中国燃气(00384) - 2023 - 年度业绩

Financial Performance - For the fiscal year ending March 31, 2023, China Gas Holdings Limited reported revenue of HKD 91,988,445, an increase of 4.0% from HKD 88,225,193 in the previous year[2]. - The cost of sales for the same period was HKD 79,953,770, up from HKD 72,486,201, reflecting a rise of 10.3%[2]. - The annual profit attributable to the owners of the company decreased to HKD 4,293,484 from HKD 7,662,036, representing a decline of 43.5%[3]. - The basic and diluted earnings per share for the year were both HKD 0.80, down from HKD 1.39 in the previous year[3]. - Total comprehensive income for the year attributable to the owners was a loss of HKD 1,890,761 compared to a gain of HKD 9,845,102 in the prior year[3]. - The company reported a significant foreign exchange loss of HKD 6,858,730 for the year, impacting overall financial performance[3]. - Revenue increased by 4.3% to HKD 91.99 billion, while net profit decreased by 41.8% to HKD 5.11 billion, resulting in a basic earnings per share of HKD 0.80, down 42.4% year-on-year[29]. - The company's profit for the year 2023 was HKD 4,293,484,000, a decrease of 43.5% compared to HKD 7,662,036,000 in 2022[17]. - The total revenue for the year was HKD 78,178,611,000, compared to HKD 68,330,067,000 in the previous year, reflecting a growth of approximately 14%[16]. - Gross profit decreased by 23.5% to HKD 12,034,675 thousand, down from HKD 15,738,992 thousand year-over-year[31]. - The overall gross profit margin decreased to 13.1% from 17.8% in the previous year, while the attributable profit to shareholders fell by 44.0% to HKD 4,293,484,000[43]. Assets and Liabilities - As of March 31, 2023, total assets were HKD 105,511,006, a decrease from HKD 108,859,204 in the previous year[5]. - Current liabilities decreased to HKD 51,780,203 from HKD 54,287,148, indicating a reduction of 4.7%[5]. - The company's equity attributable to owners was HKD 57,900,584, down from HKD 63,577,893, a decline of 8.5%[5]. - Non-current liabilities increased to HKD 40,720,627 from HKD 36,790,051, reflecting an increase of 10.5%[5]. - As of March 31, 2023, total assets were valued at HKD 157,291,209,000, down from HKD 163,146,352,000 a year earlier, while cash and bank balances increased to HKD 10,617,686,000 from HKD 10,188,486,000[49]. - The group maintained a current ratio of 1.01 and a net debt-to-equity ratio of 0.76 as of March 31, 2023, compared to 1.02 and 0.64, respectively, a year earlier[49]. - As of March 31, 2023, the total amount of bank loans and other loans was HKD 60 billion, with sufficient funding sources to meet future capital expenditure and operational needs[51]. Revenue Sources - Total revenue for the year ended March 30, 2023, was HKD 97,481,630, with significant contributions from natural gas sales (HKD 57,550,916) and liquefied petroleum gas sales (HKD 22,499,530)[11]. - The company reported a total segment profit of HKD 10,439,468, with notable profits from natural gas sales (HKD 4,204,951) and engineering design and construction (HKD 1,926,587)[13]. - The segment revenue from external customers was HKD 91,988,445, indicating a strong market presence[11]. - The group achieved LPG sales of 4.132 million tons, a year-on-year decrease of 3.2%, with wholesale sales down 4.3% to 3.397 million tons and retail sales up 2.1% to 0.735 million tons[39]. - Total LPG sales revenue amounted to HKD 22,499,530,000, a decrease of 2.5% compared to HKD 23,080,845,000 in the previous year, while the pre-tax profit increased by 110.0% to HKD 67,889,000[39]. Operational Highlights - The company has restructured its internal reporting segments, identifying new operational divisions for better resource allocation and performance assessment[11]. - The company has identified urban heating and integrated energy services as independent operational segments for enhanced reporting[11]. - The company is focusing on expanding its market presence and enhancing its service offerings through strategic restructuring[11]. - The company connected 2,299,452 new residential users during the period, bringing the total to 45,394,697, a growth of approximately 5.3% year-over-year[34]. - The company operates 533 CNG/LNG refueling stations, with a focus on transitioning some stations to multi-energy mixed stations to enhance operational efficiency[36]. - The company has invested in a smart gas project in Wuhu, Anhui, enhancing safety operations and energy supply management through digitalization and smart technology[30]. - A smart gas project in Shiyan, Hubei, focuses on emergency management digitalization, improving emergency response capabilities and creating a new national model for smart emergency management[30]. - The company is actively enhancing gas price management to alleviate cost pressures amid rising procurement prices[29]. - The urban gas industry in China experienced negative growth for the first time in 20 years, attributed to a sluggish real estate market and pandemic factors[28]. Governance and Compliance - The company has complied with the corporate governance code as per the listing rules for the fiscal year ending March 31, 2023, but deviated from code provision C.2.1 regarding the separation of roles between the chairman and CEO[57]. - All directors confirmed compliance with the standard code for securities trading during the fiscal year ending March 31, 2023[58]. - The board's audit committee reviewed the accounting standards and practices adopted by the group for the fiscal year ending March 31, 2023[59]. - The company and its subsidiaries did not purchase, sell, or redeem any of the company's shares during the fiscal year ending March 31, 2023[60].