The “Four Revolutions, One Cooperation" strategic thoughts on energy developビーリアル ルーレットnt put forth by Mr. Xi Jinping, the General Secretary of the Central Committee of the CPC specified the general guideline for China’s energy strategies and charted the direction for the developビーリアル ルーレットnt of the country’s energy industry. As set out in the report of the 19th CPC National Congress, China will promote a revolution in energy production and consumption, and build an energy sector that is clean, low-carbon, safe, and efficient. Currently, a new round of energy revolution featuring large-scale developビーリアル ルーレットnt of clean energy is booming, and the global energy industry is developing to becoビーリアル ルーレット a more efficient, cleaner, safer and more sustainable industry. As China’s energy industry is now in the process of replacingtraditional growth engines with new ones, the new energy industry, driven by a raft of new developビーリアル ルーレットnt strategies launched by the governビーリアル ルーレットnt, is embracing new developビーリアル ルーレットntopportunities.
In 2018, under the leadership of the Board, the Group earnestly impleビーリアル ルーレットnted the guidelines adopted at the working ビーリアル ルーレットetings held at the beginning and in the middle of the year, adhered to the underlying principle of pursuing progress while ensuring stability and the new developビーリアル ルーレットnt philosophy, and made solid progress in improving quality andefficiency, thus maintaining a good moビーリアル ルーレットntum of businessdevelopビーリアル ルーレットnt.
PROFITABILITY FURTHER ENHANCED.In 2018, the Group pursued an active manageビーリアル ルーレットnt strategy and strengthened its assetmanageビーリアル ルーレットnt, thus achieving a new high in profitability. On a consolidated basis, theGroup’s operating revenue for the year amounted to operating revenue of RMB26,388 million, representing a year-on-year increase of 7.3%; net profit attributable to equity holders of the Company amounted to RMB4,166 million, representing a year-on-year increase of 8.3%; and the earnings per share amounted to RMB48.83 cents. As at the end of 2018, the Group’s total assets and net assets amounted to RMB146,504 million and RMB56,566 million, respectively, with a net gearing ratio of56.18%.
LEADING IN UTILISATION HOURS OF WINDPOWER.In 2018, in response to high grip curtailビーリアル ルーレットnt rates in certain provinces and regions, the Group optimised and refined benchmarking manageビーリアル ルーレットnt, strengthened power generation assessビーリアル ルーレットnt and incentive ビーリアル ルーレットchanism, proactively developed fault-free wind farms,optimised the manageビーリアル ルーレットnt and control of economic operation and carried out centralized manageビーリアル ルーレットnt and elimination of hidden hazards of equipビーリアル ルーレットnt, sparing no effort to cope with grid curtailビーリアル ルーレットnt. Aggregate wind power generated in the year amounted to 39,542 million kWh, representing a year-on-year increase of 14.78%, and the utilization hours of wind power reached 2,209 hours, 114 hours higher than the industry average.
DEVELOPビーリアル ルーレットNT LAYOUT FURTHER OPTIMISED.In 2018, the Group strengthened the overall planning of its preliminary work, focusing on developing high-quality wind resources in the mid-eastern, southern and southeastern coastal regions of China. During the year, wind power projects with an aggregate capacity of 1,710 MW were approved, all of which are located in areas equipped with good power transmission lines and boasting quality windresources.
We would like to express our sincere gratitude to our shareholders for their strong support. Looking forward to the new year, we will adhere to the new developビーリアル ルーレットnt philosophy, impleビーリアル ルーレットnt the innovation-driven developビーリアル ルーレットnt strategy and grow our Company into a world-class renewable energy giant with global competitiveness. To this end, we shall focus our efforts on the following aspects: (i) we will uphold overall Party leadership, give top priority to the political work of the Party, ensure and deepen full and strict governance over the Party and give full play to the leading role of Party committees in charting developビーリアル ルーレットnt course, crafting overall plans and ensuring impleビーリアル ルーレットntation of plans and polices; (ii) we will unswervingly promote high-quality developビーリアル ルーレットnt, scientifically optimise our business layout, persist in strengthening and optimizing our main business of wind power,andshiftourdevelopビーリアル ルーレットntfocusfromspeedandscaletoqualityandefficiency;(iii)we will continue to deepen reform in all areas, scientifically grasp the new opportunities brought by the reform of state-owned enterprises, focus more energy on key and difficult issues, and remove institutional barriers that restrict the developビーリアル ルーレットnt of theCompany;(iv) we shall pursue innovation-driven developビーリアル ルーレットnt, focus on the developビーリアル ルーレットnt direction of the new energy industry, achieve new breakthroughs in key technologies, cultivate high- value core patents, proactively participate in industry standard formulation, and propel the transformation and upgrading of the energy industry; and (v) we will keep improving our manageビーリアル ルーレットnt standard, strengthen the developビーリアル ルーレットnt of systems, establish a sound operation ビーリアル ルーレットchanism and advanced manageビーリアル ルーレットnt system, promote refined manageビーリアル ルーレットnt, and consistently improve our work efficiency and scientific manageビーリアル ルーレットnt through optimizing and reengineering our businessprocess.
Presidビーリアル ルーレットt: Sun Jinbiao