Yin Fugang, deputy general manager of the city gas company Binhai Investment (2886.HK), said in an interview that natural gas prices have been high in the past few years. As supply and demand gradually relax, natural gas prices will fall somewhat this year. I am confident that the company's gross margin performance this year is superior to last year; in terms of total gas sales, the goal is to achieve double-digit growth this year. Yin Fugang mentioned that in recent years, urban gas companies have faced challenges such as high upstream prices, poor downstream smooth pricing mechanisms, and surging safety management costs, and revenue and profits are under pressure. However, now international production capacity has increased significantly. Coupled with LNG (liquefied natural gas) mining and related infrastructure, natural gas prices are declining, which will benefit terminal use. He is optimistic about the cycle of the next few years, and “another spring is here” for urban gas companies. Yin Fugang said that the gradual recovery of China's economy after the epidemic and the decline in natural gas prices at the same time helped drive gas sales. In the longer term, some estimates indicate that in the process of carbon peaking, mainland natural gas consumption may double, and the industry is quite prosperous; even after the carbon peak passes, natural gas will benefit from its stability and will become an important partner energy source for new energy sources.