**Energy sector:** approx. 70%
**Infrastructure and construction:** approx. 20%
**Other services:** approx. 10%

**TOP 3 markets:**
1. **China:** approx. 60%
2. **Southeast Asia:** approx. 25%
3. **Europe:** approx. 15%

ENN Natural Gas Co., Ltd. generates the majority of its revenue from the energy sector, particularly through the sale and distribution of natural gas. Infrastructure and construction activities also contribute significantly to revenue as the company invests in expanding gas networks and facilities.

China remains the largest market for ENN, driven by high demand for natural gas and support from government initiatives promoting clean energy. Southeast Asia and Europe are also important markets served through strategic partnerships and investments in gas infrastructure.

**Production Sites:** China (main production country)

ENN Natural Gas Co., Ltd. is a leading company in the natural gas industry in China. The company's main production facilities are located in various regions within China. The company is heavily involved in the development and production of natural gas as well as in providing related services.

In addition to the production sites in China, the company may also have strategic partnerships or joint ventures abroad to expand its production capacities. This information is based on the typical business activities of large Chinese energy companies, which often pursue both domestic and international projects.

**Growth Strategy:**
- **Diversification of Energy Sources**
- **International Expansion**
- **Investments in Renewable Energies**

ENN Natural Gas Co., Ltd. pursues a strategy focused on diversification and sustainability. The company plans to diversify its energy sources to be less dependent on traditional natural gas sources. This includes investments in renewable energies such as solar and wind power.

Another key focus is on international expansion, particularly in Asian markets, to tap into new growth opportunities. This expansion is supported by strategic partnerships and joint ventures.

Furthermore, ENN is investing in technological innovations and infrastructure to increase efficiency and reduce operating costs. These measures are intended to enable the company to respond to changing market conditions and the increasing demand for more environmentally friendly energy sources.

**Main Import Raw Material:** Liquefied Natural Gas (LNG)

**Main Supplier Countries:** Australia, Qatar, Malaysia

ENN Natural Gas Co., Ltd. mainly imports liquefied natural gas (LNG) to meet the increasing demand for clean energy in China. Australia, Qatar, and Malaysia are the most significant suppliers of LNG as these countries have extensive natural gas reserves and well-established export infrastructures. These imports are crucial to ensure energy security and reduce dependence on coal.

**Market Share in China:** 10% (estimated, 2025)
**EBITDA Margin:** 18% (2024)
**Return on Equity (ROE):** 14% (2024)

ENN Natural Gas Co., Ltd. has established itself as one of the leading providers in the Chinese natural gas market. With an estimated market share of 10% in 2025, the company demonstrates a strong presence in one of the world's largest energy markets.

The EBITDA margin of 18% in 2024 indicates an efficient cost structure and the ability to operate profitably, which is an indicator of a competitive advantage. An ROE of 14% in the same year also shows that the company effectively utilizes its equity return to enhance shareholder value.

ENN Natural Gas's competitive advantage is further strengthened by its comprehensive infrastructure, strategic partnerships, and the ability to adapt to regulatory changes. This enables the company to thrive in a dynamic and highly competitive market environment.

**Institutional Investor Share:** Estimated at about 45% (2025)

**Insider Trades:** No significant transactions in the last year (2024)

The institutional investor share in ENN Natural Gas Co., Ltd. is approximately 45%. This demonstrates the confidence of institutional investors in the company's long-term stability and growth potential.

In 2024, there were no significant insider buys or sells, indicating a stable trust by management in the current company strategy and performance. Such information is important as it is often seen as an indicator of the company's future development.

**Market share of ENN Natural Gas Co., Ltd.:** Estimated around 10% (2025)

**Major competitors and their market shares:**
1. **China National Petroleum Corporation (CNPC):** around 30%
2. **China Petroleum & Chemical Corporation (Sinopec):** around 25%
3. **CNOOC Limited:** around 20%
4. **ENN Natural Gas Co., Ltd.:** around 10%
5. **PetroChina Company Limited:** around 8%
6. **Beijing Gas Group Company Limited:** around 5%
7. **Guangdong Yudean Group Co., Ltd.:** around 2%

**Moat of ENN Natural Gas Co., Ltd.:**

ENN Natural Gas Co., Ltd. has a moderate moat, mainly driven by its strong regional presence and vertically integrated business models in the natural gas supply and distribution sector. The company benefits from long-term supply contracts and a well-developed infrastructure that enables it to operate efficiently and reduce costs.

In comparison to larger state-owned enterprises like CNPC and Sinopec, which have more extensive resources and a stronger international presence, ENN's moat is less pronounced. These competitors have the advantage of greater scale efficiency and a broader portfolio of energy sources.

However, ENN can stand out in specific market segments through its flexibility and innovation, especially in adapting to new technologies and environmentally friendly solutions. This could be a significant differentiating factor in the future as the market continues to shift towards sustainable energy sources.

**Revenue Growth:** 10.5% (2024)
**Profit Growth:** 8.2% (2024)
**Market Share in the Chinese Gas Market:** 15% (2024)

ENN Natural Gas Co., Ltd. recorded solid revenue and profit growth in 2024. The company benefits from the increasing demand for natural gas in China, one of the largest growth markets for energy worldwide.

The company's strategic focus on expanding infrastructure and tapping into new markets within China strengthens its market position. Additionally, ENN is investing in sustainable energy projects, which could have long-term positive effects on the company's development.

Analysts see the diversification of the business model and the strong market position of ENN Natural Gas Co., Ltd. as positive factors that could keep the company competitive in the coming years. Therefore, investing in the stock could be attractive for investors looking for long-term growth.

**Dividend Yield:** 3.8% (2024)

ENN Natural Gas Co., Ltd. has regularly distributed dividends to its shareholders in recent years. The company's dividend policy demonstrates a reliable payout supported by stable earnings from the natural gas business.

The dividend yield of 3.8% in 2024 indicates that the company offers an attractive return to its shareholders. Historically, ENN Natural Gas has pursued a consistent dividend policy, reflecting a solid financial foundation and a sustainable business model.