The Zhitong Finance App learned that Tianlun Gas (01600) rose more than 4% in early trading. As of press release, it had risen 4.4% to HK$4.51, with a turnover of HK$3.131,700.

According to the news, Tianlun Gas recently obtained an urban pipeline gas franchise in Shulan City, Jilin Province, for a period of 30 years. Up to now, the number of the company's urban gas projects nationwide has increased to 70. According to reports, as an important province for Tianlun gas business, Jilin Province has now laid out 12 urban gas projects. The newly included Jilin Shulan project will form strong regional synergy with Tianlun Gas's existing high-quality projects, such as the surrounding Jiutai Project, Panshi Project, Dunhua Project, etc., to facilitate business collaboration and integration with the main gas industry as the core, and jointly open up new space for regional development.

It is worth noting that gas price adjustment plans for residential pipelines have recently been announced in many places, and the sales price of gas for residential pipelines has all been raised. Everbright Securities pointed out that under the influence of factors such as high natural gas prices compounded by urban fuel companies' poor smooth prices, urban combustion companies are all facing a certain amount of profit pressure. In the future, if more places actively promote natural gas price promotion, and the procurement price of gas sources stabilizes or declines, it is expected that the profitability of urban combustion companies will recover.