ENN Energy Holdings Ltd
HKEX:2688

Watchlist Manager
ENN Energy Holdings Ltd Logo
ENN Energy Holdings Ltd
HKEX:2688
Watchlist
Price: 71.7 HKD -1.24%
Market Cap: 81.1B HKD

ENN Energy Holdings Ltd
Investor Relations

Nestled within the rapidly urbanizing and industrially ambitious landscape of China, ENN Energy Holdings Ltd. has emerged as a critical player in the energy sector. Originating from Langfang, a dynamic city in Hebei Province, this company has woven itself into the fabric of the nation's energy infrastructure by specializing in the development, distribution, and sales of natural gas. It operates a comprehensive network of energy services, collaborating with municipalities to manage an extensive grid that ensures residential, commercial, and industrial users receive a steady and reliable flow of natural gas. Positioning itself as a linchpin in China's transition towards cleaner energy, ENN Energy capitalizes on the country's robust demand for sustainable fuels, driven by aggressive policies aimed at reducing carbon emissions and decreasing reliance on coal.

ENN Energy's business model is characterized by its vertical integration and diversified revenue streams. The company not only supplies natural gas but also extends its capabilities into value-added services, such as the installation and maintenance of gas equipment and appliances. Additionally, ENN Energy plunges into innovative projects that leverage new technologies and digital solutions, enhancing operational efficiency and customer engagement. By constructing and managing vehicle refueling stations and integrated energy stations, it taps into the burgeoning demand for green transportation and energy efficiency. Through these multifaceted endeavors, ENN Energy Holdings adeptly sustains and amplifies its revenue, in alignment with China’s sustainable energy objectives, thereby ensuring robust growth amidst an ever-evolving energy landscape.

Show more
Loading
2688
Hang Seng (Hong Kong)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Oct 25, 2024
AI Summary
Q3 2024

Retail Gas Growth: Retail gas sales volume rose 4.8% year-over-year for the first three quarters, reaching 18.819 billion cubic meters.

Integrated Energy Expansion: Integrated energy sales volume increased 21.4% year-over-year to 29,668 million kilowatt hours, in line with annual growth guidance.

Dollar Margin Stability: Dollar margin was maintained at $0.54 for the first three quarters, with management aiming to preserve this level through year-end.

C&I Customer Recovery: Gas sales to commercial and industrial (C&I) customers grew 5.7% year-over-year, reflecting a recovery in demand.

Value-Added Business: Value-added business reached over 4.26 million customers, with smart home and kitchen equipment sales volume up around 8%.

LNG Trading: LNG trading revenue reached approximately RMB 280 million before tax, on track with the RMB 300 million annual guidance.

Cost Pass-Through Success: 80% of projects are covered by cost pass-through mechanisms, helping to manage procurement costs despite regional differences.

Guidance Confidence: Management reiterated confidence in meeting full-year growth and margin guidance across segments.

Key Financials
Retail Gas Sales Volume
18.819 billion cubic meters
Gas Sales to C&I Customers
14.843 billion cubic meters
Gas Sales to Residential Customers
3.748 billion cubic meters
Integrated Energy Sales Volume
29,668 million kilowatt hours
Dollar Margin
$0.54
Value-Added Business Customers
4.26 million
LNG Trading Revenue
RMB 280 million before tax
Cost Pass-Through Coverage
80% of projects
ASP Reduction (YoY Q3)
$0.10
Earnings Call Recording
Other Earnings Calls
2024

Management

Mr. Yusuo Wang
Co-Founder & Executive Chairman
No Bio Available
Mr. Yuying Zhang
CEO & Executive Director
No Bio Available
Mr. Jianfeng Liu CPA
President & Executive Director
No Bio Available
Mr. Dongzhi Wang
CFO & Executive Director
No Bio Available
Mr. Chenghong Jiang
Executive Director
No Bio Available
Ms. Min Liu
Chief Director of Investor Relations & Sustainability
No Bio Available
Mr. Jun Liu
Chief Human Resources Officer
No Bio Available
Mr. Luojian Gong
Senior Vice President
No Bio Available

Contacts

Address
HEBEI
Langfang
Building A, ENN Industrial Park, Xinyuan East Road, Economic and Technological Development Zone
Contacts