ENN Energy (02688) has announced its interim results for the six months ended June 30, 2026, posting a 9.8% increase in profit attributable to shareholders.

The group recorded revenue of RMB 57.021 billion, a year-on-year increase of 2.4%. Profit attributable to owners of the company reached RMB 2.667 billion, up 9.8% from the same period last year. Basic earnings per share stood at RMB 2.4, with an interim dividend of HK$0.68 per share.

During the first half of the year, the group actively pursued its strategic positioning of "leveraging intelligent innovation services to become a service provider that creates multi-value for customers, built on a natural gas business foundation." The customer base continued to expand, reaching 33.26 million residential customers and 328,000 industrial and commercial customers. Building on this growing customer scale, the group fully utilized its natural gas resource advantages and operational strengths to effectively withstand market volatility, demonstrating strong operational resilience. It also continued to enhance its smart home product and service capabilities while developing electricity-centric poly-energy business, leading to sustained improvements in profit quality.

Additionally, the group strengthened its cash flow management, with operating cash flow reaching RMB 3.078 billion for the period, a 16.4% increase year-on-year. The borrowing structure also continued to optimize, with a net debt ratio of 19.1% at period-end, maintaining overall leverage at a stable level. This solid operational foundation, ample cash flow, and healthy debt structure provided strong support for the group to effectively hedge against external market fluctuations and build momentum for sustainable development.

During the period, the group implemented precise measures targeting the differentiated gas consumption needs of various customer segments, steadily expanding the gas customer base. For industrial customers, the group delved into customer processes to reduce energy costs, assigned dedicated account managers for key clients, optimized gas source structures, and implemented flexible pricing policies. This resulted in a 5.3 million cubic meters per day increase in new gas supply volume for industrial users in the first half of the year.

For commercial customers, the group focused on stable and safe gas supply needs, leveraging intelligent data-driven customer insights, solution capabilities, and rapid development capabilities. This enabled the group to achieve 1.1 million cubic meters per day in new gas installation volume for commercial users during the first half.

For residential customers, the group tapped into the existing market's potential, completing 175,000 installations for existing households during the period, effectively mitigating the impact of the real estate market downturn. Total residential installations reached 502,000 units. The group also actively promoted the rationalization of residential gas prices, and from the end of last year to the date of this announcement, cumulative residential gas volume adjusted through price revisions had reached 74.8%.