新天然气(603393) - 2022 Q4 - 年度财报

Financial Performance - The total comprehensive income for the year was approximately CNY 39.77 million, with a significant increase compared to the previous year[11]. - The net cash flow from operating activities was CNY 1.84 billion, showing an increase from CNY 1.46 billion in the previous year[13]. - The company reported a basic earnings per share of CNY 2.60, reflecting a decrease from the previous year's earnings[11]. - The company reported a net profit of CNY 206,144,304.33 in Q1 2022, with a total operating revenue of CNY 1,055,861,947.48[181]. - The company's operating revenue for 2022 was CNY 3,416,239,655.70, representing a 30.54% increase compared to CNY 2,616,981,738.30 in 2021[174]. - Net profit attributable to shareholders for 2022 was CNY 923,264,401.11, a decrease of 10.23% from CNY 1,028,440,745.54 in the previous year[177]. - The net profit after deducting non-recurring gains and losses increased by 56.50% to CNY 937,047,443.22 in 2022 from CNY 598,760,717.74 in 2021[177]. - Basic earnings per share for 2022 decreased by 18.66% to CNY 2.18 from CNY 2.68 in 2021[178]. - The weighted average return on equity for 2022 was 18.99%, down 12.04 percentage points from 31.03% in 2021[178]. Cash Flow and Investments - The net cash flow from investing activities was negative at CNY -1.63 billion, compared to CNY -771.95 million in the previous year, indicating increased investment outflows[13]. - The cash inflow from financing activities totaled CNY 1.16 billion, while cash outflows for debt repayment were CNY 869.43 million[13]. - The company has ongoing investments in long-term prepaid expenses related to infrastructure, which are expected to benefit future periods[152]. - The company is focused on enhancing its financial instruments, including preferred shares and perpetual bonds, to optimize its capital structure[159]. Assets and Liabilities - The total assets of the company increased to CNY 799.89 million, up from CNY 752.09 million in the previous year[25]. - The total assets at the end of 2022 were CNY 12,633,998,327.11, a 14.42% increase from CNY 11,041,373,100.64 at the end of 2021[177]. - The company recognizes expected liabilities related to loss contracts and restructuring obligations, indicating proactive risk management strategies[156]. Operational Scope and Strategy - The company has expanded its operational scope to include oil and gas extraction following the acquisition of Asia Energy Holdings Limited in August 2018[31]. - The company operates in multiple regions, including Urumqi and Shanxi, focusing on natural gas distribution and coalbed methane development[31]. - The company plans to continue its market expansion and investment in new technologies to enhance operational efficiency[31]. - The company focused on enhancing quality and efficiency, implementing targeted marketing strategies to expand market share among industrial users[183]. - The company deepened cooperation with PetroChina to ensure stable upstream gas supply, optimizing management models to reduce costs and increase efficiency[183]. - The company conducted market research in regions like Xinjiang and Sichuan, focusing on clean energy projects such as city gas and LNG terminals[183]. - The company increased investment in technological innovation, enhancing its core technology development capabilities in coalbed methane exploration and infrastructure[183]. Risk Management - The company has not identified any significant risks that could impact its normal operations during the reporting period[6]. - The company recognizes government grants as deferred income and accounts for them systematically over the useful life of the related assets[164]. - The company confirms deferred tax assets only to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized[167]. Accounting Policies - The company determines the scope of consolidated financial statements based on control, which includes the company and all subsidiaries[36]. - The company begins consolidating a subsidiary from the date it obtains control over the net assets and operational decisions, ceasing consolidation upon loss of control[36]. - The company adjusts the financial statements of subsidiaries to align with its accounting policies and periods when there are inconsistencies[36]. - The company measures remaining equity at fair value upon loss of control over a subsidiary, with the difference recognized as investment income[37]. - The company applies specific accounting treatments for transactions involving the disposal of subsidiary equity, determining whether they constitute a bundled transaction[37]. - The company’s financial statements comply with the requirements of the accounting standards and reflect the financial position as of December 31, 2022[63]. - The company’s consolidated financial statements include all subsidiaries under its control, ensuring comprehensive financial reporting[60]. - The company’s long-term equity investments are accounted for based on control, joint control, or significant influence over the investee[52]. Employee and Governance - The company has a policy for employee benefits, including post-employment benefits and other long-term employee benefits[127]. - The company is actively managing its employee compensation liabilities, which include short-term and long-term benefits, reflecting a commitment to workforce stability[154]. - The company adhered to compliance governance, continuously improving its governance level in accordance with regulatory requirements[183]. Market and Economic Context - The national natural gas production reached 217.8 billion cubic meters, a year-on-year increase of 6.4%, while imports decreased by 9.9% to 10.925 million tons[187]. - The company’s stock is listed on the Shanghai Stock Exchange under the name "New Natural Gas" with the stock code 603393[172]. - The company discloses its annual report through media such as "Shanghai Securities News" and "Securities Times"[198].