CDGAS(SH:603053)2022-04-15 16:00Financial Performance - The company's operating revenue for 2021 was CNY 4,381,483,011, representing a 5.12% increase compared to CNY 4,167,991,295 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 488,772,864, an increase of 18.03% from CNY 414,112,317 in 2020[21] - Basic earnings per share for 2021 were CNY 0.55, up 17.02% from CNY 0.47 in 2020[22] - The weighted average return on equity increased to 13.08% in 2021, up from 11.65% in 2020, reflecting a 1.43 percentage point increase[22] - The company achieved operating revenue of CNY 4.38 billion, a year-on-year increase of 5.12%[58] - The net profit attributable to shareholders was CNY 489 million, up 18.03% compared to the previous year[58] Cash Flow and Assets - The net cash flow from operating activities increased by 34.45% to CNY 649,121,015 in 2021, primarily due to increased gas sales and pre-received comprehensive service fees[22] - The total assets at the end of 2021 were CNY 6,634,568,087, a slight decrease of 0.23% from CNY 6,649,914,191 at the end of 2020[21] - The net cash flow from investment activities was -CNY 30,273.82 million, a 65.67% decrease compared to the previous year[71] - The total assets at the end of the period were CNY 6,634,000,000, with cash and cash equivalents decreasing by 25.89% to CNY 1,383,595,823.91[75] Customer Base and Market Expansion - The company signed contracts with 56,600 residential users and developed 1,129 non-residential customers during the year, expanding its customer base significantly[33] - The company successfully completed the acquisition of effective gas-related assets from a local gas company, expanding its operational area by approximately 135 square kilometers, totaling over 1,900 square kilometers[33] - The company aims to expand its business in distributed energy, energy-saving renovations, and carbon neutrality services, positioning itself as a leading comprehensive energy service provider in China[45] - The company plans to expand its operations in the Chengdu area through mergers and acquisitions, aiming to create a unified gas supply network[95] Environmental Initiatives - The company estimated a reduction of approximately 14,000 tons of CO2 emissions per year from its clean energy projects, contributing to environmental sustainability[36] - The company established a carbon neutrality service platform and completed the certification of 22,000 tons of carbon reduction in Chengdu[36] - The company promotes a green culture by encouraging employees to save water, electricity, and paper, and has improved its office automation to reduce paper waste[149] - The company has adopted measures to reduce carbon emissions and improve its EHS management system[150] Research and Development - The company invested over 21.36 million yuan in technology innovation projects during the reporting period, completing 12 out of 20 new technology innovation projects and obtaining 13 patents[37] - R&D expenses increased by 56.94% to CNY 21.36 million, reflecting the company's commitment to innovation[59] - The company is investing 150 million CNY in R&D for new technologies aimed at improving service efficiency[120] Safety and Governance - The company has implemented a safety management strategy focusing on five key areas, enhancing its risk control capabilities following the "6.13" incident in Hubei[39] - The company has established a technology innovation and information department to support operational decision-making through scientific research and innovation[37] - The company emphasizes safety management and aims to improve its safety production levels to prevent accidents[96] - The company has not faced any penalties from securities regulatory authorities in the past three years[124] Strategic Goals and Future Outlook - The company aims for a revenue target of 4.858 billion CNY and a net profit of 521 million CNY for 2022, with significant uncertainties due to market conditions and management factors[94] - The strategic goal is to become a leading comprehensive energy service provider in China, focusing on scale, smart operations, and market recognition[90] - Future guidance includes an expected EBITDA margin of H%, reflecting improved profitability measures[117] Shareholder and Management Information - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares to all shareholders[4] - The total compensation for directors and senior management was reported at 50 million CNY for the year, based on performance metrics[122] - The company has a total of 11 independent directors and supervisors, all of whom received a fixed remuneration of 0.06 million yuan each[113] Internal Controls and Compliance - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[147] - The company has completed over 350 internal control system constructions, with 49 systems revised and published in 2021, indicating a robust internal control framework[144] - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for 2021[190]