Shenzhen Gas reports higher revenue, lower profit in Q3 2025

Shenzhen Gas Group announced its preliminary Q3 2025 results, reporting a total operating income of yuan 2,252,843, an 8.63% increase year-over-year. This was primarily driven by growth in gas resources and integrated energy income. However, net profit attributable to shareholders decreased by 13.08% to yuan 91,754, mainly due to reduced profits from smart service businesses. Excluding non-recurring gains and losses, net profit attributable to shareholders fell 11.59% to yuan 89,178. Basic earnings per share also saw a 13.51% decline, from yuan 0.37 to yuan 0.32.

Total natural gas sales volume increased by 18.49% to 5.03 billion cubic meters compared to the previous year. This growth was largely propelled by a substantial 167.46% increase in natural gas wholesale volume, reaching 1.18 billion cubic meters. Pipeline natural gas sales grew by 2.22% to 3.91 billion cubic meters.

By the end of the reporting period, total assets rose by 4.26% to yuan 4,714,593, and equity attributable to shareholders increased by 2.93% to yuan 1,601,673. Earnings per share attributable to shareholders decreased by 2.96% to yuan 5.57. The weighted average return on net assets fell by 1.29 percentage points to 5.78%.