Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,705,499,986.06, a decrease of 20.57% compared to CNY 3,406,114,434.61 in the same period last year[4] - Net profit attributable to shareholders was CNY 419,354,739.98, down 16.35% from CNY 501,344,253.91 year-on-year[4] - Total operating revenue for Q1 2023 was ¥2,705,499,986.06, a decrease of 20.5% compared to ¥3,406,114,434.61 in Q1 2022[17] - Net profit for Q1 2023 was ¥431,873,639.56, a decline of 16.3% from ¥516,423,246.56 in Q1 2022[19] - Basic earnings per share for Q1 2023 were ¥0.3771, down from ¥0.4508 in Q1 2022, indicating a decrease of 16.3%[19] Cash Flow - The net cash flow from operating activities increased by 111.59% to CNY 503,074,686.80, compared to CNY 237,761,797.20 in the previous year[4] - The net cash flow from operating activities for Q1 2023 was ¥503,074,686.80, a significant increase of 111.7% compared to ¥237,761,797.20 in the same period last year[20] - Total cash inflow from operating activities was ¥2,954,989,155.43, down 9.0% from ¥3,246,541,896.50 in Q1 2022[20] - Cash outflow from operating activities totaled ¥2,451,914,468.63, a decrease of 18.4% compared to ¥3,008,780,099.30 in the previous year[20] - The cash flow from investment activities was negative at -¥152,755,760.70, worsening from -¥102,441,389.08 year-over-year[20] - Cash inflow from financing activities was ¥148,200,000.00, up from ¥21,700,000.00 in Q1 2022[21] - The net cash flow from financing activities was -¥60,591,477.78, an improvement from -¥170,064,188.39 in the same quarter last year[21] - The ending balance of cash and cash equivalents was ¥1,257,956,611.34, an increase from ¥1,085,435,098.22 at the end of Q1 2022[21] - The company received tax refunds amounting to ¥4,657,854.61 during the quarter[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,070,157,692.21, reflecting a slight increase of 0.56% from CNY 12,997,982,822.68 at the end of the previous year[4] - The company's total assets increased to ¥13,070,157,692.21 in Q1 2023, up from ¥12,997,982,822.68 in Q1 2022, reflecting a growth of 0.56%[16] - Total liabilities decreased to ¥6,019,276,223.25 in Q1 2023 from ¥6,408,783,482.05 in Q1 2022, representing a reduction of 6.06%[16] - The equity attributable to shareholders of the parent company rose to ¥6,761,785,940.04, an increase of 7.1% from ¥6,313,576,842.73 in the previous year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,900, with the largest shareholder, Shaanxi Gas Group Co., Ltd., holding 64.43% of the shares[10] - The report indicates no significant changes in the top ten shareholders' structure, with the largest shareholder holding 716,530,456 shares[11] Other Financial Metrics - The weighted average return on equity decreased to 6.42% from 7.57% in the same period last year, a decline of 1.15%[4] - Research and development expenses for Q1 2023 amounted to ¥5,726,764.43, an increase of 25.5% compared to ¥4,562,869.16 in Q1 2022[17] - The company reported an investment income of ¥41,942,922.33, up from ¥38,678,277.04 in the previous year, marking an increase of 5.3%[17] - Employee compensation payments increased to ¥193,460,286.41, compared to ¥156,823,631.74 in the previous year[20] Changes in Assets - Accounts receivable stood at CNY 263,981,937.30, slightly down from CNY 265,785,771.11, indicating a decrease of about 0.7%[14] - The total current assets reached CNY 1,953,011,615.75, up from CNY 1,889,886,431.64, representing an increase of approximately 3.4%[14] - Long-term equity investments increased to CNY 521,786,810.04 from CNY 479,586,085.05, marking a growth of about 8.8%[14] - The company's fixed assets remained stable at CNY 8,178,447,396.40, compared to CNY 8,176,522,923.06 at the beginning of the year[14] - Inventory levels rose to CNY 215,977,642.99 from CNY 187,859,814.80, reflecting an increase of approximately 15%[14] - The company reported a decrease in other current assets from CNY 70,344,195.45 to CNY 17,120,040.96, a decline of about 75.7%[14] - The total non-current assets amounted to CNY 9,080,000,000, with significant components including fixed assets and long-term equity investments[14] - The company has maintained a consistent goodwill value of CNY 144,919,962.37 throughout the reporting period[14]

股票代码：002267 股票简称：陕天然气 公告编号：2023-015 陕西省天然气股份有限公司 关于举行2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 陕西省天然气股份有限公司（以下简称"公司"）已于 2023 年 4 月 11 日在巨潮资讯网披露了《2022 年年度报告》。为便于投资者更全面深 入了解公司生产经营情况及未来发展规划，公司将于 2023 年 5 月 5 日（星 期五）下午 15:00 至 17:00 举办 2022 年度业绩说明会。本次年度业绩说明 会将采用网络远程方式举行，投资者可登陆全景网"投资者关系互动平台" （网址：http://ir.p5w.net）参与交流。 出席本次业绩说明会的人员有：公司董事长刘宏波先生，董事、总经 理陈东生先生，董事、财务总监闫禹衡先生，董事、董事会秘书毕卫先生， 独立董事王智伟先生。 欢迎广大投资者积极参与！ （问题征集专题页面二维码） 特此公告。 陕西省天然气股份有限公司 董 事 会 2023 年 4 月 26 日 为充分尊重投资者、提升交流的针对性，现就公司 2022 ...

Financial Performance - The company's operating revenue for 2022 was ¥8,505,667,254.60, representing a 12.47% increase compared to ¥7,562,633,312.26 in 2021[23]. - Net profit attributable to shareholders increased by 46.31% to ¥616,357,535.79 in 2022 from ¥421,256,963.59 in 2021[23]. - The net profit after deducting non-recurring gains and losses was ¥613,612,739.01, up 54.84% from ¥396,290,964.14 in the previous year[23]. - The cash flow from operating activities reached ¥1,125,433,671.94, a 45.89% increase from ¥771,406,271.88 in 2021[23]. - Basic and diluted earnings per share were both ¥0.5542, reflecting a 46.30% increase from ¥0.3788 in 2021[23]. - The weighted average return on equity rose to 9.60%, up from 6.74% in the previous year[23]. - Total assets at the end of 2022 were ¥12,997,982,822.68, a slight increase of 0.04% from ¥12,993,310,176.30 at the end of 2021[23]. - The net assets attributable to shareholders decreased by 0.79% to ¥6,313,576,842.73 from ¥6,363,826,637.71 in 2021[23]. Dividend Distribution - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares to all shareholders, based on a total of 1,112,075,445 shares[4]. - The company distributed a cash dividend of RMB 3.00 per 10 shares, totaling RMB 333,622,633.50, executed in July 2022[137]. - The company maintained a consistent cash dividend policy, with another similar distribution approved in September 2022 for the first half of the year[137]. - The total distributable profit for the company was 3,035,406,207.35 CNY, with the cash dividend amounting to 100% of the total profit distribution[138]. Market Expansion and Strategy - The natural gas industry is expected to grow due to increasing consumption and infrastructure development, supporting the company's market expansion strategy[34]. - The company plans to achieve a gas transmission volume of 7.45 billion cubic meters and expects to generate operating revenue of 6.8 billion yuan with a total profit of 650 million yuan in 2023[84]. - The company aims to enhance its pipeline infrastructure, focusing on interconnecting provincial and national gas pipelines to improve transmission capacity[84]. - The company is actively pursuing mergers and acquisitions to expand its market presence and enhance value-added services[84]. - The company is exploring opportunities for market expansion in underserved regions to increase its customer base[172]. Research and Development - Research and development expenses rose significantly by 59.10% to 37,984,296.55 yuan[43]. - The company’s R&D investment amounted to ¥53,236,492.45 in 2022, representing a 31.82% increase from ¥40,386,852.64 in 2021[61]. - The number of R&D personnel increased by 63.64% to 108 in 2022, up from 66 in 2021[61]. - The company completed a feasibility study on hydrogen blending in existing natural gas pipelines, resulting in one project report and two patent applications[60]. - The company is focusing on digitalization and smart monitoring systems for long-distance pipelines to enhance safety and operational efficiency[61]. Operational Efficiency - Operating cash inflow increased by 14.76% to CNY 9.79 billion, driven by significant growth in cash received from sales of goods and services[64]. - Net cash flow from operating activities rose by 45.89% to CNY 1.13 billion, reflecting improved operational efficiency[64]. - The company aims to reduce operational costs by 8% through process optimization initiatives in 2023[111]. - The company is committed to optimizing its existing purchasing and transportation model while exploring various sales models to strengthen its sales business and improve operational efficiency[86]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured that all board members attended the meeting to review the annual report[4]. - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations, and enhancing information disclosure practices[91]. - The company held five shareholder meetings during the reporting period, reviewing 20 proposals to protect shareholders' rights[92]. - The company has a dedicated audit department that reports directly to the audit committee, enhancing internal control[95]. - The company has established and revised several governance systems to enhance operational transparency and accountability[140]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions and has obtained ISO 14001 environmental management system certification[149]. - The company has actively engaged in poverty alleviation and rural revitalization, assisting 41 households and 102 individuals in Hanjiakyan Village to achieve stable income growth[153]. - The company completed the construction of two water wells in Yan'an County as part of its poverty alleviation and rural revitalization efforts[154]. - The company donated 310,000 yuan to support the "Five Revitalizations" initiative in Yao Ke Village, contributing to community infrastructure and services[155]. Risks and Challenges - The company acknowledges potential risks in its future development and has detailed these risks and corresponding countermeasures in the management discussion section[4]. - The company faces risks related to dependency on upstream gas suppliers and potential adjustments in natural gas transportation pricing[85]. - The company faces increased market competition risks due to ongoing oil and gas system reforms and the entry of upstream resource enterprises into the terminal market[86]. Legal and Financial Matters - The company is involved in ongoing legal disputes, with a total claim of RMB 25.4776 million related to construction project payments[169]. - The company has incurred compensation liabilities totaling RMB 3.9454 million for damages to Yuxin Mining Factory[168]. - The company has recognized a bad debt provision of 80% for receivables from Xilan Company, amounting to RMB 13.808 million[168]. - The appointed accounting firm, Sigma Accounting Firm, has an audit fee of 1.01 million yuan, with 710,000 yuan for the annual financial statement audit and 300,000 yuan for internal control audit[165].

证券代码：002267 证券简称：陕天然气 陕西省天然气股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------|----------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 民生证券 陶贻功 | | | 人员姓名 | 招商基金 李锦文 | | | 时间 | 2015 年 1 月 15 | 日 | | 地点 | 陕西省天然气股份有限公司 | 12 楼会议室 | | 上市公司接待人 | 董事会秘书 梁 倩 | | | 员姓名 | 市场营销部部长 王新安 | | | | 财务 部职员 苏 波 | | | | 董事会办公室职员 刘曜维 | | | 投资者关系活动 | 1、2014 | 年陕西天然气 ...

Group 1: Pricing Policies - The current gas pricing policy in Shaanxi Province differentiates prices based on user categories, with the lowest price for fertilizer use, residential use in the middle, and the highest for industrial use [2][3] - The company is working to improve pipeline utilization by increasing off-peak gas usage and actively developing peak-shifting users [3] Group 2: Natural Gas Power Generation - According to the 2012 National Development and Reform Commission's "Natural Gas Utilization Policy," natural gas power generation projects in certain coal base areas are classified as prohibited, limiting the possibility of establishing natural gas power plants in Shaanxi [3][4] - However, there is no restriction on coalbed methane power plants, leaving some potential for development in this area [3] Group 3: Financial Metrics - The company recognizes revenue based on sales prices rather than transportation fees [3][4] - The diameter of the Jingxi No. 3 pipeline is 914mm, with a length of over 400 kilometers [4] Group 4: Urban Gas Business Potential - Current policies in Shaanxi Province are favorable for urban gas business development, driven by pollution control and gasification initiatives [4]

证券代码：002267 证券简称：陕天然气 陕西省天然气股份有限公司投资者关系活动记录表 编号：2016-003 | --- | --- | --- | |----------------|----------------------------|------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 中信建投证券股份有限公司 万炜 | | 人员姓名 | | | | 时间 | 2016 年 4 月 | 28 日 | | 地点 | 陕西省天然气股份有限公司 | 10 楼会议室 | | 上市公司接待人 | 董事会办公室职员 刘曜维 | | | 员姓名 | 董事会办公室职员 王 岳 | | | 投资者关系活动 | 1. | 你好，请介绍一下公司主营业务。 | | 主要内容介绍 | 公司自 1 ...

证券代码：002267 证券简称：陕天然气 陕西省天然气股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------|--------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 国海证券 傅鸿浩 | | | 人员姓名 | | | | 时间 | 2016 年 4 月 | 11 日 | | 地点 | 陕西省天然气股份有限公司 | 13 楼会议室 | | 上市公司接待人 | 董事会办公室职员 刘曜维 | | | 员姓名 | 董事会办公室职员 王 岳 | | | 投资者关系活动 | 1.2014、2015 | 年，公司天然气销气量增长幅度较大 | | 主要内容介绍 | 原因。 | | | | 2014 | 年下半年， ...

Group 1: Company Performance - The company's natural gas sales volume saw significant growth in 2014 and 2015 due to the addition of industrial users, particularly from Shaanxi Yanchang Coal and Chemical Company [2][3] - In 2015, the long-distance pipeline gas transmission business accounted for approximately 90% of the company's operations, while urban gas business made up about 10% [3] Group 2: Market Presence and Strategy - The company is involved in urban gas markets in several cities, including Yan'an, Tongchuan, Xianyang, Weinan, Hanzhong, Ankang, and Shangluo [3] - There is an intention to acquire urban gas companies with strong asset conditions and profitability [3] - The company currently sources gas from two main supply sources: Changqing and Yanchang, with Changqing being the primary supplier [3] Group 3: Pricing and Customer Strategy - Pricing for non-residential users varies based on pipeline length, with certain large industrial users receiving discounts due to policy reasons [3] - Future growth points for the company include expanding downstream markets, offering discounts to new non-residential users, and promoting coal-to-gas projects [4] Group 4: Management and Employee Ownership - Company executives do not hold shares in the company, and there are currently no plans for an employee stock ownership program, which will be considered based on future development needs [4]

Group 1: Company Overview - The company is responsible for the construction of long-distance natural gas pipelines in Shaanxi Province, generating 91% of its revenue from upstream gas purchases and downstream sales to gas retailers and direct users [1] - The company operates 11 long-distance natural gas pipelines, covering over 3,000 kilometers, with an annual gas transmission capacity of 13.5 billion cubic meters [1] Group 2: Future Supply Growth - Residential gas consumption is projected to grow annually by approximately 6-8% [3] - Non-residential gas consumption will increase due to new large and medium-sized industrial customer contracts, with individual gas orders potentially reaching tens of millions of cubic meters, and the promotion of coal-to-gas initiatives [3] Group 3: Gas Supply Situation - The company has established a multi-source gas supply system, primarily relying on the Changqing gas field, with additional support from the Yanchang gas source and transit pipelines [3] - As of the end of 2013, the proven recoverable reserves of conventional natural gas in Shaanxi Province reached 0.8 trillion cubic meters, with shale gas reserves at 40 billion cubic meters and coalbed methane reserves exceeding 1 trillion cubic meters [3] Group 4: Pricing and Cost Management - The non-residential gas pipeline transportation fee was reduced by 0.121 yuan per cubic meter, a decrease of 27%, which is expected to impact the 2016 performance for two months [4] - The company has implemented refined management practices, resulting in a 20% year-on-year decrease in management expenses in the third quarter [4]

Pricing and Sales - The pricing structure for natural gas includes procurement price, pipeline transportation fee, and distribution fee, with residential prices at 0.49 CNY/m³ and non-residential prices at 0.77 CNY/m³ [3] - The pipeline transportation fee for non-residential users was reduced by 10% in 2016, impacting the company's profit margins, with a projected profit decline of 25-45% for the first half of 2017 [3] - The total tax amount for the company was approximately 400 million CNY in 2016, with expectations of a decrease due to price adjustments [3] Market Position and Growth - The company is the only long-distance pipeline construction, management, and operation company in Shaanxi Province, holding a significant market share [4] - The annual gas sales volume is expected to grow by around 10%, driven by increasing demand for natural gas as part of environmental protection efforts [4] - The company has established long-term partnerships with major gas suppliers, ensuring a stable resource supply [4] Financial Adjustments and Regulations - The company plans to issue a total of 1.5 billion CNY in new shares, with a cap of 20% of the existing share capital due to new regulatory changes [4] - The pricing benchmark for the stock issuance will be adjusted to the issuance date, with a maximum of 222 million shares to be issued [4] Operational Insights - The company’s receivables and payables are settled within one year, with upstream settlements occurring monthly and downstream settlements every 10-20 days [4] - The decline in gross profit margin over the past five years is attributed to market expansion strategies and increased fixed asset depreciation [4]