PDF《2015》

68 Xinhua Road East Cheng Xiang Town, Taicang City, PRC LEGAL ADVISORS As to Hong Kong law: Simmons &

Simmons 13th Floor, One Pacific Place

88 Queensway Hong Kong As to Cayman Islands law: Appleby 2206-19 Jardine House

1 Connaught Place, Central Hong Kong COMPLIANCE ADVISOR RHB OSK Capital Hong Kong Limited 12/F, World-Wide House

19 Des Voeux Road Central Hong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Appleby Trust (Cayman) Ltd. Clifton House

75 Fort Street, PO Box

1350 Grand Cayman, KY1-1108 Cayman Islands HONG KONG Branch SHARE REGISTRAR Tricor Investor Services Limited Level 22, Hopewell Centre

183 Queen'

s Road East Hong Kong STOCK CODE Stock code:

1430 WEBSITE www.suchuanggas.com

4 The board (the Board ) of directors (the Directors ) of Suchuang Gas Corporation Limited (the Company ) is pleased to present the unaudited interim financial results and financial position of the Company and its subsidiaries (collectively, the Group ) for the six months ended

30 June

2015 (the Period ) together with the comparative figures for the corresponding period of 2014. Market Review In the first half of 2015, the global economy still faced a number of uncertainties, such as Greek debt crisis, mounting geopolitical conflicts and sharp fall of bulk commodity prices, resulting in a weaker than expected economic recovery. The economy of China was inevitably affected. However, due to the continuous domestic industrial restructuring and the move towards more upscaled consumption, China achieved a GDP growth of 7.0% in the first half of this year. The demand for energy continued to show a steady upward trend. According to the estimates from the report of the National Energy Administration, there has been steady growth of national natural gas consumption for the first half of the year, among which, the consumption volume of urban gas and power generation gas showed a significant year-on-year growth of 9.5% and 13.3% respectively. During the Period, China'

s clean energy structure optimization proceeded smoothly. The China-Russia East-Route Natural Gas Pipeline (Chinese section) extending across nine provinces and regions (such as Jiangsu Province) has commenced construction. It was scheduled to be put into operation in 2018. Upon full operation, Russia will ultimately supply gas up to 38.0 billion cubic meters per annum to China. It is expected that the commencement and completion of construction of the China- Russia East-Route will increase the supply of natural gas to Eastern China regions and persistently drive up the consumption of natural gas of the whole region. In addition, Shanghai Petroleum and Natural Gas Exchange was officially set up with an aim to offer more alternative sources of natural gas supply and decrease the cost of imported natural gas. It facilitates the move towards a market determined natural gas price. 苏创燃气股份有限公司(「本 公司」 )董事(「董 事」 )会(「董事会」 )欣然提呈本公司及其附属公 司 (统称 「本集团」 )截至2015年6月30日止六个 月(「该期间」 )未经审核中期财务业绩及财务状 况,连同2014年同期比较数字. 市场回顾 2015年上半年,全球经济仍然面对一些不明朗的 因素,如希腊债务危机、地缘政治冲突增加以及 大宗商品价格急剧下跌,以致经济复苏幅度较预 期小,中国经济亦无可避免地受到影响.然而, 由於国内产业结构转型和消费升级的持续带动, 中国国内生产总值於今年上半年的增长幅度仍达 到7.0%,对能源的需求继续保持稳中有升的趋 势.根夷茉淳值谋ǜ嬖て,今年上半年全 国的天然气增长稳定,其中城市燃气、发电用气 量同比显著增长,分别达到9.5%及13.3%. 於该期间,中国清洁能源结构优化进程继续稳步 向前.途经江苏省等九个省区的中俄东线天然气 管道中国境内段已启动建设,按计划将於2018年 建成投产,由俄罗斯向中国境内供气,年供气量 最终高达380亿立方米.随着中俄东线的动工和 落成,有望提升华东地区天然气的供应量,持续 推动整个地区的天然气消费.此外,上海石油天 然气交易中心亦正式组建,增加天然气量供应选 择的同时,降低天然气进口成本,为天然气价格 进一步市场化提供了助力.