CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) Bundle
A Brief History of CHN Energy Changyuan Electric Power Co., Ltd.
CHN Energy Changyuan Electric Power Co., Ltd., a subsidiary of the State-owned CHN Energy, was established in 2002. The company operates in the energy sector, focusing on the generation and supply of electricity through coal-fired power plants and various renewable energy sources.
In 2019, the company reported a total installed capacity of 7,500 MW, with significant contributions from both thermal and renewable energy projects. The thermal power generation capacity accounted for approximately 6,435 MW, while renewable energy projects added around 1,065 MW.
Financially, in 2020, CHN Energy Changyuan Electric Power Co., Ltd. achieved an operating revenue of approximately RMB 23.8 billion, representing a year-on-year increase of 6.5%. The company's net profit attributable to shareholders stood at about RMB 3.7 billion.
| Year | Installed Capacity (MW) | Operating Revenue (RMB, billion) | Net Profit (RMB, billion) |
|---|---|---|---|
| 2018 | 7,200 | 22.3 | 3.5 |
| 2019 | 7,500 | 22.4 | 3.6 |
| 2020 | 7,500 | 23.8 | 3.7 |
| 2021 | 7,600 | 24.5 | 4.0 |
As of 2021, the company has made extensive investments in developing clean energy technologies. The shift towards renewable energy has seen investments of around RMB 5 billion to enhance sustainability and reduce carbon emissions.
In 2022, the company's strategic initiatives included the expansion of its renewable energy portfolio, with a focus on wind and solar projects. The installed capacity from renewable sources is expected to increase significantly, reflecting China's commitment to achieving carbon neutrality by 2060.
CHN Energy Changyuan Electric Power Co., Ltd. is also actively involved in restructuring its energy mix, targeting a 20% share of renewable energy in its total power generation capacity by 2025. This strategic direction aligns with national policies aimed at promoting green energy and sustainability.
Moreover, the company's commitment to corporate social responsibility is evident in its initiatives aimed at reducing local pollution and contributing to community development, thus enhancing its long-term sustainability and shareholder value.
A Who Owns CHN Energy Changyuan Electric Power Co., Ltd.
CHN Energy Changyuan Electric Power Co., Ltd. is a subsidiary of China National Energy Group Corporation (CNE). CNE is primarily owned by the Chinese government, specifically under the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The ownership structure reflects its significance in the national energy landscape.
As of the latest available data, CHN Energy Changyuan Electric Power has a total installed capacity of approximately 8,300 MW as of 2022. The company is involved in coal-fired and renewable energy management, playing a crucial role in energy supply across different regions in China.
The financial performance of CHN Energy Changyuan Electric Power Co., Ltd. shows substantial revenue generation. For the fiscal year ending December 31, 2022, the revenue recorded was approximately CNY 25.1 billion, while net income was around CNY 4.2 billion.
| Financial Metric | Value |
|---|---|
| Total Installed Capacity | 8,300 MW |
| Revenue (2022) | CNY 25.1 billion |
| Net Income (2022) | CNY 4.2 billion |
| Ownership Structure | 100% State-owned |
The operational aspects of the company are significant, as it has integrated various energy sources, which include coal, hydro, and wind, contributing to a more sustainable energy model. Specifically, in renewable energy, CHN Energy Changyuan Electric Power has been focusing on expanding its wind power generation, targeting an increase of 20% in capacity by 2025.
CHN Energy Changyuan Electric Power's strategic initiatives have also been aligned with the Chinese government's objectives for carbon neutrality by 2060. Investments in renewable technology and infrastructure could exceed CNY 10 billion over the next five years as part of its commitment to sustainability.
In terms of market position, CHN Energy Changyuan Electric Power Co., Ltd. ranks among the top electric power producers in China, contributing to national energy security and economic growth. The company is a key player in China's transition towards a more diversified energy portfolio, reflecting the ongoing changes in energy policy at the national level.
CHN Energy Changyuan Electric Power Co., Ltd. Mission Statement
CHN Energy Changyuan Electric Power Co., Ltd., a significant player in the power generation sector, aims to provide reliable and sustainable energy solutions. The mission statement emphasizes their commitment to environmental sustainability, safety, and innovation in electricity production.
The company's mission can be broken down into several key components:
- Commitment to Clean Energy: The company invests heavily in renewable energy sources, targeting a 50% share of renewable energy in its total generation capacity by 2025.
- Innovation and Technology: CHN Energy Changyuan Electric Power Co., Ltd. prioritizes technological advancements to improve efficiency. The company allocated over ¥200 million in R&D for 2022 to support innovative projects.
- Employee Safety and Welfare: With a focus on safety, the company aims to maintain a zero-accident target across all operations. Their safety investments reached approximately ¥150 million in the last fiscal year.
- Community Engagement: The company is actively involved in local community projects, investing around ¥100 million annually in community development initiatives.
Financially, CHN Energy Changyuan Electric Power Co., Ltd. has shown resilience and growth. The company reported revenue of ¥10.5 billion for 2022, with a net profit margin of 15%. Their total assets stood at approximately ¥45 billion, reflecting a strong balance sheet and capacity for future investments.
| Year | Revenue (¥ Billion) | Net Profit Margin (%) | Total Assets (¥ Billion) | Renewable Energy Capacity (MW) |
|---|---|---|---|---|
| 2022 | 10.5 | 15% | 45 | 1,200 |
| 2021 | 9.8 | 13% | 43 | 1,100 |
| 2020 | 8.5 | 12% | 40 | 950 |
In conclusion, CHN Energy Changyuan Electric Power Co., Ltd.'s mission statement aligns with its strategic objectives. The company seeks not only to lead in energy production but also to foster sustainable practices and community development, while ensuring the safety and well-being of all stakeholders.
How CHN Energy Changyuan Electric Power Co., Ltd. Works
CHN Energy Changyuan Electric Power Co., Ltd., a subsidiary of China Energy Investment Corporation, operates primarily in the electric power sector. As of 2022, the company reported a total installed capacity of approximately 12,000 MW, mainly from thermal and renewable energy sources.
In 2021, the company generated an electricity output of about 60 billion kWh, which reflects its significant role in the energy supply of the region. The company has been focusing on diversification in its energy portfolio, investing in both coal-fired and renewable energy projects.
The revenue for CHN Energy Changyuan Electric Power Co., Ltd. reached approximately ¥30 billion (around $4.5 billion based on conversion rates at the time) in the fiscal year 2021. The net profit reported was about ¥2.4 billion (approximately $360 million), showcasing a profit margin of around 8%.
Operating expenses have been a crucial aspect of the company's financials. In 2021, the cost of goods sold was reported at roughly ¥24 billion (around $3.6 billion), accounting for a significant portion of total expenses. This included costs associated with fuel procurement, maintenance, and operational labor.
| Financial Metric | 2021 Value | 2022 Projected Value |
|---|---|---|
| Installed Capacity (MW) | 12,000 | 12,500 |
| Electricity Output (billion kWh) | 60 | 65 |
| Revenue (¥ billion) | 30 | 32 |
| Net Profit (¥ billion) | 2.4 | 2.6 |
| Profit Margin (%) | 8 | 8.1 |
| Cost of Goods Sold (¥ billion) | 24 | 25 |
Investment in renewable energy has been a priority for CHN Energy Changyuan Electric Power Co., Ltd. The company has committed approximately ¥5 billion (around $750 million) towards solar energy projects over the next five years, aiming to increase its renewable capacity by 30% by 2025.
Additionally, the company has seen a consistent increase in its share price, which was reported at around ¥15 per share as of late 2022. This trend correlates positively with the company's efforts to align with China’s national strategy of reducing carbon emissions and increasing the share of non-fossil fuels in the energy mix.
CHN Energy Changyuan Electric Power Co., Ltd. employs over 6,000 staff members, indicating its role as a significant employer in the energy sector. Employee productivity metrics show a generation per employee of approximately 10 million kWh annually.
The company's strategic focus includes enhancing grid connectivity and operational efficiency. In 2022, it announced plans for a ¥1 billion investment aimed at upgrading existing facilities to improve efficiency by 15% over the next two years.
These operational metrics and financial data illustrate the robust framework within which CHN Energy Changyuan Electric Power Co., Ltd. operates, highlighting its commitment to both traditional and renewable energy sources in a rapidly evolving market landscape.
How CHN Energy Changyuan Electric Power Co., Ltd. Makes Money
CHN Energy Changyuan Electric Power Co., Ltd. primarily generates revenue through the production and sale of electricity, focusing on thermal power generation. The company operates several thermal power plants across China, with a total installed capacity of approximately 6,542 megawatts as of the end of 2022.
In 2022, CHN Energy Changyuan Electric Power reported a total revenue of approximately RMB 25.4 billion (around $3.67 billion). The breakdown of revenue sources is crucial for understanding its financial performance:
| Revenue Source | Amount (RMB billion) | Percentage of Total Revenue |
|---|---|---|
| Electricity Sales | 23.0 | 90.6% |
| Heat Supply | 2.2 | 8.7% |
| Other Revenues | 0.2 | 0.7% |
The company benefits from a regulatory framework that supports its operations, including a government-guaranteed pricing system for electricity sales. The average on-grid electricity price was approximately RMB 0.45 per kWh in 2022.
Operating expenses play a significant role in determining profitability. For the fiscal year 2022, CHN Energy Changyuan Electric Power's operating expenses were around RMB 22.5 billion, leading to an operating profit of approximately RMB 2.9 billion, which translates into an operating profit margin of about 11.4%.
The company also invests in environmental upgrades to comply with stricter pollution control regulations. In 2022, it spent approximately RMB 1.5 billion on these enhancements, which is expected to improve operational efficiency and lower long-term costs.
In terms of financial structure, as of the end of 2022, the company reported total assets of approximately RMB 51.3 billion and total liabilities of around RMB 36.0 billion, giving it a debt-to-equity ratio of approximately 1.03.
Furthermore, in 2022, CHN Energy Changyuan Electric Power generated an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of approximately RMB 5.2 billion, reflecting a robust EBITDA margin of about 20.4%.
The demand for electricity is closely tied to China's economic growth. The company benefits from a sustainable demand outlook, with China's electricity consumption expected to grow by approximately 4.5% annually over the next five years.
In summary, CHN Energy Changyuan Electric Power Co., Ltd. effectively monetizes its operations through electricity sales, cost control, and strategic investments, positioning itself favorably in a growing market.
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