Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wilson Kwok was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Mar 25
Kunlun Energy Company Limited, Annual General Meeting, May 28, 2026 Kunlun Energy Company Limited, Annual General Meeting, May 28, 2026. Annuncio • Mar 10
Kunlun Energy Company Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Kunlun Energy Company Limited announced that they will report fiscal year 2025 results on Mar 24, 2026 Annuncio • Jan 30
Kunlun Energy Company Limited Announces Board and Committee Changes, Effective January 30, 2026 Kunlun Energy Company Limited announces that Mr. Qian Zhijia has resigned as an executive director and authorized representative of the Company due to change of work arrangements with effect from January 30, 2026. The Board announces that with effect from January 30, 2026, Mr. He Yongli has been appointed as an executive director and authorized representative of the Company. Mr. He, aged 45, is currently the vice president and safety director of the Company, concurrently serving as the general manager and safety director of PetroChina Natural Gas Marketing Company. Mr. He is a senior engineer and obtained his doctorate in engineering from China University of Geosciences (Beijing) in July 2010. Mr. He has over 20 years of working experience within the oil and natural gas industry. Since July 2002, he has successively held positions at Liaohe Oilfield Branch of PetroChina Company Limited and CNPC Greatwall Drilling Engineering Company Limited. He joined the Company in January 2012. Since January 2018, he has served as the general manager of PetroChina Jiangsu LNG Co. Ltd. Since May 2020, he has served as the general manager of the Quality, Health, Safety and Environmental Protection Department of the Company. Since February 2021, he has served as the vice president of PetroChina Natural Gas Marketing Company (Western Branch). From September 2021, he has concurrently served as the executive vice president of Tarim Oilfield Dina Branch (on secondment). From December 2022, he has served as the vice president of the Company. From April 2023, he has concurrently served as the safety director of the Company. From January 2026, he has served as the general manager and safety director of the PetroChina Natural Gas Marketing Company. Following the change of directorship as disclosed above, with effect from January 30, 2026, Mr. Qian has ceased to be the chairman and a member of the sustainability committee of the Company, Mr. He, who is already a member of the sustainability committee of the Company, has been appointed as the chairman of the sustainability committee of the Company, and Mr. Qi Zhenzhong, a non-executive Director, has been appointed as a member of the sustainability committee of the Company. Annuncio • Aug 07
Kunlun Energy Company Limited to Report Q2, 2025 Results on Aug 19, 2025 Kunlun Energy Company Limited announced that they will report Q2, 2025 results on Aug 19, 2025 Annuncio • May 30
Kunlun Energy Company Limited Approves Final Ordinary dividend for the Financial Year End 31 December 2024, Payable on July 18, 2025 Kunlun Energy Company Limited approved final ordinary dividend of RMB 0.1517 per share for the financial year end 31 December 2024. Ex-dividend date 02 June 2025, Record date 05 June 2025 and Payment date 18 July 2025. Annuncio • Mar 11
Kunlun Energy Company Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Kunlun Energy Company Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Upcoming Dividend • Sep 02
Upcoming dividend of HK$0.18 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 31 October 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.6%). Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.37 in 1H 2023) First half 2024 results: EPS: CN¥0.38 (up from CN¥0.37 in 1H 2023). Revenue: CN¥92.9b (up 6.7% from 1H 2023). Net income: CN¥3.31b (up 2.6% from 1H 2023). Profit margin: 3.6% (down from 3.7% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Annuncio • Aug 12
Kunlun Energy Company Limited to Report Q2, 2024 Results on Aug 26, 2024 Kunlun Energy Company Limited announced that they will report Q2, 2024 results on Aug 26, 2024 Annuncio • May 31
Kunlun Energy Company Limited Approves Final Dividend for the Year Ended 31 December 2023, Payment 18 July 2024 Kunlun Energy Company Limited approved Final Dividend of RMB 28.38 per share for the Year Ended 31 December 2023, payable on 18 July 2024 to the Shareholders whose names appear on the register of members of the Company as at 6 June 2024, being the Record Date. Upcoming Dividend • May 27
Upcoming dividend of HK$0.30 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%). Annuncio • May 09
Kunlun Energy Company Limited Announces Board Changes The board (the "Board") of directors (the "Directors") of Kunlun Energy Company Limited announces that Mr. Zhou Yuanhong has resigned as an executive Director due to his other work engagements with effect from 8 May 2024. The Board announce that with effect from 8 May 2024, Ms. Lyu Jing has been appointed as a non-executive Director. Ms. Lyu Jing ("Ms. Lyu"), aged 45, currently serves as the deputy director-general of the legal &corporate reform department of China National Petroleum Corporation ("CNPC") and the supervisor of China Petroleum Engineering Corporation. Ms. Lyu holds a Ph.D. in Law with extensive legal expertise and over 20 years of experience in the oil and gas industry. She has long been engaged in the legal compliance work for the international business of CNPC, and has successively engaged in legal work in CNPC-AktobeMunaiGas JSC, PetroKazakhstanInc. and PetroChina International Exploration & Development Company; since December 2014, she has successively served as the director of the legal department, director of the shareholders' affairs department, deputy general counsel, and deputy chief economist of China National Oil and Gas Exploration and Development Co., Limited; since June 2021, she has served as the deputy director-general and general counsel of China Petroleum Technology and Development Corporation; since July 2023, she has served as the deputy director-general of the legal & corporate reform department of CNPC. Ms. Lyu is a senior economist and received her bachelor of laws degree from the Moscow State University of Economics, Statistics, and Informatics and her Ph.D. in laws from the Kutafin Moscow State Law University. Annuncio • Apr 21
Kunlun Energy Company Limited, Annual General Meeting, May 30, 2024 Kunlun Energy Company Limited, Annual General Meeting, May 30, 2024, at 11:00 China Standard Time. Location: Concord Room, 8th Floor, Renaissance Harbour View Hotel Hong Kong, 1 Harbour Road, Wanchai Hong kong Wanchai Hong Kong Agenda: To receive, consider and adopt the audited financial statements of the Company and the reports of Directors and of the auditor of the Company for the year ended 31 December 2023; To declare and pay a final dividend of RMB28.38 cents per ordinary share of the Company for the year ended 31 December 2023. Declared Dividend • Mar 27
Dividend of HK$0.30 announced Shareholders will receive a dividend of HK$0.30. Ex-date: 3rd June 2024 Payment date: 18th July 2024 Dividend yield will be 39%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2023 earnings released: EPS: CN¥0.66 (vs CN¥0.60 in FY 2022) Full year 2023 results: EPS: CN¥0.66 (up from CN¥0.60 in FY 2022). Revenue: CN¥177.4b (up 3.1% from FY 2022). Net income: CN¥5.68b (up 8.7% from FY 2022). Profit margin: 3.2% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Mar 09
Kunlun Energy Company Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Kunlun Energy Company Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Reported Earnings • Aug 30
First half 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.36 in 1H 2022) First half 2023 results: EPS: CN¥0.37 (up from CN¥0.36 in 1H 2022). Revenue: CN¥87.1b (up 3.8% from 1H 2022). Net income: CN¥3.22b (up 4.6% from 1H 2022). Profit margin: 3.7% (in line with 1H 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 15
Kunlun Energy Company Limited to Report First Half, 2023 Results on Aug 29, 2023 Kunlun Energy Company Limited announced that they will report first half, 2023 results on Aug 29, 2023 Upcoming Dividend • May 29
Upcoming dividend of HK$0.29 per share at 4.2% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥0.60 (vs CN¥0.59 in FY 2021) Full year 2022 results: EPS: CN¥0.60 (up from CN¥0.59 in FY 2021). Revenue: CN¥172.9b (up 25% from FY 2021). Net income: CN¥5.23b (up 1.7% from FY 2021). Profit margin: 3.0% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jasper Tsang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
First half 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.30 in 1H 2021) First half 2022 results: EPS: CN¥0.36 (up from CN¥0.30 in 1H 2021). Revenue: CN¥84.2b (up 30% from 1H 2021). Net income: CN¥3.08b (up 19% from 1H 2021). Profit margin: 3.7% (down from 4.0% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.3% compared to a 15% decline forecast for the Gas Utilities industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annuncio • Aug 24
Kunlun Energy Company Limited to Report First Half, 2022 Results on Sep 16, 2022 Kunlun Energy Company Limited announced that they will report first half, 2022 results on Sep 16, 2022 Board Change • Jul 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jasper Tsang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 09
Kunlun Energy Company Limited Appoints Gao Xiangzhong as Executive Director and Member of the Sustainability Committee The board of directors of Kunlun Energy Company Limited announced that, pursuant to a resolution of the Directors on 8 July 2022 and with effect from 8 July 2022, Mr. Gao Xiangzhong (Mr. Gao), the Chief Financial Officer of the Company, has been appointed as executive Director of the Company and Mr. Gao has been appointed as a member of the Sustainability Committee of the Company with effect from 8 July 2022. Mr. Gao, aged 56, is currently the chief accountant of PetroChina Natural Gas Marketing Company. Mr. Gao is a senior accountant and has obtained a Bachelor of Arts degree from Peking University and a Master of Business Administration degree from University of Science and Technology Beijing. Mr. Gao has over 30 years of working experience in the oil and gas industry. He has been engaged in auditing and financial management for many years, and has extensive professional knowledge and practical experience in financial management. He has served successively in Sinopec Shengli Petroleum Administration Bureau and PetroChina Audit Center since 1987, has been the deputy chief auditor of PetroChina Audit Center since November 2015, has been the chief accountant of PetroChina Natural Gas Marketing (Western) Company since December 2016, has been the chief accountant of PetroChina Transportation Co. Ltd. since October 2020, and has been the chief accountant of PetroChina Natural Gas Marketing Company since March 2022. Upcoming Dividend • May 23
Upcoming dividend of HK$0.25 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.0%). Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.59 (vs CN¥0.41 in FY 2020) Full year 2021 results: EPS: CN¥0.59 (up from CN¥0.41 in FY 2020). Revenue: CN¥138.5b (up 27% from FY 2020). Net income: CN¥5.14b (up 44% from FY 2020). Profit margin: 3.7% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11% compared to a 6.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Annuncio • Mar 31
Kunlun Energy Company Limited, Annual General Meeting, May 25, 2022 Kunlun Energy Company Limited, Annual General Meeting, May 25, 2022. Agenda: To consider the dividend. Annuncio • Mar 30
Kunlun Energy Company Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable 14 July 2022 Kunlun Energy Company Limited announced Final dividend of HKD 0.2522 per share for the year ended 31 December 2021. Ex-dividend date 30 May 2022, Record date is 02 June 2022 and Payment date is 14 July 2022. Annuncio • May 27
Kunlun Energy Company Limited Approves Special Dividend, Payable on or Before 30 July 2021 Kunlun Energy Company Limited announced that at the AGM held on 26 May 2021, the company approved the special dividend of 213.66 RMB cents per ordinary share of the Company. Payable on or before 30 July 2021 to the shareholders of the Company whose names appear on the register of members of the Company as at 3 June 2021, being the Record Date. Annuncio • May 26
Kunlun Energy Company Limited Proposes Final Dividend, Payable on or Before 30 July 2021 Kunlun Energy Company Limited proposed distribution of a final dividend of 21.01 RMB cents per ordinary share of the company for the year ended 31 December 2020 and a special dividend of 213.66 RMB cents per Share, totaling 234.67 RMB cents per Share payable on or before 30 July 2021 to the shareholders of the Company whose names appear on the register of members of the Company as at 3 June 2021, being the record date to determine Shareholders' entitlement to the proposed Total Dividend and subject to the approval of the Shareholders at the Company's upcoming annual general meeting on 26 May 2021. Upcoming Dividend • May 24
Upcoming dividend of CN¥2.35 per share Eligible shareholders must have bought the stock before 31 May 2021. Payment date: 30 July 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.0%). Annuncio • Apr 20
Kunlun Energy Company Limited Proposes Special Dividend, Payable on or Before 30 July 2021 Kunlun Energy Company Limited proposed special dividend of RMB 213.66 cents per ordinary share of the company at its Annual General Meeting will be held on 26 May 2021. Record date is 3 June 2021. The payment is expected to be made on or before 30 July 2021. Annuncio • Mar 25
Kunlun Energy Company Limited Recommends Special Dividend for the Year Ended 31 December, Payable on or Before 30 July 2021 The Board of Kunlun Energy Company Limited recommended the payment of a special dividend of RMB 213.66 cents per share to shareholders whose names appear on the company's register of members (the "Shareholders Register") on 3 June 2021. The payment of the special dividend is subject to (i) the completion of the disposal of 60% equity interest in Beijing Pipeline and 75% equity interest in Dalian LNG (the "Transaction") in accordance with the terms and conditions under the equity transfer agreement ("Equity Transfer Agreement") entered into between the Company and PipeChina on 20 December 2020; (ii) the receipt by the company of the proceeds from the Transaction; and (iii) the approval of the Shareholders at the 2021 AGM. The payment is expected to be made on or before 30 July 2021. Annuncio • Mar 09
Kunlun Energy Company Limited to Report Q4, 2020 Results on Mar 23, 2021 Kunlun Energy Company Limited announced that they will report Q4, 2020 results on Mar 23, 2021 Is New 90 Day High Low • Feb 19
New 90-day high: €0.82 The company is up 24% from its price of €0.67 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.66 per share. Is New 90 Day High Low • Jan 08
New 90-day high: €0.75 The company is up 35% from its price of €0.56 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.16 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €0.72 The company is up 35% from its price of €0.54 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.43 per share. Annuncio • Dec 19
Kunlun Energy Company Limited Announces Board Changes The board of directors of Kunlun Energy Company Limited announced that Mr. Cheng Cheng ("Mr. Cheng"), the Company's current company secretary, has resigned due to the reason of his other work engagements and has ceased to be the company secretary of the Company from 17 December 2020. The Board also announce that Mr. Xie Mao ("Mr. Xie") has been appointed as the company secretary of the Company with effect from 17 December 2020.
Mr. Xie, aged 50, is a senior economist and holds a Master of Business Administration from Zhejiang University and attended Stanford University as a visiting fellow with a focus on the development of the natural gas industry and the management mechanism of downstream gas business in the university's Walter H. Shorenstein Asia-Pacific Research Center during 2012 to 2013. Mr. Xie has been appointed as the secretary to the Board since May 2016 and is affiliated person of the Hong Kong Institute of Chartered Secretaries. Is New 90 Day High Low • Sep 26
New 90-day low: €0.54 The company is down 6.0% from its price of €0.57 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.19 per share. Annuncio • Sep 17
Beijing Beiran Blue Sky Energy Co. Ltd. Enters into the Agreement with Kunlun Energy Company Limited The Board of Beijing Gas Blue Sky Holdings Limited announced that on 16 September 2020, (after trading hours), Beijing Beiran Blue Sky Energy Co. Ltd., an indirect wholly-owned subsidiary of the Company, entered into the Agreement with Kunlun Energy Company Limited, pursuant to which Kunlun Shihua agreed to sell and Beijing Beilan agreed to
purchase LNG for a period from 16 September 2020 to 31 January 2021 (both days inclusive). Basis of Pricing: Beijing Beilan shall purchase 6,000 tons of LNG per month within the aforementioned period. The actual amount of purchase of LNG will be subject to the quantity confirmed in the price and quantity confirmation letter by both parties and will depend on the supply and demand of the market and the utilization plan of Beijing Beilan. Pursuant to the Agreement, the pricing for the sale and purchase of LNG is determined by arm's
length negotiations on normal commercial terms and is in accordance with the following principles: The benchmark price quoted by Sinopec's receiving terminal and confirmed by both parties by way of quotation letter; The quantity of gas supply guaranteed by and the distribution services provided by Kunlun Shihua; and The purchase price from Kunlun Shihua will be no less favourable than the purchase price from the Independent Third Parties purchasing at the same time of similar order quantities. During the current month's supply of LNG, the parties may adjust the purchase price by mutual agreement in case of any change on the benchmark price. Beijing Beilan shall pay in advance RMB 10,000,000 and any amount exceeds RMB 10,000,000 shall be paid upon receipt of the LNG. The Annual Cap of the Agreement for the period commencing from 16 September 2020 to 31 January 2021 is RMB 105,360,000 (equivalent to approximately HKD 119,436,000). The Annual Cap is determined based on the followings: (i) the estimated purchase quantity of the LNG at 6,000 tons per month by Beijing Beilan; and (ii) a preliminary estimate with reference to the average price of LNG in the past 20 months of approximately RMB 3,512 per ton. The actual settlement amount shall be calculated based on the actual sale and purchase quantity of LNG between the parties and the market price of LNG. Should the actual settlement amount exceed the above Annual Cap, the Company will revise the Annual Cap in compliance with the relevant requirements under Chapter 14A of the Listing Rules. Annuncio • Aug 12
Kunlun Energy Company Limited to Report First Half, 2020 Results on Aug 25, 2020 Kunlun Energy Company Limited announced that they will report first half, 2020 results on Aug 25, 2020