Declared Dividend • Jul 06
Dividend of CN¥0.96 announced Shareholders will receive a dividend of CN¥0.96. Ex-date: 9th July 2026 Payment date: 9th July 2026 Dividend yield will be 6.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
ENN Natural Gas Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 ENN Natural Gas Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Tin Chak Wong was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
ENN Natural Gas Co., Ltd., Annual General Meeting, May 15, 2026 ENN Natural Gas Co., Ltd., Annual General Meeting, May 15, 2026, at 10:30 China Standard Time. Location: The Company's Meeting Room, Langfang, Hebei China Announcement • Mar 30
ENN Natural Gas Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 ENN Natural Gas Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
ENN Natural Gas Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 ENN Natural Gas Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Announcement • Sep 30
ENN Natural Gas Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 ENN Natural Gas Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
ENN Natural Gas Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 ENN Natural Gas Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 26
ENN Natural Gas Co.,Ltd., Annual General Meeting, May 28, 2025 ENN Natural Gas Co.,Ltd., Annual General Meeting, May 28, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Langfang, Hebei China Announcement • Mar 28
ENN Natural Gas Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 ENN Natural Gas Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 27
ENN Natural Gas and Xinneng (Hong Kong) Announce Pre-Conditional Proposal to Privatise ENN Energy Reference is made to the joint announcement (the "Joint Announcement") issued by ENN Natural Gas Co.,Ltd. (SHSE:600803) ("ENN-NG"), Xinneng (Hong Kong) Energy Investment Limited (the "Offeror") and ENN Energy Holdings Limited (SEHK:2688) ("ENN") on March 26, 2025 regarding, among others, the pre-conditional proposal by the Offeror to privatize ENN by way of a scheme of arrangement under section 86 of the Companies Act (2025 Revision) of the Cayman Islands (the "Proposal") and ENN Share Option Offer. The attention of ENN Shareholders, ENN Share Option Holders, ENN Share Award Holders and potential investors of ENN is drawn to the announcements published by ENN-NG on the Shanghai Stock Exchange (the "A Share Announcements") on March 26, 2025 in relation to the Proposal and the ENN Share Option Offer, the list of which is set out in the Annex 4 of the Joint Announcement. ENN-NG proposed, with Xinneng HK as the Offeror, to present a scheme to privatize ENN to the Scheme Shareholders and a Share Option Holder to ENN Share Option Holders upon satisfaction of the Pre-Conditions. This privatization scheme will be implemented by way of a scheme of arrangement under Section 86 of the Cayman Islands Companies Law. Upon the scheme of arrangement taking effect, ENN will become a wholly-owned subsidiary of Xinneng HK and will be delisted from the Stock Exchange. ENN-NG will be listed on the Main Board of the Stock Exchange by way of introduction, and the Scheme Shareholders will become of H shareholders of ENN-NG. Announcement • Dec 27
ENN Natural Gas Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 ENN Natural Gas Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.30 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.31 (up from CN¥0.30 in 3Q 2023). Revenue: CN¥31.8b (up 10% from 3Q 2023). Net income: CN¥961.5m (up 6.9% from 3Q 2023). Profit margin: 3.0% (down from 3.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
ENN Natural Gas Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 ENN Natural Gas Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.24 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.24 in 2Q 2023). Revenue: CN¥32.8b (flat on 2Q 2023). Net income: CN¥1.45b (up 94% from 2Q 2023). Profit margin: 4.4% (up from 2.3% in 2Q 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 28
ENN Natural Gas Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 ENN Natural Gas Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • Jun 05
ENN Natural Gas Co.,Ltd., Annual General Meeting, Jun 27, 2024 ENN Natural Gas Co.,Ltd., Annual General Meeting, Jun 27, 2024, at 09:00 China Standard Time. Location: No. 777, Haizhou Road, Donggang Subdistrict, Putuo District, Zhoushan, Zhejiang China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.47 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.35 (down from CN¥0.47 in 1Q 2023). Revenue: CN¥34.2b (flat on 1Q 2023). Net income: CN¥1.08b (down 26% from 1Q 2023). Profit margin: 3.2% (down from 4.2% in 1Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 29
ENN Natural Gas Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 ENN Natural Gas Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥2.30 (vs CN¥1.90 in FY 2022) Full year 2023 results: EPS: CN¥2.30 (up from CN¥1.90 in FY 2022). Revenue: CN¥143.8b (down 6.7% from FY 2022). Net income: CN¥7.09b (up 21% from FY 2022). Profit margin: 4.9% (up from 3.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
ENN Natural Gas Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 23, 2024 ENN Natural Gas Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 23, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.47 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.47 in 3Q 2022). Revenue: CN¥28.8b (down 14% from 3Q 2022). Net income: CN¥899.5m (down 39% from 3Q 2022). Profit margin: 3.1% (down from 4.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 15
Guangdong Kaihong Technology Co., Ltd. agreed to acquire Xinneng Mining Industry Co., Ltd. from ENN Natural Gas Co.,Ltd. (SHSE:600803) for CNY 10.5 billion Guangdong Kaihong Technology Co., Ltd. agreed to acquire Xinneng Mining Industry Co., Ltd. from ENN Natural Gas Co.,Ltd. (SHSE:600803) for CNY 10.5 billion on September 12, 2023. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.24 (down from CN¥0.27 in 2Q 2022). Revenue: CN¥32.8b (down 13% from 2Q 2022). Net income: CN¥747.2m (down 4.4% from 2Q 2022). Profit margin: 2.3% (up from 2.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 26% 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 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Tang Jiasong 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 • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.41 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.41 in 3Q 2021). Revenue: CN¥33.6b (up 21% from 3Q 2021). Net income: CN¥1.62b (up 43% from 3Q 2021). Profit margin: 4.8% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥21.41, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Gas Utilities industry in Asia. Total returns to shareholders of 140% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.51 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27 (down from CN¥0.51 in 2Q 2021). Revenue: CN¥37.7b (up 45% from 2Q 2021). Net income: CN¥781.8m (down 47% from 2Q 2021). Profit margin: 2.1% (down from 5.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.1%, compared to a 13% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.22 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.22 in 1Q 2021). Revenue: CN¥35.4b (up 37% from 1Q 2021). Net income: CN¥753.6m (up 25% from 1Q 2021). Profit margin: 2.1% (down from 2.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.8%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
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: 2 independent directors. 8 non-independent directors. Independent Director Tang Jiasong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.46 (up from CN¥0.82 in FY 2020). Revenue: CN¥116.0b (up 32% from FY 2020). Net income: CN¥4.10b (up 95% from FY 2020). Profit margin: 3.5% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 15%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥27.8b (up 32% from 3Q 2020). Net income: CN¥1.13b (up 116% from 3Q 2020). Profit margin: 4.1% (up from 2.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.51 (vs CN¥0.55 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥26.0b (down 30% from 2Q 2020). Net income: CN¥1.48b (up 123% from 2Q 2020). Profit margin: 5.7% (up from 1.8% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.05 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥25.8b (up CN¥24.3b from 1Q 2020). Net income: CN¥602.5m (up CN¥537.0m from 1Q 2020). Profit margin: 2.3% (down from 4.1% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS CN¥0.82 (vs CN¥0.91 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥88.1b (up CN¥75.7b from FY 2019). Net income: CN¥2.11b (up 90% from FY 2019). Profit margin: 2.4% (down from 8.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 21
New 90-day high: CN¥15.36 The company is up 33% from its price of CN¥11.59 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.42 per share. Is New 90 Day High Low • Nov 04
New 90-day high: CN¥13.45 The company is up 10.0% from its price of CN¥12.28 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.50 per share. Analyst Estimate Surprise Post Earnings • Oct 31
Third-quarter earnings released: Revenue in line with expectations Third-quarter revenue of CN¥21.1b was in line with analyst estimates. Revenue is forecast to grow 250% over the next year, compared to a 32% growth forecast for the Chemicals industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥266.5m, down 89% from the prior year. Total revenue was CN¥23.7b over the last 12 months, down 54% from the prior year. 
