Performance | China Resources Gas's full-year profit decreases by 13%, dividend drops to 65 cents

China Resources Gas (01193) announced its full-year results for the year ending last year, with a profit attributable to shareholders of HKD 3.547 billion, a year-on-year decrease of 13.24%. Basic earnings per share are HKD 1.55.

The group declared a final dividend of HKD 0.65 per share, a year-on-year decrease of 7.14%, along with an interim dividend of HKD 0.30, totaling HKD 0.95, which remains unchanged year-on-year.

During the period, revenue was HKD 97.733 billion, a year-on-year decrease of 4.81%. Total gas sales volume was 40.18 billion cubic meters, an increase of 0.68%. Of this, industrial gas sales volume was 20.48 billion cubic meters, an increase of 0.3%; commercial gas sales volume was 8.31 billion cubic meters, a decrease of 2.4%; and residential gas sales volume was 10.53 billion cubic meters, an increase of 4.9%.

China Resources Gas stated that this year it will accelerate the construction of a diversified and complementary energy service system centered on natural gas, continuously strengthen resource pool construction, deepen long-term cooperation with strategic suppliers, enhance the interconnection of pipeline networks and gas storage peak regulation capabilities, steadily increase the scale of comprehensive energy business, and expand low-carbon energy application scenarios; it will also steadily improve performance quality and shareholder returns through strategic focus, operational optimization, and innovative synergy, achieving sustainable value enhancement in the process of green transformation and high-quality development.