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Based on consensus from external analysts. Not Kvantra's opinion.

Shenzhen Gas Corporation Ltd. is a diversified energy enterprise involved in pipeline gas distribution, gas infrastructure investments, refueling services for vehicles and vessels, petroleum gas sales, and the retail of bottled liquefied petroleum gas. It delivers piped gas to roughly 4.3 million customers via an extensive network stretching approximately 7,300 kilometers. The company possesses operational rights for its pipeline gas ventures, branded as "Shenzhen Gas," across 57 cities in a broad geographical area encompassing provinces such as Guangdong, Guangxi, Hunan, Hubei, Jiangxi, Jiangsu, Zhejiang, Anhui, Yunnan, Sichuan, Hebei, Shandong, and Inner Mongolia, among others. Its diversified operations also include managing 23 natural gas vehicle refueling stations, approximately 84 direct retail outlets, and two specialized facilities for the storage, distribution, and filling of liquefied petroleum gas. Furthermore, it operates a substantial liquefied petroleum gas (LPG) wholesale business, supported by significant infrastructure: storage capacity of 80,000 cubic meters each for propane and butane, a dedicated 50,000-ton unloading berth, a 5,000-ton loading berth, and 10 tank truck loading docks. Established in 1982, Shenzhen Gas Corporation Ltd. has its headquarters situated in Shenzhen, China.

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