CDGAS(SH:603053)2024-04-19 11:17Financial Performance - The company's operating revenue for 2023 reached ¥5,172,823,210.24, representing a year-on-year increase of 6.98% compared to ¥4,835,441,091.37 in 2022[19] - The net profit attributable to shareholders of the listed company was ¥526,130,491.53, up 7.03% from ¥491,549,955.24 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥505,251,356.29, reflecting a 13.18% increase from ¥446,399,458.00 in 2022[19] - The net cash flow from operating activities significantly increased to ¥1,314,391,743.25, an 83.74% rise from ¥715,372,944.68 in the previous year[19] - As of the end of 2023, the total assets amounted to ¥8,108,124,235.66, marking a 12.62% increase from ¥7,199,372,731.96 at the end of 2022[19] - The net assets attributable to shareholders of the listed company were ¥4,431,986,469.98, which is a 6.72% increase from ¥4,152,751,557.49 in 2022[19] - Basic earnings per share for 2023 were RMB 0.59, up 7.27% from RMB 0.55 in 2022[20] - The weighted average return on equity increased to 12.41% in 2023, up from 11.83% in 2022, reflecting a 0.58 percentage point increase[20] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥3.00 per 10 shares to all shareholders, with no capital reserve conversion into share capital[4] - The total cash dividend amount for the year is RMB 266,667,000, which accounts for 50.68% of the net profit attributable to ordinary shareholders in the consolidated financial statements[156] - The company aims to maintain a stable and continuous profit distribution policy to provide reasonable returns to investors[150] - The company plans to allocate at least 20% of its distributable profits as cash dividends annually, subject to specific conditions[151] Strategic Focus and Development - The company’s strategic focus for 2023 included organizational transformation and market potential exploration to drive high-quality development[30] - The company’s strategy emphasizes safety, innovation, and significant development to adapt to the changing external environment[30] - The company is actively pursuing mergers and acquisitions in the regional gas market to achieve a unified management approach[33] - The company is exploring new business models in charging stations and carbon neutrality, with 5 projects completed and 3 under review[37] - The company aims to achieve a natural gas supply capacity of 15 billion m³ by 2025, with plans to upgrade and renovate 1,200 kilometers of urban gas pipelines[52] - The company is targeting the development of comprehensive energy services, including charging and swapping stations, distributed photovoltaics, and energy projects, to become a competitive clean energy service provider[100] Operational Efficiency and Safety - The company’s core business includes gas installation services for residential and non-residential users, with a focus on quality supervision and compliance[55] - The company is committed to enhancing safety standards in gas supply, with regular inspections and strict compliance measures for gas operating enterprises[52] - The company's pipeline leakage self-inspection rate reached 97.56%, with a leakage occurrence of 6.4 incidents per 100 kilometers, and a 100% response rate for pipeline leakage emergencies[42] - During the reporting period, the company completed safety inspections for 1,018,824 households, rectifying 71,532 serious safety hazards for residential customers[41] Governance and Compliance - The company has established a robust governance structure, adhering to relevant laws and regulations, and continuously improving its internal management systems[116] - The board of directors consists of 13 members, including 5 independent directors, who diligently performed their duties and held 6 board meetings, passing a total of 40 resolutions[118] - The supervisory board, comprising 5 members, also conducted 6 meetings and approved 18 resolutions, ensuring compliance and protection of shareholder rights[119] - The company has implemented measures to maintain independence from its controlling shareholder, ensuring separate operations and financial accountability[120] Environmental Responsibility - The company invested RMB 91.61 million in environmental protection during the reporting period[162] - In 2023, Chengdu Gas achieved a 40% reduction in total carbon dioxide emissions compared to 2022[164] - The company implemented carbon reduction measures that resulted in a decrease of 2,348.03 tons of carbon dioxide equivalent emissions[165] - Chengdu Gas established annual energy-saving and emission reduction targets, tracking various energy consumption metrics in real-time[164] Market Expansion and User Growth - The company supplied a total of 1.695 billion m³ of gas in the reporting period, representing a year-on-year increase of 2.60%[31] - The number of new residential users increased by 12.06% year-on-year, totaling 73,952 new users, while non-residential users grew by 16.63% in gas sales volume[32] - The company serves over 3.46 million users, with 3.4 million being residential users, and operates in an area exceeding 2,000 square kilometers in Chengdu[61] - User data showed an increase in active users, with a total of 3 million users, up 20% compared to the previous year[129] Future Outlook - The company aims to achieve operating revenue of 5.593 billion yuan, total profit of 674 million yuan, and net profit of 576 million yuan for 2024[97] - Future guidance indicates a focus on sustainability initiatives, with a target of reducing carbon emissions by 25% by 2025[129] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[129] - The company is considering strategic acquisitions to enhance its service portfolio, with a budget of 300 million CNY allocated for potential deals[129]