Financial Performance - The company's operating revenue for the first half of 2024 was ¥2,395,484,460.83, representing a 9.76% increase compared to ¥2,182,420,196.46 in the same period last year[11]. - Net profit attributable to shareholders of the listed company reached ¥20,452,609.14, a significant turnaround from a loss of ¥55,283,415.43 in the previous year, marking a 137.00% increase[11]. - The net profit after deducting non-recurring gains and losses was ¥17,851,261.54, compared to a loss of ¥57,847,655.23 last year, reflecting a 130.86% improvement[11]. - The basic earnings per share for the reporting period was ¥0.1217, a recovery from a loss of ¥0.3291 per share in the same period last year, indicating a 136.98% increase[11]. - The company's LNG sales revenue for the first half of 2024 reached 2,350.22 million yuan, an increase of 9.18% compared to the same period last year[25]. - The company reported a significant increase in sales expenses, which rose by 95.08% to ¥7,842,072.33, primarily due to increased costs associated with LNG storage[30]. - The company reported a net profit of CNY 25,238,788.03 for the first half of 2024, a significant recovery from a net loss of CNY 66,215,193.07 in the same period of 2023[89]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,826,517,771.00, up 5.50% from ¥1,731,280,569.69 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company were ¥1,523,274,241.37, reflecting a 1.22% increase from ¥1,504,851,461.49 at the end of the previous year[11]. - The total assets increased to CNY 1,826,517,771.00 from CNY 1,731,280,569.69, an increase of about 5.5%[84]. - Total liabilities rose to CNY 303,243,529.63 from CNY 226,429,108.20, marking an increase of approximately 33.9%[84]. - The company's total equity increased to CNY 1,523,274,241.37 from CNY 1,504,851,461.49, reflecting an increase of about 1.22%[84]. Cash Flow - The net cash flow from operating activities was negative at -¥13,940,782.36, a decline of 116.26% compared to a positive cash flow of ¥85,731,791.21 in the same period last year[11]. - The company reported a net cash outflow from operating activities of ¥13,940,782.36 for the first half of 2024, contrasting with a net inflow of ¥85,731,791.21 in the first half of 2023[94]. - The net cash flow from investing activities was -2,970,192.93, an improvement from -21,111,219.31 in the previous year, indicating a reduced cash outflow[95]. - The net cash flow from financing activities was -31,119,845.88, an improvement from -39,600,000.00 in the previous year, indicating better management of financing[95]. Market and Industry Trends - In the first half of 2024, China's LNG apparent consumption increased by 22.0% year-on-year, reaching 28.3 billion cubic meters, with imported LNG accounting for 39.15% of the total supply[17]. - The average import cost of LNG in China for the first half of 2024 was CNY 4,844 per ton, a decrease of 7.5% year-on-year[15]. - The total LNG import volume for the first half of 2024 was 36.807 million tons, representing a year-on-year increase of 10.1%[20]. - The domestic LNG production volume was 17.22 billion cubic meters, showing a year-on-year increase of 11.5%[17]. - The company anticipates continued growth in LNG consumption driven by lower prices and increased industrial demand following the resumption of operations post-holidays[20]. Strategic Initiatives - The company is focusing on expanding its market share through the operation of new receiving stations and increasing supply sources[20]. - The company is establishing a wholly-owned subsidiary in Singapore, SENTON ENERGY SINGAPORE PTE. LTD., to enhance direct procurement channels and reduce overall LNG procurement costs[22]. - The company aims to expand its market presence in Southwest and Northwest China, enhancing promotional efforts to attract more quality customers[26]. - The company emphasizes a complete LNG industry chain, covering procurement, transportation, sales, and terminal applications, enhancing its competitive advantage[27]. Risk Management - The management discussed potential risks and countermeasures in the report, highlighting the importance of risk awareness for investors[2]. - The company faces risks from macroeconomic fluctuations, supplier concentration, and increased market competition, and plans to enhance resource allocation and market diversification to mitigate these risks[49]. - Fuel costs, primarily from LNG and diesel, are a significant part of transportation expenses, and the company is optimizing fuel procurement to manage costs effectively[50]. Corporate Governance - The company actively protects shareholder rights and maintains transparent communication with investors to enhance corporate governance[54]. - The company held its annual general meeting on May 24, 2024, with a participation rate of 75.01%[52]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[56]. Accounting and Compliance - The company’s accounting policies comply with the requirements of the enterprise accounting standards[113]. - The company has confirmed that there are no issues with the disclosure of the usage of raised funds, ensuring compliance with relevant laws and regulations[44]. - The company has not engaged in any securities or derivative investments during the reporting period[39]. Shareholder Information - The total number of shares is 168,000,000, with 75.00% being limited sale shares and 25.00% being unrestricted sale shares[71]. - The largest shareholder, Wei Jisheng, holds 36.97% of the shares, while the second-largest, Longkou Yunxuan Investment Center, holds 9.89%[71]. - There are 15,019 common shareholders at the end of the reporting period[71]. Environmental and Safety Practices - The company emphasizes safety in operations and has implemented a comprehensive safety management system to prevent accidents during LNG and crude oil transportation[50]. - The company is committed to environmental protection and sustainable development, continuously improving its safety management and environmental practices[55].
胜通能源(001331) - 2024 Q2 - 季度财报