| --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | Tian Lun Gas Holdings Limited 天倫燃氣控股有限公司 (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) | | | | | | | 股份代號Stock Code : 01600 | | | | | | | | | | | | | | | | | | | | | | | | | | | W B B 중 홈 팀 BB III BB ll 2024 INTERIM REPORT 中期報告 nn formation ...

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告全部或任何部 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） 截至二零二四年六月三十日止六個月之中期業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 截至二零二四年六月三十日止六個月業績概要： | | • | 總銷氣量為 11.00 億立方米，較去年同期 10.82 億立方米，小幅增長 1.7% 。其 中，零售銷氣量為 8.78 億立方米 ...

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告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 1600 有關 本公司截至二零二三年十二月三十一日止年度之年度報告之 補充公佈 及 有關先舊後新配售所得款項用途變動之 最新情況之公佈 茲提述天倫燃氣控股有限公司（「本公司」，與其附屬公司統稱「本集團」）日期為二零二二 年二月二十一日及二零二二年二月二十八日之公佈（「該等公佈」）、本公司二零二二年年 度報告（「二零二二年年度報告」）及本公司二零二三年年度報告（「二零二三年年度報 告」）。除文義另有所指外，本公佈所用詞彙與該等公佈及二零二三年年度報告所界定者 具有相同涵義。 延遲使用所得款項的理由 董事會謹此提供延遲使用有關屋頂光伏項目先舊後新配售所得款項的理由。誠如二零二 二年年度報告所披露，未動用所得款項約為251百萬港元，預期於二零二三年十二月三十 一日前動用。由於光伏行業政策的變化，本公司現有或潛在光伏項目的發展速度放緩， 因此，本公司未能 ...

Company Locations and Offices - The company's registered office is located in the Cayman Islands at Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman, KY1-1108[11][12] - The company's principal place of business in Hong Kong is at Unit 4601-02, 46/F, The Center, 99 Queen's Road Central, Central, Hong Kong[7][9] - The company's headquarters in China is located at 4th Floor, Tian Lun Group Building, No.6 Huang He East Road, Zheng Dong Xin District, Zhengzhou City, Henan Province, the PRC[7][15] - The company's Hong Kong branch share registrar and transfer office is Computershare Hong Kong Investor Services Limited, located at Rooms 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong[14] - The company's Cayman Islands share transfer office is Ocorian Trust (Cayman) Ltd, located at Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman, KY1-1108, Cayman Islands[13] Financial Performance - Total revenue increased from RMB 7,542,859,000 in 2022 to RMB 7,725,448,000 in 2023[27] - Net profit for the year rose from RMB 469,272,000 in 2022 to RMB 506,277,000 in 2023[27] - Gross profit margin improved slightly from 18.5% in 2022 to 18.8% in 2023[28] - Net profit margin increased from 6.2% in 2022 to 6.6% in 2023[28] - Assets gearing ratio decreased from 63.5% in 2022 to 61.0% in 2023[28] - Operating revenue for 2023 reached RMB7,725 million, a slight increase of 2.4% year-on-year[41] - Gross profit grew by 4.3% to RMB1,453 million in 2023[63] - Net profit increased by 4.9% to RMB1,169 million in 2023[63] - Urban gas business net profit rose by 21.1% to RMB1,136 million in 2023[63] - The Group's gross profit for 2023 was RMB1,453 million, a 4.3% increase from the previous year[66] - The urban gas business segment profit increased by 21.1% to RMB1,136 million in 2023[66] - The Group's net profit for 2023 was RMB506 million, a 7.9% increase year-on-year[68][71] - Core profit from the urban gas business rose 18.9% to RMB558 million in 2023[71] Gas Sales and Revenue Structure - Retail gas sales volume in 2023 was 166,835,000 cubic meters, showing a recovery from the previous year's 121,774,000 cubic meters[21] - Gas sales structure: residential users accounted for 26.5%, industrial and commercial users 52.5%, transportation users 4.5%, and wholesale business 16.5% of total gas sales volume[22] - Revenue from gas sales: residential users contributed 20.9%, industrial and commercial users 56.7%, transportation users 5.7%, and wholesale business 16.7% of total revenue[25] - Revenue structure: retail gas sales accounted for 66.3%, wholesale gas sales 13.3%, engineering construction services 13.5%, and other operations 6.9% of total revenue in 2023[29] - Retail sales volume of natural gas in 2023 was 1,741 million m³, up 4.5% compared to the previous year[44] - Revenue from gas retail business rose by 4.4% to RMB5,120 million in 2023[55] - Revenue from gas wholesale business surged by 24.5% to RMB1,029 million in 2023[57] - Engineering construction services revenue decreased by 25.8% to RMB1,045 million in 2023[61] - Revenue from other businesses increased by 32.0% to RMB532 million in 2023[65] Strategic Goals and Initiatives - Tian Lun Gas focused on residential gas safety and implemented the "National Urban Gas Safety Special Rectification Work Plan" in August 2023[31] - The company aims to become China's first-class green low-carbon energy supplier and service provider by transitioning from "gas" to "energy"[31] - Industrial and commercial gas consumption is expected to have significant growth potential, driven by economic recovery and the "dual carbon" goal[34] - Tian Lun Gas will promote the "bottled-to-piped-gas" policy and enhance urban gas pipeline coverage in old communities and urban villages[34] - The company plans to strengthen natural gas source security and improve urban gas pipeline network interconnection[34] - Tian Lun Gas will develop renewable energy, starting with household photovoltaics, and expand comprehensive energy services[35] - In 2024, the company will focus on rectifying household gas and old pipeline networks to enhance urban gas safety[36] - Tian Lun Gas will continue aging urban gas pipeline renovation and modification to ensure safe operation[37] - The Group plans to transition from gas supply to comprehensive clean energy business, leveraging the "dual carbon" strategy[48] User and Market Expansion - The Group added over 280,000 new urban gas residential users in 2023, bringing the total to 5.55 million[45] - The Group operates 69 urban gas projects across China, serving over 5.55 million households and 40,000 industrial and commercial users[40] - The Group’s operating area covers 16 provinces in China, with a total of over 5.59 million users, including 3 million in Henan Province[47] - Total pipeline gas users increased by 5.8% to 5,599,925 in 2023[53] - Natural gas sales volume grew by 9.1% to 2,085,280,000 m³ in 2023[53] Financial and Operational Risks - The Group may be exposed to financial risks including foreign currency risk, interest rate risk, and liquidity risk[122] - The Group's performance is subject to factors such as overall market and economic conditions, and the performance of property, industry, and commerce markets[126] - The Group's total borrowings as of 31 December 2023 were RMB6,801 million, with 43.3% in foreign currencies[75][76] - Finance expenses for 2023 increased by RMB68 million to RMB382 million[70] - Other losses decreased by RMB61 million to RMB44 million in 2023 due to exchange losses[67][69] Shareholder and Dividend Information - The company's stock code is 01600[17] - The Board recommended a final dividend of RMB10.82 cents per share for the year ended 31 December 2023, with a total dividend of RMB17.64 cents per share including the interim dividend[85] - The final dividend will be paid in Hong Kong dollars on or about 21 June 2024, subject to shareholder approval[87] - The register of members will be closed from 4 June 2024 to 7 June 2024 to determine shareholders' entitlement to the proposed final dividend[88] - The company's distributable reserves as of 31 December 2023 were RMB81,317,000[142][143] - The company recommended a final dividend of RMB10.82 cents per share for the year ended 31 December 2023, with a total dividend of RMB17.64 cents per share including the interim dividend[139][140] - The final dividend will be paid in Hong Kong dollars on or about 21 June 2024, subject to shareholder approval[141] Corporate Governance and Compliance - The company's auditor is KPMG, located at 8th Floor, Prince's Building, 10 Chater Road, Central, Hong Kong[10] - The company's legal adviser is Loong & Yeung, located at Room 1603, 16/F, China Building, 29 Queen's Road Central, Central, Hong Kong[16] - The company's principal bankers include China Construction Bank Corporation, Bank of China Limited, and The Hongkong and Shanghai Banking Corporation Limited[17] - The company's investor relations contact information includes telephone: 86 371 6370 7151, fax: 86 371 6397 9930, email: ir@tianlungas.com, and website: www.tianlungas.com[15][18] - The Audit Committee reviewed and discussed the annual consolidated results and financial statements for the year ended 31 December 2023[92] - The consolidated financial statements were audited by KPMG, which issued an unqualified opinion[93] - The company has complied with all code provisions of the Corporate Governance Code during the year ended 31 December 2023[195] - The company has maintained directors and senior management liability insurance policies, reviewed annually[147] - No significant contracts involving directors' material interests were entered into during the year[148][149] - The company confirmed the independence of its independent non-executive directors for the year[152][153] - Directors and senior management receive compensation in the form of fees, salaries, allowances, benefits in kind, or performance-based bonuses[154][155] - Details of directors' remuneration and the five highest-paid individuals are provided in Notes 38 and 9 of the consolidated financial statements[156] Share Ownership and Transactions - Mr. Zhang Yingcen holds 555,899,300 shares, representing 56.62% of the company's total issued share capital[158] - Mr. Zhang Daoyuan jointly holds 471,171,300 shares, representing 47.99% of the company's total issued share capital[158] - Mr. Xian Zhenyuan beneficially owns 9,000,000 shares, representing 0.92% of the company's total issued share capital[158] - Ms. Li Tao beneficially owns 3,000,000 shares, representing 0.31% of the company's total issued share capital[158] - Mr. Zhang Yingcen's spouse holds 5,722,500 shares, representing 0.58% of the company's total issued share capital[158] - Mr. Xian Zhenyuan's controlled corporation, Pleasant New Limited, holds 12,829,500 shares, representing 1.31% of the company's total issued share capital[158] - Gold Shine Development Limited, through its subsidiary Tian Lun Group Limited, holds 471,171,300 shares[159] - Mr. Zhang Yingcen wholly owns Chequers Development Limited, which holds 63,728,000 shares[159] - Mr. Zhang Yingcen wholly owns Kind Edge Limited, which holds 21,000,000 shares[159] - Tian Lun Group Limited holds 471,171,300 shares, representing 47.99% of the total shares[165] - Gold Shine Development Limited owns 60% of Tian Lun Group Limited, effectively controlling 471,171,300 shares[167] - Mr. Zhang owns 63,728,000 shares through Chequers Development Limited, representing 6.49% of the total shares[168] - Ms. Sun holds 5,722,500 shares individually and is deemed to have an interest in 555,899,300 shares through her spouse, representing 0.58% and 56.62% respectively[169] - Zhuhai Port Co., Ltd. holds 120,000,000 shares, representing 12.22% of the total shares[165] - Mr. Koo Yuen Kim holds 69,280,759 shares, representing 7.06% of the total shares[165] - The Share Option Scheme allows the company to issue options up to 10% of the total shares in issue as of the approval date[172] - The total number of shares available for issue under the New Scheme is 100,361,510, representing 10.22% of the Company's issued share capital[173] - The maximum number of shares that can be issued upon exercise of options under the New Scheme in any 12-month period must not exceed 1% of the issued shares[173] - The Share Award Scheme has a remaining life of approximately 8 years, valid until the 10th anniversary of the Adoption Date[177] - As of the report date, 12,817,500 shares were acquired by an independent trustee for the Share Award Scheme[177] - The total number of shares available for issue under the Share Award Scheme is 36,276,755, representing 3.69% of the Company's issued share capital[177] - The company repurchased 880,500 shares in January 2023 at a total cost of HK$3,654,792.11, with the highest price per share at HK$4.42 and the lowest at HK$3.80[186] - The repurchased shares in January 2023 were subsequently cancelled in April 2023[187] - The company's public float is not less than 25% as of the date of the annual report, in compliance with the Listing Rules[190] Environmental and Social Responsibility - The Group distributed a total of 2,802 million m³ of natural gas in 2023, helping reduce emissions from approximately 4.67 million tons of coal[130] - The Group has adopted relevant environmental protection standards and formulated occupational health and environmental protection measures[129] - The Group has in place health and safety systems and measures, and organises induction and on-the-job trainings on a regular basis[133] - The Group has developed a customer service guidebook and customer complaint management measures to improve customer satisfaction[136] - The Group has been in compliance with relevant laws and regulations in the PRC and Hong Kong, such as the Environmental Protection Law and the Labour Law[137] Management and Board Changes - Ms. Qin Ling resigned as general manager and executive director on March 16, 2023[97] - Ms. Qin Ling served as vice president of Tus Environmental Science and Technology Development Co., Ltd from April 2019 to May 2021[98] - Mr. Liu Jin, aged 53, resigned as an independent non-executive Director of the company on 2 June 2023[105] - Ms. Zhao Jun, aged 61, resigned as an independent non-executive Director of the company on 2 June 2023[107] - Mr. Zhang Daoyuan, aged 37, was appointed as a non-executive Director of the company on 2 June 2023[103] - Mr. Lei Chunyong, aged 46, was appointed as an independent non-executive Director on 2 June 2023, with over 20 years of experience in accounting and auditing, currently a partner at Zhongxingcai Guanghua Certified Public Accountants LLP[110] - Ms. Zhou Lin, aged 46, was appointed as an independent non-executive Director on 2 June 2023, currently an associate professor at Henan University of Economics and Law, specializing in management accounting fields such as strategic maps and budget management[111] - Mr. Xu Weidong, aged 54, is a deputy general manager responsible for the Group's New Energy Business Division, with 32 years of experience in gas enterprise management[112] - Mr. Zhang Linxiong, aged 56, is the Chairman of Baiyin Region, Huzhu, and Datong Region, with 34 years of experience in gas enterprise management[112] - Mr. Tam Tak Kei Raymond, aged 61, is the company secretary, with extensive experience as an independent non-executive director and company secretary for various listed companies[113][114] Auditor and Financial Statements - PricewaterhouseCoopers resigned as the company's auditor on 10 November 2023, and KPMG was appointed as the new auditor effective from 28 November 2023[193] - Details of the company's property, plant, and equipment are provided in Note 14 of the consolidated financial statements[144] - Bank borrowings details are outlined in Note 29 of the consolidated financial statements[146] - A summary of the annual results of the Group for the last five financial years is set out on the last page of the report[138] Customer and Supplier Relationships - Sales to the five largest customers accounted for 15.1% of the Group's turnover in 2023, with the largest customer contributing 6.1%[184] - Purchases from the five largest suppliers accounted for 39.6% of the Group's purchases in 2023, with the largest supplier contributing 12.8%[184] - The Group has established long-term good cooperation with many suppliers and assesses successful bidders on a half-yearly basis[136] Capital Expenditure and Investments - Capital expenditure for 2023 was RMB328 million, with RMB323 million allocated to urban gas business improvements[73][74] - The Group held cash and cash equivalents of RMB964 million as of 31 December 2023[74] - No material acquisitions, disposals, or significant investments were made by the Group during the year ended 31 December 2023[180] Share Issuance and Proceeds - Tian Lun Group Limited subscribed 50,000,000 shares at HK$8.40 per share, representing 4.95% of the company's enlarged issued share capital[80] - The net proceeds from the Subscription amounted to approximately HK$414 million, with a net price of HK$8.28 per Placing Share[81] - As of 31 December 2023, the Group utilized HK$297 million of the proceeds, representing 71.7% of the net proceeds, with HK$117 million remaining unutilized[82] - The proceeds were allocated as follows: HK$290 million for Rooftop Photovoltaics Projects, HK$83 million for Clean Energy Heating Services Projects, and HK$41 million for General Working Capital[83] Legal and Compliance - The Group had no material contingent liabilities as of 31 December 2023[84] - The company has been in compliance with relevant laws and regulations in the PRC and Hong Kong, such as the Environmental Protection Law and the Labour Law[137] Management Experience and Background - Mr. Zhang Yingcen has over 27 years of management experience, including 22 years in gas enterprise management[95] - Mr. Xian Zhenyuan has 20 years of experience in gas enterprise management and joined the company in 2003[96] - Mr. Liu Min has extensive experience in clean energy industry, financial management, and project development[99] - Mr. Liu Min served as executive director and deputy chairman of Hanergy Thin Film Power Group Limited from May 1999 to September 2015[99] - Ms. Li Tao joined the company in April 2011 and is responsible for financial

天伦燃气（1600 HK） | 2024年4月2日 香港股市 | 公用事业 | 天然气 更新报告 天伦燃气（1600 HK） 评级：中性 FY23 盈利转跌为升，但现价已反映合理估值 目标价：5.05 港元 股票数据（更新至2024年3月28日） 零售销气量低于预期，财务费用增长较快 FY23盈利转跌为升，股东净利润同比上升7.9%至4.8亿元(人民币，下同)，但仍低于我们 现价 5.04港元 预测6.6亿元27.1%，主因 (一)零售销气量同比增长率为4.5%，皆分别低于公司指引及我 总市值 4,948/70百万 港元 们预测的6%-8%及7.1%；(二)批发销气量同比上升40.2%，低于我们预测增长45.0%；(三) 流通股比例 15.81% 由于美元及港币借贷利率上升，财务费用同比增长 20.4%至 3.9 亿元，高于我们预测 3.1 已发行总股本 981.89百万 亿元26.3%。截至去年12月底，外币借贷占总借款的43.3%(美元34.1%；港币8.2%)。 52周价格区间 3.08-6.18港元 去年公司给出的指引，部份运营表现基本符合，例如(一)销气毛差0.48元/方(指引：0.48- 3个月日 ...

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） 全年業績公佈 截至二零二三年十二月三十一日止年度 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 截止二零二三年十二月三十一日止年度業績概要： | | • | 營業收入為人民幣 77.25 億元，較去年同期人民幣 75.43 億元，小幅增長 2.4% 。 其中，銷氣收入增長 7.3% 至人民幣 61.49 億元，增 ...

TIANLUN GA! Tian Lun Gas Holdings Limited 天 倫 燃 氣 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code : 01600 2023 INTERIM中期 REPORT 報告 000 ... 100 0 0 0 0 0 == ��� itt and William (11/1/1/1/1 amma :: UILL . 000 oll 000 i i 品 . # 000 in " 00 ly t D C 0 O 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 ...

[1 -> 29] 各位投资者分析师大家上午好欢迎各位参加天伦燃气2023年中期业绩发布会我是今天的会议主持人曹珊珊本次中期业绩发布会以线上的形式来为各位汇报2023年中期业绩情况感谢各位一直以来对天伦燃气的关注与支持参加本次会议的公司管理层包括执行董事兼行政总裁陈振源先生 [30 -> 59] 执行董事兼总经理刘明先生执行董事兼副总经理李涛女士今天会议将分为两个部分第一部分是业绩介绍环节将由我为各位介绍公司2023年中期的业绩情况第二部分是问答环节管理层将会与线上各位做进一步的业绩交流欢迎各位投资者和分析师进行提问提问方式是按新意见进行提问 [60 -> 87] 现在有请各位打开本次业绩发布会的演示材料如果有哪位朋友没有材料也可以在天伦燃气官方网站上下载和阅览下面请允许我代表公司为各位分享天伦燃气2023年中期业绩2023年上半年全球宏观经济环境压力依旧存在但截止目前 [87 -> 116] 全球经济在2023年所表现出的弹性也预示着全球经济增长的光明前景从国内来看中国经济始终保持稳步向上的基调国内生产总值同比增长5.5%随着国内经济持续复苏国际天然气价格回落天然气需求增速触底回升推动了国内天然气行业回暖天 ...

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告全部或任何部 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） 截至二零二三年六月三十日止六個月之中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 截至二零二三年六月三十日止六個月業績概要： | | • | 總銷氣量為 10.82 億立方米，較去年同期 9.68 億立方米，增長 11.8% 。其中， | | | 零售銷氣量為 8.72 億立方米，較去年同期 8.35 億立方米，增長 4.5% 。 | | • ...

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 1600 補充公佈 茲提述天倫燃氣控股有限公司（「本公司」）於二零二三年四月十九日刊發之截至二零二二 年十二月三十一日止年度之年報（「該年報」）。除本公佈另有界定者外，本公佈所用詞彙 與該年報所界定者具有相同涵義。除本公司該年報所披露之內容外，本公司願藉此就本 公司之股份獎勵計劃澄清及補充以下資料。 誠如本公司日期為二零二一年八月二十六日之公佈所披露，本公司於二零二一年八月二 十六日（「採納日期」）採納股份獎勵計劃（「股份獎勵計劃」）。 股份獎勵計劃之參與者應涵蓋(i)本集團任何成員公司之任何董事及高級管理層；及(ii)本 集團任何成員公司之任何僱員。 董事會可不時全權酌情決定挑選任何參與者（不包括除外參與者）作為獲選參與者參與股 份獎勵計劃，並可在相關條款及條件的規限下全權酌情決定將予授出的獎勵（包括但不限 於（倘適用）相關獲選參與者支付董事會 ...