Financial Performance - Revenue was RMB 3.835 billion, a decrease of 3.3% from RMB 3.967 billion in the same period last year[3]. - Core profit for the half-year was RMB 157 million, down 29.7% from RMB 223 million in the same period last year; excluding the impact of the gasification rural business, core profit was RMB 167 million, a decrease of 24.6%[2]. - Net profit attributable to the company’s owners was RMB 132 million, down from RMB 187 million in the same period last year[4]. - Basic and diluted earnings per share were both RMB 0.14, compared to RMB 0.19 in the same period last year[4]. - The group’s net profit attributable to the owners was RMB 132 million, a decline of 29.2% compared to RMB 187 million in the same period last year[51]. - Gross profit for the same period was RMB 543,347 thousand, down 12.7% from RMB 622,106 thousand year-on-year[42]. Sales and Revenue Breakdown - Total gas sales volume reached 1.10 billion cubic meters, a slight increase of 1.7% compared to 1.08 billion cubic meters in the same period last year[2]. - Revenue from external customers for the retail business was RMB 2,587,049,000, while wholesale business revenue was RMB 640,964,000, and engineering installation and services revenue was RMB 386,994,000[12]. - The profit from the retail segment was RMB 158,259,000, while the wholesale segment reported a profit of RMB 18,143,000, and the engineering installation and services segment reported a profit of RMB 165,615,000[12]. - The company added 130,092 new pipeline gas users, a decrease of 12.6% compared to 148,894 in the same period last year[42]. - The total number of pipeline gas users reached 5,730,017, an increase of 5.3% from 5,443,209 users year-on-year[42]. - Natural gas sales volume was 110,020 million cubic meters, reflecting a growth of 1.7% from 108,215 million cubic meters in the previous year[42]. - The company reported a retail gas sales volume of 87,781 million cubic meters, a slight increase of 0.7% compared to 87,180 million cubic meters last year[42]. Assets and Liabilities - Total assets increased to RMB 16.105 billion from RMB 15.691 billion at the end of the previous year[5]. - Total liabilities increased to RMB 9.970 billion from RMB 9.579 billion at the end of the previous year[6]. - The company's total borrowings as of June 30, 2024, amounted to RMB 7,601,670,000, an increase from RMB 6,801,454,000 as of December 31, 2023, representing a growth of 11.8%[32]. - The total accounts payable decreased from RMB 980,052,000 as of December 31, 2023, to RMB 723,618,000 as of June 30, 2024, a reduction of 26.1%[35]. - The total liabilities related to deferred income tax decreased from RMB 745,495,000 as of December 31, 2023, to RMB 715,543,000 as of June 30, 2024, a decrease of 4.0%[34]. Dividends and Shareholder Information - The board declared an interim dividend of RMB 0.0479 per share[2]. - The proposed interim dividend for the six months ended June 30, 2024, is RMB 47,032,000, translating to RMB 0.0479 per share, down from RMB 66,965,000 and RMB 0.0682 per share for the same period in 2023[37]. - The interim dividend will be distributed in HKD on November 29, 2024, to shareholders registered by October 31, 2024[55]. - The company will suspend share transfer registration from October 28, 2024, to October 31, 2024, to determine eligibility for the interim dividend[56]. Operational Highlights - The company aims to enhance supply security and promote the integration of natural gas with new energy sources in line with national energy strategies[40]. - The company continues to focus on high-quality development and the transition towards cleaner and low-carbon energy solutions[41]. - The company aims to enhance operational capabilities and maintain profitability amidst changing market conditions, focusing on safety and digital technology in gas operations[53]. Other Financial Metrics - The company incurred a net foreign exchange loss of RMB 27,821,000 for the six months ended June 30, 2024, compared to a loss of RMB 119,034,000 in the same period of 2023[15]. - The cost of raw materials and consumables used was RMB 2,955,831,000, an increase from RMB 2,861,377,000 in the previous year[16]. - Depreciation of property, plant, and equipment was RMB 104,228,000, slightly up from RMB 101,311,000 in the previous year[16]. - The income tax expense for the six months ended June 30, 2024, was RMB 67,709 thousand, a decrease of 16% compared to RMB 80,579 thousand for the same period in 2023[17]. - The net financial expenses for the six months ended June 30, 2024, amounted to RMB 193,349 thousand, a decrease of 2% from RMB 196,719 thousand in the same period of 2023[18].
天伦燃气(01600) - 2024 - 中期业绩