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An update from China Resources Gas Group ( (HK:1193) ) is now available.
China Resources Gas Group has completed the acquisition of equity interests in CR Energy Service after all conditions precedent were satisfied and a transition audit confirmed no impairment of the target’s accumulated owners’ equity. The deal leaves the agreed consideration unchanged and converts CR Energy Service into an indirect wholly owned subsidiary, strengthening the group’s control over downstream energy services operations.
Following completion, the company disclosed that CR Energy Service reported audited profit before tax of about RMB8.28 million and profit after tax of about RMB7.84 million for 2025, with net assets of roughly RMB84.15 million. The transaction consolidates a profitable and asset-backed business into China Resources Gas’s portfolio, potentially enhancing its earnings base and operational scale in the energy service segment, which may benefit shareholders through improved integration and efficiency.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$18.50 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.
More about China Resources Gas Group
China Resources Gas Group Limited is a Bermuda-incorporated company listed in Hong Kong that operates in the natural gas and energy services sector. The group focuses on downstream gas distribution and related energy services in mainland China, expanding its portfolio through acquisitions of affiliated energy service platforms within the broader China Resources network.
Average Trading Volume: 3,056,961
Technical Sentiment Signal: Sell
Current Market Cap: HK$43.16B
Find detailed analytics on 1193 stock on TipRanks’ Stock Analysis page.