中民控股2024中报

Contents 14Condensed Consolidated Statement of Profit or Lossand Other Comprehensive Income 18Condensed Consolidated Statement of Changes in Equity 20Condensed Consolidated Statement of Cash Flows Corporate Information Management Discussion and Analysis The board (the “Board”) of directors (the “Director(s)”) ofChinese People Holdings Company Limited (the “Company”)is hereby to announce the unaudited condensed consolidatedfinancialstatements of the Company and its subsidiaries(collectively the “Group”) for the six months ended 30 June2024 (the “Period” or “Reporting Period”). 20246 30 BUSINESS REVIEW In the first half of 2024, global output of natural gas remainedat a high level, market supply and demand was loose, and thenatural gas market continued to recover and improve in thePRC. 2024 20242,1088.7%1,2354.4%90214.8%377525 In the first half of 2024, the consumption of domestic naturalgaswas approximately 210.8 billion m3,representing ayear-on-year increase of approximately 8.7%; the natural gasproduction was approximately 123.5 billion m3, representinga year-on-year increase of approximately 4.4%; the importednatural gas was approximately 90.2 billion m3, representing ayear-on-year increase of approximately 14.8%, of which thepiped gas was approximately 37.7 billion m3, and liquefiednatural gas was approximately 52.5 billion m3. 13.62202312.865.90%66.61202379.6416.36%0.4920230.7612.31%202312.74%0.43% As of the Period, the revenue of the Group amounted toapproximately RMB1,362 million (2023: RMB1,286 million),representing an increase of approximately 5.90% as comparedwith the corresponding period of last year, while profit oftheGroup for the Period was approximately RMB66.61million (2023: RMB79.64 million), representing a decrease ofapproximately 16.36% as compared with the correspondingperiod of last year, which was mainly due to reduced profitcontribution from the joint ventures. Basic earnings per share ofthe Company was RMB0.49 cents (2023: RMB0.76 cents). Thegross profit margin of the Group was approximately 12.31%(2023:12.74%),representing a decrease of approximately0.43% as compared with the corresponding period of last year.The decrease in gross profit margin was mainly attributable tothe increase in the proportion of businesses with lower grossprofit margin. Management Discussion and Analysis BUSINESS REVIEW(Continued) Piped Gas Transmission and Distribution Business 637,608,0008 4 , 6 3 1 , 0 0 015.30%46.82%202343.01%1 1 . 5 4 %2 0 2 312.12% Piped gas transmission and distribution business is one of ourmain businesses and source of income. For the Period, revenueofapproximately RMB637,608,000 was recorded from ourpiped gas transmission and distribution business, representingan increase of approximately RMB84,631,000 or 15.30% ascompared with the corresponding period of last year, whichaccounted for approximately 46.82% (2023: 43.01%) of ourtotal revenue. The gross profit margin of piped gas transmissionand distribution business for the Period was approximately11.54% (2023: 12.12%). The decrease in gross profit marginof piped gas transmission and distribution business was mainlydue to the increase in the proportion of gas sales business withlower gross profit margin. –Piped Gas Connection 40,547,00027,964,00040.82%6.36%202312.39%7,53832520246 30574,4421 2 , 6 3 53.92%6.36% During the Period, revenue from piped gas connectionwasapproximately RMB40,547,000,representingdecrease of approximatelyRMB27,964,000 or 40.82%as compared with the corresponding period of last year,which represented approximately 6.36% (2023: 12.39%)of the total revenue of the piped gas transmission anddistributionbusiness.During the Period,there wasanaddition of 7,538 units of connected residentialhouseholdcustomers and 325 units of connectedcommercial and industrial (“C/I”) customers, respectively.Asof 30 June 2024,the accumulated number ofconnected residential household customers was 574,442units;and the accumulated number of connected C/I customers was 12,635 units, representing an increaseofapproximately 3.92%and 6.36%,respectively ascompared with the corresponding period of last year. Management Discussion and Analysis BUSINESS REVIEW(Continued) Piped Gas Transmission and Distribution Business(Continued) –Piped Gas Sales 597,061,000112,595,00023.24%93.64%202387.61%23,360202322,2435.02%7,73420236,80113.71%1 5 , 6 2 72 0 2 315,4421.19% Duringthe Period,revenue from piped gas saleswasapproximately RMB597,061,000,representinganincrease of approximately RMB112,595,000 or23.24%as compared with the corresponding periodof last year. The increase in revenue was mainly dueto the increase in demand during the Period. Revenuefrompiped gas sales accounted for approximately93.64%(2023:87.61%)of the total revenue fromthepiped gas transmission and distribution business.Ourpiped gas sales achieved approximately 233.60million m3(2023: 222.43 million m3), representing anincrease of approximately 5.02% as compared