ENN-NG(SH:600803) Sou Hu Cai Jing·2026-01-01 19:04Core Viewpoint - Xin'ao Co., Ltd. (600803) experienced a decline in stock price, closing at 20.93 yuan, down 5.47% from the previous week's 22.14 yuan, indicating market volatility and investor sentiment shifts [1] Company Summary - As of December 26, 2025, Xin'ao's total market capitalization is 64.296 billion yuan, ranking 1st in the gas sector out of 29 companies and 275th out of 5,181 in the A-share market [1] - The stock reached a weekly high of 22.22 yuan on December 22 and a low of 20.35 yuan on December 24, reflecting significant price fluctuations during the week [1] Recent Developments - Xin'ao has completed the foreign exchange registration procedures for its significant asset restructuring involving overseas direct investment as of December 26, 2025 [1] - The restructuring involves privatizing Xin'ao Energy Holdings Limited through a wholly-owned subsidiary and subsequently listing on the main board of the Hong Kong Stock Exchange [1] - The company has obtained necessary approvals from the National Development and Reform Commission and the Ministry of Commerce for overseas investment, and has submitted updated application materials to the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] - The transaction is still subject to further approval processes, which introduces an element of uncertainty [1]