新奥能源(02688) - 2022 - 年度业绩

Financial Performance - Revenue for 2022 reached RMB 110,051 million, an increase of 18.2% compared to RMB 93,113 million in 2021[1] - Core profit for 2022 was RMB 7,964 million, reflecting an 11.3% increase from RMB 7,154 million in 2021[1] - Basic earnings per share decreased by 24.4% to RMB 5.20 from RMB 6.88 in 2021[1] - Total dividend per share for 2022 was HKD 2.91, up 7.8% from HKD 2.70 in 2021[1] - The overall operating revenue increased by 18.2% to RMB 110.051 billion, with gross profit rising by 12.1% to RMB 15.756 billion[9] - The company reported a net profit of RMB 6,664 million for 2022, down from RMB 8,995 million in 2021, reflecting a decrease of approximately 26.0%[22] - The gross profit for 2022 was RMB 15,756 million, up from RMB 14,056 million in 2021, indicating a growth of about 12.1%[22] - The total proposed dividend for the year is HKD 2.91 per share, which corresponds to approximately RMB 2.60, representing a payout ratio of 37% of the core profit[42] Sales and Operations - Natural gas retail sales volume increased by 2.7% to 25,941 million cubic meters from 25,269 million cubic meters in 2021[1] - Comprehensive energy sales volume grew by 16.6% to 22,239 million kilowatt-hours from 19,065 million kilowatt-hours in 2021[1] - Total natural gas sales volume reached 32.697 billion cubic meters, a slight decrease of 1.2% year-on-year, while retail gas volume grew by 2.7% to 25.941 billion cubic meters, driving retail gas revenue up by 22.0% to RMB 60.082 billion[8] - The company's comprehensive energy business revenue increased by 40.3% to RMB 10.951 billion, with a gross profit rise of 14.0% to RMB 1.556 billion[7] - The smart home business revenue rose by 33.0% to RMB 3.114 billion, with a gross profit of RMB 2.078 billion, up 20.6%[8] - The company completed 60 integrated energy projects during the year, bringing the total to 210 projects in operation[7] - The company signed contracts for urban-level energy projects with an annual energy scale exceeding 18 billion kilowatt-hours[6] Customer and Market Growth - The cumulative number of household users reached 27,921 thousand, an 8.1% increase from 25,835 thousand in 2021[4] - The number of urban gas projects increased to 254 from 252 in 2021, showing a slight growth[4] - The company’s retail gas sales to industrial users reached 20.375 billion cubic meters, a year-on-year increase of 2.4%, accounting for 78.5% of total retail gas sales[8] - The company has identified effective business opportunities amounting to 34.7 billion kWh, which will support the rapid development of its diversified energy business[20] Financial Stability and Debt Management - As of December 31, 2022, the total debt of the group was RMB 19.79 billion, a decrease of RMB 98 million compared to the previous year[11] - The net debt ratio decreased to 25.8% from 26.6% in 2021, indicating improved financial stability[12] - The group had cash and cash equivalents of RMB 8.056 billion, a decrease of RMB 628 million from the beginning of the year, primarily due to debt reduction of RMB 1.258 billion[10] - The group managed to reduce its short-term borrowings by RMB 5.509 billion, resulting in a total short-term borrowing of RMB 6.341 billion[10] - The company’s financing costs increased by 16.7% to RMB 672 million due to interest rate fluctuations[9] - The company’s financing costs rose to RMB 672 million in 2022 from RMB 576 million in 2021, marking an increase of about 16.7%[22] Sustainability and Environmental Impact - The group issued USD 550 million in green bonds to fund clean energy projects, enhancing its commitment to sustainable development[15] - The LNG sales volume reached 32.697 billion cubic meters, resulting in a reduction of 44.9 million tons of CO2 emissions[16] Corporate Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2022[45] - The audit committee reviewed the financial performance for the year ended December 31, 2022, and the audited consolidated financial statements[46] - The company has established an audit committee in accordance with the Listing Rules to oversee accounting standards and practices[46] Future Outlook - The group aims to leverage opportunities from low-carbon, smart, and urbanization trends to drive transformation and upgrade in 2023[18] - The company plans to enhance its natural gas business by solidifying existing customer relationships and pursuing strategic acquisitions to expand its market presence[19] - The company aims to provide integrated smart kitchen solutions to enhance customer penetration and value per household[21] Miscellaneous - The company has no significant post-reporting events or contingent liabilities as of December 31, 2022[40] - The company held 2,685,100 shares under its share incentive plan, representing 0.24% of the issued shares as of December 31, 2022[41] - The proposed final dividend for the year 2022 is HKD 2.27 per share (approximately RMB 2.05), pending approval at the upcoming annual general meeting[35] - The total tax expense for 2022 was RMB 2,388 million, slightly down from RMB 2,398 million in 2021[32] - The company reported a net loss of RMB 1,569 million from other income and losses in 2022, compared to a gain of RMB 984 million in 2021[31] - The depreciation and amortization expense for 2022 was RMB 2,011 million, compared to RMB 1,739 million in 2021, representing an increase of about 15.6%[28] - The company’s effective tax rate is primarily 25%, with certain subsidiaries qualifying for a reduced rate of 15% as high-tech enterprises[32] - Accounts receivable decreased from RMB 3,630 million in 2021 to RMB 3,007 million in 2022, a reduction of approximately 17.2%[39] - The company reported a total of RMB 5,962 million in accounts payable for 2022, down from RMB 7,623 million in 2021, reflecting a decrease of about 21.8%[40] - The weighted average number of shares for basic earnings per share calculation was 1,127,721,566 in 2022, slightly up from 1,126,611,575 in 2021[33] - The company will suspend share transfer registration from May 19 to May 24, 2023, for shareholders to attend the annual general meeting[43]