Core Insights - Tianlun Gas (01600) reported a 12.8% year-on-year increase in gas sales revenue for the first half of the year, reaching 3.64 billion yuan [1] - Retail gas sales revenue amounted to 2.56 billion yuan, while wholesale gas sales revenue was 1.08 billion yuan [1] - The average retail gas selling price was 2.91 yuan per cubic meter, with a comprehensive gas price difference of 0.41 yuan per cubic meter, reflecting a growth of 0.01 yuan per cubic meter compared to the same period last year [1] - The company anticipates that the gross margin for retail gas sales will reach between 0.47 and 0.50 yuan per cubic meter for the full year of 2025, indicating strong long-term growth potential in gas sales [1] Business Strategy - The management emphasized the importance of optimizing gas sources in the second half of the year and outlined future management directions [1] - The core of the subsequent gas source management work will focus on continuously optimizing the gas source structure and achieving diversified gas supply [1] - The company plans to strengthen cooperation with the national pipeline network and the "three major oil companies" to further reduce resource transmission levels [1] - Efforts will be made to enhance interconnectivity with regional member companies and surrounding pipelines to facilitate multi-channel resource exchange and supplementation [1] - The company aims to utilize gas storage and peak-shaving facilities to expand pipeline gas and LNG trading channels, thereby improving gas source security during winter peak periods [1]
天伦燃气中期业绩：销气业务收入同比提升12.8% 以多元通道、管网联通持续优化气源