DELONG CO-ENERGY(SZ:000593)2025-04-25 12:40Financial Performance - The company's operating revenue for 2024 was CNY 1,736,587,208.94, an increase of 8.53% compared to CNY 1,600,101,468.57 in 2023[18]. - The net profit attributable to shareholders for 2024 was CNY 19,047,054.51, a significant turnaround from a loss of CNY 241,326,305.19 in 2023, representing a 107.89% improvement[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,299,310.95, compared to a loss of CNY 249,083,633.37 in the previous year, marking a 104.54% increase[18]. - The basic earnings per share for 2024 was CNY 0.053, recovering from a loss of CNY 0.673 in 2023, reflecting a 107.88% increase[18]. - The total assets at the end of 2024 were CNY 1,957,448,719.76, a decrease of 6.57% from CNY 2,095,147,072.62 at the end of 2023[18]. - The net assets attributable to shareholders at the end of 2024 were CNY 848,790,237.02, a slight increase of 0.13% from CNY 847,679,031.73 in 2023[18]. - The company's cash flow from operating activities for 2024 was CNY 135,062,829.11, down 43.35% from CNY 238,420,468.87 in 2023[18]. - The weighted average return on net assets for 2024 was 2.25%, an increase of 26.87 percentage points from -24.62% in 2023[18]. Market Position and Growth - Domestic natural gas consumption in 2024 reached 426.05 billion cubic meters, representing an 8% year-on-year increase[29]. - The company maintained a market position with over 548,000 users and an annual operating gas volume of 530 million cubic meters[34]. - The company added 28,000 new users during the reporting period, bringing the total number of users to 548,000, representing a year-on-year growth of 5.38%[37]. - The company’s LNG supply in 2024 included 7.44 million tons of imported LNG, a 7.3% increase year-on-year, and 2.49 million tons of domestic LNG, a 22.07% increase[30]. - The company is positioned as a leader in the clean energy service sector, with a focus on low-carbon and intelligent energy solutions[34]. Operational Efficiency and Cost Management - The company implemented centralized procurement for 237 items across 19 categories, achieving a procurement cost reduction rate of 18.83%[53]. - The company reported a 78.7% centralized procurement rate, an increase of approximately 8 percentage points year-on-year[53]. - The company plans to deepen refined management and operations in urban gas business to ensure steady growth in performance[48]. - The company achieved a gross profit margin increase due to a reduction in impairment provisions compared to the previous year, contributing to a CNY 29,158.45 million operating profit, up 113.98%[60]. Strategic Initiatives and Future Plans - The company plans to deepen its gas market presence and enhance resource allocation capabilities by 2025[120]. - The company aims to transition from a traditional gas enterprise to a comprehensive energy service provider by focusing on hydrogen and photovoltaic industries[121]. - The company is actively exploring new market opportunities to enhance revenue streams and shareholder value[1]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $300 million allocated for potential deals[161]. Safety and Compliance - Safety management is a top priority for the company, which continuously improves its safety risk prevention system and implements strict safety measures[128]. - The company achieved a "zero" safety production record, completing safety inspections for 378,000 households and identifying 4,976 safety hazards during the reporting period[40]. - The internal control system was continuously improved, with no significant defects identified during the reporting period according to the audit by Sichuan Huaxin Accounting Firm[185]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, and has been actively involved in decision-making and oversight of the company's core strategies[135]. - The company has established a comprehensive governance structure, including various committees to enhance operational efficiency and protect shareholder rights[138]. - The management team is responsible for daily operations and implementing board decisions, focusing on project selection, internal control reforms, and safety management[140]. - The company has a dedicated personnel management system, ensuring independence in recruitment and salary decisions[144]. Environmental and Social Responsibility - The company aims to deepen its clean energy service network, focusing on solar and hydrogen energy sectors[190]. - The company actively participates in charitable initiatives, contributing to the "New Reading Growth Plan" to support rural children with donations for books[200]. - The management team emphasized a commitment to sustainability, aiming for a 25% reduction in carbon emissions by 2025[161].