Financial Performance - Net profit attributable to shareholders was CNY 649,951,597.89, representing a significant increase of 678.71% year-on-year[12]. - Operating revenue for the period was CNY 657,832,268.01, reflecting a growth of 24.06% compared to the same period last year[12]. - Basic earnings per share rose to CNY 2.07, a 459.46% increase compared to CNY 0.37 in the same period last year[12]. - The company's net profit for the current period reached ¥739,504,373.16, a significant increase compared to ¥159,478,824.21 in the previous period, representing a growth of approximately 365%[44]. - Operating profit was reported at ¥809,801,099.45, up from ¥201,865,558.68, indicating a growth of around 301%[44]. - Total revenue for the current period was ¥225,711,065.00, compared to ¥7,389,946.60 in the same period last year, reflecting an increase of approximately 2,956%[47]. - The total comprehensive income for the current period was ¥733,645,563.66, compared to ¥167,179,545.13 in the previous period, representing an increase of about 338%[49]. - The company's total profit amounted to ¥809,836,652.77, compared to ¥201,200,502.62 in the previous period, indicating an increase of around 302%[44]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,469,363,598.40, an increase of 2.74% compared to the end of the previous year[12]. - The total assets amounted to ¥9,216,427,836.29, a decrease of ¥50,021,450.85 from the previous period[64]. - Total liabilities were ¥3,223,376,495.06, reflecting a decrease of ¥50,021,450.85[64]. - Total liabilities reached approximately $561.35 million, with current liabilities totaling about $166.35 million and non-current liabilities at approximately $395 million[73]. - The company’s total liabilities to total assets ratio stands at approximately 23%, indicating a relatively low leverage level[73]. Cash Flow - The net cash flow from operating activities was negative at CNY -236,091,258.01, compared to CNY -74,683,277.52 in the previous year[12]. - The net cash flow from operating activities for Q1 2021 was -236,091,258.01 RMB, compared to -74,683,277.52 RMB in Q1 2020, indicating a significant decline[54]. - Total cash inflow from operating activities in Q1 2021 was 711,813,285.57 RMB, up from 412,656,883.13 RMB in Q1 2020, reflecting a growth of approximately 72.5%[54]. - Cash outflow from operating activities increased to 947,904,543.58 RMB in Q1 2021, compared to 487,340,160.65 RMB in Q1 2020, representing a rise of about 94.4%[54]. - The net cash flow from investing activities was 54,202,495.44 RMB in Q1 2021, a recovery from -381,188,329.33 RMB in Q1 2020[56]. - The net cash flow from financing activities in Q1 2021 was -204,766,593.99 RMB, compared to 72,327,255.23 RMB in Q1 2020, indicating a shift towards negative cash flow[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,800[18]. - The largest shareholder, Ming Zaiyuan, held 35.78% of the shares, amounting to 112,209,124 shares[18]. - Shareholders' equity totaled CNY 2,288,562,196.30 as of March 31, 2021, compared to CNY 1,868,311,632.78 in Q1 2020[41]. Receivables and Investments - Accounts receivable increased by 55.26% to ¥747,065,117.83 due to some sales payments not being received in the current period[21]. - Other receivables rose by 51.95% to ¥1,002,963,207.14, mainly from uncollected convertible bond income and financial subsidies[21]. - Long-term equity investments surged by 7282.54% to ¥496,774,124.24 as a result of changing to equity method accounting after selling part of a wholly-owned subsidiary[21]. - The company reported long-term equity investments of approximately $1.87 billion, indicating a strong investment position[70]. Operational Efficiency - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[41]. - The company executed the new leasing standard effective January 1, 2021, impacting its financial reporting[73].

Financial Performance - The company's operating revenue for 2020 was RMB 2,112,295,988.64, representing a decrease of 8.01% compared to RMB 2,296,274,568.00 in 2019[23]. - The net profit attributable to shareholders of the listed company for 2020 was approximately ¥358.98 million, a decrease of 15.02% compared to ¥422.43 million in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥334.49 million, down 20.63% from ¥421.46 million in the previous year[26]. - The net cash flow from operating activities was approximately ¥954.07 million, a decline of 20.51% from ¥1.20 billion in 2019[26]. - Basic earnings per share for 2020 were ¥1.14, down 15.56% from ¥1.35 in 2019[27]. - The weighted average return on equity decreased to 13.75%, down 3.98 percentage points from 17.73% in 2019[27]. - The total operating revenue for the year was approximately CNY 2.11 billion, a decrease of 8.01% year-on-year[54]. - The net profit attributable to the parent company was approximately CNY 359 million, down 15.02% compared to the previous year[54]. - The net cash flow from operating activities was approximately CNY 954 million, reflecting a decline of 20.51% year-on-year[54]. Shareholder Information - As of December 31, 2020, the company's distributable profit was RMB 408,415,445.83, with a proposed cash dividend of RMB 6 per 10 shares and a capital reserve conversion of 2 shares for every 10 shares[6]. - The cash dividend distribution ratio for 2020 is 52.25% of the net profit attributable to ordinary shareholders, which is RMB 358,981,109.90[101]. - The company has a profit distribution policy that mandates at least 30% of the cumulative distributable profits over three consecutive years to be distributed[96]. - The company’s profit distribution policy emphasizes a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[96]. - The company will maintain communication with minority shareholders regarding the profit distribution policy and any changes[96]. Corporate Governance - The company has established a complete governance structure and independent operational capabilities, ensuring that it can conduct business activities autonomously[109]. - The actual controller and major shareholders have made commitments regarding competition and related transactions, ensuring compliance with regulations and maintaining independence in operations[106]. - The commitments made by the actual controller include measures to avoid conflicts of interest and ensure that the company operates independently from other controlled enterprises[109]. - The company has committed to maintaining a transparent decision-making process for any unavoidable related transactions[109]. - The company has implemented a comprehensive internal control system, including a 2020 internal control manual[192]. Market Operations - The company primarily operates in the urban gas business in Xinjiang, focusing on natural gas sales and installation services for residential and commercial users[36]. - The company has established long-term operating rights in eight cities and regions for natural gas markets, enhancing its competitive advantage[48]. - The company achieved a natural gas sales volume of 563 million cubic meters and completed the installation for 37,944 users during the reporting period[53]. - The company has expanded its market presence by acquiring a 51% stake in five companies and a 49% stake in another five companies from Kunlun Gas, totaling approximately RMB 27.36 million and RMB 7.50 million respectively[43]. - The strategic partnership with Kunlun Gas is expected to positively impact the company's operating performance by increasing investment income and expanding the customer base[44]. Risks and Challenges - The company faces risks related to government policy dependence, particularly in pricing and licensing, which could impact market development[91]. - The company anticipates increased competition in the urban gas sector, which may challenge its market share and profitability[91]. - The company is subject to price control risks due to government regulations on natural gas pricing, which may affect its cost structure and profit margins[91]. - The company is exposed to supply chain risks, particularly regarding gas source allocation from upstream suppliers like PetroChina and Sinopec[91]. - The company is at risk of fluctuating coalbed methane reserves, which could impact its financial performance if estimates are reduced[91]. Operational Efficiency - The company has implemented centralized management for subsidiaries, improving resource utilization efficiency[51]. - The company reported a significant increase in other receivables, which rose by 65.31% to approximately ¥660.07 million, due to pending financial subsidies and VAT refunds[70]. - Operating costs in the Xinjiang region decreased by 44.57% year-over-year, primarily due to lower natural gas purchase costs[59]. - Operating costs in the Shanxi region increased by 96.36% year-over-year, with a gross margin decrease of 37.56%, attributed to the reclassification of pipeline transportation fees to operating costs[59]. - The company has developed advanced coalbed methane extraction technologies, maintaining a leading position in the industry[48]. Social Responsibility - The company established the "Love Education Poverty Alleviation Scholarship" to support impoverished students who were admitted to higher education institutions, with a 100% visit rate to families of reported students[137]. - A total of 44 students met the criteria for assistance, with the company investing 440,000 RMB in educational poverty alleviation efforts[143]. - The company plans to continue its educational poverty alleviation initiatives in collaboration with local government departments to support more impoverished students[144]. Audit and Compliance - The company has maintained a standard unqualified audit opinion from its accounting firm, Zhongshun Zhonghuan[5]. - The company reported no major litigation or arbitration matters for the year[129]. - There were no significant integrity issues reported for the company or its major stakeholders during the reporting period[129]. - The internal control audit report was disclosed, providing a standard unqualified opinion[200].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥234,174,806.31, a decrease of 13.16% year-on-year[18] - Operating revenue for the first nine months was ¥1,379,100,868.52, down 22.26% from the same period last year[18] - Basic earnings per share decreased to ¥0.75, down 12.79% from ¥0.86 in the same period last year[21] - The weighted average return on net assets was 9.07%, a decrease of 2.48 percentage points compared to the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥227,460,511.50, a decrease of 15.29% year-on-year[18] - Total operating revenue for Q3 2020 was CNY 421,946,167.43, a decrease of 23.8% compared to CNY 554,259,610.47 in Q3 2019[52] - Net profit for Q3 2020 was CNY 88,127,859.15, down 59.5% from CNY 217,158,819.74 in Q3 2019[56] - Net profit for Q3 2020 was a loss of CNY 3,705,739.18, while the profit for the same period in 2019 was CNY 136,004,710.39[66] - Total comprehensive income for Q3 2020 was a loss of CNY 3,705,739.18, compared to a profit of CNY 136,004,710.39 in Q3 2019[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,844,542,239.34, an increase of 3.58% compared to the end of the previous year[18] - The company reported a significant increase in accounts receivable, reaching RMB 539,274,114.06, up 61.23% from RMB 334,475,623.67 in the previous year[27] - Current liabilities rose to ¥1,143,093,213.29, compared to ¥1,001,929,231.50, reflecting an increase of about 14.09%[45] - Non-current liabilities increased to ¥2,020,654,821.13 from ¥1,846,202,165.83, marking a growth of approximately 9.43%[45] - Total liabilities reached ¥3,163,748,034.42, up from ¥2,848,131,397.33, indicating an increase of around 11.03%[45] - The company’s total assets as of September 30, 2020, were RMB 2,137,652,877.88, compared to RMB 2,451,610,723.76 at the end of 2019[38] - The company’s cash and cash equivalents stood at ¥154,083,582.87, a significant increase from ¥1,155,870.98[47] - The total equity attributable to shareholders reached ¥2,628,508,228.61, up from ¥2,530,052,836.91, reflecting an increase of approximately 3.88%[45] - The company reported a cash balance of 154,083,582.87 RMB at the end of the third quarter, compared to 171,888,888.36 RMB at the beginning[76] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,462[24] - The top ten shareholders held a total of 35.78% of the shares, with the largest shareholder holding 112,209,124 shares[24] Cash Flow - Net cash flow from operating activities was ¥486,500,312.34, a decline of 30.67% compared to the previous year[18] - Cash flow from operating activities for the first three quarters of 2020 was CNY 1,236,453,800.87, down from CNY 1,607,552,646.74 in 2019[72] - The net cash flow from operating activities for the first three quarters of 2020 was -32,764,212.57 RMB, an improvement from -51,360,687.05 RMB in the same period of 2019, indicating a 36.5% reduction in cash outflow[74] - Total cash inflow from financing activities was 418,479,583.33 RMB, while cash outflow was 715,593,820.96 RMB, resulting in a net cash flow of -297,114,237.63 RMB[74] Investment and Expenses - The company purchased RMB 50,000,000.00 in financial products during the period, marking a new investment strategy[27] - The company reported a significant increase in financial expenses, totaling CNY 41,579,485.57 in Q3 2020, compared to CNY 20,263,350.28 in Q3 2019[56] - The company reported a significant increase in financial expenses, with interest expenses reaching CNY 1,723,111.10 in Q3 2020, compared to CNY 1,139,011.61 in Q3 2019[66] - The company paid 181,120,620.00 RMB in dividends, profits, or interest during the financing activities[76] Other Financial Metrics - The company’s other income surged by 93.82% to RMB 200,253,000.31, primarily due to increased government subsidies[30] - The company’s investment income increased significantly by 1635.00% to RMB 906,233.09, attributed to new principal-protected financial products[30] - The company received approval for a non-public issuance of A-shares, which will be processed in accordance with regulatory requirements[34] - The company adjusted accounts receivable down by ¥11,068,644.25 and increased contract assets by the same amount due to the new revenue recognition standards[86] - Contract liabilities increased by ¥148,373,159.97, reflecting a shift from "pre-receipts" to "contract liabilities" under the new accounting standards[86]

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 957,154,701.09, a decrease of 21.53% compared to RMB 1,219,806,555.66 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was RMB 174,594,384.23, an increase of 11.99% from RMB 155,897,864.71 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 162,349,622.81, which is a 3.79% increase compared to RMB 156,422,425.68 last year[20]. - The net cash flow from operating activities was RMB 351,637,563.00, a slight decrease of 1.59% from RMB 357,303,026.23 in the previous year[20]. - The total assets at the end of the reporting period were RMB 8,518,574,666.32, a decrease of 0.23% from RMB 8,538,595,968.17 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased to RMB 2,573,966,097.61, reflecting a growth of 1.74% from RMB 2,530,052,836.91 at the end of the previous year[20]. - Basic earnings per share for the first half of 2020 were RMB 0.56, up 12% from RMB 0.50 in the same period last year[23]. - The diluted earnings per share were also RMB 0.56, indicating a 12% increase compared to RMB 0.50 in the previous year[23]. - The weighted average return on net assets was 6.74%, slightly up by 0.03 percentage points from 6.71% in the previous year[23]. Operational Highlights - The company primarily engages in urban natural gas distribution, sales, installation, and coalbed methane extraction, operating mainly in Xinjiang[29]. - The company sources most of its natural gas from PetroChina and Sinopec, with contracts typically negotiated annually based on state pricing guidelines[32]. - The gas sales pricing for downstream users is determined by local government price authorities, with efforts to establish a price linkage mechanism[32]. - The company utilizes both pipeline and vehicle transportation for gas distribution, with a focus on pipeline delivery[32]. - The company has expanded its service areas to include nine cities and counties in Xinjiang, catering to residential, commercial, and industrial users[29]. - The company employs a prepayment model for gas price settlements, enhancing cash flow management[32]. - The company aims to increase business scale and expand its market presence through strategic initiatives and government engagement[32]. - The company operates CNG sales through vehicle-mounted methods, with contracts specifying gas volume, pricing, and delivery points[35]. - The company achieved a natural gas sales volume of 276 million cubic meters and completed the installation of 16,274 user households in the first half of 2020[43]. Financial Position - The company reported a significant increase in cash received from tax refunds, totaling CNY 91,704,767.76, compared to CNY 15,439,675.59 in the prior year[127]. - The cash and cash equivalents at the end of the period amounted to CNY 2,016,115,025.60, compared to CNY 1,958,338,365.06 at the end of the previous year[129]. - The company reported a total of 112,209,124 shares held by its largest shareholder, Ming Zai Yuan[95]. - The company has a stable supply of gas sources from multiple upstream suppliers, enhancing its supply security[39]. - The company’s investment income increased significantly by 744.67% to approximately 441,192 RMB compared to the previous year[44]. Strategic Initiatives - The company plans to issue up to 35,000,000 shares of A-shares through a private placement, subject to approval from the China Securities Regulatory Commission, indicating potential capital raising efforts[76]. - The company is expanding its market presence in Asia, targeting a 30% increase in sales in that region by the end of 2021[66]. - A strategic acquisition was completed, enhancing the company's capabilities and expected to contribute an additional 200 million in revenue annually[67]. - Research and development investments increased by 15%, focusing on innovative solutions to enhance customer experience[68]. - The company plans to implement new marketing strategies aimed at increasing brand awareness, with a budget allocation of 50 million for the next fiscal year[62]. Social Responsibility - The company has established a "Love Education Poverty Alleviation Scholarship" to support impoverished students in areas where it operates, achieving a 100% visit rate to assess the conditions of reported families[79]. - The company provided financial assistance to 43 impoverished students, with a total investment of 430,000 RMB for educational poverty alleviation[83]. - The assistance included 8 students from Wujiaqu Company, 9 from Miquan Company, 16 from Yanbo Company, and 10 from Kuche Company, all of whom were enrolled in undergraduate programs[83]. - The company aims to continue supporting educational poverty alleviation efforts in collaboration with local government departments[84]. - The company emphasized the positive social impact of its poverty alleviation activities, fostering a supportive environment for students[83]. Governance and Compliance - The company reported no significant risks affecting normal operations during the reporting period[7]. - The company committed to transparency in financial reporting and adherence to regulatory requirements, ensuring investor confidence[64]. - The management emphasized the importance of maintaining operational independence from controlling shareholders to ensure fair practices[63]. - The company has not experienced any non-standard audit reports, suggesting a clean financial audit for the reporting period[70]. - The company has not faced any issues regarding the integrity of its controlling shareholders or actual controllers during the reporting period, reflecting a stable governance structure[72].

证券代码：603393 证券简称：新天然气 公告编号：2020-031 新疆鑫泰天然气股份有限公司 关于参加 2020 年新疆辖区上市公司投资者网上 集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解新疆鑫泰天然气股份 有限公司（以下简称"公司"）的基本情况、发展战略、经营 状况、融资计划、股权激励、可持续发展等投资者所关心的问 题，公司定于 2020 年 6 月 24 日（星期三）下午 15:00-17:30 参加由新疆上市公司协会联合深圳市全景网络有限公司开展的 "新疆辖区上市公司 2020 年度投资者网上集体接待日"活动。 现将有关事项公告如下： 本次集体接待日活动采取网络远程的方式举行。网上交流 网址：投资者可以登录（http://rs.p5w.net/）或(微信公众 号:p5w2012)进入专区页面参与交流。 出席本次集体接待日的人员有：公司董事会秘书刘东先生、 财务总监陈建新先生。 欢迎广大投资者积极参与。 特此公告。 新疆鑫泰天然气股份有限公司 2020 ...

Financial Performance - Operating revenue for the period was ¥530,268,739.54, a decrease of 23.68% compared to the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥83,465,133.31, representing an increase of 8.06% year-on-year[18]. - Basic earnings per share decreased by 22.92% to ¥0.37 compared to ¥0.48 in the same period last year[20]. - The company reported a significant reduction in sales expenses to 9,281,679.24 RMB from 20,979,369.51 RMB in Q1 2019, indicating cost-cutting measures[51]. - The company's net profit for the current quarter is 159,478,824.21, compared to 164,569,595.86 in the previous year, reflecting a decrease of approximately 6.67%[54]. - The total profit for the current quarter is 201,200,502.62, down from 228,522,894.03 in the same quarter last year, indicating a decline of about 12.00%[54]. - The company reported a tax expense of 41,721,678.41, down from 63,953,298.17 in the previous year, reflecting a decrease of approximately 34.67%[54]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,573,207,486.92, an increase of 0.41% compared to the end of the previous year[18]. - Total liabilities decreased to 321,752,525.57 RMB in Q1 2020 from 194,478,769.69 RMB in Q1 2019, indicating a reduction in financial obligations[49]. - Current liabilities reached ¥1,001,929,231.50, including short-term borrowings of ¥30,000,000.00 and accounts payable of ¥475,803,565.06[76]. - Total liabilities were reported at ¥2,848,131,397.33, with non-current liabilities comprising ¥1,846,202,165.83[78]. - Shareholders' equity totaled ¥5,690,464,570.84, with total equity attributable to the parent company amounting to ¥2,530,052,836.91[78]. Cash Flow - The net cash flow from operating activities was negative at -¥74,683,277.52, a decline of 158.70% compared to the previous year[18]. - Cash inflow from financing activities totaled 100,000,000.00 RMB, while cash outflow was 27,672,744.77 RMB, resulting in a net cash flow from financing activities of 72,327,255.23 RMB[67]. - The cash inflow from operating activities was 62,373,503.99 RMB, a substantial increase from 538,242.63 RMB in the same quarter last year, representing a growth of over 11,500%[67]. - The total cash flow from investment activities was -381,188,329.33 RMB, reflecting a negative trend compared to -103,214,929.75 RMB in the same quarter last year[66]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,314[24]. - The largest shareholder, Ming Zaiyuan, held 35.78% of the shares, with 80,149,374 shares pledged[24]. - The company has seen a decrease in minority shareholders' profit to 76,013,690.90 from 87,330,453.33 in the previous year, reflecting a decline of approximately 13.00%[54]. Expenses and Income - Financial expenses dropped by 69.44% to ¥9,050,680.50, resulting from optimized borrowing structure and foreign exchange gains[32]. - Other income increased by 63.78% to ¥49,610,771.57, primarily from subsidies related to coalbed methane[32]. - The company reported a non-operating expense of -¥665,056.05 due to donations related to COVID-19 prevention efforts[22]. - Research and development expenses were 31,134,267.81 RMB, down from 51,583,274.92 RMB in the previous year, suggesting a focus on efficiency[51]. Changes in Financial Position - The company adjusted contract liabilities by ¥148,373,159.97 due to the implementation of new revenue recognition standards[78]. - The company reported a significant increase in cash outflow for investment activities, totaling 383,994,246.04 RMB, compared to 103,316,264.23 RMB in the previous year, marking an increase of approximately 271.5%[66]. - The company has a total of ¥880,346,819.92 in undistributed profits, contributing to its retained earnings[78].

Financial Performance - In 2019, the company's operating revenue reached ¥2,296,274,568, representing a year-on-year increase of 40.72% compared to ¥1,631,812,003.87 in 2018[23]. - The net profit attributable to shareholders was ¥422,425,749.43, up 26.26% from ¥334,568,720.37 in the previous year[23]. - The net cash flow from operating activities increased by 75.40% to ¥1,200,219,691.17 from ¥684,258,507.29 in 2018[23]. - The total assets at the end of 2019 were ¥8,538,595,968.17, reflecting a 7.46% increase from ¥7,945,911,568.14 at the end of 2018[23]. - Basic earnings per share rose to ¥1.89, a 26.85% increase from ¥1.49 in 2018[23]. - The weighted average return on equity increased to 17.73%, up 1.13 percentage points from 16.60% in 2018[23]. - The company reported a total revenue of 2,296,274,568 RMB, a year-on-year increase of 40.72%[50]. - Net profit attributable to shareholders was 422,425,700 RMB, up 26.26% compared to the previous year[50]. - The company’s total assets increased, with net assets attributable to shareholders reaching 2,530,052,800 RMB[50]. Dividend Policy - The company plans to distribute a cash dividend of 8 RMB per 10 shares to all shareholders, totaling 179.2 million RMB, based on a total share capital of 224 million shares as of December 31, 2019[6]. - The cash dividend for 2019 was set at 8 RMB per 10 shares, with an additional capital reserve conversion of 4 shares for every 10 shares held[91]. - The company plans to distribute at least 30% of the average distributable profit over the last three years in cumulative dividends every three years[88]. - The company aims for a minimum cash dividend ratio of 80% for mature stages without major capital expenditures, and 40% if there are significant expenditures[88]. - The board must consider industry characteristics, development stages, and profitability when proposing differentiated cash dividend policies[88]. - The company has not adjusted its cash dividend policy during the reporting period[92]. - The board is required to complete the distribution of dividends within two months after shareholder approval[91]. - The company will communicate with minority shareholders to gather their opinions on dividend policies[91]. Operational Overview - The company primarily engages in urban natural gas distribution, sales, household installation, and coalbed methane extraction in Xinjiang, covering 8 cities including Urumqi and Fukang[37]. - The company has established a procurement model where most natural gas is sourced from PetroChina and Sinopec, with contracts typically signed annually to determine pricing and supply[37]. - The company utilizes a pipeline transportation model for natural gas, with a portion also delivered via vehicle, ensuring efficient distribution to various user types[37]. - The natural gas sales price for downstream users is regulated by local government price authorities, with efforts to establish a price linkage mechanism to enhance pricing flexibility[40]. - The company achieved a natural gas sales volume of 578 million cubic meters, with user installations completed for 24,701 households[49]. - Coalbed methane extraction volume reached 931 million cubic meters, representing a 16.07% increase from 802 million cubic meters in 2018[49]. - The company’s operating pipeline length reached 1,036 kilometers, with 22 distribution stations and 20 refueling stations[46]. Market Environment - The natural gas market in China has seen a high growth rate, with increasing supply and diverse sourcing channels, contributing to a favorable market environment[39]. - The global natural gas market is experiencing growth in both supply and consumption, with major contributions from countries like the US, China, and Russia[39]. - The company anticipates that unconventional natural gas will account for 18% of production by 2025, and 41.5% by 2035, enhancing domestic supply capabilities[76]. - The Fuling shale gas field is noted as the largest shale gas field in China, with proven reserves reaching 600.8 billion cubic meters and an annual production capacity of 10 billion cubic meters[75]. Corporate Governance - The company has established measures to ensure that any business opportunities that may compete with its main business will be directed to the company[99]. - The company has a commitment to disclose any related party transactions in a timely manner, adhering to regulatory requirements[99]. - The company guarantees the establishment of an independent governance structure and a complete organizational framework, ensuring no misuse of funds or resources from other controlled enterprises[102]. - The company has established an independent financial accounting department and management system, ensuring independent financial decision-making and tax compliance[102]. - The company has a commitment to maintain a complete operational asset structure independent of its controlling shareholders[99]. Audit and Compliance - The company has a standard unqualified audit report issued by Zhongshun Zhonghuan Accounting Firm[5]. - The audit report confirms that the financial statements of Xinjiang Xintai Natural Gas Co., Ltd. fairly reflect its financial position as of December 31, 2019, in accordance with accounting standards[199]. - The audit opinion indicates that the financial statements provide a true and fair view of the company's operating results and cash flows for the year 2019[199]. - The company has disclosed its internal control self-evaluation report, which is applicable and available on the Shanghai Stock Exchange website[198]. - There were no significant deficiencies in internal control reported during the audit period[198]. Social Responsibility - The company established a "Love Education Poverty Alleviation Scholarship" to support impoverished students in the regions where it operates, with a 100% visit rate to families of reported students[135]. - A total of 43 impoverished students received financial assistance amounting to 430,000 RMB, demonstrating the company's commitment to education poverty alleviation[137]. - The company plans to continue supporting local government poverty alleviation efforts and assist more impoverished students in the future[138]. - The company strictly adheres to environmental protection policies and integrates environmental responsibility into its sustainable development strategy[142]. Employee and Management Structure - The total number of employees in the company and its main subsidiaries is 853, with 55 in the parent company and 798 in major subsidiaries[183]. - The company has established a multi-level salary management and performance evaluation system to adjust the total annual salary based on economic performance, employee count, industry, and regional salary levels[185]. - The company’s board of directors includes 5 internal directors, 1 shareholder representative director, and 3 independent directors, with their remuneration determined by the board's compensation and assessment committee[176]. - The total pre-tax remuneration for the chairman during the reporting period was 2.27 million yuan, while the total for all executives combined was 8.54 million yuan[165]. - The company has appointed a new independent director and a new board secretary during the reporting period[180]. Risks and Challenges - The company’s future plans and development strategies are contingent on the absence of significant changes in objective conditions, highlighting potential investment risks[7]. - The company is subject to various risks, including industry policy changes, competition in the CNG market, and price regulation risks[81]. - The company anticipates potential changes in government subsidy policies for coalbed methane extraction, which could impact profitability[84].

Dividend Distribution - The company plans to distribute a cash dividend of 8 RMB per 10 shares to all shareholders, totaling approximately 179.2 million RMB, based on a total share capital of 224 million shares as of December 31, 2019[6]. - The company will issue a cash dividend of 8 RMB per 10 shares, totaling 179.2 million RMB, and will also increase capital by issuing 4 additional shares for every 10 shares held[91]. - In 2019, the company distributed cash dividends of 179.2 million RMB, accounting for 42.42% of the net profit attributable to ordinary shareholders[92]. - The cash dividend distribution policy requires a minimum of 20% of the distributable profit to be distributed in cash if there are no major investment plans[88]. - The company plans to distribute at least 30% of the average distributable profit over the last three years in cumulative dividends every three years[88]. - The company’s cash dividend ratio is differentiated based on its development stage, with a minimum of 80% for mature companies without major expenditures[88]. - The board of directors must submit the profit distribution plan for shareholder approval within two months after the general meeting[90]. - The company has not adjusted its cash dividend policy during the reporting period[90]. - The company will consider shareholder feedback, especially from minority shareholders, when formulating or modifying the profit distribution policy[91]. - The company’s major investment plans must be approved by the board and disclosed to shareholders if they affect dividend distribution[88]. Financial Performance - The company's operating revenue for 2019 was CNY 2,296,274,568, representing a 40.72% increase compared to CNY 1,631,812,003.87 in 2018[23]. - Net profit attributable to shareholders for 2019 was CNY 422,425,749.43, a 26.26% increase from CNY 334,568,720.37 in 2018[23]. - The net profit after deducting non-recurring gains and losses was CNY 421,459,837.76, showing a significant increase of 100.29% from CNY 210,424,105.80 in 2018[23]. - The net cash flow from operating activities reached CNY 1,200,219,691.17, up 75.40% from CNY 684,258,507.29 in 2018[23]. - The total assets at the end of 2019 were CNY 8,538,595,968.17, reflecting a 7.46% increase from CNY 7,945,911,568.14 at the end of 2018[23]. - Basic earnings per share for 2019 were CNY 1.89, a 26.85% increase from CNY 1.49 in 2018[23]. - The weighted average return on equity increased to 17.73% in 2019, up 1.13 percentage points from 16.60% in 2018[23]. - The company reported a total revenue of 2,296,274,568 RMB, an increase of 40.72% compared to the previous year[50]. - Net profit attributable to shareholders was 422,425,700 RMB, up 26.26% from the previous year[50]. - The company’s net assets attributable to shareholders reached 2,530,052,800 RMB, with basic earnings per share of 1.89 RMB[50]. Operational Highlights - The company primarily engages in urban natural gas distribution, sales, installation, and coalbed methane extraction in Xinjiang, covering 8 cities including Urumqi and Fukang[37]. - The company achieved a natural gas sales volume of 578 million cubic meters and completed the installation of 24,701 user households in the reporting period[49]. - Coalbed methane extraction volume reached 931 million cubic meters, representing a 16.07% increase from 802 million cubic meters in 2018[49]. - The company has established a one-year written contract system with suppliers for natural gas procurement, with prices negotiated based on national guidelines[37]. - The company utilizes a prepaid settlement method for natural gas payments, settling on a monthly or weekly basis with suppliers[37]. - The natural gas sales price for downstream users is determined by local government price authorities, with efforts to establish a price linkage mechanism[40]. - The company has expanded its operational scope by acquiring Yamei Energy, enhancing its upstream and downstream integration in the natural gas industry[43]. - The company’s operating pipeline length reached 1,036 kilometers, with 22 distribution stations and 20 refueling stations[46]. Market and Industry Context - The global natural gas market is experiencing growth, with supply and consumption increasing, particularly from Australia, the US, and Russia[41]. - The natural gas market in China is undergoing significant reforms, with increased openness to foreign enterprises and a growing LNG import capacity[41]. - In 2019, China's apparent natural gas consumption reached 273.5 billion cubic meters, a year-on-year increase of 9%, but the growth rate decreased by 9.2 percentage points compared to the same period in 2018[67]. - Domestic natural gas production from January to November 2019 totaled 157.5 billion cubic meters, representing a year-on-year growth of 9.2%[68]. - LNG imports in China for the first 11 months of 2019 reached 53.85 million tons, a year-on-year increase of 13.4%, although the growth rate decreased by 30.2 percentage points compared to 2018[67]. - The annual LNG import volume for 2019 is expected to reach 61.92 million tons, a year-on-year increase of approximately 15%[67]. Governance and Compliance - The company has a standard unqualified audit report issued by Zhongshun Zhonghuan Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[4]. - The company has implemented measures to avoid any direct or indirect competition with its subsidiaries and will prioritize transferring relevant patents and technologies to the company[99]. - The company guarantees that its senior management will not hold concurrent positions in other companies that could lead to conflicts of interest[99]. - The company has established a framework to ensure that any business opportunities that may conflict with its main operations will be redirected to the company[99]. - The company has committed to a long-term effective period for various agreements related to its actual controller and major shareholders[99]. - The company has taken steps to ensure compliance with legal and regulatory requirements in the selection and appointment of its board members and senior management[99]. - The company has a clear strategy to avoid any potential conflicts arising from related party transactions, ensuring the protection of shareholder interests[99]. - The company has maintained a high standard of information disclosure, with no complaints from investors or regulatory bodies during the reporting period[190]. Social Responsibility - The company established a "Love Education Poverty Alleviation Scholarship" to support impoverished students in the regions where it operates, with a 100% visit rate to families of reported students[135]. - A total of 43 impoverished students received financial assistance amounting to 430,000 RMB, demonstrating the company's commitment to education poverty alleviation[137]. - The company plans to continue supporting local government poverty alleviation efforts and assist more impoverished students in the future[138]. - The company strictly adheres to environmental protection policies and integrates environmental responsibility into its sustainable development strategy[142]. Employee and Management Structure - The total number of employees in the company is 853, with 55 in the parent company and 798 in major subsidiaries[183]. - The company has a total of 392 production personnel, 151 sales personnel, 73 technical personnel, 54 financial personnel, and 183 administrative personnel[184]. - The total remuneration paid to all directors, supervisors, and senior management personnel at the end of the reporting period is 854.08[179]. - The company has established a multi-level salary management and performance evaluation system to adjust the total annual salary based on economic performance and market conditions[185]. - The company has appointed Liu Dong as the new board secretary, replacing Wang Bin who resigned due to health reasons[180]. - The board of directors includes a diverse range of professionals with extensive experience in finance and management, which may enhance strategic decision-making[167]. Audit and Financial Standards - The financial statements for the year ended December 31, 2019, were audited and found to fairly reflect the company's financial position and operating results[199]. - The audit opinion confirms that the financial statements were prepared in accordance with accounting standards and provide a true view of the company's financial status[199]. - The company maintained independence during the audit process, adhering to professional ethics and standards[200]. - The company began implementing the new financial instrument standards on January 1, 2019, following the Ministry of Finance's announcement in March 2017[112]. - The company did not restate the 2018 financial statements but adjusted the retained earnings and other comprehensive income for the cumulative impact of the new standards[114].

证券代码：603393 证券简称：新天然气 公告编号：2019-038 新疆鑫泰天然气股份有限公司 关于投资者接待日活动举办情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、投资者接待日活动基本情况 新疆鑫泰天然气股份有限公司（以下简称"新天然气"或"公司"）于 2019 年 11 月 28 日在新疆乌鲁木齐市公司二楼会议室举办了投资者接待日活动。参 加本次活动的有机构调研员、投资公司和个人投资者共 24 人，公司董事长明再 远先生、常务副总经理兼财务总监尹显峰先生、董事会秘书刘东先生及公司部 分高管等出席了会议。 二、投资者参与方式及活动主要内容 参加活动的投资者就其关注的公司生产经营情况以及未来发展等问题与 公司进行了沟通和交流。具体内容详见附后的《新疆鑫泰天然气股份有限公司 投资者接待日活动会议纪要》。 特此公告。 新疆鑫泰天然气股份有限公司 2019 年 11 月 30 日 新疆鑫泰天然气股份有限公司 投资者接待日活动会议纪要 活动时间：2019 年 11 月 28 日下午 15:30-19:00 ...

2019 年第三季度报告 公司代码：603393 公司简称：新天然气 新疆鑫泰天然气股份有限公司 2019 年第三季度报告 1 / 29 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 29 2019 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人明再富、主管会计工作负责人尹显峰及会计机构负责人（会计主管人员）马萍保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|-- ...