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ENN Energy Holdings
(2688)
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Rating:67Neutral
Price Target:
HK$55.00
â–²(13.97% Upside)
Action:Reiterated
Date:06/27/26
The score is supported primarily by solid financial resilience (stable cash generation and improved leverage) and attractive valuation (low P/E and high dividend yield). These positives are meaningfully tempered by very weak technicals, with the stock well below major moving averages and bearish momentum indicators despite oversold readings.
Positive Factors
Stable Operating Cash Flow
Consistently strong operating cash flow indicates that ENN Energy’s core activities are generating dependable cash over multiple years. This supports ongoing network operations, customer service investment, and financial resilience while reducing reliance on external funding for ordinary business needs.
Negative Factors
Recent Revenue Decline
Recent revenue contraction signals weaker top-line momentum across ENN Energy’s city gas and related activities. If this pattern persists, slower volume or connection growth could constrain operating leverage, limit reinvestment capacity, and make it harder to restore historical earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Operating Cash Flow
Consistently strong operating cash flow indicates that ENN Energy’s core activities are generating dependable cash over multiple years. This supports ongoing network operations, customer service investment, and financial resilience while reducing reliance on external funding for ordinary business needs.
Read all positive factors
ENN Energy Holdings (2688) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$57.02B
Dividend Yield6.23%
Average Volume (3M)3.78M
Price to Earnings (P/E)7.4
Beta (1Y)0.82
Revenue Growth5.69%
EPS Growth8.67%
CountryHK
Employees33,742
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,131,839,200
10 Day Avg. Volume3,506,762
30 Day Avg. Volume3,777,074
Financial Highlights & Ratios
PEG Ratio-15.66
Price to Book (P/B)1.44
Price to Sales (P/S)0.62
P/FCF Ratio20.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$59.14Price Target Upside22.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ENN Energy Holdings Business Overview & Revenue Model
Company Description
ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China. The company operates through Retail Gas Sales Business...
How the Company Makes Money
ENN Energy’s earnings are mainly driven by its city gas value chain and related energy services. Key revenue streams typically include: (1) Retail gas sales: selling natural gas to end customers (residential, commercial, and industrial) via its ci...
ENN Energy Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.25B | 111.91B | 109.85B | 113.86B | 110.05B | 93.11B |
| Gross Profit | 13.49B | 13.29B | 13.40B | 14.34B | 15.76B | 14.06B |
| EBITDA | 11.34B | 11.19B | 10.75B | 11.56B | 12.70B | 11.29B |
| Net Income | 6.14B | 5.90B | 5.99B | 6.82B | 5.87B | 7.75B |
Balance Sheet | ||||||
| Total Assets | 105.74B | 106.06B | 103.22B | 103.13B | 102.36B | 99.99B |
| Cash, Cash Equivalents and Short-Term Investments | 8.84B | 8.51B | 7.69B | 9.79B | 8.08B | 8.84B |
| Total Debt | 19.51B | 19.75B | 20.39B | 23.33B | 20.41B | 20.44B |
| Total Liabilities | 51.34B | 51.97B | 52.14B | 54.87B | 56.80B | 57.84B |
| Stockholders Equity | 48.09B | 47.85B | 45.10B | 42.66B | 39.04B | 35.78B |
Cash Flow | ||||||
| Free Cash Flow | 4.29B | 3.34B | 3.56B | 3.12B | 3.86B | 4.21B |
| Operating Cash Flow | 7.91B | 10.43B | 10.29B | 9.61B | 10.10B | 10.47B |
| Investing Cash Flow | -3.28B | -5.74B | -4.44B | -4.85B | -5.73B | -6.77B |
| Financing Cash Flow | -2.68B | -4.30B | -7.86B | -3.14B | -5.02B | -3.64B |
ENN Energy Holdings Technical Analysis
Positive
48.26
Price Trends
46.10
Positive
49.48
Positive
57.42
Negative
Market Momentum
1.17
Negative
63.95
Neutral
81.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2688, the sentiment is Positive. The current price of 48.26 is below the 20-day moving average (MA) of 48.71, above the 50-day MA of 46.10, and below the 200-day MA of 57.42, indicating a neutral trend. The MACD of 1.17 indicates Negative momentum. The RSI at 63.95 is Neutral, neither overbought nor oversold. The STOCH value of 81.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2688.
ENN Energy Holdings Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$57.02B | 7.45 | 12.80% | 6.23% | 5.69% | 8.67% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | HK$38.88B | 10.29 | 7.90% | 5.92% | 0.94% | 17.12% | |
60 Neutral | HK$11.31B | 7.45 | 5.79% | 6.06% | 2.60% | -11.05% | |
59 Neutral | HK$30.18B | 10.52 | 4.80% | 6.52% | -7.13% | -16.53% | |
59 Neutral | HK$136.22B | 20.51 | 10.65% | 4.87% | 1.53% | 12.95% | |
48 Neutral | HK$14.78B | 41.81 | 3.71% | 2.52% | 6.15% | -21.68% |
* Utilities Sector Average
HK:2688
ENN Energy Holdings
48.14
-14.67
-23.35%
HK:0384
China Gas Holdings
5.37
-2.17
-28.84%
HK:1193
China Resources Gas Group
16.06
-3.37
-17.34%
HK:0003
Hong Kong & China Gas Co
7.18
0.43
6.37%
HK:1083
Towngas China Co
3.13
-0.57
-15.31%
HK:1635
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
2.29
-0.21
-8.45%
ENN Energy Holdings Corporate Events
ENN Energy Posts Higher Profit on Resilient Gas Operations and Strong Cash Flow
Aug 28, 2026
ENN Energy Holdings reported modest top-line growth for the first half of 2026, with revenue rising 2.4% to RMB57.0 billion and profit attributable to shareholders up 9.8%, supported by a growing customer base of 33.26 million residential and 328,...
ENN Energy Declares HKD 0.68 Interim Dividend for 2026, Sets 10% Withholding for Offshore Enterprises
Aug 28, 2026
ENN Energy Holdings has declared an interim ordinary dividend of HKD 0.68 per share for the financial year ending 31 December 2026, based on its results for the six months to 30 June 2026. The dividend will be paid in Hong Kong dollars on 27 Novem...
ENN Energy Sets August Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
ENN Energy Holdings has scheduled a board meeting for 28 August 2026 to review and approve the announcement of its interim results for the six months ended 30 June 2026. The board will also consider the potential payment of an interim dividend, a ...
ENN Energy Privatization Plan Collapses as Regulatory Approvals Stall
Jun 12, 2026
ENN Energy Holdings will remain listed in Hong Kong after a proposal to privatize the company and withdraw its shares from trading lapsed on June 12, 2026. The privatization plan, led by ENN Natural Gas and Xinneng (Hong Kong) Energy Investment, d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.