CHINA OIL & GAS released its interim results, with a profit attributable to shareholders of HKD 251 million, a year-on-year decrease of 6.72%

According to the Zhitong Finance APP, China Oil & Gas (00603) released its interim results for the six months ending June 30, 2025. The group achieved a revenue of HKD 7.89 billion, a year-on-year decrease of 15.09%; the profit attributable to shareholders was HKD 251 million, a year-on-year decrease of 6.72%; earnings per share were HKD 0.048.

The gas business has improved quality and efficiency. The group has implemented the "Strengthen the Three Basics, Stabilize the Main Business, and Manage the Three Losses" initiative to ensure stable development of the gas business. Resource coordination is precise and efficient, with a contract gas extraction rate maintained at 99%, and the average procurement price decreased by RMB 0.04 per cubic meter year-on-year; an innovative "Resource Pool + Collective Transportation" model has been implemented to effectively resolve regional gaps. The governance of gas loss has shown significant results, with most member enterprises achieving the goal of zero gas loss. In the first half of the year, the total number of residential users exceeded 2.16 million, and the number of industrial and commercial users exceeded 20,000, with gas sales volume of 2.305 billion cubic meters and gas transmission volume of 1.332 billion cubic meters. The group's total revenue was HKD 7.89 billion, and the profit attributable to shareholders during the period was HKD 250 million