Tian Lun Gas Holdings Limited天 倫 燃 氣 控 股 有 限 公 司2023INTERIMREPORT中期報告 管理層討論及分析其他資料中期簡明合併綜合收益表 中期簡明合併資產負債表 中期簡明合併權益變動表 中期簡明合併現金流量表 未經審核簡明合併 中期財務報表附註2162728303234Management Discussion and Analysis Other InformationInterim Condensed Consolidated Statement of Comprehensive IncomeInterim Condensed Consolidated Balance SheetInterim Condensed Consolidated Statement of Changes in EquityInterim Condensed Consolidated Statement of Cash FlowsNotes to Unaudited Condensed Consolidated Interim Financial Statements目錄CONTENTS 2天倫燃氣控股有限公司 2023年中期報告 管理層討論及分析MANAGEMENT DISCUSSION AND ANALYSIS行業回顧二零二三年是全面貫徹黨的二十大精神開局之年，也是「十四五」規劃承上啟下的關鍵一年。黨的二十大報告提出，深入推進能源革命，加大油氣資源勘探開發和增儲上產力度，加快規劃建設新型能源體系，為推進能源綠色低碳轉型和高質量發展指明了方向。特別是在當今「雙碳」目標下，綠色低碳轉型依然是中國能源轉型的主線，而能源行業是推進綠色低碳發展的主戰場、主陣地。天然氣作為優質高效、清潔低碳能源，與可再生能源形成良性互補，在實現「雙碳」目標中，對能源安全保障和綠色低碳轉型中扮演著重要角色，當前及未來較長時間內仍保持穩步增長。上半年，國家在穩住油氣生產的基礎上，推動天然氣增儲上產，加快新能源規模開發，努力實現增氣、增綠、增「高」，形成佈局綠色轉型新亮點。二零二三以來，我國生產生活加快恢復，全國能源供需總體平穩。上半年，中國經濟始終保持穩步向上的基調，國內生產總值同比增長5.5%，隨著國內經濟持續復蘇，國際天然氣價格回落，天然氣需求增速觸底回升，推動了國內天然氣行業回暖，天然氣的長期消費趨勢回到增長軌道。據統計，上半年，天然氣生產、進口均保持平穩增長，全國天然氣產量1,155億立方米，同比增長5.4%，全國天然氣表觀消費量1,949億立方米，同比增長6.7%，中國天然氣產業仍然處於較快發展階段。INDUSTRY REVIEWThe year 2023 is the first year for the full implementation of the spirit of the 20th National Congress and also a critical year for the “14th Five-Year Plan”. The report of the 20th National Congress proposed to further promote the energy revolution, intensify the exploration and development of petroleum and gas resources, increase reserves and production, and accelerate the planning and construction of a new energy system, which demonstrated the direction of promoting the green, low-carbon transformation and high-quality development of energy. Especially under the current “dual-carbon” goal, green and low-carbon transformation is still the main direction for China’s energy transformation, and the energy industry is the main battlefield for promoting green and low-carbon development. As a high-quality, efficient, clean and low-carbon energy source, natural gas is complementary to renewable energy and plays an important role in realizing the “dual-carbon” goal of guaranteeing energy security and green and low-carbon transformation. It will continue to grow steadily both at present and in the longer term. In the first half of the year, on the basis of stabilizing petroleum and gas production, China promoted the increase of natural gas reserves and production, accelerated the development of new energy, and strived to realize the increase of gas, green, and “high”, forming a new milestone in the green transformation layout.Since 2023, China’s recovery of production and life have been accelerated, and the national energy supply and demand has been generally stable. In the first half of the year, China’s economy has maintained a steady upward trend, with GDP growth of 5.5% year-on-year. As the domestic economy continued to recover, international natural gas prices have fallen, and the growth rate of natural gas demand has bottomed out, pushing the domestic natural gas industry to rebound. The long-term consumption trend of natural gas has returned to the growth track. According to statistics, in the first half of the year, natural gas production and imports maintained steady growth, with national natural gas production of 115.5 billion m3, an increase of 5.4% year-on-year. The apparent natural gas consumption in the PRC amounted to 194.9 billion m3, an increase of 6.7% year-on-year. China’s natural gas industry is still in the stage of rapid development. 3Tian Lun Gas Holdings Limited Interim Report 2023管理層討論及分析（續）Management Discussion and Analysis (Continued)近年來，油氣體制改革深入實施、燃氣管道老化更新改造和儲氣設施建設加快推進、多氣源多路徑供氣格局逐步形成、氣源價格頻繁波動成為常態化，推動天然氣價格市場改革，是我國一直以來努力的方向。上半年，國家發改委發佈《關於組織簽訂2023年天然氣中長期合同的通知》，同時向各省市下發《關於提供天然氣上下游價格聯動機制有關情況的函》，推進天然氣價格聯動機制落地。在此背景下，重慶、河北、貴州、濰坊、四川綿陽等多地發佈相關消息，調整居民用管道天然氣銷售價，一定程度疏導氣價矛盾，促進燃氣行業良性發展。未來，隨著我國天然氣市場化程度的提高，國家和省天然氣價格改革進一步深化，天然氣上下游價格機制將不斷完善。業務回顧截至二零二三年六月三十日止六個月，本集團始終牢記公用事業的根本屬性，積極承擔保供民生的社會責任，在立足燃氣本業同時，加快推動新能源業務的發展及佈局，提高燃氣供應保障能力，實現燃氣高質量發展。In recent years, the full implementation of the petroleum and gas system reform, the renewal and upgrade of the aging gas pipelines and the acceleration of the construction of gas storage facilities, the gradual construction of the multi-source and multi-path gas supply, and the normalization of frequent fluctuation in gas prices have promoted the market reform of gas prices, which has been the direction in the PRC. In the first half of the year, the National Development and Reform Commission (“NDRC”) issued the Notice on Organizing the Signing of Medium- and Long-Term Natural Gas Contracts in 2023 (《關於組織簽訂2023年天然氣中長期合同的通知》), and at the same time issued the Le