CC GAS(SH:600333)2023-08-18 16:00Financial Performance - The company's operating revenue for the first half of 2023 was CNY 971,268,718.86, representing a 7.31% increase compared to CNY 905,075,010.69 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2023 was a loss of CNY 105,472,421.69, slightly worsening from a loss of CNY 104,212,815.90 in the previous year[18]. - The net cash flow from operating activities for the first half of 2023 was a negative CNY 86,154,192.59, an improvement from a negative CNY 95,141,180.93 in the same period last year[18]. - The company achieved total revenue of CNY 971 million in the reporting period, representing a year-on-year increase of 7.33% driven by the growth in natural gas user market and increased consumption from industrial users[34]. - The number of gas users reached 1.713 million, including nearly 20,000 commercial users, indicating a stable growth in customer base[34]. - Natural gas sales volume increased to 261 million cubic meters, a year-on-year growth of 2.34%, with commercial user sales rising by 2.82% and industrial user sales increasing by 10.22%[34]. - The company's net profit for the first half of 2023 was not explicitly stated, but the retained earnings decreased from ¥205,757,890.42 to ¥145,406,040.39, indicating a decline of approximately 29.3%[70]. - The company's total profit for the first half of 2023 was a loss of CNY 116,655,816.54, compared to a loss of CNY 100,757,932.56 in the first half of 2022[73]. - The total comprehensive income for the first half of 2023 was a loss of CNY 106,631,315.37, compared to a loss of CNY 105,681,952.46 in the first half of 2022[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,079,336,597.40, showing a slight increase of 0.30% from CNY 6,060,953,179.57 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 5.12% to CNY 1,915,264,908.49 from CNY 2,018,590,287.25 at the end of the previous year[18]. - Short-term loans increased by 46.13% to ¥1,807,980,000, accounting for 29.74% of total assets[39]. - The total liabilities rose to RMB 4,124,116,270.22 from RMB 4,001,259,461.56, marking an increase of about 3.1%[66]. - The company's equity attributable to shareholders decreased to RMB 1,915,264,908.49 from RMB 2,018,590,287.25, a decline of about 5.1%[66]. - The total liabilities and equity at the end of the reporting period is CNY 1,955,220,327.18, compared to CNY 2,156,478,325.67 in the previous year, indicating a decrease of about 9.34%[86]. Cash Flow - Operating cash inflow for the first half of 2023 was CNY 1,044,345,219.90, an increase of 10.3% from CNY 947,080,504.32 in the same period of 2022[77]. - Cash inflow from financing activities reached CNY 1,701,900,000.00, up 62.5% compared to CNY 1,047,340,000.00 in the previous year[78]. - Total cash and cash equivalents at the end of the period were CNY 201,510,468.21, down from CNY 293,210,488.86 in the previous year[78]. - Cash outflow from investing activities was CNY 36,786,748.11, a decrease of 16.7% from CNY 44,276,530.13 in the first half of 2022[78]. Research and Development - Research and development expenses surged to CNY 2.35 million, a significant increase of 1,893.14% compared to the previous year, reflecting the company's commitment to innovation[35]. - The company reported a significant increase in R&D expenses, which rose to ¥2,347,146.18 in the first half of 2023 from ¥117,761.42 in the same period of 2022, marking a substantial increase[72]. Business Operations - The company is engaged in urban pipeline natural gas business, gas engineering construction, and clean energy development, with a focus on expanding its service offerings[22]. - The company operates in 8 cities and 1 national development zone in Jilin Province, enhancing its regional gas supply capabilities[23]. - The company has established 1 compressed natural gas (CNG) mother station and 10 CNG refueling stations to support its vehicle gas business[23]. - The company aims to provide comprehensive clean energy solutions, including customized heating and cooling services, through partnerships with equipment suppliers and heating enterprises[24]. - The company is actively expanding its business by integrating online and offline customer experience platforms, aiming for commercial model innovation[27]. - The company is positioned to benefit from the government's push for clean energy and the gradual increase in the proportion of natural gas in the energy consumption structure[29]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 45,776[58]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 357,810,876 shares, accounting for 58.75% of total shares[58]. Inventory and Receivables - The inventory at the end of the period was CNY 392,288,152.69, with a provision for inventory depreciation of CNY 5,391,126.25[195]. - The total accounts receivable at the end of the period amounted to CNY 187,246,759.85, with a bad debt provision of CNY 38,199,747.06, resulting in a provision ratio of 20.36%[178]. - The aging analysis of accounts receivable shows that 81.93% of the total was within one year, indicating a strong short-term collection capability[184]. - The company reported a significant amount of receivables from companies that have ceased operations, totaling CNY 1,143,378.08, all of which have been fully provisioned[180]. Financial Management - The company has a history of profitable operations and has the financial resources to support continued operations for at least the next 12 months[101]. - The company’s financial statements are prepared based on the principle of going concern, reflecting its financial position and operating results accurately[100]. - The company adheres to the accounting standards for enterprises, ensuring the financial statements are true and complete[102].