快查APP显示，香港中华煤气相关公司深圳市燃气集团股份有限公司于2025年9月23日发布一则招标信 息，项目名称为龙华能源生态园项目配套燃气管道工程-明浪路，预算金额为413.90万元。 来源：市场资讯 （来源：快查一企业中标了） 快查股权穿透数据显示，该公司由香港中华煤气持股，出资比例为16.36%。 ...

快查APP显示，香港中华煤气相关公司深圳市燃气集团股份有限公司于2025年9月23日发布一则招标信 息，项目名称为龙华能源生态园项目配套燃气管道工程-浪荣路，预算金额为477.54万元。 快查股权穿透数据显示，该公司由香港中华煤气持股，出资比例为16.36%。 来源：市场资讯 （来源：快查一企业中标了） ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Views - The report highlights that in August 2025, the average daily power generation exceeded 30 billion kilowatt-hours for the first time, with a total industrial power generation of 936.3 billion kilowatt-hours, reflecting a year-on-year growth of 1.6% [4][7][53] - The report emphasizes the continuous improvement in the power generation structure, with significant contributions from clean energy sources such as wind and solar power, amidst ongoing dual carbon policies and the development of a new power system [8][9][12] Summary by Sections 1. Power Generation - In August 2025, the total power generation reached 936.3 billion kilowatt-hours, with a daily average of 30.2 billion kilowatt-hours, marking a 1.6% increase year-on-year [4][7] - The breakdown of power generation types shows that thermal power generation increased by 1.7%, nuclear power by 5.9%, wind power by 20.2%, and solar power by 15.9%, while hydropower decreased by 10.1% [9][12] - Wind power contributed the most to the increase in power generation, adding 12.4 billion kilowatt-hours compared to the same month last year [8][9] 2. Natural Gas - The report indicates a stable supply-demand balance in the natural gas market, with global gas prices experiencing slight fluctuations [18][19] - As of September 19, 2025, the Henry Hub spot price was $2.89/mmBtu, reflecting a weekly decrease of 1.80% [19][21] - The report suggests that the LNG prices in Northeast Asia remained stable at $11.50/mmBtu, with expectations of a further decline in prices as summer heat waves end [18][35] 3. Investment Analysis - Recommendations for investment include: - Hydropower: Favorable financial conditions due to interest rate cuts, with suggested companies being Guotou Power, Chuan Investment Energy, and Yangtze Power [16] - Green Energy: Increased stability in returns for renewable energy operators, with a focus on companies like Xintian Green Energy and Longyuan Power [16] - Nuclear Power: Continued approval of new units, with recommendations for China Nuclear Power and China General Nuclear Power [16] - Thermal Power: Improved profitability due to falling coal prices, with recommendations for Guodian Power and Huaneng International [16] - Gas Utilities: Favorable conditions for city gas companies, with recommendations for Kunlun Energy and New Hope Energy [40]

王宏志局长对李家杰博士一行的到访表示欢迎，也对公司在能源科技创新、绿色低碳发展等方面取得的成绩给予了肯定，并表示国家能源局将积极贯彻"一 国两制"方针、粤港澳大湾区发展规划和相关政策，支持在发展能源新质生产力方面的探索和业务发展。集团规划契合国家能源发展理念，未来双方将加强 沟通交流，共同为香港、内地能源绿色转型作出贡献。 李家杰博士率领香港中华煤气执行董事暨首席投资总裁、怡斯莱(EcoCeres)联合主席陈英龙，及香港中华煤气高级副总裁暨北京代表处首席代表谷静等高级 管理层代表，前往国家能源局拜会王宏志局长及科技司、新能源司、国际司主要负责人。李家杰博士对国家能源局局长拨冗接待以及对集团能源业务给予的 宝贵指导和大力支持表示诚挚感谢，随後陈英龙介绍了集团内地业务的最新进展、成果以及发展计划，并就助力国家双碳战略及能源转型的探索寻求指导。 9月15日下午，香港中华煤气主席李家杰博士率团拜会国家能源局局长王宏志。双方就集团如何通过发展新质生产力更好融入国家能源发展大局，包括推动 能源转型、科技创新和绿色发展等议题进行了深入交流。 香港中华煤气作为香港历史最悠久、规模最大的综合能源企业将继续和国家能源局加强交流与 ...

Core Insights - The 2025 International Digital Energy Exhibition was held in Shenzhen, where Hong Kong and China Gas Company showcased its "Gas-Powered Energy Internet" strategy, highlighting four core achievements in zero-carbon smart industrial parks, GW-level energy storage asset management, AI scheduling algorithms, and innovative financing models [2][6][12]. Group 1: Company Strategy and Achievements - Hong Kong and China Gas Company aims to create a "Gas-Powered Energy Internet" by focusing on zero-carbon smart industrial parks, achieving a total of 128 such parks and serving over 2,000 industrial clients across 24 provinces in China [6][7]. - The company has developed its own "Carbon Cloud" platform to enhance energy management through AI, improving power generation efficiency by 10% and reducing fault response time to one hour [6][12]. - The company issued the first carbon-neutral REITs in the market last year, raising 5 billion yuan to facilitate a closed-loop model of fundraising, investment, management, and exit [6][13]. Group 2: Financial Innovations and Collaborations - A new asset management model was introduced, offering three customized plans to address industry challenges, which can enhance asset yield by 15% [13]. - The company has partnered with Shenzhen Capital Group and Xinnengda to establish a specialized fund aimed at commercial energy storage, with an initial fundraising target of 600 million yuan [17][19]. - The fund will leverage the company's asset management capabilities and the investment layout of Shenzhen Capital Group to support the large-scale implementation of energy storage projects [19]. Group 3: Industry Trends and Future Goals - The energy sector is facing dual challenges of "supply security" and "low-carbon transition," with AI technology and digital ecosystems providing new solutions [6][10]. - The company envisions increasing its asset management scale from 100 billion yuan to 1 trillion yuan by 2030, emphasizing collaboration across the "energy + technology + finance" spectrum [7][10]. - Two key innovations were recognized at the exhibition, focusing on carbon reduction and value enhancement, including a practical guide for commercial carbon asset services and an integrated service model for solar energy and storage [21][23].

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment for these industries [4]. Core Insights - In August, the average daily power generation exceeded 30 billion kilowatt-hours for the first time, with total industrial power generation reaching 936.3 billion kilowatt-hours, a year-on-year increase of 1.6% [9][57]. - The report highlights the continued growth of thermal power and the significant contribution of renewable energy sources, particularly wind and solar power, to the overall power generation increase [10][11]. - Global gas prices are experiencing narrow fluctuations, with a stable supply-demand balance in the market, particularly in the U.S. and Europe [20][29]. Summary by Sections 1. Power Generation - In August, the total power generation was 936.3 billion kilowatt-hours, with a daily average of 30.2 billion kilowatt-hours, marking a 1.6% increase year-on-year [9][57]. - The breakdown of power generation types shows thermal power at 6,274 billion kilowatt-hours (up 1.7%), hydropower at 1,479 billion kilowatt-hours (down 10.1%), nuclear power at 645 billion kilowatt-hours (up 5.9%), wind power at 738 billion kilowatt-hours (up 20.2%), and solar power at 538 billion kilowatt-hours (up 15.9%) [11][58]. - The report emphasizes the strong growth of renewable energy, with wind and solar power showing significant year-on-year increases of 20.2% and 15.9%, respectively [10][11]. 2. Natural Gas - As of September 19, the Henry Hub spot price was $2.89/mmBtu, reflecting a weekly decrease of 1.80%, while the TTF spot price in Europe remained stable at €32.00/MWh [20][21]. - The report notes that U.S. natural gas production remains high, contributing to a stable supply-demand balance and low price fluctuations [23][29]. - The LNG ex-factory price in China was 4,019 yuan/ton, with a weekly decrease of 0.84%, indicating a softening market due to weak domestic demand [41][44]. 3. Investment Recommendations - For hydropower, the report recommends companies like Guotou Power, Chuan Investment Energy, and Yangtze Power due to stable growth and financial benefits from interest rate cuts [18]. - In the renewable energy sector, companies such as Xintian Green Energy and Funi Co. are highlighted for their stable returns and high profitability [18]. - The report suggests focusing on integrated natural gas traders like New Hope Energy and Shenzhen Gas, as well as city gas companies benefiting from cost reductions [44].

(Incorporated in Hong Kong under the Companies Ordinance with limited liability) ( 根據公司條例在香港註冊成立之有限公司 ) (Stock Code 股份代號: 3) 23rd September 2025 Dear Non-registered Holders (Note 1) , The Hong Kong and China Gas Company Limited (the "Company") - Publication of 2025 Interim Report (the "Current Corporate Communications") Please be informed that the English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.towngas.com and the HKEXnews website ...

(Incorporated in Hong Kong under the Companies Ordinance with limited liability) 根據公司條例在香港註冊成立之有限公司 ) (Stock Code 股份代號: 3) 23rd September 2025 Dear Shareholders, The Hong Kong and China Gas Company Limited (the "Company") - Publication of 2025 Interim Report (the "Current Corporate Communications") Please be informed that the English and Chinese versions of the Company's Current Corporate Communications are available on t he Company's website at www.towngas.com and the HKEXnews website at www.hkexnews.hk, o ...

智慧 燃展未來 公司資料 2025 中期報告 （股份代號：3） 董事會 非執行董事 李家傑（主席） 李家誠（主席） 林高演 馮孝忠 獨立非執行董事 李國寶 潘宗光 鄭慕智 黃慧群 執行董事 黃維義（常務董事） 楊磊明（首席財務總裁） 陳英龍（首席投資總裁） 公司秘書 黃麗堅 審核及風險委員會 李國寶（主席） 潘宗光 鄭慕智 黃慧群 薪酬委員會 李國寶（主席） 李家傑 李家誠 潘宗光 鄭慕智 黃慧群 提名委員會 李家傑（主席） 李家誠（主席） 李國寶 潘宗光 鄭慕智 黃慧群 環境、社會及管治委員會 黃維義（主席） 鄭慕智 黃慧群 楊磊明 註冊辦事處 香港北角 渣華道363 號23 樓 公司網址 www.towngas.com 股份登記處 香港中央證券登記有限公司 香港灣仔皇后大道東183 號 合和中心17 樓1712-1716 舖 電話號碼： 2862 8555 傳真號碼： 2865 0990 核數師 羅兵咸永道會計師事務所 執業會計師及註冊公眾利益實體核數師 香港中環 太子大廈22 樓 投資者關係 集團投資者關係部 電話號碼： 2963 2739 傳真號碼： 2911 9005 電郵地址： invrelati ...

暴涨暴跌后今天市场进入休整，恒生指数全天围绕中轴上蹿下跳，最终全天走了个寂寞。其中恒生公用 跌幅居前，内银行、内房地紧随其后；恒生科技逆势收涨，工商、国指ESG等紧随其后。 内银行全天维持在中轴下方弱势盘整，截至收盘下跌0.53%。其中邮储银行大跌1.75%，农业银行下跌 1.49%，重庆农村商业银行下跌1.19%，中国银行下跌1.14%，建设银行、工商银行、交通银行等股均小 幅收跌。 恒生科技冲高回落后全天围绕中轴上蹿下跳，截至收盘小涨0.37%。其中商汤大涨4.58%，蔚来上涨 4.45%，华虹半导体上涨4.06%，小鹏汽车上涨3.44%，京东集团上涨3.35%，美的集团、携程集团、京 东健康等股涨幅均在1%上方。 内容只是个人观点，仅供参考，不作为投资依据！欢迎关注交流，互相学习、共同探讨！ 恒生公用高开低走后全天震荡下行，截至收盘下跌1.06%。其中长江基建集团下跌1.97%，中华煤气下 跌1.43%，电能实业下跌1.36%，华润电力、新奥能源、中电控股等股均小幅收跌。 ...