China CBM Group Company Limited 中 國 煤 層 氣 集 團 有 限 公 司 GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and ...

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的任何損失承擔任何責任。 China CBM Group Company Limited 中 國 煤 層 氣 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 並 於 百 慕 達 存 續 之 有 限 公司 ） （股份代號：8270） 截至二零二五年六月三十日止六個月 中期業績公佈 中國煤層氣集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈本集團截至二零二五年六月三十日止六個月的未經審核中 期業績。本公佈列載本公司二零二五年中期報告全文，乃符合香港聯合交易所有 限公司GEM證券上市規則（「GEM上市規則」）中有關全年業績初步公告附載之相 關資料要求。 承董事會命 中國煤層氣集團有限公司 主席 王忠勝 中國，二零二五年八月二十一日 於本公佈日期，執行董事為王忠勝先生、常建先生、陳毅凱先生、王琛先生及梁 志豪先生，非執行董事為李斯亮女士，以及獨立非執行董事為劉振邦先生、徐願 ...

知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：蓝焰控股（000968）,国新能源（600617）,天壕能源（300332）,新锦动力（300157）,准油股 份（002207）,陕天然气（002267）,山西焦化（600740）,华阳股份（600348）,中国石油（601857） 相关报告：智研咨询发布的《2025-2031年中国煤层气行业市场供需规模及未来前景分析报告》 根据国家统计局数据显示：2025年6月中国煤层气产量为15.8亿立方米，同比下降3.7%；2025年上半年 中国煤层气累计产量为89.4亿立方米，累计增长7.7%。 数据来源：国家统计局，智研咨询整理 ...

中 國 煤 層 氣 集 團 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈， 董 事 會 會 議 將 於 二 零 二 五 年 八 月 二 十 一 日（星 期 四）下 午 二 時 正 假 座 中 國 山 西 省 晉 城 市 沁 水 縣 嘉 峰 鎮 李 莊 村 主 體 大 樓 會 議 室 舉 行，以 便： 承董事會命 中國煤層氣集團有限公司 主 席 王忠勝 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。 China CBM Group Company Limited 中 國 煤 層 氣 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 並 於 百 慕 達 存 續 之 有 限 公 司 ） （股份代號：8270） 董事會會議通告 香 港，二 零 二 五 年 八 月 十 一 日 – 1 – 1. 省覽及批准本公司及其附屬公司截至二零二五年六月三十日止六 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國煤層氣集團有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08270 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,500,000,000 | HKD | | 0.08 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,500,000,000 | HKD | | 0.08 | HKD | | 200,000,000 | 本月底法定/註 ...

Share Option Plan - The new share option plan was adopted in 2022, allowing the company to grant options to selected eligible participants as a reward for their contributions[3]. - The remaining duration of the new share option plan is approximately 7.24 years as of December 31, 2024[4]. - As of December 31, 2024, the number of options available for grant under the new share option plan is zero shares[4]. - The maximum allocation for each participant under the new share option plan cannot exceed 1% of the issued shares[5]. - The company has not implemented any other share option plans that comply with GEM Listing Rules Chapter 23 as of the fiscal year ending December 31, 2024[6].

Operations and Market Position - The Group's operations focus on the manufacture and sales of liquefied coalbed gas, primarily located in the Shanxi Qinshui Basin, which is known for its rich reserves [19]. - Significant investments have been made in resource exploration and exploitation at coalbed methane blocks in Yangcheng, Shanxi, since July 2011, enhancing the Group's position in China's unconventional gas market [21]. - The Group aims to stabilize natural gas supply and increase utilization of its liquefied natural gas (LNG) plant through successful gas supply initiatives [21]. - The Group's distribution network extends to various regions, including Shanxi Province, ensuring a broad market reach [20]. - The Group's commercial production of coalbed gas has transformed it into a vertically integrated natural gas company [21]. - The Group's commitment to enhancing its leading position in the market is reflected in its ongoing investments and strategic initiatives [21]. - The Group has developed a diversified customer base, including industrial, commercial, and residential customers, optimizing its sales mix to reduce uncertainty in future natural gas sales [32]. - The Group has established a complete business process covering CBM extraction, liquefaction, pipelines, transportation, distribution, and technical services [26]. Financial Performance - The Group recorded a consolidated turnover of approximately RMB243,568,000 for the year ended 31 December 2024, representing an increase of approximately 1.73% compared to the previous year [49]. - The Group reported a loss attributable to equity shareholders of approximately RMB34,645,000 for the year ended 31 December 2024, compared to a profit of approximately RMB2,530,000 for the year ended 31 December 2023 [50]. - The value-added tax refund decreased from RMB7,723,000 to RMB2,439,000, and government grants decreased from RMB3,607,000 to RMB1,014,000 in 2024 [51]. - The Group's profitability and cash flow position are projected to improve as the number of production wells increases and their capabilities are enhanced [27]. - The Group's natural gas extraction business has generated revenue, profit, and cash flow, with expectations for further improvement as the number and capabilities of production wells increase [27]. - As of December 31, 2024, the Group had net assets of approximately RMB 123,052,000, including cash and bank balances of approximately RMB 48,484,000 [65]. - The Group's gearing ratio was approximately 20.98% as of December 31, 2024, compared to 11.78% in 2023 [65]. Research and Development - The Group commenced R&D on a new technology for natural gas production in 2016, which is currently under development and aims to achieve stable long-term operation at reduced temperatures [42]. - The Group discovered a thermal extraction technology that enhances reserves and increases production through thermal transformation of underground coal minerals, which is expected to positively impact upstream wellhead gas output [44]. - The thermal extraction technology is still in the preparatory stage, but its successful development is anticipated to provide stable gas supply for the Group's liquefied natural gas plants [45]. - The Group's R&D on the ultra-high-temperature steam-induced coal mineral transformation technology began in 2016, with pilot operations starting in June 2021 [80][81]. - By the end of 2024, the small-scale pilot unit using domestically produced heat-resistant steel failed to achieve stable long-term operation at 1,100°C [80][81]. - The Group shifted its focus to reducing reaction temperatures, achieving a basic operating environment of 1,000°C as of January 2025 [80][81]. - Successful development of the thermal extraction technology will ensure a stable gas supply for the Group's liquefied natural gas plants, enhancing profitability [83]. Corporate Governance - The Group has complied with all provisions in the Company Code and the Code Provisions during the year ended December 31, 2024, except for specific provisions related to the Chairman and Chief Executive [94]. - The Board consists of nine Directors, including five executive Directors and three independent non-executive Directors, ensuring compliance with GEM Listing Rules [98]. - The Company has adhered to all provisions of the corporate governance code for the year ending December 31, 2024, except for specific deviations noted in the corporate governance report [99]. - The independent non-executive Directors have confirmed their independence in accordance with Rule 5.09 of the GEM Listing Rules, ensuring at least one-third of the Board is independent [104]. - The Board is responsible for the overall leadership and control of the Company, including setting objectives, strategies, and monitoring financial performance through annual budgets [114]. - The Company has delegated day-to-day management responsibilities to management staff under the supervision of the Board, ensuring effective operational oversight [116]. - The roles of the chairman and chief executive are separated, with Mr. Wang Zhong Sheng serving as chairman and other executive Directors undertaking CEO duties [117]. - The Company has complied with GEM Listing Rules regarding the appointment and rotation of independent non-executive Directors, ensuring proper governance practices [108]. - The Board has reviewed corporate governance policies, training for directors, and compliance with legal requirements in 2024 [109]. Environmental and Social Responsibility - The Group emphasizes social responsibility while developing in the new energy sector, aiming to provide high-quality clean energy [22]. - The Group emphasizes its commitment to environmental and social responsibility, ensuring compliance with relevant laws and regulations [37]. - The Environmental, Social, and Governance (ESG) report reflects the Board's dedication to minimizing environmental impact and addressing climate change challenges [200]. - The Company is committed to sustainable development in the natural gas sector, focusing on extraction, liquefaction, production, and sale of natural gas [200]. Workforce and Diversity - The current Board consists of nine Directors aged between 38 and 77, with diverse experience in natural gas, engineering, and finance [156]. - The Company aims to maintain a diverse Board composition based on various factors including skills, knowledge, and experience [155]. - The Group has a workforce gender ratio of approximately 2:1, favoring males [160]. - The Remuneration Committee reviewed the remuneration packages of Directors considering market conditions and individual contributions [150]. - The Board Diversity Policy aims to achieve gender balance by December 31, 2024, and includes members with diverse industry experience [160]. Audit and Compliance - The Audit Committee conducted two meetings in 2024, reviewing the Group's quarterly, half-yearly, and annual results [175]. - The Group's results for the year ended December 31, 2024, were deemed compliant with applicable accounting standards and GEM Listing Rules [177]. - The external auditors, KTC Partners CPA Limited, received approximately RMB1,250,000 for audit services in 2024, with no non-audit services provided [187]. - The Audit Committee concluded that the Group has established a sound internal control environment and complied fully with the internal control and risk management code provisions in 2024 [186]. - The Company has published annual, interim, and quarterly reports containing detailed information about the Group, emphasizing the importance of shareholder feedback [193].

Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately RMB 243,568,000, an increase of about 1.73% compared to RMB 239,421,000 for the fiscal year ending December 31, 2023[5]. - The group reported a loss of approximately RMB 34,646,000 for the fiscal year ending December 31, 2024, compared to a profit of approximately RMB 2,155,000 for the fiscal year ending December 31, 2023[5]. - The loss per share for the fiscal year ending December 31, 2024, was RMB 8.87, while the earnings per share for the fiscal year ending December 31, 2023, was RMB 0.69[5]. - The gross profit for the fiscal year ending December 31, 2024, was RMB 26,338,000, compared to RMB 26,375,000 for the fiscal year ending December 31, 2023[6]. - The total comprehensive loss for the fiscal year ending December 31, 2024, was RMB 37,749,000, compared to a total comprehensive income of RMB 10,352,000 for the fiscal year ending December 31, 2023[7]. - The company reported a total comprehensive income of RMB 10,352 thousand for the year, compared to a loss of RMB 34,645 thousand in the previous year[10]. - The company reported a loss attributable to equity shareholders of RMB 34,645,000 for 2024, compared to a profit of RMB 2,530,000 in 2023[52]. Dividends and Shareholder Returns - The board of directors has resolved not to recommend the payment of a final dividend for the fiscal year ending December 31, 2024[5]. - The company did not recommend the payment or declaration of dividends for the fiscal year ending December 31, 2024, consistent with the previous year[45]. - The basic loss per share for the fiscal year ending December 31, 2023, was calculated based on the weighted average number of ordinary shares of 367,723,000, adjusted for the share consolidation completed on January 5, 2023[38]. Assets and Liabilities - Total assets decreased from RMB 338,338 thousand in 2023 to RMB 327,749 thousand in 2024, a decline of approximately 3.5%[8]. - Non-current assets decreased from RMB 251,580 thousand in 2023 to RMB 237,193 thousand in 2024, a reduction of about 5.7%[8]. - Current liabilities increased from RMB 171,193 thousand in 2023 to RMB 201,725 thousand in 2024, an increase of approximately 17.8%[9]. - Net asset value decreased from RMB 160,801 thousand in 2023 to RMB 123,052 thousand in 2024, a decline of about 23.5%[9]. - The company’s total liabilities increased from RMB 171,193 thousand in 2023 to RMB 201,725 thousand in 2024, reflecting a rise of approximately 17.8%[9]. - The company's current liabilities exceeded its current assets by approximately RMB 111,169,000 as of December 31, 2024, raising significant doubts about its ability to continue as a going concern[15]. Cash Flow and Financing - The company’s cash and cash equivalents increased from RMB 45,444 thousand in 2023 to RMB 48,484 thousand in 2024, an increase of approximately 5.4%[8]. - The group anticipates generating positive cash flow from operations in the foreseeable future[17]. - The total amount owed to construction and material suppliers is approximately RMB 63,700,000, with suppliers agreeing not to demand repayment before May 31, 2026[17]. - An unsecured loan of approximately RMB 10,400,000 has had its repayment period extended to May 31, 2026[17]. - The group is in discussions with several banks to obtain additional financing as needed[17]. Operational Highlights - The company did not report any significant new product developments or market expansions during the fiscal year[5]. - There were no acquisitions or major strategic changes announced in the latest earnings report[5]. - Sales of liquefied coalbed gas amounted to RMB 207,873,000, up 19.7% from RMB 173,613,000 in the previous year[23]. - The total employee cost for 2024 was RMB 26,001,000, slightly up from RMB 25,612,000 in 2023[32]. - The company wrote off construction costs of approximately RMB 22,427,000 in 2024 due to the termination of a drilling development project[52]. - The group completed the surface construction and drilling of 229 coalbed methane wells, with 170 of them being productive wells, which have been in stable production since coming online[59]. Technology and Development - The group has initiated the development of a new technology for natural gas production, which is expected to provide raw gas for the liquefied natural gas project and generate additional revenue through technology usage fees[66]. - The group is also developing a thermal extraction technology that is anticipated to positively impact upstream well output, with plans to offer related services and equipment sales to coalbed methane extraction companies[67]. - The development of thermal extraction technology is expected to stabilize gas supply for the liquefied natural gas plant, reducing operational risks and enhancing commercial value[68]. Governance and Compliance - The company has established an audit committee in compliance with GEM Listing Rules, which held four meetings during the year[89]. - The company has complied with all applicable provisions of the Corporate Governance Code as of December 31, 2024[92]. - The roles of the Chairman and CEO are separated, ensuring a balance of power and authority within the board[93]. - All independent non-executive directors have confirmed their independence according to GEM Listing Rules[96]. - The board of directors is responsible for ensuring the accuracy and completeness of the information disclosed in the announcement[99]. Share Options and Equity - The previous share option plan allowed for the issuance of 32,119,074 options, all of which have expired without being exercised[75]. - The new share option plan, effective for 10 years, has no options available for grant as of December 31, 2024[76]. - The total number of unexercised share options as of January 1, 2024, is 10,865,003 shares, with a weighted average exercise price of HKD 0.456[81]. - The total number of share options granted during the year is 24,100,003, all of which are immediately vested for a contract term of 10 years[81].

2024 INTERIM REPORT 中期報告 中 國 煤 層 氣 集 團 有 限 公 司 China CBM Group Company Limited (於開曼群島註冊成立並在百張建繼續營業之有限公司) (Incorporated in the Cayman Islands and continued in Bermuda with Imited liability) 股份代號：Stock Code: 8270 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospect ...

Company Overview - China CBM Group Company Limited reported its interim results for the six months ending June 30, 2024[1]. - The company is listed on the GEM of the Stock Exchange of Hong Kong, which is designed for companies with higher investment risks[2]. - The company’s registered office is located in Bermuda, while its principal place of business is in Tsuen Wan, Hong Kong[8]. - The principal banker for the company is Bank of China (Hong Kong) Limited[9]. - The company operates primarily in the People's Republic of China, with all business activities transacted in RMB[20]. Financial Performance - The Group's revenue for the six months ended June 30, 2024, was approximately RMB 120,057,000, representing an increase of approximately 18.3% compared to the corresponding period in the previous financial year[10]. - The Group recorded a loss attributable to equity shareholders of approximately RMB 4,113,000 for the Interim Period[10]. - Loss per share for the Group was approximately RMB 1.05 cents for the Interim Period[10]. - Gross profit for the Interim Period was RMB 14,695,000, compared to RMB 15,398,000 in the same period of 2023[12]. - Total comprehensive loss for the period was (4,831,000), compared to a total comprehensive income of 2,147,000 in the same period of 2023[13]. - The loss for the period was RMB 4,113,000, contributing to a total comprehensive loss of RMB 4,831,000 for the six months ended June 30, 2024[18]. - Revenue for the sale of liquefied coalbed gas reached RMB 108,150,000, a 39.6% increase from RMB 77,426,000 in the same period of 2023[22]. - The gross profit margin decreased from 15.2% to 12.2% due to a decline of more than 10% in LNG selling prices during the period[50]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 354,584,000, an increase from RMB 338,338,000 as of December 31, 2023[14]. - Current liabilities totaled RMB 195,214,000 as of June 30, 2024, compared to RMB 171,193,000 as of December 31, 2023[14]. - Net current liabilities were (88,800,000) as of June 30, 2024, compared to (84,435,000) as of December 31, 2023[15]. - Equity attributable to equity shareholders of the Company was RMB 160,186,000 as of June 30, 2024, down from RMB 165,017,000 as of December 31, 2023[16]. - The total equity attributable to shareholders at June 30, 2024, was RMB 155,970,000, down from RMB 160,800,000 at the beginning of the year[18]. Cash Flow - For the six months ended June 30, 2024, cash inflow from operating activities was RMB 8,623,000, compared to a cash outflow of RMB 5,529,000 in the same period of 2023[17]. - Cash outflow from investing activities decreased to RMB 5,567,000 from RMB 7,152,000 year-over-year[17]. - Cash inflow from financing activities increased significantly to RMB 9,557,000, up from RMB 5,120,000 in the previous year[17]. - The net cash and bank balances at June 30, 2024, were RMB 58,057,000, compared to RMB 142,873,000 at the same date in 2023[17]. - The company reported a cash balance of RMB 45,444,000 at January 1, 2024, which increased to RMB 58,057,000 by June 30, 2024[17]. Corporate Governance - The audit committee is chaired by Mr. Lau Chun Pong, ensuring oversight of financial reporting[7]. - The board of directors collectively accepts full responsibility for the report's contents[4]. - The Company emphasizes adherence to corporate governance standards[98]. - The Company maintains a commitment to transparency and independence in its governance structure[98]. - The Company has confirmed the independence of all its independent non-executive Directors as per GEM Listing Rules[98]. Shareholder Information - As of June 30, 2024, Jumbo Lane Investments Limited held 2,264,812 shares in the company[75]. - Mr. Wang Zhong Sheng owned 299,028,739 long positions, including 288,661,440 shares and convertible bonds convertible to 10,367,299 shares[75]. - Ms. Zhao Xin, as the spouse of Mr. Wang Zhong Sheng, is deemed to have an interest in 301,293,551 shares, representing approximately 77.17% of the shareholding[79]. - The company did not issue any debentures during the interim period[76]. - The company has not granted any rights to acquire shares or debentures to directors or their family members during the interim period[81]. Operational Highlights - The Group has completed the groundwork and drilling of 229 CBM wells, with 164 wells in stable production[56]. - The production capacity of the Group's LNG plants remains at approximately 500,000 cubic meters per day, with an average daily production of around 276,000 cubic meters during the Interim Period[57]. - The daily gas output from the upstream business was insufficient to fully utilize the liquefaction plant's daily production capacity of 500,000 cubic meters[68]. - The Group commenced R&D on C-H to Synthesis of natural gas production in 2017, with small-scale production expected to start by the end of 2021[68]. Future Outlook - The Group anticipates that the demand for natural gas will continue to grow strongly, driven by increasing environmental concerns and the elimination of highly-polluted energy sources[71]. - The management is committed to overcoming challenges to contribute to the Company's profitability and long-term development[71]. - The Group has no plans for acquisition or investment beyond intended investments in upstream CBM exploration and extraction[62].