昆仑能源(00135) - 2024 - 中期财报

Financial Performance - The revenue for the period was approximately RMB 92,922 million, representing an increase of 6.72% year-on-year[4] - Profit attributable to shareholders of the Company was RMB 3,305 million, representing an increase of 2.58% year-on-year[4] - The gross revenue increased by 6.7% year-on-year, achieving a net profit attributable to shareholders of RMB 3,305 million, with strong operating cash flow of RMB 5,352 million[9] - Revenue from the natural gas sales business was RMB 76.66 billion, representing a year-on-year increase of 9.74%, while profit before income tax was RMB 5.005 billion, up 2.41%[16] - The company achieved a total revenue of RMB 92.922 billion, with a net profit attributable to shareholders of RMB 3.305 billion, and strong operating cash flow of RMB 5.352 billion[1] - Profit before income tax expenses was approximately RMB 7,249 million, an increase of 6.74% from RMB 6,791 million for the same period last year[33] - Profit for the period was RMB 5,320 million, up from RMB 5,041 million in the previous year, reflecting a growth of 5.5%[70] - Basic and diluted earnings per share attributable to shareholders of the Company increased to 38.17 RMB cents from 37.21 RMB cents, representing a rise of 2.6%[72] Natural Gas and Energy Sales - The Group's natural gas retail sales volume was 16,302 million cubic metres, representing an increase of 10.25% year-on-year[4] - The total number of users exceeded 16 million, with natural gas sales volume reaching 26,438 million cubic metres, an increase of 10.55% year-on-year[6] - Natural gas sales volume reached 26.438 billion cubic meters, a year-on-year increase of 10.55%, with retail gas sales volume at 16.302 billion cubic meters, up 10.25%[15] - The company’s LNG receiving station liquid loading volume increased by 53.52% year-on-year, contributing to a historic turnaround in profitability[1] - The LNG refueling-at-sea business developed rapidly, with refueling volume increased by 87% year-on-year[10] - The Natural Gas Sales segment generated revenue of RMB 75,506 million, while the LPG Sales segment contributed RMB 12,887 million[134] User Growth and Engagement - The total number of users surpassed 16.0527 million, with 448,700 new users added in the first half of the year, including 436,000 residential users[15] - The number of registered users on the "Kunlun Huixiang+" platform reached 600,000, with platform sales increasing by 50% year-on-year[10] - The company registered 600,000 users on the "Kunlun Huixiang+" platform, with platform sales increasing by 50% year-on-year[1] Operational Efficiency - The average production capacity of 14 processing plants under continuous operation was 58.4%, representing a year-on-year increase of 19.5%[21] - The company’s marketing quality improved, with industrial user sales increasing by 21.46% and the proportion of industrial and commercial gas sales in retail volume rising by 4.6 percentage points year-on-year[1] - The company aims to optimize the natural gas terminal sales structure to ensure a rise in both volume and efficiency, focusing on LNG heavy trucks and expanding LNG ship refueling-at-sea business[26] Financial Position and Assets - Total assets as of June 30, 2024, were approximately RMB 142,327 million, a decrease of 0.83% from RMB 143,519 million as of December 31, 2023[43] - The Group's total equity, interest-bearing borrowings, and lease liabilities amounted to RMB 111,494 million as of June 30, 2024[49] - Total liabilities decreased to RMB 55,630 million as of June 30, 2024, down from RMB 57,736 million, representing a decline of 3.64%[76] - Cash and cash equivalents increased to RMB 29,422 million, up from RMB 27,353 million, indicating a growth of 7.57%[76] Dividends and Shareholder Returns - The Board declared an interim dividend of RMB 16.41 cents per share, totaling approximately RMB 1,421 million, to be paid on October 31, 2024[55] - The final dividend for 2023 was RMB 2,457 million, reflecting the company's commitment to returning value to shareholders[80] - Shareholders can elect to receive the 2024 Interim Dividend in RMB, with the record date set for September 12, 2024[56] Corporate Governance and Compliance - The Company has complied with all provisions of the Corporate Governance Code, except for the absence of an independent non-executive director at the annual general meeting held on May 30, 2024[59] - The unaudited consolidated interim financial report for the period has been reviewed by the Audit Committee with no disagreements noted[59] Future Outlook and Strategic Initiatives - The Company is focused on building a digital and intelligent support system, with plans to fully launch the Kunlun ERP by May 2025[30] - The Company is committed to deepening carbon asset management research and exploring hydrogen blending technology in city gas pipelines[28] - The company is focusing on the development of new energy projects and enhancing carbon asset management to ensure high-quality and stable growth[31] - The Company plans to promote the rapid development of gas and electricity in new energy businesses and achieve substantial progress in the Chongqing Tongliang natural gas distributed project[28]