中國煤層氣：二零一九中期報告.pdf

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1、China CBM Group Company Limited(於開曼群島註冊成立並在百慕達繼續營業之有限公司)Interim Report中期報告1二零一九年中期報告 中國煤層氣集團有限公司CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET(“GEM”)OF THE STOCK EXCHANGE OF HONG KONG LIMITED(THE“STOCK EXCHANGE”)GEM has been positioned as a market designed to accommodate companies to which a higher

2、 investment risk may be attached than other companies listed on the Stock Exchange.Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.The greater risk profile and other characteri

3、stics of GEM mean that it is a market more suited to professional and other sophisticated investors.Given the emerging nature of companies listed on GEM,there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Sto

4、ck Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report,make no representation as to its accuracy or completeness and expressly disc

5、laim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.This report,for which the directors(the“Directors”)of China CBM Group Company Limited(the“Company”)collectively and individually accept full responsibility,inclu

6、des particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange(the“GEM Listing Rules”)for the purpose of giving information with regard to the Company.The Directors,having made all reasonable enquiries,confirm that to the best of their knowledge a

7、nd belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive,and that there are no other matters the omission of which would make any statement herein or this report misleading.This report will remain on the“Latest Company Annou

8、ncements”page of the GEM website at for at least seven days from the date of its publication.香港聯合交易所有限公司（聯交所）GEM（GEM）之特色GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險之公司提供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。GEM之較高風險及其他特色表示GEM較適合專業及其他老練投資者。由於GEM上市公司新興之性質所然，在GEM買賣之證券可能會較於聯交所主板買賣之證券承受較大之市場波動風險，同時無法保證在G

9、EM買賣之證券會有高流通量之市場。香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。本報告的資料乃遵照聯交所GEM證券上市規則（GEM上市規則）而刊載，旨在提供有關中國煤層氣集團有限公司（本公司）的資料；本公司的董事（董事）願就本報告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成份，且並無遺漏任何其他事項致使本報告所載任何陳述或本報告產生誤導。本 報 告 將 自 其 刊

10、發 日 期 起 最少 一 連 七 日 載 於 G E M 網 站的 最新公司公告 網頁。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20192CORPORATE INFORMATION公司資料BOARD OF DIRECTORSExecutive DirectorsMr.Wang Zhong Sheng(Chairman)Mr.Fu Shou GangIndependent Non-Executive DirectorsMr.Lau Chun PongMr.Luo Wei Kun Mr.Wang Zhi HeAUDIT COMMITTEEMr.

11、Lau Chun Pong(Chairman of audit committee)Mr.Luo Wei KunMr.Wang Zhi HeNOMINATION COMMITTEEMr.Wang Zhi He(Chairman of nomination committee)Mr.Luo Wei KunMr.Lau Chun PongREMUNERATION COMMITTEEMr.Lau Chun Pong(Chairman of remuneration committee)Mr.Luo Wei KunMr.Wang Zhi He董事會執行董事王忠勝先生（主席）付壽剛先生獨立非執行董事劉振

12、邦先生羅維崑先生王之和先生審核委員會劉振邦先生（審核委員會主席）羅維崑先生王之和先生提名委員會王之和先生（提名委員會主席）羅維崑先生劉振邦先生薪酬委員會劉振邦先生（薪酬委員會主席）羅維崑先生王之和先生3二零一九年中期報告 中國煤層氣集團有限公司CORPORATE INFORMATION(Continued)公司資料（續）COMPANY SECRETARYMr.Lui Chi KeungCOMPLIANCE OFFICERMr.Wang Zhong ShengAUTHORISED REPRESENTATIVESMr.Wang Zhong ShengMr.Lui Chi KeungHEAD OFF

13、ICE&PRINCIPAL PLACE OF BUSINESS IN HONG KONGRoom 19,13/F,Tower ANew Mandarin Plaza14 Science Museum RoadTsim Sha Tsui EastKowloon,Hong KongREGISTERED OFFICEClarendon House2 Church StreetHamilton HM11BermudaPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICECodan Services LimitedClarendon House2 Church Str

14、eetHamilton HM11Bermuda公司秘書呂志強先生監察主任王忠勝先生授權代表王忠勝先生呂志強先生香港總辦事處兼主要營業地點香港九龍尖沙咀東科學館道14號新文華中心A座19室註冊辦事處Clarendon House2 Church StreetHamilton HM11Bermuda主要股份過戶登記處Codan Services LimitedClarendon House2 Church StreetHamilton HM11BermudaCHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20194CORPORATE INFORMATI

15、ON(Continued)公司資料（續）HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICETricor Tengis LimitedLevel 22,Hopewell Centre183 Queens Road EastHong KongAUDITORSKTC Partners CPA LimitedLEGAL ADVISERSMichael Li&CoPRINCIPAL BANKERSHongkong and Shanghai Banking CorporationSTOCK CODE08270香港股份過戶登記分處卓佳登捷時有限公司香港皇

16、后大道東183號合和中心22樓核數師和信會計師事務所有限公司法律顧問李智聰律師事務所主要往來銀行香港上海滙豐銀行有限公司股份代號082705二零一九年中期報告 中國煤層氣集團有限公司FINANCIAL HIGHLIGHTS財務摘要 Revenue of the Company together with its subsidiaries(collectively the“Group”)for the quarter ended 30 June 2019(the“Quarterly Period”)and the six months ended 30 June 2019(the“Interim

17、 Period”)were approximately RMB54,092,000 and RMB97,182,000 respectively,representing an increase of approximately 31.60%and approximately 16.18%respectively compared with corresponding periods in the previous financial year.The Group recorded a profit attributable to equity shareholders of the Comp

18、any of approximately RMB5,358,000 for the Interim Period.Profit per share of the Group was approximately RMB0.41 cents for the Interim Period.The board of Directors(the“Board”)does not recommend the payment of any dividend for the Interim Period.本公司連同其附屬公司（統稱 本集團）截至二零一九年六月三十日止季度（本季度）及截至二零一九年六月三十日止六個

19、月（本中期）之收益分別約為人民 幣 54,092,000 元 及 人 民幣97,182,000元，較上一個財 政 年 度 同 期 分 別 上 升 約31.60%及約16.18%。於本中期，本集團錄得本公司權益股東應佔盈利約為人民幣5,358,000元。本集團於本中期之每股盈利約為人民幣0.41分。董事會（董事會）並不建議就本中期派發任何股息。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20196CONDENSED CONSOLIDATED INCOME STATEMENT簡明綜合收益表The unaudited consolidated res

20、ults of the Group for the Quarterly Period and the Interim Period,together with the unaudited comparative figures for the corresponding periods in 2018,respectively were as follows:(Unless otherwise stated,all financial figures presented in this interim report are denominated in Renminbi(“RMB”).本集團於

21、本季度及本中期之未經審核綜合業績，連同二零一八年同期之未經審核比較數字分別詳列如下：（除另作註明外，本中期報告內所呈列之所有財務數字均以人民幣（人民幣）列值）。7二零一九年中期報告 中國煤層氣集團有限公司CONDENSED CONSOLIDATED INCOMESTATEMENT(Continued)簡明綜合收益表（續）Quarterly ended 30 JuneHalf year ended 30 June截至六月三十日止季度截至六月三十日止半年2019201820192018二零一九年二零一八年二零一九年二零一八年NoteRMB000RMB000RMB000RMB000附註人民幣千元人民

22、幣千元人民幣千元人民幣千元(unaudited)(unaudited)(unaudited)(unaudited)（未經審核）（未經審核）（未經審核）（未經審核）Revenue收益354,09241,10597,18283,642Cost of sales銷售成本(45,047)(37,751)(75,799)(79,518)Gross profit毛利9,0453,35421,3834,124Other revenue and net income其他收益及淨收入322,66717029,205878Distribution costs分銷成本(2,427)(606)(3,428)(1,19

23、9)Administrative and other operating expenses行政及其他經營開支(23,734)(10,161)(36,606)(20,079)Finance costs財務費用(76)(1,586)(1,747)(3,231)Profit/(Loss)before taxation除稅前盈利（虧損）45,475(8,829)8,807(19,507)Income tax credit所得稅抵免5251925 Profit/(Loss)for the period期間盈利（虧損）5,477(8,824)8,999(19,502)Attributable to:下列應

24、佔：Equity shareholders of the Company本公司權益股東5,375(9,302)5,358(20,167)Non-controlling interests非控股權益1024783,641665 Profit/(Loss)for the period期間盈利（虧損）5,477(8,824)8,999(19,502)Dividends attributable to the period期內股息6 RMB(cents)RMB(cents)RMB(cents)RMB(cents)人民幣（分）人民幣（分）人民幣（分）人民幣（分）Profit/(Loss)per shar

25、e每股盈利（虧損）basic基本70.41(0.7)0.41(1.53)diluted攤薄0.41(0.7)0.41(1.53)CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20198CONDENSED CONSOLIDATEDSTATEMENT OF COMPREHENSIVEINCOME簡明綜合全面收益表Quarterly ended 30 JuneHalf year ended 30 June截至六月三十日止季度截至六月三十日止半年2019201820192018二零一九年二零一八年二零一九年二零一八年RMB000RMB000RMB000R

26、MB000人民幣千元人民幣千元人民幣千元人民幣千元(unaudited)(unaudited)(unaudited)(unaudited)（未經審核）（未經審核）（未經審核）（未經審核）Profit/(Loss)for the period期間盈利（虧損）5,477(8,824)8,999(19,502)Other comprehensive income/(expense)for the period期間其他全面 收入（開支）Items that may be reclassified subsequently to profit or loss:其後可能重新分類至 損益的項目：Exchan

27、ge differences on translation of financial statements of foreign entities換算外國實體財務報表 之匯兌差額316,00669,394 Total comprehensive income/(expense)for the period期間全面收入（開支）總額5,4807,1829,005(10,108)Total comprehensive income/(expense)attributable to:下列應佔全面收入（開支）總額：Equity shareholders of the Company本公司權益股東5,37

28、86,7045,364(10,773)Non-controlling interests非控股權益1024783,641665 5,4807,1829,005(10,108)9二零一九年中期報告 中國煤層氣集團有限公司CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIAL POSITION簡明綜合財務狀況表30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日NoteRMB000RMB000附註人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Non-current assets 非流動

29、資產Property,plant and equipment物業、機器及設備533,523551,948Prepaid land lease payments預付土地租金32,45233,323Deposits and prepayments訂金及預付款項270,901821 836,876586,092 Current assets流動資產Prepaid land lease payments預付土地租金871871Inventories存貨13,6707,361Trade and other receivables應收賬款及其他應收款項933,77354,640Tax recoverabl

30、e可收回稅項1,6382,000Cash and cash equivalents現金及現金等值物4,63117,256 54,58382,128 Current liabilities流動負債Trade and other payables應付賬款及其他應付款項10488,984345,302Bank and other borrowings銀行及其他借款11105,70754,200Obligation under finance leases融資租賃承擔31Provision 撥備39,09016,646Tax payable應付稅項3,413 633,812419,561 CHINA

31、CBM GROUP COMPANY LIMITED INTERIM REPORT 201910CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIAL POSITION(Continued)簡明綜合財務狀況表（續）30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日NoteRMB000RMB000附註人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Net current liabilities流動負債淨值(579,229)(337,433)Total assets less curre

32、nt liabilities總資產減流動負債257,647248,659 Non-current liabilities非流動負債Bank and other borrowings銀行及其他借款8,4465,000Convertible bonds可換股債券9,80112,416Deferred tax liabilities遞延稅項負債7,1708,018 25,41725,434 Net assets資產淨值232,230223,225 Capital and Reserves資本及儲備Share capital股本1210,91010,910Reserves儲備244,789239,42

33、5 Equity attributable to equity shareholders of the Company本公司權益股東 應佔權益255,699250,335Non-controlling interests非控股權益(23,469)(27,110)Total equity總權益232,230223,225 11二零一九年中期報告 中國煤層氣集團有限公司CONDENSED CONSOLIDATEDSTATEMENT OF CASH FLOWS簡明綜合現金流量表Six months ended 30 June截至六月三十日止六個月20192018二零一九年二零一八年RMB000RMB

34、000人民幣千元人民幣千元(unaudited)(unaudited)（未經審核）（未經審核）CASH(OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES經營業務產生之 現金（流出）流入(56,103)16,585CASH(OUTFLOW)FROM INVESTING ACTIVITIES投資活動產生之 現金（流出）(8,891)(18,293)CASH INFLOW FROM FINANCING ACTIVITIES融資活動產生之 現金流入52,3691,940 NET(DECREASE)/INCREASE IN CASH AND BANK BALANCES現

35、金及銀行結存（減少）增加淨額(12,625)232CASH AND BANK BALANCES AT 1 JANUARY於一月一日之 現金及銀行結存17,2568,572 CASH AND BANK BALANCES AT 30 JUNE於六月三十日之 現金及銀行結存4,6318,804 CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201912CONDENSED CONSOLIDATEDSTATEMENT OF CHANGES IN EQUITY簡明綜合權益變動表Attributable to equity shareholders of th

36、e Company本公司權益股東應佔 SharecapitalSharepremiumGeneralreserveTranslationreserveContributedsurplusShare optionreserveConvertiblebondsreserveAccumulatedprofit/(losses)TotalNon-controllinginterestsTotalequity股本股份溢價一般儲備換算儲備實繳盈餘購股權儲備可換股債券儲備累計虧損總計非控股權益總權益(unaudited)（未經審核）RMB000RMB000RMB000RMB000RMB000RMB000RM

37、B000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元 Balance at 1 January 2019於二零一九年 一月一日結餘10,910131,0828,273(11,419)584,83830,8498,652(512,850)250,335(27,110)223,225Profit for the period本期間盈利5,3585,3583,6418,999Other comprehensive income for the period本期間其他 全面收益666 To

38、tal comprehensive income/(expenses)for the period本期間全面收入（支出）總額65,3585,3643,6419,005 Balance at 30 June 2019於二零一九年 六月三十日結餘10,910131,0828,273(11,413)584,83830,8498,652(507,492)255,699(23,469)232,230 Attributable to equity shareholders of the Company本公司權益股東應佔 SharecapitalSharepremiumGeneralreserveTrans

39、lationreserveContributedsurplusShare optionreserveConvertiblebondsreserveAccumulatedlossesTotalNon-controllinginterestsTotalequity股本股份溢價一般儲備換算儲備實繳盈餘購股權儲備可換股債券儲備累計虧損總計非控股權益總權益(unaudited)（未經審核）RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元人民幣

40、千元人民幣千元人民幣千元 Balance at 1 January 2018於二零一八年 一月一日結餘10,910131,0828,273(22,952)584,83830,8498,652(407,164)344,488(10,863)333,625Loss for the period本期間虧損(20,167)(20,167)665(19,502)Other comprehensive income for the period本期間其他 全面收益9,3949,3949,394 Total comprehensive income/(expenses)for the period本期間全面

41、收入（支出）總額9,394(20,167)(10,773)665(10,108)Balance at 30 June 2018於二零一八年 六月三十日結餘10,910131,0828,273(13,558)584,83830,8498,652(427,331)333,715(10,198)323,517 13二零一九年中期報告 中國煤層氣集團有限公司NOTES:1.Basis of presentation of financial statementsThe unaudited financial statements have been prepared in accordance wit

42、h accounting principles generally accepted in Hong Kong and comply with accounting standards issued by the Hong Kong Institute of Certified Public Accountants(“HKICPA”).They are prepared under the historical cost convention.The unaudited consolidated results for the six months ended 30 June 2019 hav

43、e not been audited by the Companys auditors,but have been reviewed by the Companys audit committee.The accounting policies and basis of preparation used in the preparation of the unaudited consolidated results for the six months ended 30 June 2019 are consistent with those used in the Companys annua

44、l financial statements for the year ended 31 December 2018.The Group principally operates in the Peoples Republic of China(the“PRC”)with its business activities principally transacted in RMB,the results of the Group are therefore prepared in RMB.附註：1.財務報表呈報基準未經審核財務報表乃根據香港普遍採納之會計原則及遵照香港會計師公會（香港會計師公會）

45、頒佈之會計準則而編製。財務報表乃按過往成本慣例編製。截至二零一九年六月三十日止六個月之未經審核綜合業績並未經本公司核數師審核，但已由本公司之審核委員會審閱。編製截至二零一九年六月三十日止六個月之未經審核綜合業績時所採納之會計政策及編製基準與本公司截至二零一八年十二月三十一日止年度之全年財務報表中所採納者一致。本集團主要在中華人民共和國（中國）經營業務，其業務活動主要以人民幣進行，因此本集團之業績乃以人民幣編製。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 2019142.Application of New and Revised Hong Ko

46、ng Financial Reporting Standards(“HKFRSs”)In the Interim Period,the Group has,where applicable,applied the new and revised HKFRSs issued by the HKICPA which are or have become effective.The application of the new and revised HKFRSs in the current period had no material effect on the Groups financial

47、 performance and positions for the current and prior accounting periods and/or on the disclosures set out in these financial statements.Up to the date of issue of these financial statements,the HKICPA has issued a number of amendments,new standards and interpretation which are not yet effective for

48、the period ended 30 June 2019 and which have not been adopted in these financial statements.The Group is in the process of assessing the impact of these new and revised standards,amendments or interpretation is expected to be in the period of initial application but is not yet in a position to state

49、 whether those new and revised standards,amendments or interpretation would have a significant impact on the Groups or the Companys results of operations and financial position.3.Revenue and segment informationThe Company is an investment holding company.The principal activities of its subsidiaries

50、are manufacture and sales of liquefied coalbed gas(including provision of liquefied coalbed gas logistics services),sales of piped natural gas and provision of gas supply connection services.2.應用新訂及經修訂之香港財務報告準則（香港財務報告準則）於本中期，本集團已（如適用）應用由香港會計師公會頒佈之目前或已經生效之新訂及經修訂香港財務報告準則。於本期間應用新訂及經修訂香港財務報告準則對本集團現時或過往會

51、計期間之財務表現及狀況及或此等財務報表所載之披露概無造成重大影響。直至此等財務報表刊發之日期，香港會計師公會已頒佈若干修訂本、新訂準則及詮釋，惟於截至二零一九年六月三十日止期間尚未生效，而此等財務報表並未採納該等修訂本、新訂準則及詮釋。本集團正評估該等新訂及經修訂準則、修訂本或詮釋預期將於首次應用期間產生的影響，惟未能說明該等新訂及經修訂準則、修訂本或詮釋會否對本集團或本公司的經營業績及財務狀況造成重大影響。3.收益及分部資料本公司為投資控股公司，其附屬公司之主要業務為液化煤層氣生產及銷售（包括提供液化煤層氣物流服務）、管道天然氣銷售及提供供氣接駁服務。15二零一九年中期報告 中國煤層氣集團有

52、限公司3.Revenue and segment information(Continued)Revenue represents the sales value of goods supplied and services provided to customers,which excludes value-added and business taxes,and is after deduction of any goods returns and trade discounts.The amount of each significant category of revenue reco

53、gnised in revenue during the Quarterly Period and the Interim Period,and the corresponding periods in 2018 is as follows:Quarterly ended 30 JuneHalf year ended 30 June截至六月三十日止季度截至六月三十日止半年2019201820192018二零一九年二零一八年二零一九年二零一八年RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元(unaudited)(unaudited)(unaudited)

54、(unaudited)（未經審核）（未經審核）（未經審核）（未經審核）Revenue收益Sales of liquefied coalbed gas(including provision of liquefied coalbed gas logistic services)液化煤層氣銷售（包括提供液化煤 層氣物流服務）5,2943,44327,8977,067Sales of piped natural gas and provision of gas supply connection services管道天然氣 銷售及提供供氣 接駁服務48,79837,66269,28576,575 5

55、4,09241,10597,18283,642 Other revenue and net income其他收益及淨收入Interest income from bank deposits銀行存款之利息收入581317Valued add tax refund增值稅退稅6,5116,511Others其他16,15116222,681861 22,66717029,205878 3.收益及分部資料（續）收益指向客戶提供貨品及服務之銷售值，惟不包括增值稅及營業稅，並於扣除任何退貨及商業折扣後列賬。本季度及本中期以及二零一八年同期於收益確認之各項重大收益類別金額如下：CHINA CBM GROUP

56、 COMPANY LIMITED INTERIM REPORT 2019163.Revenue and segment information(Continued)The Groups revenue and assets were mainly derived from and related to the liquefied coalbed gas business in China while other segments were immaterial.Hence no geographical segment information is presented.4.Profit/(Lo

57、ss)before taxationProfit/(Loss)before taxation was arrived at after charging:Quarterly ended 30 JuneHalf year ended 30 June截至六月三十日止季度截至六月三十日止半年2019201820192018二零一九年二零一八年二零一九年二零一八年RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元(unaudited)(unaudited)(unaudited)(unaudited)（未經審核）（未經審核）（未經審核）（未經審核）Staff cos

58、ts(including Directors remuneration)員工成本（包括董事酬金）Salaries,wages,retirement benefit schemes contributions and other benefit薪金、工資、退休福利計劃 供款及其他福利3,6516,0867,99911,602 Depreciation of property,plant and equipment物業、機器及 設備折舊14,80517,03129,61834,655 3.收益及分部資料（續）本集團之收益及資產主要來自及涉及中國之液化煤層氣業務，而其他分部則屬不重大。因此，並無呈列

59、地區分部資料。4.除稅前盈利（虧損）除稅前盈利（虧損）乃扣除下列各項後得出：17二零一九年中期報告 中國煤層氣集團有限公司5.Income tax(a)Hong Kong profits taxHong Kong Profits Tax is calculated at 16.5%of the estimated assessable profits for the period ended 30 June 2019 and 2018.No provision for Hong Kong profits tax has been made as the Group did not derive

60、 any income subject to Hong Kong profits tax during the Interim Period.(b)Overseas income taxTaxes on incomes assessable elsewhere were provided for in accordance with the applicable tax legislations,rules and regulations prevailing in the territories in which the Group operates.Under the Law of the

61、 PRC on Enterprise Income Tax(the“EIT Law”)and the Implementation Regulations of the EIT Law,the tax rate of the PRC subsidiaries is 25%from 1 January 2008 onwards.There was no significant unprovided deferred taxation for the Quarterly Period and Interim Period.5.所得稅(a)香港利得稅截 至 二 零 一 九 年 及 二 零一八年六月三

62、十日止期間之香港利得稅乃按估計應課稅溢利以稅率16.5%計算。由於本集團於本中期並無賺取任何須繳納香港利得稅之收入，故並無為香港利得稅作出任何撥備。(b)海外所得稅本集團已根據其經營業務所在地區當時之適用稅務法律、規則及規例，就其他地區之應課稅收入作出稅項撥備。根據中國企業所 得 稅 法（企 業 所 得 稅法）及企業所得稅法實施條例，中國附屬公司自二零零八年一月一日起之稅率為25%。本集團於本季度及本中期內並無重大之未撥備遞延稅項。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 2019186.DividendsThe Board does not

63、 recommend payment of any interim dividend for the Interim Period(six-month ended 30 June 2018:Nil).7.Profit/(loss)per shareThe calculation of basic and diluted profit per share for the Quarterly Period and Interim Period were based on the respective unaudited data as follows:Quarterly ended 30 June

64、Half year ended 30 June截至六月三十日止季度截至六月三十日止半年2019201820192018二零一九年二零一八年二零一九年二零一八年RMB000RMB000RMB000RMB000人民幣千元人民幣千元人民幣千元人民幣千元(unaudited)(unaudited)(unaudited)(unaudited)（未經審核）（未經審核）（未經審核）（未經審核）Profit/(Loss)attributable to equity shareholders of the Company本公司權益股東 應佔盈利（虧損）5,375(9,302)5,358(20,167)Share

65、sSharesSharesShares股數股數股數股數(000)(000)(000)(000)（千股）（千股）（千股）（千股）Weighted average number of ordinary shares for the purposes of calculating basic loss per share計算每股基本 虧損時採用之 普通股加權平均數1,319,4841,319,4841,319,4841,319,484 No dilutive profit/(loss)per share was presented because there were no dilutive pot

66、ential ordinary share in existence during the quarters and six months ended 30 June 2019 and 30 June 2018 respectively.6.股息董事會並不建議於本中期派付任何中期股息（截至二零一八年六月三十日止六個月：無）。7.每股盈利（虧損）本季度及本中期之每股基本及攤薄盈利乃分別根據下列之未經審核數據計算：由於截至二零一九年六月三十日止季度及截至二零一八年六月三十日止六個月內並不存在任何具攤薄效應之潛在普通股，故此並無呈列每股攤薄盈利（虧損）。19二零一九年中期報告 中國煤層氣集團有限公司

67、8.Additions and disposals of property,plant and equipmentDuring the Interim Period,the Group have acquired approximately RMB8,891,000(six months ended 30 June 2018:approximately RMB6,363,000)property,plant and equipment.There was no material disposal in the Interim Period(six months ended 30 June 20

68、18:Nil).9.Trade and other receivablesThe Groups trade receivables relate to sales of goods to third party customers.The Group performs ongoing credit evaluations of its customers financial condition and generally does not require collateral on trade receivables.The Groups trade and other receivables

69、 are as follows:30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Bills receivables應收票據900Trade receivables應收賬款22,9243,566Amounts due from related companies應收關連公司款項5,605Advances to suppliers向供應商墊款1,855Prepayments and other receivables預付款項及其他應收款項9,21

70、139,421Other tax recoverable其他可收回稅項1,6383,293 33,77354,640 8.添置及出售物業、機器及設備於本中期，本集團收購物業、機器及設備約人民幣8,891,000元（截至二零一八年六月三十日止六個月：約人民幣6,363,000元）。本中期並無大型出售事項（截至二零一八年六月三十日止六個月：無）。9.應收賬款及其他應收款項本集團的應收賬款與銷售貨品予第三方客戶有關。本集團對其客戶的財務狀況持續進行信貸評估，一般不須就應收賬款作出抵押。本集團之應收賬款及其他應收款項如下：CHINA CBM GROUP COMPANY LIMITED INTERIM

71、REPORT 2019209.Trade and other receivables(Continued)The ageing analysis of the trade and bills receivables based on invoice date is as follows:30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Within 1 month1個月內13,8971,153More than 1 month but less

72、 than 3 months1個月後但3個月內4,58534More than 3 months but less than 6 months3個月後但6個月內2,292More than 6 months but less than 12 months6個月後但12個月內1,0501,196More than 12 months12個月後1,1001,183 22,9243,566 10.Trade and other payables30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(unaudite

73、d)(audited)（未經審核）（經審核）Contract liabilities合約負債11,521Trade payables應付賬款407,729133,197Amount due to a non-controlling shareholder of a subsidiary(note(a)應付一間附屬公司之非控股 股東款項（附註(a)）10,797Accrued expenses and other payables應計開支及其他應付款項7,379187,549Deposits received from customers向客戶收取訂金71,131Other taxes paya

74、bles其他應繳稅項2,7452,238 488,984345,302 9.應收賬款及其他應收款項（續）應收賬款及應收票據（按發票日期）之賬齡分析如下：10.應付賬款及其他應付款項21二零一九年中期報告 中國煤層氣集團有限公司10.Trade and other payables(Continued)The ageing analysis of the trade payables based on invoice date is as follows:30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(

75、unaudited)(audited)（未經審核）（經審核）Within 1 month1個月內105,4209,013More than 1 month but less than 3 months1個月後但3個月內169,1127,419More than 3 months but less than 6 months3個月後但6個月內9,013More than 6 months but less than 12 months6個月後但12個月內7,4191,056More than 12 months12個月後116,765115,709 407,729133,197 Note:(a)

76、The amounts are unsecured,interest-free and repayable on demand.10.應付賬款及其他應付款項（續）應付賬款（按發票日期）之賬齡分析如下：附註：(a)該筆款項為無抵押，免息及須按要求償還。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20192211.Bank and other borrowingsAs at 30 June 2019,the bank and other loans wererepayable as follows:30 June201931 December201

77、8二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Bank loan and unsecured other loans repayable:須償還之銀行貸款及無抵押 其他貸款：Within 1 year or on demand1年內或須按要求償還105,70754,200 Notes:(a)Unsecured other loans of RMB37,380,000(2018:RMB37,380,000)represent loans due to non-controlling shar

78、eholders of PRC subsidiaries of the Group.The loans bear interest at fixed rates ranging from 7.12%to 11.50%(2018:7.12%to 11.50%)per annum.(b)As at 30 June 2019,bank borrowing of RMB30,000,000(2018:RMB14,980,000)were secured by the pledge of exclusive right for piped natural gas operation in Beiliu

79、City,Guangxi Zhuang Autonomous Region,the PRC and bear interest at fixed rates ranging from 5.44%to 6%per annum.(c)Remaining secured bank loans carry varies interest rate from 5.44%to 7%(2018:5.44%to 7%)per annum.The bank loans were secured by personal guarantees given by Mr.Wang.11.銀行及其他借貸於二零一九年六月三

80、十日，須償還的銀行及其他貸款如下：附註：(a)無抵押之其他貸款人民幣37,380,000元（二零一八年：人民幣37,380,000元）乃結欠本集團中國附屬公司非控股股東之貸款。該等貸款按介乎每年7.12%至11.50%（二零一八年：7.12%至11.50%)之固定利率計息。(b)於 二 零 一 九 年 六 月 三 十日，銀 行 借 款 人 民 幣30,000,000（二零一八年：人民幣14,980,000）乃以中國廣西壯族自治區北流市經營管道天然氣業務之獨家權利作為抵押，按介乎每年5.44%至6%之固定利率計息。(c)餘下有抵押銀行貸款按介乎每年5.44%至7%（二零一八年：5.44至7%）之

81、不等利率計息。銀行貸款由王先生提供的個人擔保作抵押。23二零一九年中期報告 中國煤層氣集團有限公司12.Share capital30 June 201931 December 2018二零一九年六月三十日二零一八年十二月三十一日(unaudited)(audited)（未經審核）（經審核）Number ofsharesTotalnominalvalueNumber ofsharesTotalnominalvalue股份數目總面值股份數目總面值000RMB000000RMB000千股人民幣千元千股人民幣千元 Authorised法定20,000,000174,06420,000,000174,

82、064 Issued and fully paid已發行及繳足At 1 January ordinary shares of HK$0.01 each於一月一日每股面值 0.01港元之普通股1,319,48410,9101,319,48410,910 At 30 June/31 December於六月三十日 十二月三十一日1,319,48410,9101,319,48410,910 12.股本CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20192412.Share capital(Continued)Share option schemePur

83、suant to an ordinary resolution passed on 18 May 2011,the Company adopted a share option scheme(the“Scheme”)for the purpose of enabling the Company to recruit and retain high-calibre employees and attract resources that are available to the Group and to provide the Company with a means of giving inc

84、entive to,rewarding,remunerating,compensating and/or providing benefits to such persons who contribute or may bring benefit to the Group.The Scheme will remain in force for a period of 10 years from adoption of the Scheme and will expire on 17 May 2021.On 30 May 2011,the Board approved to grant opti

85、ons in respect of 258,300,000 ordinary shares to the Companys directors,employees and consultants under the Scheme.As a result of the Open Offer,adjustment has been made,among others,to the number of the share options to subscribe for shares granted and the exercise price of the outstanding share op

86、tions pursuant to the New Share Option Scheme with effect from 6 February 2014.After the aforesaid adjustment upon the completion of the Open Offer,the total number of the outstanding share options has been adjusted from 247,260,000 to 321,190,740 on 6 February 2014 and the exercise price of the out

87、standing share options had been adjusted from HK$0.495 to HK$0.381.12.股本（續）購股權計劃根據於二零一一年五月十八日通過之普通決議案，本公司採納了一項購股權計劃（該計劃），藉此令本公司得以聘請及挽留具才幹之僱員、吸納可供本集團使用之資源，及為本公司提供渠道向該等對本集團有貢獻或可帶來利益之人士作出激勵、獎賞、報酬、補償及或提供福利。該計劃自採納該計劃當日起計十年期間內有效，並將於二零二一年五月十七日屆滿。於二零一一年五月三十日，董事會批準根據該計劃授予本公司董事、僱員及顧問購股權以認購258,300,000股普通股。因公開發

88、售對（其中包括）根據新購股權計劃授出之可認購股份之購股權數目及未行使購股權之行使價作出調整，自二零一四年二月六日起生效。於 公 開 發 售 完 成 後 經 上 述 調整後，未行使購股權總數已由247,260,000 份 調 整 至 於 二 零一四年二月六日之321,190,740份，未行使購股權之行使價已由0.495港元調整至0.381港元。25二零一九年中期報告 中國煤層氣集團有限公司12.Share capital(Continued)Share option scheme(Continued)As a result of the capital reorganisation,adjust

89、ment has been made,among others,to the number of the share options to subscribe for shares granted and the exercise price of the outstanding share options pursuant to the New Share Option Scheme with effect from 12 May 2014.After the aforesaid adjustment upon the completion of the capital reorganisa

90、tion,the total number of the outstanding share options has been adjusted from 321,190,740 to 32,119,074 on 12 May 2014 and the exercise price of the outstanding options has been adjusted from HK$0.381 to HK$3.81.The options outstanding at 30 June 2019 had an exercise price of HK$3.81 and a weighted

91、average remaining contractual life of 2.0 years.The exercise periods for the above options granted under the Scheme shall end not later than 10 years from 30 May 2011.12.股本（續）購股權計劃（續）因股本重組對（其中包括）根據新購股權計劃授出之可認購股份之購股權數目及未行使購股權之行使價作出調整，自二零一四年五月十二日生效。於 股 本 重 組 完 成 後 經 上 述 調整後，未行使購股權總數已由321,190,740 份 調 整

92、 至 於 二 零一四年五月十二日之32,119,074份，未行使購股權之行使價已由0.381港元調整至3.81港元。於二零一九年六月三十日之尚未行使購股權之行使價為3.81港元，加權平均合約剩餘年期為2.0年。上述根據該計劃授出之購股權之行使期將不遲於二零一一年五月三十日起計十年終止。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 20192613.Commitments(a)At 30 June 2019,the total future minimum lease payments under non-cancellable operating

93、 leases in respect of office premises are payable as follows:30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Within 1 year1年內172294After 1 year but within 5 years 1年後但5年內25 172319 The Group leases a number of properties under operating leases.The

94、leases typically run for an initial period of one to three years,with an option to renew the lease with all terms renegotiable.None of the leases includes contingent rentals.13.承擔(a)於二零一九年六月三十日，根據辦公室物業之不可撤銷經營租約應付之日後最低租賃款項總額如下：本集團按經營租約租賃若干物業。租約之最初年期一般為一至三年不等，可於重新磋商所有條款後續租。並無租約附有任何或然租金。27二零一九年中期報告 中國煤

95、層氣集團有限公司13.Commitments(Continued)(b)At 30 June 2019,the Group had the following capital commitments:30 June201931 December2018二零一九年六月三十日二零一八年十二月三十一日RMB000RMB000人民幣千元人民幣千元(unaudited)(audited)（未經審核）（經審核）Capital expenditure in respect of acquisition of property,plant and equipment and in respect of con

96、struction in progress:有關收購物業、機器及設備以及有關 在建工程的 資本開支：contracted but not provided for in the financial statements已訂約但未於 財務報表撥備3,34543,012 13.承擔（續）(b)本集團於二零一九年六月三十日的資本承擔如下：CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201928MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析FINANCIAL REVIEWThe Group recorded a c

97、onsolidated turnover of approximately RMB97,182,000 for the Interim Period,representing an increase of approximately 16.18%compared with the corresponding period of last year.Profit attributable to equity shareholders of the Company for the Interim Period was approximately RMB5,358,000,compared with

98、 the loss attributable to equity shareholders of approximately RMB20,167,000 for the previous period.The reasons for the profit are as follows:(i)The revenue rise 16.18%to RMB97,182,000 for the Interim period.It mainly due to(1)the increased in the sales to customer in Guangxi and Shanxi leads to th

99、e increase of sales of piped natural gas for the Interim period.(2)the stable output volume of the coalbed methane wells in our coalbed methane blocks located in Yangcheng.(ii)The increase in other revenue is mainly due to the receipt of Valued Add Tax refund and other interest income received in cu

100、rrent period.財務回顧本集團於本中期錄得綜合營業額約人民幣97,182,000元，較去年同期增加約16.18%。本中期之本公司權益股東應佔盈利約為人民幣5,358,000元，而上一期間之權益股東應佔虧損則約為人民幣20,167,000元。有關盈利之原因如下：(i)本中期之收益升16.18%至人民幣97,182,000元，主要由於(1)廣西和山西客戶之銷售上升令本中期之管道天然氣銷售增加；(2)位於陽城的煤層氣田的煤層氣井產量穩定。(ii)其他收益及淨收入增加乃由於本中期獲得增值稅退稅及其他利息收入所致。29二零一九年中期報告 中國煤層氣集團有限公司BUSINESS REVIEW A

101、ND DEVELOPMENT PROSPECTSResources and reservesYangcheng Huiyang New Energy Development Company Limited(hereinafter referred to as“Huiyang New Energy”)has interest in certain coalbed methane(CBM)properties located at Shanxi Province,the PRC.The Yangcheng area is approximately 96 km2 in the Shanxi Pro

102、vince,the PRC.Development within the Yangcheng gas block is focused on the#3 and#15 coal seams.These CBM properties are located at various coal mine areas owned by Shanxi Yangcheng Yangtai Group Industrial Company Limited.Huiyang New Energy is a joint venture company and 60%of its equity interests i

103、s held by one of the wholly-owned subsidiaries of the Group.The movements in the reserves of certain CBM properties as of 30 June 2019 are set out below:Reserveevaluationof the CBMpropertiesas at30 June 2019BCFReserveevaluationof the CBMpropertiesas at31 March 2012BCF於二零一八年六月三十日的煤層氣資產儲量評估十億立方英呎於二零一二

104、年三月三十一日的煤層氣資產儲量評估十億立方英呎 Total original gas in place on all blocks所有區塊的原始 天然氣地質總含量2,7242,724Net 1P(Proved)reserves已證實(1P)淨儲量1,41935Net 2P(Proved+Probable)reserves(2P)已證實加概略淨儲量1,869277Net 3P(Proved+Probable+Possible)reserves(3P)已證實加概略加可能 淨儲量2,2822,050 業務回顧及發展前景資源及儲量陽城縣惠陽新能源發展有限公司（下稱 惠陽新能源）於位於中國山西省的若干煤

105、層氣資產擁有權益。陽城地區位於中國山西省，面積約96平方公里。陽城天然氣區塊主要開發3號和15號煤層。該等煤層氣資產位於山西陽城陽泰集團實業有限公司擁有的多個煤礦區域內?；蓐栃履茉礊橐婚g合營企業，其60%股本權益由本集團其中一間全資附屬公司持有。下文載列若干煤層氣資產截至二零一九年六月三十日的儲量變化：CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201930BUSINESS REVIEW AND DEVELOPMENT PROSPECTS(Continued)Resources and reserves(Continued)The reserv

106、e evaluation of the CBM properties as at 31 March 2012 is the results of evaluation conducted by an independent,US-licensed natural gas reserve engineer,Netherland,Sewell&Associates,Inc.(“NSAI”)engaged by the Company in 2011 to evaluate the CBM properties reserves.Due to continued development of the

107、 gas field blocks by the Company,the number and scope of the gas production wells are relatively increased as compared with that of 2012,enabling the Company to collect more data about the CBM properties to evaluate the CBM properties more accurately.Accordingly,the Company engaged an independent pr

108、ofessional valuer in the PRC in July 2014 to evaluate certain CBM properties of“Huiyang New Energy”in terms of net 3P(Proved+Probable+Possible)reserves,net 2P(Proved+Probable)reserves and net 1P(Proved)reserves based on substantially the same definitions and guidelines as that of NSAI in 2012.Accord

109、ing to the results of the evaluation,the total original gas in place on all blocks was generally unchanged as compared with that of NSAI in 2012.Based on the current costs for developing wells,the technical department of the Group estimates the capital expenditure for each well to be approximately R

110、MB1.4 million,mainly comprising of road maintenance fees of approximately RMB0.09 million,drilling expenses of approximately RMB0.86 million,well testing fees of approximately RMB0.04 million and costs of equipment and materials of approximately RMB0.41 million.業務回顧及發展前景（續）資源及儲量（續）二零一二年三月三十一日的煤層氣資產儲

111、量評估是本公司於二零一一年委聘獨立美國持牌天然氣儲量工程師Netherland,Sewell&Associates,Inc.（NSAI）對煤層氣資產儲量的評估結果。由於氣田區塊得到本公司的持續發展，產氣井口數量及範圍比二零一二年相對地提高，這促使本公司能夠搜集更多煤層氣資產的數據，藉此對煤層氣資產作出更準確的評估。所以本公司於二零一四年七月已聘請中國境內之獨立專業評估機構對 惠陽新能源的若干煤層氣資產作出以上對於已證實加概略加可能(3P)淨儲量、已證實加概略(2P)淨儲量和已證實(1P)淨儲量的評估，而評估的定義及指引與二零一二年NSAI之定義及指引大致相同。根據評估的結果，所有區塊的原始天然

112、氣地質總含量與二零一二年NSAI之評估相比大致沒有變動。根據本集團技術部門以目前開發井口成本計算，每一口井的資本支出約人民幣1,400,000元，主要歸類為道路維修費用約人民幣90,000元、鑽井費用約人民幣860,000元、測試井口費用約人民幣40,000元及設備材料費用約人民幣410,000元。31二零一九年中期報告 中國煤層氣集團有限公司BUSINESS REVIEW AND DEVELOPMENT PROSPECTS(Continued)Resources and reserves(Continued)Gas volumes are expressed in billion of cu

113、bic feet(BCF)at standard temperature and pressure bases.The reserves shown in the above table are estimates only and should not be construed as exact quantities.Proved reserves are those quantities of oil and gas which,by analysis of engineering and geoscience data,can be estimated with reasonable c

114、ertainty to be commercially recoverable;probable and possible reserves are those additional reserves which are sequentially less certain to be recovered than proved reserves.Estimates of reserves may increase or decrease as a result of market conditions,future operations,changes in regulations,or ac

115、tual reservoir performance.Natural gas exploration and extractionAs at 30 June 2019,the Group has completed the ground work and drilling of 244 CBM wells,among which 199 wells were in production,representing no change in number of well compared with the number of wells at the end of 2018.It was main

116、ly attributed to the fact that the Company spent part of funds and put certain efforts in stabilizing and increasing the output of producing wells,which,to some extent,has led to slowdown of construction of new wells.The existing gas output wells produce approximately 850 cubic meters of gas on aver

117、age per day.業務回顧及發展前景（續）資源及儲量（續）天然氣儲量乃按標準溫度及壓力以十億立方英呎(BCF)表示。上表所載的儲量僅為估計之數，不應當作實際數量。已證實儲量為透過分析工程及地質數據可合理肯定可作商業性採收而加以估計的石油及天然氣數量；概略及可能儲量為可採收機會依次低於已證實儲量的額外儲量。儲量估計可能因市況、未來營運、監管變動或實際儲層情況而增加或減少。天然氣勘探及開採於二零一九年六月三十日，本集團已完成了244口煤層氣井的地面施工及打井，其中，投產井數目為199口，比二零一八年沒有增加井口數目。此乃主要由於本公司使用了部份資金及致力於穩定及提高生產井產量，以致某程度上減

118、慢了新井的建設?，F有的可出氣井之平均單井出氣量約為每天850立方米。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201932BUSINESS REVIEW AND DEVELOPMENT PROSPECTS(Continued)Marketing and salesDuring the Interim Period,the marketing and sales systems did not change significantly and the personnel structure and sales strategies basica

119、lly remained the same.Affected by overall environment,the sales price during traditional peak periods did not represent a substantial increase as the previous year,by contrast,the sales price took on a descending trend,which,to some extent,has affected the sales performance.Liquidity,Financial Resou

120、rces and Capital StructureAs at 30 June 2019,the Group had net assets of approximately RMB232,230,000,including cash and bank balances of approximately RMB4,631,000.To minimise financial risks,the Group implements stringent financial and risk management strategies and avoids the use of highly-geared

121、 financing arrangements.The Groups gearing ratio,calculated by the Groups total external borrowings divided by its shareholders fund,was approximately 7.03%.The Group is opportunistic in obtaining financing to further improve the cash position given that the natural gas drilling program is capital i

122、ntensive.If the Group has adequate financing in the future(whether it is from internal cash flow due to increased gas sales,or from fund raising),the Group will accelerate the drilling program.Apart from the intended investment in upstream CBM exploration and extraction,the Group does not have any o

123、ther plan for acquisition or investment,disposal or scaling-down of any current business.Interim dividendThe Board does not recommend the payment of an interim dividend for the six months ended 30 June 2019(2018:Nil).業務回顧及發展前景（續）市場營銷及銷售業務於本中期，市場營銷及銷售業務系統並無重大變動及員工結構及銷售策略基本維持一致。受整體經濟環境影響，銷售價格於傳統高峰期並未如

124、往年般大幅上升，相反，銷售價格呈下調的勢頭，某程度上影響銷售表現。流動資金、財務資源及資本結構於 二 零 一 九 年 六 月 三 十 日，本集團的資產淨值約為人民幣232,230,000元，其中包括現金及銀行結存約人民幣4,631,000元。本集團為減低其財務風險，採取謹慎的財務及風險管理策略，盡量避免使用高槓桿比率之融資安排。故此，本集團之資本與負債比率（按本集團對外借貸總額除以其股東資金計算）約為7.03%。由於天然氣打井項目需要大量資金，本集團有可能為進一步改善現金狀況獲得融資。倘本集團於日後擁有充足融資（無論是來自內部現金流量（因天然氣銷量增長）或者來自融資），本集團將加快打井項目進程

125、。除擬於上游煤層氣勘探及開採進行投資外，本集團並無任何其他計劃進行收購事項或投資、出售或縮減目前的任何業務規模。中期股息董事會並不建議於截至二零一九年六月三十日止六個月派付中期股息（二零一八年：無）。33二零一九年中期報告 中國煤層氣集團有限公司BUSINESS REVIEW AND DEVELOPMENT PROSPECTS(Continued)EmployeesAs at 30 June 2019,the Group has an aggregate of 354 employees,of which 18 are research and development staff,199 ar

126、e engineering and customer service staff,115 administrative staff and 22 marketing staff.During the Interim period,the staff cost(including Directors remuneration)was approximately RMB7,999,000(six months ended 30 June 2018:approximately RMB11,602,000).The salary and bonus policy of the Group is pri

127、ncipally determined by the performance of the individual employee.The Group will,on an ongoing basis,provides opportunity for professional development and training to its employees.The Company has also adopted a share option scheme as incentive to Directors and eligible employees,details of the sche

128、me are set out in the paragraph headed“Share Option Scheme”in this report.Risk in Foreign ExchangeThe group entities collect most of the revenue and incur most of expenditures in their respective functional currencies.The Directors consider that the Groups exposure to foreign currency exchange is in

129、significant as the majority of the Groups transactions are denominated in the functional currency of each individual group entity.Significant investment,material acquisitions and disposal of subsidiariesSave as disclosed in this report,the Group did not have any significant investment,material acqui

130、sition and disposal of subsidiaries and associated companies during the Interim Period.業務回顧及發展前景（續）僱員於二零一九年六月三十日，本集團共僱用354名僱員，其中研發人員18名，工程和客服人員199名，行政管理人員115名及市場銷售人員22名。於本中期，員工成本（包括董事酬金）約為人民幣7,999,000元（截至二零一八年六月三十日止六個月：約人民幣11,602,000元）。本集團之薪酬及花紅政策基本上按個別僱員工作表現確定。本集團將按持續方式為僱員提供專業進修與培訓機會。本公司亦已採納一項購股權計劃

131、作為對董事及合資格僱員之獎勵，有關計劃之詳情載於本報告 購股權計劃 一段。外匯風險集團實體各自收取的大部份收益及產生的大部份開支均以其各自的功能貨幣計值。董事認為，由於本集團大部份交易以個別集團實體各自的功能貨幣計值，故本集團所面臨的外匯風險並不重大。重大投資、重大收購及出售附屬公司除本報告所披露者外，本集團於本中期並無任何重大投資、重大收購及出售附屬公司及聯營公司。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201934業務回顧及發展前景（續）前景本公司之上游業務正穩定提升及井口建設及出氣量亦不斷提升。於二零一七年，本公司對若干舊井作出技術升

132、級以改善產能及產量，為本公司長期表現打下穩固基礎。然而未加工天然氣供應短缺問題一直困擾本集團，上游業務之每日出氣量不足以完全釋放液化工廠每日500,000立方米的產能。本集團有見及此，於2017年開始自組研發煤製天然氣項目，更引入中國科學院過程研究所在技術上作指導。截至本報告日，煤製天然氣實驗大致完成，本集團預計於二零一九年第四季度開始試產第一階段日產200,000立方米煤製天然氣，更計劃於二零二零年預計實現日產量至800,000立方米。隨著上游井口及出氣量的數目穩定增加，及煤製天然氣的開發成功，所以，本集團將已於二零一九年重新起動液化天然氣業務，由於本集團的未加工天然氣供應將進一步鞏固及本集

133、團垂直一體化業務的協同優勢將展現，而液化工廠的產能將完全釋放。二零一九年，井口自產天然氣和自產煤製天然氣的穩定供應，本集團將逐漸減少受外來因素影響，而本集團營運中不能控制的風險亦將會減少。BUSINESS REVIEW AND DEVELOPMENT PROSPECTS(Continued)OutlookThe upstream business of the Company is improving steadily and the well construction and gas output are both increasing constantly.During 2017,the

134、Company made technological upgrade to some old wells to improve production capacity and output,laying a solid foundation for the Companys long-term performance.However,the shortage in supply of raw gas kept handicapping the Company.Daily gas output of the upstream business was insufficient to allow

135、the 500,000 cubic meters daily production capacity of liquefaction plants to be fully unleased.In view of this,the Group commenced the R&D on natural gas production by coal in 2017,and invited Institute of Process Engineering under Chinese Academy of Sciences to provide technological guidance.As at

136、the date of this report,the experiment on natural gas production by coal was largely completed.The Group intends to commence the first stage of the project of natural gas production by coal by the forth quarter of 2019 on a pilot basis,with a daily output of 200,000 cubic meters.In addition,the Grou

137、p plans to realize the daily output to 800,000 cubic meters in 2020.The Group also resume its LNG business in 2019,as the number of upstream wells and gas output are both steadily increasing,the group successfully developed natural gas production by coal and LNG price stabilized.The Groups raw gas s

138、upply will be further consolidated and the advantage of vertical integration business will emerge.The production capacity of liquefaction plants will be fully unleashed.In 2019,thanks to the stable supply from self-produced well gas and natural gas production by coal,the Company will be gradually le

139、ss affected by external factors and the uncontrollable risks involved in the operation of the Company will become less.35二零一九年中期報告 中國煤層氣集團有限公司BUSINESS REVIEW AND DEVELOPMENT PROSPECTS(Continued)Outlook(Continued)As there are growing concerns over the environmental issues,it is foreseen that the high

140、ly-polluted energy will be eliminated from the market more rapidly and the use of replaceable clean energy will be more popular,resulting in a keener market demand for natural gas.The demand growth of natural gas market will continue to retain its strong momentum.Management of the Company will spare

141、 no effort in overcoming difficulties and be devoted to making contribution to the Companys profit margin and long-term development.業務回顧及發展前景（續）前景（續）隨著大眾日益關注環境問題，預期高污染能源將更快被市場淘汰，使用可替代潔淨能源將更普及，使天然氣市場需求更殷切，天然氣市場的需求將維持強勁的增長勢頭。本公司管理層將全力克服困難，致力為本公司利潤率及長期發展作出貢獻。CHINA CBM GROUP COMPANY LIMITED INTERIM REPO

142、RT 201936DIRECTORS AND CHIEF EXECUTIVES INTERESTS OR SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURESAs at 30 June 2019,the interests and short positions of the Directors and chief executive of the Company in the shares,underlying shares and debentures of the Company or any of its associat

143、ed corporations(within the meaning of Part XV of the Securities and Futures Ordinance(“SFO”)as recorded in the register required to be kept by the Company under section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the required standard of dealings by dire

144、ctors of listed issuers as referred to in Rule 5.46 of the GEM Listing Rules were as follows:Long positions in shares,underlying shares and debentures of the CompanyNameCapacityNature ofinterestNumber ofordinary shares/underlyingsharesApproximate%of shareholdings姓名身份權益性質普通股份相關股份數目持股概約百分比 Mr.Wang Zho

145、ng Sheng王忠勝先生Interest of controlled corporation受控法團權益Corporate interest公司權益18,118,500(Note 1)（附註1）1.38%Beneficial owner實益擁有人Personal個人470,588,254(Note 2)（附註2）35.66%Mr.Fu Shou Gang付壽剛先生Beneficial Owner實益擁有人Personal個人324,750（Note 3)（附註3）0.02%董事及最高行政人員於股份、相關股份及債券之權益或淡倉於二零一九年六月三十日，按本公司根據證券及期貨條例（證券及期貨條例）

146、第352條規定而存置之登記冊所記錄，或根據GEM上市規則第5.46條所述上市發行人董事進行交易的規定標準已知會本公司及聯交所，董事及本公司最高行政人員在本公司或其任何相聯法團（定義見證券及期貨條例第XV部）的股份、相關股份及債券中之權益及淡倉如下：於本公司股份、相關股份及債券之好倉37二零一九年中期報告 中國煤層氣集團有限公司DIRECTORS AND CHIEF EXECUTIVES INTERESTS OR SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURES(Continued)Long positions in share

147、s,underlying shares and debentures of the Company(Continued)Notes:1.Such shares are owned by Jumbo Lane Investments Limited.Mr.Wang Zhong Sheng owns 100%interest in the issued share capital of Jumbo Lane Investments Limited and he is taken to be interested in the shares owned by Jumbo Lane Investmen

148、ts Limited pursuant to Part XV of the Securities and Futures Ordinance(Chapter 571 of the Laws of Hong Kong).2.Out of the 470,588,254 long positions,Mr.Wang Zhong Sheng is interested as(i)a grantee of options to subscribe for 324,750 shares under the share option scheme adopted by the Company on 18

149、May 2011;(ii)a beneficial owner of 376,121,483 issued shares of the Company;and(iii)a holder of convertible bonds convertible to 94,142,021 conversion shares.3.Mr.Fu Shou Gang is interested as a grantee of options to subscribe for 324,750 shares under the share option scheme adopted by the Company o

150、n 18 May 2011.Mr.Fu resigned on 19 June 2019 as executive director.Save as disclosed above,as at 30 June 2019,none of the Directors or chief executive of the Company had any other interests or short positions in any shares,underlying shares or debentures of the Company or any of its associated corpo

151、rations(within the meaning of Part XV of the SFO)which were required,pursuant to section 352 of the SFO,to be entered in the register referred to therein,or which were otherwise required,pursuant to the required standard of dealings by directors of listed issuers as referred to in Rule 5.46 of the G

152、EM Listing Rules,to be notified to the Company and the Stock Exchange.The Group had not issued any debentures during the Interim Period.董事及最高行政人員於股份、相關股份及債券之權益或淡倉（續）於本公司股份、相關股份及債券之好倉（續）附註：1.該等股份由寶連投資有限公司擁有。王忠勝先生擁有寶連投資有限公司已發行股本之100%權益，根據香港法例第571章證券及期貨條例第XV部，王忠勝先生被視為於寶連投資有限公司擁有之股份中擁有權益。2.王忠勝先生分別以下列形式擁

153、有該470,588,254股股份之好倉：(i)購股權之承授人，擁有可根據本公司於二零一一年五月十八日採納的購股權計劃認購324,750股股份；(ii)實益擁有人，擁有376,121,483股本公司已發行股份；及(iii)可換股債券之持有人，可轉換為94,142,021股換股股份。3.付壽剛先生作為購股權之承授人擁有權益，可根據本公司於二零一一年五月十八日採納的購股權計劃認購324,750股股份。付先生已於二零一九年六月十九日辭任執行董事。除上文披露者外，於二零一九年六月三十日，董事或本公司最高行政人員概無在本公司或其任何相聯法團（定義見證券及期貨條例第XV部）之任何股份、相關股份或債券中擁有根

154、據證券及期貨條例第352條規定而須載入該條例所述登記冊內，或根據GEM上市規則第5.46條所述上市發行人董事進行交易的規定標準而須知會本公司及聯交所之任何其他權益或淡倉。本集團於本中期內並無發行任何債券。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201938SUBSTANTIAL SHAREHOLDERS ANDPERSONS WITH DISCLOSEABLEINTEREST AND SHORT POSITION INSHARES AND OPTIONS UNDER SFOAs at 30 June 2019,the following p

155、ersons(other than the Directors or chief executive of the Company as disclosed above)had an interest or short positions in the shares and underlying shares of the Company as recorded in the register required to be kept by the Company under section 336 of the SFO:Long positions in sharesNameNumber of

156、 sharesNature of InterestApproximatepercentage ofshareholding姓名股份數目權益性質持股概約百分比 Ms.Zhao Xin(Note)趙馨女士（附註）488,706,754Interest of spouse配偶之權益37.04%Note:Ms.Zhao Xin(the spouse of Mr.Wang Zhong Sheng)is deemed to be interested in her spouses interest in the Company pursuant to the SFO.Save as disclosed a

157、bove,as at 30 June 2019,no other person(other than the Directors or chief executive of the Company)had an interest or short positions in the shares and underlying shares of the Company as recorded in the register required to be kept by the Company pursuant to Section 336 of the SFO.主要股東及於股份及購股權擁有根據證

158、券及期貨條例須予披露之權益及淡倉之人士於二零一九年六月三十日，按根據證券及期貨條例第336條規定本公司須予存置之登記冊所記錄，下列人士（已於上文披露之董事或本公司最高行政人員除外）於本公司股份及相關股份擁有權益或淡倉：股份之好倉附註：根據證券及期貨條例，趙馨女士（王忠勝先生之配偶）被視作於本公司擁有其配偶權益之權益。除上文披露者外，按根據證券及期貨條例第336條規定本公司須予存置之登記冊所記錄，於二零一九年六月三十日，並無其他人士（董事或本公司最高行政人員除外）於本公司股份及相關股份中擁有權益或淡倉。39二零一九年中期報告 中國煤層氣集團有限公司DIRECTORS AND CHIEF EXEC

159、UTIVES RIGHTS TO ACQUIRE SHARES OR DEBENTURESApart from as disclosed under the heading“Directors and Chief Executives Interests or Short Positions in Shares,Underlying Shares and Debentures”above and in the section“Share Option Scheme”below,at no time during the Interim Period were rights to acquire

160、 benefits by means of the acquisition of shares in or debentures of the Company granted to any director or their respective spouse or minor children or chief executive or were any such rights exercised by them;or was the Company or any of its subsidiaries a party to any arrangement to enable the dir

161、ectors to acquire such rights in any other body corporate.DIRECTORS AND CONTROLLING SHAREHOLDERS INTERESTS IN COMPETING BUSINESSDuring the period from the Listing Date to the date of this report,the Directors are not aware of any business and interest of the Directors nor the controlling shareholder

162、s of the Company nor any of their respective close associates(as defined in the GEM Listing Rules)that compete or may compete with the business of the Group and any other conflict of interests which any such person has or may have with the Group from 1 January 2019 to the date of this report.董事及最高行政

163、人員購買股份或債券之權利除上文 董事及最高行政人員於股份、相關股份及債券之權益或淡倉及下文 購股權計劃 章節所披露者外，於本中期任何時間，概無授予任何董事或彼等各自之配偶或未成年子女或最高行政人員透過購買本公司股份或債券之方法而獲得利益之權利，而彼等亦無行使任何該等權利；本公司或其任何附屬公司概無訂立任何安排，致使董事可購買任何其他法人團體之該等權利。董事及控股股東於競爭業務之權益於上市日期至本報告日期期間，董事並不知悉董事或本公司控股股東或任何彼等各自之緊密聯繫人士（定義見GEM上市規則）於二零一九年一月一日至本報告日期擁有任何與本集團業務構成或可能構成競爭之業務及權益，亦不知悉任何有關人士

164、與本集團存在或可能存在任何其他利益衝突。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201940SHARE OPTION SCHEMEPursuant to an ordinary resolution passed on 18 May 2011,the Companys share option scheme adopted on 28 July 2003(the“Old Share Option Scheme”)was terminated and a new share option scheme(the“New Share Option

165、 Scheme”)was adopted which will remain in force for a period of 10 years from adoption of the New Share Option Scheme and will expire on 17 May 2021.On 30 May 2011,the Board approved to grant options in respect of 258,300,000 ordinary shares to the Companys directors,employees and consultants under

166、the New Share Option Scheme.There were no share options that had been granted remained outstanding under the Old Share Option Scheme prior to its termination.For details of the New Share Option Scheme,please refer to the circular of the company dated 20 April 2011.購股權計劃根據於二零一一年五月十八日通過的普通決議案，本公司於二零零三

167、年七月二十八日採納的購股權計劃（舊購股權計劃）已告終止，及新的購股權計劃（新購股權計劃）已被採納，並將自採納新購股權計劃起十年期間內持續有效，並將於二零二一年五月十七日屆滿。於二零一一年五月三十日，董事會批準根據新購股權計劃授予本公司董事、僱員及顧問購股權以認購258,300,000股普通股。於舊購股權計劃終止前，已無根據其授出但尚未行使的購股權。有關新購股權計劃之詳情，請參閱本公司日期為二零一一年四月二十日之通函。41二零一九年中期報告 中國煤層氣集團有限公司SHARE OPTION SCHEME(Continued)Information in relation to share opti

168、ons during the Interim Period disclosed in accordance with the GEM Listing Rules was as follows:Name andcategory ofparticipantsAs at1 January2019Grantedduring theperiodExercisedduring theperiodCancelled/lapsedduring theperiodAs at30 June2019Date ofgrant ofshare optionsExerciseperiod ofshare optionsE

169、xerciseprice ofper shareas at the dateof grant ofshare optionsAdjustedexerciseprice pershare option參與者姓名及類別於二零一九年一月一日期內已授出期內已行使期內已註銷失效於二零一九年六月三十日購股權授出日期購股權行使期於購股權授出日期之每股行使價每份購股權之經調整行使價 Executive Directors 執行董事Mr.Wang Zhong Sheng王忠勝先生324,750324,75030/5/201130/5/201129/5/20210.4953.81Mr.Fu Shou Gang*付

170、壽剛先生324,750324,75030/5/201130/5/201129/5/20210.4953.81 649,500649,500Employees僱員5,486,9765,486,97630/5/201130/5/201129/5/20210.4953.81Consultants顧問25,982,59825,982,59830/5/201130/5/201129/5/20210.4953.81 32,119,07432,119,074 *Mr.Fu resigned on 19 June 2019 as executive director.購股權計劃（續）於本中期，根據GEM上市規

171、則所披露有關購股權的資料如下：付先生已於二零一九年六月十九日辭任執行董事。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201942SHARE OPTION SCHEME(Continued)Notes:(i)The terms and conditions of the grants that existed during the Interim Period are as follows:Number of options購股權數目Vesting conditions歸屬條件RemainingContractuallife of option

172、s購股權合約剩餘年期 Options granted:已授出購股權：30 May 2011二零一一年五月三十日215,220,000Vest immediately即時歸屬10 years10年30 May 201143,080,000Half on each of the first and second anniversaries of grant date10 years二零一一年五月三十日授出日期之首個及 第二個週年日每次一半10年(ii)The number and weighted average exercise prices of options are as follows:

173、Weighted averageexercise price加權平均行使價Number ofoptions購股權數目HK$港元 Outstanding as at 1 January 2019於二零一九年一月一日未行使3.8132,119,074Granted during the period期內已授出Outstanding as at 30 June 2019於二零一九年六月三十日未行使3.8132,119,074Exercisable as at 30 June 2019於二零一九年六月三十日可行使3.8132,119,074The options outstanding as at 3

174、0 June 2019 had an exercise price of HK$3.81 and a weighted average remaining contractual life of 2.0 years.購股權計劃（續）附註：(i)本中期存續之授出條款及條件如下：(ii)購股權之數目及加權平均行使價如下：於二零一九年六月三十日之未行使購股權之行使價為3.81港元，加權平均合約剩餘年期為2.0年。43二零一九年中期報告 中國煤層氣集團有限公司SHARE OPTION SCHEME(Continued)As at the date of this Report,the total nu

175、mber of shares available for issue under the New Share Option Scheme was 32,119,074 ordinary shares,representing approximately 2.43%of the issued shares of the Company.The subscription price per share under the New Share Option Scheme is solely determined by the Board,and shall be at least the highe

176、r of:(i)the closing price of the shares as stated in the Stock Exchanges daily quotation sheet on the date of offer to grant option,which must be a business day;(ii)the average of the closing prices of the shares as stated in the Stock Exchanges daily quotations sheets for the 5 business days immedi

177、ately preceding the date of offer to grant option;and(iii)the nominal value of a share on the date of offer to grant option,provided that in the event of fractional prices,the subscription price per share shall be rounded upwards to the nearest whole cent.CONTINGENT LIABILITIESAs at 30 June 2019,the

178、 Group had no material contingent liabilities.AMOUNT OF CAPITALISED INTERESTSave as disclosed in this report,no interest has been capitalised by the Group during the Interim Period.FUTURE PLANS FOR MATERIAL INVESTMENTS OR CAPITAL ASSETSThe Group did not have other plans for material investments and

179、capital assets as at 30 June 2019 and 31 December 2018.購股權計劃（續）於 本 報 告 日 期，新 購 股 權 計 劃項 下 可 供 發 行 之 股 份 總 數 為32,119,074股普通股，佔本公司已發行股份約2.43%。新購股權計劃項下之每股認購價由董事會全權釐定，並最少須為以下列三者中之較高者：(i)股份於授出購股權之要約日期（必須為營業日）在聯交所每日報價表所報之收市價；(ii)股份於緊接授出購股權之要約日期前五個營業日在聯交所每日報價表所報之平均收市價；及(iii)於授出購股權之要約日期之股份面值，惟倘出現零碎股價，每股認購價須

180、上調至最接近之一整仙?；蛉回搨抖阋痪拍炅氯?，本集團並無重大或然負債。已撥充資本之利息金額除本報告所披露者外，本集團於本中期並無將任何利息撥充資本。有關重大投資或資本資產之未來計劃於二零一九年六月三十日及二零一八年十二月三十一日，本集團並無有關重大投資及資本資產之其他計劃。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201944CHARGES ON GROUP ASSETSAs at 30 June 2019,bank borrowings of RMB30,000,000 were secured by the Groups excl

181、usive right for piped natural gas operation in Beiliu City,Guangxi Zhuang Autonomous Region.EVENTS AFTER BALANCE SHEET DATEAs from 30 June 2019 to the date of this report,save as disclosed in this report,the Board is not aware of any significant events requiring disclosure that have occurred.CONVERT

182、IBLE SECURITIES,WARRANTS OR SIMILAR RIGHTSAs at 30 June 2019,the Company had outstanding convertible bonds convertible to 94,145,021 conversion shares and outstanding options to subscribe for 32,119,074 Shares under the share option scheme adopted on 18 May 2011.Details of New Share Option Scheme ar

183、e set out in pages 41to 44 of this report.PRE-EMPTIVE RIGHTSThere is no provision for pre-emptive rights under the Companys bye-laws,or the laws of Bermuda,which would oblige the Company to offer new shares on a pro-rata basis to existing shareholders.PURCHASE,SALE OR REDEMPTION OF THE COMPANYS LIST

184、ED SECURITIESDuring the Interim Period,neither the Company nor any of its subsidiaries purchased,sold or redeemed any of the listed securities of the Company nor any or its subsidiaries.集團資產抵押於二零一九年六月三十日，人民幣30,000,000之銀行借貸乃由本集團之中國廣西壯族自治區北流市經營管道天然氣業務之獨家權利抵押。結算日後事項於二零一九年六月三十日至本報告日期，除本報告所披露者外，董事會並不知悉任何

185、已發生而須予披露之重大事項?？蓳Q股證券、認股權證或類似權利於二零一九年六月三十日，本公司 尚 存 可 轉 換 為 94,145,021股換股股份的未轉換可換股債券以及於二零一一年五月十八日採納之購股權計劃項下可認購32,119,074股股份的仍未行使購股權。新購股權計劃的詳情載於本報告第41至44頁。優先購買權本公司之公司細則或百慕達法例並無訂有有關優先購買權之條文，規定本公司須向現有股東按比例提呈發售新股份。購買、出售或贖回本公司上市證券於本中期，本公司或其任何附屬公司概無購買、出售或贖回本公司或其任何附屬公司之任何上市證券。45二零一九年中期報告 中國煤層氣集團有限公司COMMITMENT

186、SDetails of the commitments of the Group at 30 June 2019 are set out in note 13 to the unaudited condensed consolidated financial statements.AUDIT COMMITTEEThe Company established an audit committee with written terms of reference in compliance with the GEM Listing Rules on 28 July 2003.The primary

187、duties of the audit committee are,among others,to review and oversee the financial reporting principles and practices adopted as well as internal control procedures and issues of the Group.It also reviews quarterly,interim and the final results of the Group prior to recommending the same to the Boar

188、d for consideration.Reference is made to the poll results of the AGM held on Monday,27 May 2019,following the retirement of Mr.Luo Wei Kun,the Company has(i)two independent non-executive Directors,which results in the current number of independent non-executive Directors falling below the minimum nu

189、mber required under Rule 5.05(1)and Rule 5.05A of the Rules Governing the Listing of Securities on GEM(the“GEM Listing Rules”);(ii)two Audit Committee members,which results in the current number of Audit Committee members falling below the minimum number required under Rule 5.28 of the GEM Listing R

190、ules;and(iii)the vacancies of Remuneration Committee and the Nomination Committee.承擔本集團於二零一九年六月三十日之承擔詳情載於未經審核簡明綜合財務報表附註13。審核委員會本 公 司 已 於 二 零 零 三 年 七 月二十八日遵照GEM上市規則，成立審核委員會並書面列明其職權範圍。審核委員會之主要職責為（其中包括）審閱及監察本集團之財務申報原則及所採納之慣例，以及內部監控程序及事宜，並負責於向董事會提呈考慮前，先行審閱本集團的季度、中期及全年業績。茲提述於二零一九年五月二十七日（星期一）舉行之股東週年大會，於羅維

191、崑先生退任後，本公司擁有(i)兩名獨立非執行董事，其將導致獨立非執行董事之目前人數低於GEM證券上市規則（GEM上市規則）第5.05(1)及5.05A條所規定之最少人數；(ii)兩名審核委員會成員，其將導致審核委員會成員之目前人數低於GEM上市規則第5.28條規定之最少人數；及(iii)薪酬委員會及提名委員會各自之成員空缺。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201946The Board is currently identifying suitable candidate(s)to fill the vacancies of the

192、 independent non-executive Director,a member of Remuneration Committee and the Nomination Committee and a member of the Audit Committee and will ensure that the suitable candidate(s)will be appointed as soon as practicable to ensure compliance by the Company with Rule 5.05(1),Rule 5.05A and Rule 5.2

193、8 of the GEM Listing Rules.The Company will release further announcement(s)as and when appropriate.The audit committee comprises of the two independent non-executive Directors,namely Mr.Wang Zhi He and Mr.Lau Chun Pong(Chairman of the audit committee).During the Interim Period,the audit committee ha

194、s held two meeting.The Groups unaudited consolidated results for the Interim Period have been reviewed and commented by the audit committee members.In order to maintain a high quality of Corporate Governance,the audit committee concluded that the Group has employed sufficient staff for the purpose o

195、f accounting,financial and internal control.董事會目前正物色合適人選以填補獨立非執行董事，薪酬委員會，提名委員會及審核委員會成員之空缺，並將確保於實際可行情況下盡快委任合適人選，以確保本公司遵守GEM上市規則第5.05(1)、5.05A及5.28條。本公司將於適當時候作出進一步公告。審核委員會由二名獨立非執行董事王之和先生及劉振邦先生（審核委員會主席）所組成。於本中期，審核委員會曾舉行兩次會議，而本集團於本中期之未經審核綜合業績已由審核委員會成員審閱及提供意見。為了維持高質素的企業管治，審核委員會認為，本集團已聘用足夠的員工處理會計、財務及內部監控之

196、工作。47二零一九年中期報告 中國煤層氣集團有限公司CORPORATE GOVERNANCEDuring the Interim Period,save as disclosed below,the Group has complied with the code provisions in the Corporate Governance Code and the Corporate Governance Report set out in Appendix 15 to the GEM Listing Rules(“HKSE Code”).Under code provision A.4.1

197、 of the HKSE Code,non-executive directors should be appointed for specific terms,subject to re-election,Currently,the independent non-executive Directors have no set term of office but are subject to retirement by rotation at annual general meetings of the Company in accordance with the Companys bye

198、-laws.The Board considers the current arrangement will allow flexibility to the Board in terms of appointment of Directors.Under code provision A.2.1 of the HKSE Code,the roles of chairman and the chief executive should be separate and should not be performed by the same individual.The Company does

199、not have any officer with the title of“chief executive”.This deviates from the code provision A.2.1 of the HKSE Code.Mr.Wang Zhong Sheng,who acts as the chairman of the Company,is also responsible for overseeing the general operations of the Group.The Board will meet regularly to consider major matt

200、ers affecting the operations of the Group.The Board considers that this structure will not impair the balance of power and authority between the Board and the management of the Company.The roles of the respective executive Directors and senior management who are in charge of different functions comp

201、lement the role of the chairman and chief executive officer.The Board believes that this structure is conducive to strong and consistent leadership which enables the Group to operate efficiently.企業管治於本中期，除下文披露者外，本集團已遵守GEM上市規則附錄十五所載 企業管治守則 及 企業管治報告（聯交所守則）的守則條文。根據聯交所守則之守則條文第A.4.1條，非執行董事應有固定任期，並須接受重選。目

202、前，獨立非執行董事並無固定任期，惟須根據本公司之公司細則於本公司股東週年大會上輪值告退。董事會認為，現行安排將對董事會委任董事提供靈活性。根據聯交所守則之守則條文第A.2.1條，主席與行政總裁之角色應有區分，不應由一人同時兼任。本公司並無任何職位為 行政總裁之高級職員，此舉偏離聯交所守則之守則條文第A.2.1條。王忠勝先生擔任本公司主席，亦負責監督本集團日常運作。董事會將定期召開會議，以考慮影響本集團營運之重大事宜。董事會認為此架構不會對董事會與本公司管理層間之權力及權責均衡構成損害。各執行董事及負責不同職能之高級管理層之角色與主席及行政總裁之角色相輔相成。董事會相信，此架構有利於建立鞏固而連

203、貫之領導，讓本集團有效營運。CHINA CBM GROUP COMPANY LIMITED INTERIM REPORT 201948CORPORATE GOVERNANCE(Continued)The Company understands the importance to comply with the code provision A.2.1 of the HKSE Code and will continue to consider the feasibility of appointing a separate chief executive.The Company will ma

204、ke timely announcement if the chief executive has been appointed.The Company has adopted a code of conduct regarding securities dealings by Directors as set out in Rules 5.48 to 5.67 of the GEM Listing Rules.Having made specified enquiry of all Directors,the Company was not aware of any non-complian

205、ce with such code of conduct during the Interim Period.The Company has received from each of the independent non-executive Directors a confirmation of their independence pursuant to Rule 5.09 of the GEM Listing Rules.The Company considers all of its independent non-executive Directors are independen

206、t.By order of the BoardWang Zhong ShengChairmanChina,13 August 2019As at the date hereof,the executive Directors are Mr.Wang Zhong Sheng and Mr.Chang Jian,the non-executive Directors are Mr.Wang Chen,Mr.Liang Feng and Mr.Wu Kun,and the independent non-executive Directors are Mr.Lau Chun Pong and Mr.

207、Wang Zhi He.企業管治（續）本公司知悉遵守聯交所守則之守則條文第A.2.1條之重要性，並將繼續考慮另行委任行政總裁之可行性。倘行政總裁已獲委任，本公司將適時作出公佈。本公司已採納GEM上市規則第5.48至5.67條有關董事進行證券交易的操守守則。本公司經向所有董事作出特定查詢後，並不知悉有任何董事於本中期內未有遵守該操守守則。本公司已接獲各獨立非執行董事根據GEM上市規則第5.09條作出彼等獨立身份之確認。本公司認為其全體獨立非執行董事均為獨立人士。承董事會命主席王忠勝中國，二零一九年八月十三日於本報告日期，執行董事為王忠勝先生及常建先生，非執行董事為王琛先生，梁峰先生及鄔昆先生，以及獨立非執行董事為劉振邦先生及王之和先生。China CBM Group Company Limited(於開曼群島註冊成立並在百慕達繼續營業之有限公司)(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)