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全力推动业务升级 新奥能源(02688)发布中期业绩 国内基础业务核心利润30.8亿元 同比增加9.5%

Efforts are being made to promote business upgrades. enn energy (02688) released its interim results. The core profit of the domestic basic business increased by 3.08 billion yuan, a year-on-year increase of 9.5%.

Zhitong Finance ·  Aug 23 04:45

ENN Energy (02688) released the interim performance for the six months ended June 30, 2024, during which the group achieved...

According to the news from the Zhixun Finance and Economics APP, ENN Energy (02688) released the interim performance for the six months ended June 30, 2024. The group's operating revenue increased by 0.9% to 54.587 billion yuan (RMB, the same below) year-on-year; the gross profit was 6.465 billion yuan; the attributable profit to shareholders was 2.573 billion yuan; the core profit of the domestic basic business was 3.08 billion yuan, an increase of 9.5% year-on-year; the basic earnings per share was 2.29 yuan; a mid-term dividend of 0.65 Hong Kong dollars per share is proposed.

The announcement stated that in the first half of the year, the group completed the installation of 0.775 million household users, and has signed contracts for projects expected to complete installations for over 0.7 million households in the second half of the year. In the second half of the year, the group will seize the opportunity of promoting the integration of buildings and transportation, new urbanization, and the renovation of old communities, actively expanding new customers, deeply tapping old customers, and further enhancing the business reserve. For the six months ended June 30, 2024, the group achieved a 4.5% year-on-year growth in retail natural gas sales volume, with revenues and gross profits increasing by 3.0% and 7.4% to 30.085 billion yuan and 3.138 billion yuan, respectively.

In terms of project development, the group signed contracts for 707 pan-energy projects in the first half of the year, including 412 pan-energy microgrid projects, 4 low-carbon parks, 90 low-carbon buildings, and 201 low-carbon factories. In terms of operation delivery, there are currently 72 pan-energy projects under construction, with 36 pan-energy projects completed and put into operation during the period. The cumulative total of pan-energy projects put into operation has reached 332, with a total annual supply capacity of 57.4 billion kilowatt hours for projects under construction and in operation. At the same time, it continues to enhance the operational income of projects in operation, reduce costs and increase efficiency through differentiated measures such as the substitution of low-cost heat sources, negotiation of procurement prices, energy-saving system transformation, and precise measurement. Smart tools are used to achieve real-time data comparison and early warning during project operations, supporting the improvement of quality and efficiency and the safe and stable operation of pan-energy projects. For the six months ended June 30, 2024, the group achieved a 26.0% year-on-year increase in pan-energy sales volume, with business revenue and gross profit increasing by 17.6% and 17.0% to 8.219 billion yuan and 1.068 billion yuan, respectively.

The group actively seizes opportunities, responds to challenges, and fully promotes business upgrades around new scenarios and new demands. In the first half of the year, the group's retail natural gas volume reached 12.71 billion cubic meters, a year-on-year increase of 4.5%; pan-energy sales volume reached 19.74 billion kilowatt hours, a year-on-year increase of 26.0%; and smart home business gross profit increased by 23.0%. The group continues to optimize the profit structure, with the gross profit contribution from sustainable businesses such as natural gas sales, pan-energy, and smart home increasing by 8.6% to 87.3%, and the core profit of the domestic basic business increasing by 9.5%. At the same time, the group optimizes the domestic and overseas debt structure, reduces the proportion of overseas debt, reduces interest-bearing liabilities to 19.825 billion yuan, and the comprehensive financing cost is 3.4%, promoting the sustained development of the business.

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