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HONG KONG, CHINA - Media OutReach - 7 September 2017 - BOC International issued a research report on Beijing Gas Blue Sky Holdings Limited ("the Company" or "Beijing Gas Blue Sky", together with its subsidiaries, the "Group", HKSE stock code: 6828) today.

 

The report states that the Group has become an eligible security for theShenzhen-Hong Kong Stock Connect since 4 September 2017, and has grown rapidly in recent years. It sold a total of 292 million cubic meter of natural gas in 1H 2017, 2.5% higher than the full-year sales volume in 2016. Being a new entrant in the industry, the Group focuses on LNG related businesses with high growth potential. Driven by strong industrial demand and coal-to-gas conversion, China recorded high gas consumption growth of 16% year-on-year during the first seven months of 2017. The Group's strategy is to capture the incremental gas demand with LNG supply in areas without direct access to long-distance gas pipeline to fuel its future growth.

 

Beijing Gas, a wholly-owned subsidiary of Beijing Enterprises Holdings Limited, has become the Group's single largest shareholder since May 2016. Last year, the Group signed a 3-year contract to supply LNG to a Beijing Gas subsidiary with annual caps at RMB150 million to 180 million. Besides, the Group shall acquire from Beijing Gas a city-gas project in the Teng county of Guangxi province. The Group and Beijing Gas continue to explore cooperation opportunities with synergies expected..

 

With 28% net debt to equity ratio as at 30 June 2017, the Group plans to spend HK$1 billion on capex per annum in the coming few years to drive continuous high growth through M&As.

 

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.

 

Source http://www.media-outreach.com/release.php/View/3905#Contact