China Resources Gas Group Limited
1.83
EUR
-0.03
(-1.61%)
ISIN
BMG2113B1081
CUSIP
G2113B108
Return %
Stock
S&P 500
1Y
-16.82
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
HKD
•
in mil. unless spec.Working Capital
HKD
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in mil. unless spec.Growth Rates
HKD
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in mil. unless spec.Semi-annual Revenue
HKD
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in mil. unless spec.Semi-annual Earnings Per Share
HKD
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in mil. unless spec.Semi-annual Dividends Per Share
HKD
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in mil. unless spec.Company Description
- CEO
- Yan Qin
- Full Time Employees
- 55,928
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- China Resources Building Hong Kong Hong Kong
- IPO Date
- Nov 7, 1994
- Website
- crcgas.com
- Similar Companies
- Business
- China Resources Gas Group Limited is an investment holding company principally engaged in the gas distribution business, operating primarily in China. The company manufactures, sells, and distributes natural gas and liquefied petroleum gas for residential, commercial, and industrial use. Its core offerings encompass the sale and distribution of gas fuels and related products; gas connection services involving the construction of gas pipeline networks; comprehensive services including the sale of gas appliances and related equipment; design and construction services providing design, consultancy, and management for gas connection projects; and operation of natural gas filling stations. China Resources Gas extends its operations through its segments across multiple provinces in China, serving a vast customer base. Founded in 1994 with headquarters in Wan Chai, Hong Kong, China Resources Gas Group Limited is a subsidiary of CRH (Gas) Limited. The company is actively expanding its presence in emerging markets and lower-tier cities, adding significant new customers. Recent strategic developments include a major acquisition of a regional gas distributor that is expected to boost annual revenue. Additionally, the company has formed strategic partnerships with technology firms to enhance operational capabilities, including collaborations on green hydrogen production to align with renewable energy trends. This focus on sustainability is underscored by investments aimed at reducing carbon emissions by 20% by 2025 and increasing renewable energy investments. Financially, China Resources Gas Group Limited has demonstrated strong performance with accelerated revenue growth, reporting about RMB 100 billion in 2024, driven primarily by increased gas sales accounting for around 80% of revenue. The company's gross profit margin stood at 25%, with substantial net profits and a notable return on equity. It has targets for annual revenue growth around 12% through 2026 and efficiency improvements backed by technology-driven projects. Operationally, the company also pursues a gas equity buyback program and regional expansions, aiming to maintain its leadership in China's evolving energy market while integrating new energy solutions. In summary, China Resources Gas Group Limited operates a comprehensive gas distribution platform focused on natural and liquefied gas supply, pipeline construction, energy-related appliance sales, and gas station operations. It is actively advancing its growth through strategic acquisitions, technological partnerships in clean energy, and geographic expansion in China, maintaining a proactive approach to sustainability and operational efficiency in the competitive energy sector. The company is headquartered in Hong Kong and continues to be a key player in the energy infrastructure and service sector in China.
Company News
China Resources Gas Group Limited (OTCMKTS:CRGGF) Short Interest Down 15.0% in January
China Resources Gas Group Limited (OTCMKTS:CRGGF) Sees Significant Increase in Short Interest