Financial Performance - The company reported a revenue of HKD 128,622,000 for the six months ended September 30, 2023, compared to HKD 128,606,000 for the same period in 2022, reflecting a slight increase of 0.01%[2] - The company incurred a loss before tax of HKD 58,463,000 for the six months ended September 30, 2023, compared to a loss of HKD 81,890,000 in the same period of 2022, indicating an improvement of approximately 28.7%[2] - The total comprehensive loss for the period was HKD 43,317,000, significantly reduced from HKD 138,414,000 in the previous year, marking a decrease of about 68.7%[3] - The company reported a basic and diluted loss per share of HKD 0.82 for the six months ended September 30, 2023, compared to HKD 1.28 for the same period in 2022, reflecting an improvement of approximately 36%[3] - The company reported a loss of approximately HKD 58.5 million for the reporting period, a decrease of 27.5% from approximately HKD 80.6 million in the previous period[41] Assets and Liabilities - The company’s cash and cash equivalents increased to HKD 53,726,000 as of September 30, 2023, up from HKD 31,769,000 as of March 31, 2023, representing a growth of approximately 69%[4] - Non-current assets totaled HKD 1,043,606,000 as of September 30, 2023, down from HKD 1,095,417,000 as of March 31, 2023, indicating a decrease of about 4.7%[4] - The company’s total liabilities decreased to HKD 1,217,126,000 as of September 30, 2023, from HKD 1,243,890,000 as of March 31, 2023, showing a reduction of about 2.2%[5] - The company’s net asset value increased slightly to HKD 95,791,000 as of September 30, 2023, compared to HKD 94,093,000 as of March 31, 2023, reflecting a growth of approximately 1.8%[6] Revenue Breakdown - Revenue from natural gas sales was HKD 102,331,000 for the six months ended September 30, 2023, compared to HKD 87,281,000 in the previous year, representing an increase of approximately 17.2%[10] - The company’s logistics service revenue decreased to HKD 25,642,000 from HKD 39,862,000 year-on-year, indicating a decline of about 35.6%[10] - For the six months ending September 30, 2023, the company achieved wholesale natural gas sales of 11,748 tons, generating revenue of approximately HKD 48.96 million[28] - Retail natural gas sales reached 9,723 tons during the same period, resulting in revenue of approximately HKD 53.37 million[28] - The company's logistics division transported a total of 40,057,708 tons-kilometers, with 96% serving external customers, generating revenue of approximately HKD 25.64 million[28] Expenses and Costs - The cost of sold inventory was HKD 129,914,000, down from HKD 137,787,000 year-over-year, indicating a decrease of approximately 5.3%[12] - Sales costs for the reporting period were approximately HKD 129.9 million, a decrease of 5.7% from approximately HKD 137.8 million in the previous period[33] - The company's gross loss improved to approximately HKD 1.3 million, a reduction of 85.9% compared to a gross loss of approximately HKD 9.2 million in the previous period[34] - Administrative expenses were approximately HKD 37.5 million, a decrease of 30.6% from approximately HKD 54 million in the previous period, primarily due to effective control of general operating expenses[37] - Financial costs were approximately HKD 15.7 million, a decrease of 6.6% from approximately HKD 16.8 million in the previous period, mainly due to savings from lease liabilities[39] Employee and Management Changes - The company’s employee costs, including directors' remuneration, decreased to HKD 22,564,000 from HKD 34,706,000, a reduction of approximately 34.9%[12] - As of September 30, 2023, the total number of employees increased to 362 from 336 on March 31, 2023, with employee costs amounting to approximately HKD 22.6 million, a decrease from HKD 34.7 million in the same period last year[51] - A significant management team adjustment was made in October 2023 to enhance business development in the clean energy sector[33] - A new management team was appointed on October 2, 2023, consisting of eight members with 19 to 21 years of experience in the natural gas industry, indicating a strategic shift aimed at enhancing growth and efficiency[52] Strategic Developments - The company is focusing on strategic partnerships to expand distribution channels and explore smart applications in clean energy[32] - An investment cooperation agreement was signed on October 16, 2023, to establish a project company in China, with the company holding 70% equity in Shaanxi Hezhizexi New Energy Technology Co., Ltd., marking a strategic expansion into distributed heating services[53] - A five-year original design manufacturer cooperation agreement was established with Qiwite Solar Group, with a minimum annual procurement amount of RMB 100 million for equipment and materials related to the heating project[53] Corporate Governance - The board of directors is committed to maintaining good corporate governance practices and has adopted the corporate governance code as per the listing rules[58] - The audit committee has been established in accordance with the corporate governance code, consisting of three independent non-executive directors[60] - The board of directors includes three executive directors and three independent non-executive directors, ensuring a diverse governance structure[61] Miscellaneous - The company did not recommend an interim dividend for the six months ended September 30, 2023, consistent with the previous year[15] - The company has terminated its securities trading business and transferred unclaimed client assets to the High Court on June 14, 2023[21] - The company has not made any significant investments or acquisitions during the reporting period[54] - The company's stock trading name changed to "China HK Power Smart Energy Group Limited" effective November 23, 2023, while the stock code remains "931"[53]

Financial Performance - The company recorded a cash loss of approximately HKD 60.8 million for the year, a 37% improvement compared to a cash loss of HKD 96.6 million last year[5]. - Overall loss for the year was approximately HKD 181 million, representing a 9.5% improvement from the previous year's loss of about HKD 200 million[5]. - The company recorded operating revenue of approximately HKD 211.9 million for the year, a decrease of 51% compared to HKD 432.5 million for the previous year[16]. - The company reported a net loss of approximately HKD 181 million for the year, compared to a net loss of HKD 199.6 million in the previous year[26]. - The overall gross loss for the year was approximately HKD 16.1 million, an improvement of 52.8% from HKD 34.1 million in the previous year, with a gross loss margin of 7.6%[18]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the last fiscal year, representing a growth of 15% year-over-year[57]. - Total revenue for the year ended March 31, 2023, was HKD 211,850,000, a decrease of 51.0% compared to HKD 432,547,000 in the previous year[199]. - The company reported a net loss of HKD 180,987,000, compared to a net loss of HKD 199,568,000 in the previous year, indicating a reduction in losses[199]. - Basic and diluted loss per share for the year was HKD 2.96, compared to HKD 3.52 in the previous year[199]. - Other comprehensive loss for the year was HKD 57,818,000, compared to a comprehensive loss of HKD 146,957,000 in the previous year[200]. Business Strategy and Operations - The company plans to launch a RMB 20 billion rural revitalization gas supply pilot project to enhance rural ecological environment governance[6]. - The company aims to strengthen its core business in the end-user market and accelerate the application of clean energy in large industrial parks[6]. - The company has established a large customer base and solid business network in China, positioning itself to capitalize on opportunities from falling LNG prices[6]. - The company is focused on developing a green business ecosystem based on clean energy applications, marking a significant milestone in regional growth[4]. - The company has transitioned its focus from wholesale to end-user operations, supported by comprehensive LNG storage facilities[4]. - The company is collaborating with CNOOC to secure stable gas supply at favorable prices, enhancing its growth platform[4]. - The company is planning new clean energy supply centers and gasification projects in Hunan and Shaanxi provinces, indicating ongoing market expansion efforts[14]. Market Challenges and Risks - The company experienced challenges in the LNG retail and logistics business due to COVID-19 restrictions and competitive market conditions[5]. - The company is optimistic about the long-term prospects of its LNG business despite ongoing market challenges[5]. - The company faces risks related to macroeconomic fluctuations and industry cyclicality, which could adversely affect business growth and profitability[35]. - The company is exposed to foreign exchange risks due to its operations primarily in China, with potential negative impacts from currency fluctuations against the Hong Kong dollar[37]. - The auditor highlighted significant uncertainties regarding the group's ability to continue operations due to the reported losses and current liabilities[191]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to environmental sustainability, focusing on efficient resource utilization and promoting recycling practices[127]. - The environmental, social, and governance (ESG) report outlines the company's initiatives and performance in these areas, emphasizing its commitment to sustainable development[129]. - The company has established an ESG working group to collect relevant data and assess risks, reporting directly to the board[130]. - The company has confirmed compliance with applicable laws and regulations, with no significant violations reported during the year[128]. - The company has established strict environmental policies to reduce energy consumption and greenhouse gas emissions, aligning with national energy policies[140]. - The company actively engages with stakeholders to understand and respond to their concerns regarding compliance and financial performance[134]. Employee Management and Development - The group has a total of 336 employees as of March 31, 2023, with 233 males and 103 females[165]. - Employee turnover rates are 52% for males and 41% for females, with a total turnover rate of 50% in China[166]. - The group implements a five-day work week with eight-hour workdays, providing paid leave ranging from 5 to 15 days based on tenure[168]. - Employee compensation is linked to performance, with a management system that allows for both increases and decreases based on company performance[168]. - The group has established a comprehensive employee management system to ensure compliance with labor laws and to eliminate child and forced labor[164]. - The group recorded a total of 9,240 training hours for employees in the current year[175]. Corporate Governance - The board of directors has committed to maintaining high standards of corporate governance, ensuring compliance with regulatory requirements[54]. - The board consists of eight members, including two executive directors, three non-executive directors, and three independent non-executive directors[60]. - The board held six regular meetings and one shareholders' meeting during the year, with all directors attending all meetings[62]. - The company has adopted a code of conduct and compliance manual for employees and directors to ensure ethical standards[59]. - The board is responsible for overseeing the company's financial and operational performance, as well as ensuring effective internal control systems[59]. Financial Position and Liabilities - As of March 31, 2023, the company's property, plant, and equipment amounted to approximately HKD 447.9 million[27]. - The total interest-bearing bank and other borrowings as of March 31, 2023, were approximately HKD 591.4 million, up from HKD 563.1 million in 2022, with HKD 88.3 million due within one year[30]. - The company's equity attributable to owners decreased to approximately HKD 64.8 million as of March 31, 2023, compared to HKD 223.9 million in 2022[30]. - The debt-to-equity ratio increased significantly to 628.6% as of March 31, 2023, from 175.6% in 2022, reflecting a decrease in equity attributable to owners[31]. - As of March 31, 2023, the group's net current liabilities amounted to HKD 494,775,000, raising concerns about its ability to continue as a going concern[191]. Revenue Sources and Customer Relations - As of March 31, 2023, the company recorded retail sales of liquefied natural gas (LNG) at 12,843 tons, a decrease from 21,497 tons in 2022, contributing approximately HKD 113.17 million to total revenue, which accounts for 53.4%[10]. - The company’s major customers accounted for approximately 51.7% of total revenue, with the largest customer contributing about 20.7%[105]. - The company has established procedures to address customer complaints promptly and effectively[96]. - The company emphasizes product quality and corporate reputation, ensuring compliance with relevant laws and maintaining customer communication[181].

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分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 CHINA LNG GROUP LIMITED 中國天然氣集團有限公司* （於開曼群島註冊成立之有限公司） （股份代號：931） 截至二零二三年三月三十一日止年度之年度業績公告 中國天然氣集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬公司（統 稱「本集團」）截至二零二三年三月三十一日止年度（「本年度」）之綜合業績。 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 128,606 thousand, a decrease of 57.0% compared to HKD 299,038 thousand for the same period in 2021[7] - The company reported a loss before tax of HKD 81,890 thousand, a reduction from HKD 97,995 thousand in the same period last year[7] - Total comprehensive loss for the period was HKD 138,414 thousand, compared to HKD 89,026 thousand in the previous year[8] - The adjusted pre-tax loss for the group was HKD 80,604,000 for the six months ended September 30, 2022, an improvement from a loss of HKD 97,995,000 in the same period of 2021[26] - The group reported a basic loss per share of HKD 0.0128 for the six months ended September 30, 2022, compared to a loss of HKD 0.0162 in the same period of 2021[31] - The group reported a loss of approximately HKD 80.6 million for the period, a decrease of 17.8% compared to a loss of approximately HKD 98 million in the previous period[82] Revenue Breakdown - For the six months ended September 30, 2022, the revenue from the liquefied natural gas (LNG) business was HKD 127,143,000, a decrease from HKD 297,122,000 in the same period of 2021, representing a decline of approximately 57.3%[21] - The financial services and other segment reported revenue of HKD 1,463,000 for the six months ended September 30, 2022, down from HKD 1,916,000 in the prior year, a decrease of about 23.6%[21] - The total revenue for the group for the six months ended September 30, 2022, was HKD 128,606,000, compared to HKD 299,038,000 for the same period in 2021, reflecting a decline of approximately 57.0%[22] Assets and Liabilities - Non-current assets decreased to HKD 1,098,466 thousand as of September 30, 2022, from HKD 1,222,419 thousand as of March 31, 2022[9] - Current assets totaled HKD 299,605 thousand, down from HKD 364,305 thousand as of March 31, 2022[9] - As of September 30, 2022, the total current liabilities amounted to HKD 696,627,000, a decrease of 6.7% from HKD 746,894,000 as of March 31, 2022[10] - The total non-current liabilities decreased slightly to HKD 509,323,000 from HKD 519,216,000, reflecting a reduction of 1.7%[10] - The company's net asset value as of September 30, 2022, was HKD 192,121,000, down from HKD 320,614,000 as of March 31, 2022, indicating a decline of 40.0%[10] Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2022, was HKD 36,082,000, significantly up from HKD 13,742,000 for the same period in 2021, representing a 162.5% increase[13] - The company recorded a tax refund of HKD 51,528,000 included in the net cash flow from operating activities for the six months ended September 30, 2022[13] - The company reported a net cash outflow from investing activities of HKD 8,057,000 for the six months ended September 30, 2022, compared to a much larger outflow of HKD 60,468,000 in the same period of 2021[13] Operational Changes - The company has ceased its securities brokerage business and is in the process of transferring unclaimed client assets to the High Court[14] - The company is engaged in the sale and distribution of liquefied natural gas (LNG) and has stopped providing securities brokerage services during this period[14] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[5] Employee and Management Costs - The group’s employee costs, including directors' remuneration, were HKD 34,706,000 for the six months ended September 30, 2022, down from HKD 56,499,000 in the same period of 2021, a decrease of approximately 38.7%[26] - Total compensation for key management personnel was HKD 7,664,000 for the six months ended September 30, 2022, down from HKD 12,745,000 in the previous year[59] Shareholder Information - As of September 30, 2022, the company has 5,643,797,090 shares issued, with Dr. Jian holding 3,572,781,139 shares, representing approximately 63.3% ownership[102] - Dr. Jian is the sole major shareholder and serves as the Chairman, Executive Director, and CEO of the company[102] - The company did not declare an interim dividend for the six months ended September 30, 2022, consistent with the prior year[29] Strategic Initiatives - The group plans to begin trial operations of a re-gasification project in Hubei province in December 2022, ensuring stable natural gas supply for winter heating[68] - A strategic partnership is being established to supply LNG at approximately 15% below current market prices, enhancing cost competitiveness[68] - The group aims to collaborate with Sinopec and CNOOC on LNG logistics and infrastructure projects to promote green development[71] Governance and Compliance - The company has adopted corporate governance practices in line with the listing rules and believes it has complied with all relevant provisions during the reporting period[95] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2022[110] Miscellaneous - The document primarily serves as an acknowledgment rather than a detailed financial analysis[111] - The report is dated November 30, 2022[111] - The chairman of the board is Jian Zhijian[111]

Financial Performance - The company recorded total revenue of HKD 432.5 million for the fiscal year ending March 31, 2022, a decrease of 44.2% compared to the previous year[9]. - The group recorded operating revenue of approximately HKD 432.5 million, a decrease of 44.2% compared to HKD 775.2 million in the previous year, primarily due to a decline in demand for wholesale liquefied natural gas (LNG) amid rising global gas prices[26]. - Point-to-point LNG supply (retail) generated approximately HKD 138.7 million in revenue, down 23.3% from HKD 181 million in the previous year, mainly due to production interruptions from power restrictions affecting domestic industrial customers[26]. - Wholesale LNG trading revenue was approximately HKD 176.2 million, a decrease of 55.9% from HKD 399.8 million in the previous year, impacted by reduced domestic demand and LNG price volatility[26]. - The logistics segment recorded revenue of approximately HKD 116.893 million, contributing 27% to total revenue, with a total transportation mileage of 207,511,093 ton-kilometers, of which 31.9% was internal transportation[20]. - The company reported a total distributable reserve of approximately HKD 92,503,000 as of March 31, 2022, down from HKD 528,580,000 in the previous year[141]. - The board does not recommend the distribution of any dividends for the current year, consistent with the previous year[131]. - The net loss for the year was approximately HKD 199.6 million, compared to a net loss of HKD 109.4 million in the previous year[37]. Business Operations and Strategy - The company continues to hold the largest liquefied natural gas transportation fleet in China and has established the most comprehensive liquefied natural gas energy centers in rural areas[9]. - The company plans to expand its business in liquefied natural gas retail, trade, and logistics, particularly targeting rural enterprises and residential users[10]. - The company aims to collaborate with strategic partners to develop hydrogen energy alongside its liquefied natural gas operations[10]. - The company has established a joint venture with China National Offshore Oil Corporation to enhance storage efficiency for imported liquefied natural gas[9]. - The company has sold a 50% stake in one of its liquefied natural gas transportation fleet companies to Sinopec, laying the groundwork for a distribution network[9]. - The company is focusing on integrating liquefied natural gas business through joint sales and delivery services to create a diversified LNG industry chain[9]. - The company is collaborating with the largest telecommunications company in China to develop its "Beautiful Country, Green Come First" project, which includes IoT applications[12]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance efficiency and performance, ensuring shareholder interests are protected[74]. - The board regularly reviews corporate governance practices to meet stakeholder expectations and comply with increasingly stringent regulatory requirements[74]. - The company has appointed a new company secretary, who is also the Chief Financial Officer, responsible for overseeing financial and internal controls[72]. - The company has a diverse board with members holding various independent non-executive director positions across multiple listed companies[66][68][69][70][71]. - The company emphasizes the importance of experienced directors, with members having over 20 years of investment and management experience[69][70]. - The company has been recognized for its commitment to corporate governance, receiving accolades such as the Bronze Bauhinia Star from the Hong Kong SAR government[66]. - The company actively participates in the development of the Hong Kong technology ecosystem through investments in fintech, AI, and smart city initiatives[70]. - The company has a strong focus on compliance with listing rules and regulations, ensuring transparency and accountability in its operations[72]. Risk Management - The group actively manages risks including credit risk, liquidity risk, interest rate risk, operational risk, and legal compliance risk through comprehensive due diligence and multi-tier approval processes[50]. - The board is responsible for establishing, maintaining, and reviewing the group's risk management and internal control systems to protect shareholder interests and company assets[111]. - The group has developed a risk management policy that includes the identification, assessment, and management processes for key business risks[112]. - The board continuously reviews the effectiveness and adequacy of the risk management and internal control systems with the assistance of the audit committee[112]. - The group has no internal audit department and relies on external consultants for annual reviews and assessments of the risk management and internal control systems[112]. Environmental, Social, and Governance (ESG) - The company is committed to environmental sustainability, focusing on efficient resource utilization and promoting recycling practices[170]. - The environmental, social, and governance (ESG) report covers the group's liquefied natural gas (LNG) business in China, which is the main source of revenue for the group[172]. - The ESG report is prepared in accordance with the Hong Kong Stock Exchange's ESG Reporting Guide, ensuring compliance with relevant principles[173]. - The report period spans from April 1, 2021, to March 31, 2022, detailing the group's ESG activities and challenges during this timeframe[175]. - Stakeholder engagement is a core part of the group's sustainable development efforts, with various communication channels established to address stakeholder concerns[175]. - The group has implemented effective management policies and internal control systems for ESG matters, aligning disclosures with reporting guidelines[179]. - Key performance indicators (KPIs) are used to assess the group's ESG performance, including metrics on greenhouse gas emissions and energy management[179]. - The group aims to expand the scope of its disclosures as its data collection systems mature and sustainable development efforts deepen[172]. Employee and Management - The total employee count was 628 as of March 31, 2022, a decrease from 779 in 2021, with employee costs amounting to approximately HKD 116.7 million, down from HKD 135.8 million in 2021[56]. - The company emphasizes the importance of maintaining strong relationships with employees, customers, and business partners for sustainable development[132]. - The management is responsible for providing explanations regarding the company's financial status and business outlook to the board[109]. - New directors receive comprehensive onboarding training to understand the company's operations and regulatory responsibilities[88]. Financial Position - As of March 31, 2022, the group's property, plant, and equipment amounted to approximately HKD 506.8 million, reflecting the completion of major construction projects[38]. - As of March 31, 2022, the group's trade and other receivables amounted to approximately HKD 198.2 million, a decrease from HKD 216.7 million in 2021, primarily due to a reduction in revenue[40]. - The group's cash and cash equivalents were approximately HKD 26.6 million as of March 31, 2022, down from HKD 68.4 million in 2021[41]. - Interest-bearing bank and other borrowings totaled approximately HKD 601.6 million as of March 31, 2022, compared to HKD 549.2 million in 2021, with HKD 88.2 million due within one year[43]. - The debt-to-equity ratio as of March 31, 2022, was 187.7%, reflecting the group's reliance on external capital for funding investments[44]. - Total capital commitments amounted to approximately HKD 286.2 million as of March 31, 2022, down from HKD 380.7 million in 2021, primarily related to construction projects and machinery purchases[47]. Shareholder Relations - The company emphasizes effective communication with shareholders and potential investors to enhance investor relations and ensure timely access to comprehensive information[117]. - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting within two months of the request[123]. - The company recognizes the importance of timely and unfiltered disclosure of information to assist shareholders in making informed investment decisions[117]. Stock Options and Incentives - The company adopted a stock option plan on August 30, 2019, aimed at incentivizing eligible participants to contribute to the group's value, with a validity of 10 years[158]. - Under the stock option plan, the maximum number of shares that can be issued upon exercise of options granted to each participant in any 12-month period shall not exceed 1% of the company's issued share capital[160]. - As of March 31, 2022, a total of 163,790,000 stock options were outstanding, with 110,000,000 options granted during the year[160]. - The exercise price for stock options granted ranges from HKD 0.248 to HKD 0.53, with specific options having different exercise periods[161]. - The stock options granted to employees and directors are structured to align their interests with the company's performance, enhancing overall value[158].

中 國 天 然 氣 集 團 有 限 公 司 CHINA LNG GROUP LIMITED (於開曼群島註冊成立之有限公司) (股份代號：931) 美麗鄉鎮 綠色先行 BEAUTIFUL TOWNS/ GREEN PRIORITY 中期報告 2021/22 廣水市項目 浮梁勝項目 邵陽縣項目 Electric at 目錄 公司資料 簡明綜合損益表 簡明綜合全面收益表 簡明綜合財務狀況表 簡明綜合權益變動表 簡明綜合現金流量表 簡明綜合財務報表附註 管理層討論及分析 其他資料及企業管治 2 3 4 5-6 7-8 9 10-40 41-52 53-56 DE NOR an 1 中期報告2021/22 • 中國天然氣集團有限公司 公司資料 | --- | --- | |-------------------------------------------|------------------------------------------------------------------------------| | 董事會 | 法定代表 | | 執行董事 | 簡志堅博士 | | 簡志堅博士 （主席） 李繼賢先生 ...

美麗鄉鎮 綠色先行 BEAUTIFUL TOWNS/ GREEN PRIORITY Guangshui City Project Fuliang County Project Shaoyang County Project 年 報 Annual Report 2020/21 中 國 天 然 氣 集 團 有 限 公 司 CHINA LNG GROUP LIMITED (股份代號 : 931) 美麗鄉鎮 綠色先行 BEAUTIFUL TOWNS/ GREEN PRIORITY 年報 2020/21 ANNUAL REPORT 2020/21 廣水市項目 浮梁縣項目 邵陽縣項目 Toletely 目錄 公司資料 2 主席報告 3 管理層討論與分析 5 董事履歷詳情 12 企業管治報告 15 董事會報告 23 環境、社會及管治報告 29 獨立核數師報告 45 綜合損益表 50 綜合全面收益表 51 綜合財務狀況表 52 綜合權益變動表 54 綜合現金流量表 55 綜合財務報表附註 57 財務概要 142 1 年報 2020/21 中國天然氣集團有限公司 公司資料 | --- | --- | |------------ ...

中國天然氣集團有限公司 CHINA LNG GROUP LIMITED (於開曼群島註冊成立之有限公司) (股份代號：931) 中 期 報 告 2020/21 治 理 霧 霾 / 改 善 環 境 CONTROL SMOG / IMPROVE THE ENVIRONMENT 美麗中國踐行者/綠色環保志願者/能源革命助力者 8 | --- | --- | |----------------------|-------| | 公司資料 2 | | | | | | 簡明綜合損益表 3 | | | 簡明綜合全面收益表 | 4 | | 簡明綜合財務狀況表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量表 | 8 | | 簡明綜合財務報表附註 | 9 | | 管理層討論及分析 45 | | | 其他資料及企業管治 | 59 | 1 中期報告2020/21 • 中國天然氣集團有限公司 目錄 公司資料 | --- | --- | |------------------------------------------------------|--------------------------------- ...

Natural Gas Consumption and Business Development - In 2019, the apparent consumption of natural gas in China reached approximately 310 billion cubic meters, representing a year-on-year growth of about 10%[8]. - The group has developed 16 large-scale station projects, with plans to provide gas supply to over 50,000 users through four newly acquired pipeline operating rights[9]. - The group aims to increase user growth by over 200,000 in the coming year, following the successful implementation of LNG sales strategies[9]. - The management team is focused on enhancing the application of clean energy, specifically natural gas, in mainland China, with a commitment to sustainable development and strategic transformation[10]. - The company developed 16 large-scale infrastructure projects in 2019, with 13 ongoing projects, including various clean energy utilization projects and gas supply centers[25]. Financial Performance - The liquefied natural gas (LNG) business reported a loss for the year ending March 31, 2020, primarily due to strategic adjustments and significant fixed asset depreciation costs[5]. - The company's total revenue for the year ended March 31, 2020, was approximately HKD 1,857,438,000, a decrease of 30.5% compared to the 15-month period ended March 31, 2019[36]. - The revenue from financing leasing services for LNG vehicles and equipment increased by approximately 25.8% to HKD 13,213,000, while revenue from LNG sales and distribution decreased by about 32% to HKD 1,752,781,000 due to reduced demand caused by the domestic pandemic[36]. - Other income and losses decreased by approximately 88% to HKD 1,009,000, primarily due to losses from the sale of properties, plants, and equipment[37]. - Selling and distribution expenses decreased by approximately 49.4% to HKD 19,470,000, attributed to a restructuring of the domestic sales team, reducing staff from 98 to 49[38]. - Administrative expenses decreased by approximately 38.6% to HKD 116,682,000, resulting from a reduction in management personnel from 223 to 124[41]. - Financial costs increased by 15.3% to HKD 32,693,000, mainly due to the adoption of HKFRS 16, which increased interest expenses on finance leases[42]. - Income tax expenses decreased by 67.8% to HKD 2,218,000, due to reduced operating profits of certain subsidiaries in Hong Kong[43]. - As of March 31, 2020, the group's cash and bank balances totaled approximately HKD 50,031,000, down from HKD 100,388,000 in the previous year[44]. - The group's debt-to-equity ratio increased to 218% as of March 31, 2020, compared to 119% in the previous year[44]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, believing it provides a suitable framework for managing business risks and ensuring accountability[80]. - The company has adhered to the corporate governance code throughout the year, with specific deviations noted in the securities trading standards for directors[81]. - The board consists of seven directors, including two executive directors, two non-executive directors, and three independent non-executive directors[83]. - The company has established a board diversity policy to enhance performance quality, considering factors such as age, experience, cultural and educational background, and professional expertise[90][91]. - The remuneration committee is responsible for establishing transparent procedures for determining the remuneration policies of all directors and senior management, taking into account the performance of the group and individual executives[95]. - The audit committee consists of three independent non-executive directors who oversee the financial reporting process and risk management[61]. - The company has received annual independence confirmation letters from all independent non-executive directors, affirming their independent status[85]. Environmental and Social Responsibility - The environmental policy aims to reduce the impact on the environment by promoting the use of clean energy, particularly LNG, which can reduce carbon dioxide emissions by 25% and carbon monoxide by 97%[130]. - The company is committed to improving environmental, social, and governance performance in collaboration with various stakeholders[176]. - The company has developed effective management policies and monitoring systems for environmental, social, and governance matters[178]. - The company emphasizes the importance of environmental management and strives to protect the environment as part of its social responsibility[180]. - Total greenhouse gas emissions for 2020 amounted to 16,461.35 tons of CO2 equivalent, with a density of 9.04 tons of CO2 equivalent per million HKD revenue[187]. - The company produced 9.64 tons of hazardous waste, with a density of 0.005 tons per million HKD revenue[189]. - Non-hazardous waste totaled 59.35 tons, with a recycling rate of 92.5% (54.83 tons recycled)[193]. - The company has established a self-built sewage treatment system to ensure that wastewater meets discharge standards[187]. - The company actively promotes waste reduction knowledge among employees and the public to minimize environmental impact[192]. Employee Management and Development - The company emphasizes the importance of employee development and has invested resources in regular training and development programs[58]. - The group has maintained a focus on talent cultivation and recruitment as a key to its ongoing success and future development[58]. - The total employee cost for the year ended March 31, 2020, was approximately HKD 75,122,000, compared to HKD 114,771,000 for the fifteen months ended March 31, 2019, reflecting a reduction in workforce from 1,285 employees in 2019 to 878 employees in 2020[58]. - The company has a competitive compensation package for employees, which includes basic salary, discretionary bonuses, and stock options based on performance[58]. Shareholder Communication and Transparency - The company has established a shareholder communication policy to ensure timely access to clear and understandable information for shareholders and potential investors[113]. - The company encourages shareholders to submit written inquiries to the board through the company secretary[122]. - The company emphasizes effective communication and accurate information disclosure to strengthen investor confidence and facilitate constructive feedback[129]. - The group has established various channels for continuous communication with shareholders, including annual general meetings and special meetings[114].

中國天然氣集團有限公司 CHINA LNG GROUP LIMITED (於開曼群島註冊成立之有限公司) (股份代號：931) 中期報告 2019 | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|----------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 天然气果 | 渠 | | | | | | | | B | | | | | | | | | 目錄 公司資料 2 簡明綜合損益表 3 簡明綜合全面收益表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 7 簡明綜合現金流量表 8 簡明綜合財務報表附註 9 管理層討論及分析 47 其他資料及企業管治 59 1 中期報告2019 • 中國天然氣集團有限公司 公司資料 | --- | --- | |----------------------------------------------------------------------------- ...