ENN Energy reports mixed results as privatization bid progresses

ENN Energy Holdings Limited announced interim results for the six months ended June 30, 2025, reporting revenue of RMB55,673 million, a 2.0% increase year-on-year, primarily driven by expanded wholesale gas volume. However, profit attributable to owners of the company decreased by 5.6% to RMB2,429 million, with basic earnings per share falling 4.4% to RMB2.19. The company declared an interim dividend of HK$0.65 per share, unchanged from the previous year.

Concurrently, ENN Natural Gas Co., Ltd., the controlling shareholder, along with Xinneng (Hong Kong) Energy Investment Limited, is proceeding with a privatization proposal for ENN Energy. Shareholders will receive 2.9427 newly issued H shares of ENN-NG and a cash consideration of HK$24.50 per cancelled Scheme Share, after which ENN Energy's listing on the Stock Exchange will be withdrawn. The register of members will close on November 4, 2025, with the dividend payment scheduled for November 28, 2025.

In a related disclosure, Morgan Stanley Capital Services LLC, a Class (5) associate of the Offeror, reported dealings in A shares of ENN Natural Gas Co. Ltd. on August 26, 2025. These dealings, made for its own account, included both purchases and sales of derivatives.