New stock news | ENN Natural Gas (600803.SH) Hong Kong IPO prospectus invalid.

ENN Natural Gas Co., Ltd. (abbreviated as ENN Natural Gas) (600803.SH) submitted its Hong Kong IPO prospectus on June 16, which expired after 6 months on December 16, with CICC being its sole sponsor at the time of submission. The prospectus shows that ENN Natural Gas is China's largest private natural gas enterprise, covering the entire natural gas industry chain. With natural gas as its foundation, the company has over 30 years of operational experience, a strong customer base, abundant domestic and overseas long-term resources, China's largest private LNG receiving station, independently developed risk control and hedging trading systems, and ongoing efforts to deepen the integration of the natural gas industry chain. According to data from Frost & Sullivan, the natural gas industry in China is relatively concentrated. By 2024, the top five city gas companies in China collectively sold approximately 135.5 billion cubic meters of natural gas, accounting for about 31.7% of the total market share. Among the top five city gas companies, based on retail gas sales in 2024, ENN Natural Gas is the largest private enterprise and ranks third in terms of market share, accounting for approximately 6.1% in 2024.