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ENN Energy Holdings Limited (02688.HK) is the flagship enterprise of ENN Group

We provide energy services to more than 31 million household users and more than 270,000 enterprises in 21 provinces across the country, operating 261 urban gas projects, covering a population of 143 million.

We have always been guided by customer needs, continuously innovated natural gas products and service models by means of intelligent technologies, implemented large-scale enterprise energy and carbon integration solutions, and continuously expanded high - quality household life services.

our business

ENN Energy's principal business includes investing in constructing, operating and managing gas pipeline infrastructure in China; marketing and distributing pipeline gas, LNG and other diverse clean energy products; providing digital intelligence services related to low-carbon integrated solutions for clients; and developing diversified value added businesses centered around household customer demands.

Natural Gas Business

Guided by a customer-centric approach, ENN Energy accelerates the upgrade of its natural gas business through smart solutions, achieving sustained and rapid development.

Integrated Energy Business

Committed to building a modern energy system, ENN Energy has made breakthrough progress in integrated energy services. Centering on customer needs, we focus on full energy value chain development to create tailored energy systems that prioritize clean energy, integrate multiple energy sources, and combine supply with demand.

Value Added Business

Based on gas and centered around the needs of family customers, continuously extending scenarios and expanding products and services. Relying on the e-City e-Home platform, develop diverse intelligent solutions such as safe, healthy, quality shopping, and community services.

Credit ratings

During the period, the Company’s credit rating from Standard & Poor’s, Moody’s and Fitch maintained at “BBB+”, “Baa1” and “BBB+” respectively, with a “stable” outlook. This reaffirms our solid business foundation and robust financial position, showcasing our resilience.

BBB+

Standard & Poor's ：Long-term Credit Rating BBB+ (Outlook: Stable)

An obligation rated "BBB" exhibits adequate protection parameters, indicating that the obligor typically has stable income and cash flow, which can support their debt repayment obligations. It also suggests that the obligor's business operations are relatively mature, with a certain level of market competitiveness and profitability.

S&P Global

Baa1

Moody's: Long-Term Credit Rating: Baa1 (Outlook: Stable)

An obligation rated "Baa1" indicates that the obligor has investment-grade credit quality, meaning the obligor has ample capacity to pay interest and repay principal. This rating reflects that the credit risk of the obligor is relatively low, and while there is a risk of default, it is not high.

Moody’s

BBB+

Long Term Credit Rating: BBB+ (Outlook: Stable)

A company with a BBB+ credit rating has demonstrated a positive financial condition and stable debt repayment ability in the capital market. This rating reflects the company's robust cash flow, mature business model, and low risk of default.

FitchRatings

Company Milestone

1989-1992

1993-1999

2001-2004

2005-2013

2014-2018

2019-2021

2022

2024

First involved in energy, convenient for people

In 1989, ENN entered the field of liquefied gas business;
In 1992, ENN entered the field of pipeline natural gas.

Gasification Langfang, service city

In 1994, in the process of Langfang urban gasification, ENN was the first private enterprises to participate in urban public utilities.

Capital integration and rapid expansion

In 2003, ENN entered the provincial capital city and established Shijiazhuang ENN Gas; Since then, ENN has successfully gasified Changsha, Xiangtan, Zhuzhou, Dongguan, Zhanjiang and other places, and ENN’s business territory has expanded rapidly.

Transforming to an integrated energy service provider

In 2005, ENN cooperated with IBM to implement comprehensive informatisation;
In 2009, the first Integrated Energy project—Hunan Changsha Huanghua Airport Project;
In 2010, "ENN Gas" was renamed "ENN Energy", transforming from natural gas sales to a comprehensive energy service provider.

Culture upgrade, management reconstruction

In 2018, ENN acquired FANNENG Network Technology Co., Ltd. and obtained leading core technologies such as integral energy planning, design, and operation and maintenance.

Implement ecological strategy, digital and intelligent transformation

On August 6, 2019, the 30th anniversary of the ENN Group's founding, the Group proposed a clean energy ecological strategy. ENN Energy focused on the three core businesses of gas distributors, pipe network operators, and integrated energy service providers; gradually built a digital product system to achieve the company's digital transformation;
In June 2020, the company released the report Deepening Customer Cognition, Building Product System and Promoting ENN Energy Leapfrogging Development, which clearly took customer demand as the starting point to achieve product innovation.

A new strategy to become a blue chip

On December 6, 2021 ENN Energy (02688.HK) officially became a member of Hang Seng Index, further expanding the company's influence in the capital market.
In 2022, ENN Energy established a new strategic of The service provider for quality family life and enterprise energy carbon management.

Soaring Towards Sustainability

Using intelligent innovative services and building on the foundation of our natural gas business, We aspire to become a service provider that creates multi-product value for customers

Sustainable Development

“Guided by our mission of Building a Modern Energy System and Co-building a Better Ecology, ENN Energy is committed to leading the way in stimulating innovation and transformation, leading green and low-carbon practices, advancing industry intelligence, and setting the benchmark for secure & quality services.”