CHINA OIL & GAS (00603) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$7.89 billion, representing a decrease of 15.09% year-over-year. Profit attributable to shareholders reached HK$251 million, down 6.72% compared to the same period last year. Earnings per share stood at 4.8 HK cents.

The gas business demonstrated quality improvement and enhanced efficiency. The group implemented the "strengthen three foundations, stabilize main business, and address three losses" initiative to ensure stable development of the gas business. Resource coordination remained precise and efficient, with contract gas extraction rate maintained at 99%, and the comprehensive procurement average price declining by RMB 0.04 per cubic meter year-over-year. The company innovatively implemented a "resource pool + collective consignment" model, effectively addressing regional supply gaps.

Significant progress was made in controlling gas sales losses, with most member companies achieving zero gas loss targets. During the first half of the year, total residential users exceeded 2.16 million households, commercial and industrial users surpassed 20,000, gas sales volume reached 2.305 billion cubic meters, and gas transmission volume totaled 1.332 billion cubic meters. The group's total revenue amounted to HK$7.90 billion, with profit attributable to shareholders for the period reaching HK$250 million.