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    Process industries

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    Chemicals: specialty
Hubei Heyuan Gas Co., Ltd. Class A

Hubei Heyuan Gas Co., Ltd. Class A

SSZSE:002971
34.02
CNY
+0.07
(+0.21%)
0.34EPS
204.18P/E
13.06BMarket Cap
Apr 29Next Earn
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
2.33
2.82
3.64
4.02
4.24
4.08
4.74
6.42
7.9
7.33
8
8.43
Basic EPS, GAAP
0.15
0.28
0.28
0.48
0.54
0.43
0.43
0.36
0.4
0.35
0.29
0.3
Free Cash Flow per Basic Share
- -
-0.59
-0.08
0.14
0.03
-0.66
-1.4
-2.73
-2.08
-4.57
-1.81
- -
Dividend per Share
0.11
0.09
0.1
0.22
0.11
0.08
0.24
0.18
0.12
0.23
0.41
0.33
Book Value per Share
1.92
2.82
2.91
3.38
3.92
5.23
5.5
5.78
6.21
7.41
7.51
10.12
Tangible Book Value per Share
1.76
2.65
2.74
3.21
3.73
5.03
5.25
5.32
5.69
6.02
6.02
8.67
Basic Weighted Avg Shares
130
144
158
156
157
202
209
206
209
209
208
206
Sales/Revenue/Turnover
304
406
575
625
666
824
992
1,322
1,655
1,533
1,664
1,738
Operating Margin (%)
13.48
16.36
14.97
19.07
20.54
15.06
13.55
10.43
9.33
8.69
9.38
9.65
Depreciation Expense
- -
24
37
43
45
49
60
84
108
124
166
- -
Net Income, GAAP
20
41
45
75
85
87
90
74
84
73
60
63
Effective Tax Rate (%)
24.92
22.38
18.84
17.66
14.84
9.46
9.77
16.56
12.26
- -
11.22
14.95
Profit Margin (%)
6.6
10.1
7.82
12.06
12.7
10.57
9.1
5.63
5.06
4.77
3.63
3.6
Working Capital
-119
-77
-163
-162
-192
- -
-118
-304
-355
-877
-1,884
-1,804
LT Debt
29
58
52
50
67
42
39
129
306
236
307
442
Total Equity
299
440
453
528
612
1,088
1,144
1,206
1,301
1,736
1,763
2,491
Return on Invested Capital (%)
- -
6.96
6.67
9.88
9.35
6.83
5.01
3.89
3.87
- -
1.83
1.71
Return on Capital (%)
- -
9.46
9.04
12.2
12.31
8.56
7.05
5.35
5.54
- -
3.29
2.28
Return on Common Equity (%)
- -
11.09
10.07
15.36
14.83
10.25
8.09
6.35
6.71
5.12
3.82
3.38

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,960
2,029
2,027
LT Borrowings
297
304
434
LT Finance Leases
10
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
212
211
Market Capitalization
6,327
5,986
13,059

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
821
942
982
Cash, Cash Equivalents & STI
208
242
386
Accounts Receivable, Net
272
313
286
Inventories
65
70
86
Total Current Liabilities
2,705
2,846
2,785
Payables & Accruals
- -
- -
- -
ST Debt
1,960
2,029
2,027
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.36%
10.69%
1.57%
Free Cash Flow
- -
49.81%
-60.64%
Net Income, GAAP
16.56%
-6.31%
-17.55%
Sales/Revenue/Turnover
19.44%
16%
8.55%
Total Cash Common Dividend
37.99%
61.22%
74.4%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
357
415
420
341
1,533
2025
355
451
- -
432
1,664
2026
392
463
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.05
0.07
0.07
0.35
2025
0.12
0.12
- -
0.01
0.29
2026
0.09
0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.03
0.13
0.03
0.23
2025
0.15
0.15
- -
0.05
0.41
2026
0.06
0.07
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Tao Yang
Full Time Employees
1,892
Sector
Process industries
Industry
Chemicals: specialty
Address
Xinding Building Yichang HB China 443000
IPO Date
Jan 13, 2020
Website
hbhy-gas.com
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Business
Hubei Heyuan Gas Co.,Ltd. (002971.SZ) engages in the research, development, production, sales, and service of various gas products, as well as industrial exhaust gas recovery and recycling in China. The company offers a comprehensive portfolio of core products including medical oxygen, industrial oxygen, food-grade and industrial nitrogen, argon, hydrogen, helium, natural gas, carbon dioxide, acetylene, propane, and various mixed gas products; electronic specialty gases and chemicals such as nitrogen trifluoride, tungsten hexafluoride, hydrogen chloride, silicon tetrachloride, ethyl orthosilicate, silane coupling agents, electronic-grade silane, high-purity carbon monoxide, high-purity carbon dioxide, high-purity methane, high-purity ammonia, high-purity chlorine gas, hydrogen bromide, and boron trichloride; new silicon-based functional materials; clean energy solutions; and industrial-grade chemicals. These products serve basic industries such as chemicals, iron and steel, food, home appliances, and machinery, as well as emerging sectors including semiconductors, new energy, photovoltaics, electronics, and biomedicine, with operations spanning nationwide through 28 subsidiaries and a broad sales network. Founded in November 2003 and headquartered in Yichang City, Hubei Province, China, the company listed on the Shenzhen Stock Exchange main board in January 2020 and holds designations as a national high-tech enterprise and national specialized and innovative "little giant" enterprise. In recent developments, Hubei Heyuan Gas signed a 10-year on-site gas supply contract worth approximately 768 million yuan with Hubei Dingyi New Materials Co., Ltd. in October 2025, under which it will supply oxygen, nitrogen, and propane starting July 1, 2026.