Tian Lun Gas (01600) announced its full-year results for the period ending December 31, 2025. Despite a complex macroeconomic environment and industry challenges, the company maintained stable operations and optimized its business structure. Annual revenue reached RMB 7.937 billion, representing a 2.0% increase year-on-year, reflecting steady and healthy business growth. Core profit amounted to RMB 285 million, with a proposed final dividend of 5.57 cents per share for 2025. The total dividend for the year reached 10.17 cents per share, equivalent to a payout ratio of 35.0% of core profit, providing stable returns to shareholders.
The core gas sales business performed strongly, generating revenue of RMB 6.813 billion, up 4.6% compared to the previous year. Total gas sales volume rose to 2.386 billion cubic meters, an increase of 6.8%, highlighting the group’s comprehensive capabilities in gas sourcing, supply coordination, and operational efficiency. Additionally, the company enhanced its growth capacity through diversified approaches such as personalized home improvement services and expanded user coverage. Revenue from integrated services reached RMB 489 million, growing 15.3% year-on-year.
In terms of gas supply security, the company leveraged its nationwide interconnected network to optimize resource allocation and utilize gas storage facilities for peak shaving. This enabled the establishment of an efficient operational model—ensuring supply in winter while storing gas in summer—providing a solid foundation for stable gas supply throughout the year.
Tian Lun Gas has developed a circular business model centered on gas sourcing, gas sales, and integrated services, aiming to transition from a traditional gas supplier to an energy service provider. By diversifying gas sources to reduce operating costs and support sales volume expansion and margin recovery, the company creates service opportunities based on its growing customer base, ultimately achieving synergistic growth and value creation across all three segments.
Looking ahead to 2026, amid ongoing energy transition and market competition, Tian Lun Gas plans to seize industry opportunities, enhance operational management, deepen technological innovation, and upgrade services. The company remains committed to ensuring safe and stable gas supply, contributing to regional economic and social development with clean energy, and pursuing a high-quality growth strategy driven by the dual engines of gas sales and integrated services.