ANNUAL REPORT‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

2016

Expanding

NEW HORIZONS

Guided by our management theme

"Expanding New Horizons"

we continue to pursue every innovation to not only revitalise our services, but also to ensure that our diversified businesses will continue to grow.

We are committed to providing our customers with a safe, reliable supply of gas and the caring, competent and efficient service they expect, while working to preserve, protect and improve our environment.

Contents

02 Business Overview

  1. Five-Year Financial Summary

  2. Financial Highlights

  3. Chairman's Statement

10 Major Accolade

12 Financial Review

16 Review of Operations

  1. Awards

  2. Risk Factors

36 Board of Directors

40 Report of the Directors

54 Corporate Governance Report

71 Independent Auditor's Report

  1. Consolidated Income Statement

  2. Consolidated Statement of Comprehensive Income

  3. Consolidated Statement of Financial Position

  1. Consolidated Statement of Changes in Equity

  2. Consolidated Statement of Cash Flows

84 Notes to the Consolidated Financial Statements

165 Corporate Information

02

TOWNGAS CHINA COMPANY LIMITED ANNUAL REPORT 2016

Business Overview

NO. OF PROJECTS

105

Piped Gas Projects Anhui Anqing, Bowang, Bozhou-Wuhu Modern Industrial Zone, Chizhou, Huangshan, Huizhou, Maanshan, Tunxi, Wuhu Fanchang, Wuhu Jiangbei, Zhengpugang Xin Qu Modern Industrial Zone Chongqing Qijiang Fujian Changting Guangdong Fengxi, Foshan, Qingyuan, Shaoguan, Yangdong Guangxi Guilin, Zhongwei (Fusui) Guizhou Xingyi Hebei Baoding, Cangxian, Mengcun, Qinhuangdao, Shijiazhuang, Yanshan Heilongjiang Qiqihar Hubei Zhongxiang Hunan Miluo Inner Mongolia Baotou Jiangsu Dafeng, Nanjing Gaochun, Tongshan Jiangxi Changjiu, Fuzhou, Jiujiang, Wuning, Xiushui, Yifeng Jilin Changchun, Gongzhuling, Siping Liaoning Anshan, Beipiao, Benxi, Chaoyang, Dalian Changxingdao, Dalian Economic and Technical Development Zone, Fuxin, Jianping, Kazuo, Lvshun, Shenyang Coastal Economic Zone, Tieling, Wafangdian, Xinqiu, Yingkou Shandong Boxing Economic Development Zone, Chiping, Feicheng, Jimo, Jinan West, Laiyang, Laoshan, Linqu, Longkou, Pingyin, Taian, Weifang, Weihai, Wulian, Yangxin, Zhaoyuan, Zibo, Zibo Lubo Sichuan Cangxi, Chengdu, Dayi, Jiajiang, Jianyang, Lezhi, Mianyang, Mianzhu, Pengshan, Pengxi, Pingchang, Weiyuan, Xindu, Xinjin, Yuechi, Zhongjiang, Ziyang Yunnan Luliang Zhejiang Huzhou, Songyang, Tongxiang, Yuhang Vehicle Gas Refilling Stations

Qiqihar (Lianfu), Qiqihar (Xingqixiang)

Midstream Projects

Taian Taigang, Xuancheng-Huangshan

Other Projects

Maanshan (Piping Prefabrication), Sichuan Distributed Energy Systems, Towngas China Energy Investment

Towngas China Company Ltd. published this content on 18 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 April 2017 09:08:10 UTC.

Original documenthttp://www.towngaschina.com/tgchinadoc/TGChinaWeb/English/HKEXFilings/EW_01083AR2016 (Full).pdf

Public permalinkhttp://www.publicnow.com/view/6078194D26B9062637E79B59DA7F1DFF2B93E8CC