TigerResearch/tigerbot-earning-plugin huggingface dataset:
Energy, a subsidiary of the Group, suffered from continuous operating loss. In previous years, the Group had made a provision of RMB 200,601,657 for the impairment of fixed assets for the relevant asset groups of generator units of Lincang Energy.
Note 4 In 2022, the asset group of the special railway line docking station for transferring coal for boiler
combustion in Shaoguan Power Plant was expected to be unable to be used for future operation because of the gradual decline of railway coal transport capacity. Therefore, a provision of RMB75,133,692 for impairment of this asset group was made in 2022.
Note 5 In 2022, part of wind turbine generator units of Yangjiang Wind Power were hit by typhoons, and
part of their infrastructure was seriously damaged and could not operate normally. Management evaluated the recoverable value of this part of the damaged assets and made a provision for impairment amounting to RMB 80,459,184 according to the evaluation results.
(iv) Impairment of related asset groups of certain subsidiaries that have suffered continuous operating
loss in recent years
In recent years, certain subsidiaries of the Group suffered continuous operating loss and indications of impairment of related asset groups were observed. Taking into consideration risks that may exist in the future, such as the instability of electricity demand and price of coal for power generation, macro economy and other factors, the Group continuously assessed the impairment of the above-mentioned subsidiaries’power generation asset groups (mainly including fixed assets) in 2022 (refer to Note 2(29)(b)(i) for the assessment method and accounting estimtates involved). The assessment results indicated that the estimated recoverable amounts of the above asset groups were higher than their carrying amounts. Therefore, management considered that no provision for impairment should be made.
(iv) Fixed assets with pending certificates of ownership:
Reasons for not obtaining certificates
of ownership
Buildings 2,121,250,891 Awaiting government approval As at 31 December 2022, after consulting the Group’s legal consultant, management believed that there were no substantial legal obstacles in obtaining the certificates and no material adverse impact on normal operation of the Group would occur.
|31 December 2022|31 December 2021
 Parts of power generation equipment|124,038,520|93,602,122
 Other equipment|2,151,355|4,374,501
 Construction in progress|126,189,875|97,976,623
|31 December 2022|31 December 2021(Restated)
 Construction in progress (a)|11,766,944,424|8,707,685,036
 Construction materials|1,883,737|3,006,730
11,768,828,161 8,710,691,766
||31 December 2022||31 December 2021 (Restated)||
| Book balance| Provision for impairment| Carrying amount| Book balance| Provision for impairment| Carrying amount
 Qingzhou offshore wind power project|2,342,070,500|-|2,342,070,500|27,475,461|-|27,475,461
 Shajiao Ningzhou gas power project|1,969,185,872|-|1,969,185,872|253,652,368|-|253,652,368
 Guangdong Energy Xinjiang 400,000 kW photovoltaic project|1,448,198,206|-|1,448,198,206|-|-|-
 Dacheng wind power project|683,097,937|-|683,097,937|-|-|-
 Yuehua Power substitution of natural gas for coal power project|616,219,696|-|616,219,696|57,514,981|-|57,514,981
Zhaoqing Dinghu natural gas thermal power cogeneration project|582,964,452|-|582,964,452|120,337,569|-|120,337,569
 Daya Bay petrochemical western thermal power cogeneration project|504,579,892|-|504,579,892|37,759,737|-|37,759,737
 Inner Mongolia Yuefeng 300MW photovoltaic park project|409,218,078|-|409,218,078|-|-|-
 Dabu Phase II Expansion Project|238,826,677|-|238,826,677|25,214,002|-|25,214,002
 Jinchang Muhong Jinchang DistrictWest Slope100MW photovoltaic power generation project|216,333,499|-|216,333,499|-|-|-
 Hongdong County 200MW centralised photovoltaic power generation project|207,718,654|-|207,718,654|2,559,959|-|2,559,959
 Qiantang 100MW fishery and solar complementary project in Potou, Zhanjiang|194,269,709|-|194,269,709|72,146|-|72,146
Jinchang Mujin Jinchang DistrictWest Slope 100MW photovoltaic power generation project|179,642,763|-|179,642,763|-|-|-
 Laishui Conservancy Energy Laishui County 80MW affordable on-grid photovoltaic power generation project|149,824,672|-|149,824,672|-|-|-
 Wuhua Huangnizhai Project|130,793,897|-|130,793,897|-|-|-
 Dongsheng Farm agricultural photovoltaic power generation project (Phase I) in Lianjiang, Zhanjiang|122,913,806|-|122,913,806|2,825,114|-|2,825,114
 Changshan Farm agricultural photovoltaic power generation project in Lianjiang, Zhanjiang|109,540,517|-|109,540,517|2,532,711|-|2,532,711
 Huadu thermal and power cogeneration project|100,715,497|-|100,715,497|1,054,889,800|-|1,054,889,800
 Sub-total for next page|10,206,114,324|-|10,206,114,324|1,584,833,848|-|1,584,833,848
||31 December 2022||31 December 2021 (Restated)||
 Hunan Tongdao Dagaoshan wind power plant project| Book balance| Provision for impairment| Carrying amount| Book balance| Provision for impairment| Carrying amount
|-|-|-|320,622,384|-|320,622,384
 Wuxuan Hequn project|-|-|-|413,866,414|-|413,866,414
 Yangjiang Shapa offshore wind power project|-|-|-|4,417,942,531|-|4,417,942,531
 Other infrastructure construction projects|1,254,443,125|(273,214,618)|981,228,507|1,423,911,853|(272,760,361)|1,151,151,492
 Technology improvement and other projects|588,231,904|(8,630,311)|579,601,593|827,898,678|(8,630,311)|819,268,367
|12,048,789,353|(281,844,929)|11,766,944,424|8,989,075,708|(281,390,672)|8,707,685,036
(11) Construction in progress (Cont’d)(a) Construction in progress (Cont’d)
Project name| Budget|||||31 December2021| Increase in the current year|||||||||||||| Transfer to fixed assets in the current year (Note 4(10)(a)(ii))|||||||||||||| Provision for impairment|||||||||||| Other movements (i)|31 December2022| Proportion of investment to the budget(%)| Project progress|| Capitalised borrowing costs|| Including: Capitalised borrowing costs for the year|| Capitalisation rate of borrowing cost| Source of fund
||||||(Restated)|||||||||||||||||||||||||||||||||||||||||||||||||||
 Qingzhou offshore wind power project - - -|17,107,250,000|||||27,475,461|2,314,595,039|||||||||||||||||||||||||||||||||||||||||2,342,070,500|15.13%|24.90%||30,900,081||30,900,081||2.75%| Borrowing and own funds
 Shajiao Ningzhou gas power project - -|5,927,600,000|||||253,652,368|1,716,265,813||||||||||||||||||||||||||||||||||||||||(732,309)|1,969,185,872|33.25%|68.63%||50,614,908||42,963,316||3.27%| Borrowing and own funds
 Guangdong Energy Xinjiang40,0000 kW photovoltaic project - - - -|2,226,851,400||||||1,448,198,206|||||||||||||||||||||||||||||||||||||||||1,448,198,206|71.73%|65.03%||11,502,012||11,502,012||2.94%| Borrowing and own funds
 Dacheng wind power project - - - - - - -|800,000,000||||||683,097,937|||||||||||||||||||||||||||||||||||||||||683,097,937|96.00%|100.00%||||||| Borrowing and own funds
 Yuehua Power substitution of natural gas for coal power project - - -|1,532,190,000|||||57,514,981|558,704,715|||||||||||||||||||||||||||||||||||||||||616,219,696|35.36%|36.50%||13,558,332||13,558,332||4.18%| Borrowing and own funds
Zhaoqing Dinghu Natural Gas Thermal Power Cogeneration Project - - -|2,998,180,000|||||120,337,569|462,626,883|||||||||||||||||||||||||||||||||||||||||582,964,452|57.94%|49.86%||35,172,647||30,462,326||3.77%| Borrowing and own funds
 Daya Bay petrochemical western thermal power cogeneration project - - -|3,820,000,000|||||37,759,737|466,820,155|||||||||||||||||||||||||||||||||||||||||504,579,892|32.15%|37.86%||10,861,422||10,861,422||2.92%| Borrowing and own funds
 Inner Mongolia Yuefeng300MW photovoltaic park project - - - -|1,572,760,000||||||409,218,078|||||||||||||||||||||||||||||||||||||||||409,218,078|25.16%|22.42%||1,726,696||1,726,696||2.45%| Borrowing and own funds
 Dabu Phase II Expansion Project - - -|8,134,220,000|||||25,214,002|217,448,925|||||||||||||||||||||||||||||||||||||||||242,662,927|5.58%|4.02%||3,836,250||3,836,250||3.10%| Borrowing and own funds
 Jinchang Muhong Jinchang District West Slope 100MW photovoltaic power generation project - - - -|598,705,600||||||216,333,499|||||||||||||||||||||||||||||||||||||||||216,333,499|41.09%|47.00%||502,510||502,510||2.45%| Borrowing and own funds
 Hongdong County 200MW centralised photovoltaic power generation project - - -|516,560,000|||||2,559,959|205,158,695|||||||||||||||||||||||||||||||||||||||||207,718,654|41.31%|43.86%||1,904,053||1,904,053||3.10%| Borrowing and own funds
 Qiantang 100MW fishery and solar complementary project in Potou, Zhanjiang - - -|500,232,000|||||72,146|194,197,563|||||||||||||||||||||||||||||||||||||||||194,269,709|42.90%|43.55%||2,565,207||2,565,207||3.37%| Borrowing and own funds
Sub-total for next page - -||||||524,586,223|8,892,665,508||||||||||||||||||||||||||||||||||||||||(732,309)|9,416,519,422||||163,144,118||150,782,205|||
Project name||| Budget||||31 December 2021| Increase in the current year|||||| Transfer to fixed assets in the current year (Note4(10)(a)(ii))||||||||||| Provision for impairment||||||||||| Other movements(i)||||31 December 2022| Proportion of investment to the budget (%)| Project progress| Capitalised borrowing costs|| Including: Capitalised borrowing costs for the year||| Capitalisation rate of borrowing cost| Source of fund
 Jinchang Mujin Jinchang District West Slope 100MW photovoltaic power generation project|||||||(Restated)|||||||||||||||||||||||||||||||||||||||||| Borrowing and own funds
- - - -|||598,705,600|||||179,642,763||||||||||||||||||||||||||||||||179,642,763|34.03%|44.00%|668,245||668,245|||2.42%|
 Laishui Conservancy Energy Laishui County 80MW affordable on-grid photovoltaic power generation project - - - -|||376,000,000|||||149,824,672||||||||||||||||||||||||||||||||149,824,672|38.27%|38.26%|533,607||533,607|||3.00%| Borrowing and own funds
 Wuhua Huangnizhai project - - - -|||336,020,000|||||130,793,897||||||||||||||||||||||||||||||||130,793,897|46.00%|41.67%|721,326||721,326|||3.44%| Borrowing and own funds
 Dongsheng Farm agricultural photovoltaic power generation project (Phase I) in Lianjiang, Zhanjiang - - -|||299,020,000||||2,825,114|120,088,692||||||||||||||||||||||||||||||||122,913,806|45.40%|65.74%|3,420,954||3,420,954|||3.10%| Borrowing and own funds
 Changshan Farm agricultural photovoltaic power generation project in Lianjiang, Zhanjiang - - -|||294,690,000||||2,532,711|107,007,806||||||||||||||||||||||||||||||||109,540,517|41.18%|62.93%|1,980,810||1,980,810|||3.10%| Borrowing and own funds
Huadu thermal and power cogeneration project - -|||3,536,710,000||||1,054,889,800|485,867,256||||||(1,440,041,559)||||||||||||||||||||||||||100,715,497|69.94%|97.80%|92,845,058||54,388,944|||3.94%| Borrowing and own funds
 Hunan Tongdao Dagaoshan wind power plant project - - -|||531,740,000||||320,622,384|50,942,006||||||(371,564,390)|||||||||||||||||||||||||||96.61%|100.00%|19,727,145||10,010,879|||4.12%| Borrowing and own funds
 Wuxuan Hequn Plant Project - - -|||485,000,000||||413,866,414|12,239,666||||||(426,106,080)|||||||||||||||||||||||||||99.66%|100.00%|20,264,009||8,245,177|||4.28%| Borrowing and own funds
 Yangjiang Shapa offshore wind power project - - -|||5,963,270,000||||4,417,942,531|1,199,702,277||||||(5,617,644,808)|||||||||||||||||||||||||||95.29%|100.00%|221,735,731||65,673,558|||3.25%| Borrowing and own funds
 Other infrastructure construction projects - - -|||||||1,151,151,492|886,127,085||||||(1,059,432,063)|||||||||||(454,257)|||||||||||||||977,392,257|-|-|56,036,231||35,931,335|||| Borrowing and own funds
 Technology improvement and other projects - - - -|||||||819,268,367|765,199,514||||||(971,235,146)||||||||||||||||||||||(33,631,142)||||579,601,593|-|-|1,335,162|||||| Borrowing and own funds
|||||||8,707,685,036|12,980,101,142||||||(9,886,024,046)|||||||||||(454,257)|||||||||||(34,363,451)||||11,766,944,424|||582,412,396||332,357,040||||
(i) Movements of major construction in progress (Cont’d)
Other movements of construction in progress for the year mainly include construction in progress of RMB 34,363,451 that was completed and transferred to intangible assets.
Item|31 December 2021| Increase in the current year|31 December 2022| Reason for provision
|(Restated)|||
 Humen Electric 2*1000MW project|(137,373,040)|-|(137,373,040)| Stoppage of construction
 Impairment of upfront expenses for 5# and6# generator units of Jinghai|(55,389,093)|-|(55,389,093)| Impairment of upfront expenses for construction in progress
 Impairment of upfront expenses for Guangdong wind power project|(43,138,231)|-|(43,138,231)| Impairment of upfront expenses for construction in progress
 Impairment of upfront expenses for 5# and6# generator units of Red Bay|(26,446,447)|-|(26,446,447)| Impairment of upfront expenses for construction in progress
 Others|(19,043,861)|(454,257)|(19,498,118)| Impairment of upfront expenses for construction in progress
|(281,390,672)|(454,257)|(281,844,929)|
Cost31 December 2021| Land use rights| Buildings| Machinery and equipment| Motor vehicles| Total
|-|59,726,188|5,800,549,982|8,434,545|5,868,710,715
 Increase in the current year New lease contracts|361,855,746|10,328,178|2,087,418,765|7,797,726|2,467,400,415
 Decrease in the current year Modification of leases|-|(909,835)|(854,267)|(5,421,630)|(7,185,732)
 Leases transferred out upon maturity|-|(6,656,395)|-|(1,434,787)|(8,091,182)
31 December 2022|361,855,746|62,488,136|7,887,114,480|9,375,854|8,320,834,216
 Accumulated depreciation31 December 2021|-|(17,358,410)|(593,074,160)|(2,153,166)|(612,585,736)
Increase in the current year Provision (a)|(8,387,293)|(21,791,767)|(331,125,537)|(2,249,943)|(363,554,540)
 Decrease in the current year Modification of leases|-|504,728|676,138|978,488|2,159,354
 Leases transferred out upon maturity|-|6,656,395|-|1,434,787|8,091,182
31 December 2022|(8,387,293)|(31,989,054)|(923,523,559)|(1,989,834)|(965,889,740)
 Provision for impairment31 December 2021|-|-|-|-|-
 Increase in the current year Provision|-|-|(2,899,510)|-|(2,899,510)
31 December 2022|-|-|(2,899,510)|-|(2,899,510)
Carrying amount31 December 2022|353,468,453|30,499,082|6,960,691,411|7,386,020|7,352,044,966
31 December 2021|-|42,367,778|5,207,475,822|6,281,379|5,256,124,979
(a) In 2022, depreciation charged to right-of-use assets was RMB 363,554,540 (2021: RMB
244,546,772), among which depreciation expenses charged to cost of sale, general and administrative expenses, selling expenses and construction in progress were RMB 294,975,923, RMB 18,031,393, RMB 2,736,644 and RMB 47,810,580 (2021: RMB 168,487,776, RMB11,428,272, RMB 2,747,235 and RMB 61,883,489) respectively.
Cost31 December 2021| Land use rights and sea use rights| Use rights of associated projects for electricity transmission and transformation| Software| Non-patent technology and others| Total
|3,155,681,252|260,331,315|214,052,599|91,714,579|3,721,779,745
 Increase in the current year Purchase|738,127,331|-|18,999,616|101,145|757,228,092
 Transfers from construction in progress|-|-|33,631,142|732,309|34,363,451
 Decrease in the current year Disposal|-|-|(4,581,951)|-|(4,581,951)
31 December 2022|3,893,808,583|260,331,315|262,101,406|92,548,033|4,508,789,337
 Accumulated amortisation31 December 2021|(575,637,956)|(260,331,315)|(138,064,496)|(32,517,259)|(1,006,551,026)
 Increase in the current year Provision (a)|(77,523,591)|-|(19,748,237)|(5,901,618)|(103,173,446)
 Decrease in the current year Disposal|-|-|4,173,004|-|4,173,004
31 December 2022|(653,161,547)|(260,331,315)|(153,639,729)|(38,418,877)|(1,105,551,468)
Provision for impairment31 December 2021| Land use rights and sea use rights| Use rights of associated projects for electricity transmission and transformation| Software| Non-patent technology and others| Total
|(56,502,373)|-|-|-|(56,502,373)
 Decrease in the current year|-|-|-|-|-
31 December 2022|(56,502,373)|-|-|-|(56,502,373)
 Carrying amount31 December 2022|3,184,144,663|-|108,461,677|54,129,156|3,346,735,496
31 December 2021|2,523,540,923|-|75,988,103|59,197,320|2,658,726,346
(a) In 2022, amortisation charged to intangible assets was RMB 103,173,446, with cost of sale of RMB 13,917,919, general and administrative expenses
of RMB 71,440,393, construction in progress of RMB 15,582,846 and research and development expenses of RMB 2,232,288 respectively (In 2021, amortisation charged to intangible assets was RMB 83,576,878, with cost of sale of RMB 4,225,762, general and administrative expenses of RMB71,354,033 and construction in progress of RMB 7,581,319 and research and development expenses of RMB 415,764 respectively).
(b) As at 31 December 2022, for the land use rights with a carrying amount of RMB 224,004,105 (31 December 2021: RMB 40,485,578) and a cost of
RMB 233,461,861 (31 December 2021: RMB 48,689,959), the certificates had not been obtained due to incomplete filing documents or the registration procedures were under processing.
(c) In 2022, the Group’s expenditures on research and development amounting to RMB 1,229,311,572 (2021: RMB 584,714,979) were all recognised as
research and development expenses in the current period (Note 4(43)). As at 31 December 2022, there were no intangible assets arising from internal research and development of the Group.
(14) Goodwill
Goodwill -
Tumxuk Thermal Power Co., Ltd.
(“Tumxuk Thermal Power”) 119,488,672 119,488,672 Others 45,531,259 45,531,259
165,019,931 165,019,931
Less: Provision for impairment -
Others (36,922,378) (25,036,894)
128,097,553 139,983,037
Improvements to right- of-use assets|31 December2021| Increase in the current year| Amortisation in the current year|31 December2022
|7,965,121|9,577,332|(12,845,788)|4,696,665
 Insurance expenses|-|79,363,798|(23,051,376)|56,312,422
 Road use rights|-|32,028,855|(850,181)|31,178,674
 Others|22,370,180|38,720|(5,110,915)|17,297,985
|30,335,301|121,008,705|(41,858,260)|109,485,746
(16) Deferred tax assets and deferred tax liabilities(a) Deferred tax assets before offsetting
|31 December 2022||31 December 2021 (Restated)|
| Deductible temporary differences and deductible tax losses| Deferred tax assets| Deductible temporary differences and deductible tax losses| Deferred tax assets
 Deductible losses|4,176,626,660|968,337,573|3,189,847,440|758,900,259
 Provision for asset impairment|392,229,114|96,899,577|444,961,087|109,842,258
 Depreciation of fixed assets|291,680,433|71,206,998|309,188,451|74,032,411
 Unrealised profits from intra-group transactions|656,830,968|164,207,742|685,896,928|171,474,232
 Employee benefits payable|293,456,521|70,088,187|305,163,061|73,089,625
Government grants|76,328,527|18,673,466|95,459,260|23,306,593
 Amortisation of intangible assets|3,328,432|832,108|4,028,407|1,007,101
 Including: Expected to be recovered within 1 year (inclusive)|5,890,480,655|1,390,245,651|5,034,544,634|1,211,652,479
||89,773,324||115,084,638
 Expected to be recovered after 1 year||1,300,472,327||1,096,567,841
||1,390,245,651||1,211,652,479
|31 December 2022||31 December 2021|
 Changes in fair value of investments in other equity instruments included in other comprehensive income| Taxable temporary differences| Deferred tax liabilities| Taxable temporary differences| Deferred tax liabilities
|(2,115,908,438)|(528,977,110)|(2,291,866,066)|(572,966,517)
 Depreciation of fixed assets|(85,028,556)|(21,257,139)|(92,116,411)|(23,029,104)
 Revaluation reserve of business combinations involving enterprises not under common control|(235,501,692)|(58,875,422)|(272,521,240)|(68,130,309)
 Amortisation of land use rights|(15,302,244)|(3,825,561)|(15,685,439)|(3,921,360)
 Interest receivable|(9,606,414)|(2,401,603)|(10,071,856)|(2,517,964)
Including: Expected to be recovered within 1 year (inclusive)|(2,461,347,344)|(615,336,835)|(2,682,261,012)|(670,565,254)
||(12,535,987)||(10,368,799)
 Expected to be recovered after 1 year||(602,800,848)||(660,196,455)
||(615,336,835)||(670,565,254)
(16) Deferred tax assets and deferred tax liabilities (Cont’d)
(c) Deductible temporary differences and deductible losses that are not recognised as deferred tax
|31 December 2022|31 December 2021(Restated)
 Deductible temporary differences|1,987,366,998|1,831,235,286
 Deductible losses|11,033,478,760|5,808,689,992
|13,020,845,758|7,639,925,278
(d) Deductible tax losses that are not recognised as deferred tax assets will expire in following years:
|31 December 2022|31 December 2021
2022|-|679,470,193
2023|1,171,683,402|810,630,290
2024|173,024,661|173,024,661
2025|760,600,486|598,674,880
2026|3,992,021,430|3,546,889,968
2027|4,936,148,781|-
|11,033,478,760|5,808,689,992
Management believed that as at the maturity date for the above deductible losses, the relevant subject of tax payment has no sufficient taxable profits to deduct the above deductible losses; therefore, no related deferred tax asset was recognised.
|31 December 2022||31 December 2021 (Restated)|
| Offsetting amount| Balance after offsetting| Offsetting amount| Balance after offsetting
 Deferred tax assets|(31,220,570)|1,359,025,081|(34,810,493)|1,176,841,986
 Deferred tax liabilities|31,220,570|(584,116,265)|34,810,493|(635,754,761)
|31 December 2022|31 December 2021
 Advances for engineering and equipment|4,483,822,263|2,294,733,606
 Input VAT to be deducted|1,813,240,967|2,207,784,437
 Prepayment for land use rights|198,089,693|166,211,424
 Deposits prepaid for equity acquisition (a)|93,426,000|80,000,000
 Prepayments for purchase of buildings|11,623,305|58,318,764
 Others|6,316,324|3,203,403
|6,606,518,552|4,810,251,634
(a) In August 2022, Guangdong Wind Power and Shanxi Hengyang New Energy Co., Ltd.
("Hengyang New Energy") signed the Framework Agreement for Acquiring Equity of Wuxiang Lvheng 100MW Photovoltaic Power Generation Project, and Guangdong Wind Power paid a deposit of RMB 52,200,000 as agreed in the agreement.
In September 2022, Guangdong Wind Power and Shandong Fengxu New Energy Co., Ltd.("Shandong Fengxu") signed the Framework Agreement for Acquiring 100% Equity of Gaotang Fengxu New Energy Co., Ltd., and Guangdong Wind Power paid a deposit of RMB 41,226,000 as agreed in the agreement.
Provision for bad debts of accounts receivables|31 December 2021| Increase in the current year| Reversal in the current year| Write-off/Charge-off in the current year|31 December 2022
|(263,506)|(546,710)|243,357|-|(566,859)
 Including: Provision for bad debts on a collective basis|(263,506)|(546,710)|243,357|-|(566,859)
 Provision for bad debts of other receivables|(37,747,977)|(6,252,264)|8,118,747|577,662|(35,303,832)
 Sub-total|(38,011,483)|(6,798,974)|8,362,104|577,662|(35,870,691)
 Provision for impairment of advances to suppliers|(115,000)|-|-|-|(115,000)
 Provision for decline in the value of inventories|(34,044,608)|-|-|-|(34,044,608)
Provision for impairment of contract assets|(21,889)|-|9,360|-|(12,529)
 Provision for impairment of long-term equity investments|(117,147,134)|-|-|-|(117,147,134)
 Provision for impairment of fixed assets|(1,169,899,891)|(155,592,876)|-|193,491,165|(1,132,001,602)
 Provision for impairment of construction in progress|(281,390,672)|(454,257)|-|-|(281,844,929)
 Provision for impairment of right-of-use assets|-|(2,899,510)|-|-|(2,899,510)
 Provision for impairment of intangible assets|(56,502,373)|-|-|-|(56,502,373)
 Provision for impairment of goodwill|(25,036,894)|(11,885,484)|-|-|(36,922,378)
Sub-total|(1,684,158,461)|(170,832,127)|9,360|193,491,165|(1,661,490,063)
|(1,722,169,944)|(177,631,101)|8,371,464|194,068,827|(1,697,360,754)
|31 December 2022|31 December 2021
 Credit loan|16,201,278,600|12,062,948,533
 Guaranteed loan|60,166,260|297,347,896
|16,261,444,860|12,360,296,429
(a) As at 31 December 2022, the annual interest rates of the short-term borrowings ranged from
2.00% to 3.85% (31 December 2021: 2.77% to 3.85%).
(b) As at 31 December 2022, the principal of short-term credit loan provided by related party Energy
Group Finance Company amounted to RMB 5,723,903,012 (31 December 2021: RMB4,977,136,729) (Note 8(6)). Interest payable of short-term borrowings to Energy Group Finance Company amounted to RMB 5,323,466 (31 December 2021: RMB 3,142,408).
(c) As at 31 December 2022, short-term borrowings of RMB 60,000,000 (31 December 2021: RMB
297,000,000) were guaranteed by Xinjiang Jintai Electric Power Co., Ltd., a minority shareholder of the subsidiary Tumxuk Thermal Power.