Financial Performance - The company's operating revenue for 2014 was CNY 442,890,181.30, a decrease of 3.71% compared to CNY 459,968,228.56 in 2013[20] - The net profit attributable to shareholders for 2014 was CNY 17,169,150.58, down 56.09% from CNY 39,098,889.03 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 14,776,308.55, a decrease of 14.44% from CNY 17,270,239.16 in 2013[20] - The basic earnings per share for 2014 was CNY 0.061, a decline of 65.14% compared to CNY 0.175 in 2013[20] - Operating profit fell significantly by 58.22% to ¥20,223,780.98, down from ¥48,400,425.03 in the previous year[28] - Net profit decreased by 56.09% to ¥17,169,150.58, compared to ¥39,098,889.03 in 2013[28] Revenue Breakdown - The retail business revenue declined by ¥23,718,100.00, primarily due to increased competition from nearby shopping centers and the rapid development of e-commerce[29] - The urban pipeline gas segment saw an increase in revenue by ¥171,820.00, attributed to a rise in user numbers and connection fee income[29] - The company reported a significant increase in liquefied gas revenue by 403.16%, reflecting the initiation of liquefied gas operations[34] - Retail business revenue decreased by 7.41% to ¥296,216,263.56, while the cost of sales decreased by 7.50% to ¥246,601,555.19, resulting in a gross margin of 16.75%[46] - Urban pipeline gas revenue increased by 1.79% to ¥97,915,585.63, with a cost of sales increase of 13.18% to ¥56,365,861.38, leading to a gross margin of 42.43%[46] Cash Flow and Assets - The net cash flow from operating activities for 2014 was CNY 23,065,716.16, an increase of 13.18% compared to CNY 20,378,915.27 in 2013[20] - Total operating cash inflow decreased by 6.55% to ¥509,604,525.68, while total operating cash outflow decreased by 7.32% to ¥486,538,809.52, resulting in a net cash flow from operating activities of ¥23,065,716.16, an increase of 13.18%[43] - The company's total assets included cash and cash equivalents of ¥223,264,580.76, accounting for 29.05% of total assets, a decrease from 41.06% in the previous year[48] - The total assets at the end of 2014 were CNY 768,674,284.95, a decrease of 15.15% from CNY 905,953,713.39 at the end of 2013[20] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares to all shareholders[4] - The company distributed a cash dividend of CNY 0.70 per 10 shares for the 2013 fiscal year, totaling CNY 19,595,814.14[90] - For the 2014 fiscal year, the company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 5,598,804.04[91] - The company has a total share capital of 279,940,202 shares, with no stock bonus or capital increase planned[96] - The largest shareholder, Tianjin Datong Investment Group Co., Ltd., holds 38.68% of the shares, totaling 108,280,659 shares, with 102,130,000 shares pledged[137] Operational Strategy and Market Conditions - The company has maintained a focus on stable core business operations while exploring effective paths for expanding industry scale and profitability[27] - The company faces risks from upstream gas supply price fluctuations and competition from e-commerce impacting retail sales[78] - The company aims to actively seek merger and acquisition opportunities in the gas business to enhance sustainable development and profitability[75] - The gas segment plans to ensure safety production while expanding business scale and improving service quality to achieve steady growth in gas sales[76] - The retail segment will leverage its diversified operations and innovate marketing models to enhance customer satisfaction and explore e-commerce opportunities[76] Internal Control and Governance - The company has established a governance structure that complies with the Company Law and relevant regulations, ensuring clear responsibilities and checks and balances[167] - No significant internal control deficiencies were reported during the evaluation period, indicating effective internal control systems[190] - The internal control audit report confirmed that the company maintained effective internal controls related to financial reporting as of December 31, 2014[192] - The audit committee ensured the smooth execution of the 2014 annual audit, coordinating with the auditing firm on the timeline and reviewing financial statements[179] Auditor and Financial Reporting - The company appointed Sichuan Huaxin (Group) CPA as the auditor, with an audit fee of CNY 500,000, and has maintained this auditor for 17 consecutive years[125] - The company received a standard unqualified audit opinion for the financial statements as of December 31, 2014[195] - The financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2014[200] - The audit included evaluating the appropriateness of accounting policies and the reasonableness of accounting estimates made by management[199] Employee and Management Information - The company employed a total of 1,059 staff members, including 784 production personnel and 70 technical personnel[163] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1.9752 million[158] - The annual salary for the general manager was adjusted to CNY 390,000, while the executive vice president and other senior management received CNY 360,000 each[157] - The company has not experienced any changes in its core technical team or key technical personnel during the reporting period[162]

Financial Performance - Net profit attributable to shareholders decreased by 72.37% to CNY 5,657,185.80 for the current period[8] - Operating revenue increased by 0.95% to CNY 96,575,009.91 for the current period[8] - Basic earnings per share decreased by 78.26% to CNY 0.02 for the current period[8] - Operating profit fell by 70.28% to 8,522,687.85 CNY, primarily due to a decrease in investment income and financial expenses[21] - Net profit decreased by 66.11% to 7,775,593.54 CNY, attributed to a decline in operating profit[21] - Investment income dropped by 96.64% to 816,499.24 CNY, as there were no significant gains from equity transfers in the current period[21] Cash Flow and Assets - Total assets decreased by 17.04% to CNY 751,561,580.93 compared to the end of the previous year[8] - Net cash flow from operating activities decreased by 50.95% to CNY -2,019,639.62 year-to-date[8] - The company's cash and cash equivalents decreased by 1005.33% to -163,356,073.69 CNY due to significant cash outflows from financing activities[23] - The company reported a 50.95% improvement in net cash flow from operating activities, which amounted to -2,019,639.62 CNY[22] - Accounts receivable decreased by 75.27% to 2,910,207.47 CNY, primarily due to the collection of receivables from Dinglong Clothing[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,594[12] - The largest shareholder, Tianjin Datong Investment Group Co., Ltd., holds 38.68% of the shares[12] - There were no significant changes in shareholder agreements or repurchase transactions during the reporting period[13] Financial Management - The weighted average return on net assets decreased by 5 percentage points to 0.87%[8] - Financial expenses decreased by 77.94% to 1,673,094.34 CNY, mainly due to reduced borrowing interest expenses and increased deposit interest income[21] - Short-term borrowings decreased by 98.81% to 700,000.00 CNY, as the company repaid short-term loans according to fundraising purposes[20] Government Support and Commitments - The company received government subsidies amounting to CNY 2,000,000.00 related to gas subsidies[9] - The company has made commitments to avoid competition and lock up shares for 36 months following the issuance of new shares[24] - The company has no significant changes in the scope of consolidation as per the revised accounting standards[17]

Financial Performance - The company reported a revenue of CNY 206,780,673.33, a decrease of 6.45% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY 2,118,407.74, down 14.24% year-on-year[20]. - Basic earnings per share decreased by 27.27% to CNY 0.008[20]. - The company's operating revenue for the reporting period was ¥206,780,673.33, a decrease of 6.45% compared to ¥221,049,230.80 in the same period last year, primarily due to a reduction in retail business revenue while urban pipeline gas revenue increased[30]. - Operating profit for the period was CNY 3,058,106.97, a decline of 26.4% from CNY 4,156,733.65 in the previous period[109]. - The net profit for the current period was CNY 4,089,759.07, significantly higher than CNY 8,428.05 in the previous period, indicating a substantial improvement[113]. - The company reported a total profit of CNY 5,238,028.68, compared to a loss of CNY 34,040.98 in the previous period, marking a turnaround in profitability[113]. Cash Flow - The net cash flow from operating activities was negative CNY 9,130,350.95, representing an 81.00% decline compared to the previous year[20]. - The net cash flow from operating activities was -¥9,130,350.95, a decrease of 81.00% compared to -¥5,044,331.11 in the previous year, primarily due to a reduction in cash received from sales[30]. - The net cash flow from financing activities was -¥137,243,937.08, a significant increase of 976.52% compared to -¥12,748,900.28, primarily due to net outflows from bank loans and cash dividends paid for the 2013 fiscal year[30]. - Cash flow from operating activities showed a net outflow of CNY 9,130,350.95, worsening from a net outflow of CNY 5,044,331.11 in the previous period[116]. - The company experienced a significant decrease in cash flow from investment activities, with a net outflow of CNY 175,593,680.04[122]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 744,254,934.41, a decrease of 17.85% from the end of the previous year[20]. - Current liabilities decreased significantly to CNY 93,982,728.12 from CNY 184,589,316.95, a reduction of 49.2%[105]. - The total current assets decreased from 456,097,273.02 RMB to 287,149,276.64 RMB, a decrease of about 37.1%[103]. - The total equity attributable to shareholders decreased to CNY 649,844,875.82 from CNY 667,322,282.22, a reduction of 2.9%[105]. Investments - The company has committed a total investment of CNY 29,239.51 million, with an actual investment of CNY 18,262.12 million, representing 62.34% of the planned investment[46]. - The company reported an investment income of ¥830,889.38, a substantial increase of 2,654.95% compared to -¥32,520.82 in the previous year, mainly due to dividends received from China Railway Trust Co., Ltd.[30]. - The company raised RMB 299,999,999.00 through a private placement of 56,603,773 shares at a price of RMB 5.3 per share, increasing its registered capital and capital reserve[133]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,912[91]. - The largest shareholder, Tianjin Datong Investment Group, holds 38.68% of shares, totaling 108,280,659 shares[91]. - The total number of shares increased from 223,336,429 to 279,940,202 due to a non-public issuance of 56,603,773 shares[88]. Corporate Governance - The company maintains compliance with corporate governance standards and has effective internal control systems in place[60]. - The financial report was approved by the board of directors on August 14, 2014, during the 27th meeting of the 9th board[135]. - The company has no major litigation or arbitration matters during the reporting period[61]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition and operating results[137]. - The company has not changed its major accounting policies or estimates during the reporting period[192]. - The company recognizes financial assets when the ownership risks and rewards are transferred to the transferee, and terminates recognition when control is relinquished[148]. Employee Compensation - Employee compensation includes various forms of remuneration and related expenses, such as wages, bonuses, and social insurance contributions[199]. - The company participates in the local government-mandated employee social security system, with insurance fees typically based on a percentage of total wages[200].

Financial Performance - The company's operating revenue for Q1 2014 was ¥109,968,426.41, a decrease of 6.86% compared to ¥118,068,658.02 in the same period last year[8] - Net profit attributable to shareholders was ¥318,893.57, down 44.21% from ¥571,557.53 in the previous year[8] - Basic and diluted earnings per share were both ¥0.001, representing a decrease of 66.67% from ¥0.003 in the previous year[8] - Total assets at the end of the reporting period were ¥819,492,105.35, down 9.54% from ¥905,953,713.39 at the end of the previous year[8] - The company's weighted average return on equity was 0.05%, a decrease of 0.12 percentage points from 0.17% in the previous year[8] Cash Flow - The net cash flow from operating activities was -¥13,558,172.23, a decline of 6.52% compared to -¥12,728,417.79 in the same period last year[8] - The net cash flow from operating activities for Q1 2014 was -13,558,172.23, a decrease of 6.52% compared to -12,728,417.79 in Q1 2013, primarily due to reduced sales receipts and the absence of land value-added tax payments this period[23] - The net cash flow from investing activities improved to -6,181,175.01, a 9.48% increase from -6,828,867.55 in the same period last year, mainly due to decreased payments for pipeline construction[23] - The net cash flow from financing activities significantly worsened to -65,086,823.98, a decline of 293.29% compared to -16,549,182.91 in Q1 2013, attributed to increased net outflow from bank loans and reduced interest payments[23] Accounts and Borrowings - Accounts receivable decreased by 59.82% to ¥4,728,469.60 from ¥11,768,612.10 due to the recovery of receivables from Dinglong Clothing[17] - Short-term borrowings decreased by 98.81% to ¥700,000.00 from ¥58,700,000.00 as a result of loan repayments during the reporting period[17] Expenses - Sales expenses increased by 39.47% to ¥16,101,167.05 compared to ¥11,544,756.26 in the previous year[20] - Financial expenses decreased by 59.61% to ¥1,072,371.60 from ¥2,655,350.98 due to reduced interest expenses on borrowings and increased interest income from deposits[20] Shareholder Actions - The company raised a net amount of 292,395,111.89 CNY from a private placement of 56,603,773 shares to its controlling shareholder, Tianjin Datong Investment Group, on December 24, 2013[24] - As of April 1, 2014, the company had utilized 111,221,179.62 CNY of the raised funds to repay bank loans, completing its repayment plan[24] - The company plans to distribute a cash dividend of 0.70 CNY per share (including tax) to all shareholders, as approved in the 2013 annual general meeting[25] Corporate Governance - The company has committed to avoid competition and reduce related party transactions during its public offering or refinancing, with a long-term commitment made on January 9, 2014[26] - The company has a lock-up commitment for shares issued in the recent placement, prohibiting transfer or repurchase for 36 months from the issuance date[26] Future Outlook - There are no significant changes expected in the company's net profit for the first half of 2014 compared to the previous year[27] - The company engaged in regular communication with investors regarding its periodic report disclosures during the reporting period[27]

Financial Performance - The company's operating revenue for 2013 was CNY 459,968,228.56, representing a 2.12% increase compared to CNY 450,426,626.75 in 2012[21] - Net profit attributable to shareholders for 2013 was CNY 39,098,889.03, a significant increase of 139.37% from CNY 16,333,841.28 in 2012[21] - The net profit after deducting non-recurring gains and losses was CNY 17,270,239.16, up 46.29% from CNY 11,805,539.81 in the previous year[21] - Basic earnings per share rose to CNY 0.18, a 157.14% increase compared to CNY 0.07 in 2012[21] - Operating profit surged by 164.66% to CNY 48,400,425.03, primarily due to the transfer of 11.93% equity in Xintian Investment, which generated a profit of CNY 24,461,500[29] - Net profit rose by 140.63% to CNY 39,098,889.03, driven by the increase in operating profit and corresponding income tax provisions[28] - The company reported a net profit increase of 332.77 million yuan, representing a growth of 282% compared to the previous year, driven by increased user gas supply revenue and collection efforts at its subsidiary Dalian New Century Gas Co., Ltd.[68] - The company achieved a net profit of CNY 17,942,238.11, with a distributable profit of CNY 16,148,014.30 after deducting the statutory surplus reserve[76] Cash Flow and Assets - The net cash flow from operating activities increased by 59.18% to CNY 20,378,915.27 from CNY 12,802,322.03 in 2012[21] - Cash flow from investing activities generated a net inflow of ¥32,446,364.13, a significant improvement from a net outflow of ¥19,412,367.50[189] - Cash flow from financing activities yielded a net inflow of ¥251,276,542.36, compared to a net outflow of ¥31,328,218.68 in the previous year[189] - As of the end of 2013, cash and cash equivalents amounted to ¥372,027,408.85, representing 41.06% of total assets, a significant increase of 30.23% compared to the end of 2012[52] - The total assets of the company at the end of the year were CNY 667,322,282.22[198] - The company's cash and cash equivalents rose significantly to CNY 372,027,408.85 from CNY 67,925,587.09, marking an increase of about 448.5%[176] Dividends and Shareholder Returns - The board proposed a cash dividend of CNY 0.70 per 10 shares, maintaining a stable dividend policy for shareholders[4] - The proposed cash dividend is CNY 0.70 per 10 shares, totaling CNY 19,595,814.14, which represents 50.12% of the net profit attributable to shareholders in 2013[81] - The cumulative distributable profit available for shareholders as of the end of 2013 was CNY 24,311,404.03[81] - The company distributed a total of CNY 13,400,185.74 in cash dividends in 2012, which was 82.04% of that year's net profit[78] Operational Developments - The company plans to continue expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[12] - The company aims to maintain stable retail performance amid intense competition by diversifying its service offerings[56] - The company is actively promoting the "Hualian Department Store" brand to enhance customer satisfaction and is expanding its e-commerce efforts[55] - The company plans to enhance operational efficiency and cost management in its urban pipeline gas business while focusing on diversifying its user structure, particularly targeting industrial users and transportation clients.[72] Governance and Compliance - The company has established an investor consultation hotline to enhance communication with investors[87] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finance[154] - The independent directors did not raise any objections to company matters during the reporting period, indicating a consensus on management decisions[147] - The company complies with the governance requirements set by the Company Law and the China Securities Regulatory Commission[142] Risk Management - The company emphasizes the importance of internal control system development to mitigate operational risks and enhance management standards.[73] - The company reported no significant internal control deficiencies during the reporting period, indicating effective internal control measures[162] - There were no reported risks identified by the supervisory board during their oversight activities in the reporting period[153] Shareholder Structure - The largest shareholder, Tianjin Datong Investment Group Co., Ltd., holds 23.14% of the shares, amounting to 51,676,886 shares, with 51,670,000 shares pledged[117] - The company had a total of 43,365 shareholders at the end of the reporting period, an increase from 41,615 at the end of the previous year[117] - The company’s registered capital increased from CNY 223,336,429.00 to CNY 279,940,202.00 following a non-public issuance of shares[104] Employee and Management Information - The total number of employees at the company is 1,083, with 74% being production personnel[136] - The company has a total remuneration of 192.40 million yuan for directors, supervisors, and senior management during the reporting period[133] - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[134]