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Shaanxi Provincial Natural Gas Co., Ltd. Class A

Shaanxi Provincial Natural Gas Co., Ltd. Class A

SSZSE:002267
6.90
CNY
-0.03
(-0.43%)
0.53EPS
12.89P/E
7.27BMarket Cap
Oct 27Next Earn
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
3.99
4.79
6.1
6.46
6.86
8.09
8.77
7.37
6.8
7.66
7.03
8.12
7.73
7.54
Basic EPS, GAAP
0.33
0.46
0.53
0.44
0.35
0.36
0.41
0.32
0.38
0.55
0.49
0.65
0.53
0.51
Free Cash Flow per Basic Share
-0.52
0.38
0.84
0.14
0.44
-0.12
1.14
0.42
0.24
0.56
0.08
0.44
0.51
- -
Dividend per Share
0.42
0.37
0.34
0.33
0.28
0.42
0.24
0.27
0.27
0.68
0.4
0.49
0.45
0.67
Book Value per Share
3.09
4.05
4.46
4.77
5
5.04
5.51
5.53
5.72
5.68
6.87
5.78
5.95
6.16
Tangible Book Value per Share
2.9
3.74
4.14
4.43
4.64
4.65
4.88
4.86
5.02
4.97
6.15
5.03
5.18
5.4
Basic Weighted Avg Shares
1,017
1,112
1,112
1,112
1,112
1,112
1,112
1,112
1,112
1,112
1,112
1,112
1,112
1,112
Sales/Revenue/Turnover
4,058
5,322
6,788
7,187
7,633
8,993
9,749
8,196
7,563
8,515
7,813
9,033
8,595
8,387
Operating Margin (%)
14.48
15.2
12.76
10.04
8.18
8.64
6.98
6.91
7.46
9.69
9.23
10.78
9.44
9.25
Depreciation Expense
363
405
497
516
563
571
420
426
480
515
634
682
696
- -
Net Income, GAAP
338
512
584
489
387
399
456
357
421
616
544
724
584
564
Effective Tax Rate (%)
15.52
15.28
16.08
17.16
16.09
14.17
17.17
19.26
14.34
16.72
13.64
15.59
15.52
14.34
Profit Margin (%)
8.32
9.63
8.61
6.81
5.07
4.44
4.68
4.35
5.57
7.23
6.97
8.01
6.79
6.73
Working Capital
-983
-1,013
-744
-1,589
-1,931
-2,980
-3,057
-2,944
-2,254
-3,371
-3,423
-3,641
-3,210
-2,473
LT Debt
3,051
2,149
1,931
1,396
1,187
472
248
1,197
1,889
915
1,052
2,364
2,709
3,246
Total Equity
3,220
4,602
5,106
5,452
5,720
5,778
6,373
6,403
6,637
6,603
7,938
6,729
6,873
7,127
Return on Invested Capital (%)
4.71
6.49
7
5.87
4.7
4.86
5.48
4.19
4.62
6.89
5.89
7.06
5.83
5.2
Return on Capital (%)
7.41
8.82
9.15
7.5
5.86
6.06
6.45
4.85
5.19
7.29
6.15
7.23
5.96
5.51
Return on Common Equity (%)
11.01
13.39
12.34
9.53
7.13
7.15
7.77
5.81
6.73
9.71
7.8
10.29
8.95
8.19

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,248
1,316
1,492
LT Borrowings
2,702
2,758
3,241
LT Finance Leases
7
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,112
1,112
1,112
Market Capitalization
8,374
8,696
7,273

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,757
1,295
1,618
Cash, Cash Equivalents & STI
959
694
943
Accounts Receivable, Net
99
109
111
Inventories
294
297
299
Total Current Liabilities
4,968
4,095
4,091
Payables & Accruals
- -
- -
- -
ST Debt
1,248
1,316
1,492
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.38%
2.06%
2.15%
Free Cash Flow
-64.4%
98.11%
15.88%
Net Income, GAAP
2.48%
13.27%
-19.34%
Sales/Revenue/Turnover
2.98%
1.48%
-4.85%
Total Cash Common Dividend
12.53%
24.47%
-7.89%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,407
1,402
1,393
2,924
9,033
2025
3,551
1,300
- -
2,638
8,595
2026
3,160
1,289
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.03
- -
0.18
0.65
2025
0.41
0.05
- -
0.1
0.53
2026
0.33
0.03
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
0.32
0.11
0.49
2025
0.01
0.39
- -
0.02
0.45
2026
0.02
0.24
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yang Zhang
Full Time Employees
2,597
Sector
Utilities
Industry
Gas distributors
Address
Xi'an Eco and Technological Dev. Zone Xi'an SA China 710016
IPO Date
Aug 14, 2008
Website
shaanxigas.com
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Business
Shaanxi Provincial Natural Gas Co., Ltd. (002267.SZ) principally engages in the planning, construction, operation, management and distribution of natural gas in Shaanxi Province, China; it operates long-distance pipelines including the Guanzhong ring line, Xianyang to Baoji line, Xi'an to Weinan line, Baoji to Hanzhong line and Hanzhong to Ankang line with a total mileage of approximately 4,569 kilometers; through subsidiaries, the company undertakes natural gas city gasification projects, vehicle filling stations, pipeline transportation services, gas engineering design, investment, installation, construction and comprehensive utilization including natural gas power generation. Founded in 1995 and headquartered in Xi'an's Economic and Technological Development Zone, the company functions as a subsidiary of Shaanxi Gas Group Co., Ltd. and primarily serves municipal gas companies, large direct users and downstream distribution in northern and central Shaanxi regions. In recent developments, Shaanxi Provincial Natural Gas completed the acquisition of Shaanxi Natural Gas' gas transmission branch in Yan'an City in December 2024 following regulatory approval; its indirect non-wholly owned subsidiary Xi'an Civigas entered the 2026-2028 Natural Gas Supply Agreement with Shaanxi Natural Gas on November 21, 2025 to ensure stable regional supply; additionally, the company implemented a provincial pipeline transportation price adjustment effective June 1, 2025 reducing rates by 3.86 fen per cubic meter amid related-party material procurement frameworks with Yanchang Materials Group.