Our Purpose

ENN Energy is a leading clean energy distributor and solutions provider in China, focusing on satisfying the needs of our customers through technological innovation and digitalization. Our goal is to help our customers transit to a safe, convenient, and low-carbon future, and create sustainable return for our shareholders.
1. Stable natural gas supply
2. Low-carbon services & solutions
3. Energy system optimization
1. Stable natural gas supply
2. Facilities operation and maintenance
3. Convenient customer services
1. Stable natural gas supply
2. Clean heating
3. Smart home solutions and
in-home services

Shareholders Value

Delivering Value to Shareholders

The Company distributes dividends to our shareholders annually, with the aim of sharing the Company’s profit and ensuring a sound financial position of the Company which is sufficient to support our business growth. The Board takes into consideration various factors, including but not limited to the Group’s business condition, industry development trend, investment opportunity, as well as providing stable and reliable dividend return to shareholders. The Company started to distribute dividends since 2004, our dividend amounts have been steadily increased most of the time. 

Chairman Message

“Looking back at 20 years of remarkable achievements, we are full of joy, and we are looking forward to a bright future with confidence, as we welcome a new golden age. The central government has pledged to have CO2 emissions peaked before 2030 and achieve carbon neutrality before 2060. The commitment emphasises the goal and onus of clean energy development. ENN Energy shall continue to adhere to our DNA of innovation to surmount all obstacles, to create greater values for our customers, generate higher returns for our shareholders, gain wider experience for sharing with our partners and make greater contributions to the society.”

WANG Yusuo
Chairman

Business Review

中國城市燃氣項目數量
2020
2019
Increase/
(Decrease)
Key operating data (As at December 31)
Number of city-gas projects in China
235
217
18
Connectable urban population coverage (thousand)
112,331
103,880
8.1%
New natural gas customers developed during the year:
年內新開
年內新開
年內新開
- residential households(thousand)
2,293
2,397
(4.3%)
- C/I customers(sites)
28,367
27,656
2.6%
- installed designed daily capacity for C/I customers(thousand m3
17,078
18,156
(5.9%)
Accumulated number of customers:
年內新開
年內新開
年內新開
- residential households(thousand)
23,213
20,920
11.0%
- C/I customers(sites)
177,128
148,761
19.1%
- installed designed daily capacity for C/I customers(thousand m3
141,787
124,709
13.7%
Piped gas penetration rate
62.0%
60.4%
1.6ppt
Retail gas sales volume(million m3
21,953
19,924
10.2%
Wholesale of gas volume(million m3
7,616
7,039
8.2%
Combined daily capacity of natural gas processing stations(thousand m3
155,264
147,802
5.0%
Total length of existing intermediate and main pipelines(km)
63,096
54,344
16.1%
Accumulated number of integrated energy projects in operation
119
98
21
Integrated energy projects under construction
24
22
2
Sales volume of integrated energy(million kWh)
12,042
6,847
75.9%
Key operating data (As at December 31)
Number of city-gas projects in China
2020
235
2019
217
Increase/
(Decrease)
18
Connectable urban population coverage (thousand)
2020
112,331
2019
103,880
Increase/
(Decrease)
8.1%
New natural gas customers developed during the year:
- residential households(thousand)
2020
2,329
2019
2,397
Increase/
(Decrease)
(4.3%)
New natural gas customers developed during the year:
- C/I customers(sites)
2020
28,367
2019
27,656
Increase/
(Decrease)
2.6%
New natural gas customers developed during the year:
- installed designed daily capacity for C/I customers(thousand m3
2020
17,078
2019
18,156
Increase/
(Decrease)
(5.9%)
Accumulated number of customers:
- residential households(thousand)
2020
23,213
2019
20,920
Increase/
(Decrease)
11.0%
Accumulated number of customers:
- C/I customers(sites)
2020
177,128
2019
148,761
Increase/
(Decrease)
19.1%
Accumulated number of customers:
- installed designed daily capacity for C/I customers(thousand m3
2020
141,787
2019
124,761
Increase/
(Decrease)
13.7%
Piped gas penetration rate
2020
62.0%
2019
60.4%
Increase/
(Decrease)
1.6個百分點
Retail gas sales volume(million m3
2020
21,953
2019
19,924
Increase/
(Decrease)
10.2%
Wholesale of gas volume(million m3
2020
7,616
2019
7,039
Increase/
(Decrease)
8.2%
Combined daily capacity of natural gas processing stations(thousand m3
2020
155,264
2019
147,802
Increase/
(Decrease)
5.0%
Total length of existing intermediate and main pipelines(km)
2020
63,096
2019
54,344
Increase/
(Decrease)
16.1%
Accumulated number of integrated energy projects in operation
2020
119
2019
98
Increase/
(Decrease)
21
Integrated energy projects under construction
2020
24
2019
22
Increase/
(Decrease)
2
Sales volume of integrated energy(million kWh)
2020
12,042
2019
6,847
Increase/
(Decrease)
75.9%

Business Profile

* For project information of each province, please visit the desktop version

Financial Performance

The total gas sales volume of the Company, its affiliated companies, joint ventures and associated companies has grown by 9.7% year-on-year to 29,569 million cubic meters. During the year, upstream natural gas prices fell, and the Group adjusted prices for end users accordingly, thus, revenue of the Group grews lightly by 2.0% to RMB71,617 million. The Group’s strategy of diversified gas sources purchase resulted in significant cost reductions. The gross profit margin of retail gas sales and wholesale of gas businesses increased by 1.8 percentage points to 16.0%, and 1.1 percentage points to 2.0% respectively, resulting in an increase of the Group’s overall gross profit margin by 1.1 percentage points year on year to 17.2%.
The Group’s operating expenses are generally divided into distribution and selling expenses, as well as administrative expenses, which mainly include salaries and employee benefits, marketing and advertising expenses, office expenses, depreciation and amortisation, and etc. The Group’s operating expenses amounted to RMB4,181 million (2019: RMB4,075 million), operating expenses to revenue ratio was similar for both years. The decrease in distribution and selling expenses was mainly due to the Group’s work from home policy and reduction of non-essential business trips of employees during COVID-19 outbreak in the year. The increase in administrative expenses was mainly due to the Group’s various prevention measures to minimise the risk of COVID-19 infection, and the procurement of sanitary supplies and protective equipment to protect the safety of our customers and employees.
Profit attributable to the owners of the Company recorded RMB6,278 million, increased by 10.7% year-on-year. Stripping out the impact of other gains and losses (excluding net settlement amount realised from commodity derivative contracts) and amortisation of share option expenses of RMB41million, core profit driven by operating activities increased by 18.2% to RMB6,237 million.