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 resources [21]. - 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 [23]. - The Group aims to stabilize natural gas supply and increase utilization of its liquefied natural gas (LNG) plant through successful gas supply initiatives [23]. - The Group's distribution network extends to various provinces, including Shanxi, ensuring a broad market reach [22]. - The Group has transformed into a vertically integrated natural gas company through commercial production of coalbed gas, enhancing its market leadership [23]. - The Group has established a complete business process covering CBM extraction, liquefaction, transportation, and distribution, enhancing its position in the natural gas market [29]. - The Group's strategic focus on vertical integration has strengthened its market position in unconventional natural gas production [29]. Financial Performance - The Group recorded a consolidated turnover of approximately RMB239,421,000 for the year ended 31 December 2023, representing a decrease of approximately 26.67% compared to RMB325,680,000 in 2022 [57]. - Profit attributable to equity shareholders for the year ended 31 December 2023 was approximately RMB2,530,000, a significant decrease from RMB127,293,000 in 2022 [58]. - The decrease in profits was primarily due to the absence of a gain on disposal of a business in 2023, which was approximately RMB100,797,000 in 2022 [59]. - As of December 31, 2023, the Group had net assets of approximately RMB 160,801,000, including cash and bank balances of approximately RMB 45,444,000 [75]. - The Group's gearing ratio was approximately 11.78% as of December 31, 2023, compared to 6.59% in 2022 [75]. - The total cost of staff recognized in profit or loss for the year was approximately RMB 25,612,000, down from approximately RMB 31,848,000 in 2022 [82]. - The Group has no significant investments or material acquisitions of subsidiaries during the year ended December 31, 2023 [85]. Production and Technology Development - As of December 31, 2023, the Group has completed the groundwork and drilling of 229 Coalbed Methane (CBM) wells, with 164 wells currently in stable production [29]. - The average daily production of the Group's LNG plants was approximately 180,000 cubic meters, while the production capacity remained at around 500,000 cubic meters per day [35]. - The Group's focus on improving production well capabilities has positively impacted profitability and cash flow, with expectations for further improvement as production well numbers increase [30]. - The Group is committed to advancing CBM extraction technology and techniques, investing heavily in research and development to maintain its technological leadership [37]. - The Group commenced R&D on a new technology for natural gas production, named High-temperature-water Activate C-H to Synthesis of Natural-gas Technology, with small-scale production expected to start by the end of 2021 [50]. - The first pilot equipment for the new technology underwent trial runs in June 2021, and an improved design plan was proposed in November 2021 [51]. - The Group plans to conduct advanced demonstrations of the second pilot equipment overseas upon its completion, inviting internationally renowned experts for evaluation [93]. - The successful development of C-H to Synthesis of natural gas production will allow the Group to reduce exposure to external factors and risks [96]. Environmental and Social Responsibility - The Group emphasizes social responsibility while developing in the new energy sector, aiming to provide high-quality clean energy [24]. - The Group's commitment to environmental sustainability is highlighted in its operational strategies and future outlook [24]. - The Group has complied with all relevant laws and regulations, demonstrating its commitment to environmental and social responsibilities [43]. - There is a strong market demand for natural gas, driven by growing environmental concerns and the elimination of highly-polluted energy sources [97]. Governance and Board Structure - The Company has complied with all provisions in the Company Code and the Code Provisions during the year ended December 31, 2023, except for specific provisions [106]. - The Board held 18 meetings in 2023, with regular meetings typically occurring every three months [134]. - The Company has three independent non-executive Directors, representing at least one-third of the Board, in compliance with GEM Listing Rules [115]. - The independent non-executive Directors have confirmed their independence annually as per Rule 5.09 of the GEM Listing Rules [116]. - The Board is responsible for the overall leadership and supervision of the Company's business and affairs [122]. - The Company has adopted a code of conduct for securities trading by Directors, adhering to GEM Listing Rules [116]. - The roles of the chairman and chief executive are separated to maintain a balance of power and authority [128]. - The Board is accountable to shareholders and responsible for preparing the accounts [125]. - The Company has established policies for business activities, internal controls, and administration [132]. Diversity and Inclusion - The Company aims to maintain a balance of gender diversity in recruiting key management and personnel across its operations [171]. - The Board plans to appoint at least one director of a different gender by December 31, 2024, to enhance gender diversity [161]. - As of December 31, 2023, the Group has a workforce gender ratio of approximately 2:1 (male to female) [169]. - The Board has set measurable objectives to ensure a balance of male and female representation by December 31, 2024 [167]. - The Nomination Committee is satisfied with the existing composition of the Board and recommends no changes in the near future [175]. Audit and Compliance - The Audit Committee held four meetings in 2023 to review the Group's annual financial results and internal control systems [180]. - The Group's results for the year ended December 31, 2023, were reviewed and deemed compliant with applicable accounting standards and GEM Listing Rules [186]. - The Company aims to present a balanced and clear assessment of its performance, position, and prospects in all corporate communications [194]. - The Board has ensured that the financial statements for the year ending December 31, 2023, reflect the Group's performance and cash flow accurately [196]. - The external auditors, KTC Partners CPA Limited, received approximately RMB1,250,000 for audit services and RMB137,000 for non-audit services in 2023 [200]. - The Audit Committee concluded that the Group has established a sound internal control environment and complied with the code provisions on internal controls and risk management in 2023 [199]. - The Group has adopted suitable accounting policies and applied them consistently, ensuring accounts are prepared on a going concern basis [197].

Production and Operations - As of December 31, 2023, the Group has completed the groundwork and drilling of a total of 229 CBM wells, with 164 operating wells contributing to stable production[20] - The Group's focus on improving production well capabilities has positively impacted revenue, profit, and cash flow from natural gas exploitation, with expectations for further improvement as production well numbers increase[20] - The Group has made significant investments in resources exploration and exploitation at coalbed methane blocks in Yangcheng, Shanxi, enhancing its position in China's unconventional gas market[16] - The commercial production of coalbed gas has transformed the Group into a vertically integrated natural gas company, stabilizing its natural gas supply[16] - The Group's profitability and cash flow position are expected to improve further as the capabilities of production wells increase[20] - As of December 31, 2023, the company has completed groundwork and drilling of 229 wells in the Yangcheng gas block, resulting in a stable increase in production wells and gas output[67] - The average daily production of the Group's LNG plants was approximately 180,000 cubic meters, while the production capacity remained at about 500,000 cubic meters per day[69] - The Group's upstream business is steadily improving, with ongoing enhancements in well construction and gas output[105] - The upstream business is steadily improving, with daily gas output insufficient to fully utilize the 500,000 cubic meters daily production capacity of the liquefaction plant[149] Financial Performance - The Group recorded a consolidated turnover of approximately RMB239,421,000 for the year ended 31 December 2023, representing a decrease of approximately 26.67% compared to RMB325,680,000 for the year ended 31 December 2022[83] - Profit attributable to equity shareholders for the year ended 31 December 2023 was approximately RMB2,530,000, a significant decrease from RMB127,293,000 for the year ended 31 December 2022[83] - The decrease in profits was primarily due to the absence of a gain on disposal of a business in 2023, which was approximately RMB100,797,000 in 2022[83] - The total staff cost recognized in the profit or loss account for the year was approximately RMB 25,612,000, down from approximately RMB 31,848,000 in 2022[124] - The Group's net assets as of December 31, 2023, were approximately RMB 160,801,000, including cash and bank balances of approximately RMB 45,444,000[122] - The Group's gearing ratio was approximately 11.78% as of December 31, 2023, compared to 6.59% in 2022[122] Technology and Innovation - The company has commenced R&D on High-temperature-water Activate C-H to Synthesis of Natural-gas Technology, with small-scale production expected to start by the end of 2021[59] - The first pilot equipment for the new technology underwent trial runs in June 2021, with an improved design plan proposed in November 2021[59] - The Group is investing heavily in developing and advancing its coalbed methane extraction technology and techniques to maintain its technological leadership[71] - The Group has initiated the development of a hydrocarbon gas production project, with plans for small-scale production by the end of 2021, although delays have occurred due to supply chain disruptions[105] - The successful development of the C-H to Synthesis technology will allow the Group to directly supply natural gas to urban gas networks, creating new revenue opportunities[150] Market and Demand - The demand for natural gas in China is increasing, with the government emphasizing the development of clean energy, which presents significant growth potential for the company[55] - The existing conventional natural gas production is unlikely to meet China's strong demand in the coming years, necessitating encouragement for unconventional gas production[55] - The Group is positioned as a leading player in the unconventional natural gas market in China, benefiting from favorable government policies[55] - The Group's focus on clean energy development aligns with the increasing demand for natural gas in China, driven by government support for unconventional gas production[79] Corporate Governance and Compliance - The Group's annual performance announcement complies with the GEM Listing Rules, ensuring transparency and accuracy in reporting[24] - The Company declared a special dividend of HK$0.2576 per share on June 19, 2023, payable on July 26, 2023, with no other dividends recommended for the year ended December 31, 2023[173] - The Group has applied new and amendments to HKFRSs for the first time, which are effective for the annual period beginning on January 1, 2023, with no material impact on financial positions and performance[170] - The Company has received annual confirmations of independence from each independent non-executive Director, who are considered to have remained independent[175] - The Group did not allocate any interest to capital during the year, aside from what has been disclosed in the report[183] Environmental and Social Responsibility - The Group is committed to fulfilling its environmental and social responsibilities to ensure sustainable business development[56] - The Group is committed to environmental and social responsibility, ensuring compliance with relevant laws and regulations[74] - The Group anticipates that the upstream gas supply will stabilize, reducing external risk factors and providing new profit growth points through collaboration with urban gas networks[150]

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].

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 ...

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 ...

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]

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 ...

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].

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 ...

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].