On September 11, ENN ENERGY fell 3.25% in regular trading, trading at HK$48.98 per share, with turnover of HK$109 million. The decline came alongside broad-based selling across the gas utilities sector.

On the industry front, China's natural gas apparent consumption for January to July declined 2.4% year-over-year, with July alone down 2.6%, as high gas prices drove substitution toward coal and renewables in industrial and power generation use. Analysts expect demand to remain subdued through the near term, with recovery anticipated only in the latter half of the 15th Five-Year Plan period as global LNG supply loosens and domestic pricing mechanisms improve. Within the Gas Utilities sector, all major peers declined: China Gas Holdings fell 3.88%, China Resources Gas dropped 2.85%, Beijing Enterprises lost 1.80%, Kunlun Energy slipped 1.46%, and Hong Kong and China Gas edged down 1.16%.

Notably, Chairman Wang Yusuo and affiliated entities have been steadily accumulating shares since July, raising the controlling stake to 35.0%. The company's first-half results reported revenue of RMB 57.02 billion, up 2.4% year-over-year, with attributable profit rising 9.8% to RMB 2.67 billion.

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