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]

Financial Performance - Operating revenue decreased by 18.77% to CNY 5.77 billion for the first nine months compared to the same period last year[5] - Net profit attributable to shareholders decreased by 13.01% to CNY 503.69 million year-on-year[6] - Basic earnings per share decreased by 13.79% to CNY 0.25[6] - Total operating revenue for Q3 2015 was CNY 1,908,080,815.14, a decrease from CNY 2,481,015,799.88 in the same period last year[34] - Total operating costs for Q3 2015 were CNY 1,759,517,834.73, down from CNY 2,311,098,410.43 year-over-year[34] - Net profit for Q3 2015 reached CNY 166,823,733.79, an increase of 46.2% from CNY 114,180,760.48 in Q3 2014[40] - Total profit for the first nine months of 2015 was CNY 653,331,871.29, up 17.2% from CNY 557,584,589.65 in the same period last year[40] - The company’s net profit attributable to shareholders for the first nine months of 2015 was CNY 537,332,508.75, an increase of 15.1% from CNY 466,510,134.61 in the same period last year[40] Assets and Liabilities - Total assets increased by 15.91% to CNY 15.37 billion compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 28.97% to CNY 7.00 billion year-on-year[5] - Total current assets as of September 30, 2015, amounted to 4,757,552,691.80 RMB, an increase from 3,679,369,250.74 RMB at the beginning of the year[27] - Total assets as of September 30, 2015, reached 15,371,938,749.72 RMB, compared to 13,261,675,829.68 RMB at the beginning of the year[27] - Total liabilities as of September 30, 2015, were CNY 5,573,343,063.89, compared to CNY 4,989,065,711.97 at the start of the year[32] Cash Flow - Cash flow from operating activities decreased by 11.01% to CNY 723.24 million for the first nine months[5] - Cash received from sales of goods and services dropped by 19.66% to RMB 6,472,926,019.84 compared to RMB 8,057,408,436.62 in the previous year[16] - Cash flow from operating activities for the first nine months was CNY 723,243,241.69, a decrease of about 11% from CNY 812,754,836.77 in the previous year[43] - Cash inflow from operating activities totaled CNY 6,583,775,058.12, down from CNY 8,370,154,942.62 year-on-year, indicating a decline of approximately 21%[43] - Cash flow from investing activities showed a net outflow of CNY 823,227,235.47, improving from a net outflow of CNY 1,163,389,020.89 in the same period last year[44] - Cash flow from financing activities generated a net inflow of CNY 1,387,747,117.85, compared to a net outflow of CNY 17,351,698.07 in the previous year[44] Shareholder Information - The total number of shareholders reached 26,678 at the end of the reporting period[10] - The largest shareholder, Shenzhen Municipal Government, holds 50.87% of the shares[10] Investment Activities - The company reported a 307.45% increase in cash paid for investments, totaling RMB 22,540,000.00, compared to RMB 5,532,000.00 in the previous year[16] - Long-term equity investments rose by 26.29% to RMB 88,139,306.34, reflecting increased external equity investments[12] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased due to increased investment in fixed assets during the reporting period[18] Changes in Equity - The capital reserve increased by 87.95% to RMB 2,508,572,404.73, mainly due to the conversion of convertible bonds[14] - The total equity attributable to shareholders rose to CNY 6,705,966,680.99, up from CNY 5,108,691,552.28 at the start of the year[32]

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].

Financial Performance - Operating revenue decreased by 14.32% to CNY 1,875,298,030.36 year-on-year[5] - Net profit attributable to shareholders decreased by 15.78% to CNY 122,330,914.22 compared to the same period last year[5] - Basic earnings per share decreased by 14.29% to CNY 0.06 compared to the previous year[5] - The weighted average return on equity decreased by 0.64 percentage points to 2.23%[5] - Total operating revenue for Q1 2015 was CNY 1,875,298,030.36, a decrease of 14.3% from CNY 2,188,642,707.25 in the same period last year[31] - Net profit for Q1 2015 was CNY 106,790,723.38, a decline of 29.0% compared to CNY 150,278,251.87 in Q1 2014[32] - The profit attributable to the parent company's shareholders was CNY 122,330,914.22, down 15.7% from CNY 145,250,100.76 in the previous year[32] - Operating profit for Q1 2015 was CNY 159,219,019.95, a decrease of 18.5% from CNY 195,315,749.75 in the same period last year[32] Cash Flow - Net cash flow from operating activities was negative at CNY -79,479,312.82, a decrease of 134.82% year-on-year[5] - Operating cash inflow for the current period is CNY 1,989,418,134.49, down 21% from CNY 2,517,216,940.77 in the previous period[41] - Net cash flow from operating activities is negative CNY 79,479,312.82, compared to positive CNY 228,244,429.29 in the previous period[41] - Cash inflow from investment activities is CNY 1,183,195,792.15, significantly up from CNY 200,800.00 in the previous period[41] - Net cash flow from investment activities is negative CNY 299,071,150.59, an improvement from negative CNY 514,376,166.11 in the previous period[41] - Cash inflow from financing activities is CNY 3,428,156,030.43, up from CNY 909,551,321.20 in the previous period[42] - Net cash flow from financing activities is positive CNY 950,467,494.06, compared to negative CNY 177,729,901.08 in the previous period[42] - The net increase in cash and cash equivalents is CNY 571,917,030.65, a recovery from a decrease of CNY 463,861,637.90 in the previous period[42] - The ending balance of cash and cash equivalents is CNY 1,859,937,334.93, down from CNY 2,382,921,607.30 in the previous period[42] Assets and Liabilities - Total assets increased by 6.45% to CNY 14,117,519,329.97 compared to the end of the previous year[5] - Current assets increased to ¥4,152,118,595.82 from ¥3,679,369,250.74, representing a growth of approximately 12.9%[23] - Total liabilities increased to ¥8,248,612,692.88 from ¥7,495,089,804.17, indicating a rise of about 10.1%[25] - Total equity rose to CNY 5,237,425,922.92, an increase of 2.5% from CNY 5,108,691,552.28 in the previous year[32] - Total cash outflow for operating activities is CNY 2,068,897,447.31, down from CNY 2,288,972,511.48 in the previous period[41] Shareholder Information - The top shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 51.00% of shares[9] - Hong Kong and China Gas Company Limited is the second-largest shareholder with 16.66%[9] - The company's major shareholders have adhered to their commitments to avoid any form of competition with the company[19] Revenue Breakdown - Operating revenue decreased by 14.32% year-on-year to approximately CNY 1.88 billion, largely due to a significant drop in liquefied petroleum gas wholesale sales, which fell by 59.70% to CNY 251.51 million[14] - Natural gas sales revenue increased by 5.24% year-on-year to CNY 1.20 billion, with sales volume rising by 4.12% to 354 million cubic meters[14] Financial Expenses - Financial expenses increased by 52.83% year-on-year to approximately CNY 36 million, primarily due to an increase in borrowings[16] - The company incurred financial expenses of CNY 36,000,305.35, which increased from CNY 23,556,546.42 in Q1 2014[32] Non-Recurring Items - The company reported a non-recurring gain of CNY 2,285,035.23 for the period[7] - The company reported a significant increase in government subsidies, leading to a 154.52% rise in non-operating income to approximately CNY 3.46 million[16] Internal Control and Risk Management - The company plans to continue enhancing its internal control systems and has completed a major risk assessment for 2015[18]

Financial Performance - The company's operating revenue for 2014 was CNY 9,530,873,495.52, representing an increase of 11.15% compared to CNY 8,574,549,940.63 in 2013[23] - The operating profit for 2014 reached CNY 911,908,678.61, up by 13.45% from CNY 803,804,256.89 in the previous year[23] - The total profit for the year was CNY 928,883,411.44, a slight decrease of 0.79% from CNY 936,248,234.94 in 2013[23] - The net profit attributable to shareholders was CNY 721,129,885.11, reflecting a growth of 2.00% compared to CNY 707,010,641.07 in 2013[23] - The basic earnings per share for 2014 was CNY 0.36, unchanged from 2013[32] - The weighted average return on equity after deducting non-recurring gains and losses was 13.62%[32] - The company reported a net profit increase, with retained earnings growing to CNY 1.80 billion from CNY 1.43 billion, reflecting a growth of about 26.4%[192] - Net profit for the year was CNY 732,232,294.56, slightly up from CNY 726,645,743.74, indicating a growth of 0.8%[197] Assets and Liabilities - The company's total assets increased by 9.78% to CNY 13,261,675,829.68 from CNY 12,080,621,392.98 in the previous year[23] - The total liabilities rose by 9.85% to CNY 7,495,089,804.17, compared to CNY 6,822,955,874.22 in 2013[23] - The company's debt-to-asset ratio was 56.52%, slightly up from 56.48% in the previous year[23] - The company's total assets decreased to CNY 10,097,757,264.25 from CNY 10,263,619,729.89, a decline of 1.6%[195] - Total liabilities decreased to CNY 4,989,065,711.97 from CNY 5,491,773,983.53, a reduction of 9.1%[195] - Total equity attributable to shareholders reached CNY 5.43 billion, up from CNY 4.98 billion, marking an increase of around 9.1%[192] Cash Flow - The company's net cash flow from operating activities was CNY 1,122,697,876.37, down by 13.18% from CNY 1,293,155,945.14 in 2013[23] - The company's cash flow from operating activities showed a significant increase, primarily due to government subsidies and increased deposits[41] - Cash and cash equivalents decreased to CNY 2.11 billion from CNY 2.98 billion, a decline of approximately 29.1%[190] Investments and Expenditures - The company’s investment activities resulted in a net cash outflow of CNY 2.45 billion, a significant increase in outflow compared to CNY 702 million in the previous year[34] - The total investment amount during the reporting period was CNY 16,463.20 million, representing a 57.69% increase from the previous year's investment of CNY 10,440.20 million[63] - The company is investing 200 million RMB in technology upgrades to improve service delivery and reduce operational costs[145] Market and Sales - The natural gas sales revenue was CNY 4.99 billion, up 9.02% from CNY 4.58 billion in the previous year[35] - The total natural gas sales volume reached 1.522 billion cubic meters, a year-on-year increase of 10.13%[35] - The company achieved a natural gas sales volume of 1.55 billion cubic meters, completing 98% of its annual target, with a 10.13% increase from 1.38 billion cubic meters in the previous year[46] - The company reported a total sales revenue of 2.77 billion RMB, a year-on-year increase of 14.15%, with a net profit of 10.52 million RMB[54] - The company’s revenue from Guangdong province increased by 1.84% to approximately 6.58 billion RMB, while revenue from outside Guangdong surged by 46.13%[56] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.43 per 10 shares to all shareholders, subject to approval at the annual general meeting[2] - The company plans to distribute a cash dividend of 1.43 RMB per 10 shares for the 2014 fiscal year, which represents 39.28% of the net profit attributable to shareholders[85] - The largest shareholder is Shenzhen State-owned Assets Supervision and Administration Commission, holding 1,010,029,500 shares, which accounts for 51.00% of total shares[125] Governance and Management - The company has a strong governance structure, having introduced well-known enterprises as strategic investors to optimize its shareholder structure[62] - The company has established a long-term incentive mechanism by granting stock options to 68 middle and senior management personnel[62] - The company continues to focus on enhancing its governance structure and management efficiency[138] - The company has implemented a stock option incentive plan and established a standardized performance evaluation and incentive mechanism for senior management[173] Future Outlook and Strategy - The company aims to expand its market by focusing on pipeline gas as the main business, while also engaging in wholesale and retail of liquefied petroleum gas[74] - The company plans to accelerate the transformation from a city gas operator to a clean energy operator, enhancing its core competitiveness through innovation in technology, management, and business models[74] - The company is actively pursuing mergers and acquisitions to facilitate cross-regional expansion and enhance its market presence[74] - The company has set a performance guidance of 1.65 billion RMB in revenue for the next fiscal year, reflecting a 10% increase[145] Social Responsibility and Sustainability - The company has been actively fulfilling its social responsibility since 2011, publicly disclosing its social responsibility report[86] - The management team emphasized the importance of sustainability initiatives, targeting a 20% reduction in carbon emissions by 2025[145] Risks and Challenges - The company faces risks from slow economic recovery, which may lead to lower-than-expected gas demand growth and challenges in expanding pipeline natural gas sales[81] - The company is positioned to benefit from favorable policies promoting clean energy and natural gas applications, creating significant strategic development opportunities[80]

Financial Performance - Operating revenue for the first nine months rose by 14.31% to CNY 7,105,413,576.92 year-on-year[10] - Net profit attributable to shareholders increased by 16.42% to CNY 578,996,153.80 compared to the same period last year[10] - Basic earnings per share decreased by 3.33% to CNY 0.29[10] - The weighted average return on equity decreased by 2.27 percentage points to 11.31%[10] - Net profit for the first nine months of 2014 was CNY 610,090,833.00, representing a year-on-year increase of 16.5%[42] - Total profit for the first nine months of 2014 was CNY 740,747,806.58, compared to CNY 780,654,282.60 for the same period in 2013, indicating a decrease of 5.12%[44] - Net profit for Q3 2014 reached CNY 140,473,899.23, representing a 59.93% increase from CNY 87,840,142.25 in the same period last year[44] - Total comprehensive income for Q3 2014 was CNY 140,473,899.23, compared to CNY 87,840,142.25 in Q3 2013, reflecting a growth of 59.93%[44] Assets and Liabilities - Total assets increased by 7.95% to CNY 13,040,721,834.97 compared to the end of the previous year[9] - Total assets as of September 30, 2014, amounted to CNY 10,108,037,165.71, a decrease from CNY 10,263,619,729.89 at the beginning of the year[39] - Total liabilities were CNY 5,137,268,566.77, down from CNY 5,491,773,983.53 at the start of the year, indicating a reduction in financial leverage[39] - The company's equity attributable to shareholders increased to CNY 4,970,768,598.94 from CNY 4,771,845,746.36, showing a growth in shareholder value[39] Cash Flow - Cash flow from operating activities decreased by 2.89% to CNY 812,754,836.77[9] - Cash inflow from financing activities totaled CNY 3,681,942,852.42, a decrease from CNY 3,862,090,311.64 year-over-year, showing a decline of about 4.7%[54] - The net cash flow from financing activities was negative at CNY -17,351,698.07, compared to CNY -69,733,924.63 in the previous year, indicating an improvement[54] - Cash inflow from investment activities was CNY 280,152,707.21, significantly lower than CNY 796,889,606.38 in the previous year, indicating a decrease of about 64.8%[54] - Cash and cash equivalents decreased to CNY 1,191,876,300.74 from CNY 2,053,734,439.48 at the beginning of the year, reflecting a cash outflow[38] - The ending cash and cash equivalents balance was CNY 2,478,797,363.01, compared to CNY 1,661,510,152.71 at the end of the same period last year, representing an increase of approximately 49.2%[54] Sales and Revenue - Natural gas sales volume reached 1.128 billion cubic meters, a 9.20% increase from 1.033 billion cubic meters in the previous year, with power plant sales increasing by 14.29%[20] - The company's liquid petroleum gas wholesale sales revenue was RMB 215,772,000, up 25.23% from RMB 172,304,000 in the previous year[20] - Total operating revenue for Q3 2014 reached CNY 2,481,015,799.88, an increase of 15.7% compared to CNY 2,144,922,381.39 in Q3 2013[42] - Total operating costs for Q3 2014 were CNY 2,311,098,410.43, up 14.5% from CNY 2,017,926,851.84 in the same period last year[42] Shareholder Information - The number of shareholders reached 33,247 by the end of the reporting period[14] - The largest shareholder, Shenzhen Municipal Government, holds 51.00% of the shares[14] - The company's minority shareholder profit increased by 86.31% to RMB 12,654,953.21 from RMB 6,792,414.89 year-over-year[20] Investments and Projects - The company received government subsidies of RMB 179,830,000 for circular economy and energy-saving projects[21] - The company reported a decrease in cash received from investment activities due to reduced loan business by a subsidiary[22] - The company’s investment cash outflow decreased due to a reduction in external equity investments compared to the previous year[22] Internal Control and Compliance - The company completed internal control testing and evaluation for 12 subsidiaries, enhancing risk management capabilities[23] - The company is focused on improving its internal control systems and risk assessment standards across various operational areas[23] - The company’s actual controller has adhered to commitments made regarding non-competition since May 2008, ensuring compliance[24]