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份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Zhonghua Gas Holdings Limited (中華燃氣控股有限公司) （於開曼群島註冊成立之有限公司） （股份代號：8246） 截至二零二三年六月三十日止六個月之 中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關中華燃氣 控股有限公司（「本公司」）的資料。本公司之董事（「董事」）願共同及個別就本公佈負全 責，並在作出一切合理查詢後確認，就彼等所深知及確信，本 ...

Financial Performance - Revenue for the first quarter of 2023 was RMB 122,965,000, representing a 13.1% increase from RMB 108,761,000 in the same period of 2022[11] - Gross loss for the first quarter of 2023 was RMB 1,706,000, a 27.1% improvement compared to a gross loss of RMB 2,340,000 in the first quarter of 2022[11] - Total comprehensive loss for the period was RMB 16,176,000, which is a 27.9% increase from RMB 12,647,000 in the corresponding period of 2022[11] - Loss attributable to owners of the company was RMB 14,028,000, up 22.0% from RMB 11,502,000 in the same quarter of the previous year[11] - The basic and diluted loss per share for the first quarter of 2023 was RMB (0.004), compared to RMB (0.003) in the first quarter of 2022, reflecting a 33.3% increase in loss per share[15] - The gross loss margin improved to (1.4%) in Q1 2023 from (2.2%) in Q1 2022[11] - The net loss margin increased to (13.2%) in Q1 2023 from (11.6%) in Q1 2022[11] - Other income for the first quarter of 2023 was RMB 5,445,000, slightly down from RMB 5,472,000 in the same period of 2022[16] - Administrative expenses rose to RMB 6,707,000 in Q1 2023, compared to RMB 4,800,000 in Q1 2022[16] - Trade receivables impairment provision increased to RMB 14,260,000 in Q1 2023 from RMB 9,032,000 in Q1 2022[16] - Total comprehensive income for the three months ended March 31, 2023, was RMB 126,777 thousand, compared to RMB 132,045 thousand for the same period in 2022, reflecting a decrease of approximately 4.7%[19] - The total revenue and other income for the three months ended March 31, 2023, was RMB 122,965 thousand, compared to RMB 108,761 thousand for the same period in 2022, indicating a growth of 13.0%[28] - The net loss attributable to the company's owners for the period was approximately RMB 14,000,000, compared to a net loss of approximately RMB 11,500,000 in the corresponding period[39] - The company's basic and diluted loss per share was calculated based on a loss of RMB (14,028,000) for the period[39] - The company recorded a post-tax net loss of approximately RMB 16,200,000 for the period, primarily due to impairment provisions for trade receivables and increased administrative expenses[52] Revenue Sources - Revenue from energy business, specifically LNG sales, reached RMB 122,678 thousand for the three months ended March 31, 2023, an increase of 12.9% from RMB 108,639 thousand in the same period of 2022[28] - The energy business continues to account for over 99% of the total revenue of the group[52] Government Support and Taxation - The company received approximately RMB 10,000 thousand in government subsidies to encourage the development of its energy business during the corresponding period[28] - The income tax expense for the three months ended March 31, 2023, included a current tax provision of RMB 30 thousand, reflecting the company's tax obligations under applicable laws[35] Financial Instruments and Risks - The company has not adopted any financial instruments for hedging purposes during the reporting period[62] - The company is exposed to foreign exchange risks due to its operations primarily in China, with revenues and expenses mainly denominated in RMB[62] - The board will consider foreign exchange hedging arrangements as necessary[62] Share Options and Ownership - The company operates a share option scheme to incentivize eligible participants, which has been effective since December 12, 2011, for a period of 10 years[66] - The total number of shares that may be issued upon the exercise of options granted under the scheme shall not exceed 30% of the issued share capital of the company[66] - As of March 31, 2023, the company has granted a total of 212,480,000 stock options, representing 5.8% of the issued shares[68] - The total number of stock options granted to directors, employees, and consultants during the period remains unchanged at 212,480,000[68] - The company has a significant shareholding by directors, with Mr. Hu holding 547,184,000 shares, accounting for 14.92% of the issued share capital[71] - Ms. Lam holds 493,456,000 shares, representing 13.46% of the issued share capital[71] - The beneficial ownership of Mr. Chan and Ms. Kwan is 22,400,000 shares each, equating to 0.61% of the issued share capital[71] - Ms. Ma has a beneficial ownership of 2,240,000 shares, which is 0.06% of the issued share capital[73] Corporate Governance - The company communicated with shareholders through annual and special general meetings, as well as regular reports and announcements[91] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 throughout the period[92] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the first quarter and confirmed compliance with applicable accounting standards[95] - The Audit Committee's main responsibilities include recommending the appointment and removal of external auditors and reviewing financial statements[93] Strategic Developments - The company continues to explore new business opportunities with Tractebel Engineering S.A. in France and maintains strategic partnerships with several major partners[52] - The company aims to expand its energy business and geographic footprint, seeking opportunities in overseas markets such as Europe through joint ventures and acquisitions[58] Convertible Bonds - The company issued convertible bonds with a principal amount of HKD 97,800,000 at an annual interest rate of 8%[44] - The fair value of the convertible bonds was assessed at RMB 83,383,000 as of March 31, 2023[46] - The net proceeds from the issuance of convertible bonds are approximately RMB 82,700,000, with 50% allocated for general working capital and 50% for enhancing existing business[60] - As of March 31, 2023, approximately RMB 41,400,000 has been utilized for general working capital and approximately RMB 13,000,000 for enhancing existing business[60] - As of March 31, 2023, the net proceeds from the issuance of convertible bonds amounted to approximately HKD 97,500,000 (equivalent to about RMB 82,700,000)[62] Share Transactions - The company agreed to sell approximately 28.38% of its total issued shares, equivalent to 1,040,640,000 shares, to the buyer[74] - Following the completion of the transaction, the buyer will hold 28.38% of the company's issued shares[86] - The transaction is expected to be completed within 60 days from the agreement date, or on another mutually agreed date[74] - Major shareholders, including Lin Min and several investment companies, will no longer hold any shares in the company post-transaction[86] - As of March 31, 2023, the company did not issue any debt securities during the reporting period[87] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[90]

香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，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本公佈的全部或任何部分內容所產生或因依賴該 等內容而引致的任何損失承擔任何責任。 Zhonghua Gas Holdings Limited (中華燃氣控股有限公司) （於開曼群島註冊成立之有限公司） （股份代號：8246） 截至二零二三年三月三十一日止三個月之 第一季度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司之潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關中華燃氣 控股有限公司（「本公司」）的資料。本公司之董事（「董事」）願共同及個別就本公佈負全 責，並在作出一切合理查詢後確認，就彼等所深知及確信，本公佈所載 ...

Financial Performance - The company reported total revenue of approximately RMB 200.5 million for 2022, a decrease of 52.3% compared to the previous year, primarily due to the ongoing COVID-19 pandemic in Tianjin and Shanghai, with Shanghai under lockdown from March to June 2022[29]. - The group's total revenue for the year was approximately RMB 200,500,000, a decrease of about 52.3% from approximately RMB 420,700,000 in the previous year, primarily due to the ongoing COVID-19 outbreaks in key markets like Tianjin and Shanghai[75]. - The revenue from the new energy business decreased by 52.4% to approximately RMB 200,100,000, accounting for 99.8% of the group's total revenue[56]. - The net loss attributable to the company's owners was approximately RMB 5,300,000, a significant reduction of 97.3% from approximately RMB 191,300,000 in the previous year[76]. - The group recorded a post-tax net loss of approximately RMB 3,700,000 for the year, compared to a post-tax net loss of approximately RMB 213,600,000 in the previous year[75]. - The group reported a total comprehensive loss of RMB 3,739,000, representing a 98.2% decrease compared to a loss of RMB 213,585,000 in the previous year[90]. - The basic and diluted loss per share for the year was RMB 0.001, compared to RMB 0.053 in the previous year[47]. - The group reported a basic and diluted loss per share of RMB 0.001, a decrease of 98.1% from RMB 0.053 in the previous year[90]. - The operating loss for 2022 was RMB 3,470,000, significantly improved from RMB 209,276,000 in 2021[159]. - The company reported a net loss of RMB 3,739,000 for 2022, a substantial decrease from RMB 213,585,000 in 2021[159]. Assets and Liabilities - The total assets decreased by 3.4% to RMB 346.729 million in 2022, compared to RMB 358.922 million in 2021[11]. - The group's asset-liability ratio increased to 59.5% as of December 31, 2022, up from 54.5% as of December 31, 2021[61]. - The group's total liabilities decreased to RMB 203,776,000 from RMB 214,230,000, representing a decline of approximately 4.5%[183]. - The group's non-current assets, including property, plant, and equipment, were valued at RMB 50,996,000, down from RMB 66,903,000, indicating a significant reduction of about 23.8%[183]. - The group's current assets totaled RMB 295,733,000, slightly up from RMB 292,019,000, reflecting a marginal increase of about 1.2%[183]. - The group's equity attributable to owners decreased to RMB 109,789,000 from RMB 115,043,000, a decline of approximately 4.5%[183]. - The cash and cash equivalents decreased by 36.2% to RMB 38.752 million in 2022, down from RMB 60.769 million in 2021[11]. - The cash and cash equivalents at the end of the year were RMB 38,752,000, down from RMB 60,769,000, marking a decrease of about 36.3%[188]. - The group’s financing cash flow showed a net outflow of RMB 8,022,000, compared to an outflow of RMB 7,863,000 in the previous year[188]. Business Operations and Strategy - The company expects gradual economic recovery in the coming years, which may lead to overall business improvement[30]. - The strategic partnership with Jiangsu Shagang Group commenced operations in April 2022, with expectations of increased contributions once the COVID-19 situation stabilizes[19]. - The company continues to maintain strategic partnerships with Tractebel Engineering S.A. and other major partners to explore new business opportunities[21]. - The group plans to continue focusing on the recovery and expansion of its new energy business, considering areas beyond LNG supply[68]. - The company aims to become a leading diversified new energy service provider in the Greater China region[87]. - The company has resumed active communication with existing and potential business partners following the lifting of travel restrictions by the Chinese government in Q1 2023[86]. Administrative and Operational Efficiency - Administrative expenses decreased by 4.3% to approximately RMB 24.3 million in 2022, down from RMB 25.4 million in 2021 due to cost-saving measures[43]. - The gross loss margin for the new energy business increased to (4.2%) in 2022 from (1.8%) in 2021, attributed to intense price competition and price volatility in LNG supply[38]. - The cost of sales for the new energy business decreased to approximately RMB 208.5 million in 2022, down from RMB 427.7 million in 2021, primarily due to lower LNG supply costs[36]. - The group’s gross loss was RMB 7,949,000, which is a 13.1% increase compared to a gross loss of RMB 7,029,000 in the previous year[90]. - Trade and other receivables increased by 11.1% to approximately RMB 257,000,000 as of December 31, 2022, compared to approximately RMB 231,300,000 as of December 31, 2021[60]. - Trade receivables impairment reversal for 2022 was RMB 29,394,000, compared to an impairment loss of RMB 195,398,000 in 2021[159]. Share Options and Governance - The total number of unexercised share options granted to directors is 92,832,000, with an exercise price of HKD 0.289 per share[114]. - The total number of unexercised share options for employees is 89,768,000, also with an exercise price of HKD 0.289 per share[114]. - The total number of unexercised share options for consultants is 29,880,000, maintaining the same exercise price of HKD 0.289 per share[114]. - The overall total of unexercised share options across all categories is 212,480,000[114]. - The company has adopted a share option scheme as an incentive for eligible participants[126]. - The company emphasizes effective shareholder communication to strengthen investor relations and ensure timely access to information[92]. - The company’s financial governance is overseen by a well-experienced CFO, ensuring strategic financial decisions are made[191]. Future Outlook and Challenges - There is a significant uncertainty regarding the company's ability to continue as a going concern[165]. - The company plans to hold its annual general meeting on or before June 30, 2023[93]. - The company’s equity changes during the year included a loss of RMB 5,254 thousand in comprehensive income, indicating challenges in profitability[200].

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份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Zhonghua Gas Holdings Limited (中華燃氣控股有限公司) （於開曼群島註冊成立之有限公司） （股份代號：8246） 截至二零二二年十二月三十一日止年度之 年度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司之潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關中華燃氣 控股有限公司（「本公司」）的資料。本公司之董事（「董事」）願共同及個別就本公佈負全 責，並在作出一切合理查詢後確認，就彼等所深知及確信， ...

Financial Performance - For the nine months ended September 30, 2022, the company reported a revenue of HKD 298,439,000, representing a 160.2% increase compared to HKD 358,246,000 for the same period in 2021[10]. - The gross loss margin for the nine months ended September 30, 2022, was 34.8%, compared to 49.0% for the same period in 2021, indicating an improvement in cost management[10]. - The net loss for the nine months ended September 30, 2022, was HKD 130,829,000, which is a 70.264% increase compared to HKD 157,047,000 for the same period in 2021[10]. - The gross profit for the nine months ended September 30, 2022, was reported at HKD 118,804,000, showing a significant recovery from previous losses[10]. - Total comprehensive loss for the nine months ended September 30, 2022, was RMB 146,307,000, compared to RMB 41,338,000 for the same period in 2021, marking an increase of approximately 253%[13]. - The company’s basic and diluted loss per share for the nine months ended September 30, 2022, was RMB 0.036, compared to RMB 0.011 for the same period in 2021, indicating an increase of approximately 227%[13]. - The net loss after tax for the period was approximately RMB 41.3 million, compared to a net loss of RMB 146.3 million for the corresponding period in 2021[42]. - The fair value loss on convertible bonds for the period was approximately RMB 5.5 million, compared to a fair value gain of approximately RMB 5.9 million for the corresponding period in 2021[43]. User Engagement and Market Strategy - The company experienced a significant increase in user engagement, with a reported 317% increase in user data compared to the previous year[10]. - The company is focusing on market expansion strategies, particularly in the United States, to enhance its service offerings and user base[10]. - The company plans to invest in new product development and technology to improve operational efficiency and customer satisfaction[10]. - The company is actively monitoring market trends to adapt its business strategies accordingly and ensure sustainable growth[10]. - The company plans to expand its new energy business and geographic footprint, particularly in Shanghai and surrounding cities, while seeking opportunities in overseas markets like Europe[53]. Cost Management and Operational Efficiency - The company aims to enhance its financial performance by implementing new strategies to reduce operational costs and improve revenue streams[10]. - The company’s administrative expenses for the nine months ended September 30, 2022, were RMB 16,478,000, a decrease from RMB 18,388,000 for the same period in 2021, reflecting a reduction of approximately 10%[13]. - The sales cost for the new energy business was approximately RMB 125.2 million, down from approximately RMB 303.9 million for the corresponding period in 2021[48]. - Administrative expenses decreased by 10.4% to approximately RMB 16.5 million from approximately RMB 18.4 million in the corresponding period due to cost-saving measures[50]. Mergers, Acquisitions, and Partnerships - The board has indicated a commitment to exploring potential mergers and acquisitions to strengthen market position and diversify offerings[10]. - The company continues to maintain strategic partnerships with major collaborators to explore new business opportunities[46]. - The company has established a strategic partnership with Jiangsu Shagang Group, a Fortune Global 500 company, to supply LNG and manage its LNG supply station, expected to contribute positively in 2023[44]. - The company aims to establish new joint ventures and pursue acquisitions to ensure stable LNG supply and management services[53]. Stock Options and Shareholder Information - As of September 30, 2022, the total issued shares amounted to 3,666,936,000 shares, with a par value of HKD 0.00125 per share[58]. - The total number of unexercised stock options granted under the plan was 212,480,000 shares, representing 5.8% of the company's issued shares[67]. - The total number of stock options granted to directors as of September 30, 2022, was 92,832,000 shares, with an exercise price of HKD 0.289[67]. - The total number of stock options granted to employees was 89,768,000 shares, also with an exercise price of HKD 0.289[67]. - The company’s directors and key executives held a total of 547,184,000 shares, representing 14.92% of the issued share capital[69]. - The company’s stock options plan reflects a strategic approach to incentivize key personnel and align their interests with shareholder value[67]. Governance and Compliance - The audit committee reviewed the unaudited financial statements for the third quarter and confirmed compliance with applicable accounting standards[82]. - The company has adhered to the corporate governance code as per GEM listing rules throughout the reporting period[80]. - The board of directors communicated with shareholders through annual and special general meetings[79]. - The company will continue to review and take appropriate actions to comply with the corporate governance code[80].

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 113,780 thousand, a decrease of 47.5% compared to RMB 216,837 thousand for the same period in 2021[7] - The gross loss for the period was RMB 4,349 thousand, representing a gross loss margin of (3.8%), compared to (1.8%) in the previous year[7][11] - Total comprehensive loss for the period was RMB 27,150 thousand, a significant decrease of 78.0% from RMB 123,572 thousand in the corresponding period of 2021[7] - The company reported a basic and diluted loss per share of RMB 0.007, a decrease of 76.7% from RMB 0.030 in the previous year[7] - Operating loss for the six months was RMB 27,012, significantly improved from an operating loss of RMB 128,729 in the same period last year[23] - The group reported a loss of RMB 27,150 thousand for the six months ended June 30, 2022, compared to a loss of RMB 123,572 thousand for the same period in 2021, showing an improvement in financial performance[59] - The net loss attributable to the company's owners for the current period was approximately RMB 25.6 million, a reduction of 76.7% from approximately RMB 109.9 million in the corresponding period[114] Assets and Liabilities - The net asset value decreased by 18.8% to RMB 117,542 thousand from RMB 144,692 thousand as of December 31, 2021[8] - The company's total assets as of June 30, 2022, were RMB 325,650, down from RMB 358,922 at the end of 2021[25] - Current assets decreased to RMB 266,341 from RMB 292,019 at the end of 2021[25] - Total equity attributable to owners of the company was RMB 89,464, down from RMB 115,043 at the end of 2021[25] - Non-current liabilities increased to RMB 86,383 from RMB 81,701 at the end of 2021[25] - The total liabilities as of June 30, 2022, were RMB 117,822 thousand, down from RMB 127,966 thousand as of December 31, 2021, indicating a decrease of approximately 7.9%[90] - The company's asset-liability ratio as of June 30, 2022, was 71.8%, up from 54.5% as of December 31, 2021[116] Cash Flow and Liquidity - Cash and cash equivalents decreased by 12.1% to RMB 53,429 thousand from RMB 60,769 thousand as of December 31, 2021[8] - Net cash used in operating activities was RMB (4,477) thousand, a decrease from RMB (7,323) thousand in the previous period, indicating improved operational efficiency[30] - Cash flow from investing activities showed a net inflow of RMB 6 thousand, compared to a net outflow of RMB (8,598) thousand previously, reflecting a significant turnaround in investment performance[30] - Total cash and cash equivalents decreased by RMB (9,345) thousand, a notable improvement from a decrease of RMB (21,613) thousand in the prior period, indicating better liquidity management[30] Revenue Sources - Revenue from LNG trading and management fees for the six months ended June 30, 2022, was RMB 113,290 thousand, a decrease of 47.8% compared to RMB 216,593 thousand for the same period in 2021[46] - Rental income from property investment remained stable at RMB 244 thousand for both periods, indicating no change year-over-year[46] - Other income, including government subsidies, amounted to RMB 5,723 thousand for the six months ended June 30, 2022, compared to RMB 5,728 thousand in the previous year[47] - The group received government subsidies totaling RMB 28,000 thousand for promoting new energy business during the six months ended June 30, 2022, down from RMB 51,000 thousand in the previous year[47] Expenses and Cost Management - The group incurred administrative expenses of RMB 10,419 thousand for the six months ended June 30, 2022, compared to RMB 12,452 thousand in the same period of 2021, reflecting a reduction of 16.5%[59] - The sales cost for the new energy business was approximately RMB 118.1 million, down from approximately RMB 220.8 million in the corresponding period, primarily due to a decrease in LNG supply costs[110] - The gross loss margin for the new energy business increased from 1.9% in the corresponding period to 4.0% in the current period, attributed to intense price competition in LNG[111] Shareholder Information - The company did not declare any dividends for the period[7] - The weighted average number of ordinary shares used to calculate the basic and diluted loss per share increased to 3,666,936 thousand shares as of June 30, 2022, from 3,622,136 thousand shares as of June 30, 2021[67] - The number of unexercised share options as of June 30, 2022, was 212,480,000 shares, which is 5.8% of the total issued shares, down from 257,280,000 shares (7.1%) a year earlier[94] - The total remuneration for directors and key management personnel increased to RMB 2,183 thousand for the six months ended June 30, 2022, compared to RMB 1,944 thousand for the same period in 2021, marking an increase of approximately 12.3%[103] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors and has reviewed the interim financial results[155] - The external auditor has not identified any significant modifications needed for the interim financial information as of June 30, 2022[155] - The company has adopted corporate governance practices in compliance with GEM listing rules[153] - The company communicated with shareholders through annual and special general meetings[151]

Financial Performance - Revenue for the first quarter of 2022 was RMB 108,761,000, a decrease of 23.1% compared to RMB 141,420,000 in the same period of 2021[10]. - The gross loss for the first quarter of 2022 was RMB 2,340,000, with a gross loss margin of 2.2%, compared to a gross loss margin of 1.7% in the same period of 2021[10][11]. - The total comprehensive loss for the period was RMB 12,647,000, a significant decrease of 74.8% from RMB 50,188,000 in the first quarter of 2021[10]. - The loss attributable to owners of the company was RMB 11,502,000, compared to RMB 45,105,000 in the same period of the previous year, reflecting a 74.5% reduction[10]. - The basic and diluted loss per share for the first quarter of 2022 was RMB (0.003), compared to RMB (0.013) in the same period of 2021, indicating a 76.9% improvement[15]. - The net loss margin for the first quarter of 2022 was 11.6%, compared to 35.5% in the same period of 2021, indicating improved financial performance[10][11]. - Total comprehensive income for the three months ended March 31, 2022, was RMB 108,639 thousand, a decrease of 23.1% from RMB 141,298 thousand for the same period in 2021[24]. - The company's total revenue for the period decreased by 23.1% to approximately RMB 108,800,000 compared to RMB 141,400,000 in the corresponding period[48]. - The net loss attributable to the company's owners for the period was approximately RMB 11,500,000, a significant improvement from a net loss of approximately RMB 45,100,000 in the previous period[49]. Expenses and Provisions - The administrative expenses for the first quarter of 2022 were RMB 4,800,000, down from RMB 6,491,000 in the same period of 2021[16]. - Trade receivables impairment provision decreased significantly to RMB 9,032,000 from RMB 61,200,000 in the same period of the previous year[16]. - The sales cost for the renewable energy business was approximately RMB 111,100,000, down from approximately RMB 143,800,000 in the corresponding period, primarily due to a decrease in LNG supply costs[53]. - The impairment provision for trade receivables decreased from approximately RMB 61,200,000 in the previous period to approximately RMB 9,000,000 in the current period[48]. - Administrative expenses decreased by 26.1% from approximately RMB 6,500,000 to approximately RMB 4,800,000 due to cost-saving measures[54]. Dividends and Shareholder Information - The company did not declare any dividends for the first quarter of 2022, consistent with the previous year[10]. - The company did not recommend any dividends for both periods[37]. - The average number of ordinary shares used to calculate basic and diluted loss per share was 3,666,936 thousand shares, compared to 3,622,136 thousand shares in the previous period[36]. - As of March 31, 2022, Mr. Hu holds 547,184,000 shares, representing 14.92% of the company's issued share capital[80]. - Ms. Lin has an interest in 493,456,000 shares, accounting for 13.46% of the company's issued share capital[80]. - Depot Up Limited holds 640,000,000 shares, which is 17.45% of the company's issued share capital[87]. Stock Options and Corporate Governance - The company has granted a total of 28,000,000 stock options in 2014, with an exercise price of HKD 0.81, equivalent to 224,000,000 options after a share split in 2016[78]. - The total number of stock options granted, exercised, or canceled during the period is detailed in the report, with specific exercise periods and prices listed[78]. - The company has a cap on the total number of shares that can be issued upon the exercise of stock options, not exceeding 10% of the issued shares on the date of listing[76]. - The stock options plan is valid for a period of 10 years starting from December 12, 2011, and can be exercised at the discretion of the board[76]. - The company has a limit that the total number of shares issued due to stock options exercised in any 12-month period cannot exceed 1% of the issued shares[76]. - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 throughout the reporting period[95]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the first quarter of 2022 and confirmed compliance with applicable accounting standards[97]. Business Strategy and Market Outlook - The company is focused on improving operational efficiency and reducing losses in future quarters[10]. - The company continues to focus on providing diversified integrated new energy services, including technology development for heating and coal-to-gas solutions[21]. - The company aims to expand its renewable energy business and geographic footprint, particularly in Europe, while seeking growth opportunities through joint ventures and mergers[57]. - The company expects a continued decrease in the number of new projects in the future due to market saturation in certain areas[49]. - The renewable energy business contributed over 99% to the total revenue, despite significant demand drops due to lockdown policies[48]. - The company continues to maintain strategic partnerships with major players, including a Fortune Global 500 company, to explore new business opportunities in the LNG sector[50]. Other Financial Information - The company reported a foreign exchange gain of RMB 238 thousand for the three months ended March 31, 2022, compared to a loss of RMB 9 thousand in the same period of 2021[26]. - The fair value loss on convertible bonds for the three months ended March 31, 2022, was RMB 2,113 thousand, contrasting with a gain of RMB 10,216 thousand for the same period in 2021[26]. - Other losses recorded during the period amounted to approximately RMB 1,900,000, compared to other income of approximately RMB 10,200,000 in the corresponding period, primarily due to a fair value loss on convertible bonds[54]. - The company has not issued any debt securities during the reporting period[91]. - There were no purchases, sales, or redemptions of any shares by the company or its subsidiaries during the reporting period[93].

Financial Performance - The company recorded total revenue of RMB 420.7 million for the year ended December 31, 2021, representing a 72.6% increase compared to the previous year[9]. - The company's total revenue for the year was approximately RMB 420.7 million, an increase of 72.6% compared to RMB 243.7 million in the previous year[26]. - The net loss for the year was approximately RMB 213.6 million, compared to a net loss of RMB 143.5 million in the previous year, primarily due to an increase in trade receivables impairment provision[26]. - The gross loss increased from approximately RMB 4.1 million in the previous year to approximately RMB 7 million this year, attributed to intense competition and price volatility in the LNG market[26]. - The company recorded a gross loss margin of 1.8% for the new energy business, slightly improved from 1.9% in the previous year[37]. - Revenue from the new energy business increased by 72.8% to approximately RMB 420,200,000 this year from approximately RMB 243,200,000 last year, accounting for 99.9% of the company's total revenue[47]. Business Expansion and Strategy - The expansion of the liquefied natural gas (LNG) supply business into Shanghai significantly contributed to revenue growth[9]. - The company aims to further expand its domestic market beyond Tianjin, targeting areas with high affordability and clean energy initiatives[10]. - The company plans to explore overseas markets, including Europe, after the lifting of lockdown measures[10]. - The company is committed to developing and expanding its new energy business, considering collaborations on suitable projects[10]. - The company emphasizes the potential for growth in the new energy sector, particularly in developed regions like the Yangtze River Delta[10]. - The company aims to become a leading diversified new energy service provider in the Greater China region[10]. - The company plans to further develop its LNG supply business in Shanghai, which contributed approximately 60% of the total revenue this year[28]. - A strategic cooperation agreement was signed with Jiangsu Shagang Group to create synergies in the LNG refueling station and pipeline natural gas supply sectors[28]. - The company aims to expand its new energy business and explore opportunities in overseas markets, particularly in Europe, during the post-pandemic recovery[81]. Financial Position and Assets - The total assets decreased by 39.7% to RMB 358.9 million from RMB 595 million in the previous year[17]. - The net asset value decreased by 59.2% to RMB 144.7 million from RMB 354.5 million in the previous year[17]. - Cash and cash equivalents decreased by 28.9% to RMB 60.8 million from RMB 85.5 million in the previous year[17]. - The company's asset-liability ratio increased to 54.5% as of December 31, 2021, from 27.2% as of December 31, 2020, due to a decrease in total equity[53]. - The company raised approximately RMB 82,700,000 from the issuance of convertible bonds, with plans to use 50% for general working capital and 50% for enhancing existing business[57]. - The company raised approximately HKD 97,500,000, with 50% allocated for general working capital and 50% for enhancing existing business operations[68][72]. - As of December 31, 2021, the company had issued a total of 3,666,936,000 shares at a par value of HKD 0.00125 per share[73]. - As of December 31, 2021, the reserves available for distribution to equity shareholders were approximately RMB 115 million (previous year: approximately RMB 302.6 million)[196]. - As of December 31, 2021, the group had no outstanding bank loans or other borrowings, nor any bank financing (previous year: none)[199]. Governance and Compliance - The company has maintained high standards of corporate governance to enhance shareholder value and ensure transparency and accountability[96]. - The board consists of four executive directors and three independent non-executive directors, responsible for managing and monitoring the company's business and strategy[102]. - The company has adopted a board diversity policy effective from September 1, 2013, focusing on gender, age, work experience, and ethnicity to enhance strategic goals and sustainable development[100]. - All independent non-executive directors have submitted annual independence confirmation letters, and the company believes they meet the independence guidelines[102]. - The company has complied with the GEM Listing Rules and adopted the necessary amendments to the corporate governance code for the year[97]. - The company has established a clear framework for independent directors, ensuring their rights and responsibilities are well-defined[113]. - The company has established an enterprise risk management framework to ensure effective risk management practices[140]. - The Board is responsible for establishing a clear enterprise risk management framework and policies[141]. - The Audit Committee supervises the overall risk management procedures and reviews the risk register[142]. - The company is committed to ensuring compliance with corporate governance policies and regulations[129]. Risk Management - The management is closely monitoring government policy changes, particularly regarding the development of new energy and natural gas consumption, which may increase operational costs[156]. - The company has implemented internal control measures to address identified risks and continuously monitors changes in these risks[151]. - The internal audit team has completed the annual internal control review, identifying issues and proposing corrective measures[152]. - The company maintains a zero-tolerance policy towards unethical behaviors such as bribery and fraud, reinforcing its integrity culture[154]. - The company is actively seeking multiple stable LNG suppliers to avoid reliance on a single supplier, thereby mitigating supply chain risks[160]. - The company has increased its credit risk provisions due to the financial difficulties faced by customers amid the COVID-19 pandemic[162]. - The company is conducting regular safety inspections and emergency planning to address the risks posed by extreme weather conditions on infrastructure[162]. Employee and Stakeholder Relations - The company recognizes employees as key to business success and aims to foster a supportive work environment[187]. - The company has established good relationships with customers and suppliers, continuing to provide quality products and services[187]. - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders[170]. - The company plans to hold its annual general meeting by June 30, 2022[174]. Environmental and Social Responsibility - The company is committed to sustainable development and has implemented policies to reduce environmental impact[182]. - The company will publish its environmental, social, and governance report within five months after the fiscal year-end[185]. - The company strictly adheres to national hazardous chemical regulations and operational standards to ensure a 100% monitoring rate of critical production operations[158]. - The company has implemented internal inspections to reduce the risk of violating environmental laws and regulations[160].

Financial Performance - For the nine months ended September 30, 2021, the company reported a revenue of 298,429 million RMB, representing a 275.1% increase compared to 79,557 million RMB for the same period in 2020[6]. - The net loss for the nine months ended September 30, 2021, was 146,307 million RMB, which is a significant improvement from a net loss of 38,812 million RMB in the same period of the previous year[10]. - The basic loss per share for the nine months ended September 30, 2021, was 0.036 RMB, compared to 0.010 RMB for the same period in 2020[11]. - The gross loss margin for the nine months ended September 30, 2021, was 49.0%, a decrease from 48.8% in the same period of 2020[7]. - Revenue for the three months ended September 30, 2021, was RMB 81,602 thousand, a significant increase from RMB 10,795 thousand in the same period of 2020, representing a growth of approximately 655%[12]. - The total comprehensive loss for the period was RMB (22,735) thousand, compared to RMB (18,539) thousand in the same quarter of 2020[12]. - The total comprehensive loss for the nine months was RMB (146,307) thousand, compared to RMB (38,812) thousand in the same period of 2020[12]. - The company reported a net loss attributable to owners of the company of RMB 130,829 thousand for the nine months ended September 30, 2021, compared to a loss of RMB 36,236 thousand for the same period in 2020, indicating a significant increase in losses[32]. User Growth and Market Strategy - The company experienced a significant increase in user data, with a reported 655.9% growth in the number of active users compared to the previous year[6]. - The company plans to expand its market presence and is exploring new strategies for growth, including potential mergers and acquisitions[6]. - The management provided a positive outlook for the upcoming quarters, anticipating continued growth in user engagement and revenue generation[6]. Research and Development - Research and development efforts are focused on new product innovations to enhance service offerings and improve operational efficiency[6]. - The company will continue to focus on developing its new energy business and is expected to leverage the strong growth potential in China's new energy sector[58]. Financial Management and Compliance - The company is committed to maintaining transparency and accuracy in its financial reporting, ensuring compliance with regulatory standards[6]. - The financial statements are prepared in accordance with International Accounting Standards and reflect the company's financial position as of September 30, 2021[17]. - The audit committee reviewed the unaudited third-quarter financial statements and confirmed compliance with applicable accounting standards[90]. - The company has adhered to the corporate governance code as per GEM listing rules throughout the reporting period[88]. Cost Management - The company aims to improve its financial performance by optimizing cost structures and enhancing revenue streams through strategic initiatives[6]. - The total employee costs for the nine months ended September 30, 2021, amounted to RMB 9,182 thousand, a decrease of 17.5% from RMB 11,137 thousand in the same period of 2020[29]. - Administrative expenses increased by 6.1% to approximately RMB 18.4 million, primarily due to depreciation of newly purchased vehicles[53]. Capital Structure and Shareholder Information - The convertible bonds issued on November 16, 2020, had a principal amount of HKD 97,800,000 with an annual interest rate of 8%, reflecting the company's strategy to raise capital[37]. - The company raised approximately HKD 97,500,000 (equivalent to about RMB 82,700,000) through the issuance of convertible bonds, with 50% allocated for general working capital and 50% for enhancing existing business operations[65]. - As of September 30, 2021, the company had a total of 3,622,136,000 issued shares, with a par value of HKD 0.00125 per share[66]. - The board of directors did not recommend any dividend payment for the period[67]. - The company has a stock option plan in place, with a maximum of 30% of the issued share capital available for options, and the total number of shares issued under all plans cannot exceed 10% of the issued shares at the time of listing[71]. Risk Management - The company is managing foreign exchange risk due to operations primarily in China, with revenues and expenses mainly denominated in RMB[68]. - The company did not incur taxable profits in China for the nine months ended September 30, 2021, thus no corporate income tax provision was necessary[27]. Strategic Partnerships - The company signed a strategic cooperation agreement with Jiangsu Shagang Group, a Fortune Global 500 company, to create synergies in LNG refueling stations and pipeline natural gas supply[45]. - The company plans to explore new cooperation opportunities with other major LNG suppliers to secure stable supply and achieve growth in the LNG supply business[58]. Other Financial Information - The company received government subsidies of RMB 420,000 related to the employment support scheme during the COVID-19 pandemic[20]. - The company recorded other income of approximately RMB 6 million, mainly due to the fair value gain of convertible bonds amounting to approximately RMB 5.9 million[52]. - The fair value loss on the convertible bonds was RMB 14,166 thousand as of November 16, 2020, indicating volatility in the bond's market value[37].