Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 113,780 thousand, a decrease of 47.5% compared to RMB 216,837 thousand for the same period in 2021[7] - The gross loss for the period was RMB 4,349 thousand, representing a gross loss margin of (3.8%), compared to (1.8%) in the previous year[7][11] - Total comprehensive loss for the period was RMB 27,150 thousand, a significant decrease of 78.0% from RMB 123,572 thousand in the corresponding period of 2021[7] - The company reported a basic and diluted loss per share of RMB 0.007, a decrease of 76.7% from RMB 0.030 in the previous year[7] - Operating loss for the six months was RMB 27,012, significantly improved from an operating loss of RMB 128,729 in the same period last year[23] - The group reported a loss of RMB 27,150 thousand for the six months ended June 30, 2022, compared to a loss of RMB 123,572 thousand for the same period in 2021, showing an improvement in financial performance[59] - The net loss attributable to the company's owners for the current period was approximately RMB 25.6 million, a reduction of 76.7% from approximately RMB 109.9 million in the corresponding period[114] Assets and Liabilities - The net asset value decreased by 18.8% to RMB 117,542 thousand from RMB 144,692 thousand as of December 31, 2021[8] - The company's total assets as of June 30, 2022, were RMB 325,650, down from RMB 358,922 at the end of 2021[25] - Current assets decreased to RMB 266,341 from RMB 292,019 at the end of 2021[25] - Total equity attributable to owners of the company was RMB 89,464, down from RMB 115,043 at the end of 2021[25] - Non-current liabilities increased to RMB 86,383 from RMB 81,701 at the end of 2021[25] - The total liabilities as of June 30, 2022, were RMB 117,822 thousand, down from RMB 127,966 thousand as of December 31, 2021, indicating a decrease of approximately 7.9%[90] - The company's asset-liability ratio as of June 30, 2022, was 71.8%, up from 54.5% as of December 31, 2021[116] Cash Flow and Liquidity - Cash and cash equivalents decreased by 12.1% to RMB 53,429 thousand from RMB 60,769 thousand as of December 31, 2021[8] - Net cash used in operating activities was RMB (4,477) thousand, a decrease from RMB (7,323) thousand in the previous period, indicating improved operational efficiency[30] - Cash flow from investing activities showed a net inflow of RMB 6 thousand, compared to a net outflow of RMB (8,598) thousand previously, reflecting a significant turnaround in investment performance[30] - Total cash and cash equivalents decreased by RMB (9,345) thousand, a notable improvement from a decrease of RMB (21,613) thousand in the prior period, indicating better liquidity management[30] Revenue Sources - Revenue from LNG trading and management fees for the six months ended June 30, 2022, was RMB 113,290 thousand, a decrease of 47.8% compared to RMB 216,593 thousand for the same period in 2021[46] - Rental income from property investment remained stable at RMB 244 thousand for both periods, indicating no change year-over-year[46] - Other income, including government subsidies, amounted to RMB 5,723 thousand for the six months ended June 30, 2022, compared to RMB 5,728 thousand in the previous year[47] - The group received government subsidies totaling RMB 28,000 thousand for promoting new energy business during the six months ended June 30, 2022, down from RMB 51,000 thousand in the previous year[47] Expenses and Cost Management - The group incurred administrative expenses of RMB 10,419 thousand for the six months ended June 30, 2022, compared to RMB 12,452 thousand in the same period of 2021, reflecting a reduction of 16.5%[59] - The sales cost for the new energy business was approximately RMB 118.1 million, down from approximately RMB 220.8 million in the corresponding period, primarily due to a decrease in LNG supply costs[110] - The gross loss margin for the new energy business increased from 1.9% in the corresponding period to 4.0% in the current period, attributed to intense price competition in LNG[111] Shareholder Information - The company did not declare any dividends for the period[7] - The weighted average number of ordinary shares used to calculate the basic and diluted loss per share increased to 3,666,936 thousand shares as of June 30, 2022, from 3,622,136 thousand shares as of June 30, 2021[67] - The number of unexercised share options as of June 30, 2022, was 212,480,000 shares, which is 5.8% of the total issued shares, down from 257,280,000 shares (7.1%) a year earlier[94] - The total remuneration for directors and key management personnel increased to RMB 2,183 thousand for the six months ended June 30, 2022, compared to RMB 1,944 thousand for the same period in 2021, marking an increase of approximately 12.3%[103] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors and has reviewed the interim financial results[155] - The external auditor has not identified any significant modifications needed for the interim financial information as of June 30, 2022[155] - The company has adopted corporate governance practices in compliance with GEM listing rules[153] - The company communicated with shareholders through annual and special general meetings[151]
中华燃气(08246) - 2022 - 中期财报