ZHONGYU ENERGY (03633) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$6.576 billion, representing a 9.4% decrease compared to the same period last year. Profit attributable to owners of the company reached HK$246 million, up 2.7% year-on-year, with basic earnings per share of HK$0.0889.
According to the announcement, the decrease in revenue was primarily attributed to lower income from gas pipeline construction and smart energy segments. Gas sales for the six months ended June 30, 2025 amounted to HK$5.62 billion (2024: HK$5.861 billion), down 4.1% from the previous year.
During the review period, gas sales revenue denominated in RMB decreased by 2.7%. The further decline in gas sales revenue when expressed in Hong Kong dollars was mainly due to the depreciation of RMB against HKD in the first half of 2025.