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Annual Report THE HONG KONG AND 2019 CHINA GAS COMPANY LIMITED annual report ( STOCK CODE: 3 ) WorldReginfo - 0acbe267-a185-434e-a3bd-3046d611774b Towards a greener future At Towngas, we supply the environmentally-friendly energy and products that contribute to a greener world for people in Hong Kong and mainland China and a more sustainable future for the next generation. Through our commitment to research, we are making breakthroughs in innovative technology that are helping to overcome global environmental challenges. CONTENTS 02 Business Coverage in 2019 54 Business Projects in 2019 93 Consolidated Statement of 04 Business Highlights 58 Risk Factors Comprehensive Income 05 Five-Year Summary 60 Financial Resources Review 94 Consolidated Statement of Financial Position 06 Chairmen’s Statement 62 Five-Year Financial Statistics 96 Consolidated Cash Flow 14 Board of Directors 63 2019 Financial Analysis Statement 19 Executive Committee 64 Comparison of Ten-Year Results 98 Consolidated Statement of Mainland Utility Businesses 20 66 Report of the Directors Changes in Equity Hong Kong Gas Business 28 72 Corporate Governance Report 100 Notes to the Consolidated 36 New Energy and 85 Independent Auditor’s Report Financial Statements Diversified Businesses 92 Consolidated Income Statement 192 Corporate Information and 44 Corporate Social Responsibility Financial Calendar WorldReginfo - 0acbe267-a185-434e-a3bd-3046d611774b 2019 Awards and Recognitions Hong Kong Business Sustainability Index Exemplar Rating Global 2000 by Centre for Business Sustainability, World’s Best Employers 2019 The Chinese University of Hong Kong Business School by Forbes Hong Kong Awards for Environmental Excellence Gold Award – Restaurant Sector by Environmental 2019 Hong Kong Campaign Committee Awards for Industries | Flame at Towngas Avenue | Innovation and Creativity Grand Award by The Hong Kong General BOCHK Corporate Chamber of Commerce Environmental Leadership Awards Gold Award – Manufacturing Sector Guangdong-Hong Kong- Macao Bay Area Environmental Constituent Companies Leadership Recognition Award of the Hang Seng Corporate by Federation of Hong Kong Industries Sustainability Index Series and Bank of China (Hong Kong) by Hang Seng Indexes Company Limited | Towngas and Towngas China | IFAPC Outstanding Listed Company Award 2019 by The Hong Kong Institute of Financial Analysts and Professional Commentators Limited WorldReginfo - 0acbe267-a185-434e-a3bd-3046d611774b 2 209 Business Coverage in 2019 243 244 Heilongjiang 117 Jilin 38 Towngas (Stock Code: 3) 250 30 89. Inner Mongolia Bayannur 115. Liaoning Dalian DETA 208 206 102 Piped City-Gas Northwestern China Coal-based Chemicals 83 207 Projects 33. Xi’an 54. Jiangxi Fengcheng Uradqian Qi 116. Dalian Yida 55. Inner Mongolia Ordos 90. Inner Mongolia Bayannur 117. Harbin Guangdong Province Hainan Province Linhe 118. Beijing Zhongjing 1. Panyu 34. Qionghai CNG/LNG Refilling 91. Inner Mongolia Bayannur 119. Beijing Chibo 86 Liaoning 193 2. Zhongshan Stations 120. Dongguan 84 204 Hanggin 246 3. Dongyong Midstream Projects 56. Shaanxi Xianyang 121. Shenzhen (Qianhai) 202 92. Ningxia Guangwuxian 87 194 266 195 124 4. Shenzhen 57. Shaanxi Huitai 122. Shenzhen (Interlink 35. Guangdong LNG 93. Ningxia Qingtongxia 205 192 191 5. Chaoan 36. Anhui NG 58. Shaanxi Lueyang 94. Ningxia Jinyintan Connectivity) 85 37 199 6. Chaozhou Raoping 37. Hebei NG 59. Shaanxi Fengxiang 95. Ningxia Zhongwei 123. Yingtong TGT Network Hebei 201 196 Central China 38. Jilin NG 60. Shaanxi Shenmu 96. Ningxia Zhongwei Services (Shenzhen) Inner Mongolia Beijing 203 61. Shaanxi Baoji 128 7. Wuhan 39. Henan NG Haixing Development 88 118 210 197 62. Shaanxi Hancheng 31 198 8. Xinmi 40. Jintan NG (Phase 1) Zone Other Projects 119 260 107 115 116 63. Shanxi Yuanping 82 241 41. Jintan NG (Phase 2) 97. Jiangsu Xuzhou 124. Shenyang Sanquan 91 81 252 200 Eastern China 64. Shanxi Lingshi 89 215 42. Huanghua Port LNG 98. Anhui Maanshan Construction 90 53 9. Yixing 65. Shanxi Xinzhou 139 42 43. Taizhou (District High 99. Jiangxi Pengze Supervisory 10. Taizhou 66. Shandong Chiping 93 55 63 108 212 Pressure Network) 100. Guangdong Guangzhou 125. ECO Engineering 60 11. Zhangjiagang 67. Shandong Dongping Management (Xi’an) 92 94 65 12. Wujiang 68. Shandong Jiaxiang Upstream Projects 211 176 LNG Refilling Station 126. Suzhou Industrial Park 213 179 13. Xuzhou 69. Shandong Weishan 101. Shanxi LCBM 188 249 44. Nanjing (Marine) Broad Energy Services 32 71 184 14. Suining 70. Shandong Shanxian 102. Jilin Tianyuan 96 112 127. GH Yixing Ecology 95 Shanxi 214 66 253 187 183 15. Fengxian 71. Shandong Linqing 103. Xuzhou COG 178 248 Water/Waste 181242177 29 171 16. Peixian 128. Dalian (New Energy 64 73 74 75 174 175 182 72. Shandong Heze Coal Logistics Project 172 17. Danyang Treatment Projects 73. Hebei Shijiazhuang 104. Shandong Jining Technology) Ningxia 110 111 129. M-Tech 185 173 18. Jintan 45. Wujiang 74. Xingtai (Gangxing) Jiaxianggang Logistics 101 186 Yellow Sea 130. GH-Fusion 180 Shandong 19. Tongling 46. Suzhou Industrial Park 75. Xingtai (Xinghua) Port 67 240 189 131. G-Tech 70 43 20. Suzhou Industrial Park 47. Wuhu 76. Henan Xinmi 62 78 68 Biomass 132. S-Tech (Wuhan) 21. Changzhou 48. Suzhou Industrial Park 77. Henan Kaifeng 72 104 69 105. Zhangjiagang 133. S-Tech (Zhuhai) 77 15 22. Nanjing (Industrial Wastewater 78. Henan Linzhou Henan 114 16 Jiangsu 23. Fengcheng 106. Hubei Jingzhou 134. ECO Engineering 103 97 Treatment) 79. Henan Nanyang 8 113 148 254 107. Luanzhou Management (Shenzhen) 57 39 256 13 247 24. Pingxiang 49. Maanshan 80. Henan Wuyang 147 25. Jiangxi 108. Cangzhou (Biofuel) 135. Towngas Life Style 59 56 33 76 50. Jiangbei 81. Inner Mongolia Huhhot 125 Anhui 14 10 26. Zhangshu 136. Towngas Payment 61 80 51. Suzhou Industrial Park 82. Inner Mongolia Oilfield Project 36 261 258 27 27. Yonganzhou Wulatezhong Qi Technology (Shenzhen) 79 154 44 17 (Food Waste Processing 263 105 28. Hangzhou 109. Phetchabun Province in 137. Hong Kong & China Gas 58 Shaanxi 22 41 and Utilisation) 83. Inner Mongolia 255150 146 11 Thailand International Energy 98 140 21 46 Shandong Province 52. Foshan Water Xiwuzhumuqin Qi 228 40 Trading 223 49 151 18 48 29. Jinan East Environmental 84. Inner Mongolia Chifeng 9 262 20 137 Telecommunication 138. Mia Cucina Kitchen 231 220 152 50 47 51 Protection 85. Inner Mongolia 12 264 Northern China Cabinets (Shenzhen) Sichuan 153 19 45 Chaha’eryouyiqian Qi 225 218 Hubei 155 156 30. Jilin Projects 127 126 86. Inner Mongolia Xilingol 139. Inner Mongolia Ordos 230 149 31. Beijing Economic- New Energy Projects 110. Shandong Jinan 222 87. Inner Mongolia Ulanqab Carbon Material 158 161 160 technological Coal Mining 111. Shandong Jinan Chibo 224 226 219 7 159 Huade 140. Towngas Agriculture 221 229 132 239 Development Area 53. Inner Mongolia Ordos 112. Shandong Laiyang 245 Chongqing 99 157 88. Inner Mongolia Ulanqab Investment (Nanjing) 106 166 32. Hebei Jingxian Kejian 113. Xuzhou Fengxian 227 216 162 Chahar 233 167 114. Xuzhou Peixian 232 28 217 168 164 169 Zhejiang 190 23 25 165 163 259 26 54 East China Sea Towngas China (Stock Code: 1083) Hunan 24 Piped City-Gas Shandong Province 198. Dalian Economic 228. Mianyang 250. Changchun Jiangxi 229. Xinjin 251. Guilin Guizhou Fujian Projects 171. Jimo and Technical 170 172. Laoshan Development Zone 230. Xindu 252. Tangshan Chengnan Guangdong Province 173. Laoshan Bay 199. Anshan 231. Mianzhu Economic Development 141. Foshan 174. Zibo 200. Lvshun 232. Jiajiang Zone 236 142. Shaoguan 175. Zibo Lvbo 201. Kazuo 233. Qijiang 253. Boxing Economic 143. Qingyuan Thailand 237 234 176. Longkou 202. Beipiao 234. Guilin Development Zone, Binzhou 251 142 Guangdong 144. Yangdong 177. Jinan West 203. Wafangdian 235. Zhongwei (Fusui) 254. Xuzhou Biomedical 5 145. Fengxi 178. Weifang 204. Xinqiu 236. Xingyi 109 Guangxi 134 Industrial Park Phetchabun 265 6 Eastern China 179. Weihai 205. Jianping 237. Luliang 255. Maanshan Economic and Yunnan 238 143 100 135 129 145 3 146. Nanjing Gaochun 180. Taian 206. Changchun 238. Liujiang District, Liuzhou Technological Development 1 136 120 147. Dafeng 181. Chiping 207. Gongzhuling Zone South District 52 141 121 123 235 138 35 148. Tongshan 182. Linqu 208. Siping Midstream Projects 4 122 256. Zhengzhou Xinmi Yinji 130 131 257 149. Hubei Zhongxiang 183. Laiyang 209. Qiqihar 239. Xuancheng NG International Tourism Resort 2 150. Maanshan 184. Zhaoyuan 133 Hebei Province 240. Taian Taigang 257. Shenzhen Gas Building 144 Hong Kong 151. Bowang 185. Pingyin 210. Qinhuangdao 241. Inner Mongolia NG 258. Dangtu Economic 152. Zhengpugang Xin Qu 186. Feicheng 211. Yanshan 242. Jinan-Liaocheng Pipeline Development Zone Modern Industrial Zone 187. Boxing Economic 212. Cangxian & Chiping South Citygate Northern District 153. Wuhu Fanchang Development Zone 213. Mengcun 259. Lishui Songyang Coal mining 154. Wuhu Jiangbei 188. Yangxin 214. Shijiazhuang CNG Refilling Stations Wangcun Industrial Park 155. Anqing 189. Wulian Inner Mongolia 243. Qiqihar (Lianfu) 260. Tangshan Fengnan Coal-based chemical processing 156. Chizhou Lingang Economic Towngas Group Hong Kong headquarters Hunan Province 215. Baotou 244. Qiqihar (Xingqixiang) 34 157. Tunxi 190. Miluo Development Zone Upstream projects Piped city-gas projects (Towngas) Hainan 158. Huangshan Southwestern China Distributed Energy 261. Anhui Electricity Company 159. Huizhou Northeastern China 216. Ziyang Coal logistics project 262. Changzhou Photovoltaic Piped city-gas projects (Towngas China) 160. Tongxiang 191. Benxi 217. Weiyuan Systems 192.
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