ANG(603689)2023-04-07 16:00Financial Performance - The company's operating revenue for 2022 was CNY 5,927,261,214.32, representing a 20.07% increase compared to CNY 4,936,671,786.84 in 2021[27]. - The net profit attributable to shareholders for 2022 was CNY 258,300,027.08, which is a 25.16% increase from CNY 206,375,973.04 in 2021[27]. - The net profit after deducting non-recurring gains and losses was CNY 253,989,345.24, up 27.90% from CNY 198,588,566.37 in the previous year[27]. - The total assets at the end of 2022 reached CNY 6,005,259,696.15, marking a 16.17% increase from CNY 5,169,591,032.09 at the end of 2021[27]. - The net assets attributable to shareholders increased to CNY 2,772,538,457.73, a 7.85% rise from CNY 2,570,634,374.06 in 2021[27]. - The basic earnings per share for 2022 was CNY 0.55, reflecting a 25.00% increase compared to CNY 0.44 in 2021[28]. - The diluted earnings per share rose to CNY 0.45, which is a 4.65% increase from CNY 0.43 in the previous year[28]. - The weighted average return on equity increased to 9.67%, up 1.20 percentage points from 8.47% in 2021[28]. - The cash flow from operating activities net amount was CNY 437,659,039.04, a decrease of 7.31% from CNY 472,177,240.36 in 2021[27]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling 94,080,960.40 RMB for the year 2022[5]. - The total share capital as of the end of 2022 is 470,404,802 shares[5]. - The company reported a cash dividend of 2.00 yuan per share for 2022, totaling 94,080,960.40 yuan, which represents 36.42% of the net profit attributable to ordinary shareholders[127]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, enhancing its governance mechanisms[86]. - The company has maintained compliance with legal and regulatory requirements regarding the positions held by its senior management in shareholder units[99]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[109]. - The audit committee convened five times during the reporting period, focusing on financial reports and investment plans, including a review of the 2021 annual financial report and 2022 budget proposals[114]. - The company has emphasized its commitment to governance and oversight through the election of new board members and management personnel[97]. Operational Highlights - The company plans to continue expanding its natural gas pipeline network to enhance service coverage and operational efficiency[27]. - In 2022, the company achieved a total gas sales volume of 3.094 billion cubic meters, representing a year-on-year growth of 4.91%[36]. - The company constructed a pipeline network of 1,512 kilometers, accounting for approximately 70% of the province's long-distance pipelines[36]. - The company conducted over 70 safety inspections across all subsidiaries and key projects to mitigate operational risks[37]. - The company is focused on expanding its integrated energy services, including distributed energy and centralized heating projects[41]. Market and Competitive Landscape - The domestic apparent natural gas consumption decreased by 1.7% in 2022, marking the first decline since 2004[38]. - The company faced challenges from fluctuating energy prices and increased market competition, impacting its operational dynamics[37]. - The global natural gas market underwent significant changes due to geopolitical tensions, affecting supply and demand dynamics[38]. - The company aims to achieve a "100 billion gas" target by the end of the 14th Five-Year Plan, focusing on resource pooling and extending the industrial chain[79]. Research and Development - Research and development expenses totaled ¥4,764,689.48, accounting for only 0.08% of total operating revenue[57]. - The company is investing in new technologies, with a budget allocation of 50 million yuan for R&D in the next fiscal year[93]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development[103]. Employee and Talent Management - The total number of employees in the parent company and major subsidiaries is 1,058, with 490 in production, 168 in sales, and 242 in technical roles[121]. - The company initiated a restricted stock incentive plan in 2022 to enhance employee motivation and attract talent[122]. - The company’s training plan emphasizes building a learning organization and enhancing cross-disciplinary learning opportunities[124]. Environmental and Social Responsibility - The company invested 72.31 million yuan in environmental protection during the reporting period[137]. - The company conducted over 20 environmental inspections and established a tracking system for identified issues[141]. - The company has not established an environmental protection mechanism[139]. - The company has not implemented carbon reduction measures during the reporting period[142]. Strategic Initiatives - The company plans to strengthen its long-distance pipeline network, enhancing gas supply capabilities by connecting with national gas pipelines and LNG receiving stations[80]. - The company aims to develop a competitive provincial natural gas sales platform, focusing on centralized procurement and flexible distribution to increase market share[81]. - The company is considering strategic acquisitions to enhance its service offerings, with a target of acquiring two companies by the end of the year[103]. Financial Transactions and Related Parties - The company reported a total of 233,023,000 RMB in related party transactions, with actual amounts totaling 99,793,320 RMB[157]. - The company sold natural gas to related parties, with projected sales of 64,000,000 RMB to Tongling Ganghua Gas Co., but actual sales were only 48,355,430 RMB[156]. - The company has engaged in structured financing with a total amount of RMB 275 million, with an outstanding balance of RMB 40 million[171].