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Public company info - Jilin Province Chuncheng Heating Company Limited-H Shares , 01853.HK
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Jilin Province Chuncheng Heating Company Limited-H Shares, 01853.HK - Company Profile
Chairman LIU Changchun
Share Issued (share) 117,000,000
Par Currency Renminbi
Par Value 1.0
Industry Electricity Supply
Corporate Profile Business Summary: The group is the largest heat service provider in Jilin Province.involved in the following principal activities: Heat supply, including the provision and distribution of heat, pipeline connection fee and heat transmission; Construction, maintenance and design services and others. Performance for the year: The revenue for the year ended 31 December 2019 was RMB1,561.4 million, representing an increase of 8.4% over the comparative figures of 2018. The profit attributable to owners of the Company for the year ended 31 December 2019 was RMB134.0 million, representing an increase of 30.5% over the comparative figures of 2018. Business Review： (1) Heat Supply Business Overview As of the end of 2019, the Group is the largest heat service provider in Jilin Province. Heat supply is the Group’s core business, which has more than 20 years of operating history in Changchun. Since April 2018, the heat supply business of the Group has all adopted the clean heating model of heat procurement from cogeneration plants. Moreover, the adoption of smart heating network system allows us to conduct the Group’s heat supply business precisely and efficiently. As at 31 December 2019, the Group’s heat service area was approximately 39.5 million sq.m., representing an increase of approximately 1 million sq.m. from 38.5 million sq.m. in 2018. As at 31 December 2019, the Group had 320,333 heat supply users, representing an increase of 13,367 from 306,966 users in 2018. For the year ended 31 December 2019, the revenue of the Group from heat supply business amounted to RMB960.7 million, representing an increase of approximately RMB21.2 million, or 2.3%, from RMB939.5 million in 2018. (2) Construction, Maintenance and Design Services The Group’s construction, maintenance and design services cover the peripheral services business of the heat supply industry chain. The Group’s main services include engineering construction, engineering maintenance, design services and electrical and instrument maintenance. These services mainly cover Northeast China. For the year ended 31 December 2019, revenue generated from the Group’s construction, maintenance and design services amounted to RMB600.7 million, representing an increase of RMB100.1 million, or 20.0%, from RMB500.6 million in 2018. Prospects: The continuous advancement of urbanization in the PRC provides greater development opportunities for the centralized heating market. Meanwhile, the application and promotion of new energy heating technology, scientific and technological innovation and integration of intelligent features have revitalized the heating industry and created new opportunities for the development of the Group’s heat supply and other business segments. In 2020, the Group will continue to develop its heat supply business and focus on scientific and technological innovation, technological upgrade and clean energy development. The Group will also strive to expand its assets scale and leverage its advantages in the industrial chain to consolidate its leading position in the industry and achieve outstanding results for the sustainable development of the Company.

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