Dazhong Public Utilities posts strong H1 2025 profit growth

For the first half of 2025, Dazhong Public Utilities reported a net profit attributable to owners of RMB333,018 thousand, a substantial increase of 172.62% compared to RMB122,156 thousand in the corresponding period last year. Revenue for the period was RMB3,449,225 thousand, a decrease of 5.79% from RMB3,661,016 thousand in H1 2024. Total assets grew marginally by 0.19% to RMB22,739,773 thousand, while net assets attributable to owners rose by 4.14% to RMB8,842,571 thousand.

The company's core businesses, including city gas, environmental municipality, and urban transportation, maintained stable development. Financial investment businesses, such as non-banking financial services and venture capital, also saw steady expansion. Net cash flows generated from operating activities surged by 160.29% to RMB760,640 thousand, indicating improved operational efficiency.

The board confirmed that no profit distribution plan or capital reserve conversion into share capital would occur during the reporting period, and the interim report has not been audited. The company's debt to equity ratio decreased to 69.85% from 77.06% at the end of 2024, reflecting a stronger financial position.