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Binhai Investment Co ( (HK:2886) ) just unveiled an announcement.
Binhai Investment reported a strong start to 2026, with first-quarter piped gas sales rising about 21% year on year to 794 million cubic meters, driven by a 31% jump in industrial and commercial demand and steady growth in household usage. The Group also added roughly 5,000 new connected households, bringing its customer base to about 2.449 million, as it capitalized on urban renewal and old community renovation projects to extend its network.
Leveraging a broader strategic cooperation framework among its major shareholders, Binhai’s value-added services arm Taiyuejia entered new partnerships with a Tianjin TEDA unit and a long-established Tianjin gas service provider to promote national housing initiatives and integrated gas services. Management said it will concentrate on strengthening core city gas operations, expanding value-added offerings and accelerating its shift toward a comprehensive energy provider, aiming to boost profitability despite a complex external environment, while cautioning that the operational figures remain unaudited.
More about Binhai Investment Co
Binhai Investment Company Limited is a Hong Kong-listed gas utility operating through subsidiaries in mainland China’s city gas sector. The Group focuses on the sale and transmission of piped natural gas to industrial, commercial and household users, and is increasingly developing value-added gas-related services while positioning itself as a comprehensive energy supplier in urban markets.
Average Trading Volume: 321,097
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.65B
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