证券代码：600917 证券简称：重庆燃气 公告编号：2020-056 重庆燃气集团股份有限公司 关于参加"重庆辖区上市公司 2020 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"重庆辖区上市公司 2020 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：2020 年 11 月 26 日（星期四）15:00——16:30。 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"一对多"的在线交流，回答投资者 ...

Financial Performance - Net profit attributable to shareholders decreased by 5.94% to CNY 292,434,100.17 for the year-to-date period[18]. - Operating revenue decreased by 8.60% to CNY 4,681,361,108.94 for the year-to-date period[18]. - Basic and diluted earnings per share decreased by 6.00% to CNY 0.188[18]. - The company reported a net profit of ¥751,648,035.88, down from ¥795,523,120.85, a decrease of approximately 5.5%[47]. - The company reported a total profit of approximately ¥173.14 million for Q3 2020, compared to ¥147.91 million in Q3 2019, an increase of 17.1%[55]. - The net profit for Q3 2020 was CNY 72,103,778.04, down from CNY 211,187,030.26 in Q3 2019, representing a decline of 65.8%[63]. - The total comprehensive income for Q3 2020 was CNY 72,103,778.04, compared to CNY 211,187,030.26 in the same period last year, indicating a significant drop[65]. Assets and Liabilities - Total assets increased by 10.07% to CNY 9,484,906,585.36 compared to the end of the previous year[18]. - Total liabilities increased to ¥4,390,934,240.75, up from ¥2,003,868,559.46, reflecting significant changes in short-term borrowings and contract liabilities[40]. - Total current assets amounted to CNY 2,244,427,811.19, with a significant increase in accounts receivable to CNY 163,550,273.19, up from CNY 139,089,564.28, reflecting a change of CNY -24,460,708.91[78]. - The total liabilities reached CNY 4,011,844,628.28, with current liabilities totaling CNY 2,003,868,559.46, indicating a decrease of CNY 1,642,061,317.53 compared to previous figures[81]. - The company holds long-term equity investments valued at CNY 639,297,161.89, indicating stability in its investment portfolio[78]. Cash Flow - Net cash flow from operating activities increased by 42.27% to CNY 846,095,381.01 for the year-to-date period[18]. - The cash flow from operating activities for the first three quarters of 2020 was CNY 846,095,381.01, an increase from CNY 594,700,384.51 in the same period of 2019, reflecting a growth of 42.4%[68]. - The cash inflow from operating activities in the first three quarters of 2020 totaled CNY 5,607,833,575.74, a decrease of 7.9% from CNY 6,089,705,825.44 in the same period of 2019[68]. - The total cash inflow from operating activities was ¥3,502,978,859.39, down 12.1% from ¥3,986,675,458.27 year-on-year[72]. - The net cash flow from investing activities was -¥221,791,991.21, compared to -¥175,225,971.22 in the same period last year[75]. Shareholder Information - Total number of shareholders reached 29,429 at the end of the reporting period[21]. - The largest shareholder, Chongqing Energy Investment Group, holds 41.48% of the shares[21]. Government and Non-Operating Income - Government subsidies recognized in the current period amounted to CNY 10,022,785.47[20]. - Non-operating income and expenses totaled CNY 11,052,634.95 for the current period[20]. - Non-operating income increased to ¥27,551,510.05, an 82.20% rise from ¥15,121,913.87, due to higher government subsidies received[28]. Investments and R&D - Research and development expenses for Q3 2020 were approximately ¥88,642, a significant decrease from ¥233,655 in Q3 2019, down by 62.0%[51]. - The investment income for Q3 2020 was CNY 13,255,876.29, a significant decrease from CNY 185,423,297.18 in Q3 2019, showing a decline of 92.9%[63]. Market Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the upcoming quarters[90].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,114,270,577.26, a decrease of 12.68% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 145,600,390.68, down 21.33% year-on-year[19]. - The net cash flow from operating activities increased by 108.40% to CNY 496,447,645.95 compared to the previous year[19]. - The total assets at the end of the reporting period were CNY 9,178,750,761.99, reflecting a 6.51% increase from the end of the previous year[19]. - The basic earnings per share decreased to CNY 0.094, down 21.01% from CNY 0.119 in the same period last year[20]. - The weighted average return on net assets was 3.42%, a decrease of 1.20 percentage points compared to the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 129,016,902.30, a decline of 24.46% year-on-year[19]. - The total profit for the first half of 2020 was 182 million yuan, a year-on-year decrease of 22.38%[36]. - The company reported a net profit of 5,275.85 million RMB from its investment in Sinopec Chongqing Natural Gas Pipeline Co., Ltd., which has total assets of 220,541.62 million RMB[49]. - The company reported a net profit distribution of -124,480,000.00 RMB during the period, indicating a loss in retained earnings[129]. Operational Highlights - The total gas supply for the group was 1.589 billion cubic meters, a year-on-year decrease of 16.98%, accounting for 30.86% of the total natural gas supply in Chongqing[30]. - The company served 5.18 million customers, making it the largest urban gas supplier in Chongqing[30]. - The company has established a stable cooperative relationship with upstream gas suppliers, enhancing its gas supply channels to eight[32]. - The company has achieved a total energy supply of 639,000 kWh for five distributed energy projects during the reporting period[33]. - The company’s pipeline gas supply and installation services remain its core business, with no significant changes reported during the period[26]. - The company has a market share of over 80% in the urban gas distribution network in Chongqing[30]. - The company has launched a comprehensive service APP for customers and an internal management APP, enhancing service efficiency[33]. - The company has received multiple national awards for its operational management and service quality, reflecting its strong brand advantage[29]. Investment and Financial Strategy - The company plans to invest a total of 320 million RMB in the establishment of "Chongqing Yuxi Natural Gas Pipeline Co., Ltd." with an initial investment of 128 million RMB, holding a 32% stake[47]. - The company has adjusted its total planned investment for 2020 to 1.673 billion RMB, an increase of 83.42 million RMB or 5.25% from the initial plan[54]. - The company is actively pursuing partnerships with major state-owned enterprises to expand its market presence and resource acquisition[33]. - The company is undergoing a mixed-ownership reform to attract strategic investors as per the directives from the Chongqing municipal government[75]. Risks and Challenges - The company has outlined potential risks in its future development in the report, advising investors to be cautious[7]. - The company faces significant policy risks due to the acceleration of natural gas price marketization and the challenges in sourcing high-priced upstream gas, which may compress profit margins[53]. - The company anticipates that the ongoing COVID-19 pandemic will have a notable impact on its operating performance for the first half of 2020, with uncertainty regarding the achievement of annual performance targets[54]. - The company is facing operational risks due to a slowdown in urbanization and challenges in expanding its business in the context of market reforms and increased competition from other clean energy sources[53]. - The company is exposed to exchange rate risks due to its major borrowings being in Japanese yen, which could significantly affect financial expenses and overall profit[53]. Shareholder and Governance Information - The company has a total of 30,469 common stock shareholders as of the end of the reporting period[79]. - The top four shareholders hold a combined 89.97% of the shares, with Chongqing Energy Investment Group holding 41.48%[79]. - The company did not propose any profit distribution or capital reserve increase for the first half of 2020, with no dividends or bonus shares issued[58]. - The company committed to maintaining its status as the largest shareholder and controlling entity of Chongqing Gas during the tender offer period, ensuring no changes occur[59]. - The company’s board of directors saw changes, with Dong Ning resigning as vice general manager and two new employee supervisors elected[85]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, reflecting the company's profitable operating history and financial resources[156]. - The company adheres to specific accounting policies tailored to its operational characteristics, including revenue recognition and fixed asset depreciation[157]. - The company recognizes financial assets based on the business model and cash flow characteristics, classifying them into categories such as amortized cost and fair value[172]. - The company measures cash equivalents as short-term, highly liquid investments that are easily convertible to known amounts of cash[170]. - The company recognizes expected credit losses for bank acceptance bills as low due to unconditional payment by the accepting bank at maturity, with a default probability of 0[179]. Asset Management - Total current assets increased to ¥2,698,512,571.47 as of June 30, 2020, up from ¥2,244,427,811.19 on December 31, 2019, representing a growth of approximately 20.2%[92]. - Cash and cash equivalents rose to ¥1,901,955,787.23, compared to ¥1,457,753,545.74, marking an increase of about 30.4%[92]. - Accounts receivable increased to ¥217,469,112.17 from ¥163,550,273.19, reflecting a growth of approximately 33%[92]. - Inventory grew to ¥113,962,800.76, up from ¥83,079,399.51, indicating a rise of around 37%[92]. - Total liabilities increased to ¥4,548,804,117.99 from ¥4,011,844,628.28, which is an increase of about 13.3%[97].

Financial Performance - The company's operating revenue for 2019 was CNY 7,033,452,755.31, representing a 10.39% increase compared to CNY 6,371,596,474.03 in 2018[26] - The net profit attributable to shareholders of the listed company was CNY 402,203,076.60, an increase of 15.69% from CNY 347,670,559.76 in the previous year[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 334,015,080.74, up 13.97% from CNY 293,082,037.06 in 2018[26] - The net cash flow from operating activities was CNY 516,860,404.97, showing a slight increase of 0.94% compared to CNY 512,026,750.39 in 2018[26] - The net assets attributable to shareholders of the listed company at the end of 2019 were CNY 4,202,622,395.46, a 6.89% increase from CNY 3,931,562,772.79 at the end of 2018[26] - Total assets at the end of 2019 amounted to CNY 8,617,532,521.47, reflecting a 3.18% increase from CNY 8,351,814,082.88 in 2018[26] - Basic earnings per share for 2019 was CNY 0.26, an increase of 18.18% compared to CNY 0.22 in 2018[28] - The company's operating revenue reached 7.033 billion yuan, a year-on-year growth of 10.39%, while the total profit amounted to 497 million yuan, up 12.69%[50] - The net profit attributable to shareholders was 402 million yuan, reflecting a year-on-year increase of 15.69%[50] Cash Flow and Assets - Cash and cash equivalents at the end of the period amounted to 145,775.35 million, representing 16.92% of total assets, a decrease of 6.07% compared to the previous period[62] - Accounts receivable decreased by 17.04% to 16,355.03 million, accounting for 1.90% of total assets[62] - Prepayments increased significantly by 54.03% to 37,274.13 million, now representing 4.33% of total assets, attributed to the expansion of gas sales business[62] - Total current assets reached 224,442.78 million, accounting for 26.04% of total assets, with a slight increase of 0.70% from the previous period[65] - Fixed assets increased by 19.61% to 445,523.29 million, now making up 51.70% of total assets, due to the completion of construction projects[65] - Total liabilities decreased slightly by 0.55% to 401,184.46 million, representing 46.55% of total assets[65] - Short-term borrowings decreased by 26.94% to 8,000.00 million, accounting for 0.93% of total liabilities[65] - Accounts payable decreased by 31.75% to 31,260.38 million, now representing 3.63% of total liabilities, due to timely settlements with suppliers[65] Operational Highlights - The company is the largest urban gas operator in Chongqing, providing essential gas supply and services to the local economy[39] - The company’s performance is primarily driven by the increase in customer numbers and gas sales volume[40] - The company achieved a total gas supply of 3.703 billion cubic meters in 2019, representing a year-on-year increase of 7.88%, and accounted for 35.77% of the total gas supply in Chongqing[49] - The company served 5.12 million customers by the end of the reporting period, with 259,400 new installations during the year[49] - The company reduced its transmission loss by 6.06 million cubic meters, achieving a transmission loss rate of 2.95%, the best level in history[49] Strategic Initiatives - The company is actively expanding its LNG full industry chain development, including upstream investments in LNG liquefaction plants[37] - The company aims to enhance customer satisfaction through innovative service mechanisms and has been recognized as a "People's Satisfied Brand" in Chongqing[41] - The company has invested in new energy service platforms and is actively developing distributed energy markets[47] - The company has completed the construction of a provincial-level gas pipeline geographic information platform, achieving full coverage with IoT smart device management[47] Future Outlook and Challenges - The company anticipates that the natural gas industry will have broad development space in the long term, with opportunities outweighing challenges[76] - The company plans to supply a total of 3.58 billion cubic meters of gas in 2020, with a target of adding 220,000 new users and controlling the transmission loss rate to within 4%[80] - The projected operating revenue for 2020 is 7.3 billion yuan, with a total profit of 500 million yuan, and total planned capital investment of 1.5893 billion yuan[80] - The company has faced significant impacts on its first-quarter performance due to the COVID-19 pandemic, leading to uncertainties in achieving the 2020 operational targets[80] - The company aims to enhance its competitiveness and innovation capabilities while ensuring safe and stable gas supply as part of its strategic goals[85] Corporate Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy of its financial statements[5] - The company has not reported any significant changes in its financial condition or performance that would impact its goodwill impairment testing[95] - The company has established an internal control audit report, confirming the effectiveness of financial reporting internal controls[170] - The independent auditor confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2019[175] Shareholder Information - The company has maintained a cash dividend policy, distributing 0.85 yuan per 10 shares in 2019, totaling 132.26 million yuan, which represents 32.88% of the net profit attributable to ordinary shareholders[91] - The company has committed to a three-year shareholder dividend return plan from 2018 to 2020, emphasizing reasonable returns to investors[87] - The total number of ordinary shareholders at the end of the reporting period is 37,891, an increase from 33,783 in the previous month[119] - The largest shareholder, Chongqing Energy Investment Group Co., Ltd., holds 645,420,000 shares, accounting for 41.48% of the total shares[119] Social Responsibility - The company provided assistance to 76 impoverished households, investing a total of 365,900 yuan in poverty alleviation efforts in 2019[111] - The company actively engages in social responsibility, publishing its annual social responsibility report in electronic format[112] - The company is committed to providing safe, economical, low-carbon, and efficient clean energy, promoting comprehensive utilization of clean energy[115]

Financial Performance - Net profit attributable to shareholders decreased by 41.13% to CNY 53,150,458.98 year-on-year[11] - Operating revenue declined by 20.40% to CNY 1,480,575,235.32 compared to the same period last year[11] - Basic earnings per share fell by 41.38% to CNY 0.034 compared to the previous year[11] - The weighted average return on equity decreased by 1.02 percentage points to 1.26%[11] - Total profit decreased to ¥61,186,209.39 from ¥111,938,873.33, a decline of 45.34% attributed to reduced gas sales volume and increased foreign exchange losses[18] - Net profit attributable to shareholders fell to ¥53,150,458.98 from ¥90,290,751.89, representing a decrease of 41.13%[18] - Net profit for Q1 2020 was ¥50,827,986.92, a decline of 46.4% from ¥95,126,664.68 in Q1 2019[41] - The total profit for Q1 2020 was ¥61,186,209.39, a decrease of 45.0% from ¥111,938,873.33 in Q1 2019[38] - The company reported a total profit of ¥9,313,849.78 for Q1 2020, down from ¥40,532,603.72 in Q1 2019[43] Cash Flow - Net cash flow from operating activities decreased by 34.49% to CNY 23,065,293.61 year-on-year[11] - The net cash flow from financing activities dramatically increased to ¥296,151,242.26 from ¥3,095,786.97, a change of -9466.27% due to special re-loans from the People's Bank of China[18] - Cash flow from operating activities for Q1 2020 was ¥23,065,293.61, compared to ¥35,210,236.27 in Q1 2019[47] - Cash flow from investing activities for Q1 2020 showed a net outflow of ¥94,143,917.08, compared to a net outflow of ¥106,144,774.90 in Q1 2019[49] - Cash inflow from financing activities totaled $300,000,000.00, with cash outflows for dividends and interest payments amounting to $402,666.67[51] - The net cash flow from financing activities was $299,597,333.33, reflecting a strong financing position[51] - The net increase in cash and cash equivalents was $233,560,186.33, a significant improvement from the previous decrease of -$73,824,738.21[51] Assets and Liabilities - Total assets increased by 3.98% to CNY 8,960,311,494.98 compared to the end of the previous year[11] - Total liabilities increased to ¥4,003,704,753.76, up from ¥3,763,667,250.64, representing a growth of approximately 6.4%[35] - Non-current liabilities, including long-term borrowings, increased to ¥184,154,294.31 from ¥180,186,009.06, indicating a slight rise in financial obligations[26] - Total non-current liabilities decreased to ¥897,802,637.41 from ¥922,908,300.97, showing a decline of approximately 2.7%[35] - Current assets totaled ¥2,264,271,127.78, up from ¥2,005,424,707.60, reflecting a rise of approximately 12.9%[32] - Cash and cash equivalents rose to ¥1,610,960,011.39 from ¥1,377,399,825.06, marking an increase of about 16.9%[32] - Total equity attributable to shareholders reached ¥4,265,496,145.09, up from ¥4,202,622,395.46, representing an increase of about 1.5%[35] Shareholder Information - The number of shareholders at the end of the reporting period was 33,783[14] - The top shareholder, Chongqing Energy Investment Group Co., Ltd., holds 41.48% of the shares[14] - There are no reported related party relationships among the top shareholders[17] Operational Metrics - Accounts receivable increased to ¥305,235,359.93 from ¥163,550,273.19, a rise of 86.63% due to increased gas supply during the pandemic[18] - Short-term borrowings surged to ¥378,000,000.00 from ¥80,000,000.00, reflecting a 372.50% increase due to special re-loans supported by the People's Bank of China for epidemic prevention[18] - Inventory increased to ¥61,759,510.58 from ¥52,788,833.11, reflecting a growth of about 16.8%[32] - Research and development expenses increased significantly to ¥115,790.15 in Q1 2020 from ¥900.00 in Q1 2019[38] - Tax expenses for Q1 2020 were ¥10,358,222.47, a decrease of 38.5% compared to ¥16,812,208.65 in Q1 2019[38]

证券代码：600917 证券简称：重庆燃气 公告编号：2019-029 重庆燃气集团股份有限公司 关于参加"重庆辖区上市公司 2019 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。 为提高上市公司规范运作水平，推动重庆辖区上市公司进一步做好投 资者关系管理工作，在重庆证监局指导下，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辖区上市公司 2019 年 投资者网上集体接待日活动。主题活动及网上交流定于 2019 年 11 月 6 日（星期三）15:00-17:00 举行，投资者可以登录上证路演中心网站 （http://roadshow.sseinfo.com/）参与本次活动。 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"一对多"的在线交流，回答投资者关心的问题。欢迎广大投 资者积极参与。 特此公告 重庆燃气集团股份有限公司董事会 2019 年 11 月 4 日 ...

Financial Performance - Net profit attributable to shareholders of the listed company was ¥310,900,741.79, reflecting a growth of 9.84% year-on-year[18]. - Operating revenue for the period was ¥5,121,679,871.60, representing a 16.33% increase compared to the same period last year[18]. - Basic earnings per share rose to ¥0.20, an increase of 11.11% compared to the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥290,207,778.10, a year-on-year increase of 21.42%[18]. - The company's net profit for Q3 2019 was approximately ¥129.76 million, an increase from ¥94.83 million in Q3 2018, representing a growth of 36.8%[52]. - Total operating revenue for Q3 2019 reached ¥1,555,308,839.40, an increase of 12.2% compared to ¥1,386,213,100.54 in Q3 2018[50]. - Net profit for the first three quarters of 2019 was ¥796,135,951.41, compared to ¥640,821,566.25 in the same period of 2018, indicating a growth of 24.3%[47]. - The company's total profit for the first three quarters of 2019 was ¥293.27 million, compared to ¥139.63 million in the same period of 2018, representing a growth of 110.0%[58]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,847,526,067.16, an increase of 5.94% compared to the end of the previous year[18]. - The total current assets as of September 30, 2019, amounted to ¥2,515,152,606.77, up from ¥2,228,793,445.01[33]. - The company’s long-term equity investments increased to ¥648,310,382.18 from ¥595,445,344.60[33]. - Total liabilities increased to $4.32 billion from $4.03 billion, representing a growth of approximately 7.2%[38]. - Current liabilities rose to $2.36 billion, compared to $2.04 billion in the previous period, indicating an increase of approximately 15.4%[35]. - Total liabilities amounted to approximately $4.03 billion, with total equity reaching about $4.32 billion, resulting in total assets of approximately $8.35 billion[78]. Cash Flow - Net cash flow from operating activities was ¥594,700,384.51, down 13.95% from the previous year[18]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in cash generation[18]. - Cash inflow from operating activities totaled CNY 6,089,705,825.44 in Q3 2019, compared to CNY 5,308,303,760.29 in Q3 2018, reflecting an increase of approximately 14.7%[63]. - Cash outflow from operating activities was CNY 5,495,005,440.93 in Q3 2019, up from CNY 4,617,209,136.92 in Q3 2018, indicating an increase of about 19.0%[63]. - Net cash flow from operating activities for the first three quarters of 2019 was CNY 594,700,384.51, down from CNY 691,094,623.37 in the same period of 2018, a decrease of about 14.0%[63]. - The ending cash and cash equivalents balance was CNY 1,587,242,192.81 as of Q3 2019, down from CNY 1,757,992,648.06 in Q3 2018[65]. Shareholder Information - The total number of shareholders is 37,332, with the top ten shareholders holding a combined 99.63% of shares[23]. - The largest shareholder, Chongqing Energy Investment Group Co., Ltd., holds 645,420,000 shares, accounting for 41.48%[23]. Expenses and Investments - Research and development expenses decreased by 76.07% to ¥1,171,551.89 from ¥4,895,062.46, attributed to reduced investment in technology development projects[26]. - The company received government subsidies amounting to ¥10,334,196.90, a 33.64% increase compared to the previous year[26]. - The company reported a decrease in financial expenses, with a net financial cost of approximately -¥2.20 million for the first three quarters of 2019, compared to -¥7.20 million in the same period of 2018[58]. - The company’s investment in fixed assets and intangible assets amounted to CNY 158,060,260.72, a decrease from CNY 177,163,785.39 in the same period last year[69].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 3,566,371,032.20, representing an increase of 18.23% compared to CNY 3,016,582,346.41 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 185,067,847.34, a decrease of 3.08% from CNY 190,942,864.02 in the previous year[19]. - The net cash flow from operating activities was CNY 238,218,371.06, down 60.35% from CNY 600,765,757.26 in the same period last year[19]. - The basic earnings per share for the first half of 2019 remained at CNY 0.12, unchanged from the same period last year[19]. - The diluted earnings per share also remained at CNY 0.12, consistent with the previous year[19]. - The weighted average return on net assets was 4.62%, a decrease of 0.34 percentage points from 4.96% in the same period last year[19]. - The company reported a 10.00% increase in basic earnings per share after deducting non-recurring gains and losses, rising from CNY 0.10 to CNY 0.11[19]. - The total profit for the first half of 2019 was 235 million RMB, with a year-on-year decline of 2.90%, completing 55.97% of the annual target of 420 million RMB[36]. - The comprehensive income total for the first half of 2019 was CNY 70,707,921.80, up from CNY 63,122,933.67 in the same period of 2018, reflecting a growth of approximately 12.6%[103]. - The total comprehensive income attributable to the parent company for the first half of 2019 was CNY 187,168,414.24, down from CNY 193,458,291.27 in the same period of 2018, indicating a decrease of about 3.5%[102]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,470,474,544.87, reflecting a 1.42% increase from CNY 8,351,814,082.88 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 3,999,269,237.50, an increase of 1.72% from CNY 3,931,562,772.79 at the end of the previous year[19]. - Total liabilities amounted to CNY 4,072,969,330.52, slightly up from CNY 4,034,191,423.29, indicating a growth of approximately 0.96%[85]. - Total equity increased to CNY 4,397,505,214.35 from CNY 4,317,622,659.59, reflecting a growth of about 1.85%[85]. - Cash and cash equivalents decreased by 10.41% to CNY 139,048 million, down from CNY 155,202 million[40]. - Accounts receivable rose by 26.37% to CNY 24,913 million, compared to CNY 19,714 million in the previous period[40]. - Inventory increased by 3.28% to CNY 8,638 million, up from CNY 8,364 million[40]. - Short-term borrowings decreased by 19.63% to CNY 8,800 million, down from CNY 10,950 million[40]. - Accounts payable decreased by 27.51% to CNY 33,205 million, compared to CNY 45,805 million in the previous period[40]. Operational Highlights - The company operates in the pipeline gas supply and service sector, with core business remaining unchanged during the reporting period[26]. - The company holds a market share of 37.9% in Chongqing's natural gas consumption, with residential gas accounting for 56% of the total[26]. - The company achieved a gas supply volume of 1.914 billion cubic meters in the first half of 2019, a year-on-year increase of 13.28%, completing 57.13% of the annual target of 3.35 billion cubic meters[36]. - The company is focusing on pipeline gas development, expanding into residential and heating markets, and exploring industrial and CNG market potential[31]. - The company is actively expanding its LNG and distributed energy supply projects to ensure sustainable future growth[26]. - The company has made significant progress in LNG market development, including the operation of the Chaoyuan LNG gasification peak-shaving station and the launch of the Sujia LNG refueling station[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,889[68]. - The largest shareholder, Chongqing Energy Investment Group, holds 41.48% of the shares, with a decrease of 155,600,000 shares during the reporting period[69]. - The second-largest shareholder, China Resources Gas (China) Investment Co., holds 22.49% of the shares, with no change during the reporting period[69]. Corporate Governance and Compliance - The company has not disclosed any significant risks or non-operating fund occupation by controlling shareholders and their related parties[7]. - The company has ongoing litigation regarding property damage compensation from Chongqing Junfeng Real Estate Co., Ltd.[57]. - The company has committed to avoiding competition with related parties, with commitments valid until September 30, 2019[53]. - The company has not reported any major related party transactions during the reporting period[61]. - The company has not made any changes to its accounting firm during the audit period[55]. - There are no significant lawsuits or arbitration matters reported for the current period[57]. Research and Development - Research and development expenses were reported at ¥937,896.15, a significant decrease from ¥4,820,236.94 in the previous year, indicating a focus on cost management[96]. - The company reported an investment income of ¥25,321,878.47, up from ¥17,446,668.17, reflecting improved performance in investments[96]. Cash Flow Analysis - Operating cash inflow for the first half of 2019 was CNY 4,096,568,526.91, an increase of 14.0% compared to CNY 3,591,933,187.56 in the first half of 2018[107]. - Net cash flow from operating activities decreased to CNY 238,218,371.06 from CNY 600,765,757.26, representing a decline of 60.4% year-over-year[107]. - Cash inflow from investment activities totaled CNY 12,101,862.16, down from CNY 29,723,838.48, a decrease of 59.3%[109]. - Cash inflow from financing activities was CNY 13,910,000.00, significantly lower than CNY 34,358,384.68 in the same period last year[109]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position and performance[157]. - The accounting policies and estimates are tailored to the company's operational characteristics, including revenue recognition and inventory measurement[156]. - The company consolidates all controlled subsidiaries in its financial statements, adjusting for any inconsistencies in accounting policies or periods[164].

Financial Performance - Operating revenue rose by 15.07% to CNY 1,860,112,620.24 year-on-year[12] - Net profit attributable to shareholders decreased by 15.72% to CNY 90,290,751.89 compared to the same period last year[12] - Basic and diluted earnings per share fell by 14.29% to CNY 0.06[12] - Total operating revenue for Q1 2019 was ¥1,860,112,620.24, an increase of 15.06% compared to ¥1,616,545,680.69 in Q1 2018[41] - Net profit for Q1 2019 was ¥95,126,664.68, a decrease of 11.06% from ¥106,972,691.26 in Q1 2018[41] - The company's net profit attributable to shareholders for Q1 2019 was CNY 90,290,751.89, a decrease from CNY 107,136,577.12 in Q1 2018, representing a decline of approximately 15.7%[43] - The company's total comprehensive income for Q1 2019 was CNY 36,441,722.57, down from CNY 46,413,454.88 in Q1 2018, reflecting a decline of approximately 21.5%[48] Cash Flow - Net cash flow from operating activities dropped significantly by 83.97% to CNY 35,210,236.27[12] - Net cash flow from operating activities decreased by 83.97%, dropping from CNY 219,639,523.66 to CNY 35,210,236.27 due to increased settlement payments and prepayments for upstream natural gas[21] - Cash flow from operating activities for Q1 2019 was CNY 35,210,236.27, significantly lower than CNY 219,639,523.66 in Q1 2018, indicating a decrease of approximately 84%[52] - Operating cash flow for Q1 2019 was negative at -32,160,224.91 RMB, compared to a positive 168,526,275.65 RMB in Q1 2018, indicating a significant decline in operational performance[54] - Cash inflow from operating activities totaled 1,290,252,693.54 RMB in Q1 2019, up from 1,130,771,883.95 RMB in Q1 2018, reflecting a year-over-year increase of approximately 14.1%[54] - Cash outflow from operating activities increased to 1,322,412,918.45 RMB in Q1 2019, compared to 962,245,608.30 RMB in Q1 2018, representing a rise of about 37.5%[54] Assets and Liabilities - Total assets increased by 1.87% to CNY 8,508,366,931.96 compared to the end of the previous year[12] - Total liabilities rose to CNY 4,092,315,184.98 from CNY 4,034,191,423.29, indicating an increase in financial obligations[31] - The company's total equity increased from CNY 4,317,622,659.59 to CNY 4,416,051,746.98, indicating a growth in shareholder value[31] - The company's cash and cash equivalents decreased from CNY 1,552,023,522.70 to CNY 1,484,184,771.04, reflecting a reduction in liquidity[24] - The company's total assets as of the reporting date were ¥7,479,411,645.57, compared to ¥7,398,123,849.12 from the previous period[38] - Total liabilities amounted to ¥3,870,040,202.99, an increase from ¥3,825,853,815.43 in the prior period[38] - The company's total equity reached ¥3,609,371,442.58, up from ¥3,572,270,033.69 in the previous period[38] Shareholder Information - The company had a total of 38,303 shareholders at the end of the reporting period[18] - The largest shareholder, Chongqing Energy Investment Group Co., Ltd., held 41.48% of the shares[18] Investment and Expenses - Investment income rose by 33.23% from CNY 9,952,453.53 to CNY 13,260,062.74, driven by profit growth from the joint venture Sinopec Tonghui Energy[21] - Financial expenses showed a significant decrease of 439.17%, with a net expense of CNY -6,570,568.82 compared to CNY 1,937,223.50 in the previous year, attributed to increased foreign exchange gains from yen loans[21] - Research and development expenses for Q1 2019 were ¥900.00, significantly lower than ¥3,429,451.49 in Q1 2018[41] - The financial expenses for Q1 2019 were CNY -7,214,760.98, a significant change from CNY 873,024.02 in Q1 2018, reflecting a shift towards a net financial income[46] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[12] - Accounts receivable increased by 38.38% from CNY 197,141,081.01 at the beginning of the year to CNY 272,812,852.60 due to an increase in gas fees receivable[21] - Construction in progress decreased by 35.77% from CNY 1,144,766,938.69 to CNY 735,340,062.49 as completed projects were transferred to fixed assets[21] - Other non-current assets decreased by 46.31% from CNY 22,350,000.00 to CNY 12,000,000.00 due to partial repayment of loans by Sinopec Tonghui Energy[21]

Financial Performance - The company's operating revenue for 2018 was CNY 6,371,596,474.03, representing an increase of 11.51% compared to CNY 5,714,054,694.35 in 2017[22]. - The net profit attributable to shareholders for 2018 was CNY 347,670,559.76, a decrease of 4.34% from CNY 363,429,196.12 in 2017[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 293,082,037.06, down 11.87% from CNY 332,562,992.90 in 2017[22]. - The net cash flow from operating activities increased by 47.12% to CNY 512,026,750.39 in 2018, compared to CNY 348,024,513.24 in 2017[22]. - The company's total assets at the end of 2018 were CNY 8,351,814,082.88, a 1.32% increase from CNY 8,243,091,647.60 at the end of 2017[22]. - The basic earnings per share for 2018 was CNY 0.22, a decrease of 4.35% from CNY 0.23 in 2017[23]. - The weighted average return on equity for 2018 was 9.01%, down 0.89 percentage points from 9.90% in 2017[23]. - Operating revenue was 6.372 billion yuan, a year-on-year growth of 11.51%, while total profit reached 441 million yuan[47][48]. Dividend Policy - The proposed cash dividend for 2018 is CNY 0.80 per 10 shares, totaling CNY 124.48 million, based on a total share capital of 1,556,000,000 shares[6]. - The company plans to distribute cash dividends of 0.80 RMB per 10 shares for the 2018 fiscal year, totaling 12,448,000 RMB, which represents 35.80% of the net profit attributable to shareholders[88]. - In 2017, the company distributed cash dividends of 1.30 RMB per 10 shares, totaling 20,228,000 RMB, which was 55.66% of the net profit attributable to shareholders[88]. - The company has implemented a cash dividend policy that exceeds regulatory requirements, ensuring reasonable returns for investors[87]. - The company has not made any adjustments to its cash dividend policy during the reporting period[87]. Audit and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The company is committed to maintaining accurate and complete financial reporting as stated by its management[4]. - The company has maintained compliance with commitments made during its IPO regarding shareholding intentions and competition avoidance[91]. - The company received an audit opinion stating that its financial statements fairly reflect its financial position and operating results as of December 31, 2018[176]. - The company maintained effective internal controls over financial reporting as per the audit conducted by Xinyong Zhonghe Accounting Firm[173]. - There were no significant deficiencies in internal controls reported during the year[171]. Market and Operations - The company operates in the natural gas sector, with significant reliance on suppliers like China National Petroleum Corporation and Sinopec[14]. - The company operates in urban pipeline gas supply and services, with a focus on natural gas supply and city pipeline construction[33]. - The company has expanded its natural gas supply coverage to 25 districts and counties in Chongqing and obtained gas operation rights in Hunan Province[34]. - The company achieved a total gas supply of 3.433 billion cubic meters in 2018, representing a growth rate of 34.5% compared to the previous year[41]. - The company serves 4.92 million customers, accounting for 59.28% of the total customers in Chongqing[41]. - The company has a market share of 34% of the total natural gas consumption in Chongqing[41]. - The company plans to supply a total of 3.35 billion cubic meters of gas in 2019, with a target of developing 250,000 new users and controlling the transmission loss rate within 4%[83]. Challenges and Risks - The company emphasizes the importance of objective conditions for the realization of future plans and strategies, highlighting potential investment risks[7]. - The company has faced operational risks due to a slowdown in urbanization and declining real estate development growth, impacting traditional business models[84]. - The company is exposed to exchange rate risks due to its major borrowings in Japanese yen, which can significantly affect financial expenses and overall profit[84]. - The natural gas industry is expected to face challenges from market competition and the need for transformation, but it also presents significant growth opportunities[78]. Corporate Governance - The company emphasizes the importance of corporate governance, adhering to laws and regulations to improve its governance structure and protect shareholder interests[159]. - The company has established a robust governance structure, enhancing the effectiveness of its board and committees[166]. - The board of directors consists of 11 members, including 4 independent directors, and has maintained stable operations during the reporting period[165]. - The company has committed to protecting the interests of all shareholders, particularly minority shareholders, through diligent governance practices[166]. - The company has actively engaged in the nomination and election of board members and supervisors to ensure effective governance[152]. Social Responsibility - The company actively fulfills its social responsibilities, with a dedicated report published for 2018[114]. - The company has established a poverty alleviation record for 69 households and has assisted 26 impoverished families in 2018[113]. - The company has made significant efforts to enhance its internal management and control systems to ensure compliance and operational efficiency[159]. Employee Management - The total number of employees in the parent company is 2,152, and the total number of employees in major subsidiaries is 1,912, resulting in a combined total of 4,064 employees[155]. - The company organized 54 training sessions throughout the year, training a total of 4,965 employees, with a focus on improving training quality through project management and feedback evaluation[157]. - The company has established a comprehensive salary management and performance evaluation system to enhance employee motivation and ensure their legal rights[156]. - The company has a total of 1,676 retired employees who require financial support[155]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 12% for the next fiscal year, targeting 1.68 billion[144]. - The company plans to enhance its digital platform, with an investment of 30 million to improve customer engagement and service delivery[144]. - The management team emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years[144].