新奥能源(02688) - 2023 - 年度业绩

Financial Performance - Revenue for 2023 was RMB 113,858 million, an increase of 3.5% compared to RMB 110,051 million in 2022[1] - Core profit for 2023 was RMB 7,586 million, a decrease of 4.8% from RMB 7,966 million in 2022[3] - Basic earnings per share increased by 16.3% to RMB 6.05 from RMB 5.20 in 2022[3] - The overall revenue for the company increased by 3.5% to RMB 113.858 billion, despite challenges in the natural gas sector due to weak industrial demand[8] - The net profit attributable to shareholders was RMB 6.816 billion, a significant increase of 16.2% year-on-year, with basic earnings per share rising by 16.3% to RMB 6.05[8] - Gross profit decreased to RMB 14,338 million in 2023, down 9.0% from RMB 15,756 million in 2022[21] - The net profit for the year was RMB 7,732 million, representing a 15.9% increase compared to RMB 6,666 million in 2022[21] - The company reported a basic earnings per share of RMB 6.05, up from RMB 5.20 in the previous year[21] Sales and User Metrics - Natural gas retail sales volume decreased by 3.1% to 25,144 million cubic meters from 25,941 million cubic meters in 2022[3] - Total sales volume of energy products increased by 56.0% to 34,700 million kWh from 22,239 million kWh in 2022[3] - The number of new residential gas users decreased by 11.1% to 1,854 thousand from 2,086 thousand in 2022[3] - The cumulative number of residential users increased by 6.6% to 29,775 thousand from 27,921 thousand in 2022[3] - The company developed 18,706 industrial users and completed installations for 1.854 million new residential users, bringing the total number of industrial users served to 243,168 by the end of 2023[6] - The group achieved natural gas sales of 33.621 billion cubic meters in 2023, reducing carbon dioxide emissions by 45.11 million tons[15] Financial Position and Debt - The net debt ratio improved to 25.3% from 25.8% in 2022, a decrease of 0.5 percentage points[3] - As of December 31, 2023, the company's cash and cash equivalents amounted to RMB 9.689 billion, an increase of RMB 1.633 billion from the beginning of the year[9] - The total borrowings increased by RMB 2.131 billion to RMB 21.923 billion, with a net debt ratio of 25.3%, down 0.5 percentage points from the previous year[9] - The group's current liabilities net value was approximately RMB 8.548 billion as of December 31, 2023, supported by stable operating cash flow and quality liquid assets[12] Business Segments and Growth - In 2023, the company's natural gas retail business revenue slightly increased by 0.9% to RMB 60.611 billion, with total natural gas sales volume reaching 33.621 billion cubic meters, a year-on-year increase of 2.8%[6] - The wholesale gas business revenue and gross profit decreased by 0.9% and 60.0% to RMB 29.695 billion and RMB 1.095 billion, respectively, primarily due to a significant reduction in international natural gas market opportunities[6] - The company's energy business revenue rose by 32.5% to RMB 14.513 billion, with gross profit increasing by 22.6% to RMB 1.907 billion, driven by the completion of 86 energy projects[7] - The smart home business revenue reached RMB 3.702 billion, an increase of 18.9%, with gross profit recorded at RMB 2.517 billion, up 21.1%[7] Future Plans and Strategies - In 2024, the company aims to optimize its structure and upgrade its operations while focusing on resilient growth and cross-cycle development[17] - The natural gas business will adopt flexible sales strategies to meet personalized customer needs and enhance operational efficiency[18] - The group plans to expand its multi-energy services through innovative microgrid models, targeting low-carbon factories and buildings[19] - The smart home business will be upgraded to enhance customer trust and provide a safer, more efficient gas service experience[20] Dividends and Shareholder Information - The company declared a mid-term dividend of RMB 0.59 per share for 2023, totaling approximately RMB 2.977 billion, and proposed a final dividend of RMB 2.09 per share[34][35] - The proposed final dividend is HKD 2.31 per share, an increase from HKD 2.27 in 2022, equivalent to approximately RMB 2.09[42] - The total proposed dividend for the year is HKD 2.95 per share, representing a payout ratio of 40% of the group's core profit[42] - Shareholders can choose to receive the final dividend in RMB at a conversion rate of 1 HKD to 0.907382 RMB[44] - The company is required to withhold a 10% corporate income tax on dividends paid to non-resident shareholders[46] Compliance and Governance - The audit committee reviewed the group's performance and financial statements for the year ending December 31, 2023, on March 21, 2024[48] - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2023[47] - The company’s share incentive plan trustee holds 6,732,600 shares, representing 0.60% of the issued shares[41]