SPNG(SZ:002267)2024-04-22 11:11Dividend Distribution - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares to all shareholders, based on a total of 1,112,075,445 shares[4]. - The total number of shares for the cash dividend distribution is 1,112,075,445 shares, with the cash dividend amount representing 100% of the distributable profit[152]. - The company reported a distributable profit of 3,222,714,341.92 RMB for the period[152]. - The company has ensured that minority shareholders had opportunities to express their opinions and that their rights were protected during the dividend distribution process[151]. - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring compliance with its articles of association and shareholder resolutions[151]. Financial Performance - The company's operating revenue for 2023 was ¥7,554,985,912, a decrease of 11.27% compared to ¥8,505,667,250 in 2022[23]. - The net profit attributable to shareholders for 2023 was ¥544,292,536, reflecting a decline of 11.57% from ¥616,357,535 in 2022[23]. - The net cash flow from operating activities decreased by 18.59% to ¥919,761,432 in 2023, down from ¥1,125,433,671 in 2022[23]. - The basic earnings per share for 2023 was ¥0.4894, a decrease of 11.58% compared to ¥0.5542 in 2022[23]. - Total assets at the end of 2023 were ¥12,816,432,193, a decrease of 1.62% from ¥12,997,982,800 at the end of 2022[24]. - The net assets attributable to shareholders increased by 3.80% to ¥6,560,580,390 at the end of 2023, compared to ¥6,313,576,840 at the end of 2022[24]. Operational Stability - The company has not reported any changes in its main business since its listing, indicating stability in its operations[21]. - The company acknowledges potential risks in its future plans and strategies, which are detailed in the management discussion and analysis section[4]. - The company emphasizes the importance of accurate financial reporting and has ensured that all board members attended the meeting to review the annual report[4]. Corporate Governance - The company has established a robust corporate governance structure, enhancing operational decision-making and compliance with regulatory requirements[98]. - The company is committed to improving its governance practices in line with the guidelines set by the China Securities Regulatory Commission[98]. - The company has a dedicated audit committee, nomination committee, compensation and assessment committee, and strategic committee to ensure effective oversight[98]. - The board of directors consists of 11 members, including 4 independent directors and 1 employee director, and held 9 meetings during the reporting period, reviewing 38 proposals[101]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, and finance, ensuring a complete and independent operational capability[104]. Market Expansion and Strategy - The company is actively pursuing market expansion through acquisitions and partnerships in urban gas services, targeting high-growth areas in the downstream market[37]. - The company aims to enhance its LNG emergency storage capacity to alleviate winter gas supply pressures[39]. - The company is focused on expanding its market presence by enhancing cooperation with local and national pipeline networks, aiming for greater market penetration[94]. - The company plans to achieve a gas transmission volume of 8.192 billion cubic meters and an operating revenue of 7.504 billion CNY in 2024, with a total profit target of 720 million CNY[92]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 1 billion CNY allocated for potential deals[112]. Research and Development - The company has authorized 31 patents in 2023, including 2 invention patents and 29 utility model patents, marking a breakthrough in invention patent authorization[42]. - R&D investment rose by 5.88% to ¥56,367,039.55, accounting for 0.75% of operating revenue, up from 0.63% in 2022[69]. - The company is developing a natural gas energy measurement laboratory to establish a measurement scheme and enhance its brand in energy measurement[68]. - The company aims to conduct research on the adaptability of existing natural gas pipelines for hydrogen blending, focusing on material performance under hydrogen environments[68]. - The company is investing 500 million CNY in R&D for new technologies aimed at enhancing operational efficiency[112]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions and enhance environmental protection awareness in its operations[163]. - The company actively promotes green development concepts, organizing events to raise energy-saving and environmental awareness among employees[164]. - The company has established an online energy consumption monitoring and management system to analyze and manage energy usage more precisely, aiming for green low-carbon development[164]. - The company has engaged in various poverty alleviation and rural revitalization projects, ensuring effective integration of these efforts[167]. - The company completed consumption poverty alleviation projects amounting to 743,800 yuan, with the Weinan company contributing 152,400 yuan[168]. Legal and Compliance Issues - The company is involved in a lawsuit with Han Zhong Heng Zheng, claiming compensation for property damage amounting to 3,000,000 CNY, with a court ruling partially in favor of Han Zhong Heng Zheng[180]. - The company has a pending case regarding a claim of 12,524,501.06 CNY from Shengli Oil Construction Company for project payments, with the court yet to make a ruling[181]. - The company has reported a total of 19 ongoing legal disputes, with 20 cases adjudicated and 11 still pending[183]. - The company has not faced any bankruptcy reorganization matters during the reporting period[179]. - The company has not received any non-standard audit reports for the current reporting period[175]. Related Party Transactions - The company engaged in a related party transaction for the purchase of natural gas from its controlling shareholder, with a pricing principle based on government and market pricing[184]. - The company has established a pricing mechanism for its related party transactions that includes both negotiated and market pricing[185]. - The company’s related party transactions accounted for 2.77% of the total transaction amount in the same category[184]. - The company has disclosed its related party transactions in the 2023 Annual Report, ensuring transparency in its financial dealings[185]. - The company is committed to adhering to the approved transaction limits set for related party transactions to avoid regulatory issues[184].