| 证券代码：603689 | 证券简称：皖天然气 | 公告编号：2023-030 | | --- | --- | --- | | 债券代码：113631 | 债券简称：皖天转债 | | 安徽省天然气开发股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 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。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 11 日（星期四）至 05 月 17 日（星期 三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 ahtrqgs@vip.163.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 安徽省天然气开发股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 日发布公司 2022 年度报告并于 4 月 29 日发布公司 2023 年 第一季度报告，为便于广大投资者更全面深入地了解公司 2022 年 ...

Financial Performance - The company's operating revenue for 2022 was CNY 5,927,261,214.32, representing a 20.07% increase compared to CNY 4,936,671,786.84 in 2021[27]. - The net profit attributable to shareholders for 2022 was CNY 258,300,027.08, which is a 25.16% increase from CNY 206,375,973.04 in 2021[27]. - The net profit after deducting non-recurring gains and losses was CNY 253,989,345.24, up 27.90% from CNY 198,588,566.37 in the previous year[27]. - The total assets at the end of 2022 reached CNY 6,005,259,696.15, marking a 16.17% increase from CNY 5,169,591,032.09 at the end of 2021[27]. - The net assets attributable to shareholders increased to CNY 2,772,538,457.73, a 7.85% rise from CNY 2,570,634,374.06 in 2021[27]. - The basic earnings per share for 2022 was CNY 0.55, reflecting a 25.00% increase compared to CNY 0.44 in 2021[28]. - The diluted earnings per share rose to CNY 0.45, which is a 4.65% increase from CNY 0.43 in the previous year[28]. - The weighted average return on equity increased to 9.67%, up 1.20 percentage points from 8.47% in 2021[28]. - The cash flow from operating activities net amount was CNY 437,659,039.04, a decrease of 7.31% from CNY 472,177,240.36 in 2021[27]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling 94,080,960.40 RMB for the year 2022[5]. - The total share capital as of the end of 2022 is 470,404,802 shares[5]. - The company reported a cash dividend of 2.00 yuan per share for 2022, totaling 94,080,960.40 yuan, which represents 36.42% of the net profit attributable to ordinary shareholders[127]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, enhancing its governance mechanisms[86]. - The company has maintained compliance with legal and regulatory requirements regarding the positions held by its senior management in shareholder units[99]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[109]. - The audit committee convened five times during the reporting period, focusing on financial reports and investment plans, including a review of the 2021 annual financial report and 2022 budget proposals[114]. - The company has emphasized its commitment to governance and oversight through the election of new board members and management personnel[97]. Operational Highlights - The company plans to continue expanding its natural gas pipeline network to enhance service coverage and operational efficiency[27]. - In 2022, the company achieved a total gas sales volume of 3.094 billion cubic meters, representing a year-on-year growth of 4.91%[36]. - The company constructed a pipeline network of 1,512 kilometers, accounting for approximately 70% of the province's long-distance pipelines[36]. - The company conducted over 70 safety inspections across all subsidiaries and key projects to mitigate operational risks[37]. - The company is focused on expanding its integrated energy services, including distributed energy and centralized heating projects[41]. Market and Competitive Landscape - The domestic apparent natural gas consumption decreased by 1.7% in 2022, marking the first decline since 2004[38]. - The company faced challenges from fluctuating energy prices and increased market competition, impacting its operational dynamics[37]. - The global natural gas market underwent significant changes due to geopolitical tensions, affecting supply and demand dynamics[38]. - The company aims to achieve a "100 billion gas" target by the end of the 14th Five-Year Plan, focusing on resource pooling and extending the industrial chain[79]. Research and Development - Research and development expenses totaled ¥4,764,689.48, accounting for only 0.08% of total operating revenue[57]. - The company is investing in new technologies, with a budget allocation of 50 million yuan for R&D in the next fiscal year[93]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development[103]. Employee and Talent Management - The total number of employees in the parent company and major subsidiaries is 1,058, with 490 in production, 168 in sales, and 242 in technical roles[121]. - The company initiated a restricted stock incentive plan in 2022 to enhance employee motivation and attract talent[122]. - The company’s training plan emphasizes building a learning organization and enhancing cross-disciplinary learning opportunities[124]. Environmental and Social Responsibility - The company invested 72.31 million yuan in environmental protection during the reporting period[137]. - The company conducted over 20 environmental inspections and established a tracking system for identified issues[141]. - The company has not established an environmental protection mechanism[139]. - The company has not implemented carbon reduction measures during the reporting period[142]. Strategic Initiatives - The company plans to strengthen its long-distance pipeline network, enhancing gas supply capabilities by connecting with national gas pipelines and LNG receiving stations[80]. - The company aims to develop a competitive provincial natural gas sales platform, focusing on centralized procurement and flexible distribution to increase market share[81]. - The company is considering strategic acquisitions to enhance its service offerings, with a target of acquiring two companies by the end of the year[103]. Financial Transactions and Related Parties - The company reported a total of 233,023,000 RMB in related party transactions, with actual amounts totaling 99,793,320 RMB[157]. - The company sold natural gas to related parties, with projected sales of 64,000,000 RMB to Tongling Ganghua Gas Co., but actual sales were only 48,355,430 RMB[156]. - The company has engaged in structured financing with a total amount of RMB 275 million, with an outstanding balance of RMB 40 million[171].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,326,211,488.78, representing a year-on-year increase of 26.49%[3] - The net profit attributable to shareholders for Q3 2022 was CNY 85,434,243.65, a significant increase of 105.46% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 82,315,139.10, up 115.44% year-on-year[3] - The basic earnings per share for Q3 2022 was CNY 0.18, an increase of 39.71% compared to the same period last year[4] - The diluted earnings per share for Q3 2022 was CNY 0.14, reflecting an increase of 11.49% year-on-year[4] - The weighted average return on equity for Q3 2022 was 3.18%, an increase of 1.47 percentage points compared to the previous year[4] - Total operating revenue for the first three quarters of 2022 reached CNY 4,272,751,139.01, an increase of 21.4% compared to CNY 3,520,458,661.53 in the same period of 2021[17] - Net profit for the third quarter of 2022 was CNY 216,263,476.49, representing a 33.6% increase from CNY 161,893,673.32 in the same quarter of 2021[19] - Basic earnings per share for the third quarter of 2022 were CNY 0.45, compared to CNY 0.35 in the same quarter of 2021, indicating a growth of 28.6%[20] - The total comprehensive income for the third quarter of 2022 was CNY 216,263,476.49, compared to CNY 161,893,673.32 in the same quarter of 2021, reflecting a growth of 33.6%[20] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to CNY 6,237,610,547.92, a growth of 20.66% from the end of the previous year[4] - Total liabilities as of the third quarter of 2022 amounted to CNY 3,217,265,026.03, an increase from CNY 2,330,758,388.72 in the previous year[16] - The company reported a total equity attributable to shareholders of CNY 2,727,287,558.78, which is a 6.09% increase from the previous year[4] - The company's cash and cash equivalents decreased from ¥861,254,500.73 to ¥709,046,323.30, a decline of approximately 17.6%[13] - Total current assets decreased from ¥2,078,592,203.31 to ¥1,905,450,949.95, a reduction of about 8.3%[14] - Total assets increased from ¥5,169,591,032.09 to ¥6,237,610,547.92, an increase of about 20.7%[14] - Total liabilities increased to ¥2,178,442,893.95 from ¥1,408,818,694.25 year-over-year[27] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 392,225,603.45, showing a decrease of 13.65% compared to the same period last year[3] - Cash flow from operating activities for the first three quarters of 2022 was CNY 4,728,326,107.92, compared to CNY 3,932,726,245.84 in 2021, marking an increase of 20.2%[21] - The net cash flow from operating activities for Q3 2022 was ¥392,225,603.45, a decrease of 13.7% compared to ¥454,250,608.86 in Q3 2021[22] - The net cash flow from financing activities was ¥771,485,264.39, compared to a negative cash flow of -¥69,580,694.59 in Q3 2021[23] - The cash outflow for investment activities was ¥3,169,055,007.42, compared to ¥362,308,303.72 in Q3 2021, indicating a significant increase in investment expenditures[22] Investment and Expenses - The increase in net profit was primarily driven by increased investment income from Shenzhen Energy Gas Investment Holding Co., Ltd. and policy adjustments[8] - Research and development expenses decreased to CNY 4,404,010.28 in the first three quarters of 2022 from CNY 27,389,640.53 in the same period of 2021, a reduction of 84.8%[17] - The company reported an investment income of CNY 10,445,094.37 for the first three quarters of 2022, compared to CNY 678,892.14 in 2021, showing significant growth[17] - The company's financial expenses increased significantly to CNY 22.66 million in the first three quarters of 2022, compared to CNY 0.67 million in the same period of 2021[28] - Long-term equity investments increased significantly from ¥124,218,555.95 to ¥1,126,683,858.35, representing a growth of approximately 810.5%[14] - The company received CNY 970 million from borrowings in Q3 2022, a substantial increase from CNY 8.2 million in Q3 2021[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,957[10] - Anhui Energy Group Co., Ltd. holds 43.31% of shares, making it the largest shareholder[10]

Group 1: Event Details - The company will participate in the "2022 Anhui Listed Companies Investor Collective Reception Day" [2] - The event will be held online on September 7, 2022, from 16:00 to 17:30 [2] - Investors can join via the "Panjing Roadshow" website, WeChat, or the Panjing Roadshow APP [2] Group 2: Communication Focus - Company executives will discuss the 2022 semi-annual report, including performance, governance, development strategy, operational status, financing plans, and sustainable development [2] - The event aims to enhance interaction and communication with investors [2] Group 3: Legal Assurance - The board of directors guarantees the announcement's content is free from false records, misleading statements, or significant omissions [2] - The board assumes legal responsibility for the truthfulness, accuracy, and completeness of the content [2]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the same period last year[13]. - The company's operating revenue for the first half of the year reached CNY 2,946,539,650.23, representing a 19.20% increase compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 125,476,569.44, a 2.91% increase year-on-year[19]. - The company has set a revenue target of RMB 2.5 billion for the full year 2022, reflecting a growth rate of 12%[13]. - The company sold 1.516 billion cubic meters of gas and achieved a revenue of 2.947 billion RMB, with a net profit attributable to shareholders of 125 million RMB[31]. - Revenue increased by 19.20% compared to the same period last year, while operating costs rose by 21.30%[33]. - The company's net profit for the first half of 2022 was CNY 120,980,198.82, compared to CNY 120,257,579.13 in the same period of 2021, showing a slight increase[109]. - Operating profit for the first half of 2022 was CNY 140,717,996.98, a decrease from CNY 144,297,920.41 in the previous year[109]. User and Market Growth - User data indicates an increase in active users by 10% to 1.5 million during the reporting period[13]. - The company plans to expand its market presence by launching three new gas pipelines by the end of 2022, which is expected to increase capacity by 25%[13]. - The average annual growth rate of natural gas consumption in Anhui Province is expected to be around 10%, reaching 12.8 billion cubic meters by 2025[27]. - The company holds approximately 70% of the total mileage of natural gas long-distance pipelines in Anhui Province, establishing a comprehensive gas pipeline network[28]. Financial Position and Assets - The total assets at the end of the reporting period were CNY 5,619,479,770.51, an increase of 8.70% from the end of the previous year[19]. - The total assets of the company as of June 30, 2022, were RMB 5.619 billion, with a debt-to-asset ratio of 48.29%[92]. - The total liabilities increased to ¥1,804,199,195.53, compared to ¥1,408,818,694.25 in the previous year, reflecting a growth of 28.0%[102]. - Total equity rose to ¥2,470,892,530.89, up from ¥2,411,697,179.05, marking an increase of 2.5%[102]. - The company’s total assets increased to ¥2,838,832,643.37, reflecting growth in its financial position[117]. Cash Flow and Investments - The net cash flow from operating activities decreased by 20.72% to CNY 166,231,311.19 compared to the previous year[19]. - The company’s cash flow from operating activities increased to CNY 166,231,311.19, down from CNY 209,677,620.00 in the first half of 2021[111]. - Total cash inflow from investment activities was CNY 1,356,204,189.23, significantly higher than CNY 34,767,108.03 in the same period last year[112]. - Cash outflow from investment activities reached CNY 2,155,469,634.87, compared to CNY 286,023,241.50 in the previous year, resulting in a net cash flow from investment activities of -CNY 799,265,445.64[112]. - The company received CNY 1,350,000,000.00 from investment recoveries, a significant increase from CNY 19,000,000.00 in the previous year[112]. Research and Development - Research and development expenses increased by 30% to RMB 50 million, focusing on new energy technologies[13]. - Research and development expenses decreased significantly to ¥1,371,808.23 from ¥16,255,844.74, indicating a reduction in R&D investment[105]. Risks and Challenges - The management highlighted potential risks related to regulatory changes and market competition in the natural gas sector[7]. - The company faces challenges from macroeconomic conditions and geopolitical tensions affecting the natural gas supply and pricing[32]. - The company faces increased market development challenges due to intensified competition and operational risks related to pipeline projects[44]. Corporate Governance and Compliance - The company has undergone significant changes in its board of directors, with all members being elected, including the chairman and general manager[49]. - There are no significant lawsuits or arbitration matters reported during the reporting period[62]. - The company has not faced any penalties or corrective actions related to legal violations during the reporting period[62]. - The financial statements are prepared in accordance with the Chinese accounting standards, reflecting the company's financial position and operating results accurately[136]. Shareholder Information - The largest shareholder, Anhui Energy Group Co., Ltd., holds 203,734,208 shares, accounting for 43.31% of the total shares[78]. - The company has a total of RMB 437,693,750 in deposits with Anhui Energy Group Finance Co., Ltd. during the reporting period[66]. - The total number of unrestricted circulating shares is 336,000,000, representing 100% of the total shares[74]. - The company implemented a profit distribution plan for the year 2021, which contributed to the recent share changes[75]. Related Party Transactions - The company projected a total of RMB 233,023,000 for related party transactions in 2022, with actual transactions amounting to RMB 54,553,580, representing approximately 23.4% of the projected amount[64]. - The company engaged in various related party transactions, including sales of natural gas and LNG, with total expected amounts significantly higher than actual realizations[63]. Environmental and Social Responsibility - The company actively participates in rural revitalization efforts, supporting local agricultural product procurement and community development initiatives[55]. - The company is committed to enhancing its operational management capabilities and has a strong team of technical and management professionals[30]. Accounting Policies and Financial Instruments - The company recognizes transaction costs related to business combinations as expenses in the period incurred[141]. - Financial instruments are defined as contracts that create financial assets for one party and financial liabilities or equity instruments for another[164]. - The company assesses expected credit losses for receivables and contract assets based on historical loss rates and current economic conditions[177].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,666,171,852.86, representing a year-on-year increase of 15.26%[5] - The net profit attributable to shareholders was CNY 67,420,876.01, reflecting a slight increase of 1.23% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 64,987,096.51, showing a decrease of 0.71% year-on-year[5] - Total operating revenue for Q1 2022 reached ¥1,666,171,852.86, an increase of 15.2% compared to ¥1,445,570,337.38 in Q1 2021[14] - Net profit for Q1 2022 was ¥66,928,654.28, a slight increase of 2.6% from ¥65,198,339.77 in Q1 2021[15] - The company's total revenue for Q1 2022 was CNY 118,925,090.51, a decrease from CNY 1,174,463,828.02 in Q1 2021, representing a decline of approximately 89.9%[22] - The net profit for Q1 2022 was CNY 36,713,865.54, down from CNY 45,044,410.28 in Q1 2021, indicating a decrease of about 18.5%[23] Earnings Per Share - Basic earnings per share were CNY 0.20, while diluted earnings per share decreased by 20.00% to CNY 0.16[6] - Basic earnings per share remained stable at ¥0.20, while diluted earnings per share decreased to ¥0.16 from ¥0.20 in Q1 2021[16] Cash Flow - The net cash flow from operating activities was CNY 9,807,808.85, a significant decline of 88.86% due to higher payments for upstream gas purchases[7] - Cash flow from operating activities generated a net inflow of ¥9,807,808.85, down significantly from ¥88,008,891.54 in Q1 2021[18] - The company's cash flow from operating activities showed a net decrease of CNY 177,691,767.30 in Q1 2022, compared to a decrease of CNY 24,685,404.75 in Q1 2021[19] - In Q1 2022, the net cash flow from operating activities was ¥182,485,522.90, a significant increase from ¥74,904,679.30 in Q1 2021, reflecting a growth of approximately 143%[25] - Total cash inflow from operating activities was ¥228,705,088.52, compared to ¥1,296,605,899.17 in the same period last year, indicating a decrease of about 82%[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,633,141,951.06, an increase of 8.97% from the end of the previous year[6] - The total current assets amounted to RMB 1,654,255,422.16, a decrease of 20.5% from RMB 2,078,592,203.31 at the end of 2021[11] - The total non-current assets increased to RMB 3,978,886,528.90, up from RMB 3,090,998,828.78, representing a growth of 28.7%[12] - Current liabilities decreased to RMB 902,639,581.47 from RMB 965,678,017.79, reflecting a decline of 6.5%[13] - Non-current liabilities rose to RMB 1,819,264,047.19, up from RMB 1,365,080,370.93, marking an increase of 33.3%[13] - The total liabilities amounted to RMB 2,721,903,628.66, an increase of 16.8% from RMB 2,330,758,388.72[13] - The total assets as of March 31, 2022, amounted to CNY 4,237,062,682.24, an increase from CNY 3,820,515,873.30 at the end of 2021, reflecting a growth of approximately 10.9%[21] - The total liabilities increased to CNY 1,787,582,325.08 as of March 31, 2022, compared to CNY 1,408,818,694.25 at the end of 2021, representing an increase of approximately 26.8%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,877[9] - The largest shareholder, Anhui Energy Group Co., Ltd., holds 43.31% of the shares, totaling 145,524,434 shares[9] Government Subsidies and R&D - The company received government subsidies amounting to CNY 2,090,703.01, which are closely related to its normal business operations[7] - The company reported a significant increase in research and development expenses, which decreased to ¥1,390,430.09 from ¥5,343,280.17 in Q1 2021[14] - The company's research and development expenses for Q1 2022 were not specified, but were significantly lower than CNY 5,343,280.17 in Q1 2021[22] Investment Activities - Cash inflow from investment activities was ¥852,718,760.80, compared to ¥25,338,931.95 in Q1 2021, indicating a substantial increase[18] - Cash outflow from investment activities surged to ¥1,451,982,372.46, up from ¥129,138,808.78 in Q1 2021[18] - The net cash flow from investing activities was -¥542,544,420.39, worsening from -¥36,498,826.54 in Q1 2021, showing a decline of approximately 1,384%[25] - Cash inflow from investment activities totaled ¥853,231,927.08, while cash outflow was ¥1,395,776,347.47, resulting in a net cash outflow[25] Cash and Cash Equivalents - Cash and cash equivalents decreased to RMB 683,562,733.43 from RMB 861,254,500.73, a decline of 20.6%[11] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 683,562,733.43, down from CNY 861,254,500.73 at the beginning of the quarter, a decrease of about 20.6%[19] - Cash and cash equivalents at the end of Q1 2022 were ¥271,333,381.21, down from ¥171,990,991.71 in Q1 2021, representing an increase of about 58%[27] - The total cash and cash equivalents decreased by ¥15,726,661.93 during the quarter, contrasting with an increase of ¥38,003,912.76 in Q1 2021[27]

Financial Performance - The company's operating revenue for 2021 was CNY 4,936,671,786.84, representing a 3.63% increase compared to CNY 4,763,596,975.18 in 2020[20]. - The net profit attributable to shareholders of the listed company decreased by 1.30% to CNY 206,375,973.04 in 2021 from CNY 209,085,182.84 in 2020[20]. - The net cash flow from operating activities was CNY 472,177,240.36, a decrease of 11.21% compared to CNY 531,808,824.76 in 2020[20]. - Total assets increased by 40.07% to CNY 5,169,591,032.09 at the end of 2021 from CNY 3,690,697,961.96 at the end of 2020[20]. - The basic earnings per share for 2021 was CNY 0.61, a decrease of 1.61% from CNY 0.62 in 2020[21]. - The diluted earnings per share decreased by 4.84% to CNY 0.59 in 2021 from CNY 0.62 in 2020[21]. - The weighted average return on equity was 8.47% in 2021, down from 9.19% in 2020, a decrease of 0.72 percentage points[21]. - The net assets attributable to shareholders of the listed company increased by 9.47% to CNY 2,570,634,374.06 at the end of 2021 from CNY 2,348,334,977.26 at the end of 2020[20]. Dividend and Capital Structure - The proposed profit distribution plan for 2021 includes a cash dividend of 1.9 RMB per 10 shares, totaling 63,840,000 RMB (including tax) to be distributed to shareholders[5]. - The company plans to increase its total share capital by 134,400,000 shares through a capital reserve transfer, resulting in a new total share capital of 470,400,000 shares[5]. - The total number of shares as of the end of 2021 is 336,000,000, which serves as the basis for the proposed profit distribution[5]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's senior management[5]. - The company has not faced any violations in decision-making procedures regarding external guarantees[7]. - There are no non-operating fund occupations by controlling shareholders or related parties reported for the year[7]. Operational Highlights - The company achieved a total gas sales volume of 2.949 billion cubic meters, representing a year-on-year growth of 6.89%[30]. - The company constructed 1,512 kilometers of pipeline, accounting for approximately 70% of the province's long-distance pipeline network[30]. - The company has established 6 CNG refueling stations in various locations, enhancing its service capabilities in the region[42]. - The company has a market share of approximately 70% of the total long-distance pipeline mileage in Anhui Province, creating a comprehensive natural gas network[44]. Research and Development - In 2021, the company obtained 9 patents, reflecting its commitment to technological innovation[31]. - The company has increased its R&D expenses by 200.50% to 8.296 million yuan, reflecting a commitment to innovation and project development[52]. - R&D expenses totaled ¥8,296,103.13, accounting for 0.17% of total operating revenue, with a significant increase of 200.50% compared to the previous year[59]. Market and Strategic Initiatives - The company plans to expand its natural gas pipeline network, enhancing its market presence in the region[20]. - The company is focused on developing new technologies to improve operational efficiency and reduce costs[20]. - The company aims to increase the share of natural gas in China's primary energy consumption to around 15% by 2030, indicating a strong growth potential in the industry[43]. - The company is actively exploring new investment opportunities to enhance its multi-level gas supply system[71]. Management and Governance - The total pre-tax compensation for the management team during the reporting period amounted to 441.32 million CNY[93]. - The company reported no changes in shareholding for the board members and senior management throughout the year[91]. - The management team includes individuals with extensive experience in various sectors, including energy and finance, enhancing the company's strategic capabilities[94]. - The company has established specialized committees under the board, including the audit committee and the strategic committee, with specific members assigned[114]. Environmental and Social Responsibility - The company has strengthened its environmental management by conducting over 40 environmental inspections at its sites throughout the year[134]. - The company actively participated in poverty alleviation efforts, supporting local agricultural product procurement to aid rural revitalization[136]. - The company has implemented energy-saving measures, including monthly energy consumption tracking and promoting low-carbon travel among employees[134]. Financial Management and Investments - The company reported a total of 606.96 million RMB in deposits during the reporting period[160]. - The company has a total of 200 million RMB in entrusted loans with no overdue amounts[170]. - The company issued 9.3 million convertible bonds with a total amount of RMB 930 million, with a maturity date from November 8, 2021, to November 7, 2027, and a first-year interest rate of 0.2%[177]. - The company maintained a credit rating of AA+ for both its corporate credit and the issued convertible bonds[195].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,048,443,261.11, representing a year-on-year increase of 12.26%[5] - Net profit attributable to shareholders for Q3 2021 was CNY 41,581,473.00, a decrease of 15.92% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was CNY 0.13, down 13.33% year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥3,520,458,661.53, an increase from ¥2,978,881,751.61 in the same period of 2020, representing a growth of approximately 18.2%[20] - Net profit for the first three quarters of 2021 was ¥161,893,673.32, compared to ¥151,160,389.68 in 2020, reflecting a growth of approximately 7.3%[22] - Basic earnings per share for the first three quarters of 2021 were ¥0.49, an increase from ¥0.44 in the same period of 2020[23] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 3,822,049,487.61, an increase of 3.56% from the end of the previous year[6] - The company's total assets as of September 30, 2021, amount to 3,822,049,487.61 RMB, an increase from 3,690,697,961.96 RMB at the end of 2020[17] - Current assets decreased to 859,845,322.91 RMB from 921,654,628.20 RMB year-over-year[16] - Non-current assets increased to 2,962,204,164.70 RMB from 2,769,043,333.76 RMB year-over-year[17] - The total liabilities decreased to 1,000,845,000.00 RMB from 1,000,000,000.00 RMB year-over-year[17] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥1,075,734,051.67, slightly up from ¥1,052,938,866.11 at the end of 2020[18] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 454,250,608.86, reflecting a growth of 13.06%[6] - The net cash flow from operating activities for Q3 2021 was CNY 454,250,608.86, an increase of 13% compared to CNY 401,780,648.47 in Q3 2020[27] - Total cash outflow from operating activities amounted to CNY 3,511,317,146.41, up from CNY 2,999,256,519.94 in the previous year, indicating a significant increase in operational expenses[27] - The net cash flow from investing activities was -CNY 305,420,142.65, worsening from -CNY 179,754,330.12 in Q3 2020, reflecting increased investment expenditures[27] - Cash inflow from financing activities totaled CNY 100,222,901.85, slightly down from CNY 102,386,100.00 in the same quarter last year[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,818[13] - The largest shareholder, Anhui Energy Group Co., Ltd., holds 145,524,434 shares, representing 43.31% of total shares[13] - Hong Kong China Gas (Anhui) Co., Ltd. is the second-largest shareholder with 69,249,600 shares, accounting for 20.61%[13] - The company's total equity attributable to shareholders increased to CNY 2,458,608,242.75, up 4.70% from the previous year[6] - Total equity attributable to shareholders reached ¥2,458,608,242.75, an increase from ¥2,348,334,977.26 in the previous year[18] Research and Development - Research and development expenses surged to CNY 27,389,640.53, a significant increase of 3,005.79% year-on-year, indicating a focus on innovation[10] - Research and development expenses for the first three quarters of 2021 were ¥27,389,640.53, significantly higher than ¥881,888.50 in 2020, indicating a focus on innovation[20] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2021, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was 200 million CNY, up 10% compared to the same period last year[13]. - The company's operating revenue for the first half of the year reached ¥2,472,015,400.42, representing a year-on-year increase of 20.88% compared to ¥2,044,942,053.29 in the same period last year[20]. - The net profit attributable to shareholders was ¥121,928,710.77, up 23.66% from ¥98,598,005.02 in the previous year[20]. - The basic earnings per share increased by 24.14% to ¥0.36, compared to ¥0.29 in the same period last year[22]. - The company reported a total profit of ¥167,929,769.96 for the first half of 2021, which is an increase of 24.8% from ¥134,514,383.32 in the same period of 2020[88]. - The net profit for the first half of 2021 reached ¥120.26 million, compared to ¥73.91 million in the first half of 2020, indicating a year-over-year increase of 62.7%[92]. User Growth and Market Expansion - The total number of natural gas users increased by 25,000, reaching a total of 1.5 million users[13]. - The company is positioned to leverage the growing demand for natural gas as a cleaner energy source amid national goals for carbon peak and neutrality[29]. - Future guidance indicates a projected revenue growth of 12% for the full year 2021, driven by increased demand and market expansion[13]. - The company is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the industry[157]. - Market expansion plans include entering the markets of Country A and Country B, projected to increase market share by C%[157]. Research and Development - The company has allocated 50 million CNY for research and development in new technologies for gas extraction and distribution[13]. - Research and development expenses surged by 3,385% to 16.26 million RMB, reflecting the company's commitment to innovation and increased R&D projects[36]. - New product development includes the introduction of a smart gas meter, expected to improve user experience and operational efficiency[13]. - The company is investing in new technology development, with a budget allocation of $X million for R&D in the upcoming fiscal year[157]. Financial Position and Cash Flow - The company maintains a strong cash position with 300 million CNY in cash reserves, providing flexibility for future investments[13]. - The net cash flow from operating activities decreased by 37.79%, amounting to ¥209,677,620.00, down from ¥337,059,857.13[20]. - The company’s cash flow from operating activities decreased by 37.79% to 209.68 million RMB, primarily due to lower payments for upstream gas purchases in the previous year[36]. - The total current assets as of June 30, 2021, amount to ¥754,574,037.78, a decrease from ¥921,654,628.20 at the end of 2020[79]. - The company's cash and cash equivalents are reported at ¥378,973,504.98, down from ¥524,956,822.35 in December 2020[79]. - Cash inflows from operating activities totaled approximately ¥2.73 billion, up from ¥2.32 billion in the previous year, reflecting a growth of 17.7%[95]. Operational Developments - The company plans to expand its pipeline network by 300 kilometers in the next year, enhancing its distribution capacity[13]. - The company has constructed and operated 23 long-distance pipelines, supplying natural gas to all 16 cities in Anhui Province[27]. - The company established a new city network subsidiary, Woyang Waneng Energy Co., Ltd., which has entered the operational phase[32]. - The company is advancing the construction of key pipeline projects, including the Xuan Ning Huang branch line, which has been fully completed and is now operational[32]. Risks and Challenges - The management highlighted potential risks including regulatory changes and market competition, which could impact future performance[13]. - The company faces increased market development difficulties due to intensified competition and challenges in project execution, particularly for long-distance pipeline projects[49]. Shareholder Information - The top shareholder, Anhui Energy Group Co., Ltd., holds 145,524,434 shares, representing 43.31% of the total shares[72]. - The company had 17,388 ordinary shareholders at the end of the reporting period[70]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[53]. Legal and Compliance - The company reported no significant litigation or arbitration matters during the reporting period[60]. - The company did not receive any penalties or corrective actions related to legal violations during the reporting period[60]. - The company has not engaged in any significant asset or equity sales during the reporting period[43]. Accounting and Financial Reporting - The financial report was approved by the board of directors on August 26, 2021[119]. - The company follows specific accounting policies for mergers and acquisitions, including the treatment of goodwill and transaction costs[131][132]. - The consolidated financial statements reflect the entire corporate group as a single accounting entity, adhering to relevant accounting standards for recognition, measurement, and reporting[139].

Financial Performance - Operating revenue for the first quarter reached CNY 1,445,570,337.38, representing a 23.27% increase year-on-year [5] - Net profit attributable to shareholders increased by 37.47% to CNY 66,604,095.14 compared to the same period last year [5] - Basic earnings per share rose by 42.86% to CNY 0.20 per share [5] - The company reported a net profit excluding non-recurring gains and losses of CNY 65,449,717.82, up 35.21% year-on-year [5] - Operating profit for Q1 2021 reached CNY 89,455,800.52, representing a 35.4% increase from CNY 66,062,093.06 in Q1 2020 [28] - The company's total profit for Q1 2021 was ¥60,002,006.24, up from ¥58,906,443.17 in Q1 2020, reflecting a growth of 1.9% [31] - The net profit for Q1 2021 was ¥45,044,410.28, up from ¥43,638,905.30 in Q1 2020, reflecting a growth of 3.2% [32] Assets and Liabilities - Total assets increased by 1.66% to CNY 3,751,849,571.87 compared to the end of the previous year [5] - Total assets as of March 31, 2021, amounted to CNY 2,627,785,981.67, an increase from CNY 2,568,066,030.98 at the end of 2020 [24] - Total liabilities as of March 31, 2021, were CNY 347,507,774.14, compared to CNY 333,828,196.83 at the end of 2020, indicating a growth of 4.0% [24] - Total equity reached CNY 2,637,759,095.85, with attributable equity to shareholders at CNY 2,348,334,977.26 [40] - The total assets as of March 31, 2021, were ¥3,690,697,961.96, a slight decrease from ¥3,699,989,982.63 at the beginning of the year [39] Cash Flow - The net cash flow from operating activities decreased by 61.36% to CNY 88,008,891.54 compared to the previous year [5] - The company's operating cash flow from operating activities decreased by 61.36% to ¥88,008,891.54 due to lower gas sales and higher collections from customers [14] - Cash inflow from operating activities was ¥1,566,628,715.76 in Q1 2021, compared to ¥1,370,071,969.29 in Q1 2020, marking an increase of 14.3% [33] - The net cash flow from investing activities was -¥103,799,876.83, worsening from -¥45,995,941.82 in the same period last year [34] - The net cash flow from financing activities was -¥8,894,419.46, compared to a positive cash flow of ¥51,110,566.15 in Q1 2020 [34] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,142 [10] - The largest shareholder, Anhui Energy Group Co., Ltd., holds 43.31% of the shares [10] Research and Development - Research and development expenses surged by 10,004.50% to ¥5,343,280.17 as the company intensified innovation and increased R&D projects [14] - The company reported a significant increase in research and development expenses, which rose to CNY 5,343,280.17 from CNY 52,880.22 in the previous year [28] - Research and development expenses surged to ¥5,343,280.17 in Q1 2021, a significant increase from only ¥52,880.22 in Q1 2020 [31] Financial Expenses - Financial expenses rose by 113.13% to ¥3,268,251.73 mainly due to the cessation of capitalizing interest on project loans for the Xuanning Huang branch project [14] - The financial expenses decreased to ¥39,955.59 in Q1 2021 from ¥124,856.68 in Q1 2020, a reduction of 68.0% [31] Taxation - The income tax expense increased by 34.78% to ¥24,188,261.50 due to higher profits compared to the previous year [14] - The income tax expense for Q1 2021 was ¥14,957,595.96, slightly down from ¥15,267,537.87 in Q1 2020, a decrease of 2.0% [31] - The company paid ¥42,906,855.11 in taxes during Q1 2021, compared to ¥35,907,844.01 in the same period last year, reflecting a 19.1% increase [34] Other Financial Information - The company has not disclosed any new product developments or market expansion strategies in this report [12] - The construction in progress decreased by 63.83% to ¥132,738,905.28 due to the transfer of the Xuanning Huang branch project to fixed assets [13] - Other non-current assets increased by 31.79% to ¥176,547,334.68 primarily due to an increase in advance payments for engineering projects [13] - Short-term borrowings decreased by 34.93% to ¥42,335,302.59 as the company repaid short-term loans [13] - The company reported an investment income of ¥327,359.24, a 50.95% increase compared to the previous year, attributed to higher profits from associated companies [14] - Cash outflow for capital expenditures was ¥104,913,971.40, significantly higher than ¥44,824,754.52 in Q1 2020 [34] - The company has implemented new leasing standards, which may affect future financial reporting [44]