ZO Future Group

ZO Future Group

HHKEX:2309
1.99
HKD
+0.09
(+4.47%)
1.93BMarket Cap
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
23.36
17.33
9.46
7.85
0.88
0.57
0.39
0.33
0.22
0.29
0.28
0.35
- -
- -
Basic EPS, GAAP
-9.42
-10.77
-0.16
-2.72
-0.9
-1.17
-0.66
-0.37
-0.1
-0.05
-0.03
-0.23
- -
- -
Free Cash Flow per Basic Share
-12.44
-11.05
-2.53
-6.85
-1.02
-1.42
-0.69
-0.48
-0.53
-0.34
-0.36
-0.71
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-6.43
1.04
1.38
2.09
1.07
1.19
0.84
0.46
0.69
0.63
0.67
0.56
- -
0.45
Tangible Book Value per Share
-9.44
-1.41
0.05
-0.53
0.57
0.79
0.64
0.22
0.51
0.54
0.59
0.49
- -
0.12
Basic Weighted Avg Shares
13
15
27
22
197
364
544
708
738
772
772
782
825
800
Sales/Revenue/Turnover
294
253
254
169
173
208
210
232
165
221
217
275
- -
- -
Operating Margin (%)
-59.04
-78.07
-37.75
-89.68
-115.52
-210.65
-184.32
-151.05
-231.17
-59.73
-39.45
-138.06
- -
- -
Depreciation Expense
38
16
21
19
38
92
93
105
98
82
47
86
- -
- -
Net Income, GAAP
-119
-157
-4
-59
-178
-425
-361
-260
-74
-41
-26
-183
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-40.33
-62.17
-1.64
-34.59
-102.75
-204.33
-171.51
-112.51
-44.98
-18.4
-11.82
-66.41
- -
- -
Working Capital
-140
-240
-146
-21
18
-68
-187
-573
-267
-88
-361
80
- -
47
LT Debt
2
1
44
151
- -
100
85
27
202
349
99
591
- -
954
Total Equity
-81
22
46
66
296
566
576
300
305
223
201
206
- -
47
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-13.45
-107.66
-97.03
-96.16
-61.16
-56.4
-17.22
-7.95
-5.09
-37.37
- -
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
ST Debt
57
37
38
LT Borrowings
270
512
857
LT Finance Leases
83
79
97
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
772
815
815
Market Capitalization
1,713
2,519
1,932

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
Total Current Assets
221
352
404
Cash, Cash Equivalents & STI
80
145
167
Accounts Receivable, Net
28
14
18
Inventories
- -
16
19
Total Current Liabilities
183
271
357
Payables & Accruals
- -
- -
- -
ST Debt
57
37
38
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
275
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.23
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Dongfeng Huang
Full Time Employees
130
Sector
Consumer services
Industry
Movies/Entertainment
Address
Vertical Square Hong Kong Hong Kong
IPO Date
Nov 12, 2002
Business
ZO Future Group (2309.HK) operates as an investment holding company primarily engaged in the trading of natural gas and related products in Hong Kong and Mainland China. The company, through its subsidiaries, offers liquefied natural gas (LNG), compressed natural gas (CNG), piped natural gas, and natural gas vehicles; it also provides gas pipeline construction services, gas station operations, and energy management solutions. Headquartered in Hong Kong and founded in 1998, ZO Future Group serves industrial, commercial, and residential customers across the Guangdong-Hong Kong-Macao Greater Bay Area and other regions in southern China. In recent developments, the company rebranded from ZO Energy Group to ZO Future Group in 2024 to reflect its strategic shift toward sustainable energy solutions and expanded operations in green hydrogen and renewable gas technologies. ZO Future Group completed a significant funding round in late 2024, raising capital through share placements to support LNG import terminal expansions and new gas distribution partnerships in Mainland China. Additionally, it launched a new line of bio-natural gas products in early 2025 and formed a strategic alliance with a major state-owned energy firm for pipeline infrastructure projects in the Greater Bay Area.