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Annual Report 13

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Annual Report 13 The Hong Kong and China Gas Company Limited (Stock Code: 3) 20annual report 13 DEVELOping ENVIRONMenTALLY- FRiendLY NEW EneRGY Advancing our expertise to remain at the forefront of the new energy sector A LeadeR in MainLand UTILITIES Forging strong partnerships and excellence in safety, service and engineering CONTinuOUS INNOVATION in HONG KONG Broadening the scope of our activities and developing renowned products and services In total, we have invested We operate In January 2014, Towngas was the Top Winner in 173 proJects in 119 citY-gas we issued our at the Hong Kong Most mainland China covering proJects in 20 FIRST PERPETUAL Admired KnoWledge city-gas, city-water, provinces, autonomous SUBORDINATED Enterprise AWards wastewater treatment, regions and municipalities GUARANTEED 2013, recognising the natural gas pipelines, in mainland China, serving , synergy between our telecommunications and the CAPITAL SECURITIES 17.29 million accounts, production of gas-related amounting to innovative culture and equivalent to a population materials and devices. US$300 million with knowledge management of 52 million. interest rate of 4.75 per cent and its impact on our quality p.a. and non-call five-year. products and services. EXPANDING New Horizons Over the last decade and a half, we have undergone a wide-ranging transformation that has enabled us to grow from a local town gas supplier in Hong Kong into a leading Asian provider of energy. Guided by our management theme “Expanding New Horizons”, our key strategic goal is to create long-term, multifaceted and sustainable growth with a focus on utilities, energy and infrastructure. We were honoured to We became the first Currently under implementation ECO now has receive the “Innovation and city-gas supplier to invest are four state-of-the-art 25 REFILLING Creativity Grand Award” in an underground NEW ENERGY PLANTS STATIONS at the 2013 Hong Kong gas storage facility including converting coke in operation, under Awards for Industries for in mainland China. Located oven gas into liquefied planning or our proprietary invention, in Jiangsu province, the natural gas; processing construction in the Laparobot, a storage is being constructed methanol into gasoline mainland China. versatile robot which helps in phases and on completion, substitute product, as well as engineers to inspect and will have the capacity to upgrading plant fatty-acids repair underground pipes store up to 290 million to green diesel. more efficiently. cubic metres. CONTENTS 02 Towngas’ Businesses in 2013 58 Report of the Directors 04 Business Highlights 67 Corporate Governance Report 05 Five-Year Summary 77 Independent Auditor’s Report 06 Chairman’s Statement 78 Consolidated Income Statement 14 Board of Directors 79 Consolidated Statement of Comprehensive Income 15 Biographical Details of Directors 80 Consolidated Balance Sheet 19 Executive Committee 82 Balance Sheet 20 The Mainland Utility Businesses 83 Consolidated Cash Flow Statement 28 The Hong Kong Gas Business 84 Consolidated Statement of Changes 36 New Energy and in Equity Diversified Businesses 86 Notes to the Accounts 44 Corporate Social Responsibility 184 Corporate Information and 53 Financial Resources Review Financial Calendar 54 Five-Year Financial Statistics 55 2013 Financial Analysis 56 Comparison of Ten-Year Results TOWNGAS’ BUSINESSES IN 2013 Towngas is an industry pioneer focused on energy ventures, the utility sector and environmental protection. We specialise in providing piped gas, new energy, water, information technology, telecommunications, engineering 149 Heilongjiang services and other related facilities. Guided by the management theme “Expanding New Horizons”, we work relentlessly 54 to seek new opportunities to fulfil our vision of becoming a leading player in the utility and energy businesses in Asia. 37 Jilin 29 147 Towngas Piped City-gas Projects Midstream Projects New Energy Projects 148 77 Guangdong Province 19. Suzhou 34. Guangdong LNG Coal Mining Upstream Projects 1. Panyu Industrial Park 35. Anhui NG 56. Jiangxi Fengcheng 76. Shanxi LCBM 134 2. Zhongshan 20. Changzhou 36. Hebei NG 57. Inner Mongolia Erdos 77. Jilin Tianyuan 145 Liaoning 3. Dongyong 21. Nanjing 37. Jilin NG Xiaoyugou 78. LCMM Project 146 143 135 136 4. Shenzhen 22. Fengcheng 38. Suzhou NG 58. Inner Mongolia Erdos 133 140 132 Coal Logistic Project 137 81 5. Chaoan 23. Pingxiang 39. Henan NG Kejian 79. Shandong Jining 142 36 Hebei 144174 6. Chaozhou Raoping 24. Jiangxi 40. Jintan NG Coal-based Chemical Jiaxianggang 138 139 Central China 25. Zhangshu 59. Jiangxi Fengcheng Logistic Port Beijing 150 49 50 7. Wuhan 26. Yonganzhou Water Projects 60. Inner Mongolia Erdos Inner Mongolia 30 65 141 27. Hangzhou Oilfield Project 8. Xinmi 41. Wujiang CNG/LNG Filling Stations 80. Phetchabun Province Eastern China Shandong Province 42. Suzhou Industrial Park 61. Shaanxi Xianyang 64 in Thailand 58 152 119 122 28. Jinan East 43. Wuhu 151 9. Yixing 62. Shaanxi Huitai 57 60 153 127 51 44. Suzhou Industrial Park Shanxi 31 10. Taizhou Northern China 63. Anhui Maanshan Other Projects 66 121 126 11. Zhangjiagang 29. Jilin (Industrial Wastewater 64. Shanxi Yuanping 154 130 81. Shenyang Sanquan 124 120 117 125 115 12. Wujiang 30. Beijing Economic- Treatment) 65. Dalian DETA 47 118 116 Construction Supervisory 28 13. Xuzhou technological 45. Maanshan 66. Shandong Chiping 82. M-Tech 72 48 128129123 Shandong Yellow Sea 14. Suining Development Area 46. Jiangbei 67. Shandong Jining 71 68 83. GH-Fusion 76 15. Fengxian 31. Hebei Jingxian 68. Shandong Dongping 75 67 84. Towngas Technology 79 70 16. Danyang Telecommunication 69. Henan Xinmi 74 52 15 Jiangsu Northwestern China 85. Suzhou Industrial Park 53 13 17. Jintan Projects 70. Shandong Jiaxiang Shaanxi 8 32. Xi’an 39 98 14 94 Broad Energy Services 69 18. Tongling 71. Henan Anyang 62 26 47. Shandong Jinan 86. G-Tech 61 32 Hainan Province 35 Anhui 10 48. Shandong Jinan Chibo 72. Shanxi Lingshi Henan 16 33. Qionghai 87. GH Yixing Ecology 21 11 49. Liaoning Dalian DETA 73. Guangdong Guangzhou 17 20 40 42 19 74. Henan Kaifeng 96 63 95 93 85 38 50. Dalian Yida 44 12 75. Henan Linzhou 45 99 43 9 41 51. Shandong Laiyang 162 46 87 167 97 106 105 52. Xuzhou Fengxian 170 159 Hubei 100 101 18 164 53. Xuzhou Peixian Sichuan 157 103 107 169 7 54. Harbin 161 104 27 163 158 Chongqing 110 55. Dongguan 160 168 165 102 111 108 166 155 Zhejiang 171 78 112 113 109 Towngas China Piped City-gas Projects 156 131 24 22 56 East China Sea Guangdong Province 109. Fuzhou Northeastern China Southwestern China 59 25 88. Foshan 110. Jiujiang 132. Benxi 155. Ziyang Hunan 23 89. Shaoguan 111. Wuning 133. Chaoyang 156. Weiyuan 90. Qingyuan 112. Xiushui 134. Tieling 157. Pengxi Jiangxi 114 Fujian 91. Yangdong 113. Yifeng 135. Fuxin 158. Lezhi 92. Fengxi 114. Changting 136. Shenyang Coastal 159. Pingchang Eastern China Shandong Province Economic Zone 160. Dayi 172 89 93. Nanjing Gaochun 115. Jimo 137. Yingkou 161. Yuechi Guangdong 5 6 138. Dalian Changxingdao 162. Cangxi 90 73 94. Dafeng 116. Laoshan Thailand Guangxi 86 92 1 3 82 95. Maanshan 117. Zibo 139. Dalian Economic 163. Chengdu 88 83 80 Phetchabun 84 96. Zhengpugang 118. Zibo Lubo and Technical 164. Zhongjiang 55 173 4 34 Xin Qu Modern 119. Longkou Development Zone 165. Jianyang 2 Industrial Zone 120. Jinan West 140. Anshan 166. Pengshan 91 97. Wuhu Fanchang 121. Weifang 141. Lvshun 167. Mianyang Hong Kong 98. Bozhou-Wuhu 122. Weihai 142. Kazuo 168. Xinjin Modern Industrial 123. Taian 143. Beipiao 169. Xindu Zone 124. Chiping 144. Wafangdian 170. Mianzhu 99. Bowang 125. Linqu 145. Xinqiu 171. Qijiang 100. Anqing 146. Jianping 172. Guilin 33 126. Laiyang Hainan 101. Chizhou 127. Zhaoyuan 147. Changchun 173. Zhongwei (Fusui) 102. Tunxi 128. Pingyin 148. Gongzhuling 103. Huangshan 129. Feicheng 149. Qiqihar Midstream Project 104. Huizhou 130. Boxing Economic Hebei Province 174. Wafangdian NG Towngas Group Hong Kong headquarters Provincial natural gas pipeline network Telecommunication projects Upstream projects 105. Tongxiang Development Zone 150. Qinhuangdao Towngas piped city-gas projects City high pressure pipeline network / Coal mining Coal logistic project 106. Huzhou 151. Yanshan Underground gas storage (Towngas) Hunan Province Coal-based chemical processing 107. Yuhang 152. Cangxian Towngas China piped city-gas projects Oilfield project 131. Miluo City high pressure pipeline network Compressed natural gas / Other projects 108. Changjiu 153. Mengcun Liquefied natural gas receiving station (Towngas China) 154. Shijiazhuang liquefied natural gas filling stations Water projects 149 Heilongjiang 54 37 Jilin 29 147 148 77 134 145 Liaoning 146 143 135 136 133 140 132 142 137 81 36 Hebei 144174 138 139 Beijing 150 49 50 Inner Mongolia 30 65 141 58 64 152 151 119 122 57 60 153 127 51 Shanxi 31 66 121 126 154 130 124 120 117 125 115 47 118 116 28 72 48 128129123 Shandong Yellow Sea 71 68 76 75 79 70 67 74 52 15 Jiangsu 53 13 Shaanxi 8 39 98 14 94 69 62 26 61 32 10 Henan 35 Anhui 16 21 11 17 20 40 42 19 96 63 95 93 85 38 44 12 45 99 43 9 41 162 46 87 167 97 106 105 170 159 Hubei 100 101 18 164 Sichuan 157 103 107 169 7 161 104 27 163 158 Chongqing 110 160 168 165 102 111 108 166 155 Zhejiang 171 78 112 113 109 156 131 24 22 56 East China Sea 59 25 Hunan 23 Jiangxi 114 Fujian 172 89 Guangdong 5 6 90 73 Thailand Guangxi 86 92 1 3 82 88 83 80 Phetchabun 55 84 173 4 2 34 91 Hong Kong 33 Hainan Towngas Group Hong Kong headquarters Provincial natural gas pipeline network Telecommunication projects Upstream projects Towngas piped city-gas
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