China Resources Gas Group (1193) investor relations material

Executive summary

• Revenue for H1 2026 reached HK$53.38 billion, up 5.2% year-over-year, with gross profit at HK$9.12 billion and a stable gross margin of 17.1%.

• Profit attributable to owners was HK$2.43 billion, a 1.0% increase year-over-year, and basic EPS remained at HK$1.06.

• Operating cash flow rose to HK$3.45 billion, up 14.5% from H1 2025, reflecting strong operational performance.

• Gross gas sales volume reached 20.86 billion m³, up 0.5% year-over-year, and total connected customers increased 3.3% to 63.37 million.

• Interim dividend of HK$0.30 per share declared, unchanged from the prior year.

Financial highlights

• Total assets grew to HK$147.72 billion, an 8.2% increase from year-end 2025.

• Net profit margin attributable to owners was 4.6%, slightly down from 4.7% in H1 2025.

• Debt to capitalisation ratio increased to 27.6% (from 25.8%), and debt to assets ratio rose to 18.5%.

• Free cash on hand at period end was HK$8.90 billion.

• Total equity rose to HK$71.97 billion from HK$68.12 billion at year-end 2025.

Outlook and guidance

• The group expects continued global economic uncertainty and volatile international gas markets in H2 2026.

• Strategic focus will remain on core business value enhancement, innovation-driven transformation, and expansion in integrated energy and overseas markets.

• Management is confident in sufficient working capital and liquidity for the next twelve months.