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    Gas distributors
Foran Energy Group Co., Ltd. Class A

Foran Energy Group Co., Ltd. Class A

SSZSE:002911
10.94
CNY
-0.02
(-0.18%)
0.90EPS
11.23P/E
12.32BMarket Cap
Mar 22Next 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
3.22
3.5
3.71
3.39
3.86
4.14
5.23
6.21
11.03
14.66
19.35
22.58
23.48
24.57
Basic EPS, GAAP
0.24
0.28
0.33
0.3
0.31
0.29
0.33
0.38
0.48
0.51
0.64
0.61
0.72
0.84
Free Cash Flow per Basic Share
0.18
0.23
0.4
0.3
0.33
0.24
0.21
-0.06
-0.72
0.21
0.59
0.74
0.94
- -
Dividend per Share
0.17
0.22
0.23
0.23
0.32
0.18
0.23
0.28
0.44
0.5
0.51
0.58
0.59
0.83
Book Value per Share
1.09
1.23
1.39
1.51
1.95
2.42
2.56
2.74
3.63
4.39
5.1
6.54
6.99
6.33
Tangible Book Value per Share
0.81
0.94
1.12
1.24
1.69
2.16
2.25
2.42
2.04
2.59
3.39
4.85
5.34
4.74
Basic Weighted Avg Shares
1,098
1,106
1,102
1,112
1,113
1,231
1,229
1,220
1,227
1,291
1,319
1,399
1,431
1,300
Sales/Revenue/Turnover
3,533
3,869
4,094
3,769
4,292
5,094
6,427
7,572
13,531
18,923
25,538
31,589
33,595
31,951
Operating Margin (%)
15
14.98
14.35
15.65
14.6
13.21
10.69
9.6
7.05
6.37
4.64
3.47
3.59
4.57
Depreciation Expense
120
142
155
167
171
181
193
220
289
412
454
497
496
- -
Net Income, GAAP
268
305
369
337
347
362
412
469
595
655
844
853
1,030
1,099
Effective Tax Rate (%)
26.17
23.72
23.43
23.91
24.47
25.76
25.33
21.64
24.26
27.88
31.45
21.54
17.5
15.66
Profit Margin (%)
7.6
7.89
9.02
8.95
8.09
7.11
6.4
6.2
4.4
3.46
3.31
2.7
3.07
3.44
Working Capital
-428
-506
-449
-499
-79
-51
-155
-762
311
-1,356
-1,843
-425
227
-551
LT Debt
850
715
574
358
228
193
392
817
3,791
2,790
2,111
1,985
2,426
2,232
Total Equity
1,602
1,816
2,033
2,209
2,858
3,502
3,731
4,024
5,595
6,429
7,400
9,520
10,156
9,330
Return on Invested Capital (%)
15.91
12.88
14.01
13.7
12.46
10.97
11.5
11.41
8.37
7.04
8.32
7.86
8.66
9.22
Return on Capital (%)
9.99
8.72
10.28
8.58
7.72
7.26
8
8.28
9.14
7.86
8.02
6.89
7.26
7.72
Return on Common Equity (%)
29.41
23.89
25.53
21
17.1
13.49
13.44
14.41
15.2
13.25
14.11
11.35
11.73
13.27

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,108
1,567
859
LT Borrowings
2,377
2,128
2,186
LT Finance Leases
48
59
46
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,298
1,298
1,298
Market Capitalization
15,737
18,801
12,320

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,847
6,913
5,942
Cash, Cash Equivalents & STI
3,547
3,002
3,260
Accounts Receivable, Net
523
779
515
Inventories
972
1,184
667
Total Current Liabilities
6,620
7,544
6,493
Payables & Accruals
- -
- -
- -
ST Debt
1,108
1,567
859
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.94%
20.87%
6.68%
Free Cash Flow
99.74%
234.41%
30.24%
Net Income, GAAP
11.38%
17.51%
20.74%
Sales/Revenue/Turnover
25.22%
36.71%
6.35%
Total Cash Common Dividend
16.02%
21.57%
2.79%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,159
7,965
8,177
9,288
31,589
2025
6,551
8,787
- -
10,094
33,595
2026
5,754
7,317
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.17
0.14
0.31
0.61
2025
0.06
0.18
- -
0.42
0.72
2026
0.06
0.19
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.51
0.04
0.06
0.58
2025
0.31
0.24
- -
0.05
0.59
2026
0.26
0.28
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhong Xu
Full Time Employees
2,366
Sector
Utilities
Industry
Gas distributors
Address
No.18, Nanhai Avenue Middle Foshan GD China 528000
IPO Date
Nov 22, 2017
Website
fsgas.com
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Business
Foran Energy Group Co., Ltd. engages in the transportation and sale of natural gas within China. The company operates primarily in the energy sector, providing an extensive range of energy-related products and services including natural gas distribution, oil products, hydrogen energy, thermal energy, photovoltaics, energy storage solutions, and green methanol. Additionally, Foran Energy undertakes research, development, and manufacturing activities focused on fuel cells, hydrogen energy equipment, solid oxide fuel cells (SOFC), kiln thermal equipment, and related clean energy technologies. The company also offers pipeline inspection, information management, gas engineering, energy-saving, and emission reduction services. Foran holds franchise rights to operate 13 regional pipeline gas businesses across China. Founded in 1992 and headquartered in Foshan, Guangdong Province, Foran Energy Group was formerly known as Foshan Gas Group Co., Ltd. before changing its name in March 2020 to reflect its expanded focus on new energy sectors. As part of a strategic move to secure long-term LNG supply, Foran signed a significant 20-year liquefied natural gas (LNG) sale and purchase agreement with Cheniere Marketing in November 2023. This agreement entails the purchase of approximately 0.9 million tonnes per annum of LNG, supporting Foran's growth and diversifying its energy portfolio. The company also successfully raised 700 million yuan through a bond issuance in 2024, further bolstering its capital for business expansion and technological innovation. Foran Energy’s business segments include urban gas services, new energy funds, technology research, and equipment manufacturing, alongside supply chain and extended business operations. Its products cater to residential, commercial, industrial, power generation, and transportation markets. The company emphasizes development of integrated hydrogen production and hydrogenation equipment and actively promotes advanced in-pipeline testing technologies to enhance operational efficiency and environmental compliance within its energy supply chain. Overall, Foran Energy Group Co., Ltd. stands as a diversified energy company with strong expertise in natural gas distribution and a growing footprint in clean energy technologies, leveraging strategic partnerships and capital market activities to sustain its business growth and innovation in China’s evolving energy landscape. It employs approximately 2,493 staff and ranks as a significant player in Guangdong's regional energy sector.