CQGAS(SH:600917)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,334,885,190.84, representing a 15.50% increase compared to CNY 3,753,284,195.87 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 240,089,350.59, up 7.17% from CNY 224,019,208.32 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 225,033,803.29, reflecting a 15.51% increase from CNY 194,814,290.05 in the same period last year[22]. - The total profit amounted to 275 million RMB, reflecting a 5.42% increase compared to the previous year[31]. - Net profit was 244 million RMB, up 7.45% year-on-year[31]. - Basic earnings per share for the first half of 2022 were CNY 0.153, up 6.99% from CNY 0.143 in the same period last year[25]. - The diluted earnings per share were also CNY 0.153, reflecting the same percentage increase of 6.99% compared to the previous year[25]. - The company reported a net profit of ¥1,273.41 million from Chongqing Jiangjin Natural Gas Co., with total revenue of ¥22,327.10 million[44]. - The company reported a net profit of ¥2,165.21 million from Chongqing Bishan Natural Gas Co., with total revenue of ¥20,563.68 million[44]. - The company reported a total profit of ¥82,319,538.93, which is a 15.5% increase from ¥71,288,764.67 in the previous year[108]. Cash Flow and Assets - The net cash flow from operating activities was CNY 343,241,255.05, showing a slight increase of 1.13% compared to CNY 339,420,599.35 in the previous year[22]. - Cash and cash equivalents decreased by 3.80% to CNY 1,158,424,201.03, accounting for 12.32% of total assets[36]. - The company's cash and cash equivalents at the end of the reporting period amount to ¥1,158,424,201.03, down from ¥1,204,135,708.73 at the beginning of the period[89]. - The ending balance of cash and cash equivalents was CNY 1,070,611,187.98, down from CNY 1,252,587,169.73 at the end of the previous year[123]. - The company’s net increase in cash and cash equivalents was -CNY 51,389,457.77, an improvement from -CNY 189,132,769.39 in the previous year[123]. - The total assets at the end of the reporting period were CNY 9,404,542,570.55, which is a 3.57% increase from CNY 9,080,210,179.35 at the end of the previous year[22]. - Total assets increased to ¥9,404,542,570.55, up from ¥9,080,210,179.35, representing a growth of approximately 3.56%[92]. - The total current assets increased to ¥2,059,571,243.68 from ¥2,003,307,928.21, indicating a rise of about 2.8%[89]. - The total liabilities reached ¥4,276,211,788.67, up from ¥3,965,397,686.02, indicating a growth of approximately 7.83%[93]. Liabilities and Equity - The total liabilities and shareholders' equity amounted to CNY 9,404,542,570.55, reflecting a 3.57% increase from the previous year[38]. - The company’s total liabilities are not explicitly stated but can be inferred from the total equity and assets, indicating a balanced financial position[132]. - The total equity decreased to ¥4,006,483,110.41 from ¥4,148,976,440.30, a decline of 3.4% year-over-year[104]. - The total equity attributable to the parent company at the end of the reporting period is CNY 4,891,109,603.51, reflecting a decrease of CNY 26,446,578.41 compared to the previous year[132]. - The company reported a profit distribution of -133,563,900.83, indicating a significant reduction in shareholder returns[140]. Operational Highlights - The total gas supply reached 1.853 billion cubic meters, an increase of 1.80% year-on-year[31]. - The number of new users added during the period was 96,100, bringing the total customer base to 5.5715 million[31]. - The company achieved a gross profit growth in gas sales while reducing unit distribution costs[30]. - The company has ongoing projects for natural gas pipelines with total investments of CNY 48,024.74 million approved by local authorities[40]. - The company has actively promoted distributed energy projects and comprehensive energy project development[59]. Research and Development - Research and development expenses increased by 9.56% to 1.213 million RMB[35]. - Research and development expenses for the first half of 2022 were ¥1,213,430.57, an increase from ¥1,107,536.08 in the previous year[104]. - Research and development expenses amounted to ¥1,213,430.57, slightly up from ¥1,107,536.08 in the same period last year[108]. Regulatory and Compliance - The company has faced increased regulatory scrutiny regarding compliance and market expansion, posing challenges to its operational strategies[48]. - The company has not reported any major litigation or arbitration matters during the reporting period[66]. - The company has not experienced any non-compliance issues with its controlling shareholder during the reporting period[66]. Shareholder Information - The total number of common shareholders as of the reporting period end is 32,659[79]. - The top shareholder, Chongqing Energy Investment Group Co., Ltd., holds 645,420,000 shares, representing 41.07% of the total shares[79]. - The second-largest shareholder, China Resources Gas (China) Investment Co., Ltd., holds 350,000,000 shares, accounting for 22.27%[79]. - The company has 71,382,286 shares frozen due to creditor precautionary measures, which is 4.54% of the total share capital[82]. Capital Structure and Changes - The company has undergone several capital adjustments, with the registered capital changing from 15,987,000 yuan at inception to 60,515,000 yuan by 2009[143]. - The company issued 156 million shares at a par value of RMB 1 per share, raising its total share capital to RMB 1,556,000,000[146]. - The company completed a share transfer agreement, transferring 10% of its total share capital to Chongqing Urban Construction Investment Group at a price of RMB 7.85 per share, totaling RMB 122.15 million[146]. Risk Factors - The company faces external risks due to ongoing economic pressures, including demand contraction and supply shocks, which have not fundamentally reversed[45]. - The company is experiencing operational risks from high natural gas prices and significant safety costs related to infrastructure upgrades and regulatory compliance[48].