Financial Performance - The company achieved operating revenue of ¥3,309,785,569.18, representing a 33.13% increase compared to the same period last year[18]. - Net profit attributable to shareholders reached ¥366,558,239.34, up 28.27% year-on-year[18]. - The net cash flow from operating activities was ¥734,011,569.14, an increase of 21.18% compared to the previous year[18]. - The main business income was ¥3,304,890,453.87, a growth of 33.07% year-on-year[27]. - The main business cost increased by 36.57% to ¥2,703,324,170.12 compared to the same period last year[27]. - The company reported a net profit of 9,523,168.41 CNY for the period, with a revenue of 149,989,780 CNY, indicating a strong performance in the gas production sector[58]. - The projected net profit for the first nine months of 2015 is expected to range between 38,008.25 and 47,923.44 million CNY, reflecting a year-on-year growth of 15% to 45% due to increased gas sales volume[62]. - The company reported a total comprehensive income for the period of 370,420,000.00 CNY, an increase of 3.16% compared to the previous period[149]. - The total comprehensive income for the period was 8,011,754.45, reflecting a significant increase compared to the previous period[152]. Assets and Liabilities - The company's total assets decreased by 3.94% to ¥9,366,561,016.08 compared to the end of the previous year[18]. - The net assets attributable to shareholders increased by 4.94% to ¥4,728,910,781.31[18]. - Total assets decreased from CNY 9,750,302,452.34 to CNY 9,366,561,016.08, a decline of approximately 3.93%[128]. - Total liabilities decreased from CNY 5,148,571,372.14 to CNY 4,538,486,934.13, a decline of around 11.85%[127]. - Owner's equity increased from CNY 4,601,731,080.20 to CNY 4,828,074,081.95, an increase of approximately 4.93%[128]. - The total liabilities at the end of the period were 3,715,000,000.00 CNY, representing a decrease of 2.00% compared to the previous year[151]. Cash Flow - Cash and cash equivalents net increase decreased by 52.38% compared to the previous year[27]. - The cash and cash equivalents at the end of the period were CNY 765,696,252.56, compared to CNY 569,220,095.55, showing an increase of 34.5%[144]. - The net cash flow from investing activities was -CNY 203,690,547.35, an improvement from -CNY 299,748,330.54 in the previous year[144]. - The net cash flow from operating activities for the first half of 2015 was CNY 734,011,569.14, an increase of 21.2% compared to CNY 605,707,478.54 in the same period of 2014[143]. Investment and Financing - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has successfully raised a total of RMB 1.99356 billion through various financing methods, including an IPO in 2008 that raised RMB 1.059 billion and subsequent bond issuances[38]. - The company has completed 100% of the investment in the Baoji-Hanzhong natural gas pipeline project, with a total investment of RMB 52.765 million[49]. - The company has a commitment to invest RMB 200.2024 million in various projects, with a cumulative investment of RMB 155.9676 million as of the reporting period[50]. - The company has temporarily used idle raised funds to supplement working capital, totaling up to RMB 400 million, with a usage period not exceeding 9 months from the board's approval date[55]. Research and Development - Research and development expenses totaled ¥4,277,858.32, all of which were expensed[27]. - Research and development investment increased significantly by 151.42% to ¥4,277,858.32, compared to ¥1,701,451.72 in the same period last year[29]. - The company is investing in new technology development to improve operational efficiency and reduce costs[152]. Market and Pricing - The residential gas supply price is set at 1.49 CNY per cubic meter, while the non-residential gas supply price for Xianyang Rainbow Color Display Tube Factory is 2.277 CNY per cubic meter[79]. - The gas supply price for residents in Weinan City is 1.69 CNY per cubic meter, and the non-residential gas supply price is 2.277 CNY per cubic meter[80]. - The company has established a pricing mechanism that aligns with the provincial pricing standards for natural gas[79]. - The gas supply pricing adjustments are part of the company's strategy to optimize operational efficiency and market competitiveness[80]. Corporate Governance and Compliance - The company has not engaged in any external equity investments, securities investments, or derivative investments during the reporting period[39][40][44]. - The company has received strong government support for its natural gas projects, enhancing its business opportunities in Shaanxi Province[36]. - The company has not reported any instances of entrusted financial management or loans during the reporting period[43][45]. - The company’s cash dividend policy has been executed in compliance with its articles of association and shareholder resolutions, ensuring transparency and adherence to governance standards[64]. Shareholder Information - The company reported a total share count of 1,112,075,445 shares, with 91.44% being unrestricted shares[109]. - Shaanxi Gas Group Co., Ltd. holds 55.36% of the shares, totaling 615,650,588 common shares[112]. - The second largest shareholder, Macao Huashan Entrepreneurship International Economic and Technical Cooperation and Trade Co., Ltd., holds 5.53% with 61,507,852 common shares[112]. Operational Efficiency - The company has established a competitive advantage in the natural gas long-distance pipeline sector, with nearly 3,000 kilometers of pipelines and an annual design capacity of 13 billion cubic meters[34]. - The company has successfully maintained a stable supply of gas through long-term partnerships with major gas suppliers, ensuring sufficient gas source allocation[35]. - The company aims to enhance its market position through strategic pricing and improved service delivery in the natural gas sector[80]. Legal and Regulatory Matters - The company has not faced any penalties or rectification issues during the reporting period[104]. - The company has no major litigation or arbitration matters pending, ensuring a stable operational environment[71]. Accounting and Financial Reporting - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[164]. - The financial statements are consolidated according to the accounting policies of the parent company, ensuring consistency across reporting periods[170]. - The company recognizes impairment losses for financial assets when there is objective evidence of impairment[179].

Financial Performance - The company's operating revenue for Q1 2015 was ¥2,108,810,606.88, representing a 28.50% increase compared to ¥1,641,090,688.89 in the same period last year[9]. - Net profit attributable to shareholders was ¥304,133,119.48, up 19.94% from ¥253,580,497.01 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥301,761,305.22, reflecting a 19.19% increase from ¥253,176,070.85 in the previous year[9]. - The net cash flow from operating activities decreased by 18.33% to ¥346,885,285.89, down from ¥424,472,009.20 in the same period last year[9]. - Total assets at the end of the reporting period were ¥9,863,191,401.85, a 1.16% increase from ¥9,750,302,452.34 at the end of the previous year[9]. - The net assets attributable to shareholders increased by 7.14% to ¥4,827,990,038.87, compared to ¥4,506,383,965.43 at the end of the previous year[9]. - The weighted average return on equity decreased to 6.53%, down from 7.75% in the previous year, a decline of 1.22%[9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,824[13]. - Shaanxi Gas Group Co., Ltd. held 55.36% of the shares, amounting to 615,650,588 shares, making it the largest shareholder[13]. Asset and Liability Changes - Accounts receivable increased by 40.68% to 487,056,844.78 due to increased sales volume[17]. - Prepayments rose by 152.26% to 177,090,026.50 as a result of increased advance payments for projects[17]. - Inventory increased by 112.02% to 114,182,575.30 due to a rise in raw material stock[17]. - Short-term loans decreased by 38.10% to 130,000,000.00 as a result of repayment of bank loans[17]. Expense Changes - Sales expenses increased by 59.54% to 2,147,984.53 due to heightened market development efforts[17]. - Management expenses rose by 36.43% to 31,347,972.12 due to increased costs related to taxes and depreciation[17]. - Asset impairment losses surged by 274.48% to 7,306,176.73 due to an increase in accounts receivable[17]. - Operating income from non-operating activities increased by 295.71% to 2,776,672.72 due to government subsidies received[17]. - The net cash flow from financing activities improved by 41.83% to -124,235,192.75 due to reduced cash payments for fixed assets and intangible assets compared to the previous year[17]. Future Expectations and Commitments - The net profit attributable to shareholders for the first half of 2015 is expected to range from 30,006.83 to 37,151.31 million CNY, representing a year-on-year growth of 5.00% to 30.00%[27]. - The increase in net profit is primarily attributed to the anticipated growth in gas sales volume compared to the previous year[27]. - The company has committed to resolving ownership issues related to employee dormitory buildings within 36 months following the completion of the share transfer[24]. - If the ownership issues are not resolved within the stipulated time, the company promises to transfer all its shares in Weinan Natural Gas to Shaanxi Natural Gas within 12 months thereafter[24]. - The company will manage its holdings in Weinan Natural Gas through a delegated management approach until the share transfer is completed[25]. - The company has made commitments to avoid direct or indirect competition with Shaanxi Natural Gas and its subsidiaries[25]. - The company plans to complete the processing of remaining land and property ownership certificates by the end of 2013, with only one land certificate pending as of the report date[27]. - The company has applied for changes in land use for agricultural land to obtain the necessary land use certificate[26].

Financial Performance - The company's operating revenue for 2014 was CNY 5,322,458,852.92, representing a 31.16% increase compared to CNY 4,058,085,962.75 in 2013[19]. - The net profit attributable to shareholders for 2014 was CNY 512,330,157.93, a 51.70% increase from CNY 337,729,389.50 in the previous year[19]. - The net cash flow from operating activities reached CNY 1,125,546,822.30, up 31.99% from CNY 852,737,380.18 in 2013[19]. - The basic earnings per share for 2014 was CNY 0.4923, reflecting a 48.24% increase from CNY 0.3321 in 2013[19]. - Total assets at the end of 2014 amounted to CNY 9,750,302,452.34, a 12.63% increase from CNY 8,656,826,568.21 at the end of 2013[19]. - The net assets attributable to shareholders increased by 43.35% to CNY 4,506,383,965.43 from CNY 3,143,520,114.62 in 2013[19]. - The weighted average return on equity for 2014 was 14.41%, an increase of 3.32% from 11.09% in 2013[19]. - The company achieved a total revenue of CNY 5,310,457,983.64, representing a year-on-year growth of 31.08%[31]. - The net profit for the year was CNY 516 million, completing 151.78% of the annual plan, with a year-on-year increase of 54.21%[33]. Investment and Capital Expenditure - The company completed fixed asset investments of CNY 928 million, achieving 109.64% of the annual plan[33]. - The company successfully issued nearly 10 million non-public A-shares, raising approximately CNY 1 billion, significantly alleviating financial pressure[30]. - The company completed a total of CNY 1.32 billion in technology investments, with R&D investments increasing by 22.49%[33]. - The company has a total of RMB 2,000 million in entrusted financial management with Bank of China, yielding a return of RMB 11.64 million[65]. - The company has completed 100% of its committed investment in the Baoji-Hanzhong natural gas pipeline project, with a total investment of RMB 53.65 million[71]. Market and Sales Performance - The total natural gas purchased reached 3.945 billion cubic meters, completing 116.55% of the annual plan, with a year-on-year increase of 29.92%[33]. - The total sales volume of gas was 3.91 billion cubic meters, achieving 116.43% of the annual plan, and a year-on-year growth of 29.24%[33]. - The sales volume of long-distance pipelines reached 389,390.53 million cubic meters, an increase of 32.83% compared to the previous year, while city gas sales volume surged by 107.56% to 19,514.41 million cubic meters[38]. - The company added 24,000 new users, bringing the total number of users to 118,000[38]. - The company’s top five customers accounted for 55.49% of total annual sales, with Xi'an Qin Hua Natural Gas Co., Ltd. being the largest customer at 36.73%[38]. Research and Development - Research and development expenditures totaled CNY 9,423,429.07, all of which were expensed[32]. - R&D expenses totaled CNY 9,423,429.07, representing a growth of 168.59% from CNY 3,508,544.44 in the previous year, primarily due to increased personnel costs[45]. - The company will invest at least 195 million yuan in technology innovation projects, with R&D investment of no less than 159 million yuan[84]. Governance and Compliance - The company did not report any discrepancies between domestic and international accounting standards regarding net profit and net assets during the reporting period[20][21]. - The company has maintained a consistent cash dividend policy, with cash dividends constituting at least 80% of profit distribution in mature stages[92]. - The company has not engaged in any securities or derivative investments during the reporting period[62][66]. - The company has not faced any regulatory actions or penalties related to insider trading during the reporting period[182]. - The company has established a performance evaluation system for senior management, linking compensation to company and individual performance[179]. Future Outlook and Strategic Plans - The company aims to achieve a gas sales volume of 4.716 billion cubic meters, with urban gas sales of 217 million cubic meters[84]. - The projected operating revenue is 6.498 billion yuan, with a total profit target of 622 million yuan and earnings per share of 0.4743 yuan[84]. - The company plans to develop 27,700 new users and achieve CNG sales of 83.37 million cubic meters[84]. - The company is actively exploring new gas sources, including coalbed methane from Hancheng and gas fields in northeastern Sichuan, to enhance supply stability[57]. - The company plans to integrate and expand its urban gas business through mergers and acquisitions in promising regions[83]. Shareholder Engagement and Voting - The annual shareholders meeting approved the 2013 annual report with a total of 797,236,470 shares voting in favor, representing 99.9885% of the shares with voting rights[183]. - The voting results indicate strong shareholder support for the company's strategic direction and financial planning[187]. - The company has maintained a strong shareholder engagement strategy, as evidenced by the high approval rates for various proposals presented during the meetings[190]. - The company reported a total of 797,236,470 shares present at the meeting, with 99.9885% voting in favor of the resolutions[188]. Management and Leadership - The company experienced a change in leadership with the resignation of the chairman and general manager on October 14, 2014, due to work changes[171]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 69.736 million CNY[170]. - The company’s board of directors includes members with extensive experience in various industries, enhancing its governance structure[168]. - The independent directors did not raise any objections to company matters during the reporting period[196]. Risk Management - The company emphasizes the importance of risk awareness in future development statements, indicating potential investment risks[9]. - The audit committee oversees internal and external audits to mitigate operational risks and enhance economic efficiency[180].

Financial Performance - Total assets increased by 12.26% to CNY 9.72 billion compared to the end of the previous year[7] - Net assets attributable to shareholders rose by 37.29% to CNY 4.32 billion[7] - Operating revenue for the period reached CNY 968.83 million, a 34.43% increase year-on-year[7] - Net profit attributable to shareholders surged by 169.36% to CNY 44.73 million for the quarter[7] - Basic earnings per share increased by 168.10% to CNY 0.0437[7] - Cash flow from operating activities for the year-to-date was CNY 774.78 million, up 31.54%[7] - The weighted average return on net assets improved to 1.34%, up from 0.79% in the previous year[7] Shareholder Information - The company had a total of 28,332 common shareholders at the end of the reporting period[11] - Shaanxi Gas Group Co., Ltd. held 60.55% of the shares, making it the largest shareholder[11] Cash Flow and Financing - Cash and cash equivalents increased by 242.34% to CNY 630.50 million compared to a net decrease of CNY 442.95 million in the previous year[16] - Operating cash flow net amount rose by 31.54% to CNY 774.78 million, driven by increased cash receipts from natural gas sales and engineering installation services[16] - The company’s cash flow from financing activities increased by 185.02% to CNY 254.71 million, driven by funds received from the non-public stock issuance and loan repayments[16] Capital and Borrowings - Total assets increased by 69.57% to CNY 1,536.84 million due to funds raised from a non-public stock issuance[16] - The company raised a total of CNY 999.99 million from a non-public issuance of 95,238,095 shares, with a net amount of CNY 979.52 million after deducting issuance costs[18] - Short-term borrowings decreased by 56.38% to CNY 440.00 million as a result of significant repayment of loans[16] - The company’s long-term borrowings increased by 30.88% to CNY 1,913.25 million, indicating a rise in the scale of special borrowings[16] - The company’s capital reserve surged by 200.31% to CNY 1,325.74 million due to capital premiums from the non-public stock issuance[16] Tax and Investment - The company reported a 683.43% increase in business tax and additional fees to CNY 15.29 million, attributed to higher tax amounts payable[16] - Investment income increased by 33.59% to CNY 127.25 million, reflecting higher net profits from joint ventures[16] - The company has not engaged in any securities investments during the reporting period[23] Future Projections - The estimated net profit attributable to shareholders for 2014 is projected to increase by 30.00% to 60.00%, ranging from CNY 439.05 million to CNY 540.37 million, compared to CNY 337.73 million in 2013[22] - The primary reason for the expected growth in performance is attributed to an anticipated increase in gas sales volume year-on-year[22] Property and Land Ownership - As of December 31, 2013, the company still has 2 plots of land and 8 properties that have not obtained ownership certificates, despite previous commitments to resolve these issues[21] - The company plans to obtain the land use certificate for the Yangjiawan gas station within one year after the approval of the change in commitment by the shareholders' meeting[21] - The company has already obtained the property ownership certificate for the Weinan station's instrument control room and living quarters[21] - The company is seeking exemption from the commitment to obtain ownership certificates for 7 properties at the Xi'an branch due to planning restrictions[21] - The company has committed to complete the remaining land and property ownership certificate processes by the end of 2013, but has not fulfilled this commitment[21] Governance and Commitments - The company will provide shareholders with online voting options for any changes or exemptions to commitments regarding unfulfilled obligations[20] - The company’s board of directors has acknowledged the ongoing issues with unfulfilled commitments and has submitted a rectification report[20]

Financial Performance - The company reported a revenue of ¥2,486,113,653.80 for the first half of 2014, representing a 21.99% increase compared to ¥2,038,027,031.29 in the same period last year[19]. - Net profit attributable to shareholders was ¥285,779,263.60, up 33.80% from ¥213,584,234.65 in the previous year[19]. - The net cash flow from operating activities increased by 46.06% to ¥605,707,478.54, compared to ¥414,686,794.85 in the same period last year[19]. - The company achieved a main business income of ¥2,483,538,229.60, which is a 22.06% increase year-on-year[28]. - The company's operating revenue for the reporting period was ¥2,486,113,653.80, representing a year-on-year increase of 21.99% due to normal growth in gas sales volume and the impact of new gas customers[29]. - The total profit for the period was ¥336 million, achieving 82.89% of the annual plan and a year-on-year increase of 35%[31]. - The net profit for the current period is CNY 285,597,544.58, compared to CNY 212,075,466.74 in the previous period, representing a growth of approximately 34.6%[124]. - The total comprehensive income for the current period, including net profit and other comprehensive income, amounts to 272,541,600 CNY[140]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥8,631,141,195.12, a slight decrease of 0.30% from ¥8,656,826,568.21 at the end of the previous year[19]. - The company's total assets at the end of the current period are 3,220,492,000 CNY, reflecting an increase from the previous period[138]. - Current assets decreased from RMB 1,325,585,468.81 to RMB 1,089,224,242.27, representing a decline of approximately 17.8%[113]. - Total liabilities decreased to CNY 5,264,043,485.26 from CNY 5,436,334,206.66, a reduction of 3.2%[118]. - The company’s non-current assets totaled RMB 7,541,916,952.85, an increase from RMB 7,331,241,099.40 at the beginning of the period[114]. Investment and Financing - The company plans to issue non-public A-shares, which received approval from the China Securities Regulatory Commission in August 2014[27]. - The company has committed to several investment projects, with the Baoji-Hanzhong natural gas pipeline project having a total investment of 536.53 million RMB, fully utilized[50]. - The company has successfully raised approximately 1 billion RMB through its IPO in 2008 and has continued to optimize its financing methods, including issuing bonds and short-term financing notes[39]. - The company has permanently converted 4,038.26 million yuan of surplus raised funds into working capital, with all remaining fundraising projects completed[53]. - The company reported an investment cash outflow of CNY 316,445,667.52, down from CNY 706,772,178.34 in the previous period, indicating a reduction of approximately 55.2%[128]. Research and Development - Research and development expenses totaled ¥1,701,451.72, all of which were expensed[28]. - Research and development investment surged to ¥1,701,451.72, marking a significant increase of 322.14% year-on-year, indicating a strong focus on innovation[29]. - Internal research and development costs are expensed in the research phase, while costs in the development phase are capitalized if specific criteria are met[195]. Market and Sales - The company achieved a natural gas sales volume of 1.846 billion cubic meters in the first half of the year, completing 55% of the annual plan and reflecting a 20% year-on-year growth[31]. - The company maintained a gas collection rate of 98.6% as of June 30, 2014, demonstrating effective market development efforts[32]. - The company has established a competitive advantage in the regional natural gas market, supported by government policies promoting the use of clean energy[37][38]. Corporate Governance and Compliance - The company maintained compliance with corporate governance requirements as per the Company Law and relevant regulations[68]. - The company has not engaged in any external equity investments, securities investments, or entrusted financial management during the reporting period[40][41][42][43][44][45]. - The company did not implement any equity incentive plans during the reporting period[75]. - The company has not faced any penalties or corrective actions during the reporting period[95]. Shareholder Information - The company has a total of 102,250.3 million RMB committed to investment projects, with 101,403.5 million RMB already allocated[51]. - The company approved a cash dividend of RMB 1.50 per 10 shares based on a total share capital of 1,016,837,350 shares during the 2013 annual equity distribution plan[61]. - The company did not distribute cash dividends or bonus shares during the reporting period[6]. - The registered capital of Shaanxi Natural Gas Co., Ltd. is CNY 1,016,837,350.00, with a total of 1,016,837,350 shares issued, including 19,735,680 restricted A-shares and 997,101,670 unrestricted A-shares[145]. Operational Efficiency - The company plans to focus on expanding its market presence and enhancing its operational efficiency in the upcoming periods[135]. - The cash flow from operating activities was significantly higher than the cash outflow from investing activities, indicating a strong operational performance[131]. Financial Reporting and Standards - The financial statements are prepared based on the principle of going concern, ensuring the company's ongoing viability[146]. - The company adheres to the Chinese Accounting Standards, ensuring the accuracy and completeness of its financial reporting[147].

Financial Performance - The company's operating revenue for Q1 2014 was ¥1,641,090,688.89, representing a 24.06% increase compared to ¥1,322,805,305.61 in the same period last year[10]. - Net profit attributable to shareholders was ¥253,580,497.01, up 33.8% from ¥189,527,295.42 year-on-year[10]. - Basic and diluted earnings per share rose to ¥0.2494, reflecting a 33.8% increase from ¥0.1864[10]. - Net profit for Q1 2014 was CNY 252,904,313.96, representing a 33.9% increase from CNY 188,823,252.33 in Q1 2013[46]. - Total operating revenue for Q1 2014 reached CNY 1,641,090,688.89, an increase of 23.9% compared to CNY 1,322,805,305.61 in the same period last year[44]. Cash Flow - The net cash flow from operating activities increased by 63.28% to ¥424,472,009.20, compared to ¥259,959,816.43 in the previous year[10]. - Cash inflow from operating activities totaled ¥1,755,711,142.14, compared to ¥1,600,957,482.04 in the previous period, indicating an increase of about 9.7%[52]. - The net cash flow from investing activities was -¥213,574,443.34, an improvement from -¥475,209,936.29, showing a reduction in cash outflow by approximately 55.8%[52]. - The net cash flow from financing activities was -¥389,664,415.86, compared to ¥213,516,910.07 in the previous period, indicating a significant decline in cash inflow[54]. - The cash flow from operating activities netted ¥390,422,592.33, up from ¥233,427,208.49, marking an increase of about 67.3%[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,761,525,267.46, a 1.21% increase from the previous year-end[10]. - Total liabilities decreased from CNY 5.44 billion to CNY 5.27 billion, indicating improved financial stability[35]. - Total assets as of the end of Q1 2014 were CNY 8,454,755,574.52, an increase from CNY 8,332,658,439.93 at the end of the previous year[41]. - Total liabilities decreased to CNY 5,040,755,379.43 from CNY 5,179,327,901.08, indicating a reduction of 2.7%[41]. Shareholder Information - The number of shareholders at the end of the reporting period was 34,253[13]. - As of the report date, the share transfer to Shaanxi Gas Group has been completed, making it the controlling shareholder with a 60.55% stake in the company[22]. - The total equity attributable to shareholders rose to CNY 3,414,000,195.09, compared to CNY 3,153,330,538.85, marking an increase of 8.3%[41]. Investment and Future Plans - The company plans to issue up to 102.5 million A-shares at a minimum price of 8.98 CNY per share, aiming to raise no more than 1 billion CNY for the construction of a natural gas pipeline and to supplement working capital[20]. - The company confirmed a 36.53% increase in investment income from joint ventures, amounting to ¥7,294,502.78[19]. - The company plans to obtain the land use certificate for Yangjiabao substation within one year following the approval of the shareholders' meeting[25]. Compliance and Commitments - The company has fulfilled commitments regarding avoiding competition with its controlling shareholder, Shaanxi Investment Group, as per agreements made in 2007[23]. - The company has not yet completed the acquisition of property ownership certificates as promised in its IPO prospectus, with a commitment to resolve this by July 2008[24]. - The company received regulatory attention in December 2012 regarding unfulfilled commitments, indicating ongoing compliance issues[24]. - The company is seeking exemption from the commitment to obtain ownership certificates for 7 properties in Xi'an due to planning restrictions[25].

Financial Performance - The company's operating revenue for Q1 2014 was CNY 1,641,090,688.89, representing a 24.06% increase compared to CNY 1,322,805,305.61 in the same period last year[8] - Net profit attributable to shareholders was CNY 253,580,497.01, up 33.8% from CNY 189,527,295.42 year-on-year[8] - The net cash flow from operating activities increased by 63.28% to CNY 424,472,009.20, compared to CNY 259,959,816.43 in the previous year[8] - Basic earnings per share rose to CNY 0.2494, a 33.8% increase from CNY 0.1864 in the same period last year[8] - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 20% to 40%, ranging from ¥256.3 million to ¥299.0 million[25] - The net profit for the first half of 2013 was ¥213.6 million, indicating a significant year-on-year growth due to an anticipated increase in gas sales volume[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,761,525,267.46, reflecting a 1.21% increase from CNY 8,656,826,568.21 at the end of the previous year[8] - The net assets attributable to shareholders increased by 8.59% to CNY 3,413,621,778.11 from CNY 3,143,520,114.62 at the end of the previous year[8] - Short-term borrowings decreased by 30.61% to CNY 700,000,000.00 as a result of repayment of bank loans[17] Investments and Income - The company’s investment income increased by 36.53% to CNY 7,294,502.78 compared to CNY 5,342,732.89 in the previous year[17] - The company reported a significant increase in prepayments, which rose by 72.13% to CNY 169,850,246.59 due to increased advance payments for engineering projects[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,253[11] - As of the report date, the share transfer to Shaanxi Gas Group has been completed, making it the controlling shareholder with a 60.55% stake in the company[20] Future Plans and Commitments - The company plans to issue up to 102.5 million A-shares at a minimum price of 8.98 CNY per share, aiming to raise no more than 1 billion CNY for pipeline projects and working capital[18] - The company is in the process of fulfilling commitments related to the issuance of non-public shares, with ongoing compliance as of February 17, 2014[21] - The company has committed to avoid competition with its controlling shareholder, Shaanxi Investment Group, as part of its restructuring agreements[21] Property and Land Issues - The company has not yet completed the transfer of ownership certificates for certain land and properties, with a commitment to resolve this by July 2008[22] - As of December 31, 2013, the company still had 2 land parcels and 8 properties without ownership certificates, which are under ongoing processing[24] - The company plans to obtain the land use certificate for Yangjiabian Gas Station within one year after the shareholders' meeting approval[24] - The company is seeking to exempt the commitment for obtaining ownership certificates for 7 properties in Xi'an due to planning restrictions[24] Market Conditions - The company’s stock price declined due to a sluggish domestic secondary market in Q1 2014[18]

Financial Performance - The company's operating revenue for 2013 was CNY 4,058,085,962.75, representing a 6.7% increase compared to CNY 3,803,173,223.78 in 2012[21]. - The net profit attributable to shareholders for 2013 was CNY 337,729,389.50, a slight increase of 0.66% from CNY 335,524,984.00 in the previous year[21]. - The net cash flow from operating activities decreased by 9.6% to CNY 852,737,380.18, down from CNY 943,314,741.70 in 2012[21]. - The total assets at the end of 2013 were CNY 8,656,826,568.21, reflecting a 13.77% increase from CNY 7,609,222,391.05 at the end of 2012[21]. - The net assets attributable to shareholders increased by 4.99% to CNY 3,143,520,114.62, compared to CNY 2,994,023,108.98 at the end of 2012[21]. - The basic earnings per share for 2013 were CNY 0.3321, a slight increase of 0.64% from CNY 0.33 in 2012[21]. - The weighted average return on equity for 2013 was 11.09%, down from 11.68% in the previous year[21]. - The company reported a net profit of ¥334,421,364.28 for 2013, with a distributable profit of ¥1,412,808,835.28 after deducting the statutory surplus reserve[112]. Revenue and Sales - In 2013, the company achieved a main business revenue of CNY 4,051,352,881.57, representing a year-on-year growth of 6.76%[40]. - The total revenue from natural gas sales reached CNY 3,956,776,946.98, marking a 17.42% increase from CNY 3,267,349,041.29 in the previous year[62]. - The company’s gas sales volume reached 94.0192 million cubic meters, achieving 109.2% of the annual plan[42]. - The sales volume of long-distance pipelines reached 293,155.06 million cubic meters, an increase of 5.09% compared to the previous year, while the sales volume of urban gas surged by 43.51% to 9,401.92 million cubic meters[46]. Investments and Projects - The company completed an investment of CNY 1.609 billion in the "Gasification of Shaanxi" project, exceeding the annual plan by 0.45%[33]. - The company has committed to invest 536.53 million RMB in the Baoji-Hanzhong Natural Gas Pipeline project, which has been fully completed[82]. - The total amount of funds raised for the Baoji-Hanzhong natural gas pipeline project is 2,613.15 million, with 100% of the funds utilized[87]. - The company has established strong partnerships with major gas suppliers, ensuring stable gas supply and exploring new sources such as coalbed methane[73]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares to all shareholders[6]. - The cash dividend for 2013 represents 45.16% of the net profit attributable to shareholders of the listed company, which was ¥337,729,389.50[111]. - The total number of shareholders at the end of the reporting period was 33,048, a decrease from 33,948 five trading days prior[149]. Corporate Governance - The company has established a governance structure that complies with modern corporate governance standards and regulatory requirements, ensuring transparency and effective internal controls[177]. - The board of directors consists of 12 members, including 4 independent directors, meeting legal standards for governance[181]. - The company has implemented a performance evaluation system for senior management, linking compensation to company and individual performance[182]. - The audit committee oversees internal and external audits, aiming to mitigate operational risks and enhance economic efficiency[183]. Research and Development - The company’s R&D expenditure totaled CNY 3,508,544.44, with capitalized expenditure of CNY 561,076.92 and expense expenditure of CNY 2,947,467.52[40]. - The company plans to increase R&D investment growth by 2% above the annual sales revenue growth rate, targeting a ratio of R&D investment to main business income of 1.8%[103]. Safety and Compliance - The company is committed to maintaining a safety production goal of no major accidents and limiting minor accidents to no more than 4 occurrences[103]. - The company has not been subject to any administrative penalties during the reporting period[113]. - The company has implemented a strict insider information management system, with no reported insider trading incidents during the reporting period[189]. Challenges and Future Outlook - The company faces challenges from gas price reforms that may impact market development and resource acquisition[104]. - The company aims to achieve a gas sales volume of 3.358 billion cubic meters in 2014, with urban gas pipeline distribution accounting for 110 million cubic meters[102]. - The projected revenue for 2014 is 4.6 billion yuan, with a total profit of 405 million yuan and earnings per share of 0.3197 yuan[102].