Financial Performance - For the first half of 2024, the Group's revenue was approximately RMB1,362 million, representing an increase of approximately 5.90% compared to RMB1,286 million in the same period last year[5]. - The Group's profit for the Period was approximately RMB66.61 million, a decrease of approximately 16.36% from RMB79.64 million in the previous year, primarily due to reduced profit contributions from joint ventures[5]. - The basic earnings per share for the Company was RMB0.49 cents, down from RMB0.76 cents in 2023[5]. - The gross profit margin of the Group was approximately 12.31%, a decrease of approximately 0.43% from 12.74% in the previous year, attributed to an increase in lower-margin business[5]. - Total comprehensive income for the period was RMB 57,972, down from RMB 75,787, a decrease of about 23.5% compared to the same period last year[42]. - Profit for the period decreased to RMB 66,608 from RMB 79,635, reflecting a decline of approximately 16.3% year-over-year[42]. - The Group reported a profit before tax of RMB 76,193,000 for the six months ended June 30, 2024, compared to RMB 89,845,000 for the same period in 2023, indicating a decrease of 15.3%[64]. Revenue Breakdown - Revenue from the piped gas transmission and distribution business was approximately RMB637.61 million, an increase of approximately 15.30% compared to the previous year, accounting for approximately 46.82% of total revenue[9]. - Revenue from piped gas sales was approximately RMB 597,061,000, an increase of approximately RMB 112,595,000 or 23.24% compared to the same period last year[13]. - Revenue from piped gas connection decreased by approximately 40.82% to RMB40.55 million, representing approximately 6.36% of total revenue from the piped gas transmission and distribution business[10]. - Revenue from cylinder gas supply business was approximately RMB 331,480,000, a slight increase of approximately RMB 53,000 or 0.02% compared to the previous year[17]. - Revenue from gas distribution business was approximately RMB 347,595,000, a decrease of approximately RMB 2,645,000 or 0.76% compared to the same period last year[19]. - Revenue from food ingredients supply and FMCG business was approximately RMB 45,008,000, a decrease from RMB 51,134,000 in the previous year[23]. Customer and Market Insights - The number of connected residential household customers increased by approximately 3.92% to 574,442 units, while connected commercial and industrial customers increased by approximately 6.36% to 12,635 units[10]. - Domestic natural gas consumption was approximately 210.8 billion m³, a year-on-year increase of approximately 8.7%[4]. - Imported natural gas was approximately 90.2 billion m³, representing a year-on-year increase of approximately 14.8%[4]. - The natural gas consumption structure in China covers multiple fields, with urban gas consumption accounting for a significant proportion[29]. - The shift towards low-carbon energy in China presents opportunities for the natural growth of the business scale[29]. Operational Efficiency - The Group aims to expand the scale of gas distribution, steadily increasing gas sales and revenue[37]. - The Group will ensure the safe and efficient operation of its gas business and guarantee gas supply for people's livelihood[38]. - Cylinder gas will remain an important supplement to piped gas supply, especially in areas where piped gas connection costs are high[33]. - The Group maintains confidence in the future piped gas market, ensuring effective operation of facilities[35]. Financial Position - Non-current assets totaled RMB 2,419,531 as of June 30, 2024, slightly down from RMB 2,455,408 at the end of 2023[44]. - Current assets increased to RMB 937,782 from RMB 897,797, showing a growth of approximately 4.4%[44]. - Total equity attributable to owners of the Company rose to RMB 2,766,459 from RMB 2,718,651, an increase of about 1.8%[45]. - Net current assets improved to RMB 377,775, compared to RMB 297,320 at the end of 2023, indicating a significant increase of approximately 27%[44]. - The company reported retained earnings of RMB 532,409,000 as of June 30, 2024[49]. - The company’s total liabilities as of June 30, 2024, were RMB 231,768,000[49]. Expenses and Costs - Selling and distribution expenses for the period amounted to approximately RMB74,293,000, representing an increase of approximately RMB2,299,000 compared to the corresponding period of last year[26]. - Administrative expenses for the period amounted to approximately RMB61,736,000, representing a decrease of approximately RMB346,000 compared to the corresponding period of last year[26]. - The total finance costs for the six months ended June 30, 2024, were RMB 1,897,000, compared to RMB 2,387,000 in 2023, showing a reduction of 20.5%[73]. - The cost of inventories recognized as expenses was RMB 1,166,653,000, up from RMB 1,085,139,000 in 2023, indicating an increase of 7.5%[74]. Shareholder Information - The company’s issued ordinary share capital as of June 30, 2024, is 8,934,561,203 shares[116]. - Dr. Mo and Miss Mo collectively hold approximately 40.97% of the company's issued share capital[113]. - Lofty Key and Ping Da, both corporate shareholders, hold 28.27% and 12.70% of the company's shares, respectively[120]. - The entire issued share capital of Lofty Key and Ping Da is held by Renown City, which is controlled by Civios Group[121]. - Civios Group is beneficially owned 70% by Dr. Mo and 30% by Miss Mo[121]. Governance and Compliance - The Company complies with all aspects of the Corporate Governance Code provisions as of June 30, 2024[126]. - The audit committee has reviewed the appropriateness and consistent application of significant accounting principles and financial reporting systems adopted by the Company[126]. - The Board consists of five Executive Directors and three Independent Non-executive Directors as of the date of this report[127].

Revenue and Profitability - Revenue for the six months ended June 30, 2024, increased by approximately 5.90% to RMB 1.36 billion compared to RMB 1.29 billion in 2023, primarily due to increased revenue from pipeline gas distribution business[1] - Profit for the period was approximately RMB 666 million, a decrease of about RMB 130 million from RMB 796 million in the same period of 2023, mainly due to reduced profit contributions from joint ventures[2] - Basic earnings per share for the period were RMB 0.49, down from RMB 0.76 in 2023[3] - Total comprehensive income for the period was RMB 58 million, down from RMB 76 million in 2023[4] - The group achieved a pre-tax profit of RMB 76,193,000 for the current period, compared to RMB 89,845,000 in the same period last year, indicating a decrease of 15.4%[12][13] - The pipeline gas distribution segment generated a profit of RMB 39,980,000, while the liquefied gas supply segment reported a profit of RMB 17,069,000 for the six months ended June 30, 2024[12] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the period, consistent with 2023[1] - The company did not declare or propose any dividends for the six months ended June 30, 2024, consistent with the previous year[24] Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to RMB 2.42 billion, a decrease from RMB 2.45 billion as of December 31, 2023[5] - Current assets totaled RMB 938 million, an increase from RMB 898 million as of December 31, 2023[5] - The company's total equity increased to RMB 2.77 billion as of June 30, 2024, compared to RMB 2.72 billion at the end of 2023[6] - The company reported a net cash position of RMB 518 million as of June 30, 2024, compared to RMB 393 million at the end of 2023[5] - Total trade and other payables decreased to RMB 224,838,000 as of June 30, 2024, down from RMB 274,020,000 at the end of 2023, a reduction of 18%[28] - Total borrowings as of June 30, 2024, amounted to approximately RMB 71,725,000, down from RMB 81,775,000 as of December 31, 2023, primarily consisting of local bank loans[45] Revenue Segmentation - Revenue from external customers for the pipeline gas distribution segment was RMB 637,608,000, while the total revenue for all segments amounted to RMB 1,361,691,000 for the six months ended June 30, 2024[12] - The pipeline gas distribution business generated revenue of approximately RMB 637.6 million, an increase of about 15.30% year-on-year, accounting for approximately 46.82% of total revenue[32] - The pipeline gas sales revenue was approximately RMB 597.1 million, an increase of about 23.24% year-on-year, with sales volume reaching approximately 23.36 million cubic meters, up about 5.02%[34] - The company sold approximately 52,094 tons of packaged gas, a year-on-year increase of about 12.01%, with sales revenue of approximately RMB 331.5 million, a slight increase of 0.02%[35] - The gas distribution business generated revenue of approximately RMB 347.6 million, a decrease of about 0.76% year-on-year, while sales volume increased by approximately 13.95%[36] Income and Expenses - The company recognized a tax expense of RMB 9,585,000 for the six months ended June 30, 2024, compared to RMB 10,210,000 in the same period of 2023, indicating a decrease of 6.1%[21] - The company reported a net loss of RMB 2,258,000 from expected credit loss provisions for customer contracts and other receivables in the first half of 2024[16] - The company's total other income for the first half of 2024 was RMB 19,863,000, down from RMB 22,526,000 in the same period of 2023, a decline of 12%[17] - Financial costs decreased to approximately RMB 1.9 million, down about RMB 490,000 from RMB 2.4 million in 2023, primarily due to lower bank borrowing interest[40] - The company's administrative expenses were approximately RMB 61.7 million, a slight decrease of about RMB 346,000 compared to RMB 62.1 million in 2023[41] Joint Ventures and Other Income - The share of profits from joint ventures was approximately RMB 12.8 million, a decrease of about RMB 11.1 million from RMB 23.9 million in 2023, due to reduced profits from joint ventures[43] - The company reported a loss of RMB 3,700,000 from the sale of property, plant, and equipment during the current period[12] - The company reported a loss of RMB 3,700,000 from the sale of properties, plants, and equipment for the six months ended June 30, 2024, compared to a loss of RMB 178,000 in the same period of 2023[16] Market Outlook and Strategy - The company remains confident in the future market for pipeline gas distribution, supported by government policies encouraging the development of the natural gas industry[48] - The demand for bottled gas continues to be significant in various sectors, including residential, catering, and tourism, serving as an effective supplement to pipeline gas supply[49] - The company aims to expand its gas distribution scale and steadily increase gas sales and revenue, leveraging advancements in liquefied natural gas technology[50] - The food supply and marketplace business is a new venture for the company, focusing on improving operational models and service quality to meet market demand[51] Compliance and Governance - The company has fully complied with the corporate governance code as of June 30, 2024, ensuring adherence to the principles and provisions set forth[53]

Economic Performance - In 2023, the domestic GDP reached RMB 126.06 trillion, representing a growth of 5.2% compared to the previous year[5]. - The total retail sales of social consumer goods in China were approximately RMB 47.15 trillion, marking a year-on-year increase of 7.2%[6]. - The economic growth in China has reached a new level after surpassing RMB 110 trillion and RMB 120 trillion in 2021 and 2022 respectively[5]. - The Group's performance indicates a stable recovery in the domestic economy, which has been faster than that of most major economies[5]. Natural Gas and Energy Production - The output of natural gas in 2023 was approximately 232.43 billion m³, an increase of 5.6% year-on-year; natural gas imports rose to 120 million tons, up 9.9% year-on-year[6]. - The apparent consumption of natural gas in China was 394.53 billion m³, which increased by 9.5% year-on-year[6]. - The import of natural gas in 2023 reached a record high, with the proportion of non-fossil energy in total energy consumption increasing by 0.2 percentage points compared to the previous year[25][27]. - In 2023, non-fossil energy accounted for over 40% of total new energy production, accelerating the development of a low-carbon energy production and supply system[112]. Group Financial Performance - For the year ended December 31, 2023, the Group's revenue was approximately RMB 2,514 million, a decrease from RMB 2,868 million in 2022, resulting in a loss of approximately RMB 227 million compared to a profit of RMB 62 million in 2022[13][16]. - The basic loss per share for the year was RMB 2.59 cents, down from earnings per share of RMB 0.40 cents in 2022[13][16]. - The overall gross profit margin increased to 12.44% in 2023, up from 10.11% in 2022, representing an increase of 2.33 percentage points[13][16]. - The Group's debt-to-capitalization ratio as of December 31, 2023, was 3.17%, slightly up from 3.02% in 2022[15][17]. Sales and Revenue Breakdown - Revenue from the piped gas transmission and distribution business was approximately RMB 1,169 million, accounting for 46.53% of the Group's total revenue, up from 33.28% in 2022[45]. - Revenue from piped gas sales was approximately RMB 1,045 million, representing 89.40% of the total revenue from the piped gas business, with a sales volume of 418.35 million m³[47]. - Cylinder gas supply business generated revenue of approximately RMB 656 million, down from RMB 744 million in 2022, while sales volume decreased to 96,332 tons from 99,717 tons[54]. - The gross profit margin for the cylinder gas supply business improved to 23.52% from 19.76% in 2022, despite a decrease in sales volume due to reduced customer demand[54]. Operational Challenges and Losses - The Group's joint ventures incurred a significant net loss of approximately RMB 243 million due to substantial impairment losses recognized on property, plant, and equipment[37]. - If not for the impairment, the Group's net loss would have turned into a net profit for the year[38]. - The increase in loss was primarily due to a substantial one-off impairment loss recognized in respect of property, plant and equipment, right-of-use assets, and intangible assets[81]. Strategic Plans and Market Development - The Group plans to expand its market share in the natural gas industry and integrate low carbonization and clean energy strategies for healthier development[18][21]. - The Group aims to enhance its canned gas business by optimizing its business model and expanding market coverage in response to the dual carbon target[20][22]. - The Group will leverage Internet technology to optimize its piped gas and cylinder gas supply business models, improving service efficiency and market competitiveness[31]. - The Group aims to enhance its market size and share while maintaining cautious capital investment and effective credit monitoring to minimize customer default risks[111]. Corporate Governance - The Company maintains high standards of corporate governance practices to enhance confidence among shareholders, investors, and business partners[154]. - The Board of Directors is committed to regularly enhancing corporate governance practices to ensure ethical standards and long-term sustainability[154]. - The Company complies with all aspects of the Corporate Governance Code for the year ended December 31, 2023[155]. - The audit committee comprises only independent non-executive directors, meeting the Listing Rules requirements[175]. Employee and Community Engagement - The Group acknowledges the support of shareholders and the community throughout the year[32]. - The company had approximately 4,900 employees as of December 31, 2023, with salaries determined based on duties, business performance, and market conditions[96].

Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 2.514 billion, a decrease of 12.5% compared to RMB 2.868 billion in 2022[3]. - The company reported a loss of approximately RMB 227.3 million for the year, compared to a profit of RMB 62.2 million in 2022[4]. - The basic loss per share for the year was RMB 2.59, compared to earnings of RMB 0.40 per share in 2022[5]. - The total comprehensive loss for the year amounted to RMB 244.5 million, compared to a comprehensive income of RMB 82.0 million in 2022[7]. - The company did not recommend a final dividend for the year, consistent with the previous year[6]. - The company reported a net loss of approximately RMB 231.749 million for 2023, compared to a profit of RMB 35.655 million in 2022[40]. - Basic loss per share for 2023 was RMB 0.0259, while in 2022, the basic earnings per share was RMB 0.0040[54]. Assets and Equity - The company's non-current assets totaled RMB 2.455 billion as of December 31, 2023, down from RMB 2.718 billion in 2022[11]. - Current assets amounted to RMB 897.8 million, slightly up from RMB 884.5 million in 2022[11]. - The company's total equity decreased to RMB 2.719 billion in 2023 from RMB 2.982 billion in 2022[12]. - Trade receivables decreased to RMB 56.896 million in 2023 from RMB 66.537 million in 2022, reflecting a reduction in credit losses[42]. - The company has no significant contingent liabilities as of December 31, 2023[50]. Revenue Breakdown - Total revenue from external customers for the year ended December 31, 2023, was RMB 2,513,521 thousand, a decrease of 12.3% from RMB 2,867,697 thousand in 2022[26]. - Revenue from pipeline gas distribution business was approximately RMB 1.169 billion, accounting for about 46.53% of total revenue, up from 33.28% in 2022[55]. - Pipeline gas sales revenue reached approximately RMB 1.045 billion, up 25.25% from RMB 834 million in 2022, representing 89.40% of total pipeline gas business revenue[58]. - Pipeline gas connection fee revenue for the year was approximately RMB 124 million, a 3.33% increase from RMB 120 million in 2022, accounting for 10.60% of total pipeline gas distribution revenue[57]. - The sales volume of pipeline gas was 41.835 million cubic meters, with residential users consuming 12.828 million cubic meters, an increase from 11.764 million cubic meters in 2022[58]. - The sales volume of bottled gas decreased to 96,332 tons from 99,717 tons in 2022, with revenue dropping to approximately RMB 656 million from RMB 744 million[59]. - Gas distribution sales volume fell by 25.66% to 135,994 tons, with revenue decreasing by 44.24% to approximately RMB 586 million[61]. Costs and Expenses - The gross profit for the year was RMB 312.6 million, representing a gross margin of 12.4%, compared to RMB 290.0 million in 2022[7]. - Financial costs increased to RMB 4,494 thousand in 2023 from RMB 3,518 thousand in 2022, marking a rise of 27.8%[32]. - Total employee costs rose to RMB 168,374 thousand in 2023 from RMB 155,072 thousand in 2022, an increase of 8.6%[37]. - The impairment loss on property, plant, and equipment was RMB 63,755 thousand in 2023, significantly higher than RMB 11,914 thousand in 2022[30]. - The company reported a significant increase in share of losses from joint ventures, amounting to approximately RMB 242.65 million, compared to a profit of RMB 4.16 million in 2022, reflecting a 5,934% increase in losses[72]. Future Outlook and Strategy - The company continues to focus on its core business areas, including pipeline gas distribution and retail operations, amidst challenging market conditions[14]. - The company aims to expand its market share and scale while adhering to the government's environmental policies, particularly focusing on carbon peak and carbon neutrality strategies[85]. - The company plans to enhance its gas distribution system to ensure stable and reliable gas supply while improving operational efficiency and safety management[89]. - The company is developing a digital gas management system to optimize the bottled gas supply chain, aiming to reduce operational costs and improve delivery efficiency[88]. - The company is committed to promoting clean energy and reducing environmental damage through initiatives like the "coal-to-gas" project, which converts coal-fired boilers to natural gas[83]. Governance and Compliance - The company has adhered to all corporate governance codes as per the listing rules throughout the year[93]. - The financial statements for the year have been audited by Fan Chen CPA Limited, confirming the figures are consistent with the audited consolidated financial statements[98]. - The annual performance announcement and annual report will be published on the Hong Kong Stock Exchange website and the company's website as per listing rules[99]. - The board of directors consists of 5 executive directors and 3 independent non-executive directors, ensuring a diverse governance structure[100].

Financial Performance - For the first half of 2023, the Group's revenue was approximately RMB1,286 million, a decrease of approximately 12.93% compared to RMB1,477 million in the same period last year[6]. - The Group's profit for the Period was approximately RMB79.64 million, representing an increase of approximately 377.46% compared to RMB16.68 million in the previous year[6]. - Basic earnings per share increased to RMB0.76 cents from RMB0.05 cents year-on-year[6]. - The overall gross profit margin improved to approximately 12.74%, up by 2.32 percentage points from 10.42% in the same period last year[6]. - The total comprehensive income for the period was RMB 75,787, compared to RMB 11,658 in the same period of 2022[95]. - Profit for the period attributable to owners of the Company increased significantly to RMB 67,475,000 from RMB 4,070,000, representing a growth of 1,558%[98]. - Total comprehensive income attributable to owners of the Company improved to RMB 63,368,000 from a loss of RMB 623,000, marking a substantial turnaround[98]. - The group reported a profit before tax of RMB 89,845,000 for the six months ended June 30, 2023, compared to RMB 28,854,000 for the same period in 2022, indicating a significant increase[145][146]. Revenue Breakdown - The piped gas transmission and distribution business generated revenue of approximately RMB552.98 million, an increase of approximately 14.15% compared to the previous year[11]. - Revenue from piped gas connection was approximately RMB68.51 million, representing an increase of approximately 48.24% year-on-year[12]. - Revenue from piped gas sales was approximately RMB 484,466,000, representing an increase of approximately RMB 46,260,000 or 10.56% compared to the same period last year, accounting for approximately 87.61% of total revenue from the piped gas transmission and distribution business[17]. - Revenue from gas distribution business was approximately RMB 350,240,000, a decrease of approximately RMB 177,713,000 or 33.66% compared to the same period last year, accounting for approximately 27.24% of the Group's total revenue[25]. - Revenue from food ingredients supply and FMCG business was approximately RMB 51,134,000, an increase from RMB 49,954,000 in the previous year, accounting for approximately 3.97% of the Group's total revenue[31]. Operational Metrics - Domestic natural gas consumption reached approximately 194.1 billion m³, a year-on-year increase of approximately 5.6%[5]. - The number of connected residential household customers increased by approximately 6.38% to 552,795 units as of June 30, 2023[12]. - Total sales volume of piped gas reached approximately 222.43 million m³, an increase of approximately 10.00% compared to the same period last year, with residential sales increasing by approximately 2.55% and C/I customer sales increasing by approximately 13.64%[17]. - Sales of cylinder gas decreased to approximately 46,508 tons, a decrease of approximately 9.74% compared to the same period last year, with total sales revenue of approximately RMB 331,427,000, representing a decrease of approximately RMB 83,451,000 or 20.11%[23]. Cost and Expenses - Finance costs for the period amounted to approximately RMB2,387,000, representing an increase of approximately RMB349,000 compared to the corresponding period of last year[40]. - Selling and distribution expenses for the period amounted to approximately RMB71,994,000, representing an increase of approximately RMB3,567,000 compared to the corresponding period of last year[41]. - Administrative expenses for the period amounted to approximately RMB62,082,000, representing a decrease of approximately RMB5,318,000 compared to the corresponding period of last year[42]. - The gross profit margin for the piped gas transmission and distribution business was approximately 12.12%, down from 16.12% in the previous year due to increased costs[11]. Assets and Liabilities - Non-current assets totaled RMB 2,770,518,000 as of June 30, 2023, compared to RMB 2,718,804,000 at the end of 2022, indicating a growth of 1.9%[101]. - Current assets increased to RMB 904,168,000 from RMB 884,502,000, showing a rise of 2.9%[101]. - Total equity attributable to owners of the Company reached RMB 2,812,547,000, up from RMB 2,749,179,000, reflecting an increase of 2.3%[103]. - Current liabilities decreased to RMB 581,382,000 from RMB 587,381,000, indicating a reduction of 1.3%[101]. - Trade payables decreased to RMB 95,623,000 as of June 30, 2023, down from RMB 109,406,000 at December 31, 2022, a decline of 12.6%[193]. Cash Flow - For the six months ended June 30, 2023, the net cash generated from operating activities was RMB 35,060,000, compared to a net cash used of RMB 2,394,000 in the same period of 2022[109]. - The cash and cash equivalents at the end of the period were RMB 546,420,000, a decrease from RMB 575,164,000 at the beginning of the period[109]. - The net cash used in investing activities was RMB 27,481,000, an increase from RMB 20,432,000 in the same period of 2022[109]. - The net cash used in financing activities was RMB 16,274,000, compared to RMB 23,291,000 in the same period of 2022[109]. Future Outlook - The economic environment in China is expected to gradually improve, with a positive outlook for the demand for gas resources[73]. - The Group remains confident in the long-term development of piped gas, emphasizing its role in achieving carbon peak and carbon neutrality goals[81]. - The Group plans to actively develop industrial gas and expand market share while ensuring safe and efficient gas operations[89]. - The company plans to continue its market expansion and product development strategies in the upcoming periods[108]. Corporate Governance - The Group did not initiate any new projects during the period[32]. - The Group will continue to follow government policy guidelines to achieve sustainable development in its gas business[92]. - No dividend was paid or proposed during the six months ended June 30, 2023, consistent with the previous year[177].

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布的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公布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。 CHINESE PEOPLE HOLDINGS COMPANY LIMITED (cid:973)(cid:973)(cid:33)(cid:1159)(cid:33)(cid:3027)(cid:33)(cid:1960)(cid:33)(cid:1302)(cid:33)(cid:2395)(cid:33)(cid:998)(cid:33)(cid:1113) (cid:528)(cid:1837)(cid:1325)(cid:4736)(cid:4210)(cid:3727)(cid:1085)(cid:1291)(cid:1189)(cid:976)(cid:1302)(cid:2395)(cid:3298)(cid:1210)(cid:998)(cid:1113)(cid:529)(cid:528)(cid:1960)(cid:1213)(cid:1078)(cid:4134)(cid:506 ...

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布的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公布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。 CHINESE PEOPLE HOLDINGS COMPANY LIMITED 中 民 控 股 有 限 公 司 （於百慕達註冊成立之有限責任公司）（股份代號：681） 有關截至2022 年12月31日止年度之年報之補充公布 茲提述本公司截至 2022 年12 月 31 日止年度之年度報告（「年報」）。除另有界定者外， 本公布所用詞彙與年報所界定者具相同涵義。 本公布旨在提供年報之補充資料。本公司董事（「董事」）會（「董事會」）謹此公布，由 2019年至2021年期間，本集團已收購四家根據中華人民共和國（「中國」）法律成立的公 司全部股權（「收購」），即北京中民道廷燃氣股份有限公司（「北京中民道廷」）、北京睦 通科技股份有限公司、愉百家(北京)商貿股份有限公司及北京夜郎廚坊網絡科技股份有限 公司（統稱「股轉系統附屬公司」）。股轉系統附屬公司的股份於中國全國中小企業股份 轉讓系統（「股轉系統」）基礎層掛牌交 ...

Financial Performance - The annual revenue for the year was approximately RMB 2,868 million, showing an increase compared to the last year, although profit dropped to RMB 59 million due to the impact of the epidemic and crude oil prices[7] - For the year ended December 31, 2022, the Group's revenue was approximately RMB2,868 million, an increase of 4.97% from RMB2,732 million in 2021[36] - The profit for the year was approximately RMB59 million, a significant decrease of 68.13% compared to RMB187 million in 2021[36] - The overall gross profit margin decreased to 10.11%, down 3.90 percentage points from 14.01% in 2021, primarily due to increased gas costs influenced by the pandemic and crude oil prices[36] Sales and Revenue Breakdown - The Group recorded piped gas sales of 383.99 million m³ for the year, representing an increase of 13.07% compared to the previous year[6] - Cylinder gas sales for the year were 99,717 tons, reflecting a decrease of 36.97% compared to the corresponding period last year[6] - Revenue from the piped gas transmission and distribution business was approximately RMB954 million, accounting for 33.28% of total revenue, with a gross profit margin of 12.82%, down from 22.69% in 2021[38] - Revenue from piped gas connection was approximately RMB120 million, representing 12.61% of the total revenue from the piped gas business, with a gross profit margin of 50.53%, down from 63.45% in 2021[43] - Piped gas sales revenue was approximately RMB834 million, accounting for 87.39% of the total revenue from the piped gas business, with a gross profit margin of 7.38%, down from 12.94% in 2021[44] - The cylinder gas supply business generated approximately RMB744 million in revenue, accounting for 25.93% of total revenue, with a gross profit margin of 19.76%, up from 16.46% in 2021[50] - The gas distribution business achieved total sales revenue of approximately RMB1,051 million, a 35.61% increase from RMB775 million in 2021, while the gross profit margin was approximately 0.70%[51] - The Group's bottled gas supply business sold 99,717 tons in the year, down from 158,210 tons in 2021, resulting in revenue of approximately RMB 744 million, a decrease from RMB 895 million in 2021, accounting for about 25.93% of total revenue[52] - The gas distribution business sold 182,939 tons, slightly down by 0.69% from 184,213 tons in 2021, but revenue increased by 35.61% to approximately RMB 1.051 billion from RMB 775 million in 2021, representing 36.66% of total revenue[53] - The FMCG and food ingredients supply business generated revenue of approximately RMB 119 million, up from RMB 108 million in 2021, accounting for 4.13% of total revenue[56] Market and Industry Trends - In 2022, China's natural gas production was approximately 217.8 billion m³, representing a year-on-year increase of 6.7%[5] - Natural gas imports decreased by 9.9% year-on-year to 109 million tons, while apparent consumption fell by 1.7% to 366.3 billion m³[5] - The overall retail sales of social consumer goods in China were approximately RMB 43.97 trillion, representing a year-on-year decrease of 0.2%[5] - The natural gas industry is expected to continue its steady development despite challenges, supported by favorable policies and the "Dual Carbon" goals[18] - The sales volume of national natural gas has experienced a slow recovery due to improved epidemic prevention policies and economic recovery, despite ongoing challenges in the gas industry[116] - Natural gas is positioned as a key player in achieving the "peak carbon dioxide emissions and carbon neutrality" goals, with a focus on maintaining existing users and expanding value-added business[117] Strategic Objectives and Initiatives - The Group aims to expand its market share in the natural gas industry, focusing on low carbonization and clean energy development[16] - The Group's strategic development objectives for the natural gas industry will be reinforced in the future, supported by favorable policies under the "Dual Carbon" targets[16] - The Group plans to utilize Internet technology to enhance the efficiency of its piped gas and cylinder gas supply business models[30] - The Group is committed to diversifying its income sources through the expansion of FMCG and food ingredients supply businesses, aiming for higher shareholder benefits[30] - The Group aims to build a comprehensive natural gas security system that is safer, more stable, and more efficient, in line with the central government's strategic decisions on the natural gas industry[112] - The Group plans to enhance operational productivity and cost efficiency while remaining cautious in capital investment to minimize customer default risks[112] - The Group is committed to promoting clean energy and reducing environmental damage through initiatives like the "Coal to Gas" project[98] Governance and Management - The management team includes experienced directors with extensive backgrounds in finance, economics, and corporate governance[136][141] - The Company has committed to high standards of corporate governance practices to enhance confidence among shareholders and business partners[156] - The Company complies with all aspects of the Corporate Governance Code provisions for the year ended December 31, 2022[156] - The Company has independent non-executive directors with extensive experience in finance and governance, enhancing its board effectiveness[147][151] - The Company has established various committees, including Audit, Remuneration, and Nomination, to enhance governance and oversight[147][151] - The Board consists of 5 Executive Directors and 3 Independent Non-Executive Directors, ensuring a balance of skills and experiences[172] - The Company has a structured approach to internal control systems to ensure accurate financial reporting and compliance with regulations[157] Operational Challenges and Responses - The Group has strengthened emergency duty and safety inspections to ensure the safe and stable operation of gas fuel facilities during the COVID-19 pandemic[105] - The Group temporarily suspended on-site meter reading services during the epidemic and encouraged contactless payment methods[106] - The Group plans to implement business risk response policies to ensure effective credit monitoring and minimize risks associated with customer defaults[112] - The gas distribution business faces challenges due to rising international natural gas prices but aims to seize development opportunities to enhance sales volume and income[122] Employee and Financial Management - The Group had approximately 4,700 employees as of December 31, 2022, with salaries determined based on duties, business performance, and market conditions[90] - The Group's total borrowings as of December 31, 2022, were approximately RMB 85.520 million, down from RMB 100.250 million in 2021, with short-term borrowings amounting to approximately RMB 85.020 million[80] - Finance costs decreased to approximately RMB 3.518 million from RMB 6.935 million in 2021, mainly due to lower interest on bank borrowings[65] - Selling and distribution expenses decreased to approximately RMB 152.814 million from RMB 159.813 million in 2021, attributed to reduced staff costs[66] - Administrative expenses decreased to approximately RMB 102.739 million from RMB 126.085 million in 2021, mainly due to lower depreciation and staff costs[73]

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布的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公布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。 CHINESE PEOPLE HOLDINGS COMPANY LIMITED (cid:973)(cid:973)(cid:33)(cid:1159)(cid:33)(cid:3027)(cid:33)(cid:1960)(cid:33)(cid:1302)(cid:33)(cid:2395)(cid:33)(cid:998)(cid:33)(cid:1113) (cid:528)(cid:1837)(cid:1325)(cid:4736)(cid:4210)(cid:3727)(cid:1085)(cid:1291)(cid:1189)(cid:976)(cid:1302)(cid:2395)(cid:3298)(cid:1210)(cid:998)(cid:1113)(cid:529)(cid:528)(cid:1960)(cid:1213)(cid:1078)(cid:4134)(cid:506 ...

Financial Performance - For the first half of 2022, the Group's revenue was approximately RMB 1,477 million, an increase of approximately 17.41% compared to RMB 1,258 million in the same period last year[9]. - The Group's profit for the Period was approximately RMB 16.68 million, representing a decrease of approximately 86.01% from RMB 119.24 million in the previous year, primarily due to losses from joint ventures[9]. - Basic earnings per share for the Company were RMB 0.05 cents, down from RMB 1.18 cents in the previous year[9]. - Gross profit decreased to RMB 153,855, down 17.2% from RMB 185,839 in the prior year, indicating a decline in profitability[83]. - Profit for the period attributable to owners of the company was RMB 4,070, a significant drop of 96.1% from RMB 105,701 in the same period last year[85]. - Total comprehensive income for the period was RMB 11,658, down 89.7% from RMB 113,390 in the previous year[85]. Revenue Breakdown - The piped gas transmission and distribution business generated revenue of approximately RMB 484.42 million, an increase of approximately 11.87% compared to the previous year, accounting for approximately 32.79% of total revenue[16]. - Revenue from piped gas sales was approximately RMB 438,206,000, representing an increase of approximately RMB 67,740,000 or 18.29% compared to the same period last year, with sales volume reaching approximately 202.21 million m³, an increase of approximately 17.31%[22]. - Revenue from gas distribution business was approximately RMB 527,953,000, an increase of approximately RMB 195,886,000 or 58.99% compared to the same period last year, accounting for approximately 35.74% of total revenue[35]. - Revenue from cylinder gas supply business was approximately RMB 414,878,000, a decrease of approximately RMB 25,332,000 or 5.75% compared to the same period last year, with a sales volume of approximately 51,527 tons, down approximately 35.19%[29]. - The company’s food ingredients supply and FMCG business generated revenue of approximately RMB 49,954,000, accounting for approximately 3.38% of total revenue[37]. Cost and Expenses - The overall gross profit margin decreased to approximately 10.42%, down 4.36 percentage points from 14.78% in the previous year, attributed to rising costs of sales and services[9]. - Selling and distribution expenses decreased to approximately RMB 68,427,000 from RMB 73,308,000 in 2021, a decrease of approximately RMB 4,881,000 due to cost control measures[56]. - Administrative expenses increased to approximately RMB 67,400,000 from RMB 62,627,000 in 2021, an increase of approximately RMB 4,773,000 mainly due to higher salaries[56]. - Finance costs decreased to approximately RMB 2,038,000 from RMB 2,932,000 in 2021, a reduction of approximately RMB 894,000[56]. Customer Growth - As of June 30, 2022, the accumulated number of connected residential household customers was 519,666 units, representing a growth of approximately 6.01% compared to the previous year[17]. - The accumulated number of connected commercial and industrial customers was 11,125 units, reflecting a growth of approximately 7.33% compared to the same period last year[17]. - The company added 12,746 new residential users and 282 new commercial users during the period, with total residential users reaching 519,666, an increase of approximately 6.01% year-on-year[19]. Economic Outlook - The Group remains cautious about future economic development due to ongoing global uncertainties, including the US-China trade war and the impact of the coronavirus pandemic[64]. - The Group maintains a cautious outlook on future economic development due to ongoing negative factors such as the US-China trade war, the COVID-19 pandemic, and the Russia-Ukraine conflict[67]. - The Group's management remains confident in the long-term healthy development of China's economy despite recent challenges[71]. Acquisitions and Investments - The company acquired a 70% equity interest in Kunming Shengjian Hengtong Gas Products Co., Ltd. for a total consideration of RMB 9,352,000 in March 2022[41]. - The net assets of the acquired company were approximately RMB 13,360,000, subject to adjustment upon completion of the initial accounting for the business combination[43]. - The company acquired property, plant, and equipment amounting to approximately RMB 36,319,000 during the six months ended June 30, 2022, down from RMB 61,087,000 in the same period of 2021[167]. Segment Performance - The Group operates in four main segments: piped gas transmission and distribution, cylinder gas supply, gas distribution, and food ingredients supply and FMCG[121]. - Segment revenue from external customers for piped gas transmission and distribution was RMB 484,421,000, cylinder gas supply was RMB 414,878,000, gas distribution was RMB 527,953,000, and food ingredients supply was RMB 49,954,000, totaling RMB 1,477,206,000[126]. - The segment profit for piped gas transmission and distribution was RMB 39,133,000, while the gas distribution segment incurred a loss of RMB 5,439,000[126]. Cash Flow and Financial Position - For the six months ended June 30, 2022, the net cash used in operating activities was RMB (2,394,000), a decrease from RMB 23,600,000 in the same period of 2021[101]. - The net cash used in investing activities was RMB (20,432,000), compared to RMB (79,115,000) in the prior year, indicating a reduction in investment outflows[101]. - Cash and cash equivalents at the end of the period were RMB 529,047,000, down from RMB 540,369,000 at the end of June 2021[101]. - Total current liabilities increased to RMB 626,222, compared to RMB 586,389 at the end of 2021, indicating a rise in short-term financial obligations[88]. Trade and Receivables - Trade receivables (net of allowance for credit loss) rose to RMB 97,710,000 as of June 30, 2022, compared to RMB 52,925,000 as of December 31, 2021, reflecting a significant increase of 84.6%[171]. - The gross carrying amount of trade receivables was approximately RMB 297,214,000 as of June 30, 2022, up from RMB 242,715,000 at the end of 2021, indicating a growth of 22.5%[171]. - Total trade, bills, and other receivables and prepayments amounted to RMB 261,902,000 as of June 30, 2022, compared to RMB 204,644,000 at the end of 2021, representing an increase of 28%[173].