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ENN Energy Holdings ( (HK:2688) ) has shared an update.
ENN Energy Holdings reported modest growth in its core natural gas business for the first quarter of 2026, with retail gas sales volume edging up 0.5% year on year to 7,294 million cubic meters. Sales to commercial and industrial clients rose 0.7% and residential gas consumption increased 1.0%, while the company added about 206,000 new residential connections and 1.883 million cubic meters of daily designed capacity for newly developed commercial and industrial customers.
The group’s integrated energy sales fell 7.0% to 9,338 million kWh, reflecting economic structure adjustments and business mix optimisation as it pivots its portfolio under power market reforms. ENN is also pushing deeper into smart home services, achieving a 3.6% penetration in its existing base and 63.1% among new customers, and aims to leverage China’s dual‑carbon strategy and domestic consumption push to reinforce profitability and long‑term value across gas, power and smart energy solutions.
The most recent analyst rating on (HK:2688) stock is a Hold with a HK$63.50 price target. To see the full list of analyst forecasts on ENN Energy Holdings stock, see the HK:2688 Stock Forecast page.
More about ENN Energy Holdings
ENN Energy Holdings is a Hong Kong-listed energy distributor focused on city natural gas distribution, integrated energy services and related smart home solutions in mainland China. The group supplies gas to residential, commercial and industrial users, and is expanding into power and multi-energy offerings aligned with China’s low‑carbon transition and energy market reforms.
Average Trading Volume: 3,785,710
Technical Sentiment Signal: Sell
Current Market Cap: HK$70.85B
For detailed information about 2688 stock, go to TipRanks’ Stock Analysis page.