北京控股(00392) - 2024 - 年度业绩

Financial Performance - The company's operating revenue for the year ended December 31, 2024, was approximately RMB 84.064 billion, an increase of 2.1% compared to the previous year[6] - The profit attributable to shareholders was approximately RMB 5.123 billion, representing a 5.0% increase after excluding the impact of one-time items from the previous year[6] - Operating revenue for 2024 reached RMB 84,064.09 million, an increase of RMB 1,750.76 million or 2.13% compared to 2023[16] - Net profit attributable to shareholders for 2024 was RMB 5,123.09 million, a decrease of RMB 375.20 million or 6.82% from 2023[16] - The group's pre-tax profit was RMB 7.546 billion, up 3.8% year-on-year, while the profit attributable to shareholders was approximately RMB 5.123 billion, reflecting a 5.0% increase after excluding one-off items from 2023[63] Dividends - The company proposed a final dividend of HKD 0.77 per share, along with an interim dividend of HKD 0.85 per share, resulting in a total annual dividend of HKD 1.62 per share, up 1.25% year-on-year[6] - The company plans to propose a final dividend of HKD 0.77 per share for 2024, compared to HKD 0.67 per share in 2023, representing a 15% increase[44] - The proposed final dividend for the year ending December 31, 2024, is 77 HKD cents per share, an increase from 67 HKD cents in 2023[82] Revenue by Segment - The gas business generated revenue of RMB 62,003 million, a slight increase of 0.87% year-over-year, but net profit decreased by 15.41% to RMB 4,281 million[15] - The environmental business saw a revenue increase of 9.42% to RMB 9,221 million, with net profit declining by 18.84% to RMB 1,129 million[15] - Beer business revenue rose by 3.50% to RMB 12,760 million, with net profit significantly increasing by 115.28% to RMB 493 million[15] - The LNG trading business contributed approximately RMB 15.469 billion in revenue, marking a significant year-on-year increase of 31.7%[64] - The environmental business revenue was approximately RMB 9.221 billion, with a year-on-year increase of 9.4%[65] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 209,752.12 million, up from RMB 204,454.71 million in 2023[19] - Total liabilities slightly increased to RMB 112,136,934 thousand in 2024 compared to RMB 111,405,341 thousand in 2023, reflecting a growth of 0.7%[20] - Current liabilities decreased to RMB 61,816,397 thousand in 2024 from RMB 62,224,025 thousand in 2023, showing a reduction of 0.7%[20] - The company's total assets are now RMB 209,752,117 thousand in 2024, up from RMB 204,454,706 thousand in 2023, marking an increase of 2.0%[20] Cash Flow and Financial Management - The company achieved a reduction in financial costs of over RMB 300 million year-on-year through debt structure optimization and currency swaps on existing dollar bonds[5] - Cash and cash equivalents increased to RMB 30,960.21 million in 2024 from RMB 28,858.36 million in 2023[19] - Interest income from bank deposits increased to RMB 1,103,996,000 in 2024, up from RMB 891,612,000 in 2023, reflecting a growth of approximately 24%[40] - Total financial expenses decreased to RMB 2,589,260,000 in 2024 from RMB 2,901,328,000 in 2023, a reduction of about 11%[41] Operational Highlights - The annual natural gas sales volume of Beijing Gas reached 23.8 billion cubic meters, a 2.1% increase from 23.3 billion cubic meters in the previous year[13] - The LNG distribution volume increased by 43.5% to 3.3 billion cubic meters, while the international trade volume of LNG rose by 50.0% to 2.4 billion cubic meters[13] - The total processing volume of liquefied natural gas at the Tianjin Nangang LNG project exceeded 1 million tons in its first year of full operation[6] - The gas transmission volume of the Beijing Pipeline Company was 88.07 billion cubic meters in 2024, reflecting an increase of 18.5% year-on-year[56] Strategic Initiatives - The company aims to enhance its market presence through strategic initiatives focused on innovation, resource optimization, and core industry focus[51] - Beijing Gas aims to deepen its core business while actively expanding into external markets, particularly through the market operation of the Tianjin South Port LNG project[76] - The environmental business aims to improve overall performance through asset quality enhancement, low-efficiency asset disposal, and increased technological innovation capabilities[80] - The company plans to implement a "limited diversification" strategy for mergers and acquisitions, aiming to create incremental value through resource integration and business synergy[81] ESG and Sustainability - The company received an upgrade to an A rating in ESG from MSCI, positioning it as a leader in the Asian utility sector[9] - The company is actively responding to carbon neutrality goals and promoting energy-saving and emission-reduction initiatives[96] - The company emphasizes the importance of digital transformation to drive business transformation and enhance operational efficiency[80] Employee and Governance - The group employed approximately 30,000 employees as of December 31, 2024, with a compensation policy that considers performance, professional capability, and market conditions[95] - The board of directors confirmed compliance with the standard code of conduct for securities trading throughout the fiscal year ending December 31, 2024[99]