洪通燃气(605169) - 2024 Q3 - 季度财报

Important Information This section provides an overview of Xinjiang Hongtong Gas Co., Ltd.'s Q3 2024 report, emphasizing management's assurance of accuracy and the unaudited status of financial statements Overview This report presents Xinjiang Hongtong Gas Co., Ltd.'s Q3 2024 results, with management assuring accuracy, though financial statements remain unaudited - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[2] - The third-quarter financial statements are unaudited[2] I. Key Financial Data This section details the company's significant financial performance, including key accounting data, financial indicators, non-recurring items, and the underlying reasons for changes (I) Key Accounting Data and Financial Indicators The company achieved significant financial growth in Q3 2024 and year-to-date, with substantial increases in operating revenue and net profit attributable to shareholders, alongside improved EPS and ROE | Item | Current Period | Change from Prior Year Period (%) | Year-to-Date | Year-to-Date Change from Prior Year Period (%) | |:---|:---|:---|:---|:---| | Operating Revenue (CNY) | 853,216,714.94 | 65.69 | 1,959,796,707.78 | 54.21 | | Net Profit Attributable to Shareholders (CNY) | 102,063,028.00 | 60.43 | 164,910,266.52 | 52.21 | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (CNY) | 101,739,162.19 | 60.07 | 163,620,272.01 | 51.18 | | Net Cash Flow from Operating Activities (CNY) | N/A | N/A | 118,621,460.56 | -15.91 | | Basic Earnings Per Share (CNY/share) | 0.3609 | 60.47 | 0.5867 | 53.19 | | Weighted Average ROE (%) | 5.48 | Increase of 1.87 percentage points | 8.88 | Increase of 2.73 percentage points | | Total Assets (CNY) | 2,541,485,007.49 | -0.54 (vs. end of prior year) | 2,541,485,007.49 | -0.54 (vs. end of prior year) | | Total Equity Attributable to Shareholders (CNY) | 1,915,078,406.52 | 5.66 (vs. end of prior year) | 1,915,078,406.52 | 5.66 (vs. end of prior year) | (II) Non-Recurring Gains and Losses Items and Amounts The company reported non-recurring gains and losses, including asset impairment reversals and government subsidies, contributing CNY 323,865.81 to current period net profit and CNY 1,289,994.51 year-to-date | Non-Recurring Gains and Losses Item | Current Period Amount (CNY) | Year-to-Date Amount (CNY) | |:---|:---|:---| | Gains/Losses on Disposal of Non-Current Assets, including write-back of impairment provisions | 216,391.51 | 314,866.97 | | Government Subsidies Included in Current Period Profit/Loss | 0.00 | 412,844.04 | | Reversal of Impairment Provisions for Accounts Receivable Subject to Separate Impairment Testing | 200,000.00 | 470,000.00 | | Other Non-Operating Income and Expenses Apart from the Above | -588,628.47 | -648,954.41 | | Other Profit/Loss Items Meeting the Definition of Non-Recurring Gains and Losses | 451,656.73 | 865,143.46 | | Less: Income Tax Impact | -49,111.91 | -211,340.06 | | Impact on Minority Interests (After Tax) | 93,557.95 | 87,434.51 | | Total | 323,865.81 | 1,289,994.51 | (III) Changes and Reasons for Key Accounting Data and Financial Indicators The company's significant revenue and net profit growth resulted from the commissioning of new LNG facilities, increased production and sales, and rising LNG and industrial/commercial gas prices, which also improved gross margins - Operating revenue increased by 65.69% in the current period and 54.21% year-to-date, primarily due to the commissioning of new LNG peak-shaving plants and production facilities, leading to increased capacity, output, and sales[6][7] - Net profit attributable to shareholders increased by 60.43% in the current period and 52.21% year-to-date, mainly driven by a significant increase in LNG and industrial/commercial gas sales volume, higher sales prices aligned with market conditions, and improved gross margins for LNG and industrial/commercial gas compared to the prior year[7] II. Shareholder Information This section provides an overview of the company's shareholder structure, including the total number of common shareholders and detailed holdings of the top ten shareholders (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the reporting period end, the company had 17,217 common shareholders, with Liu Hongbing, a controlling shareholder, holding 43.18% and having related party relationships; the company's repurchase account held 0.98% of total shares - The total number of common shareholders at the end of the reporting period was 17,217[8] | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | Number of Restricted Shares Held | Share Status | Pledged, Marked, or Frozen Quantity | |:---|:---|:---|:---|:---|:---|:---| | Liu Hongbing | Domestic Natural Person | 122,152,423 | 43.18 | 122,152,423 | None | | | Tian Hui | Domestic Natural Person | 28,152,832 | 9.95 | 0 | Pledged | 8,900,000 | | Tan Suqing | Domestic Natural Person | 27,868,346 | 9.85 | 27,868,346 | None | | | Horgos Hongtong Equity Investment Management Partnership (Limited Partnership) | Other | 19,215,425 | 6.79 | 0 | None | | | Liu Changjiang | Domestic Natural Person | 5,673,977 | 2.01 | 0 | None | | | Bazhou Hongtong Equity Investment Management Partnership (Limited Partnership) | Other | 4,947,494 | 1.75 | 0 | None | | | Wang Yajun | Domestic Natural Person | 2,979,227 | 1.05 | 0 | None | | | Qin Wei | Domestic Natural Person | 1,308,292 | 0.46 | 0 | None | | | Tan Xiulian | Domestic Natural Person | 478,788 | 0.17 | 478,788 | None | | | Zhao Yong | Domestic Natural Person | 478,788 | 0.17 | 0 | None | - Liu Hongbing is one of the controlling shareholders and actual controllers, and spouse of Tan Suqing; Tan Suqing is one of the actual controllers and spouse of Liu Hongbing; Liu Changjiang is the spouse of Tan Suqiong, who is Tan Suqing's elder sister and Tan Xiulian's younger sister; Qin Wei is the son of Tan Suqiong; Tan Xiulian is Tan Suqing's elder brother; Liu Hongbing, as the executive partner, holds 30.77% of Horgos Hongtong Equity Investment Management Partnership (Limited Partnership); Tan Xiulian, as the executive partner, holds 11.61% of Bazhou Hongtong Equity Investment Management Partnership (Limited Partnership)[9] - As of the end of this reporting period, the company's special repurchase account had cumulatively repurchased 2,763,358 shares, accounting for 0.98% of the company's total share capital[9] III. Other Reminders This section confirms that there are no additional significant operating matters requiring special attention from investors during the reporting period Overview During the reporting period, the company had no other significant operating information requiring special attention from investors - There is no other significant operating information regarding the company's reporting period that requires special attention from investors[12] IV. Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement for the reporting period (I) Type of Audit Opinion The quarterly financial statements are unaudited - The quarterly financial statements are unaudited[12] (II) Financial Statements This section provides the consolidated balance sheet as of September 30, 2024, and the consolidated income statement and cash flow statement for January-September 2024, presenting the company's financial position, operating results, and cash flows Consolidated Balance Sheet As of September 30, 2024, total assets slightly decreased, but equity attributable to shareholders increased, with notable changes in current assets like accounts receivable and prepayments, and a reduction in construction in progress | Item | September 30, 2024 (CNY) | December 31, 2023 (CNY) | |:---|:---|:---| | Cash and Cash Equivalents | 705,245,569.06 | 810,175,307.73 | | Accounts Receivable | 62,705,067.27 | 13,239,101.61 | | Prepayments | 137,954,295.08 | 46,390,118.90 | | Total Current Assets | 991,386,837.75 | 971,218,501.64 | | Fixed Assets | 1,203,715,223.86 | 1,185,101,880.87 | | Construction in Progress | 73,940,706.35 | 138,673,591.28 | | Total Non-Current Assets | 1,550,098,169.74 | 1,584,056,870.64 | | Total Assets | 2,541,485,007.49 | 2,555,275,372.28 | | Short-term Borrowings | 108,222,666.67 | 115,118,708.33 | | Accounts Payable | 163,891,682.74 | 215,815,949.23 | | Total Current Liabilities | 420,699,123.29 | 525,456,581.45 | | Total Liabilities | 561,492,159.50 | 679,398,064.23 | | Total Equity Attributable to Parent Company Shareholders | 1,915,078,406.52 | 1,812,502,892.12 | | Total Equity | 1,979,992,847.99 | 1,875,877,308.05 | | Total Liabilities and Equity | 2,541,485,007.49 | 2,555,275,372.28 | Consolidated Income Statement For the first three quarters of 2024, total operating revenue surged 54.21% to CNY 1.96 billion, with net profit reaching CNY 162.48 million (up 54.39%) and EPS at CNY 0.5867 (up 53.19%) | Item | Q1-Q3 2024 (Jan-Sep) (CNY) | Q1-Q3 2023 (Jan-Sep) (CNY) | |:---|:---|:---| | Total Operating Revenue | 1,959,796,707.78 | 1,270,840,365.59 | | Total Operating Costs | 1,771,392,098.18 | 1,150,990,359.41 | | Operating Profit | 191,505,775.10 | 124,118,812.36 | | Total Profit | 190,856,820.69 | 123,110,169.99 | | Net Profit | 162,478,479.84 | 105,245,779.70 | | Net Profit Attributable to Parent Company Shareholders | 164,910,266.52 | 108,342,089.77 | | Minority Interests | -2,431,786.68 | -3,096,310.07 | | Total Comprehensive Income | 163,158,822.42 | 89,983,349.65 | | Basic Earnings Per Share (CNY/share) | 0.5867 | 0.3830 | Consolidated Cash Flow Statement In Q1-Q3 2024, net cash flow from operating activities was CNY 118.62 million (down 15.91%), while investing and financing activities resulted in net outflows, with period-end cash and cash equivalents at CNY 698.92 million | Item | Q1-Q3 2024 (Jan-Sep) (CNY) | Q1-Q3 2023 (Jan-Sep) (CNY) | |:---|:---|:---| | Net Cash Flow from Operating Activities | 118,621,460.56 | 141,067,661.86 | | Net Cash Flow from Investing Activities | -116,659,592.37 | -154,295,265.31 | | Net Cash Flow from Financing Activities | -113,213,606.86 | -19,381,376.37 | | Net Increase in Cash and Cash Equivalents | -111,251,738.67 | -32,608,979.82 | | Cash and Cash Equivalents at Period End | 698,923,569.06 | 744,323,603.13 |