Financial Data and Key Metrics - Revenue in 2021 reached HKD 4.843 billion, a 33% YoY increase [2] - Gross margin improved to 18%, up by 1 percentage point YoY [2] - Net profit was HKD 410 million, a 14% YoY increase [2] - Dividend payout ratio was 30%, with a total dividend of HKD 122 million [2] Business Line Data and Key Metrics - Pipeline gas sales volume grew by 11% YoY to 1.962 billion cubic meters, with core pipeline gas sales contributing HKD 4.012 billion, a 37% YoY increase [2] - Gas transmission services contributed HKD 60.17 million in revenue, with a total transmission volume of 711 million cubic meters [2] - Engineering and gas pipeline installation services revenue increased by 19% to HKD 743 million [2] Market Data and Key Metrics - The company operates in seven provinces and two municipalities, serving 2.1825 million residential customers and 11,178 industrial and commercial customers [3] - High-pressure and sub-high-pressure pipelines increased to 636 km, while the Central Asia pipeline network expanded to 3,574 km [3] - Strong market expansion in key regions, with new projects adding 145 million cubic meters of annual gas sales [3] Company Strategy and Industry Competition - The company is transitioning towards an industrial customer-focused model, with industrial customers now accounting for 77.36% of sales, up 5.27 percentage points YoY [5] - The company aims to maintain double-digit growth in gas sales and connection businesses, with value-added services expected to become a new profit growth point [8] - The company is leveraging its unique upstream resource advantages in the Tianjin region, supported by strategic partnerships with Sinopec and other major gas suppliers [6][7] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's resilience in maintaining stable gross margins despite high gas prices, driven by cost control and pricing power [6][7] - The company expects gas prices to remain high in 2022 but is confident in maintaining double-digit growth in gas sales and stable gross margins [8][9] - The company is focusing on digital transformation and safety investments, with HKD 41 million spent on safety in 2021 [3] Other Important Information - The company completed its 14th Five-Year Plan, targeting stable annual growth of over 10% [4] - The company received the "Most Socially Responsible Listed Company" and "Best Infrastructure and Public Utilities Company" awards at the 6th Golden Hong Kong Stock Awards [4] Q&A Session Summary Question: What is the current gas penetration rate in China, and what is the theoretical ceiling under the carbon neutrality goal? [12] - The company explained that penetration rates vary by region, with significant room for growth in its 40 project areas, especially in the Tianjin Binhai New Area [13] Question: How does the company determine pricing, and what is the potential for price increases? [13] - Pricing is based on upstream gas supply contracts, procurement costs, and customer demand. The company aims to optimize cost matching and maintain competitive pricing [14][15] Question: Can the company maintain its high ROE, and are there plans to increase dividends? [15] - The company attributed its high ROE to strong upstream resource acquisition and cost control. It plans to maintain a stable dividend payout ratio of 30% of net profit [16][17] Question: What is the current scale of value-added services, and what are the future growth prospects? [18] - The company has 2.19 million residential users and is expanding value-added services for industrial and commercial customers, targeting HKD 38 million in revenue from these services in 2022 [19][20] Question: How will the company manage the impact of high global gas prices in 2022? [21] - The company expects gas prices to remain high but will leverage its upstream resource advantages and cost control measures to mitigate the impact [22][23] Question: How will the company manage financial costs amid rising interest rates? [28] - The company has optimized its debt structure, reducing overall financial costs, and is closely monitoring interest rate trends to minimize risks [29][30] Question: What is the expected price difference for industrial and commercial users in 2022, and how will high gas prices affect it? [31] - The company expects a 30-35% increase in gas prices but aims to maintain a lower price increase compared to the industry average, supported by its customer structure and cost absorption capabilities [32][33]

濱 海 投 資 有 限 公 司 BINHAI INVESTMENT COMPANY LIMITED (Incorporated in the Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號 : 2886 INTERIM REPORT 中 期 報 The board (the "Board") of directors (the "Directors") of Binhai Investment Company Limited (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the unaudited consolidated results of the Group for the six months ended 30 June 2021 (the "Period") together with the comparative unaudited figures for the corresponding ...

濱 海 投 資 有 限 公 司 BINHAI INVESTMENT COMPANY LIMITED (Incorporated in the Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號：2886 ANNUAL REPORT 年 | --- | --- | --- | |--------------|-------|------------------------------------------------------------------------------------| | | | | | | | | | | | | | 目錄 | | Content | | | | | | | | | | | | | | 公司資料 | | Corporate Information | | 公司簡介 | | Corporate Profile | | | | Financial Highlights | | 財務摘要 | | | | | | Chairman's Statement | | 主席報告 | | Management ...

濱 海 投 資 有 限 公 司 BINHAI INVESTMENT COMPANY LIMITED (於百嘉達註冊成立之有限公司) 股份代號：2886 素 达 控 t 期 版 濱海投資有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）董事（「董 事」）欣然公佈本集團截至二零二零年六月三十日止六個月（「期內」）之未經審核合併業績， 連同二零一九年同期之未經審核比較數字。本公司審核委員會已審閱未經審核簡明合併中 期財務報表。 財務摘要 | --- | --- | --- | --- | |----------|------------|------------|--------| | | 未經審核 | 未經審核 | | | | 截至 | 截至 | | | | 二零二零年 | 二零一九年 | | | | 六月三十日 | 六月三十日 | | | | 止六個月 | 止六個月 | 變幅 | | | 千港元 | 千港元 | 百分比 | | | | | | | 收入 | 1,833,801 | 1,777,979 | 3% | | 毛利 | 359,463 | 245,013 | 47% | | 期內利 ...

濱 海 投 資 有 限 公 司 BINHAI INVESTMENT COMPANY LIMITED (於百泰達註冊成立之有限公司) 股份代號：2886 达 B 2019 年報 目錄 頁 公司資料 2 公司簡介 3 財務摘要 5 主席報告 7 管理層討論與分析 10 企業管治報告 14 環境、社會及管治報告 30 董事及高級管理人員簡介 61 董事會報告 66 獨立核數師報告 82 合併損益表 89 合併全面收益表 90 合併財務狀況表 91 合併權益變動表 93 合併現金流量表 95 合併財務報表附註 97 五年財務摘要 200 1 1 濱海投資有限公司 二零一九年年報 公司資料 執行董事 張秉軍先生（主席） 高亮先生（總經理） 非執行董事 申小林先生（於二零一九年九月二十七日辭任） 張軍先生（於二零一九年九月二十七日辭任） 王剛先生 曹紅梅女士（於二零一九年九月二十七日獲委任） 彭渤女士（於二零一九年九月二十七日獲委任） 于克祥先生 獨立非執行董事 葉成慶先生太平紳士 劉紹基先生 羅文鈺教授 謝德賢先生（於二零一九年五月十日辭任） 審核委員會 劉紹基先生（主席） 葉成慶先生太平紳士 羅文鈺教授 謝德賢先生（ ...

海 濱 投 资 有 限 公 司 BINHAI INVESTMENT COMPANY LIMITED (於百鄭總註冊成立之有限公司) 股份代號:2886 泰 达 控 股 2019 f 期 報 告 濱海投資有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）董事（「董 事」）欣然公佈本集團截至二零一九年六月三十日止六個月（「期內」）之未經審核合併業績， 連同二零一八年同期之未經審核比較數字。本公司審核委員會已審閱未經審核簡明中期合 併財務報表。 未經審核 未經審核 截至 截至 二零一九年 二零一八年 六月三十日 六月三十日 百分比 止六個月 止六個月 變動 千港元 千港元 收入 1,777,979 1,618,438 10% 毛利 245,013 264,176 -7% 期內利潤 67,628 73,164 -8% 期內本公司擁有人應佔每股基本收益 5.65仙 6.1仙 -0.45仙 財務摘要 | --- | --- | --- | --- | |--------|--------------|----------------|--------| | | | | | | | 未經審核 | 經審 ...

濱 簿 投 資 有 限 公 司 BINHAI INVESTMENT COMPANY LIMITED (於百慕達註冊成立之有限公司) 股份代號：2886 泰 达 控 股 2018 年報 目錄 頁 公司資料 2 公司簡介 3 財務摘要 5 主席報告 7 管理層討論與分析 9 企業管治報告 13 環境、社會及管治報告 28 董事及高級管理人簡介 55 董事會報告 60 獨立核數師報告 77 合併損益表 83 合併損益及其他綜合收益表 84 合併財務狀況表 85 合併權益變動表 87 合併現金流量表 88 合併財務報表附註 90 五年財務摘要 198 1 1 濱海投資有限公司 二零一八年年報 公司資料 | --- | --- | |-----------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------- ...