昆仑能源(00135) - 2024 - 中期业绩

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 92,922 million, up 6.72% from RMB 87,072 million in 2023[2] - Profit attributable to shareholders for the period was RMB 3,305 million, representing a 2.58% increase from RMB 3,222 million in 2023[3] - Basic earnings per share increased to RMB 38.17, up 2.58% from RMB 37.21 in the previous year[3] - Total revenue for the six months ended June 30, 2024, was RMB 95,342 million, compared to RMB 89,510 million for the same period in 2023, representing an increase of approximately 6.5%[12] - The company reported a total profit before tax of RMB 7,249 million for the six months ended June 30, 2024, compared to RMB 6,791 million for the same period in 2023, indicating a year-on-year growth of approximately 6.7%[11] - Total revenue reached RMB 92.922 billion, up RMB 5.850 billion or 6.72% year-on-year; net profit attributable to shareholders was RMB 3.305 billion, an increase of RMB 0.083 billion or 2.58% year-on-year[24] Sales and Volume - Total natural gas sales volume reached 26,438 million cubic meters, an increase of 10.55% compared to 2023[1] - The company achieved natural gas sales of 26.438 billion cubic meters in the first half of 2024, an increase of 2.522 billion cubic meters or 10.55% year-on-year[24] - Revenue from natural gas sales was RMB 76.660 billion, reflecting a year-on-year growth of 9.74%; the pre-tax profit was RMB 5.005 billion, up 2.41% year-on-year[28] - LPG sales volume reached 2.9258 million tons, maintaining stability compared to the same period last year; revenue was RMB 12.932 billion, a decrease of 6.66% year-on-year; profit before tax was RMB 561 million, an increase of 32.62%[29] - LNG processing and storage business achieved a revenue of RMB 5.662 billion, a year-on-year increase of 9.14%; profit before tax was RMB 1.648 billion, up 22.89%[30] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 143,519 million, compared to RMB 142,327 million at the end of 2023[5] - Total liabilities as of June 30, 2024, were RMB 55,630 million, compared to RMB 57,736 million at the end of 2023[5] - Total equity increased to RMB 86,697 million from RMB 84,372 million in December 2023[4] - The capital debt ratio as of June 30, 2024, was 22.24%, a decrease of 0.47 percentage points from 22.71% as of December 31, 2023[39] - Total borrowings amounted to RMB 24,111 million, with RMB 8,557 million due within one year as of June 30, 2024[40] Employee and Compensation - Employee compensation costs increased to RMB 3,169 million, up from RMB 2,628 million in 2023[2] - The company employed 24,371 employees globally as of June 30, 2024, a decrease from 28,139 employees in the same period last year[43] Dividends and Shareholder Returns - The company declared an interim dividend of RMB 16.41 per share, compared to no dividend in the previous year[1] - The company declared an interim dividend of RMB 0.1641 per share, totaling approximately RMB 1,421 million, based on 8,659 million shares issued[20] Operational Efficiency - The company’s operating cash flow reached RMB 5.352 billion, indicating strong operational efficiency[25] - The average load rate of two LNG receiving stations increased by 3.6 percentage points year-on-year, with a total gasification and loading volume of 7.770 billion cubic meters, up 5.92% year-on-year[30] Strategic Initiatives - The company is optimistic about achieving annual performance guidance and future development, focusing on four key areas: market expansion, strategic upgrades, operational management, and technological empowerment[33] - The company plans to accelerate the development of new energy projects, aiming for breakthroughs in six gas-electricity projects and advancing distributed natural gas projects in Chongqing[33] - The company has initiated 13 natural gas power generation projects with a total installed capacity of 8.81 million kilowatts[26] Governance and Compliance - The board of directors has confirmed compliance with the standard code of conduct for securities trading throughout the reporting period[51] - The company is in the process of selecting a suitable auditor as of May 29, 2024, and will make further announcements in accordance with listing rules[51] - The detailed interim performance report will be published by September 20, 2024, on the Hong Kong Stock Exchange and the company's website[52] Other Financial Metrics - Interest income rose to RMB 499 million, compared to RMB 394 million in 2023[2] - Interest expenses for the period were approximately RMB 411 million, a decrease of 5.73% from RMB 436 million in the same period last year[38] - Other net income for the period was approximately RMB 746 million, significantly up from RMB 239 million in the same period last year, mainly due to increased rental income from LNG refueling business integration[36] - The share of profits from associates was approximately RMB 335 million, an increase of 6.01% from RMB 316 million in the same period last year, primarily due to increased proven oil and gas reserves at CNPC-Aktobemunaigas Joint Stock Company[38]