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Chairman’s Statement
The Group’s town gas business in Hong Kong maintained stable growth in 2016. Global economic fluctuations, slowdown in economic growth in mainland China, further devaluation of the renminbi and low international oil prices during the year, however, impacted the Group’s utility and emerging environmentally-friendly energy businesses on the mainland. Nevertheless, the Group endeavoured to maintain stability in its overall recurrent business results for 2016.
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Business Highlights
Town Gas Sales
million MJ
28,814
Number of Customers per Employee
921
Profit Attributable to Shareholders
HK million dollars
7,341
Dividends
HK million dollars
4,451
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Business Coverage in 2016
Based in Hong Kong, our portfolio currently includes 241 projects in 26 provinces, autonomous regions and municipalities in mainland China, as well as one in Thailand.
Total Projects
242
Towngas (003)
Piped City-gas Projects
34
Midstream Projects
6
LNG Filling Station
1
Water Projects
7
New Energy Projects
62
Oilfield Project
1
Telecommunication Projects
13
Other Projects
14
Towngas China (1083)
Piped City-gas Projects
97
Midstream Project
2
CNG Filling Station
2
Other Projects
3
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Mainland Utility Businesses
The Group’s mainland operations recorded double-digit growth in unit gas sales, heralding a new era in tackling air quality issues
Towngas China was honoured with the 2016 HKMA Quality Award Grand Award, which was given for the first time in respect of operations outside of Hong Kong
The mainland’s first-ever residential gas clothes dryer launched, selling 10,000 units and each boosting household gas consumption by 30 per cent
Hua Yan Water established a state-of-the-art bio-waste treatment facility that extracts methane for integration into Towngas China’s pipelines
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The first commercialised project utilising landfill gas to fuel the combined heat and power system in Hong Kong was commissioned at a hospital in Tai Po
Gas appliance sales increased by 7.7 per cent, contributing to profits as well as enhancing regular maintenance operations by provision of high-quality products
Our Total Kitchen Solution, under the Mia Cucina brand name, enjoyed a growth in sales to 4,186 units in 2016, bringing our market share in the private development projects sector to 30 per cent
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New Energy and Diversified Businesses
The ECO’s renewable energy initiative is underway, with the construction of a plant converting bio-oil into high-quality chemical products and fuel substitutes nearing completion
ECO’s pilot project converting agricultural waste into furfural and levulinic acid is anticipated to have significant implications for the nation’s environmental practices
The construction of our South East New Territories (SENT) landfill gas treatment facility has been completed, further actualising our sustainable development goals
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Corporate Social Responsibility
Towngas was honoured with three awards of the Hong Kong Outstanding Corporate Citizenship Awards for the achievements in corporate social responsibility
Caring for vulnerable people in society, we distributed about 330,000 rice dumplings and more than 100,000 mooncakes
Towngas championed the inclusion of people with disabilities with a series of activities in partnership with SAHK and the Hong Kong Society for the Deaf (HKSOD)
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Highlights of 2016
