Towngas China Co Reports Growth in Renewable Energy and City-Gas Sectors

Towngas China Co ( (HK:1083) ) just unveiled an update.

Towngas China Co reported a 2% increase in core operating profit to HK$719 million for the first half of 2025, driven by growth in its renewable energy and city-gas sectors. The company declared its first-ever interim dividend of HK5 cents per share, reflecting its strong financial performance and commitment to shareholders. The renewable energy business saw a 5% rise in net profit, with significant advancements in photovoltaic and energy storage capacities. Despite challenges in the city-gas sector due to a mild winter and macroeconomic factors, the company maintained stable gas sales and increased its customer base. The successful issuance of the ‘Smart Zero Carbon Phase 2’ quasi-REIT further enhanced its financial position, supporting continued investment in renewable projects.

The most recent analyst rating on (HK:1083) stock is a Buy with a HK$3.45 price target. To see the full list of analyst forecasts on Towngas China Co stock, see the HK:1083 Stock Forecast page.

More about Towngas China Co

Towngas China Co is a company operating in the energy sector, focusing on renewable energy and city-gas services. It has a significant presence in the renewable energy market with a growing photovoltaic capacity and is also involved in the city-gas business, serving millions of households.

Average Trading Volume: 8,212,877

Technical Sentiment Signal: Buy

Current Market Cap: HK$15.69B

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