Hong Kong & China Gas Co. Ltd. Sponsored ADR ( (HOKCY) ) has released its Q2 earnings. Here is a breakdown of the information Hong Kong & China Gas Co. Ltd. Sponsored ADR presented to its investors.
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Hong Kong & China Gas Co. Ltd. Sponsored ADR, a prominent player in the utility sector, primarily engages in the production, distribution, and marketing of gas and related services across Hong Kong and mainland China, with a focus on renewable energy and green fuels.
In its latest earnings report for the first half of 2025, the company reported stable revenues of HK$27,514 million, with a slight increase in after-tax operating profit by 3% to HK$3,996 million. However, profit attributable to shareholders saw a 3% decline to HK$2,964 million, attributed to non-operating gains and losses. The company also maintained its interim dividend at HK12 cents per share.
The company’s Hong Kong utility business experienced stable gas sales, bolstered by increased residential consumption due to lower temperatures and a recovering tourism sector. On the mainland, despite economic challenges, city-gas sales remained steady, with improved dollar margins. The renewable energy sector showed growth, with increased photovoltaic capacity and energy storage, while the green methanol and sustainable aviation fuel segments achieved significant milestones, including strategic partnerships and supply agreements.
Looking ahead, Hong Kong & China Gas Co. Ltd. remains focused on advancing its growth business portfolio, particularly in renewable energy and green fuels, while continuing to enhance operational efficiency and sustainability. The company is poised to leverage its strategic initiatives and partnerships to drive future profitability and market expansion.