JIAXING GAS announced its interim results, with profit attributable to owners of the company amounting to 75.3 million yuan, a year-on-year decrease of 15.49%
JIAXING GAS announced its mid-term results for 2025, with revenue of 1.4615 billion yuan, a year-on-year decrease of 3.63%. The profit attributable to the company's owners was 75.3 million yuan, a year-on-year decrease of 15.49%. The basic earnings per share were 0.55 yuan, with an interim dividend of 0.15 yuan per share. The total gas sales volume was 392 million cubic meters, a decrease of 3.45% compared to the first half of 2024. The revenue decline was mainly due to capacity adjustments by large users and a decrease in the sales price of natural gas, while the net profit decline was mainly due to a 65.15% decrease in profits from joint ventures
According to the Zhitong Finance APP, JIAXING GAS (09908) announced its mid-term results for 2025, with revenue of RMB 1.4615 billion, a year-on-year decrease of 3.63%. The profit attributable to shareholders was RMB 75.3 million, a year-on-year decrease of 15.49%. The basic earnings per share were RMB 0.55, with an interim dividend of RMB 0.15 per share.
During the period, the group's total gas sales volume reached 392 million cubic meters, a decrease of 3.45% compared to the first half of 2024, mainly due to capacity adjustments by large users reducing demand. Despite the year-on-year decline in gas volume, the number of new commercial and industrial users developed by the company continued to grow steadily, continuously accumulating momentum for the group's future development.
The announcement stated that the decrease in revenue was mainly due to capacity adjustments by large users reducing gas demand and a slight decline in the selling price of natural gas. The decrease in net profit was mainly due to a reduction of RMB 31.6 million, or 65.15%, in the profit from joint ventures and associates compared to the first half of 2024, primarily because the improvement in the international natural gas supply and demand situation led to a downward shift in price volatility, and Hangjiaxin could not benefit from the relatively low procurement prices under the long-term liquefied natural gas procurement agreements signed with suppliers during the period, maintaining gross profit at a level similar to that of the first half of 2024
