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Public company info - China Gas Industry Investment Holdings Co. Ltd. , 01940.HK

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China Gas Industry Investment Holdings Co. Ltd., 01940.HK - Company Profile
Chairman David T Chen
Share Issued (share) 1,200,000,000
Par Currency U.S. Dollar
Par Value 1.0E-4
Industry Petroleum & Gases
Corporate Profile Business Summary: The Group is an industrial gas supplier operating in Hebei Province. Performance for the year: The Group’s revenue increased from approximately RMB1,027.2 million for the year ended 31 December 2017 to approximately RMB1,145.6 million for the year ended 31 December 2018, and further to approximately RMB1,305.2 million for the year ended 31 December 2019. The Group’s profit for the year increased from approximately RMB80.0 million for the year ended 31 December 2017 to approximately RMB119.8 million for the year ended 31 December 2018, and further to approximately RMB133.8 million for the year ended 31 December 2019. Business Review THE GROUP’S MISSION — TO BECOME A MARKET LEADER AND THE MOST INFLUENTIAL INDUSTRIAL GAS SUPPLIER IN THE PRC The Group are an industrial gas supplier operating in Hebei Province. The Group’s industrial gas products include oxygen, nitrogen, argon, hydrogen and carbon dioxide. Industrial gas is widely used globally in a diverse range of industries. Particularly, industrial gas products are important raw materials for the production of iron and steel. According to the Frost & Sullivan Report, there are likely to be development opportunities for the industrial gas industry following large demand from downstream sectors and certain strong support from the PRC Government. The Group’s mission is to become a market leader and the most influential industrial gas supplier in the PRC. By establishing the Group’s presence in strategic geographical locations and expanding the Group’s market share in downstream sectors, the Group strive to become the best and the most profitable industrial gas supplier in the PRC. The Group aim to fully utilise the Group’s production facilities to maximise the Group’s production volume and service quality and to become not only a preferred supplier but also a long-term business partner of the Group’s customers by providing them with quality products, advanced technology support and comprehensive services. Leveraging the Group’s experience, the Group believe that the Group are well positioned to continue to grow the Group’s business in the future. Overview The Group have been in operation since 2007, and the Group were the second largest industrial gas supplier in the Jing-Jin-Ji Region in terms of revenue in 2019 according to the Frost & Sullivan Report. The Jing-Jin-Ji Region, comprising Beijing, Tianjin and Hebei Province, is the largest urbanised megalopolis region in North China and the leading regional market of industrial gas in China in terms of revenue. According to the Frost & Sullivan Report, the Jing-Jin-Ji Region industrial gas market accounted for approximately 17.3% of the total industrial gas market in China in terms of revenue in 2019. Apart from the iron and steel industry which represents the largest industrial gas consumption in the Jing-Jin-Ji Region in terms of revenue, petrochemical, other chemicals and electronics record large demands for industrial gas in the Jing-Jin-Ji Region. As such, the Jing-Jin-Ji Region represents significant potential opportunity for industrial gas suppliers to develop and grow. During the Track Record Period and up to the Latest Practicable Date, the Group mainly focused on the supply of pipeline industrial gas and liquefied industrial gas. The Group also operated a relatively small-scale LNG-related business which included the supply of LNG and provision of gas transmission service. The Group are the exclusive pipeline industrial gas supplier for a few members of the HBIS Group, a leading iron and steel producer in the PRC. HBIS Company, a member of the HBIS Group, is one of the Group’s founding shareholders. TTG was first established as a joint venture between HBIS Company and CGII in 2007. HBIS Company is owned directly and indirectly by subsidiaries of HBIS, which is a wholly-owned subsidiary of Hebei Province SASAC. Given the historical background, since commencement of the Group’s operations, the Group have been supplying pipeline industrial gas to iron and steel companies of the HBIS Group which require the Group’s industrial gas products as raw materials for their iron and steel production. Through the Group’s on-site gas production facilities located on or in close proximity to the production premises of those companies, the Group are able to provide a stable and reliable supply of pipeline industrial gas to facilitate their production of iron and steel. The Group believe that the Group have developed a strategic and mutually beneficial relationship with the HBIS Group. The Group’s primary product is pipeline industrial gas, which is produced by the Group’s ASUs. Revenue generated from the supply of pipeline industrial gas accounted for approximately 66.4%, 62.8%, 71.4% and 75.6% of the Group’s total revenue for the years ended 31 December 2017, 2018 and 2019 and the six months ended 30 June 2020, respectively. During the Track Record Period, all of the Group’s revenue generated from the Group’s supply of pipeline industrial gas was derived from sales to members of the HBIS Group. The Group produce and supply liquefied industrial gas primarily to offsite independent end-user customers. The production process of liquefied industrial gas is almost identical to that of pipeline industrial gas except that it involves additional liquefaction processing. Accordingly, the production of pipeline industrial gas, as well as liquefied industrial gas, increases the Group’s overall revenue generation and enhances the Group’s overall operational efficiency by optimising the utilisation of the Group’s ASUs. Revenue generated from the Group’s supply of liquefied industrial gas accounted for approximately 23.1%, 25.3%, 19.6% and 17.0% of the Group’s total revenue for the years ended 31 December 2017, 2018 and 2019 and the six months ended 30 June 2020, respectively. The Group’s LNG-related business includes the supply of LNG and provision of gas transmission service. The supply of LNG refers to the Group’s production and sales of LNG products. The provision of gas transmission service refers to the Group’s COG pressurisation and transmission service. Since 2017, due to the reduced supply of COG available to us for LNG production purposes, the level of the Group’s supply of LNG has decreased and most of the revenue generated from the Group’s LNG-related business was derived from the provision of gas transmission service. Revenue generated from the Group’s LNG-related business accounted for approximately 9.6%, 10.7%, 7.9% and 5.9% of the Group’s total revenue for the years ended 31 December 2017, 2018 and 2019 and the six months ended 30 June 2020, respectively. The Group have no present intention to discontinue the Group’s supply of LNG. HBIS Tangshan Branch was the sole customer for the Group’s gas transmission service during the Track Record Period. Prospects: Continue to strengthen the Group’s industry-leading position in the Jing-Jin-Ji Region. Further diversify the Group’s industrial gas products portfolio and expand the Group’s target market through industry and customer diversification. Strategically expand the Group’s geographical coverage. Continue to attract, retain and promote talent.

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