Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
China Resources Gas Group ( (HK:1193) ) has issued an announcement.
China Resources Gas has reported the unaudited first-quarter 2026 financial results of its subsidiary Chongqing Gas, showing revenue of RMB 2.63 billion, down slightly from a year earlier. Chongqing Gas narrowed its net loss to RMB 33.1 million from RMB 47.3 million in the prior-year period, while total assets edged up to RMB 11.10 billion and cash and cash equivalents stood at RMB 721.3 million despite a continued net cash outflow.
The announcement underscores that these figures, prepared under PRC GAAP and not yet audited by China Resources Gas’s own auditors, reflect only Chongqing Gas and not the wider group’s performance. The company cautioned shareholders and potential investors against relying solely on this subsidiary’s quarterly data when assessing the group’s overall financial position or making investment decisions.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$19.50 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 Hong Kong‑listed gas distribution company with operations across mainland China. Through its 39.43%-owned subsidiary Chongqing Gas Group Corporation, it is involved in the supply and distribution of natural gas in Chongqing, serving residential, commercial and industrial customers in one of China’s major municipalities.
Average Trading Volume: 3,389,352
Technical Sentiment Signal: Sell
Current Market Cap: HK$42.55B
See more data about 1193 stock on TipRanks’ Stock Analysis page.