Hunan Heshun Petroleum Co.Ltd(603353) april 27 to disclose the annual report of 2021. In 2021, the operating revenue was 3.933 billion yuan, a year-on-year increase of 113.35%; The net profit attributable to the shareholders of the listed company was 914586 million yuan, a year-on-year decrease of 46.35%. The company plans to distribute a cash dividend of RMB 2 (including tax) to all shareholders for every 10 shares.
Hunan Heshun Petroleum Co.Ltd(603353) said that in 2021, under the leadership of the board of directors, the company’s retail and wholesale business grew significantly and achieved the annual performance goal. However, due to the rapid rise of ex factory prices of upstream refineries and the continuous high operation, and the invested gas stations did not fully generate corresponding income, the gross profit margin of the company decreased, and finally the net profit of the company decreased by more than 40% year-on-year.
In 2021, Hunan Heshun Petroleum Co.Ltd(603353) achieved retail sales of 230700 tons and wholesale sales of 342600 tons, with a year-on-year increase of 14.86% and 214.76% respectively; The retail revenue was 1.8 billion yuan and the wholesale revenue was 2.1 billion yuan, with a year-on-year increase of 37.47% and 311.46% respectively.
Hunan Heshun Petroleum Co.Ltd(603353) said that the rapid growth of wholesale business was due to the successful selection of a number of multinational companies, central enterprises, state-owned enterprises and private enterprise upstream suppliers such as shell, CNOOC and Provincial Expressway through bidding.
In 2021, Hunan Heshun Petroleum Co.Ltd(603353) added 29 retail chain gas stations, with a year-on-year increase of 78.79%. By the end of December 2021, the company had a total of 64 gas stations, basically covering the whole area of Hunan Province, and the company’s brand influence and business ability were further expanded.
Meanwhile, during the reporting period, the company invested and established a wholly-owned subsidiary in Guangdong Province. Guangdong company has been operating since the end of June 2021, generating revenue of 393 million yuan, realizing the retail and wholesale business layout of refined oil market outside Hunan Province, becoming a new growth point of the company’s performance contribution.
In addition, the annual report shows that by the end of 2021, the number of Hunan Heshun Petroleum Co.Ltd(603353) registered members has exceeded 2.63 million, a year-on-year increase of 34.18%. According to the company, by continuously improving the quality of operation and management and absorbing new outlets and customer groups to increase the share of the terminal market, the quality and quantity go hand in hand, laying a good performance in 2021.
On April 27, Hunan Heshun Petroleum Co.Ltd(603353) simultaneously disclosed the first quarterly report of 2022. In the first quarter, the company realized an operating revenue of 1.193 billion yuan, a year-on-year increase of 105.58%; The net profit attributable to the shareholders of the listed company was 20.61 million yuan, a year-on-year decrease of 37.07%.
