【1083 Results】Hong Kong and China Gas Smart Energy Earned 1.3% Less Last Year, Final Dividend of 14 Cents　Current Price Dividend Yield of 5%

SocialAnxietyStaker · 2026-03-18T09:48:29+00:00

Hua Energy Intelligence's pure profit last year slightly declined to RMB 15.85 billion, with revenue decreasing to RMB 20.912 billion, while gas sales volume grew by 1%. The group steadily advanced its "Gas+" business, adding 500 megawatts of newly connected photovoltaic capacity, with total installed capacity reaching 2.8 gigawatts and photovoltaic power generation increasing by 36%. REITs products have been issued, with cumulative assets under management reaching RMB 3.5 billion.

SocialAnxietyStaker

2026-03-18 09:48:29

Abstract generation in progress

Honghua Smart Energy (01083)
Net profit for last year decreased by 1.3% year-on-year to HKD 1.585 billion, with core business profit down 1.7% to HKD 1.573 billion. Honghua’s final dividend decreased by 12.5% year-on-year to 14 cents; the full-year dividend remained at 19 cents, flat compared to the previous year. Based on Wednesday’s closing price of HKD 3.8, the current dividend yield is 5%.

Honghua’s revenue decreased by 1.9% year-on-year to HKD 20.912 billion. The group actively promotes natural gas applications in the industrial and commercial markets and the renovation of old communities using pipeline natural gas. Gas sales volume increased by 1% to 17.371 billion cubic meters. The year saw steady implementation of price adjustments, with the city gas comprehensive price difference increasing by 2 cents RMB to RMB 0.58 per cubic meter.

Honghua’s distributed photovoltaic (PV) capacity added 500 MW of grid connection within the year

By the end of 2025, the group’s total number of urban gas projects in Mainland China will reach 197, spanning 19 provincial-level regions. The group added 750,000 new customers this year, bringing the total customer base to 18.39 million. Honghua has been vigorously promoting the “Gas+” business in recent years. Last year, energy sales reached 1.63 billion kWh (approximately 160 million cubic meters of natural gas), driving natural gas sales of 156 million cubic meters.

In renewable energy, by the end of 2025, the distributed PV grid connection added 500 MW within the year, with total installed capacity reaching 2.8 GW. PV power generation increased by 36% to 2.48 billion kWh, and electricity sales trading volume reached 8.4 billion kWh. The company successfully issued the second and third phases of REIT-like products within the year, with assets under management (AUM) totaling RMB 3.5 billion.

Source: HKEX Announcement

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