Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,911,656,447.53, representing a year-on-year increase of 16.11%[7] - The net profit attributable to shareholders for the same period was CNY 137,909,853.68, reflecting a significant increase of 52.25% compared to the previous year[7] - The net profit after deducting non-recurring gains and losses was CNY 125,679,591.87, up by 35.87% year-on-year[7] - The basic earnings per share for Q3 2022 was CNY 0.09, an increase of 52.63% compared to the same period last year[10] - Total operating revenue for the first three quarters of 2022 reached ¥6,246,541,638.37, an increase of 15.7% compared to ¥5,399,642,882.33 in the same period of 2021[26] - Net profit for the third quarter of 2022 was ¥385,907,347.91, representing a 20.3% increase from ¥320,842,469.48 in the same quarter of 2021[32] - Profit attributable to shareholders of the parent company for the third quarter of 2022 was ¥377,999,204.27, up from ¥314,597,764.01 in the previous year, marking a growth of 20.2%[32] - The total comprehensive income for the third quarter of 2022 was ¥383,932,822.45, compared to ¥320,941,008.00 in the same quarter of 2021, showing an increase of 19.6%[32] - The total comprehensive income attributable to the parent company was CNY 376,024,678.81, an increase from CNY 314,696,302.53 in the same period last year, representing a growth of approximately 19.5%[35] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 9,604,269,774.94, which is a 5.77% increase from the end of the previous year[10] - As of September 30, 2022, the total assets of the company amounted to RMB 9,604,269,774.94, an increase from RMB 9,080,210,179.35 at the end of 2021[21] - The company's current assets totaled RMB 2,180,658,830.02, up from RMB 2,003,307,928.21 in the previous year[21] - The total liabilities increased to RMB 3,146,849,634.63 from RMB 2,565,601,393.90 in the previous year[24] - The total liabilities increased to ¥4,323,999,704.47 in 2022 from ¥3,965,397,686.02 in 2021, reflecting a rise of 9.1%[26] - The company's long-term equity investments reached RMB 1,283,684,955.88, compared to RMB 1,098,213,805.31 at the end of 2021[21] - The company reported a significant increase in contract liabilities, which rose to RMB 1,710,977,328.75 from RMB 1,351,505,402.90[24] - The company's total equity is not explicitly stated in the provided data, but the increase in total assets and liabilities indicates a potential growth in equity[21] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 484,858,389.41, showing a decrease of 19.89% compared to the previous year[10] - Net cash flow from operating activities was CNY 484,858,389.41, down from CNY 605,204,756.14 in the previous year, indicating a decrease of about 19.9%[37] - Cash inflow from operating activities totaled CNY 7,332,959,579.66, compared to CNY 6,383,039,512.03 in the prior year, marking an increase of approximately 14.9%[35] - Cash outflow from operating activities increased to CNY 6,848,101,190.25 from CNY 5,777,834,755.89, which is an increase of about 18.5%[35] - Net cash flow from investing activities was CNY -448,200,377.95, slightly improved from CNY -465,710,987.17 year-over-year[37] - Cash flow from financing activities showed a net outflow of CNY -63,173,226.56, compared to CNY -311,636,048.46 in the previous year, indicating a significant improvement[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,102[16] - The largest shareholder, Chongqing Energy Investment Group Co., Ltd., held 41.07% of the shares, with a portion of shares frozen[16] Research and Development - Research and development expenses for the third quarter of 2022 were ¥1,501,117.74, slightly down from ¥1,536,193.27 in the same quarter of 2021[29] Other Income - Other income for the third quarter of 2022 was ¥11,110,854.90, compared to ¥10,669,855.62 in the previous year, indicating a growth of 4.1%[29] - Deferred income increased to ¥164,509,956.36 in 2022 from ¥155,696,673.77 in 2021, reflecting a growth of 5.2%[26]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,334,885,190.84, representing a 15.50% increase compared to CNY 3,753,284,195.87 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 240,089,350.59, up 7.17% from CNY 224,019,208.32 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 225,033,803.29, reflecting a 15.51% increase from CNY 194,814,290.05 in the same period last year[22]. - The total profit amounted to 275 million RMB, reflecting a 5.42% increase compared to the previous year[31]. - Net profit was 244 million RMB, up 7.45% year-on-year[31]. - Basic earnings per share for the first half of 2022 were CNY 0.153, up 6.99% from CNY 0.143 in the same period last year[25]. - The diluted earnings per share were also CNY 0.153, reflecting the same percentage increase of 6.99% compared to the previous year[25]. - The company reported a net profit of ¥1,273.41 million from Chongqing Jiangjin Natural Gas Co., with total revenue of ¥22,327.10 million[44]. - The company reported a net profit of ¥2,165.21 million from Chongqing Bishan Natural Gas Co., with total revenue of ¥20,563.68 million[44]. - The company reported a total profit of ¥82,319,538.93, which is a 15.5% increase from ¥71,288,764.67 in the previous year[108]. Cash Flow and Assets - The net cash flow from operating activities was CNY 343,241,255.05, showing a slight increase of 1.13% compared to CNY 339,420,599.35 in the previous year[22]. - Cash and cash equivalents decreased by 3.80% to CNY 1,158,424,201.03, accounting for 12.32% of total assets[36]. - The company's cash and cash equivalents at the end of the reporting period amount to ¥1,158,424,201.03, down from ¥1,204,135,708.73 at the beginning of the period[89]. - The ending balance of cash and cash equivalents was CNY 1,070,611,187.98, down from CNY 1,252,587,169.73 at the end of the previous year[123]. - The company’s net increase in cash and cash equivalents was -CNY 51,389,457.77, an improvement from -CNY 189,132,769.39 in the previous year[123]. - The total assets at the end of the reporting period were CNY 9,404,542,570.55, which is a 3.57% increase from CNY 9,080,210,179.35 at the end of the previous year[22]. - Total assets increased to ¥9,404,542,570.55, up from ¥9,080,210,179.35, representing a growth of approximately 3.56%[92]. - The total current assets increased to ¥2,059,571,243.68 from ¥2,003,307,928.21, indicating a rise of about 2.8%[89]. - The total liabilities reached ¥4,276,211,788.67, up from ¥3,965,397,686.02, indicating a growth of approximately 7.83%[93]. Liabilities and Equity - The total liabilities and shareholders' equity amounted to CNY 9,404,542,570.55, reflecting a 3.57% increase from the previous year[38]. - The company’s total liabilities are not explicitly stated but can be inferred from the total equity and assets, indicating a balanced financial position[132]. - The total equity decreased to ¥4,006,483,110.41 from ¥4,148,976,440.30, a decline of 3.4% year-over-year[104]. - The total equity attributable to the parent company at the end of the reporting period is CNY 4,891,109,603.51, reflecting a decrease of CNY 26,446,578.41 compared to the previous year[132]. - The company reported a profit distribution of -133,563,900.83, indicating a significant reduction in shareholder returns[140]. Operational Highlights - The total gas supply reached 1.853 billion cubic meters, an increase of 1.80% year-on-year[31]. - The number of new users added during the period was 96,100, bringing the total customer base to 5.5715 million[31]. - The company achieved a gross profit growth in gas sales while reducing unit distribution costs[30]. - The company has ongoing projects for natural gas pipelines with total investments of CNY 48,024.74 million approved by local authorities[40]. - The company has actively promoted distributed energy projects and comprehensive energy project development[59]. Research and Development - Research and development expenses increased by 9.56% to 1.213 million RMB[35]. - Research and development expenses for the first half of 2022 were ¥1,213,430.57, an increase from ¥1,107,536.08 in the previous year[104]. - Research and development expenses amounted to ¥1,213,430.57, slightly up from ¥1,107,536.08 in the same period last year[108]. Regulatory and Compliance - The company has faced increased regulatory scrutiny regarding compliance and market expansion, posing challenges to its operational strategies[48]. - The company has not reported any major litigation or arbitration matters during the reporting period[66]. - The company has not experienced any non-compliance issues with its controlling shareholder during the reporting period[66]. Shareholder Information - The total number of common shareholders as of the reporting period end is 32,659[79]. - The top shareholder, Chongqing Energy Investment Group Co., Ltd., holds 645,420,000 shares, representing 41.07% of the total shares[79]. - The second-largest shareholder, China Resources Gas (China) Investment Co., Ltd., holds 350,000,000 shares, accounting for 22.27%[79]. - The company has 71,382,286 shares frozen due to creditor precautionary measures, which is 4.54% of the total share capital[82]. Capital Structure and Changes - The company has undergone several capital adjustments, with the registered capital changing from 15,987,000 yuan at inception to 60,515,000 yuan by 2009[143]. - The company issued 156 million shares at a par value of RMB 1 per share, raising its total share capital to RMB 1,556,000,000[146]. - The company completed a share transfer agreement, transferring 10% of its total share capital to Chongqing Urban Construction Investment Group at a price of RMB 7.85 per share, totaling RMB 122.15 million[146]. Risk Factors - The company faces external risks due to ongoing economic pressures, including demand contraction and supply shocks, which have not fundamentally reversed[45]. - The company is experiencing operational risks from high natural gas prices and significant safety costs related to infrastructure upgrades and regulatory compliance[48].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,287,722,339.71, representing a year-on-year increase of 14.31%[6] - The net profit attributable to shareholders for Q1 2022 was ¥100,963,441.77, reflecting a growth of 6.69% compared to the same period last year[6] - Total revenue for Q1 2022 reached ¥2,287,722,339.71, an increase from ¥2,001,367,618.43 in Q1 2021, representing a growth of approximately 14.3%[28] - Operating profit for Q1 2022 was ¥111,964,175.50, slightly up from ¥105,829,643.25 in Q1 2021, reflecting a growth of approximately 8.5%[28] - Net profit for Q1 2022 amounted to ¥101,415,629.07 after tax expenses, compared to ¥94,841,758.43 in Q1 2021, showing an increase of around 6.7%[28] - The net profit for the current period is approximately CNY 101.42 million, an increase from CNY 94.84 million in the previous period, representing an increase of about 6.6%[30] - The net profit attributable to the parent company's shareholders is CNY 100.96 million, up from CNY 94.63 million, reflecting a growth of approximately 6.9%[30] - The total comprehensive income for the current period is CNY 101.42 million, compared to CNY 94.84 million in the previous period, indicating an increase of around 6.6%[30] Cash Flow - The net cash flow from operating activities was -¥75,283,248.36, a significant decrease of 144.63% year-on-year[6] - The cash inflow from operating activities is CNY 2.45 billion, compared to CNY 2.21 billion in the previous year, marking an increase of about 10.5%[35] - The cash outflow from operating activities is CNY 2.52 billion, up from CNY 2.05 billion, which is an increase of approximately 22.5%[35] - The net cash flow from operating activities is negative at CNY -75.28 million, a significant decrease from CNY 168.68 million in the previous year[35] - The cash inflow from investing activities is CNY 17.59 million, down from CNY 474.93 million, indicating a decrease of about 96.3%[37] - The cash outflow from investing activities totals CNY 215.11 million, compared to CNY 123.97 million, reflecting an increase of approximately 73.5%[37] - The net cash flow from financing activities is negative at CNY -2.20 million, contrasting with a positive CNY 36.25 million in the previous year[37] - The ending cash and cash equivalents balance is CNY 911.56 million, down from CNY 1.60 billion, representing a decrease of about 43.1%[37] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to ¥9,175,173,957.72, an increase of 1.05% from the end of the previous year[8] - Non-current assets totaled ¥7,281,408,502.62 as of March 31, 2022, compared to ¥7,076,902,251.14 at the end of 2021, indicating a growth of approximately 2.9%[23] - The total assets of the company reached ¥9,175,173,957.72 as of March 31, 2022, up from ¥9,080,210,179.35 at the end of 2021, indicating an increase of about 1.0%[23] - Total liabilities decreased slightly to ¥3,946,095,714.76 in Q1 2022 from ¥3,965,397,686.02 in Q1 2021, a reduction of about 0.5%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,829[12] - The largest shareholder, Chongqing Energy Investment Group Co., Ltd., held 41.07% of the shares, totaling 645,420,000 shares[13] Accounts Receivable and Investment Income - Accounts receivable increased by 80.47% due to higher gas fee collections from increased meter readings in March[9] - Investment income rose by 30.24% driven by profit growth from joint ventures[9] - Accounts receivable increased significantly to ¥395,067,520.61 in Q1 2022, up from ¥218,905,323.73 in Q1 2021, representing an increase of about 80.5%[19] Research and Development - The company reported an increase in R&D expenses to ¥1,034,539.78 in Q1 2022, compared to ¥348,622.10 in Q1 2021, reflecting a growth of approximately 196.5%[28]

Financial Performance - The company's operating revenue for 2021 was CNY 7,809,781,886.88, representing a 14.49% increase compared to CNY 6,821,208,133.72 in 2020[21] - The net profit attributable to shareholders of the listed company was CNY 456,339,177.25, an increase of 21.27% from CNY 376,303,569.24 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 407,185,557.26, up 24.66% from CNY 326,624,976.54 in 2020[21] - The total profit amounted to 538 million yuan, with a year-on-year increase of 27.00%[34] - Net profit reached 465 million yuan, marking a year-on-year growth of 34.95%[34] - Basic earnings per share were 0.29 yuan, up 20.83% compared to the previous year[24] - The weighted average return on equity increased to 9.91%, up 1.21 percentage points from the previous year[24] - The projected operating revenue for 2022 is 8.155 billion yuan, with a total profit of 560 million yuan and a net profit of 476 million yuan[77] Cash Flow and Assets - The net cash flow from operating activities was CNY 622,187,118.68, a decrease of 6.73% compared to CNY 667,097,383.95 in 2020[21] - The total assets at the end of 2021 were CNY 9,080,210,179.35, showing a slight decrease of 0.03% from CNY 9,082,647,449.05 in 2020[21] - The company's cash flow from investment activities increased year-on-year, primarily due to a reduction in cash outflows for external equity investments and pipeline project investments[51] - The company's cash and cash equivalents decreased by 25.46% compared to the previous period, indicating a tighter liquidity position[52] - The company reported a decrease in short-term borrowings by 53.88%, amounting to 16,086.23 million, primarily due to the repayment of bank loans[54] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 1.48 per 10 shares, totaling CNY 23,255.83 million, subject to shareholder approval[6] - The company held five temporary shareholder meetings and one annual meeting in 2021, passing 15 resolutions including the election of directors and the approval of financial reports[82] - The board of directors consists of 11 members, including 4 independent directors, who diligently performed their duties without any unexcused absences during the reporting period[82] - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[83] - The company’s major decisions are made through shareholder meetings and the board of directors, maintaining independence from the controlling shareholder[85] Market Expansion and Strategy - The company is focused on enhancing its governance structure and optimizing operational efficiency through the introduction of new management systems[34] - The company is actively pursuing market expansion through strategic investments in natural gas infrastructure projects[63] - The company plans to supply a total of 3.82 billion cubic meters of gas in 2022, with a target of installing 210,000 new customers and controlling the transmission loss rate within 3%[77] - The company is focusing on market expansion by enhancing its supply area, optimizing existing markets, and developing comprehensive service markets[76] Risks and Challenges - The company is facing external risks due to economic pressures, including demand contraction and supply shocks, which may impact operational conditions[78] - Safety risks are heightened due to the increasing frequency of gas accidents, leading to greater regulatory scrutiny and pressure[78] - The company recognizes the challenges posed by rising upstream gas prices and the difficulties in passing costs downstream, which adds pressure to its operations[78] Research and Development - Research and development expenses increased by 90.89% to 3.04 million RMB, accounting for 1.1% of main business revenue[41] - The company is investing 100 million CNY in R&D for new technologies aimed at improving service efficiency[100] Social Responsibility - The company has actively fulfilled its social responsibilities, publishing its social responsibility report for 2021[138] - The company has engaged in poverty alleviation efforts, with a total of 111,424 yuan spent on consumption poverty alleviation in the year[139] Acquisitions and Investments - The company plans to acquire assets from its controlling shareholder, including a 13% stake in Chongqing Oil and Gas Trading Center, a 49% stake in Chongqing Zhongliangshan YN Gas Co., and a 30% stake in Chongqing Shengran Energy Co., with a total estimated transaction price of approximately 2.03 to 2.54 billion CNY[160] - The company completed the acquisition of shares from Huaren Assets and Huaren Yikang to increase its stake in Chongqing Gas, enhancing its influence in the Chengdu-Chongqing economic circle[189]

证券代码：600917 证券简称：重庆燃气 公告编号：2021-065 重庆燃气集团股份有限公司 关于参加"重庆辖区上市公司 2021 年投资者 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。 为进一步做好投资者关系管理工作，加强与广大投资者的沟通交流， 重庆燃气集团股份有限公司（以下简称"公司"）将参加在重庆证监局指 导下，由重庆上市公司协会联合上证所信息网络有限公司、深圳市全景网 络有限公司举办的"心系投资者，携手共行动——重庆辖区上市公司 2021 年投资者网上集体接待日活动"（以下简称"本次活动"），现将有关事 项公告如下： 1、本次活动的时间：2021 年 11 月 25 日（星期四）15:00——17:00。 2、本次活动的交流网址：本次活动将通过上证路演中心提供的网上 平台，采取网络远程的方式进行，投资者可以登陆网址： http://roadshow.sseinfo.com 进入专区页面参与交流。 3、届时，本公司高管人员将参加本次活动，通过网络在线交流形式， 与投资者进行"一对 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,646,358,686.46, representing a year-on-year increase of 5.06%[7] - The net profit attributable to shareholders for the same period was ¥90,578,555.69, showing a decrease of 38.31% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥92,497,664.85, down 31.88% year-on-year[7] - The basic earnings per share for Q3 2021 was ¥0.06, a decrease of 40.00% compared to the same period last year[10] - Net profit for the third quarter of 2021 was ¥320,842,469.48, representing a 8.9% increase from ¥294,710,908.63 in the same quarter of 2020[34] - Total operating revenue for the first three quarters of 2021 reached ¥5,399,642,882.33, an increase of 15.3% compared to ¥4,681,361,108.94 in the same period of 2020[31] - Total operating costs for the first three quarters of 2021 were ¥5,133,388,058.89, up 16.8% from ¥4,396,689,572.31 in 2020[31] - Total comprehensive income amounted to CNY 320,941,008.00, an increase from CNY 294,351,165.72 in the previous year[36] - Basic and diluted earnings per share were both CNY 0.20, up from CNY 0.19 year-over-year[36] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,275,940,201.16, an increase of 2.13% from the end of the previous year[10] - The total liabilities as of the latest report were ¥4,293,426,210.54, slightly up from ¥4,270,870,093.47 in the previous period[28] - The total equity attributable to shareholders increased to ¥4,619,464,471.75 from ¥4,447,526,830.42, showing a growth of 3.9%[28] - Total non-current assets reached RMB 7,090,307,570.30, an increase of 5.4% compared to RMB 6,729,668,498.17 as of December 31, 2020[25] - The total assets of the company were RMB 9,275,940,201.16, reflecting a growth of 2.1% from RMB 9,082,647,449.05[25] Cash Flow - Cash flow from operating activities for the year-to-date was ¥605,204,756.14, reflecting a decrease of 28.47% compared to the previous year[10] - Cash inflow from operating activities totaled CNY 6,383,039,512.03, compared to CNY 5,607,833,575.74 in the same period last year, representing an increase of approximately 13.76%[40] - Cash outflow from operating activities was CNY 5,777,834,755.89, up from CNY 4,761,738,194.73, indicating a rise of about 21.26%[40] - Net cash flow from operating activities decreased to CNY 605,204,756.14 from CNY 846,095,381.01, a decline of approximately 28.48%[40] - Net cash flow from investing activities was negative CNY 465,710,987.17, worsening from negative CNY 376,996,895.19 year-over-year[40] - Net cash flow from financing activities was negative CNY 311,636,048.46, compared to a positive CNY 130,449,048.22 in the previous year[40] - The ending balance of cash and cash equivalents was CNY 1,346,309,518.45, down from CNY 1,960,801,630.51 at the end of the previous year[42] Shareholder Information - The company reported a total of 38,738 common shareholders at the end of the reporting period[17] - The company has a significant shareholder structure, with Chongqing Energy Investment Group holding 41.07% of shares[17] - The acquisition of shares from Huaren Assets and Huaren Yikang is in progress, which may impact future performance[20] Expenses and Subsidies - The company received government subsidies amounting to ¥10,669,855.62 year-to-date, which is a decrease compared to the previous year[12] - Research and development expenses increased significantly to ¥1,536,193.27 in 2021 from ¥327,338.08 in 2020, reflecting a growth of 369.5%[31] - The company reported a financial expense of -¥18,959,169.71, which improved from -¥10,442,930.54 in the previous year[31] - The company’s tax expenses for the third quarter were ¥50,084,528.31, down from ¥60,880,741.56 in the same quarter of 2020, indicating a decrease of 17.5%[34] Inventory and Receivables - Accounts receivable increased by 37.00% due to the growth in gas fees[13] - Inventory rose by 48.16% as a result of gas injection into storage facilities[13] - Accounts receivable increased to RMB 204,651,701.50, up 37% from RMB 149,381,728.81 in the previous year[21] - Contract liabilities increased to RMB 1,695,548,122.77, up 31.3% from RMB 1,292,112,081.55[25] Borrowings - Short-term borrowings decreased significantly to RMB 162,179,833.34 from RMB 348,800,000.00, a reduction of 53.5%[25]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,753,284,195.87, representing a 20.52% increase compared to CNY 3,114,270,577.26 in the same period last year[24]. - The net profit attributable to shareholders of the listed company reached CNY 224,019,208.32, a 53.86% increase from CNY 145,600,390.68 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 194,814,290.05, up 51.00% from CNY 129,016,902.30 year-on-year[24]. - Basic earnings per share for the reporting period were CNY 0.143, reflecting a 52.13% increase from CNY 0.094 in the same period last year[24]. - Total profit amounted to 261 million RMB, reflecting a year-on-year growth of 42.98%[35]. - The company's total comprehensive income for the first half of 2021 was CNY 70,294,244.80, compared to CNY 15,921,395.01 in the first half of 2020, marking an increase of approximately 341.5%[129]. Cash Flow and Assets - The net cash flow from operating activities decreased by 31.63% to CNY 339,420,599.35, down from CNY 496,447,645.95 in the same period last year[24]. - The company reported a net cash outflow from investing activities of CNY 2,845,192.30 in the first half of 2021, indicating ongoing investments in growth initiatives[129]. - The total assets at the end of the reporting period were CNY 9,184,216,633.96, a 1.12% increase from CNY 9,082,647,449.05 at the end of the previous year[24]. - The company reported a decrease in cash and cash equivalents by 13.26% to 1.40 billion RMB[38]. - The company's total current assets of approximately CNY 2.14 billion as of June 30, 2021, down from CNY 2.35 billion at the end of 2020, representing a decrease of about 9%[109]. Investments and Acquisitions - The company acquired stakes in Zhongliangshan Yunen Company and Shengran Energy Company, and made additional investments in natural gas storage and transportation[34]. - The company plans to acquire assets from its controlling shareholder, with a total estimated transaction price ranging from 203 million to 254 million yuan[82]. - The acquisition includes a 13% stake in the Chongqing Oil and Gas Trading Center, a 49% stake in Chongqing Zhongliangshan YN Gas Co., and a 30% stake in Chongqing Shengran Energy Co., with a total transaction price of approximately 218.96 million yuan[82]. Operational Highlights - The company reported a total gas supply of 1.82 billion cubic meters in the first half of 2021, accounting for 31% of the total natural gas supply in Chongqing[32]. - The company served 5.37 million customers by the end of the reporting period, making it the largest urban gas supplier in Chongqing[32]. - The company launched 7 distributed energy projects, with the latest project being the Chongqing Environmental Technology Industrial Park[34]. - The company conducted over 60,000 safety inspections and trained 30,000 personnel in safety management during the reporting period[34]. Research and Development - Research and development expenses surged by 364% to 1.11 million RMB compared to the previous year[37]. - The company holds 3 new patents and has 14 patents pending, reflecting its commitment to research and technological innovation[34]. - The company established specific criteria for capitalizing research and development expenses[179]. Risks and Challenges - The company has highlighted potential risks in its management discussion and analysis section, advising investors to be cautious[7]. - The company faces external risks due to uncertainties in the macro and industry environments, exacerbated by the ongoing COVID-19 pandemic and complex international situations[54]. - Safety risks remain significant, with aging infrastructure and third-party damages posing challenges to safe operations[54]. Shareholder Information - The company has a total of 35,805 common shareholders as of the end of the reporting period[96]. - The largest shareholder, Chongqing Energy Investment Group Co., Ltd., holds 645,420,000 shares, accounting for 41.07% of the total shares, with 75,637,792 shares frozen[97]. - The company has implemented a restricted stock incentive plan, which has been approved by the Chongqing State-owned Assets Supervision and Administration Commission[62]. Legal and Compliance - The company is currently handling a court case involving a compensation claim of over 66 million RMB related to land rental disputes[43]. - The company received a final judgment from the Chongqing High People's Court, requiring it to pay 1.6 million yuan in land occupation compensation, which will not significantly impact profits[79]. - The company strictly adhered to environmental laws and regulations, with no administrative penalties or environmental pollution incidents reported during the operating period[65].

Financial Performance - The company's operating revenue for 2020 was CNY 6,821,208,133.72, a decrease of 3.02% compared to CNY 7,033,452,755.31 in 2019[24] - The net profit attributable to shareholders for 2020 was CNY 376,303,569.24, down 6.44% from CNY 402,203,076.60 in 2019[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 326,624,976.54, a decrease of 2.21% compared to CNY 334,015,080.74 in 2019[24] - Basic earnings per share for 2020 was CNY 0.24, a decrease of 7.69% compared to CNY 0.26 in 2019[25] - Total profit for the year was 424 million yuan, a decrease of 14.74% year-on-year[47] - The weighted average return on equity decreased to 8.70% in 2020 from 9.88% in 2019, a reduction of 1.18 percentage points[25] Cash Flow and Assets - The net cash flow from operating activities increased by 29.07% to CNY 667,097,383.95 in 2020 from CNY 516,860,404.97 in 2019[24] - The company reported a net cash flow from operating activities of CNY -178,997,997.06 in Q4 2020, indicating a cash outflow[28] - The net assets attributable to shareholders at the end of 2020 were CNY 4,447,526,830.42, an increase of 5.83% from CNY 4,202,622,395.46 at the end of 2019[24] - Total assets at the end of 2020 were CNY 9,082,647,449.05, reflecting a 5.40% increase from CNY 8,617,532,521.47 at the end of 2019[24] Dividends and Shareholder Returns - The proposed cash dividend for 2020 is CNY 0.85 per 10 shares, totaling CNY 133,563,900 (including tax) based on a total share capital of 1,571,340,000 shares[6] - The cash dividend payout ratio for 2020 was 35.49% of the net profit attributable to ordinary shareholders, compared to 32.88% in 2019[91] - The company has maintained a consistent cash dividend distribution strategy, adhering to the guidelines set by the China Securities Regulatory Commission[90] Business Operations and Market Position - The company’s main business includes urban gas operation, with a focus on pipeline gas supply and installation services, which remains unchanged during the reporting period[38] - The company is the largest urban gas operator in Chongqing, providing essential gas supply services for social and economic development[38] - The performance is primarily driven by the increase in customer numbers and gas sales volume, along with cost control measures[38] - The total gas supply reached 3.361 billion cubic meters, accounting for approximately 31% of the total gas supply in Chongqing[41] - The company served 5.28 million customers by the end of the reporting period, making it the largest urban gas supplier in Chongqing[41] Investments and R&D - The company invested 1.2% of its main revenue in R&D and technology innovation during the reporting period[41] - The company plans to allocate at least 1% of its main revenue to technology research and development expenses[83] - The company is investing heavily in R&D, with a budget allocation of 711.9 million for new technologies and product development[147] Risks and Challenges - The company emphasizes the importance of objective conditions for the realization of future plans and strategies, highlighting potential investment risks[7] - The company has described potential risks in its future development in the report, which investors should review[8] - The company faces risks from external environments, operational challenges, and safety management issues[84] Governance and Compliance - The company has engaged Xinyong Zhonghe Accounting Firm for the 2020 audit, with a remuneration of RMB 1.2 million[98] - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[166] - The company’s governance structure includes independent directors and a remuneration committee to oversee compensation practices[161] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 4,001, with 2,060 in the parent company and 1,941 in major subsidiaries[168] - A total of 51 training programs were implemented in 2020, with 6,164 participants, highlighting the company's commitment to employee development[170] - The company has implemented a performance-based compensation system, enhancing the link between pay and value contribution[169] Future Outlook - The company plans to supply a total of 3.62 billion cubic meters of gas in 2021, with a target of 220,000 new installations[83] - The company aims to achieve an operating revenue of 7.2 billion yuan and a total profit of 520 million yuan in 2021[83] - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[149]

Financial Performance - Operating revenue rose by 35.18% to CNY 2,001,367,618.43 year-on-year[12] - Net profit attributable to shareholders increased by 78.04% to CNY 94,628,680.77 compared to the same period last year[12] - Total profit for the period was CNY 109,818,530.00, up 79.48% from CNY 61,186,209.39 in the previous year[20] - Basic earnings per share increased by 76.47% to CNY 0.060[12] - Net profit for Q1 2021 was 94,841,758.43, up from 50,827,986.92 in Q1 2020, reflecting an increase of approximately 87%[43] - The total profit for Q1 2021 was 109,818,530.00, compared to 61,186,209.39 in Q1 2020, representing an increase of approximately 80%[43] Cash Flow - Net cash flow from operating activities surged by 631.31% to CNY 168,679,261.99[12] - Net cash flow from operating activities was CNY 168,679,261.99, a significant increase of 631.31% compared to CNY 23,065,293.61[20] - The net cash flow from operating activities for Q1 2021 was approximately ¥168.68 million, a significant increase from ¥23.07 million in Q1 2020[53] - The company reported a net cash outflow from investing activities of CNY -123,490,467.78, an increase of 31.17% compared to CNY -94,143,917.08[20] - The net cash flow from investing activities in Q1 2021 was approximately -¥123.49 million, worsening from -¥94.14 million in Q1 2020[55] Assets and Liabilities - Total assets increased by 3.28% to CNY 9,380,275,318.18 compared to the end of the previous year[12] - The total liabilities increased to CNY 2,828,920,555.99 from CNY 2,551,023,118.00, indicating a growth in financial obligations[29] - Total current assets as of January 1, 2021, amounted to CNY 2,352,978,950.88, unchanged from December 31, 2020[62] - Total liabilities reached CNY 4,270,870,093.47, with current liabilities accounting for CNY 2,551,023,118.00[67] - Total assets amounted to approximately $7.87 billion, with current assets at about $2.08 billion and non-current assets at approximately $5.79 billion[69] Shareholder Information - The total number of shareholders reached 50,792 by the end of the reporting period[15] - The largest shareholder, Chongqing Energy Investment Group, holds 41.07% of the shares, with 645,420,000 shares[15] Revenue and Costs - Operating costs amounted to CNY 1,818,962,697.06, reflecting a year-on-year increase of 34.73% from CNY 1,350,037,732.54[20] - Total operating costs for Q1 2021 were 1,921,590,691.43, compared to 1,436,792,004.89 in Q1 2020, indicating an increase of about 34%[41] Investment Income - Investment income surged to CNY 22,525,449.06, representing a 257.85% increase from CNY 6,294,609.25[20] - Investment income for Q1 2021 was 22,525,449.06, significantly higher than 6,294,609.25 in Q1 2020, showing an increase of approximately 258%[41] Expenses - Management expenses rose to CNY 62,089,242.50, a year-on-year increase of 60.67% from CNY 38,644,345.45[20] - Research and development expenses for Q1 2021 totaled 348,622.10, compared to 115,790.15 in Q1 2020, indicating an increase of about 200%[41] - Financial expenses showed a significant improvement, with a gain of CNY 12,626,134.54 compared to a loss of CNY 933,421.59 in the previous year, marking a change of -1452.67%[20] Equity - Owner's equity reached ¥3,965,866,835.17, up from ¥3,918,606,412.42, showing a growth of around 1.2%[37] - The total equity attributable to shareholders was CNY 4,447,526,830.42, reflecting a stable financial position[67]