蓝天燃气(605368) - 2022 Q4 - 年度财报

Dividend and Profit Distribution - The board proposed a cash dividend of 10 yuan (including tax) for every 10 shares and a capital reserve conversion of 4 additional shares for every 10 shares held[5]. - The company plans to distribute a cash dividend of 1 RMB per share (including tax), totaling 494,856,340 RMB, which represents 83.55% of the net profit attributable to shareholders for 2022, amounting to 592,265,300.95 RMB[114]. - The cash dividend distribution for 2021 was 5 RMB per 10 shares, totaling 231,351,000 RMB, which accounted for 54.97% of the net profit attributable to shareholders of 420,883,212.96 RMB[113]. - The company has outlined a three-year shareholder dividend return plan (2022-2024), emphasizing commitment to shareholder value[84]. Financial Performance - The company's operating revenue for 2022 was approximately RMB 4.75 billion, representing a year-over-year increase of 21.86% compared to RMB 3.90 billion in 2021[25]. - The net profit attributable to shareholders for 2022 was approximately RMB 592.27 million, a 40.72% increase from RMB 420.88 million in 2021[25]. - The net profit after deducting non-recurring gains and losses was approximately RMB 576.27 million, reflecting a 39.27% increase from RMB 413.79 million in the previous year[25]. - The cash flow from operating activities for 2022 was approximately RMB 830.02 million, up 28.08% from RMB 648.06 million in 2021[25]. - The total assets at the end of 2022 were approximately RMB 6.25 billion, a 21.38% increase from RMB 5.15 billion at the end of 2021[26]. - The net assets attributable to shareholders at the end of 2022 were approximately RMB 3.66 billion, representing a 25.88% increase from RMB 2.91 billion at the end of 2021[26]. - The basic earnings per share for 2022 were RMB 1.24, an increase of 34.78% compared to RMB 0.92 in 2021[27]. - The weighted average return on equity for 2022 was 18.24%, up from 15.47% in 2021, an increase of 2.77 percentage points[27]. Operational Developments - The company added three new subsidiaries during the reporting period, which expanded its franchise rights and significantly increased urban natural gas sales revenue[27]. - The company is focusing on the completion of rural natural gas utilization projects, which are expected to yield benefits as they reach completion[27]. - The company laid 79 kilometers of high-pressure pipelines and 418.7 kilometers of medium-pressure pipelines in 2022, supporting market expansion[38]. - The company diversified its gas procurement channels, signing agreements with multiple suppliers, which helped stabilize supply and reduce costs[38]. - The company is on track to complete its IPO fundraising projects by June 2023, which will enhance its gas supply capacity in the region[38]. Risk Management and Compliance - The company has detailed the main operational risks in the report, urging investors to pay attention to investment risks[7]. - The report emphasizes the importance of risk awareness for investors regarding the company's future developments[6]. - The company has established a comprehensive internal control system to enhance risk management and financial oversight, ensuring compliance with relevant laws and regulations[120]. - The company has not reported any significant environmental violations and operates in compliance with national and local environmental protection requirements[123]. - The company has not disclosed any specific measures taken to reduce carbon emissions during the reporting period[125]. Governance and Management - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[4]. - The company has established independent operational capabilities, separating its business, personnel, and financial matters from those of its controlling shareholder[81]. - The company has maintained a stable leadership structure with no significant changes in shareholding among senior management during the reporting period[86]. - The company has a total of 11,933,594 shares held by its senior management team[88]. - The company has a total of 462,702,000 restricted shares before the changes, representing 85.84% of total shares[151]. Acquisitions and Investments - The company completed the acquisition of 100% of Changge Linjue Energy Co., Ltd. in April 2022, making it a wholly-owned subsidiary[68]. - The company acquired 60% of Weishi County Wanfang Energy Co., Ltd. in May 2022[68]. - The company issued shares to purchase 52% of the equity in CGN Yulong (Henan) New Energy Co., Ltd., which was renamed Changge Lantian New Energy Co., Ltd.[68]. - The company acquired 52% equity of Changge Lantian, with a performance commitment of a net profit not less than 56.9749 million yuan for 2022, achieving a net profit of 57.9152 million yuan, thus meeting the performance commitment[129]. Market and Industry Trends - The company’s natural gas consumption in China decreased by 1.7% in 2022, reflecting broader market challenges[36]. - According to the Henan Provincial Development and Reform Commission, natural gas demand in Henan is expected to reach 20 billion cubic meters by 2025, with a gasified population of 50 million[43]. - The national goal is to increase the share of natural gas in primary energy consumption to around 15% by 2030, indicating a growing market for the company[42]. - The company faces competition from alternative energy sources such as wind and solar power, which may impact the demand for natural gas[78]. Financial Position and Assets - The company's total assets reached ¥4,232,261,999.32, up from ¥3,514,331,377.87 in 2021, indicating a growth of 20.4%[197]. - The company's goodwill increased significantly to CNY 225,118,911.32 from CNY 19,399,197.27, marking a growth of about 1035.5%[192]. - The company's total liabilities amounted to ¥1,137,948,308.00, compared to ¥1,074,361,782.96 in the previous year, indicating a growth of 5.9%[197]. - The company's equity attributable to shareholders rose to CNY 3,661,614,405.96 from CNY 2,908,887,817.80, indicating a growth of about 25.9%[193].