Core Insights - The natural gas supply in China is expected to be roughly balanced with demand this year, with potential tight supply periods [1][3] - Domestic natural gas sales in Q1 reached 118.6 billion cubic meters, influenced by higher temperatures leading to lower demand [3] - The total natural gas supply for the year is projected at 444.2 billion cubic meters, reflecting a year-on-year growth of 4.6% [3] Supply and Demand Analysis - The global natural gas market is experiencing significant divergence, with Europe facing supply tightness due to low temperatures and transportation issues [3] - In contrast, domestic demand is projected to grow by 20 billion cubic meters year-on-year, indicating a slower growth rate in industrial sectors such as textiles, light industry, and electronics [3] - The supply-demand growth rate is expected to rebound in Q4 due to base effects [3] Strategic Initiatives - The company is actively working on resource procurement and expanding market supply reserves to ensure stable natural gas supply [3] - Efforts include optimizing infrastructure utilization and enhancing peak-shaving capabilities to meet market user demands [3]