Enn Energy Holdings Limited · HKEX:2688
Enn Energy — Q3 2025 Earnings Presentation
17 slides from Enn Energy's earnings presentation, Oct 30, 2025
Slide 1: 3Q2025 Operational Data
3Q2025 Operational Data Company Presentation 30 October 2025
Slide 2: 1-3Q Operational Highlights
1-3Q Operational Highlights Retail gas sales volume increased by 2.0% to 19,190 mil m3, and developed 9.5 mil m3 installed daily capacity to expand the scale of gas volume Integrated energy business: 529.6MW new PV capacity connected, reaching 1,194.1MW total installed capacity Smart home business:
Slide 3: Natural Gas Business Performance
Natural Gas Business Performance Retail Gas Vol (mil m3) C&I Gas Vol (mil m3) Residential Gas Vol (mil m3) 14,843 15,208 3,748 3,804 +2.5% +1.5% 18,819 +2.0% 19,190 1-3Q2024 1-3Q2025 1-3Q2024 1-3Q2025 New Residential Households（’000） 1-3Q2024 1-3Q2025 3Q 2025 294 3
Slide 4: IE Business Performance
IE Business Performance IE Sales Vol（mil kWh） IE Projects Scalable Projects Scalable Projects In Operation Under Construction 4.3% 378 66 IE Accumulative Installed Photovoltaic & Energy Capacity Storage Business Progress 45.1% 50.6% l Cumulative photovoltaic capacity: 1,460.0 MW (grid-connected + Un
Slide 5: IE Business Performance—Progress on Project Signing
IE Business Performance—Progress on Project Signing Low-carbon Maximum energy sales potential of newly contracted industrial park projects: Industrial Parks 1.6 bn kWh per year Low-carbon Maximum energy sales potential of newly contracted factory projects: Factories 2.6 bn kWh per year Low-carbon Ma
Slide 6: Smart Home Business Performance
Smart Home Business Performance Penetration Rate of Product Upgrades Drive Higher Building an Intelligent Lifestyle Basic Business Revenue Generated per Household Service Provider for Households 1-3Q2025 “Smart Home Business” Number of Existing Transaction Customers 69.0% 4.28 mil households Among N
Slide 7: ESG Excellence Underpinning Sustainable Growth
ESG Excellence Underpinning Sustainable Growth l Rating Leadership： We consistently rank top in domestic and international ESG ratings, with outstanding sustainable development results l Index Inclusion： We have been successively included in internationally authoritative indices such as the MSCI Eme
Slide 8: THANK YOU
THANK YOU
Slide 9: ENN—Leveraging Intelligent Innovation Services to Become a Multi-value Service Provider
ENN—Leveraging Intelligent Innovation Services to Become a Multi-value Service Provider Anchored in Natural Gas Operations Company Profile Ø Established in 1993, ENN is one of the leading private clean energy distributor in China Ø ENN's principal business includes investing in constructing, operati
Slide 10: ENN value chain
© Upstream vatue chain @ sett-operation @ennaa 10
Slide 11: Typical Industrial Park IE Project - Cash Flow Projection
Typical Industrial Park IE Project - Cash Flow Projection* 1. Stable & Recurring Income • Integrated energy solutions reduce customers’ overall energy bills by 10% • Selling the types of energy customer need increases their stickiness Cash flow break-even 2. Rapid Cash Flow Generation • Capex are in
Slide 12: Simplified Model for a Typical City Gas Project
Simplified Model for a Typical City Gas Project* Revenue/Cost Cash flow break-even Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Revenue Gas Usage Fee Connection Fee CAPEX Free Cash Flow ØConnection fee dominates in early years when the project companies are signing
Slide 13: Gas Delivery Process
Gas Delivery Process Natural gas fields Pressure regulating plants(1) elin e (1) ista nce pip Long d Storage tanks (spherical or cylinder) or Residential Industrial households(2) users(2) Assets owned by the Group : Intermediate pipelines CNG or Main pipelines LNG trucks(1) Branch pipelines Pressure
Slide 14: IE Business Model
IE Business Model Multi-energy Coupling, Provide Load Source, Network And Storage Integrated Solutions Supply Network Heat Customer p Hosting Services Load p Energy Saving Boiler p Charging Post p Demand Response Gas p Utilization Of Residual Customer Energy Customer Pressure Regulator Customer p De
Slide 15: IE Business Logic
IE Business Logic Cooling, Heating, Electricity, Warming Different Installed Capacity Different Investment Amount Forecast Calculation Key Factor Customer Installed Investment Load Capacity Quota Macro- environment Affect Industrial Policy Practice Energy IRR Energy Optimization Calculation Energy K
Slide 16: Smart Home Business: Linking Home, Community and Public Services
Smart Home Business: Linking Home, Community and Public Services Based on IoT to Innovate Services and Products Intelligent Security Stove Innovative New Service Xiaoe E Smart Zhijia Innovative Maintenance Concealed Piping Home Smart Community Security Guard Appliance Upgrade Services Community Guar
Slide 17: Disclaimer
Disclaimer This presentation material and any oral discussions accompanying the briefing are provided for your reference only and may contain certain forward-looking statements. These include our intentions, beliefs, or current expectations regarding ENN Energy's business operations, market conditio