SGC(SH:601139) Ge Long Hui A P P·2025-10-13 08:32Core Viewpoint - Shenzhen Gas (601139.SH) reported a mixed performance in Q3, with revenue growth but a decline in net profit, primarily due to reduced profits from smart service operations [1] Financial Performance - Revenue for the third quarter reached 22.528 billion yuan, an increase of 8.63% year-on-year, driven by growth in gas resources and comprehensive energy income [1] - Net profit attributable to shareholders was 0.918 billion yuan, a decrease of 13.08% year-on-year, mainly due to reduced profits from the smart service business [1] - The net profit excluding non-recurring gains and losses was 0.892 billion yuan, down 11.59% year-on-year [1] Natural Gas Sales - Total natural gas sales volume was 5.030 billion cubic meters, up 18.49% from 4.245 billion cubic meters in the same period last year [1] - Pipeline natural gas sales volume was 3.912 billion cubic meters, a 2.22% increase from 3.827 billion cubic meters year-on-year [1] - Wholesale natural gas volume surged to 1.118 billion cubic meters, a significant increase of 167.46% from 0.418 billion cubic meters year-on-year [1] Regional Sales Breakdown - Sales volume in the Greater Bay Area reached 1.075 billion cubic meters, up 4.98% from 1.024 billion cubic meters year-on-year [1] - Other regional city gas sales volume was 1.585 billion cubic meters, a 2.32% increase from 1.549 billion cubic meters year-on-year [1] - Power plant sales volume was 1.252 billion cubic meters, showing a slight decline of 0.16% from 1.254 billion cubic meters year-on-year [1] Gas Transmission - Gas transmission volume was 0.693 billion cubic meters, an increase of 23.75% from 0.560 billion cubic meters year-on-year [1]