Zhi Tong Cai Jing·2026-03-27 08:53Core Viewpoint - China Resources Gas (01193) reported a decrease in net profit attributable to shareholders by 13.23% to HKD 3.547 billion for the year ending December 31, 2025, alongside a revenue decline of 4.81% to HKD 97.733 billion [1] Group 1: Financial Performance - The company achieved a total natural gas sales volume of 40.18 billion cubic meters, reflecting a year-on-year growth of 0.7% [2] - Basic earnings per share were HKD 1.55, with a proposed final dividend of HKD 0.95 per share [1] Group 2: Sales Breakdown - Industrial gas sales reached 20.48 billion cubic meters, up 0.3%, accounting for 51.0% of total sales [2] - Commercial gas sales were 8.31 billion cubic meters, down 2.4%, representing 20.7% of total sales [2] - Residential gas sales increased by 4.9% to 10.53 billion cubic meters, making up 26.2% of total sales [2] Group 3: Strategic Initiatives - The company plans to deepen cooperation with the State Grid in infrastructure and strengthen negotiations with major oil companies, aiming for a total gas volume of 6.1 billion cubic meters, a 52.5% increase year-on-year [1] - The company signed its first international LNG long-term contract and increased the number of national pipeline openings by 8, enhancing storage capacity to 5% [1] - The gas supply network registered 413 new suppliers, totaling 1,356 registered suppliers, with cumulative transactions reaching 3.6 billion cubic meters, further expanding industry influence [1]