Huzhou Gas (6661) H2 2025 earnings summary

Executive summary

• FY2025 natural gas sales volume fell 5.21% YoY to 571.32 million m³; revenue declined 4.08% to RMB2,275.91 million and profit attributable to owners fell 19.62% to RMB94.68 million.

• Proposed final dividend was RMB0.30 per share, unchanged YoY, totaling RMB60.81 million, subject to shareholder approval.

Financial highlights

• Revenue was RMB2,275.91 million, down 4.08% YoY; gross profit was RMB264.26 million, down 5.01%.

• Profit before tax decreased to RMB188.92 million from RMB206.02 million; profit for the year was RMB149.00 million versus RMB169.15 million.

• Profit attributable to owners was RMB94.68 million versus RMB117.79 million; basic and diluted EPS was RMB0.47 versus RMB0.58.

• Other income and gains fell to RMB25.01 million from RMB30.65 million, mainly reflecting lower deposit and wealth-management yields; finance costs decreased to RMB2.12 million from RMB2.46 million.

Outlook and guidance

• Strategy centers on natural gas plus emerging green energy, integrated energy services, customer-value growth, safety upgrades and digital operations; no quantified financial guidance was given.

• Plans include advancing residential gas price pass-through, renovating ageing pipelines, scaling AI-enabled safety management and expanding energy trusteeship and integrated services.

• Management cited opportunities from the coal-to-gas transition, urban pipeline investment and the Ecological and Environmental Code taking effect in August 2026.