ENN ENERGY Reports 5.6% Decrease in Interim NP to RMB2.43 Billion; Interim DPS Remains at HKD 0.65
Company Overview: ENN Energy (02688.HK) reported its interim results for the six months ending June 2025.
Financial Performance: The company achieved a revenue of RMB55.673 billion, reflecting a 2% increase year-over-year, while net profit decreased by 5.6% to RMB2.429 billion.
Earnings Per Share: The earnings per share (EPS) stood at RMB2.19, and an interim dividend per share (DPS) of $0.65 was declared, remaining unchanged from the previous year.
Market Activity: As of August 27, 2025, short selling amounted to $11.24 million with a ratio of 4.507%.
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HSI Ends at 26,085, Gaining 149 Points; HSTI Finishes at 5,662, Up 47 Points; PING AN Surges Over 6%; HANSOH PHARMA, ENN ENERGY, SINOTRUK Reach Record Highs; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 149 points (0.6%) to close at 26,085, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains, closing at 5,662 and 9,198 respectively, with a total market turnover of $210.47 billion.
Active Heavyweights: Notable stock movements included PING AN (+6.7%), XIAOMI (+1.9%), and MEITUAN (+1%), while TENCENT experienced a slight decline of 0.3%.
HSI & HSCEI Constituents: Key performers included CHINA LIFE (+5.5%), BIDU-SW (+5%), and HANSOH PHARMA (+3.7%), while SHENZHOU INTL saw a significant drop of 3.4%.
HSMI & HSSI Constituents: HAICHANG HLDG faced a sharp decline of 17.5%, and RIMAG GROUP dropped by 13.7%, whereas SINOTRUK gained 3.5%, reaching a new high.
<Midday Update> HSI Ends Midday at 25,843, Dropping 252 Points; HSTI at 5,551, Down 72 Points; PICC P&C Falls Over 3%; ENN ENERGY, MIDEA GROUP, FIH, MMG, CMOC Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 252 points (1.0%) to 25,843, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.3%.
Active Heavyweights: Major stocks like Alibaba, Tencent, and HKEX saw declines, with Alibaba closing down 2% and Tencent down 1.1%, amidst significant short selling activity.
Notable Movers: PICC P&C and XPENG faced substantial drops of 3.9%, while TECHTRONIC IND and ENN ENERGY recorded gains, with TECHTRONIC IND up 3.3%.
High Performers: Stocks such as FIH, MMG, and CMOC hit new highs, with FIH increasing by 5.4%, indicating some positive movements in the market despite overall declines.
JPM: ENN ENERGY's Privatization Plan Delayed; KUNLUN ENERGY Recommended for Focus
ENN Energy Privatization Delay: ENN Energy has extended the deadline for dispatching its privatization scheme document to no later than January 30, 2026, due to the need for more time to meet pre-conditions, which was anticipated by the market.
Impact on Share Prices: JPMorgan believes the delay in ENN Energy's privatization scheme may have a slight negative effect on its share price, while its H-shares are viewed as offering better risk-return compared to A-shares.
China Gas Hold Performance: China Gas Hold reported a 24.2% decline in interim net profit for 1HFY2026, with weak operational indicators, but is expected to see a gradual recovery in gas sales over the next few months.
Market Opportunities: JPMorgan suggests that investors consider market entry opportunities in KUNLUN Energy, which is projected to achieve over 5% sales growth in 2H25, alongside improvements in gas sales for other companies like China Resources Gas.
<Midday Update> HSI Ends Midday at 26,068, Gaining 209 Points; HSTI Reaches 5,654, Up 55 Points; BABA Rises Over 3%; ENN ENERGY, CHINAGOLDINTL, ANE, and GLOBAL NEW MAT Achieve New Highs
Market Performance: The HSI rose by 209 points (0.8%) to 26,068, while the HSTI and HSCEI also saw gains, closing at 5,654 and 9,188 respectively.
Active Heavyweights: Notable stock movements included BABA (+3.3% to $156.5), Tencent (+0.8% to $616.5), and declines in Xiaomi (-2% to $40.2) and Meituan (-1.5% to $101).
Top Gainers Among Constituents: Sunny Optical surged by 6.1% to $67.4, Zijin Mining increased by 5% to $32.24, and JD Health rose by 3.3% to $63.1.
Significant Moves in HSMI & HSSI: ZTE experienced a notable rise of 11.6% to $35.08, while Chinagoldintl climbed 8.4% to $161.1, both hitting new highs.
HSCEI to Include CHINAHONGQIAO, INNOVENT BIO, and YUM CHINA; Exclude ENN ENERGY, HAIDILAO, and NEW ORIENTAL-S
Index Review Announcement: Hang Seng Indexes Company revealed the results of its quarterly review for the Hang Seng Family of Indexes, effective from December 8, 2025.
New Additions: CHINAHONGQIAO, INNOVENT BIO, and YUM CHINA will be added to the Hang Seng China Enterprises Index.
Removals: ENN ENERGY, HAIDILAO, and NEW ORIENTAL-S will be removed from the index.
Market Impact: The total number of constituents in the index remains at 50, with short selling data indicating varying levels of activity for the stocks involved.
ENN ENERGY Reports 5.6% Decrease in Interim NP to RMB2.43 Billion; Interim DPS Remains at HKD 0.65
Company Overview: ENN Energy (02688.HK) reported its interim results for the six months ending June 2025.
Financial Performance: The company achieved a revenue of RMB55.673 billion, reflecting a 2% increase year-over-year, while net profit decreased by 5.6% to RMB2.429 billion.
Earnings Per Share: The earnings per share (EPS) stood at RMB2.19, and an interim dividend per share (DPS) of $0.65 was declared, remaining unchanged from the previous year.
Market Activity: As of August 27, 2025, short selling amounted to $11.24 million with a ratio of 4.507%.
HSI Ends at 26,085, Gaining 149 Points; HSTI Finishes at 5,662, Up 47 Points; PING AN Surges Over 6%; HANSOH PHARMA, ENN ENERGY, SINOTRUK Reach Record Highs; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 149 points (0.6%) to close at 26,085, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains, closing at 5,662 and 9,198 respectively, with a total market turnover of $210.47 billion.
Active Heavyweights: Notable stock movements included PING AN (+6.7%), XIAOMI (+1.9%), and MEITUAN (+1%), while TENCENT experienced a slight decline of 0.3%.
HSI & HSCEI Constituents: Key performers included CHINA LIFE (+5.5%), BIDU-SW (+5%), and HANSOH PHARMA (+3.7%), while SHENZHOU INTL saw a significant drop of 3.4%.
HSMI & HSSI Constituents: HAICHANG HLDG faced a sharp decline of 17.5%, and RIMAG GROUP dropped by 13.7%, whereas SINOTRUK gained 3.5%, reaching a new high.
<Midday Update> HSI Ends Midday at 25,843, Dropping 252 Points; HSTI at 5,551, Down 72 Points; PICC P&C Falls Over 3%; ENN ENERGY, MIDEA GROUP, FIH, MMG, CMOC Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 252 points (1.0%) to 25,843, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.3%.
Active Heavyweights: Major stocks like Alibaba, Tencent, and HKEX saw declines, with Alibaba closing down 2% and Tencent down 1.1%, amidst significant short selling activity.
Notable Movers: PICC P&C and XPENG faced substantial drops of 3.9%, while TECHTRONIC IND and ENN ENERGY recorded gains, with TECHTRONIC IND up 3.3%.
High Performers: Stocks such as FIH, MMG, and CMOC hit new highs, with FIH increasing by 5.4%, indicating some positive movements in the market despite overall declines.
JPM: ENN ENERGY's Privatization Plan Delayed; KUNLUN ENERGY Recommended for Focus
ENN Energy Privatization Delay: ENN Energy has extended the deadline for dispatching its privatization scheme document to no later than January 30, 2026, due to the need for more time to meet pre-conditions, which was anticipated by the market.
Impact on Share Prices: JPMorgan believes the delay in ENN Energy's privatization scheme may have a slight negative effect on its share price, while its H-shares are viewed as offering better risk-return compared to A-shares.
China Gas Hold Performance: China Gas Hold reported a 24.2% decline in interim net profit for 1HFY2026, with weak operational indicators, but is expected to see a gradual recovery in gas sales over the next few months.
Market Opportunities: JPMorgan suggests that investors consider market entry opportunities in KUNLUN Energy, which is projected to achieve over 5% sales growth in 2H25, alongside improvements in gas sales for other companies like China Resources Gas.
<Midday Update> HSI Ends Midday at 26,068, Gaining 209 Points; HSTI Reaches 5,654, Up 55 Points; BABA Rises Over 3%; ENN ENERGY, CHINAGOLDINTL, ANE, and GLOBAL NEW MAT Achieve New Highs
Market Performance: The HSI rose by 209 points (0.8%) to 26,068, while the HSTI and HSCEI also saw gains, closing at 5,654 and 9,188 respectively.
Active Heavyweights: Notable stock movements included BABA (+3.3% to $156.5), Tencent (+0.8% to $616.5), and declines in Xiaomi (-2% to $40.2) and Meituan (-1.5% to $101).
Top Gainers Among Constituents: Sunny Optical surged by 6.1% to $67.4, Zijin Mining increased by 5% to $32.24, and JD Health rose by 3.3% to $63.1.
Significant Moves in HSMI & HSSI: ZTE experienced a notable rise of 11.6% to $35.08, while Chinagoldintl climbed 8.4% to $161.1, both hitting new highs.
HSCEI to Include CHINAHONGQIAO, INNOVENT BIO, and YUM CHINA; Exclude ENN ENERGY, HAIDILAO, and NEW ORIENTAL-S
Index Review Announcement: Hang Seng Indexes Company revealed the results of its quarterly review for the Hang Seng Family of Indexes, effective from December 8, 2025.
New Additions: CHINAHONGQIAO, INNOVENT BIO, and YUM CHINA will be added to the Hang Seng China Enterprises Index.
Removals: ENN ENERGY, HAIDILAO, and NEW ORIENTAL-S will be removed from the index.
Market Impact: The total number of constituents in the index remains at 50, with short selling data indicating varying levels of activity for the stocks involved.
ENN ENERGY Reports 5.6% Decrease in Interim NP to RMB2.43 Billion; Interim DPS Remains at HKD 0.65
Company Overview: ENN Energy (02688.HK) reported its interim results for the six months ending June 2025.
Financial Performance: The company achieved a revenue of RMB55.673 billion, reflecting a 2% increase year-over-year, while net profit decreased by 5.6% to RMB2.429 billion.
Earnings Per Share: The earnings per share (EPS) stood at RMB2.19, and an interim dividend per share (DPS) of $0.65 was declared, remaining unchanged from the previous year.
Market Activity: As of August 27, 2025, short selling amounted to $11.24 million with a ratio of 4.507%.
