2023-03-28 12:22Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 171,944 million, representing a 24.1% increase from RMB 138,547 million in 2021[1] - Profit before income tax expenses increased by 7.7% to RMB 11,392 million from RMB 10,576 million in the previous year[1] - Core profit attributable to shareholders rose by 25.2% to RMB 6,281 million compared to RMB 5,016 million in 2021[1] - The company reported a net profit of RMB 8,203 million for the year, down from RMB 26,337 million in 2021, primarily due to discontinued operations[4] - The company reported a net profit for continuing operations of RMB 8,203 million for the year 2022, compared to RMB 7,878 million in 2021, reflecting an increase of approximately 4.1%[12] - Profit attributable to shareholders was RMB 5.228 billion, up RMB 0.087 billion or 1.7% compared to the previous year[28] - Basic earnings per share for the year were RMB 60.38, a slight increase of 1.7% from RMB 59.37 in 2021[1] - Basic earnings per share for the year were RMB 0.6038, reflecting a stable performance[20] Revenue Breakdown - Natural gas sales volume reached 44,988 million cubic meters, an increase of 7.1% from 41,999 million cubic meters in 2021[1] - Retail gas sales volume increased by 8.0% to 27,762 million cubic meters from 25,710 million cubic meters in the previous year[1] - Natural gas sales generated revenue of RMB 131,892 million in 2022, up from RMB 105,044 million in 2021, marking a growth of approximately 25.6%[13] - LPG sales revenue increased to RMB 29,224 million in 2022 from RMB 24,038 million in 2021, which is a growth of about 21.7%[13] - LNG processing and storage services revenue rose to RMB 8,542 million in 2022, compared to RMB 7,733 million in 2021, indicating an increase of approximately 10.5%[13] - Natural gas sales revenue reached RMB 133.987 billion, a year-on-year increase of 25.8%[31] Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 138,892 million, compared to RMB 132,582 million in 2021[5] - Total liabilities, including accounts payable and contract liabilities, amounted to RMB 27.720 billion[26] - The total assets of the company as of December 31, 2022, were RMB 138,892 million, up from RMB 132,582 million in 2021, representing a growth of about 4.9%[12] - The capital debt ratio decreased to 24.26% from 24.92% the previous year, indicating improved financial stability[44] Dividends - The company declared a dividend of RMB 25.39 per share, up 22.2% from RMB 20.78 in the previous year[1] - The proposed final dividend for 2022 is RMB 0.2539 per share, compared to RMB 0.2078 per share in 2021, with a total payout of approximately RMB 2,198 million[55] - The dividend payout ratio for 2022 is approximately 35.00%, consistent with the previous year[55] Operational Highlights - In 2022, natural gas retail volume increased by 8.0% to 27.762 billion cubic meters, with total customers growing by 867,400 to 14.713 million[29] - The company signed 62 cooperation framework agreements and added 23 new projects, increasing annual sales capacity by over 3.2 billion cubic meters[29] - The company achieved a retail gas volume growth of 10% and added 800,000 new users[1] - LNG processing and storage revenue grew by 19.4% to RMB 12.810 billion, with 15 LNG plants operating and processing volume increasing by 3.23 billion cubic meters[31] Costs and Expenses - Interest expenses for continuing operations amounted to RMB 899 million in 2022, compared to RMB 783 million in 2021, which is an increase of about 14.8%[16] - Procurement, services, and other costs rose by 26.0% to approximately RMB 146,077 million, compared to RMB 115,893 million last year[39] - Employee compensation costs increased by 4.8% to approximately RMB 5,749 million, up from RMB 5,485 million last year[40] Corporate Governance and Future Plans - The ESG rating improved from BB to BBB, reflecting enhanced corporate governance and sustainability efforts[30] - The company aims to achieve over 10% growth in operating income year-on-year[1] - The company is actively promoting 30 new energy projects and aims to establish 10 "zero-carbon demonstration stations"[1] Shareholder Information - The 2023 Annual General Meeting is scheduled for May 31, 2023, with the notice sent to shareholders along with the 2022 Annual Report[57] - Share transfer registration will be suspended from May 25, 2023, to May 31, 2023, to determine eligibility for attending the AGM and receiving the 2022 final dividend[58] - The deadline for submitting share transfer documents for AGM voting eligibility is May 24, 2023, at 4:30 PM[58] - The deadline for submitting share transfer documents to qualify for the 2022 final dividend is June 6, 2023, at 4:30 PM[58]