TigerResearch/tigerbot-earning-plugin huggingface dataset:
(4) The cash outflow from investment activities increased by 34.16%, mainly due to the year-on-year increase in fixed assets and intangible assets purchased and built by infrastructure units such as Hanhai and Yong'an and the second-phase projects such as Jinghai, Bohe and Dapu.
(5) The cash inflow from fund-raising activities increased by 29.64%, and the net cash flow from fund-raising activities increased by 93.63%, mainly due to the increase in investment and working capital demand and the expansion of debt financing this year.
(6) The net increase in cash and cash equivalents increased by 346.8%, mainly due to the year-on-year increase in cash flow from operating activities as well as the increasing borrowed funds.
Reasons for the significant difference between the net cash flow generated by the company's operating activities during the reporting period and the net profit of this year
| End of 2022|| End of 2021|| Proporti on increase/decreas e|
| Amount| Proportion in the total assets(%)|||| Notes to the significant change
 Monetary fund|11,503,523,618|8.75%|8,105,320,953|7.08%|1.67%|
 Accounts receivable|7,578,636,244|5.76%|7,030,685,357|6.14%|-0.38%|
 Contract assets|4,910,263|0.004%|4,754,820|0.004%|0%|
 Inventories|3,376,868,100|2.57%|2,998,894,539|2.62%|-0.05%|
 Investment real estate|365,285,301|0.28%|378,796,932|0.33%|-0.05%|
 Long-term equity investment|9,198,053,183|6.99%|8,074,149,836|7.05%|-0.06%|
 Fixed assets|62,400,175,057|47.45%|57,145,099,423|49.91%|-2.46%|
Construction in process|11,768,828,161|8.95%|8,710,691,766|7.61%|1.34%|
 Use right assets|7,352,044,966|5.59%|5,256,124,979|4.59%|1.00%|
 Short-term loans|16,261,444,860|12.37%|12,360,296,429|10.80%|1.57%|
 Contract liabilities|4,960,974|0%|5,864,811|0.01%|-0.01%| It is mainly the expansion of debt financing scale due to the increase of company investment and working capital demand.
 Long-term borrowing|42,860,932,628|32.59%|28,940,577,856|25.28%|7.31%|
 Lease liabilities|6,870,820,017|5.22%|4,728,167,142|4.13%|1.09%|
Impair ment  Purchased  Sold||| Gain/Loss on| Cumulative|||
 Items provisi ons in the amount in the amount in the| Opening amount||change in the fair value reporting|recorded into fair value change|| Other chan| Closing amount
reporti ng reporting period reporting period|||period|equity||ges|
 Financial assets Other equity Instrument Investment period 2,000,000|3,232,028,682||-175,957,628|2,115,908,438|||3,058,071,054
 Subtotal of financial assets 2,000,000|3,232,028,682||-175,957,628|2,115,908,438|||3,058,071,054
 Total 2,000,000|3,232,028,682||-175,957,628|2,115,908,438|||3,058,071,054
 Financial Liability||0|0||0||0
3. Restricted asset rights as of the end of this Reporting Period
On December 31, 2022, some subsidiaries of the Group pledged the right to charge electricity fees to the banks to obtain the long-term loans of RMB 6,052,250,122, of which the balance of long-term loans due within one year was RMB 512,741,564 (as of December 31, 2021: the long-term loans were RMB 6,002,119,898, of which the balance of long-term loans due within one year was RMB 386,056,214).
Investment of the period| Investment of same period of last year| Scale of change|
8,056,177,802|4,542,474,730||77.35%
2.Condition of Acquiring Significant Share Right Investment during the Report Period√Applicable □Not applicable
Name of the  Invest ment  Whet|||| Share Propo||||||||
company Invested  Progress her to  Invol  Date of| Main Business| Investm entWay| Investment Amount|| Capital Source|| Produc t Type|up|to| Antici| Gain or Less or|
 Horiz on  Balance  Date ve  Laws in  Disclosure( if any)||||rtion %|| Partner|| Sheet|| Incom pated|the  Investment  Current| Disclosure Index(if any)
 Guangdong Wind Power uit  November9,2021,| Wind Power|||||||||e|| Published in
 Generation  Co., Ltd.  Long- term  In normal operation  No  August 31, 2022,  December| Generatio n| Capital increase|832,000,000|100%| Self Funds| No| Electri c  Power||||327,934,905| China Securities Daily, Securities  Times , Shanghai Securities News ,  Securities Daily and http//.www.cninfo.com.cn.(Announceme
1,2022.||||||||||||nt No.:2021-78, 2022-37 and 2022-60)
 Guangdong Yudean Bohe Coal power Co., Ltd.  Long- term  In normal operation  No  September17,2022| Thermal power| Capital increase|321,600,000|67%| Self Funds| Guangdong Energy Group(Share Proportion:33%)| Electri c Power||||5,932,120| Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2022-47)
 Yudean Jinxiu Inteligence Energy Co., Ltd.  Long- term  In normal operation  No  Not applicable| Solar power generatio n| New establis hment|2,621,800|90%| Self Funds| Jinxiu Jinheng New Energy Technology Co., Ltd.(Share Proportion:| Electri c Power||||50,567| Not applicable
Meizhou Xingyue New Energy Co., Ltd.| Solar power generatio n| New establis hment||| Self Funds|10%)| Long- term| Electri c Power| In normal operation||| Not applicable|
|||9,977,500|100%|| No||||| No||
||||||||||0||| Not applicable
 Yunfu Luoding Yudean New Energy Co., Ltd.| Solar power generatio n| New establis hment|1,844,520|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-408| No| Not applicable| Not applicable
 Laixi Xinguangyao New Energy Technology Co., Ltd.| Solar power generatio n| Purchas e|32,923,000|99%| Self Funds| Qingdao Liante New Technology Co., Ltd.(Share Proportion:1%)| Long- term| Electri c Power| In normal operation|-15,320| No| Not applicable| Not applicable
 Guangdong Yudean Maoming Natural gas Thermal Power Co., Ltd.| Thermal power| Capital increase|115,345,000|85%| Self Funds| Maoming Maonan Chengjian Intelligence Development Co., Ltd.(Share Proportion:15%)| Long- term| Electri c Power| In normal operation|-21,075| No| Not applicable| Not applicable
 Yudean Shache Intelligence Energy Co., Ltd.| Solar power generatio n| New establis hment|1,206,110,470|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-46,915| No| December1,2022| Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2022-60)
 Taishan Dongrun Zhongneng New Energy Co., Ltd.| Solar power generatio n| Purchas e|45,063,020|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-97,554| No| Not applicable| Not applicable
 Guangdong| Solar| New|104,975,000|100%| Self| No| Long- Electri|| In normal|-119,560| No| Not| Not applicable
Yudean Huixin Thermal power Co., Ltd.|power generatio n|establis hment||| Funds||term|c Power|operation|||applicable|
 Nanjing Linyuan Senhai New Energy Co., Ltd.| Solar power generatio n| Purchas e|120,495,920|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-150,081| No| Not applicable| Not applicable
 Nanjing Senhong New Energy Co., Ltd.| Solar power generatio n| Purchas e|120,495,920|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-153,982| No| Not applicable| Not applicable
 Guangdong Shaoguan Yudean New Energy Co., Ltd.| Solar power generatio n| New establis hment|33,473,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-181,362| No| Not applicable| Not applicable
 Guangdong Yudean Huibo New Energy Co., Ltd.| Solar power generatio n| New establis hment|15,492,360|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-321,876| No| Not applicable| Not applicable
 Tumushuke Yudean Hanhai New Energy Co., Ltd.| Solar power generatio n| New establis hment|324,050,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-384,601| No| March26,2022| Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2022-11)
 Xiangtan Xiangdian Changshan Wind Power Generation Co., Ltd.| Wind Power Generatio n| Purcha se|89,524,003|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-870,557| No| Not applicable| Not applicable
 Jiuzhou New Energy(Zhaoqing)| Solar power generatio| Purcha se|29,819,878|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-1,331,073| No| Not applicable| Not applicable
Co., Ltd.|n|||||||||||| Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2022-16)
 Guangdong Yudean Dananhai Smart Energy Co., Ltd| Thermal power| Capital increas e|156,000,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-2,681,463| No| April22,2022|
 Guangdong Yudean Bijie New Energy Co., Ltd.| Solar power generatio n| Capital increas e|9,500,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|| No| Not applicable| Not applicable
 Guangdong Yudean Yongan Natural Gas Thermal power Co., Ltd.| Thermal power| Capital increas e|180,000,000|90%| Self Funds| Zhaoqing Hejiang Electric Power Development Co., ltd.(Share Proportion:10%)| Long- term| Electri c Power| In normal operation|-7,339,672|| October13,2020|《Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2022-52)
||||||||||-7,036,717| No||
 Guangdong Yudean Binhaiwan Energy Co., Ltd.| Thermal power| Capital increas e|100,000,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-12,097,004| No| April11,2020| Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2020-13)
 Guangdong Yudean Dananhai Intelligence Energy Co., Ltd.| Thermal power| Capital||| Self Funds| Huizhou Dayawan Petrochemical Investment Group Co., Ltd(Share Proportion:20%), Huizhou Port Investment Group Co., Ltd.(Share| Long- term| Electri|||| July17,2021| Published in China Securities Daily, Securities
||increas e|84,729,500|70%||||c  Power| In normal operation|-9,483,850| No|| Times , Shanghai Securities News ,  Securities Daily and
|||||||||||||http//.www.cninfo.com.cn.(Announceme nt No.: 2021-43)
Guangdong Yudean Qiming Energy Co., Ltd.|||||| Proportion:10%)||||||
 Not applicable| Thermal power| Capital increas e|18,000,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-14,732,505| No| Not applicable
 Guangdong Yudean Yunhe Power Generation Co., Ltd.  Published in China Securities Daily, Securities| Thermal power| Capital increas e|785,236,675|90%| Self Funds| Yunfu Yunda Investment Holdings Co., Ltd.(Share Proportion:10%)| Long- term| Electri c Power| In normal operation|-189,268,096|| October8,2021
 Times , Shanghai Securities News ,  Securities Daily and||||||||||| No|
http//.www.cninfo.com.cn.(Announceme nt No.: 2021-64)||||||||||||
 Guangdong Yudean Dapu Power Generation Co., Ltd.  Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.: 2022-47)| Thermal power| Capital increas e|867,100,000|100%| Self Funds| No| Long- term| Electri c Power| In normal operation|-348,122,830| No| September17,2022
 Guangdong Yudean Jinghai Power Generation Co., Ltd.  Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and| Thermal power| Capital increas e|520,000,000|65%| Self Funds| Guangdong Qichuang Investment Development Co., Ltd.(Share Proportion:25%), Guangzhou Development Power Group(Share Proportion:10%)| Long- term| Electri c Power| In normal operation|-228,346,057| No| September17,2022
http//.www.cninfo.com.cn.(Announceme nt No.: 2022-47)||||||||||||
 Guangdong Yuehua Power Generation Co., Ltd.  Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and| Thermal power| Purcha se|522,234,384|51%| Self Funds| China Huaneng Group(Share Proportion:49%)| Long- term| Electri c Power| In normal operation|-185,022,315| No| October8,2021
||||||||||||||http//.www.cninfo.com.cn.(Announceme nt No.:2021-64, 2022-01)
 Guangdong Shajiao (C)| Thermal power| Purcha se|1,275,565,852|51%| Self Funds| Guangdong Energy Group(Share Proportion:49%)| Long- term| Electri c Power| In normal operation||-466,057,894| No| October8,2021| Published in China Securities Daily, Securities Times , Shanghai Securities News , Securities Daily and http//.www.cninfo.com.cn.(Announceme nt No.:2021-64)
 Shanxi Yudean Energy Co., Ltd.| Power generatio n and coal mine developm ent| Capital increas e|130,000,000|40%| Self Funds| Guangdong Energy Group(Share Proportion:60%)| Long- term| Electri city and coal| In normal operation||526,175,689| No| Not applicable| Not applicable
 Xinjiang Yuejian New Energy Co., Ltd.| Facility manufact uring| New establis hment|2,000,000|10%| Self Funds| Guangdong Hydropower Equipment Group Co., Ltd(Share Proportion:90%)| Long- term| Metal| In normal operation||0| No| Not applicable| Not applicable
 Total|--|--|8,056,177,802|--|--|--|--|--|--|0|-613,789,486|--|--|--
3.Situation of the Significant Non-equity Investment Undergoing in the Report Period□Applicable √Not applicable
|||| Mode of| Book value||| Purchas|||||
category  Security| Security code| Abbreviati  Stock on:| Initial investment cost|accountin g measurem ent|balance at the the reporting beginning of period| Changes fair value of the period this in|value changes in  Cumulative fair equity|amount period in the this e|amount period in the  Sale this|reporting  Gain/los s of the period|balance at the  Book value end of the reporting period| Accounting items| Source of the shares
Domestic and foreign stocks  Other equity|| Shenzhen Energy|||||||||||
instrument  Investment|000027||15,890,628 FVM||122,472,000|-26,308,800|80,272,572|0|0|0|96,163,200| Self funds|
 Domestic and foreign stocks  Other equity||||||-104,400,630|||||||
instrument  Investment|600642| Shenergy|235,837,988 FVM||409,272,682||69,034,064|0|0|0|304,872,052| Self funds|
 Domestic and foreign stocks  Other equity|||||||||||||
instrument  Investment|831039| NEEQ|3,600,000 FVM||15,984,000|-7,452,000|4,932,000|0|0|0|8,532,000| Self funds|
 Domestic and foreign stocks  Other equity instrument Investment| HK6963| Sunshine insurance|356,000,000 FVM||1,653,500,000|42,203,802|1,339,703,802|0|0|0|1,695,703,802| Self funds|
 Total --|||611,328,616|--|2,201,228,682|-95,957,628|1,493,942,438|0|0|0|2,105,271,054||--
(2)Investment in Derivatives□Applicable √Not applicable
The company had no investment in derivatives in the reporting period.
The company had no application of the raised capital in the reporting period.
1.Situation of Significant Asset Sale□Applicable √Not applicable
Situation ofMain Subsidiaries and the Joint-stock company with over 10% net profit influencing to the company
Company Name| Company type| Sectors engaged in| Registered capital| Total assets| Net assets| Turnover| Operating profit| Net Profit
 Guangqian Electric Power Company| Subsidiary| Power generation and power station construction|1,030,292,500|2,323,945,514|2,120,392,943|1,855,652,467|645,563,626|483,783,920
 Wind Power Generation Company| Subsidiary| Power generation and power station construction|2,801,252,900|36,506,474,756|8,391,187,503|2,657,392,548|478,241,449|378,955,775
 Huizhou Natural Gas Company| Subsidiary| Power generation and power station construction|1,499,347,500|3,247,488,299|2,105,862,677|3,250,426,792|257,801,418|206,626,438
 Pinghai Power Generation Company| Subsidiary| Power generation and power station|1,370,000,000|4,500,781,512|1,829,701,460|5,210,093,742|-14,169,597|116,092,947
 Bohe Energy Company||construction  Power||||||
| Subsidiary|generation and power|6,200,891,390|9,344,286,527|4,623,477,504|4,246,193,380|15,973,641|8,853,910
||station construction||||||
 Zhanjiang Electric Power Company| Subsidiary| Power generation and power station construction|2,875,440,000|3,711,371,535|3,388,420,159|2,527,747,682|-352,327,595|-316,547,774
 Red Bay Power Generation Company| Subsidiary| Power generation and power station construction|2,749,750,000|6,265,611,224|2,393,430,116|5,565,503,172|-383,893,013|-327,351,941
 Dapu Power Genration Company| Subsidiary| Power generation and power station construction|1,907,100,000|4,788,048,351|865,887,191|2,490,196,938|-424,015,354|-348,122,830
 Jinghai Power Generation Co., Ltd.| Subsidiary| Power generation and power station construction|2,919,272,000|8,376,697,495|2,631,645,005|6,996,344,270|-439,776,070|-351,301,626
 Yuehua Power Genration Company| Subsidiary| Power generation and power station construction|1,004,714,000|3,510,282,504|573,181,347|1,339,461,805|-391,222,030|-363,681,512
 Maoming Thermal power Plant| Subsidiary| Power generation and power station construction|1,437,985,100|2,654,286,406|286,671,144|2,288,380,934|-474,361,478|-527,375,955
Zhongyue Energy Company| Subsidiary| Power generation and power station|1,454,300,000|3,337,678,505|-215,919,541|1,826,121,216|-619,516,888|-708,545,498
 Shaoguan Power Generation Company||construction  Power||||||
| Subsidiary|generation and power station construction|1,070,000,000|5,177,449,723 -1,091,061,040||2,820,816,898|-844,059,353|-922,264,795
 Shajiao C Company| Subsidiary| Power generation and power station construction|2,500,000,000|5,846,009,096|2,039,262,655|5,330,603,384|-830,059,486|-913,839,007
 Shanxi Yudean Energy Co., Ltd.| Shareing Company| Investment in electric power, mining, new energy and other projects|1,620,749,000|10,010,740,679|7,706,474,053|193,310,933 1,320,834,464||1,319,342,256
Acquirement and disposal of subsidiaries in the Reporting period√Applicable □Not applicable
Company name Way of acquiring and Impact on the whole producing operation and performance
|disposing of subsidiary corporations within the reporting period| During the reporting period, the photovoltaic project in the plant is in the preliminary stage and construction has not started; the distributed PV project inWushi Town is under construction.
 Guangdong Shaoguan Yudean New Energy Co., Ltd.| Invested|
 Tumushuke Yudean Hanhai New Energy Co., Ltd.| Invested| During the reporting period, the project was in the process of infrastructure construction.
 Yudean Jinxiu Intelligence Energy Co., Ltd.| Invested| During the reporting period, the project was in the process of infrastructure construction.
 Nanjing Senhong New Energy Co., Ltd.| Purchase| During the reporting period, the project was in the process of infrastructure construction.
 Nanjing Linyuan Senhai New Energy Co., Ltd.| Purchase| During the reporting period, the project was in the process of infrastructure construction.
 Guangdong Yudean Huibo New Energy Co., Ltd.| Invested| During the reporting period, the project was in the process of infrastructure construction.
Taishan Dongrun Zhongneng New Energy Co., Ltd.| Purchase| During the reporting period, the project was in the process of infrastructure construction.
 Guangdong YudeanMaoming Natural Gas Thermal power Co., Ltd.| Invested| During the reporting period, this project was in the preliminary stage, and the construction was not commenced.
 Meizhou Xingyue New Energy Co., Ltd.| Invested| During the reporting period, the project was in the process of infrastructure construction.
 Guangdong Yudean Huixin Thermal power Co., Ltd.| Invested| During the reporting period, this project was in the preliminary stage, and the construction was not commenced.
 Yudean Shache Intelligence Energy Co., Ltd.| Invested| During the reporting period, the project was in the process of infrastructure construction.
 Laixi Xinguangyao New Energy Technology Co., Ltd.| Purchase| During the reporting period, the project was in the process of infrastructure construction.
 Jiuzhou New Energy(Zhaoqing)Co., Ltd.| Purchase| During the reporting period, the project achieved an operating income of 7.27 million yuan and a net profit of -1.33 million yuan, which had no significant impact on the company's overall production and operation and performance.
Xiangtan Xiangdian ChangshanWind Power Generation Co., Ltd.| Purchase| During the reporting period, the project achieved an operating income of 2.7 million yuan and a net profit of -870,000 yuan, which had no significant impact on the company's overall production and operation and performance.
 Yunfu Luoding Yudean New Energy| Invested| During the reporting period, this project was in the
Co., Ltd.preliminary stage, and the construction was not commenced.
1. During the reporting period, due to the high price of coal and gas, the company's power generation cost remained high, and some thermal power plants continued deficit.
2. In 2022, due to the commissioning of Yangjiang, Xinliao, Wailuo and other projects, the wind power revenue increased year on year.
3. Mainly because the coal price remained high this year, and the investment income in Shanxi energy increased year on year.
X.Structured vehicle controlled by the Company
XI. Prospect for future development of the Company
(I)The Development Trend of the Industry
In January 2023, the Blue Book of New Power System Development (Draft for Comment) issued by the National Energy Administration pointed out that China would promote new energy as the main resource for incremental power generation. By 2030, the installed capacity will account for more than 40%, and the power generation will account for more than 20%. However, China's coal-based energy resource endowment determines that coal will still occupy a high proportion in the energy supply structure for a long time. As one of the clean and efficient utilization ways of coal, coal-fired power is still the basic guarantee power supply in the power system. Therefore, before 2030, the installed capacity and power generation of coal-fired power will still increase moderately, and the layout will be optimized around the large-scale new energy base, main load center and important nodes of the power grid. Coal-fired generating units gradually transform into the clean and low-carbon type through flexibility transformation and energy-saving and emission-reduction transformation, which further enhances the regulation ability, better support the "carbon peaking and carbon neutrality" strategy and the stable operation of the power system. Meanwhile, the clean and efficient gas generator set is conducive to enhancing the peak-shaving capacity and safety reliability of the new power system with new energy as the main body, and to building a clean, low-carbon, safe and efficient energy system, with certain development space. To sum up, in the future, the thermal power industry will mainly rely on developing coal power with large capacity, high parameters, advanced energy-saving, and accelerating the development of gas power to optimize the power supply structure, promote the quality improvement and efficiency increase by enhancing the technical R&D strength, strive for high electricity quantity and price by active marketing, and reduce the cost by refined management. In addition, the company will adhere to the new development concept, continue to promote the optimization and adjustment of power supply structure, actively, steadily and orderly promote the completion and commissioning of new energy power generation projects, and contribute to building a clean, low-carbon, safe and efficient energy system.
(II) Corporate development strategy