智通财经网·2025-11-28 08:57Core Insights - China Gas Holdings Limited reported a revenue of HKD 34.481 billion for the six months ending September 30, 2025, with a net profit attributable to shareholders of HKD 1.334 billion and basic earnings per share of HKD 0.2473 [1] - The company declared an interim dividend of HKD 0.15 per share and achieved a free cash flow of HKD 2.605 billion, representing a year-on-year growth of 17.2% [1] Business Performance - The company sold a total of 17.41 billion cubic meters of natural gas during the period, marking a 1.7% increase compared to the same period last year [2] - Sales through urban and rural pipeline networks accounted for 9.19 billion cubic meters, while trade and direct supply pipeline businesses contributed 8.22 billion cubic meters, with the latter seeing a 5.4% increase year-on-year [2] Strategic Initiatives - The company is focusing on a strategic transformation driven by digital intelligence, emphasizing safety, policy opportunities, and user demand in its gas business [1] - The company has not initiated any new urban pipeline gas projects during the period, maintaining a cautious investment approach [1] - The company has secured 662 exclusive pipeline gas projects across 30 provinces, cities, and autonomous regions, along with 32 long-distance natural gas pipelines and 485 compressed/liquefied natural gas refueling stations [1] Growth Areas - The company is actively pursuing opportunities in energy transition and the national "dual carbon" goals, with breakthroughs in combined heat and power, battery cells, lithium carbonate, and co-firing of fruit residue [2] - The company has launched new energy storage projects, with an operational scale of 410.6 MWh added during the period, bringing the total operational capacity to 617.7 MWh and a signed capacity of 1.2 GWh [2] - The photovoltaic projects have reached a cumulative installation of 70.8 MW, and the electricity trading volume in the sale and distribution business reached 3.6 billion kWh [2]