China Gas Industry Investment Holdings reports strong interim profit growth

China Gas Industry Investment Holdings Co. Ltd. announced a 44.05% surge in net profit to RMB74.60 million for the six months ended June 30, 2025, up from RMB51.79 million in the same period last year. Revenue also increased by 9.54% to RMB701.86 million, compared to RMB640.75 million previously. Gross profit for the period rose by 1.99% to RMB168.44 million. Basic and diluted earnings per share improved to RMB0.06, from RMB0.04 in 2024.

Revenue growth was primarily fueled by a 10.87% increase in pipeline industrial gas supply to RMB512.89 million due to new third-party users, and a 34.83% rise in LNG and gas transmission service revenue to RMB112.87 million, attributed to a resumption of normal LNG production. Technical support and management services also saw a 21.62% revenue increase to RMB8.55 million.

Despite the strong performance, the group's credit loss allowance for trade receivables increased to RMB12.11 million, mainly due to older receivables. The gearing ratio improved to 23.0% as of June 30, 2025, down from 28.2% at the end of 2024. No interim dividend was recommended for the period.