ENN Natural Gas announces share repurchases, increased financial management balance

ENN Natural Gas Co., Ltd. has released its 2025 semi-annual report, detailing key financial adjustments. The company reported a total operating income of RMB 660.15 billion and a net profit attributable to shareholders of RMB 24.08 billion for the first half of 2025. In a move to optimize its capital structure and enhance shareholder value, the company announced the repurchase and cancellation of 1,002,500 restricted shares from its 2021 equity incentive plan, with a repurchase price adjusted to RMB 4.1015 per share plus bank deposit interest. This adjustment follows a 2024 annual dividend distribution of RMB 10.3 per 10 shares.

Furthermore, the company has announced an adjustment to its 2025 restricted share incentive plan, repurchasing 200,000 restricted shares from its initial grant, resulting in a change in the total number of shares to 3,095,885,107. Additionally, shareholder ENN Science and Technology Development Co., Ltd. has unpledged 23,700,000 shares and re-pledged 23,770,000 shares. The company has also increased its daily maximum balance for entrusted financial management from RMB 5.6 billion to RMB 8 billion. These strategic financial and operational realignments are part of the company's "Quality Improvement and High Returns" action plan for 2025, aimed at strengthening its core natural gas business and enhancing returns for investors.