TigerResearch/tigerbot-earning-plugin huggingface dataset:
|31 December 2022|31 December 2021
 Bank acceptance notes|1,019,206,000|1,728,780,000
 Trade acceptance notes|476,572,076|180,000,000
|1,495,778,076|1,908,780,000
|31 December 2022|31 December 2021
 Fuel payable|5,182,454,648|5,731,957,639
 Materials and spare parts payable|417,506,141|501,756,882
 Repair expenses payable|98,126,083|99,748,099
 Desulfurisation and denitrification expenses payable|67,846,620|50,427,110
 Contracted operation expenses payable|62,414,344|166,296,490
 Management fees payable for frequency modulation and energy storage|25,898,303|319,986
 Others|84,007,874|76,060,858
|5,938,254,013|6,626,567,064
(a) As at 31 December 2022, accounts payables with ageing over one year amounted RMB
56,448,384 (31 December 2021: RMB 51,399,876), mainly including unsettled fuel payable and materials payable.
|31 December 2022|31 December 2021
 Short-term employee benefits payable (a)|368,880,069|348,069,102
 Defined contribution plans payable (b)|3,128,825|3,092,268
 Early retirement benefits payable (c)|67,170,982|62,450,865
 Defined benefit plans payable (c)|8,241,541|8,400,995
|447,421,417|422,013,230
Wages and salaries, bonus, allowances and subsidies|31 December2021| Increase in the current year| Decrease in the current year|31 December2022
|11,143,810|1,715,775,659|(1,723,132,997)|3,786,472
 Staff welfare|5,035,644|180,750,141|(181,390,687)|4,395,098
 Social security contributions|184,406,723|163,862,622|(142,101,008)|206,168,337
 Including: Medical insurance|184,406,603|157,254,700|(135,541,925)|206,119,378
 Work injury insurance|120|4,243,006|(4,242,888)|238
 Maternity insurance|-|2,364,916|(2,316,195)|48,721
Housing funds|4,800|179,950,828|(179,929,654)|25,974
 Labour union funds and employee education funds|140,396,647|66,507,488|(61,901,191)|145,002,944
 Other short-term employee benefits|7,081,478|100,314,325|(97,894,559)|9,501,244
 Defined contribution plans|348,069,102|2,407,161,063|(2,386,350,096)|368,880,069
|31 December2021| Increase in the current year| Decrease in the current year|31 December2022
 Basic pensions|4,800|214,025,762|(213,975,805)|54,757
 Unemployment insurance|150|5,245,900|(5,239,042)|7,008
Enterprise annuity contribution|3,087,318|124,098,888|(124,119,146)|3,067,060
|3,092,268|343,370,550|(343,333,993)|3,128,825
(c) The remuneration for early retirement and the Group’s special retirement pensions that are
expected to be paid within one year from the date of the balance sheet are listed as the early retirement benefits payable and the defined benefit plan payable, respectively. Please refer to Note4(32)(a) and (b) for details.
|31 December 2022|31 December 2021
 Enterprise income tax payable|142,673,955|91,420,743
 Land VAT payable|80,216,700|80,216,700
 Unpaid VAT|33,926,459|145,874,436
 Individual income tax payable|28,187,414|29,777,458
 City maintenance and construction tax payable|1,306,426|16,340,357
 Educational surcharge payable|1,088,906|12,684,138
Property tax payable|924,458|77,307,640
 Land use tax payable|217,542|21,588,871
 Others|13,943,055|27,092,732
 Other payables|302,484,915|502,303,075
 Construction and equipment expenses payable|31 December 2022|31 December 2021
|8,097,497,010|7,210,562,333
 Carbon emission allowances payable|382,721,278|103,819,285
Generator unit capacity payable (b)|249,056,604|219,849,057
 Project warranty payable|236,415,770|228,942,252
 Advances payable to third parties|98,388,118|-
 Payables for equity acquisition (c)|68,180,122|2,501,436,910
 Dividends payable (d)|18,553,521|-
 Administrative fines payable|11,531,700|11,531,700
 Others|241,313,908|293,622,241
|9,403,658,031|10,569,763,778
(a) As at 31 December 2022, other payables of RMB 2,403,143,193 (31 December 2021: RMB
2,564,331,490) aged over one year mainly represented construction and equipment expenses payable and warranty payable not being settled because the comprehensive acceptance and settlement of relevant projects were yet to be completed or projects were still within their warranty periods.
(24) Other payables (Cont’d)
(b) As at 31 December 2022, 1# and 2# generator units of Bohe Energy had been completed and were
temporarily transferred to fixed assets. Generator unit capacity payable by Bohe Energy was estimated to be RMB 249,056,604 based on the capacity index of thermal power generator units.
(c) In 2022, the Company acquired 100% equity of Gaotang Shihui New Energy Co., Ltd. ("Gaotang New
Energy"), 80% equity of Dacheng County Dun'An New Energy Co., Ltd. ("Dun'An New Energy") and100% equity of Jiuzhou New Energy (Zhaoqing) Co., Ltd. ("Jiuzhou New Energy"), with the transaction price of RMB 178,000,000 in total (see Note 5(1) for details). As at 31 December 2022, there were still payables for equity acquisition amounting to RMB 68,180,122 that had not yet been paid. According to the equity acquisition agreement, the remaining equity acquisition payment will be made within one year.
(d) In 2022, Guangdong Yudean Zhuhai Offshore Wind Power Co., Ltd. (“Zhuhai Wind Power”), a
subsidiary of the Group, declared to distribute a dividend of RMB 18,553,521 to the minority shareholder Zhuhai Special Economic Zone Power Development Group Co., Ltd. at a resolution of the shareholders' meeting. As at 31 December 2022, the dividend was still not paid.
Current portion of long-term borrowings (Note4(27))|31 December 2022|31 December 2021
|2,685,540,872|2,705,229,515
 Current portion of long-term payables (Note 4(30))|18,508,453|-
 Current portion of debentures payable|334,056,607|121,526,171
 Current portion of lease liabilities (Note 4(29))|937,144,038|870,864,067
|3,975,249,970|3,697,619,753
(26) Other current liabilities
Short-term debentures payable 3,503,496,438 1,007,871,233 Output VAT to be written off 671,353,936 650,577,773
4,174,850,374 1,658,449,006
Second batch of super short-term financing notes issued by Guangdong Electric Power Development Co., Ltd., 2021| Face value| Issuance date| Maturity period| Issuance amount|31 December2021| Issued in the current year| Interest at face value| Amortisation of discounts or premium| Repayments for the year|31 December2022
|1,000,000,000|23/8/2021 178 days||1,000,000,000|1,007,871,233|-|2,906,301|-|(1,010,777,534)|-
 First batch of super short-term financing notes issued by Guangdong Electric Power Development Co., Ltd., 2022|1,000,000,000|14/2/2022 178 days||1,000,000,000|-|1,200,000,000|11,762,630|-|(1,211,762,630)|-
 Second batch of super short-term financing notes issued by Guangdong Electric Power Development Co., Ltd., 2022|1,000,000,000|16/6/2022 178 days||1,000,000,000|-|1,500,000,000|14,630,137|-|(1,514,630,137)|-
 Third batch of super short-term financing notes issued by Guangdong Electric Power Development Co., Ltd., 2022|2,000,000,000|9/12/2022 177 days||2,000,000,000|-|2,000,000,000|2,564,383|-|-|2,002,564,383
 Fourth batch of super short-term financing notes issued by Guangdong Electric Power Development Co., Ltd., 2022|1,500,000,000|22/12/2022|90 days|1,500,000,000|-|1,500,000,000|932,055|-|-|1,500,932,055
|6,500,000,000|||6,500,000,000|1,007,871,233|6,200,000,000|32,795,506|-|(3,737,170,301)|3,503,496,438
In 2022, the interest rate of super short-term financing notes issued by the Company was from 2.00% to 2.52% (2021: 1.80% to 2.21%).
|31 December 2022|31 December 2021
 Credit loan|36,895,757,247|23,906,374,506
 Pledged loan (a)|6,067,812,048|6,007,416,837
 Guaranteed loan (b)|2,582,904,205|1,732,016,028
 Less: Current portion of long-term borrowings (Note 4(25)) Credit loan|45,546,473,500|31,645,807,371
|(2,004,935,172)|(2,181,560,334)
 Pledged loan|(528,303,490)|(391,353,153)
 Guaranteed loan|(152,302,210)|(132,316,028)
|42,860,932,628|28,940,577,856
(a) Pledged loan
As at 31 December 2022, the charge right for electricity was treated as pledge for long-term pledged loan for some subsidiaries.
(b) Guaranteed loan
As at 31 December 2022, the principal balance of the Group’s subsidiary Xuwen Wind Power’s long-term borrowings from Energy Group Finance Company was RMB 6,400,000, including current portion of long-term borrowings amounting to RMB 1,400,000, which was secured by Zhanjiang Wind Power (2021: RMB 7,100,000, including current portion of long-term borrowings amounting to RMB 1,400,000). The annual interest rate of the loan is 4.06% (2021: 4.26%), and the remaining principal will mature in installments by 28 November 2031.
As at 31 December 2022, the principal balance of the Group’s subsidiary Qujie Wind Power’s long-term borrowings from China Clean Development Mechanism Fund was RMB 69,000,000(2021: 69,000,000), which was guaranteed by Energy Group Finance Company. The annual interest rate of the loan is 3.26% (2021: 3.26%), and these borrowings will mature in installments by 7 May 2025.
(27) Long-term borrowings (Cont’d)(b) Guaranteed loan (Cont'd)
As at 31 December 2022, the principal balance of the Group’s subsidiary Dun'An New Energy’s long-term borrowings from Industrial Bank Co., Ltd. Hohhot Branch was RMB 529,386,987, including current portion of long-term borrowings amounting to RMB 13,234,675, which was secured by Beijing Guangdun New Energy Co. Ltd. (2021: Nil). The annual interest rate of the loan is 4.40% (2021: Nil), and the remaining principal will mature in installments by 11 December2037.
As at 31 December 2022, the principal balance of the Group’s subsidiary Guangdong Yudean Xinhui Power Generation Co., Ltd. (“Xinhui Power”)’s long-term borrowings from China Clean Development Mechanism Fund was RMB 69,000,000 (2021: 69,000,000), which was guaranteed by Energy Group Finance Company. The annual interest rate of the loan is 3.21% (2021: 3.26%), and these borrowings will mature in installments by 27 July 2025.
As at 31 December 2022, the principal balance of the Group's subsidiary Tumxuk Thermal Power’s long-term borrowings from Shanghai Pudong Development Bank, China Guangfa Bank and Urumqi was RMB 1,375,000,000, including current portion of long-term borrowings amounting to RMB 130,000,000 (2021: RMB 1,500,000,000, including current portion of long-term borrowings amounting to RMB 125,000,000), which was guaranteed by the Third Division of Xinjiang Production and Construction Corps. The annual interest rate of the loan is 4.90% (2021:4.90%) and the remaining principal will mature in installments by 27 June 2032.
As at 31 December 2022, the principal balance of the Group's subsidiary Tumxuk Thermal Power’s long-term borrowings from Bank of China was RMB 32,649,966, including current portion of long-term borrowings amounting to RMB 6,200,000 (2021: Nil), which was guaranteed by Xinjiang Jintai Electric Power Co., Ltd. The annual interest rate of the loan is 4.30% (2021: Nil), and the remaining principal will mature in installments by 15 December 2031.
(c) As at 31 December 2022, the annual interest rates of long-term borrowings ranged from 0.75% to
4.90% (31 December 2021: 0.80% to 4.90%).
|31 December2021| Issued in the current year| Amortisation of discounts or premium| Transferred to current portion of non-current liabilities|31 December2022
21 Pinghai Bond 01 (a)|199,921,484|-|60,679|(199,982,163)|-
21 Pinghai Power MTN001 (b)|299,212,878|-|295,424|-|299,508,302
20 Yudean Bond 01 (c)|1,499,648,572|-|105,660|-|1,499,754,232
21 Yudean Bond 01 (d)|999,924,528|-|37,736|-|999,962,264
21 Yudean Bond 02 (e)|1,499,855,660|-|33,962|-|1,499,889,622
21 Yudean Bond 03 (f)|799,635,220|-|75,472|-|799,710,692
21 Yudean Faneng MTN001 (g)|1,198,296,858|-|1,075,472|-|1,199,372,330
21 Yudean Faneng MTN002 (g)|2,196,588,222|-|1,183,019|-|2,197,771,241
22 Yudean Faneng MTN001(g)|-|600,000,000|(1,478,774)|-|598,521,226
|8,693,083,422|600,000,000|1,388,650|(199,982,163)|9,094,489,909
(a) As approved by CSRC Circular SFC License [2020] No. 1771, the Group’s subsidiary Pinghai Power issued 2-year book-entry corporate
debentures in real-name system with face value of RMB 200,000,000 (“21 Pinghai Bond 01”) to the public on 4 June 2021. The Group altogether raised RMB 199,880,000 after deducting an issue expense of RMB 120,000. The debenture is subject to an annual interest rate of 3.57% starting from 4 June 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 3.60% (31 December 2021: 3.60%).
(28) Debentures payable (Cont’d)
(b) On 15 October 2021, Pinghai Power issued 3-year middle-term notes with face value of RMB
300,000,000 in the interbank market (“21 Pinghai Power MTN001”). The Group altogether raised RMB 299,100,000 after deducting an issue expense of RMB 900,000. The debenture is subject to an annual interest rate of 3.72% starting from 15 October 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 3.83% (31 December 2021:3.83%).
(c) As approved by CSRC Circular SFC License [2019] No. 2477, the Company issued 5-year book-
entry corporate debentures in real-name system with face value of RMB 1,500,000,000 (“20 Yudean Bond 01”) to the public on 29 April 2020. The Company altogether raised RMB1,499,471,698 after deducting an issue expense of RMB 528,302. The debenture is subject to an annual interest rate of 2.45% starting from 29 April 2020 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 2.46% (31 December 2021:2.46%).
(d) As approved by CSRC Circular SFC License [2019] No. 2477, the Company issued 3-year book-
entry corporate debentures in real-name system with face value of RMB 1,000,000,000 (“21 Yudean Bond 01”) to the public on 27 January 2021. The Company altogether raised RMB999,848,386 after deducting an issue expense of RMB 151,614. The debenture is subject to an annual interest rate of 3.57% starting from 27 January 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 3.58% (31 December 2021:3.58%).
(e) As approved by CSRC Circular SFC License [2019] No. 2477, the Company issued 5-year book-
entry corporate debentures in real-name system with face value of RMB 1,500,000,000 (“21 Yudean Bond 02”) to the public on 28 April 2021. The Company altogether raised RMB1,499,791,783 after deducting an issue expense of RMB 208,217. The debenture is subject to an annual interest rate of 3.50% starting from 28 April 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 3.50% (31 December 2021:3.50%).
(f) As approved by CSRC Circular SFC License [2021] No. 3142, the Company issued 5-year book-
entry corporate debentures in real-name system with face value of RMB 800,000,000 (“21 Yudean Bond 03”) to the public on 24 November 2021. The Company altogether raised RMB799,565,033 after deducting an issue expense of RMB 434,967. The debenture is subject to an annual interest rate of 3.41% starting from 24 November 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 3.42% (31 December 2021:3.42%).
(g) The Company’s application for registration of middle-term notes has been accepted by the
National Association of Financial Market Institutional Investors at its 51st meeting in 2021. The registered amount of RMB 4,000,000,000 would be valid for 2 years starting from 29 June 2021. On 19 July 2021, the Company issued 3-year middle-term notes with face value of RMB1,200,000,000 in the interbank market ("21 Yudean Faneng MTN001"). The Company altogether raised RMB 1,197,948,000 after deducting an issue expense of RMB 2,052,000, which should be paid in three years. In 2022, the issue expense of RMB 684,000 was paid. The debenture is subject to an annual interest rate of 3.17% starting from 21 July 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 3.23% (31 December 2021: 3.23%).
On 15 November 2021, the Company issued 3-year middle-term notes with face value of RMB2,200,000,000 in the interbank market ("21 Yudean Faneng MTN002"). The Company altogether raised RMB 2,196,238,000 after deducting an issue expense of RMB 3,762,000, which should be paid in three years. In 2022, the issue expense of RMB 1,254,000 was paid. The debenture is subject to an annual interest rate of 3.13% starting from 17 November 2021 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of3.19% (31 December 2021: 3.19%).
On 24 August 2022, the Company issued 5-year middle-term notes with face value of RMB600,000,000 in the interbank market (“22 Yudean Faneng MTN001”). The Company altogether raised RMB 598,290,000 after deducting an issue expense of RMB 1,710,000, which should be paid in five years. In 2022, the issue expense of RMB 342,000 was paid. The debenture is subject to an annual interest rate of 2.90% starting from 26 August 2022 and should be payable annually on simple interest. As at 31 December 2022, debentures payable were measured at amortised cost using effective interest method, with the effective interest rate of 2.96%.
(29) Lease liabilities
Lease liabilities 7,807,964,055 5,599,031,209 Less: Current portion of non-current
liabilities (Note 4(25)) (937,144,038) (870,864,067)
6,870,820,017 4,728,167,142
(a) As at 31 December 2022, the future minimum lease payments of short-term leases and low value
asset leases adopting the practical expedient according to the new lease standard were RMB5,449,828 and RMB 387,098 (31 December 2021: RMB 3,339,680 and RMB 102,983) respectively, which should be paid within one year.
|31 December 2022|31 December 2021
 Sea area usage fee payable|389,004,362|-
 Equipment and construction expenses payable|270,841,119|96,819,223
 Others|24,960,000|24,960,000
 Less: Current portion of long-term payables|(18,508,453)|-
 Deferred income|666,297,028|121,779,223
31 December2021  Decrease in the current year| Increase in the current year|31 December2022
 Government grants (a) 163,611,515 (28,476,248)|7,156,948|142,292,215
(31) Deferred income (Cont’d)(a) Government grants
Increase in the current year
Recognised in other income in the current year
Asset related/ Income related
Special funds for 1-3# generators’desulfurisation project 15,107,198 - (1,303,568) 13,803,630 Asset related Special financial funds for energy conservation 12,407,220 - (1,383,567) 11,023,653 Asset related Special treasury bond-based government grants for
desulfurisation projects 12,079,169 - (1,342,130) 10,737,039 Asset related Compensation for relocation and renovation of Shajiao A
Zhenkou pump house 11,122,717 - (5,561,358) 5,561,359 Asset related Tax refund for PRC-made equipment 8,036,728 - (2,296,208) 5,740,520 Asset related Environmental grants for SCR denitration project 7,559,528 - (1,764,615) 5,794,913 Asset related Provincial special funds for enterprises’technology
improvement 7,707,105 - (2,997,831) 4,709,274 Asset related Comprehensive technology upgrading for the energy saving of
1&2# generator units turbine by Zhongyue Energy 6,923,077 - (769,230) 6,153,847 Asset related Second incentives for comprehensive and typical
demonstration projects under financial policies of energy
saving 6,300,000 - (450,000) 5,850,000 Asset related Development and competitiveness funds from SASAC 6,000,000 - (666,666) 5,333,334 Asset related Post rewarding subsidies for ultra-low emissions of 1&2#
generators 5,012,766 - (633,191) 4,379,575 Asset related Grants for energy saving and consumption reduction of 6#
generator flow reconstruction 4,698,723 - (478,188) 4,220,535 Asset related Grants for comprehensive technical transformation project for
generator transformation and upgrading 4,200,416 - (526,385) 3,674,031 Asset related Incentives for energy efficiency of power plant by Dongguan 3,295,375 - (1,647,687) 1,647,688 Asset related Special funds for technical transformation of ultra-low
emissions of 5&6# generators - 5,133,400 (311,115) 4,822,285 Asset related Others 53,161,493 2,023,548 (6,344,509) 48,840,532 Asset related
163,611,515 7,156,948 (28,476,248) 142,292,215
|31 December 2022|31 December 2021
 Early retirement benefits payable (a)|366,776,366|343,077,437
 Defined benefit plans payable (b)|91,612,969|100,097,967
 Other long-term employee benefits payable(c)|61,903,987|55,536,676
 Less: Payable within one year|(91,028,053)|(83,231,818)
|429,265,269|415,480,262
The employee benefits payable within one year are included in the employee benefits payable(Note 4(22)).
(a) According to the Group’s regulations for early retirement of employees, the employees whose
early retirement requests are approved by the Group could have early retirement before statutory retirement age. Employees can obtain salary on a monthly basis by a certain ratio of the original salary until they reach the statutory retirement age. Management expects the termination benefits to be paid in the future are determined by the present value of cash flow, when accrued the above termination benefits. As at 31 December 2022, the Group calculated the expected expense for each employee eligible for early retirement in each year before the statutory retirement age in accordance with the related regulations for early retirement, taking into account local salary growth rate, and estimated the present value of future termination benefits by treasury bond interest rate of 3.22% (2021: 3.57%) of the same period. As at 31 December 2022, the Group accrued termination benefits of RMB 366,776,366 (31 December 2021: RMB 343,077,437) and recognised them in long-term employee benefits payable. The actual termination benefits due within one year totalling RMB 67,170,982 (31 December 2021: RMB 62,450,865) were recognised in employee benefits payable.
(b) In accordance with the FAQ on Social Management of Retired Employees in State-owned
Enterprises (Guo Zi Ting Fa Gai Ge [2020] No. 36) issued by the State-owned Assets Supervision and Administration Commission of the State Council, the Group made a one-time provision for the expected payments to retired employees eligible for the Group’s special retirement pensions in 2020, and made the payment on a monthly basis. The expected present values of cash flows of the Group’s special retirement pensions during the expected remaining life of the retired employees are recognised as long-term employee benefits payable and recorded in profit or loss for the current period. The Group’s special retirement pensions mainly include retirement subsidies, military transfer subsidies and living allowances for retired primary and secondary school teachers. As at 31 December 2022, the Group calculated the expected special retirement pensions each year during retirees’expected remaining life, and estimated the present value of special retirement pensions in the future by treasury bond interest rate of 3.22%(2021: 3.57%) of the same period. As at 31 December 2022, the Group accrued defined benefit plans of RMB 91,612,969 and recognised them in long-term employee benefits payable (31 December 2021: RMB 100,097,967). The actual defined benefit plans due within one year totalling RMB 8,241,541 are recognised in employee benefits payable (31 December 2021: RMB8,400,995).
(32) Long-term employee benefits payable (Cont’d)(b) (Cont’d)
As at 31 December 2022 and 31 December 2021, significant actuarial assumptions for the determination of the present value of the obligations of the defined benefit plan are as follows:
Discount rates 3.22% 3.57% Growth rates on military transfer subsidies 2% to 12% 2% to 12% Estimated average life 76 75