2023-09-11 08:36Financial Performance - The Group recorded natural gas sales volume of 23,916 million cubic metres, representing a year-on-year increase of 9.04%[9] - Revenue reached RMB 87,072 million, an increase of RMB 3,208 million or 3.83% year-on-year[9] - Profit attributable to shareholders was RMB 3,222 million, reflecting a year-on-year increase of 4.61%[6] - The Group's net profit increased by 12.00% year-on-year to RMB 5,041 million, significantly improving operational efficiency[10] - Profit before income tax was RMB 6,791 million, reflecting an increase of RMB 516 million or 8.22% year-on-year[164] - Other net gains for the period amounted to approximately RMB 239 million, compared to a net loss of RMB 76 million in the same period of 2022, mainly due to increased government subsidies and reduced exchange losses[34] - Employee compensation costs were approximately RMB 2,628 million, a decrease of 7.33% from RMB 2,836 million in the same period last year, mainly due to a reduction in headcount[36] - Interest expenses for the period were approximately RMB 436 million, a decrease of 5.83% compared to RMB 463 million for the same period last year[41] Sales and User Growth - The total number of users exceeded 15 million, with retail sales volume increasing to 14,787 million cubic metres, a year-on-year increase of 9.50%[10] - The company added 506,900 new users, including 492,600 residential and 14,300 industrial and commercial users, bringing the cumulative total to 15.2202 million[17] - The company achieved natural gas sales volume of 23,916 million cubic meters, a year-on-year increase of 9.04%, with retail gas sales volume at 14,787 million cubic meters, up 9.50%[17] Business Segments and Revenue Sources - Revenue from the natural gas sales business reached RMB 69,859 million, representing an 8.89% year-on-year increase, while profit before income tax was RMB 4,887 million, up 26.08%[18] - LNG sales from self-operation, processing, and gasification totaled 8,432 million cubic metres, representing a decrease of 8.11%[7] - LPG sales volume was 2.9369 million tonnes, a year-on-year increase of 5.17%, but revenue decreased by 7.99% to RMB 13,855 million[20] - LNG gasification and entrucking volume at Jingtang and Jiangsu terminals totaled 7,336 million cubic meters, down 6.73% year-on-year, with revenue from LNG processing and terminal business at RMB 5,188 million, a decrease of 14.42%[22][23] Strategic Initiatives and Future Outlook - The Group launched its first customized insurance product, with sales on platforms increasing by 17.8 times year-on-year[14] - The Group acquired 3 million kilowatts of new energy indicators and put eight new energy projects into operation[14] - The company is focusing on green development, acquiring 3 million kilowatts of new energy indicators and launching 8 new energy projects[16] - The Group aims for approximately 7% year-on-year growth in domestic natural gas consumption in the second half of the year, despite a complex business environment[182] - The company plans to optimize market structure and profitability while focusing on high-end markets and key infrastructure projects like the Fujian LNG terminal[26] Cost Management and Efficiency - Purchases, services, and others totaled approximately RMB 73,949 million, an increase of 4.53% from RMB 70,745 million for the same period last year, attributed to rising procurement costs for natural gas[35] - Other selling, general and administrative expenses were approximately RMB 1,373 million, a decrease of 21.00% from RMB 1,738 million for the same period last year, due to strict cost control measures[41] - Depreciation, depletion, and amortisation for the period was approximately RMB 2,896 million, representing an increase of 19.18% compared to RMB 2,430 million for the same period last year[41] Corporate Governance and Compliance - The Company has maintained compliance with all code provisions in the Corporate Governance Code during the Period[56] - The Audit Committee has reviewed the unaudited interim financial report for the Period, which was also reviewed by PricewaterhouseCoopers[57] - The Company adopted new bye-laws on May 31, 2023, to comply with Core Shareholder Protection Standards[54] Shareholder Information - The Board of Directors resolved not to recommend the payment of any interim dividend for the period ended 30 June 2023[52] - The final dividend for 2022 was RMB 2,198 million, reflecting the company's commitment to returning value to shareholders[85] - The company did not grant any unexercised share options to directors or employees during the reporting period[69]