【Brokerage Focus】CITIC SEC: Changes in Consumer structure, the gas Industry returns to the right track while urban gas growth is moderate.

Jinwu Financial News | CITIC SEC stated that after a consecutive two years of approximately 8% apparent Consumer growth in 2023-2024, domestic gas consumption has emerged from the low point, and the Industry growth rate has returned to normal. Unlike the historically prominent growth rate of nationwide urban gas sales, during this round of demand recovery, the performance of nationwide leading urban gas sales has been modest and generally weaker than the overall Industry growth rate, marking a turning point in the growth rate difference. The current market environment is very favorable for LNG heavy trucks, with sales experiencing a full explosion after 2023; as the Energy transition advances, the significant increase in the Electrical Utilities system's demand for flexibility is also supporting gas and power.

Jingu Financial News08:46

CHINA RES GAS (01193.HK): Focusing on core gas Assets, the dividend logic becomes increasingly solid.

Investment highlights: National urban gas flagship, backed by China Resources Group; the company mainly focuses on urban gas projects in first- and second-tier cities, with locational advantages establishing its core Assets attributes. The company's largest Shareholder is China Resources Group, one of the largest diversified state-owned enterprises in China.

Huayuan SecuritiesMar 6 10:22

CHINA RES GAS (01193.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.

Galunhui reported on March 3rd that CHINA RES GAS (01193.HK) announced that the Board of Directors meeting will be held on Friday, March 28, 2025, to consider and approve the year-end performance of the company and its subsidiaries for the year ending December 31, 2024, and to consider the proposal for declaring a final dividend (if any).

Gelonghui FinanceMar 3 17:02

CHINA RES GAS: DATE OF BOARD MEETING

HKEXMar 3 17:00 · Announcements

According to reports, the LNG import volume in mainland China in February fell to the lowest level in five years.

According to a report by Bloomberg, due to weak demand and rising Henry Hub Natural Gas prices attracting logistics flows, China's liquefied natural gas imports dropped to the lowest level in five years last month. The report cites third-party data indicating that in February, China's liquefied natural gas imports were 4.5 million tons, marking the second consecutive month lagging behind Japan. Wei Xiong, the head of China Natural Gas Research at Rystad Energy, stated that China's winter was relatively warm, storage inventories were sufficient, and industrial demand was quite low. She mentioned that ample inventories might continue to suppress imports before the heating season ends. Wei Xiong also pointed out that some Chinese natural gas companies have experienced changes in the past few months.

AASTOCKSMar 3 12:06

Shanghai Electric Group has partnered with China Resources Group to deepen cooperation in multiple fields.

Yesterday (the 27th), Wang Cuijun, General Manager of China Resources Group, held talks with Wu Lei, Chairman of Shanghai Electric Group, and his delegation. Both sides exchanged views on further expanding cooperation in multiple areas. Wang Cuijun expressed that the Group is willing to deepen cooperation with Shanghai Electric in the future, focusing on energy supply security, technology innovation, and health care, aiming to develop more areas of growth while enhancing strategic synergy in both traditional and New energy fields, promoting both parties' sustainable development and innovative transformation upgrades. Wu Lei expressed anticipation for further deepening cooperation in industrial real estate, elevators, Medical equipment, and the construction of the Shagouhuan large-scale base.

AASTOCKSFeb 28 08:16