Chongqing Gas's Q3 2025 revenue up, but net profit drops significantly

Chongqing Gas Group Corporation Ltd. reported unaudited financial results for the nine months ended September 30, 2025. Revenue increased to RMB 7.38bn, up from RMB 7.17bn in the same period of 2024. However, net profit saw a substantial decrease, falling to RMB 162.37m from RMB 274.46m year-on-year.

The company also reported a net decrease in cash and cash equivalents of RMB 164.16m, a notable shift from the RMB 179.67m net increase in the prior year. Cash and cash equivalents at period-end stood at RMB 859.58m, down from RMB 1.19bn in 2024.

As of September 30, 2025, total assets were RMB 11.09bn, a slight increase from RMB 11.08bn at the end of 2024. Total liabilities decreased to RMB 4.77bn from RMB 4.86bn, while owner's equity rose to RMB 6.33bn from RMB 6.22bn. Chongqing Gas is indirectly owned as to 39.43% by China Resources Gas Group Limited.