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Tianjin Tianbao Energy Co., Ltd. Class H ( (HK:1671) ) just unveiled an announcement.
Tianjin Tianbao Energy has issued a supplemental announcement detailing the pricing policy for natural gas procured by its unit Lingang Thermal Power from two connected suppliers under existing long-term contracts. The company clarifies that key terms, including minimum monthly consumption penalties and composite price calculations, are largely determined by the suppliers and follow prevailing market practice for first-tier customers.
Under the disclosed terms, if Lingang Thermal Power fails to meet the agreed minimum monthly gas volume, it must pay a penalty equal to 20% of the composite gas price on the shortfall, a rate applied uniformly to all first-tier customers of Natural Gas Supplier A. The composite price is calculated as a weighted average of a fixed-price portion set unilaterally by the supplier and a floating portion indexed to the China LNG Delivered price, and the board considers these terms to be on normal commercial terms and in the interests of the company and its shareholders.
More about Tianjin Tianbao Energy Co., Ltd. Class H
Tianjin Tianbao Energy Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong that operates in the energy sector, with a focus on natural gas procurement and related power generation through subsidiaries such as Lingang Thermal Power. The company relies on contracted natural gas suppliers and market-linked pricing mechanisms to support its fuel needs and energy supply commitments.
Average Trading Volume: 526,130
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$113.5M
Find detailed analytics on 1671 stock on TipRanks’ Stock Analysis page.