BOCOM International released a report on September 3, stating that China Resources Gas had a significant improvement in the gross margin of gas sales in the first half of the year, and its core profit exceeded expectations. The company's core profit for the first half of the year increased by 21% to 3.46 billion yuan, which is 8% higher than expected. In addition, compared to March of this year, the company maintained the dividend ratio unchanged in 2023, but increased the mid-term dividend by 67% to HK$0.25 per share, which was a surprise. Due to the increase in the mid-term dividend and the company's plan to maintain the dividend ratio unchanged in 2023, the bank expects the company to have a small chance of increasing the dividend ratio for 2024 by 2 percentage points to 52%. The bank maintains a "neutral" rating on the company. Due to the better-than-expected retail gas gross margin and operating cost control, and an upward adjustment of profit forecasts for 2024 to 2026 by 13%, 18%, and 19%, respectively, the compound annual growth rate of profit for 2023 to 2026 is 9.8%.