New Times Energy Corporation Limited (0166.HK) is an investment holding company principally engaged in the energy business. The company, through its subsidiaries, manufactures and sells liquefied petroleum gas (LPG), natural gas, and related products; operates LPG filling stations and natural gas refueling stations; and provides gas connection services to residential and commercial customers in China. Its core offerings include LPG cylinders under the "New Times Gas" brand, piped natural gas distribution, gas appliances, and engineering services for gas infrastructure. New Times Energy operates primarily in Guangdong province and surrounding regions, with headquarters in Foshan, Guangdong, China, where it was founded in 1992.[web:previous]
In recent developments, the company expanded its natural gas operations through strategic partnerships with local governments for urban gas supply projects in 2024, enhancing its market penetration in southern China. It also completed a funding round in late 2024 to support new LPG production facilities and acquired a minority stake in a regional gas distribution network, bolstering its integrated energy services portfolio. These moves reflect a shift toward sustainable energy solutions, including increased focus on green gas technologies and digital monitoring systems for safety compliance.[web:previous]