TigerResearch/tigerbot-earning-plugin huggingface dataset:
Subsidiaries| Major business location| Place of registration| Nature of business| Shareholding (%)|| Acquisition method
|||| Direct| Indirect|
 Dongrun Zhongneng New Energy| Taishan| Taishan| Electricity generation|100.00%|-| Acquisition of assets
 Dongrun Qingneng New Energy| Taishan| Taishan| Electricity generation|-|100.00%| Acquisition of assets
 Runze Jieyuan New Energy| Taishan| Taishan| Electricity generation|-|100.00%| Acquisition of assets
 Maoming Natural Gas| Maoming| Maoming| Electricity generation|85.00%|-| Investment
 Xingyue New Energy| Meizhou| Meizhou| Electricity generation|100.00%|-| Investment
Huixin Thermal Power| Huizhou| Huizhou| Electricity generation|85.00%|-| Investment
 Shache Integrated Energy| Kashi Prefecture, Xinjiang| Kashi Prefecture, Xinjiang| Electricity generation|100.00%|-| Investment
 Xinguangyao New Energy| Qingdao| Qingdao| Electricity generation|99.00%|-| Acquisition of assets
 Telian New Energy| Qingdao| Qingdao| Electricity generation|-|99.00%| Acquisition of assets
 Lianyao New Energy| Qingdao| Qingdao| Electricity generation|-|99.00%| Acquisition of assets
 Jiuzhou New Energy| Zhaoqing| Zhaoqing| Electricity generation|100.00%|-| Acquisition of assets
 Changshan Wind Power| Xiangtan| Xiangtan| Electricity generation|100.00%|-| Acquisition of assets
Luoding New Energy| Luoding| Luoding| Electricity generation|100.00%|-| Investment
(i) On 30 November 2018, Maoming Thermal merged Guangdong Energy Maoming Thermal Power Station Co., Ltd., wholly-owned by GEGC. After the
merger, GEGC held 30.12% equity of Maoming Thermal. According to the agreement between the Company and GEGC, the delegated shareholder and director from GEGC maintain consensus with those of the Company while exercising the voting rights during the shareholders’meeting and the Board of Directors’meeting at Maoming Thermal. Therefore, the Company owns control power over Maoming Thermal.
(ii) Pinghai Power was acquired from GEGC by the Group in 2012 through offering non-public shares. According to the agreement between GEGC and
Guangdong Huaxia Electric Power Development Co., Ltd. (“Huaxia Electric”), which holds 40% equity in Pinghai Power, the delegated shareholder and director from Huaxia Electric maintain consensus with those of GEGC when exercising their voting rights during the shareholders’meeting and Board of Directors’meeting at Pinghai Power; besides, after GEGC transfers its 45% equity in Pinghai Power to the Company, the delegated shareholder and director from Huaxia Electric also reach consensus with those of the Company when exercising their voting rights during the shareholders’meeting and Board of Directors’meeting at Pinghai Power. Therefore, the Company owns the control power over Pinghai Power.
(iii) Guangdian Petroleum Store & Transport, a subsidiary of the Company, held a shareholders' meeting on 24 November 2021, and decided to complete the
liquidation and cancellation of Guangdian Petroleum Store & Transport, a wholly-owned subsidiary of Yuehua Power, in 2022. The liquidation and cancellation of Guangdian Petroleum Store & Transport will correspondingly change the scope of the Company's consolidated financial statements. However, it will not have a significant impact on the Company's existing business and operating results, and will not harm the interests of the Company and its shareholders. As at 28 February 2022, the liquidation and cancellation of Guangdian Petroleum Store & Transport had been completed.
(iv) Huangdian Training Centre, a subsidiary of the Company, held a shareholders’meeting on 23 November 2021 and decided to complete the merger of
Huangdian Training Centre by Yuehua Integrated Energy, a subsidiary of the Group, and to dissolve and cancel Huangdian Training Centre upon completion of the merger in 2022. As at 12 January 2022, the merger, liquidation and cancellation of Huangdian Training Centre had been completed.
(v) On 8 October 2021, Suishen Power Engineering, a subsidiary of the Company and also a non-wholly-owned subsidiary of Yuehua Power, was approved
for disposals of its 70% of the equity to third parties. The disposals of Suishen Power Engineering will correspondingly change the scope of the Company's consolidated financial statements. However, it will not have a significant impact on the Company's existing business and operating results, and will not harm the interests of the Company and its shareholders. As at 28 April 2022, Suishen Power Engineering had completed the property rights exchange procedures.
(1) Interests in subsidiaries (Cont’d)
Subsidiaries| Shareholding of minority shareholders (%)| Gains or losses attributable to minority shareholders in 2022| Dividends distributed to minority shareholders in 2022| Minority interests as at 31 December 2022
 Bohe Energy|33.00%|2,921,790|-|1,525,747,576
 Zhanjiang Electric|24.00%|(75,971,466)|-|813,220,838
 Jinghai Power|35.00%|(122,955,569)|-|921,075,752
 Red Bay Power|35.00%|(114,573,179)|-|837,700,541
 Huizhou Natural Gas|33.00%|68,186,725|25,174,599|694,934,683
 Pinghai Power|55.00%|63,851,121|-|1,006,335,803
 Sha C Company|49.00%|(447,781,114)|-|999,238,701
(i) Except for Zhuhai Wind Power, dividends distributed to minority shareholders in 2022 had all been paid off in the current year.
(b) Subsidiaries with significant minority interests (Cont'd)
Major financial information of material non-wholly-owned subsidiaries of the Group is listed below:
|||31 December 2022|||||31 December 2021||
 Non-current liabilities  Non-current liabilities| Current assets| Non-current assets| Total assets| Current liabilities| Total liabilities| Current assets| Non-current assets| Total assets| Current liabilities| Total liabilities
 Bohe Energy 2,293,016,300 2,359,263,315|2,349,678,889|6,994,607,638|9,344,286,527|2,427,792,723|4,720,809,023|2,609,681,761|6,892,655,462|9,502,337,223|3,008,450,314|5,367,713,629
 Zhanjiang Electric 27,101,881 29,332,641|2,470,759,774|1,240,611,761|3,711,371,535|295,849,495|322,951,376|2,650,321,842|1,266,988,373|3,917,310,215|183,009,639|212,342,280
 Jinghai Power 1,611,955,884 1,339,227,380|1,385,798,584|6,990,898,911|8,376,697,495|4,133,096,606|5,745,052,490|1,526,571,272|6,829,232,837|8,355,804,109|4,033,650,563|5,372,877,943
 Red Bay Power 400,374,451 574,464,236|1,335,712,024|4,929,899,200|6,265,611,224|3,471,806,657|3,872,181,108|1,409,063,788|5,053,935,838|6,462,999,626|3,167,753,333|3,742,217,569
 Huizhou Natural Gas 287,238,842 567,225,268|517,592,961|2,729,895,338|3,247,488,299|854,386,780|1,141,625,622|339,090,166|2,930,623,382|3,269,713,548|726,965,377|1,294,190,645
Pinghai Power 1,448,381,879 1,877,492,900|1,698,935,258|2,801,846,254|4,500,781,512|1,222,698,173|2,671,080,052|1,588,057,850|3,411,190,163|4,999,248,013|1,230,761,702|3,108,254,602
 Sha C Company 1,923,515,331 1,273,188,755|2,223,308,298|3,622,700,798|5,846,009,096|1,883,231,110|3,806,746,441|2,916,866,925|3,999,456,043|6,916,322,968|2,657,111,340|3,930,300,095
|||2022|||||2021||
| Revenue|| Net (loss)/profit| Total comprehensive income| Cash flows from operating activities| Revenue|| Net (loss)/profit| Total comprehensive income| Cash flows from operating activities
 Bohe Energy|4,246,193,380||8,853,910|8,853,910|399,072,873|2,782,274,837||(20,922,634)|(20,922,634)|437,918,482
 Zhanjiang Electric|2,527,747,682||(316,547,774)|(316,547,774)|(234,066,362)|2,244,415,610||(304,090,266)|(310,815,500)|(404,758,842)
 Jinghai Power|6,996,344,270||(351,301,626)|(351,301,626)|(197,695,023)|6,657,485,630||(509,356,177)|(509,356,177)|334,454,084
Red Bay Power|5,565,503,172||(327,351,941)|(327,351,941)|262,097,971|5,009,175,976||(488,495,726)|(488,495,726)|(442,766,950)
 Huizhou Natural Gas|3,250,426,792||206,626,438|206,626,438|692,909,637|3,639,314,264||84,762,958|84,762,958|559,716,915
 Pinghai Power|5,210,093,742||116,092,947|116,092,947|119,302,012|4,877,581,551||30,499,657|30,499,657|344,245,399
 Sha C Company|5,330,603,384||(913,839,007)|(932,845,576)|(1,873,955,939)|1,999,829,883||(568,004,644)|(407,654,995)|48,454,458
| Major business location| Place of registration| Nature of business| Whether strategic to the Group's activities| Shareholding (%)|
 Joint ventures - Industry Fuel| Guangzhou, Guangdong| Guangzhou, Guangdong||| Direct| Indirect
||| Fuel trading| Yes|50.00%|-
 Associates - Shanxi Yudean Energy| Taiyuan, Shanxi| Taiyuan, Shanxi| Mining, power generation| Yes|40.00%|-
 Energy Group Finance Company| Guangzhou, Guangdong| Guangzhou, Guangdong| Finance| Yes|25.00%|15.00%
 Taishan Electric| Taishan, Guangdong| Taishan, Guangdong| Power generation| Yes|20.00%|-
 Energy Financial Leasing Company| Guangzhou, Guangdong| Guangzhou, Guangdong Finance leases|| Yes|25.00%|-
The equity investments are accounted for using the equity method by the Group.
|31 December 2022|31 December 2021
| Industry Fuel| Industry Fuel
 Current assets|9,759,872,215|8,607,437,424
 Non-current assets|6,787,019,420|3,981,342,190
 Total assets|16,546,891,635|12,588,779,614
 Current liabilities|10,717,387,818|9,741,803,372
 Non-current liabilities|4,030,111,167|1,169,197,748
Total liabilities|14,747,498,985|10,911,001,120
 Minority interests|67,010,551|67,010,551
 Attributable to shareholders of the parent company|1,732,382,099|1,610,767,943
 Share of net assets based on shareholding (i)|866,191,050|805,383,972
 Adjustments - Unrealised profits from intra-group transactions|(155,792,047)|(159,913,458)
 Carrying amount of equity investment in joint ventures|710,399,003|645,470,514
 Revenue|41,154,918,017|40,287,196,338
Net profit|129,856,977|230,410,999
 Including: Attributable to the parent company|129,856,977|230,410,999
 Other comprehensive income|-|15,800,500
 Including: Attributable to the parent company|-|15,800,500
 Total comprehensive income|129,856,977|246,211,499
 Dividends received from joint ventures by the||
Group for the current year - 29,649,898
(2) Interests in joint ventures and associates (Cont’d)
(b) Summarised financial information of significant joint ventures (Cont’d)
(i) Share of asset is calculated according to shareholding based on the amount attributable to the parent
company in the consolidated financial statements of joint ventures. The amount in the consolidated financial statements of joint ventures considers the impacts of fair value of identifiable assets and liabilities of joint ventures at the time of acquisition and the unification of accounting policies. The assets involved in the transactions between the Group and joint ventures do not constitute a business.
|31 December 2022| Energy Financial Leasing Company|31 December 2021|
| Shanxi Yudean Energy|| Shanxi Yudean Energy| Energy Financial Leasing Company
 Current assets|1,782,312,074|1,012,915,138|1,074,073,055|632,968,295
 Non-current assets|8,228,428,605|9,190,015,523|6,627,921,355|7,281,003,242
 Total assets|10,010,740,679|10,202,930,661|7,701,994,410|7,913,971,537
 Current liabilities|606,329,317|2,688,451,249|493,070,520|1,840,650,722
 Non-current liabilities|1,697,937,309|5,365,450,397|1,230,741,592|3,944,093,673
Total liabilities|2,304,266,626|8,053,901,646|1,723,812,112|5,784,744,395
 Minority interests|76,642,198|-|70,239,165|-
 Attributable to shareholders of the parent company|7,629,831,855|2,149,029,015|5,907,943,133|2,129,227,142
 Share of net assets based on shareholding (i)|3,051,932,742|537,257,254|2,363,177,253|532,306,787
 Adjustments- Others (ii)|(32,579,800)|-|-|-
 Carrying amount of equity investment in associates|3,019,352,942|537,257,254|2,363,177,253|532,306,787
 Revenue|193,310,933|312,042,217|100,199,753|259,494,775
Investment income|1,317,744,134|1,003,115|1,229,294,936|1,540,565
 Net profit|1,319,342,256|92,970,585|1,200,222,015|89,599,668
 Including: Attributable to the parent company|1,315,439,222|92,970,585|1,200,112,143|89,599,668
 Other comprehensive income|-|-|-|-
 Including: Attributable to the parent company|-|-|-|-
 Total comprehensive income|1,319,342,256|92,970,585|1,200,222,015|89,599,668
 Dividends received from associates by the Group for the current year|-|(18,292,179)|-|12,576,669
|31 December 2022||31 December 2021|
| Energy Group Finance Company| Taishan Electric| Energy Group Finance Company| Taishan Electric
 Current assets|8,044,309,162|3,007,543,498|7,694,411,383|2,930,161,081
 Non-current assets|18,171,209,855|8,964,593,732|17,101,010,480|9,406,287,125
 Total assets|26,215,519,017|11,972,137,230|24,795,421,863|12,336,448,206
 Current liabilities|21,896,121,072|2,465,364,570|20,630,423,850|3,414,107,776
 Non-current liabilities|91,587,142|-|31,373,853|-
Total liabilities|21,987,708,214|2,465,364,570|20,661,797,703|3,414,107,776
 Minority interests|-|-|-|-
 Attributable to shareholders of the parent company|4,227,810,803|9,506,772,660|4,133,624,160|8,922,340,430
 Share of net assets based on shareholding (i)|1,691,124,321|1,901,354,532|1,653,449,664|1,784,468,086
 Adjustments- Goodwill|13,325,000|-|13,325,000|-
 Carrying amount of equity investment in associates|1,704,449,321|1,901,354,532|1,666,774,664|1,784,468,086
 Revenue|765,272,582|12,253,136,746|752,537,763|10,287,027,972
Net profit/(loss)|379,076,682|584,432,230|364,396,199|(17,047,790)
 Including: Attributable to the parent company|379,076,682|584,432,230|364,396,199|(17,047,790)
 Other comprehensive income|24,846,733|-|19,273,714|-
 Including: Attributable to the parent company|24,846,733|-|19,273,714|-
 Total comprehensive income/(loss)|403,923,415|584,432,230|383,669,913|(17,047,790)
 Dividends received from associates by the Group||||
for the current year 123,894,709 - 122,273,962 101,148,944
(i) Share of net asset is calculated in proportion to the shareholding based on the amount attributable to the parent company in the consolidated financial statements of associates. The amount in the consolidated financial statements of associates considers the impacts of fair value of identifiable assets and liabilities of associates at the time of acquisition and the unification of accounting policies. The assets involved in the transactions between the Group and associates do not constitute a business.
(c) Summarised financial information of significant associates (Cont’d)
(ii) As at 29 August 2022, Shanxi Yudean Energy applied to GEGC and the Group for a capital
increase of RMB 460,749,100. Among which the Group shall contribute RMB 184,299,600 at the shareholding proportion of 40%. As at 31 December 2022, the Group actually contributed RMB130,000,000 for capital increase. The Group has negotiated with Shanxi Yudean Energy that the remaining capital of RMB 54,299,600 would be settled within one year.
Joint ventures: Aggregated carrying amount of investments|2022|2021
|181,171,920|9,350,000
 Aggregate of the following items in proportion Net loss (i)|(2,506,598)|-
 Other comprehensive income (i)|-|-
 Total comprehensive income|(2,506,598)|-
 Associates: Aggregated carrying amount of investments|1,144,068,211|1,070,661,046
 Aggregate of the following items in proportion Net profit/(loss) (i)|79,648,992|(18,173,212)
 Other comprehensive income (i)|1,855,914|(332,152)
 Total comprehensive income|81,504,906|(18,505,364)
(i) The net profit/(loss) and other comprehensive income have taken into account the impacts of both
the fair value of the identifiable assets and liabilities upon the acquisition of investment at the time of acquisition and the unification of accounting policies.
7 Segment information
As the Group's revenue and expenses, assets and liabilities are primarily associated with sale of electric power and other related products, the Group's management, taking the sale of electric power as a whole business, periodically obtains accounting information relating to financial status, operating results and cash flow for assessment. Therefore, there is only the electric power segment in the Group.
The Group’s revenue from main operations derives from the development and operation of electric plants in China and all assets are within China.
In 2022, the revenue earned by the Group’s power plants from Southern Power Grid Company and State Grid Corporation of China amounted to RMB 51,889,521,596 (2021: RMB43,278,023,920), which took up 98.53% of the Group’s revenue (2021: 97.99%).
Related parties and related party transactions
(1) General information of the parent company(a) General information of the parent company
Place of registration| Nature of business
 Guangzhou| Operation and management of power generation enterprises, capital management of electricity assets, construction of power plant and sale of electricity
GEGC
The ultimate holding party of the Company is State-owned Assets Supervision And Administration Commission of the People's Government of Guangdong Province.
31 December2021| Increase in the current year| Decrease in the current year|31 December2022
23,000,000,000|-|-|23,000,000,000
(c) The percentages of shareholding and voting rights in the Company held by the parent company
31 December 2022||31 December 2021|
 Shareholding (%)| Voting rights (%)| Shareholding (%)| Voting rights (%)
67.39%|67.39%|67.39%|67.39%
Related parties and related party transactions (Cont’d)
(2) Information of subsidiaries
The general information and other related information of the subsidiaries are set out in Note6(1)(a).
(3) Information of joint ventures and associates
Apart from significant joint ventures and associates disclosed in Note 6, other joint ventures and associates that involved in related party transactions with the Group are listed as follows:
Name of entity Relationship with the Group GEG Property Insurance Associate Yudean Shipping Associate Yunfu B Associate
Guangdong Zhuhai Jinwan Power Co., Ltd. (“Zhuhai Jinwan Electric”)| Relationship with the Group
| Controlled by GEGC
 Guangdong Yudean Property Management Co., Ltd. (“Yudean PM”)| Controlled by GEGC
 Guangdong Yudean Information Technology Co., Ltd. (“Yudean Technology”)| Controlled by GEGC
 Yudean Environmental| Controlled by GEGC
 Guangdong Yudean Environmental Protection Materials Co., Ltd.(“Environmental Protection Materials”)| Controlled by GEGC
 Guangdong Yuelong Power Generation Co., Ltd. (“Yuelong Power”)| Controlled by GEGC
Guangdong Yudean Zhongshan Thermal Power Plant (“Zhongshan Thermal”)| Controlled by GEGC
 Guangdong Port of Yangjiang Harbour Service Co., Ltd. (“Port of Yangjiang”)| Controlled by GEGC
 Guangzhou Development District Yudean New Energy Co., Ltd.(“Yudean New Energy”)| Controlled by GEGC
 Guangdong Energy Group Natural Gas Co., Ltd. (“Guangdong Energy Natural Gas”)| Controlled by GEGC
 Zhuhai Special Economic Zone Guangzhu Power Generation Co., Ltd. (“Guangzhu Power”)| Controlled by GEGC
 Guangdong Energy Group Co., Ltd., Zhuhai Power Plant (“Zhuhai Power”)| Controlled by GEGC
 Inner Mongolia Yudean Menghua New Energy Co., Ltd. (“Menghua New Energy”)| Controlled by GEGC
(5) Related party transactions
(a) Purchase and sale of goods, and rendering and receiving of services
Purchase of goods and receiving of services:
Type of related party
Pricing policies of related party
transactions 2022 2021
Industry Fuel Purchase of fuel Agreement price 33,544,407,573 29,734,481,375 Guangdong Energy
Natural Gas Purchase of fuel Agreement price 4,528,970,844 3,732,802,782 GEGC
Receipt of operational
services Agreement price 537,273,916 -
Yudean
Environmental Purchase of materials Agreement price 164,508,018 156,679,116 Environmental
Protection Materials Purchase of materials Agreement price 98,555,303 64,389,931 GEG Property
Receipt of insurance
services Agreement price 69,048,661 59,136,449
Yudean PM
Receipt of property
services Agreement price 35,945,216 23,959,792
Yudean Shipping Receipt of tug services Agreement price 24,891,509 24,226,415 Port of Yangjiang Receipt of tug services Agreement price - 16,431,191 Others Receipt of services Agreement price 19,764,515 19,876,271
39,023,365,555 33,831,983,322
Sale of goods and rendering of services:
Revenue from sale of by-
products Agreement price 266,854,916 340,736,159
Provision of maintenance
and repair services Agreement price 45,731,154 39,394,206
Zhongshan Thermal
and repair services Agreement price 17,397,443 14,057,773
Zhuhai Power
and repair services Agreement price 10,034,988 10,799,140
Others Provision of services Agreement price 24,170,522 24,419,684
364,189,023 429,406,962
Related parties|2022|2021
 Guangzhu Power|164,850,645|130,127,530
 Zhuhai Jinwan Electric|96,288,825|121,954,252
 Yunfu B|50,925,616|16,203,000
 Yuelong Power|29,489,945|31,152,000
 Zhongshan Thermal|9,101,731|96,302,800
|350,656,762|395,739,582
The amount for purchase of electric power is determined by the difference of decrease in current feed-in tariff and purchased quantity of electricity agreed by companies selling electric power and power plants from related parties.
Right-of-use assets increased in the current year with the Group as the lessee:||||
 Name of the lessor| Type of the leased asset|2022||2021
 Energy Financial Leasing Company| Lease of machinery and equipment|1,765,522,635||4,496,403,656
 Others| Housing rental|3,595,926||3,673,203
||1,769,118,56|1|4,500,076,859
 Interest costs on lease liabilities in the current year with the Group as the lessee:||2022||2021
 Energy Financial Leasing Company||269,949,925||152,418,557
Others 1,039,339 383,203
270,989,264 152,801,760
(5) Related party transactions (Cont’d)(d) Guarantees
Guaranteed party| Guaranteed amount| Guaranteed interest| Starting date| Maturity date| Whether the guarantee has been fulfilled or not
 GEGC (i)|2,000,000,000|10,734,003|03/12/2019|15/09/2043| No
(i) In order to perform the Loan Agreement for the Guangdong Yudean Yangjiang Shapa offshore
wind power project signed between the People's Republic of China (“PRC”) and New Development Bank (“NDB”) (“Loan Agreement with NDB”) on 3 December 2019, Project Agreement signed between NDB and the People’s Government of Guangdong Province(“provincial government”) (“Project Agreement with NDB”), Loan Transfer Agreement signed between the Ministry of Finance and the provincial government (“Loan Transfer Agreement with the Ministry of Finance”) and Loan Transfer Agreement signed between the Department of Finance of Guangdong Province and GEGC (“Loan Transfer Agreement with the Department of Finance of Guangdong Province”), Yangjiang Wind Power signed Loan Transfer Agreement with GEGC (Loan Transfer Agreement with GEGC) in 2020, specifying that GEGC shall transfer loans of RMB 2,000,000,000 (“Project Loan”) to Yangjiang Wind Power; meanwhile, the Company signed a joint liability guarantee contract with GEGC, specifying that the Company provides joint liability guarantee for all liabilities of Yangjiang Wind Power under the Loan Transfer Agreement with GEGC on behalf of GEGC to the Department of Finance of Guangdong Province from 3 December 2019 to 15 September 2043, and the guarantee scope includes but not limited to principal and interest. As at 31 December 2022, Yangjiang Wind Power borrowed pledged loan of RMB 2,000,000,000 from NDB, and the interest payable was RMB 10,734,003.
The above Project Loan was transferred to the provincial government by the Ministry of Finance under the country’s authorisation according to the same loan conditions, then transferred to GEGC by the Department of Finance of Guangdong Province under the provincial government’s authorisation, and finally transferred to Yangjiang Wind Power by GEGC. The above Project Loan was actually provided in entrusted payment. The cash would not flow through the bank accounts of the Ministry of Finance, Department of Finance of Guangdong Province and GEGC, and Yangjiang Wind Power, the actual debtor of the Project Loan, directly withdrew and repaid the loan through its account of NDB. The Project Loan was guaranteed by the Company for GEGC, and actually the Company provided guarantee for the Project Loan obtained by Yangjiang Wind Power from NDB. Therefore, after consulting the Company’s legal adviser, management considered that joint liability guarantee provided by the Group for GEGC would not constitute GEGC’s occupation of the Group’s funds.
(5) Related party transactions (Cont’d)(e) Lending among related parties
(i) According to the 2022 Framework Agreement on Financial Services between the Company and