Financial Performance - The company's operating revenue for 2021 was CNY 1,796,739,862.83, representing a 15.00% increase compared to CNY 1,562,396,998.04 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 24,492,620.54, a significant increase of 49.08% from CNY 16,429,102.12 in 2020[21]. - The net cash flow from operating activities reached CNY 241,467,445.07, marking a 400.54% increase compared to CNY 48,241,703.24 in 2020[21]. - The total assets of the company at the end of 2021 were CNY 5,779,509,049.44, which is a 3.19% increase from CNY 5,600,904,266.48 at the end of 2020[21]. - The basic earnings per share for 2021 was CNY 0.04, up 33.33% from CNY 0.03 in 2020[22]. - The weighted average return on equity increased to 1.16% in 2021, up by 0.38 percentage points from 0.78% in 2020[22]. - The company reported a net profit of CNY 112,101,777.68 in the fourth quarter of 2021, contrasting with losses in the previous three quarters[25]. - Non-recurring gains and losses totaled CNY 43,792,900.50 in 2021, down from CNY 75,892,800.84 in 2020[25]. - The company achieved a business revenue of 1.797 billion yuan in 2021, a 15% increase compared to the previous year, with profit indicators exceeding initial annual targets[27]. - The company reported a total revenue of approximately CNY 3.18 billion, with a net profit of CNY 69.4 million, reflecting a year-on-year increase of 52.8 million[57]. Operational Highlights - In 2021, the company added 56,000 gas supply users, bringing the total to 1.692 million users, with a maximum daily natural gas supply of 3.3 million cubic meters and an annual sales volume of 504 million cubic meters, representing an 18% increase year-over-year[27]. - The company's natural gas supply reached 504 million cubic meters in 2021, an increase of 18% year-on-year[36]. - The company received government financial support totaling 7.7 million yuan in interest subsidies, 7.34 million yuan in social insurance refunds, and 1.635 million yuan for gas facility renovation, significantly reducing renovation costs[28]. - The company is expanding its business into integrated energy solutions, providing customized heating and energy solutions for commercial enterprises, and developing a comprehensive energy utilization model[32]. - The company operates 1 compressed natural gas (CNG) mother station and 10 CNG refueling stations, focusing on green transportation and market-driven LNG wholesale and retail operations[33]. - The company is actively seeking to diversify its gas supply sources to mitigate rising costs and ensure stable supply amid challenging procurement conditions[27]. Safety and Risk Management - The company has improved its safety management, achieving zero responsibility accidents in 2021 and receiving recognition as an advanced unit in safety production in the gas industry[27]. - The company has not identified any significant risks that could materially affect its operations during the reporting period[7]. - The company is addressing safety management by implementing a comprehensive safety management system and conducting risk assessments on its pipelines and equipment[59]. - The company faces risks related to unstable gas supply and pricing, with natural gas prices expected to remain high in 2022[60]. - The company has increased safety investments due to stricter gas safety regulations, which may add pressure to future operations[60]. Corporate Governance - The company has implemented measures to ensure compliance with corporate governance standards, enhancing transparency and investor relations[63]. - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal requirements[64]. - The company has established strict internal controls to prevent insider trading and ensure confidentiality of sensitive information[66]. - The company has committed to timely and accurate information disclosure, adhering to regulations set by the Shanghai Stock Exchange[66]. - The company has a diverse management team with backgrounds in finance, energy, and public service, contributing to its operational effectiveness[71]. Community and Environmental Initiatives - The company established a leadership group for rural revitalization, ensuring continuous support and funding for poverty alleviation and rural development initiatives[102]. - The company is committed to enhancing employment and entrepreneurship support for impoverished populations, facilitating skills training and job placements[104]. - The company is focused on environmental improvements in rural areas, implementing comprehensive actions to enhance living conditions and hygiene awareness among villagers[104]. - The company has successfully lifted all identified impoverished households out of poverty by the end of 2017, with no cases of returning to poverty reported as of the end of 2021[105]. - The company aims to leverage its role in industrial integration to achieve the goals of strong agriculture, beautiful rural areas, and prosperous farmers[108]. Financial Position and Investments - The total liabilities rose to ¥3,623,030,723.77 in 2021, compared to ¥3,440,536,222.97 in 2020, indicating an increase of about 5.3%[142]. - Long-term borrowings increased significantly to ¥1,087,000,000.00 in 2021 from ¥309,000,000.00 in 2020, marking a rise of about 251.5%[142]. - The company's equity attributable to shareholders decreased slightly to ¥2,115,587,356.69 in 2021 from ¥2,124,216,832.31 in 2020, a decline of around 0.4%[143]. - The company reported a total of CNY 2,020,000.00 in owner contributions during the year[161]. - The company’s total liabilities and equity at the end of the year were CNY 2,124,216,832.31, indicating a solid financial position[168]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,637, an increase from 53,875 at the end of the previous month[120]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 357,810,876 shares, representing 58.75% of the total shares[121]. - The company reported no changes in its share capital structure during the reporting period[118]. - The company has not engaged in any asset management or entrusted loan activities during the reporting period[119]. - The company has not implemented any share buyback programs during the reporting period[125].

Financial Performance - The company's operating revenue for Q1 2022 was ¥666,586,826.41, representing a year-on-year increase of 15.79%[6] - The net profit attributable to shareholders was a loss of ¥11,672,399.28, with a basic earnings per share of -¥0.02[6] - Total operating revenue for Q1 2022 was CNY 666,586,826.41, an increase of 15.8% compared to CNY 575,698,341.40 in Q1 2021[16] - Net loss for Q1 2022 was CNY 12,648,776.95, an improvement from a net loss of CNY 21,092,674.04 in Q1 2021[17] - Operating profit for Q1 2022 was CNY -9,342,639.80, compared to CNY -16,446,862.82 in Q1 2021, indicating a reduction in losses[17] - The basic earnings per share for Q1 2022 was CNY -0.02, compared to CNY -0.03 in Q1 2021[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,826,477,284.90, an increase of 0.81% compared to the end of the previous year[7] - The total assets as of Q1 2022 amounted to CNY 5,826,477,284.90, compared to CNY 5,779,509,049.44 in the previous year[15] - Total liabilities for Q1 2022 were CNY 3,680,394,831.99, an increase from CNY 3,623,030,723.77 in Q1 2021[14] - The total equity attributable to shareholders was CNY 2,106,159,555.06, slightly down from CNY 2,115,587,356.69 in Q1 2021[15] Cash Flow - Cash flow from operating activities showed a net outflow of ¥76,942,829.13, a decrease of ¥46,535,900 compared to the previous year[8] - The net cash flow from operating activities was -CNY 76,942,829.13, worsening from -CNY 30,406,886.25 in the same period last year[20] - Total cash outflow from operating activities was CNY 666,413,283.21, up 20.3% from CNY 554,056,744.79 in Q1 2021[20] - Cash inflow from financing activities was CNY 184,310,000.00, significantly higher than CNY 89,950,000.00 in Q1 2021[21] - The net cash flow from financing activities improved to CNY 55,104,348.60 from -CNY 5,315,079.16 in the previous year[21] - The ending cash and cash equivalents balance was CNY 128,031,075.51, compared to CNY 115,492,686.21 at the end of Q1 2021, reflecting a year-over-year increase of 10.5%[21] Operational Metrics - Accounts receivable increased by 47.99%, primarily due to an increase in uncollected natural gas sales[8] - Prepayments rose by 88.10%, mainly due to increased prepayments for natural gas purchases[8] - Operating costs increased by 16.65%, attributed to higher natural gas sales volume[8] - The company reported a credit impairment loss of CNY -6,364,579.25 in Q1 2022, worsening from CNY -4,010,627.19 in Q1 2021[16] - In Q1 2022, the cash received from sales of goods and services was CNY 575,335,879.20, an increase of 10.8% compared to CNY 519,088,502.77 in Q1 2021[20] - The company received government subsidies amounting to ¥3,894,076.58 during the reporting period[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,875[10] - The company's cash and cash equivalents increased to CNY 889,879,338.62 in Q1 2022 from CNY 832,241,430.38 in Q1 2021[14] - Payments to employees decreased to CNY 74,852,856.49 from CNY 82,242,325.81 in Q1 2021, indicating a reduction of 8.4%[20] - The company received CNY 5,220,139.00 in tax refunds, a significant increase from CNY 59,995.84 in the previous year[20]

Financial Performance - The company's operating revenue for Q3 2021 was ¥275,460,531.39, a decrease of 5.24% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥25,105,180.76, representing a significant decline of 332.07% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was -¥29,026,673.03, with no applicable year-on-year comparison[6]. - The net profit for Q3 2021 was -88,994,532.85 RMB, a slight improvement from -90,765,792.37 RMB in Q3 2020, indicating a year-over-year decrease of approximately 1.95%[17]. - Operating profit for Q3 2021 was -85,053,374.89 RMB, compared to -92,156,112.47 RMB in the same period last year, reflecting a year-over-year improvement of about 7.5%[17]. - The company's net profit for the first three quarters was not explicitly stated, but the retained earnings decreased to CNY 226,610,541.42 from CNY 344,671,232.76, a decline of 34.3%[16]. Revenue and Costs - Total revenue for the first three quarters of 2021 reached CNY 1,126,372,536.50, an increase of 18.8% compared to CNY 948,221,322.43 in the same period of 2020[16]. - Total operating costs for the first three quarters of 2021 were CNY 1,220,255,231.39, up from CNY 1,079,285,792.16 in 2020, reflecting a year-over-year increase of 13.1%[16]. - Total revenue from sales of goods and services for the first nine months of 2021 reached 1,249,332,809.33 RMB, up from 955,476,769.53 RMB in the first nine months of 2020, representing an increase of approximately 30.7%[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,763,082,882.63, reflecting a 2.90% increase from the end of the previous year[7]. - The total assets of the company amounted to CNY 5,763,082,882.63, compared to CNY 5,600,904,266.48 in the previous year, indicating a growth of 2.9%[16]. - The total liabilities increased to CNY 3,713,972,741.20 from CNY 3,440,536,222.97, marking an increase of 7.9%[15]. - The total equity attributable to shareholders decreased to CNY 2,012,236,796.03 from CNY 2,124,216,832.31, a decline of 5.3%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥51,887,320.73, a substantial improvement compared to -¥139,563.20 in the same period last year[9]. - Cash flow from operating activities for the first nine months of 2021 was 51,887,320.73 RMB, a significant recovery from -139,563,203.57 RMB in the same period of 2020[18]. - The company reported a net cash outflow from investing activities of -116,803,143.04 RMB for the first nine months of 2021, compared to -79,189,727.72 RMB in the same period last year[19]. - Cash and cash equivalents at the end of Q3 2021 totaled 154,135,277.81 RMB, down from 282,553,341.07 RMB at the end of Q3 2020, indicating a decrease of approximately 45.5%[19]. - The company raised 1,763,310,000.00 RMB through financing activities in the first nine months of 2021, compared to 2,653,110,000.00 RMB in the same period of 2020, reflecting a decrease of about 33.5%[19]. Shareholder Information - The company reported a total of 53,352 ordinary shareholders at the end of the reporting period[11]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 58.75% of the shares[11]. Research and Development - Research and development expenses rose to CNY 3,366,119.63, compared to CNY 1,952,225.01 in the previous year, reflecting an increase of 72.4%[16]. - The company did not report any new product developments or strategic expansions during this quarter[13]. Earnings Per Share - The basic and diluted earnings per share for the current period were both -¥0.04, a decrease of 300% year-on-year[7]. - Basic and diluted earnings per share for Q3 2021 were both -0.14 RMB, slightly better than -0.15 RMB in Q3 2020[17].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥850.91 million, representing a 29.41% increase compared to ¥657.52 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was approximately -¥62.50 million, an improvement of ¥38.67 million compared to -¥101.17 million in the same period last year[17]. - The basic earnings per share for the first half of 2021 was -¥0.10, compared to -¥0.17 in the same period last year[17]. - The weighted average return on net assets increased to -2.98% from -4.92% year-on-year, showing an improvement of 1.94 percentage points[17]. - The net cash flow from operating activities for the first half of 2021 was approximately ¥23.28 million, a significant recovery from -¥101.80 million in the same period last year[17]. - The total assets at the end of the reporting period were approximately ¥5.69 billion, an increase of 1.67% from ¥5.60 billion at the end of the previous year[17]. - The company's net assets attributable to shareholders decreased by 4.21% to approximately ¥2.03 billion from ¥2.12 billion at the end of the previous year[17]. Sales and Market Growth - The company reported a significant increase in gas sales volume compared to the previous year, which was a key driver for revenue growth[17]. - The gas sales volume reached 239 million cubic meters, showing a growth of 24% compared to the previous year[31]. - The number of existing users reached 1.657 million, including nearly 20,000 industrial and commercial users[31]. - The company is expanding its clean energy business, focusing on customized heating solutions and distributed energy projects[24]. - The company is positioned to benefit from the government's push for clean energy and the "coal-to-gas" initiative, particularly in the northern regions[28]. Research and Development - The company’s R&D expenses increased by 76.25% to RMB 1.91 million, reflecting a focus on innovation[33]. - The company's research and development expenses increased due to the addition of new R&D projects[34]. Financial Management - The company’s sales costs rose by 33.87% to RMB 673.52 million, influenced by higher upstream procurement costs[33]. - The increase in sales cost is primarily due to the rise in gas sales volume compared to the same period last year[34]. - The net cash flow from operating activities increased due to higher cash received from sales and a decrease in cash paid for other operating activities[34]. - Long-term borrowings increased by 61.17% to ¥498 million, up from ¥309 million in the previous year[37]. - Prepayments increased by 70.54% to ¥110 million, primarily due to prepayment for natural gas procurement[37]. - The company's undistributed profits decreased by 26.97% to ¥252 million, down from ¥345 million in the previous year[37]. - The company experienced a 170.21% increase in payable dividends, rising to ¥48 million from ¥18 million in the previous year[37]. Corporate Governance - There were changes in the board of directors, with two directors resigning and two new directors elected[43]. - The company did not disclose any stock incentive plans or employee stock ownership plans during this reporting period[44]. Shareholder Information - The total number of ordinary shareholders reached 80,676 by the end of the reporting period[54]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 357,810,876 shares, accounting for 58.75% of the total shares[54]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, indicating the company has a history of profitable operations and sufficient financial resources for at least the next 12 months[98]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[99]. - The company includes all controlled subsidiaries in its consolidated financial statements, ensuring consistency in accounting policies and periods[104]. Asset Management - The company's total assets at the end of the reporting period amounted to CNY 2,072,476,075.76, showing a slight increase from the previous period[84]. - The total liabilities at the end of the reporting period were CNY 1,033,298,797.37, reflecting a slight increase compared to the previous period[84]. - The company’s total bad debt provision for the first stage was CNY 1,165,252.37, while the second and third stages were CNY 11,036,083.07 and CNY 4,598,813.35, respectively[182]. Risk Management - There were no significant risks that materially affected the company's production and operations during the reporting period[4]. - The company has established a proactive safety management model, enhancing its risk control capabilities and safety assurance[29].

Financial Performance - The company's operating revenue for 2020 was CNY 1,562,396,998.04, a decrease of 9.86% compared to CNY 1,733,320,223.81 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 16,429,102.12, representing a significant increase of 71.44% from CNY 9,582,825.13 in 2019[20] - The net cash flow from operating activities decreased by 60.63% to CNY 48,241,703.24 from CNY 122,540,926.67 in the previous year[20] - The total assets at the end of 2020 were CNY 5,600,904,266.48, a slight increase of 0.58% from CNY 5,568,636,491.04 in 2019[20] - The basic earnings per share for 2020 was CNY 0.03, up 50% from CNY 0.02 in 2019[21] - The weighted average return on net assets increased to 0.78% in 2020, up by 0.32 percentage points from 0.46% in 2019[21] - The company reported a record daily gas consumption, supported by a comprehensive gas supply network, ensuring peak demand is met effectively[31] - The company achieved a net profit of CNY 16.43 million in 2020, representing a year-on-year increase of 71.44%[37] - The company's natural gas supply volume was 425 million cubic meters, a decrease of 3.99% compared to the previous year[37] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, totaling approximately CNY 30,451,534.20[5] - The company reported a cash dividend of RMB 0.50 per share for 2020, with a payout ratio of 185.35% of net profit attributable to shareholders[65] Operational Highlights - The company operates in urban pipeline gas, municipal engineering, vehicle gas, clean energy development, and extended services, with a focus on enhancing clean energy supply and safety[27][28] - The company has established 8 urban gas subsidiaries and 1 national development zone, aiming to optimize the clean energy structure and ensure safety in gas supply[28] - The vehicle gas business includes 1 compression mother station and 10 gas refueling stations, with a focus on CNG/LNG wholesale and retail, indicating a fully market-oriented approach[28] - The clean energy business aims to provide efficient and smart energy solutions, including customized heating and energy supply for commercial enterprises, indicating a strategic focus on sustainability[29] - The company is actively exploring opportunities in distributed energy projects and advanced fuel cell technologies as part of its future growth strategy[56] Government Support and Market Opportunities - The government’s policies promoting clean energy and the "coal-to-gas" initiative are expected to provide significant growth opportunities for the company in the clean energy sector[32] - The company received government financial support totaling CNY 40.943 million, including subsidies and price support[36] - The natural gas market is expected to grow significantly, supported by government policies aimed at making natural gas a key component of China's clean energy system[56] Risk Management and Safety - The company did not report any significant risks that could materially affect its operations during the reporting period[7] - The company has implemented proactive safety management measures, resulting in a decrease in risk pipeline ratios and enhanced safety management capabilities[33] - The company faces risks related to seasonal gas supply and price instability, which may impact its operations[62] Financial Management and Cost Control - Sales expenses decreased by 49.28% to CNY 165.92 million, while management expenses fell by 6.73% to CNY 127.16 million[39][46] - Research and development expenses increased by 12.83% to CNY 3.22 million, with 25 R&D personnel accounting for 0.95% of the total workforce[47] - The company capitalized on low-interest loans from the National Development Bank, which helped reduce financial costs by 9.67%[36][46] - The gross profit margin for gas sales decreased by 12.72 percentage points to 16.54%[41] Shareholder Structure and Governance - The total number of ordinary shareholders increased from 65,753 to 80,676, representing a growth of approximately 22.7%[93] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 357,810,876 shares, accounting for 58.75% of the total shares[95] - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal and regulatory requirements[122] - The company has a diverse board with members having extensive experience in the gas industry and related sectors[110] Social Responsibility and Community Engagement - The company successfully completed its poverty alleviation tasks, helping 32 households and 84 individuals to achieve poverty alleviation without any new or returning poverty cases[78] - The company invested a total of 54.47 million RMB in poverty alleviation efforts, including 49.67 million RMB specifically for industrial development projects[83] - The company donated 110,000 RMB in materials and funds to support pandemic relief efforts[84] - The company implemented measures to ensure gas supply continuity during the pandemic, including online service facilitation and maintaining service for customers with overdue payments[85] Changes in Accounting and Financial Reporting - The company implemented the new revenue recognition standard starting January 1, 2020, which replaced the previous standards and introduced a five-step method for revenue recognition[68] - The impact of the new revenue standard on the consolidated balance sheet as of January 1, 2020, included a reduction of prepayments by CNY 548,723,235.74 and an increase in contract liabilities by CNY 515,503,248.79[70] - The company reported a deferred income adjustment of CNY 19,819,834.12, resulting in a new deferred income balance of CNY 278,015,472.02[70] Employee Management and Development - The company has established a dynamic, performance-oriented compensation system linked to employee performance and job roles[116] - The training program for employees includes five modules, focusing on professional skills and adapting to online and offline training methods due to the pandemic[117][118] - The company has received authorization for vocational skill level recognition, enhancing employee skill development and career advancement[117] Future Outlook and Strategic Goals - The company aims to achieve stable growth in natural gas sales volume in 2021, focusing on increasing new user numbers and promoting household gas appliances[59] - The company plans to leverage its pipeline advantages to develop comprehensive energy businesses and extend its service offerings[58] - The company will actively expand its market share by promoting natural gas as a cleaner energy alternative, particularly in large boiler and LPG conversion projects[60]

Financial Performance - Total revenue for Q1 2021 reached RMB 575,698,341.40, representing a 45.71% increase compared to RMB 395,095,544.56 in the same period last year[12] - The net profit attributable to shareholders was a loss of RMB 20,689,852.43, an improvement from a loss of RMB 52,615,210.53 in the previous year[5] - The net cash flow from operating activities improved to -RMB 30,406,886.25, a significant increase of RMB 68,253,024.81 compared to -RMB 98,659,911.06 in the previous year[14] - Operating costs increased to RMB 470,051,644.74, a rise of 45.61% from RMB 322,817,880.72, primarily due to increased natural gas sales[12] - The company expects a cumulative net profit loss for the year up to the next reporting period[14] - Total operating revenue for Q1 2021 reached ¥575,698,341.40, a 45.7% increase from ¥395,095,544.56 in Q1 2020[27] - Net loss for Q1 2021 was ¥21,092,674.04, compared to a net loss of ¥53,842,071.17 in Q1 2020, representing a 60.9% improvement[28] - Basic and diluted earnings per share for Q1 2021 were both -¥0.03, an improvement from -¥0.09 in Q1 2020[29] - The company's total profit before tax for Q1 2021 was ¥26,377,242.92, a recovery from a loss of ¥30,935,933.58 in Q1 2020, indicating a significant improvement in profitability[31] Assets and Liabilities - Total assets at the end of the reporting period were RMB 5,586,112,216.14, a slight decrease of 0.26% from RMB 5,600,904,266.48 at the end of the previous year[5] - Current assets totaled ¥798,723,835.26, down from ¥803,014,517.85, indicating a decrease of about 0.42%[18] - The company's total liabilities amounted to ¥3,175,386,002.88, slightly down from ¥3,176,171,091.28 in the previous year[24] - Total liabilities were reported at ¥3,443,210,887.66, slightly up from ¥3,440,536,222.97, indicating a marginal increase of about 0.05%[20] - The company's equity attributable to shareholders decreased to ¥2,105,098,559.46 from ¥2,124,216,832.31, a decline of approximately 0.9%[20] Cash Flow - Cash and cash equivalents decreased by 34.54% to RMB 117,064,850.92 from RMB 178,835,909.14 at the beginning of the year[10] - Cash flow from operating activities showed a net outflow of ¥30,406,886.25 in Q1 2021, an improvement from a net outflow of ¥98,659,911.06 in Q1 2020, reflecting better cash management[34] - The company reported cash inflow from operating activities of ¥523,649,858.54 in Q1 2021, compared to ¥418,994,379.79 in Q1 2020, marking an increase of about 25%[34] - The total cash outflow from financing activities in Q1 2021 was ¥95,265,079.16, compared to ¥620,553,510.26 in Q1 2020, showing a reduction of approximately 84.7%[35] - The cash flow from investment activities showed a net outflow of ¥26,049,092.81 in Q1 2021, compared to a smaller outflow of ¥12,686,287.00 in Q1 2020, reflecting increased investment activities[34] Shareholder Information - The number of shareholders at the end of the reporting period was 65,753[8] - Shareholders' equity increased to ¥2,124,059,625.49 from ¥2,100,453,395.13, reflecting a growth of 1.1%[24] Other Income and Expenses - The company reported a decrease in other income to RMB 3,939,758.99, down 80.95% from RMB 20,679,888.05, mainly due to reduced government subsidies[12] - Investment income for Q1 2021 was ¥5,136,813.73, a significant recovery from a loss of ¥2,993,163.11 in Q1 2020[28] - Research and development expenses were recorded at ¥605.00, indicating ongoing investment in innovation despite financial losses[28] - The company reported a total of ¥3,939,758.99 in other income for Q1 2021, down from ¥20,679,888.05 in Q1 2020[28]

Financial Performance - Operating revenue for the first nine months was ¥948,221,322.43, a decrease of 12.70% year-on-year[6] - Net profit attributable to shareholders was a loss of ¥90,351,316.70, compared to a loss of ¥84,939,097.78 in the same period last year[6] - The weighted average return on net assets decreased by 0.23 percentage points to -4.38%[6] - Basic and diluted earnings per share were both -¥0.15, compared to -¥0.14 in the same period last year[7] - The company's net profit for Q3 2020 was CNY 10,533,578.72, a significant decrease compared to a net loss of CNY 23,769,836.35 in Q3 2019[27] - Total revenue for Q3 2020 reached CNY 238,517,054.25, up from CNY 200,208,922.95 in Q3 2019, representing an increase of approximately 19%[30] - The net profit for the first three quarters of 2020 was RMB 609,113.92, compared to RMB 530,729.25 in the same period of 2019, indicating an increase of about 14.66%[26] - Total revenue for the first three quarters of 2020 was CNY 955,476,769.53, a decrease of 16.5% compared to CNY 1,144,553,285.05 in the same period of 2019[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,727,696,463.93, an increase of 2.86% compared to the previous year[6] - The total liabilities rose to ¥3,677,808,303.82 from ¥3,434,369,860.61, indicating increased financial obligations[19] - The company's equity attributable to shareholders decreased to ¥2,018,859,301.79 from ¥2,104,452,464.43, reflecting a decline in retained earnings[19] - Current assets totaled RMB 668,621,326.26, up from RMB 450,150,771.28 in the previous year, indicating a significant increase of about 48.7%[22] - Total liabilities reached RMB 3,328,443,465.27, compared to RMB 3,083,891,144.65 in the previous year, reflecting an increase of approximately 7.95%[23] - Long-term borrowings rose significantly to RMB 401,300,000.00 from RMB 147,400,000.00, indicating an increase of approximately 172.5%[23] - Current liabilities totaled CNY 2,607,873,025.55, while non-current liabilities were CNY 826,496,835.06, leading to total liabilities of CNY 3,434,369,860.61[41] Cash Flow - Cash flow from operating activities showed a net outflow of ¥139,563,203.57 for the first nine months, compared to a net outflow of ¥8,171,083.76 in the previous year[6] - Operating cash flow for the first three quarters of 2020 showed a net outflow of CNY -139,563,203.57, compared to a net outflow of CNY -8,171,083.76 in the previous year[35] - The company raised CNY 2,652,160,000.00 through borrowings in the first three quarters of 2020, up from CNY 1,353,000,000.00 in the same period of 2019[37] - The net cash flow from financing activities for the first three quarters of 2020 was CNY 351,527,247.29, compared to CNY 49,809,086.04 in the previous year[38] - The company reported a cash outflow of CNY 1,155,257,984.50 from operating activities in the first three quarters of 2020, compared to CNY 1,174,406,567.52 in the same period of 2019[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,256[10] - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 58.75% of the shares[10] Government Subsidies and Other Income - The company received government subsidies amounting to ¥46,606,089.59 during the first nine months[8] - Other income surged by 657.42% to ¥46,606,089.59 from ¥6,153,303.53, primarily due to increased government subsidies received[12] - Other income for Q3 2020 was CNY 20,968,177.45, significantly higher than CNY 1,145,176.53 in Q3 2019[30] Expenses - Sales expenses decreased by 3.98% to ¥231,417,496.89 from ¥241,002,328.60, mainly due to reduced wages and related costs[12] - Management expenses fell by 6.44% to ¥86,067,925.11 from ¥91,987,601.88, also driven by lower wage expenses[12] - Financial expenses decreased by 6.79% to ¥75,652,929.43 from ¥81,163,110.97, reflecting a reduction in loan interest costs[12] - Operating costs for Q3 2020 were CNY 140,786,668.69, an increase from CNY 121,604,363.20 in Q3 2019[30] Accounting Standards - The company is undergoing adjustments in accounting standards effective from January 1, 2020, which may impact revenue recognition[41] - The company implemented new revenue recognition standards starting January 1, 2020, which may impact future financial reporting[46]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥657.52 million, a decrease of 17.88% compared to ¥800.72 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was a loss of approximately ¥101.17 million, compared to a loss of ¥62.42 million in the same period last year[17]. - The basic earnings per share for the first half of 2020 was -¥0.17, compared to -¥0.10 in the same period last year[16]. - The weighted average return on equity decreased to -4.92%, down 1.88 percentage points from -3.04% in the same period last year[16]. - The net loss for the first half of 2020 was ¥101,299,371.09, compared to a net loss of ¥62,287,539.26 in the first half of 2019, representing a 62.8% increase in losses[73]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.81 billion, an increase of 4.29% from ¥5.57 billion at the end of the previous year[17]. - The company's total liabilities increased to ¥3,435,934,933.71, up from ¥3,083,891,144.65, indicating a rise of 11.4%[70]. - The total equity decreased to ¥2,044,065,577.72 from ¥2,089,314,673.06, reflecting a decline of 2.2%[70]. - The total current assets increased to CNY 752,213,927.16 from CNY 450,150,771.28, reflecting a growth of about 67.1%[68]. - The total liabilities amounted to CNY 3,768,653,370.67, up from CNY 3,434,369,860.61, which is an increase of about 9.7%[66]. Cash Flow - The net cash flow from operating activities for the first half of 2020 was approximately -¥101.80 million, compared to -¥76.67 million in the same period last year[17]. - Cash flow from operating activities showed a net outflow of ¥101,803,379.94, worsening by 32.78% compared to the previous year[25]. - The company's cash and cash equivalents increased by 218.48% to ¥397,527,126.47, primarily due to an increase in short-term borrowings[28]. - The net increase in cash and cash equivalents for the first half of 2020 was CNY 246,175,936.69, compared to a decrease of CNY -74,638,369.60 in the same period of 2019[79]. - Cash inflow from financing activities was CNY 1,949,110,000.00, an increase of 23.9% from CNY 1,570,400,000.00 in the same period of 2019[79]. Operational Highlights - The company operates in urban pipeline gas, municipal engineering, vehicle gas, and clean energy development sectors[20]. - The company has a monopoly in its gas supply and user development within its designated operating areas[20]. - The company plans to invest in comprehensive energy utilization projects in the future, focusing on natural gas for residential and commercial heating and cooling[20]. - The overall demand for urban pipeline gas is expected to maintain stable growth due to economic development and urbanization[22]. - The company is actively promoting clean energy initiatives, such as "coal-to-gas" projects, to enhance residential living standards and environmental quality[22]. Research and Development - Research and development expenses increased by 30.96% to ¥1,081,891.97, reflecting a focus on new projects[25]. - Internal research and development expenditures during the research phase are expensed as incurred, while development phase expenditures can be capitalized as intangible assets if specific criteria are met[152]. Shareholder Information - The total number of shareholders at the end of the reporting period is not disclosed[53]. - The top ten shareholders hold a total of 357,810,876 shares, representing 58.75% of the total shares[55]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 357,810,876 shares, with 79,410,876 shares under lock-up conditions[55]. Legal and Regulatory Matters - The company faced a significant lawsuit involving a contract dispute, with a court ruling for compensation of 6.6 million yuan, and is currently negotiating with judicial authorities and creditors[38]. - The company has not reported any changes in its accounting policies or estimates during the reporting period, adhering to the new revenue standards effective from January 1, 2020[48]. Poverty Alleviation Initiatives - The company has implemented a poverty alleviation plan in Wanglong Village, focusing on pandemic response and agricultural support, with a total of 84 registered poor households lifted out of poverty[42]. - The company aims to achieve a revenue target of 100,000 yuan from its photovoltaic project in 2020 as part of its ongoing poverty alleviation efforts[46]. - The company has invested approximately 5.167 million yuan in poverty alleviation initiatives, including 4.967 million yuan in asset income projects[44]. Accounting Policies - The company has implemented changes in accounting policies to align with the latest accounting standards, affecting the presentation of contract assets and liabilities[171]. - The accounting policies and estimates comply with the requirements of enterprise accounting standards, ensuring a true and complete reflection of the company's financial information[102]. - The company uses Renminbi as its functional currency for accounting purposes[105].

证券代码：600333 证券简称：长春燃气 公告编号：2020-019 长春燃气股份有限公司 关于参加投资者网上集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的互动交流，长春燃气股份有限公司（以下简称"公 司"）将参加由吉林证监局、吉林省证券业协会、深圳市全景网络有限公司共同 举办的"提高公司质量 做受尊敬的上市公司——2020 年吉林辖区上市公司投资 者网上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与公司 本次投资者集体接待日活动，时间为 2020 年 8 月 21 日（周五）15:30 至 17:00。 届时公司董事长张志超、总经理梁永祥、董事会秘书孙树怀、财务总监佟韶 光将通过网络在线问答互动的形式，与投资者就公司治理、发展经营状况、融资 情况和可持续发展等投资者关注的问题进行交流，实时回答投资者的提问。 欢迎广大投资者积极参与 ...

Financial Performance - The company's operating revenue for 2019 was CNY 1,733,320,223.81, representing a 10.51% increase compared to CNY 1,568,483,156.13 in 2018[21] - The net profit attributable to shareholders was CNY 9,582,825.13, a significant recovery from a loss of CNY 70,001,183.44 in the previous year[21] - The net cash flow from operating activities increased to CNY 122,540,926.67, a remarkable rise of 1,289.90% from CNY 8,816,534.93 in 2018[21] - The total assets at the end of 2019 were CNY 5,568,636,491.04, a slight decrease of 1.05% from CNY 5,627,641,581.87 in 2018[21] - The company's net assets attributable to shareholders increased to CNY 2,104,452,464.43, reflecting a 0.82% growth from CNY 2,087,287,554.64 in 2018[21] - Basic earnings per share improved to CNY 0.02, recovering from a loss of CNY 0.11 per share in 2018[22] - The company reported a total revenue of approximately ¥1,821,881,011.71 for the year, with a year-on-year increase of 77.5% compared to ¥1,027,740,246.73 in the previous year[58] - The company reported a net profit of CNY 9,582,825.13, a significant recovery from a loss of CNY 70,001,183.41 in 2018[70] - The company reported a total profit for 2019 of CNY 229,732,426.21, compared to a loss of CNY 114,269,923.86 in the previous year[165] Sales and Revenue Growth - The company achieved a sales volume of 450 million cubic meters of natural gas in 2019, representing a growth of approximately 6% compared to the previous year[40] - The total sales revenue for the year reached 1.733 billion yuan, an increase of 10.52% year-on-year[40] - The company reported a significant increase in natural gas sales volume and revenue, contributing to the turnaround in profitability[22] - The company aims to increase gas sales volume continuously, leveraging the historical opportunity presented by the arrival of Russian gas, with a focus on projects like "coal-to-gas" and "clean heating" in 2020[64] - The company anticipates a substantial increase in natural gas sales due to the government's efforts to regulate bottled liquefied gas supply and promote pipeline gas usage[62] Operational Efficiency and Costs - Operating costs amounted to 1.179 billion yuan, which is an increase of 8.4% from the previous year[40] - The gross profit margin for gas sales decreased by 1.17 percentage points to 29.26%[45] - The company’s financial expenses rose by 33.89% to 106.97 million yuan, primarily due to increased loan balances and higher interest rates[49] - The company reported a depreciation expense of CNY 146.79 million for fixed assets in 2019, which significantly impacts total profit and expenses, indicating a potential risk of material misstatement[141] Investments and Capital Structure - Total long-term equity investment for the year 2019 amounted to 1.394 billion CNY, primarily for the establishment of a subsidiary for high-pressure gas business and capital increases for existing subsidiaries[56] - The registered capital of Dehui Company increased from 20 million CNY to 60 million CNY, an increase of 40 million CNY[56] - The registered capital of Changbai Mountain Company increased from 30 million CNY to 60 million CNY, an increase of 30 million CNY[56] - The registered capital of Jilin Peak Company increased from 20 million CNY to 100 million CNY, an increase of 96 million CNY[56] - The company’s registered capital increased to CNY 609,030,684.00 after a non-public offering of 79,410,876 shares[191] Government Policies and Market Environment - The government is promoting clean heating initiatives, providing favorable development opportunities for the gas industry, particularly in the northern regions[32] - The government is promoting the "coal-to-gas" initiative, which is expected to drive significant growth in natural gas demand in Changchun, providing new opportunities for the company's gas business[60] - The company completed the price adjustment for residential gas in Changchun, which was supported by government subsidies[22] - The company received a government gas price subsidy of 35.47 million yuan during the reporting period[39] Social Responsibility and Community Engagement - The company completed poverty alleviation tasks for 32 registered poor households and 5 marginal poor households, totaling 86 individuals[86] - The company established a machinery cooperative, generating an income of CNY 67,800 in 2019, with 90% allocated for dividends to poor households, averaging CNY 697 per person[86] - The company provided financial assistance to 2 eligible students from poor households, with a subsidy of CNY 1,500 per semester[88] - The company coordinated agricultural technology training for villagers, aiding labor transfer and skill development[88] - The company is actively engaged in social responsibility, providing safe energy, environmental protection, and employee growth initiatives[94] Risk Management and Compliance - There were no significant operational risks impacting the company's performance during the reporting period[7] - The company has no major litigation or arbitration matters reported for the year[79] - The company has maintained compliance with commitments made by its controlling shareholders regarding share transfers[72] - The company has not faced any risks of suspension or termination of its listing status[78] - The company is focused on maintaining compliance with industry standards and regulations[121] Employee and Governance Structure - The company has a total of 12,278 employees as of the reporting period[115] - The total remuneration for the chairman, Zhang Zhichao, during the reporting period was 5,891,601.8 CNY[113] - The total remuneration for the general manager, Liang Yongxiang, during the reporting period was 5,911,761.8 CNY[113] - The company has made strategic appointments to enhance its governance structure and operational efficiency[120] - The employee composition includes 1,829 production personnel, 57 sales personnel, 453 technical personnel, 75 financial personnel, 179 administrative personnel, 28 human resources personnel, and 19 others[122] Financial Reporting and Audit - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[138] - The financial statements are prepared in accordance with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[196] - The company adjusted its financial reporting format, splitting "accounts receivable" and "accounts payable" into separate line items, with no impact on net profit or shareholder equity[76]