新疆火炬(603080) - 2022 Q4 - 年度财报

Financial Performance - In 2022, the company's operating revenue was CNY 848,236,283.34, a decrease of 5.73% compared to CNY 899,814,190.46 in 2021[25]. - The net profit attributable to shareholders was CNY 96,062,211.82, down 5.95% from CNY 102,143,320.35 in the previous year[25]. - The basic earnings per share decreased by 5.56% to CNY 0.68 from CNY 0.72 in 2021[26]. - The weighted average return on equity decreased by 0.88 percentage points to 7.42% from 8.30% in 2021[28]. - Total assets decreased by 9.95% to CNY 1,857,935,476.43 from CNY 2,063,315,176.72 in 2021[25]. - The net assets attributable to shareholders increased by 3.21% to CNY 1,320,217,401.35 from CNY 1,279,120,901.90 in 2021[25]. - Operating costs decreased by 7.46% to 593.78 million yuan, reflecting a reduction in sales revenue[59]. - The gross margin for urban gas business improved by 1.45 percentage points to 29.99% despite a 5.54% decrease in revenue[62]. - The company achieved operating revenue of 848.24 million yuan, a decrease of 5.73% compared to the previous year[57]. - Net profit attributable to shareholders was 96.06 million yuan, down 5.95% year-on-year[57]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 2.1 RMB per 10 shares, totaling approximately 29.715 million RMB for the year 2022[6]. - The cash flow from operating activities increased by 34.79% to CNY 189,906,322.21 from CNY 140,886,155.43 in 2021[25]. - The company has a cash dividend policy that stipulates a minimum of 10% of the distributable profits to be distributed as cash dividends each year, provided the company is profitable and has positive retained earnings[145]. - The cash dividend distribution from the 2021 annual profit was 3.61 RMB per 10 shares (including tax), amounting to a total of 51,081,500 RMB (including tax) distributed on May 24, 2022[151]. Operational Management - The company has enhanced its operational management by revising 11 regulations, including the compensation and performance evaluation systems, to improve efficiency[44]. - The company is leveraging modern information technology platforms to enhance its operational efficiency and management capabilities[44]. - The company maintained a goal of zero production accidents and zero casualties throughout the reporting period[43]. - The company is committed to maintaining healthy business development despite external disruptions such as the pandemic[39]. Market and Strategic Focus - The company is positioned as a key player in the natural gas supply industry in the southern Xinjiang region, enhancing its competitive advantage[48]. - The company is committed to supporting the national "dual carbon" strategy by promoting natural gas as a clean energy source[46]. - The company is strategically positioned in Kashgar, a key logistics hub, which is expected to drive future growth in natural gas demand[54]. - The company aims to enhance its gas supply and price stability capabilities, ensuring the achievement of energy development goals during the 14th Five-Year Plan[93]. - The company is actively pursuing the development of new gas fields and enhancing production management to boost output from existing fields[93]. Governance and Compliance - The company has established a robust internal control management system, ensuring compliance with legal regulations and enhancing decision-making efficiency[158]. - The company has not faced any penalties from securities regulatory agencies in the past three years[122]. - The company has a structured decision-making process for remuneration based on the completion of key economic indicators and individual performance[120]. - The company emphasizes communication with minority shareholders to gather their opinions on profit distribution plans[150]. - The company is committed to improving its governance structure to protect the rights of investors, particularly minority shareholders[104]. Environmental and Social Responsibility - The company has not received any environmental administrative penalties and has not experienced any environmental pollution incidents during its existence[165]. - Total donations for public welfare projects amounted to 2.3013 million CNY, including material donations for improving city appearance and pandemic prevention[167]. - The company invested 687,400 CNY in poverty alleviation and rural revitalization projects, with 613,600 CNY allocated for direct funding[167]. - The company adheres to national environmental protection laws and regulations, ensuring compliance in its operations[165]. Future Outlook - For 2023, the company plans to sell 473 million cubic meters of natural gas, with projected revenue of 990 million yuan and a net profit of 125 million yuan, although these figures are subject to various uncertainties[96]. - The company is focusing on the renovation of old residential gas pipelines, which is expected to provide new profit growth points in 2023[96]. - Future outlook suggests a focus on market expansion and the introduction of new products, aiming for a revenue increase of 10% in the next fiscal year[116]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[117].