Zhi Tong Cai Jing·2025-08-20 02:17Core Viewpoint - Kunlun Energy's stock dropped over 4% following the release of its mid-year results for 2025, indicating market reaction to the company's performance despite some growth in gas sales and revenue [1] Financial Performance - Natural gas sales reached 29.095 billion cubic meters, a year-on-year increase of 10.05% [1] - Revenue amounted to 97.543 billion yuan, reflecting a year-on-year growth of 4.97% [1] - Shareholder profit was 3.161 billion yuan, a decrease of 4.36% compared to the previous year [1] - Earnings per share were 0.3651 yuan, with an interim dividend of 0.166 yuan per share [1] Business Development - The company is actively responding to changes in the gas industry landscape by engaging in joint ventures and launching new city gas projects [1] - Five new city gas projects were added in the first half of the year, located in Inner Mongolia, Shandong, and Guizhou [1] - The total number of users reached 16.8526 million, with an increase of 398,800 new users, including 389,800 residential users and 9,000 commercial users [1] Sales and Profitability - The natural gas sales business generated revenue of 80.078 billion yuan, a year-on-year increase of 6.06% [1] - Profit before tax was 4.477 billion yuan, showing a decrease of 10.55% year-on-year [1]