ENN ENERGY (02688) announced that for the three months ended March 31, 2026, the Group's natural gas retail sales volume reached 7.294 billion cubic meters, representing a year-on-year increase of 0.5%. Within this total, gas sales to commercial and industrial users grew by 0.7% year-on-year to 5.267 billion cubic meters, while gas sales for residential use also increased by 1.0% year-on-year to 1.988 billion cubic meters.
During the period, the Group maintained steady progress in project installations for newly acquired commercial, industrial, and household customers. The installed daily gas supply capacity for new commercial and industrial customers reached 1.883 million cubic meters, and approximately 206,000 new household customers completed installation works.
Amid the "Dual Carbon" strategy, the transition to low-carbon energy is accelerating, reinforcing natural gas's role as a clean transitional energy source. In 2026, the Group will seize opportunities arising from green upgrades, adhere to a volume-driven profit strategy, and focus on the diverse needs of major clients, industrial energy-saving retrofits, and small-to-medium commercial and industrial users. By optimizing resources, controlling costs, and intelligently matching supply with demand, the Group aims to expand its customer base and strengthen the foundation of its natural gas business.
During the period, the Group's integrated energy business sales volume decreased by 7.0% year-on-year to 9.338 billion kilowatt-hours, primarily affected by external economic restructuring and internal business optimization. The Group will leverage opportunities presented by power sector reforms, promote the integration of "load-source-grid-storage-carbon" elements, accelerate the development of its electricity business, and continuously optimize the structure of its integrated energy operations to further refine and enhance its profit model.
Within the same period, the Group increased the penetration rate of its smart home business by enriching its product offerings and application scenarios. The penetration rate among the existing customer base was 3.6%, while the penetration rate among newly acquired customers reached 63.1%. Boosting consumption remains a key focus for expanding domestic demand in 2026. The Group will deepen customer insights, utilize the E-City E-Home platform to iteratively refine household demand models, and leverage the platform to coordinate precise supply from both internal and external ecosystems. By employing smart technologies, the Group aims to better meet households' quality-of-life needs and achieve an upgrade in its smart home business.
The Group will continue to promote stable and orderly business development, reinforcing its operational foundation.