SGC(SH:601139)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥30,061,562,776.01, an increase of 40.38% compared to ¥21,414,734,213.10 in 2021[15] - The net profit attributable to shareholders for 2022 was ¥1,222,307,106.60, a decrease of 9.72% from ¥1,353,966,552.27 in 2021[15] - The total profit decreased mainly due to the rise in natural gas procurement costs[17] - The company reported a decrease in total profit for 2022, which was ¥1,657,354,751.70, down 9.63% from ¥1,834,015,608.73 in 2021[15] - The net profit after deducting non-recurring gains and losses was ¥1,085,566,309.49, a decrease of 18.58% from ¥1,333,339,732.63 in 2021[15] - The basic earnings per share were 0.42 yuan, down 10.64% year-on-year[23] - The weighted average return on net assets was 9.65%, a decrease of 1.67 percentage points from the previous year[23] Cash Flow and Assets - The net cash flow from operating activities increased by 22.39% to ¥1,636,940,030.00 in 2022, compared to ¥1,337,474,875.45 in 2021[15] - The total assets at the end of 2022 were ¥38,200,723,984.57, representing a 12.04% increase from ¥34,096,211,723.46 at the end of 2021[16] - The total liabilities at the end of 2022 were ¥22,806,507,844.38, an increase of 13.87% from ¥20,028,542,215.00 at the end of 2021[16] - The company's net assets attributable to shareholders increased by 6.36% to ¥13,148,704,967.65 at the end of 2022, compared to ¥12,362,647,464.13 at the end of 2021[15] - The company's cash received from sales of goods and services increased by 21.57% to CNY 28,409,490,626.17, reflecting growth in natural gas and photovoltaic film sales[39] Market and User Growth - The number of natural gas users reached 6.43 million, an increase of 690,000 users year-on-year[23] - The company added 100,000 commercial users in Shenzhen, bringing the total to 43,900, and increased residential users by 440,000, resulting in a total of 4.2 million pipeline gas users in Shenzhen[26] - The company operates pipeline gas projects in 57 cities, serving over 6.12 million users and covering a population of over 20 million[29] Research and Development - The company's R&D expenses increased by 59.93% to CNY 611 million, reflecting its commitment to innovation[31] - The company has obtained a total of 417 patents, including 93 invention patents, as part of its technology development strategy[29] - Research and development investments increased by 40% to 200 million, focusing on innovative technologies in the energy sector[63] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.3 per 10 shares to all shareholders, subject to approval at the annual general meeting[3] - The total number of shares for the cash dividend distribution is based on a total share capital of 2,876,767,544 shares[85] - The cash dividend for the 2021 fiscal year was RMB 1.6 per 10 shares, amounting to a total distribution of RMB 406,282,807.42[85] Governance and Compliance - The company adheres to strict governance practices, ensuring independence from its controlling shareholder and compliance with relevant laws and regulations[56] - The company maintains a robust insider information management system to prevent insider trading and ensure transparency in operations[56] - The company has established a robust internal control system to enhance decision-making efficiency and ensure compliance with laws and regulations[90] Strategic Plans and Future Outlook - The company plans to continue expanding its market presence and invest in renewable energy sources[24] - The company aims to enhance natural gas sales by refining existing markets and expanding into new ones, with a focus on improving user experience and safety standards[53] - The company is committed to becoming a leading clean energy operator and low-carbon smart city service provider in China[52] Risks and Challenges - The company faces risks related to gas supply and price fluctuations due to global geopolitical factors and government price controls[54] - The company is also exposed to risks from macroeconomic conditions affecting gas sales and potential exchange rate fluctuations impacting international procurement[55] Financial Management and Investments - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4] - The company has a long-term natural gas purchase contract with Guangdong Dapeng LNG Company, with a total purchase of 5.98 million tons and a total contract value of approximately 13.2 billion RMB[115] - The company has signed a natural gas procurement contract with Bi Pi (China) Investment Co., Ltd., with a supply of 22.5 million tons per year from 2023 to 2024[116] Employee and Workforce Management - The company employed a total of 8,959 staff members, with 3,321 in the parent company and 5,638 in major subsidiaries[81] - The total hours of outsourced labor amounted to 998,135 hours, with total payments for outsourced labor reaching 22.4688 million yuan[84] - The company plans to enhance employee training through various programs aimed at improving management performance and professional skills[83]