Binhai Investment Company Limited Announces Strong Q1 2026 Results and Strategic Initiatives

Date: 22 April 2026
Stock Code: 2886 (Hong Kong)

Key Operational Highlights for Q1 2026

• Robust Sales Growth: The Group recorded a total piped gas sales volume of approximately 794 million cubic meters, representing a 21% year-on-year increase.
• Pipeline Gas Sales: Out of the total, 585 million cubic meters were pipeline gas sales (23% YoY increase).
  • Gas sold to industrial and commercial users surged to 439 million cubic meters, a remarkable 31% YoY growth.
  • Household gas sales reached 146 million cubic meters, up 4% YoY.
• Throughput Gas: The volume of gas passing through reached 209 million cubic meters, marking a 15% YoY increase.
• Customer Expansion: Binhai Investment connected approximately 5,000 new households during the quarter, bringing its total connected households to approximately 2.449 million.

Strategic Developments and Partnerships

• Urban Renewal and Market Expansion: The Group is capitalising on opportunities from urban renewal and old community renovation projects, actively expanding its customer base through intensified market development.
• Major Shareholder Support: A Framework Agreement on Further Deepening Strategic Cooperation was signed on 4 March 2026 between Tianjin TEDA Investment Holding (Group) Co., Ltd. (largest controlling shareholder) and Sinopec Natural Gas Company Limited (parent company of the second largest shareholder, China Petroleum & Chemical Corporation).
• Value-Added Services Expansion: Binhai Investment’s wholly-owned subsidiary, Hainan Binhai Taiyuejia Technology Co., Ltd. (“Taiyuejia”), entered a strategic cooperation framework agreement with Tianjin TEDA City Renewal and Construction Development Co., Ltd. (a Tianjin TEDA subsidiary). This collaboration focuses on the national “Good Housing” initiative and urban quality enhancement.
• New Industry Partnerships: Taiyuejia has also established strategic cooperation with a leading Tianjin gas service provider, targeting integrated gas services and synergistic market growth. This move is aimed at scaling up value-added services from private- to public-domain customers.

Business Outlook and Transformation Strategy

• Three-Pronged Growth Focus: The Group will pursue:
  • Consolidation of core city gas business
  • Vigorous development of value-added services
  • Accelerated transformation into a comprehensive energy supplier
• Strategic Integration: The company aims to leverage integration across the upstream and downstream industrial chain, diversify markets and service strategies, and steadily grow both its end-user base and the volume of high-margin value-added services.
• Profitability Enhancement: These initiatives are expected to further improve the Group’s overall profitability.

Investor Considerations and Price-Sensitive Information

• Strong operational growth and expansion into value-added services through strategic partnerships could significantly enhance future profitability and market share—key factors that may positively affect share value.
• Support from major shareholders (Tianjin TEDA and Sinopec) and their strategic cooperation is a major vote of confidence in the Group’s long-term growth and transformation plans.
• Ongoing business transformation and urban renewal projects position Binhai Investment to capture new growth opportunities in an evolving energy market.

Board and Corporate Governance Update

• The board comprises three executive directors, three non-executive directors, and four independent non-executive directors, reflecting strong corporate governance and oversight.

Disclaimer

The operational data provided in this announcement is unaudited and based on preliminary internal information. Actual results may differ from those disclosed in future audited or unaudited consolidated financial statements due to uncertainties in data collection. Investors are advised to exercise caution and consult professional advisers before making investment decisions based on this information.

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