华润燃气2025 中期报告

2025Interim Report中期報告 學標杆, 提服務, 新質發展Bench-marking and Enhancing Services forHigh-quality Development Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda 261901-02 Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179, Hamilton HM EXBermuda 1617 ContentsContents 4Corporate Profile 5Chairman’s Statement and Review of Operations andResults 19Corporate Governance and Other Information 28Financial & Operational Highlights 31Independent Review Report 33Consolidated Statement of Profit or Lossand Other Comprehensive Income 35Consolidated Statement of Financial Position 37Consolidated Statement of Changes in Equity 40Condensed Consolidated Cash Flow Statement 42Notes to Interim Financial Report Provincial Capitals 275 CR Gas City Gas Projects 20,755 Gas Sales Volume in the First Half of 2025 (Million m3) 6,137 Number of Customers (Ten Thousand) Pipelines (Ten Thousand km)33 Corporate Profile THE PRC CITY GAS DISTRIBUTION FLAGSHIPOF CHINA RESOURCES GROUP China Resources Gas Group Limited (the “Company” or “CR Gas”),substantiallyowned by China Resources(Holdings)CompanyLimited, one of the largest state-owned conglomerates in China, is aleading gas utilities group in China, the principal businesses of whichinclude the purchases and sales of natural gas, the construction andoperationof pipeline facilities,comprehensive service,combinedcooling, heating and power, and gas for vehicles and vessels, etc.Its operations are strategically located in areas of China, which areeconomically more developed and densely populated and areas withrich reserves of natural gas. 275251576207.66,137 Leveraging on the excellent industry fundamentals and the executioncompetency of the Company and its subsidiaries (the “Group”), CRGascontinues to expand steadily in 2025 via organic growths.Inthe first half of 2025 (the “Period”), CR Gas’s portfolio is consisted of275 city gas projects in 25 provinces of China including 15 provincialcapitals and 76 prefecture-level cities with a gross gas sales volumeofapproximately 20.76 billion cubic meters and 61.37 millioncustomers in the first half of 2025. 2035 Theoptimisation of energy structure and environmental pollutioncontrol will promote the sustainable growth of natural gas consumptionin China. The PRC government has, in recent years, taken variousmeasures to promote the development and utilisation of less pollutingenergysources.The natural gas industry is in sync with the coredevelopment idea of innovation, harmony, green, open and sharingas compared with conventional energy resources such as coal andcrude oil. In “The 14th Five-Year Plan” and the draft of “Long-RangeObjectives through the Year 2035”, the state once again emphasisedthatthe promotion of green and low-carbon development,theenhancementof the construction of ecological civilisation and thepromotion and application of natural gas played an important role inprotecting the ecological environment and promoting the transition togreen development. The natural gas market in China is still in the important developmentperiod, as China remains the most important region in the global riseof natural gas development. CR Gas is well placed to take advantageofsuch a favorable operating environment and to become themost respectable leader in the PRC’s gas industry by continuouslyexpanding through organic and external growths; diligently enhancingits operational efficiency in pursue of excellence; delivering a safe andreliable supply of clean energy as well as the caring, competent andefficient services to our customers; offering growing and sustainableperformanceto shareholders;creating extensive professional andpersonal development opportunities to employees; and contributingtothe protection and improvement of the Chinese and globalenvironment. Chairman’s Statement and Review of Operations and Results The Group will expand steadily via sustainable organic growth and qualityexternal acquisitions, at the same time actively explore new opportunitiesarising from its gas value chain and customer base. During the Period, the Group has adhered to the spirit of pursuingexcellence by formulating the annual management theme of “Bench-markingand Enhancing Services for High-Quality Development”.Benchmarkedagainst the leading companies in the industry,theGroupefficiently promotes business innovation and continuouslyimproves the operating efficiency in order to constantly consolidate thecore advantages of the Group in the city gas market of sophisticatedregions and cities. SALE OF NATURAL GAS 35100%2.03.75% In the first half of 2025, the Group continues to enhance its ability tocoordinate natural gas resources; coordination volume exceeded 3.5billion cubic meters, representing a year-on-year increase of 100%and 0.20 billion of unconventional gas were acquired; the gas sourceguaranteecapability was continued to enhance,with the storagecapacity of the Group increasing