China Resources Gas (01193) Announces Interim Results Profit attributable to shareholders of HK$2,429 billion, up 1.0% year over year

According to the Zhitong Finance App, China Resources Gas (01193) announced interim results for the six months ended June 30, 2026, with revenue of HK$53.381 billion, up 5.2% year on year; profit attributable to company owners was HK$2,429 billion, up 1.0% year on year; basic profit per share was HK$1.06. It is proposed to pay an interim dividend of HK30 cents per share.

According to the announcement, the Group achieved a turnover of HK$53.381 billion in the first half of 2026, an increase of 5.2% over the previous year. The share of connected business revenue fell from 5.6% in the first half of 2025 to 4.7% in the first half of 2026. The Group believes that there will be room for continuous optimization of the revenue structure in the future, and the Group is confident that it will maintain high quality and sustainable development in the future.

During the period, adhering to the enterprising spirit of pursuing excellence, the Group formulated the annual management theme of “Learn Benchmarks, Improve Quality and Efficiency, and Start a New Journey”, actively target first-class enterprises in the industry, efficiently promote the improvement of the quality of business operations, lay out intelligent operations to continuously improve efficiency, and continuously consolidate the Group's core advantages in the urban gas market in developed economic regions.

In the first half of 2026, the Group continued to improve its gas source coordination capabilities; the overall scale exceeded 4.1 billion square meters, an increase of 17% over the previous year, and obtained 400 million square meters of unconventional resources; upgraded the gas cooperation network and gas source coordination platform, with more than 1,582 registered customers, and the transaction volume exceeded 6.9 billion square meters, an increase of 185% over the previous year.

In the first half of 2026, the Group sold a total of 20.86 billion cubic meters of natural gas, of which industrial gas sales reached 9.69 billion cubic meters, up 2.5%, accounting for 46.5% of the Group's gas sales; commercial gas sales reached 4.68 billion cubic meters, a decrease of 4.0%, accounting for 22.4% of the Group's gas sales; while residential gas sales reached 6.12 billion cubic meters, an increase of 2.0%, accounting for 29.3% of the Group's gas sales.