Employee Training and Safety - In the fiscal year 2022, the group recorded a total of 1,620 employees trained, with a focus on safety courses[11] - The average training hours for employees were 26.3 hours, with male employees averaging 24.0 hours and female employees averaging 26.7 hours[14] - The group lost a total of 105 workdays due to occupational injuries in the fiscal year 2022[7] - The group has established a comprehensive emergency mechanism to promptly identify and resolve issues during operations[22] - The company has implemented safety checks on vehicles before, during, and after operations to prevent leaks and ensure product quality[51] Supplier and Supply Chain Management - The group maintained cooperation with 103 suppliers, with 77 located within the province of operation and 26 from other regions[23] - The group emphasizes the importance of a healthy and stable supply chain, continuously improving its ESG management system[18] - The company signed a supply agreement with Songyuan Petrochemical in December 2022 to ensure stable oil supply for its gas stations in 2023, reducing the impact of oil price fluctuations[149] - The company cannot guarantee that suppliers will continue to provide sufficient refined oil, especially during unexpected increases in demand[1] - The company is required to establish procurement channels and maintain good business relationships with midstream refineries or wholesalers to ensure stable fuel supply[1] Customer Engagement and Satisfaction - The group strictly adheres to customer privacy laws, ensuring that personal data collected during business processes is treated as confidential[27] - The group has implemented a standardized process for handling customer complaints to ensure efficient resolution[26] - The company maintained a customer satisfaction rate of 90% by ensuring strict quality control over fuel products and providing free personal and vehicle disinfection services during the pandemic[49][51] - The company emphasizes a "customer-oriented" service philosophy, aiming to enhance customer satisfaction and long-term value creation[49] Community Engagement and Social Responsibility - The company actively engages in community projects and encourages employee participation in social responsibility initiatives[57] - The company donated two batches of anti-COVID-19 supplies, including 3 tons of alcohol disinfectant and 300 sets of medical protective gear, to local authorities[57] Compliance and Governance - The company established a compliance internal audit department in fiscal year 2021 to investigate and verify any illegal activities within the group[30] - The company strictly adheres to local anti-corruption and bribery laws, including the Anti-Corruption Law of the People's Republic of China[30] - The company has not been aware of any concluded corruption lawsuits against it or its employees during the fiscal year 2022[56] - The audit committee monitored the integrity of the company's financial statements and annual reports, ensuring compliance with applicable standards[179] - The company has implemented a financial reporting system, risk management, and internal control systems to ensure effective oversight[179] Financial Performance - Revenue for the year 2022 was RMB 6,089,366 thousand, an increase of 4.4% from RMB 5,830,081 thousand in 2021[105] - Gross profit decreased to RMB 393,102 thousand, resulting in a gross margin of 6%, down from 11% in the previous year[105] - Net profit for the year was RMB 18,951 thousand, a significant decline of 89.6% compared to RMB 181,924 thousand in 2021[105] - The total assets increased slightly to RMB 1,555,454 thousand from RMB 1,544,375 thousand in 2021[105] - The net asset value rose to RMB 467,624 thousand, up from RMB 448,661 thousand in the previous year[105] ESG Management and Strategy - The group has established a central safety committee responsible for formulating ESG policies and coordinating internal management[75] - The group emphasizes the importance of stakeholder engagement and has conducted online surveys to assess key ESG issues[71] - The company aims to enhance its ESG management practices by establishing a standardized data management system and aligning with national and local policy requirements[85] - The company is committed to creating long-term value for stakeholders through a forward-looking and systematic ESG strategy[88] - The company aligns its ESG strategy with its business development vision, ensuring responsible growth and innovation in its operations[96] Market Trends and Projections - The company anticipates a continued increase in natural gas demand, projecting consumption to reach between 4,300 and 4,500 billion cubic meters by 2025[110] - The average Brent crude oil price for 2022 was $99.04 per barrel, reflecting a 39.6% increase year-on-year[113] - Domestic crude oil import prices rose from $573 per ton in January to a peak of $808 per ton in July, marking a 41.1% increase over six months[113] - The company expects domestic oil demand to significantly recover starting from Q2 2023, with a projected consumption volume of 22.3 billion cubic meters in Jilin Province, reflecting a growth rate of 9.8%[1] Operational Risks and Challenges - The company faces operational risks due to internal procedural deficiencies or external incidents, which are managed by various departments based on standard operating procedures[1] - The management will regularly identify and assess major operational risks to implement appropriate risk response measures[1] - The group’s profitability may be adversely affected by fluctuations in procurement prices of refined oil and natural gas[165] Capital and Investment - Capital expenditures for property, plant, and equipment in 2022 were RMB 12.0 million, with capital commitments of RMB 11.6 million as of December 31, 2022[141] - The company expects to fund capital commitments through future operating income, bank loans, and other financing methods[141] - The company holds a 30% indirect stake in a joint venture, which contributed to its profits following the acquisition of Yinquan Green Energy[138] Corporate Governance and Board Activities - The company aims to achieve board member diversity by adopting measurable targets[184] - The company has established a nomination committee to evaluate and select candidates for board membership[183] - The company encourages all directors to participate in continuous professional development to enhance their knowledge and skills related to business and director responsibilities[186]
众诚能源(02337) - 2022 - 年度财报