Financial Reporting and Governance - The interim report confirms the truthfulness, accuracy, and completeness of the financial data, with no material omissions or misleading statements[3]. - The report is unaudited, and the management team guarantees the accuracy of the financial reports presented[4]. - The company continues to comply with corporate governance codes as per the Hong Kong Listing Rules[11]. - The management team remains committed to transparency and accountability in financial reporting[3]. - The company is committed to rigorous corporate governance and compliance with relevant laws and regulations in both China and Hong Kong[111]. - The company has established a corporate governance structure with clear division of powers and duties, ensuring effective supervision[112]. - The company values investor relations management and maintains communication through various channels, prioritizing investors' interests[123]. - The company performed its information disclosure obligations accurately and completely, ensuring timeliness and consistency in both markets[122]. - The internal control system has been effectively supervised and continuously improved to enhance corporate governance[127]. - The company has engaged in procedural management to further refine its corporate governance structure[127]. - The company has adopted a Securities Dealing Code for employees with access to non-public information, with no known breaches reported[132]. - The company emphasizes investor relations management through various channels, ensuring stakeholder interests are prioritized[125]. Financial Performance - Revenue for the reporting period (Jan–Jun) reached RMB 3,661,016,000, an increase of 2.94% compared to RMB 3,556,583,000 in the corresponding period last year[23]. - Net profit attributable to owners of the Company was RMB 122,156,000, a decrease of 74.42% from RMB 477,521,000 in the same period last year[23]. - Basic earnings per share decreased to RMB 0.04 from RMB 0.16, representing a decline of 74.42%[25]. - Weighted average return on net assets was 2.35%, down by 3.48 percentage points from 5.83% in the previous year[25]. - Total assets at the end of the reporting period were RMB 22,573,276,000, reflecting a 0.23% increase from RMB 22,521,687,000 at the end of last year[23]. - The company reported a profit for the period of RMB 228,481,000[193]. - Profit before income tax expense decreased to RMB 326,617, down 49% from RMB 642,039 in the same period last year[176]. - Total comprehensive income for the period was RMB 228,858,000, down from RMB 519,612,000 in 2023, reflecting a decline of 56.0%[166]. Operational Highlights - The company operates 9 sewage treatment plants with a total treatment capacity of 0.44 million tons per day[28]. - The Company has two holding gas subsidiaries and two equity-participating gas companies, enhancing its influence in Shanghai and the Yangtze River Delta region[27]. - The principal business remains unchanged, focusing on public utility and financial investment, including city gas, environmental municipality, and urban transportation[26]. - The urban transportation business, operated by Dazhong Transportation, provides integrated transportation support services including taxi and car rental[33]. - The company is focused on expanding its operations and exploring new technologies in the utilities sector[16]. - The company is actively pursuing energy and capacity expansion projects, with feasibility study reports passing expert reviews[57]. - The company is actively pursuing digital transformation to improve management practices and operational efficiency[39]. Risk Management - There were no material risks identified during the reporting period, and potential risks are detailed in the report[7]. - The company faces risks from fluctuations in natural gas prices, which could significantly impact operational performance due to limited pricing flexibility[81]. - Changes in environmental protection policies may increase construction and operating costs, putting pressure on the company's production and operations[82]. - The company plans to invest in pollutant treatment systems and upgrade sewage treatment equipment to enhance environmental governance capabilities[83]. Shareholding Structure - The company has a significant shareholding structure, with 90% owned by the Employee Share Ownership Committee and 10% by independent third parties[15]. - The top shareholder, Hong Kong Securities Clearing Company Nominees Limited, held 533,533,000 shares, representing 18.07% of total shares[143]. - The largest single shareholder is Shanghai Dazhong Business Management Co., Ltd, holding 495,143,859 A Shares, which represents approximately 16.77% of the company's total interest[150]. - The ownership structure indicates significant control by a few entities, highlighting potential concentration of power within the company[156]. Employee and Management Information - As of June 30, 2024, the Group had 2,855 employees, with employee costs amounting to RMB 415.12 million during the reporting period[91]. - The remuneration of directors and senior management is linked to the company's performance and audited financial statements[88]. - Ms. Zhang Rongzheng was appointed as Vice President of the Company effective from March 28, 2024[158]. - Mr. Yang Guoping ceased to serve as General Manager of Dazhong Transportation and became Chief Executive Officer on June 28, 2024[159]. - No share incentives were granted to Directors, Supervisors, and senior management during the reporting period[158]. Investment and Financing Activities - The total net proceeds from the public offering of H Shares amounted to approximately HK$1,619.5 million after deducting fees[97]. - The Group aims to better allocate financial resources to seize future market opportunities through the adjusted use of proceeds[98]. - The Group's Debt to Equity ratio as of June 30, 2024, was 83.24%, an increase of 0.16 percentage points from 83.08% as of December 31, 2023[105]. - The company has maintained a AAA credit rating and a multi-channel financing model, optimizing its investment and financing structure[46]. Compliance and Legal Matters - The company did not engage in the purchase, sale, or redemption of its listed securities during the reporting period[88]. - There were no significant litigations or arbitrations during the reporting period[110]. - The company has complied with all provisions of the Corporate Governance Code throughout the reporting period[134]. - The company has established a corporate governance structure with clear division of powers and duties, adhering to the Company Law and Securities Law of China[127].

Financial Performance - Revenue for the first half of 2024 reached RMB 3,661,016, an increase of 2.94% compared to RMB 3,556,583 in the same period last year[37]. - Net profit attributable to owners of the Company decreased by 74.42% to RMB 122,156 from RMB 477,521 in the corresponding period last year[37]. - Basic and diluted earnings per share both fell by 74.42% to RMB 0.04 from RMB 0.16 in the same period last year[41]. - Net cash flows from operating activities decreased by 13.19% to RMB 292,227 compared to RMB 336,619 in the same period last year[37]. - Net assets attributable to owners of the Company increased by 0.32% to RMB 8,289,254 from RMB 8,262,791 at the end of last year[37]. - Total assets increased by 0.23% to RMB 22,573,276 from RMB 22,521,687 at the end of last year[37]. - Cost of sales increased to RMB 3,038,820,000, up 2.92% from RMB 2,952,712,000 year-on-year[103]. - Administrative expenses rose by 18.88% to RMB 221,470,000, compared to RMB 186,298,000 in the previous year[103]. - Financing costs decreased by 18.34% to RMB 131,852,000, down from RMB 161,457,000 in the same period last year[103]. - Investment income for the reporting period was RMB 50,345,000, a significant recovery from a loss of RMB 119,982,000 in the same period last year[110]. - Share of results from associates and joint ventures decreased by 94.74% to RMB 28,394,000, down from RMB 539,520,000 year-on-year[110]. - Income tax expense increased by 32.18% to RMB 98,136,000, compared to RMB 74,246,000 in the previous year due to higher taxable income[110]. Corporate Governance and Compliance - The company confirms that the contents of the interim report are true, accurate, and complete, with no false representations or material omissions[8]. - The financial reports in the interim report are warranted for truthfulness, accuracy, and completeness by the responsible persons[8]. - The company is committed to transparency and compliance with the Hong Kong Listing Rules[22]. - The company has a strong governance structure with a diverse board of directors and supervisors[28]. - The company has established various committees, including the Audit Committee and the Strategic Development Committee[29]. - The Audit Committee reviewed the interim results announcement for the six months ended June 30, 2024[157]. Risk Management - There were no material risks identified during the reporting period, and potential risks have been detailed in the report[10]. - The company faces risks related to exchange rate fluctuations, particularly with funds raised in USD, which could lead to exchange losses[138]. - Safety risks associated with natural gas management are a concern, as improper handling could lead to severe accidents affecting both people and property[140]. - The company has not engaged in any non-operating appropriation of funds by controlling shareholders or related parties[7]. - There were no external guarantees provided in violation of stipulated decision-making procedures[7]. Business Operations and Strategy - The company is focused on expanding its operations in the utilities sector, particularly in gas and water services[22]. - The company aims to enhance its market position through strategic development and ESG initiatives[29]. - The public utilities business, particularly in the city gas sector, has focused on safety management and quality improvement, enhancing corporate management practices[78]. - The Company operates 9 sewage treatment plants with a total treatment capacity of 0.44 million tons per day[46]. - The Company is engaged in city gas business, focusing on residential and commercial gas supply through self-built urban pipeline networks[45]. - The Company has two holding gas subsidiaries and two equity-participating gas companies, enhancing its influence in Shanghai and the Yangtze River Delta region[45]. - The urban transportation business, operated by Dazhong Transportation, includes taxi operation, car rental, and integrated transportation support services[52]. - Dazhong Logistics is the largest specialized LPG distributor in Shanghai, providing integrated solutions for cargo transportation and licensed to transport hazardous goods[52]. - The non-banking financial services segment saw rapid development in supply chain finance and steady advancement in factoring business[53]. - The venture capital segment, through Dazhong Capital and other platforms, focuses on multi-domain investments including PE, M&A, and secondary market private placements[54]. - The company is actively pursuing energy and capacity expansion projects, with feasibility study reports passing expert reviews[86]. - Dazhong Financial Leasing is expanding its business in consumer finance and platform finance, with rapid development in supply chain finance and breakthroughs in vehicle installment projects[92]. - The company is enhancing internal control management and operational efficiency through fine management and regular self-inspection[84]. - Dazhong is committed to workplace safety, implementing safety responsibility systems and conducting emergency drills across all business segments[97]. - The company is strengthening post-investment management, ensuring smooth operation of direct investment projects and formulating exit plans to control risks[96]. - Dazhong is accelerating digital transformation and optimizing service initiatives to drive business growth and improve management effectiveness[81]. Future Outlook and Plans - The Group's business outlook for 2024 remains unchanged compared to the information disclosed in the 2023 annual report[147]. - The company has closely monitored market conditions and expects to utilize the remaining proceeds by the end of 2024, adjusting timelines based on market environments[177]. - The company plans to continue investing in pollutant treatment systems and upgrading sewage treatment equipment to enhance environmental governance capabilities[130]. - The company has a remaining balance of HK$468.52 million in unutilized net proceeds, expected to be utilized by December 31, 2024[174]. Employee and Management Information - As of June 30, 2024, the Group had 2,855 employees, with employee costs amounting to RMB 415.12 million[156]. - The remuneration of Directors, Supervisors, and senior management is determined based on the Company's performance and audited annual financial statements[149]. Shareholder Information - The Board did not propose any interim dividends for the six months ended June 30, 2024[158]. - The total net proceeds from the public offering of H Shares amounted to approximately HK$1,619.5 million[165]. - The company allocated 65% of the net proceeds (HK$1,052.70 million) for investment in public utility projects, with HK$990.40 million already utilized by June 30, 2024[174]. - For investments in equity projects related to the public utility industry chain, 25% of the net proceeds (HK$404.90 million) was designated, with only HK$17.33 million utilized so far[174]. - The original plan for the use of proceeds raised from H Shares was adjusted to invest in equity projects related to the public utility industry chain, approved by shareholders on December 28, 2020[170]. Meeting and Resolutions - The 2023 annual general meeting is scheduled for June 18, 2024, with 17 resolutions including the Work Report of the Board of Directors for the Year 2023 to be considered[199]. - The 2024 First H Share Class Meeting will also take place on June 18, 2024, where 4 resolutions including the Amendment to the Articles of Association will be approved[199].

证券代码：600635 证券简称：大众公用 公告编号：2024-031 上海大众公用事业（集团）股份有限公司 本次利润分配方案经公司 2024 年 6 月 18 日的 2023 年年度股东大会审议通过。 二、 分配方案 2023 年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利 0.035 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/8/7 | － | 2024/8/8 | 2024/8/8 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本 2,952,434,675 股为基数，每股派发现金红利 0. ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,166,698,799.22, representing a year-on-year increase of 0.95%[3] - Net profit attributable to shareholders of the listed company decreased by 89.34% to CNY 27,680,914.58 compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses also saw a decline of 89.08%, amounting to CNY 33,499,324.66[3] - Basic and diluted earnings per share were both CNY 0.009376, reflecting a decrease of 89.34%[3] - The weighted average return on equity decreased by 2.78 percentage points to 0.33%[3] - Net profit for Q1 2024 decreased to CNY 84,108,155.47, down from CNY 303,374,518.53 in Q1 2023, reflecting a decline of about 72.3%[17] - Earnings per share for Q1 2024 was CNY 0.009376, compared to CNY 0.087972 in Q1 2023, indicating a significant drop in profitability per share[18] - The comprehensive income total for Q1 2024 was CNY 32,935,606.10, down from CNY 162,403,578.88 in Q1 2023, a decrease of 79.8%[27] Cash Flow - The net cash flow from operating activities was CNY 130,352,749.70, down 70.58% year-on-year[3] - In Q1 2024, the company reported cash inflows from operating activities of RMB 2,290,569,860.54, a slight increase from RMB 2,267,449,679.95 in Q1 2023, representing a growth of approximately 1.0%[19] - Cash outflows for purchasing goods and services in Q1 2024 amounted to RMB 1,872,499,787.03, compared to RMB 1,481,136,907.86 in Q1 2023, indicating a significant increase of about 26.4%[19] - The company reported a decrease in cash flow from operating activities net amounting to RMB -252,605,204.50 in Q1 2024, compared to a positive cash flow of RMB 1,403,207,261.79 in Q1 2023[21] - The company's cash and cash equivalents decreased to RMB 2,937,397,879.15 by the end of Q1 2024, down from RMB 4,357,589,576.70 at the end of Q1 2023, a decline of about 32.5%[21] - The net increase in cash and cash equivalents was negative at ¥–21,588,553.45 in Q1 2024, compared to a positive increase of ¥1,362,328,417.67 in Q1 2023[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,984,597,138.31, an increase of 0.66% from the end of the previous year[3] - Total liabilities increased to CNY 8,197,665,932.33 as of March 31, 2024, compared to CNY 8,093,750,839.64 at the end of 2023, reflecting a growth of 1.3%[24] - The total assets reached CNY 15,110,526,624.46 as of March 31, 2024, up from CNY 14,973,840,335.47 at the end of 2023, indicating a growth of 0.9%[24] - Total current assets as of March 31, 2024, reached RMB 2,990,361,886.89, up from RMB 2,781,434,536.56 as of December 31, 2023, reflecting an increase of approximately 7.5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 141,802[7] - The top 10 shareholders hold a total of 1,303,000,000 shares, representing approximately 43.36% of the total shares outstanding[8] - Shanghai大众企业管理有限公司 holds 495,143,859 shares, accounting for 16.77% of the total shares, with 352,000,000 shares pledged[8] - The company reported a total of 61,178,000 H shares held by Shanghai大众企业管理有限公司 as of March 31, 2024, which is approximately 18.84% of the total issued shares[9] Investment Performance - Investment income for Q1 2024 showed a loss of CNY 10,344,666.05, contrasting with a profit of CNY 300,440,506.76 in Q1 2023, indicating a significant downturn in investment performance[15] - The company reported investment income of CNY 62,767,399.77 in Q1 2024, down from CNY 273,203,724.19 in Q1 2023, a decline of 77.0%[26] Financial Expenses - The company reported a decrease in financial expenses, with Q1 2024 financial costs at CNY 32,789,953.85, down from CNY 79,873,182.17 in Q1 2023, indicating a reduction of approximately 59%[15] - The financial expenses for Q1 2024 were CNY 19,718,690.24, significantly reduced from CNY 63,924,402.32 in Q1 2023, showing a decrease of 69.1%[26]

Dividend Distribution - The company plans to distribute a cash dividend of RMB0.35 per ten shares, totaling RMB103,335,213.63 based on 2,952,434,675 outstanding shares at the end of 2023[5]. - The profit distribution plan is subject to approval at the 2023 Annual General Meeting[5]. - The final dividend for the year ended December 31, 2023, is set at RMB0.35 per ten shares (tax inclusive)[12]. Audit and Compliance - BDO Limited issued an unqualified audit report for the company, confirming the accuracy and completeness of the financial report[4]. - The financial report is warranted by the company's senior management, ensuring its truthfulness and accuracy[4]. - The company has confirmed that there were no appropriations of funds by controlling shareholders for non-operating purposes[8]. - The company has not provided any external guarantees in violation of stipulated decision-making procedures[8]. - The Group has complied with all material aspects of relevant laws and regulations impacting its business operations during the year[138]. - The Group's compliance procedures ensure adherence to significant laws, including the Company Law and Securities Law of the PRC[137]. Financial Performance - Revenue for 2023 reached RMB 6,335,775, representing a 9% increase from RMB 5,812,621 in 2022[18]. - Profit attributable to the owners of the Company for 2023 was RMB 212,544, a significant recovery from a loss of RMB 332,591 in 2022[18]. - Basic earnings per share improved to RMB 0.07 in 2023, compared to a loss of RMB 0.11 in 2022[19]. - The weighted average return on net assets for 2023 was 0.07, up 5.77 percentage points from the previous year[18]. - The Group's total comprehensive income increased by RMB509.04 million from RMB(247.12) million in 2022 to RMB261.92 million in 2023[54]. Operational Highlights - The company is focused on enhancing its operational efficiency and exploring new technologies to drive growth[12]. - The company operates primarily in public utility and financial investment sectors, with no material changes in its principal business during the reporting period[20]. - The company has strengthened account management and promoted a pre-deposit sales model to enhance revenue from gas value-added services[24]. - The company aims to reduce operation and maintenance costs through intelligent management and refined maintenance of equipment[30]. - The company is involved in the investment, construction, and operation of municipal infrastructure projects, including the Xiangyin Road Tunnel[25]. Strategic Development - The group aims to strengthen its market position through strategic expansions and new product offerings in the coming years[12]. - Future outlook includes potential mergers and acquisitions to further diversify the business portfolio[12]. - The company plans to actively expand investments in high-quality projects in the public utility sector and explore new energy businesses to identify new profit growth points[104]. - The company is committed to sustainable practices and aims to improve its environmental impact through innovative solutions[12]. Market and Industry Trends - The total natural gas supply in China has increased rapidly, with a growing demand expected to continue, supported by new policies promoting high-quality development in the natural gas industry[38]. - The sewage treatment industry is characterized by a large number of enterprises and insufficient scale, with recent regulations promoting efficient project operations and sustainable development[41]. - The financial leasing industry is trending towards supporting the real economy, with regulatory bodies advocating for standardized operations and compliance[98]. Risk Management - There were no material risks identified during the reporting period, and potential risks and countermeasures are detailed in the report[8]. - The company emphasizes the importance of understanding investment risks associated with forward-looking statements in the report[5]. - The company is committed to strengthening internal control and risk management to mitigate operational risks[108]. Corporate Governance - The company has developed a comprehensive corporate governance structure and received awards for its governance practices[76]. - The Company held its annual general meeting on June 28, 2023, approving the election of new Directors and the appointment of senior management[160]. - The Company maintains sufficient public float as required by the Hong Kong Listing Rules as of the Latest Practicable Date[171]. Environmental and Social Responsibility - The company received an "A+" ESG rating from China Chengxin Green Finance and was recognized as an "Excellent Practice Case of ESG for Listed Companies in 2023" by the China Association for Public Companies[77]. - The Group's environmental policies include measures to reduce greenhouse gas emissions and improve resource efficiency, in compliance with PRC environmental laws[133]. - The company implements strict safety management policies to prevent gas-related safety accidents and enhance workplace safety[111].

| 股票代码：600635 | 股票简称： | 大众公用 | | 编号：临2024-018 | | --- | --- | --- | --- | --- | | 债券代码：138999 | 债券简称： | 23 公用 | 01 | | | 债券代码：240539 | 债券简称： | 24 公用 | 01 | | 上海大众公用事业（集团）股份有限公司 关于参加 2024 年上海辖区 欢迎广大投资者积极参与。 特此公告 上海大众公用事业（集团）股份有限公司 2024 年 4 月 26 日 1 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为进一步加强与广大投资者的沟通交流，上海大众公用事业（集团）股份有 限公司 （下称"公司"）将参加"2024 年上海辖区上市公司年报集体业绩说明 会"活动，现将有关事项公告如下： 本次年报集体业绩说明会活动将采取网络的方式举行，投资者可以登录"上 证路演中心"网站（https://roadshow.sseinfo.com）或关注微信公众号上证路 演中心参与活动，活动时间为 2024 年 5 月 ...

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching RMB 5 billion in the latest fiscal year[12]. - Revenue for 2023 reached RMB 6,335,775, an increase of 9.00% compared to RMB 5,812,621 in 2022[20]. - Profit attributable to the owners of the Company for 2023 was RMB 212,544, recovering from a loss of RMB 332,591 in 2022[20]. - Basic earnings per share improved to RMB 0.07 in 2023, compared to a loss of RMB 0.11 in 2022[21]. - The Company reported a significant increase in profit before income tax expenses to RMB 402,880 in 2023 from a loss of RMB 299,486 in 2022[21]. - Net profit rose by RMB 557.70 million from a loss of RMB 254.07 million for the year ended December 31, 2022, to a profit of RMB 303.63 million for the year ended December 31, 2023[63]. - The total assets of the company have increased by 8% to RMB 10 billion, reflecting strong financial health[12]. - The Company’s net assets attributable to equity holders increased to RMB 8,262,791 in 2023 from RMB 8,180,577 in 2022[21]. Dividend Distribution - The company plans to distribute a cash dividend of RMB0.35 per ten shares, totaling RMB103,335,213.63, based on 2,952,434,675 outstanding shares as of the end of 2023[7]. - The profit distribution plan is subject to approval at the 2023 Annual General Meeting[7]. - The final dividend declared is RMB0.35 per ten shares for the year ended December 31, 2023[14]. Audit and Compliance - The company has received an unqualified audit report from BDO Limited, confirming the accuracy and completeness of the financial report[6]. - The company’s board of directors and senior management confirm the truthfulness and completeness of the annual report, accepting legal responsibility for its contents[8]. - There were no material risks identified during the reporting period, and potential risks and countermeasures are detailed in the report[10]. - The Group has complied with all material aspects of relevant laws and regulations impacting its business and operations during the year[153]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[12]. - The company aims to reduce operational costs by 5% through efficiency improvements in the next fiscal year[13]. - A strategic acquisition of a local competitor is anticipated to enhance market capabilities and increase customer base by 30%[12]. - The company is focusing on expanding its market presence in the Jiangsu province, targeting a 20% increase in market share[17]. Operational Highlights - User data showed a growth of 20% in active users, totaling 1.2 million by the end of the reporting period[13]. - The company operates 9 wastewater treatment plants in Shanghai and Jiangsu with a total capacity of 440,000 tons per day[28]. - Dazhong Transportation possesses 6,793 taxis and 3,434 rental cars as of the end of 2023[34]. - The company is investing RMB 200 million in R&D for new technologies aimed at improving service efficiency[13]. Environmental and Safety Management - The Group's environmental policies include measures to reduce greenhouse gas emissions and improve raw material efficiency, in compliance with PRC environmental laws[148]. - The company is actively upgrading wastewater treatment facilities and introducing new technologies to improve environmental governance capabilities[127]. - Safety management is a priority, with the company implementing comprehensive measures to prevent gas-related safety accidents and enhance workplace safety[126]. Talent Development - The Company has implemented a "three-year talent development action plan" to strengthen talent reserves and build a talent echelon[82]. - The board has approved a new remuneration strategy to attract top talent, with a budget increase of 15% for employee compensation[17]. Connected Transactions - Dazhong Factoring entered into a Domestic Factoring Business Contract with Dazhong Wanxiang on December 14, 2023, to provide factoring financing and conduct accounts receivable services[185]. - Dazhong Run was engaged by Shanghai Gas Chongming on April 28, 2023, to provide cylinder transportation services for LPG distribution in specific areas of Chongming District, Shanghai[197]. - The transactions conducted with Dazhong Wanxiang and Shanghai Gas Chongming within the past twelve months are aggregated for compliance with the Listing Rules[194][190]. Future Outlook - Future outlook indicates a projected revenue growth of 10% for the next fiscal year[17]. - The company aims to improve the exit mechanism for investment projects and explore various exit channels to enhance profitability[118]. - The company plans to actively expand investments in high-quality projects in the public utility sector and explore new energy businesses to identify new profit growth points[118].

Financial Performance - The company's operating revenue for the third quarter of 2023 was RMB 1,270,616,294.05, representing a year-on-year increase of 4.53%[3] - The net profit attributable to shareholders of the listed company for the third quarter was a loss of RMB 204,323,694.02, a decrease of 8,133.64% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 238,182,626.21, reflecting a decrease of 383.08% year-on-year[3] - The basic and diluted earnings per share for the third quarter were both -0.069205, a decrease of 8,133.64% compared to the same period last year[3] - The company reported a significant decrease in net profit due to reduced earnings from equity method investments compared to the same period last year[8] - The company maintained stable main business operations during the reporting period despite the losses reported[9] - The company is focusing on improving its financial performance and expanding its market presence through strategic investments and operational efficiencies[24] Assets and Liabilities - The total assets at the end of the reporting period were RMB 22,957,622,361.29, down 2.65% from the end of the previous year[4] - The equity attributable to shareholders of the listed company increased to RMB 8,384,089,904.55, marking a year-on-year increase of 1.79%[4] - As of September 30, 2023, total current assets amount to 5,275,520,044.83, a decrease from 5,573,148,568.91 as of December 31, 2022[19] - Total liabilities decreased to ¥13,129,653,088.43 as of September 30, 2023, from ¥14,006,409,003.25 at the end of 2022, a reduction of 6.3%[21] - The company's total equity increased to ¥9,827,969,272.86 as of September 30, 2023, compared to ¥9,576,566,805.88 at the end of 2022, reflecting a growth of 2.6%[21] - The total current liabilities as of September 30, 2023, were CNY 4,986,341,843.71, compared to CNY 5,639,909,545.61 at the end of 2022, indicating a reduction in short-term obligations[31] Cash Flow - The net cash flow from operating activities for the reporting period was not applicable, while it was RMB 606,036,539.77 for the year-to-date, down 30.12% year-on-year[3] - The net cash flow from operating activities for the year-to-date period is -30.12 million, primarily due to the absence of specialized subsidy payments received by a subsidiary in the previous year and increased gas purchase payments by another subsidiary[10] - Cash inflow from operating activities for the first three quarters of 2023 was ¥606,036,539.77, down from ¥867,305,845.98 in the first three quarters of 2022[27] - The company reported a net cash increase of CNY -146,890,788.01 for the period, contrasting with a net increase of CNY 884,139,776.12 in the previous year, highlighting a significant cash flow challenge[29] - Cash flow from financing activities showed a net outflow of -197,815,961.69 RMB in 2023, contrasting with a net inflow of 170,203,012.23 RMB in 2022[37] Shareholder Information - As of September 30, 2023, the total number of ordinary shareholders is 141,557, with no preferred shareholders[11] - The top ten shareholders hold a total of 1,300,000,000 shares, representing approximately 43.56% of the total shares issued[12] - The largest shareholder, Hong Kong Central Clearing Limited, holds 533,551,000 shares, accounting for 18.07% of the total shares[12] - Shanghai大众企业管理有限公司 holds 495,143,859 shares, representing 16.77% of the total shares, with 357,000,000 shares pledged[12] Investment and Income - Investment income for the first three quarters of 2023 was ¥435,702,128.22, significantly higher than ¥32,287,098.32 in the same period of 2022[23] - The company reported a net interest income of ¥72,641,534.53 for the first three quarters of 2023, compared to ¥58,403,140.21 in the same period of 2022, marking a growth of 24.5%[23] - The company's investment income for the first three quarters of 2023 was CNY 372,492,896.06, down from CNY 423,815,152.75 in the previous year, reflecting a decrease of approximately 12.1%[33] Comprehensive Income - Total comprehensive income for the first three quarters of 2023 was ¥322,423,673.73, a recovery from a total comprehensive loss of ¥54,388,964.51 in the same period of 2022[25] - The company reported a decrease in other comprehensive income attributable to the parent company, amounting to -¥45,863,233.49 in the first three quarters of 2023, compared to ¥10,062,914.33 in the same period of 2022[25] - The total comprehensive income for the first three quarters of 2023 was 247,237,508.93 RMB, compared to 211,862,374.42 RMB in 2022, reflecting a year-over-year increase[34] Research and Development - The company’s research and development expenses for the first three quarters of 2023 were ¥259,433.97, indicating ongoing investment in innovation[23] Accounting Standards - The company executed new accounting standards starting January 1, 2023, which did not have a significant impact on its financial position or operating results[38]

Company Overview - The company is a joint-stock entity incorporated in China, listed on the Shanghai Stock Exchange[9]. - The company was established on January 1, 1992, and operates under the corporate governance code[9]. - Shanghai Dazhong Transportation (Group) Co., Ltd. has been listed on the Shanghai Stock Exchange since August 7, 1992, with A shares and July 22, 1992, for B shares[11]. - The company is 90% owned by the Shanghai Dazhong Business Management Employee Share Ownership Committee and 10% by independent third-party shareholders[11]. - Shanghai Dazhong Gas Co., Ltd. was incorporated on September 28, 2001, and is a limited liability company[14]. - Jiangsu Dazhong Water Group Co., Ltd. was established on April 4, 1995, as a limited liability company[12]. - Shanghai Dazhong Financial Leasing Co., Ltd. was incorporated on September 19, 2004[11]. - Nantong Dazhong Gas Co., Ltd. was established on December 11, 2003, as a limited liability company[14]. - Shanghai Dazhong Commercial Factoring Co., Ltd. was incorporated on December 3, 2021[11]. - The company operates multiple subsidiaries, including Dazhong Capital and Dazhong Logistics, which were established in 2010 and 1999, respectively[11]. Financial Performance - Revenue for the first half of 2023 reached RMB 3,556,583, representing a 12.81% increase compared to RMB 3,152,730 in the same period last year[19]. - Net profit attributable to owners of the Company was RMB 477,521, a significant recovery from a loss of RMB 150,752 in the corresponding period last year[19]. - Net cash flows from operating activities decreased by 40.61%, totaling RMB 336,619 compared to RMB 566,774 in the previous year[19]. - Net assets attributable to owners of the Company increased by 4.46% to RMB 8,545,330 from RMB 8,180,577 at the end of last year[19]. - Total assets grew by 1.36% to RMB 23,562,706 from RMB 23,245,923 at the end of last year[19]. - Basic earnings per share improved to RMB 0.16 from a loss of RMB 0.05 in the same period last year[21]. - Diluted earnings per share also improved to RMB 0.16 from a loss of RMB 0.05 in the corresponding period last year[21]. - The weighted average return on net assets increased by 6.47 percentage points to 5.83% from (0.64%) in the previous year[21]. - The company achieved a revenue of RMB 3,557 million in the reporting period, representing a year-on-year increase of 12.81%[51]. - Net profits attributable to owners of the listed company reached RMB 478 million, an increase of RMB 628 million year-on-year[51]. - Basic earnings per share were RMB 0.16, up RMB 0.21 per share compared to the previous year[51]. Business Operations - The company primarily engages in city gas, wastewater treatment, urban transportation, infrastructure investment and operation, logistics and transport, and financial investment businesses, with no material change in its principal business during the reporting period[22]. - The natural gas consumption in city gas is increasing year by year, driven by urbanization and the "coal-to-gas" environmental protection policy, which is expected to further narrow the gap between gas supply and sales[22]. - The company is transitioning from singular natural gas energy supply to integrated energy services, including photovoltaic and hydrogen, to meet diversified energy needs[25]. - The company operates 9 wastewater treatment plants with a total capacity of 440,000 tons per day, achieving a daily treatment capacity of 175,000 tons in one plant[32]. - Dazhong Logistics provides LPG delivery services to 14 administrative regions in Shanghai, billing customers based on unit price per cylinder and actual quantities carried[38]. - Dazhong Financial Leasing's To-C business mainly consists of consumer installment credit for mobile phones and motor vehicles, contributing to its revenue[40]. Risk Management - There were no material risks identified during the reporting period, and potential risks are detailed in the management discussion section[6]. - The risk of unexpected fluctuations in natural gas prices could significantly impact the company's business results due to the cross-subsidization model in pricing policies[86]. - The company faces potential risks from changes to environmental protection policies, which may impose additional operational pressures[86]. - Safety risks associated with natural gas operations include the potential for explosions and leaks due to aging pipeline networks[88]. - The company is closely monitoring exchange rate fluctuations, particularly the RMB/USD exchange rate, to mitigate potential exchange losses[93][95]. - The Company faces risks related to fluctuations in financial market prices, which could impact the value of its financial assets and investment income[93][95]. Corporate Governance - The company confirmed that the interim report's contents are true, accurate, and complete, with no material omissions[2]. - The interim report is unaudited, and all directors attended the board meetings[2]. - The company has established a strong corporate governance structure, ensuring compliance with relevant laws and regulations[47]. - The Company has not recommended any interim dividends for the reporting period[98]. - The proposed changes in the use of proceeds were approved by shareholders at the annual general meeting[109]. Investment and Financing - The company plans to continue expanding its investments in joint ventures and enhancing its equity investment strategy[78]. - The company successfully issued RMB 1 billion worth of corporate bonds in the first half of 2023, achieving the lowest nominal interest rate since 2012[46]. - The company has a diversified financing capability, enhancing its financial innovation efforts in consumer installment credit[46]. - The Group's total bank borrowings were approximately RMB 3,860.08 million, a decrease of 1.76% from RMB 3,929.18 million as of December 31, 2022[113]. - The Group's gearing ratio was 88.17% as of June 30, 2023, representing a decrease of 4.63 percentage points from 92.80% as of December 31, 2022[114]. Environmental and Social Responsibility - The company is committed to upgrading wastewater treatment facilities and introducing new technologies to enhance environmental management capabilities[89]. - The Company emphasizes the importance of workplace safety and adheres to national safety policies to prevent gas-related accidents[92][93]. - The government is pushing for full coverage of urban sewage pipeline networks and advancing the integration of domestic sewage collection and treatment facilities[28]. - The company regularly upgrades sewage treatment equipment and incorporates new technologies to enhance environmental improvement capabilities[87]. Future Outlook - The company aims to expand its market presence and enhance its service offerings through strategic investments and partnerships[12]. - The company is actively controlling investment scale in non-core projects and is cautiously evaluating new investment opportunities due to the overall economic environment[59]. - The expected timeline for utilizing the remaining net proceeds is by December 31, 2024[110].

Financial Performance - The company reported an unaudited interim performance for the six months ended June 30, 2023[2]. - Revenue for the first half of 2023 reached RMB 3,556,583, representing a 12.81% increase compared to RMB 3,152,730 in the same period last year[21]. - Net profit attributable to owners of the Company was RMB 477,521, a significant recovery from a loss of RMB 150,752 in the corresponding period last year[21]. - Basic earnings per share improved to RMB 0.16 from a loss of RMB 0.05 in the same period last year[23]. - Diluted earnings per share also increased to RMB 0.16, reflecting a positive turnaround in financial performance[23]. - The company achieved a revenue of RMB 3,557 million in the reporting period, representing a year-on-year increase of 12.81%[53]. - Net profits attributable to owners of the listed company reached RMB 478 million, an increase of RMB 628 million year-on-year[53]. - Basic earnings per share were RMB 0.16, up RMB 0.21 per share compared to the previous year[53]. Financial Position - Net cash flows from operating activities decreased by 40.61%, totaling RMB 336,619 compared to RMB 566,774 in the previous year[21]. - Net assets attributable to owners of the Company increased by 4.46% to RMB 8,545,330 from RMB 8,180,577 at the end of last year[21]. - Total assets grew by 1.36% to RMB 23,562,706 from RMB 23,245,923 at the end of last year[21]. - The Group's total bank borrowings amounted to approximately RMB 3,860.08 million, a decrease of 1.76% from RMB 3,929.18 million as of December 31, 2022[114]. - The Group's gearing ratio was 88.17% as of June 30, 2023, representing a decrease of 4.63 percentage points from 92.80% as of December 31, 2022[115]. Corporate Governance - The board of directors confirmed the truthfulness, accuracy, and completeness of the financial reports in the interim report[4]. - The company has complied with relevant laws and regulations, ensuring a sound corporate governance structure[49]. - The Company has not recommended any interim dividends for the reporting period[98][101]. - The remuneration of Directors and senior management is linked to the Company's performance and audited financial statements[100][102]. Business Operations - The company primarily engages in city gas, wastewater treatment, urban transportation, infrastructure investment and operation, logistics and transport, and financial investment businesses, with no material change in its principal business during the reporting period[24]. - The company operates 9 wastewater treatment plants with a total capacity of 440,000 tons per day, achieving a discharge standard of class A+ in some facilities[34]. - Dazhong Logistics provides LPG delivery services to 14 administrative regions in Shanghai, billing customers based on the unit price per cylinder and actual quantities carried[40]. - The gas business segment focused on clean energy substitution and launched a 2023 gas pipeline network construction plan[55]. Strategic Development - The Company is focusing on strategic development initiatives to enhance market expansion and operational efficiency[20]. - Future outlook includes continued investment in new technologies and potential market acquisitions to drive growth[20]. - The Company aims to maintain a strong financial position while exploring new business opportunities in the utilities sector[20]. - The Company has been actively controlling investment scale in non-core projects due to the overall economic environment and geopolitical influences[61]. Risk Management - There were no material risks identified during the reporting period, and potential risks and countermeasures are detailed in the report[8]. - The risk of unexpected fluctuations in natural gas prices could significantly impact the Group's business results due to the time lag in price adjustments by local government[87]. - Safety risks associated with natural gas operations include potential explosions and pipeline leaks, which pose threats to both people and property[89]. Investment and Financing - The Company successfully issued RMB 1 billion worth of corporate bonds in the first half of 2023, achieving the lowest nominal interest rate since 2012[48]. - The Company has proposed to issue corporate bonds and overseas debts as part of its financing strategy[117]. - The Company intends to use idle funds for cash management, enhancing liquidity and operational flexibility[117]. Compliance and Legal Matters - The company had no significant litigations or arbitrations during the reporting period[129]. - There were no bankruptcy reorganization events applicable to the company[129]. - The company did not receive any non-standard audit opinions related to the previous annual report[129]. - There were no allegations of legal or regulatory violations involving the company or its executives during the reporting period[129].