CC GAS(SH:600333)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,796,739,862.83, representing a 15.00% increase compared to CNY 1,562,396,998.04 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 24,492,620.54, a significant increase of 49.08% from CNY 16,429,102.12 in 2020[21]. - The net cash flow from operating activities reached CNY 241,467,445.07, marking a 400.54% increase compared to CNY 48,241,703.24 in 2020[21]. - The total assets of the company at the end of 2021 were CNY 5,779,509,049.44, which is a 3.19% increase from CNY 5,600,904,266.48 at the end of 2020[21]. - The basic earnings per share for 2021 was CNY 0.04, up 33.33% from CNY 0.03 in 2020[22]. - The weighted average return on equity increased to 1.16% in 2021, up by 0.38 percentage points from 0.78% in 2020[22]. - The company reported a net profit of CNY 112,101,777.68 in the fourth quarter of 2021, contrasting with losses in the previous three quarters[25]. - Non-recurring gains and losses totaled CNY 43,792,900.50 in 2021, down from CNY 75,892,800.84 in 2020[25]. - The company achieved a business revenue of 1.797 billion yuan in 2021, a 15% increase compared to the previous year, with profit indicators exceeding initial annual targets[27]. - The company reported a total revenue of approximately CNY 3.18 billion, with a net profit of CNY 69.4 million, reflecting a year-on-year increase of 52.8 million[57]. Operational Highlights - In 2021, the company added 56,000 gas supply users, bringing the total to 1.692 million users, with a maximum daily natural gas supply of 3.3 million cubic meters and an annual sales volume of 504 million cubic meters, representing an 18% increase year-over-year[27]. - The company's natural gas supply reached 504 million cubic meters in 2021, an increase of 18% year-on-year[36]. - The company received government financial support totaling 7.7 million yuan in interest subsidies, 7.34 million yuan in social insurance refunds, and 1.635 million yuan for gas facility renovation, significantly reducing renovation costs[28]. - The company is expanding its business into integrated energy solutions, providing customized heating and energy solutions for commercial enterprises, and developing a comprehensive energy utilization model[32]. - The company operates 1 compressed natural gas (CNG) mother station and 10 CNG refueling stations, focusing on green transportation and market-driven LNG wholesale and retail operations[33]. - The company is actively seeking to diversify its gas supply sources to mitigate rising costs and ensure stable supply amid challenging procurement conditions[27]. Safety and Risk Management - The company has improved its safety management, achieving zero responsibility accidents in 2021 and receiving recognition as an advanced unit in safety production in the gas industry[27]. - The company has not identified any significant risks that could materially affect its operations during the reporting period[7]. - The company is addressing safety management by implementing a comprehensive safety management system and conducting risk assessments on its pipelines and equipment[59]. - The company faces risks related to unstable gas supply and pricing, with natural gas prices expected to remain high in 2022[60]. - The company has increased safety investments due to stricter gas safety regulations, which may add pressure to future operations[60]. Corporate Governance - The company has implemented measures to ensure compliance with corporate governance standards, enhancing transparency and investor relations[63]. - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal requirements[64]. - The company has established strict internal controls to prevent insider trading and ensure confidentiality of sensitive information[66]. - The company has committed to timely and accurate information disclosure, adhering to regulations set by the Shanghai Stock Exchange[66]. - The company has a diverse management team with backgrounds in finance, energy, and public service, contributing to its operational effectiveness[71]. Community and Environmental Initiatives - The company established a leadership group for rural revitalization, ensuring continuous support and funding for poverty alleviation and rural development initiatives[102]. - The company is committed to enhancing employment and entrepreneurship support for impoverished populations, facilitating skills training and job placements[104]. - The company is focused on environmental improvements in rural areas, implementing comprehensive actions to enhance living conditions and hygiene awareness among villagers[104]. - The company has successfully lifted all identified impoverished households out of poverty by the end of 2017, with no cases of returning to poverty reported as of the end of 2021[105]. - The company aims to leverage its role in industrial integration to achieve the goals of strong agriculture, beautiful rural areas, and prosperous farmers[108]. Financial Position and Investments - The total liabilities rose to ¥3,623,030,723.77 in 2021, compared to ¥3,440,536,222.97 in 2020, indicating an increase of about 5.3%[142]. - Long-term borrowings increased significantly to ¥1,087,000,000.00 in 2021 from ¥309,000,000.00 in 2020, marking a rise of about 251.5%[142]. - The company's equity attributable to shareholders decreased slightly to ¥2,115,587,356.69 in 2021 from ¥2,124,216,832.31 in 2020, a decline of around 0.4%[143]. - The company reported a total of CNY 2,020,000.00 in owner contributions during the year[161]. - The company’s total liabilities and equity at the end of the year were CNY 2,124,216,832.31, indicating a solid financial position[168]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,637, an increase from 53,875 at the end of the previous month[120]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 357,810,876 shares, representing 58.75% of the total shares[121]. - The company reported no changes in its share capital structure during the reporting period[118]. - The company has not engaged in any asset management or entrusted loan activities during the reporting period[119]. - The company has not implemented any share buyback programs during the reporting period[125].