 |
Chairmen’s Statement
Under the impact of global economic weakness and trade disputes between mainland China and the United States (the “US”), the mainland’s economic growth slowed in 2019 compared to 2018 and the renminbi weakened. Hong Kong also faced instability caused by social conflict incidents during the second half of 2019 arising from opposition towards the proposed amendments to the Fugitive Offenders Ordinance. Despite these setbacks, the Group’s businesses in mainland China and Hong Kong maintained stable development with a slight decrease in profit of the Group’s overall recurrent businesses in 2019.
|
|
|
|
Business Highlights
Town Gas Sales
million MJ
28,712
Number of Customers per Employee
923
Profit Attributable to Shareholders
HK million dollars
6,966
Dividends
HK million dollars
5,924
|
|
|
|
Business Coverage in 2019
Based in Hong Kong, our portfolio currently includes 265 projects in 26 provinces, autonomous regions and municipalities in mainland China, as well as one in Thailand.
Total Projects
266
Towngas (3)
Piped City-Gas Projects
34
Midstream Projects
9
LNG Refilling Station
1
Water/Waste Treatment Projects
8
New Energy Projects
56
Oilfield Project
1
Telecommunication Projects
14
Other Projects
17
Towngas China (1083)
Piped City-Gas Projects
98
Midstream Projects
4
CNG Refilling Stations
2
Distributed Energy Systems
18
Other Projects
4
|
|
|
|
Mainland Utility Businesses
The year 2019 marked the 25th anniversary of Towngas in mainland China since the establishment of our first joint venture in Panyu, Guangzhou in 1994. Today, our mainland business has expanded to include 132 city-gas projects serving around 30 million customers in 23 provinces, autonomous regions and municipalities. With the growing demand for natural gas and the support of the national Environmental Protection Policy to replace coal, Towngas is contributing to an even more sustainable future for mainland China.
|
|
|
|
We endeavour to provide customers with a clean source of fuel as well as high quality appliances and lifestyle products for their homes. Our goal is to create value for the people we serve with innovative solutions that contribute to a better quality of life and a more sustainable future.
|
|
|
|
New Energy and Diversified Businesses
The core strategy of our new energy business is to turn low value feedstock into high value products through innovative technology. With a portfolio of proprietary technologies that continues to grow, we are making greater contributions to environmental protection.
|
|
|
|
Corporate Social Responsibility
As a leading utility company, we strive to set an example in the way we conduct our business, ensure the health and safety of our stakeholders, protect the environment and serve the community. Our ultimate objective as a socially and environmentally responsible organisation is to become the greenest, most esteemed company in Hong Kong and mainland China.
|
|
|
|
HIGHLIGHTS OF 2019
