当前，北京正着眼于碳中和目标，并研究制定供暖系统改造方案，逐步推动使用新能源替代化石能源以 保障城市供暖。北京现有供暖面积为10.58亿平方米。因此，在各类场景中，综合能源发展存在巨大机 遇，且资本市场认为节能改造板块有巨大发展潜力。有鉴于此，北燃能源与北京新奥新能源成立合资公 司将实现双方资源及技术优势的整合，从而共同把握政策驱动与市场需求带来的双重利好，推动能源转 型，实现合作共赢，并为实现碳中和目标贡献力量。 通过其与节能领域的领军企业新奥能源展开合作，本集团将抓住市场机遇，进一步拓展综合能源市场及 发展节能业务，其不仅提升本集团可持续发展能力及企业竞争力，亦增强投资者信心，以实现企业价值 的长期提升。同时，该合资企业将使本集团开拓相关综合能源利用市场，实现业务增长及拓展，推动企 业业务多元化发展，并构建综合能源服务能力，从而为本公司全体股东带来更加稳定及可持续的回报。 智通财经APP讯，北京燃气蓝天(06828)发布公告，于2025年5月19日，北燃能源(本公司一间全资附属公 司)与北京新奥新能源订立合资公司合作协议，订约双方同意成立合资公司，总注册资本为人民币 8000 万元，并应由北燃能源拥有51 ...

Financial Performance - In 2024, the company recorded revenue of RMB 1,688.4 million, a decrease of 12.8% year-on-year[9]. - The net profit attributable to shareholders for the year was RMB 85.1 million, an increase of 3.5% year-on-year[9]. - The gross profit for 2024 was RMB 49.7 million, a decrease of 15.5% from RMB 58.8 million in 2023, with a gross margin of 2.9%[19][21]. - The net profit for 2024 was RMB 84.9 million, down 8.0% from RMB 92.4 million in 2023, while the profit attributable to shareholders increased by 3.5% to RMB 85.1 million[19][21]. - The company reported a cash and cash equivalents balance of RMB 360.3 million as of December 31, 2024, a slight decrease of 0.9% from RMB 363.7 million in 2023[21]. - The total assets of the company decreased by 2.5% to RMB 4,450.6 million as of December 31, 2024, compared to RMB 4,564.4 million in 2023[21]. - The current ratio as of December 31, 2024, was 0.31, a decrease from 0.55 in 2023, indicating a decline in liquidity[55]. - The group recorded a total revenue of RMB 1,688.4 million for the year 2024, a decrease of 12.8% compared to RMB 1,935.6 million in 2023, primarily due to reduced income from natural gas trading and distribution[36]. - EBITDA for 2024 reached RMB 305.0 million, a decline from RMB 371.0 million in 2023[38]. - Other income and gains for 2024 amounted to RMB 54.8 million, down from RMB 69.7 million in 2023, including bank interest income of RMB 2.3 million and government subsidies of RMB 16.6 million[39]. - Administrative expenses for 2024 were RMB 136.3 million, slightly lower than RMB 146.8 million in 2023, indicating stable operational costs[40]. - Financing costs decreased by 36.3% to RMB 110.7 million in 2024 from RMB 173.7 million in 2023, attributed to the shift to RMB bank loans[43]. - The company has no reserves available for distribution to equity holders as of December 31, 2024[198]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the year 2024[194]. Market and Operational Highlights - China's apparent natural gas consumption reached 426.05 billion cubic meters in 2024, growing by 8% year-on-year[8]. - The total gas sales volume of the company was 546.7 million cubic meters, a decrease of 25.5% compared to 733.6 million cubic meters in 2023[19]. - The company has six urban gas projects primarily located in Guangxi Zhuang Autonomous Region and Shanxi Province, with gas sales volume of 267.8 million cubic meters in 2024, down 6.0% from 284.8 million cubic meters in 2023[22]. - The residential gas sales volume increased by 8.1% to 82.3 million cubic meters in 2024, while non-residential gas sales volume decreased by 11.2% to 185.5 million cubic meters[22]. - The total natural gas sales volume to residential and non-residential users reached 267.8 million cubic meters in 2024, a decrease of 6% compared to 2023[23]. - The total trade volume for LNG and CNG in 2024 was 269.1 million cubic meters, a decrease of 37.9% from 433.2 million cubic meters in 2023[24]. - The LNG receiving station project had a total unloading volume of 6,340.6 million cubic meters in 2024, down 8.2% from 6,906.9 million cubic meters in 2023[27]. - The company added 33,084 new gas pipeline users in 2024, bringing the total to 569,369 users, with residential users accounting for 565,467[23]. Strategic Initiatives and Acquisitions - The company acquired 49% of Beijing Unait Energy Engineering Technology Co., Ltd., enhancing its core competitiveness in the new energy sector[12]. - The company completed the acquisition of assets related to the North Seven Business Park Energy Center project, aligning with national dual carbon policy[12]. - The company is actively expanding its clean and low-carbon business and positioning itself in the new energy sector to contribute to the new energy supply structure[18]. - The acquisition of assets related to the Beiqijia Business Park Energy Center generated revenue of RMB 8.7 million in 2024, with a segment profit of RMB 4.1 million[31]. - The company is focusing on energy storage business development, with the Yangzhou project generating revenue of RMB 0.4 million in 2024[32]. - The group plans to focus on the "dual carbon" strategy, enhancing its clean energy and renewable energy business while optimizing energy structure and accelerating industrial upgrades[35]. Governance and Management - The company has adopted corporate governance practices in compliance with the corporate governance code for the fiscal year ending December 31, 2024[89]. - The management team has extensive experience in gas network operations and safety management, with over 20 years in the industry[80]. - The board is committed to high standards of corporate governance and has implemented self-regulatory practices[89]. - The company has appointed Mr. Li Weiqi as the Chairman of the Board and Mr. Wu Haipeng as the CEO for the year 2024[109]. - The board held a total of 5 meetings in 2024, with all directors attending 100% of the meetings[93]. - The company emphasizes the importance of corporate governance and has adopted internal guidelines requiring board approval for significant matters such as major asset acquisitions and dividend distributions[92]. - The company has established a formal and transparent procedure for the selection and nomination of new directors[122]. - The company has arranged appropriate liability insurance for its directors and executives[108]. - The company secretary ensures smooth communication within the board and provides necessary professional development assistance[148]. Risk Management and Compliance - The group has established a risk management framework to assess and prioritize risks based on their potential financial impact and management's focus[156]. - The board has confirmed the effectiveness of the risk management and internal control systems for the year 2024[154]. - The group has a zero-tolerance policy towards bribery, extortion, fraud, and money laundering, maintaining high standards of integrity and transparency[158]. - The company has implemented reporting procedures for employees and the public to raise concerns about potential misconduct internally[157]. - The company has not faced any significant fines or penalties due to non-compliance with laws and regulations during 2024[184]. Shareholder Communication - The company emphasizes regular, effective, timely, and fair communication with shareholders regarding all significant matters affecting the group[169]. - The company is committed to clear, detailed, and timely disclosure of information to shareholders, including regular updates and responses to shareholder concerns[170].

对于前者，截至2024年全年，总销气量为546.7百万立方米；作为京津冀地区重要的能源保障主体，北燃蓝天持有的中石油京唐29%股权持续发挥稳定器作 用，中石油京唐的LNG接收站是京津冀地区主要的冬季调峰保供站，是国内存储能力最大、调峰能力最强的液化天然气接收站，建设了配套专用码头及外 输管线等设施，存储能力达1.28百万立方米，每年可向京津冀地区供应天然气约40亿立方米，最高峰时中石油京唐输送北京的该等设施的供气量能占北京总 量的40%左右。2024年全年，中石油京唐LNG接收站接卸总量达6,340.6百万立方米，维持稳定，继续为公司带来联营公司投资收益约3.02亿元。 作为北京燃气集团在港股市场的唯一上市平台，北燃蓝天（06828.HK）在2024年继续深化新能源转型战略，全年财报显示其在业务结构优化与新能源领域 拓展上取得实质性进展。 尽管传统天然气业务面临市场波动，公司通过新能源赛道的前瞻性布局与核心项目的高效推进，为业绩增长注入新动能，充分展现出转型期的战略韧性。 一、财务稳健彰显转型支撑力 2024年全年，北燃蓝天实现营业收入16.88亿元人民币（单位下同），归属母公司净利润8506.60万元，除税 ...

Financial Performance - The group recorded revenue of RMB 1,688.4 million for the year 2024, a decrease of 12.8% compared to RMB 1,935.6 million in 2023[3]. - Profit attributable to shareholders increased by 3.5% to RMB 85.1 million in 2024, up from RMB 82.2 million in 2023[3]. - EBITDA for 2024 was RMB 305.0 million, down 17.8% from RMB 371.0 million in 2023[3]. - Total comprehensive income for the year was RMB 93.8 million, down from RMB 108.0 million in 2023[6]. - The gross profit for 2024 was RMB 49.7 million, a decline of 15.5% from RMB 58.8 million in 2023, with a gross margin of 2.9%[41]. - The total segment profit for the year was RMB 320,176,000, compared to RMB 326,528,000 in 2023, indicating a slight decrease of 1.1%[22]. - The pre-tax profit for the year was RMB 116,274,000, compared to RMB 99,868,000 in 2023, showing an increase of 16.4%[29]. - The company reported other income and gains of RMB 54,832,000, down from RMB 69,729,000 in the previous year, a decrease of 21.4%[27]. - The company's net profit attributable to shareholders for the year was RMB 85,066,000, an increase from RMB 82,161,000 in 2023, representing a growth of approximately 3.5%[33]. - The total income tax expense for the year was RMB 31,329,000, significantly higher than RMB 7,493,000 in 2023, indicating a substantial increase in tax obligations[9]. Business Segments - The clean energy and new energy business segment generated revenue of RMB 9.1 million in 2024, with a segment profit of RMB 7.5 million[3]. - The city gas operation segment generated revenue of RMB 928,085,000, up from RMB 915,202,000 in 2023, reflecting a growth of 1%[26]. - The natural gas trading and distribution segment reported revenue of RMB 751,199,000, down 26.4% from RMB 1,020,417,000 in the previous year[26]. - The clean energy and new energy business segment contributed RMB 9,147,000 in revenue, which was not present in the previous year[26]. - The company began operations in the integrated clean energy and new energy business, establishing it as a new reportable segment during the year[21]. Assets and Liabilities - Non-current assets totaled RMB 3,554.1 million as of December 31, 2024, an increase from RMB 3,419.7 million in 2023[7]. - Current liabilities increased to RMB 2,871.5 million in 2024 from RMB 2,078.7 million in 2023[8]. - Total equity attributable to shareholders rose to RMB 1,355.8 million in 2024, compared to RMB 1,261.9 million in 2023[8]. - The group's current liabilities as of December 31, 2024, are approximately RMB 1.97 billion[10]. - Total assets as of December 31, 2024, were RMB 44,506 million, with a debt-to-asset ratio of 66.7%, down from 68.9% in 2023[71]. - The total borrowings as of December 31, 2024, were RMB 23,339 million, with a leverage ratio of 52.4%, down from 53.9% in 2023[71]. Financing and Capital Structure - The group has secured a revolving loan of HKD 1 billion from a subsidiary and a preliminary offer for a syndicated loan of RMB 1 billion from a major bank[12]. - Financing costs decreased to RMB 110,664,000 from RMB 173,735,000, a reduction of 36.3%[28]. - The company plans to continue seeking low-interest debt financing to reduce overall interest costs[73]. - The company has utilized 100% of the funds raised from the capital increase and asset injection plan, totaling RMB 1,494.5 million[74]. Corporate Governance and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards and have been restated to reflect the change in presentation currency[13]. - The audit committee has reviewed the financial statements and confirmed compliance with accounting principles[91]. - The company has adopted high standards of corporate governance and complied with the relevant codes throughout 2024[87][88]. - The board has proposed amendments to the company's articles of association, pending shareholder approval[93]. Strategic Focus and Future Outlook - The company is focused on developing and operating integrated clean energy and new energy businesses[11]. - The group anticipates sufficient financial resources to continue operations based on past performance and banking relationships[10]. - The company is actively expanding its clean energy business and enhancing its natural gas supply capabilities to contribute to the new energy supply landscape[39]. - The group is focusing on the dual carbon strategy and aims to strengthen its position as a comprehensive clean energy service provider by enhancing its natural gas and renewable energy business[53]. - The company is committed to optimizing its energy structure and improving energy efficiency in response to national policies promoting green and low-carbon development[39]. Shareholder Returns - The board did not recommend a final dividend for 2024, consistent with 2023[3]. - The company will not declare dividends for the years ending December 31, 2024, and 2023, indicating a focus on reinvestment[32]. - The average number of ordinary shares issued during the year remained stable at 22,736,114,715 shares, with no adjustments made for diluted earnings per share due to the absence of convertible bonds[33]. Employee and Operational Metrics - The number of employees decreased to 564 as of December 31, 2024, from 677 in 2023[75]. - The company added 33,084 new gas pipeline users in 2024, bringing the total to 569,369 users[42]. Awards and Recognition - The group received the "ESG Environmentally Friendly Excellence Enterprise" award, reflecting its commitment to sustainable development and improved recognition in the capital market[52].

Beijing Gas Blue Sky Holdings Limited 北 京 燃 氣 藍 天 控 股 有 限 公 司 (於百慕達註冊成立之有限公司) 股份代號：6828 【 】【 】【 】 雖勝中 bZ0Z 日 目 錄 公司資料 2 公司簡介 3 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 7 簡明綜合現金流量表 8 未經審核簡明綜合中期財務資料附註 9 管理層討論與分析 20 其他資料 34 | --- | |-------| | | | | | 日） | 公司 資料 （於2024年8月29日） | --- | --- | |----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------| | | | | 董事會 執行董事 | 香港辦事處 香港 | | 李蔚齊先生 （董事會主席） ...

Financial Performance - The group recorded revenue of HKD 872.0 million for the first half of 2024, a decrease of 26.8% compared to HKD 1,191.5 million in the first half of 2023[1]. - Profit attributable to shareholders increased by 71.2% to HKD 55.3 million, up from HKD 32.3 million in the same period last year[1]. - EBITDA for the first half of 2024 was HKD 168.7 million, a decrease of 2.8% from HKD 173.6 million in the first half of 2023[1]. - The group reported a total comprehensive income of HKD 24.6 million for the first half of 2024, a significant improvement from a loss of HKD 63.1 million in the same period last year[3]. - Total revenue for the six months ended June 30, 2024, was HKD 871,956,000, a decrease of 26.8% from HKD 1,191,450,000 for the same period in 2023[15]. - The total segment profit for the six months ended June 30, 2024, was HKD 136,436,000, compared to HKD 114,982,000 for the same period in 2023, indicating an increase of 18.6%[15]. - The pre-tax profit for the six months ended June 30, 2024, was HKD 53,816,000, compared to HKD 46,590,000 for the same period in 2023, reflecting an increase of 15.0%[19]. - The company reported a total gas sales volume of 263.4 million cubic meters for the first half of 2024, down 20.2% from 329.9 million cubic meters in the same period of 2023[30]. - Gross profit for the first half of 2024 was HKD 16.7 million, down 62.5% from HKD 44.6 million in the same period of 2023, resulting in a gross margin of 1.9%[30]. - The company's attributable profit for the first half of 2024 was HKD 55.3 million, an increase of 71.2% compared to HKD 32.3 million in the first half of 2023[30]. Dividends and Earnings Per Share - Basic and diluted earnings per share for the first half of 2024 were both HKD 0.24, compared to HKD 0.14 in the same period last year[1]. - The board of directors did not recommend the declaration of an interim dividend for the first half of 2024, consistent with the previous year[1]. - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[22]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 4,042.2 million, an increase from HKD 3,823.8 million as of December 31, 2023[4]. - Current liabilities totaled HKD 2,327.6 million as of June 30, 2024, compared to HKD 2,284.3 million at the end of 2023[5]. - Net assets attributable to shareholders increased to HKD 1,650.5 million from HKD 1,625.9 million at the end of 2023[5]. - As of June 30, 2024, the group's current liabilities net amount is approximately HKD 1,190.2 million, indicating sufficient available funds for continued operations[7]. - Total liabilities to total assets ratio was 68.1% as of June 30, 2024, slightly up from 68.0% as of December 31, 2023[55]. - The net debt ratio improved to 136.8% as of June 30, 2024, down from 141.9% as of December 31, 2023[55]. - The group maintained a current ratio of 0.49 as of June 30, 2024, compared to 0.55 as of December 31, 2023[55]. Business Operations and Segments - The group operates three main business segments: urban gas operations, natural gas trading and distribution, and integrated clean energy and new energy development[11]. - The group has commenced the development and operation of integrated clean energy and new energy businesses, marking a new operational segment[11]. - The natural gas business experiences seasonal fluctuations, with higher demand typically observed in the second half of the year due to winter heating needs[10]. - The gas operation segment generated revenue of HKD 528,900,000, down from HKD 540,330,000, while the natural gas trading and distribution segment saw a significant decline to HKD 341,714,000 from HKD 651,120,000[15]. - The group added 15,561 new gas connection users in the first half of 2024, bringing the total number of users to 551,846[34]. - The group signed a long-term gas supply agreement with Beijing Gas Group, ensuring stable gas supply from January 1, 2024, to December 31, 2026[35]. Financing and Investments - The company completed the acquisition of a 49% stake in Beijing Unait Energy Engineering Technology Co., Ltd. for RMB 41,650,000 (approximately HKD 45,737,000) on July 3, 2024[26]. - The company has a capital commitment of HKD 57,790,000 as of June 30, 2024, compared to HKD 45,960,000 as of December 31, 2023[27]. - The group issued convertible bonds totaling HKD 300 million, maturing on December 28, 2025[52]. - The group has utilized 100% of the funds raised from the capital increase and asset injection plan for repaying existing bank loans and related interests[58]. - The company is appealing a civil judgment requiring it to pay RMB 25,088,000 related to a lawsuit, with the appeal scheduled for September 5, 2024[26]. Sustainability and Future Plans - The company aims to increase its clean low-carbon energy business in response to the rapid development of the energy storage market, which has seen a growth of over 40% in installed capacity compared to the end of 2023[29]. - The company is focusing on the green low-carbon transition, with non-fossil energy consumption expected to reach 18.9% of total energy consumption by 2024[29]. - The company is focusing on expanding its energy storage business, particularly in East and South China, with the Yangzhou project entering the construction phase[39]. - The company received the "ESG Environmentally Friendly Excellence Enterprise" award, reflecting its commitment to sustainable development[40]. Corporate Governance - The board is committed to high standards of corporate governance and has adopted practices in line with the corporate governance code[70]. - The audit committee has reviewed the accounting principles and discussed risk management and internal controls for the first half of 2024[68].

Audit and Financial Controls - The company paid HKD 4,000,000 for audit services and HKD 673,340 for non-audit services to Ernst & Young in 2023[144] - The audit committee reviewed the independence and objectivity of external auditors and the efficiency of the audit process[137] - The audit committee has the authority to investigate any matters that may significantly impact the company's operational or financial performance[141] - The company's financial controls, risk management, and internal control systems were reviewed to ensure effective implementation by management[142] Corporate Governance - The board of directors held 5 meetings in 2023, with full attendance from key members including the Chairman and CEO[157] - The compliance committee, established in July 2022, is chaired by the audit committee chairman and includes all independent non-executive directors[153] - The company confirmed the independence of its independent non-executive directors, including Mr. Cui Yulei, Ms. Xu Huimin, and Mr. Xu Jianwen[164] - The board is responsible for corporate governance functions, including reviewing the training and professional development of directors and senior management[145] - The company's directors are required to retire and be eligible for re-election at shareholder meetings in accordance with the company's articles of association[160] Financial Performance - Revenue for the year reached 2,150.3 million HKD, a 37.1% increase compared to 2022[178] - Net profit for the year was 102.6 million HKD, a 786.0% increase compared to 2022[178] - Gross profit for the year was 65.4 million HKD, a 31.9% increase compared to 2022[178] - Gross margin for the year was 3.0%, a slight decrease from 3.2% in 2022[178] - Profit attributable to shareholders was 91.3 million HKD, a 390.9% increase compared to 2022[178] - Revenue for 2023 increased by 37.1% to HK$2,150,279 thousand compared to HK$1,568,466 thousand in 2022[192] - Net profit for 2023 surged by 786.0% to HK$102,640 thousand from HK$11,584 thousand in 2022[192] - The company's EBITDA for 2023 rose by 77.9% to HK$416,736 thousand from HK$234,287 thousand in 2022[192] - Cash and cash equivalents decreased by 27.6% to HK$401,344 thousand in 2023 from HK$554,062 thousand in 2022[192] Gas Sales and Market Trends - Gas sales volume reached 733.6 million cubic meters, a 93.5% increase compared to 2022[187] - Natural gas sales volume in 2023 reached 284.8 million cubic meters, a 111.6% increase from 134.6 million cubic meters in 2022[193] - Residential user gas sales volume increased by 6.9% to 76.1 million cubic meters in 2023 from 71.2 million cubic meters in 2022[193] - China's natural gas apparent consumption in 2023 was 394.53 billion cubic meters, a 7.6% year-on-year increase[173] Strategic Investments and Agreements - The company has no significant investment or capital asset agreements as of the report date but will consider potential opportunities in the future[146] - The company secured a 700 million HKD equivalent RMB term loan facility from its controlling shareholder, Beijing Gas Group, in December 2023[187] - The company signed a natural gas purchase agreement with Beijing Gas Group, effective from January 1, 2024, to December 31, 2026[196] - The company acquired a 49% stake in Beijing Unite Energy Engineering Technology Co., Ltd. for RMB 41,650,000, with the transaction expected to be completed by June 30, 2024[200] - The company entered into a strategic cooperation framework agreement with Beijing Guoneng Guoyuan Energy Technology Co., Ltd. in June 2023 to collaborate in new energy, asset-light business, and technology R&D[199] Business Growth and Contributions - The acquisition of Guangxi Tengxian city gas business contributed to the revenue and profit growth[178] - The company's gas trade and distribution business also contributed to the revenue growth[178]

Financial Performance - The group recorded a revenue of HKD 2,150.3 million for the full year 2023, an increase of 37.1% compared to HKD 1,568.5 million in 2022[2]. - The group's profit for the year 2023 was HKD 102.6 million, a remarkable increase of 786.0% from HKD 11.6 million in 2022, primarily due to the contribution from the Guangxi Teng County urban gas project acquisition[2]. - The EBITDA for the full year 2023 was HKD 416.7 million, representing a 77.9% increase from HKD 234.3 million in 2022[2]. - Basic and diluted earnings per share for 2023 were HKD 0.40, compared to HKD 0.14 in 2022[2]. - The total gross profit for the group was HKD 65.4 million, up 31.9% from HKD 49.6 million in 2022, with a gross profit margin of 3.0% for 2023, slightly down from 3.2% in 2022[54]. - The group's net profit attributable to shareholders was HKD 91.3 million in 2023, significantly up from HKD 18.6 million in 2022, reflecting a strong performance in city gas and LNG projects[115]. Revenue Segments - The city gas operations segment generated revenue of HKD 982,838,000 in 2023, up from HKD 551,583,000 in 2022, reflecting an increase of 78%[24]. - The natural gas trading and distribution segment reported revenue of HKD 1,106,728,000, an increase of 19% from HKD 927,354,000 in the previous year[24]. - The industrial customer direct supply segment experienced a decline in revenue to HKD 26,854,000 from HKD 45,388,000, representing a decrease of 41%[24]. - The natural gas refueling station segment's revenue decreased to HKD 33,859,000 from HKD 44,141,000, a decline of 23%[24]. - The group's city gas business recorded revenue of HKD 982.8 million for the full year 2023, a 78.1% increase from HKD 551.6 million in 2022[104]. Gas Sales Volume - The total gas sales volume for 2023 was 733.6 million cubic meters, a significant increase of 93.5% from 379.1 million cubic meters in 2022, driven by increased natural gas demand and the acquisition of the Guangxi Teng County urban gas project[2]. - The total sales volume of natural gas to residential and non-residential users reached 284.8 million cubic meters, a 111.6% increase compared to 134.6 million cubic meters in 2022[58]. - The total trade volume reached 433.2 million cubic meters in 2023, up 90.8% from 227.1 million cubic meters in 2022[105]. Assets and Liabilities - Non-current assets totaled HKD 3,823.8 million as of December 31, 2023, slightly down from HKD 3,856.0 million in 2022[5]. - Current assets decreased to HKD 1,262.9 million in 2023 from HKD 1,364.7 million in 2022[5]. - The company's total assets as of December 31, 2023, were HKD 5,086,800 thousand, down from HKD 5,220,700 thousand in 2022, reflecting a decrease of 2.6%[140]. - The group has a net current liability of approximately HKD 1 billion as of December 31, 2023, but expects sufficient funds to continue operations due to past performance and financial support from its parent company[25]. - The total liabilities to total assets ratio improved slightly to 68.0% in 2023 from 68.8% in 2022[140]. Financing and Costs - The group's financing costs for 2023 totaled HKD 193.0 million, compared to HKD 133.9 million in 2022, with a decrease in bank loan interest expenses from HKD 91.8 million in 2022 to HKD 84.2 million in 2023[39]. - Financing costs increased by 44.1% to HKD 193.0 million in 2023, compared to HKD 133.9 million in 2022, primarily due to rising reference interest rates[115]. - The group has secured new financing of HKD 700 million from Beijing Gas Group, aimed at refinancing existing projects, which is expected to alleviate financial cost pressures[161]. Dividends - The board of directors did not recommend the declaration of a final dividend for the year 2023, consistent with 2022[2]. - The group did not recommend the payment of dividends for the years ended December 31, 2023, and 2022[44]. Strategic Initiatives - The group has actively participated in energy transition and is accelerating the layout of new energy businesses in response to national policies promoting natural gas energy development[52]. - The company aims to optimize its urban gas asset portfolio to maximize profits while ensuring sustainable development and greater returns for shareholders[83]. - The strategic cooperation agreement with Beijing Guoneng Guoyuan Energy Technology Co., Ltd. aims to explore collaboration in new energy and technology research and development[108]. - The group plans to enhance its comprehensive energy business, focusing on renewable energy and clean energy development, supported by its major shareholder[109]. Market Outlook - The group anticipates continued economic recovery in China, with a focus on high-quality development and energy transition in 2024[110]. - The group aims to diversify investments beyond traditional natural gas projects, aligning with national carbon neutrality goals and enhancing core competitiveness in the energy sector[111].

智通财经APP讯，北京燃气蓝天(06828)公布，于2023年12月22日，该公司(作为借款人)已就总额最高离岸人民币2亿元或等额港元的非承诺性循环贷款融资接纳一家银行发出的融资函件，自提款日期起计十二个月内可供提取。 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 1,191,450,000, representing a 29.6% increase from HKD 919,261,000 in the same period of 2022[21] - Gross profit for the same period was HKD 44,604,000, up from HKD 40,639,000, indicating a growth of 9.7%[21] - The net profit for the period was HKD 43,084,000, compared to HKD 18,308,000 in the previous year, reflecting a significant increase of 135.5%[21] - The basic and diluted earnings per share for the period were HKD 0.14, down from HKD 0.15 in the previous year[21] - The group's profit before tax for the six months ended June 30, 2023, was HKD 32,272,000, compared to HKD 19,968,000 for the same period in 2022, representing a significant increase[70] - The group reported a net other income and gains of HKD 8,189,000 for the six months ended June 30, 2023, down from HKD 17,623,000 in the same period last year[91] - Net profit for the first half of 2023 was HKD 43.1 million, representing a 135.3% increase from HKD 18.3 million in the same period of 2022[104] Expenses and Liabilities - The company reported a decrease in administrative expenses to HKD 71,929,000 from HKD 96,128,000, a reduction of 25.1%[21] - As of June 30, 2023, total current liabilities amounted to HKD 1,165,478,000, an increase from HKD 1,102,845,000 as of December 31, 2022, representing a growth of approximately 5.7%[23] - Non-current liabilities decreased slightly to HKD 1,111,456,000 from HKD 1,123,981,000, reflecting a reduction of approximately 1.1%[23] - The total equity attributable to shareholders was HKD 1,286,531,000, a decrease from HKD 1,356,654,000, representing a drop of approximately 5.2%[23] - The company’s total liabilities as of June 30, 2023, were HKD 2,332,421,000, compared to HKD 2,467,556,000 as of December 31, 2022, showing a reduction of about 5.5%[23] Cash Flow and Assets - Cash and cash equivalents decreased to HKD 354,982,000 from HKD 554,062,000, a decline of 36%[12] - The company reported cash flow data for the six months ended June 30, 2023, but specific figures were not detailed in the provided documents[28] - The net cash flow from operating activities was HKD 81,036 thousand, a significant improvement from a cash outflow of HKD 40,979 thousand in the previous year[49] - The group’s investment activities generated a net cash flow of HKD 10,243 thousand, a decrease from HKD 299,458 thousand in the previous year, indicating a shift in investment strategy[49] - The total assets as of June 30, 2023, were HKD 5,010.0 million, down from HKD 5,220.7 million as of December 31, 2022[124] Market and Business Strategy - The company plans to continue expanding its market presence and developing new projects in the natural gas sector, leveraging its resources and capital advantages[9] - The company aims to enhance its operational efficiency and reduce costs further in the upcoming periods[9] - The company aims to capitalize on market opportunities under the dual carbon goals and accelerate the development of renewable and clean energy[128] - The company anticipates a recovery in natural gas demand in China for 2023, driven by urbanization and green transformation initiatives, which will release significant market potential[136] - The natural gas business experiences seasonal fluctuations, with higher demand typically observed in the second half of the year due to winter heating needs[57] Financing and Investments - The company secured a syndicated loan of HKD 1,013 million in January 2023, which is to be repaid within one year[32] - The group issued convertible bonds totaling HKD 300 million, maturing on December 28, 2025[167] - The group has pledged certain properties, plants, and equipment, as well as investment properties and bank balances as collateral[174] - The group plans to utilize more RMB-denominated borrowings to mitigate financial costs and currency risk due to the high interest rates on HKD loans[171] Shareholder and Governance - The company has complied with the corporate governance code as per the listing rules throughout the first half of 2023[184] - The company’s major shareholder, Beijing Gas Group, is required to maintain at least 66% of the issued shares of the company under the financing terms[188] - Beijing Gas Group indirectly owns approximately 41.13% of the company’s issued share capital[189] - The board does not recommend the declaration of an interim dividend for the first half of 2023[158] Operational Highlights - The total revenue for the city gas operation segment reached HKD 517,213 thousand, an increase of 55.8% compared to HKD 332,044 thousand in the same period last year[65] - The number of natural gas sales volume reached 123.2 million cubic meters, a 72.5% increase from 71.4 million cubic meters in the first half of 2022[108] - The total trade volume for the group was 198.9 million cubic meters, up 97.9% from 100.5 million cubic meters in the first half of 2022[110] - The group recorded a substantial increase in gas sales volume in the urban gas business, rising by 72.5% compared to the same period last year[84] - The company reported a total LNG unloading volume of 3,096.0 million cubic meters in the first half of 2023, a 3.5% increase from 2,992.1 million cubic meters in the same period of 2022[134]