Tianjin Jinran Public Utilities Company Limited provided consolidated earnings guidance for the six months ended 30 June 2023.
The Group expects to record a loss attributable to shareholders of the parent of approximately RMB 25.86 million for the 2023 Interim Period, as compared to a net profit attributable to shareholders of the parent of approximately RMB 1.77 million for the six months ended 30 June 2022. The above change is mainly due to (among others): the rise in the gas sourcing price in the 2022-2023 heating season of the upstream gas source entity due to the impact of the rise in global natural gas price; and a reduced sales volume of gas in the first half of 2023 caused by the impact of the adjustment of heating time in Tianjin city and the reduction in gas demand of major users.