中国燃气(00384) - 2022 - 年度财报

Financial Performance - For the fiscal year 2021/22, the total revenue reached HKD 88,225,193, representing a 26.1% increase from HKD 69,975,381 in the previous year[14]. - The company reported a net profit attributable to shareholders of HKD 7,662,036, down 26.9% from HKD 10,478,683 in the previous fiscal year[14]. - The gross profit margin decreased to 17.8% from 25.9% in the previous year, reflecting a decline in profitability[15]. - The gross profit for the fiscal year 2021/22 was reported at HKD 3,301.6 million, reflecting a 13.2% increase compared to the previous fiscal year[49]. - Total revenue grew by 26.1% to HKD 88,225,193,000, while gross profit decreased by 13.1% to HKD 15,738,992,000[67]. - Profit attributable to the company's owners decreased by 26.9% to HKD 7,662,036,000, with basic earnings per share dropping by 30.8% to HKD 1.39[67]. Natural Gas Operations - The total natural gas sales volume for the fiscal year was 36,703.2 million cubic meters, an increase of 17.6% compared to 31,210.7 million cubic meters in 2020/21[17]. - The company delivered over 7.35 billion cubic meters of natural gas to more than 43 million households annually, supporting clean energy usage[21]. - The company supplied over 14.56 billion cubic meters of natural gas to 317,000 industrial and transportation enterprises each year, facilitating operational efficiency[21]. - The natural gas sales volume for the fiscal year 2021/22 reached 36,703.2 million cubic meters, reflecting a significant increase compared to previous years[23]. - The total gas sales volume increased by 17.6% to 36.7 billion cubic meters during the fiscal year[67]. User Growth and Market Expansion - The number of gas projects increased to 660, with a total of 43,095,245 residential users connected, marking a 7.3% growth from 40,153,824 users in the previous year[13]. - New residential user connections decreased significantly by 41.7% to 2,941,421 from 5,048,300 in the previous year[17]. - The penetration rate of residential users in urban gas projects increased to 65.2%, up from 60.8% in the previous year[17]. - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter[31]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[31]. Strategic Initiatives and Investments - The company is committed to expanding its core business in the natural gas sector, aligning with China's carbon peak and carbon neutrality goals by 2030 and 2060[21]. - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience[31]. - The group is actively promoting the development of an intelligent micro-pipeline network, which transforms traditional gas supply methods into a more efficient and safe delivery system[41]. - The group aims to increase LPG sales by over 3 million tons annually through new projects currently under construction[39]. - The company is actively developing a low-carbon ecosystem in line with China's dual carbon strategy, focusing on renewable energy and green production, which is expected to see explosive growth[58]. Governance and Management - The company has a strong governance structure with members from various sectors, including safety management and risk control[98]. - The board consists of 15 members, including 6 executive directors, 4 non-executive directors, and 5 independent non-executive directors, ensuring compliance with listing rules regarding board composition[109]. - The company emphasizes the importance of risk management and internal controls as part of its governance framework[106]. - The company has received annual confirmations from all independent non-executive directors regarding their independence, ensuring compliance with relevant regulations[111]. - The company has adopted a board diversity policy since 2013 to ensure that the board possesses the necessary skills and experiences relevant to the business[111]. Environmental and Social Responsibility - The "coal-to-gas" initiative has contributed to a significant improvement in air quality in northern China, with a reduction in PM2.5 levels attributed to the transition[30]. - The company is focused on high-quality and efficient gas engineering projects to ensure safe and clean natural gas supply for rural residents in North China[30]. - The company is committed to assisting local governments and enterprises in achieving their carbon neutrality goals through investment in low-carbon industries[58]. - The company is collaborating with local governments to establish carbon management service centers, providing tailored carbon management systems and green financial services[59]. - The company is committed to fulfilling its social responsibilities while seeking breakthroughs and progress in response to industry and market changes[66]. Shareholder Engagement and Dividends - The company maintained a stable dividend of HKD 0.55 per share, unchanged from the previous year[14]. - The proposed final dividend is HKD 0.45 per share, with a total dividend of HKD 0.55 per share for the fiscal year ending March 31, 2022[61]. - The company maintains a dividend policy aimed at providing reasonable returns to investors while ensuring long-term sustainability[156]. - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting to address specific matters[154]. - The board members attended the annual general meeting with a full attendance record, ensuring direct communication with shareholders[152].