香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公 告 全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 | 李家傑博士 | （主席） | 李國寶爵士 | | --- | --- | --- | | 李家誠博士 | （主席） | 潘宗光教授 | | 林高演博士 | | 鄭慕智博士 | | 馮孝忠教授 | | 黃慧群教授 | 獨立非執行董事 ： 李國寶爵士 潘宗光教授 執行董事 ： 承董事會命 公司秘書 黃麗堅 謹啟 香港，2025 年 8 月 6 日 於本公告日期，本公司董事會成員包括： 非執行董事 ： (根據公司條例在香港註冊成立之有限公司) (股份代號: 3) 董事會召開日期 香港中華煤氣有限公司（「本公司」）之董事會（「董事會」）宣布，本公司將於 2025年8月20日（星期三）舉行董事會會議，董事會將於會議上通過議案（其中包括） 批准本公司及其附屬公司截至2025年6月30日止六個月之未經審核綜合中期業績及 其發布，以及考慮派發中期股息（如有）。 黃維義先生 （常務董事） 楊磊明先生 （首席財務總 ...

7月30日，名气家2025年合作伙伴大会在苏州召开。本次大会以"初心如磐聚力升级"为主题，多位集团领导、各企业代表、合作伙伴及相关行业专家齐聚一堂，围绕延伸业务、市场及行业趋 势、业务创新、产品力提升等主题展开精彩分享与讨论。 共启延伸业务发展新篇 香港中华煤气行政总裁黄维义在致辞中指出："中华煤气早在60年前就开始探索延伸业务，凭借专业服务和优质产品，赢得了香港市场的良好口碑。2015年名气家成立以来，凭借香港 的成功经验和自身创新，一直致力于为内地用户提供线上线下一站式生活服务解决方案。面对内地和香港4500万家庭燃气用户，我们始终在思考燃气安全服务之外，如何为用户提供更多元 的服务。新的十年，希望名气家继续结合香港市场经验，充分挖掘市场潜力，创新业务，为更多家庭提供安全、优质的产品及服务。" 香港中华煤气执行董事暨首席投资总裁陈英龙表示，名气家十年创业路经历了很多的创新与变革，也遇到过重重挑战。站在战略融资的新起点，期待名气家继续保持初心，为4500万 家庭客户提供更优质的产品与服务，真正成为值得用户托付的家庭生活管家。 名气家于７月完成首轮战略融资，领投方元禾辰坤和方源资本也出席了本次大会。作为投资方 ...

Core Viewpoint - The China Hong Kong 300 Infrastructure Index (H300 Infrastructure) has shown positive performance, with a 2.03% increase over the past month, 6.29% over the past three months, and 9.35% year-to-date [1] Group 1: Index Performance - The H300 Infrastructure Index reported a value of 1898.50 points [1] - The index is designed to reflect the overall performance of listed companies in various sectors such as banking, transportation, resources, infrastructure, logistics, and leisure [1] Group 2: Index Composition - The top ten holdings of the H300 Infrastructure Index are: China Mobile (33.42%), CLP Holdings (8.6%), CK Hutchison (8.52%), China Telecom (5.35%), Hong Kong and China Gas (4.89%), Power Assets Holdings (4.79%), China Unicom (3.71%), Towngas China (3.19%), Cheung Kong Infrastructure (2.59%), and China Resources Power (2.49%) [1] - The index is fully composed of stocks listed on the Hong Kong Stock Exchange, with a sector breakdown of 52.64% in telecommunications services, 41.91% in utilities, 4.19% in construction and decoration, and 1.25% in transportation [1] Group 3: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with provisions for temporary adjustments in special circumstances [2]

Investment Rating - The report maintains a "Buy" rating for several companies in the power and gas sectors, including China Power, Huaneng International, and Kunlun Energy, among others [49][51]. Core Insights - The adjustment of capacity prices for coal and gas power plants in Guangdong is expected to improve profitability for gas power plants significantly, with capacity prices increasing by 65% to 296% depending on the type of gas plant [4][10]. - The rapid development of renewable energy installations in Guangdong has increased the reliance on coal power for flexible peak regulation, with renewable energy capacity reaching 59.13 million kW by the end of 2024, accounting for 26.6% of the total installed capacity [9][10]. - The report highlights the geopolitical factors affecting natural gas prices, with European gas prices experiencing a slight increase due to renewed geopolitical tensions, while U.S. gas prices remain stable [13][20]. Summary by Sections 1. Power Sector - Guangdong has raised the capacity price for coal power plants to 165 RMB per kW per year starting January 1, 2026, and for gas power plants, prices will range from 165 to 396 RMB per kW per year starting August 1, 2025 [8][10]. - The increase in capacity prices is expected to provide annual revenue boosts of 1.72 billion RMB for Guangdong Power A and 350 million RMB for Guangzhou Development [11]. 2. Gas Sector - As of August 1, 2025, the Henry Hub spot price is $3.00/mmBtu, while the TTF spot price in Europe is €32.95/MWh, reflecting a week-on-week increase of 2.74% [13][14]. - The report notes that the domestic LNG price is 4388 RMB per ton, showing a week-on-week decrease of 1.06% [32]. 3. Market Review - The gas sector outperformed the Shanghai and Shenzhen 300 index, while the public utility, power, and environmental sectors lagged behind [39]. 4. Company and Industry Dynamics - The National Energy Administration has released guidelines to enhance the management of natural gas pipeline transportation prices, promoting transparency and optimizing resource allocation [37]. - The report discusses the performance of key companies, including Huaneng International and Inner Mongolia Huadian, with varying revenue and profit trends [44].

Core Viewpoint - Hong Kong and China Gas Company Limited (HKCG) has signed a strategic cooperation agreement with CIMC Enric Holdings Limited to jointly develop green methanol and hydrogen energy, promoting Hong Kong's green energy transition [1] Group 1: Green Methanol Development - The collaboration will enhance communication and cooperation in areas such as technical cooperation for green methanol, industry standards, and carbon trading compliance [1] - HKCG is the first company in the country to receive ISCC EU and ISCC PLUS international certifications and is engaged in large-scale production of green methanol [1] - The partnership aims to explore new technological applications and promotion of green methanol, leveraging HKCG's comprehensive supply chain network and CIMC Enric's clean energy and maritime business layout [1] Group 2: Hydrogen Energy Projects - HKCG and CIMC Enric have also signed an agreement to expand hydrogen energy project development and application in Hong Kong [1] - Approximately half of the gas supplied by HKCG in Hong Kong consists of hydrogen, supported by an extensive underground gas pipeline network of over 3,700 kilometers [1] - The collaboration will focus on developing efficient hydrogen extraction and storage technologies, expanding hydrogen applications in transportation and charging stations [1] Group 3: Commitment to Clean Energy - HKCG will continue to invest resources in clean energy development, utilizing its advantages and partnerships to align with the national "3060" dual carbon goals and Hong Kong's 2050 carbon neutrality strategy [1]

昨天（7月30日），苏州工业园区与香港中华煤气签约，智享生活（名气家）总部项目落子园区。 市委副书记、市长吴庆文会见香港中华煤气行政总裁黄维义一行，并共同见证签约。 香港中华煤气是香港首家公用事业机构，2001年苏州港华成立，标志香港中华煤气首次进入长三角 燃气市场。香港中华煤气以"名气家"为统一平台和品牌主体，为香港及内地超4500万家庭用户提供涵盖 智慧厨房、保险以及安全家居的一站式服务解决方案。此次香港中华煤气在园区设立智享生活（名气 家）总部项目，将依托AI大模型、物联网等前沿技术，携手各燃气企业，围绕居家安全、智能厨电、 智慧家庭等领域，打造覆盖"产品+场景+服务"的全链条解决方案。 黄维义对苏州一直以来给予企业的关心与支持表示感谢。在简要介绍企业发展情况后，他表示，香 港中华煤气将以此次合作为契机，积极探索家庭服务新模式，努力打造"值得托付的家庭生活管家"，为 提升居民生活品质贡献更大力量。 市委常委、苏州工业园区党工委书记沈觅，市政府党组成员徐本参加。 吴庆文对客人一行的到访表示欢迎，对香港中华煤气加码投资、支持苏州发展表示感谢。他说，近 年来，香港中华煤气深度融入苏州城市发展，积极参与市政公用 ...

Core Viewpoint - Hong Kong and China Gas Company (the gas company) has signed a cooperation agreement with Hong Kong Science Park Company to build the first public automatic hydrogen charging system for electric vehicles in Hong Kong, marking a significant milestone in the region's green energy and sustainable development efforts [1][4]. Group 1: Project Overview - The project will be constructed by the gas company and operated by Hong Kong Science Park Company, featuring hydrogen extraction, power generation, energy storage, and power control equipment [1][3]. - The system is expected to produce 12 kilograms of hydrogen daily, sufficient to power five 7 kW electric vehicle charging stations [3][30]. - The entire setup will operate automatically without manual intervention, and the hydrogen generation process will only emit water vapor, making it clean and efficient [3][30]. Group 2: Strategic Importance - The gas company aims for this collaboration to serve as a demonstration project for future hydrogen fuel cell applications, leveraging its experience in hydrogen processing [4][17]. - Hong Kong Science Park Company emphasizes its commitment to achieving net-zero emissions by 2045 and sees this project as a catalyst for encouraging more businesses to explore hydrogen applications [4][19]. - The project aligns with the government's hydrogen development strategy, which aims to create a favorable environment for local hydrogen development [4][14]. Group 3: Future Prospects - Both companies plan to explore various hydrogen application solutions to lead Hong Kong's energy transition and contribute to sustainable development [4][27]. - The gas company has over 160 years of experience in hydrogen processing, which it intends to apply to this project and potentially replicate in other scenarios [4][17].

7月23日，香港中华煤气成功向Golden Island Pte Ltd(Golden Island)交付5,000吨ISCC EU认证绿色甲醇，用于其新加坡加注业务。此次交付履行了两家公司 此前公布的供应协议，展现香港中华煤气在绿色船用燃料物流方面的营运实力。 香港中华煤气透过三菱商事向Golden Island交付5,000吨ISCC EU认证绿色甲醇，用于新加坡加注试验。该批绿色甲醇先运送至位于天津港的天津孚宝储存 设施，然後装载到Golden Island的加注船Golden Antares。香港中华煤气交付的绿色甲醇能带来显着环境效益，与传统超低硫燃料油相比，其碳强度可减低 超过75%。 天津孚宝总经理刘笑梅指出："此次天津孚宝支持香港中华煤气成功运送中国本土生产的5,000吨绿色甲醇至新加坡加注，标志着亚太地区在绿色燃料制 造、储存、运送、应用产业链各环节逐步完善。孚宝绿色能源业务以天津为起点，利用孚宝网络，构建亚太绿色船燃供应链，支持航运行业绿色低碳转 型。" 香港中华煤气位于内蒙古的绿色甲醇生产设施具备卓越的营运能力。该设施采用自主研发技术将废旧轮胎和农林废弃物转化为绿色甲醇，令香港中华煤气 ...

Investment Rating - The report maintains a "Positive" outlook on the public utilities and environmental sectors, particularly in electricity and natural gas [1]. Core Insights - The report highlights a recovery in electricity consumption in June, driven by the tertiary sector and residential usage, with a total electricity consumption of 8,670 billion kWh, representing a year-on-year growth of 5.4% [15][17]. - Natural gas consumption showed a slight increase in June, with a total apparent consumption of 35.05 billion m³, up 1.4% year-on-year, indicating a recovery in industry sentiment [21][48]. - The report emphasizes the ongoing optimization of energy structure in China, with significant contributions from renewable energy sources, particularly solar and nuclear power [2][8]. Summary by Sections 1. Electricity: June Consumption Growth Accelerates - In June, the industrial electricity generation reached 7,963 billion kWh, a year-on-year increase of 1.7% [7][9]. - The breakdown of electricity generation types shows a decline in hydropower by 4.0%, while nuclear power grew by 10.3%, and solar power surged by 18.3% [9][15]. - The report notes that the second industry contributed significantly to the electricity increment, accounting for 38% of the total increase [16][17]. 2. Natural Gas: Global Price Decline and June Consumption Growth - The report states that the apparent consumption of natural gas in June was 35.05 billion m³, marking a 1.4% increase year-on-year [21][48]. - The average price of LNG in Northeast Asia decreased to $11.90/mmBtu, reflecting a broader trend of declining global gas prices [22][41]. - The report anticipates that the long-term outlook for natural gas will improve due to rising LNG export capacities from the US and the Middle East [48]. 3. Weekly Market Review - The public utilities and environmental sectors underperformed compared to the CSI 300 index, while the electrical equipment sector outperformed [50]. 4. Company and Industry Dynamics - The report mentions the increase in installed capacity for solar and wind energy, with solar capacity growing by 54.2% year-on-year [53]. - It highlights the ongoing construction of large seawater desalination projects in coastal provinces to support high water-consuming industries [53]. 5. Key Company Valuation Table - The report includes a valuation table for key companies in the public utilities and environmental sectors, indicating potential investment opportunities [60].

Investment Rating - The investment rating for the electric equipment and new energy industry is "Outperform the Market" (maintained) [2][7]. Core Viewpoints - The global first large-scale green hydrogen coupled biomass gasification to produce green methanol integrated demonstration project has been officially launched, providing a new technical route and business model for large-scale green electricity consumption [3][4]. - The green methanol market is expected to have significant applications in transportation, chemicals, and energy sectors, with a broad future market space [3][8]. - The project by Hong Kong and China Gas has successfully delivered 5,000 tons of ISCC EU certified green methanol for its Singapore refueling operations, marking a significant step in the green methanol business [6]. Summary by Sections Project Developments - The Shanghai Electric Taonan City wind power coupled biomass green methanol project has officially launched its first phase with an annual production capacity of 50,000 tons, and the second phase is expected to start construction in the second half of the year [4]. - The project includes advanced facilities such as a 67.2 MW wind power system and a 10,000 Nm³ hydrogen storage unit, aiming for a total annual production of 250,000 tons of green methanol upon full operation [4][5]. Market Opportunities - The establishment of joint ventures, such as the one between Hong Kong and China Gas and Fuan Energy, aims to build green methanol production bases with a target annual capacity of 1 million tons across various regions [8]. - The green methanol production is anticipated to provide a new direction for renewable energy consumption, with significant potential in various industries [3][8]. Financial Projections - The financial forecasts for related companies indicate a positive outlook, with Jin Feng Technology projected to achieve a net profit of 1.86 billion RMB in 2024, increasing to 3.66 billion RMB by 2026 [10]. - Yun Da Co., Ltd. is also expected to see growth, with net profits projected to rise from 460 million RMB in 2024 to 960 million RMB in 2026 [10].