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Public company info - Sino Gas Holdings Group Limited , 01759.HK

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Sino Gas Holdings Group Limited, 01759.HK - Company Profile
Chairman Ji Guang
Share Issued (share) 216,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Petroleum & Gases
Corporate Profile Business Summary: The Group is principally engaged in the retail and wholesale of liquefied petroleum gas (“LPG”), compressed natural gas (“CNG”) and liquefied natural gas (“LNG”) in the People’s Republic of China (the “PRC”). Performance for the year: For the year ended 31 December 2019, the Group has recorded revenues of approximately RMB1,278.9 million, representing an increase of approximately RMB58.9 million as compared to approximately RMB1,220.0 million in 2018. For the year ended 31 December 2019, the gross profit of the Group was approximately RMB143.5 million, representing a decrease of approximately RMB37.7 million as compared to approximately RMB181.2 million in 2018. Business Review: (1) LPG Business LPG could be used as vehicle fuel but is also commonly used as fuel sources for cooking or heating appliances. As at 31 December 2019, the Group had 6 LPG vehicular refuelling stations and 2 LPG domestic stations in Guangdong Province. There was also an LPG terminal with storage facilities located in Guangdong Province. (2) CNG Business CNG is widely used in short distance vehicles such as local buses, taxis and private vehicles. As at 31 December 2019, the Group had 12 CNG vehicular refuelling stations, 1 L-CNG vehicular refuelling station and 3 CNG mother stations in Henan Province. (3) LNG Business The LNG refuelling market in China is still at an emerging stage due to its relatively high cost to process, liquefy and store compared with CNG. With the support of the PRC government policies, the development and promotion of LNG in the South China and coastal areas has developed rapidly, especially the rising demand for LNG in the industrial and power generation industries, which has laid a solid foundation for the growth of LNG. As at 31 December 2019, the Group had 1 LNG vehicular refuelling station in Guangdong Province and 1 L-CNG vehicular refuelling station in Henan Province. Prospects: Deepen and Upgrade the Upstream and Downstream Industrial Chains As the country develops the Guangdong-Hong Kong-Macao Greater Bay Area, the Group will focus on the energy strategy centered on the Guangdong Pearl River Delta, and deepen the Group’s LPG terminal storage, logistics, and terminal stations, and strengthen the integration of resources in the industry, and find an innovative energy development path. Comprehensive Energy Development China’s as well as the world’s energy industry is developing in the direction of cleanliness and the energy transformation process featuring high efficiency, cleanliness, diversification and intelligence will be accelerated. The industry in which the Group operates have to closely follow national policy guidelines and keep pace with the times and the development of integrated energy is the only way for the Group to transform. Based on its solid industrial chain, the Group further explores new business models for energy diversification and develops energy and new energy fields closely related to natural gas. The Group will strive to promote the transformation and upgrading of the Group’s industry, form a new economic growth point for the Group, provide diversified comprehensive energy supply and value-added services the Group’s customers, so as to bring revenue growth to the Company and bring ideal returns to the Group’s shareholders.

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