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TIANLUN GAS Profit Margin Rises Steadily Gross Margin 30.0% 25.4% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 2017H1 Gross Margin of Gas Sales 26.2% 18.0% 14.0% 15.0% 12.0% 9.0% 6.0% 3.0% 0.0% 2018H1 2017H1 Gross Margin of Connection Adjusted Net Margin 14.2% 2018H1 RC 1997-2017 享受成长 75.0% 67.0% 16.0% 65.4% 14.0% 13.1% 60.0% 12.0% 45.0% 8.0% 30.0% 4.0% 15.0% 0.0% 0.0% 2017H1 2018H1 2017H1 2018H1 17

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