On August 23, Enn Energy (02688.HK) announced that in the first half of 2024, the group's natural gas retail volume reached 12.71 billion cubic meters, a year-on-year increase of 4.5%; the sales volume of the pan-energy business reached 19.74 billion kilowatt-hours, a year-on-year increase of 26.0%; the gross profit of the smart home business increased by 23.0%. The group continues to optimize its profit structure, with the gross profit proportion of sustainable businesses such as natural gas sales, pan-energy business, and smart home business rising by 8.6% to 87.3%, and the core profit of domestic basic business increasing by 9.5%. At the same time, we have optimized the domestic and overseas debt structure, reduced the proportion of overseas debt, decreased interest-bearing liabilities to 19.825 billion yuan, and the comprehensive financing cost is 3.4%, promoting the continuous development of the business.
During the period, the group focused on the strategic positioning of "utilizing intelligent innovative services, becoming a service provider based on natural gas business, and creating multi-product value for customers", consolidating the foundation of natural gas business, accelerating the creation of multi-product value, and further optimizing the profit structure, with the gross profit proportion of sustainable businesses such as natural gas sales, pan-energy business, and smart home business rising by 8.6% to 87.3%. The group's revenue recorded 54.587 billion yuan, a year-on-year increase of 0.9%. The core profit of domestic basic business reached 3.08 billion yuan, a year-on-year increase of 9.5%, and the basic earnings per share were 2.29 yuan. The board of directors declared a midterm dividend of HK$0.65 per share (equivalent to about 0.59 yuan).
