Financial Performance - The company reported total revenue of approximately RMB 200.5 million for 2022, a decrease of 52.3% compared to the previous year, primarily due to the ongoing COVID-19 pandemic in Tianjin and Shanghai, with Shanghai under lockdown from March to June 2022[29]. - The group's total revenue for the year was approximately RMB 200,500,000, a decrease of about 52.3% from approximately RMB 420,700,000 in the previous year, primarily due to the ongoing COVID-19 outbreaks in key markets like Tianjin and Shanghai[75]. - The revenue from the new energy business decreased by 52.4% to approximately RMB 200,100,000, accounting for 99.8% of the group's total revenue[56]. - The net loss attributable to the company's owners was approximately RMB 5,300,000, a significant reduction of 97.3% from approximately RMB 191,300,000 in the previous year[76]. - The group recorded a post-tax net loss of approximately RMB 3,700,000 for the year, compared to a post-tax net loss of approximately RMB 213,600,000 in the previous year[75]. - The group reported a total comprehensive loss of RMB 3,739,000, representing a 98.2% decrease compared to a loss of RMB 213,585,000 in the previous year[90]. - The basic and diluted loss per share for the year was RMB 0.001, compared to RMB 0.053 in the previous year[47]. - The group reported a basic and diluted loss per share of RMB 0.001, a decrease of 98.1% from RMB 0.053 in the previous year[90]. - The operating loss for 2022 was RMB 3,470,000, significantly improved from RMB 209,276,000 in 2021[159]. - The company reported a net loss of RMB 3,739,000 for 2022, a substantial decrease from RMB 213,585,000 in 2021[159]. Assets and Liabilities - The total assets decreased by 3.4% to RMB 346.729 million in 2022, compared to RMB 358.922 million in 2021[11]. - The group's asset-liability ratio increased to 59.5% as of December 31, 2022, up from 54.5% as of December 31, 2021[61]. - The group's total liabilities decreased to RMB 203,776,000 from RMB 214,230,000, representing a decline of approximately 4.5%[183]. - The group's non-current assets, including property, plant, and equipment, were valued at RMB 50,996,000, down from RMB 66,903,000, indicating a significant reduction of about 23.8%[183]. - The group's current assets totaled RMB 295,733,000, slightly up from RMB 292,019,000, reflecting a marginal increase of about 1.2%[183]. - The group's equity attributable to owners decreased to RMB 109,789,000 from RMB 115,043,000, a decline of approximately 4.5%[183]. - The cash and cash equivalents decreased by 36.2% to RMB 38.752 million in 2022, down from RMB 60.769 million in 2021[11]. - The cash and cash equivalents at the end of the year were RMB 38,752,000, down from RMB 60,769,000, marking a decrease of about 36.3%[188]. - The group’s financing cash flow showed a net outflow of RMB 8,022,000, compared to an outflow of RMB 7,863,000 in the previous year[188]. Business Operations and Strategy - The company expects gradual economic recovery in the coming years, which may lead to overall business improvement[30]. - The strategic partnership with Jiangsu Shagang Group commenced operations in April 2022, with expectations of increased contributions once the COVID-19 situation stabilizes[19]. - The company continues to maintain strategic partnerships with Tractebel Engineering S.A. and other major partners to explore new business opportunities[21]. - The group plans to continue focusing on the recovery and expansion of its new energy business, considering areas beyond LNG supply[68]. - The company aims to become a leading diversified new energy service provider in the Greater China region[87]. - The company has resumed active communication with existing and potential business partners following the lifting of travel restrictions by the Chinese government in Q1 2023[86]. Administrative and Operational Efficiency - Administrative expenses decreased by 4.3% to approximately RMB 24.3 million in 2022, down from RMB 25.4 million in 2021 due to cost-saving measures[43]. - The gross loss margin for the new energy business increased to (4.2%) in 2022 from (1.8%) in 2021, attributed to intense price competition and price volatility in LNG supply[38]. - The cost of sales for the new energy business decreased to approximately RMB 208.5 million in 2022, down from RMB 427.7 million in 2021, primarily due to lower LNG supply costs[36]. - The group’s gross loss was RMB 7,949,000, which is a 13.1% increase compared to a gross loss of RMB 7,029,000 in the previous year[90]. - Trade and other receivables increased by 11.1% to approximately RMB 257,000,000 as of December 31, 2022, compared to approximately RMB 231,300,000 as of December 31, 2021[60]. - Trade receivables impairment reversal for 2022 was RMB 29,394,000, compared to an impairment loss of RMB 195,398,000 in 2021[159]. Share Options and Governance - The total number of unexercised share options granted to directors is 92,832,000, with an exercise price of HKD 0.289 per share[114]. - The total number of unexercised share options for employees is 89,768,000, also with an exercise price of HKD 0.289 per share[114]. - The total number of unexercised share options for consultants is 29,880,000, maintaining the same exercise price of HKD 0.289 per share[114]. - The overall total of unexercised share options across all categories is 212,480,000[114]. - The company has adopted a share option scheme as an incentive for eligible participants[126]. - The company emphasizes effective shareholder communication to strengthen investor relations and ensure timely access to information[92]. - The company’s financial governance is overseen by a well-experienced CFO, ensuring strategic financial decisions are made[191]. Future Outlook and Challenges - There is a significant uncertainty regarding the company's ability to continue as a going concern[165]. - The company plans to hold its annual general meeting on or before June 30, 2023[93]. - The company’s equity changes during the year included a loss of RMB 5,254 thousand in comprehensive income, indicating challenges in profitability[200].
中华燃气(08246) - 2022 - 年度财报