China Resources Gas Group Ltd

01193: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Slow Recovery for China's Gas Utilities; ENN Energy Remains Sector Top Pick

Chokwai Lee

Mar 30, 2026

ENN Energy’s 2025 core profit fell 3%, reflecting subdued retail gas and integrated energy sales volumes. China Resources Gas saw a similar trend, with net profit declining 13%. New residential connections dropped 14%-20% for both companies.

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China Resources Gas Group Ltd

Slow Recovery for China's Gas Utilities; ENN Energy Remains Sector Top Pick

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