DZUG(SH:600635)2024-03-28 16:00Financial Performance - In 2023, the company achieved a net profit attributable to the parent company of CNY 212,544,222.99, with a post-tax profit of CNY 172,791,115.24[6]. - The company's operating revenue for 2023 was approximately RMB 6.30 billion, an increase of 9.26% compared to RMB 5.77 billion in 2022[21]. - The net profit attributable to shareholders for 2023 was RMB 212.54 million, a significant recovery from a loss of RMB 332.59 million in 2022[21]. - The basic earnings per share for 2023 was RMB 0.071989, compared to a loss of RMB 0.112650 in 2022[21]. - The net cash flow from operating activities increased by 65.26% to RMB 689.83 million, up from RMB 417.43 million in 2022[24]. - The weighted average return on equity for 2023 was 2.57%, an increase of 6.53 percentage points from -3.96% in 2022[21]. - The net profit after deducting non-recurring gains and losses increased by 74.81% to RMB 520.65 million in 2023, compared to RMB 297.83 million in 2022[23]. - The company's total assets decreased by 3.17% to RMB 22.83 billion at the end of 2023, down from RMB 23.58 billion at the end of 2022[21]. - The company's net assets attributable to shareholders increased slightly by 1.00% to RMB 8.32 billion at the end of 2023[21]. Profit Distribution - The proposed profit distribution plan includes a cash dividend of CNY 0.35 per 10 shares, totaling CNY 103,335,213.63, based on a total share capital of 2,952,434,675 shares[6]. - The company has retained undistributed profits of CNY 1,640,069,045.08 for future distribution[6]. - The statutory reserve fund will be allocated CNY 17,279,111.52, which is 10% of the net profit for the year[6]. - The total cash dividend amount (including tax) is 103,335,213.63, which accounts for 48.62% of the net profit attributable to ordinary shareholders in the consolidated financial statements[130]. Risk Management - There are no significant risk events reported during the reporting period, and potential risks have been detailed in the management discussion section[9]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not identified any significant deficiencies in its internal control during the reporting period[133]. - The company emphasizes safety management and has adopted a "safety first, prevention-oriented" approach to mitigate risks associated with natural gas safety[88]. Corporate Governance - The board of directors consists of 9 members, including 4 independent directors, ensuring compliance and scientific decision-making[93]. - The company held 7 board meetings and 6 supervisory meetings during the reporting period, adhering to legal and regulatory requirements[93]. - The company maintains transparency in information disclosure, ensuring timely and consistent reporting across different markets[94]. - The company has engaged in active investor relations management, including hosting performance briefings and ESG report disclosures[94]. - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[101]. Environmental Responsibility - The company invested 1,922.57 million yuan in environmental protection during the reporting period[138]. - The wastewater treatment plants operated by subsidiaries meet current effluent discharge standards, with no exceedances reported[140]. - The company has implemented online monitoring of influent and effluent water quality, complying with the latest environmental management requirements in Shanghai[143]. - The company has committed to strict compliance with pollution discharge permits and timely public disclosure of environmental information[149]. Operational Highlights - The company achieved a natural gas sales volume of 1.02 billion cubic meters in Shanghai, representing a year-on-year growth of 5.92%[44]. - The company operates 9 sewage treatment plants with a total treatment capacity of 440,000 tons per day, including a daily processing scale of 175,000 tons for its subsidiary in Jiading, Shanghai[46]. - The logistics segment successfully completed transportation support for the sixth China International Import Expo, receiving commendation from the Shanghai Foreign Affairs Office[38]. - The company is focusing on enhancing value-added services in gas insurance and appliance sales to increase revenue from these segments[45]. Investment and Financial Management - The company has a total of RMB 24,085,451.62 in cash restricted for reserve funds and performance guarantees[72]. - The company has invested CNY 480,000,000.00 in bank wealth management products, with no overdue amounts[175]. - The company has multiple bank wealth management products with varying annualized returns, ranging from 2.0% to 3.27%[177]. - The company has not made any provisions for impairment related to entrusted wealth management[178]. Employee Management - The company employed a total of 2,876 staff, including 2,324 production personnel and 97 sales personnel[123]. - The company has established a performance evaluation system for its management team, linking compensation to key performance indicators[125]. - The company has implemented training programs to enhance employee skills and improve operational efficiency[126]. - The company has a total of 3,015 retired employees for whom it bears costs, indicating a significant commitment to employee welfare[123].