昆仑能源2024 中期报告

INTERIM REPORT中期報告2024 CONTENTS 27Unaudited Consolidated InterimCondensed Statement of Cash Flows 3Chairman’s Statement 28Notes to the Unaudited InterimFinancial Statement 11Management Discussion and Analysis 21Unaudited Consolidated InterimStatement of Comprehensive Income 51Corporate Information 23Unaudited Consolidated InterimStatement of Financial Position 25Unaudited Consolidated InterimStatement of Changes in Equity The revenue for thePeriod was approximatelyRMB92,922 million,representing an increase of 6.72%. 929.226.72% Profit attributable to shareholders of the Company was RMB3,305 million,representing an increase of 2.58%. 33.052.58% Natural Gas Retail Sales Sales of LPGLPG The Group’s LPG sales volume was2.9258 million tonnes,representing a decrease of 0.38%. the Group’s natural gas retail sales volume was16,302 million cubic metres,representing an increase of 10.25%. 163.0210.25% LPG292.580.38% LNG Processing and TerminalLNG Exploration and Production The sales volume of crude oil in theExploration and Production business was4.04 million barrels,representing a decrease of 16.53%. LNG sales of self-operation, processing,gasification and entrucking volume totally was9,543 million cubic metres,representing an increase of 13.18%. 40416.53% LNG95.4313.18% CHAIRMAN’S STATEMENT主席報告 Respected shareholders: 264.3825.2210.55%929.2258.506.72%72.494.586.74%33.050.832.58%38.17 In the first half of the year, the Group recorded a natural gas salesvolume of 26,438 million cubic metres, representing a year-on-yearincrease of 2,522 million cubic metres or 10.55%. The Group recordeda revenue of RMB92,922 million, representing a year-on-year increaseof RMB5,850 million or 6.72%; the profit before income tax wasRMB7,249 million, representing a year-on-year increase of RMB458million or 6.74%; and the profit attributable to shareholders of theCompany was RMB3,305 million, representing a year-on-year increaseof RMB83 million or 2.58%. Earnings per share (basic) was RMB38.17cents. BUSINESS REVIEW 20248.7%2,108 In the first half of 2024, the global economic growth momentumremained weak, while the national economy continued its upward trend,maintaining overall stability. International oil and gas prices showeddivergent trends, and the RMB exchange rate faced depreciationpressure. Domestic natural gas consumption returned to a track ofrapid growth, and the consumption scale reached a new high, withnational natural gas consumption increased by 8.7% year-on-year to210.8 billion cubic metres in the first half of the year. LNG Facing numerous challenges and risks, such as market supply anddemand adjustments, LNG resource impacts, a downturn in the realestate industry, and frequent extreme weather conditions, the Companyfaced these challenges and strengthened its forecasting capabilities.By proactively addressing the uncertainties in the external environment,the Company achieved stable business development and continuedimprovement in performance. CHAIRMAN’S STATEMENT主席報告 21.46%4.6160010.25%163.02264.38LNG53.52%0.35LPG1.4532.62%6.7%929.2233.0553.5238.17 Efforts to optimize and enhance marketing quality have ledto comprehensive profitability in the main business.Effectivelyresponding to market changes, the Company leveraged its balancednational layout in the gas business, high growth in gas volume from“three new” industrial users (new energy vehicles, lithium batteries,photovoltaic products), and the project location advantages in thecentral, western, and northeastern regions, achieving both volume andquality improvements in the natural gas business. The sales structurecontinued to optimize, with industrial users increased by 21.46%, andthe share of gas volume sales among retail sales for industrial andcommercial users increased by 4.6 percentage points year-on-year. Thetotal number of users exceeded 16 million, with natural gas retail salesvolume increased by 10.25% to 16,302 million cubic metres and totalsales volume reaching 26,438 million cubic metres, further solidifyingthe leading position in the terminal market. The synergistic effects of theLNG industry chain were fully realized, with the liquid loading volume atterminals increased by 53.52% year-on-year, and factory processingcapacity exceeding expectations. Achieving a pre-tax profit of RMB35million, which marked a historic turnaround and contributed to overallprofitability improvement. The LPG business showed new vitality,with gross profit margin increased by 1.45 percentage points year-on-year and profit increased by 32.62%, continuously improving themarketing quality. The Company’s gross revenue increased by 6.7%year-on-year to RMB92,922 million, achieving a net profit attributableto the shareholders of RMB3,305 million, with strong operating cashflow amounting to RMB5,352 million, and the basic earnings per sharebeing RMB38.17 cents, maintaining strong profitability. 4113881407883217.41063.929.46245.66+6050%LNG87% Forward-looki