Core Viewpoint - The company announces a dynamic adjustment to the non-residential pipeline gas sales price in Guangzhou, effective from January 20, 2026, reflecting changes in the natural gas market and aiming to balance supply and demand [1][2]. Group 1: Price Adjustment Details - The maximum sales price for non-residential pipeline gas in Guangzhou will be adjusted from 4.47 yuan per cubic meter to 4.41 yuan per cubic meter, with no upper limit on price increases and unlimited downward adjustments [1]. - This price adjustment is part of a mechanism that links gas source prices to sales prices, ensuring a reasonable response to market changes [2]. Group 2: Implementation Period - The implementation period for this price adjustment is from January 20, 2026, to July 19, 2026 [2]. Group 3: Regulatory Compliance - The adjustment is made in accordance with the Price Law of the People's Republic of China and the pricing directory of Guangdong Province, with the approval of the municipal government [1].

Core Viewpoint - The Jiangsu Provincial Development and Reform Commission has proposed a mechanism for the price linkage of natural gas in Zhenjiang, which has raised concerns among residents about potential price increases [1] Group 1: Price Mechanism - The proposed mechanism states that the terminal sales price will be linked to the procurement price of gas companies, which includes transportation costs [1] - The procurement price will be determined based on the weighted average price of all gas sources purchased by gas companies [1] - In cases where market gas sources significantly impact non-residential terminal sales prices, a price difference model may be applied, with the difference not exceeding the local distribution price [1] Group 2: Residential Gas Pricing - The terminal sales price will adjust according to changes in procurement prices, prioritizing lower-priced sources for residential gas supply [1] - The first-tier price for residential gas can be increased by no more than 0.50 yuan at a time, while there is no limit on the reduction [1] - If natural gas market prices rise significantly, potentially harming residents' daily lives and economic stability, the linkage may be temporarily suspended [1] Group 3: Public Response - The announcement has led to public concern regarding potential natural gas price hikes in Zhenjiang [1] - In response to these concerns, the Zhenjiang Development and Reform Commission clarified that the linkage does not imply a price increase and that natural gas prices will not rise [1]

Core Viewpoint - The company announces a dynamic adjustment to the non-residential pipeline gas sales price in Guangzhou, effective from July 20, 2025, reflecting changes in the natural gas market and aiming to balance supply and demand [1][2]. Group 1: Price Adjustment Details - The maximum sales price for non-residential pipeline gas in Guangzhou will increase from 4.38 yuan per cubic meter to 4.47 yuan per cubic meter starting July 20, 2025 [1]. - The adjustment is part of a mechanism that links gas source prices with sales prices, ensuring that gas operating companies cannot raise prices independently, while there is no limit on price reductions [1][2]. Group 2: Implementation Period - The implementation period for this price adjustment is from July 20, 2025, to January 19, 2026 [2]. - This adjustment is characterized as a phased response to market changes, aimed at promoting the healthy development of the company's gas business [2].