China Res Gas (01193) is currently down over 4%, as of the time of drafting, down 4.28%, at HK$30.2, with a turnover of 58.1145 million Hong Kong dollars.
According to the Wise Finance APP, China Res Gas (01193) is currently down over 4%, as of the time of drafting, down 4.28%, at HK$30.2, with a turnover of 58.1145 million Hong Kong dollars.
On the news front, China Res Gas released the performance of its subsidiary Chongqing Gas for the nine months ending September 30, 2024, with total operating income of 7.171 billion yuan, a year-on-year increase of 0.06%; net income of 0.274 billion yuan, a year-on-year decrease of 3.47%.
Haitong Int'l previously pointed out that thanks to steady growth in retail gas sales volume and connection business, China Res Gas saw further improvement in first-half revenue and gross margin. Residential and commercial users drove the growth in retail gas sales volume for the company. The comprehensive energy business saw overall improvement in revenue and profitability. Looking ahead to 2024, the bank believes that the macroeconomic and industry environment will still pose challenges to future profits, but the company's overall operation remains relatively stable.