Core Viewpoint - Citi has downgraded the target price for China Resources Gas (01193) from HKD 28.5 to HKD 21, reflecting a negative outlook on the company's performance due to industry challenges and weak earnings forecasts for the fiscal years 2025 to 2027 [1] Financial Performance - The company's earnings for the first half of the year were weak, primarily impacted by cyclical headwinds in the core gas business, which accounts for 74% of EBIT, and significantly underperforming comprehensive service business (CSB) [1] - Earnings per share forecasts have been reduced by 15%, 7%, and 3% for the fiscal years 2025, 2026, and 2027 respectively [1] Dividend Policy - Although the interim dividend has increased year-on-year, management has not committed to raising the full-year dividend [1] Market Position - Despite the negative performance, the stock has shown relative weakness this year, which has largely reflected the challenges faced by the industry [1] - The company maintains a recovery potential, leading to a "outperform" rating despite the downgrade in target price [1]

上半年，集团共销售207.6亿立方米天然气，其中工业销气量取得94.5亿立方米，下降2.2%，占集团销 气量的45.5%；商业销气量取得48.8亿立方米，下降2.6%，占集团销气量的23.5%；而居民销气量取得 60.0亿立方米，增长4.2%，占集团销气量的28.9%。 华润燃气(01193)涨超5%，截至发稿，涨5.09%，报20.02港元，成交额1.88亿港元。 消息面上，华润燃气发布2025年中期业绩，营收497.85亿港元，同比下降4.4%；公司拥有人应占溢利 24.03亿港元，同比下降30.5%；每股基本盈利1.05港元，拟派中期股息每股30港仙，上年同期派25港 仙，同比增长20%。 ...

智通财经APP获悉，华润燃气(01193)涨超5%，截至发稿，涨5.09%，报20.02港元，成交额1.88亿港元。 上半年，集团共销售207.6亿立方米天然气，其中工业销气量取得94.5亿立方米，下降2.2%，占集团销 气量的45.5%；商业销气量取得48.8亿立方米，下降2.6%，占集团销气量的23.5%；而居民销气量取得 60.0亿立方米，增长4.2%，占集团销气量的28.9%。 消息面上，华润燃气发布2025年中期业绩，营收497.85亿港元，同比下降4.4%；公司拥有人应占溢利 24.03亿港元，同比下降30.5%；每股基本盈利1.05港元，拟派中期股息每股30港仙，上年同期派25港 仙，同比增长20%。 ...

Major Events - Sihuan Pharmaceutical Holdings Group Ltd. successfully administered the first human dose of the new radiopharmaceutical conjugate drug 3D1015 [1] - Shenzhen International's joint venture Shenzhen Airlines plans to raise a total of 16 billion yuan in a phased capital increase [1] - Kangzheng Pharmaceutical received clinical trial approval for its innovative oral small molecule JAK1 inhibitor Povorcitinib for indications of vitiligo and suppurative hidradenitis [1] - Ruihe Digital signed a framework agreement with Tielin Superlight Technology to jointly advance the business of real-world asset tokenization [1] - Zhongxu Future will operate and launch a new mobile game "Miracle MU" titled "New Moon Continent" [1] Financial Performance - Noah Holdings reported a net profit attributable to shareholders of 179 million yuan for Q2, a year-on-year increase of 79% driven by strong growth in investment product distribution [1] - Trip.com Group reported a net profit of 4.846 billion yuan for Q2, an increase of 26.43% year-on-year [1] - Shijiazhuang Pharmaceutical Group announced a mid-year profit attributable to equity holders of approximately 283.5 million HKD, a year-on-year decrease of about 58.7% [1] - Zhongsheng Holdings reported a mid-year profit attributable to shareholders of 1.011 billion yuan, a decrease of 36% year-on-year [1] - SF Express City reported an adjusted net profit of approximately 160 million yuan, a year-on-year increase of 139% [1] - Baidu's subsidiary reported a mid-year profit attributable to shareholders of 47.999 million yuan, returning to profitability [1] - Li Auto reported a net profit of 1.093 billion yuan for Q2, a decrease of 0.91% year-on-year [1] - Shanghai Industrial Holdings reported a mid-year profit attributable to shareholders of 1.042 billion HKD, with an interim dividend of 0.42 HKD per share [1] - Beijing Holdings reported a mid-year profit attributable to shareholders of 3.404 billion yuan, an increase of 8.07% year-on-year [1] - Qingdao Port reported a net profit of 2.842 billion yuan, a year-on-year increase of 7.58% [1] - New China Life Insurance reported a net profit of 14.799 billion yuan, a year-on-year increase of 33.5% [1] - China Galaxy Securities reported a net profit of 6.488 billion yuan, a year-on-year increase of 47.86% [1] - China Taiping reported a 12.2% increase in shareholder profit, with a nearly 23% high growth in life insurance new business value [1] - China Resources Gas reported a mid-year profit attributable to shareholders of 2.403 billion HKD, a year-on-year decrease of 30.5% [1] - SF Holding reported a net profit of 5.738 billion yuan, a year-on-year increase of 19.37%, with volume growth exceeding the overall express delivery industry [1] - SMIC reported a net profit of approximately 320 million USD, a year-on-year increase of 35.6% [1] - SenseTime reported a revenue growth of 35.6% year-on-year, reaching 2.358 billion yuan [1] - BeiGene reported a net profit of 95.59 million USD, returning to profitability [1] - Fubo Group reported a mid-year net profit exceeding 100 million, driven by AI [1] - CITIC Securities reported a net profit of 13.719 billion yuan, a year-on-year increase of 29.79% [1] - Huadian International Power reported a net profit of 3.904 billion yuan, a year-on-year increase of 13.15% [1] Additional Financial Performance - Zhou Hei Ya reported a mid-year profit attributable to shareholders of 108 million yuan, a year-on-year increase of 228% [2] - Haitian Flavoring reported a net profit of 3.91 billion yuan, a year-on-year increase of 13.3% [2] - Dasheng Holdings reported a mid-year adjusted net profit growth of 79.6% driven by store expansion and membership growth [2] - CITIC Securities reported a net profit of 4.509 billion yuan, a year-on-year increase of 57.77% [2] - Huitongda reported a mid-year profit attributable to shareholders of 13.9 million yuan, a year-on-year increase of 10.81% [2] - Yunfeng Financial reported a mid-year profit attributable to shareholders of 486 million HKD, a year-on-year increase of 142.04% [2] - Jiufang Zhitu reported a mid-year profit attributable to shareholders of 865 million yuan, returning to profitability [2] - Air China reported a net loss of approximately 1.806 billion yuan, a year-on-year narrowing of 35.11% [2] - ZTE reported a net profit of approximately 5.058 billion yuan, a year-on-year decrease of 11.77% [2] - China Merchants Securities reported a net profit of 5.186 billion yuan, a year-on-year increase of 9.23% [2] - Datang Power reported a net profit of approximately 4.874 billion yuan, a year-on-year increase of 50.3% [2] - China Pacific Insurance reported a net profit of 27.885 billion yuan, a year-on-year increase of 11% [2] - Beijing Capital International Airport reported a post-tax loss of 164 million yuan, a year-on-year narrowing of 56.48% [2] - Dongguan Rural Commercial Bank reported a mid-year net profit of 2.629 billion yuan [2] - Shenzhen Holdings reported a mid-year loss attributable to shareholders of 2.618 billion HKD, a year-on-year increase of 137.76% [2] - China Southern Airlines reported a net loss of 1.534 billion yuan, a year-on-year increase of 45.54% [2] - COSCO Shipping Holdings reported a profit attributable to shareholders of 17.528 billion yuan, a year-on-year increase of 3.9% [2] - Guofu Hydrogen Energy reported revenue of 10.9 million yuan, actively expanding overseas cooperation and business layout [2] - Kangsheng Global reported a mid-year gross profit of 197 million yuan, with stable progress across all businesses [2] - Dongfang Electric reported a net profit of 1.91 billion yuan, a year-on-year increase of 12.91%, maintaining the industry's leading market share in nuclear and gas power [2] - Eagle Eye Technology reported a profit of 443,000 yuan, returning to profitability [2] - Haier Smart Home reported a profit attributable to shareholders of 12.033 billion yuan, a year-on-year increase of 15.6% [2] - EDA Group Holdings reached a partnership agreement with UTCPAY to collaborate in digital asset trading, Web3 technology, and blockchain applications [2] - Gilead Sciences reported that ASC30 oral tablets showed good and differentiated pharmacokinetic characteristics in the U.S. Phase Ib multi-dose escalation study [2]

2025年上半年，集团新开发居民用户83.1万户，其中：新房接驳用户66.7万户，旧房接驳用户16.4万 户。 格隆汇8月28日丨华润燃气(01193.HK)公布中期业绩，2025年上半年，实现营业额497.9亿港元，同比下 降4.4%。接驳业务营收占比从2024年上半年5.8%下降至2025年上半年5.6%，公司拥有人应占溢利为 24.03亿港元，同比减少30.5%，每股基本盈利1.05港元。2025年上半年，集团经营性现金流为30.1亿港 元，保持高品质经营质量。董事议决派付中期股息每股30港仙。 2025年上半年，集团持续提升气源统筹能力；统筹规模超35亿方，同比增长100%，获取2.0亿方非常规 资源；不断提升气源保障能力，集团储气能力提升至3.75%；推动资源获取能力提升的同时进一步提升 集团保供能力。2025年上半年，集团共销售207.6亿立方米天然气，其中工业销气量录得94.5亿立方米， 下降2.2%，占集团销气量的45.5%；商业销气量录得48.8亿立方米，下降2.6%，占集团销气量的 23.5%；而居民销气量录得60.0亿立方米，增长4.2%，占集团销气量的28.9%。 2025年上半年，综 ...

每经AI快讯，8月28日，华润燃气(01193.HK)在港交所发布中期业绩报告，期内收入497.85亿港元，同 比下降4.4%；净利润24.03亿港元，同比下降30.5%。 （文章来源：每日经济新闻） ...

华润燃气(01193)发布2025年中期业绩，营收497.85亿港元，同比下降4.4%;公司拥有人应占溢利24.03亿 港元，同比下降30.5%;每股基本盈利1.05港元，拟派中期股息每股30港仙。 2025年上半年，集团持续提升气源统筹能力;统筹规模超35亿方，同比增长100%，获取2.0亿方非常规资 源;不断提升气源保障能力，集团储气能力提升至3.75%;推动资源获取能力提升的同时进一步提升集团 保供能力。 2025年上半年，集团共销售207.6亿立方米天然气，其中工业销气量取得94.5亿立方米，下降2.2%，占 集团销气量的45.5%;商业销气量取得48.8亿立方米，下降2.6%，占集团销气量的23.5%;而居民销气量取 得60.0亿立方米，增长4.2%，占集团销气量的28.9%。 2025年上半年，集团新开发居民用户83.1万户，其中：新房接驳用户66.7万户，旧房接驳用户16.4万 户。 2025年上半年，综合服务营业额14.5亿港元，同比下降18.1%，分部溢利5.9亿港元，同比下降22.6%。 集团相信综合服务业通过持续深入推广，未来仍有巨大发展空间，成为集团重要业务组成部分。 ...

格隆汇8月28日丨华润燃气(01193.HK)公布中期业绩，2025年上半年，实现营业额497.9亿港元，同比下 降4.4%。接驳业务营收占比从2024年上半年5.8%下降至2025年上半年5.6%，公司拥有人应占溢利为 24.03亿港元，同比减少30.5%，每股基本盈利1.05港元。2025年上半年，集团经营性现金流为30.1亿港 元，保持高品质经营质量。董事议决派付中期股息每股30港仙。 2025年上半年，集团持续提升气源统筹能力；统筹规模超35亿方，同比增长100%，获取2.0亿方非常规 资源；不断提升气源保障能力，集团储气能力提升至3.75%；推动资源获取能力提升的同时进一步提升 集团保供能力。2025年上半年，集团共销售207.6亿立方米天然气，其中工业销气量录得94.5亿立方米， 下降2.2%，占集团销气量的45.5%；商业销气量录得48.8亿立方米，下降2.6%，占集团销气量的 23.5%；而居民销气量录得60.0亿立方米，增长4.2%，占集团销气量的28.9%。 2025年上半年，集团新开发居民用户83.1万户，其中：新房接驳用户66.7万户，旧房接驳用户16.4万 户。 2025年上半年，综 ...

免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | --- | --- | | | 股票發行人現金股息（可選擇貨幣）公告 | | 發行人名稱 | 華潤燃氣控股有限公司 | | 股份代號 | 01193 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.3 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.3 HKD | | 匯率 | 1 HKD : 1 HKD | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：1193） 截至二零二五年六月三十日止六個月的中期業績 華潤燃氣錄得中期主要業績指標如下： 二零二五年 二零二四年 上半年 上半年 增加╱（減少） 營收（百萬港元） 49,785 52,076 (4.4%) 本公司擁有人應佔溢利（百萬港元） 2,403 3,457 (30.5%) 每股基本盈利（港元） 1.05 1.52 (30.9%) 燃氣總銷量（百萬立方米） 20,755 20,901 (0.7%) 累計已接駁客戶總數（百萬） 61.37 58.84 4.3% 華潤燃氣控股有限公司（「本公司」或「華潤燃氣」）董事（「董事」）會（「董事會」）欣 然宣佈本公司及其附屬公司（「本集團」）截至二零二五年六月三十日止六個月（「期 間」）的未經審核綜合業績連同二零二四年的比較數字如下： 1 綜合損益及其他綜合收益表 截至二零二五年六月三十日止六個月 | | | 截至六 ...