Tian Lun Gas Holdings Limited

Tian Lun Gas Holdings Limited

1600.HK
Tian Lun Gas Holdings LimitedHK flagHong Kong Stock Exchange
2.75
HKD
+0.01
- -
2.64BMarket Cap
Tian Lun Gas Holdings Limited
1600.HK
(Hong Kong Stock Exchange)

Recent

price

2.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.41
0.54
0.87
1.1
1.62
2.36
2.69
3.14
5.17
6.61
6.43
7.65
7.67
7.97
8.03
8.19
Revenue per Share
0.12
0.1
0.16
0.2
0.27
0.3
0.31
0.41
0.58
0.8
1.04
1
0.45
0.49
0.31
0.04
Basic EPS, GAAP
0.09
-0.16
- -
-0.02
-0.03
-0.03
0.26
0.14
0.14
0.98
1.1
-0.01
0.3
0.72
0.63
0.76
Free Cash Flow per Basic Share
0.05
- -
- -
- -
- -
- -
0.07
0.08
0.08
0.21
0.23
0.29
0.23
0.16
0.18
0.14
Dividend per Share
0.13
0.19
0.34
0.52
0.75
0.93
1.09
1.37
1.8
2.43
3.32
4.16
4.53
4.97
5.03
4.83
Book Value per Share
0.83
0.4
0.49
0.46
0.11
0.14
-0.48
-0.52
-0.47
0.07
0.63
0.17
0.59
1.02
1.29
1.27
Tangible Book Value per Share
629
828
828
828
828
955
1,001
990
990
991
1,001
1,000
983
969
969
969
Basic Weighted Avg Shares
258
451
716
912
1,344
2,252
2,693
3,109
5,113
6,549
6,440
7,650
7,543
7,725
7,781
7,937
Sales/Revenue/Turnover
39.07
28.11
26.91
27.87
26.88
21.44
20.76
19.9
24.07
22.21
23.96
19.86
13.8
14
12.23
9.56
Operating Margin (%)
10
23
35
44
76
142
173
188
214
245
276
328
339
355
369
381
Depreciation Expense
75
83
135
169
220
284
313
404
569
789
1,044
1,001
445
480
301
39
Net Income, GAAP
22.23
23.19
26.47
24.32
27.12
25.96
24.8
26.55
29.07
27.84
25.01
24.56
29.97
29.29
35.99
49.94
Effective Tax Rate (%)
29.09
18.35
18.86
18.53
16.38
12.62
11.64
13
11.13
12.05
16.2
13.08
5.89
6.21
3.87
0.49
Profit Margin (%)
367
-26
62
473
-35
58
180
-184
64
585
-194
660
898
41
1,503
1,887
Working Capital
6
186
166
781
723
1,887
2,740
2,898
3,810
3,886
2,774
4,255
4,295
3,120
4,406
4,936
LT Debt
559
784
896
1,091
1,477
2,782
2,752
3,118
3,544
4,187
4,980
5,528
5,823
6,112
6,262
6,126
Total Equity
20.12
10.51
9.49
9.99
10.45
8.41
6.99
6.71
10.71
11.06
11.32
9.9
5.58
5.65
4.49
2.84
Return on Invested Capital (%)
67.35
18.65
14.43
12.68
12.03
10.4
9.12
9.76
11.05
12.63
14.55
11.77
5.69
6.1
4.38
1.7
Return on Capital (%)
119.53
68.81
62.1
47.61
41.73
37.67
31.75
33.01
36.25
37.7
36.41
26.76
10.34
10.36
6.21
0.81
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.46%
4.32%
-2.17%
Free Cash Flow
-269.27%
-456.05%
20.41%
Net Income, GAAP
-2.53%
-35.25%
-87.17%
Sales/Revenue/Turnover
14.85%
4.51%
2.01%
Total Cash Common Dividend
- -
-7.66%
-18.15%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
7,725
2024
- -
- -
- -
- -
7,781
2025
- -
- -
- -
- -
7,937

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.49
2024
- -
- -
- -
- -
0.31
2025
- -
- -
- -
- -
0.04

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.16
2024
- -
- -
- -
- -
0.18
2025
- -
- -
- -
- -
0.14
Business
Tian Lun Gas Holdings Limited engages in the transportation, distribution, and sale of natural gas and compressed natural gas through an extensive pipeline network in China. The company’s core products and services include urban gas operation, township gas operation, long-distance pipelines, direct industrial gas supply, gas refilling stations, and liquefied natural gas (LNG) production and sales in bulk and cylinders. Additionally, Tian Lun provides gas pipeline construction, infrastructure installation, natural gas equipment trading, engineering design and consulting, new energy technology development, electricity generation and sales, and professional engineering technology services. The company operates a broad portfolio of 70 urban gas projects across 16 provinces, serving over 5.7 million urban and rural residents alongside approximately 48,000 industrial and commercial customers. It manages 9,332 kilometers of medium- and high-pressure pipelines, 51 gas stations, one LNG plant, and six long-distance pipelines in operation and under construction. Founded in 2002 and headquartered in Zhengzhou, China, Tian Lun Gas Holdings is listed on the Hong Kong Stock Exchange (Ticker: 1600.HK). The company follows a strategic expansion plan focused on "taking root in Henan and going national," aligning with China’s rural revitalization and carbon neutrality policies. In recent years, Tian Lun has advanced its green energy initiatives, including rooftop photovoltaic (PV) projects and biogas integration, pioneering a gas-electricity coordination model implemented in multiple regions. It has partnered with Zhongyuan Yuzi Investment Holding Group and attracted Zhuhai Port Holdings Group as a strategic shareholder to accelerate development in green energy and rural gas penetration. Collaborations with large state-owned enterprises such as SPIC, CECEP, and PowerChina aim to enhance the company’s low-carbon and zero-carbon energy service ecosystem. Recent operational highlights include a focus on expanding market penetration in rural areas and continued infrastructure development to support diversified green energy solutions and industrial customers. The company reported revenue growth in 2024 and 2025 despite a slight decrease in net income margins, forecasting moderate growth aligned with industry averages. Tian Lun Gas Holdings continues to position itself as a leading green and low-carbon energy supplier in China with a comprehensive service offering spanning urban and rural gas delivery, renewable energy integration, and advanced energy management solutions. This strategic pivot towards sustainability and rural market expansion represents its latest major shift within the past two years.