According to the Zhidao Finance APP, China Resources Gas (01193) rose more than 5% in the afternoon, and as of press time, it rose 5.59%, reporting HKD 28.35, with a turnover of HKD 49.1262 million.

Industrial Securities stated that the global center of natural gas prices has fallen back, and domestic price promotion policy has continued to promote, and the profit of urban gas industry has reached a turning point; the decline in gas prices and the expected economic recovery are expected to further release gas demand, and the consumption of natural gas, as a transitional energy source with low carbon emissions, is expected to grow in the long term. Gross margin management endows urban gas public utilities with characteristics of steady operation cash flow assets with improved infiltration and moderate growth. The bank stated that the industry will remain in the 1.0 era of low infiltration, high capital expenditure, and high growth rate until 2022, and will enter the 2.0 era of low infiltration, moderate growth, and dividend.

Everbright Securities previously pointed out that under the influence of high natural gas prices and the unsmooth promotion of urban gas company's price promotion, urban gas companies are all facing certain profit pressures. In the future, if more places actively promote natural gas price promotion work, and coupled with upstream gas procurement prices stabilizing or declining, it is expected that the profit-making ability of urban gas companies will be restored.