壹品慧集团主要从事销售及提供厨房家居产品及服务，包括厨房电器、燃气安防产品、其他家居产品及 住宅升级解决方案等相关服务。目标公司的核心业务专注于燃气设备及水表产品的研发、制造、销售及 检测，将其并入壹品慧集团的产品及服务生态系统，将增强集团业务组合的战略协同性与业务升级，健 全自主可控的"研发—生产—服务"供应链体系。在国家持续推进智慧城市建设的政策背景下，智能物联 网表具市场需求显著增长。壹品慧在物联网、全屋智能家居及安防领域具备成熟技术积累与产品经验， 目标公司有先进的生产线，股权转让后可实现双方研发资源的深度整合，驱动燃气表向智能化、安防 化、系统化方向升级。依托壹品慧"家庭帮""祺卫安防"等平台，双方可共同开发阀井洩漏监测、智能插 座、物联烟感、商厨预警系统等一系列高附加值新产品，进一步拓展目标公司的利润空间。 中国燃气(00384)公布，于2026年2月6日，公司全资附属中燃燃气实业(深圳)有限公司拟向深圳市壹品慧 投资发展有限公司出售河北华通燃气设备有限公司50.66%股权，代价为人民币5266.8万元。 ...

壹品慧集团主要从事销售及提供厨房家居产品及服务，包括厨房电器、燃气安防产品、其他家居产品及 住宅升级解决方案等相关服务。目标公司的核心业务专注于燃气设备及水表产品的研发、制造、销售及 检测，将其并入壹品慧集团的产品及服务生态系统，将增强集团业务组合的战略协同性与业务升级，健 全自主可控的"研发—生产—服务"供应链体系。在国家持续推进智慧城市建设的政策背景下，智能物联 网表具市场需求显著增长。壹品慧在物联网、全屋智能家居及安防领域具备成熟技术积累与产品经验， 目标公司有先进的生产线，股权转让后可实现双方研发资源的深度整合，驱动燃气表向智能化、安防 化、系统化方向升级。依托壹品慧"家庭帮""祺卫安防"等平台，双方可共同开发阀井洩漏监测、智能插 座、物联烟感、商厨预警系统等一系列高附加值新产品，进一步拓展目标公司的利润空间。 智通财经APP讯，中国燃气(00384)公布，于2026年2月6日，公司全资附属中燃燃气实业(深圳)有限公司 拟向深圳市壹品慧投资发展有限公司出售河北华通燃气设备有限公司50.66%股权，代价为人民币5266.8 万元。 ...

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 的 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 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （於百慕達註冊成立的有限公司） （股 份 代 號：384） (1)有關股權轉讓的關連交易 及 (2)有關燃氣錶及水錶產品採購框架協議的持續關連交易 (1) 有關股權轉讓的關連交易 CHINA GAS HOLDINGS LIMITED 中國燃氣控股有限公司 * 於 二 零 二 六 年 二 月 六 日，賣 方（本 公 司 全 資 附 屬 公 司）與買方（本 公 司 非 全 資 附 屬 公 司）訂 立 股 權 轉 讓 協 議，據 此，賣 方 已 同 意 出 售，而 買 方 已 同 意 購 買 股 權，代 價 為人民幣52,668,000元（相 當 於 約58,520,000港 元）。於 完 成 後，賣 方 將 不 再 持 有 目 ...

中国燃气项目负责人表示："启弘纺织储能电站是中国燃气在纺织行业储能领域的重要实践。我们充分 结合纺织行业的生产特点和能源需求，运用先进的储能技术和管理经验，为企业提供了经济、高效、可 靠的能源服务。中国燃气始终践行'双碳'战略，未来将持续关注传统制造业的绿色转型需求，为更多行 业客户提供定制化的储能解决方案，助力传统产业焕发新活力。" 海安启弘纺织科技成立于2005年，是一家民营纺织科技型企业，生产基地位于江苏省南通市海安经济开 发区，已被列为国家经编毛绒产品开发基地。公司专注于针织经编绒类面料的研发和生产，产业体系涵 盖织造、染整、印花、烂花等多个环节，产品广泛应用于软体沙发、服装服饰、家纺家饰等领域，为全 球客户提供面料、服务和终端方案。凭借自主研发的烂花绒面料等高新技术产品，公司拥有多项发明及 实用新型专利，其生产的高密度超柔面料、超仿真系列面料在市场上具有较高的知名度和美誉度。随着 企业业务不断拓展，生产规模持续扩大，用电需求大幅增长，节能降本成为企业发展的重要课题。 此次投运的储能电站，针对纺织行业生产流程长、用电负荷稳定的特点，采用"谷电储充、峰电释放"的 运行模式，可有效降低企业峰谷电价差成本。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 11 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 優先股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 優先股A | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 68,500,000 | | 0 | | 68,500,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 68,500,000 | | 0 | | 68,500,000 | | 2. 股份分類 | 優先股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 否 | | ...

Core Viewpoint - The global energy system is undergoing significant transformation, with energy storage becoming a crucial component in building a new power system, driven by dual forces of "dual carbon" goals and accelerated market reforms [1] Group 1: Company Initiatives - China Gas has strategically positioned itself as a "green city operator" and is actively implementing a comprehensive "source-network-load-storage" integration layout, providing practical examples for the sustainable evolution of energy storage business models [1] - The company has established a diverse project matrix in the energy storage sector, collaborating with various industries and regions, including a smart energy storage station developed with BASF, which can store a total capacity of 80 MWh, equivalent to the daily electricity consumption of approximately 10,000 households [1][2] - China Gas has successfully penetrated multiple high-energy-consuming industries, such as lithium batteries and chemicals, demonstrating the extensive application value of energy storage across different scenarios [2] Group 2: Technological and Economic Impact - The "source-network-load-storage" integrated model promoted by China Gas enhances the stability and economic efficiency of regional power grids, improving the acceptance of intermittent power sources like distributed photovoltaics and reducing voltage fluctuations [3] - The implementation of optimized energy dispatch strategies allows for balanced management of electricity loads, effectively controlling overall electricity costs and mitigating the impact of peak electricity prices [3] - The deployment of digital technologies in these projects accelerates the development of smart grids, enhancing automation and intelligence levels within the power grid [3] Group 3: Industry Perspective - Recent local policies, such as the "Sichuan Electric Power Market Settlement Rules V1.0," clarify the rules and value realization paths for energy storage participation in the electricity market, attracting more participants to the sector [4] - China Gas has established several competitive advantages to address potential revenue fluctuations, including large-scale procurement and refined design to lower initial investment and operational costs [4] - The company’s comprehensive service and safety control system covering the entire project lifecycle ensures reliable long-term operation, allowing it to maintain superior economic performance even amid market adjustments [4]

Core Insights - The global energy system is undergoing significant transformation, with energy storage becoming a crucial component in building a new power system driven by dual carbon goals and market reforms [1][2] - China Gas (00384) is positioning itself as a "green city operator" through an integrated "source-network-load-storage" strategy, actively participating in the sustainable evolution of energy storage business models [1][2] Group 1: Project Developments - China Gas has established a diverse project matrix in the energy storage sector, collaborating with various industries and regions [1][2] - A notable project includes a smart energy storage station developed with BASF and Shanshan, featuring 16 energy storage battery units and 8 power conversion systems, capable of storing 80 MWh of renewable energy, equivalent to the daily electricity consumption of 10,000 households [1] - The company has also implemented energy storage solutions in high-energy-consuming industries such as lithium batteries, non-ferrous metals, and precision manufacturing, demonstrating the broad application value of energy storage [2] Group 2: International Expansion - The Rosersberg energy storage station in Stockholm represents China Gas's first overseas project, providing frequency regulation services to the regional grid and showcasing its international competitiveness [2] - This project marks a significant step in exporting domestic "source-network-load-storage" collaborative experiences to global markets [2] Group 3: System Integration Benefits - The integrated "source-network-load-storage" model enhances the stability and economic efficiency of regional grids, improving the acceptance of intermittent power sources like distributed photovoltaics [3] - The model allows for balanced management of electricity loads, reducing costs associated with peak electricity prices and enhancing overall electricity cost control [3] - The deployment of digital technologies in these projects accelerates the development of smart grids, improving automation and intelligence levels [3] Group 4: Industry Perspective - Recent local policies, such as the "Sichuan Electric Power Market Settlement Rules V1.0," clarify the rules and value realization paths for energy storage participation in the electricity market [4] - China Gas has established several competitive advantages to address potential revenue fluctuations, including large-scale procurement and refined design to lower initial investment and operational costs [4] - The company’s comprehensive service and safety control system covering the entire project lifecycle ensures reliable long-term operation, allowing it to maintain economic advantages even in a changing market [4]

中新网南宁2月2日电 (黄令妍 张广权)广西政协委员，中国燃气控股有限公司(下称"中国燃气")董事局主 席、总裁刘明辉2日介绍，天然气在东盟多数国家需求旺盛，而中国在技术、资金、管网建设方面具备 优势。推动跨境能源合作，既能为东盟国家提供低碳转型支持，也能增强我国能源供应链韧性。 广西两会正在进行，刘明辉接受中新网专访时作上述表示。 广西是中国—东盟开放合作的前沿。刘明辉建议，可以广西为枢纽，连接越南、缅甸等资源国与国内市 场，打造区域性能源交易中心，探索人民币结算，提升能源定价话语权；强化民生导向合作，鼓励企业 在东盟开展"气化乡村"示范项目，将广西的惠民工程经验适度输出，兼顾商业效益与社会效益，提升中 国能源合作的国际形象。 近年来，广西为能源企业深耕东盟市场提供了关键支点。据介绍，目前中国燃气扎根马来西亚、印尼等 东盟新兴市场：在绿色能源转型领域，依托马六甲海峡及周边区域布局绿色船舶燃料等业务，有效填补 当地能源供需缺口；在工业园区综合能源方面，以分布式、综合能源服务模式助力当地工业企业降本增 效，推动低碳转型。同时，企业抓住东南亚数字经济发展机遇，推动数字经济与绿色能源产业跨界融 合，构建区域能源生态 ...

Investment Rating - The report provides a positive outlook on the electricity and natural gas sectors, highlighting stable revenue mechanisms and growth potential in consumption and pricing [1][10]. Core Insights - The report emphasizes the importance of a refined capacity pricing mechanism for electricity generation, which aims to stabilize revenue and ensure fair compensation for various power sources [4][6]. - It notes that natural gas consumption is expected to grow, supported by favorable weather conditions and improved economic indicators, despite short-term price fluctuations [10][29]. Summary by Sections 1. Electricity: Improved Capacity Pricing Mechanism - The National Development and Reform Commission and the National Energy Administration have issued a notification to enhance the capacity pricing mechanism for electricity generation, addressing mismatches in supply and demand within the new power system [4]. - The new mechanism aims to ensure that different types of power generation, including coal, gas, and new energy sources, receive fair compensation based on their peak supply capabilities [6][7]. - The report highlights that the refined pricing structure will lead to more predictable revenue for power generation companies, reducing volatility in earnings [7]. 2. Natural Gas: Continued Growth in Consumption - The report indicates that the apparent consumption of natural gas in China is projected to grow by 0.1% in 2025, with December consumption reaching 38.57 billion cubic meters, a year-on-year increase of 1.9% [29]. - It notes that the recent cold weather has supported high natural gas prices, with the U.S. Henry Hub spot price at $7.18/mmBtu, while European prices remain elevated due to low inventory levels and geopolitical tensions [10][12]. - The report suggests that the natural gas sector will benefit from a combination of lower costs and improved pricing mechanisms, leading to a recovery in profitability for city gas companies [31]. 3. Investment Recommendations - For coal-fired power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their stable revenue sources [8]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are highlighted for their potential to improve profit margins through reduced capital expenditures [8]. - In the nuclear sector, China National Nuclear Power and China General Nuclear Power are suggested for their growth potential as new units are approved [8]. - The report also recommends focusing on integrated natural gas companies like ENN Energy and China Gas Holdings, which are expected to benefit from lower costs and increased sales [31].

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment due to policy improvements and market dynamics [1]. Core Insights - The report highlights the recent improvements in the capacity pricing mechanism for power generation, which aims to stabilize revenue and enhance the profitability of various power sources [6][10]. - It notes a slight increase in natural gas consumption in 2025, with a projected growth of 0.1% year-on-year, indicating a stable demand outlook for the gas sector [32]. Summary by Sections 1. Power Sector: Capacity Pricing Mechanism Improvement - The National Development and Reform Commission and the National Energy Administration have issued a notification to enhance the capacity pricing mechanism for power generation, addressing mismatches in supply and demand within the new energy system [6]. - The new mechanism introduces differentiated pricing for various types of regulatory power sources, ensuring that their capacity value is adequately compensated [7]. - A unified compensation standard for peak capacity across different power sources is established, promoting rational investment and resource allocation in the power sector [8][10]. 2. Gas Sector: Continued Growth in Natural Gas Consumption - Natural gas consumption in China is expected to reach 385.7 billion cubic meters by December 2025, reflecting a year-on-year increase of 1.9% [32]. - The report emphasizes the impact of cold weather on gas prices, with global prices remaining high, particularly in the U.S. and Europe, which supports the profitability of gas companies [13][19]. - The report suggests that the gas sector will benefit from a combination of lower costs and improved demand, particularly for city gas companies, with recommendations for several key players in the market [34]. 3. Weekly Market Review - The report notes that the public utility, power, gas, and environmental sectors underperformed relative to the Shanghai and Shenzhen 300 index during the week of January 24 to January 30, 2026 [36]. 4. Company and Industry Dynamics - As of the end of 2025, the total installed power generation capacity in China reached 3.89 billion kilowatts, a year-on-year increase of 16.1%, with significant growth in solar and wind power installations [43]. - The report includes various company announcements, highlighting performance forecasts and operational updates from key players in the energy sector [44].