- CEO
- Yan Qin
- Full Time Employees
- 55,928
- Sector
- Utilities
- Industry
- Regulated Gas
- Address
- China Resources Building Hong Kong ON Hong Kong L5K 2S3
- IPO Date
- Apr 25, 2017
- Business
- China Resources Gas Group Limited (SEHK: 1193; OTC: CRGGF), a subsidiary of China Resources (Holdings) Company Limited, operates as a leading integrated gas utilities provider in China, principally engaged in the downstream city gas distribution business; its core activities encompass the sale and distribution of natural gas and related products (including piped natural gas and liquefied petroleum gas to residential, commercial, and industrial customers), gas connection services (construction of pipeline networks), comprehensive services (sales of gas appliances, related products, and extended services such as smart metering and customer support via 'Gas Butler' model), design and construction services (for gas projects including consultancy and management), and gas stations operation (natural gas filling stations); the group also develops comprehensive energy solutions focused on distributed photovoltaics, distributed energy, and transportation charging, with recent expansions into Hong Kong's transport charging market featuring liquid-cooled supercharging stations and solar-integrated projects. Incorporated in Bermuda in 1994 and listed on the Hong Kong Stock Exchange in 2007, with headquarters in Hong Kong, the company serves over 61 million connected customers across more than 276 city gas projects in 22 provinces, including 13 provincial capitals and major municipalities, primarily in economically developed and densely populated regions with rich natural gas reserves; as of the first half of 2025, it reported gas sales volume of 20.76 billion cubic meters (45.5% industrial, 23.5% commercial, 28.9% residential), revenue of HK$49.8 billion, and profit attributable to owners of HK$2.4 billion. Recent developments include enhanced natural gas resource coordination exceeding 3.5 billion cubic meters (up 100% year-on-year), addition of 831,000 new residential users, signing of 71 distributed photovoltaic projects (63MW capacity), 35 distributed energy projects (127MW), and 107 charging projects (109MW), alongside investments in 15 Hong Kong charging projects (six operational); the group established an ESG Committee in March 2025 to advance sustainable development aligned with China's carbon goals, maintains credit ratings of A2 (Moody's), A- (S&P and Fitch), and repurchased 273,100 shares in May-June 2025 to enhance shareholder value.