China's Sino Gas H1 revenue falls 25% on lower LPG sales

Sino Gas Holdings

28/08/2026 15:16

Overview
China integrated gas supplier's unaudited H1 revenue declined 25% yr/yr due to lower LPG sales
Gross profit for H1 fell yr/yr, but company posted net profit versus year-ago loss
Results are unaudited and reviewed by audit committee; no interim dividend declared

Outlook
Company expects domestic LPG imports to rebound in H2, but full-yr imports may decline y/y
Sino Gas sees LPG market supported by seasonal fuel demand in Q4 and chemical margins recovery
Company expects natural gas supply-demand balance to remain tight in H2, with moderating consumption growth

Result Drivers
LPG SALES DECLINE - Co said lower LPG sales were due to supply changes, price volatility, elimination of low-margin wholesale customers and cautious customer demand
CNG REVENUE DROP - Co said CNG sales fell due to lower sales volume and unit price, caused by structural adjustment of transportation energy policies
LNG SALES GROWTH - Co said LNG sales rose due to higher sales volume, supported by industrial recovery and urban gas penetration

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 851.6 mln
 

Reuters Recommended Reads
Aug 25 - China's Kunlun Energy H1 revenue rises on LNG volume growth
Aug 27 - China Gas Industry Investment H1 revenue jumps amid liquefied gas demand strength
Aug 28 - Singapore's BW LPG Q2 profit rises on strong shipping results

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/5417384c-1abe-46c5-9d5e-a747ddeac79e.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)