The Company focuses on urban gas business on the downstream demand side of natural gas, which covers two core scenarios of resident gas use and non-resident gas use, with the main business segments consisting of gas sales and gas installation engineering services. Its business model consists of selling source gas purchased from upstream suppliers to end customers through self-built urban pipeline networks and providing relevant transmission and distribution services. The business scope is concentrated in Yangtze River Delta region, where subsidiaries Shanghai Dazhong Gas and Nantong Dazhong Gas are the only pipelined gas suppliers in south of Puxi, Shanghai and urban areas of Nantong, Jiangsu, respectively, enjoying considerable influence in Shanghai and Yangtze River Delta region.
Major performance drivers: the Company solidified the fundamentals of its main business, stabilized its existing business operations and expanded new ones, and made overall arrangements for supporting projects; actively expanded extended services and developed new business growth points such as gas insurance; solidified internal management, pursued fine operations and enhanced its operation performance; pushed forward renovation of old and obsolete pipeline networks and facilities, and reduced risks associated with gas use; leveraged intelligent tools to enable safety management and operating efficiency increase.