华润燃气(01193) - 2022 - 年度业绩

Financial Performance - Revenue for the year ended December 31, 2022, was HKD 94,338 million, an increase of 18.45% compared to HKD 79,642 million in 2021[2] - Profit attributable to equity holders for the same period was HKD 4,733 million, a decrease of 25.99% from HKD 6,395 million in 2021[2] - Basic earnings per share decreased by 25.89% to HKD 2.09 from HKD 2.82 in the previous year[2] - The group reported a pre-tax profit of HKD 8,615,556 for the year, after accounting for financial costs and unallocated expenses[14] - The company reported a profit before tax of HKD 11,183,717 for the year ended December 31, 2022, reflecting strong operational performance[17] - The total tax expense for 2022 was HKD 2,307,037,000, down from HKD 2,743,885,000 in 2021, representing a decrease of approximately 16.0%[24] - Basic earnings per share for 2022 were HKD 4,733,455,000, down from HKD 6,395,368,000 in 2021, reflecting a decrease of approximately 26.0%[27] Cash Flow and Assets - Net operating cash flow for the year was HKD 4,351 million, down 48.14% from HKD 8,390 million in 2021[2] - Non-current assets as of December 31, 2022, totaled HKD 83,979 million, an increase from HKD 75,570 million in 2021[6] - Total assets as of December 31, 2022, amounted to HKD 112,051,660, with major assets in gas fuel and related products at HKD 60,794,075, accounting for about 54% of total assets[15] - The company invested HKD 6,931,139 in non-current assets during the year, indicating a focus on long-term growth[16] - Trade receivables at the end of 2022 amounted to HKD 10,499,973,000, an increase from HKD 7,656,235,000 in 2021, representing a growth of about 37.9%[29] - Trade payables at the end of 2022 were HKD 10,277,590,000, up from HKD 8,452,224,000 in 2021, indicating an increase of approximately 21.6%[30] Revenue Segmentation - Total revenue for the year ended December 31, 2022, was HKD 94,338,329, with gas fuel and related products contributing HKD 75,137,134[14] - The segment profit for gas fuel and related products was HKD 5,550,569, while the gas connection segment achieved a profit of HKD 4,284,201[14] - Revenue from gas connection contracts amounted to HKD 12,207,857, contributing significantly to the overall performance[14] - The design and construction services segment generated revenue of HKD 471,289, reflecting the company's diversified service offerings[14] - The company achieved a revenue of HKD 31.85 billion in its integrated services business in 2022, representing a year-on-year growth of 42.5%[36] Customer Growth and Market Expansion - Total gas sales increased by 5.30% to 35,889 million cubic meters from 34,082 million cubic meters in 2021[2] - The total number of new residential customer connections rose by 15.68% to 4.08 million from 3.52 million in the previous year[2] - The company sold 35.889 billion cubic meters of natural gas in 2022, with industrial sales increasing by 3.0% to 18.762 billion cubic meters, accounting for 52.3% of total sales[33] - The company developed 433,000 industrial users and 4.077 million residential users in 2022, including 3.559 million new connections for new homes and 43,300 for old homes[34] - The company signed 3 new projects and registered 18 projects in 2022, expanding its franchise area by 13,000 square kilometers with a potential gas sales volume of 6.14 billion cubic meters[35] Strategic Initiatives and Future Outlook - The company plans to continue expanding its market presence, particularly in the gas fuel sector, to leverage growth opportunities[17] - The company aims to enhance gas source coordination, optimize pricing management, and stabilize core business development in 2023[42] - The company plans to accelerate business transformation towards low-carbon energy goals and improve comprehensive service business penetration[42] - The company is focused on cost reduction and efficiency improvement to ensure steady growth and enhance shareholder returns[42] - The company is actively pushing for the conversion from bottled gas to piped gas, contributing to the growth in gas sales volume[33] Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with its mandatory provisions throughout the year, except for a deviation regarding formal appointment letters for directors[48] - No significant events have occurred after the reporting date that could impact the company's operations, performance, or condition[49] - The annual report will be distributed to shareholders and published on the Hong Kong Stock Exchange website and the company's website[49] Dividends and Shareholder Information - The company declared a total dividend of HKD 2,880,633,000 for 2022, compared to HKD 2,109,440,000 in 2021, marking an increase of about 36.5%[26] - The proposed final dividend for the year 2022 is HKD 0.90 per share, totaling HKD 1.05 per share for the year, compared to HKD 1.27 per share in 2021[43] - Shareholders can choose to receive the final dividend in RMB at an exchange rate of HKD 1.0 to RMB 0.876058, with the RMB dividend amounting to RMB 0.7884522 per share[46] - The company will suspend share transfer registration from May 22, 2023, to May 25, 2023, to determine the identity of shareholders entitled to vote at the annual general meeting[44] Accounting Standards and Financial Reporting - The financial impact of the revised Hong Kong Financial Reporting Standards on the group's financial position and performance was negligible, as no contingent assets or liabilities were identified during the year[12] - The company has applied the revised accounting standards prospectively from January 1, 2022, with no significant changes affecting financial liabilities during the year[11] - The group has implemented changes in accounting policies without significant impact on the financial results, ensuring compliance with updated standards[10] - The company has not identified any loss contracts under the revised accounting standards, indicating stable contract performance[11]