SDSL(SZ:000407)2022-12-03 09:56Group 1: Natural Gas Business Overview - The company's natural gas business serves various end users, including industrial, commercial, residential, and transportation sectors, with a focus on innovation and value-added services [2] - The company has established a multi-tiered gas supply system, sourcing from traditional suppliers like Sinopec and CNOOC, while also exploring shale gas and overseas LNG imports [2] - The overall structure of the natural gas business is balanced, with industrial users accounting for over 50% of gas consumption, while the remainder is from commercial and residential sectors [2] Group 2: Financial and Strategic Developments - The ongoing private placement of stocks aims to raise funds for projects such as "Village Connectivity," "Town Connectivity," "Gas Storage Facilities," and "Smart Gas Systems," with progress reported as smooth [2] - The company has nearly one million end users, which facilitates upstream and downstream integration and value-added business opportunities [3] - The rapid growth in natural gas revenue is attributed to both national industry support and the company's strategic market expansion efforts [3] Group 3: Project Performance and Future Outlook - The company adopts a cautious approach in selecting gas project acquisitions, considering regional economic development and project profitability [3] - The 2018 performance is driven by both existing gas contributions and new consolidation factors, with a focus on market cultivation and innovative value-added services [3] - The company expresses confidence in maintaining a rapid growth trajectory in the future [3]