昆仑能源(00135) - 2024 - 年度业绩

Financial Performance - Total natural gas sales volume increased by 9.91% to 54,170 million cubic meters in 2024 from 49,285 million cubic meters in 2023[4] - Revenue rose by 5.46% to RMB 187,046 million in 2024 compared to RMB 177,354 million in 2023[4] - Profit attributable to shareholders increased by 4.89% to RMB 5,960 million in 2024 from RMB 5,682 million in 2023[7] - Basic earnings per share grew by 4.89% to RMB 68.83 in 2024, up from RMB 65.62 in 2023[7] - Core profit attributable to shareholders increased by 3.50% to RMB 6,359 million in 2024 from RMB 6,144 million in 2023[4] - Total revenue for the year ended December 31, 2024, was RMB 191,404 million, an increase from RMB 182,861 million in 2023, representing a growth of approximately 4.3%[17] - Revenue from external customers for 2024 was RMB 187,046 million, compared to RMB 177,354 million in 2023, indicating an increase of about 5.5%[17] - The profit before tax for 2024 was RMB 12,635 million, slightly up from RMB 12,593 million in 2023, reflecting a marginal increase of 0.3%[19] - Total revenue for 2024 reached RMB 187,046 million, an increase of 5.5% from RMB 177,354 million in 2023[21] - Natural gas sales contributed RMB 152,090 million, up from RMB 140,600 million, reflecting a growth of 8.6%[21] Dividends and Shareholder Returns - The company declared an interim dividend of RMB 31.58 per share, an increase of 11.28% from RMB 28.38 per share in 2023[4] - The company plans to distribute a final dividend of RMB 1,314 million for 2024, compared to no dividend in 2023[28] - The proposed final dividend for 2024 is RMB 0.1517 per share, totaling approximately RMB 1,314 million, compared to RMB 2,457 million for the 2023 final dividend[79] - The dividend payout ratio for 2024 is approximately 43%, an increase from 40% in 2023[79] - The company has established a three-year dividend distribution plan aiming for a payout ratio of 45% by the fiscal year ending December 31, 2025[70] Assets and Liabilities - Total assets decreased slightly to RMB 143,390 million in 2024 from RMB 143,519 million in 2023[9] - Total equity increased to RMB 88,835 million in 2024, up from RMB 85,783 million in 2023[9] - Current liabilities decreased to RMB 35,676 million in 2024 from RMB 34,583 million in 2023[9] - Long-term borrowings decreased significantly to RMB 14,329 million in 2024 from RMB 19,027 million in 2023[9] - Total liabilities decreased to RMB 25,224 million in 2024 from RMB 27,800 million in 2023, a decline of 9.3%[32] - The company reported an increase in investments in associates to RMB 8,567 million in 2024 from RMB 7,980 million in 2023[19] - The company’s segment assets for 2024 were RMB 127,236 million, down from RMB 128,001 million in 2023[19] Operational Efficiency - The company’s operating cash flow was robust at RMB 12.585 billion, indicating strong financial health and operational efficiency[40] - The company’s depreciation, amortization, and impairment expenses totaled RMB 5,160 million for 2024, compared to RMB 4,992 million in 2023, indicating an increase of about 3.4%[17] - The average annual interest rate for capitalized borrowing costs was 3.41% in 2024, down from 3.94% in 2023[23] - Interest expenses decreased to RMB 803 million in 2024 from RMB 960 million in 2023, a reduction of 16.4%[23] - Employee compensation costs were approximately RMB 5.83 billion, a decrease of 2.4% from RMB 5.97 billion last year, with employee compensation accounting for 3.12% of operating revenue[53] Customer and Market Growth - The total number of urban gas users surpassed 16.454 million, reflecting the company's expanding customer base[37] - The company reported a natural gas sales volume of 54.170 billion cubic meters, representing a year-on-year growth of 9.9%, with retail gas volume increasing by 8.1% to 32.757 billion cubic meters[40] - The LPG sales volume was 5.7838 million tons, showing a slight increase of 0.3% year-on-year, while revenue from LPG sales decreased by 4.5% to RMB 25.601 billion[42] - The company’s LNG processing and storage operations demonstrated improved efficiency, with 14 LNG plants achieving a processing volume of 3.550 billion cubic meters, a year-on-year increase of 25.6%[43] Strategic Initiatives - The company is actively pursuing joint ventures in the gas industry, with eight quality urban gas projects underway to enhance long-term growth prospects[40] - The company aims to enhance its marketing strategy and focus on green, safe, and efficient development while optimizing its service ecosystem[45] Miscellaneous - The company has no significant acquisitions or disposals during the year[63] - The company faces foreign exchange risks due to borrowings denominated in currencies other than RMB[61] - The company has no significant contingent liabilities that would adversely affect its financial position[67] - The company employed 24,809 employees globally as of December 31, 2024, a decrease from 27,138 employees in 2023[66] - The company pledged RMB 1,878 million in borrowings against natural gas receivables, up from RMB 94 million in 2023[62]