CHINA GAS INDUSTRY Investment HOLDINGS CO. LTD. has been in operation since 2007, and according to the Frost & Sullivan report, the group was the second largest industrial gas supplier in the Beijing-Tianjin-Hebei region in terms of revenue in 2019. The Beijing-Tianjin-Hebei region includes Beijing, Tianjin, and Hebei. It is the largest urbanized urban metropolitan area in North China, and the leading regional market for industrial gases in terms of revenue in terms of revenue. According to Frost & Sullivan's report, the Beijing-Tianjin-Hebei regional industrial gas market accounted for about 17.3% of China's total industrial gas market in 2019 based on revenue. In terms of revenue, with the exception of the steel industry, which has the largest industrial gas consumption in the Beijing-Tianjin-Hebei region, chemicals, other chemicals, and electronic products have the greatest demand for industrial gases in the Beijing-Tianjin-Hebei region. As a result, industrial gas suppliers have great potential for development and growth in the Beijing-Tianjin-Hebei region for the three years ending December 31, 2019 and the six-month period ending June 30, 2020, and up to October 20, 2020. The Group mainly engages in the supply of industrial gases and liquefied industrial gases for the pipeline industry. The Group also operates relatively small liquefied natural gas-related businesses, including the supply of liquefied natural gas and the provision of gas transportation services.
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