Gelonghui, December 4 | According to a research report published by CCB International, China Resources Gas's retail natural gas sales volume and gas sales price differences in the first ten months are recovering. Supported by a slight improvement in commercial and industrial demand, the company's natural gas sales growth rate rose from 6.9% in the first half of the year to 7.6% in the first ten months. The difference in gas sales per cubic meter expanded from 0.5 yuan to 0.54 to 0.55 yuan. The bank expects gas sales volume to increase by 8% throughout the year, and also believes that the gas price difference will remain at 0.5 yuan per cubic meter in the second half of the year. The bank said that the approval of the Tianjin Development and Reform Commission on September 1 to adjust sales prices for residential gas will help restore some profits. It believes that there is still potential room for growth in the company's profit forecast, provided that subsidies are needed to make up for losses. The bank raised the company's profit estimates for the 2024-26 fiscal year by 1%, 2%, and 3% respectively, mainly reflecting higher sales forecasts. It also raised the target price from HK$26 to HK$27.7, maintaining the “outperform the market” rating.