ENN Natural Gas (600803) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 3,372.92 million, down 1.40% year-over-year; net profit attributable to shareholders was RMB 97.64 million, down 9.64% year-over-year.

• Core profit attributable to shareholders remained stable at RMB 108.34 million, up 0.09% year-over-year.

• Cash flow from operating activities improved significantly to RMB 576.5 million from a negative RMB 35.34 million in Q1 2024.

Financial highlights

• Total assets increased 2.49% to RMB 13,579.05 million compared to year-end 2024.

• Shareholders' equity rose 5.27% to RMB 2,470.45 million.

• Basic and diluted EPS were RMB 0.32, down from RMB 0.35 year-over-year.

• Gross margin and operating profit details not explicitly stated, but operating profit was RMB 237.99 million, down from RMB 274.73 million year-over-year.

Outlook and guidance

• Plans to privatize ENN Energy Holdings and list it on the Hong Kong Stock Exchange to enhance market integration and competitiveness.

• No explicit forward-looking financial guidance provided.