Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately RMB 1,947.9 million, an increase of about 2.1% compared to the previous year[7]. - Liquefied petroleum gas (LPG) sales revenue reached RMB 1,659.6 million, representing a growth of 3.5% year-on-year[7]. - Compressed natural gas (CNG) sales revenue increased to RMB 268.7 million, up approximately 11.1% from 2021[7]. - The liquefied natural gas (LNG) segment saw a revenue decrease of about 79.8% due to the closure of two loss-making refueling stations[7]. - For the year ended December 31, 2022, the company recorded revenue of approximately RMB 1,947.9 million, an increase of about RMB 40.1 million compared to RMB 1,907.8 million in 2021[18]. - The revenue growth was primarily driven by an increase in the sales price of liquefied petroleum gas (LPG) and compressed natural gas (CNG)[18]. - The company's LPG sales revenue was approximately RMB 1,659.6 million, up by about RMB 56.7 million from RMB 1,602.9 million in 2021[20]. - The CNG sales revenue reached approximately RMB 268.7 million, an increase of about RMB 26.9 million compared to RMB 241.8 million in 2021[21]. - The LNG sales revenue was approximately RMB 10.6 million, a decrease of about RMB 41.8 million from RMB 52.4 million in 2021, primarily due to reduced sales volume[24]. - The group recorded a pre-tax profit of approximately RMB 9.8 million in 2022, down from RMB 14.0 million in 2021, a decrease of about 30%[54]. - Net profit for the year was approximately RMB 6.1 million, compared to RMB 8.4 million in 2021, representing a decline of about 27.4%[56]. - Gross profit for the year was approximately RMB 87.3 million, down from RMB 92.8 million in 2021, reflecting a decrease of about 5.9%[45]. - Other income decreased to approximately RMB 22.2 million in 2022 from RMB 41.9 million in 2021, a decline of about 47%[46]. Operational Developments - The company aims to enhance operational management standards and improve employee performance assessment mechanisms[11]. - The company plans to optimize the industrial chain and enhance the market competitiveness of gas supply[11]. - The company aims to enhance logistics service capabilities and expand into the civil LPG sector in response to market conditions[18]. - The company has ceased operations of one LPG vehicle refueling station in Guangzhou, fully exiting the LPG vehicle market[19]. - The company opened one new LPG civil station during the year, expanding its civil terminal points[19]. - The company has ceased operations of 2 liquefied natural gas gas stations due to low business volume and high procurement costs, which led to operational losses[29]. - The company has contracted one compressed natural gas gas station in Henan Province to a third party, which plans to convert it into a fuel station[30]. - The company aims to enhance its service quality and strengthen production safety management as part of its strategy to improve communication and cooperation across the entire industry chain[39]. Market Conditions - The energy sector is expected to face uncertainties in 2023 due to geopolitical conflicts and energy shortages[10]. - The outlook for 2023 indicates a potential recovery in natural gas consumption in China, driven by improving economic conditions and a gradual stabilization of international gas prices[40]. - The apparent consumption of natural gas in China was 366.3 billion cubic meters, a year-on-year decrease of 1.7%, marking the first instance of negative growth since 2017[15]. Risk Management - The group identified several major risks, including reliance on government policies, supply chain stability, and competition from alternative fuels[85]. - The group has implemented various policies and procedures to ensure effective risk management across operations, including financial reporting and compliance with environmental laws[80]. - The group has maintained a prudent financial management strategy, ensuring a healthy liquidity position as of December 31, 2022[71]. Corporate Governance - The company aims to provide satisfactory and sustainable returns to shareholders while maintaining high ethical standards in business operations[191]. - The board is committed to maintaining good corporate governance standards to protect shareholder interests and enhance corporate value[191]. - The company has established a corporate governance framework based on the corporate governance code, enhancing the board's ability to oversee business conduct[189]. - The company has implemented a securities trading code for directors, ensuring compliance with the standards set out in the listing rules[193]. - The board regularly reviews the contributions of directors to ensure they dedicate sufficient time to their responsibilities[196]. - The company has confirmed that all directors complied with the securities trading code throughout the year ending December 31, 2022[194]. Employee and Shareholder Information - The total employee count as of December 31, 2022, was 434, a decrease from 448 in 2021, including 70 employees from the joint venture Jiangmen Xinjing Gas[129]. - The total salary cost incurred by the company for the year ended December 31, 2022, was approximately RMB 33.1 million[129]. - The board has resolved not to declare a final dividend for the year ended December 31, 2022, consistent with the previous year[64]. - The group has not proposed any final dividend for the fiscal year ending December 31, 2022[125]. Future Plans - The company plans to continue expanding its liquefied petroleum gas business in South China, focusing on residential, chemical, and commercial sectors, leveraging regional advantages and industry experience[39]. - Strategic acquisitions are planned to enhance operational capabilities and market share, with an estimated investment of E million[91]. - The company is investing in R&D, allocating F% of its revenue to develop new technologies and improve existing products[91].
中油洁能控股(01759) - 2022 - 年度财报