ENN Natural Gas (600803) investor relations material

Executive summary

• Q3 revenue rose 5.45% YoY, while net profit attributable to shareholders fell 22.92%; adjusted net profit increased 59.10%, mainly because non-recurring gains were lower YoY.

• For 9M, revenue was nearly flat YoY and attributable net profit declined 16.15%; operating cash flow increased 10.88%.

Financial highlights

• Q3 revenue was RMB 3,150,001 ten-thousand yuan, up 5.45% YoY; 9M revenue was RMB 9,549,859 ten-thousand yuan, down 0.39%.

• Q3 net profit attributable to shareholders was RMB 78,523 ten-thousand yuan, down 22.92% YoY; 9M was RMB 287,358 ten-thousand yuan, down 16.15%.

• Adjusted Q3 net profit attributable to shareholders was RMB 137,815 ten-thousand yuan, up 59.10% YoY; adjusted 9M profit was RMB 311,969 ten-thousand yuan, down 4.90%.

• 9M total profit was RMB 814,217 ten-thousand yuan versus RMB 874,871 ten-thousand yuan; net profit was RMB 640,057 ten-thousand yuan versus RMB 706,151 ten-thousand yuan.

Key financial ratios and metrics

• Basic EPS was RMB 0.26 per share in Q3, down 21.21% YoY; 9M EPS was RMB 0.93, down 16.22%.

• 9M weighted average ROE was 11.89%, down 2.15 percentage points YoY; Q3 ROE was 3.40%, down 0.90 percentage points.

• 9M operating profit attributable to shareholders was RMB 369,923 ten-thousand yuan, down 2.10% YoY.