Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,785,528,192.59, representing a year-on-year increase of 55.92%[4] - The net profit attributable to shareholders was CNY 226,583,875.42, showing a decrease of 21.04% compared to the same period last year[4] - The basic earnings per share for the period was CNY 0.08, down by 20.00% from the previous year[4] - Net profit attributable to shareholders decreased by 21.04% to RMB 22.66 million, while the net profit excluding non-recurring gains and losses fell by 27.31% to RMB 20.56 million[13] - Net profit for Q1 2022 was CNY 279,132,792.97, a decrease of 9.7% compared to CNY 309,289,651.31 in Q1 2021[19] - The company reported a profit before tax of CNY 343,684,597.58 for Q1 2022, compared to CNY 378,759,331.93 in Q1 2021, indicating a decline of 9.3%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -751,723,902.88, a decline of 817.26% year-on-year[4] - In Q1 2022, Shenzhen Gas reported cash inflows from operating activities of CNY 5,957,080,121.60, an increase of 32.0% compared to CNY 4,520,324,030.30 in Q1 2021[21] - The net cash outflow from operating activities was CNY -751,723,902.88, a decline from a net inflow of CNY 104,804,966.72 in the same period last year[22] - Cash outflows for purchasing goods and services amounted to CNY 5,685,035,461.48, up from CNY 3,406,589,938.02 in Q1 2021, reflecting a 67.0% increase[21] - Total cash inflows from financing activities reached CNY 3,651,926,799.11, compared to CNY 3,065,701,307.68 in Q1 2021, marking a 19.1% increase[22] - The company reported a cash and cash equivalents balance of CNY 1,735,142,554.27 at the end of Q1 2022, down from CNY 3,783,985,239.54 at the end of Q1 2021[23] - Cash outflows for financing activities totaled CNY 3,653,748,550.79, an increase from CNY 3,088,103,347.87 in the previous year[22] - The total cash outflow from investment activities was CNY 486,814,083.05, compared to CNY 267,990,503.14 in Q1 2021, indicating an increase of 81.6%[22] - The net cash flow from investment activities was CNY -470,707,790.58, worsening from CNY -177,576,973.76 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 34,392,437,145.86, an increase of 0.87% from the end of the previous year[5] - Current assets totaled RMB 9.15 billion, slightly down from RMB 9.24 billion at the end of the previous year[15] - Total assets increased to RMB 34.39 billion from RMB 34.10 billion year-on-year[16] - The total liabilities as of Q1 2022 were CNY 19,796,150,013.97, slightly down from CNY 20,028,542,215.00 in the previous year[17] - Total equity attributable to shareholders rose to CNY 12,579,582,801.94, reflecting a 1.75% increase from the previous year[5] - Total equity increased to CNY 14,596,287,131.89 in Q1 2022 from CNY 14,067,669,508.46 in Q1 2021, representing a growth of 3.7%[17] Research and Development - The company's R&D expenses surged by 259.53% during the reporting period, primarily due to the consolidation of newly acquired companies[9] - Research and development expenses increased to CNY 110,841,073.86 in Q1 2022, compared to CNY 30,829,842.07 in Q1 2021, reflecting a growth of 259.5%[18] Sales Performance - The cash received from sales of goods and services increased by 32.03%, attributed to higher natural gas sales and the addition of new consolidated entities[9] - Natural gas sales volume reached 1.085 billion cubic meters, up 7.96% from 1.005 billion cubic meters in the same period last year[13] - Pipeline natural gas sales in Shenzhen decreased by 13.18% to 461 million cubic meters, while sales outside Shenzhen increased by 25.13% to 478 million cubic meters[13] - The company reported a significant increase in natural gas wholesale volume, which rose by 58.70% to 146 million cubic meters[13] Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[13]

Financial Performance - Operating revenue for Q3 2021 reached ¥4,936,826,447.57, an increase of 33.40% year-on-year[4] - Net profit attributable to shareholders was ¥351,817,332.19, a decrease of 18.89% compared to the same period last year[4] - Net profit excluding non-recurring gains and losses was ¥339,479,272.86, down 18.62% year-on-year[4] - Total operating revenue for Q3 2021 reached RMB 14,572,647,979.74, a significant increase of 44.8% compared to RMB 10,073,556,474.22 in Q3 2020[16] - Net profit for Q3 2021 was RMB 1,303,041,632.88, up 14.1% from RMB 1,142,060,550.10 in Q3 2020[16] - The company reported a gross profit margin of approximately 8.5% for Q3 2021, compared to 12.5% in Q3 2020, indicating increased costs[16] - Basic earnings per share for Q3 2021 were RMB 0.42, compared to RMB 0.38 in Q3 2020, indicating improved profitability[18] Cash Flow - Cash flow from operating activities showed a net amount of ¥1,045,733,492.66, a significant decrease of 61.77% compared to the previous year[5] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 16.18 billion, a 33.3% increase from CNY 12.09 billion in the same period of 2020[19] - The net cash flow from operating activities decreased to CNY 1.05 billion, down 61.7% from CNY 2.74 billion year-on-year[19] - Cash outflow from investment activities totaled CNY 3.44 billion, significantly higher than CNY 0.88 billion in the previous year, resulting in a net cash flow from investment activities of -CNY 2.56 billion[19] - Cash inflow from financing activities reached CNY 8.64 billion, compared to CNY 3.28 billion in the same period last year, with a net cash flow of -CNY 74.08 million[21] - The company reported a cash and cash equivalents balance of CNY 2.30 billion at the end of the period, down from CNY 4.90 billion at the end of the previous year[21] Assets and Liabilities - Total assets as of the end of the reporting period were ¥29,949,658,038.11, representing a 17.38% increase from the end of the previous year[5] - The total assets as of September 30, 2021, amounted to RMB 29,949,658,038.11, an increase from RMB 25,514,236,010.61 at the end of 2020[15] - Total liabilities increased to RMB 16,077,595,806.77 in Q3 2021, compared to RMB 13,062,085,664.44 in Q3 2020[15] - The total current assets increased to RMB 7,439,150,558.26 in Q3 2021, compared to RMB 5,971,409,301.29 in Q3 2020[15] - The total equity attributable to shareholders increased to RMB 12,352,892,319.30 in Q3 2021 from RMB 11,818,970,836.60 in Q3 2020[15] Expenses and Costs - Research and development expenses for Q3 2021 were RMB 214,097,900.12, up from RMB 157,959,982.58 in Q3 2020, reflecting a focus on innovation[16] - The company paid CNY 12.70 billion for goods and services, which is a 71.5% increase from CNY 7.43 billion in the previous year[19] - The company incurred CNY 1.37 billion in employee payments, up from CNY 1.00 billion in the same period last year, reflecting increased labor costs[19] Government Support - The company received government subsidies amounting to ¥9,700,187.75 during the reporting period[6] Revenue Sources - The increase in operating revenue was primarily due to a rise in natural gas sales volume[7]

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 9,635,821,532.17, representing a 51.20% increase compared to CNY 6,372,775,555.54 in the same period last year[15]. - Operating profit for the first half of 2021 was CNY 1,092,396,448.99, up 40.39% from CNY 778,094,753.51 year-on-year[15]. - The net profit attributable to shareholders for the first half of 2021 was CNY 852,052,584.44, a 29.46% increase from CNY 658,172,685.23 in the previous year[15]. - The basic earnings per share for the first half of 2021 were CNY 0.30, representing a 30.43% increase from CNY 0.23 in the same period last year[16]. - The weighted average return on equity increased to 6.96% from 5.80% year-on-year, an increase of 1.16 percentage points[16]. - The company achieved a revenue of 9.636 billion yuan in the first half of 2021, representing a year-on-year growth of 51.20% and a 46.38% increase compared to 2019[24]. - Net profit attributable to shareholders reached 852 million yuan, up 29.46% year-on-year and 43.19% compared to 2019[24]. - The company reported a net profit of CNY 26.76 million for the Gas Investment Company[37]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 25,808,088,874.78, reflecting a 1.15% increase from CNY 25,514,236,010.61 at the end of the previous year[15]. - The company's total liabilities at the end of the reporting period were CNY 13,246,848,998.85, which is a 1.41% increase from CNY 13,062,085,664.44 at the end of the previous year[15]. - The asset-liability ratio at the end of the reporting period was 51.33%, an increase of 0.13 percentage points compared to 51.20% at the end of the previous year[15]. - The company's net assets attributable to shareholders amounted to CNY 12,011,048,579.90, which is a 1.63% increase compared to CNY 11,818,970,836.60 at the end of the previous year[15]. - Total assets as of June 30, 2021, amounted to CNY 25,808,088,874.78, an increase from CNY 25,514,236,010.61 as of December 31, 2020[74]. - Total liabilities reached CNY 13,246,848,998.85, compared to CNY 13,062,085,664.44 at the end of 2020, indicating a growth in liabilities[75]. Cash Flow - The cash flow from operating activities for the first half of 2021 was CNY 743,096,578.22, down 14.60% from CNY 870,139,741.09 in the previous year[15]. - The company's net cash flow from operating activities for the first half of 2021 was ¥1,605,598,578.80, a significant increase from ¥241,122,548.98 in the same period of 2020, representing a growth of approximately 566%[88]. - The total cash inflow from operating activities was ¥5,804,634,788.72, up from ¥3,570,675,698.08 in the first half of 2020, reflecting an increase of around 62%[88]. - The company incurred cash outflows for financing activities totaling ¥4,986,509,458.43, compared to ¥2,951,035,202.77 in the previous year, representing an increase of approximately 68.8%[86]. Natural Gas Operations - The company operates 57 urban pipeline gas projects across 13 provinces, with natural gas as the primary source for sales in Shenzhen and surrounding areas[19]. - The company has established a comprehensive LNG and LPG supply chain, enhancing its competitive edge in resource procurement and sales[21]. - The company has a stable annual supply agreement for 271,000 tons of natural gas with Guangdong Dapeng Company, ensuring consistent supply[21]. - The company has a procurement agreement with PetroChina for an annual supply of 4 billion cubic meters of natural gas, further securing its gas supply[21]. - The company is positioned to benefit from the increasing share of natural gas in China's energy consumption, projected to reach 15% by 2030[20]. - The company anticipates continued growth in natural gas consumption driven by urbanization and energy structure adjustments in China[20]. - The number of natural gas users increased to 4.6865 million, with a net addition of 323,800 users during the reporting period[24]. - Natural gas supply volume was 2.759 billion cubic meters, a year-on-year increase of 54.77%, with sales volume at 2.286 billion cubic meters, up 38.29% year-on-year[24]. Research and Development - The company has established a technical innovation system with 346 patent applications, of which 183 have been authorized, including 41 invention patents[24]. - The company’s research and development expenses increased by 2.98% to ¥85.13 million, compared to ¥82.67 million in the previous year[30]. - Research and development expenses for the first half of 2021 were ¥85,127,690.79, slightly up from ¥82,667,078.04 in the previous year, indicating a focus on innovation[79]. Market Strategy and Expansion - The company has launched new projects in Shenzhen, including 10 innovative applications in commercial hot water and gas heating[25]. - The company expanded its pipeline gas supply in Shenzhen, achieving a sales volume of 1.258 billion cubic meters, a 30.13% increase year-on-year[25]. - The company expanded its liquefied petroleum gas (LPG) wholesale sales to 273,600 tons, representing a year-on-year growth of 41.85%[27]. Social Responsibility - Shenzhen Gas has invested a total of 540 million RMB in poverty alleviation efforts, including sending 488 graduates to assist in education in Guizhou province[46]. - The company has actively participated in rural revitalization efforts, deploying a team to assist Heqi Town in Shantou City as part of its commitment to poverty alleviation and rural development[48]. - Shenzhen Gas received the "Outstanding Contribution Collective" award for poverty alleviation efforts in Heyuan City for the years 2019-2020[47]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 29,788[59]. - The largest shareholder, Shenzhen Municipal People's Government State-owned Assets Supervision and Administration Commission, holds 1,153,583,786 shares, representing 40.10% of the total shares[60]. - The top ten shareholders hold a total of 2,000,000,000 shares, with the largest shareholder holding 1,153,583,786 shares[62]. Risks and Challenges - The company faces risks from global oil and gas market volatility, which may significantly impact the costs of liquefied natural gas and liquefied petroleum gas operations[39]. - The company is subject to uncertainties regarding economic recovery in regions affected by the COVID-19 pandemic, potentially affecting commercial gas usage growth[39]. - The company is actively monitoring the impact of national reforms in the natural gas industry, which may introduce uncertainties in user development[39]. Accounting and Financial Reporting - The company has adopted the revised accounting standards for financial instruments and revenue recognition since January 1, 2019, and January 1, 2020, respectively[99]. - The financial statements comply with the requirements of the Ministry of Finance and reflect the company's financial position as of June 30, 2021, accurately[100]. - The company uses Renminbi as its accounting currency, aligning with its primary business revenue and settlement currency[102]. - The company recognizes revenue from natural gas sales based on the fulfillment of specific conditions, including the customer's control over the gas and the company's right to receive payment[151].

Financial Performance - Net profit attributable to shareholders rose by 32.20% to CNY 286.97 million year-on-year[4] - Operating revenue grew by 53.60% to CNY 4.35 billion compared to the same period last year[4] - Basic earnings per share increased by 25.00% to CNY 0.10 compared to the previous year[5] - The weighted average return on net assets improved to 2.38%, up by 0.46 percentage points from the previous year[4] - Net profit attributable to shareholders was 286.97 million RMB, a 32.20% increase from 217.07 million RMB year-on-year, and a 20.42% increase from 238.31 million RMB compared to the same period in 2019[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 282.91 million RMB, a 30.15% increase from 217.37 million RMB year-on-year, and a 26.12% increase from 224.32 million RMB compared to the same period in 2019[11] - Net profit for Q1 2021 was ¥309,289,651.31, up from ¥223,668,295.52 in Q1 2020, reflecting a growth of approximately 38.3%[23] - The net profit for Q1 2021 reached CNY 548,599,819.19, compared to CNY 198,269,504.21 in Q1 2020, representing a 176.5% increase[27] Revenue and Sales - The company's operating revenue for the reporting period was 4,351.81 million RMB, an increase of 53.60% compared to 2,833.28 million RMB in the same period last year, and a 40.00% increase from 3,108.36 million RMB in the same period of 2019[10] - Natural gas sales revenue reached 2,789.21 million RMB, up 33.90% from 2,082.98 million RMB year-on-year, and up 37.25% from 2,032.16 million RMB compared to the same period in 2019[10] - The sales volume of natural gas was 1,005 million cubic meters, representing a 37.30% increase from 732 million cubic meters year-on-year, and a 59.02% increase from 632 million cubic meters compared to the same period in 2019[10] - The company's operating revenue for Q1 2021 was CNY 2,126,956,755.56, a 57.6% increase from CNY 1,347,745,694.94 in Q1 2020[25] Cash Flow and Assets - Cash flow from operating activities turned positive with a net amount of CNY 104.80 million, a significant increase of 629.12% year-on-year[4] - The company reported a net cash flow per share from operating activities of CNY 0.04, compared to a negative CNY 0.01 in the previous year[4] - The company reported a cash and cash equivalents balance of 3,796.32 million RMB, a slight decrease from 3,891.15 million RMB at the end of the previous year[13] - The company's cash inflow from operating activities totaled CNY 4,520,324,030.30 in Q1 2021, compared to CNY 2,885,802,203.12 in Q1 2020, marking a 56.7% increase[28] - The cash flow from operating activities for Q1 2021 was CNY 104,804,966.72, a turnaround from a negative cash flow of CNY -19,807,243.68 in Q1 2020[28] - The company's cash and cash equivalents were ¥1,892,034,776.41 as of March 31, 2021, slightly down from ¥1,919,676,590.98 at the end of 2020, a decrease of approximately 1.4%[19] Shareholder Information - The total number of shareholders reached 32,712 by the end of the reporting period[7] - The largest shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, holds 40.10% of the shares[7] Assets and Liabilities - Total assets increased by 1.61% to CNY 25.93 billion compared to the end of the previous year[4] - The total liabilities of the company were 13,054.69 million RMB, slightly down from 13,062.09 million RMB at the end of the previous year[15] - The total equity attributable to shareholders was 12,181.29 million RMB, an increase from 11,818.97 million RMB at the end of the previous year[16] - The company's total assets as of March 31, 2021, amounted to ¥20,455,665,489.19, compared to ¥19,841,557,597.69 at the end of 2020, showing an increase of about 3.1%[20] - The total liabilities as of March 31, 2021, were ¥9,651,520,222.60, compared to ¥9,610,509,890.56 at the end of 2020, indicating a slight increase of about 0.4%[20] Research and Development - The company has not disclosed any new product developments or market expansion strategies in this report[4] - Research and development expenses for Q1 2021 were ¥30,829,842.07, down from ¥39,813,031.12 in Q1 2020, indicating a decrease of about 22.6%[23] Operating Costs - Total operating costs for Q1 2021 were ¥3,981,434,114.80, compared to ¥2,558,248,061.60 in Q1 2020, indicating an increase of about 55.5%[21] - The total operating costs for Q1 2021 were CNY 1,475,655,728.76, which is a 69.9% increase from CNY 868,221,405.25 in Q1 2020[25]

Financial Performance - The company's operating revenue for 2020 was CNY 15,014,814,569.43, an increase of 7.06% compared to CNY 14,025,273,714.19 in 2019[18]. - The net profit attributable to shareholders of the listed company reached CNY 1,321,400,281.94, reflecting a growth of 24.92% from CNY 1,057,831,208.63 in the previous year[18]. - The total assets at the end of 2020 amounted to CNY 25,514,236,010.61, a 9.90% increase from CNY 23,215,754,677.81 in 2019[18]. - The company's net cash flow from operating activities was CNY 3,027,639,210.43, up 23.81% from CNY 2,445,445,795.16 in 2019[18]. - The total liabilities increased to CNY 13,062,085,664.44, representing a 12.12% rise from CNY 11,649,952,746.34 in the previous year[18]. - Basic earnings per share increased by 24.32% to CNY 0.46 in 2020 compared to CNY 0.37 in 2019[19]. - The weighted average return on equity rose to 11.55% in 2020, up from 10.47% in 2019, an increase of 1.08 percentage points[19]. - The company reported a net profit margin of 12% for 2020, which is an improvement from 10% in 2019[120]. Cash Flow and Investments - The company's cash flow from operating activities for the entire year showed a positive trend, with a total of CNY 3,027,000,000.00 generated[21]. - Cash received from operating activities increased to ¥227,987,931.11, up 91.16% from ¥119,262,556.27 in 2019[55]. - Cash paid for operating activities rose to ¥589,200,251.53, an increase of 32.32% from ¥445,285,921.75 in 2019[55]. - Cash received from investment activities increased to ¥1,225,621,912.12, up 17.25% from ¥1,045,334,126.44 in 2019[55]. - Cash paid for investment activities decreased to ¥896,927,400.00, down 32.49% from ¥1,328,528,500.00 in 2019[55]. - The company reported a significant increase in cash inflow from investment activities, totaling ¥1,511,716,166.44, compared to ¥1,191,899,608.77 in 2019, marking a 26.87% increase[188]. Business Operations and Market Presence - The company operates in 57 urban pipeline gas projects across 13 provinces, with natural gas sourced from major suppliers like PetroChina and Sinopec[26]. - The company serves over 5.81 million gas users across 57 cities, covering a population of over 20 million[32]. - The company completed the acquisition of the Dongfang Gas asset package, marking its entry into the Sichuan-Chongqing natural gas market[39]. - The company operates in 13 provinces and has obtained gas business franchise rights in 57 cities, enhancing its market presence[37]. - The company has established an integrated LNG and LPG supply chain, including a natural gas reserve and peak-shaving facility with an annual turnover capacity of 800,000 tons[31]. Research and Development - Research and development expenses totaled CNY 241.74 million, accounting for 1.61% of operating revenue[53]. - The company has filed for 312 intellectual property rights, with 163 granted, including 36 invention patents, demonstrating industry-leading innovation[35]. - The company has developed a technology innovation system, including partnerships with universities and research institutions, to advance cloud computing and big data applications in the gas industry[34]. - The company is investing heavily in R&D, allocating 150 million for new technology development in 2021, which is a 20% increase from the previous year[120]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[3]. - The company strictly adheres to relevant laws and regulations, enhancing its corporate governance structure and ensuring independent operations from its controlling shareholders[138]. - The company reported no significant defects in internal control during the reporting period, and the internal control audit received a standard unqualified opinion[147]. - The company submitted monthly financial reports to its controlling shareholder, the Shenzhen State-owned Assets Supervision and Administration Commission, in compliance with regulations[138]. Social Responsibility and Community Engagement - The company has actively engaged in social responsibility initiatives since 2011, with reports available on the Shanghai Stock Exchange website[99]. - The company supported poverty alleviation efforts by investing RMB 10.2 million in a poultry farming project to encourage employment among impoverished households[91]. - A total of 168 registered impoverished individuals were lifted out of poverty, achieving significant success in poverty alleviation efforts[93]. - The company invested 692 million in targeted poverty alleviation work, contributing to various projects including infrastructure improvements[97]. Future Outlook and Strategic Plans - The company plans to distribute a cash dividend of CNY 2.10 per 10 shares to all shareholders[4]. - The company aims to achieve natural gas sales of 4.5 billion cubic meters and liquefied petroleum gas sales of 520,000 tons in 2021[71]. - The company plans to accelerate the construction of LNG transport vessels and enhance the LNG supply chain, optimizing gas source procurement[71]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million allocated for potential mergers and acquisitions in 2021[120].

Financial Performance - Net profit attributable to shareholders rose by 18.93% to CNY 1.09 billion year-on-year[6] - Basic earnings per share increased by 18.75% to CNY 0.38[6] - The weighted average return on equity improved by 1.08 percentage points to 9.44%[6] - The company reported a significant increase in other income, which rose by 147.08% to RMB 32,397,262 from RMB 13,111,957 in the previous year[14] - The company expects a cumulative net profit for the year to not show significant changes compared to the previous year[17] - The company reported a decrease in operating costs to CNY 1,301,138,266.46 in Q3 2020 from CNY 1,427,253,085.43 in Q3 2019, reflecting improved operational efficiency[31] - Q3 2020 net profit attributable to shareholders was CNY 433,364,454.66, up 34.1% from CNY 323,485,158.72 in Q3 2019[29] - Total profit for Q3 2020 was CNY 529,530,405.64, an increase of 29.6% from CNY 408,394,347.69 in Q3 2019[28] Revenue and Sales - Revenue for the first nine months was CNY 10.07 billion, a slight increase of 0.73% compared to the same period last year[5] - The company's operating revenue for the reporting period was RMB 1,007,356,000, a 0.73% increase from RMB 1,000,069,000 in the same period last year[12] - Natural gas sales revenue reached RMB 672,144,000, up 1.71% from RMB 660,873,000 year-on-year, with sales volume increasing by 22.14% to 2.758 billion cubic meters[12] - The cash inflow from sales of goods and services for the first three quarters was CNY 11,772,705,811.82, compared to CNY 10,867,955,367.34 in the same period of 2019, representing an increase of approximately 8.3%[34] Assets and Liabilities - Total assets increased by 9.41% to CNY 25.40 billion compared to the end of the previous year[5] - The company's total equity reached CNY 12.32 billion, compared to CNY 11.57 billion at the end of 2019, marking an increase of about 6.5%[22] - Total current liabilities increased to CNY 9.94 billion from CNY 8.52 billion, reflecting a rise of approximately 16.7%[21] - The company's inventory decreased to CNY 437.18 million from CNY 466.10 million, a decline of about 6.2%[20] - The company's non-current assets totaled CNY 18.62 billion, up from CNY 18.12 billion, indicating an increase of about 2.8%[21] - Total liabilities increased to CNY 9,533,467,531.15 in Q3 2020 from CNY 8,297,150,625.86 in Q3 2019, representing a growth of approximately 14.9%[25] Cash Flow - Operating cash flow increased by 49.99% to CNY 2.74 billion for the first nine months of the year[5] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 12,094,738,770.28, an increase from CNY 11,141,935,579.30 in the same period of 2019, representing a growth of approximately 8.6%[34] - The net cash flow from operating activities increased significantly to CNY 2,735,381,510.72, compared to CNY 1,823,745,184.72 in the previous year, marking an increase of about 50%[34] - The cash inflow from financing activities totaled CNY 3,280,178,256.79, an increase from CNY 2,687,679,927.25 in the previous year, reflecting a growth of about 22%[35] Shareholder Information - The number of shareholders reached 25,797 by the end of the reporting period[9] - The largest shareholder, Shenzhen Municipal Government, holds 50.07% of the shares[9] Government Support - The company received government subsidies amounting to CNY 67.54 million during the reporting period[7] Borrowings and Debt - The company’s long-term borrowings increased by 193.60% to RMB 140,049,500 from RMB 47,700,000 due to the acquisition of a subsidiary[13] - The company reported a decrease in short-term borrowings to CNY 1.25 billion from CNY 2.39 billion, a reduction of about 47.9%[21] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]

Financial Performance - Operating revenue for the first half of 2020 was CNY 6,372,775,555.54, a decrease of 3.20% compared to the same period last year[13]. - Operating profit increased by 8.28% to CNY 778,094,753.51 compared to CNY 718,621,107.88 in the previous year[13]. - Net profit attributable to shareholders was CNY 658,172,685.23, reflecting a growth of 10.68% year-on-year[13]. - The net cash flow from operating activities reached CNY 870,139,741.09, an increase of 26.74% compared to the previous year[13]. - Total profit amounted to CNY 823 million, representing a year-on-year increase of 12.92%[23]. - The company sold 1.653 billion cubic meters of natural gas, a year-on-year increase of 17.48%, with sales revenue from natural gas reaching CNY 4.443 billion, up 4.12%[23]. - The company achieved operating revenue of CNY 6.373 billion, a year-on-year decrease of 3.20%, primarily due to the impact of the pandemic on industrial gas and liquefied petroleum gas sales[23]. - The company reported a total comprehensive income of CNY 681,906,407.34 for the first half of 2020, compared to CNY 621,278,625.53 in the same period of 2019[92]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,234,629,663.02, up 4.39% from the end of the previous year[13]. - The company's total liabilities amounted to CNY 12,442,463,101.92, which is a 6.80% increase year-on-year[13]. - The debt-to-asset ratio increased by 1.5 percentage points to 51.33%[13]. - Current liabilities rose to ¥9,287,788,025.18 from ¥8,522,639,786.31, reflecting an increase of approximately 8.96%[85]. - Total liabilities reached ¥12,442,463,101.92, up from ¥11,649,952,746.34, marking a growth of around 6.78%[85]. - The total current assets reached approximately 5.689 billion RMB, an increase from 5.096 billion RMB at the end of the previous year[83]. Shareholder Information - The total number of ordinary shareholders reached 26,396 by the end of the reporting period[61]. - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 1,440,396,780 shares, representing 50.07% of the total shares[61]. - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[37]. Cash Flow and Financing - Cash and cash equivalents increased by 28.67% to CNY 3.82 billion, primarily due to the issuance of short-term financing bonds[28]. - The company issued CNY 1.5 billion in short-term financing bonds during the period, contributing to a net cash flow from financing activities increase of 110.43%[25]. - The company reported a significant increase in cash and cash equivalents, with a net increase of approximately ¥851.99 million, compared to a decrease of ¥120.16 million in the first half of 2019[98]. Market and Business Operations - The company operates in 12 provinces with 48 city gas franchise rights, focusing on natural gas supply[19]. - The natural gas sales volume is expected to maintain stable growth due to favorable policies and urbanization trends[20]. - The company plans to expand its liquefied petroleum gas (LPG) business into areas without pipeline gas access, targeting market segments that are currently underserved[20]. - The overall development environment for the city pipeline gas industry is expected to continue improving due to urbanization and consumption upgrades[20]. Research and Development - The company holds 284 patents and software copyrights, with 151 authorized, including 34 invention patents, demonstrating its technological leadership in the gas industry[22]. - The company has established a comprehensive R&D system with multiple innovation platforms, focusing on smart gas management and safety[22]. - Research and development expenses for the first half of 2020 were CNY 82,667,078.04, slightly up from CNY 80,490,693.51 in the same period of 2019[90]. Social Responsibility and Community Engagement - The company has established a poverty alleviation program in Minle West Village, focusing on education, employment transfer, and infrastructure improvement[50]. - The company has implemented a "short, flat, and fast" agricultural project to support impoverished households, providing chicken seedlings to labor-capable households[51]. - The company has ensured the implementation of social security policies for impoverished households, including medical assistance and educational support[52]. - The company has successfully helped 168 registered impoverished individuals to achieve poverty alleviation, meeting the standards for complete poverty eradication in Minle West Village[56]. Audit and Compliance - The company has appointed KPMG Huazhen LLP for the 2020 financial audit, with total audit fees amounting to 2.25 million RMB (including tax)[39]. - There are no significant litigation or arbitration matters reported during the reporting period[41]. - The company has not faced any penalties or corrective actions involving its directors, supervisors, or major shareholders during the reporting period[41]. Financial Instruments and Accounting Policies - The company recognizes revenue when control of goods or services is transferred to customers, which includes having the right to receive payment and the transfer of significant risks and rewards[163]. - Financial instruments include cash, equity investments, receivables, payables, borrowings, and bonds[122]. - The company recognizes impairment losses on financial assets when cash flows are no longer expected to be recoverable, leading to a direct write-down of the asset's carrying amount[136]. - The company plans to execute the new revenue recognition standard starting January 1, 2020, which may impact the financial statements[185].

Financial Performance - Operating revenue for the period was CNY 2,833,284,055.53, representing a decrease of 8.85% year-on-year[4] - Net profit attributable to shareholders of the listed company was CNY 217,073,176.20, down 8.91% from the previous year[4] - Basic earnings per share remained unchanged at CNY 0.08[5] - The company's operating revenue for the reporting period was 2,833.28 million RMB, a decrease of 8.85% compared to 3,108.36 million RMB in the same period last year[10] - The net profit for Q1 2020 was CNY 223.67 million, down from CNY 252.91 million in the same period last year, representing a decline of 11.55%[20] - The total comprehensive income for Q1 2020 was CNY 223.67 million, compared to CNY 252.91 million in Q1 2019, reflecting a decrease of 11.55%[20] - The company's operating profit for Q1 2020 was CNY 282.51 million, down from CNY 294.57 million in Q1 2019, indicating a decline of 4.10%[21] - The company reported a total profit of CNY 273.39 million for Q1 2020, compared to CNY 306.83 million in Q1 2019, reflecting a decline of 10.90%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,158,153,323.25, a decrease of 0.25% compared to the end of the previous year[4] - Net assets attributable to shareholders of the listed company increased by 2.00% to CNY 11,240,743,638.02[4] - Total liabilities amounted to ¥8,622,103,240.06, up 3.9% from ¥8,297,150,625.86 at the end of 2019[16] - Shareholders' equity totaled ¥10,137,010,566.84, an increase of 2.1% from ¥9,934,143,493.58 at the end of 2019[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 19,807,243.68, a significant decrease of 1,292.62% compared to the same period last year[4] - The cash flow from operating activities was CNY 2,840.90 million in Q1 2020, down from CNY 3,033.05 million in Q1 2019, a decrease of 6.35%[23] - The net cash flow from operating activities was -19,807,243.68 RMB, a significant decrease compared to 1,660,822.79 RMB in the previous year, indicating a decline in operational efficiency[25] - The cash flow from operating activities totaled 1,424,491,568.72 RMB, down from 1,471,374,510.00 RMB year-over-year, indicating a slight decline in revenue generation[27] Revenue Breakdown - Natural gas sales revenue increased by 2.50% to 2,082.98 million RMB from 2,032.16 million RMB year-on-year[10] - Wholesale sales revenue of liquefied petroleum gas decreased by 39.26% to 320.14 million RMB from 527.09 million RMB year-on-year[10] - Natural gas sales volume reached 732 million cubic meters, an increase of 15.82% from 632 million cubic meters in the same period last year[10] - Sales volume of natural gas to power plants surged by 147.76% to 166 million cubic meters from 67 million cubic meters year-on-year[10] - Non-power plant natural gas sales volume grew by 2.12% to 577 million cubic meters from 565 million cubic meters year-on-year[10] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,572[8] - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, held 50.07% of the shares[8] Research and Development - Research and development expenses for Q1 2020 were ¥22,118,549.55, a decrease of 44.1% compared to ¥39,614,246.68 in Q1 2019[18] - Research and development expenses for Q1 2020 were CNY 22.12 million, a significant decrease of 44.38% from CNY 39.61 million in Q1 2019[21] Financial Activities - Total cash inflow from financing activities reached 2,281,193,994.49 RMB, up from 1,319,827,247.95 RMB year-over-year, reflecting increased borrowing and capital inflow[26] - The total cash outflow for financing activities was 1,955,359,827.37 RMB, compared to 1,032,571,952.85 RMB in the previous year, indicating increased financial activity[26] - The company received 1,500,000,000.00 RMB from other financing activities, which was not recorded in the previous year, highlighting new funding sources[28]

Financial Performance - The company's operating revenue for 2019 was CNY 14,025,273,714.19, representing a 10.08% increase compared to CNY 12,741,389,910.39 in 2018[15] - The net profit attributable to shareholders for 2019 was CNY 1,057,831,208.63, which is a 2.61% increase from CNY 1,030,929,806.22 in the previous year[15] - The total assets at the end of 2019 amounted to CNY 23,215,754,677.81, reflecting a 17.77% increase from CNY 19,712,419,073.18 in 2018[16] - The company's net cash flow from operating activities for 2019 was CNY 2,445,445,795.16, a significant increase of 31.85% compared to CNY 1,854,679,385.69 in 2018[15] - The basic earnings per share for 2019 was CNY 0.37, up 2.78% from CNY 0.36 in 2018[17] - The company's total operating revenue for Q1 2019 was approximately CNY 3.11 billion, Q2 was CNY 3.47 billion, Q3 was CNY 3.42 billion, and Q4 reached CNY 4.02 billion[19] - The net profit attributable to shareholders for Q1 2019 was CNY 238.31 million, Q2 was CNY 356.33 million, Q3 was CNY 323.49 million, and Q4 was CNY 139.71 million[21] - The company's total revenue from sales of goods and services reached ¥15,586,394,912.18, an increase from ¥14,209,015,450.48 in the previous year, representing a growth of approximately 9.66%[149] Assets and Liabilities - The company's total liabilities at the end of 2019 were CNY 11,649,952,746.34, which is a 16.09% increase from CNY 10,035,568,434.37 in 2018[16] - The company's total equity attributable to shareholders at the end of 2019 was CNY 11,019,954,427.04, representing a 19.82% increase from CNY 9,196,961,030.79 in 2018[16] - The company's asset-liability ratio decreased to 50.18% at the end of 2019, down from 50.91% in 2018, a reduction of 0.73 percentage points[16] - The total accounts receivable increased by 52.78% to ¥669,959,287.18, primarily due to increased receivables from natural gas and gas engineering[41] - Fixed assets increased by 32.90% to ¥11,677,244,631.28, reflecting the transfer of construction in progress to fixed assets[41] - The total liabilities reached ¥11,649,952,746.34, up from ¥10,035,568,434.37, which is an increase of approximately 16.1%[138] Cash Flow and Investments - The company achieved a net cash flow from operating activities of 2.445 billion RMB, representing a 31.85% increase compared to the previous year[32] - The cash received from the disposal of subsidiaries and other operating units increased significantly, reaching ¥11,050,153.57, attributed to the disposal of Nanjing Luyuan Gas Co., Ltd.[40] - The total cash inflow from operating activities was CNY 8,161,156,627.53, an increase of 11.8% compared to CNY 7,300,782,965.56 in 2018[152] - The cash outflow from investing activities was ¥3,441,153,068.51, up from ¥2,863,472,110.34, indicating an increase of approximately 20.14%[150] - The total cash inflow from financing activities was CNY 3,399,000,000.00, a decrease from CNY 4,247,100,000.00 in 2018[153] Market and Business Operations - The company operates in 45 cities across 9 provinces in China, focusing on urban pipeline gas supply and liquefied natural gas wholesale[26] - The company expects stable growth in natural gas sales due to favorable policies and urbanization trends in China[26] - The liquefied petroleum gas wholesale business faces challenges as users transition to natural gas, with future market expansion targeting areas without pipeline gas[26] - The company plans to enhance its market share in the bottled gas sector by integrating the bottled gas industry in Shenzhen[26] - The company has established a comprehensive R&D system with 243 intellectual property applications, including 124 invention patents[29] Corporate Governance and Management - The company appointed KPMG Huazhen LLP as the domestic accounting firm with an audit fee of RMB 1,700,000 for a term of 4 years[61] - The company has a structured compensation policy based on performance evaluation and industry standards to attract and retain talent[103] - The company has a diverse board with members holding significant positions in other major firms, enhancing its strategic network[94] - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and maintaining independent operations from its controlling shareholder[106] Social Responsibility and Community Engagement - The company has been actively involved in environmental protection and promoting clean energy as part of its corporate social responsibility[76] - The company implemented targeted poverty alleviation initiatives in Meixi Village, including education support and infrastructure improvements, to ensure the effective implementation of poverty alleviation policies[70] - A total of 171 impoverished individuals were lifted out of poverty by the end of 2019, representing a significant achievement in the company's poverty alleviation efforts[73] - The company allocated CNY 234,000 to support 34 impoverished students' education in 2019[74] Future Outlook and Strategic Goals - The company plans to continue expanding its gas supply services and infrastructure development in the Shenzhen area, aiming for increased market penetration and customer base growth[161] - The company aims to achieve natural gas sales of 4 billion cubic meters and liquefied petroleum gas sales of 550,000 tons in 2020[52] - The company plans to enhance customer service capabilities, with an investment of 30 million in training and technology upgrades[96] - The company is actively pursuing a strategy of market expansion and integration, aiming to enhance its position as a leading clean energy operator in China[51]

Financial Performance - Net profit attributable to shareholders rose by 8.94% to CNY 918,123,870.82 for the year-to-date period[6] - Operating revenue for the year-to-date period increased by 6.25% to CNY 10,000,693,807.87 compared to the same period last year[6] - Basic earnings per share increased by 10.34% to CNY 0.32 for the year-to-date period[6] - The company reported a net profit of CNY 888,577,730.57 after deducting non-recurring gains and losses, an increase of 7.94% year-on-year[6] - The company reported a significant increase in operating profit, with operating costs rising by 6.78% to RMB 7,834,178,629.24[15] - The company reported a total profit of ¥408,394,347.69 for Q3 2019, compared to ¥290,697,989.11 in Q3 2018, marking an increase of 40.5%[26] - Net profit for Q3 2019 was ¥337,358,911.23, up 55.6% from ¥216,674,870.68 in Q3 2018[26] - The total comprehensive income for Q3 2019 was ¥337,358,911.23, up from ¥216,674,870.68 in Q3 2018, indicating a growth of 55.6%[28] Assets and Liabilities - Total assets increased by 10.85% to CNY 21,850,840,425.51 compared to the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 28,103[10] - The total liabilities reached CNY 10.27 billion, compared to CNY 10.04 billion in the previous year, reflecting a rise of approximately 2.29%[21] - The equity attributable to shareholders was CNY 11.07 billion, a significant increase from CNY 9.20 billion, marking a growth of around 20.25%[21] - The total non-current assets amounted to CNY 16.67 billion, up from CNY 15.12 billion, indicating a growth of approximately 10.26%[20] - The total liabilities were CNY 6,180,121,189.22, remaining stable compared to the previous period[42] - Total liabilities decreased to ¥7,575,530,918.52 in Q3 2019 from ¥7,864,211,518.59 in Q3 2018, a reduction of approximately 3.7%[23] - Shareholders' equity increased from 8,376,385,251.98 to 9,707,212,825.98, reflecting an increase of 1,330,827,574.00[46] Cash Flow - Net cash flow from operating activities increased by 21.00% to CNY 1,823,745,184.72 year-to-date[5] - The net cash flow from operating activities for Q3 2019 was CNY 1,823,745,184.72, an increase from CNY 1,507,241,288.47 in Q3 2018[35] - Total cash inflow from operating activities was CNY 5,881,556,579.83, an increase from CNY 5,240,255,052.33, representing a growth of about 12.24% year-over-year[38] - The cash outflow for operating activities totaled CNY 5,471,353,655.48, up from CNY 4,769,201,175.64, indicating an increase of approximately 14.74%[38] - The net cash flow from investing activities was negative at CNY -88,610,296.85, an improvement from CNY -362,286,357.67 in the previous year[39] - Cash inflow from financing activities was CNY 1,599,000,000.00, down from CNY 4,162,100,000.00, showing a decline of about 61.66%[39] Revenue Breakdown - Natural gas sales revenue reached RMB 660,873,000, an increase of 9.30% from RMB 604,658,000 year-on-year, with sales volume growing by 6.67% to 2.258 billion cubic meters[12] - Liquefied petroleum gas wholesale sales revenue decreased by 18.00% to RMB 148,638,000 from RMB 181,264,000 in the previous year[12] - The company reported a total of CNY 5,727,759,753.27 in cash received from sales of goods and services, compared to CNY 5,040,616,716.11 in the previous year, marking an increase of about 13.63%[38] Government Subsidies and Non-Recurring Gains - The company recorded a government subsidy of CNY 21,587,784.01 year-to-date, contributing to its non-recurring gains[7] - The company received government subsidies, leading to an increase in non-operating income by 121.98% to RMB 21,867,030.38[16] Shareholder Information - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 50.07% of shares[10] Research and Development - Research and development expenses for Q3 2019 were ¥68,830,049.84, an increase of 9.3% from ¥62,965,123.18 in Q3 2018[25] - Research and development expenses for the first three quarters of 2019 totaled CNY 149,320,743.35, slightly down from CNY 154,931,075.32 in the same period of 2018[29] Other Financial Metrics - The weighted average return on equity decreased by 1.16 percentage points to 8.36% compared to the same period last year[6] - The company's cash paid for various taxes increased by 33.54% to RMB 648,113,257.99 from RMB 485,331,456.76 year-on-year[17] - Other current assets decreased by 47.43% to RMB 84,070,485.97 from RMB 159,010,717.93 in the previous year[14] - The company's cash and cash equivalents decreased slightly to CNY 3.02 billion from CNY 3.03 billion year-on-year, showing a decline of about 0.02%[20]