东方环宇(603706) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached RMB 1,203,080,972, representing a year-on-year increase of 13.81% compared to RMB 1,057,097,726 in 2022[24]. - The net profit attributable to shareholders of the listed company was RMB 197,397,798.20, a significant increase of 43.99% from RMB 137,093,002.64 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was RMB 178,139,943.06, reflecting a growth of 41.76% compared to RMB 125,666,550.74 in 2022[24]. - Cash flow from operating activities amounted to RMB 453,317,466.13, which is a 74.02% increase from RMB 260,503,484.86 in the previous year[24]. - The total assets of the company at the end of 2023 were RMB 2,921,458,146, marking a 9.77% increase from RMB 2,661,457,760 at the end of 2022[25]. - The net assets attributable to shareholders of the listed company increased to RMB 1,649,201,309, which is a 4.48% rise from RMB 1,578,534,388 in the previous year[25]. - The weighted average return on equity increased to 12.25%, up 3.58 percentage points from the previous year[26]. - The basic earnings per share rose to 1.04 RMB, a 44.44% increase compared to the previous year[26]. Revenue Sources - Natural gas sales reached 227 million cubic meters, representing a year-on-year increase of 23.37%[36]. - Revenue from natural gas sales was 536.25 million RMB, an increase of 24.67% compared to the previous year[36]. - Revenue from heating services was 532.03 million RMB, showing a year-on-year growth of 2.96%[36]. - The company's natural gas sales accounted for 45.45% of total revenue, with a year-on-year growth of 24.67%[59]. Dividend Policy - The company plans to distribute a cash dividend of RMB 9.00 per 10 shares, subject to approval at the annual shareholders' meeting[6]. - The company plans to distribute a cash dividend of RMB 9.00 per 10 shares for the 2023 fiscal year, totaling RMB 170,444,442.60, which represents 86.35% of the net profit attributable to shareholders of the parent company[37]. - In 2022, the cash dividend per 10 shares was RMB 7.00, accounting for 96.70% of the net profit attributable to shareholders of the parent company[37]. - The company's cash dividends have consistently provided value to shareholders, with dividends in previous years being RMB 6.00 in 2020 and RMB 8.00 in 2021[37]. Market and Operational Strategy - The company operates in the urban gas supply and centralized heating sectors, focusing on CNG (compressed natural gas) sales, residential gas supply, and industrial gas services[45]. - The company is committed to cost reduction and risk control, enhancing operational efficiency and safety as part of its management strategy[37]. - The company plans to leverage its scale and brand advantages in gas operations and user services to enhance management and expand value-added services[85]. - The company aims to capitalize on market reform opportunities in the natural gas industry to extend its upstream and downstream supply chain[85]. Environmental Responsibility - The company has invested RMB 9.96 million in environmental protection during the reporting period[135]. - The company has not experienced any environmental pollution incidents or received administrative penalties during the reporting period[136]. - The company has implemented pollution control measures in accordance with national and local environmental laws, achieving compliance with relevant standards and avoiding penalties from environmental authorities[141]. - The company achieved natural gas sales of 227 million cubic meters, equivalent to replacing 422,100 tons of raw coal, significantly reducing emissions of CO2, SO2, and particulate matter by 30.10 tons, 2.35 tons, and 20.51 tons respectively[155]. - The company is committed to enhancing the proportion of natural gas in primary energy consumption to support national carbon neutrality goals[154]. Governance and Compliance - The company has established a governance structure that ensures independence from its controlling shareholder, maintaining fair practices in transactions[94]. - The company has implemented measures to maintain the independence of its operations and governance structure from its controlling shareholders[98]. - The company has established specialized committees within the board to enhance decision-making processes and oversight[98]. - The company has not faced any penalties from securities regulatory authorities in the past three years[109]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[160]. - The company plans to expand its market presence by entering two new provinces, aiming for a 25% increase in market share within the next two years[160]. - A strategic acquisition of a local competitor is in progress, which is expected to add 300,000 new users and increase annual revenue by approximately 200 million CNY[161]. - The company is focusing on reducing operational costs by 5% through improved supply chain management and technology integration[160].