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 | --- | --- | |----------------------------------------------------------------------------- ...

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) 2019 年 報 是最天堂 C & Feccess ) 0 中国天然气集团 国天然气 果 国 电视频道 中国天然气集团助力中海邮气化红旗舰 目 錄 公司資料 主席報告 管理層討論及分析 董事及高級管理層履歷詳情 企業管治報告 董事會報告 環境・社會及管治報告 獨立核數師報告 綜合損益表 綜合全面收益表 綜合財務狀況表 綜合權益變動表 綜合現金流量表 綜合財務報表附註 財務概要 2 3 6 13 16 | --- | --- | |-------|-------| | | | | 24 | | | 30 | | | 46 | | | 51 | | | 53 | | | Ed | | | 56 | | | 57 | | | 59 | | | | 154 | 二零一九年年육 中國天然氣集團有限公司 公司資料 | --- | --- | |-----------------------------------------------|------------------- ...