＜Results＞CHINA GAS HOLD (00384.HK) Annual NP $3.185B, Down 25.8% YoY; Final DPS $0.35

　　CHINA GAS HOLD (00384.HK) -0.130 (-1.788%) Short selling $11.65M; Ratio 10.900% announced its annual results ended March 2024. Revenue declined 11.5% YoY to $81.41 billion. Net profit amounted to $3.185 billion, falling 25.8%, with an EPS of $0.59. A final DPS of $0.35 was declared, compared to a final DPS of $0.4 for FY23.

　　Dividend History

　　In non-HKFRS terms, adjusted net profit attributable to owners of the company drops 4.3% YoY to $3.97 billion.

　　Gross profit during FY24 was $11.304 billion, declining 6.1% YoY. The overall gross profit margin was 13.9%, compared with 13.1% for FY23.

　　During the financial year, the group acquired 1 new city and township piped gas projects. As of 31 March 2024, the Group had obtained 662 piped gas projects with concession rights in 30 provinces, municipalities, and autonomous regions in China, on top of 32 long-distance natural gas pipeline projects, 516 CNG and LNG refilling stations for vehicles, 1 coalbed methane development project, and 119 LPG distribution projects.

　　Natural gas sales during the period were 41.70 billion cubic metres, up 6.2% YoY. LPG sales volume amounted to 3.996 million tons, down 3.3% YoY.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-24 16:25.)