SGC(SH:601139)2023-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2023 reached ¥15,222,721,867.18, an increase of 2.87% compared to ¥14,798,694,773.92 in the same period last year[15]. - Net profit attributable to shareholders of the listed company was ¥649,561,037.28, representing a growth of 20.56% from ¥538,767,277.81 year-on-year[15]. - The net cash flow from operating activities was ¥1,076,165,106.27, a significant increase of 209.02% compared to a negative cash flow of ¥987,149,570.82 in the previous year[15]. - Basic earnings per share for the first half of 2023 were ¥0.23, up 21.05% from ¥0.19 in the same period last year[16]. - The company's natural gas supply volume reached 3.017 billion cubic meters, up 16.73% from the same period last year[31]. - The pipeline natural gas sales volume was 2.328 billion cubic meters, reflecting a year-on-year increase of 19.11%[33]. - The company’s smart service revenue surged to CNY 1.076 billion, marking a 110% year-on-year increase[37]. - The company reported a net profit of approximately 793.74 million RMB for the first half of 2023, representing a 4.80% increase compared to 757.41 million RMB in the same period last year[83]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥40,090,298,221.12, up 4.95% from ¥38,200,723,984.57 at the end of the previous year[15]. - Total liabilities reached CNY 24,154,387,144.41, up from CNY 22,806,507,844.38, indicating an increase of about 5.89%[88]. - The total equity attributable to shareholders was CNY 13,424,470,322.90, an increase from CNY 13,148,704,967.65, showing a rise of about 2.09%[88]. - The company's current ratio improved to 0.52 from 0.50, reflecting a 3.50% increase[83]. - The debt-to-asset ratio increased slightly to 60.25% from 59.70%, indicating a 0.92% rise[83]. Cash Flow - The company reported a cash flow from operating activities of ¥1,076,165,106.27, a significant recovery from a negative cash flow of -¥987,149,570.82 in the same period of 2022[100]. - Total cash inflow from financing activities reached ¥12,130,155,503.16 in the first half of 2023, up from ¥8,133,386,844.66 in the previous year, indicating a growth of approximately 49.1%[103]. - The net cash outflow from investment activities was ¥2,239,237,652.90, a significant increase from ¥786,653,486.74 in the first half of 2022[103]. - Cash and cash equivalents at the end of the first half of 2023 stood at ¥3,103,419,404.63, down from ¥3,844,521,439.35 at the end of the first half of 2022[103]. Investments and Contracts - The company has signed a 25-year natural gas procurement contract with Guangdong Dapeng, with an annual supply of approximately 270,000 tons[28]. - The company has a procurement agreement with BP China for up to 300,000 tons of natural gas annually starting from January 2023[28]. - The company signed a natural gas purchase contract with Guangdong Dapeng LNG Co., Ltd. for a total of 5.98 million tons over 25 years, with a total contract value of approximately 13.2 billion RMB[67]. - The company has a long-term agreement with PetroChina for the procurement of 4 billion cubic meters of natural gas annually until December 31, 2039[68]. Research and Development - Research and development expenses rose by 24.64% to CNY 337,475,931.72, up from CNY 270,767,223.62 in the previous year[41]. - The company has accumulated 321 intellectual property rights, including 57 invention patents and 201 utility model patents[30]. Corporate Governance - The company did not distribute profits or increase capital reserves in the first half of 2023, with no dividends or stock bonuses declared[54]. - There were significant changes in the board and management, with the election of a new chairman and the appointment of a new CFO[53]. - The company held three temporary shareholder meetings in 2023, approving various resolutions including the election of directors and the issuance of convertible bonds[52]. Market Presence and Customer Base - The company operates 57 urban pipeline gas projects across 11 provinces, serving over 7 million users and covering a population of more than 20 million[28]. - The company has a stable and growing customer base, with a focus on expanding its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area[28]. - The company added 600,000 pipeline gas users, bringing the total to 7.03 million users by the end of June 2023[33]. Financial Management - The company successfully maintained a loan repayment rate of 100% and an interest payment rate of 100%[83]. - There were no overdue bonds reported during the reporting period, indicating strong financial management[81]. - The company reported a decrease in sales expenses to ¥400,117,463.66 from ¥441,495,323.41 in the previous year, indicating cost management efforts[96]. Compliance and Legal Matters - The company did not report any non-operating fund occupation by controlling shareholders or related parties[3]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[62]. - The company has maintained compliance with commitments related to avoiding competition in the gas industry since 2008[60]. Environmental and Social Responsibility - The company invested a total of 1.72 million yuan in poverty alleviation and rural revitalization projects, including 1.5 million yuan for infrastructure in Shantou and 200,000 yuan for educational facilities in Guizhou[57]. - There were no significant changes in environmental responsibilities or carbon reduction measures reported[56].