Breaking Down Shaanxi Provincial Natural Gas Co.,Ltd Financial Health: Key Insights for Investors

Shaanxi Provincial Natural Gas Co., Ltd. (SPNG), a state-owned backbone of Shaanxi's energy network founded on January 20, 1995, anchors regional supply with a strategic mission to 'gather energy and extend value'-delivering cleaner fuel, pushing technological innovation and customer focus across residential and industrial users; in 2022 the company generated ¥10.5 billion in revenue with a robust 15% net profit margin, supports operations on a asset base of ¥27 billion, and is accelerating infrastructure rollout with a targeted 1,000 kilometers of additional pipeline by 2025, all while leveraging a 20% stake partnership with CNPC and maintaining a current customer satisfaction score near 92% as it pursues higher service reliability, environmental responsibility and long-term sustainability.

Shaanxi Provincial Natural Gas Co.,Ltd (002267.SZ) Intro

• Founded: January 20, 1995
• Primary business: Natural gas pipeline construction, operation and distribution
• Regional focus: Shaanxi Province, China
• Strategic partner: China National Petroleum Corporation (CNPC) - 20% ownership

• Provide safe, reliable and affordable natural gas delivery to households and industry across Shaanxi.
• Accelerate pipeline network expansion to support regional decarbonization and fuel switching from coal to gas.
• Operate with high safety, environmental stewardship and community responsibility standards.

• Become the leading provincial integrated gas infrastructure operator and enabler of low-carbon energy systems in northwest China.
• Achieve widespread urban and rural gas connectivity while modernizing network digitalization and efficiency.
• Grow asset scale and service coverage sustainably through strategic partnerships and technology adoption.

• Safety first - strict HSE compliance and zero-tolerance for major incidents.
• Reliability - uninterrupted supply and responsive customer service.
• Innovation - adopt pipeline technologies, SCADA, and leakage-detection systems.
• Integrity - transparent governance and adherence to state-owned enterprise responsibilities.
• Collaboration - leverage CNPC expertise and provincial stakeholders for network optimization.

• Pipeline expansion: target to add approximately 1,000 kilometers of pipeline by 2025 to increase coverage and throughput capacity.
• Rural and industrial connections: prioritize small cities, townships and industrial parks to displace coal use and reduce emissions.
• Asset modernization: investments in digital monitoring, compressor upgrades and pressure-management systems.

• Technical collaboration with CNPC provides access to advanced exploration, pipeline-laying, safety and compressor technologies.
• Provincial coordination ensures prioritization of urbanization nodes and industrial clusters for gas supply.
• Revenue mix driven by residential heating, industrial users and city-gas distribution tariffs regulated at provincial/national levels.

• Ticker: 002267.SZ
• State-owned governance with strategic alignment to provincial energy plans and national natural gas policy.
• For deeper financial analysis and investor-focused insights, see: Breaking Down Shaanxi Provincial Natural Gas Co.,Ltd Financial Health: Key Insights for Investors

Shaanxi Provincial Natural Gas Co.,Ltd (002267.SZ) - Overview

• Mission: Ensure safe, reliable delivery of natural gas across Shaanxi Province, strengthening regional energy security and supporting economic development.
• Environmental commitment: Promote natural gas as a lower-carbon alternative to coal and other fossil fuels to help reduce regional emissions and align with China's national environmental goals.
• Customer focus: Maintain high service reliability and a customer satisfaction score of 92%.
• Infrastructure investment: Expand and modernize gas transportation and distribution assets, targeting an additional 1,000 kilometers of pipeline by 2025.
• Innovation & efficiency: Invest in state-of-the-art facilities and explore advanced technologies to improve energy efficiency and lower operational costs.
• Policy alignment: Integrate the company's strategy with national clean-energy and energy-security policies.

• Shaanxi Provincial Natural Gas pursues measurable operational KPIs (service uptime, leak rates, delivery volumes) tied to its mission and capital plans.
• The company balances near-term infrastructure growth with long-term sustainability goals, using natural gas as a transition fuel while researching lower-carbon technologies and efficiency gains.
• For further corporate background and detailed history, see: Shaanxi Provincial Natural Gas Co.,Ltd: History, Ownership, Mission, How It Works & Makes Money

Shaanxi Provincial Natural Gas Co.,Ltd (002267.SZ) - Mission Statement

• Provide continuous, safe gas supply to residential, commercial and industrial customers across its service area.
• Invest in pipeline expansion and network resilience to strengthen regional energy security.
• Adopt advanced technologies to lower emissions intensity and improve operational efficiency.
• Forge strategic partnerships and optimize capital structure to support long-term sustainable growth.

• Pipeline network expansion: target an additional 1,000 kilometers of transmission and distribution pipeline by 2025 to increase coverage and redundancy.
• Strategic ownership and partnerships: leverage the 20% equity stake held by China National Petroleum Corporation (CNPC) to access upstream resources, technical capabilities and joint investment opportunities.
• Customer commitment: achieve a 95% customer satisfaction score through improved service reliability, faster response times and enhanced digital customer interfaces.
• Environmental ambition: promote natural gas as a lower-carbon transitional fuel to contribute to provincial and national carbon-reduction goals.

• Accelerate pipeline construction and modernization projects to meet the +1,000 km 2025 expansion target, prioritizing high-demand corridors and urban distribution networks.
• Implement SCADA and IoT monitoring across transmission and distribution assets to reduce leakage, improve safety and optimize maintenance cycles.
• Collaborate with CNPC and local governments on integrated supply arrangements, storage capacity optimization and seasonal balancing solutions.
• Roll out customer-facing digital platforms and emergency-response improvements to lift service reliability and approach the 95% satisfaction goal.

Shaanxi Provincial Natural Gas Co.,Ltd (002267.SZ) - Vision Statement

• Safety is paramount: SPNG maintains comprehensive safety management systems, emergency response teams, and routine integrity inspections to minimize incidents and protect employees and communities.
• Integrity: Transparent reporting, compliance with regulatory requirements and ethical conduct underpin stakeholder trust across suppliers, customers and investors.
• Environmental responsibility: SPNG promotes natural gas substitution for higher‑emission fuels, contributing to local air-quality improvements and CO2 reductions.
• Innovation: Continuous deployment of smart metering, SCADA upgrades, leak-detection technology and pipeline rehabilitation reduces losses and operational costs.
• Customer-centricity: Prioritizing supply reliability, fast connection services and responsive customer care to improve satisfaction and retention.
• Sustainability: Long-term asset planning, alignment with China's 2060 carbon neutrality objectives, and investments in low-carbon solutions guide strategic decisions.

• Advance safe expansion of city-gas networks and supporting LNG/CNG refueling infrastructure to capture growing regional demand.
• Invest in digital operations (SCADA, IoT sensors, predictive maintenance) to lower operating costs and reduce unplanned outages.
• Promote fuel-switch programs for industry and transport to replace coal and liquid fuels, quantifying local emissions reductions.
• Strengthen governance and disclosure practices to meet investor expectations and regulatory transparency standards.
• Target measurable sustainability KPIs-pipeline integrity, methane emissions intensity, and customer satisfaction scores-to track progress.