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中国煤层气(08270) - 2023 Q3 - 季度财报
2023-11-13 11:52
Financial Performance - The Group's revenue for the nine months ended September 30, 2023, was approximately RMB 175,717,000, representing a decrease of approximately 29.87% compared to the corresponding period in the previous financial year[6]. - The Group recorded a loss attributable to owners of the Company of approximately RMB 9,522,000 for the nine months ended September 30, 2023[6]. - Loss per share for the Company was approximately RMB 2.64 cents for the nine months ended September 30, 2023[6]. - The Group's loss for the quarter ended September 30, 2023, was RMB 1,880,000, compared to a profit of RMB 114,203,000 in the same quarter of 2022[10]. - Basic loss per share for the quarter was (0.48) RMB cents, compared to earnings of 43.00 RMB cents in the same quarter of 2022[10]. - The Group's total comprehensive loss for the nine months ended September 30, 2023, was RMB 9,679,000[10]. - The Group's total comprehensive income for the nine months ended September 30, 2022, was RMB 102,474,000[10]. - The total comprehensive income for the period was RMB 101,166,000, compared to RMB 105,909,000 in the same period last year, indicating a decrease of 4.0%[18]. - The company reported a loss of RMB 3,522,000 for the period, which is an improvement from a loss of RMB 5,522,000 in the previous year[18]. - The company achieved a total comprehensive profit of RMB 4,753,000 for the quarter, compared to RMB 101,166,000 in the previous year, indicating a significant decline[18]. - The total comprehensive loss attributable to equity shareholders was RMB 2,302,000 for the quarter, compared to a profit of RMB 114,862,000 in Q3 2022[32]. - The Group recorded a consolidated turnover of approximately RMB 175,717,000 for the Review Period, representing a decrease of approximately 29.87% compared to the corresponding period last year[73]. - The loss attributable to shareholders in the Review Period was approximately RMB 9,522,000, an increase primarily due to a gain on disposal of a subsidiary amounting to approximately RMB 102,288,000 in the previous year[73]. - The Group recorded a gross profit of RMB 21,305,000 in the period, down from approximately RMB 32,437,000 in the corresponding period of 2022, mainly due to a decrease in selling price per unit in the liquefaction business[73]. Revenue and Sales - Revenue for the quarter ended September 30, 2023, was RMB 62,185,000, an increase from RMB 47,100,000 in the same quarter of 2022, representing a growth of 32.5%[18]. - Total revenue for the nine months ended September 30, 2023, reached RMB 139,611,000, compared to RMB 113,299,000 for the same period in 2022, indicating a year-over-year increase of 23.2%[18]. - Sales of liquefied coalbed gas for the quarter were RMB 74,231,000, up from RMB 91,989,000 in the previous year, reflecting a decrease of 19.4%[18]. - Revenue for the quarter ended September 30, 2023, was RMB 74,231,000, a decrease from RMB 91,989,000 in the same quarter of 2022, representing a decline of 19.4%[29]. - Other net income for the quarter was RMB 163,000, compared to RMB 952,000 in the same quarter of 2022, showing a decline of 82.8%[18]. Dividends - The Board does not recommend payment of any dividend for the Review Period, except for a special dividend declared[6]. - The company did not recommend any dividend for the review period, consistent with the previous year where no dividend was declared[22]. - The company declared a special dividend of HKD 0.2576 per share, equivalent to RMB 0.233, while no dividends were declared in the same period of 2022[39]. Assets and Liabilities - As of September 30, 2023, the Group had net assets of approximately RMB 157,203,000, including cash and bank balances of approximately RMB 48,356,000[79]. - The Group's gearing ratio was approximately 12.92%, calculated by total external borrowings divided by shareholders' funds[79]. - The balance at September 30, 2023, was RMB 157,208,000, reflecting an increase from RMB 222,512,000 at the same time last year[18]. - During the nine months ended September 30, 2023, there were no material contingent liabilities reported by the Group[101]. Share Options and Ownership - As of September 30, 2023, the company had 10,865,003 options outstanding, all with a weighted average exercise price of HK$0.456[47]. - The company had granted a total of 32,119,074 options under the Previous Share Option Scheme, all of which have lapsed without any being exercised[52]. - The company adopted a new share option scheme on March 28, 2022, which will remain in force for 10 years[54]. - The number of shares that may be issued in respect of options and awards granted under the New Share Option Scheme during the period divided by the weighted average number of shares in issue for the period was approximately 3.01%[54]. - As of September 30, 2023, the Company had outstanding options to subscribe for 10,865,003 shares and convertible bonds convertible to 10,367,299 shares[102]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions during the Review Period, except as disclosed[116]. - Independent non-executive Directors have confirmed their independence, and the Company considers all of them to be independent[118]. - The Company has adopted a code of conduct regarding securities dealings by Directors, with no reported non-compliance during the Review Period[118]. - The roles of chairman and chief executive are not separated, as the Company does not have a chief executive officer, deviating from the Code[116]. - The Company is considering the feasibility of appointing a separate chief executive to comply with code provision A.2.1 of the Code[107]. Operational Developments - The Group's upstream business is steadily improving, with daily gas output not fully utilizing the liquefaction plant's capacity of 500,000 cubic meters[81]. - The Group plans to construct 10 units of new equipment by 2024, each capable of producing 50,000 cubic meters of natural gas per day, to enhance gas supply stability[81]. - The successful development of the C-H to Synthesis of natural gas technology will allow the Group to reduce exposure to external risks and enhance operational stability[82]. - The demand for natural gas is expected to maintain strong growth momentum due to increasing concerns over environmental issues and the elimination of highly-polluted energy sources from the market[82]. - The Group's vertical integration business model is anticipated to provide new profit growth opportunities through cooperation with city gas pipeline networks[82]. - The Group's production capacity of the LNG plants remains unchanged at approximately 500,000 cubic meters per day, with an average daily production of around 170,000 cubic meters[90]. - The upstream business is steadily improving, with ongoing technological upgrades to old wells to enhance production capacity and output[93]. Acquisitions and Investments - The Possible Acquisition of additional equity interest in Huiyang New Energy constitutes a discloseable transaction under GEM Listing Rules, with no material interest from Directors[84]. - On March 28, 2023, the Group submitted a bid to acquire the remaining 20% equity interest in Huiyang New Energy for RMB 6,723,800[96]. - The Company completed the acquisition of additional equity interest in Huiyang New Energy on April 19, 2023, following Board approval and confirmation of fair terms by independent non-executive Directors[98]. - The Group did not engage in any significant investments, acquisitions, or disposals of subsidiaries during the review period[80].
中国煤层气(08270) - 2023 Q3 - 季度业绩
2023-11-13 11:50
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) 截至二零二三年九月三十日止九個月第三季業績公佈 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二零二三年九月三十日止九個月的未經 審核綜合業績。本公告列載本公司二零二三年第三季季度報告(「第三季季度報告」) 之全文,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,二零二三年十一月十三日 於本公佈日期,執行董事為王忠勝先生及常建先生,非執行董事為段士川先生,王 琛先生及梁峰先生,以及獨立非執行董事為劉振邦先生,王之和先生及徐願堅先生。 本公 ...
中国煤层气(08270) - 2023 - 年度业绩
2023-08-23 11:21
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) 補充公佈 茲提述本公司於二零二三年四月二日刊發之截至二零二二年十二月三十一日止年 度之年報(「年報」)。除文義另有所指外,本公佈所用詞彙與年報所界定者具有相 同涵義。 就年報所述之新購股權計劃而言,每名參與者於新購股權計劃項下之最高配額不 得超過已發行股份之1%。倘向某一名參與者進一步授出購股權將導致於截至有關 進一步授出日期(包括該日)止12個月期間因已授予及將授予該參與者之所有購股 權(包括已行使、已註銷及尚未行使之購股權)獲行使而已發行及將予發行之股份 合共超過已發行股份之1%,則此進一步授出須另行經股東於股東大會上批准,該 參與者及其聯繫人須於該大會上放棄投票,而擬向該參與者授出之購股權數目及 條款須於尋求股東批准前釐定 ...
中国煤层气(08270) - 2023 - 中期财报
2023-08-13 10:30
Corporate Governance and Management - As of June 30, 2023, the interests and short positions of the Directors and chief executive in the shares and debentures of the Company were recorded as per the Securities and Futures Ordinance[1] - The board of directors is responsible for ensuring the accuracy and completeness of the financial report, reflecting a commitment to transparency and accountability[13] - The independent non-executive Directors confirmed that the terms of the Possible Acquisition are fair and reasonable, aligning with the interests of the Company and its shareholders[3] - The Company has complied with the Corporate Governance Code provisions during the Interim Period, with no non-compliance reported[171] - The independent non-executive Directors have confirmed their independence, and the Company considers all of them to be independent[173] - The Company is considering the feasibility of appointing a separate chief executive to comply with HKSE Code provision A.2.1[171] Financial Performance - For the half year ended June 30, 2023, the company reported a loss of RMB 7,799,000, compared to a loss of RMB 11,729,000 in the same period of 2022, indicating an improvement in financial performance[20] - The total comprehensive income for the period attributable to equity shareholders was RMB 4,247,000, a recovery from a loss of RMB 4,493,000 in the previous year[20] - The company’s loss for the quarter ended June 30, 2023, was RMB 6,687,000, compared to a loss of RMB 4,664,000 in the same quarter of 2022[20] - The Group recorded a loss attributable to equity shareholders of approximately RMB 7,643,000 for the Interim Period[38] - The loss attributable to shareholders in the Interim Period was approximately RMB 7,643,000, with a decrease in losses primarily due to the disposal of Guangxi Beiliu business, which contributed RMB 7,812,000 of losses in the previous financial year[88] - The company reported a total comprehensive loss of RMB 10,527,000 for the period, compared to a loss of RMB 8,943,000 in the previous year[134] Revenue and Expenses - Revenue from gas supply connection services for the first half of 2023 was RMB 24,060,000, a decrease from RMB 92,377,000 in the same period of 2022[30] - The Group recorded a consolidated turnover of approximately RMB 101,486,000 for the Interim Period, representing a decrease of approximately 36% compared to the corresponding period of last year[88] - The gross profit for the half year ended June 30, 2023, was RMB 15,398,000, down from RMB 15,610,000 in the previous year[122] - The loss before taxation for the half year ended June 30, 2023, was RMB 7,733,000, compared to RMB 12,286,000 in 2022[122] - Finance costs decreased from RMB 1,590,000 to RMB 388,000 in the Interim Period, attributed to the absence of finance costs related to lease liabilities[88] Assets and Liabilities - As of June 30, 2023, the net current liabilities amounted to RMB (91,744) thousand, a significant increase from RMB (23,278) thousand as of December 31, 2022[44] - Total assets less current liabilities decreased to RMB 164,946 thousand from RMB 247,726 thousand, indicating a decline in the company's asset base[44] - The net assets of the company were reported at RMB 158,476 thousand, down from RMB 244,011 thousand, reflecting a substantial reduction in equity[44] - Current liabilities increased to RMB 268,493,000 as of June 30, 2023, compared to RMB 216,443,000 at the end of 2022[131] - Cash and bank balances at June 30, 2023, were RMB 142,873,000, down from RMB 150,434,000 at the beginning of the year[123] Share Capital and Dividends - The Board does not recommend the payment of any dividend for the Interim Period[38] - The balance at 30 June 2023 for share capital was RMB 26,124,000, with total equity amounting to RMB 158,476,000[25] - The company’s share capital increased to RMB 26,124 thousand from RMB 17,133 thousand, indicating a potential capital raise or restructuring[44] - A special dividend of HK$0.2576 per share was declared on June 19, 2023, payable on July 26, 2023[107] Acquisitions and Investments - The Company is in the process of acquiring an additional 20% equity interest in Huiyang New Energy for a bidding price of RMB 6,723,800, which will result in the Company owning 100% of Huiyang New Energy[8] - The completion of the acquisition of Huiyang New Energy took place on April 19, 2023[3] - The Possible Acquisition of Huiyang New Energy constitutes a discloseable transaction under GEM Listing Rules, requiring only reporting and announcement without independent shareholders' approval[3] - The Company conditionally agreed to purchase the entire issued share capital of Global Billion Holdings Limited for HK$42,523,400 (approximately RMB 38,500,000), completed on January 16, 2023[107] Operational Developments - The Group's raw gas supply consolidation is expected to enhance vertical integration, reducing exposure to external risks and providing new profit growth opportunities through collaboration with city gas pipeline networks[6] - The successful development of technology for synthesizing natural gas from self-produced well gas and C-H is expected to stabilize supply and reduce operational risks[6] - The daily gas output from the upstream business is insufficient to fully utilize the liquefaction plant's capacity of 500,000 cubic meters[115] - The Group plans to build 10 new pieces of equipment in 2024, each capable of producing 50,000 cubic meters of natural gas per day[115] - The Group's production capacity of the LNG plants remained at approximately 500,000 cubic meters per day, with an average daily production of around 120,000 cubic meters during the interim period[104] Staff and Human Resources - As of June 30, 2023, the Group employed 237 staff, with a total staff cost of approximately RMB 12,162,000, up from RMB 9,632,000 in the same period of 2022[109] - The company’s share option scheme was conditionally adopted on March 28, 2022, to attract and retain talent, with no material differences from the previous scheme[81] Share Options and Securities - The company had granted a total of 32,119,074 options under the Previous Share Option Scheme, all of which have lapsed, resulting in no options remaining outstanding[156] - As of June 30, 2023, there are 13,327,503 options outstanding with a weighted average exercise price of HK$0.456[162] - During the period, 12,647,500 options were exercised at a weighted average exercise price of HK$0.456[162] - The New Share Option Scheme adopted on March 28, 2022, will remain in force for 10 years, expiring on March 27, 2032[156] Future Outlook - The company is committed to enhancing its market presence and exploring new strategies for growth, although specific details on new products or technologies were not disclosed in the interim report[20] - The Group plans to obtain financing to improve cash position for its capital-intensive natural gas drilling program, with no current plans for acquisitions or scaling down of any business[105] - The Group intends to conduct an advanced demonstration of the experimental equipment overseas in 2023[115]
中国煤层气(08270) - 2023 - 中期业绩
2023-08-13 10:27
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) 截至二零二三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二零二三年六月三十日止六個月的未經 審核中期業績。本公告列載本公司二零二三年中期報告全文,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,二零二三年八月十一日 於本公佈日期,執行董事為王忠勝先生及常建先生,非執行董事為段士川先 生、王琛先生及梁峰先生,以及獨立非執行董事為劉振邦先生、王之和先生及徐願 ...
中国煤层气(08270) - 2023 Q1 - 季度财报
2023-05-12 14:26
Financial Performance - The Group's turnover for the three months ended March 31, 2023, was approximately RMB 64,182,000, representing an increase of 5.32% compared to the same period in the previous financial year[11]. - The Group recorded a loss of approximately RMB 992,000 for the three months ended March 31, 2023[11]. - Basic loss per share attributable to equity shareholders of the Company was approximately RMB 0.29 cents for the three months ended March 31, 2023[11]. - The gross profit for the Group was RMB 10,333,000, compared to RMB 5,295,000 in the same period of 2022, indicating a significant improvement[14]. - The loss before income tax improved to RMB 1,095,000 from RMB 7,065,000 in the same period of 2022[14]. - Total comprehensive loss for the period was RMB 2,064,000, compared to RMB 5,737,000 in the previous year, showing a reduction of approximately 64.1%[15]. - The Group recorded a consolidated turnover of approximately RMB 64,182,000 for the Quarter, representing an increase of approximately 5.32% compared to the corresponding period last year[35]. - The loss attributable to shareholders in the Quarter was approximately RMB 992,000, a decrease from a loss of approximately RMB 5,778,000 in the corresponding period of 2022[29]. - The Group achieved a gross profit of RMB 10,333,000 in the Quarter, significantly up from approximately RMB 5,295,000 in the corresponding period of 2022[36]. Expenses and Costs - Distribution costs decreased to RMB 835,000 from RMB 1,266,000 year-on-year, reflecting a reduction of approximately 34.1%[14]. - Administrative expenses were RMB 10,395,000, slightly down from RMB 10,574,000 in the previous year[14]. - The Group's finance costs decreased significantly to RMB 251,000 from RMB 830,000 year-on-year, a reduction of approximately 69.8%[14]. - The staff cost for the quarter was approximately RMB 5,238,000, slightly up from RMB 5,139,000 for the same period in 2022[57]. Equity and Shareholding - As of March 31, 2023, the total equity attributable to equity shareholders of the company was RMB 233,780,000, compared to RMB 244,011,000 at the beginning of the year[16]. - As of March 31, 2023, Mr. Wang Zhong Sheng holds a total of 295,153,739 shares, representing approximately 83.58% of the company's shareholdings[84]. - Mr. Wang Zhong Sheng is also a beneficial owner of 262,570,801 shares and holds convertible bonds convertible to 32,582,938 shares[92]. - As of March 31, 2023, Ms. Zhao Xin holds 297,418,551 shares, representing an interest of 84.22% through her spouse[98]. Acquisitions and Investments - The company plans to acquire an additional 20% equity interest in Huiyang New Energy for RMB 6,723,800, which will make it a wholly-owned subsidiary[72][74]. - The acquisition of Huiyang New Energy is classified as a discloseable transaction under GEM Listing Rules, with applicable percentage ratios exceeding 5% but less than 25%[76][80]. - The completion of the acquisition took place on April 19, 2023, following the approval of the Board and confirmation from independent non-executive Directors regarding the fairness of the transaction[78][80]. Production and Operations - The average daily production of the Group's LNG plants increased, contributing approximately RMB 51,765,000 to revenue in the Quarter[35]. - The production capacity of the Group's LNG plants remains at approximately 500,000 cubic meters per day, but the average daily production was only around 143,000 m³ due to insufficient raw gas supply[47]. - The daily gas output from the upstream business is insufficient to fully utilize the liquefaction plant's capacity, which has been a challenge for the Group[62]. - The company has initiated the development of a C-H synthesis natural gas project, with plans to achieve small-scale production by the end of 2021 and to build 10 units by 2024, each capable of producing 50,000 cubic meters of natural gas per day[63][65]. Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the quarter and confirmed sufficient staffing for accounting and internal control[130]. - The company has complied with the Corporate Governance Code, except for the lack of a specific term for independent non-executive directors[134]. - The company does not currently have a chief executive officer, which deviates from the Corporate Governance Code[136]. - All directors have confirmed their compliance with the GEM Listing Rules regarding securities trading conduct, with no known violations during the period[142].
中国煤层气(08270) - 2023 Q1 - 季度业绩
2023-05-12 14:20
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) 截至二零二三年三月三十一日止三個月 第一季業績公佈 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二零二三年三月三十一日止三個月 的未經審核綜合業績。本公告列載本公司二零二三年第一季季度報告之全文,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,二零二三年五月十二日 於本公佈日期,執行董事為王忠勝先生及常建先生,非執行董事為段士川先生、 梁峰先生及王琛先生,以及獨立非執行董事為劉振邦先生、徐願堅先生及王之和 ...
中国煤层气(08270) - 2022 - 年度财报
2023-04-02 11:53
Business Operations - The Group is engaged in the manufacture and sales of liquefied coalbed gas, with operations primarily located in the Shanxi Qinshui Basin, which is known for its rich liquefied coalbed gas resources [19][20]. - Significant investments have been made in resource exploration and exploitation at coalbed methane blocks in Yangcheng, Shanxi, since July 2011, enhancing the utilization of the liquefied natural gas (LNG) plant [21]. - The commercial production of coalbed gas has transformed the Group into a vertically integrated natural gas company, strengthening its position in China's unconventional gas market [21]. - The Group's distribution network extends to various regions, including Shanxi Province, ensuring a broad market reach for its products [20]. - The focus on liquefaction production and sales of natural gas positions the Group favorably within the energy sector in China [19]. - The Group's commitment to new energy sector development reflects its strategic direction towards sustainable energy solutions [22]. Financial Performance - The Group recorded a consolidated turnover of approximately RMB 326,509,000 for the year ended December 31, 2022, representing an increase of approximately 51.78% compared to the previous year [53]. - The profit attributable to equity shareholders for the year ended December 31, 2022, was approximately RMB 127,293,000, a significant recovery from a loss of approximately RMB 2,236,000 in 2021 [54]. - Sales of liquefied coalbed gas increased from RMB 31,462,000 in 2021 to RMB 160,016,000 in 2022, driven by rising international commodity prices and the resumption of full operations [53]. - The Group has generated revenue, profit, and cash flow from its natural gas exploitation business, with expectations for further improvement as production well capabilities increase [27]. - The Group's net 1P (Proved) reserves as of December 31, 2022, were 108.9 BCF, a significant increase from 3.5 BCF in 2012 [60]. - The net 2P (Proved + Probable) reserves increased to 154.7 BCF as of December 31, 2022, compared to 27.7 BCF in 2012 [60]. - The Group's gain on the disposal of Guangxi Beiliu Gas Co., Ltd. business was approximately RMB 100,797,000 in 2022 [55]. - Other income increased from RMB 7,981,000 to RMB 11,352,000, primarily due to unconventional subsidies granted by the Central Finance Bureau [55]. Production Capacity and Technology - As of December 31, 2022, the Group has completed the groundwork and drilling of 229 Coalbed Methane (CBM) wells, with 164 of these being operational wells contributing to stable production [26]. - The average daily production capacity of the Group's LNG plants remained at approximately 500,000 cubic meters, with an average daily production of only around 150,000 m³ for the year 2022 [32]. - The Group plans to conduct an advanced demonstration of its new C-H to Synthesis of natural gas technology in 2023, with the intention to build 10 pieces of equipment in 2024, each capable of producing 50,000 cubic meters of natural gas per day [47]. - The Group aims to stabilize gas supply from suppliers and increase the utilization rate of LNG plants in 2023, which is expected to enhance income, profit, and cash flow contributions [32]. - The Group is committed to investing heavily in advancing CBM extraction technology and techniques to maintain its leading position in technological advancement [34]. - The upstream business is steadily improving, with daily gas output insufficient to fully utilize the liquefaction plant's capacity of 500,000 cubic meters [90]. Governance and Compliance - The Company was initially listed on the GEM of The Stock Exchange of Hong Kong Limited on August 12, 2003, and has continued to operate under the GEM Listing Rules [19]. - The Board consists of eight directors, including two executive directors and three non-executive directors, with three independent non-executive directors representing at least one-third of the Board [115]. - The Company has complied with GEM Listing Rules, ensuring that one independent non-executive director possesses appropriate professional qualifications or financial management expertise [115]. - The Company has established policies for business activities, internal controls, and administration to ensure effective governance [130]. - The Board reviews corporate governance policies and practices regularly to ensure compliance with legal and regulatory requirements [118]. - The Company recognizes the importance of high-quality corporate reporting to reinforce trust with stakeholders [190]. Environmental and Social Responsibility - The Group aims to provide high-quality clean energy while promoting the harmonious coexistence of man and nature, adhering to the principle of social responsibility [22]. - The Group emphasizes its commitment to environmental and social responsibility, ensuring compliance with relevant laws and regulations [40]. - The demand for natural gas is expected to maintain strong momentum due to increasing environmental concerns and the shift towards cleaner energy sources [94]. Future Plans - The Group plans to build 10 new gas production units by 2024, each capable of producing 50,000 cubic meters of natural gas per day [48]. - The second trial production unit is expected to be completed in 2023, with plans for advanced demonstration and expert evaluation of the new technology [48]. - The Group plans to accelerate the drilling program if adequate financing is secured in the future, focusing on upstream CBM exploration and extraction [78].
中国煤层气(08270) - 2022 - 年度业绩
2023-04-02 11:51
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) 截至二零二二年十二月三十一日止年度之 全年業績公告 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二零二二年十二月三十一日止年度的全 年業績。本公告列載本公司二零二二年年報全文,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 香港,二零二三年三月三十一日 截至本公佈日期,執行董事為王忠勝先生及常建先生,非執行董事為段士川先生、 王琛先生及梁峰先生,以及獨立非執行董事為劉振邦先生、王之和先生及徐願堅 ...
中国煤层气(08270) - 2022 Q3 - 季度财报
2022-11-14 14:58
Financial Performance - The Group's revenue for the nine months ended September 30, 2022, was approximately RMB 250,565,000, representing an increase of approximately 69% compared to the same period in the previous financial year[4] - The profit attributable to owners of the Company for the nine months ended September 30, 2022, was approximately RMB 101,166,000[4] - The profit per share for the Company was approximately RMB 4.87 cents for the nine months ended September 30, 2022[4] - The Group's revenue for the third quarter ended September 30, 2022, was RMB 91,989,000, compared to RMB 37,899,000 for the same quarter in 2021[8] - The gross profit for the nine months ended September 30, 2022, was RMB 32,437,000, compared to RMB 6,762,000 for the same period in 2021[8] - The profit before taxation for the nine months ended September 30, 2022, was RMB 101,917,000, compared to RMB 31,756,000 for the same period in 2021[10] - The profit for the period ended September 30, 2022, was RMB 114,203,000, a significant increase from RMB 40,004,000 in the same period of 2021, representing a growth of 185%[12] - The profit for the nine months ended September 30, 2022, was RMB 102,474,000, up from RMB 30,406,000 in the same period of 2021, reflecting a growth of 237%[12] - The total comprehensive income for the period was RMB 117,372,000, compared to RMB 38,715,000 in Q3 2021, marking an increase of 203%[12] - The total comprehensive income attributable to equity shareholders of the company for the period was RMB 114,862,000, compared to RMB 39,048,000 in the same period last year, an increase of 194%[12] Expenses and Costs - The Group's administrative and other operating expenses for the nine months ended September 30, 2022, were RMB 32,726,000, compared to RMB 27,898,000 for the same period in 2021[8] - The finance costs for the nine months ended September 30, 2022, were RMB 1,949,000, compared to RMB 3,444,000 for the same period in 2021[8] - Employee costs during the review period were approximately RMB 16,137,000, an increase from RMB 14,192,000 in the same period of the previous year[44] Dividends and Shareholder Information - The Board does not recommend the payment of any dividend for the nine months ended September 30, 2022[4] - The company did not recommend any dividend for the review period, consistent with the corresponding period in 2021[23] - The weighted average number of shares in issue for the quarter was 2,078,000,248 shares, compared to 1,661,233,372 shares in the same quarter of 2021[23] Production and Operations - The average daily production of the group's LNG plants increased, contributing approximately RMB 113,299,000 to revenue during the review period[25] - The production capacity of the Group's LNG plants remained at approximately 500,000 cubic meters per day, with an average daily production of around 144,000 cubic meters during the period[39] - The daily gas output from the upstream business was insufficient to fully utilize the liquefaction plant's capacity[47] - The sales revenue of the liquefaction business increased substantially due to a significant rise in international energy prices[39] Assets and Liabilities - The Group's net assets were approximately RMB 222,512,000, including cash and bank balances of approximately RMB 139,004,000 as of September 30, 2022[42] - The Group's gearing ratio was approximately 7.68%, indicating a low level of financial leverage[42] - The company did not have any significant investments, acquisitions, or disposals of subsidiaries during the review period[44] Acquisitions and Transactions - A major transaction involved the disposal of 100% equity interest in Guangxi Beiliu Gas Co., Ltd. for a cash consideration of RMB 80,000,000, completed on September 28, 2022[52] - The company conditionally agreed to acquire Global Billion Holdings Limited for a total consideration of HK$42,523,400 (approximately RMB38,500,000), to be satisfied by issuing consideration shares and convertible bonds[58] - Upon completion of the acquisition, Global Billion will become a direct wholly-owned subsidiary of the company, consolidating its financial information into the group's financial statements[61] Share Option Scheme - The company has proposed a new share option scheme following the expiration of the previous scheme, which had granted 32,119,074 options that lapsed without being exercised[54] - The total number of shares available for issue under the New Share Option Scheme was 207,800,024 ordinary shares, representing approximately 10% of the issued shares of the company[88] - The weighted average exercise price of the options outstanding as of September 30, 2022, was HK$0.056[86] Governance and Compliance - The audit committee held three meetings during the review period to review the unaudited consolidated results[95] - The company complied with the Corporate Governance Code provisions during the review period[95] - All independent non-executive Directors have confirmed their independence as per Rule 5.09 of the GEM Listing Rules[99] - The Company has adopted a code of conduct regarding securities dealings by Directors, with no reported non-compliance during the Review Period[99]