ENN-NG(SH:600803) Jin Rong Jie·2025-12-17 23:03Core Viewpoint - XinAo Gas Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as its sole sponsor, marking its second attempt after an initial application in June 2023 [1]. Group 1: Company Overview - XinAo Gas is the largest private natural gas company in China and ranks third among all market participants in the natural gas sector [1]. - The company operates an integrated business model covering the entire natural gas value chain, including upstream, midstream, and downstream operations [1]. Group 2: Business Operations - XinAo Gas provides a comprehensive range of services, including natural gas sales (retail, wholesale, and platform trading), energy services, smart home solutions, engineering construction and installation, and infrastructure operation [1]. - The majority of the company's revenue during the reporting period was generated from domestic operations [1].