Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 7.543 billion, approximately flat compared to RMB 7.650 billion in the previous year[3] - The company's operating profit for the year was RMB 937 million, down from RMB 1.601 billion in the previous year[13] - The net profit attributable to the company's owners for the year was RMB 469 million, a decrease from RMB 1.028 billion in the previous year[15] - The company reported a net profit of RMB 469,272 thousand for the year ended December 31, 2022, compared to RMB 1,028,114 thousand in 2021, indicating a significant decrease of approximately 54.4%[27] - Basic earnings per share for the year ended December 31, 2022, was RMB 0.45, down 55% from RMB 1.00 in 2021[33] - The gross profit for the year was RMB 1.393 billion, a decrease of 21.7%, with an overall gross margin of 18.5%, down 4.8 percentage points[48] Revenue Breakdown - Gas sales revenue increased by 12.0% to RMB 5.731 billion, while value-added business revenue grew by 24.1% to RMB 333 million[3] - Retail gas sales volume reached 1.666 billion cubic meters, up 4.8% from 1.590 billion cubic meters in the same period last year[3] - Value-added business revenue reached RMB 333 million, a growth of 24.1% compared to RMB 268 million in the previous year[11] - Gas retail business revenue reached RMB 4.905 billion, an increase of 18.3% from RMB 4.146 billion in the previous year[45] - The revenue from other businesses, primarily value-added services, increased by 29.2% to RMB 403 million[47] User Growth and Engagement - The company added over 350,000 residential management users, bringing the total to over 5.25 million[3] - The total number of residential users increased by 350,737, bringing the cumulative number to 5,252,003 users[10] - The cumulative number of pipeline gas users increased by 7.2% to 5,294,315, with urban residential users growing by 9.3%[42] - The number of new pipeline gas users decreased by 44.7% to 355,673, with a significant drop in rural residential users by 80.4%[42] Strategic Initiatives - The company aims to enhance gas supply security through optimized gas network layout and interconnection with nearby gas companies[4] - In 2023, the company plans to focus on expanding green energy business and enhancing value-added services while ensuring stable gas supply[6] - The company aims to expand its low-carbon energy business as a key strategic direction, responding to national low-carbon development strategies[12] - The company plans to leverage government cooperation and enhance its clean energy operations in rural areas to support rural revitalization[12] - The company plans to upgrade its rural coal-to-gas projects to rural energy projects, focusing on low-carbon energy construction in rural areas[43] Financial Position - Total assets increased to RMB 15,958,734 thousand in 2022, up from RMB 15,104,836 thousand in 2021, representing a growth of 5.65%[17] - Total liabilities increased to RMB 10,136,064 thousand in 2022, up from RMB 9,576,462 thousand in 2021, which is an increase of 5.85%[19] - Total equity attributable to owners increased to RMB 5,507,945 thousand in 2022, from RMB 5,218,179 thousand in 2021, marking a rise of 5.56%[18] - Cash and cash equivalents reached RMB 1,340,135 thousand in 2022, compared to RMB 1,014,978 thousand in 2021, showing a significant increase of 32.06%[17] - The company’s borrowings increased to RMB 4,287,778 thousand in 2022, compared to RMB 4,247,647 thousand in 2021, reflecting a growth of 0.94%[19] - The group maintained a debt-to-asset ratio of 63.5% as of December 31, 2022[52] Expenses and Costs - The cost of materials and consumables used increased to RMB 5,278,145 thousand in 2022 from RMB 4,668,463 thousand in 2021, reflecting an increase of about 13%[28] - The company incurred financial expenses of RMB 313,414 thousand in 2022, compared to RMB 228,053 thousand in 2021, representing an increase of about 37.5%[29] - The company’s total expenses for sales, distribution, and administrative costs amounted to RMB 6,460,776 thousand in 2022, compared to RMB 6,146,099 thousand in 2021, reflecting an increase of approximately 5.1%[28] Corporate Governance and ESG - The company established an ESG committee in 2022 to integrate ESG principles into operational strategies[5] - The board of directors has adopted all provisions of the corporate governance code during the reporting period[61] Dividend and Shareholder Returns - Proposed final dividend for 2022 is RMB 0.11 per share, with total dividends for the year amounting to RMB 0.1856 per share[3] - The proposed final dividend for the year ended December 31, 2022, is RMB 0.11 per share, down from RMB 0.1457 per share in the previous year[58]
天伦燃气(01600) - 2022 - 年度业绩