Financial Performance - The company achieved a revenue of HKD 68.41 billion for the year, representing a 0.9% increase from HKD 67.78 billion in the previous year[10]. - The net profit attributable to shareholders was HKD 5.29 billion, a decrease of 34.4% compared to HKD 8.05 billion in the previous year[10]. - The basic and diluted earnings per share were HKD 4.19, down 34.4% from HKD 6.38 in the previous year[10]. - The company reported a gross profit margin of 15.9%, slightly down from 16.1% in the previous year[9]. - The total operating revenue for EEW GmbH reached HKD 5.66 billion, representing a year-on-year growth of 6.5%[25]. - The company's profit attributable to shareholders for the year ended December 31, 2020, was HKD 5.29 billion, a decrease of approximately 10.7% compared to HKD 8.05 billion in 2019, excluding one-off items[35]. - The total comprehensive income for the year ended December 31, 2020, was HKD 11,789,901, compared to HKD 7,288,630 in 2019, representing an increase of approximately 61.5%[121]. - The net profit for the year was HKD 5,646,463, down from HKD 8,573,609 in 2019, indicating a decrease of about 34.5%[121]. Assets and Liabilities - The total assets increased by 10.2% to HKD 204.80 billion from HKD 185.81 billion in the previous year[10]. - The company's total equity was HKD 97.43 billion, with a debt-to-equity ratio of 41%, slightly down from 42% in 2019[39]. - The total liabilities increased to HKD 107,378,699 in 2020 from HKD 98,791,449 in 2019, indicating a rise of approximately 8.0%[124]. - Non-current assets rose to HKD 158,007,702 in 2020, up from HKD 148,177,088 in 2019, marking an increase of about 6.0%[122]. - The company's cash and cash equivalents amounted to HKD 29,122,428 in 2020, up from HKD 22,158,921 in 2019, reflecting an increase of about 31.4%[122]. Dividends - The company proposed a final dividend of HKD 0.74 per share, maintaining a total dividend of HKD 1.14 per share for the year[12]. - The company reported a profit for the year ending December 31, 2020, with a proposed final dividend of HKD 0.74 per share, following an interim dividend of HKD 0.40 per share paid in October 2020[57]. Capital Expenditure - The capital expenditure for Beijing Gas was approximately HKD 2.88 billion in 2020, while the capital expenditure for PetroChina's Beijing pipeline company was about HKD 1.16 billion[21]. - Capital expenditures for the year totaled HKD 5,551,557 thousand, with the pipeline gas segment accounting for HKD 2,881,076 thousand[188]. Market Strategy and Development - The company focused on enhancing its gas supply capabilities and strategic layout in the Beijing-Tianjin-Hebei region through key projects[12]. - Beijing Yanjing Beer Co., Ltd. is exploring new online marketing channels and promoting product upgrades to adapt to industry trends[12]. - The company is actively expanding its market presence through asset acquisitions and integration in the Beijing area and participating in the construction of gas supply facilities in the Xiong'an New Area[21]. - The company aims to improve its environmental, social, and governance performance as part of its sustainable development strategy[13]. Environmental and Social Responsibility - The company has maintained a focus on sustainable development, actively investing in energy-saving and emission-reduction technologies to enhance resource utilization efficiency[49]. - The company continues to support the Beijing government's clean air action plan by advancing LNG storage projects to ensure stable natural gas supply[50]. - The company is committed to environmental governance, including participation in clean air action plans and waste management initiatives[56]. Governance and Management - The company is focused on enhancing its corporate governance and compliance through experienced board members[44]. - The management team has a strong educational background, with degrees from prestigious institutions such as Tsinghua University and Hong Kong University[43][44]. - The board is responsible for overall strategic development and monitoring management's performance against business plans, including financial goals and major financial activities[85]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations, with regular reviews by the board[50]. Revenue Recognition and Financial Reporting - Revenue from pipeline gas business is recognized based on gas consumption measured from meter readings at the time of customer consumption[176]. - Revenue from the sale of beer products is recognized at the point of transfer of products to customers, typically upon delivery[176]. - The company's financial statements are prepared based on the Hong Kong Financial Reporting Standards[139]. - The group’s financial statements include consolidated financial statements for the year ended December 31, 2020, reflecting the performance of subsidiaries from the date of control acquisition[140]. Employee and Shareholder Information - As of December 31, 2020, the company had approximately 39,000 employees, with compensation based on performance, experience, and market practices[60]. - The company has received annual confirmations of independence from its independent non-executive directors, who are still considered independent as of the report date[66]. - Shareholders holding at least 5% of total voting rights can request a special general meeting[101]. Related Party Transactions - The total amount of related party transactions exceeded the annual limit only in the instance mentioned above, with no other matters raising concerns regarding compliance with the established limits[79]. - The independent auditor, Ernst & Young, issued an unqualified conclusion, confirming that there were no issues leading them to believe that the related party transactions were not approved by the board[78].

北 京 控 股 有 限 公 司 股份代號 : 392 年報 2019 红京校 股有限公司 BEING ENTERPRISES HOLDINGS UMITED 目錄 目錄 2 公司資料 4 公司架構 5 財務摘要 6 主席報告 8 管理層討論及分析 19 董事及高級管理人員 23 董事會報告 38 企業管治報告 50 獨立核數師報告 56 綜合損益表 57 綜合全面收益表 58 綜合財務狀況表 61 綜合權益變動表 62 綜合現金流量表 66 財務報表附註 195 五年財務概要 197 專用詞䤈 北京控股有限公司 2019年年報 01 公司資料 公司資料 | --- | --- | |-----------------------------------|-----------------------------------| | | | | 董事 | 投資委員會 | | 執行董事 | 侯子波先生 （委員會主席） | | 侯子波先生 （主席兼行政總裁） | 姜新浩先生 | | 李永成先生 （副主席） | 林海涵先生 | | 趙曉東先生 （副主席） | 楊孫西博士 | | 姜新浩先生 （副總裁） | | | 譚振 ...

Financial Performance - The consolidated revenue for the first half of 2019 was HKD 34.23 billion, remaining stable compared to the same period last year[11]. - The profit attributable to shareholders increased by 11.2% to HKD 4.75 billion[11]. - The overall revenue for the group was approximately HKD 34.23 billion, with gas sales contributing HKD 24.25 billion, beer sales contributing HKD 6.53 billion, and solid waste treatment and environmental services contributing HKD 3.45 billion[30]. - The profit attributable to China Gas Holdings was HKD 964 million, a 46% increase year-on-year, with a gas sales volume of 24.66 billion cubic meters, up 32.1%[22]. - The company's profit for the period was HKD 5,151,448, an increase from HKD 4,728,341 in the previous period, representing an increase of approximately 8.9%[44]. - The net profit for the six months ended June 30, 2019, was HKD 4,745,330,000, compared to HKD 4,267,378,000 for the same period in 2018, representing a growth of approximately 11.2%[50]. - The total comprehensive income for the period amounted to HKD 3,657,990, down from HKD 4,564,923 in the previous period, indicating a decrease of about 19.8%[44]. - The company's earnings per share for the first half of 2019 was HKD 3.76, compared to HKD 3.38 in the same period last year[41]. Business Segments - The pipeline gas business generated a profit of HKD 3.84 billion, accounting for 68.3% of the total profit[12]. - Beijing Gas recorded a revenue of HKD 24.25 billion, with a profit of HKD 3.01 billion, up 5.6% year-on-year[16]. - The gas transmission business recorded a gas transmission volume of 26.46 billion cubic meters, an increase of 7.5% year-on-year[20]. - The VCNG project completed oil sales of 3.787 million tons, with attributable profit of HKD 550 million[21]. - Beijing Yanjing Beer achieved beer sales of 2.58 million kiloliters, with the Yanjing main brand contributing 1.76 million kiloliters and the "1+3" brand contributing 2.38 million kiloliters[23]. - Beijing Yanjing Beer reported a revenue of HKD 6.53 billion and a pre-tax profit of HKD 753 million for the reporting period[23]. - Beijing Enterprises Water Group's revenue increased by 28.2% to HKD 12.83 billion, with a net profit attributable to shareholders rising by 17.1% to HKD 2.77 billion[24]. - The solid waste treatment segment achieved a processing scale of 26,932 tons per day, with EEW GmbH's revenue growing by 3.7% to HKD 2.61 billion[155]. User Growth and Sales Volume - The gas sales volume was approximately 8.562 billion cubic meters, a decrease of 3.7% year-on-year due to warm winter conditions[16]. - The company added approximately 59,000 residential users and 3,208 public service users during the period, totaling around 6.31 million pipeline gas users[18]. Dividends and Shareholder Returns - The company declared an interim cash dividend of HKD 0.40 per share, up from HKD 0.32 per share in 2018[13]. - The interim cash dividend declared was HKD 0.40 per share, totaling HKD 504,821,000, compared to HKD 0.32 per share totaling HKD 403,857,000 in the previous year[85]. Financial Position and Assets - Total assets increased to HKD 180,518,878 from HKD 174,496,280, reflecting a growth of approximately 3.9%[45]. - Non-current assets increased by HKD 1.32 billion, mainly due to the increase in natural gas-related construction projects by Beijing Gas[36]. - Cash and bank deposits as of June 30, 2019, were HKD 18 billion, remaining stable compared to the end of 2018[39]. - The company's total liabilities increased to HKD 96,498,116 from HKD 93,480,908, representing an increase of approximately 3.2%[48]. - The company's equity attributable to shareholders was HKD 72,149,530, up from HKD 69,672,617, showing an increase of approximately 2.1%[48]. Expenses and Financial Management - The group's management expenses for the first half of 2019 were HKD 2.11 billion, a decrease of 11.5% compared to the same period last year[34]. - The group's financial expenses for the first half of 2019 were HKD 1.05 billion, an increase of 14.3% year-on-year, primarily due to an increase in bank loans[34]. - The effective income tax rate decreased to 28.9% from 34.1% in the same period last year, mainly due to the absence of withholding tax expenses on certain dividend income[36]. Cash Flow and Investments - Operating cash flow net amount was 1,504,070 thousand HKD, down from 1,868,774 thousand HKD in the previous period, representing a decrease of approximately 19.5%[52]. - Cash flow from financing activities net amount was (552,723) thousand HKD, compared to (476,919) thousand HKD in the previous period, indicating a decline in financing cash flow[52]. - The company received government grants of 922,774 thousand HKD for property, plant, and equipment, which was not recorded in the previous period[52]. Accounting Standards and Changes - The company adopted HKFRS 16 on January 1, 2019, which requires the recognition of right-of-use assets and lease liabilities for all leases, with certain exemptions for short-term leases[191]. - The transition to HKFRS 16 resulted in a significant increase in lease liabilities and a corresponding increase in right-of-use assets[192]. - The right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life or the lease term[196]. Corporate Governance and Management - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending June 30, 2019[130]. - The company has complied with the Corporate Governance Code, with some deviations noted regarding the roles of the chairman and CEO[128]. - The company has adopted several corporate governance measures to enhance operational efficiency and market competitiveness[127].

年 報 2018 北 京 控 股 有 限 公 司 股份代號 : 392 STATULATION AND THE -FIFEEERA 原浆FF 北京校长夺限公司 BEIJING ENTERPRISES HOLDINGS LIMITED BEHL_ar18_cover_Eng_OP.pdf 3 23/4/2019 13:20 目錄 北京控股有限公司 2018年年報 01 目錄 2 公司資料 4 公司架構 5 財務摘要 6 主席報告 8 管理層討論及分析 20 董事及高級管理人員 24 董事會報告 38 企業管治報告 52 獨立核數師報告 58 綜合損益表 59 綜合全面收益表 61 綜合財務狀況表 64 綜合權益變動表 66 綜合現金流量表 70 財務報表附註 204 五年財務概要 206 專用詞䤈 公司資料 公司資料 董事 執行董事 侯子波先生（主席兼行政總裁） 李永成先生（副主席） 趙曉東先生（副主席） 鄂 萌先生（常務副總裁） 姜新浩先生（副總裁） 譚振輝先生（財務總監兼公司秘書） 獨立非執行董事 武捷思先生 林海涵先生 施子清博士 楊孫西博士 馬 社先生 審核委員會 武捷思先生 林海涵先生（委員會主席） ...