The coronavirus disease causing pneumonia (COVID-19) spread globally and severely hit the world economy in 2020. Following the implementation of effective measures to prevent and control the epidemic, mainland China has gradually resumed steady economic growth since the second quarter of last year. Despite the epidemic affecting the Group’s businesses in mainland China and Hong Kong, the Group’s active response, by increasing revenue and reducing expenditure, has been effective, thus mitigating the impact of the epidemic on its businesses. Furthermore, benefiting from the commissioning of new projects during the year, the Group’s businesses maintained sustainable development.

Based in Hong Kong, our portfolio currently includes 436 projects* in 27 provinces, autonomous regions and municipalities in mainland China, as well as one in Thailand.

(* 2019 year end: 406 projects, inclusive of city-gas projects re-invested by the Group’s companies)