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    Gas distributors
China Gas Industry Investment Holdings Co.Ltd.

China Gas Industry Investment Holdings Co.Ltd.

HHKEX:1940
1.08
HKD
+0.08
(+7.46%)
562.76MMarket Cap
China Gas Industry Investment Holdings Co.Ltd.
HKEX:1940
(Hong Kong Exchange)

Recent

price

1.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.86
0.95
1.09
1.32
1.01
1.23
1.24
1.09
1.27
- -
Revenue per Share
0.07
0.1
0.11
-0.03
-0.02
0.09
0.11
0.11
0.13
- -
Basic EPS, GAAP
0.03
0.03
-0.1
- -
- -
0.07
-0.06
0.02
0.12
- -
Free Cash Flow per Basic Share
- -
0.01
- -
0.04
0.12
- -
0.04
- -
- -
- -
Dividend per Share
0.94
0.92
1.09
1.1
1.07
1.15
1.26
1.37
1.5
1.37
Book Value per Share
0.93
0.92
1.06
1.06
1.03
1.12
1.23
1.34
1.46
1.34
Tangible Book Value per Share
1,200
1,200
1,200
902
1,200
1,200
1,200
1,200
1,200
1,200
Basic Weighted Avg Shares
1,027
1,146
1,305
1,187
1,209
1,482
1,491
1,314
1,529
- -
Sales/Revenue/Turnover
11.76
14.2
14.67
3.99
3.61
11.82
12.89
15.49
17.05
- -
Operating Margin (%)
91
92
99
103
117
126
132
122
120
- -
Depreciation Expense
80
120
134
-28
-27
113
128
130
156
- -
Net Income, GAAP
27.78
21.35
22.2
851.08
289.95
29.98
16.16
18.44
22.56
- -
Effective Tax Rate (%)
7.79
10.46
10.25
-2.33
-2.22
7.61
8.59
9.9
10.22
- -
Profit Margin (%)
-34
-28
17
10
22
130
185
293
494
293
Working Capital
6
155
118
275
316
333
249
201
162
201
LT Debt
1,122
1,103
1,304
1,318
1,282
1,386
1,513
1,644
1,796
1,644
Total Equity
- -
8.88
9.32
-10.94
-4.17
6.73
7.29
7.04
8
- -
Return on Invested Capital (%)
- -
9.02
9.37
-11.48
-4.37
6.82
7.44
7.06
8.03
- -
Return on Capital (%)
- -
10.77
11.12
-2.11
-2.06
8.45
8.84
8.24
9.08
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
289
280
262
LT Borrowings
246
243
200
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,200
1,200
1,200
Market Capitalization
742
486
529

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
853
790
839
Cash, Cash Equivalents & STI
203
228
184
Accounts Receivable, Net
544
534
533
Inventories
10
7
7
Total Current Liabilities
668
560
547
Payables & Accruals
- -
- -
- -
ST Debt
289
280
262
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6.49%
9.27%
Free Cash Flow
- -
3,509.2%
505.55%
Net Income, GAAP
- -
-97.66%
20.16%
Sales/Revenue/Turnover
- -
5.91%
16.41%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,491
2024
- -
- -
1,314
2025
- -
- -
1,529

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.11
2024
- -
- -
0.11
2025
- -
- -
0.13

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
- -
2025
- -
- -
- -
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Business
China Gas Industry Investment Holdings Co. Ltd. is an investment holding company principally engaged in the production and supply of industrial gases in the People's Republic of China. The company offers pipeline industrial gases including oxygen, nitrogen and argon produced by air separation units, as well as liquefied industrial gases supplied primarily to offsite independent end-user customers; hydrogen and carbon dioxide in smaller amounts; liquefied natural gas products; and gas transmission services including coke oven gas pressurisation and transmission. It operates through three main segments comprising supply of industrial gas, liquefied natural gas and gas transmission service, and technical support and management services, with a primary focus on the iron and steel industry in the Jing-Jin-Ji region including Tangshan and Hebei Province; it also runs an automobile LNG filling station. Founded in 2004 and headquartered at No. 12 Yantai Road, Laoting Economic Development Zone, Tangshan, Hebei Province, the company generates the majority of its revenue from industrial gas supply and maintains long-standing exclusive supplier relationships with major steel producers such as HBIS Group. In November 2025, the company announced the renewal of continuing connected transactions with HBIS Group affiliates for gas products, related services and utilities procurement through 2028, incorporating an estimated 10% annual volume increase from 2027 to reflect rising demand and production capacity at its Tangshan High-strength Gas Plant. The company listed on the Hong Kong Stock Exchange in December 2020 and employs approximately 315 to 324 people with operations centered in China.