Mission Statement, Vision, & Core Values (2024) of GD Power Development Co.,Ltd

A Brief History of GD Power Development Co.,Ltd

GD Power Development Co., Ltd., established in 2000, is one of the largest power generation companies in China. The company is a subsidiary of the State Grid Corporation of China and focuses on electricity generation, production, and distribution.

As of 2022, GD Power had a total installed capacity of approximately 82,000 MW, making it one of the leading players in the market. The company operates a diverse portfolio including coal-fired, hydropower, wind, and solar energy. By the end of 2023, it was reported that GD Power aimed to increase its renewable energy capacity to 30% of its total generation capacity.

In 2019, GD Power reported an operating revenue of approximately RMB 107.5 billion (about $15.3 billion), with a net profit of RMB 8.9 billion (around $1.27 billion). In 2020, despite the challenges posed by the COVID-19 pandemic, the company managed to increase its revenue to RMB 111.6 billion ($16.1 billion).

To understand the financial trajectory of GD Power, below is a table summarizing key financial data from recent years:

GD Power has been proactive in expanding its renewable energy portfolio. By 2023, it operated several large-scale renewable projects, with hydropower plants contributing over 10,000 MW to its capacity. Additionally, the company has invested significantly in wind energy, with operational wind farms boasting a capacity of 5,000 MW.

In recent years, GD Power has made strides in environmentally friendly practices. The company has committed to reducing its carbon emissions intensity by 20% by 2025 compared to 2019 levels. As of 2023, the carbon emissions per unit of electricity generated were reported at 0.868 kg CO2/kWh.

GD Power is also listed on the Shanghai Stock Exchange, with stock performance reflecting its revenue growth. As of October 2023, GD Power’s stock price was approximately RMB 3.25 per share, with a market capitalization of around RMB 180 billion (approximately $26 billion). The company’s dividend yield was reported at 3.5%.

Overall, GD Power Development Co., Ltd. has established itself as a key player in China's energy sector, with a strategic focus on diversifying its energy sources and increasing its renewable energy capacity. The company's growth trajectory indicates a positive outlook for its continued expansion and adaptation to the evolving energy market.

A Who Owns GD Power Development Co.,Ltd

GD Power Development Co., Ltd. is one of the leading power producers in China, primarily engaged in the generation and supply of electricity. As of the most recent data, the majority shareholder of GD Power is the China Guodian Corporation, which holds a 51.82% stake in the company.

GD Power is listed on the Shanghai Stock Exchange under the code 600795. As of October 2023, the company's market capitalization is approximately CNY 80.5 billion.

The ownership structure is as follows:

In terms of financial performance, GD Power reported a total revenue of CNY 63.15 billion for the fiscal year ending December 2022, with a net profit of CNY 8.21 billion. The company has a total installed capacity of approximately 37,000 MW, predominantly sourced from thermal power generation.

GD Power has been focusing on diversifying its energy sources, investing heavily in renewable energy projects, including wind and hydroelectric power. As of 2023, it had installed a total of 4,800 MW in renewable energy capacity, contributing to its goal of achieving 30% of its total generation from renewable sources by 2030.

The company’s shareholder composition reflects the strategic intent of the Chinese government to maintain control over critical infrastructure, while still allowing for public investment. GD Power's public trading has also facilitated increased institutional interest, which plays a crucial role in its capital structure.

GD Power Development Co.,Ltd Mission Statement

GD Power Development Co., Ltd. (stock code: 600795) is a leading Chinese power generation company, primarily engaged in the production and supply of electric power. The mission statement of GD Power emphasizes sustainable energy development, operational efficiency, and commitment to social responsibility.

The company's mission stresses the need to be a world-class enterprise in the energy sector, focusing on innovation and green technologies. GD Power aims to enhance its operational capacity while minimizing environmental impact, aligning with China's broader goals for energy transition and carbon neutrality by 2060.

Core Components of the Mission Statement

• Sustainable Development: GD Power commits to developing clean and renewable energy sources, including hydropower, wind, and solar energy.
• Operational Excellence: The company aims to improve its operational capabilities by leveraging advanced technology and best practices in management.
• Social Responsibility: GD Power focuses on contributing to the local communities and ensuring stable employment opportunities.

Financial Performance Overview

As of the latest financial reports for the year ending December 31, 2022, GD Power reported significant financial metrics that reflect its operational goals and industry position.

Strategic Focus Areas

GD Power's business strategy aligns closely with its mission statement and focuses on the following aspects:

• Expansion of Renewable Energy: The company targets an increase in the share of renewables in its energy mix, aiming for a 30% contribution from non-fossil fuels by 2025.
• Technological Innovation: Investment in smart grid technology and energy storage solutions to improve efficiency and reliability.
• Global Market Exploration: Exploring partnerships and investments in international markets to diversify revenue streams.

Recent Initiatives

In pursuit of its mission, GD Power has undertaken several key initiatives:

• Green Energy Projects: The completion of the 1,200 MW solar power plant in Qinghai province in 2023.
• Research and Development: Allocated approximately 1.5 billion RMB towards R&D for advanced energy technologies in 2022.
• Community Engagement: Launched the 'Power for Good' program, directly impacting over 100,000 local residents in energy access and education.

With a robust financial foundation and a clear commitment to sustainable practices, GD Power Development Co., Ltd. continues to position itself as a leader in the evolving energy landscape, striving to achieve its mission amidst growing environmental concerns and regulatory requirements.

How GD Power Development Co.,Ltd Works

GD Power Development Co., Ltd, established in 1994, is one of China's leading power generation companies, primarily engaged in the production, distribution, and sale of electric power. As of the end of 2022, the company reported a total installed capacity of approximately 82,000 MW, including diverse energy sources such as thermal, hydropower, and renewable energy.

In 2022, GD Power generated approximately 347 billion kWh of electricity. The company continues to expand its renewable energy portfolio, aiming to enhance energy efficiency and reduce carbon emissions. By the end of 2022, renewable energy sources accounted for 24.57% of the total installed capacity.

GD Power's operational structure includes:

• Power Generation: Main focus on coal-fired power generation with a push towards renewable energy.
• Power Transmission: Management of high-voltage transmission lines across various regions.
• Power Distribution: Distribution of electricity to end consumers through various channels.

The company's revenue streams are diversified across several sectors, including:

In terms of financial performance, GD Power reported total revenue of approximately CNY 182.1 billion in 2022, a growth rate of 8.3% year-over-year. The net profit attributable to shareholders for the same year was around CNY 15.2 billion, indicating a profit margin of 8.34%.

As of mid-2023, GD Power's stock performance showed resilience, trading at approximately CNY 6.48 per share, with a market capitalization close to CNY 109 billion. The company holds a P/E ratio of about 10.8, reflecting a stable valuation compared to industry peers.

Investment in clean energy has seen GD Power commit over CNY 30 billion towards renewable projects by 2025, aiming for an increment of 30,000 MW in wind and solar capacities. This strategic shift aligns with China's national goal of achieving carbon neutrality by 2060.

In 2022, GD Power's overall operating efficiency was reflected in the average availability factor of its plants, which stood at 92%. The company also reported a reduction in the carbon intensity of its energy output, achieving approximately 350 gCO2/kWh, a decrease of 2.5% compared to the previous year.

With a focus on technological advancements, GD Power has begun deploying smart grid technologies to enhance operational efficiency and consumer engagement, positioning itself favorably within the increasingly competitive energy market.

How GD Power Development Co.,Ltd Makes Money

GD Power Development Co., Ltd, one of the leading utility companies in China, generates revenue primarily through electricity generation, sales, and ancillary services. The company operates a diverse mix of power plants including thermal, hydro, and renewable energy facilities, contributing to its financial robustness.

As of the end of 2022, GD Power Development reported a total installed capacity of approximately 65,000 MW, with a focus on coal-fired plants which accounted for about 58% of its power generation capacity. The revenue generated from electricity sales is bolstered by rising demand for power in industrial and residential sectors.

In 2022, GD Power Development's revenue reached approximately RMB 108.7 billion, a year-on-year increase of 5.5%. The company’s net profit attributable to shareholders was approximately RMB 10.9 billion, reflecting a profit margin of around 10.0%.

Electricity pricing is influenced by regulations and market dynamics. In 2022, the average on-grid electricity price for GD Power was around RMB 0.45 per kWh. Additionally, the company has been investing in renewable energy initiatives, anticipating a shift toward cleaner energy sources.

In terms of geographical revenue contribution, GD Power Development sees significant income from the eastern and southern regions of China, where industrial operations are concentrated. The eastern region alone contributed approximately 60% of the total revenue in 2022.

• Revenue breakdown by source for 2022:
  • Thermal Power: RMB 80 billion
  • Hydropower: RMB 20 billion
  • Renewable Energy: RMB 8.7 billion
• The company’s power generation mix as of 2022 includes:
  • Coal: 58%
  • Hydropower: 20%
  • Wind: 12%
  • Solar: 10%

Furthermore, GD Power is exploring opportunities in international markets, contributing to its long-term growth strategy. In 2022, overseas investments accounted for approximately 10% of total revenue.

Through strategic planning and operational efficiency, GD Power aims to enhance its profitability while navigating the transition toward sustainable energy production. The company's focus on digitalization and smart grids also presents future avenues for revenue growth, aligning with global trends in energy management.