Xinao Energy (02688) announced interim results. Profit attributable to shareholders of 2,667 billion yuan increased 9.8% year-on-year

According to the Zhitong Finance App, Xinao Energy (02688) announced interim results for the six months ended June 30, 2026. The group achieved a turnover of RMB 57.021 billion (same unit), an increase of 2.4%; profit attributable to the owners of the Company was RMB 2,667 billion, an increase of 9.8%; basic profit per share of RMB 2.4; and an interim dividend of HK$0.68 per share.

According to the announcement, in the first half of the year, the group actively implemented the strategic position of “using intelligent innovative services to create multiple product values for customers based on natural gas business”. The customer scale continued to expand, with household customers reaching 33.26 million, and industrial and commercial customers to 328,000. Relying on the expanding customer size, the Group gave full play to natural gas resources and operating advantages, effectively withstood market fluctuations, demonstrated good operational resilience, and continued to improve smart home's products and service capabilities, develop electricity-centered pan-energy business, and profit quality continued to improve. At the same time, the group strengthened cash flow management, and the operating cash flow reached 3,078 billion yuan, up 16.4% year on year; the loan structure also continued to be optimized, with a net debt ratio of 19.1% overall The leverage ratio remains stable. A solid operating foundation, abundant cash flow and a healthy debt structure provide strong support for the Group to effectively hedge against fluctuations in the external market environment and save momentum for sustainable development.

During the period, the Group adopted precise measures in response to the differentiated gas needs of different customer groups and steadily expanded the number of gas customers. On the side of industrial customers, we went deep into customer processes to reduce customer energy costs. Major customers implemented exclusive customer manager services, optimized the gas source structure, flexible price policies, etc. In the first half of the year, industrial users added 5.3 million cubic meters of gas per day. In terms of commercial customers, we focus on customer needs for stable and safe gas use, and use intelligently accumulated customer awareness, solution capabilities, and rapid development capabilities to achieve 1.1 million cubic meters of gas installed by commercial users per day in the first half of the year. In terms of residential customers, we have dug deep into the potential of the stock market. In this phase, 175,000 old households have been installed, effectively hedging the downward impact of the real estate market. The total number of households installed by residents is 502,000; actively promoting the straightening of residential gas prices. From the end of last year to the date of this announcement, the total number of residents who have completed favorable prices has reached 74.8%.