Financial Performance - The company's operating revenue for 2014 was CNY 345,448,024.50, representing a 25.61% increase compared to CNY 275,010,207.75 in 2013[23]. - Net profit attributable to shareholders was CNY 104,931,812.60, up 27.55% from CNY 82,264,840.37 in the previous year[23]. - The net cash flow from operating activities increased by 22.54% to CNY 120,579,495.11, compared to CNY 98,403,782.19 in 2013[23]. - Total assets at the end of 2014 were CNY 943,237,746.26, reflecting a 23.42% increase from CNY 764,252,627.32 at the end of 2013[23]. - The weighted average return on equity was 14.96%, an increase of 1.72% from 13.24% in 2013[23]. - The company's financial expenses decreased by 153.62% to -CNY 1,196.39 million, primarily due to increased interest income from investments[35]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 0.80 CNY per 10 shares to all shareholders based on a total share capital of 234,681,600 shares as of December 31, 2014[5]. - The total share capital after the proposed capital increase in 2014 will rise to 422,426,880 shares, following a bonus share distribution of 8 shares for every 10 shares held[102]. - The company’s retained earnings available for distribution in 2014 amounted to RMB 265,764,615.15[101]. - The cash dividend policy has been confirmed to comply with the company’s articles of association and shareholder resolutions[97]. - The company has maintained a consistent cash dividend payout ratio over the past three years, with 2014's payout being 100% of the distributable profits[101]. Business Operations and Expansion - The company has maintained its main business operations without any changes since its listing[20]. - The company invested in the acquisition of a 51% stake in Gansu PetroChina Kunlun Natural Gas Utilization Co., marking a significant step in business expansion[32]. - The company plans to expand its gas utilization projects, including a comprehensive utilization project in Aksu with three CNG refueling stations[74]. - The company aims to sell 140 million cubic meters of natural gas in 2015, including 84 million cubic meters for vehicle use and 56 million cubic meters for residential use[79]. - The company plans to install gas for 30,000 residential users and construct 4 new gas stations while expanding 2 existing ones[79]. Risk Management and Compliance - The company has detailed potential risks in its report, particularly in the section regarding future development outlook[13]. - The company is enhancing internal control systems and risk management capabilities to ensure stable operations[78]. - The company has implemented a financial budget warning mechanism to strengthen overall budget management[82]. - The company has established a comprehensive safety production responsibility system, investing RMB 3.05 million in safety measures during the reporting period[103]. - The company has not reported any significant non-raised fund investment projects during the reporting period[76]. Corporate Governance - The company has appointed Tianjian Accounting Firm as its auditor for the reporting period[21]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with legal and regulatory requirements[184]. - The audit committee held four meetings to review internal audit plans and financial report preparations, recommending the reappointment of Tianjian Accounting Firm for the 2014 audit[193]. - The company maintains a transparent information disclosure policy, ensuring all shareholders receive equal access to relevant information[184]. - The company operates an independent production and marketing system, with no reliance on the controlling shareholder or related parties for its operations[199]. Market and Industry Outlook - The company anticipates a favorable market outlook for natural gas due to urbanization and industrialization, supported by national policies[77]. - The company faces uncertainties in natural gas sales prices due to national resource price reforms, which may impact future operating performance[85]. - Rising average wage levels may lead to increased employee compensation, contributing to higher operational costs[86]. - The average urbanization rate in the company's operational areas is 39%, which is below the national and Xinjiang averages, indicating significant growth potential[57]. - By 2015, the gas penetration rate in Xinjiang is projected to reach 94%, driven by ongoing infrastructure development[57]. Employee and Management Structure - The company employed a total of 502 staff members as of December 31, 2014, with 71 (14.14%) holding a bachelor's degree or higher[173][176]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 1,597,400 CNY, with 1,405,400 CNY from the company and 192,000 CNY from shareholder units[171]. - The management team includes 85 managers, accounting for 16.93% of the total workforce[175]. - The company has established a comprehensive employee training program, including onboarding, skills enhancement, and performance improvement training[180]. - The company has implemented a remuneration policy based on labor laws and performance assessments to ensure fair compensation for employees[179]. Shareholder Information - The largest shareholder, Zhou Jidong, holds 28.50% of the shares, totaling 66,880,000 shares, with 20,600,000 shares pledged[148]. - Akesu Shengwei Industrial Investment Co., Ltd. is the second largest shareholder, holding 22.50% of the shares, totaling 52,800,000 shares, all of which are pledged[148]. - The company has a total of 21,264 shareholders as of the report date, with 20,029 shareholders by the end of the reporting period[148]. - The top ten shareholders include three individuals with a combined holding of 38.75%[149]. - The company did not engage in any repurchase transactions during the reporting period[150].

Financial Performance - Net profit attributable to shareholders increased by 71.01% to CNY 28,257,030.40 for the reporting period[7] - Operating revenue for the reporting period reached CNY 82,684,806.37, reflecting a growth of 34.01% year-on-year[7] - The net profit attributable to shareholders for the year-to-date period increased by 36.64% to CNY 78,261,893.61[7] - The net profit attributable to shareholders for 2014 is expected to range from 90.49 million to 106.94 million RMB, representing a growth of 10.00% to 30.00% compared to the previous year's net profit of 82.26 million RMB[22] - The increase in performance is attributed to the growth in sales revenue[22] Assets and Liabilities - Total assets increased by 13.69% to CNY 868,849,406.50 compared to the end of the previous year[7] - Accounts receivable increased by 78.01% to 34,275,718.40, primarily due to uncollected installation fees for home installation projects[15] - Prepayments rose by 122.92% to 29,073,221.15, driven by increased material payments for home installation projects[15] - Inventory increased by 96.22% to 30,491,844.15, reflecting ongoing home installation projects that are still in production[15] - The company’s tax payable increased by 31.50% to 6,261,745.06, reflecting higher operating income[15] - The company reported a significant increase in asset impairment losses, with a change of -2427.45% to 703,182.65, due to increased bad debt provisions[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,790[11] - The largest shareholder, Zhou Jidong, holds 28.50% of the shares, totaling 66,880,000 shares[11] Cash Flow and Earnings - The net cash flow from operating activities for the year-to-date period was CNY 78,678,096.18, an increase of 25.95%[7] - Basic earnings per share decreased by 14.29% to CNY 0.12 for the reporting period[7] - The weighted average return on net assets was 4.22%, a decrease of 59.85% compared to the previous year[7] Other Financial Metrics - Total revenue cost increased by 32.24% to 124,935,921.08, correlating with the rise in operating income[15] - Financial expenses decreased by 117.77% to -9,171,303.60, attributed to increased interest income[15] - Other receivables increased by 84.30% to 1,068,049.34, linked to business expansion and unaccounted travel expenses[15] - The company’s pre-receipts rose by 36.11% to 76,875,378.05, driven by increased pre-receipts for natural gas and installation fees[15] Corporate Governance - The company has committed to avoiding any competition with its own business and has provided a letter of commitment to this effect[20] Investment Activities - There are no securities investments reported during the reporting period[23] - The company does not hold shares in other listed companies during the reporting period[23]

Financial Performance - The company's operating revenue for the first half of 2014 was ¥154,695,759.29, representing a 21.31% increase compared to ¥127,522,135.69 in the same period last year[20] - The net profit attributable to shareholders was ¥50,004,863.21, up 22.70% from ¥40,753,685.27 year-on-year[20] - The net profit after deducting non-recurring gains and losses was ¥49,022,484.22, reflecting a 22.97% increase compared to ¥39,866,673.97 in the previous year[20] - The total profit for the first half of 2014 was CNY 58,953,341.89, an increase from CNY 48,001,250.06 in the same period of 2013, representing a growth of approximately 22.5%[89] - The net profit attributable to the parent company was CNY 50,004,863.21, up from CNY 40,753,685.27, reflecting an increase of about 22.5% year-over-year[89] - Basic and diluted earnings per share for the period were both CNY 0.21, compared to CNY 0.56 in the previous year, indicating a decrease of approximately 62.5%[89] Revenue and Sales - The company achieved operating revenue of 154.70 million yuan, a year-on-year increase of 21.31%, primarily due to the growth in natural gas sales and household installation services[30] - The company sold 6,206,000 cubic meters of natural gas, an increase of 11.44% from 5,569,000 cubic meters in the same period last year[26] - The sales of vehicle gas reached 3,394,000 cubic meters, marking a 20.10% increase from 2,826,000 cubic meters year-on-year[26] - The number of residential users installed increased to 6,728, up 4.88% from 6,415 in the previous year[26] Cash Flow and Liquidity - The net cash flow from operating activities was ¥46,746,901.60, a decrease of 5.82% compared to ¥49,635,636.12 in the same period last year[20] - The net cash flow from investment activities dropped significantly by 75.60% to 4.23 million yuan, primarily due to a reduction in time deposits[31] - The net increase in cash and cash equivalents was 75.01 million yuan, down 65.85% year-on-year, attributed to decreased cash flow from operating and investment activities[28] - Cash and cash equivalents at the end of the period were ¥374,016,190.62, an increase from ¥358,455,534.26 at the beginning of the period[85] Assets and Liabilities - The total assets at the end of the reporting period were ¥831,527,000.89, an increase of 8.80% from ¥764,252,627.32 at the end of the previous year[20] - Total liabilities increased to ¥136,538,850.76, compared to ¥106,815,909.31 at the start of the period, an increase of 28.0%[87] - Shareholders' equity at the end of the period was ¥694,988,150.13, up from ¥657,436,718.01 at the beginning of the period, reflecting a growth of 5.7%[87] Investment and Projects - The total committed investment for the Aksu Natural Gas Comprehensive Utilization Phase II project is 126.3327 million RMB, with 64.40% of the investment completed by the end of the reporting period[46] - The Aksu Textile Industrial City Natural Gas Utilization Project has only achieved 24.22% of its planned investment progress due to delays in municipal infrastructure construction[46] Shareholder Information - The company plans to distribute a cash dividend of 1.2 RMB per 10 shares, with a capital reserve conversion of 10 shares for every 10 shares held, approved by the shareholders' meeting[53] - The total number of shares increased from 117,340,800 to 234,681,600 after a capital reserve conversion, doubling the share count[71] - The largest shareholder, Zhou Jidong, holds 28.50% of the shares, amounting to 66,880,000 shares[75] - The total number of shareholders at the end of the reporting period was 24,639[74] Corporate Governance - The company did not undergo any changes in its board of directors, supervisors, or senior management during the reporting period[80] - There are no major litigation or arbitration matters during the reporting period[60] - The company has not implemented any stock incentive plans during the reporting period[60] Accounting Policies - The financial statements are prepared based on the principle of going concern and comply with the requirements of enterprise accounting standards[99][100] - The company uses Renminbi as its functional currency for accounting purposes[102] - The company recognizes impairment losses for financial assets when there is objective evidence of impairment, with significant individual financial assets tested separately[118] Inventory and Receivables - The total inventory at the end of the period was ¥27,219,666.00, with no impairment provision reported[188] - The total accounts receivable at the end of the period amounted to ¥28,980,287.11, with a bad debt provision of ¥1,744,951.24, representing 6.02% of the total[170] - The aging analysis shows that 86.10% of accounts receivable (¥24,951,904.62) is within one year, with a bad debt provision of ¥1,247,595.24[173]

新疆浩源天然气股份有限公司 2014 年第一季度报告全文 新疆浩源天然气股份有限公司 2014 年第一季度报告 2014 年 05 月 1 新疆浩源天然气股份有限公司 2014 年第一季度报告全文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周举东、主管会计工作负责人周立华及会计机构负责人(会计主 管人员)岳霞声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆浩源天然气股份有限公司 2014 年第一季度报告全文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 75,218,054.80 | 69,790,645.95 | 7.78% | | 归属于上市公司股东 ...

Revenue and Profit - Revenue for the first quarter reached ¥75,218,054.80, an increase of 7.78% compared to ¥69,790,645.95 in the same period last year[8] - Net profit attributable to shareholders was ¥23,964,516.33, reflecting a growth of 10.62% from ¥21,664,380.96 year-on-year[8] - The expected net profit attributable to shareholders for the first half of 2014 is projected to increase by 10% to 30%, ranging from 44.83 million to 52.98 million yuan[29] - The increase in performance is attributed to the growth in sales performance[29] Cash Flow and Earnings - Net cash flow from operating activities increased by 49.22% to ¥33,377,380.95, up from ¥22,367,600.42 in the previous year[8] - Basic and diluted earnings per share decreased by 31.93% to ¥0.2042, down from ¥0.3 in the same period last year[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥803,540,964.81, a 5.14% increase from ¥764,252,627.32 at the end of the previous year[8] - Net assets attributable to shareholders rose by 3.88% to ¥682,926,422.40, compared to ¥657,436,718.01 at the end of the last year[8] - Accounts receivable increased by 52.73% compared to the end of last year, mainly due to increased receivables from heating boiler users during the heating season[22] - Prepayments increased by 62.64% compared to the end of last year, primarily due to a significant increase in payments for installation materials and engineering construction[22] - Inventory increased by 50.70% compared to the end of last year, mainly due to an increase in materials reserved for courtyard entry projects[22] - Other current assets decreased by 80.16% compared to the end of last year, mainly due to the deduction of tax credits from the previous period, resulting in reduced tax payments this period[22] - Intangible assets increased by 31.76% compared to the end of last year, primarily due to an increase in land use rights[22] - Employee compensation payable decreased by 70.46% compared to the end of last year, mainly due to the payment of year-end bonuses accrued at the end of the previous year[22] Expenses - Management expenses decreased by 57.59% year-on-year, attributed to better cost control measures[17] - Financial expenses saw a significant reduction of 1275.64% compared to the previous year, mainly due to interest from excess funds raised during the 2012 IPO[17] - Non-operating income decreased by 75.92% compared to the same period last year, mainly due to a reduction in government subsidies received[23] - Non-operating expenses decreased by 92.28% compared to the same period last year, mainly due to a significant reduction in compensation payments from the previous period[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,628, with the top ten shareholders holding significant stakes[11] Non-recurring Items - Non-recurring gains and losses totaled ¥248,816.49, including government subsidies and asset disposal gains[9]

Financial Performance - In 2013, the company's operating revenue reached ¥275,010,207.75, representing a 15.42% increase compared to ¥238,272,990.63 in 2012[23] - The net profit attributable to shareholders was ¥82,264,840.37, marking a 26.98% increase from ¥64,785,083.90 in the previous year[23] - The net cash flow from operating activities was ¥98,403,782.19, an increase of 18.76% from ¥82,859,640.60 in 2012[23] - The total assets at the end of 2013 amounted to ¥764,252,627.32, a 12.17% increase from ¥681,322,088.79 at the end of 2012[23] - The net assets attributable to shareholders increased to ¥657,436,718.01, up 11.94% from ¥587,336,788.03 in 2012[23] - The basic earnings per share decreased to ¥0.7, down 35.78% from ¥1.09 in the previous year[23] - The weighted average return on equity was 13.24%, a decrease of 10.39% from 23.63% in 2012[23] Dividend Distribution - The company plans to distribute a cash dividend of ¥1.20 per 10 shares to shareholders, with no bonus shares issued[5] - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, totaling 11,000,700 RMB, based on a total share capital of 73,338,000 shares as of December 31, 2012[103] - The company plans to distribute a cash dividend of RMB 1.2 per 10 shares, totaling RMB 14,080,896, which accounts for 17.12% of the net profit attributable to shareholders for 2013[106] - The cash dividend payout ratio for 2013 is 100%, reflecting a commitment to returning value to shareholders[111] Operational Highlights - Natural gas sales volume increased by 9.6% to 10,679,000 m³ in 2013, compared to 9,746,000 m³ in 2012[34] - The number of residential users installed rose by 37.0% to 19,650 households in 2013, up from 14,342 households in 2012[34] - Operating revenue for the period was ¥27,501.02 million, a 15.42% increase from the previous year, primarily driven by increased sales of residential gas and installations[36] - Operating costs increased by 23.22% to ¥14,151.85 million, outpacing revenue growth due to higher upstream natural gas prices and increased depreciation[36] - The company completed fixed asset investments of ¥60.57 million in 2013, including the laying of 45.7 kilometers of high and medium-pressure municipal pipelines[34] Risk Management and Future Outlook - The company has outlined potential risks in its future development outlook, which can be found in the board report[12] - The company faces uncertainties in natural gas sales prices due to national pricing reforms, which may impact future operating performance[96] - The company has a clear development strategy focusing on low-carbon growth and the promotion of clean energy, leveraging regional resource advantages[87] Investment and Capital Structure - The total amount of raised funds is CNY 37,392.6 million, with CNY 3,221.44 million invested during the reporting period[73] - Cumulative investment of raised funds reached CNY 12,984.56 million, with CNY 9,284.56 million allocated to project investments and CNY 3,700 million for permanent working capital[73] - The balance of unutilized raised funds is CNY 24,851.70 million, which is held in a dedicated account[73] - The company has not made any external equity investments during the reporting period, maintaining a conservative investment strategy[62] Governance and Compliance - The company has established a governance structure in compliance with the Company Law and relevant regulations, ensuring no discrepancies exist[184] - The board of directors consists of 5 members, including 2 independent directors, fulfilling legal and regulatory requirements[183] - The independent directors attended all board meetings and provided 10 independent opinions on key matters, enhancing corporate governance[189] - The company has maintained independence from its controlling shareholder in operations and decision-making processes[182] Employee and Management Structure - The company employed a total of 391 staff as of December 31, 2013, with 74.17% being production personnel[174][175] - The employee age structure shows that 51.92% are aged 30 or below, while 43.22% are between 31 and 50 years old[178] - The company has implemented a remuneration policy based on labor laws and adjusts salaries according to business performance and regional living standards[179] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 175.74 million, with CNY 168.06 million from the company and CNY 7.68 million from shareholder units[171] Social Responsibility - The company has contributed RMB 50,000 to local impoverished villages as part of its social responsibility initiatives[114] - The company has maintained a focus on enhancing user service quality and employee rights protection, contributing to local social stability[113]