Core Viewpoint - The company reported a decline in revenue and profit for the six months ending June 30, 2025, primarily due to reduced sales of pipeline natural gas to industrial, residential, and commercial users, as well as decreased revenue from construction and installation services [1] Financial Performance - Revenue for the six months was RMB 180 million, a decrease of 6.9% compared to the same period in 2024 [1] - Net profit was RMB 13.4 million, down 14.1% from the previous year [1] - The board has decided not to declare an interim dividend for the six months ending June 30, 2025 [1] Business Operations - The decline in revenue is attributed to reduced sales of pipeline natural gas to terminal users across various sectors [1] - There was also a noted decrease in revenue from construction and installation services [1]

交 运 燃 气 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1407） 截 至2025年6月30日止六個月的中期業績公告 財務摘要 – 1 – • 截 至2025年6月30日 止 六 個 月（「本期間」）收 入 為 人 民 幣180.2百萬元， 較2024年同期減少6.9%。 • 本期間毛利為人民幣28.6百 萬 元，與 2024 年同期的人民幣28.1 百 萬 元 相 比 保 持 穩 定。本 期 間 毛 利 率 為15.9%，較2024年同期 的 14.5%有所改善。 • 本期間純利為人民幣13.4百 萬 元，較2024年同期減少14.1%。 • 董事會決議不宣派截至2025年6月30日 止 六 個 月 的 中 期 股 息。 未經審核中期業績 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 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 ...

Group 1 - Huiguo Energy Technology Limited increased its stake in JiaoYun Gas (01407) by acquiring 22 million shares at a price of HKD 0.578 per share, totaling HKD 12.716 million [1] - After the acquisition, Huiguo Energy's total shareholding in JiaoYun Gas reached 110 million shares, representing a 25% ownership stake [1]

Group 1 - Huiguo Energy Technology Limited increased its stake in Jiao Yun Gas (01407) by acquiring 22 million shares at a price of HKD 0.578 per share, totaling HKD 12.716 million [1] - After the acquisition, Huiguo Energy's total shareholding in Jiao Yun Gas reached 110 million shares, representing a 25% ownership stake [1]

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。 JY GAS LIMITED 交 运 燃 气 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1407） 董事會會議日期 交運燃氣有限公司（「本公司」）董事（「董事」及各自為一名「董事」）會（「董事會」） 宣佈，本公司將於2025年8月27日（星 期 三）舉 行 董 事 會 會 議，以（其 中 包 括）(i) 批准本公司及其附屬公司截至2025年6月30日止六個月的中期業績公告 及 其 刊 發；及(ii)考 慮 派 付 中 期 股 息（如 有）。 承董事會命 交運燃氣有限公司 董事會主席 欒林江 香 港，2025年8月15日 於 本 公 告 日 期，(1)主 席 兼 執 行 董 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 交運燃氣有限公司 (*僅供識別)(於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01407 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 | US ...

Group 1: Company Overview - Jiangyun Gas Co., Ltd. is a natural gas operator located in Gaomi City, Shandong Province, with exclusive rights to operate natural gas sales and related businesses in the administrative area of Gaomi City, covering approximately 70% of the total administrative area [2] - The company has over 16 years of experience in the natural gas industry, focusing on providing high-quality and safe natural gas to the public in Gaomi City [2] - The primary source of revenue for the company is from the sale of natural gas, which includes pipeline natural gas, compressed natural gas, and liquefied natural gas, with pipeline natural gas sales being the main business [2] Group 2: Financial Performance - As of December 31, 2024, Jiangyun Gas reported total operating revenue of 370 million yuan, a year-on-year decrease of 8.19%, while net profit attributable to the parent company was 30.02 million yuan, an increase of 22.34% [1] - The company's gross profit margin stands at 15.6%, and the debt-to-asset ratio is 46.66% [1] Group 3: Market Position and Valuation - The current price of Jiangyun Gas shares is 0.64 HKD, reflecting a 28.0% increase with a trading volume of 11.918 million shares and a turnover of 8.0555 million HKD, with a volatility of 44.0% [1] - Over the past month, Jiangyun Gas has seen a cumulative increase of 20.83%, and a year-to-date increase of 35.93%, outperforming the Hang Seng Index by 27.95% [1] - The company's price-to-earnings (P/E) ratio is 6.79, ranking 7th in the oil and gas industry, which has an average P/E ratio of -1.39 and a median of 1.52 [1]

Group 1 - A total of 153 stocks reached a 52-week high as of July 17, with notable performers including Huayu Expressway (01823), MediWecare (02159), and Jiaoyun Gas (01407) achieving high rates of 28.36%, 28.28%, and 23.83% respectively [1] - The top three stocks by closing price that reached their 52-week high are Huayu Expressway at 0.750, MediWecare at 1.250, and Jiaoyun Gas at 0.550 [1] - Other significant stocks that reached their 52-week high include Modern Chinese Medicine Group (01643) at 0.750, and Kintor Pharmaceutical (09939) at 2.680, with high rates of 22.73% and 21.72% respectively [1] Group 2 - The report also lists additional stocks that reached their 52-week high, including Fudan Zhangjiang (01349) at 4.400 and Foryou Holdings (08269) at 0.530, with high rates of 20.56% and 14.29% respectively [1] - The data indicates a strong performance in the healthcare and pharmaceutical sectors, with multiple companies achieving significant price increases [1] - The overall trend suggests a bullish sentiment in the market, particularly for stocks in the healthcare and technology sectors [1]

Financial Performance - The company reported a total revenue of RMB 307.2 million from pipeline natural gas sales, a decrease of 2.1% compared to RMB 313.7 million for the year ended December 31, 2023[14]. - Revenue from retail customer sales decreased by 3.1% to RMB 295.5 million compared to RMB 305.0 million for the year ended December 31, 2023[15]. - Revenue from wholesale customer sales increased by 34.5% to RMB 11.7 million, up from RMB 8.7 million for the year ended December 31, 2023, driven by the addition of a new wholesale customer[16]. - Revenue from compressed natural gas and liquefied natural gas sales dropped by 31.8% to RMB 18.0 million, down from RMB 26.4 million for the year ended December 31, 2023, due to increased electric vehicle usage[17]. - Revenue from construction and installation services decreased by 21.5% to RMB 30.0 million, compared to RMB 38.2 million for the year ended December 31, 2023, as clean energy projects neared completion[18]. - Total revenue for the year was RMB 370.4 million, an 8.2% decrease from RMB 403.5 million for the year ended December 31, 2023, attributed to a slowdown in industrial activity[21]. - Gross profit decreased by 10.9% to RMB 57.8 million, down from RMB 64.9 million for the year ended December 31, 2023, reflecting the decline in revenue[22]. - The company recorded a net profit attributable to owners of RMB 30.0 million, a 22.4% increase from RMB 24.5 million for the year ended December 31, 2023, driven by reduced administrative expenses and increased other income[29]. Customer Base and Market Dynamics - The total volume of pipeline natural gas sold was approximately 87.6 million cubic meters, down 2.0% from about 89.4 million cubic meters for the year ended December 31, 2023[14]. - The customer base included 154,854 residential active users, 374 industrial active users, and 5,131 commercial active users, representing increases of approximately 6.8%, 1.4%, and 3.3% respectively compared to the previous year[10]. - The company anticipates challenges in 2024 due to a slowdown in the overall economy and reduced demand from industrial users, particularly in the textile and manufacturing sectors[11]. Operational Strategy and Projects - The company plans to continue expanding its pipeline network and clean energy projects to increase the penetration rate of natural gas supply in rural areas[9]. - The company is adapting to government policies promoting the use of natural gas as a cleaner energy source, which is expected to benefit the natural gas industry[8]. - The company received compensation from insurance institutions related to a gas explosion incident, contributing to higher net profit in 2024 compared to 2023[13]. - The average procurement cost of pipeline natural gas is aligned with market price fluctuations, with net profit and profit margins not significantly affected by market volatility due to government pricing policies[13]. Financial Management and Capital Structure - Administrative expenses reduced by 14.8% to RMB 22.4 million from RMB 26.3 million for the year ended December 31, 2023, primarily due to lower professional and consulting fees[23]. - Other income increased by 53.8% to RMB 6.0 million, compared to RMB 3.9 million for the year ended December 31, 2023, mainly due to insurance compensation received[25]. - Trade and other receivables decreased by 36.8% to RMB 89.5 million from RMB 141.7 million as of December 31, 2023, due to the repayment of loans[30]. - As of December 31, 2024, the company's capital debt ratio is 19.8%, up from 14.2% on December 31, 2023[34]. - The company has maintained a net cash position and expects sufficient cash and bank balances to meet operational needs[34]. Leadership and Management - Mr. Luan has over 20 years of experience in the natural gas industry and over 42 years in the transportation industry, with more than 27 years in operations and management[53]. - Mr. Luan Xiaolong, the CEO, has over eight years of experience in the natural gas industry and over three years in banking and corporate management[58]. - The company has a strong leadership team with Mr. Luan Linxin serving as an executive director since August 2021, focusing on overall management and supervision[59]. - The company emphasizes its leadership's experience and recognition in the industry as a key asset for future growth and development[56]. Corporate Governance and Compliance - The company has adopted the corporate governance principles and practices as outlined in the listing rules, ensuring compliance with applicable codes[144]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors[151]. - All independent non-executive directors have confirmed their independence according to the listing rules[158]. - The company has established a reporting channel for employees and other contacts to report any misconduct anonymously[145]. - The audit committee reviewed the annual performance for the year ending December 31, 2024, including the adopted accounting standards and practices[141]. Shareholder Information and Dividends - The company reported a proposed final dividend of HKD 0.037 per share, totaling approximately HKD 16.4 million for the fiscal year ending December 31, 2024[85]. - As of December 31, 2024, the company's distributable reserves for dividends amounted to approximately RMB 225.9 million[88]. - The company has 154 employees as of December 31, 2024, and has established a compensation committee to review its compensation policies[125]. Risk Management and Internal Controls - The internal control system is designed to provide reasonable assurance against material misstatements and to manage operational risks[188]. - The audit committee and risk management committee assist the board in reviewing the effectiveness of the risk management and internal control systems at least annually[191]. - The company has engaged an independent internal control consultant to review and monitor the overall operations and risk management assessments[191]. Future Outlook and Strategic Initiatives - The company is committed to promoting low-carbon energy natural gas and improving residents' quality of life[145]. - The company aims to establish measurable goals for achieving board diversity and will report on progress annually[185]. - The company is focused on investing in business to support long-term performance[145].

Financial Performance - For the fiscal year ending December 31, 2024, revenue was RMB 370.4 million, a decrease of 8.2% compared to 2023[3] - Net profit for the year was RMB 30.2 million, an increase of 19.8% from 2023, resulting in a net profit margin of 8.2% compared to 6.3% in 2023[3] - Basic earnings per share for the year were RMB 0.07, an increase of RMB 0.01 from 2023[3] - Total revenue for the year ended December 31, 2024, was RMB 370,424,000, down 8.2% from RMB 403,488,000 in 2023[18] - Gross profit decreased by 10.9% to RMB 57.8 million compared to RMB 64.9 million for the year ended December 31, 2023, with a gross margin of 15.6%[47] - The company recorded a net profit attributable to owners of RMB 30.0 million, an increase of 22.4% from RMB 24.5 million for the year ended December 31, 2023, driven by reduced administrative expenses and increased other income[54] Revenue Breakdown - Revenue from pipeline natural gas sales for the year ended December 31, 2024, was RMB 307,193,000, a decrease of 2.4% from RMB 313,669,000 in 2023[18] - Revenue from compressed natural gas and liquefied natural gas sales decreased by 31.8% to RMB 18,004,000 in 2024 from RMB 26,393,000 in 2023[18] - Revenue from retail customer sales decreased by 3.1% to RMB 295.5 million compared to RMB 305.0 million for the year ended December 31, 2023[41] - Revenue from wholesale customer sales increased by 34.5% to RMB 11.7 million compared to RMB 8.7 million for the year ended December 31, 2023, driven by the addition of a new wholesale customer[42] - Revenue from construction and installation services decreased by 21.5% to RMB 30.0 million compared to RMB 38.2 million for the year ended December 31, 2023, as clean energy projects entered the final stages[44] Dividend Policy - The board proposed a final dividend of HKD 0.037 per ordinary share for the year[3] - The company will distribute no less than 10% of the specific annual net profit as dividends under the revised dividend policy effective from March 27, 2025[3] - The proposed final dividend for the year is HKD 0.037 per share, an increase from HKD 0.033 in 2023, subject to shareholder approval[77] - The company plans to declare and distribute no less than 10% of the specific annual net profit as dividends to shareholders[83] - Any future declaration and payment of dividends will require board approval and will be reviewed periodically based on the company's operational performance and financial condition[83] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 588.6 million, an increase from RMB 549.3 million in 2023[7] - Cash and bank balances increased to RMB 224.2 million from RMB 127.5 million in 2023[6] - Trade and other receivables decreased to RMB 78.6 million from RMB 126.4 million in 2023[6] - Total liabilities increased to RMB 274.6 million from RMB 252.5 million in 2023[7] - The company reported a total of RMB 89,498,000 in trade and other receivables as of December 31, 2024, down from RMB 141,707,000 in 2023, reflecting a decrease of approximately 37%[27] Operational Insights - The company primarily engages in the sale of natural gas and related services in Shandong Province, China[8] - The company aims to improve the safety management of its natural gas business and will prioritize investments in operational safety management[35] - The company anticipates challenges in 2024 due to a slowdown in the overall economy and reduced demand from industrial users, particularly in the textile and manufacturing sectors[38] - The average procurement cost of pipeline natural gas is aligned with market price fluctuations, with net profit and profit margins not significantly affected by market volatility[39] - The company is actively expanding its pipeline network and clean energy projects in rural areas, contributing to a steady increase in its customer base[35] Financial Costs and Income - Total financial income for the year ended December 31, 2024, was RMB 1,951,000, a decrease of 19.8% from RMB 2,435,000 in 2023[22] - Total financial costs for the year ended December 31, 2024, amounted to RMB 3,133,000, significantly higher than RMB 603,000 in 2023, resulting in a net financial cost of RMB 1,182,000[22] - Financial costs increased by 416.7% to RMB 3.1 million compared to RMB 0.6 million for the year ended December 31, 2023, due to increased bank borrowings[52] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to review the annual performance[75] - The company has complied with all applicable corporate governance codes during the year, with minor deviations noted[72] - The company’s auditors have confirmed that the preliminary performance figures align with the audited consolidated financial statements for the year[76] Future Plans - The company plans to adopt new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, but these will not have a significant impact on the current or past financial performance[13] - The company is currently analyzing new regulations and assessing the impact of revised standards on its financial statements[15] - The group plans to extend the timeline for the use of unutilized net proceeds to complete ongoing projects, including the replacement of gas meters and upgrades to urban pipeline networks, without significant adverse impact on operations[69]