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Shenzhen Gas Corp Ltd

Shenzhen Gas Corporation Ltd. provides urban gas, natural gas, and LPG energy. It operates through four segments: City Gas, Gas Resources, Integrated Energy, and Smart Service. The company sells pipeline gas to urban residents, industrial and commercial enterprises, and power plants, and offers gas facilities, equipment, and natural gas pipeline installation services. It also purchases and sells natural gas to generate electricity and supply heat, and is involved in the liquefied petroleum gas wholesale business through a network of 80,000 cubic meters. Additionally, it engages in new energy sources such as photovoltaics, energy trading, energy-saving services, integrated energy supply, and the research and development and promotion of deep-fired turbines. The company also provides gas utilities including city pipeline gas sales and engineering construction, liquefied petroleum gas retail and wholesale, photovoltaic product sales, and new energy power generation. It supplies gas transmission and distribution equipment, IoT gas meters, self-branded gas appliances, and pipeline safety technology services, as well as urban gas transmission and distribution equipment, remote monitoring system equipment, and gas user equipment to gas companies and users, along with comprehensive solutions for the construction of gas transmission and distribution systems and maintenance services for product operations. Shenzhen Gas Corporation Ltd. was founded in 1982 and is headquartered in Shenzhen, China.

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601139.CG

Shenzhen Gas reports first-half 2026 net profit of 778 million yuan, up 22.02% year on year

Shenzhen Gas released its 2026 interim report, with total operating revenue of 14.788 billion yuan and net profit attributable to the parent company of 778 million yuan, up 22.02% from the same period last year. Net cash inflow from operating activities was 1.431 billion yuan, up 109.75% year on year. The company's asset-liability ratio was 58.69%, gross margin was 15.83%, return on equity was 4.64%, and diluted earnings per share was 0.27 yuan. The number of shareholders was 47,600, and the top ten shareholders held 79.24% of the total share capital.
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Shenzhen Gas Completes Issuance of 1 Billion Yuan Medium-Term Notes

Shenzhen Gas completed the issuance of its first tranche of medium-term notes for 2026 on August 21, 2026, with an actual total issuance of 1 billion yuan, a term of 10 years, and a coupon rate of 2.09 percent. This tranche is the company's first issuance after completing the registration of 6 billion yuan in medium-term notes on July 31, 2026, with China Merchants Bank serving as lead underwriter and Shanghai Pudong Development Bank as joint lead underwriter.
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Shenzhen Gas to Acquire 31% Stake in Zhongrong Fund for 1.488 Billion Yuan

Shenzhen Gas announced that it plans to use its own funds of 1.488 billion yuan to acquire a 31% stake in Zhongrong Fund, corresponding to a paid-in capital of 1.556 billion yuan. Specifically, it intends to acquire an 11.08% stake held by Chengtong ICBC through a negotiated transfer for 532 million yuan, and a 19.92% stake held by CCB Investment through a public listing transfer for 956 million yuan. After the transaction, the company will become a limited partner of Zhongrong Fund, indirectly holding a 15.81% stake in Huasheng Energy. This transaction does not constitute a major asset restructuring or a related-party transaction, and is still subject to procedures such as the public listing transfer process and a resolution of the partners' meeting.
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Shenzhen Gas H1 2026 Net Profit Attributable to Parent at 778 Million Yuan, Up 22.02% Year-on-Year

Shenzhen Gas disclosed its preliminary results for the first half of 2026, reporting net profit attributable to the parent of 778 million yuan, a year-on-year increase of 22.02 percent. Operating revenue for the same period was 14.788 billion yuan, down 4.17 percent year-on-year, mainly due to a decline in integrated energy revenue. The growth in net profit attributable to the parent was primarily driven by higher profits from gas resources. Deducted non-recurring net profit was 759 million yuan, up 22.99 percent year-on-year. Basic earnings per share stood at 0.27 yuan, and the weighted average return on equity was 4.61 percent, up 0.59 percentage points from the same period last year.
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