华润燃气(一百)(01193) - 2024 - 年度业绩

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 102,676 million, an increase of 1.4% from HKD 101,272 million in 2023[3] - Core profit for the same period was HKD 4,148 million, showing a marginal increase of 0.02% compared to HKD 4,147 million in 2023[3] - Profit attributable to the company's owners decreased by 21.7% to HKD 4,088 million from HKD 5,224 million in 2023[3] - Total comprehensive income for the year was HKD 4,410 million, a decrease from HKD 5,428 million in 2023[5] - Basic earnings per share for the year were HKD 1.80, down from HKD 2.30 in 2023[5] - Total revenue for the year ended December 31, 2024, was HKD 102,675,888,000, with a pre-tax profit of HKD 7,746,214,000[17] - The company achieved a total classified profit of HKD 13,079,019 for the year, with significant contributions from various service segments[20] - The company’s interest income from loans to subsidiaries increased significantly to HKD 53,772 in 2024 from HKD 12,024 in 2023, indicating improved financial management[25] - The company’s employee costs totaled HKD 6,642,541 for the year, showing an increase from HKD 6,338,861 in the previous year, reflecting growth in workforce and compensation[26] Sales and Revenue Breakdown - Total gas sales volume increased by 2.9% to 39,907 million cubic meters from 38,784 million cubic meters in 2023[3] - The revenue breakdown includes sales of gas fuel and related products at HKD 85,565,630,000, gas connection services at HKD 9,250,793,000, and integrated services at HKD 4,205,793,000[17] - Total natural gas sales increased by 2.9% to 39.91 billion cubic meters, with industrial sales at 20.42 billion cubic meters (up 1.5%) and residential sales at 10.04 billion cubic meters (up 6.3%) [37] - The company developed 53,000 new industrial users and 2.693 million new residential users, with the average gasification rate increasing from 59.3% to 60.4% [38] Assets and Liabilities - Non-current assets increased to HKD 103,014 million from HKD 102,417 million in 2023[6] - Current liabilities rose to HKD 53,837 million from HKD 51,109 million in 2023[6] - Total assets as of December 31, 2024, amounted to HKD 132,482,695,000, with classified assets of HKD 92,618,333,000[18] - Total liabilities were reported at HKD 68,511,719,000, with classified liabilities of HKD 31,456,819,000[18] - Trade receivables decreased to HKD 9.82 billion from HKD 11.44 billion, with receivables aged 0 to 90 days at HKD 6.15 billion [32] - Trade payables decreased to HKD 11.98 billion from HKD 14.44 billion, with payables aged 0 to 90 days at HKD 9.16 billion [33] Dividends and Shareholder Information - The proposed final dividend for the year is HKD 0.70 per share, down from HKD 1.0069 per share in the previous year, totaling HKD 1.58777 billion [29] - The proposed final dividend for 2024 will be paid in Hong Kong dollars, with an option for shareholders to receive it in Renminbi at a rate of HKD 1.0 to RMB 0.92319[51] - The final dividend per share in Renminbi will be RMB 0.6462358 for those opting for this currency[51] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.70 per share, totaling HKD 0.95 per share for the year, down from HKD 1.1569 per share in 2023[48] Strategic Initiatives and Market Expansion - The company plans to continue expanding its market presence and enhancing operational efficiency in response to the green energy transition [35] - The company is focusing on strategic partnerships and market expansion to leverage opportunities in urban redevelopment and industrial customer development [38] - In 2024, the company signed 7 new projects and registered 4 projects, expanding its franchise area by 2,678 square kilometers, with a potential gas sales volume of 610 million cubic meters and 98,000 new residential users[39] - The company is actively expanding into Hong Kong and overseas markets, establishing investment platforms and joint ventures to promote business growth[42] Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange rules and has complied with most applicable provisions[53] - The company deviated from the governance code regarding the formal appointment letters for directors and the separation of roles between the chairman and CEO[54] - All directors have complied with the standard code of conduct for securities trading during the reporting period[55] - No significant events occurred after the reporting date that could impact the company's operations or performance[56] Environmental, Social, and Governance (ESG) Focus - The company emphasizes ESG management, maintaining an MSCI ESG rating of A, and is committed to sustainable development and compliance with environmental standards[44] - The company aims to enhance its comprehensive energy solutions and capitalize on the growing demand for clean energy in the Chinese market[46] Miscellaneous - The chairman expressed gratitude to business partners, customers, and shareholders for their support and acknowledged the hard work of all employees[58] - The annual report will be sent to shareholders and published on the Hong Kong Stock Exchange website and the company's website[57] - The company will suspend share transfer registration from May 23, 2025, to May 28, 2025, for the annual general meeting[50]