https://www.scmp.com/rss/517815/feed ENN Energy Holdings is one of China's largest natural gas distributors. The company engages in investment and construction as well as operation and management of gas pipeline infrastructure. It also sells and distributes piped gas, LNG and other products. As of June 2023, it had 254 city-gas projects in 20 provinces, municipalities and autonomous regions in China. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cao Li Cao Li Hong Kong stocks extended declines on Tuesday after panic selling gripped global markets, as the US-Iran war kept investors on edge and surging oil prices fuelled inflation concerns. The Hang Seng Index closed 1.1 per cent lower at 25,768.08 after losing 2.1 per cent on Monday. The Hang Seng Tech Index fell 2.3 per cent. On the mainland, the CSI 300 Index slid 1.5 per cent and the Shanghai Composite Index fell 1.4 per cent. Tensions between the US, its allies and Iran have disrupted global oil... https://www.scmp.com/business/markets/article/3345204/hong-kong-stocks-slide-second-day-us-iran-war-rattles-sentiment?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345204/hong-kong-stocks-slide-second-day-us-iran-war-rattles-sentiment?utm_source=rss_feed Tue, 03 Mar 2026 02:14:04 +0000 Enoch Yiu Enoch Yiu The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau... https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 23:30:14 +0000 Yulu Ao Yulu Ao Hong Kong stocks made a strong start to 2026 on Friday, as investors bet on economic growth after both the mainland and Hong Kong markets recorded bull runs in 2025. The Hang Seng Index surged 2.8 per cent to 26,338.47 at the close, notching the biggest gain since May 12 and pushing the benchmark to the highest level since November 17. The Hang Seng Tech Index added 3.6 per cent. On the mainland, the markets were closed for public holidays. Leading the advance, search-engine giant Baidu jumped... https://www.scmp.com/business/china-business/article/3338452/hong-kong-stocks-jump-2026-investors-bet-continued-bull-run?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338452/hong-kong-stocks-jump-2026-investors-bet-continued-bull-run?utm_source=rss_feed Fri, 02 Jan 2026 02:27:35 +0000 Dannie Peng Dannie Peng At a laboratory in northern China, less than an hour away from Beijing, a team of scientists is working on a new technology with huge potential as a clean energy source: nuclear fusion. The spacious ENN Group campus in Langfang, Hebei province, is home to a cluster of experimental facilities. At its heart is a spherical device called the EXL-50U – a compact tokamak that uses a magnetic field to confine charged gas, or plasma, to fuse hydrogen nuclei. On the day the South China Morning Post... https://www.scmp.com/news/china/science/article/3329303/nuclear-fusion-could-china-be-first-harness-energy-powers-sun?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3329303/nuclear-fusion-could-china-be-first-harness-energy-powers-sun?utm_source=rss_feed Thu, 16 Oct 2025 22:00:09 +0000 Ling Xin,Dannie Peng Ling Xin,Dannie Peng China’s “artificial sun” is at the forefront of efforts to harness a dream energy source – nuclear fusion. The doughnut-shaped facility, called a tokamak, uses super-powerful magnets to control hot, charged gas plasma at temperatures more than six times hotter than the centre of the sun. It has sustained plasma for more than 17 minutes at a temperature of over 100 million degrees Celsius (180 million degrees Fahrenheit), smashing the previous record, according to a statement earlier this... https://www.scmp.com/plus/article/3326498/chinas-artificial-sun-aims-limitless-nuclear-fusion-energy?utm_source=rss_feed https://www.scmp.com/plus/article/3326498/chinas-artificial-sun-aims-limitless-nuclear-fusion-energy?utm_source=rss_feed Tue, 23 Sep 2025 07:00:09 +0000 Guy Kioni Guy Kioni A ceasefire has brought a reprieve to the war between Israel and Iran, halting the single most dangerous regional conflict in recent years. For Beijing, the world’s largest oil importer, the lesson from the brief, 12-day conflict, could not be clearer: China cannot continue to rely on a region so prone to disruption for the resources needed to power its economic development. China has been successful at maintaining a balancing act between competing geopolitical forces, importing vast amounts of... https://www.scmp.com/opinion/china-opinion/article/3316055/africa-could-emerge-winner-chinas-war-induced-energy-shift?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3316055/africa-could-emerge-winner-chinas-war-induced-energy-shift?utm_source=rss_feed Sun, 29 Jun 2025 12:30:08 +0000 Hadi Azmi Hadi Azmi US air strikes on Iran sent oil prices soaring on Monday, leaving Asian shippers burdened with fresh costs on top of extra insurance premiums of US$1 million more per tanker, as Tehran threatened to close the crucial Strait of Hormuz sea lane. Up to 20 million barrels of oil pass each day through the strait, one-fifth of the global supply, most of it destined for East Asia’s biggest economies – China, South Korea and Japan. The neck of water is controlled by Iran, whose parliament on Sunday... https://www.scmp.com/week-asia/economics/article/3315459/asian-shippers-fear-spiralling-costs-iran-threatens-strait-hormuz-closure?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3315459/asian-shippers-fear-spiralling-costs-iran-threatens-strait-hormuz-closure?utm_source=rss_feed Mon, 23 Jun 2025 06:40:49 +0000 Eric Ng Eric Ng Chinese state-backed energy firms and privately controlled gas distributors may have to renegotiate long-term liquefied natural gas (LNG) procurement contracts they signed with US providers if the trade war drags on, according to analysts. Trade flows of US LNG to China have stopped since February 10 when Beijing retaliated against a 10 per cent US tariff on Chinese goods by slapping a 15 per cent duty on the fuel, S&P Global Commodity Insights principal research analyst Li Lunjia said on... https://www.scmp.com/news/us/economy-trade-business/article/3307496/trade-war-could-upend-chinese-firms-us-gas-contracts-plans-sp-global?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3307496/trade-war-could-upend-chinese-firms-us-gas-contracts-plans-sp-global?utm_source=rss_feed Wed, 23 Apr 2025 02:00:28 +0000 ENN Energy, one of China’s largest city natural gas distributors, reported a better-than-expected 19 per cent rise in underlying interim profit, lifted by a price cut-induced rebound in gas consumption. Net profit for the first six months came to 1.59 billion yuan, or 1.3 yuan a share when accounting for the dilution impact of new shares issuance, up from 1.23 billion yuan and 1.13 yuan a share in the same period last year. Excluding non-operating items such as accounting gains and losses... https://www.scmp.com/business/companies/article/2007962/higher-sales-after-gas-price-cut-boost-enn-energys-interim-profit?utm_source=rss_feed https://www.scmp.com/business/companies/article/2007962/higher-sales-after-gas-price-cut-boost-enn-energys-interim-profit?utm_source=rss_feed Tue, 23 Aug 2016 11:27:16 +0000 ENN Energy Holdings, one of the mainland's largest city natural gas distributors, will strive to fulfil its goal set early this year to grow recurring net profit by 18 to 20 per cent despite revising down its sales volume target, mainly by cutting costs and growing new businesses. The company aimed to achieve this by procuring cheaper gas in chilled and liquefied form in the spot market to serve new customers not connected to pipelines and enhancing operating efficiency, deputy chairman Cheung... https://www.scmp.com/business/companies/article/1851875/chinas-enn-energy-sticks-profit-goal-despite-cutting-sales-volume?utm_source=rss_feed https://www.scmp.com/business/companies/article/1851875/chinas-enn-energy-sticks-profit-goal-despite-cutting-sales-volume?utm_source=rss_feed Sun, 23 Aug 2015 08:47:23 +0000 Hebei province-based ENN Energy, one of the mainland’s largest city natural gas distributors, has revised down its gas sales volume growth after an original plan to import gas in liquefied form did not materialise. Excluding wholesale volume, it is targeting 10 to 15 per cent growth for the whole of this year, chief financial officer Wang Dongzhi told reporters on Thursday. ENN said in March it was targeting full-year growth sales volume - including both wholesale and retail volumes - of 25 per... https://www.scmp.com/business/companies/article/1851074/chinas-enn-energy-revises-gas-sales-volume-growth?utm_source=rss_feed https://www.scmp.com/business/companies/article/1851074/chinas-enn-energy-revises-gas-sales-volume-growth?utm_source=rss_feed Thu, 20 Aug 2015 05:36:56 +0000 Shares of ENN Energy rebounded 7.6 per cent to close Friday’s morning trading session at HK$49.85 after its finance chief sought to calm the nerves of investors who sold down the company’s shares in reaction to a controversial US$200 million acquisition in North America. ENN, one of the mainland’s largest natural gas distributors, on Tuesday announced it was buying from its chairman Wang Yusuo a loss-making natural gas refuelling stations business. Chief financial officer Wang Dongzhi said the... https://www.scmp.com/business/companies/article/1629033/enn-energy-shares-rebound-after-finance-chief-seeks-ease-concerns?utm_source=rss_feed https://www.scmp.com/business/companies/article/1629033/enn-energy-shares-rebound-after-finance-chief-seeks-ease-concerns?utm_source=rss_feed Fri, 31 Oct 2014 06:03:40 +0000 ENN Energy Holdings, one of the mainland's largest natural gas distributors, saw its shares fall as much as 14 per cent before settling at a seven-month low after a deal to buy its parent firm's loss-making natural gas station businesses in the United States and Canada for US$200 million. The shares yesterday fell 9.3 per cent to HK$49.25, its lowest closing level since March 24 and after a day's low of HK$46.70. "We believe investors' initial reaction to this acquisition could be mixed,"... https://www.scmp.com/business/companies/article/1627865/investors-dump-enn-energy-shares-after-asset-deal?utm_source=rss_feed https://www.scmp.com/business/companies/article/1627865/investors-dump-enn-energy-shares-after-asset-deal?utm_source=rss_feed Wed, 29 Oct 2014 22:26:46 +0000 Wang Dongzhi, chief executive of mainland city-gas distributor ENN Energy said on Monday he saw “no problem” for the company to reach a 20 per cent target for full-year net profit growth. On Friday, ENN Energy posted a 19.6 per cent year-on-year rise in first-half pre-tax profit to 2.09 billion yuan (HK$2.63 billion), excluding an accounting loss on the change in value of a convertible bond in the first half of last year. The result was achieved despite a 3.3 per cent year-on-year fall in... https://www.scmp.com/business/commodities/article/1580734/enn-energy-track-meet-target?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1580734/enn-energy-track-meet-target?utm_source=rss_feed Tue, 26 Aug 2014 01:28:27 +0000 ENN Energy, one of the mainland's largest city piped-gas distributors, has planned further expansion of its vehicular natural-gas refilling station network to capture business from a trend to switch to cleaner-burning fuel, despite a drop in profit margin due to higher gas prices. The Hebei-based firm, controlled by mainland entrepreneur Wang Yusuo, aims to add 40 compressed and 100 liquefied natural gas stations this year. They totalled 448 in 2013, compared with the firm's objective set last... https://www.scmp.com/business/commodities/article/1461280/falling-margin-fails-hold-back-enn-energys-expansion-plans?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1461280/falling-margin-fails-hold-back-enn-energys-expansion-plans?utm_source=rss_feed Sun, 30 Mar 2014 21:27:30 +0000