同业竞争遭问询 水发燃气回复

Core Viewpoint - Water Development Gas (603318.SH) addressed concerns regarding potential competition in its recent filing for a specific stock issuance, clarifying that its core business includes gas operation, LNG, gas equipment, and distributed energy services [1] Group 1: Competition Issues - The company identified potential competition from seven gas operation enterprises and two distributed energy companies controlled by its major shareholder, Water Development Group [1] - However, these competing enterprises operate in different regions and do not overlap with Water Development Gas's operations, thus mitigating significant competitive risks [1] Group 2: Management and Integration Commitments - Water Development Group has committed to continuously entrust the management of related gas enterprises to the listed company and plans to inject qualified gas assets when conditions are met, with a consolidation period starting from December 2024 over 60 months [1] - The company has already injected the Caoxian Water Development Qihang Gas into the listed entity and is in the process of integrating other assets, with low risk of further delays in commitments [2]