Zhi Tong Cai Jing·2025-11-28 08:59Core Viewpoint - China Gas (00384) reported a revenue of HKD 34.481 billion for the six months ending September 30, 2025, with a profit attributable to shareholders of HKD 1.334 billion, reflecting a strategic focus on digital transformation and diversified energy solutions [1][2] Financial Performance - Revenue reached HKD 34.481 billion, with a profit attributable to shareholders of HKD 1.334 billion, and basic earnings per share of HKD 0.2473 [1] - Proposed interim dividend of HKD 0.15 per share [1] - Free cash flow amounted to HKD 2.605 billion, representing a year-on-year increase of 17.2% [1] Business Development - The company emphasized a core operational philosophy of "digital intelligence-driven, strategic restructuring, strengthening the moat, and initiating a new era of technological transformation" [1] - The gas business capitalized on policy opportunities and user demand, while value-added services drove product innovation and new business development [1] - The liquefied petroleum gas (LPG) business accelerated expansion, and innovative trading models achieved breakthroughs [1] Project and Market Expansion - As of September 30, 2025, the company had obtained 662 exclusive pipeline gas projects across 30 provinces, cities, and autonomous regions, with 32 long-distance natural gas pipelines and 485 compressed/liquefied natural gas refueling stations [1] - The company did not initiate any new urban pipeline gas projects during the reporting period, adhering to a prudent investment principle [1] Energy Transition and New Initiatives - The company sold 17.41 billion cubic meters of natural gas, a 1.7% increase year-on-year, with urban and rural networks contributing 9.19 billion cubic meters and trading/direct supply pipelines contributing 8.22 billion cubic meters, a 5.4% increase [2] - The company is actively participating in the global energy transition and national "dual carbon" goals, achieving breakthroughs in combined heat and power, battery cells, lithium carbonate, and co-firing with fruit residue [2] - The company added 410.6 MWh of new operational capacity for industrial and commercial user-side energy storage projects, with a total operational capacity of 617.7 MWh and a signed installed capacity of 1.2 GWh [2]