According to the Zhitong Finance App, Tianjin Jinran Public (01265) announced results for the year ended December 31, 2023. The group achieved operating income of RMB 1,781 billion (same unit), which was the same as the previous year; net loss of 155 million yuan, an increase of 126.79%; and a loss of 0.084 yuan per share.
According to the announcement, losses were mainly due to the following factors: an increase in intake prices for upstream gas supply units during the reporting period due to the rise in international natural gas prices; a decrease in gas sales due to a decrease in gas demand from large users; and preparations for impairment of fixed assets. Combining (including) the above two factors, changes in the market environment where the Group operates, and the impact of the Group's sales forecast, the company conducted an impairment test. Based on the principle of prudence, fixed assets were confirmed to accrue impairment provisions of approximately RMB 86 million during the reporting period.