中民控股2025中报

Contents 2Corporate Information 3Management Discussion and Analysis 14Condensed Consolidated Statement of Profit or Lossand Other Comprehensive Income 16Condensed Consolidated Statement of Financial Position 18Condensed Consolidated Statement of Changes in Equity 20Condensed Consolidated Statement of Cash Flows 21Notes to the Condensed Consolidated Financial Statements 47Disclosure of Interests 51Other Information Corporate Information Management Discussion and Analysis The board (the “Board”) of directors (the “Director(s)”) ofChinese People Holdings Company Limited (the “Company”)is hereby to announce the unaudited condensed consolidatedfinancialstatements of the Company and its subsidiaries(collectively the “Group”) for the six months ended 30 June2025 (the “Period” or “Reporting Period”). 20256 30 BUSINESS REVIEW 2025 In the first half of 2025, global output of natural gas remainedat a high level, market supply and demand was loose, and thenatural gas market continued to recover and improve in thePRC. 20252,119.700 . 9 %1,308.305.8%827.757.8%409.22418.53 In the first half of 2025, the consumption of domestic naturalgaswas approximately 211.97 billion m3,representing ayear-on-year decrease of approximately 0.9%; the natural gasproduction was approximately130.83 billion m3, representinga year-on-year increase of approximately 5.8%; the importednatural gas was approximately 82.775 billion m3, representinga year-on-year decrease of approximately 7.8%, of which thepiped gas was approximately 40.922 billion m3, and liquefiednatural gas was approximately 41.853 billion m3. 12.28202413.629.84%77.50202466.6116.35%0.7220240.4912.17%202412.31%0.14% Asof the Reporting Period,the revenue of the Groupamountedto approximately RMB1,228 million(2024:RMB1,362 million), representing a decrease of approximately9.84% as compared with the corresponding period of last year,while profit of the Group for the Period was approximatelyRMB77.50million(2024:RMB66.61 million),representingan increase of approximately 16.35% as compared with thecorresponding period of last year. Basic earnings per share ofthe Company was RMB0.72 cents (2024: RMB0.49 cents). Thegross profit margin of the Group was approximately 12.17%(2024:12.31%),representing a decrease of approximately0.14% as compared with the corresponding period of last year.The decrease in gross profit margin was mainly attributableto the decrease in the gross profit margin of gas distributionbusiness. Management Discussion and Analysis BUSINESS REVIEW(Continued) Piped Gas Transmission and Distribution Business 582,950,00054,658,0008.57%47.47%202446.82%1 1 . 9 5 %2 0 2 411.54% Piped gas transmission and distribution business is one of ourmain businesses and source of income. For the Period, revenueofapproximately RMB582,950,000 was recorded from ourpiped gas transmission and distribution business, representingadecrease of approximately RMB54,658,000 or 8.57%ascompared with the corresponding period of last year, whichaccounted for approximately 47.47% (2024: 46.82%) of ourtotal revenue. The gross profit margin of piped gas transmissionand distribution business for the Period was approximately11.95% (2024: 11.54%). The increase in gross profit marginof piped gas transmission and distribution business was mainlydue to the increase in the gross profit margin of piped gas salesand piped gas connection. – –Piped Gas Connection 28,473,00012,074,00029.78%4.88%20246.36%7,32732720256 30595,3881 3 , 4 6 33.65%6.55% During the Period, revenue from piped gas connectionwasapproximately RMB28,473,000,representingdecrease of approximatelyRMB12,074,000 or 29.78%as compared with the corresponding period of last year,which represented approximately 4.88% (2024: 6.36%)of the total revenue of the piped gas transmission anddistributionbusiness.During the Period,there wasanaddition of 7,327 units of connected residentialhouseholdcustomers and 327 units of connectedcommercial and industrial (“C/I”) customers, respectively.Asof 30 June 2025,the accumulated number ofconnected residential household customers was 595,388units;and the accumulated number of connectedC/I customers was 13,463 units, representing an increaseofapproximately 3.65%and 6.55%,respectively ascompared with the corresponding period of last year. Management Discussion and Analysis BUSINESS REVIEW(Continued) Piped Gas Transmission and Distribution Business(Continued) – –Piped Gas Sales 554,477,00042,584,0007.13%95.12%202493.64%21,356202423,3608.58%8,16720247,7345.60%13,189202415,62715.60% Duringthe Period,revenue from piped gas saleswasapproximately RMB554,477,000,representing adecreaseof approximately RMB42,584,000 or 7.13%ascompared with the corresponding period of lastyear. The decrease in revenue was mainly due to thedecrease in demand during the Period. Revenue frompiped gas sales accounted for approximately 95.12%(2024:93.64%)of the total revenue from the pipedgas transmission and distribution busi