Hongtong Gas disclosed its 2026 semi-annual report. In the first half, net profit attributable to shareholders of the listed company reached 99 million yuan, up 35.77% year on year. Operating revenue was 1.335 billion yuan, a slight year-on-year decline, but operating costs fell 15.80% to 1.101 billion yuan. Finance costs swung from a net expense to a net gain, and the weighted average return on equity rose to 4.80%. Profit growth came mainly from cyclical LNG price benefits and forward-looking procurement strategy. The company increased the share of unconventional gas sources in procurement to offset shrinking imported LNG arrivals and rising feedstock gas prices. It also advanced the construction of charging facilities at refueling stations to cultivate integrated energy services as a new growth driver.
Xinjiang Hongtong Natural Gas Co. Ltd.Net profit up 35.77% with improved margins and finance costs.
