Revenue and Profitability - Revenue for the year ended December 31, 2023, was RMB 7.725 billion, a slight increase of 2.4% from RMB 7.543 billion in the same period last year[2]. - The company achieved a net profit of RMB 506.3 million for the year, compared to RMB 469.3 million in the previous year, marking an increase of 7.9%[10]. - The company’s gross profit was RMB 1.453 billion, up from RMB 1.393 billion in the previous year[10]. - Operating profit for the year was RMB 1,037,692 thousand, compared to RMB 936,808 thousand in 2022, indicating an increase of about 10.8%[25][26]. - The net profit for the year ended December 31, 2023, was RMB 506,277 thousand, up from RMB 469,272 thousand in 2022, reflecting a growth of approximately 7.9%[25][26]. - The gas retail business generated revenue of RMB 5.120 billion, an increase of 4.4% year-on-year, with industrial and commercial user gas sales revenue reaching RMB 3.481 billion, up 4.8%[46]. - The gas wholesale business revenue was RMB 1.029 billion, reflecting a significant growth of 24.5% compared to RMB 826 million in the previous year[47]. User Growth and Market Presence - The company added over 280,000 residential users during the year[2]. - Retail gas sales volume reached 1.741 billion cubic meters, up 4.5% from 1.666 billion cubic meters in the previous year[2]. - Cumulative pipeline gas users reached 5,599,925, marking a growth of 5.8% year-on-year[44]. - The company added 305,610 new pipeline gas users, a decrease of 14.1% from the previous year, with residential users in towns dropping by 75.8%[44]. - As of December 31, 2023, the group operates 69 city gas projects, serving over 5.55 million urban and rural households and more than 40,000 industrial and commercial users[6]. Financial Position and Liabilities - Total assets decreased to RMB 15.691 billion from RMB 15.959 billion year-on-year[13]. - Total liabilities as of December 31, 2023, amounted to RMB 9,578,703, a decrease from RMB 10,136,064 in the previous year, reflecting a reduction of approximately 5.5%[15]. - The group’s total equity decreased by approximately 1.7% year-over-year, indicating a need for strategic financial management[15]. - The group’s borrowings rose to RMB 3,687,581, compared to RMB 2,915,286 in the previous year, marking an increase of approximately 26.4%[15]. - The group’s current liabilities, including accounts payable and other payables, increased to RMB 980,052 from RMB 1,161,991, showing a significant rise of approximately 20%[15]. Dividends and Shareholder Returns - The proposed final dividend for 2023 is RMB 0.1082 per share, with a total dividend of RMB 0.1764 per share for the year[2]. - The proposed final dividend for the year ended December 31, 2023, is RMB 0.1082 per share, totaling approximately RMB 106,240,000, compared to RMB 0.11 per share in 2022, which amounted to RMB 105,336,000[42]. - The board proposed a final dividend of RMB 10.82 per share, totaling RMB 17.64 per share for the fiscal year ending December 31, 2023, including an interim dividend[58]. Strategic Initiatives and Future Outlook - The company aims to enhance gas supply capacity and promote the transformation from "gas" to "energy" services, focusing on renewable energy and comprehensive energy services[4]. - The company is committed to expanding its low-carbon energy business in response to the national "dual carbon" strategy and the "3060" goals[6]. - The company plans to leverage opportunities from the national "carbon peak and carbon neutrality" strategy to transition towards comprehensive clean energy services[9]. - The company plans to strengthen safety management and risk assessment in gas supply, ensuring the safety of urban gas operations[4]. Financial Reporting and Compliance - The group has adopted several new accounting standards, including HKFRS 17 on insurance contracts, which may impact future financial reporting[19]. - The group’s financial statements are prepared based on historical cost, with adjustments for fair value measurements, ensuring compliance with applicable financial reporting standards[18]. - KPMG has confirmed that the figures in the preliminary results announcement are consistent with the audited financial statements for the year ending December 31, 2023[62]. - The annual report for the fiscal year ending December 31, 2023, will be published on the Hong Kong Stock Exchange and the company's website[63].

Natural Gas Production and Consumption - For the six months ended June 30, 2023, the Group's natural gas production reached 115.5 billion m³, representing a year-on-year increase of 5.4%[7] - The apparent natural gas consumption in China amounted to 194.9 billion m³, reflecting a year-on-year growth of 6.7%[7] - The first half of 2023 saw a stable growth in both natural gas production and imports, indicating a rebound in the domestic natural gas market[7] - The company anticipates a stable and positive trend in natural gas demand due to socio-economic recovery and favorable energy policies in the second half of 2023[50] Financial Performance - Revenue for the first half of 2023 reached RMB 3,966,651, an increase of 5.9% compared to RMB 3,744,711 in the same period of 2022[13] - Gross profit attributable to owners was RMB 622,106, reflecting a 2.7% increase from RMB 605,712 year-on-year[13] - Basic earnings per share rose to RMB 0.19, up 11.8% from RMB 0.17 in the previous year[13] - Profit attributable to owners of the Company was RMB 187 million, marking a year-on-year increase of 9.1% compared to RMB 171 million for the same period last year[30] - The profit for the period ended June 30, 2023, was RMB 186,651, compared to RMB 171,111 for the same period in 2022, reflecting an increase of 9.1%[105] - The total comprehensive income for the six months ended June 30, 2023, was RMB 197,630, compared to RMB 186,279 for the same period in 2022, showing a growth of 6.8%[105] Revenue Breakdown - Retail business revenue increased by 6.7% to RMB 2,581 million from RMB 2,420 million year-on-year[20] - Wholesale business revenue surged by 50.4% to RMB 621 million from RMB 413 million year-on-year[20] - Revenue from engineering construction services decreased by 22.9% to RMB 566 million from RMB 734 million year-on-year, while revenue from urban gas construction and services increased by 5.2% to RMB 401 million[20] - Revenue from external customers for natural gas retail was RMB 2,581,431,000, while wholesale natural gas revenue was RMB 620,902,000[120] Capital Expenditure and Financing - Capital expenditure for the six months ended June 30, 2023, was RMB 139 million, financed by operating cash flows and bank borrowings[35] - The Group's total borrowings amounted to RMB 7,491 million, with 57.9% classified as non-current liabilities and 42.1% as current liabilities, resulting in a gearing ratio of 62.8%[37] - Interest expense on borrowings for the six months ended June 30, 2023, was RMB 203 million, reflecting a 36.4% increase compared to the same period last year[39] - The Group's financing strategy includes diversified arrangements to lower finance costs and appropriate hedging measures to manage exchange rate risks[38] Social Responsibility and Sustainability - The Group has emphasized its social responsibility in ensuring supply for people's livelihood while focusing on the gas industry[11] - The Group's performance reflects a commitment to the green, low-carbon transformation aligned with national energy policies[6] - The group is committed to integrating green management into its operations to enhance sustainable management levels[56] - The Group is dedicated to fulfilling its social responsibility while advancing its development around greening, marketization, and professionalization[56] Shareholder Information - As of June 30, 2023, Mr. Zhang Yingcen holds a long position of 555,899,300 shares, representing 56.62% of the company's total issued share capital[63] - The company has a significant concentration of ownership, with major shareholders holding substantial percentages of the total issued shares[71] - The company is required to maintain a register under Section 336 of the SFO, which records substantial shareholders' interests[75] Dividends - The Board declared an interim dividend of RMB 6.82 cents per share for the six months ended 30 June 2023[91] - The interim dividend will be paid in Hong Kong dollars on or about 30 November 2023 to shareholders registered by 31 October 2023[91] - The final dividend for the year 2022 was declared at RMB 11.00 cents per share, totaling approximately RMB 89,179,000, down from RMB 148,031,000 in 2021[192] Employee Information - The Group employed 3,007 employees as of June 30, 2023, with a training coverage rate of 100% for all employees[40] - The Group has implemented a transparent compensation management system to motivate employees and enhance long-term growth[40] Market and Industry Developments - The National Development and Reform Commission has initiated measures to implement a price linkage mechanism for natural gas, which is expected to improve market conditions[9] - The ongoing reforms in the oil and gas sector are aimed at stabilizing gas prices and promoting healthy industry development[9] - The Group is actively developing new energy businesses to enhance gas supply capabilities and achieve high-quality development in the gas industry[11] Cash Flow and Liquidity - Cash generated from operations for the six months ended June 30, 2023, was RMB 427,292, compared to a negative RMB 47,447 in the same period of 2022[111] - Net cash generated from operating activities was RMB 325,400, a significant increase from a negative RMB 186,099 in the prior year[111] - Cash and cash equivalents at the end of the period stood at RMB 1,252,876, up from RMB 1,169,751 at the end of June 2022[112]

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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 ...

Financial Performance - Tian Lun Gas Holdings Limited reported a revenue increase of 15% year-over-year, reaching HKD 1.2 billion for the fiscal year 2022[8]. - The company achieved a net profit of HKD 300 million, representing a 10% increase compared to the previous year[8]. - Total revenue for 2022 was RMB 7,542,859, a slight decrease from RMB 7,650,345 in 2021[31]. - Profit before income tax for 2022 was RMB 670,124, down from RMB 1,362,804 in 2021, with net profit for the year at RMB 469,272 compared to RMB 1,028,114 in 2021[31]. - The gross profit margin for 2022 was 18.5%, a decrease from 23.3% in 2021, while the net profit margin was 6.2% compared to 13.4% in 2021[34]. - For the year ended December 31, 2022, the Group recorded operating revenue of RMB 7,543 million, which was basically equal to the same period of last year[51]. - Revenue from gas retail business increased by 18.3% to RMB4,905 million, up from RMB4,146 million in the previous year[68]. - Revenue from engineering construction services decreased by 36.6% to RMB1,409 million, down from RMB2,222 million in the previous year[69]. - Revenue from gas wholesale business decreased by 14.9% to RMB826 million, down from RMB971 million in the previous year[69]. - The Group's revenue from other businesses, primarily from value-added services, increased by 29.2% to RMB403 million[74]. - The total dividend for the year ended 31 December 2022 amounts to RMB18.35 cents per share, which includes an interim dividend of RMB7.35 cents per share[147]. Market Expansion and Strategy - The company plans to expand its market presence in the Greater Bay Area, targeting a 25% increase in market share by 2025[8]. - The company plans to expand its market presence and enhance its service offerings in the coming years[35]. - The company is exploring potential acquisitions in the renewable energy sector to diversify its portfolio[8]. - The Group aims to achieve business growth through internal growth, strategic investments, and acquisitions, with potential adjustments to strategies based on market conditions[134]. - The Group plans to enhance cooperation with government platforms and large state-owned enterprises to expand clean energy operations in rural areas[58]. - The Group aims to focus on low-carbon energy business as a strategic direction in response to national energy transformation trends[58]. Customer and User Growth - User data showed a growth in customer base by 20%, with total users reaching 1.5 million[8]. - The Group added 350,737 residential users for the year ended 31 December 2022, bringing the cumulative number of residential users to 5,252,003 households[54]. - The total number of pipeline gas users increased to 5,294,315, representing a 7.2% growth compared to the previous year[61]. - The number of township residential users reached 1,942,692, showing a 3.6% increase year-on-year[61]. Environmental and Safety Initiatives - The company has outlined a strategic goal to achieve a 30% reduction in carbon emissions by 2030[8]. - The company established an ESG Committee in 2022 to improve governance structure and integrate ESG concepts into operational strategies[40]. - The Group has been actively promoting green measures and improving employees' awareness of environmental protection[138]. - The Group has adopted relevant environmental protection standards and measures to comply with laws and regulations related to environmental protection[137]. - The Group's urban gas operation and transmission business distributed a total of 2,671 million m³ of natural gas in 2022, helping to reduce emissions from approximately 4.452 million tons of coal[137]. Financial Health and Assets - Total assets increased to RMB 9,976,642 in 2022 from RMB 9,889,619 in 2021, with current assets rising to RMB 5,982,092[31]. - The current ratio improved to 117.7% in 2022 from 114.5% in 2021, indicating better short-term financial health[34]. - The company’s equity attributable to owners increased to RMB 5,507,945 in 2022 from RMB 5,218,179 in 2021[31]. - The Group's total borrowings as of 31 December 2022 amounted to RMB7,203 million, with a gearing ratio of 63.5%[80]. Governance and Management - The Company has adopted and complied with all code provisions of the Corporate Governance Code for the period from 1 January 2022 to 31 December 2022[98]. - The audit committee reviewed and discussed the annual consolidated results and financial statements for the year ended 31 December 2022[99]. - The external auditor, PricewaterhouseCoopers, issued an unqualified opinion on the consolidated financial statements[100]. - The Group's strategic planning is led by Mr. Zhang Yingcen, who has over 26 years of management experience in the gas industry[102]. - The Group aims to enhance its organizational structure and promote refined management to improve leadership capabilities[44]. Shareholder Information - The final dividend for the year ended 31 December 2022 is recommended at RMB11.00 cents per share, down from RMB14.57 cents per share in 2021, with a total dividend of RMB18.35 cents per share including the interim dividend[89]. - The controlling shareholder agreed to withhold the undistributed final dividend of RMB18,829 thousand to support the Company's development[149]. - The Company has maintained a public float of not less than 25% as required by the Listing Rules[195]. - The Company has complied with the Corporate Governance Code throughout the year ended December 31, 2022[197]. Risks and Challenges - The Group is exposed to financial risks including foreign currency risk, interest rate risk, and liquidity risk, which are monitored by management[129]. - The Group's performance is influenced by various factors, including overall market and economic conditions, and will adjust development plans accordingly[133]. - The Group's management will consider delaying, revising, or abandoning growth strategies if market conditions change or insufficient funds are generated[134].

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 澄清公佈 茲提述天倫燃氣控股有限公司（「本公司」）日期為二零二三年三月三十日的截至二零二二 年十二月三十一日止年度全年業績公佈（「該公佈」）。除文義另有所指外，本公佈所用詞 彙與該公佈所界定者具有相同涵義。 本公司董事會（「董事會」）澄清，該公佈第1頁的概要框出現手民之誤。 該公佈指，「建議派付二零二二年末期股息每股人民幣11.00分。二零二二年累計派息每股 人民幣18.56分。」該句應更正如下： 建議派付二零二二年末期股息每股人民幣11.00分。二零二二年累計派息每股人民幣18.35 分。 除上文所披露者外，該公佈的所有其他資料及內容均維持不變。 承董事會命 天倫燃氣控股有限公司 主席 張瀛岑 中國鄭州，二零二三年三月三十一日 - 1 - 於本公佈日期，執行董事為張瀛岑先生（主席）、冼振源先生（行政總裁）、劉民先生及李 濤女士；非執行 ...

Financial Data and Key Metrics Changes - The company reported its annual performance for 2022 during the earnings call, indicating a focus on financial results and key metrics [1] Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the document [1] Market Data and Key Metrics Changes - The document did not include information on market data or key metrics changes [1] Company Strategy and Development Direction and Industry Competition - The management team, including the Executive Director and CEO, participated in the earnings call, suggesting a commitment to discussing the company's strategic direction and competitive landscape [1] Management's Comments on Operating Environment and Future Outlook - Management's insights on the operating environment and future prospects were not detailed in the document [1] Other Important Information - The earnings call was conducted online, emphasizing the company's adaptability in communication with investors and analysts [1] Q&A Session All Questions and Answers - The document does not contain any specific questions or answers from the Q&A session [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 截至二零二二年十二月三十一日止年度 | --- | --- | |-------|----------------------------------------------------------------------------| | | | | | 截止二零二二年十二月三十一日止年度業績概要： | | • | 營業收入為人民幣 75.43 億元，與去年同期人民幣 76.50 億元基本持平。其 | | | 中，銷氣收入增長 12.0% 至人民幣 57.31 億元，增值業務收入增長 24.1% 至 3.33 | | | 億元。 | | • | 零售業務銷氣量為 16.66 億立方米，較去年同期 15.90 億立方米，增長 4.8% ...