香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 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） 6828 （股份代號： ） 2023 6 30 6 截至 年 月 日止 個月 中期業績公告 摘要 • 2023 1,191.5 2022 919.3 本集團於 年上半年錄得收益 百萬港元（ 年上半年： 百萬 29.6% 2023 44.6 港元），較去年同期增加 。本集團於 年上半年的毛利總額為 百 2022 40.6 9.8% 萬港元（ 年上半年： 百萬港元），較去年同期增加 。本集團的毛 2022 4.4% 2023 3.7% 利率由 年上半年的 下跌至 年上半年的 。 • 2023 329.9 2022 179.3 於 年上半年，本集團總銷氣量為 百萬立方米（ 年上半年： 84.0% (i)2023 百萬立方米），較去年同期大幅 ...

Financial Performance - In 2022, the company recorded revenue of HKD 1,607.2 million, a slight decrease of 7.0% year-on-year[11]. - The profit attributable to shareholders for the year was HKD 18.6 million, compared to a loss of HKD 275.4 million in 2021[11]. - Gross profit for 2022 was HKD 88.3 million, down 26.0% from HKD 119.3 million in 2021, resulting in a gross margin of 5.5% compared to 6.9% in the previous year[23]. - The company reported a profit of HKD 11.6 million for 2022, a significant turnaround from a loss of HKD 278.6 million in 2021, primarily due to a reduction in impairment provisions[15]. - The company's revenue for the year ended December 31, 2022, was HKD 1,607.2 million, a decrease of 7.0% compared to HKD 1,728.0 million in 2021[15]. - The company recorded a profit before tax, finance costs, depreciation, and amortization of HKD 234.3 million in 2022, compared to a loss of HKD 34.0 million in 2021, attributed to significant reductions in impairment losses on financial and non-financial assets[49]. - Other income and net gains for 2022 amounted to HKD 47.6 million, up from HKD 34.3 million in 2021, including a gain of HKD 18.6 million from the derecognition of financial assets[50]. Debt and Liquidity - The company successfully completed a restructuring plan by the end of 2022, significantly improving core liquidity and reducing the debt-to-asset ratio, thereby lowering financial risk[11]. - Cash and cash equivalents increased by 139.9% to HKD 554.1 million as of December 31, 2022, compared to HKD 230.9 million in 2021[23]. - Total borrowings of the group were HKD 2,707.1 million as of December 31, 2022, down from HKD 3,579.7 million on December 31, 2021, resulting in a leverage ratio of 51.9% compared to 68.4% in the previous year[59]. - The net debt-to-equity ratio was 132.2% as of December 31, 2022, significantly improved from 477.7% on December 31, 2021[64]. - The group utilized HKD 1,013.0 million for repaying existing bank loans, representing 100% of the allocated amount from the capital injection plan as of December 31, 2022[68]. Business Strategy and Development - The company aims to enhance operational management and governance in 2023, focusing on becoming a new type of gas enterprise and expanding its LNG and city gas business[12]. - The company plans to explore renewable energy businesses to become a comprehensive clean energy service provider[12]. - The company aims to optimize its business structure and improve sustainability to become a comprehensive clean energy service provider[16]. - The company plans to actively seize market opportunities under the dual carbon goals, accelerating the development of renewable and clean energy[14]. - The company aims to develop renewable energy and clean energy businesses, including hydrogen, energy storage, and solar photovoltaic, under the dual carbon goals[36]. - The company plans to actively capture market opportunities through organic growth or acquisitions to enhance its comprehensive energy distribution business[33]. Market Performance - The apparent consumption of natural gas in China for 2022 was 366.3 billion cubic meters, a slight decline of 1.7% year-on-year[6]. - In 2022, the urban gas business recorded revenue of HKD 590.3 million, a decrease of 1.5% from HKD 602.1 million in 2021[27]. - Natural gas sales revenue increased by 6.4% to approximately HKD 498.4 million in 2022, compared to HKD 468.4 million in 2021, primarily due to rising prices for industrial users[27]. - The total trade volume for LNG and CNG was 227.1 million cubic meters in 2022, a significant decrease from 426.3 million cubic meters in 2021[29]. - The LNG receiving station project had a total unloading volume of 5,721.4 million cubic meters in 2022, a decrease of 15.9% from 6,802 million cubic meters in 2021[32]. Corporate Governance - The company has adopted corporate governance practices in line with the latest regulations, ensuring compliance and transparency[100]. - The board includes independent directors with over 20 years of experience in law and accounting[92][93]. - The company has established a clear division of responsibilities between the Chairman and the CEO[116]. - The company provides ongoing professional development for all directors to ensure compliance with corporate governance standards[118]. - The company has arranged appropriate liability insurance for directors and executives[115]. - The board confirmed that the financial records are properly maintained and the financial statements fairly reflect the group's operations and finances[161]. Employee and Management - The group employed 644 employees as of December 31, 2022, a decrease from 934 employees on December 31, 2021[69]. - The company has a management team with over 20 years of experience in gas management and infrastructure investment[83]. - The Chief Financial Officer has over 10 years of financial management experience, including roles in state-owned enterprises[84]. - The company has appointed a new executive director responsible for safety management with over 20 years of experience in gas network operations[85]. - The management team includes members with extensive backgrounds in corporate finance, compliance, and investor relations[88]. Risk Management - The board is responsible for ensuring the establishment and maintenance of an effective risk management and internal control system, with regular reviews conducted at least annually[162]. - The company has implemented a whistleblowing policy to allow employees and the public to report concerns about potential misconduct[167]. - The group has developed risk management guidelines and assigned financial personnel to execute them, ensuring effective operation of the risk management system[169]. - The company is exposed to various market risks, including interest rate risk, credit risk, and liquidity risk[200]. Shareholder Relations - The company encourages shareholder participation and provides opportunities for expressing opinions during annual general meetings[182]. - The company maintains clear and timely communication with shareholders through various channels, including corporate communications and investor relations activities[186]. - The company has recorded all questions and comments from shareholders during annual general meetings for transparency[184].

Financial Performance - The group recorded revenue of HKD 1,607.2 million for the full year 2022, a decrease of 7.0% compared to HKD 1,728.0 million in 2021[2]. - The total gross profit for 2022 was HKD 88.3 million, down 26.0% from HKD 119.3 million in 2021, with a gross margin decline from 6.9% in 2021 to 5.5% in 2022[2]. - The group achieved a profit of HKD 11.6 million in 2022, compared to a loss of HKD 278.6 million in 2021, marking a turnaround from loss to profit[2]. - The basic and diluted earnings per share for 2022 were HKD 0.14, compared to a loss per share of HKD 2.12 in 2021[2]. - The group reported an EBITDA of HKD 234.3 million for 2022, a significant improvement from a loss of HKD 34.0 million in 2021[2]. - The total comprehensive loss for the year amounted to HKD 193.6 million, slightly improved from a loss of HKD 209.7 million in 2021[12]. - The company reported a pre-tax profit of HKD 22,321,000 for the year 2022, a recovery from a loss of HKD 275,400,000 in 2021[32][45]. - The company reported a net profit attributable to shareholders of HKD 18.6 million in 2022, compared to a loss of HKD 275.4 million in 2021, marking a significant turnaround[128]. - The group recorded a gross profit of HKD 88.3 million for the full year 2022, a decrease of HKD 31.0 million compared to HKD 119.3 million in 2021, primarily due to a reduction in connection engineering service projects[148]. - Segment profit decreased by 42.1% from HKD 284.1 million in 2021 to HKD 164.5 million in 2022, mainly due to declines in urban gas, pipeline construction, value-added services, and other segments[148]. Revenue and Sales - The company’s industrial customer direct supply revenue dropped significantly to HKD 45,388,000 in 2022 from HKD 494,708,000 in 2021, a decline of approximately 91.8%[49]. - The group achieved city gas business revenue of HKD 590.3 million in 2022, slightly down from HKD 602.1 million in 2021, with connection revenue decreasing by 31.3% to HKD 91.9 million[101]. - The total trade volume for the group in 2022 was 227.1 million cubic meters, a significant decrease from 426.3 million cubic meters in 2021, while the sales revenue from trading and distribution business increased to HKD 927.4 million from HKD 583.4 million in 2021[102]. - The company reported a total approximate gas sales volume of 6,164,820,732 cubic meters, with significant contributions from various regions including 196,432,600 cubic meters from Zhejiang and 95,350,000 cubic meters from Shanxi[72]. Assets and Liabilities - Non-current assets increased to HKD 3,856,001 thousand in 2022 from HKD 3,688,218 thousand in 2021, representing a growth of 4.6%[14]. - Current assets decreased to HKD 1,364,711 thousand in 2022 from HKD 1,547,919 thousand in 2021, a decline of 11.8%[14]. - Total liabilities decreased from HKD 4,413,404 thousand in 2021 to HKD 2,467,556 thousand in 2022, a reduction of 44.1%[15]. - The net asset value increased significantly to HKD 1,629,175 thousand in 2022 from HKD 700,983 thousand in 2021, an increase of 132.5%[15]. - Current liabilities decreased to HKD 2,467.6 million as of December 31, 2022, from HKD 4,413.4 million in 2021, including bank borrowings of HKD 1,700.3 million[157]. - Total borrowings as of December 31, 2022, amounted to HKD 2,707.1 million, down from HKD 3,579.7 million in 2021, resulting in a leverage ratio of 51.9% compared to 68.4% in the previous year[155]. - The net debt ratio improved to 132.2% as of December 31, 2022, down from 477.7% in 2021, indicating a significant reduction in leverage[158]. Cash Flow and Financing - Cash and cash equivalents increased by 139.9% from HKD 230.9 million at the end of 2021 to HKD 554.1 million at the end of 2022[125]. - The company has utilized 100% of the funds raised for repaying existing bank loans amounting to HKD 1,013.0 million[183]. - The financing plan includes a total of HKD 700 million in loans and the issuance of convertible bonds, indicating a strategic move to strengthen financial resources[106]. - The group has issued a total of HKD 3 billion convertible bonds, which can be converted into approximately 2.54 billion shares at a conversion price of HKD 0.118 per share[140]. Strategic Focus and Operations - The company has been focusing on direct supply of liquefied natural gas (LNG) to end industrial users as part of its operational strategy[8]. - The company is focused on developing and operating city gas projects, including the sale of natural gas through pipelines to residential, industrial, and commercial users[17]. - The company operates CNG and LNG refueling stations, expanding its service offerings in the energy sector[17]. - The company plans to enhance its integrated energy distribution business and strengthen its competitiveness in the natural gas market through organic growth and potential acquisitions[105]. - The company is expected to benefit from the increasing industrial activities in Guangxi, particularly in the ceramics industry, due to new guidelines requiring a shift from coal to natural gas by 2025[130]. - The company is actively pursuing opportunities in renewable and clean energy to align with China's dual carbon goals, which are expected to create significant market opportunities[70]. Legal and Compliance - The company has received a civil lawsuit regarding a 49.5% stake in a partnership fund, with a potential compensation amounting to RMB 3,694,000 based on a 12% internal rate of return[63][64]. - The company has not made any provisions for the lawsuit related to the acquisition of a 40% stake in the target company, based on legal advice indicating a strong defense[65]. - The group reported a potential liability provision of HKD 79.7 million related to litigation matters, reflecting its cautious approach to financial reporting[69]. - The company is committed to enhancing its internal control policies to ensure the completeness of related party transaction disclosures[68]. Market Trends - The company anticipates continued growth in natural gas demand due to the implementation of coal-to-gas policies, which are expected to drive market opportunities[74]. - The group is positioned to benefit from the ongoing urbanization trend in China, which is expected to expand the gas market size[74]. - The overall natural gas production in China reached 217.8 billion cubic meters in 2022, representing a year-on-year increase of 6.4%[97].

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 919,261,000, a decrease of 23.8% from HKD 1,205,336,000 in the same period of 2021[11] - Gross profit for the same period was HKD 40,639,000, down 13.4% from HKD 47,125,000 year-on-year[11] - The net profit attributable to the company's owners was HKD 19,968,000, a decline of 50.2% compared to HKD 40,076,000 in the previous year[13] - The company reported a total comprehensive loss of HKD 72,836,000 for the period, compared to a loss of HKD 51,550,000 in the same period last year[13] - The basic and diluted earnings per share were HKD 0.15, down from HKD 0.31 in the previous year[13] - The pre-tax profit for the six months ended June 30, 2022, was HKD 19,577,000, compared to HKD 42,327,000 for the same period in 2021[90] - The company reported other income of HKD 18,336,000 for the six months ended June 30, 2022, an increase from HKD 12,094,000 in the previous year[87] - The profit from the sale of a joint venture was HKD 5,961,000, which was not recorded in the previous year[87] - The company experienced a decrease in interest income, reporting HKD 1,281,000 for the six months ended June 30, 2022, down from HKD 4,062,000 in 2021[87] - The company’s revenue from industrial customers was HKD 17,972,000, reflecting a loss of HKD 1,372,000 for the segment[69] - The group recorded a gross profit of HKD 40.6 million in the first half of 2022, a decrease of 13.8% compared to HKD 47.1 million in the same period of 2021[131] - The gross profit margin increased from 3.9% in the first half of 2021 to 4.4% in the first half of 2022, attributed to improved operational efficiency and resource allocation[131] - EBITDA decreased by 14.6% to HKD 123.4 million in the first half of 2022 from HKD 144.4 million in the same period of 2021, impacted by the COVID-19 pandemic and increased legal and professional fees[132] Assets and Liabilities - Non-current assets decreased to HKD 3,256,016 thousand as of June 30, 2022, down from HKD 3,688,218 thousand as of December 31, 2021, representing a decline of approximately 11.7%[18] - Current assets totaled HKD 1,316,870 thousand as of June 30, 2022, compared to HKD 1,547,919 thousand as of December 31, 2021, indicating a decrease of about 15%[18] - Total liabilities decreased to HKD 3,944,435 thousand as of June 30, 2022, from HKD 4,535,154 thousand as of December 31, 2021, reflecting a reduction of approximately 13.1%[20] - The company's net assets amounted to HKD 628,451 thousand as of June 30, 2022, down from HKD 700,983 thousand as of December 31, 2021, a decrease of around 10.3%[20] - The company reported a total equity of HKD 628,451 thousand as of June 30, 2022, with a significant portion attributed to the equity attributable to owners of the company at HKD 535,150 thousand[20] - The company's reserves showed a negative balance of HKD 179,086 thousand as of June 30, 2022, compared to a negative balance of HKD 109,392 thousand as of December 31, 2021, indicating a worsening of approximately 63.7%[20] - The total assets as of June 30, 2022, amounted to HKD 4,572,886,000, a decrease from HKD 5,236,137,000 as of December 31, 2021[78] - The total liabilities as of June 30, 2022, were HKD 3,944,435,000, compared to HKD 4,535,154,000 as of December 31, 2021[78] Cash Flow - For the six months ended June 30, 2022, the net cash used in operating activities was HKD (40,979) thousand, slightly higher than HKD (40,869) thousand for the same period in 2021[29] - The net cash generated from investing activities was HKD 299,458 thousand, a significant improvement compared to the net cash used of HKD (321,220) thousand in the prior year[29] - The net cash used in financing activities was HKD (177,975) thousand, a decrease from the net cash generated of HKD 231,224 thousand in the previous year[29] - As of June 30, 2022, the total cash and cash equivalents increased by HKD 80,504 thousand, compared to a decrease of HKD (130,865) thousand in the same period of 2021[29] - The company’s cash and cash equivalents at the end of the period were HKD 332,475 thousand, down from HKD 496,638 thousand at the end of the previous year[29] - Cash and bank balances increased to HKD 332,475 thousand as of June 30, 2022, compared to HKD 230,945 thousand as of December 31, 2021, representing an increase of approximately 43.9%[18] - Cash and cash equivalents increased by 44.0% to HKD 332.5 million as of June 30, 2022, compared to HKD 230.9 million as of December 31, 2021[141] Market Strategy and Operations - The company aims to leverage the historical opportunities presented by China's economic development and energy structure adjustment to expand its market presence[6] - The company is focused on developing and operating urban gas projects and supplying LNG to end industrial users[6] - The company plans to actively explore potential regional projects and expand its market space to build a complete value chain[6] - The company is committed to cross-industry cooperation to achieve leapfrog development[6] - The company plans to enhance its LNG full industry chain layout and consider further development in oil and gas trading to improve competitiveness[126] - Future challenges include weakened urban gas demand post-heating season and low operating rates among downstream users due to the pandemic and high gas prices[125] - The natural gas business experiences seasonal fluctuations, with higher demand typically in the second half of the year due to winter heating consumption[60] Shareholder and Governance - The company’s shares resumed trading on the Hong Kong Stock Exchange on July 25, 2022, after fulfilling all resumption guidance[157] - As of June 30, 2022, Beijing Gas Group Limited held a 41.13% stake in the company, making it the largest shareholder[160] - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions during the first half of 2022[166] - The board consists of seven members, including three executive directors and three independent non-executive directors, ensuring compliance with governance standards[188] - The audit committee has reviewed the accounting principles and discussed risk management and internal controls for the six months ending June 30, 2022[187] Financing and Debt - The total bank and other borrowings amounted to HKD 3,112.1 million, with HKD 2,078.4 million due for repayment by June 30, 2023[36] - The company has taken measures to alleviate liquidity pressure, including applying for the resumption of trading of its shares on the stock exchange effective July 25, 2022[38] - The board is in discussions with major shareholders regarding potential asset injections and loan advances to improve financial conditions[38] - The company's financing agreements include a commitment that Beijing Gas Group will directly hold approximately 41.13% of the issued shares, ensuring it remains the largest shareholder[170] - The company entered into a three-year syndicated term loan agreement for HKD 890,000,000 on August 17, 2020, with a commitment to maintain Beijing Gas Group as the single largest shareholder holding at least 36% of the issued shares[172] - A loan agreement for up to HKD 200,000,000 was established on October 10, 2020, with the same shareholder commitment as above[173] - A working capital loan agreement for HKD 300,000,000 was signed on October 20, 2020, with a repayment extension to November 22, 2022[175] - On November 2, 2020, a loan agreement for up to HKD 200,000,000 was signed, with a commitment to maintain at least 35% of the issued shares by Beijing Gas Group[176] - An additional commitment of HKD 310,000,000 was agreed upon on November 20, 2020, as part of the financing agreement[178] - The company issued USD 30,000,000 notes on July 15, 2022, in exchange for previously issued notes, with a covenant requiring Beijing Gas Group to maintain at least 40% voting rights[179] - The net debt ratio improved to 442.3% as of June 30, 2022, from 477.7% as of December 31, 2021[146]

Financial Performance - In 2021, Beijing Gas Blue Sky Holdings recorded a revenue of HKD 1.728 billion, representing an 18.1% year-on-year increase[6]. - The company's loss attributable to shareholders significantly narrowed by 92.6% compared to the previous year[6]. - For the full year 2021, the group's revenue was HKD 1,728.0 million, an increase of 18.1% compared to HKD 1,463.1 million in 2020, driven by increased gas trading and distribution[13]. - The group's gross profit decreased to HKD 119.3 million in 2021 from HKD 155.2 million in 2020, resulting in a gross margin of 6.9%, down from 10.6% in the previous year[13]. - The net loss for the full year 2021 was HKD 278.6 million, a significant decrease of 92.7% from a net loss of HKD 3,806.4 million in 2020[13]. - Financing costs for 2021 were HKD 132.3 million, a reduction of 32.3% compared to HKD 195.5 million in 2020[13]. - The group recorded a gross profit of HKD 119.3 million in 2021, down from HKD 155.2 million in 2020, primarily due to reduced project activities and rising natural gas prices[36]. Natural Gas Market Overview - The apparent consumption of natural gas in China reached 372.6 billion cubic meters in 2021, a year-on-year growth of 12.7%[5]. - Natural gas production in China was 205.3 billion cubic meters in 2021, exceeding the target by 2.8 billion cubic meters[11]. - The import volume of natural gas was 167.5 billion cubic meters (121.36 million tons), marking a 19.9% increase year-on-year[10]. - The import of liquefied natural gas accounted for 65% of the total natural gas imports, amounting to 108.9 billion cubic meters (78.93 million tons)[10]. - The Chinese government emphasizes the importance of natural gas in achieving carbon neutrality and expanding its utilization across various sectors[11]. - The global natural gas market is facing increased competition and uncertainty due to geopolitical factors, particularly the Russia-Ukraine crisis[11]. Company Strategy and Development - The company aims to optimize its development strategy in response to the national "dual carbon" goals, focusing on green energy transition[6]. - The group plans to continue expanding its LNG full industry chain and urban gas business, focusing on increasing project numbers and targeting industrial and commercial users[31]. - The group anticipates further development opportunities in the natural gas industry due to ongoing market-oriented reforms and the implementation of the "coal-to-gas" policy[28]. - The urbanization trend is expected to boost residential gas consumption, contributing to the growth of the natural gas market in the future[21]. Operational Performance - Total gas sales and processing volume for 2021 decreased by 21.7% to approximately 5,214.0 million cubic meters, down from 6,659.1 million cubic meters in 2020[13]. - The decrease in gas sales was primarily due to sluggish economic performance and weak energy consumption, influenced by the COVID-19 pandemic[13]. - The group’s subsidiary reported gas sales of 688.6 million cubic meters for the full year 2021[13]. - The group’s joint ventures accounted for gas sales and processing volume of 4,514.4 million cubic meters in 2021[13]. - The volume of natural gas sold to residential users reached 67.6 million cubic meters in 2021, up from 64.0 million cubic meters in 2020[20]. - The volume of natural gas sold to industrial and commercial users was 65.4 million cubic meters in 2021, down from 68.4 million cubic meters in 2020 due to the impact of the pandemic[20]. Corporate Governance - The board believes that the group has sufficient operating funds to meet current needs, considering refinancing arrangements and potential asset injections from major shareholders[63]. - The board is responsible for setting strategic goals and ensuring necessary financial and human resources are available to achieve these goals[101]. - The company has adopted internal guidelines requiring board approval for significant matters such as major asset acquisitions and dividend distributions[102]. - The company’s governance practices comply with legal and regulatory requirements, ensuring good corporate governance standards[101]. - The company emphasizes board diversity as a key factor for achieving strategic goals and sustainable development, considering gender, age, cultural background, professional experience, and tenure[148]. Risk Management and Compliance - The group has engaged an internal control consulting firm to assist in evaluating its internal control system, with the assessment completed by the report date[186]. - The company acknowledges that changes in government policies and regulations could significantly impact its financial condition and operational performance[188]. - The company has identified significant internal control deficiencies, including a lack of clear internal control policies for asset value transactions and inadequate procedures for equity investments and disclosures of conflicts of interest[185]. - The board is responsible for ensuring the establishment and maintenance of effective risk management and internal control systems, which are reviewed at least annually[179]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[91]. - New product launches are expected to contribute an additional 200 million in revenue in the upcoming year[91]. - The company is considering strategic acquisitions to enhance its service offerings, with a target of completing at least one acquisition by the end of 2022[91]. - The management emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[91].

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 Blue Sky 2021 中期報告 目 錄 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 | 6 | | | 簡明綜合權益變動表 | 8 | | | 簡明綜合現金流量表 | 9 | | 未經審核簡明綜合中期財務報表附註 | | 10 | | | 管理層討論與分析 | 23 | | | 其他資料 | 33 | | --- | --- | |-------|-------| | | | | | | | | | | | | | | | | | 日） | 公司 資料 （於2021年10月29日） | --- | --- | |----------------- ...

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 Blue Sky 2020 年報 目 錄 公司資料 2 主席報告 3 管理層討論與分析 5 董事及高級管理層履歷 25 企業管治報告 29 環境、社會及管治報告 52 | --- | --- | |--------------------------|-------| | | | | 財務內容 | | | 董事會報告 | 101 | | 獨立核數師報告 | 119 | | 綜合損益及其他全面收益表 | 133 | | 綜合財務狀況表 | 135 | | 綜合權益變動表 | 137 | | 綜合現金流量表 | 138 | | 財務報表附註 | 141 | | | | 五年財務概要 268 | --- | --- | --- | |-------|-----------|-------| | | | | | | | | | | | | | | | | | | 公司 | | | | | | | | 資料 | | | | | | | | （於 ...

（於百慕達註冊成立之有限公司） 股份代號: 6828 Beijing Gas Blue Sky Holdings Limited 北京燃氣藍天控股有限公 司 Beijing Gas Blue Sky Holdings Limited | --- | --- | |--------------------------------------------------|------------------| | | | | Beijing Gas | Holdings Limited | | | | | 北京燃氣藍天控股有限公 | 司 | | (Incorporated in Bermuda with limited liability) | | Stock Code: 6828 INTERIM REPORT 2020 2020中期報告 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|----------------------------------|--------------------|-------|-------|---- ...

（於百慕達註冊成立之有限公司） Beijing Gas Blue Sky Holdings Limited 北京燃氣藍天控股有限公 司 Beijing Gas Blue Sky Holdings Limited | --- | --- | |--------------------------------------------------|------------------| | | | | Beijing Gas Blue Sky | Holdings Limited | | | | | 北京燃氣藍天控股有限公 | 司 | | (Incorporated in Bermuda with limited liability) | | Stock Code: 6828 ANNUAL REPORT 2019 股份代號: 6828 2019年報 FSC 目錄 目 錄 公司資料 2 公司簡介 3 主席報告 4 管理層討論與分析 8 董事及高級管理層履歷 19 企業管治報告 22 環境、社會及管治報告 40 財務內容 董事會報告 87 獨立核數師報告 102 綜合損益及其他全面收益表 109 綜合財務狀況表 111 ...

Financial Performance - Revenue for the six months ended June 30, 2019, was HKD 1,882,630, an increase of 12.4% compared to HKD 1,674,718 for the same period in 2018[11] - Gross profit for the same period was HKD 207,912, representing a gross margin of approximately 11.0%[11] - The net profit attributable to the owners of the company was HKD 134,346, up 70.8% from HKD 78,668 in the prior year[13] - The company reported a total comprehensive income of HKD 11,400 for the period, a significant decrease from HKD 111,270 in the previous year[13] - The company reported a significant increase in share of profits from associates to HKD 159,302, compared to HKD 7,959 in the previous year[11] - The group reported a segment profit of HKD 349,705 thousand for the six months ended June 30, 2019, compared to HKD 64,149 thousand in the same period of 2018, reflecting a substantial increase of 445.5%[85] - The group’s pre-tax profit was HKD 162,305 thousand for the six months ended June 30, 2019, compared to HKD 86,168 thousand in the same period of 2018, representing an increase of 88.5%[85] - The group reported a profit attributable to owners of the company of HKD 134.3 million, an increase of HKD 55.6 million compared to the previous period[180] Assets and Liabilities - The total assets as of June 30, 2019, amounted to HKD 6,743,465, compared to HKD 6,338,888 as of December 31, 2018[15] - The total assets increased to HKD 8,844,963,000 as of June 30, 2019, compared to HKD 8,228,330,000 as of December 31, 2018, representing an increase of 7.5%[94] - The total liabilities rose to HKD 3,702,724,000 as of June 30, 2019, from HKD 3,114,934,000 as of December 31, 2018, indicating an increase of 18.9%[94] - The total equity attributable to the owners of the company as of June 30, 2019, was HKD 5,020,761, slightly down from HKD 5,028,742 at the end of 2018[18] - The company’s total borrowings as of June 30, 2019, were HKD 1,812,613,000, an increase from HKD 1,480,760,000 as of December 31, 2018, representing a growth of about 22.4%[129] - The group’s current liabilities amounted to HKD 2,072.8 million, an increase from HKD 1,789.4 million as of December 31, 2018[190] Cash Flow and Financing - Cash and bank balances increased to HKD 490,311 from HKD 281,604 year-on-year, indicating improved liquidity[15] - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 99,182, a significant improvement compared to a net cash usage of HKD 256,316 in the same period of 2018[26] - The company reported a net cash inflow from financing activities of HKD 336,518 for the first half of 2019, compared to HKD 498,193 in the same period of 2018, indicating a decrease of approximately 32.5%[26] - The company incurred a net cash outflow from investing activities of HKD 316,210 for the first half of 2019, compared to HKD 171,217 in the same period of 2018, indicating an increase in investment activities[26] - The company’s financing costs totaled HKD 136,399,000 for the six months ended June 30, 2019, compared to HKD 111,172,000 in the same period of 2018, marking an increase of 22.7%[102] Revenue Breakdown - Total revenue for the six months ended June 30, 2019, was HKD 1,882,630,000, comprising HKD 79,073,000 from gas stations and HKD 1,258,959,000 from gas trading and distribution[70] - Revenue from natural gas sales reached HKD 1,258,959 thousand for the six months ended June 30, 2019, compared to HKD 315,534 thousand in the same period of 2018, representing a significant increase of 298%[78] - The revenue from city gas, value-added services, and others was HKD 494,444 thousand for the six months ended June 30, 2019, up from HKD 402,648 thousand in the previous year, marking an increase of 22.8%[78] - The total external segment revenue for the group was HKD 1,882,630 thousand for the six months ended June 30, 2019, compared to HKD 842,645 thousand for the same period in 2018, indicating an overall growth of 123.8%[85] Operational Highlights - The company aims to focus on LNG business development and expand its operations across China[8] - The company has a strong commitment to enhancing its integrated natural gas supply chain capabilities[8] - The company plans to actively participate in the development of the entire natural gas industry chain[8] - The natural gas business experiences seasonal fluctuations, with higher demand typically in the second half of the year due to winter heating consumption[64] - The company operates natural gas projects covering 16 provinces and municipalities in China, including Liaoning, Jilin, Hubei, and others[160] Accounting Policies and Standards - The company has adopted new and revised International Financial Reporting Standards (IFRS) effective from January 1, 2019, including IFRS 16 on leases, which has led to significant changes in accounting policies[33] - The company applies exemptions for short-term leases (12 months or less) and low-value asset leases, recognizing lease payments as expenses on a straight-line basis over the lease term[39] - The company has made adjustments to its accounting policies in accordance with the transitional provisions of the relevant standards and amendments[39] - The company adopted IFRS 16 on January 1, 2019, resulting in a lease liability of HKD 83,089,000, with current liabilities of HKD 8,453,000 and non-current liabilities of HKD 74,636,000[56] Employee and Management Compensation - Short-term employee benefits for key management personnel decreased to HKD 6,531,000 from HKD 9,156,000 in the previous year[149] - The group had a total of 971 employees as of June 30, 2019, compared to 944 employees as of December 31, 2018[192] Market and Strategic Developments - The acquisition of Zhejiang Boxin and Xinte projects was completed in June 2019 for RMB 205 million (approximately HKD 239.2 million)[167] - The acquisition of Zhejiang Boxin enhances the group's LNG supply chain strategy and increases market share in the Yangtze River Delta region, which is a major consumption area for LNG in China[171]