Dividend and Capital Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, totaling 168 million shares[3]. - The company will increase its capital reserve by issuing 2 additional shares for every 10 shares held by shareholders[3]. - The total distributable profit for the year is reported at 133,041,688.51 yuan, with the cash dividend amounting to 100% of the profit distribution total[160]. - The company will not issue any bonus shares this year, but will increase its total share capital by 33,600,000 shares through a capital reserve conversion, raising the total share capital to 201,600,000 shares[162]. - The cash dividend policy aims to ensure a minimum distribution of 10% of the distributable profit, contingent on positive cash flow and no major investment plans in the next 12 months[155]. Financial Performance - The company's operating revenue for 2023 was ¥4,803,925,857.43, a decrease of 6.85% compared to ¥5,157,097,222.63 in 2022[22]. - The net profit attributable to shareholders for 2023 was -¥39,546,355.05, representing a decline of 122.98% from ¥172,086,740.35 in 2022[22]. - The basic earnings per share for 2023 was -¥0.2354, down 119.90% from ¥1.1827 in 2022[22]. - The weighted average return on equity for 2023 was -2.52%, a decrease of 20.15% compared to 17.63% in 2022[22]. - The total revenue for the reporting period was approximately ¥4.80 billion, a decrease of 6.85% compared to ¥5.16 billion in 2022[54]. LNG Market and Sales - LNG sales accounted for 98.53% of total revenue, amounting to approximately ¥4.73 billion, down 7.03% from ¥5.09 billion in the previous year[56]. - The average price of LNG in China for 2023 decreased by 26.17% to ¥5,112 per ton compared to the previous year[35]. - The company's LNG sales revenue for the reporting period was 473,379.75 million RMB, a decrease of 7.03% year-on-year[40]. - The company ranked fifth among LNG trading enterprises in China according to Jinlianchuang statistics for 2023[40]. - The company's LNG sales volume increased by 39.64% in 2023, reaching 1,065,266.26 tons compared to 762,870.56 tons in 2022[59]. Operational Efficiency and Costs - The net cash flow from operating activities for 2023 was ¥65,241,424.77, an increase of 13.53% from ¥57,464,828.28 in 2022[22]. - The transportation service revenue was approximately ¥48.77 million, representing 1.02% of total revenue, down 8.88% from the previous year[56]. - The company's LNG sales business procurement cost was ¥4,778,840.58, which accounted for 98.61% of the total operating cost[63]. - The transportation service costs decreased by 10.39% to ¥47,730,941.62, compared to the previous year[63]. - The company has implemented cost-cutting measures that are expected to save approximately $50 million annually[127]. Research and Development - The company's research and development expenses increased by 10.71% to ¥601,359.17 compared to the previous year[68]. - The company maintained a stable number of R&D personnel at 5, with no change from the previous year[70]. - The company’s R&D investment accounted for 0.01% of operating income, remaining unchanged from the previous year[70]. - The company is investing $200 million in R&D for new technologies aimed at enhancing operational efficiency[127]. - The company is investing heavily in R&D, allocating 10% of its revenue to develop new technologies aimed at improving energy efficiency[189]. Corporate Governance and Compliance - The company has established a comprehensive internal control system, with no significant deficiencies reported during the fiscal year[166]. - The board of directors consists of 9 members, including 4 independent directors, ensuring compliance and effective governance[105]. - The company has established an independent financial department with a complete accounting system, ensuring autonomous financial decision-making[115]. - The company has committed to protecting the rights of minority shareholders during shareholder meetings[104]. - The company has complied with all relevant laws and regulations regarding information disclosure, ensuring transparency[109]. Future Outlook and Strategic Plans - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[127]. - The company aims to expand its LNG transportation capacity and reduce upstream procurement costs to enhance business income and profits[95]. - The company plans to establish long-term cooperation agreements with CNOOC and Sinopec to ensure stable natural gas supply[96]. - The company intends to construct LNG refueling stations in key national areas to expand its retail business model[97]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of $200 million[185]. Employee and Management Information - The total number of employees at the end of the reporting period is 917, with 75 in the parent company and 842 in major subsidiaries[150]. - The company has a structured approach to remuneration linked to performance assessments for senior management[138]. - The total remuneration for directors, supervisors, and senior management amounted to 2.2241 million yuan[140]. - The company has established a year-end bonus assessment system to enhance external salary competitiveness and improve employee satisfaction[152]. - The company emphasizes employee rights protection and continuously improves employee welfare and development[173]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, enhancing safety management systems[175]. - The management emphasized a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[186]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[172]. - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period[176]. - The company acknowledges the necessity of adhering to regulatory requirements and social responsibilities in its operations[198].
胜通能源(001331) - 2023 Q4 - 年度财报