KUNLUN ENERGY (00135) announced its interim results, with a profit attributable to shareholders of 3.306 billion yuan, an increase of 4.59% year-on-year.

KUNLUN ENERGY (00135) announced its performance for the six months ending June 30, 2026, reporting an operating revenue of RMB 100.042 billion, an increase of 2.56% year-on-year. The profit before tax was RMB 6.782 billion, up 0.67% year-on-year; net profit attributable to shareholders reached RMB 3.306 billion, rising by 4.59% year-on-year, with basic earnings per share at RMB 0.3831, an increase of 4.93% year-on-year. Operating cash flow amounted to RMB 6.213 billion, a year-on-year increase of 41.66%. The abundant and robust net cash flow provides a solid foundation for the company's green low-carbon transformation, industrial upgrading layout, and continued shareholder returns. During this period, the company faced a severe operating environment marked by ongoing impacts from international geopolitical conflicts and a dual weakness in domestic natural gas supply and demand. The company's primary natural gas sales segment effectively withstood downward pressure, while other business segments also maintained good operational results, leading to overall profitability showing steady improvement. In the first half of the year, the company's total natural gas sales reached 30.156 billion cubic meters, an increase of 3.65% year-on-year; retail gas sales amounted to 16.381 billion cubic meters, primarily affected by reduced gas use in certain industrial sectors, decreasing by 1.71% year-on-year. Revenue reached RMB 82.679 billion, up 3.25% year-on-year; however, the profit before tax was RMB 4.227 billion, down 5.58% year-on-year. In the first half of the year, the company's LNG processing and storage business generated revenue of RMB 4.873 billion, an increase of 11.48% year-on-year; the profit before tax was RMB 1.765 billion, a decline of 3.87% year-on-year. In the first half of the year, the company reported LPG sales of 2.7415 million tons, a year-on-year decrease of 10.65%; revenue was RMB 12.396 billion, a decrease of 4.79% year-on-year; the profit before tax amounted to RMB 655 million, an increase of 20.40% year-on-year.