Anhui Province Natural Gas Development

What Anhui Province Natural Gas Development does

Anhui Province Natural Gas Development Co., Ltd. ("皖天然气/Wan Natural Gas") is a state-controlled, vertically integrated natural gas utility headquartered in Hefei, Anhui Province, China. Founded in 2003 and listed on the Shanghai Stock Exchange Main Board in January 2017 (ticker 603689), the company operates as the Anhui Provincial Government-approved natural gas pipeline operator. Its core business is the long-distance trunk and branch pipeline network that spans all 16 prefecture-level cities of Anhui Province in a north-south, east-west configuration, with cumulative gas transmission and sales volume reaching 31.641 billion cubic meters by end-2024.

The company runs a five-segment business platform: (1) Long-distance pipeline transmission (长输管网), (2) downstream city-gas distribution through roughly 14 subsidiary city-gas companies (城市燃气终端), (3) natural gas trading via a dedicated sales subsidiary (燃气资源贸易) established in September 2020 to comply with national oil-and-gas system reform mandating transmission-sales separation, (4) integrated energy services including EV charging and battery-swap infrastructure (综合能源充换电) absorbed in 2023 to build the "provincial one-network" for charging, and (5) strategic equity investments in regional gas JVs. Supporting technology platforms include smart station transformation with electric actuators and flow-control valves, an integrated smart-city network operations management platform, SCADA industrial-control security systems, and an engineering project management platform.

Revenue is generated through regulated transmission fees on the provincial trunk network, regulated city-gas distribution tariffs to industrial, commercial, and residential end-users via subsidiary companies, transaction fees from the EV charging/battery-swap network, and trading margins from the gas sales entity. Go-to-market is sales-led and government-coordinated: industrial and commercial users are acquired via direct sales relationships and formal tender/bidding, while residential and SMB customers are served through city-gas subsidiaries that hold exclusive regional franchise rights (e.g., Hexian, Huoshan, Suzhou, Woyang, Ningguo, Jingxian). The ultimate controlling shareholder is Anhui Province Energy Group Co., Ltd., a provincial state-owned energy holding company.

Name

Anhui Province Natural Gas Development

Legal name

安徽省天然气开发股份有限公司

Website

https://ahtrq.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Anhui Province Natural Gas Development (SSE: 603689) is a state-controlled, vertically integrated natural gas utility operating the government-approved provincial trunk pipeline network spanning all 16 cities of Anhui Province, with downstream city-gas distribution, gas trading, and EV charging/battery-swap services.

Ownership category

akta.pro rank

Product category

Natural Gas Pipeline Transmission and Distribution

NAICS

Pipeline Transportation of Natural Gas (48621), Natural Gas Distribution (221210)

SIC

Natural Gas Transmission (4922), Natural Gas Distribution (4924)

akta.pro primary industry

Intrastate Natural Gas Transmission (TLAGACAB)

akta.pro secondary industry

Interstate & Intrastate Natural Gas Transmission Pipelines (EUAAACAB)

Keywords

• Natural gas transmission
• City gas distribution
• Pipeline infrastructure
• Gas trading services
• EV charging network

Headquarters

HQ city

Hefei

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Natural Gas Transmission (Pipeline Transportation): Charges for transporting natural gas through the company's provincial trunk and branch pipeline network. The company operates the core long-distance pipeline infrastructure connecting across all 16 cities of Anhui Province, generating transmission fees from shippers and downstream distributors.
2. City Gas Distribution (Downstream Retail): Through subsidiary companies, the company distributes natural gas to end-use residential, commercial, and industrial customers, collecting gas distribution fees.
3. Comprehensive Energy Services (Charging/Battery Swap): Following provincial government mandate, the company operates charging and battery swap infrastructure as part of the provincial EV charging network, diversifying beyond natural gas into clean energy services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Anhui Province Natural Gas Development operates the Anhui provincial natural gas trunk and branch pipeline network connecting all 16 prefecture-level cities, charging transmission fees to industrial, commercial, and downstream gas distributors. Through 14 subsidiary companies, it distributes natural gas directly to residential, commercial, and small industrial end-users. The company also operates a natural gas trading business (separated transmission and sales per national oil and gas reform) and a provincial EV charging/battery swap infrastructure network.

Product overview

Anhui Province Natural Gas Development Co., Ltd. (皖天然气) operates as a large-scale integrated natural gas supplier with a platform-plus-services architecture. The core business consists of five interconnected segments: (1) Long-distance Pipeline Networks - the foundational infrastructure spanning all 16 cities in Anhui Province; (2) City Gas Direct Supply Terminals - downstream distribution to urban end-users through subsidiary companies; (3) Gas Resource Trading - the sales and trading arm established in 2020 implementing industry reform; (4) Integrated Energy Services (charging/battery swap) - electric vehicle charging infrastructure; and (5) Equity Investments - stakes in various regional gas subsidiaries. Supporting these operations are technology platforms including Smart Station Transformation systems, an Engineering Management Platform, Smart City Network Integrated Operation Management Platform, and Industrial Control Security Equipment. The company also provides consumer services including gas connection, meter reading, safety inspections, and bill payment through integrated digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Long-distance Pipeline Networks (长输管网) Natural gas transmission pipeline infrastructure business operating provincial trunk and branch pipeline networks spanning north-south and east-west, covering all 16 cities in Anhui Province. By end of 2024, cumulative gas transmission reached 31.641 billion cubic meters. Serves industrial users, downstream gas distributors, and power generation companies connected to the trunk pipeline.
• City Gas Direct Supply Terminals (城市燃气直供终端) Downstream city gas distribution business serving urban end-users with direct gas supply services through subsidiary companies across various cities in Anhui Province. Serves residential, commercial, and small-to-medium industrial customers.
• Gas Resource Trading (燃气资源贸易) Natural gas trading business operated through Anhui Province Natural Gas Sales Co., Ltd. (established September 2020), implementing the national oil and gas system reform with separated gas transmission and sales operations.
• Integrated Energy - Charging/Battery Swap (综合能源充换电) Electric vehicle charging and battery swap services operated through Anhui Province Charging and Battery Swap Company, leading the construction of the unified provincial EV charging and battery swap infrastructure network as mandated by provincial government.
• Equity Investment (股权投资) Strategic equity investments in various city gas subsidiaries and joint ventures across Anhui Province, including partnerships with Huarong Gas Investment, Hong Kong & China Gas, China Resources Gas, ENN Energy, and Anhui Xinneng Gas for regional natural gas operations.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• 安徽涡河能源有限公司 (Anhui Wohe Energy Co., Ltd.)coreStrategic or Co-development Partner · 1 April 2021Joint venture partner in establishing 涡阳皖能能源有限公司 (Woyang Wanneng Energy Co., Ltd.), a limited liability company established April 28, 2021. Wanneng holds 70% stake, Wohe holds 30%. Registered capital of 50 million yuan, with paid-in capital of 12.5 million yuan as of establishment.
• 港华燃气投资有限公司 (Hong Kong & China Gas Investment Co., Ltd.)coreStrategic or Co-development Partner · 1 January 2015Joint venture partner in establishing 安徽省皖能港华天然气有限公司 (Anhui Wanneng Ganghua Natural Gas Co., Ltd.), a Sino-foreign joint venture established in January 2015. The JV operates natural gas transmission pipelines (宣城至黄山干线, 南陵至泾县支线) and city gas distribution in 宁国市 and 泾县. The parent company holds the operator position (603689.SH on Shanghai Stock Exchange).
• 新奥燃气发展有限公司 (Xinao Gas Development Co., Ltd.)coreStrategic or Co-development Partner · 1 March 2014Joint venture partner in establishing 安徽省皖能新奥天然气有限公司 (Anhui Wanneng Xinao Natural Gas Co., Ltd.), a joint venture established March 5, 2014 with registered capital of 173.5 million yuan. Wanneng holds 51% stake, Xinao holds 49%. Operates city gas distribution networks.
• 华润燃气投资（中国）有限公司 (China Resources Gas Investment (China) Co., Ltd.)coreStrategic or Co-development Partner · 1 January 2014Joint venture partner in establishing 霍山皖能天然气有限公司 (Huoshan Wanneng Natural Gas Co., Ltd.), a Sino-foreign joint venture established January 23, 2014 with registered capital of 90 million yuan. Wanneng holds 60%, China Resources holds 40%. Operates gas distribution in 霍山县 with exclusive franchise rights.
• 安徽鑫能燃气有限公司 (Anhui Xinneng Gas Co., Ltd.)coreStrategic or Co-development Partner · 1 December 2013Joint venture partner in establishing 宿州皖能天然气有限公司 (Suzhou Wanneng Natural Gas Co., Ltd.), a joint venture established December 20, 2013 with registered capital of 32 million yuan. Wanneng holds 51%, Xinneng holds 49%. Operates city gas in 宿州 area.
• 和县人民政府 (Hexian County Government)minorStrategic or Co-development Partner · 1 January 2010Partnership established in 2010 granting 特许经营权 (franchise rights) to 和县皖能天然气有限公司 for natural gas operations within Hexian County jurisdiction.

Scale indicators5 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Beijing Enterprises Holdings (Towngas China parent context): Diversified Chinese utility holding with city gas pipeline operations across multiple provinces. Operates comparable city gas distribution franchises and provides a benchmark for asset-heavy provincial gas utility valuations.
• PetroChina Natural Gas & Pipeline Company: Operates China's largest long-distance natural gas transmission pipeline network including the West-East Gas Pipeline that feeds into Anhui. Provides the upstream gas supply to Anhui Wanneng's transmission system, making it a critical upstream value chain participant.
• Kunlun Energy: Subsidiary of CNPC operating natural gas pipelines, LNG terminals, and city gas distribution across China. Much larger scale but operates in the same integrated gas value chain with comparable long-distance pipeline and downstream city gas operations.
• Sinopec Gas Company: Major Chinese gas distributor and pipeline operator with suburban and city gas operations. Comparable business model combining long-haul pipelines with downstream city gas distribution, though at national scale.

Regional players

• Chongqing Gas: Major municipal gas utility in Chongqing covering transmission and distribution. Comparable integrated pipeline-plus-city-gas model with similar provincial-level franchise scope.
• Shenzhen Gas Corporation: Listed Shenzhen-based city gas and gas trading operator (601139.SH). Comparable business model combining long-distance pipeline, city gas distribution, and downstream trading, though focused on the Guangdong market rather than Anhui.
• Guangzhou Gas Group: State-owned gas utility serving Guangzhou and surrounding Guangdong region. Comparable SOE structure, integrated transmission and distribution operations, with similar reliance on regulated municipal franchise rights.

Direct peers

• ENN Energy Holdings: One of China's largest city gas distributors, operating through regional subsidiaries similar to Anhui Wanneng's structure. ENN is also a JV partner in Anhui Wanneng Xinao, making it a direct peer in gas distribution business model and customer segments.
• China Resources Gas Group: Major state-affiliated city gas operator in mainland China with similar provincial subsidiary structure. China Resources Gas is a JV partner in Huoshan Wanneng, indicating directly comparable city gas distribution operations.
• Hong Kong and China Gas (Towngas): Hong Kong-based gas utility with extensive mainland China city gas operations and pipeline investments. JV partner in Anhui Wanneng Ganghua, operating comparable franchise-based city gas distribution networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anhui Province Natural Gas Development