Financial Performance - The company's operating revenue for the first half of 2020 was ¥4,880,802,800.20, a decrease of 6.11% compared to the same period last year[20] - The net profit attributable to shareholders was ¥252,653,974.58, representing an increase of 10.57% year-on-year[20] - The net cash flow from operating activities was ¥874,148,719.00, down by 5.01% from the previous year[20] - Basic earnings per share were ¥0.2272, reflecting a growth of 10.56% compared to the same period last year[20] - The net profit after deducting non-recurring gains and losses was ¥237,451,010.50, an increase of 6.08% year-on-year[20] - The total sales of natural gas reached 3.264 billion cubic meters, a year-on-year decrease of 2.21%[48] - The operating revenue was 4.881 billion yuan, a year-on-year decrease of 6.11%[48] - The net profit attributable to shareholders was 253 million yuan, an increase of 10.57% year-on-year[48] - The company’s investment income was 13,380,010.05 yuan, a 216.50% increase compared to the previous year[54] - The company’s operating cash flow net amount was 873,988,719.00 yuan, a decrease of 5.02% year-on-year[54] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥12,751,655,432.30, an increase of 2.11% from the end of the previous year[20] - The company's net assets attributable to shareholders were ¥6,065,679,768.65, a decrease of 1.04% compared to the end of the previous year[20] - The company's fixed assets decreased by CNY 15,207,000, a reduction of 2.04%, primarily due to depreciation and the commissioning of new pipelines[34] - The company's fixed assets amounted to ¥7,310,552,622.38, representing 57.33% of total assets, a decrease of 2.84% from the previous period[65] - The long-term equity investment increased to ¥688,137,753.51, reflecting a growth of 5.40% compared to ¥641,278,443.64 in the previous period[65] - The short-term loans decreased to ¥996,000,000.00, accounting for 7.81% of total liabilities, down by 2.99% from the previous period[65] Acquisitions and Investments - The company acquired a 51% stake in Weinan Natural Gas Co., Ltd., which was included in the consolidated financial statements from April 9, 2020[21] - The company successfully acquired a 51% stake in Weinan Natural Gas, expanding its urban gas market coverage to 32.71% across 107 districts and counties in Shaanxi Province[32] - The total investment amount for the reporting period was ¥300,643,763.19, a decrease of 33.99% compared to ¥455,450,800.00 in the same period last year[67] - The cumulative actual investment for the gas pipeline project reached ¥54,098,180.00, with a project progress of 66.77%[79] Operational Efficiency - The company has reduced costs by 9.35% year-on-year through efficiency improvements and budget execution analysis[51] - Main business costs amounted to 4,390,774,939.63 yuan, down 6.13% year-on-year[54] - Financial expenses decreased by 32.62% to 55,071,794.86 yuan due to a reduction in interest-bearing debt and financing costs[54] - The company achieved a main business revenue of 4,880,802,800.20 yuan, a decrease of 6.11% compared to the same period last year[54] Legal and Compliance Issues - The company is actively pursuing the collection of overdue payments from Xilan Company, with a total amount of 138.06 million yuan involved in litigation[106] - The company has been involved in multiple legal disputes, including a claim for 1,020 million yuan against Send Mining for compensation, which is currently under appeal[112] - The company has faced a total arbitration claim of 28.872124 million yuan from Shaanxi Gaoke due to contract violations, with a court ruling requiring payment of 11.7446 million yuan plus interest[113] - The company is pursuing legal action to recover assets from Send Mining, which has refused to deliver compensation for damages[112] Related Party Transactions - The company reported a total related party transaction amount of 86,088.58 thousand yuan, accounting for 20.63% of similar transaction amounts[127] - The company engaged in the purchase of natural gas from Shaanxi Yanchang Petroleum (Group) Co., Ltd. at government pricing and market pricing[127] - The company has a related party transaction amount of 12,737.33 thousand yuan from the sale of natural gas to Tongchuan Natural Gas Co., Ltd., representing 2.45% of similar transaction amounts[127] - The company disclosed its related party transactions in the 2020 annual report, with specific details available in the announcement number 2020-017[127] Strategic Initiatives - The company plans to accelerate mergers and acquisitions in the urban gas sector to enhance market integration and extend its industrial chain[92] - The company is positioned to benefit from national policies promoting natural gas utilization, with plans for natural gas to account for 13% of primary energy consumption in Shaanxi Province by 2020[39] - The company expects to maintain its strategic focus on expanding its market share in the natural gas sector through ongoing investments and partnerships[143] Social Responsibility and Community Engagement - The company plans to invest over RMB 38 million in poverty alleviation projects in the Yan'an area by the end of 2020[168] - The company has implemented various poverty alleviation projects, including establishing a consumption poverty alleviation platform and providing employment opportunities for 8 impoverished households[171] - A total of eight individuals from registered impoverished households achieved employment through vocational training initiatives[172] - The company allocated a total of 1.04 million yuan for poverty alleviation efforts, helping 11 registered impoverished individuals to escape poverty[172]

Financial Performance - The company's operating revenue for Q1 2020 was ¥3,475,513,183.20, a decrease of 7.71% compared to ¥3,765,705,508.89 in the same period last year[7] - Net profit attributable to shareholders was ¥283,172,373.35, down 6.18% from ¥301,839,852.24 year-on-year[7] - Basic earnings per share were ¥0.2546, reflecting a decline of 6.19% from ¥0.2714 in the same period last year[7] - Net profit for the current period is CNY 285,857,870.14, compared to CNY 302,963,971.18 in the previous period, reflecting a decrease of approximately 5.67%[58] - The company's total revenue for the current period is approximately ¥3.30 billion, a decrease of 8.8% from ¥3.62 billion in the previous period[62] - Net profit for the current period is approximately ¥260.08 million, a decrease of 8.3% from ¥283.78 million in the previous period[67] Cash Flow - The net cash flow from operating activities decreased significantly by 51.08%, amounting to ¥576,953,870.66 compared to ¥1,179,469,074.86 in the previous year[7] - Cash flow from operating activities for the current period is approximately ¥576.95 million, down 51.0% from ¥1.18 billion in the previous period[69] - Operating cash flow for the current period was ¥531,605,408.90, a decrease of 52.8% compared to ¥1,124,305,127.31 in the previous period[78] - Cash received from operating activities was ¥3,272,506,690.19, a decrease of 16.7% from ¥3,931,829,804.69[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,903,303,473.58, a decrease of 1.07% from ¥12,031,772,832.46 at the end of the previous year[7] - Total liabilities decreased from ¥5,859,490,512.27 to ¥5,398,066,111.94, a reduction of approximately 7.9%[43] - Current assets decreased from ¥1,767,558,015.87 to ¥1,621,730,118.21, a decline of approximately 8.2%[37] - Total liabilities amounted to ¥5,859,490,512.27, remaining stable compared to the previous period[86] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,170[10] - The largest shareholder, Shaanxi Gas Group Co., Ltd., held 55.36% of the shares, totaling 615,650,588 shares[10] - Net assets attributable to shareholders increased by 5.50%, reaching ¥6,319,481,792.37 compared to ¥5,990,079,157.94 at the end of the previous year[7] Investment and Expenses - Investment income surged by 1568.80% to RMB 20,761,924.98 from RMB 1,244,122.04 due to increased profits from joint ventures[21] - Financial expenses decreased by 31.32% to RMB 28,298,738.99 from RMB 41,204,908.04 due to a reduction in interest-bearing liabilities and financing costs[21] - The company incurred a credit impairment loss of approximately ¥12.31 million, compared to ¥4.91 million in the previous period, indicating increased credit risk[65] Other Financial Metrics - The company received government subsidies amounting to ¥1,558,557.73 during the reporting period[7] - The company reported a 355.12% increase in taxes payable to RMB 62,665,313.23 from RMB 13,768,993.89 due to increased turnover tax[21] - The company reported a decrease in tax expenses to CNY 9,299,866.31 from CNY 20,177,389.18 in the previous period[55]

Financial Performance - The company's operating revenue for 2019 was ¥9,582,081,343.77, representing a 6.55% increase compared to ¥8,999,288,324.24 in 2018[19] - The net profit attributable to shareholders of the listed company was ¥446,974,452, an increase of 11.89% from ¥404,187,524 in 2018[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥436.74 million, an increase of 10.22% compared to the previous year[21] - The net cash flow from operating activities reached approximately ¥1.78 billion, representing a significant increase of 189.83% year-on-year[21] - Basic and diluted earnings per share were both ¥0.4019, reflecting an increase of 11.89% compared to the previous year[21] - The total assets of the company at the end of the year were approximately ¥12.03 billion, marking a growth of 2.88% from the previous year[21] - The net assets attributable to shareholders were approximately ¥5.99 billion, with a year-on-year increase of 6.79%[21] - The company reported a total operating revenue of 6,790,332,448.63 RMB for the current period, with a correction of -2,523,294.69 RMB, leading to a restated revenue of 6,787,809,153.94 RMB[140] - The net profit for the current period was reported at 591,259,564.89 RMB, adjusted down by -2,140,778.11 RMB, resulting in a restated net profit of 589,118,786.78 RMB[140] Dividend Distribution - The company plans to distribute a cash dividend of ¥2.00 per 10 shares, based on a total of 1,112,075,445 shares[4] - The company distributed a cash dividend of 222,415,089.00 yuan (including tax) for the year 2019, which represents 49.76% of the net profit attributable to ordinary shareholders[117] - The cash dividend policy for 2018 was approved on April 30, 2019, with a distribution of 1.00 yuan per 10 shares, totaling 111,207,544.50 yuan[112] - The cash dividend for 2017 was 3.00 yuan per 10 shares, amounting to 333,622,633.50 yuan, which was 86.18% of the net profit attributable to ordinary shareholders[114] - The total distributable profit for the year 2019 is reported at 2,785,007,534.53 yuan[118] - The company has maintained a consistent cash dividend distribution strategy over the past three years[116] - The cash dividend distribution is in compliance with the company's articles of association and relevant regulations[113] - The company did not issue any bonus shares or conduct capital reserve transfers during the reporting period[121] Business Operations - The company has not changed its main business since its listing, maintaining a focus on natural gas distribution[18] - The company operates over 40 natural gas pipelines with a total length exceeding 3,500 kilometers, achieving an annual gas transmission capacity of 16.5 billion cubic meters[32] - The company has expanded its urban gas business, covering 29.91% of the market in 107 districts and counties across Shaanxi Province[32] - The company plans to enhance infrastructure to increase natural gas penetration rates and develop industrial users based on regional development conditions[32] - The company’s gas consumption in Shaanxi province is projected to grow significantly due to ongoing "coal-to-gas" initiatives and increasing demand from new industrial users[36] - The company holds a market share of nearly 60% in the natural gas consumption sector within Shaanxi province, indicating a strong regional competitive advantage[40] - The company has established 7 CNG refueling stations and a liquefied natural gas (LNG) company to enhance emergency storage capacity, alleviating winter gas supply pressures[33] Research and Development - Research and development expenditure amounted to 48.47 million yuan, a significant increase of 190.38% year-on-year[51] - The company completed 13 technology research projects, including a gas pipeline system analysis platform and smart gas meter key system[50] - The number of R&D personnel rose to 106, a 116.33% increase from the previous year, with R&D investment amounting to ¥48,470,552.68, up 270.68%[74] - The proportion of R&D investment to operating revenue increased to 0.51%, up from 0.15% in the previous year[74] Financial Adjustments and Corrections - The company reported a correction in accounting errors that required restating previous years' financial data[19] - The company corrected accounting errors from previous years, resulting in a cumulative reduction of operating income by approximately ¥42.37 million and net profit by approximately ¥34.55 million[23] - The company identified accounting errors leading to a cumulative adjustment of operating revenue by -42,367,679.67 RMB and a net profit adjustment of -34,552,353.61 RMB for the years 2015 to 2018[138] - The company's weighted average return on net assets was adjusted from 12.43% to 12.42% after the corrections[140] Legal and Compliance Issues - The company is currently involved in significant litigation with Xilan Company, with a total claim amount of ¥138,806,000[149] - The company has made provisions for bad debts totaling ¥102,989,200 related to receivables from Xilan Company[149] - The company has signed a settlement arbitration agreement with Shaanxi Gaoke, agreeing to pay 10.3233 million yuan for the Ankang urban gasification project, with 8.78 million yuan already paid[155] - The company has faced arbitration claims totaling 32.049595 million yuan from Shaanxi Gaoke due to alleged breaches of contract regarding the Ankang project[155] - The company has incurred administrative penalties totaling CNY 245,589.20 for various infractions related to land use and project approvals[167] Strategic Initiatives - The company emphasizes the importance of risk awareness in its forward-looking statements regarding future plans and strategies[4] - The company intends to expand its urban gas business by increasing market share and conducting market consolidation through acquisitions and mergers[101] - The company is actively exploring new business models to improve service capabilities and market competitiveness in industrial and commercial sectors[101] - The company is committed to enhancing cooperation with local enterprises and promoting interconnectivity with neighboring provinces' gas pipelines[105] - The company emphasizes the importance of high-quality development and precise management in its strategic planning[100] Related Party Transactions - The company engaged in related transactions with its controlling shareholder, including a capital increase and share expansion agreement[172] - The company purchased natural gas from related parties, with a transaction amount of 69,669,000 RMB, accounting for 8.33% of the total transaction amount[172] - The company sold natural gas to related parties, with a transaction amount of 26,712,000 RMB, accounting for 2.62% of the total transaction amount[172] - The company reported a total sales volume of natural gas at 11,966 million cubic meters, representing a 1.17% increase compared to the previous period[178] Operational Challenges - The company acknowledges risks related to concentrated gas supply sources, primarily relying on PetroChina and Shaanxi Yanchang Petroleum[102] - The company faces potential impacts from natural gas pipeline price adjustments due to ongoing reforms in the gas sector[104] - The company has been involved in multiple legal disputes, reflecting ongoing challenges in contract execution and compliance with financial obligations[152]

Financial Performance - Operating revenue for the reporting period was ¥1,372,898,664, a decrease of 9.40% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was ¥16,723,368, down 24.08% year-on-year[7]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,800,908, representing a decrease of 16.97% compared to the same period last year[7]. - Basic earnings per share were ¥0.0150, down 24.24% compared to the same period last year[7]. - The company's net profit for the reporting period was RMB 24,394.93 million, a decrease of 30.52% compared to the previous year[27]. - The company's net profit for the period was not explicitly stated, but the decrease in revenue and costs suggests a focus on maintaining profitability amidst declining sales[65]. - The net profit attributable to the parent company is CNY 16,723,367.96, down 24.00% from CNY 22,027,067.51 in the previous period[72]. - The total profit for the current period is CNY 21,629,926.04, a decrease of 15.00% from CNY 25,612,293.26 in the previous period[72]. - The company reported a net profit increase, with retained earnings rising to CNY 2,664,681,557.73 from CNY 2,536,906,570.54, an increase of about 5.0%[54]. - The company reported a significant increase in long-term equity investments to CNY 1,333,233,633.79, up from CNY 1,203,231,591.67, suggesting a strategic focus on long-term growth[58]. - The company incurred an asset impairment loss of CNY 93,778,589.55 in the current period[68]. - The company’s total profit for the current period was CNY 328,243,442.04, down from CNY 412,164,846.42 in the previous period[84]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,960,762,938, an increase of 2.02% compared to the end of the previous year[7]. - The company's total liabilities as of September 30, 2019, were CNY 5,954,009,522.87, slightly up from CNY 5,911,299,035.98 at the end of 2018[51]. - The company's total current liabilities were CNY 4,723,594,074.52, down from CNY 4,850,463,630.72, reflecting a decrease of approximately 2.6%[51]. - The company's total assets amounted to approximately $11.72 billion, remaining unchanged from the previous reporting period[119]. - Total liabilities were approximately $5.91 billion, consistent with the previous reporting period[119]. - The company's total equity stood at approximately $5.81 billion, unchanged from the previous reporting period[119]. - The company's long-term payables increased by 59.55% to RMB 78,219.98 million, attributed to new financing lease activities[27]. - The company's total accounts payable increased by 69.99% to RMB 204,488.87 million, attributed to reduced payments to upstream gas suppliers[27]. Cash Flow - Net cash flow from operating activities was ¥556,460,979, a significant increase of 1,196.48% year-on-year[7]. - The net cash flow from operating activities rose by 84.20% to RMB 148,386.06 million, driven by increased cash receipts from sales[30]. - The net cash flow from operating activities was CNY 1,483,860,634.45, up from CNY 805,550,631.87, representing an increase of about 84.0%[101]. - Cash inflows from operating activities totaled CNY 6,911,315,962.93, an increase of approximately 9.3% from CNY 6,324,330,857.29 in the previous period[97]. - The ending balance of cash and cash equivalents was CNY 854,442,959.73, down from CNY 1,210,194,634.90, reflecting a decrease of approximately 29.4%[103]. - Cash outflows from investing activities amounted to CNY 490,164,457.17, a decrease of approximately 25.0% compared to CNY 652,928,845.85 in the previous period[101]. - The company received CNY 6,820,847,939.30 from sales of goods and services, an increase from CNY 6,262,779,949.43 in the previous period, marking a growth of about 8.9%[97]. Research and Development - Research and development expenses increased by 72.61% to RMB 1,509.57 million, reflecting higher investment in R&D activities[27]. - Research and development expenses increased to CNY 15,095,699.53, up 72.5% from CNY 8,745,614.29 in the previous period[82]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,081[11]. - The largest shareholder, Shaanxi Gas Group Co., Ltd., held 55.36% of the shares[12]. - The company is undergoing a capital increase and share expansion process, with a strategic investor expected to hold 52.45% of the controlling shareholder after completion[32]. Other Financial Metrics - The weighted average return on net assets was 0.32%, a decrease of 0.17% year-on-year[7]. - The company's cash and cash equivalents decreased by RMB 4,889.61 million, a decline of 114.44% compared to the previous year, primarily due to debt repayments[30]. - The company reported a credit impairment loss of CNY 7,852,217.76 for the current period[68]. - Tax expenses for the current period were CNY 84,294,124.45, an increase from CNY 61,059,737.64 in the previous period[84].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 5,147,235,942.92, representing a 20.12% increase compared to CNY 4,285,002,247.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 31.98% to CNY 222,259,163.73 from CNY 326,735,666.91 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 217,603,987.81, down 33.26% from CNY 326,060,856.69 in the previous year[20]. - The basic earnings per share decreased by 31.96% to CNY 0.1999 from CNY 0.2938 in the previous year[20]. - The net profit for the period was ¥224,452,964.05, a decline of 31.94% from ¥329,774,690.86, attributed to reduced pipeline prices and increased costs[52]. - The company reported a net profit of ¥3,795,320.80 from the acquisition of Wuqi Baoze Natural Gas Co., Ltd., which contributed to an increase in current operating income[82]. Cash Flow and Assets - The net cash flow from operating activities increased by 21.61% to CNY 927,399,655.24, compared to CNY 762,629,561.69 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 11,908,643,188.49, a 1.57% increase from CNY 11,724,077,442.51 at the end of the previous year[20]. - The company’s cash and cash equivalents decreased by 96.26% to ¥20,621,467.23 from ¥550,753,679.39, primarily due to reduced cash flows from investment and financing activities[52]. - The total assets at the end of the reporting period amounted to ¥7,258,170,658.05, with cash and cash equivalents accounting for 7.89% of total assets[59]. Investments and Acquisitions - The company has successfully acquired Wuqi Baoze Natural Gas Company, enhancing its strategic investments and partnerships in the urban gas market[31]. - The company acquired 100% of Wuqi Baoze Natural Gas Co., Ltd. for ¥10,800,000, which is expected to generate a profit of ¥3,795,320.80 in the current period[82]. - The ongoing major non-equity investment project, the Jingxi gas pipeline project, has a planned total investment of ¥81,025,000, with ¥8,968,510 invested in the reporting period and a cumulative investment of ¥35,094,480, achieving 43.31% project progress[75]. Revenue and Sales - CNG sales reached 35.33 million cubic meters, while LNG sales totaled 58.79 million cubic meters during the reporting period[32]. - The company achieved a gas sales volume of 3.318 billion cubic meters, representing 51.00% of the annual target[45]. - The operating revenue for the period was 5.147 billion RMB, completing 50.81% of the annual plan[45]. - The company reported a significant increase in pipeline transportation revenue, which grew by 64.14% year-on-year, driven by higher gas transmission volumes[57]. Research and Development - Research and development expenditure increased by 115.22% year-on-year, amounting to approximately 12.8 million RMB[48]. - Research and development expenses surged by 105.25% to ¥12,208,502.36, up from ¥5,948,213.34, indicating a significant investment in innovation[52]. Risks and Challenges - The company highlighted potential risks and uncertainties in its future plans and development strategies[4]. - The adjustment of natural gas pipeline transportation prices poses a risk to profitability, with pricing based on "allowable costs plus reasonable returns," which may impact earnings in the short term[85]. - The competitive landscape in the natural gas sector is intensifying, with upstream exploration dominated by a few state-owned enterprises and downstream competition becoming more pronounced due to regulatory changes[86]. Corporate Governance and Shareholder Information - The company is undergoing changes in its board of directors and supervisory board due to term expirations, ensuring continuity in governance[160]. - Total number of common shareholders at the end of the reporting period was 36,959[174]. - Shaanxi Gas Group Co., Ltd. holds 55.36% of shares, totaling 615,650,588 common shares[174]. - The company’s total share capital remains at 1,112,075,445 shares, with no changes in the number of shares issued or held[170]. Legal and Compliance - There are no significant litigation or arbitration matters reported during the period, indicating a stable legal environment for the company[96]. - The company has not experienced any bankruptcy restructuring or significant litigation during the reporting period, reflecting a stable operational status[96]. - The company reported a principal payment of 55.86 million yuan and a penalty of 2.2 million yuan due to contract violations in 2017[99]. Future Plans and Strategies - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company aims to strengthen resource acquisition by focusing on "consolidating old resources, exploring new resources, and achieving multi-resource" goals, enhancing resource supply security through collaboration with PetroChina and Yanchang Petroleum[85]. - The company plans to invest over RMB 38 million in poverty alleviation projects by 2020, with specific allocations for various initiatives[149].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 3,765,705,508.89, representing a 29.99% increase compared to CNY 2,896,836,571.79 in the same period last year[7] - Net profit attributable to shareholders was CNY 301,839,852.24, a decrease of 3.87% from CNY 313,988,394.09 year-on-year[7] - Basic earnings per share for the period were CNY 0.2714, down 3.86% from CNY 0.2823 in the same period last year[7] - Operating profit for the current period was ¥357,000,304.56, slightly down by 4.3% from ¥375,159,304.10 in the previous period[64] - Net profit for the current period was ¥302,963,971.18, a decrease of 4.7% compared to ¥317,906,256.61 in the previous period[66] - The total comprehensive income for the period was not explicitly stated but can be inferred from the changes in retained earnings and other equity components[50] Cash Flow - The net cash flow from operating activities increased by 194.51%, reaching CNY 1,179,469,074.86 compared to CNY 400,480,236.51 in the previous year[7] - Cash inflow from operating activities totaled 4,141,220,132.21, an increase from 3,039,412,045.59 in the previous period, representing a growth of approximately 36.4%[76] - Cash inflow from sales of goods and services reached 4,084,866,240.34, up from 3,014,807,065.56 in the previous period, representing a growth of approximately 35.4%[76] - Investment cash flow net outflow increased by 95.49% to RMB -232,115,210.51 due to higher cash payments for investments[22] - Financing cash flow net outflow increased by 153.98% to RMB -354,287,608.09 due to increased payments for finance lease rentals[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,226,274,284.01, up 4.28% from CNY 11,724,077,442.51 at the end of the previous year[7] - The total liabilities increased to CNY 6,077,752,551.45 from CNY 5,911,299,035.98, representing a growth of approximately 2.82%[47] - The total equity rose to CNY 6,148,521,732.56 from CNY 5,812,778,406.53, indicating an increase of about 5.77%[50] - The total current assets amounted to CNY 2,329,588,536.70, an increase from CNY 1,904,988,609.51 as of December 31, 2018, representing a growth of approximately 22.3%[41] - The total non-current assets were reported at CNY 9,896,685,747.31, a slight increase from CNY 9,819,088,833.00, indicating a growth of about 0.8%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,620, with the largest shareholder holding 55.36%[11] - The net assets attributable to shareholders increased by 5.92%, amounting to CNY 5,977,798,869.10 compared to CNY 5,643,756,175.63 at the end of the previous year[7] Research and Development - Research and development expenses increased by 84.19% to RMB 5,777,068.72 compared to the previous period[22] - Research and development expenses increased to ¥5,777,068.72, up 84.0% from ¥3,136,458.09 in the previous period[61] Acquisitions and Investments - The company acquired 100% equity of Wuqi Baoze Natural Gas Co., Ltd. for 147.21 million yuan, completing the acquisition on January 23, 2019[25] - The acquisition of Wuqi Baoze is part of the company's strategy to expand in the urban gas market under a competitive landscape[25] - Goodwill of RMB 90,245,068.71 was recognized from the acquisition of Wuqi Baoze Company[22] Tax and Compliance - Tax payable increased by 648.56% to RMB 120,755,103.89 due to increased income tax and reduced VAT input tax credits[22] - The company has committed to resolving competition issues related to the transfer of gas assets within a specified timeframe, extending the deadline to April 10, 2020[33] - The company is committed to obtaining ownership certificates for remaining properties, with one land and one property certificate still pending as of the reporting period[28] Financial Reporting - The company is focused on enhancing its financial reporting accuracy and reflecting its operational results more fairly[25] - The company has implemented new financial instrument standards since January 1, 2019, with no significant impact on financial results[95] - The company has not implemented the new revenue and leasing standards, with no significant impact on financial results[99] - The first quarter report was not audited[102]

Financial Performance - The company's operating revenue for 2018 was ¥8,999,288,324.24, representing a year-over-year increase of 17.75% from ¥7,642,949,839.74 in 2017[20] - The net profit attributable to shareholders for 2018 was ¥404,187,524.13, a slight increase of 2.21% compared to ¥395,429,092.40 in 2017[20] - The basic earnings per share for 2018 was ¥0.3635, up 2.22% from ¥0.3556 in 2017[20] - The total profit amounted to 483 million yuan, with a slight increase of 0.03% year-on-year[51] - The company reported a net cash flow from operating activities of ¥614,861,244.77 in 2018, a decrease of 45.15% from ¥1,121,044,421.53 in 2017[84] - The company’s net profit for 2018 was reported at 404,187,524.13 CNY, reflecting a stable financial performance despite market challenges[127] Assets and Liabilities - Total assets at the end of 2018 were ¥11,724,077,442.51, an increase of 8.69% from ¥10,786,584,873.26 at the end of 2017[23] - The company’s total assets were 11.724 billion yuan, with total liabilities of 5.911 billion yuan, resulting in an asset-liability ratio of 50.42%[51] - The company’s total liabilities for accounts payable and notes payable increased to 1,419,137,285.80 after merging these items[143] Cash Flow and Dividends - The company plans to distribute a cash dividend of ¥1.00 per 10 shares to all shareholders[6] - The cash dividend for 2018 represents 27.51% of the net profit attributable to ordinary shareholders, which was 404,187,524.13 CNY[127] - The company distributed a cash dividend of 3.00 CNY per 10 shares for the 2017 fiscal year, totaling 333,622,633.50 CNY based on a share capital of 1,112,075,445 shares[121] - The company’s cash dividends over the past three years have been 166,811,316.75 CNY in 2016, 333,622,633.50 CNY in 2017, and 111,207,544.50 CNY in 2018[127] Operational Highlights - The company operates over 40 natural gas pipelines with a total length of 3,466 kilometers and an annual gas transmission capacity of 16.5 billion cubic meters[34] - The company achieved a gas sales volume of 6.101 billion cubic meters, a year-on-year increase of 9.24%[51] - The company expanded its urban gas sales volume to 383 million cubic meters, a year-on-year increase of 26.82%[53] - The company’s gas pricing for residential use is set at 1.49-1.546 yuan per cubic meter, while non-residential pricing ranges from 1.546 to 2.0011 yuan per cubic meter[173] Research and Development - Research and development expenses amounted to ¥13,076,252.51, reflecting a significant increase of 31.53% year-on-year[60] - The company expanded its R&D team, increasing the number of R&D personnel from 29 in 2017 to 49 in 2018, a growth of 68.97%[81] Market Strategy and Growth - The company plans to enhance gas infrastructure to increase household gas usage and expand industrial gas supply services in areas with low gas penetration[35] - The company aims to develop 38,000 new users in the upcoming year[110] - The company intends to increase its market share in urban gas by improving infrastructure and actively exploring market consolidation through acquisitions and mergers[110] Legal and Compliance Issues - The company has initiated arbitration against West Blue Company for overdue payments, with a claim amount of CNY 25.86 million[156] - The company has recognized risks associated with receivables from Xilan Company, indicating potential difficulties in full recovery[160] - The company has been involved in a lawsuit regarding compensation for mining resource losses amounting to 2.41 million yuan, with additional claims for construction and auxiliary facilities pending evaluation[164] Future Projections - The projected operating revenue for 2019 is 10.133 billion yuan, with a total profit of 402 million yuan and earnings per share of 0.3174 yuan[110] - The company plans to complete a total gas sales volume of 6.506 billion cubic meters in 2019, with urban gas pipeline sales volume of 465 million cubic meters[110]

所有董事均已出席了审议本次季报的董事会会议。 公司负责人李谦益、主管会计工作负责人任妙良及会计机构负责人(会计主 管人员)王艳声明：保证季度报告中财务报表的真实、准确、完整。 2 陕西省天然气股份有限公司 2018 年第三季度报告正文 证券代码：002267 证券简称：陕天然气 公告编号：2018-056 陕西省天然气股份有限公司 2018 年第三季度报告正文 陕西省天然气股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 11,618,326,565.21 | 10,786,584,873.26 | | 7.71% | | 归属于上市公司股东的净资产 （元） ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 4,285,002,247.84, representing a 5.27% increase compared to CNY 4,070,529,326.46 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 326,735,666.91, a 29.68% increase from CNY 251,960,057.04 year-on-year[17]. - The net cash flow from operating activities was CNY 762,629,561.69, showing a significant increase of 79.35% compared to CNY 425,210,090.84 in the previous year[17]. - The total profit for the same period was CNY 387 million, reflecting a year-on-year growth of 29.29%[41]. - The company reported a total investment of 348,032,000 yuan for various gas pipeline projects, with a cumulative actual investment of 207,527,100 yuan as of the reporting period[70]. - The company reported a total outstanding gas payment of 25.76 million yuan from Xilan Company as of 2015, with ongoing legal proceedings to recover the amount[91]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 11,553,997,546.14, reflecting a 7.11% increase from CNY 10,786,584,873.26 at the end of the previous year[17]. - Current liabilities decreased to CNY 3,494,589,812.44 from CNY 3,733,260,580.91, a reduction of about 6.4%[169]. - Non-current liabilities rose to CNY 2,265,931,929.63, compared to CNY 1,303,173,213.24, indicating an increase of approximately 74.0%[169]. - Total liabilities increased to CNY 5,760,521,742.07 from CNY 5,036,433,794.15, reflecting a growth of around 14.4%[169]. - Owner's equity totaled CNY 5,793,475,804.07, slightly up from CNY 5,750,151,079.11, showing an increase of about 0.8%[170]. Market Position and Strategy - The company is focused on the planning, construction, operation, and management of natural gas long-distance pipelines in Shaanxi Province[26]. - The company operates as the only provincial natural gas long-distance pipeline operator in Shaanxi, covering all 11 cities in the province, which provides a competitive advantage due to high entry barriers for new companies[28]. - The company plans to expand its urban gas business through acquisitions and resource integration, leveraging its existing pipeline network[30]. - The company is actively involved in the "coal-to-gas" initiative, which aligns with government policies aimed at reducing coal consumption by 1.5 million tons over three years, creating market opportunities for natural gas[34]. - The company plans to continue expanding the provincial natural gas long-distance pipeline network and will primarily use acquisitions for market expansion in urban gas business[36]. Cash Flow and Financing - The cash and cash equivalents net increase reached 550,753,679.39, a remarkable 404.34% increase compared to the previous year[48]. - Cash generated from operating activities significantly increased by 79.35% to 762,629,561.69, attributed to higher cash receipts from sales[48]. - The net cash flow from financing activities was -CNY 831,454.44, compared to -CNY 273,767,914.89 in the previous year, indicating improved cash management[188]. - The ending balance of cash and cash equivalents was CNY 1,422,431,005.56, up from CNY 702,533,097.17, representing a growth of 102.3%[188]. Research and Development - R&D expenditure amounted to CNY 5.948 million, a 1.56% increase year-on-year, all classified as expense[47]. - Research and development investment rose by 1.56% to 5,948,213.34, indicating a continued focus on innovation[48]. Regulatory and Compliance Issues - The company has committed to transferring all shares of Weinan Natural Gas to Shaanxi Natural Gas by April 10, 2018, pending approval from the China Securities Regulatory Commission[86]. - The company is currently addressing the ownership issues related to the employee dormitory of Weinan Natural Gas, which may incur costs and losses that should be borne by the company[86]. - The company has committed to resolving the competition issue with Shaanxi Natural Gas by transferring the controlling stake of Tongchuan Natural Gas within 36 months if necessary[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,248[136]. - The largest shareholder, Shaanxi Gas Group Co., Ltd., holds 55.36% of the shares, totaling 615,650,588 shares[136]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[139]. Legal and Litigation Matters - The company has filed for arbitration against Xilan Company for unpaid gas fees, with a court ruling requiring Xilan to pay 31.3 million yuan in principal and 9.5 million yuan in penalties[91]. - The company is currently involved in ongoing litigation with West Blue Company regarding unpaid gas fees and penalties[92]. - The company has actively pursued legal action to recover unpaid gas payments, indicating a strong stance on contract enforcement[92]. Pricing and Revenue - The average price for residential gas from January 1 to March 31 was CNY 1.47 per cubic meter, while for non-residential users it was CNY 1.588 per cubic meter[98]. - The company plans to adjust gas prices according to upstream resource prices, with a cost-plus pricing model being implemented[102]. - The average gas sales price from January to June 2018 was 1.647 CNY per cubic meter, reflecting a 8.54% increase compared to the previous year[102].

Financial Performance - The company's operating revenue for 2017 was CNY 7,642,949,839.74, representing a 6.00% increase compared to CNY 7,210,584,095.92 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 395,429,092.40, a decrease of 22.24% from CNY 508,535,727.77 in 2016[16] - The basic earnings per share for 2017 was CNY 0.3556, down 22.24% from CNY 0.4573 in 2016[16] - The total profit amounted to 483 million yuan, completing 150.93% of the annual plan[31] - The company achieved a main business revenue of ¥7,620,001,312.41, representing a year-on-year growth of 5.89%[48] - The long-distance pipeline segment generated ¥6,938,294,534.0, accounting for 90.78% of total revenue, with a growth of 5.07%[50] - The urban gas segment reported revenue of ¥704,655,305.65, which is a 16.03% increase year-on-year[50] - The company’s natural gas sales amounted to ¥7,478,280,943.3, representing 97.85% of total revenue, with a growth of 5.59%[52] Cash Flow and Investments - The net cash flow from operating activities increased by 12.07% to CNY 1,121,044,421.53 in 2017, compared to CNY 1,000,276,888.25 in 2016[16] - The total investment during the reporting period was ¥76,842,043.69, reflecting a significant increase of 178.65% compared to the previous year[78] - The company has a total of 5,108 million yuan in planned investments, with 55.69% of the projects completed as of the reporting period[83] - The company is currently developing new gas supply stations and expanding its gas supply network, which is expected to enhance operational efficiency[80] - The company has reported a 40.28% completion rate for the Meixian to Long County natural gas pipeline project, with an investment of 189.02 million yuan[83] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares, totaling CNY 333,622,633.35 based on 1,112,075,445 shares[4] - The cash dividend amount for 2017 was CNY 333,622,633.50, representing 84.37% of the net profit attributable to ordinary shareholders[113] - The total distributable profit for the year was CNY 2,475,731,646.34, with cash dividends accounting for 100% of the profit distribution[113] - The company has maintained a consistent cash dividend policy over the past three years, adhering to its shareholder return plan[107] Market and Operational Developments - The company achieved a total sales volume of 5.585 billion cubic meters of natural gas, completing 103.42% of the annual plan[31] - The company expanded its pipeline network to over 3,400 kilometers, with an annual gas transmission capacity of 16.5 billion cubic meters[30] - The market coverage rate in the province reached 28.04%, effectively promoting the transition from a gas resource province to a gas industry province[30] - The company is actively involved in government initiatives to promote clean energy usage, aligning with national policies to support natural gas development[36] Strategic Initiatives and Future Plans - The company plans to raise 1.26 billion yuan through a non-public offering of A-shares, which has been approved by the China Securities Regulatory Commission[36] - The company aims to achieve operating revenue of 8.551 billion yuan and a total profit of 515 million yuan in 2018, translating to an earnings per share of 0.3716 yuan[99] - The company plans to develop 38,000 new residential users in 2018, with CNG sales volume targeted at 180 million cubic meters[99] - The company is focusing on expanding its market presence through strategic investments in gas supply infrastructure[80] Regulatory and Compliance Matters - The company has not experienced any significant accounting errors requiring restatement during the reporting period[126] - The company has engaged Sigma Accounting Firm for auditing services, with a fee of ¥420,000 for the current year[129] - The company has not faced any major litigation or arbitration matters during the reporting period[131] - The company has established a safety production responsibility system to prevent significant safety incidents, aiming for no more than four minor accidents and no major supply interruptions[100] Shareholder Structure and Governance - The largest shareholder, Shaanxi Gas Group Co., Ltd., holds 55.36% of the shares, totaling 615,650,588 shares[174] - The company experienced a leadership change with Li Qianyi appointed as Chairman and former Chairman Hao Xiaocheng stepping down due to job changes[186] - The current management team includes experienced professionals with backgrounds in engineering, finance, and project management, enhancing the company's operational capabilities[187][189][190] - The company has a strong emphasis on compliance and governance, with independent directors ensuring adherence to regulatory standards[194][195] Social Responsibility and Community Engagement - In 2017, the company invested approximately CNY 770.76 million in targeted poverty alleviation, with CNY 543 million allocated for industrial development[160] - The company has established a charity platform, donating 310 kilograms of old clothes to the Shaanxi Charity Association in 2017[157] - The company has signed cooperation agreements with local governments to promote natural gas usage in rural areas, enhancing accessibility[157]