Xin Tianran Gas (603393): A Core Asset for Energy Security, Expanding Aggressively Across Oil, Gas, and Coal Resource Territories

Investment Highlights: Originating from urban gas distribution, the company has transitioned into an upstream natural gas developer. Initially established in Xinjiang’s urban gas sector, it evolved into a privately owned upstream natural gas development company. In 2018, it acquired Asia Pacific Energy and obtained control, securing the scarce coalbed methane resources in the Panzhuang and Mabi blocks.

Huayuan SecuritiesMay 20 10:22

Xin Natural Gas (603393): LNG sales from the Panzhuang project are expected to contribute to earnings flexibility, while the UCG project lays the foundation for long-term growth.

The core viewpoint indicates that the company's net profit attributable to shareholders in 2025 decreased by 31.92% year-on-year, primarily due to significant impairment provisions for the Kashgar North assets and other temporary factors during the period. In the first quarter of 2026, the company’s net profit attributable to shareholders declined year-on-year.

CSC Financial Co., Ltd.May 12 07:41

Xin Natural Gas (603393): VAT Rebate Cancellation Impacts Earnings; Ample Resources Ensure Future Growth Prospects Remain Strong

The company released its Q1 2026 earnings report. In Q1 2026, the company achieved operating revenue of 913 million yuan, a year-on-year decrease of 14.20%; net profit attributable to shareholders was 145 million yuan, a year-on-year decrease of 61.55%.

Changjiang SecuritiesMay 8 07:37

Orient Securities Utilities Industry 2025 Annual Report and 2026 Q1 Summary: Thermal Power Performance Exceeds Expectations, Hydropower Shows Steady Growth

The bank expects that with the continued growth of nuclear power installations and the gradual improvement of provincial nuclear power pricing mechanisms, the industry's profit growth rate is likely to bottom out and rebound.

Zhitong FinanceMay 7 10:55

New Natural Gas: New Natural Gas – Q1 2026 Interim Report

SZSIApr 30 00:00 · Announcements

New Natural Gas – Q1 2026 Financial Report

SZSIApr 30 00:00 · Announcements