Financial Performance - The company's operating revenue for the first half of 2017 was approximately CNY 662.78 million, representing a 17.23% increase compared to CNY 565.35 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2017 was approximately CNY 12.96 million, a significant increase of 847.85% from CNY 1.37 million in the previous year[16]. - The basic earnings per share for the first half of 2017 was CNY 0.02, up from CNY 0.003 in the same period last year[17]. - The weighted average return on equity increased to 0.80% from 0.09% in the previous year, marking an increase of 0.71 percentage points[17]. - The company achieved a sales revenue of 663 million RMB, representing a 17.23% increase compared to the same period last year[28]. - Natural gas sales volume increased by 21% year-on-year, with natural gas gross profit rising by 19%, accounting for 76% of total operating profit[27]. - The company reported a total profit of CNY 8,768,529.31, compared to a loss of CNY 1,334,339.33 in the same period last year[75]. - The net profit for the first half of 2017 reached CNY 11,730,501.88, a significant recovery from a net loss of CNY 1,498,100.60 in the previous year[77]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 14.55 million, a decrease of 136.60% compared to a positive cash flow of CNY 39.75 million in the same period last year[16]. - The company’s cash flow from financing activities increased significantly to 707 million RMB, a 2,270.51% increase compared to the previous year[28]. - The total assets at the end of the reporting period were approximately CNY 5.77 billion, an increase of 12.41% from CNY 5.13 billion at the end of the previous year[16]. - The total assets amounted to CNY 5,465,017,474.28, compared to CNY 4,829,800,703.68 in the previous year[74]. - Current assets increased to ¥1,218,922,382.78 from ¥668,911,931.62, representing an increase of approximately 82%[68]. - Cash and cash equivalents rose significantly to ¥656,618,421.68 from ¥146,671,874.43, marking an increase of about 348%[68]. - Total liabilities rose to ¥3,600,899,931.80 from ¥3,495,630,491.43, an increase of approximately 3%[69]. - Total equity increased to ¥2,164,500,112.62 from ¥1,633,439,367.76, reflecting a growth of approximately 32%[70]. Investments and Subsidiaries - The company has signed long-term supply contracts with major upstream suppliers, ensuring sufficient gas source security[24]. - The company has a diversified portfolio of subsidiaries engaged in gas distribution and installation services across multiple regions[33]. - The subsidiary Changchun Gas (Yanhui) Co., Ltd. reported total assets of CNY 204.16 million and a net profit of CNY 2.35 million[33]. - The company’s investment in external equity increased by 50% to 4.5 million RMB during the reporting period[32]. - The company completed a private placement of 79,410,876 shares, raising a total of RMB 525.7 million, with a net amount of RMB 516.76 million after deducting issuance costs[43]. Shareholder and Capital Structure - The registered capital of the company increased to RMB 1,021.9 million following a capital increase by its controlling shareholder, with the government holding 40.83% and other investors holding the remaining shares[44]. - The total number of shares after the issuance is 609,030,684, with 79,410,876 shares being subject to restrictions, representing 13.04% of the total[46]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 79,410,876 shares, representing 58.75% of the total shares[52]. - The company’s controlling shareholder committed not to transfer or sell 79,410,876 shares acquired during the non-public offering until July 2020[37]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, indicating the company has sufficient financial resources for at least the next 12 months[106]. - The company adheres to accounting standards, ensuring that financial reports accurately reflect its financial position and operating results[108]. - The company has a consolidated financial reporting method that includes all controlled subsidiaries[113]. - The company’s accounting policies include provisions for bad debts, inventory measurement, and depreciation methods for fixed assets[107]. Risk Management and Provisions - The company recognized a bad debt provision of CNY 938,688.99 during the period, with no recoveries or reversals reported[174]. - The provision for bad debts for accounts receivable is 89.94%, indicating a high level of risk associated with these receivables[182]. - The company conducts impairment tests on long-term assets, including equity investments and fixed assets, whenever there are signs of impairment, with the recoverable amount being the higher of fair value less costs to sell and present value of future cash flows[148]. Operational Highlights - The company operates in nine cities with a monopoly on urban pipeline gas supply, relying entirely on natural gas sourced from major suppliers like PetroChina and Sinopec[21]. - The company is focusing on the development of clean energy projects, targeting industrial clients for comprehensive energy supply solutions[21]. - The company has a complete industrial chain for municipal construction projects, including design, construction, and supervision capabilities[21].

Financial Performance - The company's operating revenue for 2016 was CNY 1,301,847,533.24, a decrease of 14.00% compared to CNY 1,513,744,497.74 in 2015[20] - The net profit attributable to shareholders for 2016 was CNY 62,755,655.37, a significant recovery from a loss of CNY 326,987,472.56 in 2015[20] - The net cash flow from operating activities for 2016 was CNY 138,191,355.07, improving from a negative cash flow of CNY 91,690,091.45 in 2015[20] - Total assets at the end of 2016 were CNY 5,129,069,859.19, an increase of 7.88% from CNY 4,754,347,276.99 at the end of 2015[20] - The basic earnings per share for 2016 was CNY 0.12, recovering from a loss of CNY 0.62 in 2015[21] - The weighted average return on equity for 2016 was 3.94%, a recovery from -18.83% in 2015[21] - The company reported a total revenue of approximately CNY 1.45 billion, with a net profit of CNY 840 million, reflecting a profit increase of 25% compared to the previous year[56] - The company aims for a natural gas sales volume increase of no less than 20% in 2017, driven by the development of urban pipeline gas and vehicle gas businesses[58] Cash Flow and Financing - The company reported a net cash flow from operating activities of CNY 138.19 million, a significant recovery from a negative cash flow of CNY 91.69 million in the previous year[36] - Investment cash flow decreased to -¥488,862,061.82 from -¥523,801,863.50, primarily due to reduced capital expenditures on fixed assets and intangible assets[46] - Financing cash flow decreased by 85.97% to ¥114,680,402.31 from ¥817,216,362.08, mainly due to increased cash payments for debt repayment[46] - The company received CNY 1,319,637,500.00 from borrowings, an increase from CNY 977,004,958.34 in the previous year, showing increased reliance on debt financing[147] - The total cash outflows from financing activities were 1,307,138,097.69 RMB, significantly higher than 615,588,596.26 RMB in the previous year, representing a 111.4% increase[150] Assets and Liabilities - Total assets as of December 31, 2016, amounted to CNY 4,829,800,703.68, an increase from CNY 4,603,029,694.79 at the beginning of the year[138] - Total liabilities as of December 31, 2016, were CNY 3,334,567,964.23, up from CNY 3,082,343,470.91 at the start of the year[138] - The company's total equity reached RMB 1.633 billion at the end of 2016, up from RMB 1.600 billion at the beginning of the year, reflecting a growth of approximately 2.1%[135] - The company's current ratio decreased from 40.60% in 2015 to 26.06% in 2016, a decline of 14.54% due to a reduction in cash[123] - The company's quick ratio also fell from 27.58% in 2015 to 13.20% in 2016, a decrease of 14.38% attributed to reduced cash reserves[123] Operational Efficiency and Strategy - The company is focusing on enhancing operational efficiency and innovation as part of its 2017 strategy, termed "Quality, Innovation, Excellence"[58] - The company is actively pursuing the "coal-to-gas" project to promote cleaner energy utilization[58] - The company has implemented safety management improvements, leading to a better safety record and proactive risk management[30] - The company has signed long-term supply contracts with major suppliers, ensuring stable gas source availability[30] - The company is prioritizing the development of urban pipeline gas and vehicle gas businesses as part of its strategic focus[57] Governance and Compliance - The company has no violations in decision-making procedures for providing guarantees[8] - The company has not encountered any violations regarding insider information management and has implemented strict confidentiality measures[5] - The company has established a dedicated team for information disclosure, ensuring compliance with relevant regulations and equal access to information for all shareholders[5] - The board of directors and supervisory board operate in compliance with legal requirements, ensuring effective governance and decision-making[110] Employee and Management - The total number of employees in the parent company and major subsidiaries is 2,849, with 1,707 in the parent company and 1,142 in subsidiaries[105] - The company implemented a performance-oriented dynamic salary system to align employee compensation with corporate goals[106] - A total of 40,948 training sessions were conducted, with employees accumulating 190,932 hours of training, averaging 66 hours per employee[107] - The total compensation for the chairman Zhang Zhichao is 8,711,820.5 CNY[96] - The total remuneration for all directors, supervisors, and senior management was 7.178 million yuan for the reporting period[103] Risks and Challenges - The company has identified risks including a slowdown in the Northeast economy and increased competition from alternative energy sources, which may impact natural gas sales[59] - The company has faced challenges in developing large commercial customer markets due to upstream suppliers' direct supply strategies, affecting its bargaining power[59] Social Responsibility - The company actively engages in social responsibility initiatives, including environmental protection and resource conservation[75] - The company has been involved in the renovation of old pipelines to address urban safety issues[75] - The company promotes the efficient use of clean energy through product structure adjustments[75]

Financial Performance - Operating revenue rose by 10.80% to CNY 383,977,259.30 year-on-year[6] - Net profit attributable to shareholders decreased by 16.72% to CNY 18,436,932.47 compared to the same period last year[6] - Basic earnings per share fell by 25.00% to CNY 0.03[6] - Operating revenue increased significantly, leading to a 110.79% rise in business taxes and surcharges to ¥1,403,150.07 compared to ¥665,671.06 in the same period last year[15] - Financial expenses rose by 51.82% to ¥15,628,472.31, primarily due to increased loan amounts and corresponding interest expenses[15] - Total operating revenue for Q1 2017 was CNY 383,977,259.30, an increase of 10.8% compared to CNY 346,564,636.41 in the same period last year[26] - Total operating costs for Q1 2017 were CNY 378,288,501.08, up from CNY 337,732,753.51, reflecting a year-over-year increase of 12.0%[26] - Net profit for Q1 2017 was CNY 17,188,411.42, down from CNY 20,321,108.80, representing a decrease of 15.5% year-over-year[28] - The company reported an investment income of CNY 9,529,366.75, slightly down from CNY 10,582,610.77, a decrease of 9.9% year-over-year[26] - The company reported a total profit of CNY 18,725,006.76 for Q1 2017, slightly up from CNY 18,551,550.78 in Q1 2016, reflecting a growth of about 0.9%[30] Cash Flow - Net cash flow from operating activities turned negative at CNY -4,860,984.63, a decline of 110.69% from the previous year[6] - Cash inflow from operating activities totaled CNY 395,225,698.26, compared to CNY 363,335,787.80 in the previous year, reflecting an increase of approximately 8.8%[33] - Cash received from other operating activities surged by 340.40% to ¥12,549,645.72, attributed to an increase in temporary receipts during the reporting period[17] - Cash paid for purchasing goods and services increased by 44.56% to ¥290,981,899.09, reflecting higher sales revenue[17] - Cash paid for various taxes rose by 97.62% to ¥17,575,753.40, driven by an increase in taxable amounts during the reporting period[17] - The net cash flow from operating activities was negative at CNY -4,860,984.63, a significant decline from CNY 45,474,178.61 in Q1 2016[33] - Cash and cash equivalents at the end of the period stood at CNY 115,631,141.77, down from CNY 279,504,708.77 at the end of the previous year, a decrease of about 58.6%[34] - The net cash flow from financing activities was CNY 45,067,265.44, up from CNY 18,916,481.74 in the previous year, representing an increase of approximately 138.5%[34] Assets and Liabilities - Total assets increased by 1.25% to CNY 5,193,301,224.96 compared to the end of the previous year[6] - Total liabilities amounted to ¥3,542,001,124.87, compared to ¥3,495,630,491.43 at the start of the year, reflecting an increase in financial obligations[23] - The company's total assets as of March 31, 2017, were CNY 4,903,911,471.59, compared to CNY 4,829,800,703.68 at the beginning of the year, showing an increase of 1.5%[25] - Current liabilities totaled CNY 2,483,626,997.09, an increase from CNY 2,427,698,000.21 at the beginning of the year, reflecting a rise of 2.3%[25] - Total assets reached ¥5,193,301,224.96, up from ¥5,129,069,859.19 at the beginning of the year[21] Shareholder Information - The number of shareholders reached 47,768 at the end of the reporting period[9] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[9] Inventory and Other Assets - Accounts receivable increased by 40.49% to CNY 69,528,008.37 due to an increase in credit sales[13] - Other current assets rose by 38.34% to CNY 17,322,578.14, primarily due to an increase in deductible input tax[13] - The company's inventory increased to CNY 161,755,781.87 from CNY 148,495,737.09, reflecting an increase of 8.5%[24]

Financial Performance - Operating revenue decreased by 21.27% to CNY 823,016,084.36 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders increased by 309.91% to CNY 28,348,365.51 for the first nine months compared to the same period last year[6] - Basic earnings per share rose by 284.62% to CNY 0.05 compared to the same period last year[7] - Net profit rose significantly by 456.32% to ¥25,230,483.16 from ¥4,535,265.00, driven by increased contributions from core business operations[15] - Net profit for the first nine months of 2016 reached CNY 25,521,717.70, compared to a net profit of CNY 226,499.50 in the same period last year[32] - Total profit for Q3 2016 was CNY 19,806,200.93, a decrease of CNY 1,172,198.21 compared to the previous year[32] Cash Flow - The net cash flow from operating activities was CNY 116,608,695.47, a significant improvement from a negative cash flow of CNY 141,720,294.50 in the same period last year[6] - Cash flow from operating activities for the first nine months was CNY 116,608,695.47, a significant improvement from a negative cash flow of CNY 141,720,294.50 in the previous year[33] - Cash inflow from operating activities totaled CNY 980,044,863.07, while cash outflow was CNY 863,436,167.60, resulting in a net cash flow of CNY 116,608,695.47[33] - Total cash and cash equivalents at the end of the period were CNY 139,590,827.60, a decrease from CNY 319,693,132.74 at the end of the previous year[34] - The beginning balance of cash and cash equivalents was $280,864,866.62[38] - The ending balance of cash and cash equivalents was $59,446,277.21[38] Assets and Liabilities - Total assets increased by 2.23% to CNY 4,860,198,074.67 compared to the end of the previous year[6] - Total assets increased to ¥4,860,198,074.67 from ¥4,754,347,276.99, reflecting growth in both current and non-current assets[20] - Current liabilities rose to ¥2,321,459,688.31 from ¥2,230,974,285.08, influenced by an increase in short-term borrowings[21] - Total liabilities increased to CNY 3,143,884,721.28 from CNY 3,082,343,470.91 at the start of the year, reflecting a rise of 2%[25] - Non-current liabilities totaled CNY 919,835,397.33, up from CNY 905,977,268.75, indicating a growth of 1.9%[25] - Current assets decreased to CNY 654,408,542.56 from CNY 895,389,604.68, a decline of 27%[24] Shareholder Information - The total number of shareholders reached 44,556 at the end of the reporting period[12] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[12] Operating Costs and Expenses - Operating costs decreased by 36.36% to ¥484,108,122.95 from ¥760,736,003.91, mainly due to the shutdown of the coking business[14] - The company incurred operating expenses of CNY 863,436,167.60, compared to CNY 1,385,893,130.65 in the previous year[33] - Total operating costs for Q3 2016 were ¥244,157,281.16, a decrease of 15.6% from ¥289,380,124.23 in Q3 2015[28] - Sales expenses for Q3 2016 were ¥53,045,281.92, down 16.0% from ¥63,163,954.85 in Q3 2015[28] - Financial expenses for Q3 2016 increased to ¥14,913,829.18, up 88.5% from ¥7,905,933.33 in Q3 2015[28] Future Outlook - The company plans to issue non-public shares, with the application already approved by the China Securities Regulatory Commission[16] - The company expects a positive net profit for 2016, following a significant loss in 2015 due to the coking industry shutdown[17] - The company plans to continue focusing on expanding its market presence and enhancing operational efficiency in the upcoming quarters[36]

Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥565.35 million, a decrease of 23.05% compared to ¥734.65 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2016 was approximately ¥1.37 million, a significant improvement from a loss of ¥15.04 million in the same period last year[20]. - The company's operating revenue decreased from 734.65 million to 565.35 million, a decline of 23.05% due to reduced sales from coking and related products[27]. - The company reported a net loss of CNY 1,498,100.60 for the first half of 2016, an improvement from a net loss of CNY 17,397,780.35 in the same period last year[78]. - The total profit for the first half of 2016 was CNY 5,193,754.72, a decrease from CNY 5,566,212.72 in the same period last year, representing a decline of approximately 6.7%[81]. - The net profit for the first half of 2016 was CNY 5,908,731.19, down from CNY 6,432,462.59, indicating a decrease of about 8.1% year-over-year[81]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of approximately ¥39.75 million, a recovery from a negative cash flow of ¥181.33 million in the same period last year[20]. - Operating cash flow for the first half of 2016 was CNY 39,754,506.34, a significant improvement compared to a negative cash flow of CNY -181,328,171.58 in the previous year[83]. - The total cash inflow from financing activities was CNY 512,496,000.00, down from CNY 722,420,000.00 in the previous year, indicating a decrease of approximately 29.1%[84]. - The total cash at the end of the period is CNY 132,279,493.65, a decrease from CNY 388,663,962.58 at the beginning of the period, representing a decline of approximately 66%[153]. Assets and Liabilities - The company's total assets as of June 30, 2016, were approximately ¥4.77 billion, reflecting a slight increase of 0.32% from the end of the previous year[20]. - Total liabilities increased from ¥3,154,377,954.29 to ¥3,196,780,216.17, a rise of approximately 1.3%[71]. - Total current assets decreased from ¥905,733,195.98 to ¥646,430,455.78, a decline of approximately 28.6%[69]. - Total non-current assets increased from ¥3,848,614,081.01 to ¥4,123,177,722.45, reflecting a growth of about 7.1%[70]. Investments and Capital Structure - The company has submitted a non-public A-share issuance plan to the China Securities Regulatory Commission, awaiting approval[28]. - The company has invested 3 million in external equity investments during the reporting period, a decrease of 64.71% from 8.5 million in the previous year[37]. - The company has a total of 12 subsidiaries, with varying levels of profitability and asset management[42]. - The company issued 68.1 million shares through a private placement, increasing its registered capital to 529,619,808.00 yuan, with the controlling shareholder holding 52.57% of the shares[98]. Operational Challenges and Adjustments - The company faced challenges including increased competition in the vehicle gas market and a decline in installation services due to a sluggish real estate market[23]. - The company has successfully completed the structural adjustment of its product offerings by ceasing the production and sale of artificial coal gas, which has positively impacted its profitability[23]. - The company experienced a significant increase in financial expenses due to a rapid growth in loan balances in recent years[23]. Revenue Recognition and Accounting Policies - The company recognizes revenue from the sale of natural gas based on retail meter readings and delivery confirmations, ensuring that revenue is recognized only when ownership risks and rewards have transferred to the buyer[143]. - The group applies a percentage method for bad debt provision on accounts receivable, with a 100% provision for certain risk categories[119]. - The company conducts impairment tests on long-term assets, including equity investments and fixed assets, whenever there are signs of impairment, with the recoverable amount being the higher of fair value less costs to sell and present value of future cash flows[135]. Shareholder Information - The company reported a total of 529,619,808 shares outstanding, with 496,019,808 shares being freely tradable, representing 93.66% of the total[58]. - The total number of shareholders reached 29,888 by the end of the reporting period[60]. - The largest shareholder, Changchun Gas Co., Ltd., holds 278,400,000 shares, accounting for 52.57% of the total shares[61]. Compliance and Governance - The company maintained compliance with corporate governance standards as per relevant laws and regulations[58]. - There were no changes in the company's accounting policies or significant errors corrected during the reporting period[58]. - The company has not reported any significant litigation or bankruptcy restructuring matters during the reporting period[51].

Financial Performance - Net profit attributable to shareholders increased by 883.82% to CNY 22,137,669.44 from CNY 2,250,184.36 in the same period last year[6] - Basic earnings per share increased by 900.00% to CNY 0.04 from CNY 0.004 in the previous year[6] - Net profit attributable to the parent company surged by 883.82% to CNY 22,137,669.44, driven by increased gross profit from main products[15] - Net profit for the first quarter was CNY 20,321,108.80, a significant increase from CNY 387,241.47 in the previous period, representing a growth of over 5,200%[26] - The company reported an operating profit of CNY 19,414,493.67, up from CNY 4,699,671.63, marking an increase of approximately 313%[26] Revenue and Costs - Operating revenue decreased by 17.33% to CNY 346,564,636.41 compared to CNY 419,204,250.39 in the previous year[6] - Operating costs decreased by 34.04% to CNY 208,734,855.47, primarily due to the suspension of coking products[15] - Operating revenue decreased to CNY 346,564,636.41 from CNY 419,204,250.39, a drop of approximately 17.3%[26] - Operating costs also fell to CNY 337,732,753.51 from CNY 423,797,137.24, a decrease of about 20.3%[26] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 45,474,178.61, a 195.48% increase from a negative CNY 47,627,572.34 in the same period last year[6] - Net cash flow from operating activities improved by 195.48% to CNY 45,474,178.61, mainly due to reduced purchasing expenses following the coking product suspension[16] - Cash flow from investing activities worsened by 69.28% to -CNY 167,548,130.45, primarily due to increased capital expenditures on fixed assets[16] - Cash flow from financing activities decreased by 91.37% to CNY 18,916,481.74, mainly due to reduced loans during the reporting period[16] - Cash inflow from operating activities decreased to CNY 363,335,787.80 in Q1 2016, down 21% from CNY 459,125,797.93 in Q1 2015[33] - Cash outflow from operating activities was CNY 317,861,609.19 in Q1 2016, a decrease of 37% compared to CNY 506,753,370.27 in Q1 2015[33] - Investment activities resulted in a net cash outflow of CNY -167,548,130.45 in Q1 2016, compared to CNY -98,977,377.19 in Q1 2015[33] - Financing activities generated a net cash inflow of CNY 18,916,481.74 in Q1 2016, down from CNY 219,190,498.74 in Q1 2015[34] Assets and Liabilities - Total assets increased by 2.00% to CNY 4,849,637,852.66 compared to the end of the previous year[6] - Total assets increased to CNY 4,849,637,852.66 from CNY 4,754,347,276.99, reflecting growth in both current and non-current assets[20] - Current liabilities rose to CNY 2,296,524,484.26 from CNY 2,230,974,285.08, with significant increases in other payables[21] - Total equity attributable to shareholders increased to CNY 1,597,067,719.35 from CNY 1,574,269,487.60, indicating a stable financial position[21] - Total liabilities rose to CNY 3,131,380,199.94 from CNY 3,082,343,470.91, indicating an increase of around 1.59%[24] Shareholder Information - The number of shareholders reached 35,673 at the end of the reporting period[10] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[10] Management and Strategy - Management expenses increased by 52.33% to CNY 47,112,039.10, attributed to adjustments related to the handling of legacy issues from the coking business suspension[15] - Financial expenses rose by 81.44% to CNY 10,294,251.07, mainly due to increased interest on liquidity loans during the reporting period[15] - The company plans to focus on market expansion and new product development to drive future growth[26] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[30]

Financial Performance - The company's operating revenue for 2015 was CNY 1,513,744,497.74, a decrease of 7.81% compared to CNY 1,641,925,573.00 in 2014[17]. - The net profit attributable to shareholders was a loss of CNY 326,987,472.56, a significant decline from a profit of CNY 20,047,489.78 in the previous year, representing a decrease of 1,731.06%[17]. - The company reported a cash flow from operating activities of -CNY 91,690,091.45, worsening from -CNY 31,183,032.96 in 2014[17]. - The basic earnings per share for 2015 was -CNY 0.62, a decrease of 1,650% from CNY 0.04 in 2014[18]. - The weighted average return on equity was -18.83%, a decrease of 1,876.42 percentage points from 1.06% in 2014[18]. - The company reported a total revenue of approximately CNY 1.25 billion for the year, with a net profit of CNY 213.5 million, representing a significant increase compared to the previous year[53]. - The net profit for 2015 was a loss of ¥283,956,986.87, compared to a profit of ¥27,655,041.97 in the previous year, indicating a significant decline in profitability[130]. - The total comprehensive income for the year was a loss of ¥283,956,986.87, compared to a gain of ¥27,655,041.97 in the previous year, highlighting a substantial downturn[130]. Asset and Liability Management - Total assets increased by 8.14% to CNY 4,754,347,276.99 at the end of 2015, compared to CNY 4,396,269,557.84 at the end of 2014[17]. - The company's total assets increased to CNY 4,603,029,694.79, up from CNY 4,175,929,746.29 in the previous year, representing a growth of 10.2%[125]. - Total liabilities increased to CNY 3,154,377,954.29 from CNY 2,464,946,681.74, reflecting a growth of about 27.9%[120]. - The company's total equity decreased to CNY 1,599,969,322.70 from CNY 1,931,322,876.10, a decline of about 17.2%[121]. - The company reported a total debt of CNY 42,525.56 million related to the gas company, with a net value of CNY 7,000 million recorded for the debt[70]. Operational Changes - The company ceased its coking business during the reporting period, which significantly impacted profits and other financial metrics[19]. - The company has been transitioning its product structure by replacing coal gas with natural gas, leading to a decline in overall sales revenue[19]. - The company completed the adjustment of its product structure, replacing 625,000 artificial gas users and constructing a high-pressure pipeline network[31]. - The company is actively pursuing the "coal-to-gas" project, which is expected to add 45 billion cubic meters of gas demand by replacing coal boilers in urban areas[55]. Revenue Segmentation - Gas segment revenue reached ¥778.72 million, with a gross margin of 31.55%, showing a year-over-year decrease of 0.44%[37]. - The gas installation segment reported revenue of ¥396.82 million, a significant increase of 23.62% year-over-year, with a gross margin of 36.39%[37]. - Metallurgical coke revenue fell to ¥210.39 million, with a gross margin of only 0.64%, reflecting a substantial year-over-year decline of 47.71%[37]. - Chemical products revenue decreased to ¥22.04 million, with a gross margin of 29.42%, down 71.56% year-over-year[37]. Cash Flow and Financing - The company recorded a significant increase in financial expenses, rising by 293.31% to CNY 36.78 million from CNY 9.35 million in 2014[34]. - The company reported a net cash inflow from financing activities of ¥817,216,362.08, an increase from ¥439,547,586.59 in the previous year, reflecting improved financing conditions[133]. - The cash outflow from financing activities totaled $615,588,596.26, which is a 100% increase compared to the previous year[137]. - The company received cash from borrowings amounting to ¥977,004,958.34, significantly higher than ¥435,000,000.00 in the previous year, indicating increased reliance on debt financing[132]. Risk Management - There were no significant risks impacting operations during the reporting period, and the company has outlined potential risks and countermeasures in the report[5]. - The company has identified risks including the slowdown of China's economic growth and potential supply disruptions due to upstream gas source issues[58]. Corporate Governance and Compliance - The company has submitted a formal rectification report to the Jilin Securities Regulatory Bureau regarding administrative regulatory measures[67]. - The internal control audit report issued by the accounting firm confirmed the effectiveness of the company's internal control system, with no significant deficiencies noted[103]. - The company has corrected its internal control procedures to ensure compliance with insider information management regulations following previous errors[67]. Employee and Management Structure - The company has a total of 2,916 employees, with 1,785 in the parent company and 1,131 in major subsidiaries[97]. - The company has established a performance-based compensation system to align employee interests with corporate goals, promoting a culture of "more work, more pay" and encouraging high performance[98]. - The board of directors and senior management have undergone changes, with new appointments including Jin Yonghao and Xue Lianmin as vice presidents[96]. Strategic Initiatives - The company is focusing on expanding its clean energy initiatives in response to government policies promoting natural gas usage[49]. - The company has established a strategic plan for the "13th Five-Year Plan" period, emphasizing the development of natural gas markets and capital operations[56]. - The company plans to enhance its service quality through the "Internet + gas service" technology platform, gaining public recognition[29].

Financial Performance - Operating revenue decreased by 14.44% to CNY 1,045,304,963.61 for the year-to-date period[7] - Net profit attributable to shareholders decreased by 36.16% to CNY 6,915,785.83 year-to-date[7] - The weighted average return on net assets decreased by 0.21 percentage points to 0.36%[7] - The basic earnings per share decreased by 35% to CNY 0.013[8] - Net profit decreased by 49.80% to ¥4,535,265.00, primarily due to increased interest expenses[14] - Other operating income fell by 40.12% to ¥905,324.88, mainly due to the absence of last year's disposal of tank truck income[14] - Total revenue for the third quarter was CNY 310,653,939.84, a decrease of 19.6% compared to CNY 386,419,381.38 in the same period last year[29] - Year-to-date revenue reached CNY 1,045,304,963.61, down from CNY 1,221,657,090.28 in the previous year, reflecting a decline of approximately 14.4%[29] - The total profit for the first nine months of 2015 was approximately ¥7.50 million, down from ¥15.34 million in the same period of 2014, representing a decline of 51.1%[30] - Net profit for Q3 2015 was approximately ¥21.93 million, compared to a net profit of ¥0.93 million in Q3 2014, indicating a significant increase[31] Cash Flow and Liquidity - Cash flow from operating activities showed a significant negative change, with a net outflow of CNY 141,720,294.50[7] - Cash received from operating activities decreased by 53.32% to ¥20,565,086.78, primarily due to reduced other receivables[15] - Cash paid for various taxes increased by 71.25% to ¥45,460,546.04, reflecting higher tax payments during the reporting period[15] - Cash received from borrowings increased by 44.93% to ¥500,000,000.00, due to an increase in bank loans[15] - Operating cash flow for the first nine months of 2015 was negative CNY 141,720,294.50, a decline from negative CNY 2,719,780.80 in the previous year[36] - Total cash inflow from operating activities was CNY 1,244,172,836.15, down from CNY 1,380,133,682.21 year-on-year[36] - Cash outflow from operating activities increased to CNY 1,385,893,130.65 from CNY 1,382,853,463.01 in the previous year[36] - The ending cash and cash equivalents balance was CNY 319,693,132.74, up from CNY 265,256,955.92 at the end of the previous year[37] - The company reported a net cash flow from operating activities of negative CNY 189,031,238.42, a significant decline from a positive CNY 17,089,112.43 in the previous year[38] - The company reported a net increase in cash and cash equivalents of 107,903,831.53, contrasting with a decrease of -70,604,185.60 in the previous year[39] Assets and Liabilities - Total assets increased by 11.74% to CNY 4,917,303,674.30 compared to the end of the previous year[7] - Current assets totaled CNY 943,667,071.65, an increase of 14.3% from CNY 824,992,384.05 at the beginning of the year[27] - Total liabilities amounted to CNY 2,974,373,817.71, compared to CNY 2,464,946,681.74 at the beginning of the year, representing an increase of 20.7%[24] - Non-current liabilities totaled CNY 1,107,203,483.46, up from CNY 668,917,804.88, marking a rise of 65.6%[24] - Owner's equity reached CNY 1,942,929,856.59, slightly up from CNY 1,935,588,876.10, indicating a marginal increase of 0.2%[24] - The company’s short-term borrowings increased by 70.18% to CNY 485,000,000.00 due to increased bank loans[12] Investments and Capital Expenditures - The company reported a significant increase in construction in progress by 41.54% to CNY 1,070,702,948.54, indicating ongoing investment in pipeline projects[12] - The company has ongoing investments in construction projects, with capital expenditures in progress amounting to CNY 1,058,753,987.72, up from CNY 762,578,394.61, indicating a growth of 38.8%[27] Financial Expenses and Taxation - Financial expenses increased by 334.72% to ¥20,554,113.64 due to higher interest costs from increased short-term loans[14] - Tax expenses decreased by 53.04% to ¥2,963,007.62, attributed to a reduction in taxable income[14] Shareholder Information - The number of shareholders reached 47,597, with the largest shareholder holding 52.57% of the shares[9]

Financial Performance - The company reported a revenue of CNY 734,651,023.77 for the first half of 2015, a decrease of 12.04% compared to the same period last year[17]. - The net profit attributable to shareholders was a loss of CNY 15,035,272.68, representing a decline of 273.97% year-on-year[17]. - The operating profit for the period was reported at -CNY 18,919,400, a significant drop from the previous year[24]. - The net loss for the first half of 2015 was ¥17,397,780.35, compared to a net profit of ¥8,105,302.92 in the previous year, indicating a significant decline[71]. - The total profit for the first half of 2015 was ¥5,566,212.72, down 73.94% from ¥20,885,084.50 year-on-year[74]. - The basic earnings per share were reported at -CNY 0.03, a decrease of 240.00% from the previous year[18]. - The company reported a significant increase in financial expenses to ¥12,648,180.31, compared to ¥1,162,675.73 in the same period last year[70]. Cash Flow and Liquidity - The operating cash flow for the period was a negative CNY 181,328,171.58, indicating a worsening cash flow situation[17]. - The net cash flow from operating activities was -¥181.33 million, worsening by 75.36% compared to -¥103.40 million in the previous year[26]. - The net cash flow from financing activities increased significantly by 825.28% to ¥449.92 million from ¥48.63 million year-on-year[26]. - The total cash inflow from financing activities reached 722,420,000.00 RMB, significantly up from 150,000,000.00 RMB in the prior period, reflecting increased borrowing and capital inflow[78]. - The cash and cash equivalents at the end of the period amounted to 258,382,065.86 RMB, an increase from 198,739,690.36 RMB in the previous period[78]. Assets and Liabilities - The total assets increased by 6.98% to CNY 4,707,600,950.48 compared to the end of the previous year[17]. - The company's net assets attributable to shareholders decreased by 0.64% to CNY 1,891,577,624.64[17]. - Current liabilities totaled ¥1,799,032,039.73, slightly up from ¥1,796,028,876.86, indicating a marginal increase of 0.06%[65]. - Non-current liabilities rose to ¥987,378,363.71 from ¥668,917,804.88, reflecting a significant increase of approximately 47.67%[65]. - Total liabilities increased to ¥2,786,410,403.44 from ¥2,464,946,681.74, indicating a rise of approximately 13.03%[65]. Investments and Projects - The company invested ¥8.5 million in Changchun Gas (Changbai Mountain Protection and Development Zone) Co., Ltd. during the reporting period[36]. - The company plans to complete the natural gas replacement project for all households in Changchun City by the end of 2015[29]. - The company has obtained gas pipeline operation rights in Changchun City and eight other cities, ensuring stable gas supply for customers[34]. - The company is focusing on expanding its market in vehicle gas and distributed energy projects, driven by environmental policies[35]. Subsidiary Performance - Changchun Gas (Dehui) Development Co., Ltd. reported a revenue of CNY 76.40 million with a net profit of CNY 2.04 million, reflecting a profit margin of approximately 2.67%[41]. - Changchun Gas (Yanji) Co., Ltd. experienced a revenue of CNY 149.95 million but reported a net loss of CNY 3.44 million, indicating a negative profit margin[41]. - The total revenue for Changchun Gas (Longjing) Co., Ltd. was CNY 98.39 million, with a net loss of CNY 3.37 million, resulting in a negative profit margin[41]. - The total revenue for Changchun Gas (Tumen) Co., Ltd. was CNY 40.80 million, with a net loss of CNY 2.56 million, reflecting a negative profit margin[41]. - Changchun Gas (Shuangyang) Co., Ltd. reported a revenue of CNY 91.10 million with a net loss of CNY 1.77 million, indicating financial difficulties[41]. Shareholder and Governance - The company has committed to not transferring or selling its shares during the non-public issuance period, ensuring stability in shareholding[48]. - The company has maintained compliance with corporate governance standards, enhancing its internal control systems[50]. - The top ten shareholders hold a total of 244,800,000 unrestricted shares, representing a significant portion of the company's equity[58]. - There were no significant changes in the board of directors or senior management during the reporting period[60]. Accounting Policies and Compliance - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[99]. - The financial statements are prepared based on the assumption of going concern, with no significant issues affecting the company's ability to continue operations for at least 12 months[97]. - The company has not made any changes to significant accounting policies or estimates during the reporting period[156]. Inventory and Receivables - The total inventory at the end of the period is RMB 451,168,756.25, with a provision for inventory depreciation of RMB 5,560,691.95[182]. - The accounts receivable at the end of the period totaled CNY 105,238,823.55, with a bad debt provision of CNY 15,667,709.09, indicating a provision ratio of approximately 14.91%[166]. - The company has a significant amount of bank acceptance notes receivable, totaling CNY 31,452,185.64 at the end of the period, up from CNY 20,124,000.00 at the beginning of the period, reflecting a growth of approximately 56.67%[162]. Impairment and Provisions - The company recognizes provisions for liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[144]. - The company has recognized a bad debt provision of RMB 1,483,525.95 during the current period[178]. - The provision for bad debts for receivables aged over five years is 100%, amounting to RMB 1,135,986.66[177].

Financial Performance - In 2014, the company achieved a net profit attributable to shareholders of 24.31 million yuan, a decrease of 36.35% compared to 2013[4]. - The company's operating revenue for 2014 was 1.64 billion yuan, down 6.14% from 1.75 billion yuan in 2013[26]. - The basic earnings per share for 2014 was 0.05 yuan, down 28.57% from 0.07 yuan in 2013[28]. - The weighted average return on equity decreased by 1.42 percentage points to 1.28% in 2014[28]. - The company reported a net profit of 9.10 million yuan after deducting non-recurring gains and losses, compared to a loss of 27.60 million yuan in 2013[27]. - The company reported a net profit for 2014 of CNY 20,768,693.20, a decline of 42.06% compared to CNY 36,037,265.75 in the previous year[163]. - The company reported a net profit attributable to shareholders of 1.4 billion, representing a year-over-year increase of 6.6%[176]. - The company reported a net profit attributable to shareholders of 2.19 billion, reflecting a decline of 1.9% year-over-year[175]. Cash Flow and Assets - The net cash flow from operating activities was -31.18 million yuan, indicating a decline in cash generation capabilities[27]. - The total assets of the company increased by 15.89% to 4.40 billion yuan at the end of 2014, compared to 3.80 billion yuan at the end of 2013[27]. - The net cash flow for 2014 was -CNY 20.26 million, a decrease of CNY 43.85 million year-on-year, with operating cash flow also declining by CNY 1.41 million[45]. - The total cash inflow from operating activities was CNY 1,395,000,827.52, a slight decrease of 1.5% compared to CNY 1,415,808,625.44 in the previous period[170]. - The ending cash and cash equivalents balance was CNY 180,937,771.74, down from CNY 383,546,709.67 in the previous year[170]. - Cash and cash equivalents dropped significantly to CNY 182,937,771.74 from CNY 383,546,709.67, a decrease of approximately 52.3%[156]. Revenue and Sales - Natural gas revenue increased by CNY 162.25 million, representing a growth rate of 35.24%[36]. - The company achieved operating revenue of CNY 1.64 billion in 2014, a decrease of 6.14% compared to the previous year[33]. - Natural gas sales revenue reached CNY 623 million, up 35.24% from the previous year, while mixed gas revenue decreased by 23.51% to CNY 160 million[46]. - The company’s operating income from the province decreased by 6.99% to CNY 1.22 billion, while income from outside the province decreased by 3.59% to CNY 419.20 million[51]. - The company reported a total revenue of approximately 1.14 billion RMB from natural gas pipeline transportation and supply[66]. Investments and Future Plans - The company plans not to distribute profits or increase capital from reserves for the 2014 fiscal year due to significant investment needs in 2015[4]. - The company is investing in new technology development, with a budget allocation of 500 million yuan for research and development in the upcoming year[64]. - The company plans to achieve a 15% increase in natural gas sales volume in 2015[68]. - The total funding requirement for ongoing projects, including natural gas replacement and high-pressure pipeline construction, is estimated at 1 billion RMB[69]. - The company is focusing on market expansion and new product development to drive future growth[163]. Market Position and Competition - The company has a monopoly in gas supply in several cities, including Changchun, ensuring stable revenue and cash flow[55]. - The company operates in a relatively monopolistic market for gas supply, facing competition primarily from alternative energy sources[66]. - The company is actively promoting clean energy initiatives, including the "coal-to-gas" project to improve urban air quality[68]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[113]. Shareholder and Governance - The company has modified its cash dividend policy to prioritize cash distribution to shareholders, ensuring transparency and compliance[71]. - The total number of shareholders increased to 54,172 by the end of the reporting period[99]. - The company has a commitment from its controlling shareholder to unlock 24.48 million shares for trading after a three-year lock-up period following the completion of the share reform in October 2014[76]. - The company continues to prioritize transparency in its reporting of shareholding and compensation practices[111]. Operational Efficiency and Cost Management - Operational efficiency improvements have led to a 10% reduction in costs, contributing to higher net profit margins[64]. - The company has implemented cost-cutting measures expected to save approximately 200 million annually[175]. - Operating expenses increased by 4.2% to 800 million, primarily due to higher marketing costs associated with new product launches[176]. Research and Development - Research and development expenses increased by 30%, totaling $150 million, focusing on sustainable energy technologies[113]. - The company is investing 1.2 billion in new product development and technology research[177]. - Research and development expenses have increased by 20%, totaling 600 million, to support new technology initiatives[175]. Corporate Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on safety, environmental protection, and community engagement[73]. - The company is committed to sustainability, with plans to reduce carbon emissions by 50% over the next five years[118].