China Gas: Zhongran Investment Delivers RMB15.55 B Revenue and RMB1.05 B Profit in 9M 2026

Bulletin Express10-30

China Gas Holdings Ltd. (China Gas) has disclosed the unaudited nine-month financial performance of its wholly owned subsidiary Zhongran Investment Limited Company, prepared under PRC GAAP and published on 30 October 2026.

Key financial highlights for the nine months to 30 September 2026 are as follows:

• Revenue reached RMB15.55 billion, underpinning a net profit of RMB1.05 billion and implying a net margin of approximately 6.7%.

• Total assets stood at RMB61.08 billion, against total liabilities of RMB29.41 billion, resulting in a liability-to-asset ratio of roughly 48.1%. Shareholders’ equity amounted to RMB31.67 billion.

• Cash and cash equivalents closed the period at RMB2.12 billion, up by RMB0.36 billion over nine months. The cash balance represents about 42% of Zhongran Investment’s RMB5.00 billion in outstanding onshore notes and bonds.

The figures are unaudited, derived from management accounts, and relate solely to Zhongran Investment rather than the consolidated China Gas Group. Investors are advised to exercise caution in interpreting these results.

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