Changchun Gas released its 2026 interim report on August 26, showing a significant narrowing of losses for the reporting period. The company achieved operating revenue of 1.184 billion yuan, up 11.10 percent year on year. Net profit attributable to the parent company was negative 21.7893 million yuan, a year-on-year loss reduction of 33.2954 million yuan, or 60.45 percent. Net profit after deducting non-recurring items was negative 29.2157 million yuan, also a substantial narrowing of losses. Net cash flow from operating activities was negative 186 million yuan, with the net outflow widening compared with the same period last year, mainly due to an increase in cash paid for purchasing goods and receiving services. Key drivers of the loss reduction included growth in gas sales volume, optimization of procurement costs, and control of period expenses, with administrative expenses down 8.01 percent year on year and financial expenses down 15.75 percent. In addition, the company received government subsidies of 10.3292 million yuan, but its main business has not yet fully achieved profitability.
Changchun Gas Co LtdLosses narrowed significantly due to sales growth and cost optimization, though still unprofitable.
