Dongfang Huanyu released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 639 million yuan, down 9.14 percent year on year; net profit attributable to the parent company was 123 million yuan, down 0.78 percent; and non-GAAP net profit was 114 million yuan, down 0.71 percent. Among these, revenue from natural gas facility and equipment installation was only 45.61 million yuan, a sharp year-on-year decline of 58.48 percent, making it the key factor dragging down overall revenue. Heating business revenue was 375 million yuan, up 4.75 percent year on year, becoming the main engine of revenue growth. Natural gas sales revenue was 209 million yuan, down slightly by 1.32 percent year on year. Net operating cash flow was negative 22.39 million yuan, significantly narrower than negative 72.19 million yuan in the same period last year, mainly due to lower tax payments. Total assets fell to 2.423 billion yuan, and cash and cash equivalents stood at 126 million yuan, down more than 60 percent from the beginning of the period, mainly due to dividend payments. Looking ahead, the domestic natural gas market is expected to remain in a weak supply-demand balance, high and volatile international gas prices may bring import cost pressure, and the progress of the natural gas price pass-through mechanism will directly affect future earnings flexibility.
Xinjiang East Universe Group Gas Co LtdRevenue and profit both declined, with installation business revenue down 58.48%.
