Energy Conversion and Financial Overview
ENN Energy - A Leader in the Industry
ENN 新奥
ENN Energy (formerly known as Xinao Gas) is one of the first privately-owned clean
energy distributor in the PRC. It was founded by Mr. Wang Yusuo and Ms. Zhao
Baoju in 1993.
In 1998, the Chinese government promoted the use of natural gas and encouraged
privately-owned enterprises to invest in city infrastructures.
ENN Energy seized the opportunity and obtained the exclusive rights for operating
piped gas in other cities.
ENN Energy was listed on GEM in May 2001 and transferred to the main board
(stock code: 2688) in June 2002.
ENN Energy is a leading privately-owned gas operator in China
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4 cities when IPO launched in May 2001
140 cities in 16 provinces, and 1 international project as of June 2014, covering
a connectable urban population of approximately 70,654,200.
1 of the few Chinese private enterprises assigned with an investment grade
credit rating on corporate and bonds:
S&P 'BBB', Moody's 'Baa3' and Fitch 'BBB'
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