CHINA HK POWER (00931) announced its unaudited interim results for the six months ended September 30, 2025. The company recorded revenue of HK$253 million, marking a marginal 0.1% year-on-year increase. However, losses attributable to shareholders expanded by 33.9% to HK$70.809 million, with basic loss per share at HK1.00 cent.
The slight revenue growth was primarily driven by a HK$7 million (3.2%) increase in natural gas segment income, partially offset by a HK$6.6 million (20.4%) decline in new energy business revenue. The natural gas segment accounted for 89.5% of total revenue (up 2.7 percentage points from 86.8% in the prior period), while the new energy business contributed 10.2% (down 2.6 percentage points from 12.8%).
Breakdown of key business performance: 1. LNG (Retail) Point-to-Point Supply: Revenue fell 32.3% to HK$52.5 million (vs HK$77.4 million) due to intensified competition at terminal refueling stations. 2. LNG & Pipeline Gas (Trade) Wholesale: Revenue grew 33.6% to HK$160 million (vs HK$120 million), benefiting from increased local gas consumption and expanded distribution channels. 3. LNG (Logistics) Distribution: Revenue declined 29.6% to HK$17.5 million (vs HK$24.9 million) amid market competition and reduced customer demand. 4. New Energy Products Sales: Revenue plunged 66.2% to HK$7.8 million (vs HK$22.9 million) due to fewer contracts signed. 5. New Energy Integrated Solutions: Revenue surged 91.3% to HK$18 million (vs HK$9.4 million) driven by expanded customer base and service coverage. 6. Financial Services: Revenue slightly decreased to HK$0.95 million (vs HK$1.02 million), mainly comprising interest income from money lending operations.
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