BGBS Announces Positive Profit Alert and Expects to Record an Increase in Net Profit for the Year of 2018

March 13, 2019 - 12:04
BGBS Announces Positive Profit Alert and Expects to Record an Increase in Net Profit for the Year of 2018

HONG KONG, CHINA - MediaOutReach - 13 March 2019 - Beijing Gas Blue Sky HoldingsLimited("the Company" or "Beijing Gas Blue Sky", together with itssubsidiaries, the "Group", HKSE stock code: 6828) is pleased toannounce that, the Group is expected to record an increase in net profit forthe Year 2018 as compared to the net profit for the year ended 31 December2017. Such increase was mainly attributable to (i) the increase in the revenueand gross profit from the natural gas business of the Group; (ii) the gain onbargain purchase on acquisition of an associate; and (iii) the increase in theshare of profit of an associate during the Year 2018.


Mr. TommyCheng, Co-Chairman and Executive Director of the Group said that "The Group will closelyfollow the policy guidance of the PRC, actively explore industry and marketopportunities, and leverage its own advantages to seize market opportunitiesarising from 'coal-to-gas' and 'industrial transformation', in turns to maximize returns to our shareholdersand investors."

About Beijing Gas Blue Sky Holdings Limited

Beijing Gas Blue Sky HoldingsLimited ("Beijing Gas Blue Sky", HKSE stockcode: 6828) is an integrated natural gas provider, distributor and operator,with an emphasis on the midstream and downstream natural gas development. Ournatural gas business includes: (i) construction and operation of compressednatural gas ("CNG") and liquefied natural gas ("LNG") refueling stations forvehicles; (ii) construction of natural gas pipelines and operation of city gasprojects 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 gasbusiness. The Group is actively expanding its business development anddistribution, as well as continues to gradually expanding the scale ofoperations. Currently, the Group has business presence in several provinces inNortheast China, East China, Central South China and Southwest China, includingLiaoning Province, Jilin Province, Shandong Province, Shanxi Province, AnhuiProvince, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Provinceand Hainan Province, etc. The Group is committed to its vision: "developclean energy, enhance customer value, create a beautiful blue sky". In thefuture, it will continue to actively investing and developing natural gasbusiness, as well as participating in the development of natural gas industryvalue chain.