Towngas Smart Energy Company Limited ("Towngas Smart Energy"), a Hong Kong-listed company (Stock Code: 1083.HK) with The Hong Kong and China Gas Company Limited ("Towngas") (Stock Code: 0003.HK) as major shareholder, is a specialised gas investment and management group focused on the sales and distribution of piped gas in Chinese Mainland including the provision of piped gas, construction of gas pipelines, the operation of city-gas pipeline networks, the operation of gas fuel automobile refilling station, and the sale of gas household appliance.
Meanwhile, Towngas Smart Energy has been engaging in the business of smart energy system (including renewable energy generation (including but not limited to solar photovoltaic system), digitalized energy management services, and carbon management services) ("Smart Energy Business") in Chinese Mainland. In particular, to be in line with Chinese Mainland's carbon peak and carbon neutrality goals, the Group has been promoting a "zero-carbon city" smart energy scheme based on the development of photovoltaic and energy storage projects and has been establishing extensive cooperation with sizeable energy companies in Chinese Mainland to build a smart energy ecosystem. At present, the global focus is to actively promote the green and low-carbon transformation of global development as the world aims to achieve zero carbon emissions. As such, it is envisaged that the future development trend for the energy business would lean on sustainability and decarbonization. To be in line with such development trend, it is intended for Towngas Smart Energy to further expand its Smart Energy Business and to focus reasonable efforts and resources on, investment in and the development of its Smart Energy Business alongside its other existing businesses.
Operating in Chinese Mainland's gas industry since the mid-1990s, Towngas Smart Energy join hands with the most competitive, leading domestic enterprises in the target markets engaged in the gas production, sales and storage, on the back of its own unique strengths and efficient development model. Towngas Smart Energy is currently a leading operator in piped city-gas, serving residential and industrial / commercial customers with a full-fledged operating system featuring core terminal services complemented by operations in gas refinery, storage, transportation and distribution, sales and piped city-gas network construction.
In adherence to its business philosophy of providing low-carbon, environmentally-friendly and clean gas and on the back of its strengths in retail gas service and market development built over the years, experience and track records in longstanding involvement in SOE reforms, formidable capital strengths and resources, as well as sound marketing and management skills, Towngas Smart Energy has fully capitalised on the enormous opportunities created by the rapid development of the natural gas sector to expand piped gas business nationwide leveraging its own as well as Towngas' experience, technologies and superior human resources. Having fostered close working relationships with local governments in China in the process and built a strong reputation in the domestic gas sector with positive brand recognition among end users, it has become a long-term partner for the local governments, enterprises and users.
Leveraging its standardised, services, efficient logistics, transportation and distribution and sophisticated operational and management model, Towngas Smart Energy has been vigorously developing the domestic markets for gas consumption by residential users, commercial / industrial users and automobiles with assured supply of piped gas. With a successful operational model of low costs and high efficiency, Towngas Smart Energy has grown into one of the largest cross-regional gas supplier and smart energy business provider in Chinese Mainland and Asia in terms of geographic coverage, end-user base and business scale.