1. People's Republic of China Stocks

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    Energy

  3. •

    Oil & Gas Midstream
Anhui Province Natural Gas DevelopmentCo.,Ltd.

Anhui Province Natural Gas DevelopmentCo.,Ltd.

603689.SS
Anhui Province Natural Gas DevelopmentCo.,Ltd.CN flagShanghai Stock Exchange
7.21
CNY
-0.14
- -
3.79BMarket Cap
Anhui Province Natural Gas DevelopmentCo.,Ltd.
603689.SS
(Shanghai Stock Exchange)

Recent

price

7.21

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
4.48
4.92
6.63
7.44
6.03
5.61
6.82
8.92
10.09
10.53
12.55
12.78
12.2
10.39
11.56
Revenue per Share
- -
0.22
0.27
0.31
0.33
0.26
0.27
0.37
0.48
0.44
0.44
0.54
0.72
0.7
0.66
0.68
Basic EPS, GAAP
- -
-0.63
-0.36
-0.55
-0.43
-0.38
-0.12
0.07
0.11
0.41
0.22
-0.4
-0.17
-0.27
-0.13
-1.65
Free Cash Flow per Basic Share
- -
0.13
0.06
0.1
0.11
0.08
0.06
0.12
0.16
0.2
0.18
0.24
0.29
0.46
0.5
0.48
Dividend per Share
- -
0.84
0.98
1.25
1.54
1.75
1.77
1.96
2.32
2.56
2.84
3.48
3.92
4.23
4.36
4.22
Book Value per Share
- -
2.4
2.23
2.73
3.35
3.45
4.26
4.43
4.9
5.23
5.71
6.29
6.73
7.41
7.93
7.35
Tangible Book Value per Share
- -
308
352
352
353
358
458
475
468
472
469
472
478
475
492
480
Basic Weighted Avg Shares
960
1,380
1,731
2,332
2,626
2,155
2,571
3,241
4,171
4,764
4,937
5,928
6,104
5,799
5,109
5,550
Sales/Revenue/Turnover
10.06
7.67
8.09
7.17
6.61
6.01
5.65
7.33
7.4
5.88
5.96
5.95
7.31
7.88
8.66
8.05
Operating Margin (%)
- -
- -
53
68
78
94
111
139
149
156
178
157
145
182
205
- -
Depreciation Expense
63
68
95
108
116
92
124
176
224
209
206
255
344
333
324
328
Net Income, GAAP
12.33
16.1
26.84
30.89
30.54
32.22
32.98
28.69
26.57
25.56
29.33
25.97
25.04
27.39
24.82
27.37
Effective Tax Rate (%)
6.54
4.94
5.51
4.63
4.41
4.27
4.84
5.44
5.37
4.39
4.18
4.3
5.64
5.74
6.35
5.9
Profit Margin (%)
-184
-112
-383
-405
-160
-433
211
295
408
329
1,113
620
508
-604
-914
-612
Working Capital
302
60
84
283
453
382
408
417
498
468
1,356
2,056
2,430
1,866
1,380
1,954
LT Debt
330
759
844
1,043
1,299
1,388
2,122
2,266
2,459
2,638
2,839
3,233
3,552
3,892
4,292
3,901
Total Equity
- -
9.29
8.71
7.85
6.36
4.06
3.97
6.2
7.83
6.7
5.31
5.13
5.67
5.19
5.16
4.97
Return on Invested Capital (%)
- -
13.26
15.55
13.73
10.88
7.29
9.31
11.94
13.18
10.96
8.64
7.91
8.34
7.39
7.27
7.07
Return on Capital (%)
- -
24.06
31.63
27.58
23.61
15.75
17.3
20.22
22.21
18.24
16.24
17.15
19.58
17.14
15.63
16.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
760
868
859
LT Borrowings
1,861
1,955
1,949
LT Finance Leases
5
6
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
490
490
490
Market Capitalization
4,354
4,101
4,043

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,066
1,204
1,022
Cash, Cash Equivalents & STI
619
817
734
Accounts Receivable, Net
106
112
84
Inventories
44
56
40
Total Current Liabilities
1,669
1,661
1,634
Payables & Accruals
- -
- -
- -
ST Debt
760
868
859
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.35%
10.24%
10.27%
Free Cash Flow
-26.52%
-76.16%
-49.57%
Net Income, GAAP
12.81%
10.28%
-2.45%
Sales/Revenue/Turnover
8.01%
1.96%
-11.9%
Total Cash Common Dividend
24.49%
23.43%
12.62%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,568
1,355
1,327
1,549
5,799
2025
1,454
1,220
1,297
- -
5,109
2026
1,335
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
- -
- -
- -
0.7
2025
0.21
- -
- -
- -
0.66
2026
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.46
2025
0.02
- -
- -
- -
0.5
2026
0.01
- -
- -
- -
- -
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Business
Anhui Province Natural Gas Development Co., Ltd. is engaged in the comprehensive development, construction, and operation of natural gas infrastructure across Anhui, China. The company focuses on investing in, building, and managing extensive long-distance natural gas pipeline networks. It distributes natural gas to various downstream clients, including municipal gas utilities and large industrial end-users, while also offering essential gas transmission services. Beyond core distribution, the company processes and supplies compressed natural gas (CNG) and liquefied natural gas (LNG) to commercial and industrial consumers. Furthermore, its operations extend to urban gas distribution systems for local terminal users and a range of installation, maintenance, and repair services for gas-related equipment and appliances. Established in 2002 and headquartered in Hefei, China, the company is a pivotal energy provider in the region.