SPNG(SZ:002267)2022-12-06 08:50Group 1: Company Performance - The company's natural gas sales volume saw significant growth in 2014 and 2015 due to the addition of industrial users, particularly from Shaanxi Yanchang Coal and Chemical Company [2][3] - In 2015, the long-distance pipeline gas transmission business accounted for approximately 90% of the company's operations, while urban gas business made up about 10% [3] Group 2: Market Presence and Strategy - The company is involved in urban gas markets in several cities, including Yan'an, Tongchuan, Xianyang, Weinan, Hanzhong, Ankang, and Shangluo [3] - There is an intention to acquire urban gas companies with strong asset conditions and profitability [3] - The company currently sources gas from two main supply sources: Changqing and Yanchang, with Changqing being the primary supplier [3] Group 3: Pricing and Customer Strategy - Pricing for non-residential users varies based on pipeline length, with certain large industrial users receiving discounts due to policy reasons [3] - Future growth points for the company include expanding downstream markets, offering discounts to new non-residential users, and promoting coal-to-gas projects [4] Group 4: Management and Employee Ownership - Company executives do not hold shares in the company, and there are currently no plans for an employee stock ownership program, which will be considered based on future development needs [4]