数据四舍五入，查看更多财务数据>> 本次公司不分配不转赠。 二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 华新燃气集团有限公司 | 89113.64 | 46.19 | 不变 | | 太原市宏展房地产开发有限公司 | 17761.59 | 9.21 | 不变 | | 卢文星 | 2769.17 | 1.44 | 不变 | | 香港中央结算有限公司 | 1612.20 | 0.84 | 300.50 | | 李金琛 | 1110.20 | 0.58 | 不变 | | 上海晋燃能源投资有限公司 | 910.00 | 0.47 | 不变 | | 吉兴民 | 876.60 | 0.45 | 6.60 | | 高风坤 | 868.94 | 0.45 | 不变 | | 上海靖戈私募基金管理合伙企业(有限合伙)-靖戈共赢尊享 | | | | | 十一号私募证券投资基金 | 746.86 | 0.39 | 不变 | | 蒙棣良 | 700.01 | ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 8,391,664,197.05, a decrease of 3.53% compared to the same period last year[12]. - Net profit attributable to shareholders of the listed company increased to CNY 54,358,166.25, reflecting a growth of 3.49% year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -73,378,525.51, an improvement of 20.14% compared to the previous year[12]. - The net cash flow from operating activities decreased by 56.59% to CNY 524,747,619.46, primarily due to increased cash payments for goods and services[12]. - Total assets at the end of the reporting period were CNY 27,509,812,975.91, down 4.95% from the previous year[12]. - The net assets attributable to shareholders of the listed company decreased by 3.11% to CNY 3,568,444,586.69[12]. - Basic earnings per share for the first half of 2024 were CNY 0.03, unchanged from the previous year[13]. - The weighted average return on net assets increased by 0.04 percentage points to 1.46%[13]. - The company reported a decrease in gas sales volume, which was the main reason for the decline in operating revenue[13]. - The reduction in financial expenses contributed to the increase in net profit attributable to shareholders[13]. Market Trends - In the first half of 2024, global natural gas demand grew at a rate significantly above historical averages, with Asia-Pacific, China, and India achieving double-digit growth rates[15]. - In the U.S., natural gas consumption increased by 1.5% (approximately 7 billion cubic meters) in the first half of 2024, primarily driven by the power sector[15]. - European natural gas consumption decreased by 3.5% (approximately 9 billion cubic meters) in the first half of 2024, influenced by the rise of renewable energy and improved nuclear availability[15]. - In the Asia-Pacific region, natural gas consumption rose by 8% (approximately 30 billion cubic meters) in the first half of 2024, with India experiencing a 10% increase[15]. - China's natural gas production reached 123.5 billion cubic meters in the first half of 2024, reflecting a year-on-year growth of 4.4%[15]. - The total natural gas imports in China for the first half of 2024 were 64.65 million tons (approximately 89.2 billion cubic meters), marking a 14.3% increase year-on-year[15]. - National natural gas apparent consumption reached 213.8 billion cubic meters in the first half of 2024, a year-on-year increase of 10%[16]. - The company anticipates continued growth in the global natural gas market, with a projected increase in demand of 2.5% (approximately 100 billion cubic meters) for 2024[15]. - The company expects natural gas consumption for 2024 to be between 420 billion and 425 billion cubic meters, representing a year-on-year growth of 6.5% to 7.7%[16]. Operational Developments - The company has a total gas storage capacity of 40 million cubic meters and operates three gas power plants with a total designed capacity of 412 MW[18]. - The company has built over 5,000 kilometers of natural gas pipeline, covering 11 cities and 104 counties in Shanxi Province, accounting for approximately 80% of the province's total pipeline length[18]. - The company has established a comprehensive sales network that covers the entire province and extends beyond, enhancing service quality and efficiency[18]. - The company has 92 patents, including 6 invention patents, and has made significant progress in technology research and development[18]. - The company aims to increase natural gas production by over 10 billion cubic meters annually, focusing on unconventional gas production[19]. - The LNG production and operation services provided by the company are the largest in Shanxi Province, with the highest storage capacity and market share[17]. - The company plans to optimize resource allocation to enhance efficiency and reduce procurement costs for stable gas supply[19]. - The company is committed to expanding its renewable energy business while strengthening its core natural gas operations[19]. Financial Management - Operating costs amount to 7,686,390,262.77 RMB, reflecting a decrease of 2.90% year-on-year[21]. - Research and development expenses dropped significantly by 76.50%, amounting to 1,934,631.03 RMB[21]. - The company has increased its prepayments by 31.68%, reaching 645,083,679.40 RMB[23]. - The company has reduced its financial expenses by 14.90%, with the current period amounting to 371,054,385.06 RMB[21]. - The company is actively expanding its market by integrating into local urban construction plans and developing new markets and users[20]. - The company is focusing on optimizing its production and operation system to ensure safe and stable pipeline operations[20]. - The company is exploring new energy markets and enhancing innovation capabilities, particularly in biogas and biomass energy projects[20]. - The company has implemented a centralized procurement model to reduce costs and improve efficiency in inventory management[20]. Environmental and Social Responsibility - The company has established emergency response plans for environmental incidents at its subsidiaries, ensuring timely and effective responses[32]. - All three power plants under the company have implemented environmental self-monitoring plans, with no instances of exceeding environmental standards reported[33]. - The company has implemented measures to minimize environmental pollution during construction projects, ensuring compliance with local environmental regulations[35]. - In the first half of 2024, the company provided a total of 191,000 yuan in support for poverty alleviation and rural revitalization efforts[37]. - The company has adopted closed-loop transportation processes to reduce methane emissions and enhance energy efficiency through optimized operational procedures[36]. - The company is focused on expanding its market presence while adhering to environmental protection and sustainability principles[35]. Corporate Governance - The company has committed to maintaining the independence of its listed entity, ensuring no conflicts of interest with its controlling shareholders[38]. - The company has pledged to manage and maintain the integrity of its assets and operational qualifications to prevent losses during asset transfers[40]. - The company has not provided any guarantees for shareholders, actual controllers, or their related parties[46]. - The company has not encountered any bankruptcy reorganization matters during the reporting period[42]. - The company has committed to avoid engaging in any competitive business activities that may harm its interests[41]. - There were no significant lawsuits or arbitration matters during the reporting period[42]. - The company confirmed a total of 1,234,039.93 million RMB in actual daily related transactions for 2023[42]. - The estimated amount for daily related transactions for 2024 is projected to be 1,738,569.00 million RMB[42]. Investment and Financing - The total amount of raised funds is CNY 48,000 million, with a net amount of CNY 46,584.91 million after deducting issuance costs[48]. - As of the reporting period, the cumulative investment of raised funds reached CNY 25,603.69 million, representing a progress rate of 54.96%[48]. - The project "Huairen-Yuanping Gas Pipeline Project" has a planned investment of CNY 16,122.11 million, with a cumulative investment of CNY 9,000.37 million, achieving a progress rate of 55.83%[50]. - The project "Dingxiang-Wutai Gas Pipeline Project" has a planned investment of CNY 11,201.54 million, with a cumulative investment of CNY 6,070.18 million, achieving a progress rate of 54.19%[50]. - The cumulative investment of raised funds for the "Hongtong-Anze Changzi Gas Pipeline Project" is CNY 6,543.58 million, with a progress rate of 66.28%[50]. - The cumulative investment of raised funds for the "Yuanping-Daixian-Fanzhi Gas Pipeline Project" is CNY 3,989.56 million, with a progress rate of 42.50%[50]. - The company has issued a medium-term note with a total balance of 500 million RMB and an interest rate of 5.14%[60]. - The company plans to ensure the repayment of its bonds by diversifying financing channels and managing its own funds effectively[60]. - There were no overdue bonds reported during the period[60]. Shareholder Information - The total number of ordinary shareholders as of the reporting period is 49,267[54]. - The top shareholder, Huaxin Gas Group Co., Ltd., holds 891,136,436 shares, representing 46.19% of the total shares[55]. - Taiyuan Hongzhan Real Estate Development Co., Ltd. increased its holdings by 50,747,388 shares, now holding 177,615,858 shares, which is 9.21%[55]. - The total number of shares held by the top ten shareholders amounts to 1,927,000,000 shares, accounting for a significant portion of the company's equity[55]. - The company completed a capital reserve conversion, increasing the total share capital from 1,377,994,126 shares to 1,929,191,776 shares[53]. - The earnings per share after the capital increase is CNY 0.03[53]. - The company has no shares under repurchase accounts among the top ten shareholders[56]. - There were no changes in the controlling shareholder or actual controller during the reporting period[59]. Accounting and Financial Reporting - The company's financial statements were approved by the board of directors on August 28, 2024, ensuring compliance with accounting standards[90]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[92]. - The company’s financial reports adhere to the accounting standards, accurately reflecting its financial position and operational results[94]. - The company’s accounting policies include specific thresholds for recognizing bad debt provisions and significant investments, ensuring financial accuracy[97]. - The company has undergone changes in its consolidation scope, reflecting strategic adjustments in its operational structure[89]. - The company recognizes transactions involving subsidiary equity investments as bundled transactions when they lead to the loss of control over the subsidiary, with the difference between the disposal price and the net asset share recognized as other comprehensive income until control is lost[109]. - The company applies a consistent accounting policy across all subsidiaries to ensure comparability in financial reporting[105]. - The company recognizes revenue when control of goods or services is transferred to the customer, based on the transaction price allocated to the performance obligation[182]. Risk Management - The company faces risks from tightening national environmental policies and increased competition in the gas industry[27]. - Global energy market adjustments and sanctions on Russian LNG are expected to cause price volatility in the gas market[27]. - The company has established a comprehensive emergency response plan for environmental incidents, including regular training and drills for staff[35]. - The company is actively pursuing strategies to address soil and water conservation during construction, focusing on restoring original land use types[35].

Financial Performance - The company's net profit for 2023 reached CNY 238,261,256.03, with a cumulative distributable profit of CNY 268,768,269.80 after accounting for retained earnings and reserves[7]. - Operating revenue increased by 10.32% year-on-year to CNY 17,197,957,669.37, driven primarily by increased gas sales volume[22]. - The basic earnings per share rose to CNY 0.06, reflecting a 20% increase compared to the previous year[24]. - The total assets decreased by 7.55% to CNY 28,942,173,193.93, compared to CNY 31,305,755,487.29 in 2022[23]. - The company plans to distribute a cash dividend of CNY 1.45 per 10 shares, totaling CNY 199,809,148.27, and to increase the share capital by 4 shares for every 10 shares held[7]. - The cash flow from operating activities amounted to CNY 2,514,003,243.07, an increase of 8.64% from the previous year[22]. - The weighted average return on net assets improved to 2.09%, an increase of 0.30 percentage points from 2022[24]. - The company reported a net loss of CNY 119,326,298.14 after deducting non-recurring gains and losses, an improvement of 11.77% compared to the previous year[22]. - The total equity attributable to shareholders decreased slightly by 0.16% to CNY 3,683,039,600.43[22]. - The net profit attributable to shareholders increased due to a reduction in management and financial expenses[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased primarily due to the rise in net profit and a decrease in non-recurring gains and losses[25]. - The net cash flow from operating activities increased due to higher cash received from sales of goods and services[25]. Revenue and Sales - In Q1 2023, operating revenue was approximately CNY 5.67 billion, while in Q2 it dropped to CNY 2.94 billion, and then increased to CNY 3.29 billion in Q3, with Q4 revenue at CNY 5.31 billion[27]. - The net profit attributable to shareholders was CNY 116.88 million in Q1, but showed losses in Q2 (CNY -66.13 million) and Q3 (CNY -92.98 million), before recovering to CNY 120.22 million in Q4[27]. - The company achieved a total operating revenue of CNY 17.198 billion in 2023, representing a year-on-year increase of 10.32%[50]. - The net profit attributable to shareholders was CNY 0.78 billion, an increase of 18.89% compared to the previous year[50]. - The company's total revenue from the natural gas and coalbed gas segment reached ¥16,509,052,234.48, with a year-on-year increase of 9.15%[56]. - The total revenue from the long-distance pipeline business was ¥15,507,704,656.05, reflecting a year-on-year increase of 14.31%[57]. Production and Consumption - In 2023, the company's domestic natural gas consumption reached 391 billion cubic meters, an increase of 27 billion cubic meters, representing a growth rate of 7.2%[41]. - The company's domestic natural gas production was 232.4 billion cubic meters, with an increase of 12.3 billion cubic meters, reflecting a growth rate of 5.6%[40]. - The company produced 57.73 billion cubic meters of natural gas, representing a year-on-year increase of 14.68%[58]. - Domestic natural gas consumption increased by 270 billion cubic meters in 2023, reaching a total of 3,910 billion cubic meters[76]. - The company expects natural gas consumption in China to reach 4,157 billion cubic meters in 2024, with production projected at 2,458 billion cubic meters[76]. Strategic Initiatives - The company aims for "high-quality development" focusing on five major business segments, including long-distance pipelines and new energy[34]. - The company is actively expanding its new energy business, leveraging biomass energy recycling projects for sustainable development[34]. - The company is optimizing resource procurement to increase network resources while reducing costs, particularly through enhanced coalbed methane procurement[34]. - The company is implementing refined management practices to improve operational efficiency and reduce financial costs, including tracking monetary policy adjustments[36]. - The company aims to optimize its long-distance gas pipeline network and enhance its operational capabilities to support the energy revolution in the province[78]. - The company plans to expand deep coalbed methane production capacity to enhance resource security, aiming for extraction volumes of 200 to 250 billion cubic meters by 2025[77]. Risk Management and Compliance - The company has outlined potential risks in its report, advising investors to be cautious regarding future plans and strategies[8]. - The company faces risks related to tightening environmental policies and increased competition in the gas industry[83]. - The company is focused on maintaining a clear separation from its controlling shareholder to ensure independent decision-making[85]. - The company has established a compliance management system and implemented a compliance management method to enhance legal compliance awareness and management levels[88]. - The company has committed to disclosing information accurately, timely, and completely, adhering to relevant regulations and maintaining effective communication with investors[88]. Corporate Governance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal requirements[87]. - The company has established specialized committees, including the Audit Committee, Nomination Committee, Compensation and Assessment Committee, and Strategic Committee[104]. - The company has not reported any dissenting opinions from directors regarding company matters[104]. - The company has not identified any risks during the reporting period[108]. - The company has committed to maintaining the cessation of operations for certain subsidiaries until they are fully deregistered[88]. Environmental and Social Responsibility - The company has invested 2.8834 million yuan in environmental protection funds during the reporting period[136]. - The company has established emergency response plans for environmental incidents, with regular training and drills conducted to ensure preparedness[141]. - The company implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 148.89 tons[147]. - Total donations for social responsibility projects amounted to 12.9495 million RMB, including 10 million RMB in cash donations[148]. - The company contributed 228.0186 million RMB towards poverty alleviation and rural revitalization projects, focusing on industrial consumption assistance[150]. Human Resources - The company employed a total of 6,061 staff, with 82 in the parent company and 5,979 in major subsidiaries[107]. - The workforce includes 2,488 production personnel, 416 sales personnel, 995 technical personnel, 320 financial personnel, and 1,842 administrative personnel[107]. - The company plans to enhance employee training focusing on management, compliance, and industry knowledge[110]. - The company has a total of 208 employees with postgraduate degrees and 2,862 with bachelor's degrees[107]. Financial Management - The company has a cash dividend policy that prioritizes cash dividends when conditions are met, with a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[114]. - The company’s profit distribution policy aligns with its articles of association and has clear standards and ratios for dividends[119]. - The company has established effective management control mechanisms over subsidiaries to enhance operational efficiency and risk management[124]. - The internal control system of the company is functioning well, with no significant deficiencies identified in financial and non-financial reporting[126]. Shareholder Information - The total number of ordinary shareholders increased from 49,524 to 50,244 during the reporting period, representing a growth of approximately 1.46%[176]. - The largest shareholder, Huaxin Gas Group Co., Ltd., holds 636,392,826 shares, accounting for 46.18% of the total shares, with a decrease of 133,200 shares during the reporting period[178]. - The top ten shareholders include new entrants such as Hainan Jingge Private Fund Management Partnership, which holds 10,870,000 shares, accounting for 0.79%[179]. Legal and Regulatory Matters - The company is involved in a major lawsuit regarding a claim for repayment of RMB 18.72 million, with the court ruling in favor of the claimant[162]. - The company has not reported any non-operating fund occupation or guarantee violations during the reporting period[156]. - The company has not violated any laws, regulations, or internal management systems during the reporting period[194].

Financial Performance - The company's operating revenue for Q1 2023 was ¥5,666,073,254.14, representing a year-on-year increase of 22.97%[4] - The net profit attributable to shareholders decreased by 32.66% to ¥116,883,036.55 compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥39,348,987.09, down 63.28% year-on-year[4] - Net profit for Q1 2023 was ¥106,920,976.52, a decrease of 31% from ¥155,719,939.72 in Q1 2022[18] - The company's basic and diluted earnings per share were both ¥0.08, a decrease of 38.46% compared to the previous year[4] - Earnings per share for Q1 2023 was ¥0.08, down from ¥0.13 in Q1 2022[18] - The company's net profit for Q1 2023 reached CNY 59,300,789.33, compared to CNY 30,919,153.63 in Q1 2022, representing a growth of 92.0%[27] - The company achieved an operating profit of CNY 60,265,143.01 in Q1 2023, up from CNY 31,033,256.63 in Q1 2022, reflecting a growth of 94.3%[27] Cash Flow and Assets - The net cash flow from operating activities was ¥628,394,318.77, with no applicable year-on-year comparison[4] - The net cash flow from operating activities for Q1 2023 was ¥628,394,318.77, a significant improvement from -¥223,046,289.28 in Q1 2022[21] - Total cash inflow from operating activities was ¥6,735,144,959.01, compared to ¥4,882,481,660.99 in the same period last year, representing an increase of approximately 37.6%[21] - The total assets at the end of the reporting period were ¥31,862,437,318.32, an increase of 2.50% from the end of the previous year[5] - The total assets of the company amounted to ¥31,862,437,318.32 in Q1 2023, compared to ¥31,084,376,229.98 in Q1 2022[16] - Cash and cash equivalents at the end of Q1 2023 were ¥3,802,973,172.77, compared to ¥3,793,183,225.10 at the end of Q1 2022, showing a slight increase[22] - The company's cash and cash equivalents reached RMB 4,930,695,161.65, up from RMB 4,192,487,177.73, indicating an increase of about 17.6%[13] - The total current assets amounted to RMB 8,914,051,117.20, an increase from RMB 7,916,757,204.55 as of December 31, 2022, representing a growth of approximately 12.6%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,491[9] - The largest shareholder, Huaxin Gas Group Co., Ltd., held 46.15% of the shares, totaling 635,989,926 shares[9] - The top ten shareholders include Huaxin Gas Group Co., Ltd. with 342,659,492 shares, representing a significant portion of the company's equity[10] Research and Development - R&D expenses increased by 36.32% during the reporting period[7] - Research and development expenses for Q1 2023 were ¥2,090,572.31, compared to ¥1,533,632.95 in Q1 2022, indicating a 36% increase[17] Liabilities and Borrowings - The company's total liabilities increased to ¥27,636,741,152.32 in Q1 2023, compared to ¥26,978,561,524.85 in Q1 2022[16] - The total liabilities increased to ¥6,247,428,634.45 in Q1 2023 from ¥5,005,928,157.92 in Q1 2022, marking an increase of approximately 24.8%[25] - Short-term borrowings decreased to ¥5,925,157,660.54 from ¥7,288,598,874.96, a reduction of about 18.7%[14] - Long-term borrowings increased to ¥2,336,300,000.00 in Q1 2023 from ¥1,336,300,000.00 in Q1 2022, reflecting a growth of 75%[25] Investment Activities - The company reported an investment loss of ¥17,495,881.43 in Q1 2023, compared to a loss of ¥4,976,551.38 in Q1 2022[17] - The net cash flow from investing activities was negative at CNY -477,433,539.75 in Q1 2023, compared to a positive cash flow of CNY 416,853,075.83 in Q1 2022[29] Operational Highlights - The company reported no new strategies or product developments during the quarter, focusing on maintaining existing operations and financial stability[11] - The company has not made any changes to its stock holdings during the reporting period, maintaining its position in the market[12] - The company has engaged in securities lending, with a total of 536,100 shares lent out as of March 31, 2023[12]

Financial Performance - The company's operating revenue for Q3 2022 was CNY 3,061,422,169.08, representing a 5.33% increase compared to CNY 2,906,608,567.04 in the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 114,028,264.04, an improvement from a loss of CNY 134,590,654.36 year-over-year[5]. - The net profit for the third quarter of 2022 was a loss of CNY 129,637,513.34, an improvement from a loss of CNY 160,466,605.36 in the same quarter of 2021[18]. - The net profit attributable to shareholders for the year-to-date period improved by 39.35% due to increased downstream customer demand and higher sales prices[9]. - The diluted earnings per share for the year-to-date period increased by 50.00%, driven by higher operating revenue and net profit growth[9]. - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.02, improving from CNY -0.04 in the same quarter of 2021[19]. - The company's total comprehensive income for the third quarter of 2022 was ¥18,171,676.66, down from ¥20,324,250.41 in the same quarter of 2021, indicating a decrease of approximately 10.6%[29]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 1,990,179,508.96, a decrease of 9.41% compared to CNY 2,196,911,220.90 in the previous year[5]. - Operating cash inflow for the first three quarters of 2022 reached CNY 13.27 billion, a significant increase from CNY 9.57 billion in the same period of 2021, representing a growth of approximately 38.3%[21]. - Net cash flow from operating activities for Q3 2022 was CNY 1.99 billion, down from CNY 2.20 billion in Q3 2021, indicating a decrease of about 9.5%[21]. - Total cash and cash equivalents at the end of Q3 2022 stood at CNY 2.92 billion, compared to CNY 2.75 billion at the end of Q3 2021, reflecting an increase of approximately 5.3%[22]. - The company reported a net cash outflow from investing activities of CNY 301.39 million in Q3 2022, an improvement from a net outflow of CNY 343.50 million in Q3 2021[22]. - Cash outflow from financing activities in Q3 2022 was CNY 8.76 billion, down from CNY 11.04 billion in Q3 2021, showing a reduction of about 20.6%[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 30,553,071,450.67, reflecting a decrease of 5.94% from CNY 32,482,875,023.80 at the end of the previous year[5]. - The total liabilities as of the third quarter of 2022 amounted to CNY 26,465,828,228.77, a decrease from CNY 28,252,821,767.79 at the end of the previous year[16]. - The total equity attributable to shareholders of the parent company was CNY 3,550,360,341.84, slightly down from CNY 3,593,991,572.37 in the previous quarter[16]. - Current liabilities totaled CNY 2.68 billion as of September 30, 2022, down from CNY 3.77 billion at the end of 2021, indicating a decrease of about 29.0%[24]. - Long-term borrowings increased to CNY 945.20 million as of September 30, 2022, compared to CNY 895.00 million at the end of 2021, reflecting an increase of approximately 5.6%[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 62,343[11]. - The largest shareholder, Huaxin Gas Group Co., Ltd., holds 636,526,026 shares, accounting for 46.19% of total shares[11]. - The company has no significant related party transactions with major shareholders[11]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 13,492,109.00, compared to CNY 7,842,442.36 in the same period of 2021, reflecting a 72% increase[17]. Acquisitions - The company completed the acquisition of 100% equity in Shanxi Huaxin Natural Gas Eastern Pipeline Co., Ltd. for CNY 1.103 billion, which was approved in October 2021[6].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 4,607,731,807.11, representing a 15.41% increase compared to CNY 3,992,317,716.44 in the same period last year[4] - Net profit attributable to shareholders was CNY 173,557,642.49, a 36.62% increase from CNY 127,032,716.57 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 424.18% to CNY 107,167,935.26 from CNY 20,444,926.57 in the previous year[4] - The basic earnings per share increased to CNY 0.13, up 36.62% from CNY 0.09 in the same period last year[5] - Net profit for Q1 2022 was ¥155,719,939.72, representing a 18.2% increase from ¥131,697,789.78 in Q1 2021[21] - Earnings per share for Q1 2022 were ¥0.13, compared to ¥0.09 in Q1 2021[22] - The operating profit for Q1 2022 was ¥31,033,256.63, compared to ¥25,473,845.91 in the same period last year, indicating an increase of 21.91%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 32,638,803,285.71, reflecting a 0.48% increase from CNY 32,482,875,023.80 at the end of the previous year[5] - The company's current assets totaled ¥8,555,066,093.58, compared to ¥8,229,805,178.81 in the previous period, reflecting a growth of approximately 3.96%[17] - Total liabilities as of Q1 2022 amounted to ¥28,251,883,060.64, slightly down from ¥28,252,821,767.79 in Q1 2021[19] - The total assets as of Q1 2022 were ¥32,638,803,285.71, compared to ¥32,482,875,023.80 in Q1 2021[19] - The total liabilities decreased to 3,795,272,737.02 RMB in Q1 2022 from 5,165,482,890.75 RMB in Q4 2021, a reduction of about 26.5%[26] Cash Flow - The net cash flow from operating activities was negative at CNY -223,046,289.28, a decline of 155.08% compared to CNY 404,955,670.63 in the same period last year[4] - The net cash flow from operating activities for Q1 2022 was -¥1,023,882,066.52, a significant decline from ¥924,368,024.11 in Q1 2021[32] - Total cash inflow from operating activities in Q1 2022 was 4,882,481,660.99 RMB, compared to 3,866,427,632.05 RMB in Q1 2021, representing an increase of approximately 26.1%[24] - Cash outflow from operating activities in Q1 2022 was 5,105,527,950.27 RMB, up from 3,461,471,961.42 RMB in Q1 2021, indicating a rise of about 47.4%[24] - The company reported cash inflow from operating activities of ¥4,214,478,765.25 in Q1 2022, down from ¥6,901,285,160.09 in Q1 2021[31] - Total cash outflow from operating activities in Q1 2022 was ¥5,238,360,831.77, compared to ¥5,976,917,135.98 in Q1 2021[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,412[10] - The company's total equity increased to 6,341,762,756.48 RMB in Q1 2022 from 6,310,843,602.85 RMB in Q4 2021, a slight increase of about 0.5%[27] - The company’s retained earnings rose to 70,355,190.58 RMB in Q1 2022, compared to 39,436,036.95 RMB in Q4 2021, marking an increase of approximately 78.5%[27] Research and Development - The company reported a decrease in research and development expenses by 43.84% during the reporting period[9] - Research and development expenses for Q1 2022 were ¥1,533,632.95, down from ¥2,730,990.77 in Q1 2021, indicating a reduction of 43.9%[20] Financial Expenses - Financial expenses for Q1 2022 were ¥261,978,662.48, an increase of 12.3% compared to ¥233,349,014.77 in Q1 2021[20] - The company incurred financial expenses of -¥2,889,997.97 in Q1 2022, a decrease from ¥933,170.64 in Q1 2021[28] Investment Activities - The company reported an investment loss of ¥4,976,551.38 in Q1 2022, compared to a gain of ¥459,973.12 in Q1 2021[21] - The company reported a net cash outflow from investing activities of -112,250,160.30 RMB in Q1 2022, compared to -208,839,779.69 RMB in Q1 2021, indicating an improvement of about 46.3%[24] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - There are no significant mergers or acquisitions reported during this period[15]

Financial Performance - In 2021, the company achieved a net profit of RMB 76,846,863.10, with a cumulative distributable profit of RMB 39,436,036.95 after accounting for retained earnings and surplus reserves[5]. - The total revenue for 2021 was RMB 12,607,623,861.14, representing a year-on-year increase of 2.30% compared to RMB 12,324,332,515.13 in 2020[23]. - The net profit attributable to shareholders of the listed company was RMB 45,361,703.30, a significant recovery from a loss of RMB 691,187,914.09 in the previous year, marking a 106.56% increase[23]. - The net cash flow from operating activities reached RMB 2,595,438,768.04, a substantial increase of 239.10% from RMB 765,384,452.56 in 2020[24]. - Total assets at the end of 2021 amounted to RMB 32,482,875,023.80, reflecting a 3.20% increase from RMB 31,477,175,149.35 at the end of 2020[24]. - The company's net assets attributable to shareholders were RMB 3,593,991,572.37, showing a slight decrease of 0.72% from RMB 3,619,936,550.86 in 2020[24]. - Basic earnings per share increased to CNY 0.03 from a loss of CNY 0.64 in the previous year, representing a 104.69% improvement[25]. - The weighted average return on equity improved to 1.05% from -17.43% year-on-year, an increase of 18.48 percentage points[25]. - The company reported a total operating revenue of CNY 5,935,795,732.98 in Q4 2021, with a net profit of CNY 138,011,642.06 attributable to shareholders[29]. Revenue and Growth Strategies - The company reported a significant increase in revenue from core business activities, with a net operating revenue of RMB 10,748,477,294.60, up 4.44% from the previous year[23]. - The company achieved operating revenue of 12.61 billion RMB in 2021, an increase of 2.30% compared to the previous year[49]. - The company provided a positive outlook for 2022, projecting a revenue growth of 20% to 1.44 billion[105]. - New product launches are expected to contribute an additional 200 million in revenue in 2022[105]. - Market expansion plans include entering two new regions, which are projected to increase market share by 10%[105]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of 300 million in potential acquisitions[105]. Operational Efficiency and Cost Management - The company implemented a series of cost reduction and efficiency enhancement measures, including financial management improvements and budget management, aiming to lower controllable costs throughout the year[39]. - The total cost of raw materials for the current period is ¥9,754,848,297.17, a decrease of 4.26% compared to the previous year's ¥10,188,651,233.71[58]. - Operating expenses were controlled at 300 million, reflecting a 5% reduction from 2020[105]. - The company is focused on enhancing governance levels and implementing corrective measures to improve internal management[154]. Market and Industry Position - The company is focusing on enhancing its resource procurement and pricing power in response to market reforms and increasing competition in the gas industry[36]. - The company aims to improve resource allocation efficiency by integrating various gas sources, including domestic and international supplies[36]. - The company is actively exploring new gas sources to ensure supply stability, including cooperation with major oil companies[47]. - The company is focusing on expanding its market presence by leveraging its regional mid-pressure ring network to enhance terminal market development[38]. Risk Management and Compliance - The company has outlined potential risks in its report, advising investors to be aware of investment risks associated with future plans and strategies[7]. - The company faces risks including policy shifts towards clean energy, increased market competition, and safety production risks related to gas supply[93]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[95]. - The company has implemented a compliance management system across its subsidiaries to enhance control capabilities[97]. Corporate Governance and Management - The board of directors consists of 11 members, including 4 independent directors, and has held 9 meetings during the reporting period[96]. - The company has a diverse board with a mix of independent and non-independent directors, ensuring a balanced governance structure[102]. - The total compensation for Liu Liantao, the Vice Chairman and General Manager, was 30.76 million CNY for the reporting period[102]. - The company has implemented a robust rural assistance program, focusing on poverty alleviation and rural revitalization, including activities like consumer support for agricultural products[164]. Sustainability and Social Responsibility - The company emphasizes environmental protection and has adopted measures to reduce carbon emissions, playing a significant role in the transition to a low-carbon economy[159]. - The company is dedicated to fulfilling its social responsibilities, including ensuring gas supply for residents and supporting poverty alleviation efforts[160]. - The company is committed to maintaining the "Four No Deductions" policy during the transition period to prevent poverty rebound, ensuring essential needs are met for villagers[164]. Future Outlook - The company provided guidance for the next fiscal year, expecting revenue growth of 10% to 12%[107]. - The company is actively monitoring international energy price trends to mitigate risks associated with price volatility[85]. - Overall, the company remains optimistic about future growth, citing strong demand and a robust product pipeline[107].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 4.66 billion, representing a 6.50% increase compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company reached approximately CNY 31.29 million, a significant turnaround from a net loss of CNY 278.52 million in the previous year, marking an increase of 111.23%[19]. - The net cash flow from operating activities increased by 200.06% to approximately CNY 1.09 billion, driven by higher cash receipts from sales of goods and services[19]. - Basic earnings per share for the first half of 2021 were CNY 0.02, a significant improvement from a loss of CNY 0.26 per share in the same period last year, reflecting an increase of 107.69%[20]. - The weighted average return on net assets improved to 0.84%, an increase of 8.47 percentage points compared to the previous year[20]. - Operating costs decreased by 1.47% to approximately ¥3.70 billion from ¥3.76 billion, primarily due to a reduction in the procurement price of natural gas[39]. - The company reported a significant reduction in non-recurring losses, decreasing from approximately 431.39 million RMB to 186.44 million RMB, a 56.78% improvement[109]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 27.82 billion, a slight decrease of 0.16% compared to the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 35.92% to approximately CNY 4.10 billion[19]. - Total liabilities decreased to CNY 23.29 billion from CNY 24.65 billion, a reduction of about 5.5%[114]. - Short-term borrowings decreased significantly to CNY 4.78 billion from CNY 6.49 billion, a decline of approximately 26.3%[114]. - The company's total liabilities at the end of the reporting period are CNY 3,805,842,066.17, reflecting a manageable debt level[137]. Market and Operational Strategy - The increase in operating revenue was primarily attributed to a rise in natural gas sales volume during the reporting period[21]. - The company aims to achieve a coal-derived gas production target of 20 billion cubic meters by 2022, positioning itself as a national unconventional natural gas base[29]. - The company is focused on expanding its market presence through a professional urban gas management platform, enhancing its market cultivation capabilities[31]. - The company is actively pursuing external collaborations with entities such as PetroChina and Snam to explore opportunities in oil and gas resource development and energy transition[36]. - The company is focusing on enhancing its market share and brand effect within Shanxi Province by prioritizing the acquisition of gas operating licenses[34]. Environmental and Safety Measures - The company is actively implementing environmental protection measures, including pollution prevention and resource conservation strategies[55]. - The company has committed to reducing carbon emissions by engaging in industry and government research on emission reduction policies[59]. - The company has implemented measures to prevent noise pollution and manage solid waste effectively during construction activities[57]. - The company plans to enhance safety management and emergency response mechanisms to address risks associated with pipeline operations[48]. - The company is committed to maintaining pandemic prevention measures to ensure stable production and operations amid potential COVID-19 outbreaks[48]. Corporate Governance and Compliance - The company did not distribute profits or increase capital reserves during this reporting period[4]. - There were significant changes in the board of directors, including the election of two new directors and the resignation of several key executives[52]. - The company has not disclosed any new significant related party transactions during the reporting period[72]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[71]. - The company is committed to transparency and compliance, as evidenced by its adherence to regulatory requirements during capital increases and acquisitions[144]. Shareholder and Capital Structure - The company issued 293,330,434 new shares to its controlling shareholder, Huaxin Gas Group, as part of a private placement[83]. - The total number of shares after the issuance is 1,377,994,126, with the new shares representing 21.29% of the total[81]. - The top shareholder, Huaxin Gas Group Co., Ltd., holds 636,526,026 shares, representing 46.19% of the total shares, with 293,330,434 shares being subject to a lock-up period until March 4, 2024[89]. - The company has no significant changes in shareholder structure or stock changes during the reporting period[80]. - The company completed a private placement of 293,330,434 shares, resulting in a change in basic and diluted earnings per share from -0.70 CNY to -0.57 CNY, and a decrease in net asset value per share from 2.78 CNY to 2.27 CNY[84]. Financial Instruments and Accounting Policies - The company classifies financial assets into three categories: those measured at amortized cost, those measured at fair value with changes recognized in other comprehensive income, and those measured at fair value with changes recognized in profit or loss[182]. - Financial assets measured at amortized cost include cash, receivables, and loans, which are recognized using the effective interest method[183]. - The company recognizes interest income on financial assets based on their amortized cost multiplied by the effective interest rate, except for credit-impaired assets[183]. - Financial liabilities are classified at initial recognition based on the contractual terms and economic substance, not just legal form[188]. - The company ensures that all accounting treatments for joint ventures comply with relevant accounting standards, maintaining transparency and accuracy in financial reporting[177].

Financial Performance - Revenue for the first quarter was ¥3.01 billion, representing a year-on-year growth of 5.44%[6]. - Net profit attributable to shareholders of the listed company was ¥78.72 million, a turnaround from a loss of ¥45.45 million in the same period last year, marking a growth of 273.22%[6]. - Basic earnings per share for the period was ¥0.0726, compared to a loss of ¥0.0419 in the previous year, reflecting an increase of 273.27%[6]. - Total operating revenue for Q1 2021 was CNY 3,011,065,812.60, an increase of 5.4% compared to CNY 2,855,653,308.98 in Q1 2020[22]. - Total operating costs for Q1 2021 were CNY 2,980,770,799.63, a decrease of 0.5% from CNY 2,995,840,425.54 in Q1 2020[22]. - Net profit for Q1 2021 was CNY 34,593,490.12, compared to a net loss of CNY 72,752,244.38 in Q1 2020, representing a significant turnaround[23]. - The company reported an operating profit of CNY 103,250,220.78 in Q1 2021, compared to an operating loss of CNY 40,456,991.12 in Q1 2020[23]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥27.90 billion, a slight increase of 0.13% compared to the end of the previous year[6]. - Total liabilities decreased from CNY 24,647,359,025.88 in Q1 2020 to CNY 23,581,429,291.04 in Q1 2021, a reduction of approximately 4.3%[19]. - Total assets increased from CNY 6,294,221,966.94 in Q1 2020 to CNY 9,337,324,065.17 in Q1 2021, representing a growth of approximately 48.4%[21]. - Current liabilities decreased from CNY 12,670,748,103.48 in Q1 2020 to CNY 11,976,427,126.50 in Q1 2021, a decline of about 5.5%[19]. - Non-current liabilities decreased from CNY 11,976,610,922.40 in Q1 2020 to CNY 11,605,002,164.54 in Q1 2021, a decrease of approximately 3.1%[19]. - The company reported a total of CNY 1,940,009,187.88 in other payables in Q1 2021, compared to CNY 157,962,848.33 in Q1 2020, indicating a significant increase[21]. Cash Flow - Operating cash flow net amount for the period was ¥413.24 million, a significant increase of 244.09% compared to the same period last year[6]. - Cash inflow from operating activities for Q1 2021 was CNY 2,342,304,348.98, an increase from CNY 2,117,328,934.21 in Q1 2020[29]. - Cash outflow from operating activities totaled CNY 1,929,061,169.17 in Q1 2021, compared to CNY 2,404,121,065.67 in Q1 2020[29]. - Net cash flow from operating activities was CNY 413,243,179.81, a significant improvement from a negative CNY 286,792,131.46 in Q1 2020[29]. - Cash flow from investing activities was negative CNY 128,013,167.87, an improvement from negative CNY 191,660,767.32 in Q1 2020[30]. - Cash flow from financing activities was negative CNY 547,305,446.13, compared to positive CNY 1,214,196,068.08 in Q1 2020[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 38,634[10]. - The top shareholder, Huaxin Gas Group Co., Ltd., held 46.19% of the shares, totaling 636,526,026 shares[10]. - The company reported a total equity of CNY 6,260,209,072.64 in Q1 2021, up from CNY 5,231,402,105.13 in Q1 2020, showing improved shareholder value[22]. Expenses and Investments - Research and development expenses grew by 194.06% to CNY 2,259,292.66 from CNY 768,303.74[11]. - Investment income improved by 75.51%, with losses reduced to CNY -3,406,809.37 from CNY -13,912,131.09[11]. - The company reported non-recurring gains and losses totaling ¥58.28 million for the period[9]. - Financial expenses for Q1 2021 were CNY 215,743,433.08, a decrease from CNY 244,676,741.85 in Q1 2020, reflecting improved cost management[22].