Annual Report Corporate 2013 Information
Total Page:16
File Type:pdf, Size:1020Kb
ENN 2013ar cover1 op con.indd 1 25/3/2014 20:52:58 Operational Locations (The PRC) West-to-East Pipeline I West-to-East Pipeline II Inner Mongolia Inner Mongolia (1 project) Shandong (15 projects) West-to-East Pipeline III Liaoning (under construction) Tongliao 767,000 Binzhou Zhanhua Economic Province Development Zone – Changqing Zone, Shaanxi-Beijing Pipeline I Liaoning (4 projects) Jinan City 640,000 Connectable Tianjin Floating Location Chengyang 646,000 Population Terminal Dayou Linhai Beijing Huangdao 529,000 Shaanxi-Beijing Pipeline II Economic Zone, Municipality Jiaonan 394,000 Linghai City 20,000 Jiaozhou 408,000 Hebei (16 projects) Beijing Municipality (1 project) Huludao 990,000 Laiyang 300,000 Shaanxi-Beijing Pipeline III Panjing Chemical Baoding 1,200,000 Pinggu 116,000 Liaocheng 575,000 Gaocheng 180,000 Caofeidian Dalian Enterprises Zone – Qingdao Sino-German Xingcheng 134,000 Ecopark – Hebei-Nanjing Pipeline Jingxing 330,000 Yantai Langfang 710,000 (under construction) Rizhao 395,000 Lingshou 90,000 Tianjin Binhai Xintai City (under construction) Zhong-Wu Pipeline Luanxian 82,000 Development Zone – Luquan 92,000 Henan (8 projects) Yantai 1,800,000 Luquan Green Island Kaifeng 867,000 Yantai Development Zone – Yong-Tang-Qin Pipeline Development Zone - Luoyang 1,650,000 Hebei Qingdao Zhucheng 472,000 Rongcheng 70,000 Province (under construction) Zouping 195,000 Ruyang County 130,000 Shandong Shenze 40,000 Shangqiu 1,504,000 Qin-Shen Pipeline Shijiazhuang 2,766,000 Weihui City (Tangzhuang Province Jiangsu (12 projects) Zhejiang (15 projects) Wenan Industrial Park - Town) Industrial Wuji 80,000 Agglomeration Zone 30,000 Gaoyou 213,000 Haining 227,000 Sichuan-East Pipeline Xingtang Xinan 103,000 Haian 193,000 Haiyan 101,000 Development Zone - Xinxiang 1,024,000 Hongze 382,000 Huangyan 604,000 Xinji 200,000 Yichuan 100,000 Jiangsu Huaian 1,186,000 Huzhou 490,000 Tai-Qing-Wei Pipeline Zhengding New Zone, Province Lianyungang 955,000 Jinhua 148,000 Shijiazhuang City 50,000 Lianyungang Xuyu Lanxi 130,000 Anhui (12 projects) New Zone – Longwan 350,000 Hangzhou-Jiaxing Pipeline Henan Rudong Bengbu 927,000 Province Suining Suburban Project – Longyou 125,000 Bozhou 225,000 Taixing 240,000 Nanxun 491,000 Wujin 1,026,000 Hu-Hang-Yong Pipeline Chaohu 370,000 Ningbo (Yinzhou) 484,000 Xinghua 440,000 Quzhou 270,000 Hunan (13 projects) Chuzhou 543,000 Shanghai Dingyuan County - Anhui Yancheng 904,000 Wenzhou – Yancheng Environmental Wenzhou Wanquan Yong-Tai-Wen Pipeline Changsha 3,661,000 Fengyang 110,000 Province (under construction) Changsha County 301,000 Protection Industrial Park – Light Industrial Base – Guzhen 92,000 Ningbo Chenzhou Suxian Jieshou Industrial Zone - Xiaoshan 686,000 China-Myanmar Pipeline Industrial Zone - Laian 85,000 Yongkang 229,000 Huaihua 420,000 Zhejiang Luan 400,000 Sichuan Liling 222,000 Quanjiao 114,000 Province Province Liuyang Industrial Suchu Modern Fujian (11 projects) Guangdong (20 projects) Park - Industry Park - Hunan Anxi 121,000 Dongguan 7,050,000 Ningxiang 312,000 Dehua 101,000 Dongyuan 96,000 North-western Province Huian 139,000 Fengkai 81,000 Liuyang 100,000 Sichuan (1 project) Jinjiang 402,000 Guangning 81,000 Wangcheng 151,000 Longyan Development Heyuan 300,000 Xiangtan 879,000 Liangshan Fujian Zone 171,000 Huadu 675,000 Yongzhou 608,000 Prefecture 600,000 Province Nanan 382,000 Huaiji 126,000 Zhuzhou 1,280,000 Ningde Xiapu Jiangmen Zhuzhou County 274,000 Yacheng Dongyang Hecheng Town Zone – Putian Yunnan Province Industrial Park – Leizhou 350,000 Gas Project Managed Quangang 316,000 Lianjiang 300,000 Yunnan (2 projects) by ENN Quanzhou 1,101,000 Lianzhou 155,000 Kunming City Guangdong Shishi 99,000 Luoding 295,000 LNG Import Terminal Hi-tech Zone 40,000 Province Yongchun 154,000 Panyu Zone, Wenshan 444,000 Guangzhou City 1,779,000 Guangxi Shantou 1,489,000 Yuedong Sihui 472,000 Guangxi (3 projects) (under construction) Xinyi 254,000 Dapeng Yunan 75,000 Guigang 394,000 Zhanjiang 658,000 Guilin 976,000 Zhuhai Shenzheng (under construction) Zhaoqing 640,000 Guiping Industrial Park, Zhaoqing Guigang City – Beihai Tieshan Port Development Zone 72,000 (under construction) Dongguan Jiufeng Total: 61,015,000 Hainan (under construction) ENN_IFC+IBC 2013ar_23.indd 2 25/3/2014 20:49:26 CONTENTS 0403 Corporate Information 4042 Director’sDirectors’ Report 06 Chairman’sChairman’ Statement Statement 4756 CorporateAuditors’ Report Governance Report 1214 ProjectAreas of Operational Operations Data 4884 IndependentConsolidated Auditor’sIncome Statement Report 1420 OperationalProject Operational and Financial Data Summary 4985 Consolidated StatementBalance Sheet of Profit or Loss and 1622 ComparisonOperational andof Ten-year Financial Results Summary 50 OtherBalance Comprehensive Sheet Income 1926 ManagementComparison of Discussion Five Year Resultsand Analysis 5186 Consolidated Statement of FinancialChanges inPosition Equity 2438 DirectorsManagement and DiscussionSenior Management and Analysis 5288 ConsolidatedNotes to the Financial Statement Statements of Changes in Equity 24 Directors, Senior Management and Staff 5489 ConsolidatedNotes of Annual Statement General of Meeting Cash Flows 92 Notes to the Consolidated Financial Statements OUR MISSION INNOVATING CLEAN ENERGY, IMPROVING LIVING ENVIRONMENT, ENHANCING LIFE QUALITY. 03 ANNUAL REPORT CORPORATE 2013 INFORMATION Board of Directors Members of the Nomination Hong Kong Branch Share Registrar Executive Directors Committee and Transfer Office Wang Yusuo* Computershare Hong Kong Investor Wang Yusuo (Chairman) Jin Yongsheng Limited Cheung Yip Sang (Vice Chairman) Wang Guangtian Rooms 1712–16, 17th Floor Zhao Jinfeng Yien Yu Yu, Catherine CFA Hopewell Centre Yu Jianchao Kong Chung Kau CPA 183 Queen’s Road East Han Jishen (President) Ma Zhixiang Wanchai Wang Dongzhi (Chief Financial Officer) Yuen Po Kwong Hong Kong Non-executive Directors Registered Office Stock Exchange Listing Wang Zizheng Ugland House The Stock Exchange of Hong Kong Limited Jin Yongsheng P.O. Box 309 Lim Haw Kuang South Church Street Stock Code Independent Non-executive Directors George Town 2688 Grand Cayman Wang Guangtian Cayman Islands Auditors Yien Yu Yu, Catherine British West Indies Deloitte Touche Tohmatsu Kong Chung Kau Certified Public Accountants Ma Zhixiang Principal Place of Business in 35th Floor One Pacific Place Yuen Po Kwong Hong Kong No. 88 Queensway Rooms 3101–04, 31st Floor Company Secretary Hong Kong Tower 1, Lippo Centre Wong Chui Lai CPA No. 89 Queensway Legal Adviser Hong Kong Authorised Representatives Woo, Kwan, Lee & Lo 26th Floor, Jardine House Yu Jianchao Head Office in The PRC 1 Connaught Place Wang Dongzhi Building A, ENN Industrial Park Central Xinyuan DongDao Road Hong Kong Members of the Audit Committee Economic and Technological Kong Chung Kau* CPA Development Zone Principal Bankers Wang Guangtian Langfang City Industrial and Commercial Bank of China Yien Yu Yu, Catherine CFA Hebei Province China Construction Bank Ma Zhixiang The PRC Agricultural Bank of China Yuen Po Kwong Bank of China (Hong Kong) Principal Share Registrar and Members of the Remuneration Transfer Office in the Cayman Website Committee Islands www.ennenergy.com Yien Yu Yu, Catherine* CFA Royal Bank of Canada Trust Company Jin Yongsheng (Cayman) Ltd E-mail address Wang Guangtian 4th Floor, Royal Bank House [email protected] Kong Chung Kau CPA 24 Shedden Road Ma Zhixiang George Town Yuen Po Kwong Grand Cayman KY1-1110 Cayman Islands British West Indies * Chairman of the relevant Board committees CAPITALISE ON INDUSTRY OPPORTUNITIES Green, low-carbon and sustainable development already became the main theme of China’s social development. More and more favourable policies will be promulgated to propel the development of natural gas industry. We will fully capitalise on such golden opportunities and speed up business expansion. 7.5% The share of natural gas in primary energy consumption will be raised to 7.5% 06 ENN ENERGY CHAIRMAN’S HOLDINGS LIMITED STATEMENT WE ARE GAINING MOMENTUM TO GROW FURTHER. WANG Yusuo Chairman 07 ANNUAL REPORT 2013 Results of the Year volume in this segment over the total gas The global economy showed signs of mild sales volume increased further to 14.6%. recovery in the year of 2013, while China The growth in vehicle gas sales volume maintained a steady growth. Thanks to the not only reflected the rapid development concerted effort of its employees, the Group of vehicle gas refuelling station business, continued to maintain a substantial growth but also further optimised the Group profit during the year in face of complicated structure. market environment. The revenue and During the year, the Group completed piped profit attributable to shareholders for natural gas connections for 1,220,441 the year reached RMB22,966 million residential households and 7,700 and RMB1,252 million respectively, commercial/industrial (“C/I”) customers representing an increase of 27.4% and a (with total installed designed daily capacity decrease of 15.5% over last year, while the of 8,045,922 cubic metres). As of the earnings per share decreased by 16.5% end of 2013, the accumulated number of to RMB1.16. The decreases in profit connected residential households and C/I attributable to shareholders and earnings customers of natural gas were 9,200,671 per share were due to the non-cash loss and 38,787 (with total installed designed of RMB784 million due to the fair value daily capacity of 41,820,125 cubic metres) change of the zero coupon convertible respectively, while in terms of all piped bonds issued in early 2013. Excluding this gas users, the accumulated number of factor, profit attributable to shareholders in connected residential households and C/I 2013 actually increased comparing to last customers reached 9,274,794 and 38,939 year. (with total installed designed daily capacity In 2013, the Group acquired a total of of 41,864,127 cubic metres) respectively. 17 new projects, including 9 city-gas The sales volume of natural gas for the projects including Baoding City in Hebei year grew by 29.1% to 8,037 million Province, Heyuan City, Leizhou City, cubic metres as compared with last year.