Income tax calculated at applicable tax rates|(1,095,273,219)|(1,194,126,516)
 Effect of preferential tax rates of subsidiaries|(50,514,396)|(81,523,102)
 Effect of change in the tax rates|(155,561)|4,530,204
 Income not subject to tax|(270,470,833)|(210,039,107)
 Costs, expenses and losses not deductible for tax purposes|92,867,591|53,267,075
Deductible losses for which no deferred tax asset was recognised|1,233,642,457|892,481,832
 Transfer-out of deductible losses for which deferred tax asset was recognised|241,960,423|12,702,380
 Deductible temporary differences for which no deferred tax asset was recognised|65,687,623|34,804,647
 Utilisation of previously unrecognised deductible losses|(4,499,885)|(9,829,508)
 Utilisation of previously unrecognised deductible temporary differences|(57,301,647)|(12,792,715)
 Others|(22,046,300)|(14,918,104)
 Income tax expenses/(credits)|133,896,253|(525,442,914)