Revenue and Sales Performance - The total revenue from pipeline natural gas sales was RMB 174.6 million, a decrease of 7.8% compared to RMB 189.4 million in the same period of 2022[16]. - Revenue from retail customer sales of pipeline natural gas was RMB 170.2 million, a decrease of 8.1% compared to RMB 185.3 million in the same period of 2022[17]. - Revenue from wholesale customer sales of pipeline natural gas increased by 9.8% to RMB 4.5 million from RMB 4.1 million in the same period of 2022, despite a 5.9% decrease in sales volume[18]. - Revenue from construction and installation services decreased by 38.1% to RMB 13.5 million from RMB 21.8 million in the same period of 2022, primarily due to a slowdown in the real estate market[21]. - Revenue from gas appliance sales increased by 17.9% to RMB 3.3 million from RMB 2.8 million in the same period of 2022, attributed to a shift from coal gas appliances to gas appliances among residential customers[22]. - Total revenue for the period was RMB 204.5 million, a decrease of 10.0% from RMB 227.4 million in the same period of 2022[25]. - Revenue for the six months ended June 30, 2023, was RMB 204,539,000, a decrease of 10.1% compared to RMB 227,356,000 in the same period of 2022[69]. - The company reported a net other income of RMB 2,313,000 for the six months ended June 30, 2023, compared to RMB 929,000 in the same period of 2022[114]. Customer Base and Market Expansion - The volume of pipeline natural gas sold was approximately 47.7 million cubic meters, down 10.8% from about 53.5 million cubic meters in the same period of 2022[16]. - The number of active residential pipeline gas users was 144,914, showing a change of approximately 2.4% compared to December 31, 2022[12]. - The number of active commercial pipeline gas users increased by 16.6% to 4,772 compared to December 31, 2022[12]. - The company plans to continue investing in expanding its pipeline network to increase customer coverage in Gaomi City[10]. - The company aims to implement clean energy village projects to enhance natural gas supply in rural areas of Gaomi City[10]. Financial Performance - Gross profit decreased by 27.7% to RMB 31.0 million from RMB 42.9 million in the same period of 2022, with a gross margin decline from 18.9% to 15.2%[26]. - Profit attributable to owners of the company was RMB 18.7 million, a decrease of 19.0% from RMB 23.1 million in the same period of 2022[31]. - Operating profit decreased to RMB 25,929,000, representing a decline of 24.2% from RMB 34,208,000 in the previous year[69]. - Basic and diluted earnings per share were RMB 0.04, down from RMB 0.07 in the same period last year[69]. - The company reported a decrease in inventory to RMB 7,464,000 from RMB 9,800,000 year-over-year[74]. - The company reported a net decrease in cash and cash equivalents of RMB 18,439,000, compared to a decrease of RMB 12,571,000 in the previous year[83]. Assets and Liabilities - As of June 30, 2023, the group's current assets amounted to RMB 233.6 million, a decrease of 5.8% from RMB 248.0 million as of December 31, 2022[34]. - The group's cash and bank balance as of June 30, 2023, was RMB 157.3 million, with a current ratio of 131.8% compared to 128.2% as of December 31, 2022[34]. - The group's debt ratio was 40.4% as of June 30, 2023, down from 42.3% as of December 31, 2022, and it had no borrowings[34]. - Total assets as of June 30, 2023, were RMB 487,963,000, a decrease from RMB 501,374,000 at the end of 2022[74]. - Total liabilities decreased to RMB 197,168,000 from RMB 212,172,000 at the end of the previous year[74]. Tax and Expenses - Income tax expense decreased by 24.0% to RMB 7.3 million from RMB 9.6 million in the same period of 2022, with an effective tax rate of 27.4%[30]. - Total sales and administrative expenses decreased to RMB 182,770,000 in 2023 from RMB 195,869,000 in 2022, representing a reduction of approximately 6.0%[115]. - Financial income increased significantly to RMB 1,047,000 in 2023 from RMB 327,000 in 2022, marking a growth of 220.5%[116]. Share Capital and Dividends - As of June 30, 2023, Mr. Luan Xiaolong holds 217,800,000 shares, representing approximately 49.50% of the issued share capital[61]. - Mr. Luan Linjiang holds 108,900,000 shares, representing approximately 24.75% of the issued share capital[61]. - The total issued share capital of the company as of June 30, 2023, is 440,000,000 shares[61]. - The company has not declared an interim dividend for the six months ended June 30, 2023[68]. - The company declared a final dividend of RMB 0.039 per share for the year ended December 31, 2022, approved on June 16, 2023[151]. Related Party Transactions - The company has significant related party transactions with entities controlled by its directors, including loans and service agreements[156]. - Revenue from related party transactions with Shandong Shihua decreased to RMB 88,778 thousand in 2023 from RMB 99,434 thousand in 2022, representing a decline of approximately 11.1%[158]. - Total receivables from related parties increased to RMB 5,424 thousand as of June 30, 2023, compared to RMB 3,286 thousand at the end of 2022, reflecting a growth of approximately 65.0%[166].
交运燃气(01407) - 2023 - 中期财报