Hongtong Gas (605169.SH) announced semi-annual results, with net profit of 98.96 million yuan to mother, an increase of 35.77% over the previous year

According to Zhitong Finance App News, Hongtong Gas (605169.SH) disclosed the 2026 semi-annual report. During the reporting period, the company achieved operating income of 1,335 billion yuan, a year-on-year decrease of 10.20%; net profit attributable to shareholders of listed companies was 98.96 million yuan, an increase of 35.77% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 97.93 million yuan, an increase of 36.68% year on year; basic earnings per share were 0.3571 yuan.

Revenue decreased compared to the same period last year, mainly due to the slump in the domestic LNG market in the first quarter, and the year-on-year decline in prices suppressing current revenue; in the second quarter, the geopolitical conflict in the Middle East led to a rapid rise in domestic LNG prices, and some price-sensitive end customer purchases tended to wait and see, causing sales to decline. Although prices also rose rapidly in the short term, the negative impact of the decline in sales on revenue was greater than the positive impact of price increases on revenue. The combination of the above reasons led to a decline in operating income in half a year.

Total profit, net profit attributable to shareholders of listed companies, net profit attributable to shareholders of listed companies, basic earnings per share, and basic earnings per share after deducting non-recurring profit and loss increased over the same period of the previous year. The main reason was that the geopolitical conflict in the Middle East in the second quarter stimulated a rapid short-term rise in product prices, and that the increase in products was greater than the increase in raw gas, and that the raw gas that the company locked in before the price increase of raw gas contributed a high gross profit during this period.