深圳燃气 2017 年第三季度报告 公司代码：601139 公司简称：深圳燃气 深圳市燃气集团股份有限公司 2017 年第三季度报告 1 / 19 深圳燃气 2017 年第三季度报告 一、 重要提示 $$\mathbb{H}{\overline{{\mathbb{M}}}}$$ | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人李真、主管会计工作负责人王文杰及会计机构负责人（会计主管人员）杨玺保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 18,208,570,116.40 17,243,495,674.64 5.60 归属于上市公司 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 5,131,401,706.67, representing a 22.64% increase compared to CNY 4,184,192,677.93 in the same period last year[14]. - The net profit attributable to shareholders for the first half of 2017 was CNY 572,044,764.88, which is a 5.85% increase from CNY 540,447,802.05 in the previous year[14]. - The basic earnings per share for the first half of 2017 was CNY 0.26, a 4.00% increase from CNY 0.25 in the same period last year[15]. - Total profit reached CNY 745 million, reflecting a growth of 5.51% compared to the previous year[34]. - Natural gas sales revenue amounted to CNY 3.136 billion, growing by 18.21%, with sales volume reaching 1.062 billion cubic meters, a year-on-year increase of 18.92%[34]. - Liquefied petroleum gas sales revenue was CNY 1.312 billion, a year-on-year increase of 30.68%[32]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 17,551,075,795.62, reflecting a 1.78% increase from CNY 17,243,495,674.64 at the end of the previous year[14]. - The company's total liabilities decreased by 0.85% to CNY 9,105,154,389.17 from CNY 9,183,369,988.45 at the end of the previous year[14]. - The company reported a total equity attributable to shareholders of CNY 8,083,831,358.52, which is a 4.80% increase from CNY 7,713,487,994.87 at the end of the previous year[14]. - The total assets increased to 17.55 billion yuan, up from 17.24 billion yuan year-over-year[101]. - Total liabilities decreased to 9.11 billion yuan from 9.18 billion yuan year-over-year[101]. Cash Flow - The net cash flow from operating activities for the first half of 2017 was CNY 763,895,590.42, up 19.40% from CNY 639,785,756.63 in the same period last year[14]. - The company reported a net cash flow from operating activities of CNY 763.9 million, up 19.40% from the previous year[34]. - Cash flow from operating activities generated a net amount of ¥763,895,590.42, an increase of 19.4% compared to ¥639,785,756.63 in the previous period[113]. - The total cash inflow from operating activities was ¥5,464,906,733.76, up from ¥4,623,309,269.82 in the previous period, indicating a growth of 18.2%[113]. Market Presence and Strategy - The company operates in seven provinces with 30 cities holding gas supply concessions, primarily sourcing natural gas[20]. - The company has a stable customer base with 2.7 million pipeline gas users, covering a population of over 13 million[26]. - The company operates in 29 cities across Jiangxi, Anhui, and Guangxi, indicating a strong market expansion strategy[26]. - The government aims to increase natural gas consumption to 10% of primary energy consumption by 2020, which supports the company's growth outlook[22]. Risk Factors - The company faces risks from market reforms and international LNG supply impacting its operations and profitability[42]. Corporate Governance and Compliance - The company has engaged KPMG Huazhen LLP for financial and internal control audits for the fiscal year 2017, with total audit fees amounting to 1.86 million yuan[47]. - There were no significant litigation or arbitration matters reported during the reporting period[47]. - The company has confirmed that all commitments made by major shareholders and related parties have been fulfilled in a timely manner[46]. Social Responsibility - The company has invested RMB 292,000 in poverty alleviation efforts, helping 178 registered impoverished individuals to escape poverty[62]. - The company has completed 45 poverty alleviation projects with an investment of RMB 26.86 million, assisting 151 registered impoverished individuals[64]. - The company plans to achieve a 100% poverty exit rate for relatively impoverished households by the end of 2018[59]. Financial Instruments and Accounting Policies - The company recognizes foreign currency transactions at the exchange rate on the transaction date and translates monetary items at the exchange rate on the balance sheet date[146]. - The company's financial instruments include cash, bond investments, receivables, payables, and equity[147]. - Financial assets and liabilities are classified and measured based on the purpose of acquisition or assumption[148]. - The company assesses the carrying amount of financial assets for impairment, recognizing impairment losses when objective evidence indicates a decline in value[158]. Shareholder Information - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 1,107,997,523 shares, representing 50.04% of total shares[75]. - The total number of shares increased from 2,212,124,211 to 2,214,267,211, with an increase of 2,143,000 shares due to stock incentive plans[70]. - The company has not reported any major related party transactions during the reporting period[51].

Revenue and Profit - Total revenue for the first quarter was CNY 2,452,753,009.66, an increase of 22.44% compared to CNY 2,003,174,565.76 in the same period last year[11] - Net profit attributable to shareholders was CNY 218,755,588.29, up 5.89% from CNY 206,580,565.22 year-on-year[11] - Natural gas sales revenue reached CNY 153,053,000, an increase of 13.03% from CNY 135,405,000 in the previous year[11] - Liquefied petroleum gas wholesale sales revenue surged by 81.97% to CNY 49,524,000 from CNY 27,216,000 year-on-year[11] - Natural gas sales volume was 504 million cubic meters, an increase of 11.75% from 451 million cubic meters in the same period last year[11] - Operating revenue for Q1 2017 reached ¥2,452,753,009.66, an increase of 22.44% compared to ¥2,003,174,565.76 in Q1 2016[17] - Net profit for Q1 2017 reached CNY 229,408,022.38, representing a 5.5% increase from CNY 218,196,770.99 in Q1 2016[24] - Basic earnings per share remained stable at CNY 0.10 for both Q1 2017 and Q1 2016[24] Costs and Expenses - Operating costs increased by 27.79% to ¥1,855,805,077.52 from ¥1,452,255,822.38 year-on-year[17] - Total operating costs for Q1 2017 were CNY 2,153,333,079.70, up 25.2% from CNY 1,720,974,872.07 in Q1 2016[24] - Cash paid for goods and services increased by 42.27% to ¥1,881,862,409.25 from ¥1,322,730,472.64 year-on-year[16] - Cash outflow for employee payments increased to CNY 308,999,297.14, up 26.4% from CNY 244,323,314.28 year-on-year[27] Cash Flow - The company reported a net cash flow from operating activities of CNY 74,878,226.95, a decrease of 65.69% compared to CNY 218,257,019.06 in the previous year[6] - Operating cash inflow for Q1 2017 was CNY 2,568,181,769.82, an increase of 19.8% from CNY 2,143,647,177.57 in the previous period[27] - Net cash flow from operating activities decreased to CNY 74,878,226.95, down 65.6% from CNY 218,257,019.06 year-on-year[27] - Cash outflow from investment activities was CNY 665,631,537.57, compared to CNY 938,202,882.36 in the previous period, indicating a reduction of 29.0%[27] - Net cash flow from financing activities was CNY 3,568,829.39, a significant decrease from CNY 93,980,157.04 in the previous period[27] - Cash received from sales of goods and services was CNY 2,538,721,931.72, reflecting a growth of 20.5% from CNY 2,106,167,906.11 in the previous period[27] - The net increase in cash and cash equivalents for Q1 2017 was CNY -282,449,276.38, compared to an increase of CNY 24,990,170.63 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,228,485,675.23, a slight decrease of 0.09% from CNY 17,243,495,674.64 at the end of the previous year[6] - Total assets as of March 31, 2017, were ¥17,228,485,675.23, slightly down from ¥17,243,495,674.64 at the beginning of the year[19] - Total liabilities decreased to ¥8,931,067,460.23 from ¥9,183,369,988.45 year-on-year[20] - Current liabilities totaled CNY 5,377,536,993.94, a decrease of 4.8% from CNY 5,650,910,995.18 in the previous period[23] - The company's total equity increased to CNY 7,376,861,605.81, up from CNY 7,220,367,385.04 in the previous period[23] Borrowings and Financing - Short-term borrowings increased by 95.51% to CNY 1,986,765,229.57 from CNY 1,016,200,300.26 at the end of the previous year[13] - Short-term borrowings increased significantly by 177.26% to ¥1,283,646,609.07 from ¥462,971,028.81 year-on-year[16] - The company reported a significant increase in short-term borrowings, rising to CNY 1,313,000,000.00 from CNY 463,000,000.00 in the previous period[23] - Cash received from financing activities totaled CNY 2,183,646,609.07, an increase of 17.0% compared to CNY 1,865,781,044.81 in the previous period[27] - The company reported a significant increase in cash received from other financing activities, totaling CNY 900,000,000.00, down from CNY 1,400,000,000.00 in the previous period[29] Investment Income - Investment income decreased significantly by 174.90%, resulting in a loss of ¥1,720,376.30 compared to a profit of ¥2,296,868.28 in the previous year[17] - The company’s investment income showed a loss of CNY 1,720,376.30 compared to a gain of CNY 2,296,868.28 in the same period last year[24]

Financial Performance - The company's operating revenue for 2016 was CNY 8,508,946,951.38, representing a 6.80% increase compared to CNY 7,967,467,448.72 in 2015[17] - The net profit attributable to shareholders for 2016 was CNY 772,009,612.12, which is a 17.03% increase from CNY 659,661,697.66 in 2015[17] - The basic earnings per share for 2016 was CNY 0.35, a 12.90% increase compared to CNY 0.31 in 2015[19] - The weighted average return on equity for 2016 was 10.42%, an increase of 0.27 percentage points from 10.15% in 2015[19] - The company's total revenue for Q1 was approximately CNY 2.00 billion, Q2 was CNY 2.18 billion, Q3 was CNY 1.85 billion, and Q4 was CNY 2.48 billion[22] - Net profit attributable to shareholders for Q1 was CNY 210.59 million, Q2 was CNY 329.86 million, Q3 was CNY 208.03 million, and Q4 was CNY 23.53 million[22] - The company's total revenue for 2016 reached CNY 8,508,946,951.38, an increase of 6.77% compared to CNY 7,967,467,448.72 in 2015[176] - Net profit attributable to shareholders of the parent company was CNY 772,009,612.12, up from CNY 659,661,697.66, representing a growth of 17.00%[176] Assets and Liabilities - The total assets at the end of 2016 amounted to CNY 17,243,495,674.64, reflecting a 12.94% increase from CNY 15,268,107,349.76 in 2015[18] - The company's total liabilities increased by 17.47% to CNY 9,183,369,988.45 in 2016, up from CNY 7,817,530,018.91 in 2015[18] - The company's asset-liability ratio at the end of 2016 was 53.26%, an increase from 51.20% in 2015[18] - The total equity attributable to shareholders at the end of 2016 was CNY 7,713,487,994.87, an increase of 8.21% from CNY 7,128,374,040.29 in 2015[18] Cash Flow - The cash flow from operating activities for 2016 was CNY 1,540,973,376.17, showing a slight decrease of 1.42% from CNY 1,563,147,841.24 in 2015[17] - The cash flow from operating activities for Q1 was CNY 218.26 million, Q2 was CNY 421.53 million, Q3 was CNY 594.02 million, and Q4 was CNY 307.16 million[22] - The company reported a decrease in cash flow from financing activities by 96.30% to CNY 18.17 million[40] - Cash received from operating activities dropped by 89.48% to ¥86,916,415.73, mainly due to last year's receipt of ¥700 million for pipeline renovation projects[49] - Cash received from investment activities decreased by 41.93% to ¥1,766,820,816.35, attributed to a reduction in bank wealth management product recoveries[49] Market and Operations - The company has a total of 254 million pipeline gas users, covering a population of over 10 million[26] - The company operates over 5,900 kilometers of gas pipelines across 29 cities in 7 provinces[26] - The company is the largest importer of liquefied petroleum gas in China, with a storage capacity of 160,000 cubic meters[29] - The sales volume of natural gas reached 1.763 billion cubic meters, up 17.37% year-on-year, with pipeline natural gas sales increasing by 15.96%[35] - The liquefied petroleum gas sales revenue was CNY 2.084 billion, an increase of 11.15%, with wholesale sales volume growing by 41.75%[35] Strategic Initiatives - The company plans to distribute a cash dividend of CNY 1.05 per 10 shares to all shareholders, subject to approval at the annual general meeting[2] - The company aims to achieve a natural gas sales volume of 1.87 billion cubic meters and a liquefied petroleum gas sales volume of 450,000 tons in 2017[67] - The company is focusing on three strategic areas: focus strategy, integration strategy, and platform strategy, aiming to become a leading comprehensive clean energy operator in China[66] - The company plans to enhance its LNG industry chain and achieve significant growth in vehicle and ship refueling services during the 13th Five-Year Plan period[66] Social Responsibility - The company is actively involved in social responsibility initiatives, with a total investment of RMB 2.92 million in poverty alleviation efforts, helping 218 registered impoverished individuals[92] - The company has committed to improving rural living conditions and enhancing public services as part of its ongoing poverty alleviation projects[94] - The company has established a framework for ongoing social responsibility reporting since 2011, demonstrating its commitment to transparency and accountability in its operations[95] Governance and Compliance - The company has maintained a commitment to avoid conflicts of interest with its major shareholders and related parties since 2008[77] - The company has no major litigation or arbitration matters during the reporting period[81] - The company has implemented a stock option incentive plan, with multiple adjustments to the list of incentive objects and option quantities since 2012[81] - The financial statements comply with the accounting standards issued by the Ministry of Finance of the People's Republic of China, reflecting the company's consolidated financial position as of December 31, 2016[198] Shareholder Information - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 1,107,997,523 shares, representing 50.09% of total shares[106] - The second largest shareholder, Hong Kong and China Gas Company, holds 362,008,411 shares, accounting for 16.36% of total shares[106] - The total number of ordinary shareholders decreased from 25,808 to 24,772 during the reporting period[104] - The company has a total of 305,000 restricted shares held by Li Zhen, with 122,000 shares eligible for trading from August 29, 2018, under performance conditions[108] Employee and Management - The total number of employees in the parent company and major subsidiaries is 6,646, with 3,535 in production, 881 in sales, and 923 in technical roles[134] - The company has implemented a comprehensive training program focusing on leadership, management skills, and quality systems[137] - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 12.9398 million[132] Financial Instruments - The company issued two tranches of corporate bonds totaling RMB 1 billion, with the first tranche of RMB 500 million issued on July 13, 2016, and the second tranche of RMB 500 million issued on November 24, 2016[103] - The company received a credit rating of AAA for both bond issuances, with a stable outlook from the credit rating agency Zhongcheng Securities[155][156] - The company issued short-term financing bonds totaling 11 billion RMB in May 2016, with a repayment date set for May 19, 2017[162] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency in the coming years[176] - The company anticipates continued growth in natural gas sales due to increasing environmental concerns and government policies favoring cleaner energy[27]

Financial Performance - Net profit attributable to shareholders rose by 45.79% to CNY 748,474,635.39, driven by increased natural gas sales and improved performance in LPG business[8] - Operating revenue for the period was CNY 6,032,860,272.47, a growth of 4.52% year-on-year[8] - Basic earnings per share rose by 36.00% to CNY 0.34[8] - The weighted average return on net assets increased by 2.1 percentage points to 10.07%[8] - Total revenue for Q3 2016 was CNY 1,848,667,594.54, a decrease of 3.14% compared to CNY 1,908,080,815.14 in Q3 2015[31] - Year-to-date revenue reached CNY 6,032,860,272.47, an increase of 4.53% from CNY 5,771,814,308.31 in the same period last year[31] - Net profit for Q3 2016 reached CNY 211.44 million, representing a 106.8% increase from CNY 102.19 million in Q3 2015[33] - Total profit for Q3 2016 was CNY 282.97 million, an increase of 67.0% compared to CNY 169.40 million in Q3 2015[33] - Net profit for the first nine months of 2016 reached CNY 634,385,346.61, representing a year-on-year increase of 18.1% from CNY 537,332,508.75[38] - Total profit for the first nine months of 2016 was CNY 803,607,042.66, an increase of 22.9% compared to CNY 653,331,871.29 in the same period last year[38] Asset and Liability Management - Total assets increased by 7.60% to CNY 16,428,272,675.93 compared to the end of the previous year[7] - The company’s net assets attributable to shareholders increased by 9.67% to CNY 7,817,476,728.23[7] - Total liabilities rose to CNY 8,234,246,915.12, compared to CNY 7,817,530,018.91, marking an increase of 5.30%[25] - Current liabilities totaled CNY 6,547,130,966.89, down 7.99% from CNY 7,117,304,028.56[25] - Non-current liabilities increased significantly to CNY 1,687,115,948.23 from CNY 700,225,990.35, a rise of 141.41%[25] - Owner's equity reached CNY 8,194,025,760.81, up from CNY 7,450,577,330.85, reflecting an increase of 9.95%[25] Cash Flow and Investment - Cash flow from operating activities increased by 70.59% to CNY 1,233,809,629.97[7] - Cash received from investment increased by 218.81% to ¥175,405,408.10, mainly from restricted stock contributions[17] - Cash flow from operating activities for the first nine months of 2016 was CNY 6,781,378,771.27, an increase from CNY 6,472,926,019.84 in the same period last year[41] - Net cash flow from operating activities for the first nine months of 2016 was CNY 715,230,996.83, compared to CNY 109,705,438.21 in the same period last year, representing a significant increase[45] - Cash outflow from investing activities totaled CNY 1,367,758,700.87 in Q3 2016, compared to CNY 659,401,588.77 in Q3 2015, indicating increased investment activity[46] - The net cash flow from investing activities for the first nine months of 2016 was -CNY 1,245,932,726.84, compared to -CNY 497,648,909.12 in the same period last year, reflecting increased capital expenditures[46] Sales and Revenue Growth - Natural gas sales volume increased by 17.70% to 1.31 billion cubic meters, with power plant sales up by 38.40%[12] - LPG wholesale sales revenue grew by 17.67% to CNY 105,135,000[12] - Operating income from non-operating activities increased by 87.36% to ¥28,702,089.32, primarily from government subsidies[15] Shareholder Information - The number of shareholders reached 24,193 by the end of the reporting period[9] Cost Management - Operating tax and additional charges decreased by 33.73% to ¥26,949,052.67 due to the implementation of tax reforms[15] - Total operating costs for Q3 2016 were approximately CNY 1.59 billion, down 10.0% from CNY 1.76 billion in Q3 2015[32] - The company's management expenses for the first nine months of 2016 were CNY 76,084,549.68, down from CNY 80,571,063.10 in the same period last year[37] Future Outlook - Future outlook includes continued focus on operational efficiency and potential market expansion strategies[32]

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 4,184,192,677.93, an increase of 8.29% compared to CNY 3,863,733,493.17 in the same period last year[17]. - Operating profit rose to CNY 695,101,658.60, reflecting a significant increase of 48.33% from CNY 468,621,544.40 year-on-year[17]. - The net profit attributable to shareholders was CNY 540,447,802.05, up 39.87% from CNY 386,390,906.60 in the previous year[17]. - The net cash flow from operating activities reached CNY 639,785,756.63, a remarkable increase of 282.60% compared to CNY 167,220,604.13 in the same period last year[17]. - In the first half of 2016, the company's operating revenue reached CNY 4.18 billion, an increase of 8.29% year-on-year, while the total profit amounted to CNY 706 million, up 48.10%[25]. - The company's net profit attributable to shareholders was CNY 540 million, reflecting a year-on-year growth of 39.87%, primarily driven by increased sales volume of pipeline natural gas and the turnaround of its subsidiary, Hua'an[25]. - The net profit for the first half of 2016 was CNY 553,686,125.64, up 49.2% from CNY 370,694,800.03 in the prior year[97]. - The net profit attributable to shareholders of the parent company was CNY 540,447,802.05, compared to CNY 386,390,906.60 in the same period last year, marking an increase of 40%[97]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,345,532,208.48, representing a 7.06% increase from CNY 15,268,107,349.76 at the end of the previous year[17]. - The company's total liabilities increased by 9.12% to CNY 8,530,854,978.80 from CNY 7,817,530,018.91 year-on-year[17]. - The asset-liability ratio at the end of the reporting period was 52.19%, an increase of 0.99 percentage points from 51.20% at the end of the previous year[17]. - The company's equity attributable to shareholders rose to CNY 7,451,533,623.73 from CNY 7,128,374,040.29, an increase of about 4.5%[91]. - Total liabilities increased to CNY 8,530,854,978.80 from CNY 7,817,530,018.91, marking a rise of about 9.1%[91]. - The total assets increased to CNY 13,806,450,381.76, up from CNY 12,358,777,175.54 at the beginning of the period, representing a growth of 11.7%[95]. - The total liabilities increased to CNY 6,765,883,925.02, compared to CNY 5,565,067,894.08 at the beginning of the period, indicating a rise of 21.6%[95]. Revenue Sources - Natural gas sales revenue was CNY 2.65 billion, a year-on-year increase of 6.08%, with sales volume reaching 893 million cubic meters, up 20.32%[26]. - The company reported a significant increase in pipeline natural gas sales volume, which reached 852 million cubic meters, growing by 19.35% year-on-year[26]. - The company's revenue from pipeline gas reached ¥2,562,285,081.45 with a gross margin of 29.54%, showing a year-on-year increase of 5.75% in revenue and 1.19 percentage points in gross margin[34]. - Revenue from wholesale liquefied petroleum gas was ¥739,961,419.19, with a gross margin of 7.57%, reflecting a significant year-on-year revenue increase of 30.98% and a gross margin increase of 8.50 percentage points[34]. - The company reported a total revenue of ¥3,010,382,711.96 from Guangdong Province, marking an 8.54% increase compared to the previous year[36]. - The overseas revenue increased by 27.23% to ¥223,891,934.14, indicating strong international market performance[36]. Investments and Projects - The company invested a total of ¥29,875.66 million during the reporting period, which is an increase of 118.33% compared to the previous year[41]. - The company plans to construct a natural gas safety reserve project with a daily processing capacity of 300,000 standard cubic meters, which commenced in November 2013[49]. - The cumulative actual investment in the natural gas safety reserve project reached RMB 42,686 million, with a project completion rate of 91.60%[52]. - The company signed a long-term LNG purchase contract with Guangdong Dapeng Company, committing to purchase 5.98 million tons of LNG from 2006 to 2031, with a total contract value of approximately RMB 13.2 billion[57]. - The company has secured a 25-year natural gas supply contract with Guangdong Dapeng Company for 271,000 tons annually, ensuring stable gas supply[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,399[75]. - The largest shareholder, Shenzhen Municipal Government, holds 1,107,997,523 shares, accounting for 50.85% of total shares[77]. - Hong Kong and China Gas Company Limited is the second-largest shareholder with 362,008,411 shares, representing 16.61%[77]. - The total number of shares increased from 2,178,025,146 to 2,179,030,146 due to the exercise of stock options, adding 1,005,000 shares[74]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards, ensuring independent operations of the board and management, and adherence to legal regulations[67]. - The internal control system has been evaluated, and the company completed its internal control evaluation report for 2015, in line with regulatory requirements[67]. - The company appointed KPMG as the new auditor for the 2016 financial year, with audit fees totaling 1.82 million RMB, including 1.43 million RMB for financial audit and 390,000 RMB for internal control audit[66]. Risk Management - The company completed the major risk management tracking report for the first and second quarters of 2016, assessing new significant risks and formulating corresponding management strategies to minimize uncertainties in company development[69]. - The company has established a detailed response plan for significant risks identified in the 2015 comprehensive risk management report[68]. - The company organized training for risk management personnel to enhance their professional sensitivity and strengthen their risk management functions[68]. Cash Flow and Financing - The cash flow from operating activities generated a net amount of ¥639,785,756.63, significantly higher than the ¥167,220,604.13 recorded in the previous period[102]. - The total cash and cash equivalents at the end of the period amounted to ¥2,671,829,506.11, compared to ¥1,993,833,318.30 at the end of the previous period[104]. - The company's total cash inflow from financing activities was 3,012,075,200.00 RMB, compared to 3,584,844,200.40 in the previous period, indicating a decrease in capital raised[106]. - The cash outflow for financing activities totaled 2,180,460,332.16 RMB, down from 2,532,938,233.87 RMB in the previous period, suggesting improved cash management[106]. Accounting Policies - The company’s accounting policies comply with the enterprise accounting standards, ensuring transparency and accuracy in financial reporting[127]. - The company has not reported any changes in accounting policies or significant prior period errors during the reporting period[70]. - The accounting treatment for business combinations under common control involves measuring the acquired assets and liabilities at their book value on the merger date, with any difference adjusted in capital reserves[131].

Financial Performance - Net profit attributable to shareholders increased by 72.15% to CNY 210.59 million year-on-year[8] - Operating revenue for the period was CNY 2.00 billion, a 6.82% increase from CNY 1.88 billion in the same period last year[8] - The company's earnings per share rose by 66.67% to CNY 0.10[8] - Net profit for Q1 2016 reached CNY 218,196,770.99, compared to CNY 106,790,723.38 in the previous year, indicating a significant increase of approximately 104.3%[30] - Net profit for Q1 2016 reached CNY 170,472,270.35, up 35.4% from CNY 125,803,284.25 in Q1 2015[34] - Total comprehensive income for Q1 2016 was CNY 170,472,270.35, compared to CNY 125,803,284.25 in the same period last year[34] Revenue and Sales - Natural gas sales revenue rose by 12.43% to CNY 135.41 million, with sales volume increasing by 27.40% to 451 million cubic meters[13] - Total operating revenue for Q1 2016 was CNY 2,003,174,565.76, an increase from CNY 1,875,298,030.36 in the same period last year, representing a growth of approximately 6.8%[29] - Operating revenue for Q1 2016 was CNY 1,121,907,929.93, an increase of 16.9% compared to CNY 959,987,376.16 in the same period last year[33] Assets and Liabilities - Total assets increased by 2.70% to CNY 15.68 billion compared to the end of the previous year[8] - Total assets as of March 31, 2016, were CNY 13,330,007,105.77, up from CNY 12,358,777,175.54 at the beginning of the year, reflecting a growth of about 7.9%[27] - Total liabilities increased to CNY 6,363,247,668.57 from CNY 5,565,067,894.08, marking an increase of approximately 14.3%[27] - The company's equity attributable to shareholders rose to CNY 6,966,759,437.20, compared to CNY 6,793,709,281.46 at the start of the year, showing an increase of about 2.5%[27] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 218.26 million compared to a negative CNY 79.48 million in the previous year[8] - Operating cash flow for Q1 2016 was CNY 218,257,019.06, a significant recovery from a negative cash flow of CNY -79,479,312.82 in Q1 2015[37] - Net cash flow from operating activities improved significantly to ¥245,723,878.37 from a negative ¥111,794,371.77, indicating a turnaround in operational efficiency[41] - Cash received from financing activities increased by 55.56% to ¥1,400,000,000.00, due to the issuance of short-term financing bonds and medium-term notes[17] Investment and Income - Investment income increased by 232.14% to ¥2,296,868.28 due to the turnaround of affiliated enterprises[16] - Non-operating income rose by 103.49% to ¥7,049,703.04 primarily from increased government subsidies[16] - The company reported an investment income of CNY 2,296,868.28 in Q1 2016, a recovery from a loss of CNY 1,738,254.13 in the same period last year[30] Tax and Expenses - Tax expenses increased by 30.62% to ¥72,455,641.33 due to higher profitability[16] - Cash paid for various taxes surged by 95.71% to ¥189,790,111.88, mainly due to unpaid taxes from the previous year[17] - Total operating costs for Q1 2016 amounted to CNY 1,720,974,872.07, slightly up from CNY 1,714,340,756.28 year-on-year[30] - Total operating expenses for Q1 2016 were CNY 862,931,614.46, an increase from CNY 762,340,915.68 in Q1 2015[33] Shareholder Information - The number of shareholders increased to 31,852 by the end of the reporting period[11] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[42]

Financial Performance - The company's operating revenue for 2015 was CNY 7,967,467,448.72, a decrease of 16.40% compared to CNY 9,530,873,495.52 in 2014[17] - The net profit attributable to shareholders for 2015 was CNY 659,661,697.66, down 8.52% from CNY 721,129,885.11 in 2014[17] - The basic earnings per share for 2015 was CNY 0.31, a decrease of 13.89% compared to CNY 0.36 in 2014[19] - The weighted average return on equity decreased to 10.15% from 13.85% in 2014, a decline of 3.70 percentage points[19] - The company's total revenue for Q1 was ¥1,875,298,030.36, Q2 was ¥1,988,435,462.81, Q3 was ¥1,908,080,815.14, and Q4 was ¥2,195,653,140.41, showing a steady increase in revenue throughout the year[21] - The net profit attributable to shareholders for Q1 was ¥122,330,914.22, Q2 was ¥264,059,992.38, Q3 was ¥127,017,975.68, and Q4 was ¥146,252,815.38, indicating fluctuations in profitability across the quarters[21] - The company reported a net profit of CNY 11,810 million from its consolidated operations in 2015[54] Assets and Liabilities - The total assets at the end of 2015 amounted to CNY 15,268,107,349.76, reflecting a 15.13% increase from CNY 13,261,675,829.68 in 2014[18] - The company's total liabilities were CNY 7,817,530,018.91, which is a 4.30% increase from CNY 7,495,089,804.17 in 2014[18] - The net asset attributable to shareholders increased by 31.30% to CNY 7,128,374,040.29 from CNY 5,429,218,686.93 in 2014[17] - The asset-liability ratio improved to 51.20% from 56.52% in 2014, a decrease of 5.32 percentage points[18] - The company's total liabilities decreased by 75.01% for bonds payable, down to ¥400,000,000.00 from ¥1,600,932,103.02 in the previous year[49] Cash Flow - The cash flow from operating activities for 2015 was CNY 1,563,147,841.24, representing a 39.23% increase from CNY 1,122,697,876.37 in 2014[17] - The cash flow from operating activities showed significant improvement, with Q1 at -¥79,479,312.82, Q2 at ¥246,699,916.95, Q3 at ¥556,022,637.56, and Q4 at ¥839,904,599.55, reflecting a strong recovery in cash generation[21] - The company reported a net cash flow from operating activities of CNY 1.56 billion, an increase of 39.23% year-on-year[39] - The total cash and cash equivalents at the end of the period increased to ¥2,417,368,125.44 from ¥1,288,020,304.28, reflecting a growth of 87.8%[167] Market Position and Strategy - The company serves 2.21 million pipeline gas users and has over 5,300 kilometers of underground gas pipelines, indicating a robust infrastructure and customer base[26] - The company has a stable gas supply chain, with a 25-year contract for 271,000 tons of natural gas annually and an agreement with PetroChina for 4 billion cubic meters of gas supply per year until 2039[29] - The company anticipates continued growth in pipeline natural gas sales due to increasing urbanization and government policies favoring clean energy[27] - The company plans to expand its market presence in areas without pipeline natural gas, targeting towns and cities surrounding Shenzhen[27] - The company has maintained a strong competitive edge as one of China's largest importers of liquefied petroleum gas, with consistent high import and sales volumes[29] Investment and Expansion - The company expanded its business by acquiring controlling stakes in two gas companies and establishing new gas projects in three cities, enhancing its market presence[37] - The company plans to focus on expanding its liquefied natural gas (LNG) refueling business, particularly for vehicles and ships, to capture quality markets[62] - The company is targeting regional expansion outside Shenzhen, particularly in areas like Jiangxi and Anhui, to establish a competitive advantage[63] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares to all shareholders[2] - The total cash dividend amount for 2015 is projected to be RMB 217,842,429.60, based on the proposed distribution[68] - The independent directors have expressed that the 2015 dividend distribution proposal complies with relevant regulations[67] - The company has consistently prioritized reasonable returns to investors, exceeding the requirements set forth in its articles of association since its listing[66] Corporate Governance and Management - The company has maintained a good integrity status during the reporting period, with no significant debts or court judgments unmet[75] - The company has engaged Deloitte as its auditor, with an audit fee of RMB 1,400,000 for the year[73] - The company has a diverse board of directors with significant experience in the gas and energy sectors[111] - The company maintains a strict governance structure, adhering to relevant laws and regulations, ensuring independent operation of the board and supervisory committee[132] Employee and Training - The total number of employees in the parent company was 2,684, while the total number of employees in major subsidiaries was 3,549, resulting in a combined total of 6,233 employees[127] - Training programs have been enhanced to cover various areas, including management skills and safety education, improving training coverage[129] Financial Reporting and Compliance - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring compliance and transparency in financial reporting[185] - The audit report confirmed that the financial statements fairly reflect the company's financial position and results for the year ended December 31, 2015[152] - The company’s financial statements are prepared based on the going concern assumption, indicating confidence in future operations[184]

深圳燃气 2015 年第三季度报告 公司代码：601139 公司简称：深圳燃气 深圳市燃气集团股份有限公司 2015 年第三季度报告 1 / 22 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 深圳燃气 2015 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人李真、主管会计工作负责人欧大江及会计机构负责人（会计主管人员）杨玺保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 22 单位：元币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 15,371,938,749.72 13,261,675,829.68 15.91 归属于 ...

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 3,863,733,493.17, a decrease of 16.45% compared to CNY 4,624,397,777.04 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was CNY 386,390,906.60, down 12.84% from CNY 443,295,811.91 in the previous year[17]. - The net cash flow from operating activities decreased by 77.55%, amounting to CNY 167,220,604.13 compared to CNY 744,991,536.51 in the same period last year[17]. - The total profit for the period was 477 million RMB, a decline of 14.53% year-on-year, with net profit attributable to shareholders at 386 million RMB, down 12.84%[27]. - Basic earnings per share for the first half of 2015 were CNY 0.19, a decrease of 13.64% from CNY 0.22 in the same period last year[18]. - The weighted average return on net assets decreased by 2.23 percentage points to 6.36% compared to 8.59% in the previous year[19]. - The company reported an operating profit of CNY 468,621,544.40, a decrease of 15.6% from CNY 555,242,064.09 in the same period last year[98]. - The company’s financial expenses for the first half of 2015 were CNY 59,459,956.74, an increase from CNY 44,277,536.70 in the previous year, reflecting a rise of 34.3%[97]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 14,851,210,560.46, an increase of 11.99% from CNY 13,261,675,829.68 at the end of the previous year[17]. - The company's total liabilities were CNY 7.67 billion at the end of the reporting period, compared to CNY 7.50 billion at the beginning, indicating a rise of about 2.3%[92]. - The total equity attributable to shareholders increased to CNY 6.86 billion from CNY 5.43 billion, representing a growth of approximately 26.3%[92]. - Cash and cash equivalents rose significantly to CNY 3.08 billion from CNY 2.11 billion, marking an increase of about 45.8%[90]. - Accounts receivable increased to CNY 412.84 million from CNY 286.96 million, reflecting a growth of approximately 43.8%[90]. - The company’s total liabilities were CNY 1,319,993.49 million, which is critical for assessing financial leverage[112]. Revenue Sources - Natural gas sales revenue increased by 4.71% to 250,077,000 RMB from 238,837,000 RMB year-on-year, while liquefied petroleum gas (LPG) wholesale sales revenue decreased by 59.77% to 56,492,000 RMB from 140,426,000 RMB[27]. - Pipeline gas revenue reached ¥2,423,035,797.01, an increase of 6.37% year-on-year, with a gross margin of 27.29%, up 1.54 percentage points[36]. - Revenue from external regions increased by 12.62%, while revenue from Guangdong province decreased by 15.20%[39]. Market and Operational Developments - The company expanded its user base in Shenzhen by adding 412 commercial users, which is expected to bring an additional gas volume of approximately 19.93 million cubic meters per year[25]. - The company completed 45% of its annual natural gas sales target of 1.65 billion cubic meters and 47% of its LPG sales target of 450,000 tons[33]. - The company faced challenges due to rising upstream raw material costs and competition from imported LNG, leading to a decrease in the operating rate of its liquefaction plants[26]. - The company plans to invest in two new gas projects, including LNG and CNG refueling stations in Wuzhou and Hefei[25]. - The company anticipates a downward adjustment in natural gas prices due to the economic environment and competition from alternative energy sources[28]. Shareholder Information - The company distributed a cash dividend of CNY 1.43 per 10 shares to shareholders based on a total share capital of 2,177,616,866 shares, with the record date on June 25, 2015[52]. - The total number of shareholders reached 31,340 by the end of the reporting period[78]. - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 1,107,997,523 shares, representing 50.88% of total shares[80]. Risk Management and Compliance - The company completed a major risk assessment for 2015, identifying the top ten risks faced by Shenzhen Gas[72]. - The company implemented a risk management tracking report mechanism, requiring quarterly risk assessments from all units[72]. - The company has maintained compliance with corporate governance standards, ensuring independent operations and adherence to legal regulations[71]. Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and service delivery[86]. - Future guidance indicates a cautious outlook due to market volatility and economic uncertainties[1]. - The company is exploring potential mergers and acquisitions to strengthen its market position[1]. - The company aims to increase its investment in research and development to foster innovation[1]. Accounting and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, ensuring a true and fair view of the company's financial position[118]. - The accounting policies comply with the enterprise accounting standards, reflecting the company's commitment to transparency and accuracy in financial reporting[120]. - The company has implemented significant changes in accounting policies, which may impact future financial reporting[118].