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    Utilities

  3. •

    Gas distributors
Towngas Smart Energy Company Limited

Towngas Smart Energy Company Limited

0.32
EUR
+0.00
(-0.62%)
1.45BMarket Cap
Mar 18Next Earn
Towngas Smart Energy Company Limited
FRA:PGJ
(Frankfurt Stock Exchange)

Recent

price

0.32

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
1.36
1.76
2.11
2.58
3.01
2.91
2.67
3.2
4.23
4.55
4.39
5.68
6.28
6.02
6.25
5.88
- -
Revenue per Share
0.2
0.29
0.34
0.42
0.4
0.3
0.36
0.5
0.44
0.46
0.5
0.42
0.3
0.48
0.47
0.45
- -
Basic EPS, GAAP
-0.07
-0.12
-0.22
-0.26
-0.31
-0.23
-0.12
-0.13
-0.41
-0.2
-0.06
-0.18
-0.64
-1.04
-0.44
-0.16
- -
Free Cash Flow per Basic Share
0.02
0.03
0.05
0.06
0.02
0.04
0.02
0.02
0.04
0.03
0.02
0.02
0.04
0.05
0.05
0.05
- -
Dividend per Share
3.5
3.91
4.26
4.8
5.04
5.06
4.98
5.72
5.78
6.49
6.98
7.26
6.62
6.81
6.74
7.01
7.01
Book Value per Share
2.04
2.27
2.45
2.51
2.57
2.7
2.82
3.43
3.64
4.48
4.93
5.28
4.86
5.26
5.31
5.59
5.59
Tangible Book Value per Share
2,186
2,457
2,460
2,605
2,622
2,649
2,686
2,737
2,789
2,840
2,919
3,017
3,197
3,298
3,413
3,559
3,558
Basic Weighted Avg Shares
2,981
4,321
5,183
6,716
7,882
7,718
7,181
8,760
11,787
12,924
12,826
17,125
20,073
19,842
21,314
20,912
- -
Sales/Revenue/Turnover
11.07
13.57
14.35
13.77
13.53
13.18
14.25
14.72
13.55
13.69
14.41
12.48
8.08
8.58
9.22
6.89
- -
Operating Margin (%)
198
247
276
331
402
449
480
521
608
693
762
868
918
1,070
1,238
1,322
- -
Depreciation Expense
436
709
841
1,106
1,054
807
974
1,365
1,224
1,308
1,447
1,253
965
1,575
1,606
1,585
- -
Net Income, GAAP
21.79
24.86
24.23
23.78
22.87
27.09
24.88
21.14
25.31
24.9
25.19
28.8
24.16
17.53
18.53
19.3
- -
Effective Tax Rate (%)
14.62
16.4
16.22
16.47
13.37
10.46
13.56
15.59
10.39
10.12
11.28
7.32
4.81
7.94
7.54
7.58
- -
Profit Margin (%)
-2,487
-793
-1,228
-2,336
-3,013
-3,491
-4,228
-5,760
-4,522
-5,108
-7,322
-9,645
-9,593
-8,334
-5,598
-7,535
-7,535
Working Capital
904
3,374
4,139
4,482
5,069
5,585
5,184
5,072
6,721
6,841
6,416
10,821
10,699
11,004
11,857
10,854
10,854
LT Debt
9,135
10,299
11,287
13,478
14,444
14,700
14,664
17,198
17,769
20,300
22,649
25,173
23,863
25,230
25,758
28,160
28,160
Total Equity
2.26
3.08
3.38
3.64
3.78
3.18
3.25
4.07
4.34
4.41
4.07
3.65
2.7
3.71
3.77
3.24
- -
Return on Invested Capital (%)
4.38
5.32
5.26
5.87
5
3.6
4.52
5.86
4.77
4.83
4.81
3.53
2.93
4.5
4.6
4.37
- -
Return on Capital (%)
5.81
7.8
8.37
9.61
8.18
6.04
7.22
9.31
7.63
7.51
7.36
5.75
4.35
7.1
6.94
6.45
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
5,616
6,719
6,475
LT Borrowings
11,746
11,531
10,745
LT Finance Leases
111
133
109
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,480
3,482
3,671
Market Capitalization
10,521
13,140
13,220

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
8,930
9,251
7,643
Cash, Cash Equivalents & STI
2,725
3,332
2,499
Accounts Receivable, Net
2,006
2,025
2,184
Inventories
576
469
616
Total Current Liabilities
14,528
15,970
15,178
Payables & Accruals
- -
- -
- -
ST Debt
5,616
6,719
6,475
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.92%
4.62%
9.32%
Free Cash Flow
51.94%
89.83%
-61.39%
Net Income, GAAP
9.55%
5.5%
-1.29%
Sales/Revenue/Turnover
11.36%
11.02%
-1.89%
Total Cash Common Dividend
15.12%
24.63%
13.49%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
19,842
2024
- -
- -
21,314
2025
- -
- -
20,912

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.48
2024
- -
- -
0.47
2025
- -
- -
0.45

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.05
2024
- -
- -
0.05
2025
- -
- -
0.05
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Business
Towngas Smart Energy Company Limited (1083.HK; TGASF) is an investment holding company principally engaged in the sale, distribution and connection of piped gas and related products primarily on the Chinese mainland; it supplies natural gas to residential, commercial and industrial customers, constructs and operates city-gas infrastructure and pipelines, and provides renewable energy generation including solar photovoltaic systems, digitalised energy management services, carbon management services, and liquefied petroleum gas in bulk and cylinders. A subsidiary of The Hong Kong and China Gas Company Limited (Towngas), the company operates through segments such as sales and distribution of piped gas and related household appliances, gas connection projects, and extended businesses encompassing value-added energy solutions; it targets diverse customer bases across multiple provinces in China and maintains a presence in Hong Kong. Founded in 2000 as Towngas China and rebranded to Towngas Smart Energy in 2021 following a strategic HK$2.8 billion investment from Affinity Equity Partners representing 13.3% equity to accelerate its evolution into an integrated smart energy provider emphasizing integration, digitalisation via cloud computing and partnerships like Tencent, and decarbonisation through solar, distributed energy systems, power storage, microgrids and hydrogen initiatives, the company is headquartered at Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, with registered offices in the Cayman Islands. In recent developments, Towngas Smart Energy reported core operating profit rising to HK$719 million for the first half of 2025, declared its first-ever interim dividend of HK5 cents per share on August 15, 2025, issued sustainability-linked bonds raising US$4 million, secured six key international ESG ratings, and advanced investments in smart meters exceeding 500,000 units alongside 10 MW solar capacity as part of ongoing expansions in clean energy solutions.