洪通燃气(605169) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company's operating revenue reached CNY 1,204,408,538.64, representing a year-on-year increase of 51.06% compared to CNY 797,315,988.92 in 2020[21]. - The net profit attributable to shareholders was CNY 200,076,131.64, up 61.73% from CNY 123,706,693.93 in the previous year[21]. - The cash flow from operating activities amounted to CNY 266,587,777.03, reflecting a 52.58% increase from CNY 174,723,229.28 in 2020[21]. - The total assets of the company increased by 13.24% to CNY 2,277,888,948.31 at the end of 2021, compared to CNY 2,011,485,943.36 at the end of 2020[22]. - The basic earnings per share rose to CNY 0.9619, marking a 28.03% increase from CNY 0.7513 in 2020[23]. - The weighted average return on equity decreased to 12.43%, down 3.02 percentage points from 15.45% in 2020[23]. - The total profit for the year was CNY 249.17 million, reflecting a year-on-year growth of 61.21%[65]. - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[121]. Dividend and Capital Management - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares (including tax) and to increase capital by 3.60 shares per 10 shares from capital reserves, totaling a cash dividend of 104 million RMB based on a total share capital of 208 million shares as of December 31, 2021[4]. - After the capital reserve conversion, the total share capital will increase to 282.88 million shares[4]. - The total number of shares held by the chairman and general manager Liu Hongbing increased from 69,090,737 to 89,817,958, representing an increase of 20,727,221 shares due to capital reserve conversion[119]. - The total number of shares held by the company’s board members increased from 86,207,416 to 112,069,641, a total increase of 25,862,225 shares during the reporting period[119]. - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be distributed as cash dividends if there are no major investment plans or cash expenditures[144]. - The profit distribution policy requires the board to consider operational data, profit scale, cash flow, and shareholder opinions before proposing a distribution plan, which must be approved by a majority vote at the shareholders' meeting[147]. Operational Efficiency and Growth Strategies - The company plans to continue expanding its market presence and enhancing its product offerings in the future[23]. - The company is focusing on talent development and succession planning to ensure sustainable growth[35]. - The company has adjusted its organizational structure to include new departments such as the Strategic Investment Department and Research Institute to support future growth[35]. - The company aims to enhance supply chain management and operational efficiency through standardized processes[34]. - The company is focusing on expanding its LNG production, transportation, and storage capabilities, leveraging technological advantages and market positioning[100]. - The company is actively participating in the transition towards cleaner energy sources, aligning with national policies aimed at reducing pollution and promoting natural gas utilization[103]. Market and Industry Trends - The demand for LNG is increasing due to heightened environmental concerns, with LNG being a cleaner alternative that produces approximately half the greenhouse gases of coal and two-thirds of those from oil[49]. - The urban gas market is seeing a shift towards LNG, which is being utilized for peak shaving in gas supply systems, ensuring stable supply during high demand periods[52]. - The government aims for natural gas production to exceed 230 billion cubic meters by 2025, enhancing the supply security for natural gas vehicles[58]. - The natural gas industry is positioned as a key player in achieving the "dual carbon" goals and the development of a modern energy system, with a focus on high-quality growth[46]. - The company is positioned to benefit from government policies promoting the use of natural gas in transportation and public services, enhancing market demand[104]. Governance and Compliance - The company's board of directors and management guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company has not violated decision-making procedures for external guarantees[6]. - The company has established independent financial management systems, including separate accounting and banking arrangements[118]. - The board has maintained effective communication with shareholders, especially minority shareholders, to gather their opinions on cash dividend proposals[147]. - The company has committed to maintaining transparency in its financial reporting and compliance with regulations[130]. Social Responsibility and Environmental Initiatives - The company has committed to achieving "zero emissions" in green production and is focused on promoting advanced, energy-efficient technologies[161]. - The company has actively participated in social activities to enhance its corporate image and fulfill its social responsibilities[162]. - The company donated a total of 500,000 RMB for flood relief in Zhengzhou and 200,000 RMB for educational support in Daping County[165]. - The company is actively involved in rural revitalization projects, addressing challenges in remote areas through its natural gas supply initiatives[162]. Financial Management and Investments - The total amount of entrusted financial management reached CNY 1,088,721,205.28, with an unexpired balance of CNY 719,705,204.44[186]. - The company has successfully redeemed all entrusted financial management investments without any losses reported[188]. - The company has diversified its financial management by engaging multiple banks for entrusted deposits[192]. - The company has plans for future entrusted financial management activities, indicating ongoing investment strategies[192]. Risk Management - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6]. - The company did not experience any risks of delisting or bankruptcy reorganization during the reporting period[180]. - The company is at risk of increased natural gas procurement costs if domestic and international supply tightens[112].