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ANNUAL REPORT 2017 Growth Driven by Innovation

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ANNUAL REPORT 2017 Growth Driven by Innovation THE HONG KONG AND CHINA GAS COMPANY LIMITED ( STOCK CODE: 3 ) ANNUAL REPORT 2017 growth driven by innovation CONTENTS 02 Business Coverage in 2017 50 Corporate Social Responsibility 92 Consolidated Statement of 04 Business Highlights 60 Risk Factors Comprehensive Income 05 Five-Year Summary 61 Financial Resources Review 93 Consolidated Statement of Financial Position 06 Chairman’s Statement 62 Five-Year Financial Statistics 95 Consolidated Cash Flow 16 Board of Directors 63 2017 Financial Analysis Statement 17 Biographical Details of Directors 64 Comparison of Ten-Year Results 97 Consolidated Statement of 21 Executive Committee 66 Report of the Directors Changes in Equity 22 Mainland Utility Businesses 73 Corporate Governance Report 99 Notes to the Consolidated Financial Statements 32 Hong Kong Gas Business 85 Independent Auditor’s Report 188 Corporate Information and 40 New Energy and 91 Consolidated Income Statement Financial Calendar Diversified Businesses 2017 AWARDS AND RECOGNITIONS 2016 BOCHK Corporate Environmental Global Chinese Leadership Awards Business 1000 – Gold Award in manufacturing sector by Yazhou Zhoukan by The Federation of Hong Kong Industries and Bank of China (Hong Kong) Limited Global 2000 by Forbes The 16th Hong Kong Business for Occupational Safety Social Good Award & Health Award – by Our Hong Kong Foundation Safety Management System (Other Industries) – Gold Award – Safety Enhancement HR Asia Programme – Gold Award by Occupational Best Companies Safety & Health Council to Work for in Asia 2017 by HR Asia Constituent Companies of the Hang Seng Corporate Sustainability Index Series IFAPC Outstanding (Towngas & Towngas China) Listed Company by Hang Seng Indexes Company Limited Award 2017 by The Hong Kong Institute of Financial Analysts and Professional Commentators Limited vision for a greener future In our new vision for Towngas, we aspire “to be Asia’s leading clean energy supplier and quality service provider, with a focus on innovation and environmental-friendliness.” We are making substantial progress towards the fulfilment of this vision by providing green energy to residential, commercial and industrial customers, as well as products that make modern living more comfortable and convenient. Supporting these customers with the highest quality of service, we are creating positive energy and helping to ensure a more sustainable future for our stakeholders and society at large. BUSINESS COVERAGE IN 2017 209 242 243 Heilongjiang Towngas Towngas China 120 (Stock Code: 3) (Stock Code: 1083) 38 Jilin 30 103. Jiangxi Pengze 199. Anshan 206 106 Piped City-Gas New Energy Projects Piped City-Gas 208 207 Projects 104. Guangdong Projects 200. Lvshun Coal Mining 87 50. Jiangxi Fengcheng Guangzhou 201. Kazuo Guangdong Province Guangdong Province 202. Beipiao 1. Panyu 51. Inner Mongolia Ordos Upstream Projects 142. Foshan 193 203. Wafangdian 2. Zhongshan Kejian 105. Shanxi LCBM 143. Shaoguan Liaoning 204. Xinqiu 204 3. Dongyong 106. Jilin Tianyuan 144. Qingyuan 88 246 Coal-based Chemicals 205. Jianping 202 194 195 126 4. Shenzhen 107. Xuzhou COG 145. Yangdong 52. Jiangxi Fengcheng 206. Changchun 191 5. Chaoan 108. Heze COG 146. Fengxi 90 205 192 199 53. Inner Mongolia Ordos 207. Gongzhuling 91 6. Chaozhou Raoping Coal Logistic Project 201 196 CNG/LNG Eastern China 208. Siping 89 109. Shandong Jining 37 Hebei 130 Central China Refilling Stations 147. Nanjing Gaochun 209. Qiqihar 203 7. Wuhan Jiaxianggang Logistic 148. Dafeng 197 198 54. Shaanxi Xianyang Hebei Province Beijing 210 118 119 8. Xinmi Port 149. Tongshan 92 121 55. Shaanxi Huitai 210. Qinhuangdao 31 200 150. Hubei Zhongxiang Inner Mongolia 122 Eastern China 56. Shaanxi Lueyang Biomass 211. Yanshan 85 151. Maanshan 95 86 9. Yixing 57. Shaanxi Fengxiang 110. Zhangjiagang 212. Cangxian 241 215 94 93 10. Taizhou 111 Hubei Xingzhou 152. Bowang 216 64 41 58. Shaanxi Shenmu 213. Mengcun 51 153. Zhengpugang Xin Qu 212 211 176 179 11. Zhangjiagang 59. Shaanxi Baoji 214. Shijiazhuang 97 141 66 Modern Industrial Zone 98 53 213 184 12. Wujiang 60. Shaanxi Zhouzhi Oilfield Project 215. Baoding 96 58 32 188 13. Xuzhou 61. Shaanxi Weinan Gushi 112. Phetchabun Province 154. Wuhu Fanchang 187 183115 Inner Mongolia Shanxi 214 73 178 14. Suining 62. Shaanxi Weinan 155. Wuhu Jiangbei 67 172 in Thailand 216. Baotou 75 76 77 177 174 175 182 15. Fengxian Tianshi 156. Anqing 99 100 181 29 173 113 114 16. Peixian 63. Shaanxi Hancheng 157. Chizhou Southwestern China Ningxia Shandong Telecommunication 158. Tunxi 65 185 186 Yellow Sea 17. Danyang 64. Shanxi Yuanping 217. Ziyang 79 69 180 240 189 Projects 108 68 18. Jintan 65. Shanxi Lingshi 159. Huangshan 218. Weiyuan 105 70 113. Shandong Jinan 81 72 71 19. Tongling 66. Shanxi Xinzhou 160. Huizhou 219. Pengxi 74 109 114. Shandong Jinan Chibo 63 15 117 161. Tongxiang 220. Lezhi 80 107 16 101 20. Suzhou Industrial Park 67. Shandong Chiping 115. Shandong Laiyang 116 Jiangsu 162. Huzhou 221. Pingchang 83 149 13 14 21. Changzhou 68. Shandong Jining 116. Xuzhou Fengxian 62 61 8 148 163. Yuhang 222. Dayi 39 22. Nanjing 69. Shandong Dongping 117. Xuzhou Peixian 57 55 78 10 23. Fengcheng 70. Shandong Jiaxiang 164. Songyang 223. Yuechi 54 33 27 118. Liaoning Dalian DETA 59 127 84 36 Anhui 24. Pingxiang 71. Shandong Weishan 165. Changjiu 224. Cangxi 60 42 17 110 119. Dalian Yida 166. Fuzhou 225. Chengdu 82 Henan 22 11 25. Jiangxi 72. Shandong Shanxian 244155 18 21 120. Harbin 167. Jiujiang 56 Shaanxi 40 44 20 26. Zhangshu 226. Zhongjiang 102 151 147 128 73. Shandong Linqing 121. Beijing Zhongjing 9 46 139 168. Wuning 227. Jianyang 47 49 12 27. Yonganzhou 74. Shandong Heze 152 129 43 122. Beijing Chibo 169. Xiushui 224 48 45 162 28. Hangzhou 75. Hebei Shijiazhuang 228. Pengshan 221 153 161 123. Dongguan 229 154 170. Yifeng 229. Mianyang 232 Shandong Province 76. Xingtai (Gangxing) 124. Shenzhen (Qianhai) Hubei 156 157 19 171. Changting 230. Xinjin 226 29. Jinan East 77. Xingtai (Xinghua) 125. Shenzhen (Interlink Sichuan 231 219 150 159 163 231. Xindu 7 78. Henan Xinmi Connectivity) Shandong Province 223 239 160 28 Northern China 232. Mianzhu 225 220 Chongqing 167103 79. Henan Anyang 172. Jimo 227 111 158 30. Jilin 222 230 245 80. Henan Kaifeng 173. Laoshan 233. Jiajiang 168 31. Beijing Economic- Other Projects 234. Qijiang 228 217 165 Zhejiang 81. Henan Linzhou 174. Zibo 234 169 126. Shenyang Sanquan 233 technological 82. Henan Nanyang 175. Zibo Lubo 235. Guilin 218 170 164 25 23 50 166 East China Sea Development Area Construction 176. Longkou 236. Zhongwei (Fusui) 190 83. Henan Luoyang Yanshi 26 52 32. Hebei Jingxian 84 Henan Wuyang Supervisory 177. Jinan West 237. Xingyi Northwestern China 85. Inner Mongolia Huhhot 127. ECO Engineering 178. Weifang 238. Luliang Hunan 24 33. Xi’an 86. Inner Mongolia Management (Xi’an) 179. Weihai Wulatezhong Qi 128. Suzhou Industrial Park 180. Taian Midstream Projects Jiangxi Fujian Hainan Province Broad Energy Services 239. Xuancheng NG Guizhou 171 34. Qionghai 87. Inner Mongolia 181. Chiping Xiwuzhumuqin Qi 129. GH Yixing Ecology 182. Linqu 240. Taian Taigang 130. Dalian (New Energy 183. Laiyang 241. Inner Mongolia NG Thailand Midstream Projects 88. Inner Mongolia Chifeng 143 89. Inner Mongolia Technology) 184. Zhaoyuan 235 35. Guangdong LNG 112111 Phetchabun 131. M-Tech 185. Pingyin CNG Refilling Stations 238 237 Guangdong 36. Anhui NG Chaha’eryouyiqian Qi 144 5 132. GH-Fusion 186. Feicheng 242. Qiqihar (Lianfu) 104 136 37. Hebei NG 90. Inner Mongolia Xilingol Guangxi 133 146 6 133. G-Tech 187. Boxing Economic 243. Qiqihar (Xingqixiang) 1 3 137 131 38. Jilin NG 91. Inner Mongolia 142 132 134. Towngas Technology Development Zone 138 134 39. Henan NG Ulanqab Huade Yunnan 124 123 135. S-Tech (Zhuhai) 188. Yangxin 140 40. Jintan NG 92. Inner Mongolia Other Projects 236 4 125 35 136. ECO Engineering 189. Wulian 2 41 Huanghua Port LNG Ulanqab Chahar 244. Zhuojia Public Management 135 93. Inner Mongolia Hunan Province Engineering (Shenzhen) 145 Bayannur Uradqian Qi 190. Miluo 245. Sichuan Distributed Hong Kong LNG Refilling Station 137. Towngas Life Style 94. Inner Mongolia Energy Systems 42. Nanjing (Marine) 138. Towngas Payment Northeastern China Bayannur Linhe 246. Shenyang Economic Technology (Shenzhen) 191. Benxi 95. Inner Mongolia and Technical Water Projects 139. Hong Kong & China 192. Chaoyang Bayannur Hanggin 193. Tieling Development 43. Wujiang Gas International 44. Suzhou Industrial Park 96. Ningxia Guangwuxian 194. Fuxin Zone Distributed Energy Trading 34 45. Wuhu 97. Ningxia Qingtongxia 195. Shenyang Coastal Energy System 140. Mia Cucina Kitchen Hainan 46. Suzhou Industrial Park 98. Ningxia Jinyintan Economic Zone Towngas Group Hong Kong headquarters Cabinets (Shenzhen) (Industrial Wastewater 99. Ningxia Zhongwei 196. Yingkou 141. Inner Mongolia Ordos Piped city-gas projects (Towngas) Treatment) 100. Ningxia Zhongwei 197. Dalian Changxingdao Liquefied natural gas receiving station Carbon Material 47. Maanshan Haixing Development 198. Dalian Economic Piped city-gas projects (Towngas China) CNG LNG refilling stations (Towngas) Provincial natural gas pipeline network Coal-based chemical processing 48. Jiangbei Zone and Technical City high pressure pipeline network 49. Suzhou Industrial Park 101. Jiangxu Xuzhou Development Zone CNG refilling stations (Towngas China) Water Waste treatment projects Upstream projects Underground gas storage (Towngas) (Food Waste Processing 102. Anhui Maanshan Other projects (Towngas) Telecommunication projects Coal logistic project and Utilisation) City high pressure
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