China Gas Holdings Limited

China Gas Holdings Limited

0.62
EUR
+0.00
(-0.80%)
4.17BMarket Cap
Nov 30Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
5.41
6.32
5.94
6.52
10.63
11.76
11.41
13.42
16.05
17.07
15.12
14.72
13.64
- -
Basic EPS, GAAP
0.54
0.67
0.46
0.85
1.23
1.63
1.76
2.01
1.39
0.8
0.59
0.6
0.5
- -
Free Cash Flow per Basic Share
-0.04
0.08
0.47
0.17
-0.08
0.24
-0.12
-0.01
0.16
0.75
0.98
0.33
0.47
- -
Dividend per Share
0.09
0.12
0.19
0.19
0.28
0.35
0.46
0.5
0.56
0.56
0.56
0.49
0.5
- -
Book Value per Share
3.16
3.68
3.64
4.14
5.73
6.77
7.59
9.96
11.69
10.64
9.92
9.89
10.49
10.49
Tangible Book Value per Share
2.06
2.29
2.2
2.52
3.92
5.06
6.32
8.6
10.3
9.39
8.76
8.78
9.38
9.38
Basic Weighted Avg Shares
4,807
5,009
4,965
4,908
4,969
5,051
5,219
5,215
5,498
5,388
5,384
5,385
5,395
5,422
Sales/Revenue/Turnover
26,008
31,666
29,497
31,993
52,832
59,386
59,540
69,975
88,225
91,988
81,410
79,258
73,604
- -
Operating Margin (%)
12.89
12.79
16.32
18.05
14.61
17.16
21.89
19.17
12.04
7.14
7.33
7.74
7.88
- -
Depreciation Expense
711
883
914
960
1,174
1,326
1,764
2,139
2,593
2,812
2,910
3,015
3,188
- -
Net Income, GAAP
2,576
3,371
2,273
4,148
6,095
8,224
9,188
10,479
7,662
4,293
3,185
3,252
2,719
- -
Effective Tax Rate (%)
19.92
19.54
26.48
20.46
22.45
19.66
19.37
17.16
18.58
15.3
16.47
19.16
25.69
- -
Profit Margin (%)
9.9
10.65
7.71
12.96
11.54
13.85
15.43
14.97
8.68
4.67
3.91
4.1
3.69
- -
Working Capital
1,648
1,331
-6,156
-7,216
-2,224
-5,041
-9,838
4,081
1,136
440
-5,135
-2,355
-4,752
-4,752
LT Debt
14,192
16,817
12,010
12,745
21,293
21,491
15,726
33,223
35,343
39,279
36,137
39,278
36,495
36,495
Total Equity
18,157
21,436
20,964
23,947
32,730
40,793
45,800
59,864
72,069
64,790
60,747
60,727
64,784
64,784
Return on Invested Capital (%)
8.33
8.52
7.56
9.79
10.22
11.81
12.62
10.99
7.02
4.57
3.78
4.09
3.46
- -
Return on Capital (%)
8.12
8.27
5.55
9.16
10.91
11.82
11.23
10.66
6.43
3.94
3.48
3.13
2.51
- -
Return on Common Equity (%)
18.89
19.73
12.54
21.6
24.88
25.79
24.53
22.89
13.27
7.07
5.7
6.03
4.9
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
21,147
22,074
30,042
LT Borrowings
39,149
40,858
36,190
LT Finance Leases
129
124
306
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,448
5,448
5,448
Market Capitalization
37,610
40,308
37,763

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
44,548
48,206
50,485
Cash, Cash Equivalents & STI
8,889
12,761
12,341
Accounts Receivable, Net
5,700
5,814
6,003
Inventories
4,285
3,716
4,181
Total Current Liabilities
46,902
46,559
55,236
Payables & Accruals
- -
- -
- -
ST Debt
21,147
22,074
30,042
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.92%
2.14%
6.68%
Free Cash Flow
-179.23%
-188.29%
43.88%
Net Income, GAAP
7.92%
-22.19%
-16.38%
Sales/Revenue/Turnover
11.29%
1.82%
-7.13%
Total Cash Common Dividend
12.51%
1.31%
3.27%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
81,410
2025
- -
- -
79,258
2026
- -
- -
73,604

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.59
2025
- -
- -
0.6
2026
- -
- -
0.5

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.56
2025
- -
- -
0.49
2026
- -
- -
0.5

Company Description

CEO
Ming Hui Liu
Full Time Employees
70,000
Sector
Utilities
Industry
Gas distributors
Address
Capital Centre Hong Kong Hong Kong
IPO Date
Oct 20, 1995
Business
China Gas Holdings Limited is China's largest trans-regional integrated energy supplier and service provider, primarily engaged in the investment, construction, and operation of city and township gas pipelines, gas terminals, storage and transportation facilities, and gas logistics systems; delivery of natural gas and liquefied petroleum gas (LPG) to residential, industrial, and commercial users; building and operation of compressed natural gas (CNG)/liquefied natural gas (LNG) fueling stations for vehicles and vessels; development and application of natural gas and LPG technologies; sales of natural gas through retail, long-distance pipelines, and trading; engineering design, construction, and installation services; sales of LPG; value-added services including kitchen appliances, gas safety products, customized furniture, household consumables, and water purification; integrated energy solutions encompassing industrial and commercial energy storage systems (ESS), distributed photovoltaics, charging piles, biomass energy, energy-saving services, electricity sales, green electricity and certificate trading, and virtual power plants; as well as other businesses such as coalbed methane development, petrochemical facilities, securities investment, software development, and rental services. The company operates through segments including sales of natural gas, engineering design, construction and installation, sales of LPG, value-added services, and other businesses, serving customers across residential, industrial, commercial, and transportation sectors primarily in mainland China with 662 piped gas projects in 30 provinces, municipalities, and autonomous regions, 32 long-distance natural gas pipeline projects, 485 CNG/LNG refilling stations, one coalbed methane project, and 120 LPG distribution projects; it also pursues international trading and overseas expansion in integrated energy. Founded in 1995 and headquartered in Wan Chai, Hong Kong, the company has built 564,972 km of gas pipelines and connected 49.1 million residential users, 28,262 industrial users, and 424,164 commercial users as of September 30, 2025. Recent developments include entering a strategic cooperation agreement with EVE Energy Co., Ltd. on December 2, 2025, to collaborate on energy storage technology innovation, biomass applications, green energy ecosystems, joint project development in industrial/commercial ESS, mobile ESS, heavy-duty truck batteries, and net-zero parks targeting 1 GWh battery orders within one year and overseas markets over three years; scaling industrial/commercial ESS to 617.7 MWh operational and 1.2 GWh contracted capacity, adding 410.6 MWh operational and 70.8 MW photovoltaics; RMB 900 million medium-term notes issuance (2025 6th tranche); ongoing investments in smart gas meters, digital platforms for cost reductions, and AI-driven optimizations; and internal reporting reorganization combining gas connection and engineering segments while advancing digital intelligence transformation, AI integration, and net-zero city initiatives.

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