1. Hong Kong Stocks

  2. •

    Utilities

  3. •

    Gas distributors
Beijing Enterprises Holdings Limited

Beijing Enterprises Holdings Limited

3.38
EUR
-0.08
(-2.31%)
4.30BMarket Cap
Apr 01Next Earn
Beijing Enterprises Holdings Limited
GETTEX:BJEB
(Gettex)

Recent

price

3.38

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
20.69
17.61
20.24
22.28
23.96
32.85
39.56
38.07
41.4
43.12
38.45
52.15
62.92
59.37
66.78
17.25
- -
Revenue per Share
1.98
1.6
1.84
2.2
2.42
3.1
4.41
4.56
4.63
5.12
2.97
6.42
5.16
3.97
4.07
1
- -
Basic EPS, GAAP
2.36
-3.03
-1.57
-0.25
-1.07
5.69
4.95
-0.28
1.06
0.61
-0.08
-2.11
-5.08
-2.46
-1.63
0.33
- -
Free Cash Flow per Basic Share
0.6
0.46
0.45
0.45
0.56
0.65
0.86
0.79
0.77
0.91
0.81
0.93
1.14
1.62
1.38
0.37
- -
Dividend per Share
25.68
21.81
22.56
25.95
28.47
31.8
40.67
44.74
42.57
47.89
47.71
62.36
62.79
58.42
67.47
70.78
70.78
Book Value per Share
20.24
16.78
18.01
21.95
22.8
25.54
25.2
29.07
28.63
32.94
34
46.29
45.44
42.12
49.77
52.63
52.63
Tangible Book Value per Share
1,137
1,138
1,138
1,160
1,279
1,284
1,267
1,262
1,262
1,262
1,262
1,262
1,262
1,260
1,259
5,056
1,258
Basic Weighted Avg Shares
23,532
20,032
23,029
25,843
30,656
42,176
50,106
48,054
52,250
54,415
48,522
65,818
79,375
74,815
84,064
87,228
- -
Sales/Revenue/Turnover
10.15
8.14
5.55
5.74
5.11
3.36
4.78
4.34
3.95
4.93
3.07
4.62
3.73
2.91
4.29
4.38
- -
Operating Margin (%)
1,269
1,166
1,206
1,375
1,549
1,936
2,978
2,927
3,046
3,339
3,178
4,300
4,043
3,733
4,159
4,641
- -
Depreciation Expense
2,249
1,825
2,094
2,552
3,090
3,974
5,584
5,749
5,843
6,466
3,750
8,107
6,512
4,997
5,123
5,056
- -
Net Income, GAAP
18.05
13.73
13.41
10.29
9.46
10.27
11.44
10.52
12.74
10.65
15.13
9.58
11.68
11.92
16.31
14.3
- -
Effective Tax Rate (%)
9.56
9.11
9.09
9.88
10.08
9.42
11.14
11.96
11.18
11.88
7.73
12.32
8.2
6.68
6.09
5.8
- -
Profit Margin (%)
5,957
4,741
4,509
185
-1,339
5,140
-4,857
1,214
2,784
-1,139
-2,647
-5,736
-5,384
-14,600
-12,089
-6,359
-6,359
Working Capital
8,418
9,520
13,167
11,274
12,432
19,428
28,841
45,202
44,708
42,321
34,927
37,921
46,870
38,439
43,268
46,312
46,312
LT Debt
34,887
29,795
30,862
39,087
43,549
48,138
60,922
66,158
62,467
69,855
69,105
89,435
90,674
84,573
97,615
102,735
102,735
Total Equity
4.57
4.08
3.78
3.9
3.14
2.9
3.56
2.51
2.61
2.28
1.04
2.94
1.7
1.51
1.81
1.86
- -
Return on Invested Capital (%)
5.02
3.64
5.31
5.49
5.57
6.56
7.17
6
6.13
6.63
3.91
6.68
4.85
4.01
3.63
3.01
- -
Return on Capital (%)
8.41
6.76
8.3
8.71
8.89
10.27
12.12
10.67
10.61
11.33
6.22
11.67
8.25
6.54
6.46
5.81
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
36,241
36,776
33,314
LT Borrowings
42,915
42,844
45,853
LT Finance Leases
353
431
460
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,258
1,258
1,258
Market Capitalization
30,970
38,020
35,363

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
49,727
52,797
52,001
Cash, Cash Equivalents & STI
30,960
30,086
31,268
Accounts Receivable, Net
5,135
4,666
4,835
Inventories
6,816
6,505
7,377
Total Current Liabilities
61,816
63,838
58,359
Payables & Accruals
- -
- -
- -
ST Debt
36,241
36,776
33,314
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.51%
8.95%
5.24%
Free Cash Flow
152.16%
454.66%
-181.27%
Net Income, GAAP
8.82%
14.89%
-1.31%
Sales/Revenue/Turnover
8.34%
13.33%
3.76%
Total Cash Common Dividend
9.87%
14.3%
6.81%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
74,815
2024
- -
- -
84,064
2025
- -
- -
87,228

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3.97
2024
- -
- -
4.07
2025
- -
- -
1

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.62
2024
- -
- -
1.38
2025
- -
- -
0.37
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Business
Beijing Enterprises Holdings Limited (BEHL), an investment holding company listed on the Hong Kong Stock Exchange under ticker 0392 (OTC: BJINF), primarily engages in public utilities and related businesses including natural gas distribution; piped natural gas and gas-related equipment sales; natural gas transmission, repair, and maintenance services; underground construction surveying; gas pipeline installation; city gas project development; LNG supply to industrial users; CNG and LNG trading and distribution; CNG and LNG refueling stations for vehicles; oil and gas production; water treatment plant construction and renovation services; sewage and reclaimed water treatment and distribution; water treatment consultancy and technical licensing; waste incineration plant construction and operation; waste treatment services; electricity sales from waste incineration; heat and steam generation; and brewery product production, distribution, and sales, alongside consultation and property investment services. The company operates predominantly in Mainland China with international presence in Germany, Luxembourg, the Netherlands, Malaysia, Portugal, and other regions, serving over 57 million natural gas users via approximately 600,000 kilometers of pipelines, water treatment assets with a design capacity of 43.3 million tons per day, global waste incineration capacity of 35,547 tons per day, and annual beer sales exceeding 4 million kiloliters. Founded in 1997 through the consolidation of premium Beijing assets and headquartered at 66/F, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong, BEHL functions as a subsidiary of Beijing Enterprises Group (BVI) Company Limited and maintains leading market positions in its core sectors. Recent developments include the November 2025 acquisition by its wholly-owned subsidiary Beijing Gas of 100% equity in Beijing North Gas Special Equipment Inspection and Testing Co., Ltd. from a related party for RMB 54.6 million to bolster gas operations; interim results announcement and dividend declaration for the six months ended June 30, 2025 in August 2025; annual results and final dividend for the year ended December 31, 2024 released in March 2025; appointments of non-executive and executive directors in September and July 2025 respectively; and change of share registrar in March 2025, alongside ongoing overseas regulatory announcements and monthly equity movements disclosures.