Tian Lun Gas (01600) announced that in 2017, the Group’s revenue amounted to RMB3,109 million,up by 15.4% YoY. Profit attributable to owners of the Company amounted to RMB404 million, up by 29.0%YoY. The Group’s revenue was primarily derived from (i) the transportation and sales of gas business; and (ii) the gas pipeline connections business, accounting for 78.1% and 19.9% of the total revenue (the corresponding period of last year: 73.3% and 22.1%), respectively. Basic earnings per share were RMB0.41. The Board recommends the payment of a final dividend of RMB2.30 cents per share. Together with an interim dividend of RMB7.88 cents per share which had been paid, total dividend was RMB10.18 cents per share.
Revenue from gas sales amounted to RMB2,428 million, up by 18.2% YoY. In particular, revenue from gas sales to industrial and commercial users was RMB1,326 million, representing a rapid increase of 28.0% YoY; revenue from gas sales to residential users was RMB392 million, up by 17.1% YoY. Gas sales volume recorded rapid growth. Total gas sales volume was 1,064 million m3, representing an increase of 15.9% as compared with 918 million m3, for the corresponding period of last year. Gas sales volume to industrial and commercial users was 566 million m3,, representing a substantial year-on-year increase of 25.0%; gas sales volume to residential users was 181 million m3, representing a year-on-year increase of 19.7%.
During the period, revenue from gas pipeline connections amounted to RMB620 million, up by 4.0% YoY. In terms of pipeline connection fee received, it amounted to RMB701 million, up by 18.4% YoY. For the year ended 31 December 2017, the Group connected a total of 206,237 residential users to gas pipelines, and the total number of its residential users increased to1,621,270,representing an increase of 22.3% as compared with the corresponding period of last year. For the year ended 31 December 2017, the Group connected a total of 2,635 industrial and commercial users to gas pipelines, and the total number of its industrial and commercial users increased to 14,956, representing an increase of 67.7% as compared with the corresponding period of last year.
During the year ended 31 December 2017, the Group obtained four new urban gas projects, including the acquisition of three projects in Jintang County, Sichuan Province, Mizhi County and Wubu County, Shaanxi Province, among which, the two projects in Shaanxi Province had not been consolidated into the Group in 2017, and obtained the exclusive township gas concession right in Ye County, Henan Province. As at 31 December 2017, the Group had a total of 57 urban gas projects in 16 provinces across China.
In 2018, the Group will strengthen its investments in new areas, new business and new models, actively follow the development trend of the gas industry of “loosening control over the two ends” by accelerating its expansion into upstream gas source trading industry, exploring
diversified operation and service models for terminals, and actively develop new users outside the areas in which it operates. For development work, the development of long-haul pipeline projects not only will develop new projects and new areas, but also will focus on the construction of self-owned pipelines of its existing projects in the areas the Group already has presence. At the same time, the Group will accelerate the development of new business and new areas, such as coal-to-gas conversion in rural areas, distributed energy and LNG trade in rural areas, and actively promote the implementation of the projects,in order to repay the shareholders with better performance.