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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 天倫燃氣控股有限公司 呈交日期: 2025年10月8日 II. 已發行股份及/或庫存股份變動 | 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) | 01600 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 981,885,108 | | 0 | | 981,885,108 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 981,885,108 | | 0 | | 981,885,108 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | ...

有關向股份過戶登記處遞交過戶文件以登記收取股息權利之 最後時限的澄清公佈 茲提述天倫燃氣控股有限公司（「本公司」）截至二零二五年六月三十日止期間之中期報告 （「中期報告」）。除文義另有所指外，本公佈所用詞彙與中期報告所界定者具有相同涵義。 茲提述本公司日期均為二零二五年八月二十八日之中期業績公告（「中期業績公告」）及股 息公告表格（「股息公告表格」）。 本公司謹此澄清，如中期報告第25頁所述，為決定享有獲派發建議中期股息之資格，將 已填妥之股份過戶文件連同相關股票送交本公司香港股份過戶登記分處登記之最後時限 應不遲於「二零二五年十月二十三日（星期四）」而非「二零二五年十月二十四日（星期五）」 下午四時三十分。 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佈之內容概不負責，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佈全部或任何部分內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 Tian Lun Gas Holdings Limited 天 倫 燃 氣 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1600） 本澄清公佈 ...

天倫燃氣控股有限公司 Tian Lun Gas Holdings Limited (Incorporated in the Cayman Islands with limited liability) 股份代號Stock Code : 01600 (於開曼群島註冊成立的有限公司) 2025 INTERIM REPORT 中期報告 天倫燃氣控股有限公司 Tian Lun Gas Holdings Limited 目錄 CONTENTS 管理層討論及分析 2 Management Discussion and Analysis 16 Other Information 27 Interim Condensed Consolidated Statement of Comprehensive Income 28 Interim Condensed Consolidated Balance Sheet 30 Interim Condensed Consolidated Statement of Changes in Equity 32 Interim Condensed Consolidated Statement o ...

在论坛重磅发布的英华奖案例评选中，天伦燃气(1600.HK)凭借卓越的成长性和市场表现，荣获"英华港 股成长案例示范奖"。评委会指出，该公司在城乡燃气清洁能源领域的持续创新、稳健的财务表现及 ESG体系建设，为港股市场提供了高成长性企业的发展范式。 2025年以来，天伦燃气(1600.HK)股价表现亮眼，自年初以来，股价累计涨幅27.14%，并自4月低点起趋 势性上涨，累计涨幅已翻倍，截止9月15日，收盘价报4.67元，港股燃气板块中强势领涨。据悉，公司 上半年营收同比增长10.6%至42.42亿元，中期股息每股4.6分，派息率高达35%。销气量增长15.3%，增 值服务收入激增27.6%，形成双轮驱动。同时，多家机构看好其成长性，中泰国际上调评级至"增持"， 长江证券亦点评公司股息率长期位于燃气行业领先水平。高股息与业绩弹性共同推动公司价值重估，彰 显其作为高股息资产的增长潜力。 9月16日至17日，由中国基金报主办的"2025中国资本市场发展论坛暨上市公司论坛"在上海成功举办。 本次论坛以"洞见价值 智创未来"为主题，汇聚监管机构、专家学者及知名企业代表，共同探讨资本市 场改革新路径。 此次，中国基金报的 ...

9月16日至17日，由中国基金报主办的"2025中国资本市场发展论坛暨上市公司论坛"在上海成功举办。 本次论坛以"洞见价值 智创未来"为主题，汇聚监管机构、专家学者及知名企业代表，共同探讨资本市 场改革新路径。 在论坛重磅发布的英华奖案例评选中，天伦燃气(1600.HK)凭借卓越的成长性和市场表现，荣获"英华港 股成长案例示范奖"。评委会指出，该公司在城乡燃气清洁能源领域的持续创新、稳健的财务表现及 ESG体系建设，为港股市场提供了高成长性企业的发展范式。 2025年以来，天伦燃气(1600.HK)股价表现亮眼，自年初以来，股价累计涨幅27.14%，并自4月低点起趋 势性上涨，累计涨幅已翻倍，截止9月15日，收盘价报4.67元，港股燃气板块中强势领涨。据悉，公司 上半年营收同比增长10.6%至42.42亿元，中期股息每股4.6分，派息率高达35%。销气量增长15.3%，增 值服务收入激增27.6%，形成双轮驱动。同时，多家机构看好其成长性，中泰国际上调评级至"增持"， 长江证券亦点评公司股息率长期位于燃气行业领先水平。高股息与业绩弹性共同推动公司价值重估，彰 显其作为高股息资产的增长潜力。 此次，中国基金报的 ...

Core Viewpoint - Tianlun Gas (01600) has shown a strong upward trend in its stock price since April, leading the gas industry sector, with the gas stock index reaching a maximum increase of 17.33% during the same period, indicating a favorable market outlook for the gas sector in the second half of the year [1][2]. Company Performance - Tianlun Gas reported a revenue of 4.242 billion RMB for the first half of 2025, reflecting a year-on-year growth of 10.6% [3]. - The company declared an interim dividend of 0.046 RMB per share, with a core profit payout ratio of 35%, demonstrating its commitment to returning value to shareholders [4]. Business Segments - The gas sales business acted as a stabilizing force, with revenue from gas sales increasing by 12.8% to 3.64 billion RMB, driven by a 15.3% increase in total gas sales volume to 1.268 billion cubic meters [6]. - Retail gas sales volume remained stable at 880 million cubic meters, supported by a 3.6% increase in pipeline gas users to 5.933 million [6][7]. - The wholesale gas sales volume surged by 74.7% to 388 million cubic meters, significantly contributing to the revenue growth [6]. Value-Added Services - Value-added services emerged as a new growth driver, with revenue reaching 231 million RMB, a year-on-year increase of 27.6%, accounting for 5.4% of total revenue [8]. - The home decoration service segment grew by 44% to 190 million RMB, indicating successful market penetration [8]. Industry Outlook - The gas industry faces a mixed environment in the first half of 2025, with opportunities arising from government investments of 800 billion RMB in gas and water infrastructure, alongside challenges of supply surplus and demand slowdown [5]. - The apparent consumption of natural gas in China decreased by 0.9% year-on-year to 2.1197 billion cubic meters, reflecting a 4.7 percentage point decline in growth compared to the same period in 2024 [5]. Future Prospects - The gas industry is expected to see improved supply-demand dynamics in the second half of the year, with potential recovery in natural gas consumption driven by economic stimulus and reduced tariff impacts [10][11]. - Tianlun Gas is well-positioned to benefit from the accelerating pricing mechanism, with its unique customer structure and geographical advantages enhancing its resilience [13][14]. - The company has outlined detailed plans for the second half of the year to ensure high-quality growth, aiming to conclude the "14th Five-Year Plan" successfully [14][15].

Core Viewpoint - Tianlun Gas (01600) has shown a strong upward trend in its stock price since April, leading the gas industry sector, with a maximum increase of 17.33% in the gas stock index during the same period, indicating a favorable market outlook for the second half of the year [1] Financial Performance - For the first half of 2025, Tianlun Gas reported a revenue of 4.242 billion RMB, reflecting a year-on-year growth of 10.6% [2] - The company declared an interim dividend of 0.046 RMB per share, with a core profit payout ratio of 35%, demonstrating its commitment to returning value to shareholders [3] Business Segments - The gas sales business acted as a stabilizing force, with revenue from gas sales increasing by 12.8% to 3.64 billion RMB, driven by a 15.3% increase in total gas sales volume to 12.68 million cubic meters [5] - Retail gas sales volume remained stable at 8.8 million cubic meters, supported by a 3.6% increase in pipeline gas users to 5.933 million, including a 5.4% increase in residential users [5][6] - The wholesale gas sales volume surged by 74.7% to 3.88 million cubic meters, significantly contributing to revenue growth [5] Value-Added Services - Revenue from value-added services reached 231 million RMB, a year-on-year increase of 27.6%, accounting for 5.4% of total revenue, with the decoration service segment growing by 44% to 190 million RMB [7] Industry Outlook - The gas industry is expected to see an improvement in supply-demand dynamics in the second half of the year, with potential growth in natural gas consumption driven by economic recovery and reduced tariff impacts [9][10] - The implementation of a pricing mechanism is anticipated to enhance profit margins for gas companies, benefiting Tianlun Gas due to its favorable customer structure and geographic advantages [11][12] Strategic Positioning - Tianlun Gas's customer structure is heavily weighted towards commercial users, which positions the company to benefit from the accelerating pricing mechanism [12] - The company has a strategic advantage in its geographic location, primarily serving inland regions, which are less affected by international trade tensions, thus ensuring stable operations [13] Future Growth Potential - With a focus on solidifying its core gas business and diversifying value-added services, Tianlun Gas is poised for further growth in the second half of the year, supported by its high dividend policy [14]

Core Viewpoint - The article highlights the steady performance and growth potential of Tianlun Gas, driven by its focus on core gas business and strategic initiatives, amidst a favorable market environment for Chinese assets [1][2][18]. Financial Performance - Tianlun Gas reported a revenue of 4.24 billion RMB for the first half of 2025, marking a year-on-year increase of 10.6% [1]. - The adjusted core profit reached 129 million RMB [1]. - The gas sales business generated 3.64 billion RMB in revenue, up 12.8% year-on-year, accounting for 85.8% of total revenue, an increase from 84.3% in the previous year [4]. Business Growth - Total gas sales volume reached 1.27 billion cubic meters, a 15.3% increase year-on-year, with retail gas sales at 880 million cubic meters and wholesale gas sales at 390 million cubic meters, up 74.7% [4]. - The company added 94,150 residential users and 1,365 commercial users in the first half of 2025, bringing the total to approximately 3.92 million residential users and 53,200 commercial users, representing growth rates of 5.4% and 9.1% respectively [5]. Value-Added Services - Tianlun Gas has expanded its value-added services, achieving a revenue of 231 million RMB in the first half of 2025, a 27.6% increase year-on-year, with a gross profit of 114 million RMB, up 40.7% [6]. - The compound annual growth rate for value-added services from 2019 to 2024 exceeded 30% [6]. Dividend Policy - The company announced an interim dividend of 0.046 RMB per share, with a payout ratio of 35% of core profits, supported by cash reserves of approximately 1.185 billion RMB [9][10]. - This stable dividend policy positions Tianlun Gas as a defensive asset, appealing to long-term investors [10]. Market Position and Strategy - Tianlun Gas is well-positioned in the market due to its focus on core business and strategic initiatives, which enhance its competitive edge [4][18]. - The company is actively optimizing its gas supply sources and infrastructure to ensure reliable service, particularly during peak demand seasons [5][13]. Regulatory Environment - Recent regulatory changes in the natural gas sector are expected to enhance the profitability of Tianlun Gas, with a focus on price reforms and improved operational efficiency [11][13]. - The company anticipates a rebound in gross margins for gas sales, with management projecting a margin of 0.47 to 0.50 RMB per cubic meter for the second half of 2025 [13][14]. Investment Outlook - Tianlun Gas is viewed as a strong investment opportunity within the public utility sector, with a solid dividend yield and growth potential that surpasses traditional sectors like water and electricity [15][18]. - The company's valuation, despite recent stock price increases, still presents significant upside potential compared to industry averages [16].

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8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: 天倫燃氣控股有限公司 呈交日期: 2025年9月1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) | 01600 | 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 | HKD | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000 ...

Core Viewpoint - Tianlun Gas reported a strong performance in the first half of 2025, with significant increases in revenue and gas sales, indicating a positive growth trajectory in the gas distribution sector [6][8][14]. Performance Summary - The company achieved an operating revenue of 4.242 billion RMB, reflecting a growth of 10.6% [8]. - Sales gas revenue reached 3.640 billion RMB, with a year-on-year increase of 12.8%, while value-added business revenue was 231 million RMB, up by 27.6% [9][21]. - The total gas sales volume was 1.268 billion cubic meters, marking a 15.3% increase [11][14]. - Retail gas volume stood at 880 million cubic meters [10]. Income Structure Optimization - The income structure has shown continuous improvement, with sales gas business contributing 86% of total revenue, while engineering installation and value-added services accounted for the remaining [13]. User Growth - Cumulative urban gas user count reached 3.97 million, with an addition of 96,000 new users in the first half of 2025 [17][18]. - The total number of connected users, including rural users, was reported at 5.93 million [21]. Value-Added Business Growth - Revenue from value-added services increased by 28% year-on-year, with significant growth in the beautification business, which saw a 44% increase [21][23]. - The gross profit from value-added services rose by 41% [22]. Shareholder Returns - Since initiating dividends in 2016, the company has distributed a total of 1.605 billion RMB in dividends, with a projected core profit payout ratio of 35% for mid-2025 [25][26][27]. Performance Guidance - The company anticipates a retail gas volume growth of 1% to 2%, with a gas margin of 0.47-0.50 RMB per cubic meter [28]. - The forecast includes adding 18,000 to 20,000 new residential gas users and a growth of over 25% in value-added business revenue [28].