新天然气(603393) - 2023 Q2 - 季度财报

Financial Performance - The company achieved operating revenue of 1.83 billion RMB, a year-on-year increase of 7.59%[13] - The net profit attributable to shareholders reached 484 million RMB, reflecting a year-on-year growth of 0.72%[13] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 479 million RMB, a decrease of 2.30% year-on-year[13] - The basic earnings per share were 1.14 RMB, with a diluted earnings per share of 1.13 RMB after excluding non-recurring gains and losses[13] - The company's main business revenue for the current period is CNY 1,249,027,863.56, a decrease of 4.56% compared to CNY 1,308,674,020.88 in the same period last year[54] - The main business profit for the current period is CNY 786,897,810.88, a decrease of 3.73% compared to CNY 817,354,720.24 in the same period last year[54] - The company's main business revenue from gas sales is CNY 75,971,126.37, an increase of 32.52% compared to CNY 57,327,173.88 in the same period last year[54] - The main business profit from gas sales is CNY 18,583,435.90, an increase of 76.88% compared to CNY 10,506,082.45 in the same period last year[54] - Total comprehensive income amounted to ¥791,582,724.16, slightly down from ¥795,299,654.62 in the previous period[85] - Net income attributable to the parent company was ¥449,424,158.69, compared to ¥470,245,911.99 last year, reflecting a decrease of approximately 4.3%[85] Production and Resources - The company reported a natural gas production of 115.5 billion cubic meters in China, a year-on-year increase of 5.4%[10] - The natural gas consumption in China reached 194.1 billion cubic meters, growing by 5.6% year-on-year[10] - The company acquired new coalbed methane resources covering an exploration area of approximately 528.3 square kilometers[13] - The company maintained a high production and sales ratio, ensuring a balanced supply and demand[13] - The company is actively exploring new projects and resources in various regions, including Xinjiang, Henan, Shandong, and Inner Mongolia[13] Financial Position - The company's cash and cash equivalents increased to ¥5,618,514,870.38, representing 34.85% of total assets, up 80.41% from the previous year[19] - The company's short-term borrowings rose to ¥601,859,823.38, accounting for 3.73% of total assets, an increase of 234.17% compared to the previous year[19] - The company's contract assets grew significantly by 223.21% to ¥38,102,249.22, now representing 0.24% of total assets[19] - The company reported a decrease in trading financial assets to ¥119,977,813.23, which is 0.74% of total assets, down 58.53% year-over-year[19] - The company has seen a 71.79% increase in other current assets, totaling ¥75,350,946.07, primarily due to an increase in VAT credits[19] - The company’s accounts receivable increased by 75.00% to ¥28,000,000.00, reflecting improved cash flow management[19] - The company has reduced its deferred tax assets by 49.43% to ¥10,725,832.15, indicating a decrease in impairment losses recognized[19] Asset Management and Investments - The company has initiated a major asset purchase involving Xinjiang Xintai Natural Gas Co., which was approved in the recent shareholder meeting[26] - The company has increased its construction projects, with ongoing projects in the Zijin Mountain area contributing to a total of ¥1,677,812,907.77 in construction in progress, representing 10.41% of total assets[19] - Cash flow from investing activities showed a net outflow of ¥625,976,381.85, worsening from a net outflow of ¥500,775,129.02 in the prior period[88] - The investment income for the first half of 2023 was CNY 22,502,059.66, a decrease from CNY 136,030,473.73 in the previous year, indicating a decline in investment performance[112] Environmental and Social Responsibility - The company has actively engaged in environmental impact assessments for its projects, ensuring compliance with regulations and enhancing its sustainability practices[31] - The company has committed to not interfere with the management activities and not infringe on the company's interests[40] - The company has actively participated in rural revitalization efforts, helping local farmers sell their products[34] - The company has implemented measures for hazardous waste management and energy conservation[33] - The company has set a long-term goal of achieving carbon neutrality by 2060, with an annual reduction of carbon emission intensity by 2.5%[61] - In the first half of 2023, the company improved its carbon emission management system, identifying emission sources and planning reductions[61] - The company has established a climate change governance system to address transition and physical risks associated with climate change[61] - The company has implemented energy-saving measures, including changing compressor startup methods to improve operational efficiency[61] Shareholder and Corporate Governance - The company plans to privatize through its wholly-owned subsidiary, offering 1.85 HKD per share to shareholders[16] - The privatization of the company was completed, with shareholders receiving a cash payment of HKD 1.85 per share[73] - The total number of ordinary shareholders at the end of the reporting period was 30,728[77] - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[68] - The company has committed to avoiding related party transactions that could harm the interests of minority shareholders[63] - There were no significant litigation or arbitration matters during the reporting period[43] Accounting and Financial Reporting - The financial statements were prepared based on the assumption of going concern for the next 12 months[152] - The company has implemented specific accounting policies and estimates regarding revenue recognition[127] - The company’s financial statements comply with the requirements of the accounting standards and reflect the financial position as of June 30, 2023[153] - The company recognizes its share of jointly held assets and liabilities in joint operations, and revenue from the sale of joint operation outputs is recognized accordingly[162] - The company categorizes accounts receivable into different groups based on credit risk characteristics, including industrial users and individual commercial users[177] - The company applies the weighted average method for inventory valuation upon issuance and usage[179] - The company will adjust the carrying amount of inventory to the lower of cost and net realizable value, recognizing impairment when necessary[180]