Financial Performance - The company's revenue for the year 2021 was RMB 5,830,081,000, a significant increase of 67.4% compared to RMB 3,481,322,000 in 2020[20] - Gross profit for 2021 was RMB 612,724,000, with a gross margin of 11%, down from 14% in 2020[20] - Net profit attributable to equity shareholders was RMB 176,620,000, representing a 43.3% increase from RMB 123,283,000 in the previous year[20] - The total assets of the company reached RMB 1,544,375,000, up from RMB 1,273,135,000 in 2020[20] - The company achieved an operating profit of RMB 293,000,000 for the year[25] - The company recorded revenue of RMB 5,830.1 million, an increase of RMB 2,348.8 million or 67% compared to RMB 3,481.3 million in 2020[36] - The sales volume of finished oil reached approximately 836,000 tons in 2021, up about 27% from approximately 656,000 tons in 2020[36] - The company’s finished oil sales revenue was RMB 5,539.3 million, representing a year-on-year increase of approximately 72% and accounting for about 95% of total revenue[36] - Natural gas sales revenue was RMB 236.4 million, a 13% increase year-on-year, contributing 4% to total revenue[37] - The company’s net profit for 2021 was RMB 181.9 million, an increase of RMB 57.5 million compared to RMB 124.4 million in 2020[47] Market and Industry Trends - In 2022, global energy demand is expected to rise as major economies recover from the pandemic[26] - China's natural gas production reached approximately 205.1 billion cubic meters in 2021, a year-on-year increase of 7.72%[23] - In 2021, China's natural gas production reached 205.3 billion cubic meters, an increase of 8.2% year-on-year, marking five consecutive years of production growth exceeding 10 billion cubic meters[30] - Natural gas imports totaled 12 million tons in 2021, reflecting a year-on-year increase of 19.9%[30] - The apparent consumption of natural gas reached 372.6 billion cubic meters, up 12.7% year-on-year, continuing the positive growth trend from the 13th Five-Year Plan period[30] - In 2021, China's oil consumption reached 34.148 million tons, a year-on-year growth of 3.2%, nearly recovering to pre-pandemic levels[31] - The sales volume of new energy vehicles in China exceeded 3.5 million units in 2021, with a market share increase to 13.4%[33] - The global oil price saw a significant increase, with Brent crude oil closing at $77.78 per barrel at the end of 2021, up over 50% from 2020, marking the largest annual increase in five years[31] Strategic Initiatives - The company expanded its compressed natural gas refueling station network, benefiting from national policy support, leading to increased competitiveness[25] - The company successfully acquired Hengyong Global Investment Limited, which expanded its fuel retail and wholesale business, providing new revenue sources[25] - The company plans to actively seek strategic partnerships, acquisitions, and explore opportunities in the new energy sector to enhance its diversified layout in the energy era[27] - The company aims to leverage its long-standing presence in the Northeast energy market to enhance core competitiveness and diversify revenue sources[27] - The acquisition of Hengyong Global in August 2020 has diversified the company's operations into fuel retail, oil wholesale, and transportation services, enhancing market competitiveness[62] - The company aims to leverage synergies between its existing natural gas refueling business and the newly acquired fuel retail and oil transportation businesses[62] Corporate Governance - The company maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[65] - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors[65] - The company held four board meetings in 2021, with all directors attending all meetings[69] - The chairman and CEO roles are held by the same individual, Zhao Jinmin, to provide strong and consistent leadership[68] - The company has adopted the corporate governance code and has complied with all applicable provisions for the year ended December 31, 2021, except for certain exceptions[65] - The independent non-executive directors were unable to attend the annual general meeting due to overseas commitments[65] - The company has service contracts with executive directors, with terms starting from April 1, 2017, and specific terms for other directors[67] - The board regularly reviews and improves its corporate governance practices to ensure compliance with the corporate governance code[65] Environmental, Social, and Governance (ESG) Practices - The company is committed to integrating sustainable development values into its long-term business strategy while pursuing economic returns[98] - The company has established a central safety committee responsible for overseeing ESG-related matters, including occupational safety and health policies[108] - The board of directors supervises ESG matters and ensures effective communication across management levels to implement sustainable development policies[107] - The company aims to enhance its supply chain resilience and achieve orderly development in the natural gas industry to meet the "dual carbon" goals and contribute to a "Beautiful China"[98] - The company emphasizes the importance of effective communication with shareholders, holding the annual general meeting on June 11, 2021, with at least 20 business days' notice provided[91] - The company has established a website to keep investors updated on financial information and corporate governance practices, enhancing transparency and investor relations[92] - The company conducted an annual ESG materiality assessment survey to identify key ESG issues and effectively communicate with stakeholders[104] - The report quantifies greenhouse gas emissions and resource consumption, providing detailed metrics on environmental and social performance[104] Employee Management and Development - The company has a total of 1,768 employees as of December 31, 2021[56] - The employee turnover rate for the fiscal year 2021 was 12.2%[158] - The company adheres to local employment laws and has established internal policies for attendance and leave management[162] - The company has implemented a transparent recruitment process, ensuring fairness and competitiveness in hiring[157] - The company has conducted multiple recruitment activities in 2021 to attract talent and enhance its employer brand[157] - The company emphasizes equal opportunity and anti-discrimination in all HR and employment decisions, ensuring a fair and diverse work environment[163] - The company achieved a training participation rate of 99.0% among its total workforce of 1,750 employees[175] - The average training hours for male employees was 24.4 hours, while female employees averaged 24.7 hours in fiscal year 2021[176] Safety and Health Management - The company strictly implemented internal safety and health policies in FY2021, adhering to various safety management regulations and Chinese laws[165] - The company established a central safety committee to oversee the implementation of safety policies across all business sectors[165] - In FY2021, the company conducted various occupational safety and health training sessions, requiring all units to include occupational disease knowledge in their annual plans[166] - The company has a strict emergency response plan for unexpected situations, with a dedicated emergency response team responsible for handling incidents[167] - The company has implemented a reward and punishment system regarding safety and health issues, with severe penalties for violations[166] Supplier and Procurement Management - The company collaborates with a total of 475 suppliers, all located in mainland China, with 424 suppliers in the province where the company operates[186] - The company adheres to a green procurement policy, which covers approximately 90% of its procurement products, aiming to reduce environmental impact during the supply chain management process[186] - The procurement process includes rigorous supplier evaluation based on quality management systems and technical capabilities[180] - The company implements a comprehensive risk assessment for suppliers, including on-site visits and market research[180] - The company prioritizes local suppliers to minimize environmental pollution during transportation[186] Customer Relations and Service Quality - The company aims to maintain a customer satisfaction rate of 90% through quality control and service excellence in its gas stations and refueling services[188] - In the fiscal year 2021, the company received three customer complaints, all of which were properly handled and resolved[197] - The company has implemented a customer complaint management system to enhance the efficiency of handling customer feedback and improve service standards[190] - The company has adjusted its service standards during the pandemic, providing free disinfection services and ensuring employee safety through protective equipment[196]
众诚能源(02337) - 2021 - 年度财报