Core Viewpoint - Hong Kong and China Gas Company Limited reported a stable performance in its mid-term results, with a slight increase in operational profit and a focus on expanding its renewable energy and hydrogen business segments [1][3][4]. Group 1: Financial Performance - The group's revenue reached HKD 27.514 billion, with a 3% increase in post-tax operating profit to HKD 3.996 billion [1]. - Shareholders' profit decreased by 3% to HKD 2.964 billion after accounting for non-operating gains and losses [1]. - Core business profit, excluding foreign exchange losses, increased by 4% [1]. Group 2: Utility Business in Hong Kong - The average temperature in Hong Kong was lower than the previous year, leading to an increase in residential gas sales [3]. - The overall gas sales volume in Hong Kong remained stable, supported by the recovery of the tourism industry and the completion of gas application facilities in various sectors [3]. - The company is advancing its hydrogen commercialization efforts, including hydrogen supply for construction sites and charging projects, which are expected to drive future profit growth [3]. Group 3: Utility Business in Mainland China - Despite challenges such as tariff issues and a warm winter, the urban gas sales volume remained stable [3]. - The gas business profit was stable, with the comprehensive price difference for urban gas increasing by 4 cents RMB per cubic meter to RMB 0.54 per cubic meter [3]. Group 4: Renewable Energy Business - The core profit of Honghua Smart Energy Limited grew by 2% to HKD 719 million, with cumulative photovoltaic grid connection reaching 2.6 GW and commercial energy storage at 260 MWh as of June 30, 2025 [3]. - The company is promoting an integrated decarbonization business model of "photovoltaics + energy storage + electricity sales" to enhance profitability [3]. Group 5: Green Methanol and Sustainable Aviation Fuel - The green methanol business made significant progress with a joint venture established with Fuan Energy to produce 200,000 tons annually, expected to commence production in the second half of 2027 [4]. - The company is collaborating with the Hong Kong government and industry partners to develop a green shipping fuel hub and is expanding into the sustainable aviation fuel market, with a long-term supply agreement with British Airways [4]. Group 6: Business Integration and Innovation - The company successfully merged its Hong Kong and mainland operations and is leveraging its 45 million user base to introduce innovative products and services [4]. - The company secured USD 45 million in financing to support its strategic goals amid ongoing global economic challenges [4]. Group 7: Dividend - The company maintained an interim dividend of HKD 0.12 per share [5].

智通财经APP讯，香港中华煤气(00003)公布，将于2025年9月15日派发中期股息每股0.12港元。 ...

EF001 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公告 | | | 發行人名稱 | 香港中華煤氣有限公司 | | 股份代號 | 00003 | | 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2025年6月30日止六個月之中期股息及暫停辦理股份過戶登記 | | | 公告日期 | 2025年8月20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 0.12 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 0.12 HKD | | 匯率 | 1 H ...

Group 1: Financial Performance - Hong Kong and China Gas Company reported a revenue of HKD 27.514 billion for the first half of 2025, representing a year-on-year growth of 0.07% [1] - The after-tax operating profit was HKD 3.996 billion, an increase of 2.86% compared to the previous year [1] - Shareholders' profit attributable decreased by 2.5% to HKD 2.964 billion, with basic earnings per share at HKD 0.159 and an interim dividend of HKD 0.12 per share [1] Group 2: Utility Business in Hong Kong - The average temperature in Hong Kong during the first half of the year was lower than the same period last year, leading to an increase in residential gas sales [1] - The overall gas sales volume in Hong Kong remained stable, supported by the completion of gas application facilities in various commercial buildings, sports venues, hotels, and hospitals, along with a recovery in tourism [1] - The company is advancing its hydrogen commercialization process, including projects for hydrogen supply at construction sites and hydrogen refueling, which are expected to drive future profit growth [1] Group 3: Utility Business in Mainland China - Despite challenges from tariff issues and a warm winter in the north, the urban gas sales volume remained stable [1] - The company maintained stable profits in its gas business through price adjustments, refined management, and close cooperation with upstream gas suppliers, with the urban gas comprehensive price difference increasing by RMB 0.04 per cubic meter to RMB 0.54 per cubic meter [1] Group 4: Renewable Energy Business - The core profit of Honghua Smart Energy, a subsidiary, grew by 2% to HKD 719 million, with cumulative photovoltaic grid connection reaching 2.6 GW and commercial energy storage reaching 260 MWh as of June 30, 2025 [2] - The company is promoting an integrated decarbonization business model of "photovoltaics + energy storage + electricity sales" to enhance profitability [2] Group 5: Green Methanol Business - The green methanol business achieved a breakthrough with the establishment of a joint venture, VENEX, with Fuan Energy, planning to set up a factory in Foshan with an initial production capacity of 200,000 tons per year, expected to commence production in the second half of 2027 [2] - The company is collaborating with the Hong Kong SAR government and industry partners to advance the construction of a green shipping fuel hub in Hong Kong, focusing on green methanol production, storage, transportation, and trading [2]

Group 1: Financial Performance - Hong Kong and China Gas Company reported a revenue of HKD 27.514 billion for the first half of 2025, representing a year-on-year growth of 0.07% [1] - The company's after-tax operating profit increased by 2.86% to HKD 3.996 billion, while the profit attributable to shareholders decreased by 2.5% to HKD 2.964 billion [1] - Basic earnings per share were HKD 0.159, with an interim dividend of HKD 0.12 per share [1] Group 2: Utility Business in Hong Kong - The average temperature in Hong Kong during the first half of the year was lower than the same period last year, leading to an increase in residential gas sales [1] - The overall gas sales volume in Hong Kong remained stable, supported by the completion of gas application facilities in various commercial buildings, sports venues, hotels, and hospitals, as well as the recovery of the tourism industry [1] - The company is advancing its hydrogen commercialization process, including projects for hydrogen supply at construction sites and hydrogen charging, which are expected to drive future profit growth [1] Group 3: Utility Business in Mainland China - Despite challenges from tariff issues and a warm winter in the north, the gas sales volume in urban areas remained stable [1] - The company maintained stable profits in its gas business through price adjustment efforts, refined management, and close cooperation with upstream gas suppliers [1] - The comprehensive price difference for urban gas increased by RMB 0.04 per cubic meter to RMB 0.54 per cubic meter [1] Group 4: Renewable Energy Business - The core profit of Honghua Smart Energy, a subsidiary, grew by 2% to HKD 719 million, with cumulative photovoltaic grid connection reaching 2.6 GW and commercial energy storage reaching 260 MWh as of June 30, 2025 [2] - The company is promoting an integrated decarbonization business model of "photovoltaics + energy storage + electricity sales" to enhance business profitability [2] Group 5: Green Methanol Business - The green methanol business achieved a breakthrough with the establishment of a joint venture, VENEX, with Fuan Energy, planning to set up a factory in Foshan with an initial production capacity of 200,000 tons per year, expected to commence production in the second half of 2027 [2] - The company is collaborating with the Hong Kong SAR government and industry partners to advance the construction of a green shipping fuel hub in Hong Kong, focusing on green methanol production, storage, transportation, and trading [2]

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之內容概不負責，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 容而引致之任何損失承擔任何責任。 ( 根據公司條例在香港註冊成立之有限公司 ) (股份代號: 3) 2 0 2 5 年 中 期 業 績 公 布 業績摘要 整體售氣量持平 增長型業務穩健發展 - 1 - 2025 年上半年，集團營業額達港幣 275.14 億元，稅後經營利潤增長 3%至港幣 39.96 億元，計入非經營性損益後，股東應佔溢利下降 3%至港幣 29.64 億元。 若剔除借貸匯兌損益，業務核心利潤實質上升 4%。 香港公用業務方面，本港上半年平均氣溫低於去年同期，帶動住宅燃氣銷售增長。 集團期內完成多項甲級商廈、體育場館、酒店及醫院的燃氣應用設施，加上旅遊業 恢復暢旺等因素下，期內香港整體售氣量保持穩定。同時集團穩步推進氫能商業化 進程，包括工地供氫及氫能充電等項目，預期將成為未來利潤增長新動力。 內地公用業務方面，雖面對關稅問題影響，經濟環境及北方暖冬等因素挑戰，城市 燃氣售氣量仍保持穩定。另外通過順價工作、精細化管理及積極 ...

The Hong Kong and China Gas Company Limited (0003.HK) 2025 Interim Results 20 August 2025 1 The Hong Kong and China Gas | 2025 Interim Results 2025: Overall Operating Environment and Group Strategy Macro Environment Group Strategy Uncertainty in tariff policies affects industrial energy consumption Weak economy and slight decline in PMI affect exports "Launching the Construction of Zero-Carbon Parks" brings positive impacts to green energy The government boosts consumption through fiscal subsidies and consu ...

Investment Rating - The report initiates coverage with a "Buy" rating for Hong Kong and China Gas Company Limited [5] Core Views - The company has a robust profit and cash flow base from its Hong Kong gas business, while its growth-oriented businesses provide new momentum for expansion [2][18] - The flexible pricing adjustment mechanism is a key reason for the high profit margins in the Hong Kong gas business [2][34] - The company is expanding its gas business in mainland China, with significant growth in sales volume and recovery of profit margins [4][57] Summary by Sections Hong Kong Gas Business - The gas tariff consists of an effective charging table and fuel adjustment fee, with a tiered pricing model that encourages higher consumption [2][28] - Hong Kong's natural gas consumption has remained stable, with a projected consumption of 27,159 TJ (approximately 730 million cubic meters) in 2024, reflecting a year-on-year increase of 0.1% [3][35] - The EBIT for the Hong Kong utility business has been stable, with a projected increase to nearly HKD 50 billion in 2024, resulting in an EBIT margin of 46.3% [3][48] Mainland Gas Business - The company has expanded its mainland gas business since 1994, with sales volume increasing from 19.5 billion cubic meters in 2017 to 36.36 billion cubic meters in 2024, representing a CAGR of 9.3% [4][51] - The unit sales price difference in the mainland gas business has improved to HKD 0.52 per cubic meter by the end of 2024 [4][60] Growth-Oriented Businesses - The renewable energy business, primarily through the subsidiary Honghua Smart Energy, has seen rapid growth, with a compound annual growth rate of 154% in distributed photovoltaic installations from 2021 to 2024 [74] - The company is actively developing green methanol and hydrogen fuel supply, with significant production targets set for 2028 [81][84] Financial Projections - The company is expected to achieve revenues of HKD 578.1 billion, HKD 605.6 billion, and HKD 632.8 billion from 2025 to 2027, with respective year-on-year growth rates of 4.2%, 4.7%, and 4.5% [5][92] - The net profit forecast for the same period is HKD 61.6 billion, HKD 65.9 billion, and HKD 69.4 billion, with year-on-year growth rates of 7.9%, 6.9%, and 5.4% [5][92]

Core Viewpoint - Hong Kong and China Gas Company Limited (00003.HK) has shown resilience in its stock performance, reaching a near one-year high, while also demonstrating significant net inflow of capital, indicating investor confidence in the company's future prospects [1] Company Overview - Established in 1862, Hong Kong and China Gas Company is the oldest public utility in Hong Kong and one of the largest energy suppliers in the region, with world-class management and operations [1] - The company has evolved from supplying gas for street lighting to providing safe and reliable energy solutions across various sectors in Hong Kong [1] Market Expansion - The company entered the mainland market in 1994 and currently operates over 970 projects across 29 provincial regions in China, including renewable energy solutions such as solar photovoltaic systems, urban pipeline gas, and water supply [1] - Recent initiatives focus on clean energy solutions, including hydrogen energy, marine green methanol, and sustainable aviation fuel, aligning with the company's vision for carbon neutrality [1]

粤港澳即将共同承办第十五届全国运动会(十五运会)和全国第十二届残疾人运动会暨第九届特殊奥林匹克运动会(残特奥会)，香港中华煤气大力支持及赞 助，并提供氢能相关方案，为区域体育和绿色城市发展作出积极贡献。 日前，香港中华煤气营运总裁—香港业务郑晓光出席十五运会和残特奥会倒计时100日香港赛区活动，与香港特区行政长官李家超、中央人民政府驻香港 特区联络办公室主任周霁、及十五运会组织委员会副主任兼秘书长、广东省委常委王曦等嘉宾共同迎接此次国家体育盛事。 香港中华煤气营运总裁 — 香港业务郑晓光 ( 左七 ) 出席第十五届全国运动会和全国第十二届残疾人运动会暨第九届特殊奥林匹克运动会倒计时 100 日活动 ( 香 港赛区 ) 。 ( 香港特区政府新闻处图片 ) 作为十五运会和残特奥会香港赛区银贡献机构，香港中华煤气全力支持赛事，提供低碳能源方案，实践大会「绿色办赛」理念，推动香港迈向可持续发展 的绿色城市。 ...