1. Hong Kong Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
The Hong Kong and China Gas Company Limited

The Hong Kong and China Gas Company Limited

HOKCF
The Hong Kong and China Gas Company LimitedUS flagOther OTC
0.90
USD
- -
- -
16.86BMarket 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
Revenue per Share
1.51
1.69
1.59
1.53
1.74
2.09
2.18
2.19
2.87
3.27
3.05
2.97
2.91
Basic EPS, GAAP
0.37
0.39
0.4
0.4
0.45
0.5
0.38
0.33
0.27
0.29
0.33
0.31
0.3
Free Cash Flow per Basic Share
0.09
0.1
0.1
0.12
0.13
0.14
0.15
0.14
0.11
0.07
0.13
0.14
0.29
Dividend per Share
0.17
0.19
0.2
0.22
0.25
0.27
0.3
0.32
0.34
0.35
0.35
0.35
0.35
Book Value per Share
0.25
0.42
2.78
2.94
0.29
3.37
3.45
0.29
3.4
3.33
0.29
3.27
3.24
Tangible Book Value per Share
2.74
3.02
3.02
3.07
3.45
3.46
3.63
3.81
3.94
3.61
3.47
3.34
3.5
Basic Weighted Avg Shares
18,671
18,669
18,663
18,661
18,660
18,660
18,660
18,660
18,660
18,660
18,660
18,660
18,660
Sales/Revenue/Turnover
28,246
31,615
29,591
28,557
32,476
39,073
40,628
40,927
53,564
60,953
56,971
55,473
54,326
Operating Margin (%)
23.58
22.84
22.88
24.21
22.23
20.87
16.81
19.43
13.61
13.72
14.28
14.74
14.97
Depreciation Expense
1,649
1,952
2,075
2,223
2,375
2,537
2,754
2,941
3,289
3,525
3,549
3,568
3,803
Net Income, GAAP
6,854
7,211
7,412
7,451
8,336
9,420
7,064
6,118
5,128
5,359
6,178
5,712
5,688
Effective Tax Rate (%)
17.59
17.94
17.43
16.01
15.77
15.46
22.01
19.19
25.71
22.72
21.83
20.37
21.97
Profit Margin (%)
24.26
22.81
25.05
26.09
25.67
24.11
17.39
14.95
9.57
8.79
10.84
10.3
10.47
Working Capital
2,427
3,952
452
1,623
-7,582
-5,539
-6,038
-9,650
-14,346
-14,812
-15,460
-11,727
-14,231
LT Debt
24,423
24,507
23,385
27,296
21,162
27,609
28,953
31,482
37,215
40,180
39,426
44,455
43,724
Total Equity
56,370
62,224
62,113
62,898
70,246
70,193
75,397
79,153
81,839
75,139
71,019
68,334
71,389
Return on Invested Capital (%)
6.37
6.43
5.82
5.98
5.89
6.37
4.77
5.38
4.14
4.7
4.78
5.07
4.87
Return on Capital (%)
15.93
15.86
10.81
8.12
11.42
11.85
6.34
7.07
5.35
4.35
6.66
6.32
4.69
Return on Common Equity (%)
156.48
115.56
24.82
13.96
27.61
27.55
11.1
17.51
14.9
8.55
18.3
17.18
9.37

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.57%
-1.92%
4.47%
Free Cash Flow
18.11%
29.51%
112.64%
Net Income, GAAP
-1.74%
-0.87%
-0.41%
Sales/Revenue/Turnover
6.87%
6.69%
-2.07%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
56,971
2024
- -
- -
- -
- -
55,473
2025
- -
- -
- -
- -
54,326

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.33
2024
- -
- -
- -
- -
0.31
2025
- -
- -
- -
- -
0.3

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.35
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
0.35

Company Description

APIChat
CEO
Ka-Shing Lee
Full Time Employees
56,401
Sector
Utilities
Industry
Regulated Gas
Address
363 Java Road North Point Hong Kong
IPO Date
Sep 30, 2009
Website
towngas.com
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Business
The Hong Kong and China Gas Company Limited The Hong Kong and China Gas Company Limited (Towngas) produces, distributes, and markets town gas, natural gas, water supply, and energy-related services primarily in Hong Kong and mainland China. The company offers core products and services including piped city gas and town gas distribution to over 85% of Hong Kong households as well as commercial and industrial customers; renewable energy solutions such as solar photovoltaic projects with 3.3 GW secured capacity, hydrogen energy, biogas from organic waste, green methanol for marine transport, and sustainable aviation fuels; water supply and wastewater treatment; urban waste utilization; piped gas supply chain management; telecommunications and ICT services encompassing network connectivity and data centers; building services engineering including piping installation, kitchen design solutions, residential kitchen appliances, gas water heaters, and clubhouse equipment; engineering procurement and construction for utilities and infrastructure; gas meters and metering systems manufacturing; and extended business operations via subsidiary Towngas Lifestyle featuring smart kitchen solutions, home safety insurance, and trade-in policies. Operations span Hong Kong, over 120 cities across 29 provincial regions in mainland China including Guangdong, Sichuan, Hubei, Jiangxi, and Foshan, and emerging international projects such as a sustainable aviation fuel plant in Malaysia and green methanol facilities. Founded in 1862 and headquartered at 363 Java Road, North Point, Hong Kong, the company operates through segments including gas and water business, new energy, property development and investment (with stakes in International Finance Centre and Grand Promenade), and others; it serves residential, commercial, industrial, and public sector customers while advancing carbon neutrality goals. Recent developments encompass strategic funding for Towngas Lifestyle led by Oriza FOFs and FountainVest in 2025 to accelerate mainland expansion, AI/IoT enhancements, and lifestyle platform growth; integration of Hong Kong and mainland extended business operations with new collaborations on kitchen appliances and insurance; establishment of VENEX joint venture with Foran Energy for a 200,000-tonne annual green methanol plant in Foshan slated for 2027 production; a strategic cooperation agreement with China Resources Gas in November 2025 to form a Low-Carbon Smart Gas Joint Innovation Centre; signing of a deepening new energy projects agreement with Weiyuan County Government in Sichuan for shale gas-based hydrogen, helium extraction, and distributed energy; commencement of the Weiyuan contingency peak-shaving storage base in May 2025 enabling cross-regional sales; photovoltaic capacity growth to 2.1 GW connected by mid-2025; and coordinated gas volumes reaching 1.9 billion cubic metres in early 2025 through partnerships with major oil companies, PipeChina, and regional energy firms.