Tian Lun Gas Holdings Limited

Tian Lun Gas Holdings Limited

0.29
EUR
0.00
(0.00%)
340.62MMarket Cap
Apr 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.1
1.62
2.36
2.69
3.14
5.17
6.61
6.43
7.65
7.67
7.97
8.03
8.19
- -
Basic EPS, GAAP
0.2
0.27
0.3
0.31
0.41
0.58
0.8
1.04
1
0.45
0.49
0.31
0.04
- -
Free Cash Flow per Basic Share
-0.02
-0.03
-0.03
0.26
0.14
0.14
0.98
1.1
-0.01
0.3
0.72
0.63
0.76
- -
Dividend per Share
- -
- -
- -
0.07
0.08
0.08
0.21
0.23
0.29
0.23
0.16
0.18
0.14
- -
Book Value per Share
1.11
1.38
2.33
2.46
2.81
3.28
3.89
4.68
5.37
5.68
5.98
6.13
6.03
6.03
Tangible Book Value per Share
0.26
-0.29
-0.3
-0.81
-0.86
-0.77
-0.23
0.35
-0.15
0.27
0.7
0.96
0.96
0.96
Basic Weighted Avg Shares
828
828
955
1,001
990
990
991
1,001
1,000
983
969
969
969
968
Sales/Revenue/Turnover
912
1,344
2,252
2,693
3,109
5,113
6,549
6,440
7,650
7,543
7,725
7,781
7,937
- -
Operating Margin (%)
27.87
26.88
21.44
20.76
19.9
24.07
22.21
23.96
19.86
14.66
14.87
13.03
9.56
- -
Depreciation Expense
44
76
142
173
188
214
245
276
328
339
355
369
381
- -
Net Income, GAAP
169
220
284
313
404
569
789
1,044
1,001
445
480
301
39
- -
Effective Tax Rate (%)
24.32
27.12
25.96
24.8
26.55
29.07
27.84
25.01
24.56
29.97
29.29
35.99
49.94
- -
Profit Margin (%)
18.53
16.38
12.62
11.64
13
11.13
12.05
16.2
13.08
5.89
6.21
3.87
0.49
- -
Working Capital
473
-35
58
180
-184
64
585
-194
660
898
41
1,503
1,887
1,887
LT Debt
781
723
1,887
2,740
2,898
3,810
3,886
2,774
4,255
4,295
3,120
4,406
4,936
4,936
Total Equity
1,091
1,477
2,782
2,752
3,118
3,544
4,187
4,980
5,528
5,823
6,112
6,262
6,126
6,126
Return on Invested Capital (%)
9.98
10.74
9.16
7.6
6.91
9.5
10.92
12.5
10.43
5.02
5.42
4.13
1.66
- -
Return on Capital (%)
9.47
9.58
7.93
6.96
7.73
9.05
10.6
12.41
10.46
5.21
5.62
4.04
1.56
- -
Return on Common Equity (%)
20.22
21.31
16.27
13.11
15.52
18.88
22.1
24.3
20.18
8.29
8.48
5.13
0.66
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2,603
2,242
1,954
LT Borrowings
4,396
5,268
4,926
LT Finance Leases
10
6
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
969
969
967
Market Capitalization
3,240
2,814
2,799

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
5,998
6,286
5,588
Cash, Cash Equivalents & STI
1,118
1,219
1,258
Accounts Receivable, Net
379
487
9
Inventories
229
163
207
Total Current Liabilities
4,495
3,916
3,702
Payables & Accruals
- -
- -
- -
ST Debt
2,603
2,242
1,954
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.46%
4.32%
-2.17%
Free Cash Flow
-269.27%
-456.05%
20.41%
Net Income, GAAP
-2.53%
-35.25%
-87.17%
Sales/Revenue/Turnover
14.85%
4.51%
2.01%
Total Cash Common Dividend
- -
-7.66%
-18.15%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
7,725
2024
- -
- -
7,781
2025
- -
- -
7,937

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.49
2024
- -
- -
0.31
2025
- -
- -
0.04

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.16
2024
- -
- -
0.18
2025
- -
- -
0.14

Company Description

CEO
Zhen Yuan Xian
Full Time Employees
2,827
Sector
Energy minerals
Industry
Integrated oil
Address
Tian Lun Group Building Zhengzhou HN China 450003
IPO Date
Nov 10, 2010
Business
Tian Lun Gas Holdings Limited engages in the transportation, distribution, and sale of natural gas and compressed natural gas through an extensive pipeline network in China. The company’s core products and services include urban gas operation, township gas operation, long-distance pipelines, direct industrial gas supply, gas refilling stations, and liquefied natural gas (LNG) production and sales in bulk and cylinders. Additionally, Tian Lun provides gas pipeline construction, infrastructure installation, natural gas equipment trading, engineering design and consulting, new energy technology development, electricity generation and sales, and professional engineering technology services. The company operates a broad portfolio of 70 urban gas projects across 16 provinces, serving over 5.7 million urban and rural residents alongside approximately 48,000 industrial and commercial customers. It manages 9,332 kilometers of medium- and high-pressure pipelines, 51 gas stations, one LNG plant, and six long-distance pipelines in operation and under construction. Founded in 2002 and headquartered in Zhengzhou, China, Tian Lun Gas Holdings is listed on the Hong Kong Stock Exchange (Ticker: 1600.HK). The company follows a strategic expansion plan focused on "taking root in Henan and going national," aligning with China’s rural revitalization and carbon neutrality policies. In recent years, Tian Lun has advanced its green energy initiatives, including rooftop photovoltaic (PV) projects and biogas integration, pioneering a gas-electricity coordination model implemented in multiple regions. It has partnered with Zhongyuan Yuzi Investment Holding Group and attracted Zhuhai Port Holdings Group as a strategic shareholder to accelerate development in green energy and rural gas penetration. Collaborations with large state-owned enterprises such as SPIC, CECEP, and PowerChina aim to enhance the company’s low-carbon and zero-carbon energy service ecosystem. Recent operational highlights include a focus on expanding market penetration in rural areas and continued infrastructure development to support diversified green energy solutions and industrial customers. The company reported revenue growth in 2024 and 2025 despite a slight decrease in net income margins, forecasting moderate growth aligned with industry averages. Tian Lun Gas Holdings continues to position itself as a leading green and low-carbon energy supplier in China with a comprehensive service offering spanning urban and rural gas delivery, renewable energy integration, and advanced energy management solutions. This strategic pivot towards sustainability and rural market expansion represents its latest major shift within the past two years.