元亨燃气2024年报

Contents目錄 2-3 Management Discussion and Analysis of the Group Financial Review4-9 Corporate Governance Report10-34 Biographical Details of Directors35-37 Directors’ Report38-54 Independent Auditor’s Report55-57 Consolidated Statement of Profit or Loss andOther Comprehensive Income58-59 Consolidated Statement of Financial Position60-61 Consolidated Statement of Changes in Equity62-63 Consolidated Statement of Cash Flows64-65 Notes to the Consolidated Financial Statements66-190 Financial Information of Five Years191 Chairman Statement主 席 報 告 Dear Shareholders, On behalf of Yuan Heng Gas Holdings Limited (the “Company”,together with its subsidiaries, the “Group”), I would like to presentthe audited results of the Group for the year ended 31 March 2024to the shareholders. Inthe past year,the average international oil prices droppedsignificantly and the sluggish global economic recovery, posinguncertainties to the energy market. Under the weak and complexbusiness environment, the Group’s business and financial facedhefty challenges. 4,970,000,0007,447,000,00033.3%171,000,00028,000,000 Duringthe financial year,the Group recorded gross amountsfrom operations (“turnover”) of approximately RMB4,970 million(2023: approximately RMB7,447 million), representing a decrease of33.3%. The loss after tax of approximately RMB171 million (2023:approximately RMB28 million). The Group is currently facing some financial challenges and itis certainly a difficult time for us. However, the Group is takingacourse of actions to resolve our financial difficulties.It is aprocess that requires time and effort, but we have taken necessarymeasures and are actively progressing with the action plan. In the context of achieving carbon peak and carbon neutrality(“DualCarbon”),China will continue to implement policies toencourage the development of low-carbon green energy whichwill further push forward the growth of natural gas consumption.As China’s carbon neutrality target has been further reinforced,efforts have been made to accelerate the development of low-carbon energy structure. In the context of the trend of the cleanenergy, the increasing demand for a shift from “coal to gas”, it isclearly that natural gas will be one of the dominant energy sourcesin the energy consumption market, in which the Group operates. Chairman Statement主 席 報 告 Seizing opportunities in the transformation of the energy structureand the development of the clean energy sector, the Group hascontinued to optimize the cost and business structures and to seekand explore the expansion of its LNG distribution channel throughproposed collaboration with industry player(s) and/or state-ownedenterprises; foster strategic cooperation with global renowned oiland gas supplier to facilitate the trading business of the Groupand sought to further expand collaboration with quality end usersof natural gas. I understand that this may be a worrisome and uncertain time forshareholders. However, we always prioritize shareholder interests.The management is mindful of the market environment and willcontinue to adopt cautionary steps in and implementing variousstrategies to mitigate the adverse impact on the business arisingfrom challenges as in this market condition and rebuild the financialstrength of the company. Moreover, the Group will continue todevelop its business in natural gas sector and to explore newbusiness opportunities in order to create value for its shareholders. On behalf of the board, I would like to extend my sincere gratitudetoour shareholders and business partners for their continuingsupport.I would also like to express my appreciation to ourmanagement team and all staff for their outstanding contributionsand hard work over the past year. Wang JianqingChairman Management Discussion and Analysis of the Group Financial Review本 集 團 之管 理 層 討 論 及 分 析 財 務 回 顧 BUSINESS REVIEWGroup results (i)(ii) For the year ended 31 March 2024 and at present, the Group hasbeen principally engaged in (i) trading of oil and gas products andthe provision of related consultancy services; and (ii) processing,distribution, sales, trading and transportation of LNG and otherauxiliary operations and networks in the PRC. 4,970,000,0007,447,000,000171,000,00028,000,000 For the year ended 31 March 2024, the Group recorded grossamountsfrom operations of approximately RMB4,970 million(2023:approximately RMB7,447 million)with loss after tax ofapproximately RMB171 million (2023: approximately RMB28 million).The Group’s performance for the year ended 31 March 2024 wascontributed mainly by the production and sales of LNG (as furtherelaborated under the section headed “Production and sales ofLNG”). Production and sales of LNG Duringthe year ended 31 March 2024,the Group producedapproximately442 million cubic meters of LNG,representingadecrease of approximately 13 million cubic meters or 2.9%compared with the last year. The revenue from the sales of LNG forthe year ended 31 M