中国煤层气集团有限公司2025年度报告

CHARACTERISTICS OF THE GEM ( “GEM” ) OF THE STOCK EXCHANGE OF HONGKONG LIMITED (THE “STOCK EXCHANGE” ) GEM has been positioned as a market designed to accommodate small and mid-sized companies towhich a higher investment risk may be attached than other companies listed on the Stock Exchange.Prospective investors should be aware of the potential risks of investing in such companies and shouldmake the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a riskthat securities traded on GEM may be more susceptible to high market volatility than securities tradedon the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market inthe securities traded on GEM. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take noresponsibility for the contents of this report, make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole orany part of the contents of this report. This report, for which the directors (the “Directors”) of China CBM Group Company Limited (the “Company”)collectively and individually accept full responsibility, includes particulars given in compliance with the RulesGoverning the Listing of Securities on GEM of the Stock Exchange (the “GEM Listing Rules”) for the purposeof giving information with regard to the Company. The Directors, having made all reasonable enquiries,confirm that to the best of their knowledge and belief the information contained in this report is accurate andcomplete in all material respects and not misleading or deceptive, there are no other matters the omission ofwhich would make any statement herein or this report misleading and that all opinions expressed in this reporthave been arrived at after due and careful consideration and are founded on bases and assumptions that arefair and reasonable. GEMGEM GEM GEMGEMGEM GEMGEM 3Corporate InformationCONTENTS 6Corporate Profile7Chairman’s Statement11Management Discussion and Analysis18Corporate Governance Report37Biographical Information of Directors and Key Management41Directors’ Report58Independent Auditors’ Report66Consolidated Statement of Profit or Loss68Consolidated Statement of Profit or Loss andOther Comprehensive Income69Consolidated Statement of Financial Position71Consolidated Statement of Changes in Equity72Consolidated Statement of Cash Flows75Notes to the Consolidated Financial Statements196Five Year Financial Summary BOARD OF DIRECTORS Executive Directors Mr. Wang Zhong Sheng(Chairman)Mr. Chang Jian (resigned on 13 February 2026)Mr. Wang ChenMr. Tan Ye Kai, ByronMr. Leung Chi Ho Non-Executive Director Ms. Li Siliang Independent Non-Executive Directors Mr. Lau Chun PongMr. Wang Zhi HeMr. Xu Yuan Jian AUDIT COMMITTEE Mr. Lau Chun Pong(Chairman of audit committee)Mr. Wang Zhi HeMr. Xu Yuan Jian NOMINATION COMMITTEE Mr. Wang Zhi He(Chairman of nomination committee)Mr. Lau Chun PongMr. Xu Yuan JianMs. Li Siliang (appointed on 2 July 2025) REMUNERATION COMMITTEE Mr. Lau Chun Pong(Chairman of remuneration committee)Mr. Wang Zhi HeMr. Xu Yuan Jian COMPANY SECRETARY Mr. Tse Chun Lai CORPORATE INFORMATION COMPLIANCE OFFICER Mr. Wang Zhong Sheng AUTHORISED REPRESENTATIVES Mr. Wang Zhong ShengMr. Tse Chun Lai HEAD OFFICE & PRINCIPAL PLACE OF BUSINESSIN HONG KONG 11169-10 Room 9-10, 16/F,CCT Telecom Building11 Wo Shing StreetFo Tan, ShatinNew Territories, Hong Kong REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR PRINCIPAL BANKERBank of China (Hong Kong) Limited 0827008270 CORPORATE PROFILE GEMGEM China CBM Group Company Limited and its subsidiaries(collectively referred to as the “Group”) currently conduct thebusiness of manufacture and sales of liquefied coalbed gaswhose operations are located in the PRC. The Company wasincorporated in Cayman Islands as an exempted company withlimited liability in July 2002 and continued in Bermuda as anexempted company with limited liabilities in accordance with theCompany Act 1981 (as amended) of Bermuda. It was initiallylisted on the GEM (“GEM”) of The Stock Exchange of Hong KongLimited on 12 August 2003. The Group is principally engaged in the business of exploitationa n d s a l e s o f n a t u r a l g a s i n t h e S h a n x i P r o v i n c e P R C .Headquartered in Beijing. The Group has made significant investment in resourcesexploration and exploitation at th