For each of FY2020, FY2021, FY2022 and 1H2023, apart from the Jinma Group, we have 6, 3, 4, 1 major customers that were also our suppliers and vice versa with the same year.
Business · 第 221 页
During the Track Record Period, our purchases of crude benzene from Pingmei Shenma and our sales of pure benzene to Pingmei Shenma are due to business dealings between different subsidiaries within Pingmei Shenma and our Group.
Business · 第 224 页
We procure LNG from third-party LNG suppliers, which include Luoyang Quan’an and Yangcheng Deshao, if (i) price spread against the selling price is considered favourable to the Group; and (ii) our production volume for LNG is unable to meet the demand for LNG.
For the years ended 31 December 2020, 2021 and 2022, engineering construction services provided to such bureau amounted to approximately RMB12.7 million, RMB19.7 million and nil, respectively. There was no gross profit generated in these transactions since the transactional amounts represented actual expenses which had been/will be subsequently reimbursed by such bureau.
Business · 第 284 页
According to the heat service facilities leasing arrangements, we shall pay RMB9.5 million to such bureau each year.
Business · 第 284 页
Our Directors have also confirmed that the engineering construction services and leasing arrangements were conducted in the ordinary course of our concession operation under normal commercial terms and on an arm's length basis.