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ENN Energy Holdings (2688) AI Stock Analysis
ENN Energy Holdings
(HKEX:2688)
The score is driven primarily by attractive valuation (low P/E and high dividend yield) and solid cash-generation/leverage profile. Offsetting this, profitability and margins have trended down with flat-to-declining recent revenue, and technicals show only neutral-to-mixed momentum with the price still below the 200-day average.
ENN Energy Holdings (2688) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 6.86B
- Dividend Yield
- 6.21%
- Average Volume (3M)
- 3.23M
- Price to Earnings (P/E)
- 7.5
- Beta (1Y)
- 0.63
- Revenue Growth
- 5.69%
- EPS Growth
- 8.67%
- Country
- Hong Kong
- Employees
- 33,742
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Gas
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, I...
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 city...
ENN Energy Holdings Financial Statement Overview
Summary
Stable operating cash flow and consistently positive free cash flow support financial resilience, and leverage has improved (lower debt-to-equity). However, revenue has been flat to slightly down recently and profitability has weakened over multiple years, with notable margin compression (gross, EBITDA, and net margins).
Income Statement
62PositiveBalance Sheet
74PositiveCash Flow
70Positive| 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 | 11.92B | 11.60B | 11.32B | 11.86B | 12.92B | 11.47B |
| 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 | 4.84B | 3.34B | 3.56B | 3.12B | 3.86B | 4.21B |
| Operating Cash Flow | 10.92B | 10.43B | 10.29B | 9.61B | 10.10B | 10.47B |
| Investing Cash Flow | -5.09B | -5.74B | -4.44B | -4.85B | -5.73B | -6.77B |
| Financing Cash Flow | -3.36B | -4.30B | -7.86B | -3.14B | -5.02B | -3.64B |
ENN Energy Holdings Technical Analysis
Price Trends
Market Momentum
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 48.76 is above the 20-day moving average (MA) of 48.46, above the 50-day MA of 48.40, and below the 200-day MA of 53.51, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 13.54 is Positive, 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
Overall Rating
- HK:268872Outperform
HK:119363Neutral
HK:000359Neutral
HK:038456Neutral
HK:108348Neutral
HK:163548Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2688 | 72Outperform | HKD 55.06B | 7.50 | 12.80% | 6.21% | 5.69% | 8.67% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| HK:1193 | 63Neutral | HKD 37.02B | 10.46 | 7.90% | 5.82% | 0.94% | 17.12% |
| HK:0003 | 59Neutral | HKD 135.66B | 20.77 | 10.65% | 4.81% | 1.53% | 12.95% |
| HK:0384 | 56Neutral | HKD 27.02B | 9.72 | 4.80% | 7.05% | -7.13% | -16.53% |
| HK:1083 | 48Neutral | HKD 11.14B | 7.01 | 5.79% | 6.44% | 2.60% | -11.05% |
| HK:1635 | 48Neutral | HKD 12.31B | 35.41 | 3.71% | 3.18% | 6.15% | -21.68% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2688 | ENN Energy Holdings | 48.76 | -14.52 | -22.94% | |
| HK:0384 | China Gas Holdings | 4.96 | -2.65 | -34.78% | |
| HK:1193 | China Resources Gas Group | 16.32 | -3.68 | -18.39% | |
| HK:0003 | Hong Kong & China Gas Co | 7.27 | 0.40 | 5.76% | |
| HK:1083 | Towngas China Co | 2.94 | -0.74 | -20.12% | |
| HK:1635 | Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H | 1.81 | -2.35 | -56.53% |
ENN Energy Holdings Corporate Events
ENN Energy Posts Higher Profit on Resilient Gas Operations and Strong Cash Flow
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 328,000...
ENN Energy Declares HKD 0.68 Interim Dividend for 2026, Sets 10% Withholding for Offshore Enterprises
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 November...
ENN Energy Sets August Board Meeting to Review Interim Results and Dividend
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 dec...
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.
Date of analysis: Sep 27, 2026