华润燃气(01193) - 2023 - 年度业绩

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 101,272 million, an increase of 7.35% compared to HKD 94,338 million in 2022[2] - Profit attributable to equity holders for the same period was HKD 5,224 million, reflecting a growth of 10.36% from HKD 4,733 million in the previous year[2] - Basic earnings per share increased to HKD 2.30, up 10.05% from HKD 2.09 in 2022[4] - Total revenue for the year ended December 31, 2023, was HKD 101,271,905,000, with segment profits before tax amounting to HKD 13,079,019,000[12] - The group reported a profit before tax of HKD 8,909,045,000 for the year, after accounting for various expenses and financial costs[12] - The company reported a profit before tax of HKD 8,615,556 for the year ended December 31, 2023, compared to HKD 5,550,569 in 2022, indicating a growth of about 55.5%[15] Cash Flow and Assets - Net operating cash flow surged by 133.41% to HKD 10,157 million, compared to HKD 4,351 million in the prior year[2] - Total assets less current liabilities amounted to HKD 86,762 million, up from HKD 65,983 million in 2022[5] - Total equity attributable to equity holders increased to HKD 40,772 million, compared to HKD 39,307 million in the previous year[6] - Non-current assets totaled HKD 102,417 million, a significant rise from HKD 84,231 million in 2022[5] - The group's total assets as of December 31, 2023, were HKD 137,871,085,000, with total liabilities amounting to HKD 74,487,403,000[13] Dividends - The company declared an interim dividend of HKD 1.1569 per share, up 10.18% from HKD 1.05 in the previous year[2] - The proposed final dividend for the year ending December 31, 2023, is HKD 100.69 per share, totaling HKD 115.69 per share for the year, compared to HKD 105 per share in 2022[41] - The company maintained a dividend payout ratio of 50.3% for the year, with total proposed dividends amounting to HKD 2.38 billion[23] Customer Connections and Sales - Total gas sales reached 38,784 million cubic meters, marking an 8.1% increase from 35,889 million cubic meters in 2022[2] - The total number of new residential customer connections decreased by 18.74% to 3.31 million from 4.08 million in the previous year[2] - Industrial gas sales volume increased by 7.2% to 20.11 billion cubic meters, accounting for 51.9% of total sales[30] - Commercial gas sales volume rose by 9.0% to 8.21 billion cubic meters, representing 21.2% of total sales[30] - Residential gas sales volume grew by 11.1% to 9.44 billion cubic meters, making up 24.3% of total sales[30] Operational Developments - The company developed 41,310 new industrial users and 3.313 million new residential users, with 2.883 million from new housing connections and 384,000 from old housing connections[31] - The average gasification rate of urban gas projects operated by the company increased from 58.2% in the same period last year to 59.3%[31] - The company signed 3 new projects and registered 8 new projects, expanding operational areas by 4,057 square kilometers, further solidifying its position in the urban gas sector[32] - The company signed 30 new distributed energy projects, bringing the total to 173 projects with a capacity of 1.2 GW, and signed 98 new distributed photovoltaic projects totaling 213.7 MW[35] Governance and Compliance - The company has adopted corporate governance codes and has complied with mandatory provisions, with updates made to its governance manual over the years[45] - The group has not adopted any new standards or interpretations that are not yet effective during the accounting period[9] - The group has reviewed its accounting policy disclosures to ensure compliance with the revised HKAS 1, which requires entities to disclose significant accounting policy information[10] Future Outlook - The macroeconomic outlook for 2024 indicates continued steady growth, supported by a downward trend in international natural gas prices, leading to a healthy and stable development trend in the natural gas industry[39] - The company plans to maintain a "1+2+N" business strategy in 2024, focusing on stable development of its main business and enhancing its control over the industry[40] - The company aims to enrich its natural gas resource pool and promote quality external project investments to enhance comprehensive service business penetration and expand integrated energy scale[40] Employee and Operational Costs - The company reported a total employee cost of HKD 6.34 billion, an increase from HKD 5.80 billion in the previous year[21] - The company’s deferred tax expense for the year was HKD 1.89 billion, compared to a deferred tax benefit of HKD 44.79 million in the previous year[22] Miscellaneous - The company has not repurchased, sold, or redeemed any of its listed securities during the year ending December 31, 2023[45] - There have been no significant events after the reporting date that could impact the group's operations, performance, or condition[47] - The annual report will be sent to shareholders and published on the Hong Kong Stock Exchange website and the company's website at an appropriate time[47] - The company expresses sincere gratitude to business partners, customers, and shareholders for their support and acknowledges the hard work of all employees[48]