1 具有价值创造力的清洁能源服务商 证券代码：605090 证券简称：九丰能源 公告编号：2023-042 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法律责任。 为进一步加强与投资者的互动交流，江西九丰能源股份有限公司（以下简称"公司"） 将参加由江西证监局、江西省上市公司协会与深圳市全景网络有限公司联合举办的 "2023 年江西辖区上市公司投资者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可以登录"全景路演"网站 （https://rs.p5w.net）或关注微信公众号：全景财经，或下载全景路演 APP，参与公司本 次互动交流，活动时间为 2023 年 5 月 19 日（周五）14:30 至 17:00。 届时，公司董事、总经理吉艳女士，董事、副总经理、财务总监杨影霞女士，副总 经理、董事会秘书黄博先生将通过网络在线交流形式，就公司清洁能源、能源服务、特 种气体业务发展情况与未来战略规划，以及 2022 年度业绩、公司治理、经营状况和可 持续发展等投资者关心的问题，与投资者进行沟通与交流， ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥6,473,534,627.83, representing a decrease of 7.75% compared to the same period last year[12]. - Net profit attributable to shareholders of the listed company was ¥451,576,208.70, an increase of 14.98% year-on-year[12]. - Basic earnings per share for the period was ¥0.73, reflecting a year-on-year increase of 14.06%[12]. - The total revenue for Q1 2023 was ¥6,473,534,627.83, a decrease of approximately 7.75% from ¥7,017,080,309.39 in Q1 2022[45]. - The net profit for the first quarter of 2023 was CNY 451,902,167.99, an increase of 14.9% compared to CNY 393,224,755.32 in the same period of 2022[48]. - The operating profit for the first quarter of 2023 was CNY 491,772,181.03, compared to CNY 434,725,949.33 in the previous year, reflecting an increase of 13.1%[48]. - The total comprehensive income for the first quarter of 2023 was CNY 451,902,167.99, compared to CNY 386,240,230.34 in the same period of 2022, marking an increase of 17.0%[51]. Cash Flow and Investments - The net cash flow from operating activities decreased by 8.88% to ¥690,694,859.92, primarily due to the absence of large cross-period receivables compared to the previous year[16]. - The cash flow from operating activities for the first quarter of 2023 was CNY 690,694,859.92, a decrease from CNY 758,045,748.78 in the first quarter of 2022, showing a decline of 8.9%[53]. - Investment activities cash outflow totaled 1,214,628,553.48, an increase from 800,199,725.05[56]. - Net cash flow from investment activities was -941,976,002.94, compared to -795,685,927.32[56]. - Cash inflow from financing activities reached 2,225,773,931.95, up from 1,523,659,063.99[56]. - Net cash flow from financing activities was 1,285,190,656.99, significantly higher than 419,569,725.09[56]. - The net increase in cash and cash equivalents was 1,039,927,418.07, compared to 384,186,536.14[56]. - The ending balance of cash and cash equivalents was 5,303,070,944.21, up from 3,257,077,416.02[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,374,375,158.62, an increase of 18.26% from the end of the previous year[12]. - As of March 31, 2023, the total current assets increased to ¥8,227,511,469.96 from ¥6,419,278,032.67 as of December 31, 2022, representing a growth of approximately 28.14%[38]. - The total non-current assets reached ¥5,146,863,688.66, compared to ¥4,890,073,369.22, reflecting an increase of approximately 5.25%[40]. - The total liabilities increased to ¥5,763,766,410.43 from ¥4,128,206,012.02, indicating a rise of about 39.66%[42]. - The total equity attributable to shareholders increased to ¥7,371,039,620.05 from ¥6,941,797,356.80, representing a growth of about 6.25%[44]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,547[20]. - The largest shareholder, Guangdong Jiufeng Investment Holding Co., Ltd., held 200,600,568 shares, accounting for 32.07% of the total shares[21]. - As of March 31, 2023, the company held 6,710,080 shares in its repurchase special securities account, accounting for a certain percentage of the total share capital[25]. Business Operations - The company reported a decrease in operating costs by 9.20%, attributed to a decline in the purchase price of clean energy products[16]. - In Q1 2023, the company achieved a service volume of 90,000 tons in natural gas recovery operations, maintaining stable earnings per ton, indicating strong profitability in its energy service business[29]. - The company's LNG business saw a significant cost advantage due to a sharp decline in international natural gas prices, which is expected to restore pricing power domestically[34]. - The high-purity helium business achieved a production and sales volume exceeding 50,000 cubic meters, representing over 50% growth compared to the same period last year[35]. - The energy logistics service business generated revenue of RMB 0.65 billion, with expectations for steady growth as LNG and LPG vessels continue to operate[29]. - The company is actively advancing its hydrogen production business, with a related acquisition project entering the asset delivery phase, aiming for a 70% stake[35]. - The overall profitability of the clean energy business (gross profit) remained stable compared to the same period last year[34]. - The company is focusing on enhancing its "one main and two wings" business development structure, emphasizing the clean energy service sector[28]. - The company is integrating resources and expanding markets in the LPG sector, achieving steady sales growth in the South China region[34]. Expenses and Financial Management - The company confirmed share-based payment expenses related to the employee stock ownership plan amounting to RMB 17.0897 million, impacting net profit[35]. - The company reported a decrease in sales expenses to CNY 51,283,178.77 from CNY 59,441,707.00, a reduction of 13.7% year-over-year[48]. - The financial expenses decreased to CNY 4,894,063.98 from CNY 7,643,793.63, a decline of 35.5% compared to the previous year[48]. - The investment income from associates and joint ventures was CNY 10,345,094.95, a significant improvement from a loss of CNY 1,476,978.16 in the same quarter of 2022[48]. - The company recorded a foreign exchange loss of CNY 20,001,386.49, an improvement from a loss of CNY 33,599,420.97 in the previous year[48].

Financial Performance - Basic earnings per share for 2022 increased by 61.47% to CNY 1.76 compared to CNY 1.09 in 2021 [25]. - Net profit attributable to shareholders reached 108,992.54 million RMB, up 75.87% year-on-year, driven by the establishment of a dual resource pool of "marine gas + land gas" and improved resource allocation capabilities [26]. - The diluted earnings per share were 1.76 RMB, representing a 61.47% increase compared to the previous year [26]. - The basic earnings per share after deducting non-recurring gains and losses was 1.71 RMB, a 54.05% increase year-on-year [26]. - The weighted average return on net assets was 17.67%, an increase of 3.50 percentage points from the previous year [26]. - The net assets attributable to shareholders at the end of the reporting period were 694,179.74 million RMB, a year-on-year increase of 20.98% [52]. - The company achieved operating revenue of 2,395,364.02 million RMB, a year-on-year increase of 29.56%, primarily due to a significant rise in LNG sales prices and an increase in LPG sales volume and price [26]. - The company’s cash flow from operating activities was CNY 169,580.22 million, a significant increase of 1,794.57% year-on-year [76]. - The net profit after deducting non-recurring gains and losses was CNY 1,057,124,807.33, up 65.47% year-on-year [74]. - The company’s total assets reached CNY 11,309,351,401.89, a 46.04% increase from the previous year [74]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.30 per share (including tax), totaling CNY 185,611,183.20 based on a total share count of 618,703,944 shares after accounting for repurchased shares [5]. - The company has not proposed any capital reserve conversion to increase share capital or issue bonus shares in its profit distribution plan [5]. - The company initiated two share repurchase plans, with the first repurchase totaling 7,000,080 shares (1.13% of total shares) for 150,736,900 yuan, and the second repurchase involving 2,108,700 shares for 44,043,400 yuan [97]. Strategic Initiatives and Acquisitions - The company has completed the acquisition of 100% equity in SenTai Energy, which was a significant asset restructuring in 2022 [18]. - The company completed the acquisition of 100% equity in SenTai Energy for a transaction price of 1.8 billion yuan, with SenTai Energy reporting revenue of 310,187.65 thousand yuan and a net profit of 30,186.06 thousand yuan in 2022 [94]. - The company plans to invest in a liquefied hydrocarbon terminal project and a supporting LPG storage base to enhance integrated service capabilities [70]. - The company has established a strategic plan for energy services and specialty gas business development to adapt to market changes [86]. Market and Industry Trends - The domestic natural gas apparent consumption decreased by 1.7% in 2022, totaling 366.3 billion cubic meters, influenced by high prices and pandemic effects [102]. - China's LNG apparent consumption in 2022 was 8,029.5 thousand tons, a decrease of 15.79% year-on-year due to sustained high prices [105]. - The clean energy business achieved steady and innovative development, with the energy service and specialty gas businesses incorporated into the company's core operations [118][119]. - The global LNG new ship order volume surged by 95% in 2022, with China’s new orders increasing by 480%, capturing over 30% of the market share [145]. - The special gas market in China grew at a compound annual growth rate (CAGR) of 17% from 2016 to 2021, reaching a market size of 34.2 billion RMB in 2021 [171]. Operational Focus and Future Plans - The company is focused on expanding its market presence and enhancing its product offerings in the clean energy sector [3]. - The company plans to continue strengthening its resource allocation and pricing capabilities in the future [26]. - The company is actively exploring market expansion opportunities and new product development strategies [26]. - The company aims to mitigate the impact of LNG price fluctuations on profitability through various pricing strategies, including price linkage and back-to-back transactions [91]. - The company is actively exploring energy logistics services by opening up LNG shipping, receiving, and storage assets to third parties [92]. - The company is focusing on optimizing its customer structure, prioritizing existing customers to enhance loyalty while cautiously expanding new customer bases [91]. Digital Transformation and Innovation - The company’s digital transformation efforts are aimed at enhancing the upgrade of clean energy service businesses [98]. - The company’s digital transformation in clean energy business focuses on green low-carbon, safe production, and smart operations, enhancing customer energy efficiency and satisfaction [128]. Environmental Commitment - The company emphasizes its commitment to clean energy services, highlighting its value and creativity in the sector [3]. - The company has positioned itself as a "value-creating clean energy service provider," focusing on the clean energy industry through a dual resource pool of "marine gas + land gas," gradually forming an "end-to-end" integrated industrial chain [114].

具有价值创造力的清洁能源服务商 问题征集方式：投资者可于 2023 年 3 月 10 日（星期五）至 3 月 16 日（星期 四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关 系邮箱 jxjf@jovo.com.cn 进行提问。公司将在说明会上就投资者普遍关注的问题进行回 答。 江西九丰能源股份有限公司（以下简称"公司"）已于 2023 年 3 月 8 日发布公司 《2022 年年度报告》，为便于广大投资者更全面深入地了解公司清洁能源、能源服务、 特种气体业务发展情况与未来战略规划，以及 2022 年度经营成果、财务状况、现金流 量等情况，公司计划于 2023 年 3 月 17 日下午 15:00-16:00 举行 2022 年度业绩说明会， 就投资者关心的问题进行交流。 关于召开 2022 年度业绩说明会的公告 二、说明会召开的时间、地点 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法律责任。 重要内容提示： 证券代码：605090 证券简称：九丰能源 公告编号：2023-026 江西九丰能源股份有 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥7,248,777,214.02, representing a year-on-year increase of 44.80%[3] - The net profit attributable to shareholders for the third quarter was ¥299,216,357.37, reflecting a growth of 41.21% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥304,027,422.32, up by 38.30% year-on-year[3] - The basic earnings per share for the third quarter was ¥0.48, an increase of 41.18% compared to the same period last year[3] - The total revenue for the first three quarters of 2022 reached ¥20,208,063,013.72, a significant increase of 73.4% compared to ¥11,639,564,738.07 in the same period of 2021[21] - The net profit for the first three quarters of 2022 was ¥1,039,829,279.40, compared to ¥699,940,471.86 in 2021, indicating a growth of 48.8%[23] - The total profit for the first three quarters of 2022 is CNY 1,065,124,083, compared to CNY 702,877,862.60 in the same period of 2021, representing an increase of approximately 51.5%[25] - The net profit attributable to the parent company's shareholders for the first three quarters of 2022 is CNY 940,784,693.89, up from CNY 609,046,168.50 in 2021, reflecting a growth of about 54.2%[25] - The basic and diluted earnings per share for the first three quarters of 2022 are both CNY 1.52, compared to CNY 1.09 in the same period of 2021, indicating an increase of approximately 39.4%[26] Assets and Liabilities - The total assets of the company reached ¥10,951,322,231.09, marking a 41.42% increase compared to the previous year[5] - The total assets increased to ¥10,951,322,231.09 in 2022 from ¥7,744,089,715.16 in 2021, representing a growth of 41.5%[21] - The total liabilities rose to ¥4,275,692,390.40 in 2022, compared to ¥1,819,297,512.92 in 2021, marking an increase of 134.8%[21] - The total equity attributable to shareholders was ¥6,486,609,936.28, which is a 13.04% increase year-on-year[5] - The total owner's equity increased to ¥6,675,629,840.69 in 2022 from ¥5,924,792,202.24 in 2021, reflecting an increase of 12.7%[21] Cash Flow - The company reported a net cash flow from operating activities of ¥224,433,838.21 for the third quarter[3] - Cash inflow from operating activities for the first three quarters of 2022 is CNY 21,037,815,764.86, compared to CNY 12,216,617,152.67 in 2021, marking a growth of around 72.3%[27] - The net cash flow from operating activities for the first three quarters of 2022 is CNY 1,222,519,823.35, a significant improvement from a net outflow of CNY 11,675,318.74 in 2021[28] - The total cash and cash equivalents at the end of the third quarter of 2022 is CNY 4,224,168,147.63, compared to CNY 2,935,743,178.59 at the end of the same period in 2021, showing an increase of approximately 43.9%[29] - The company reported a significant increase in cash and cash equivalents, reaching RMB 4,874,487,795.08 as of September 30, 2022, compared to RMB 3,167,821,774.86 on December 31, 2021, reflecting a growth of approximately 54%[18] Investments and Acquisitions - The company is actively pursuing the acquisition of 100% equity in Sen Tai Energy, with a total cash payment of RMB 600 million and additional payments through shares and convertible bonds amounting to RMB 120 million for the project[14] - The company has successfully completed the audit and evaluation of the target company for the acquisition, with the transaction being reviewed by the China Securities Regulatory Commission[15] - The company plans to issue convertible bonds to raise up to RMB 120 million to support the acquisition and related expenses[14] Operational Highlights - The company experienced significant growth in LNG product sales, contributing to the overall revenue increase[8] - The company aims to enhance its LNG business strategy by expanding upstream resource acquisition and improving service capabilities in the LNG and LPG sectors[13] - The company is focusing on optimizing its operational model and resource allocation during this critical development phase[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,179, with the top ten shareholders holding a significant portion of the shares[9] - The first phase of the employee stock ownership plan was implemented, involving 7,539,000 shares, which accounts for 1.13% of the company's total share capital[16] Other Financial Metrics - The company's accounts receivable increased to RMB 976,207,297.01 as of September 30, 2022, up from RMB 548,091,262.84 at the end of 2021, indicating a growth of approximately 78%[18] - The company’s other receivables increased to RMB 101,639,599.28 as of September 30, 2022, compared to RMB 32,531,722.27 at the end of 2021, showing a growth of approximately 212%[18] - The company’s trading financial assets decreased significantly to RMB 4,002,538.09 from RMB 23,282,524.78, indicating a reduction of approximately 83%[18] - The company reported a financial expense of -¥107,784,537.58 in 2022, a notable change from the previous year's expense of ¥15,741,337.23[23] - The cash outflow from investing activities for the first three quarters of 2022 is CNY 1,359,586,855.11, compared to CNY 1,243,455,346.34 in 2021, indicating an increase of approximately 9.3%[28] - The net cash flow from financing activities for the first three quarters of 2022 is CNY 336,015,662.86, down from CNY 3,016,916,464.54 in 2021, reflecting a decrease of about 88.9%[29]

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with total revenue reaching RMB 1.2 billion, representing a year-on-year growth of 25%[1]. - The company achieved operating revenue of CNY 12,959,285,799.70 in the first half of 2022, representing a year-on-year increase of 95.36%[11]. - The net profit attributable to shareholders was CNY 641,568,336.52, up 61.54% compared to the same period last year[11]. - The net cash flow from operating activities reached CNY 998,085,985.14, a significant increase of 538.13% year-on-year[11]. - Basic earnings per share were CNY 1.03, showing a year-on-year increase of 35.53%[12]. - The company reported a total profit for the first half of 2022 of CNY 728,590,628.29, up from CNY 471,735,789.96 in the previous year, reflecting a growth of approximately 54%[184]. - The total comprehensive income for the first half of 2022 was CNY 635,444,034.08, compared to CNY 398,902,843.26 in the first half of 2021, representing a growth of about 59%[185]. Market Expansion and Strategy - The company has set a future outlook with a revenue target of RMB 2.5 billion for the full year 2022, indicating a projected growth rate of 20%[1]. - The company is actively pursuing market expansion, with plans to enter two new provinces by Q4 2022, aiming for a 10% market share in these regions[1]. - A strategic acquisition of a local energy firm is in progress, which is anticipated to enhance operational efficiency and increase market presence[1]. - The company is focusing on the clean energy sector, primarily dealing with LNG and LPG products, and is also actively entering the hydrogen energy market[17]. - The company aims to establish a comprehensive hydrogen supply system by 2025, with a target of 50,000 fuel cell vehicles and 10-20 million tons/year of hydrogen production from renewable sources, contributing to a CO2 reduction of 1-2 million tons/year[35]. Research and Development - The company has invested RMB 50 million in R&D for new technologies aimed at improving energy efficiency and reducing costs[1]. - The company is developing a gasification project with a capacity of 400,000 cubic meters/hour to enhance the efficiency of gas delivery to clients[46]. - The company is advancing its hydrogen energy business, collaborating on hydrogen production projects and planning to establish hydrogen refueling stations in Dongguan, with a target of 29 stations by 2025[64]. Financial Stability and Risks - The company has maintained a strong balance sheet, with total assets reported at RMB 5 billion, ensuring financial stability for future investments[1]. - The management highlighted potential risks, including regulatory changes and market competition, which could impact future performance[2]. - The company is exposed to procurement price volatility risks due to reliance on international markets for LNG and LPG, with pricing linked to international market indices[79]. - The company faces risks from global economic uncertainties, including energy price fluctuations and geopolitical conflicts, which may impact operational stability[77]. Environmental and Social Responsibility - The company has established a comprehensive environmental protection management system and adheres to relevant pollution discharge standards[96]. - The company has committed to reducing carbon emissions by optimizing LNG and LPG operations, contributing to a cleaner energy transition[105]. - The company has actively engaged in social responsibility initiatives, donating to local educational and community projects[108]. Shareholder and Governance Matters - The board has confirmed that there are no non-operational fund usages by controlling shareholders, ensuring transparency and governance[2]. - The company has committed to a cash dividend not exceeding 20% of the net profit attributable to shareholders if it fails to implement the stock stabilization measures[131]. - The company has established commitments to resolve related party transactions and competition issues, ensuring compliance with regulations[110]. - The company guarantees that its initial public offering prospectus does not contain false statements or omissions, and will compensate investors for any losses due to violations[140]. Operational Efficiency - The company is adapting its operational model to enhance resource allocation efficiency and optimize customer energy costs[13]. - The company has implemented a "dual resource pool" strategy, combining international and domestic resources to enhance operational efficiency and customer service[55]. - The company has established a comprehensive LNG and LPG supply chain, ensuring stable energy supply through long-term contracts and flexible procurement strategies[42].

Financial Performance - The company's operating revenue for Q1 2022 reached ¥7,017,080,309.39, representing a year-on-year increase of 126.18%[2] - Net profit attributable to shareholders was ¥392,758,566.96, reflecting a growth of 40.66% compared to the same period last year[2] - The basic earnings per share (EPS) was ¥0.89, which is an increase of 14.10% from the previous year[2] - Total operating revenue for Q1 2022 reached RMB 7,017,080,309.39, a significant increase of 126.5% compared to RMB 3,102,389,470.54 in Q1 2021[17] - Net profit for Q1 2022 was RMB 393,224,755.32, up 40.0% from RMB 280,824,416.69 in Q1 2021[18] - Operating profit for Q1 2022 was RMB 434,725,949.33, an increase of 38.3% from RMB 314,319,105.17 in Q1 2021[18] - Total comprehensive income for Q1 2022 was RMB 386,240,230.34, compared to RMB 280,824,416.69 in Q1 2021[20] Cash Flow and Assets - The net cash flow from operating activities amounted to ¥758,045,748.78, showing a significant increase of 1,820.12% year-on-year[2] - Cash flow from operating activities for Q1 2022 was RMB 758,045,748.78, compared to RMB 39,479,112.72 in Q1 2021, indicating a substantial improvement[22] - The company's current assets totaled CNY 6,128,315,877.17 as of March 31, 2022, compared to CNY 4,792,394,323.17 at the end of 2021, indicating an increase of about 28%[13] - The cash and cash equivalents increased to CNY 3,971,817,737.75 from CNY 3,167,821,774.86, reflecting a growth of approximately 25.4%[13] - The ending balance of cash and cash equivalents reached $3,257,077,416.02, significantly higher than $1,498,853,013.16 from the previous period, marking an increase of approximately 117%[23] Liabilities and Equity - The company's total liabilities reached CNY 2,726,776,951.15 as of March 31, 2022, up from CNY 1,819,297,512.92 at the end of 2021, marking an increase of around 50%[16] - The total equity attributable to shareholders rose to CNY 6,123,604,956.72 from CNY 5,738,200,132.46, which is an increase of about 6.7%[16] Operating Costs and Inventory - The company reported a 143.46% increase in operating costs, attributed to higher procurement volumes and prices of LNG and LPG products[5] - Total operating costs for Q1 2022 were RMB 6,530,139,780.50, up 140.5% from RMB 2,717,371,190.72 in Q1 2021[17] - The company reported a significant increase in inventory, which decreased to CNY 413,599,263.35 from CNY 686,135,430.54, a reduction of approximately 39.7%[14] Shareholder Information - The company has a total of 34,171 common shareholders, with the largest shareholder holding 32.35% of the shares[7] Strategic Initiatives - The company plans to acquire 100% of the shares of Sen Tai Energy through a combination of issuing shares, convertible bonds, and cash payments[9] - The company has been actively pursuing a major asset restructuring transaction, with the board approving related proposals on January 17, 2022[10] - The company completed the response to the inquiry letter from the Shanghai Stock Exchange on February 19, 2022, and made corresponding revisions to the transaction plan[11] - The company plans to hold a shareholders' meeting to review the relevant proposals after completing the necessary audit and evaluation work related to the transaction[12] - The company has applied for an extension to respond to the inquiry letter, expecting a delay of no more than 5 trading days[11] Investment Activities - The company’s investment activities resulted in a net cash outflow of RMB 795,685,927.32 in Q1 2022, compared to RMB 134,010,837.17 in Q1 2021[22] Cash Flow from Financing Activities - Cash flow from financing activities totaled $1,104,089,338.90, an increase from $688,014,558.57 in the previous period, reflecting a growth of approximately 60%[23] - Net cash flow generated from financing activities was $419,569,725.09, slightly up from $417,722,571.83, indicating a stable performance[23] - The net increase in cash and cash equivalents was $384,186,536.14, compared to $328,458,976.66, representing a growth of about 17%[23] - The impact of exchange rate changes on cash and cash equivalents was $2,256,989.59, down from $5,268,129.28, indicating a decrease of about 57%[23]

Financial Performance - The company achieved operating revenue of CNY 18,488,338,961.68 in 2021, representing a year-on-year increase of 107.42% due to significant sales volume and price increases of LNG and LPG products[13]. - The net profit attributable to shareholders was CNY 619,745,395.30, a decrease of 19.27% compared to the previous year, primarily due to asymmetric fluctuations in international and domestic LNG prices[14]. - The net cash flow from operating activities was CNY 89,508,400.53, down 89.15% year-on-year, largely due to increased inventory levels and a delayed payment from a sales transaction[15]. - The company's net assets attributable to shareholders reached CNY 5,738,200,132.46 at the end of 2021, an increase of 128.33% year-on-year, driven by IPO fundraising and profitability[15]. - Basic earnings per share were CNY 1.52, a decline of 28.64% year-on-year, attributed to the decrease in net profit and an increase in share capital post-IPO[15]. - The weighted average return on equity was 14.17%, down 18.27 percentage points from the previous year, reflecting the impact of reduced profitability[14]. - The company recorded a significant increase in inventory, with a year-end balance rising by CNY 30,905.18 million compared to the beginning of the period[15]. - The company’s LNG product sales volume reached 202.58 million tons, generating sales revenue of CNY 987,856.07 million[29]. - The LPG product sales volume was 177.30 million tons, with operating revenue of CNY 780,659.09 million[32]. Corporate Governance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[1]. - The report confirms that all board members attended the board meeting, ensuring collective responsibility for the report's content[1]. - The company emphasizes the importance of stakeholder rights and social responsibility, actively engaging with stakeholders to balance interests and promote sustainable development[138]. - The company has established a robust governance structure to protect the rights of shareholders and creditors, ensuring compliance and orderly operations[188]. - The board of directors consists of 9 members, including 3 independent directors, and has held 15 meetings during the reporting period, ensuring compliance with governance standards[135]. - The supervisory board, comprising 3 members, has conducted 11 meetings, effectively overseeing the company's financial status and compliance of directors and senior management[136]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, ensuring transparency and compliance with legal standards[137]. - The company held 5 shareholder meetings during the reporting period, adhering to legal requirements and ensuring all shareholders, especially minority shareholders, could exercise their voting rights[133]. Risk Management - The company has outlined potential risks in its report, which can be found in the section discussing future developments and risks[3]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements and future plans[3]. - The company faces risks from global economic uncertainties and potential impacts from COVID-19, which may affect production and operations[120]. - The company is addressing market competition risks by optimizing its dual gas source strategy and enhancing customer loyalty to maintain competitive advantages[122]. - The company is exposed to procurement price volatility risks due to reliance on international markets for LNG and LPG, and it is implementing strategies to stabilize procurement costs[123]. - The company has long-term LNG procurement contracts requiring a minimum of 4.95 million tons from 2021 to March 2026, which poses risks if actual delivery volumes do not meet contractual obligations[124]. Strategic Initiatives - The company is undergoing asset restructuring involving Sichuan Yuanfeng Sentai Energy Group Co., Ltd. in 2022[5]. - The company plans to continue expanding its LNG and LPG product lines to capitalize on market demand and pricing trends[15]. - The company is committed to the clean energy sector, focusing on LNG, LPG, and hydrogen energy, aligning with national carbon reduction goals[37]. - The company is actively developing hydrogen energy as part of its future strategy, aligning with national policies and local government support for the hydrogen industry[182]. - The company aims to enhance its governance and operational standards post-listing, focusing on compliance and protecting the interests of small and medium investors[33]. - The company is committed to promoting low-carbon economic development in line with the "dual carbon" strategy, positioning itself as a value-creating clean energy service provider[108]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions in line with the "carbon peak and carbon neutrality" strategy, reinforcing its role as a major clean energy service provider[183]. - The company has established a comprehensive environmental monitoring system, ensuring accurate and reliable monitoring data through a three-level review process[181]. - The company has obtained the pollution discharge permit for Dongguan City Jiufeng Energy Co., Ltd., indicating compliance with environmental regulations[177]. - The company has developed an emergency response plan for environmental pollution incidents, which has been filed with the local ecological environment bureau[181]. - The company is committed to environmental protection and sustainable development, implementing strict compliance with environmental regulations and promoting energy conservation and emissions reduction[192]. Employee Management - The total number of employees in the parent company and major subsidiaries is 905, with 489 in operations and 101 in supply chain roles[167]. - The company has established a salary management system that aligns with market conditions and encourages employee contributions[168]. - The company emphasizes continuous improvement in employee training, focusing on enhancing overall quality and efficiency[169]. - The company prioritizes employee welfare by improving working conditions and benefits, ensuring compliance with labor laws, and promoting employee development through training and cultural activities[190]. Shareholder Engagement - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares and to increase capital stock by 4 shares for every 10 shares held, based on a total share capital of 442,969,866 shares as of December 31, 2021[2]. - The company has a comprehensive cash dividend policy that has not changed during the reporting period, ensuring clarity and compliance with regulations[170]. - The company has implemented a series of commitments regarding share restrictions, ensuring that major shareholders do not transfer shares for a specified period, enhancing investor confidence[197]. - The lock-up period for shares held by major shareholders is set for 36 months post-IPO, with specific conditions for share transfers thereafter[199]. - After the lock-up period, any reduction in shareholding by major shareholders is limited to 10% of their total shares per year, ensuring stability in shareholding structure[200].

Financial Performance - The company's operating revenue for the third quarter reached ¥5,006,154,881.91, representing a year-on-year increase of 126.56%[2] - The net profit attributable to shareholders was ¥211,897,475.36, showing a decrease of 24.84% compared to the same period last year[2] - The basic earnings per share for the quarter was ¥0.48, down 38.46% year-on-year[2] - The weighted average return on equity decreased by 7.61 percentage points to 3.72%[2] - The company reported a net cash flow from operating activities of -¥11,675,318.74 for the year-to-date period, a significant decline of 102.74%[2] - Total operating revenue for the first three quarters of 2021 reached ¥11,639,564,738.07, a significant increase of 93.5% compared to ¥6,009,337,439.00 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥611,511,686.80, a decrease of 4.2% from ¥638,191,449.17 in the previous year[21] - Basic earnings per share for the first three quarters of 2021 were ¥1.53, down from ¥1.76 in the same period of 2020[22] - The company reported a significant increase in sales revenue from goods and services, amounting to ¥12,148,190,906.04, compared to ¥6,635,513,876.55 in the previous year[23] - The total profit for the first three quarters of 2021 was ¥702,877,862.60, slightly down from ¥755,311,658.34 in the same period of 2020[21] Assets and Equity - The total assets at the end of the reporting period amounted to ¥8,692,830,762.98, reflecting a 99.72% increase from the previous year-end[3] - The equity attributable to shareholders increased by 131.24% to ¥5,811,235,005.63 compared to the previous year-end[3] - As of September 30, 2021, the company's total assets reached 8.69 billion RMB, a significant increase from 4.35 billion RMB at the end of 2020, representing a growth of approximately 99.8%[18] - The company's total equity attributable to shareholders reached approximately 5.81 billion RMB, up from 2.51 billion RMB at the end of 2020, reflecting a growth of about 131%[19] Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥11,675,318.74 for the year-to-date period, a significant decline of 102.74%[2] - Cash inflow from operating activities totaled ¥12,216,617,152.67, compared to ¥6,690,065,872.03 in the first three quarters of 2020, reflecting an increase of 82.5%[23] - Total cash outflow from investing activities reached $1.24 billion, compared to $413.10 million in the same period last year[24] - Cash inflow from financing activities amounted to $6.01 billion, an increase from $1.74 billion year-over-year[24] - The ending cash and cash equivalents balance was $2.94 billion, up from $1.25 billion at the end of the previous year[24] - The company has a remaining balance of CNY 60,335.52 million from the raised funds, temporarily stored in a dedicated account[12] Business Strategy and Market Conditions - The increase in operating revenue was mainly driven by significant growth in sales volume and prices of LNG and LPG products[6] - The company plans to continue expanding its business scale, supported by funds raised from public stock offerings[6] - The company is enhancing its international procurement capabilities and ocean-going vessel capacity in the LNG business, leading to rapid growth in main business revenue[9] - The international natural gas prices have significantly increased, impacting the company's LNG procurement costs and resulting in a decrease in LNG business gross margin[9] - The company plans to leverage the price advantage of long-term LNG contracts relative to the spot market and adjust procurement strategies accordingly[10] - The company is focusing on expanding its domestic market sales and entering the LPG chemical raw material application field to achieve stable growth in LPG business revenue and operating profit[9] Changes in Investment Projects - The company has changed its fundraising investment projects, terminating the construction of one LNG transport vessel and reallocating funds to build one LPG transport vessel[12] - The total expected investment for the LNG transport vessel project is CNY 106,368.15 million, with CNY 15,490.55 million already invested[12] - The total expected investment for the LPG transport vessel project is CNY 51,147.37 million, with CNY 46,032.63 million allocated from the raised funds[12] Dividend and Financial Management - The company approved a cash dividend of 1.793 RMB per 10 shares for the first half of 2021, with the record date on October 20, 2021[14] - The company’s financial expenses decreased to ¥15,741,337.23 from ¥21,173,774.64 year-over-year, indicating improved cost management[20] - The company’s tax expenses for the first three quarters of 2021 were ¥91,366,175.80, down from ¥117,120,209.17 in the same period of 2020[21]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥6,633,409,856.16, representing a 74.57% increase compared to the same period last year [19]. - Net profit attributable to shareholders was ¥397,148,693.14, reflecting a year-on-year growth of 12.87% [19]. - The net assets attributable to shareholders increased by 122.38% to ¥5,588,656,676.45 compared to the end of the previous year [19]. - Total assets grew by 83.32% to ¥7,978,841,229.71 compared to the end of the previous year [19]. - Basic earnings per share for the first half of 2021 was ¥1.06, an increase of 8.16% from ¥0.98 in the same period last year [20]. - The company reported a total revenue of 24,022,986.45 million RMB for the first half of 2021 [89]. - The company reported a total comprehensive income of ¥398,902,843.26 for the first half of 2021, compared to ¥354,701,399.04 in the same period of 2020 [115]. - The company’s financial expenses for the first half of 2021 were ¥14,546,326.42, a notable increase from ¥831,301.06 in the same period of 2020, primarily driven by higher interest expenses [113]. Cash Flow and Liquidity - The cash flow from operating activities for the first half of 2021 was ¥156,408,179.87, a decrease of 12.76% compared to the previous year [19]. - The company's cash and cash equivalents increased by 184.94% to 3.60 billion yuan, primarily due to net proceeds from its IPO [55]. - The total cash and cash equivalents at the end of the period amounted to RMB 3,598,274,823.07, an increase from RMB 1,262,819,554.93 at the beginning of the period [191]. - The net cash flow from financing activities was CNY 2.78 billion, compared to a negative cash flow of CNY 178.45 million in the first half of 2020, indicating a turnaround [119]. Investment and Capital Expenditure - The company raised a net amount of ¥2,677,000,000 from its initial public offering in May 2021 [21]. - The company has committed to building two LNG transport vessels at a total cost of RMB 210,630,000, with one vessel currently under construction [61]. - The company has made a total investment of USD 5,000,000 in Singapore Mulan Spirit Shipping Co., Ltd. and increased investment of RMB 1,000,000,000 in Guangdong Jiufeng Energy Co., Ltd., holding 100% equity in both [59]. - The company has established several wholly-owned subsidiaries in Singapore and Hong Kong to enhance its international procurement capabilities [57]. Operational Highlights - The company operates in the clean energy sector, focusing on midstream and terminal areas, providing products such as liquefied petroleum gas (LPG) and liquefied natural gas (LNG) [25]. - The company has established a comprehensive energy base in Dongguan, which includes a 50,000-ton comprehensive terminal and significant LNG storage capacity, playing a crucial role in emergency gas supply for the Guangdong-Hong Kong-Macao Greater Bay Area [26]. - The company has developed a multi-layered sales network in South China, particularly in the Pearl River Delta region, enhancing its market share [28]. - The company provides comprehensive application solutions, including supply scheme design and operation management for gasification stations, to meet diverse customer needs [31]. Risk Management - The company has outlined various operational risks in the management discussion section of the report [6]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a substantive commitment to investors [5]. - The company faces risks related to macroeconomic fluctuations, including potential impacts from geopolitical tensions and the ongoing COVID-19 pandemic [64][65]. - The company is exposed to procurement price volatility risks for LPG and LNG, which are linked to international market indices [65]. Environmental and Safety Compliance - The company has established environmental protection measures to comply with national standards, but future regulatory changes may require additional investments in environmental facilities [68]. - The company has implemented a strict safety production management system to ensure zero major accidents in its operations [46]. - The company has established a comprehensive environmental protection management system and strictly adheres to relevant discharge management regulations [75]. - The company has developed an emergency response plan for sudden environmental pollution incidents, which has been filed with the local ecological environment bureau [79]. Shareholder Information - The company plans to distribute a cash dividend of RMB 1.793 per 10 shares, totaling approximately RMB 79.42 million based on the total share capital of 442,969,866 shares as of June 30, 2021 [4]. - The largest shareholder, Guangdong Jiufeng Investment Holding Co., Ltd., holds 143,286,120 shares, accounting for 32.35% of total shares [101]. - The total number of shares increased from 360 million to 442.97 million after the public offering of 82.97 million shares [100]. - The foreign shareholding ratio is 11.20%, with 40,329,778 shares held by foreign investors [99]. Compliance and Governance - The report indicates that the board of directors and management guarantee the accuracy and completeness of the financial report, which has not been audited [3]. - The company emphasizes its commitment to transparency and has made all relevant documents publicly available as required by regulatory authorities [8]. - The company has not suffered significant losses from natural disasters to date, but risks remain from events such as severe weather, terrorism, and pandemics [70]. - There were no significant lawsuits or arbitration matters during the reporting period [87].