SPNG(002267)2022-04-11 16:00Dividend Distribution - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares to all shareholders, based on a total of 1,112,075,445 shares[4]. - The proposed cash dividend for 2021 is 3.00 RMB per 10 shares, amounting to 333,622,633.50 RMB, based on a total share capital of 1,112,075,445 shares[179]. - The cash dividend for the reporting period accounted for 100% of the total profit distribution[179]. - The company distributed a cash dividend of 2.00 RMB per 10 shares, totaling 222,415,089.00 RMB, approved on May 31, 2021, and executed by July 2021[177]. - Since its listing in 2008, the company has cumulatively distributed cash dividends amounting to 2.381 billion yuan over thirteen years[197]. Financial Performance - The company's operating revenue for 2021 was ¥7,562,633,312.26, a decrease of 7.73% compared to 2020[21]. - The net profit attributable to shareholders for 2021 was ¥421,256,963.59, an increase of 18.14% year-over-year[21]. - The net profit after deducting non-recurring gains and losses was ¥396,290,964.14, reflecting a growth of 21.05% from the previous year[21]. - The company's cash flow from operating activities was ¥771,406,271.88, down 22.73% compared to 2020[21]. - The diluted earnings per share for 2021 was ¥0.3788, an increase of 18.15% from ¥0.3206 in 2020[23]. - The total assets at the end of 2021 were ¥12,993,310,176.30, a decrease of 2.45% from the previous year[23]. - The weighted average return on equity for 2021 was 6.74%, up from 5.85% in 2020[23]. - Total revenue for 2021 was ¥7,562,633,312.26, a decrease of 7.73% compared to ¥8,195,788,686.41 in 2020[53]. - The company reported a total operating cost of ¥6,780,181,899.36, which is an 8.38% decrease compared to the previous year[57]. Business Operations - The company has not reported any changes in its main business since its listing[19]. - The company has not made any changes to its registered address or business operations[19]. - The company has engaged Sigma Accounting Firm for auditing services during the reporting period[20]. - The company has confirmed the accuracy and completeness of its financial report for the year[3]. - The company has maintained its commitment to transparency and compliance with regulatory requirements[4]. - The company has established 8 CNG refueling stations to provide stable gas supply to areas not covered by the pipeline network[40]. - The company has constructed and operated a natural gas pipeline network covering 3,833 kilometers, with an annual gas transmission capacity of 16.5 billion cubic meters, serving 11 cities in Shaanxi Province[37]. Market Strategy and Growth - The company plans to expand its downstream market through partnerships and acquisitions, focusing on urban gas services and natural gas sales[34]. - The company aims to enhance its competitiveness in the terminal gas market by improving decision-making speed and pricing strategies[34]. - The company is focusing on expanding its market presence through mergers and acquisitions, particularly in the urban gas sector, to strengthen its industry position[107]. - The company anticipates a steady growth period for the natural gas consumption market, driven by national carbon reduction goals and the transition to cleaner energy sources[106]. - The company plans to invest 525 million yuan in fixed assets to support its operational goals for 2022[110]. - The company is positioned to capitalize on growth opportunities in the natural gas market, driven by increasing demand[141]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements regarding future plans and strategies[4]. - The company has detailed potential risks and countermeasures in its management discussion and analysis section[4]. - The company is addressing risks related to reliance on major gas suppliers, particularly PetroChina, and is working to diversify its resource supply[111]. - The company is preparing for potential adjustments in natural gas pipeline transportation pricing, which could impact short-term profits but may stimulate user demand in the long run[111]. Corporate Governance - The company has a complete governance structure with clear responsibilities among the board, supervisory board, and management[117]. - The company has continuously improved its governance structure and internal control systems in compliance with relevant laws and regulations[117]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial matters[127]. - The company has established an independent financial department with a separate accounting system, ensuring independent financial decision-making without interference from controlling shareholders[129]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management[123]. Research and Development - The company applied for 9 patents during the reporting period, including 3 invention patents and 6 utility model patents, enhancing its technological innovation capabilities[43]. - The company has reduced its research and development expenses by 31.74% compared to the previous year, amounting to approximately 23.87 million yuan[50]. - The total R&D investment for 2021 was ¥40,386,852.64, a decrease of 7.26% compared to ¥43,547,944.94 in 2020[80]. - The capitalized R&D investment increased by 92.67% to ¥16,512,071.51 in 2021, up from ¥8,570,341.07 in 2020[80]. - The company achieved a 40.88% capitalization rate for R&D investments in 2021, an increase of 21.20 percentage points from 19.68% in 2020[80]. Employee and Management - The total number of employees at the end of the reporting period was 2,169, with 1,074 in the parent company and 1,095 in major subsidiaries[172]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 5,512,600 CNY[159]. - The company has a four-level education and training system in place, focusing on skill enhancement and management training[175]. - The management highlighted a focus on sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2030[145]. Investor Relations - The company responded to 226 investor inquiries on the interactive platform, significantly increasing engagement compared to the previous year[198]. - The company has established a comprehensive investor relations management system to ensure timely and accurate disclosure of information relevant to investment decisions[198]. - The company disclosed 104 announcements through designated media, ensuring timely and accurate information dissemination[123].