Xinao Energy (02688)'s retail sales of natural gas in the first three quarters of 19.230 billion cubic meters increased 0.2% year-on-year

According to the Zhitong Finance App, Xinao Energy (02688) announced that in the first three quarters of 2026, the Group recorded retail sales of 19.230 billion cubic meters of natural gas, an increase of 0.2% over the previous year. Among them, the gas sales volume of industrial and commercial users increased 0.4% year on year to 15.273 billion cubic meters, while consumer gas sales increased 1.4% year on year to 3.856 billion cubic meters.

During the period, the Group's newly developed industrial, commercial and domestic user installations remained steady. Newly developed industrial and commercial users have installed 9.296,200 cubic meters of gas per day, and about 735,500 newly developed household users have completed the project installation.

During the period, the Group's pan-energy business sales volume fell 7.2% year on year to 26.909 billion kilowatt-hours, mainly due to external economic restructuring. The Group seized the opportunity of power reform, promoted the integration of “carbon storage in the carbon storage network” and accelerated the development of the power business. Electricity sales reached 1,640 billion kilowatt-hours, an increase of 31.7% over the previous year. In the future, the Group will continue to optimize the Pan-Energy business structure and improve and enhance its profit model.

Under the “dual carbon” strategy, the low-carbon energy transition is being accelerated, and the clean transition energy position of natural gas continues to strengthen. In 2026, the Group will seize the opportunity of green upgrading and deepening inventory, insist on “achieving profit by quantity”, and focus on the different needs of major customers, industrial energy-saving transformation, and small and medium-sized businesses. Expand customer scale and consolidate the natural gas business foundation by optimizing resources, controlling costs, and intelligently matching demand and supply.

During the period, the Group continued to expand customer coverage by enriching products and scenarios around the Smart Home business. As of September 30, 2026, the penetration rate of the Group's existing customer base was 12.7%, and the penetration rate of newly developed customers was 70.0%. “Promoting consumption” will remain the focus of expanding domestic demand in 2026. The Group continues to deepen customer awareness, rely on the “e-City e-Home” platform to iterate the household needs model, drive accurate internal and external ecological supply through the platform, better meet the quality of life needs of families through intelligence, and promote smart home business upgrading.