Binhai Investment Co., Ltd.
1.15
HKD
0.00
(0.00%)
ISIN
BMG1118Y1214
CUSIP
G1118Y121
Return %
Stock
S&P 500
1Y
6.48
14.20
3Y
-29.45
81.12
5Y
-30.72
68.34
Capital Structure
CNY
•
in mil. unless spec.Working Capital
CNY
•
in mil. unless spec.Growth Rates
CNY
•
in mil. unless spec.Semi-annual Revenue
CNY
•
in mil. unless spec.Semi-annual Earnings Per Share
CNY
•
in mil. unless spec.Semi-annual Dividends Per Share
CNY
•
in mil. unless spec.Company Description
- CEO
- Liang Gao
- Full Time Employees
- 1,786
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- Tower Two Hong Kong Hong Kong
- IPO Date
- Mar 16, 2000
- Website
- binhaiinv.com
- Similar Companies
- Business
- Binhai Investment Company Limited (2886.HK), an investment holding company listed on the Hong Kong Stock Exchange, principally engages in the natural gas business in the People's Republic of China, primarily through the sale of piped natural gas, gas pipeline construction and connection services, on-site gas sales, and bottled gas sales. The company operates via four main segments: the Sale of Piped Natural Gas segment sells pipeline natural gas to industrial, commercial, and residential users through its extensive pipeline networks; the Connection Services segment provides construction of gas pipelines and installation of appliances to connect customers under service contracts; the On-site Gas Sales segment wholesales liquefied petroleum gas to individual agents from suppliers' depots; and the Bottled Gas Sales segment distributes bottled natural gas products. Its operations focus on the Tianjin Binhai New Area and surrounding regions in mainland China, serving commercial and industrial users as well as urban residents with clean energy solutions aligned to national policies; the company employs approximately 1,746 people and generates nearly all revenue from PRC activities. Founded in 1994 and headquartered at Suites 3205-07, 32/F, Tower Two, 1 Matheson Street, Causeway Bay, Hong Kong (with Bermuda as its country of incorporation), Binhai Investment maintains key shareholder relationships, including controlling shareholder Tianjin TEDA Investment Holding Company Limited (approximately 40.32% stake via subsidiaries) and second-largest shareholder Sinopec Great Wall Gas Investment Co., Ltd. (29.97% stake through Great Wall Energy Investment (Hong Kong) Limited). Geographically, the company concentrates on infrastructure development for gas distribution in northern China, supporting integrated energy initiatives. Recent developments include ongoing share repurchase programs, such as the buyback of 226,000 shares and another 28,000 shares for treasury holding to enhance shareholder value, alongside a unit securing a 150 million yuan credit facility from Sinopec Finance in August 2024 to bolster liquidity. In 2020-2021, the company implemented a 10-year Share Option Scheme with initial grants to directors, senior management, core technical talents, and key cadre as a long-term incentive mechanism, while restructuring its board following Sinopec's investment, appointing figures like Wang Zhiyong as Chairman and Zuo Zhi Min from Sinopec Great Wall Gas. These changes, coupled with sustained gross profit growth (e.g., 15% year-on-year increase to HK$603 million in 2020 amid lower procurement costs), reflect strategic enhancements in governance, talent retention, and financial positioning within the competitive natural gas utilities sector.