HONG KONG, CHINA – Media
OutReach – 12
July 2018 – Industrial Securities issued
a research report on Beijing Gas Blue Sky Holdings
Limited
(“the Company” or “BGBS”, together with its subsidiaries, the “Group”, HKSE
stock code: 6828). The report states that BGBS has completed the acquisition
of 29% equity interest of a LNG terminal in Caofeidian, Tangshan. It enables
the Company to seize the opportunity of selling natural gas and importing LNG.
In 2018, it is expected to see a significant growth in revenue of BGBS.
According to the
report, the PRC government is committed to improving energy consumption
structure and promoting the “coal to gas” policy, which result in rapid increase
of natural gas demand. It is a must to increase the import of LNG to ease the
uneven supply and demand in the natural gas industry in the PRC. The acquisition
of the Caofeidian LNG terminal enables the Company to enter the market and gain
a stable market share. It helps to further promote the strategic development of
the Company’s entire business chain of LNG, as well as to improve its financial
performance.
Industrial
Securities expected that the acquisition of Jilin and Shaanxi projects (three
city gas projects) will greatly increase the gas sales volume of the Company this
year. In addition, Industrial Securities is optimistic of the acquisition of
the Teng County Project, first city gas asset injected by Beijing Gas. Teng
County is the second largest regional titanium reserve in the PRC. The project
has a 30 years of franchise operation right and mainly supply natural gas to industrial
users (ceramics and titanium). It is expected to contribute 300 million cubic
meters of annual gas sales volume in the coming years.
About Beijing Gas Blue Sky
Holdings Limited
Beijing Gas Blue Sky Holdings
Limited (“Beijing Gas Blue Sky”, HKSE stock
code: 6828) is an integrated natural gas provider, distributor and operator,
with an emphasis on the midstream and downstream natural gas development. Our
natural gas business includes: (i) construction and operation of compressed
natural gas (“CNG”) and liquefied natural gas (“LNG”) refueling stations for
vehicles; (ii) construction of natural gas pipelines and operation of city gas
projects by providing piped gas; (iii) direct supply of LNG to end-users; and
(iv) trading and distribution of CNG and LNG.
The Group has adapted to the “One Belt One Road”
policy, and focus on operating and investing natural gas business. The Group is
actively expanding its business development and distribution, as well as
continues to gradually expanding the scale of operations. Currently, the Group
has business presence in several provinces in Northeast China, East China,
Central South China and Southwest China, including Liaoning Province, Shandong Province,
Anhui Province, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan
Province and Hainan Province, etc. The Group is committed to its vision:
“develop clean energy, enhance customer value, create a beautiful blue
sky”. In the future, it will continue to actively investing and developing
natural gas business, as well as participating in the development of natural
gas industry value chain.
