Yuan Heng Gas Holdings Limited (Stock Code: 332) Announces 2025 Interim Results

Bulletin Express
Nov 26

Yuan Heng Gas Holdings Limited released its unaudited consolidated interim results for the six months ended 30 September 2025. The Group recorded a turnover of approximately RMB270 million, down from RMB533 million for the same period in 2024. The loss for the period was approximately RMB120 million, an improvement from the RMB192 million loss reported during the previous year.

Management attributed the reduction in turnover primarily to decreasing sales in oil and gas transactions. Meanwhile, the production and sales of LNG contributed around RMB245 million in revenue. Impairment losses under the expected credit loss model stood at RMB25 million, lower than the RMB85 million posted last year. Finance costs surged to RMB88 million amid higher overdue interest on borrowings, while no interim dividend was proposed for the reporting period.

Among the operating segments, piped gas operations were treated as a discontinued operation, following the loss of control over a subsidiary during the prior year. The Group continues to explore new financing options and remains engaged in negotiations with creditors to extend or renew borrowings. Despite challenging market conditions, management indicated it will focus on operational streamlining and prudent planning to improve liquidity and strengthen the business going forward.

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