Gelonghui, March 28, 丨 Tianlun Gas (01600.HK) announced that for the year ended December 31, 2023, revenue was RMB 7.725 billion, a slight increase of 2.4% over RMB 7.543 billion in the same period last year. Among them, gas sales revenue increased 7.3% to RMB 6.149 billion, and value-added business revenue increased 11.5% to RMB 371 million. The retail business sold 1,741 million cubic meters of gas, up 4.5% from 1,666 billion cubic meters in the same period last year. More than 280,000 new urban fuel residential users were added.
In 2023, the Group achieved net profit of RMB 506 million, an increase of 7.9% over the same period last year. In 2023, the Group's core profit was RMB 577 million. Among them, the core profit of the city gas business was RMB 558 million, an increase of 18.9% over the same period last year of 469 million yuan. In 2023, net profit attributable to company owners was RMB 480 million, an increase of 7.9% over the same period last year. It is recommended to pay a final dividend of RMB 10.82 per share for 2023, and a cumulative dividend of RMB 17.64 per share for 2023.
In 2023, the natural gas retail business continued to be the largest contributor to the Group's revenue. The Group's gas retail volume was 1,741 billion cubic meters, an increase of 4.5% over the same period last year. The main reason is that the Group is actively implementing gas source optimization measures to promote the gradual establishment of a smooth gas sales mechanism. At the same time, for industrial and commercial users, the Group has carried out differentiated gas marketing strategies based on different industrial types, increasing users' desire to use gas.
In 2023, the value-added business structure continued to be optimized, and the Group continued to promote technological innovation, improve the depth of product management, and achieve the goal of cost reduction and efficiency. At the same time, the Group cooperated to build its own brand production base, establish stable cooperative relationships, and form a win-win cooperation model with suppliers. As of December 31, 2023, the Group's value-added business revenue reached RMB 371 million, an increase of 11.5% over RMB 333 million in the same period last year.