Financial Performance - The net profit attributable to shareholders for 2022 was CNY 25,491,689.19, a decrease of 85.54% year-on-year[5]. - The net profit for the parent company in 2022 was CNY 20,621,049.04, down 51.44% compared to the previous year[5]. - The company plans to not distribute profits for 2022, with no cash dividends or stock bonuses proposed[5]. - The statutory surplus reserve fund for 2022 was CNY 2,062,104.90, representing 10% of the net profit[5]. - As of the end of 2022, the undistributed profits of the parent company amounted to CNY 709,796,236.91[5]. - The company's operating revenue for 2022 was CNY 6,163,167,090.48, representing a 21.14% increase compared to CNY 5,087,656,198.23 in 2021[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 92.61% to CNY 12,194,168.81 from CNY 164,906,717.36 in 2021[25]. - The net cash flow from operating activities increased by 50.17% to CNY 480,008,045.35 compared to CNY 319,645,837.36 in 2021[25]. - The total assets at the end of 2022 were CNY 10,309,539,088.99, a 2.41% increase from CNY 10,066,968,698.10 at the end of 2021[25]. - The basic earnings per share for 2022 were CNY 0.02, down 86.67% from CNY 0.15 in 2021[26]. - The diluted earnings per share also decreased by 86.67% to CNY 0.02 from CNY 0.15 in the previous year[26]. - The weighted average return on equity for 2022 was 0.86%, a decline of 5.17 percentage points from 6.03% in 2021[26]. Operational Challenges - The company faced challenges in gas supply and rising procurement costs, impacting profitability in the first three quarters of 2022[25]. - The revenue from gas engineering installation services decreased due to a reduction in new housing deliveries, affecting overall profit margins[25]. - The company faced challenges in securing low-cost pipeline gas resources, leading to high-priced spot gas procurement to meet demand[38]. - The company is actively advancing gas infrastructure projects to enhance supply capacity and network coverage, addressing the growing user demand[39]. - The company is exploring opportunities in renewable energy and transitioning towards a comprehensive energy supplier, including projects in distributed energy and solar power[43]. Investment and Expansion - The company expanded its franchise operation rights to five towns in Renhuai City, increasing its franchise areas to 38, further enhancing its market share in Guizhou Province[35]. - The company is actively investing in the construction of natural gas branch pipelines and related facilities to meet future demand for over 10 years[49]. - The company has established 4 natural gas branch pipelines in Guizhou province, covering 37 specific areas and one area outside the province[44]. - The company is committed to expanding its market presence and enhancing its service offerings in response to evolving consumer energy needs[103]. - The company plans to sell 1.86 billion cubic meters of natural gas in 2023, targeting a revenue of 7 billion yuan and a total profit of 186 million yuan[107]. - The company is focusing on expanding into new regions and user bases to increase market share[106]. Corporate Governance - The company has implemented a performance evaluation and incentive mechanism for senior management, linking personal compensation to company performance[119]. - The board of directors held 8 meetings during the reporting period, ensuring compliance with relevant laws and regulations[119]. - The company ensures equal treatment of all shareholders and upholds their rights during shareholder meetings[118]. - The company has not disclosed any significant differences in governance compared to regulatory requirements[120]. - The company has maintained a stable leadership structure with no changes in the number of shares held by key executives[123]. Environmental and Social Responsibility - The company invested CNY 939.90 million in environmental protection during the reporting period[173]. - The company reduced carbon emissions by 6,394,500 tons through the use of natural gas, which helps decrease CO2 and SO2 emissions[176]. - A total of CNY 260.73 million was invested in poverty alleviation and rural revitalization projects, including CNY 180.36 million in funds and CNY 80.37 million in material donations[178]. - The company signed a strategic cooperation framework agreement with the government of Xiuwen County to enhance gas infrastructure and services in rural areas[179]. Legal and Compliance - The internal control audit report received a standard unqualified opinion, indicating effective internal control systems[170]. - There were no significant lawsuits or arbitration matters reported for the year, indicating a stable legal standing[190]. - The company is involved in a legal dispute with Guizhou Xinda Yuanyang Investment Co., Ltd. regarding unpaid gas fees totaling CNY 5,363,834.76, with additional penalties of CNY 4,282,136.40[191]. - The court ruled that Guizhou Xinda Yuanyang Investment Co., Ltd. must pay CNY 2,683,066.68 within ten days of the judgment, along with interest calculated at four times the People's Bank of China loan rate from April 1, 2016[192]. Future Outlook - The company has set a performance guidance for the next year, aiming for a revenue target of CNY 1.8 billion, which would represent a growth of 20%[125]. - The company plans to provide guarantees for subsidiaries as part of its financial strategy[143]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[125]. - The company faces risks related to policy changes, including potential increases in gas procurement costs due to market fluctuations[108]. - The company is committed to sustainable development, aligning with national strategies for carbon neutrality[105].

| 证券代码：600903 | 证券简称：贵州燃气 | 公告编号：2023-023 | | --- | --- | --- | | 债券代码：110084 | 债券简称：贵燃转债 | | 贵州燃气集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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法律责任。 重要内容提示： 投资者可于 2023 年 04 月 27 日(星期四)16:00 前登录上证路演中心网站首页 点击"提问预征集"栏目或通过公司邮箱 gzrq@gzgas.com.cn 进行提问。公司将 在说明会上对投资者普遍关注的问题进行回答。 贵州燃气集团股份有限公司（以下简称"公司"）于 2023 年 4 月 21 日发布 公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况及利润分配情况，公司计划于2023年04月28日下午15:00-16:00 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行交流。 一、说明会类型 本次说明会以网络文字互动形式召开 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,071,347,398.05, representing a year-on-year increase of 15.44%[6]. - The net profit attributable to shareholders of the listed company for Q3 2022 was -¥18,974,709.91, with a year-to-date net profit of -¥102,438,409.08[6]. - The basic earnings per share for Q3 2022 was -¥0.02, and the diluted earnings per share was also -¥0.02[8]. - The net profit for the third quarter of 2022 was a loss of CNY 110,041,972.98, contrasting with a profit of CNY 176,423,198.18 in the same quarter of 2021[27]. - The total comprehensive income attributable to the parent company was -163,286,990.22 CNY, compared to 60,072,594.96 CNY in the same period last year[28]. - Basic and diluted earnings per share were both -0.09 CNY, down from 0.14 CNY in the previous year[28]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥9,683,035,205.11, a decrease of 3.81% compared to the end of the previous year[8]. - The company's total current assets as of September 30, 2022, amounted to CNY 2,663,518,336.41, a decrease from CNY 3,192,578,675.15 at the end of 2021[24]. - The total assets of the company were CNY 9,683,035,205.11, down from CNY 10,066,968,698.10 at the end of 2021[24]. - The total liabilities as of the third quarter of 2022 amounted to CNY 6,108,502,804.71, a decrease from CNY 6,299,614,327.64 in the previous year[26]. - The company’s total liabilities decreased by 3.81% compared to the previous year, reflecting a strategic focus on managing debt levels[11]. - The company’s short-term borrowings decreased to CNY 2,603,678,303.05 from CNY 2,846,748,954.91 at the end of 2021[24]. - The company reported a significant increase in long-term borrowings, which rose to CNY 607,799,730.01 from CNY 368,783,778.82 year-on-year[26]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥174,275,007.30, reflecting a decrease of 19.97%[8]. - Cash inflow from operating activities totaled 4,717,477,250.31 CNY, an increase from 3,808,696,304.63 CNY year-over-year[29]. - Cash outflow from operating activities was 4,543,202,243.01 CNY, compared to 3,590,938,358.97 CNY in the same period last year[29]. - Net cash flow from operating activities was 174,275,007.30 CNY, down from 217,757,945.66 CNY year-over-year[29]. - Cash inflow from investment activities was 272,904,536.13 CNY, compared to 134,964,048.29 CNY in the previous year[29]. - Net cash flow from investment activities was -308,337,358.64 CNY, worsening from -172,104,429.88 CNY year-over-year[30]. - Cash inflow from financing activities was 2,061,941,148.77 CNY, down from 2,612,201,691.33 CNY in the same period last year[30]. - Net cash flow from financing activities was -313,862,595.88 CNY, compared to -176,903,673.75 CNY in the previous year[30]. - The ending cash and cash equivalents balance was 944,279,501.78 CNY, up from 365,324,126.30 CNY year-over-year[30]. Shareholder Information - As of September 30, 2022, the total number of common shareholders was 58,844, with the largest shareholder, Beijing Dongjia Investment Co., Ltd., holding 449,552,588 shares, representing 39.50% of the total shares[15]. - The second largest shareholder, Guiyang Industrial Investment Group Co., Ltd., held 409,094,591 shares, accounting for 35.94%[15]. Operational Highlights - The company experienced a 35.65% increase in operating costs year-to-date, primarily due to increased gas sales volume and procurement prices[11]. - The company's gross profit margin decreased due to increased procurement costs and a decline in gas sales profit, resulting in a net profit decrease of ¥114,735,000 compared to the previous year[11]. - The company reported a significant increase in accounts receivable, with a year-on-year increase of 211.19% due to the receipt of commercial acceptance bills[11]. - The company received government subsidies amounting to ¥16,177,868.29 year-to-date, which contributed to other income growth of 108.99%[11]. Investments and Subsidiaries - The company established a new subsidiary, Guizhou Gas Group Service Co., Ltd., with a registered capital of CNY 5 million, in which the company holds a 70% stake[22]. - The company also formed a joint venture, Guizhou Gas Shuicheng Comprehensive Energy Co., Ltd., with a registered capital of CNY 45.5 million, where the company owns 66%[22]. - The company’s long-term equity investments increased slightly to CNY 529,071,161.10 from CNY 525,488,037.80 at the end of 2021[24]. Research and Development - The company’s research and development expenses for the third quarter of 2022 were CNY 384,038.89, slightly down from CNY 405,604.60 in the previous year[26].

Financial Performance - The company reported a total revenue of CNY 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company expects a revenue growth of 10% for the second half of 2022, projecting total revenue to reach CNY 2.64 billion for the full year[1]. - The company's operating revenue for the first half of 2022 was CNY 3,130,437,657.78, representing a 24.80% increase compared to CNY 2,508,329,944.10 in the same period last year[26]. - Revenue reached 3.13 billion yuan, representing a year-on-year growth of 24.80%[46]. - The total revenue from sales of goods and services for the first half of 2022 was approximately CNY 3.42 billion, an increase from CNY 2.74 billion in the same period of 2021, representing a growth of about 25%[179]. - The net profit for the first half of 2022 was CNY -86,513,965.73, a significant decrease from CNY 146,568,784.84 in the first half of 2021[173]. - The total profit for the first half of 2022 was CNY -71,152,450.78, compared to CNY 169,363,369.05 in the previous year, indicating a decline of 142%[173]. - The company's total comprehensive income for the first half of 2022 was CNY -115,490,691.26, a decrease from CNY 43,548,273.66 in the previous year[173]. User Growth and Market Expansion - User data indicates an increase in active users by 20% compared to the same period last year, reaching 1.5 million users[1]. - The company is expanding its market presence by entering three new provinces, aiming to increase market share by 5% in these regions[1]. - The number of developed users increased by 90,000, indicating continuous growth in user scale[41]. - The company is the largest gas supplier in Guizhou province, with the widest pipeline coverage and the most users served[39]. Operational Efficiency and Investments - New product launches contributed to a 25% increase in sales volume, with the introduction of two new gas service products[1]. - The company has completed a strategic acquisition of a local gas distribution company, expected to enhance operational efficiency and expand customer base[1]. - The company is actively investing in natural gas branch pipelines and related facilities to meet future gas production needs for the next 10-25 years[39]. - The company is focused on expanding its market presence through strategic partnerships and agreements with local governments[110]. Financial Health and Cash Flow - The net cash flow from operating activities decreased by 50.21%, amounting to CNY 118,980,805.95 compared to CNY 238,968,176.50 in the same period last year[26]. - The company's cash and cash equivalents decreased to CNY 2,199,149,009.09 from CNY 2,801,950,484.67, a decline of about 21.5%[170]. - The cash inflow from financing activities was CNY 1.64 billion, down from CNY 2.18 billion in the first half of 2021, reflecting a decrease of about 25%[180]. - The net cash flow from financing activities was -CNY 261.70 million, compared to -CNY 136.95 million in the first half of 2021, indicating a worsening cash flow situation[180]. Research and Development - Research and development expenses increased by 30%, focusing on innovative gas technologies and sustainable energy solutions[1]. - Research and development expenses rose to CNY 283,709.05, compared to CNY 248,289.53 in the previous year, reflecting a growth of 14.3%[176]. - The company is actively exploring opportunities in renewable energy, including solar and hydrogen, to support sustainable development[41]. Risks and Challenges - The management highlighted potential risks including regulatory changes and market competition, advising investors to remain cautious[1]. - The company faces risks related to natural gas pricing due to market reforms, which may lead to increased procurement costs without the ability to fully transfer these costs downstream[60]. - The company relies heavily on a few suppliers for pipeline gas, primarily from PetroChina, which poses a risk if supply becomes constrained[63]. - The demand for natural gas is influenced by macroeconomic conditions, and a slowdown could adversely affect the company's operations[64]. Environmental Responsibility - The company has maintained a commitment to environmental responsibility, with no pollution incidents reported in the first half of 2022[82]. - The company has implemented measures to reduce carbon emissions, contributing to improved environmental quality through the use of natural gas[83]. - In the first half of 2022, the company sold a total of 851 million cubic meters of natural gas, resulting in a reduction of approximately 126,800 tons of SO2 emissions, 1,872,200 tons of CO2 emissions, 204,200 tons of particulate matter, and 378,700 tons of ash[83]. Corporate Governance and Shareholder Information - The company appointed new board members and senior management, including the election of Yang Mei and Liu Gang as directors[76]. - The total number of ordinary shareholders reached 61,604 by the end of the reporting period[143]. - The largest shareholder, Beijing Dongjia Investment Co., Ltd., holds 39.50% of the shares, amounting to 449,552,588 shares, with 307,100,000 shares pledged[144]. - The company has made commitments regarding profit distribution policies post-listing, as detailed in the prospectus[92]. Legal Matters - Guizhou Gas Group reported a lawsuit involving Guizhou Xinda Yuanyang Investment Co., Ltd. for unpaid gas fees totaling RMB 5,363,834.76 and a penalty of RMB 4,282,136.40[96]. - The court ruled that Guizhou Xinda Yuanyang Investment Co., Ltd. must pay the overdue gas fees and penalties, with the payment timeline set after the judgment takes effect[96]. - The company has fully provisioned for bad debts related to the uncollected gas fees, adhering to the principle of prudence[96].

证券代码：600903 证券简称：贵州燃气 公告编号：2022-037 债券代码：110084 债券简称：贵燃转债 贵州燃气集团股份有限公司 关于参加 2021 年度贵州辖区上市公司业绩说明会暨 投资者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。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度， 加强与广大投资者沟通交流，进一步提升投资者关系管理水平，贵州 证监局、贵州证券业协会联合深圳市全景网络有限公司，将于 2022 年 5 月 13 日 09:30-11:30 在"全景路演"(http://rs.p5w.net)举办 "2021 年度贵州辖区上市公司业绩说明会暨投资者集体接待日活 动"。 出席本次活动人员有:公司董事长洪鸣先生,副总裁、董事会秘书 杨梅女士，财务总监贾海波先生。 为充分尊重投资者、提升交流的针对性，现就公司本次活动提前 向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可即 日起访问 https://ir.p5w.net/zj/，进入问题征集专题页面提交问 题 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,800,394,972.02, representing a year-on-year increase of 27.20%[5] - The net profit attributable to shareholders of the listed company was -¥61,985,901.11, a decrease of 455.47% compared to the same period last year[5] - The net profit for Q1 2022 was a loss of CNY 68,955,026.13, compared to a profit of CNY 19,711,479.75 in Q1 2021, indicating a significant decline in profitability[21] - The total comprehensive income for Q1 2022 was -81,637,623.44 CNY, compared to -74,891,185.04 CNY in Q1 2021, indicating a worsening financial position[23] - The company's basic earnings per share were -¥0.05, reflecting a decrease of 350.00% year-on-year[5] - The basic and diluted earnings per share for Q1 2022 were both -0.05 CNY, compared to 0.02 CNY in Q1 2021, reflecting a negative performance[23] Cash Flow and Liquidity - The net cash flow from operating activities was -¥85,101,856.06, reflecting a year-on-year increase of 30.86%[5] - The operating cash flow for Q1 2022 was -85,101,856.06 CNY, an improvement from -123,092,651.47 CNY in Q1 2021[25] - Cash inflow from operating activities totaled 1,931,052,636.97 CNY in Q1 2022, up from 1,514,183,428.97 CNY in Q1 2021, reflecting increased sales[25] - Cash outflow from operating activities increased to 2,016,154,493.03 CNY in Q1 2022, compared to 1,637,276,080.44 CNY in Q1 2021[25] - The cash and cash equivalents decreased to approximately CNY 986.65 million from CNY 1.44 billion, reflecting a decline of about 31.5%[16] - The cash and cash equivalents at the end of Q1 2022 stood at 961,951,706.75 CNY, down from 460,350,186.65 CNY at the end of Q1 2021[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,728,902,088.15, a decrease of 3.36% from the end of the previous year[5] - The company's total assets decreased to CNY 9,728,902,088.15 in Q1 2022 from CNY 10,066,968,698.10 in Q1 2021, a reduction of approximately 3.4%[19] - The total liabilities decreased to CNY 6,031,325,145.66 in Q1 2022 from CNY 6,299,614,327.64 in Q1 2021, representing a decline of about 4.3%[19] - The total equity attributable to shareholders decreased to CNY 2,955,992,395.74 in Q1 2022 from CNY 3,031,073,459.09 in Q1 2021, a decline of approximately 2.5%[19] Operating Costs and Expenses - The company experienced a significant increase in operating costs by 35.95%, primarily due to rising gas sales volume and procurement prices[7] - The total operating costs for Q1 2022 amounted to CNY 1,851,387,177.48, up from CNY 1,404,030,427.50 in Q1 2021, reflecting a year-over-year increase of 31.8%[21] - The company reported a significant increase in financial expenses, totaling CNY 52,583,208.38 in Q1 2022, up from CNY 46,322,778.59 in Q1 2021[21] - Research and development expenses for Q1 2022 were CNY 154,144.29, compared to CNY 123,597.89 in Q1 2021, marking an increase of 24.7%[21] Investments and Capital Structure - The company completed capital increases for its subsidiaries, including CNY 50 million for Xiuwen Company and CNY 68 million for Anshun Company[12] - The company has invested CNY 5 million in a new hydrogen energy technology company, holding a 10% stake[14] - The registered capital of Guizhou Yukaien Natural Gas Co., Ltd. was reduced from CNY 41.5 million to CNY 22 million, with a new ownership structure established[13] - The company’s long-term equity investments slightly increased to approximately CNY 529.07 million from CNY 525.49 million[16] - The company has not yet paid CNY 200,000 of the registered capital for its hydrogen energy company as of the report date[14] - The company’s total liabilities and equity structure remains stable, with ongoing monitoring of financial health and investment strategies[11] Challenges and Market Conditions - The company faced challenges due to abnormal weather, upstream gas supply tightness, and rising gas prices, impacting net profit and gross margin[8] - The company reported a decrease in investment income by 140.65%, attributed to reduced profits from joint ventures[7]

Financial Performance - The company's operating revenue for 2021 was CNY 5,087,656,198.23, representing a 19.88% increase compared to CNY 4,244,104,771.79 in 2020[24]. - Net profit attributable to shareholders for 2021 was CNY 176,315,462.27, a decrease of 14.56% from CNY 206,358,548.04 in 2020[24]. - The net cash flow from operating activities was CNY 319,645,837.36, showing a slight increase of 1.34% from CNY 315,427,707.91 in 2020[24]. - The total assets at the end of 2021 were CNY 10,066,968,698.10, which is a 9.64% increase from CNY 9,182,201,087.20 at the end of 2020[24]. - The net assets attributable to shareholders increased by 7.45% to CNY 3,031,073,459.09 at the end of 2021 from CNY 2,820,949,366.67 at the end of 2020[24]. - Basic earnings per share for 2021 were CNY 0.15, down 16.67% from CNY 0.18 in 2020[26]. - The weighted average return on net assets for 2021 was 6.03%, a decrease of 1.36 percentage points from 7.39% in 2020[26]. Dividend Policy - The company proposed a cash dividend of 0.47 CNY per 10 shares, totaling 53,494,696.27 CNY to be distributed to shareholders based on a total share capital of 1,138,185,027 shares as of December 31, 2021[5]. - The company has a stable profit distribution policy, prioritizing cash dividends over stock dividends[182]. - The company plans to distribute cash dividends at a minimum of 15% of the distributable profits if there are no major investment plans or significant cash expenditures[185]. - In the case of major investment plans or significant cash expenditures, the minimum cash dividend distribution will be 10% of the distributable profits[186]. - The board of directors must disclose reasons if no cash dividend proposal is made despite positive distributable profits[191]. - The profit distribution policy requires approval from the shareholders' meeting with at least two-thirds of the voting rights present[187]. Operational Strategy - The company plans to focus on expanding its market presence and enhancing its operational efficiency in the upcoming year[24]. - The company is investing in new technologies and products to improve service delivery and customer satisfaction[24]. - The company is actively responding to the national "dual carbon" policy by exploring opportunities in renewable energy and clean energy utilization[45]. - The company is transitioning towards comprehensive energy supply services, including solar, hydrogen, and biomass energy, to meet diverse consumer energy needs[133]. - The company plans to leverage big data and IoT technologies to enhance operational capabilities and shift from a single natural gas supplier to a digital and intelligent comprehensive energy operator[136]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[6]. - The company has detailed the main operational risks in the report, encouraging investors to review the relevant sections for insights[7]. - Future guidance indicates a cautious outlook due to market volatility and regulatory changes in the energy sector[24]. - The company faces risks related to price fluctuations in gas sourcing due to the market's opening and the potential increase in procurement costs[138]. - The company has significant investment in urban pipeline and branch pipeline projects, which have high financial costs and uncertain revenue generation timelines[144]. Corporate Governance - The company has established a clear and compliant corporate governance structure, ensuring equal rights for all shareholders and adherence to legal requirements[147]. - The board of directors consists of 9 members, including 3 independent directors, and operates in accordance with relevant laws and regulations[148]. - The company has established a comprehensive incentive and constraint mechanism for senior management, linking personal compensation to company performance to enhance operational efficiency[149]. - The company has strengthened its information disclosure management, ensuring timely and accurate communication with investors through various channels[149]. - The company has developed a complete risk management and internal control system to enhance its risk prevention capabilities[151]. Market Expansion - The company achieved natural gas sales of 1.451 billion cubic meters in 2021, representing a year-on-year growth of 19.72%[36]. - The company expanded its operational areas by acquiring gas distribution rights in multiple regions, including Jinping County and 16 towns in Tongzi County[36]. - The company is focused on expanding its market presence through new investments and partnerships in the energy sector, particularly in hydrogen energy technology[113]. - The company plans to increase natural gas consumption in Guizhou Province to approximately 4 billion cubic meters by 2025, and 9.6 billion cubic meters by 2035[123]. - The company is exploring potential acquisitions of smaller gas companies to enhance its market share and operational capabilities[162]. Environmental Responsibility - The company was recognized as one of the first "provincial-level healthy enterprises" in Guizhou, aligning with the national initiative for "Healthy China, Healthy Cities, Healthy Enterprises"[199]. - Throughout the year, Guizhou Gas Group reported no environmental pollution incidents, demonstrating compliance with environmental protection responsibilities[199]. - Natural gas is highlighted as a green product that is clean and environmentally friendly, enhancing users' living quality without producing any residues during use[200].

Financial Performance - The company's operating revenue for the third quarter was ¥928,038,428.97, representing a year-on-year increase of 10.36%[5] - The net profit attributable to shareholders was ¥34,367,292.59, a decrease of 44.28% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,321,929.31, down 47.95% year-on-year[5] - The basic earnings per share for the quarter was ¥0.03, a decrease of 40% compared to the same period last year[7] - The total current assets as of September 30, 2021, were ¥2,111,743,242.45, down from ¥2,236,841,558.77 at the end of 2020, a decrease of about 5.6%[23] - The total profit for Q3 2021 was CNY 204,761,864.02, slightly up from CNY 201,674,544.18 in Q3 2020, representing an increase of approximately 1.03%[29] - The net profit attributable to shareholders of the parent company was CNY 162,054,000.13, down from CNY 170,851,351.33 in the same period last year, a decrease of about 5.00%[29] - The basic earnings per share for Q3 2021 was CNY 0.14, slightly down from CNY 0.15 in Q3 2020, a decrease of about 6.67%[31] - The company’s total comprehensive income for Q3 2021 was CNY 74,441,793.01, compared to a loss of CNY -95,448,802.20 in the same quarter last year, indicating a significant recovery[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,657,674,382.12, a decrease of 5.71% from the end of the previous year[7] - Non-current liabilities totaled CNY 898,397,588.15, a decrease of 33.0% from CNY 1,340,578,599.13 in the previous year[25] - Total assets decreased to CNY 8,657,674,382.12 from CNY 9,182,201,087.20, reflecting a decline of 5.7%[25] - Total liabilities amounted to CNY 5,110,798,844.14, down 12.0% from CNY 5,800,727,542.47 in the previous year[25] - The company's equity attributable to shareholders increased to CNY 2,826,068,858.52, compared to CNY 2,820,949,366.67 in the previous year[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥217,757,945.66, a decrease of 16.02% compared to the same period last year[5] - The company's operating cash flow for the first three quarters of 2021 was CNY 217,757,945.66, compared to CNY 259,307,431.64 in the first three quarters of 2020, reflecting a decline of approximately 15.98%[33] - Cash inflow from operating activities totaled CNY 3,808,696,304.63, an increase from CNY 3,023,026,262.09 year-on-year, marking a growth of about 26.00%[33] - The company reported a net cash outflow from investing activities of CNY -172,104,429.88, compared to CNY -52,675,525.12 in the previous year, indicating a worsening investment cash flow situation[35] - Total cash and cash equivalents at the end of Q3 2021 were CNY 365,324,126.30, down from CNY 595,679,192.84 at the end of Q3 2020, a decrease of approximately 38.67%[35] - The cash inflow from financing activities was CNY 2,612,201,691.33, an increase from CNY 2,433,359,541.67 in the previous year, reflecting a growth of approximately 7.35%[35] - The net cash flow from financing activities showed an improvement, with a net outflow of CNY -176,903,673.75 compared to CNY -354,268,450.77 in the same period last year, indicating a reduction in cash burn[35] Shareholder Information - The company reported a total of 57,589 common shareholders at the end of the reporting period[13] - The top shareholder, Beijing Dongjia Investment Co., Ltd., held 449,552,588 shares, accounting for 39.50% of the total shares[13] - The company’s second largest shareholder, Guiyang Industrial Investment Group Co., Ltd., holds 409,094,591 shares[15] - The company’s total shareholding structure includes various other shareholders, with significant stakes held by financial institutions[15] - The company reported a total of 449,552,588 shares held by its largest shareholder, Beijing Dongjia Investment Co., Ltd.[15] Investments and Joint Ventures - The company acquired a 40% stake in Guizhou Guoneng Carbon Investment Co., Ltd. for RMB 89.0999 million, with RMB 59.05 million paid and RMB 30.0499 million remaining unpaid[17] - The company established a joint venture, Guizhou Xingwengan Gas Co., Ltd., with a registered capital of RMB 50 million, where the company holds a 40% stake[17] - The company invested RMB 5 million for a 10% stake in Guizhou Hydrogen Efficiency Energy Technology Co., Ltd., which has a registered capital of RMB 50 million[17] - The company set up Guizhou Gas Group Jinping County Gas Co., Ltd. with a registered capital of RMB 10 million, fully owned by the company[17] - The company transferred a 2% stake in Liupanshui Thermal Company for RMB 2 million, reducing its ownership from 51% to 49%[17] - The company completed the registration of several new entities and joint ventures in October 2021, enhancing its market presence[17] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding unpaid gas fees amounting to RMB 5,363,834.76 and associated penalties[17] - The company reported a court ruling requiring Guizhou Xinda Yuanyang Investment Co., Ltd. to pay ¥5,363,834.76 in gas usage fees, along with penalties calculated at four times the People's Bank of China’s loan interest rate[8] - The company has received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds on September 15, 2021[8] - The company has fully provided for bad debt reserves corresponding to the receivable gas fees due to potential collection risks[8] Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 405,604.60, up from CNY 315,284.21 in the same period of 2020[28]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2021, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2021 was CNY 2,508,329,944.10, representing a 30.30% increase compared to CNY 1,925,105,592.53 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was CNY 127,686,707.54, which is a 16.96% increase from CNY 109,168,106.93 in the previous year[22]. - The net cash flow from operating activities increased by 60.22% to CNY 238,968,176.50, compared to CNY 149,153,847.03 in the same period last year[24]. - The total profit for the first half of 2021 was CNY 169,363,369.05, representing an increase of 27.8% compared to CNY 132,518,430.95 in the same period of 2020[176]. - The total comprehensive income for the first half of 2021 was CNY 43,548,273.66, compared to a loss of CNY 112,777,860.58 in the same period of 2020[174]. - The company's total equity at the end of the period is 3,568,029,209.81, reflecting a decrease of 69,034,821.51 from the previous period[188]. User Growth and Market Expansion - User data indicates an increase in active users by 20% compared to the same period last year, reaching 1.5 million users[1]. - The company is expanding its market presence in neighboring provinces, aiming to increase market share by 5% by the end of 2021[1]. - The company developed over 139,000 new users in the first half of the year, indicating steady growth across various customer categories[58]. - Guizhou Gas Group is focusing on expanding its market presence in the southwestern region of China, aiming to increase its customer base by 20% in the next fiscal year[138]. Product Development and Innovation - New product launches in the pipeline include a smart gas meter expected to enhance user experience and operational efficiency, projected to be released in Q4 2021[1]. - Investment in R&D has increased by 30% year-on-year, focusing on innovative gas solutions and technologies[1]. - The company is exploring new technologies for natural gas transportation to enhance efficiency and reduce costs, with a projected investment of 100 million yuan in R&D[138]. Operational Efficiency - Operational efficiency improvements are expected to reduce costs by approximately 8% in the next fiscal year[1]. - The company has initiated a digital management transformation to enhance operational efficiency and reduce management costs through standardized data and digital applications[41]. - The company has implemented standardized services and digital customer management systems to enhance service efficiency[59]. Financial Stability and Risks - The total assets at the end of the reporting period were CNY 8,942,183,819.39, a decrease of 2.61% from CNY 9,182,201,087.20 at the end of the previous year[24]. - The company has identified potential risks related to regulatory changes and market competition, which are detailed in the management discussion section[1]. - The company faces risks related to price fluctuations in natural gas procurement due to market reforms and the inability to fully transfer costs to downstream customers[77]. - The company is at risk of reduced or eliminated installation fees due to regulatory changes, which could impact revenue streams[77]. Environmental Commitment - The company has committed to environmental protection, achieving zero environmental pollution incidents throughout the year[92]. - In the first half of 2021, Guizhou Gas Group sold a total of 744 million cubic meters of natural gas, resulting in a reduction of approximately 110,900 tons of SO2 emissions, 1,636,800 tons of CO2 emissions, 178,600 tons of particulate matter, and 331,100 tons of ash[94]. - The company is committed to environmental sustainability and is investing in cleaner energy solutions as part of its long-term strategy[138]. Strategic Partnerships and Agreements - The company has signed multiple natural gas supply agreements with China National Petroleum Corporation (CNPC), with contracts effective until 2042[130]. - The company is actively engaged in restructuring agreements with major suppliers, including Sinopec and PetroChina, to ensure long-term supply stability[138]. - Guizhou Gas Group has signed multiple gas concession agreements with local governments, allowing for the construction and operation of gas pipeline facilities in various regions, including Zunyi and Longli County, with agreements extending until 2048[118][120]. Corporate Governance and Management - The board has approved a profit distribution plan, although no specific figures were disclosed in the report[1]. - The company did not propose any profit distribution or capital reserve transfer during the reporting period[89]. - The resignation of director Yang Farong was effective immediately upon receipt of his resignation letter, and did not affect the board's operation[87]. - The company has taken measures to ensure the accuracy and completeness of its prospectus and related documents[99].

Financial Performance - Total revenue for Q1 2021 reached CNY 1,415,430,904.64, an increase of 43.13% compared to CNY 988,899,220.10 in the same period last year[12] - Net profit attributable to shareholders was CNY 17,437,647.48, a decrease of 30.25% from CNY 24,999,335.53 in the previous year[12] - Operating profit for Q1 2021 was CNY 25,445,877.70, slightly up from CNY 25,116,051.15 in Q1 2020[35] - The net profit attributable to shareholders of the parent company was CNY 17,437,647.48, down 30.5% from CNY 24,999,335.53 in Q1 2020[37] - Net profit for Q1 2021 was CNY 19,711,479.75, a decrease of 2.5% compared to CNY 20,215,518.47 in Q1 2020[35] - The company reported a total comprehensive income of CNY -74,891,185.04 for Q1 2021, compared to CNY -119,218,571.51 in Q1 2020[37] - The company reported no significant changes in its net profit forecast compared to the previous year[22] Cash Flow and Investments - Operating cash flow for the period was a net outflow of CNY 123,092,651.47, an improvement of 3.3% compared to the outflow of CNY 127,291,145.82 last year[12] - The net cash flow from financing activities was CNY 159,491,479.37, a turnaround from a net outflow of CNY 2,335,162.82 in the previous year, mainly due to minority shareholder investments[18] - Investment activities resulted in a net cash outflow of -72,622,925.52 RMB in Q1 2021, an improvement from -94,332,005.18 RMB in Q1 2020[41] - Cash inflow from financing activities totaled 1,397,899,583.33 CNY, up from 1,070,000,000.00 CNY year-over-year, reflecting a strong financing position[42] - Cash outflow from financing activities was 1,061,847,042.01 CNY, compared to 913,783,531.99 CNY in the previous year, showing an increase in cash used for debt repayment and dividends[42] - The net increase in cash and cash equivalents was -34,958,699.82 CNY, a decrease from -237,665,306.96 CNY in the same period last year, indicating improved cash management[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,037,328,924.10, down 1.58% from CNY 9,182,201,087.20 at the end of the previous year[12] - The company's net assets attributable to shareholders decreased by 2.84% to CNY 2,740,913,138.06 from CNY 2,820,949,366.67[12] - Total liabilities decreased to CNY 5,583,138,945.76 from CNY 5,800,727,542.47, a reduction of about 3.7%[31] - Current liabilities increased to CNY 3,985,682,795.47 from CNY 3,472,975,744.04, showing an increase of approximately 14.7%[32] - Non-current liabilities totaled CNY 839,355,170.19, slightly up from CNY 821,606,471.89, indicating a growth of about 2.0%[32] Shareholder Information - The number of shareholders at the end of the reporting period was 60,259, with the top ten shareholders holding a significant portion of the shares[15] - Shareholders' equity increased to CNY 3,454,189,978.34 from CNY 3,381,473,544.73, reflecting a growth of approximately 2.2%[31] Operating Costs - The company reported a significant increase in operating costs, with total operating costs rising by 49.65% to CNY 1,245,748,477.84 due to increased gas procurement costs[18] - Total operating costs for Q1 2021 were CNY 1,404,030,427.50, up 44.0% from CNY 972,277,617.37 in Q1 2020[35] Goodwill and Non-Current Assets - The company's goodwill increased by 36.92% to CNY 77,242,503.71, primarily due to the acquisition of a new company[18] - The goodwill on the balance sheet increased to RMB 77.24 million from RMB 56.42 million, indicating a growth of approximately 37%[28] - The company's non-current assets totaled RMB 6.87 billion, down from RMB 6.95 billion at the end of 2020[28] Research and Development - Research and development expenses for Q1 2021 were CNY 123,597.89, a decrease of 44.8% from CNY 223,469.06 in Q1 2020[35]