Powering life with Future Energy and Beyond
NBI: Power - GPSC
QoQ: NI dropped significantly due to lower SPP's gross profit resulted from higher feed costs despite gain from ISP1 divestment
2021 vs 2020: Soften NI due to higher fuel costs and unplanned outages, despite better XPCL's performance
ptt
Sales Volume
Unit: Power: GWh / Steam: '000 Ton
Power
2%
Steam
9%
Power
Steam
1%
1% QoQ
19,667
20,148
Power
6%
ΥΟΥ
13,871
15,090 Steam
4,941
5,295
5,220
3,705
3,741
3,710
1Q21
4Q21
1Q22
Net Income
Unit: MMTHB
2020
2021
73% QoQ
84% YoY
3%
7,508
7,319
૨૦૨
Gross profit & Gross profit margin
32%
|
31%
18%
I
10%
26% Gross profit margin
28% QoQ
47% YoY
21,330
610
Unit: MMTHB
19,667 Gross profit
VSPP & others
8%
355
SPP
15,362
14,423
5,339
51
3,921
61
4,269
2,815 |
36
2,437
5,358
1,116
4,889 IPP
1,423
1Q21
4Q21
1Q22
2020
2021
- Lower gross profit
-
-
SPP Higher NG & coal costs and lower electricity sales volume
IPP Lower AP mainly from GHECO-One's unplanned outage in 1Q22
+ Gain from selling all shares in Ichinoseki Solar Power 1 GK (ISP1) in 1Q22
2021 vs 2020
Lower gross profit
1,973
1,168
313
SPP: higher fuel costs and unplanned outage of Glow Energy Phase 5
-
IPP: lower AP due to planned & unplanned outage of GHECO-One in 1Q21 - 3Q21
1Q21
4Q21
1Q22
2020
2021
+ Higher shares of profit from XPCL due to drought situation in 2020
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