China Resources Gas Group ( (CRGGF) ) has released its Q2 earnings. Here is a breakdown of the information China Resources Gas Group presented to its investors.
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China Resources Gas Group Limited, a leading company in the sale and distribution of gas fuel and related services in the People’s Republic of China, has announced its interim financial results for the first half of 2025. The company operates in the natural gas sector, providing comprehensive services including gas connection, design, and construction services, as well as operating gas stations.
The interim results for the first half of 2025 reveal a decrease in revenue to HK$49.79 billion, a 4.4% drop compared to the same period in 2024. Profit attributable to the owners of the company also fell significantly by 30.5% to HK$2.40 billion. Despite these declines, the company saw a 4.3% increase in its customer base, reaching 61.37 million connected customers.
Key financial metrics show a decrease in gross profit from HK$9.67 billion in 2024 to HK$8.52 billion in 2025, while operating cash flow remained robust at HK$3.01 billion. The company’s comprehensive service turnover also saw a decline, yet it continues to invest in its comprehensive energy business, signing new projects in distributed photovoltaic and energy sectors.
Looking forward, China Resources Gas Group remains optimistic about its growth prospects, focusing on expanding its comprehensive services and energy solutions. The company is committed to sustainable development and enhancing its ESG performance, aligning with national goals for carbon neutrality.
The management anticipates that despite global economic uncertainties, the domestic economy will continue to progress, and the natural gas industry is expected to rebound. The company aims to solidify its core businesses and create value for shareholders through strategic expansions and maintaining financial stability.