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Chairman’s Statement
The Group’s town gas business in Hong Kong maintained stable growth in 2017. Concurrently, the Group’s city-gas businesses in mainland China and emerging environmentally-friendly energy businesses progressed well, thus bringing good growth to the Group’s overall recurrent businesses during the year.
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Business Highlights
Town Gas Sales
million MJ
29,049
Number of Customers per Employee
931
Profit Attributable to Shareholders
HK million dollars
8,225
Dividends
HK million dollars
4,896
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Business Coverage in 2017
Based in Hong Kong, our portfolio currently includes 245 projects in 26 provinces, autonomous regions and municipalities in mainland China, as well as one in Thailand.
Total Projects
246
Towngas (003)
Piped City-Gas Projects
34
Midstream Projects
7
LNG Refilling Station
1
Water Projects
7
New Energy Projects
62
Oilfield Project
1
Telecommunication Projects
13
Other Projects
16
Towngas China (1083)
Piped City-Gas Projects
97
Midstream Projects
3
CNG Refilling Station
2
Other Projects
3
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Mainland Utility Businesses
Total gas sales increased to a record-high of about 19,500 million cubic metres, an increase of 14 per cent over the previous year, while customer accounts exceeded 25 million, an increase of over 2 million.
Nearly 30,000 residential combi boilers and around 20,000 residential gas clothes dryers, a new appliance in this market, were sold during the year.
Good progress was made on the plant construction of our Hua Yan Water pilot project to convert food waste into gas and solid fuel. It is targeted for commissioning by the end of 2018.
The Mia Cucina kitchen cabinet brand expanded to include our Total Kitchen Solution, which offers a complete portfolio of kitchen equipment to complement the cabinets sold to property developers and individual home owners.
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Our first combined heat and power system using landfill gas in Hong Kong is now in operation at the Alice Ho Miu Ling Nethersole Hospital in Tai Po – an award-winning breakthrough in clean energy for social good.
Our Mia Cucina high-end Total Kitchen Solution is growing in popularity, with more than 5,300 units sold in 2017, a 27 per cent increase in sales from the previous year.
The Towngas Cooking Centre celebrated its 40th anniversary of delivering exceptional experiences in flame cooking.
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New Energy and Diversified Businesses
ECO has five projects in the construction phase for converting low-value feedstock into clean fuel and chemical products.
ECO constructed a new plant in Zhangjiagang, Jiangsu province, for converting inedible grease feedstock into high-value bio-diesel fuel.
ECO is planning to launch a pilot project for converting agricultural waste into furfural and paper pulp, underlining our commitment to green technology and sustainability.
We made great progress in developing advanced carbon materials for high performance batteries and supercapacitors that will help to revolutionise the transport industry.
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Corporate Social Responsibility
Our third landfill gas initiative, the South East New Territories (SENT) landfill gas treatment plant, was commissioned; it is expected to reduce annual carbon emissions by around 56,000 tonnes.
Towngas launched its first Green Bond to finance green projects, such as the SENT landfill gas project and waste conversion projects in mainland China.
We launched the Chef Anchor cooking programme, Hong Kong’s first procedural learning method through cooking, to help alleviate Mild Cognitive Impairment (MCI) symptoms.
Our Gas Craft Apprentice Training Scheme, the first gas training scheme in Hong Kong, celebrated its 50th anniversary.
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中文
Chairman’s Statement pdf
