China Gas Holdings Limited (HK:0384)
:0384
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China Gas Holdings
(0384)
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Rating:63Neutral
Price Target:
HK$8.50
â–²(10.97% Upside)
Action:Reiterated
Date:10/10/25
The overall score reflects a significant conflict between weak fundamentals and attractive valuation/technical metrics. The primary risk stems from poor financial performance, characterized by declining revenue, severely compressed profit margins, and high debt. These fundamental weaknesses are counterbalanced by an attractive valuation, including a low P/E ratio and a very high dividend yield, and positive technical trends with the stock trading above key moving averages.
Positive Factors
Stable Profitability
Stable profitability indicates effective cost management and operational efficiency, which are crucial for long-term financial health and competitiveness.
Negative Factors
Declining Revenue Trend
A declining revenue trend can hinder growth prospects and affect market competitiveness, necessitating strategic initiatives to reverse the trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Profitability
Stable profitability indicates effective cost management and operational efficiency, which are crucial for long-term financial health and competitiveness.
Read all positive factors
China Gas Holdings (0384) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$32.04B
Dividend Yield6.44%
Average Volume (3M)7.29M
Price to Earnings (P/E)10.8
Beta (1Y)0.72
Revenue Growth-2.28%
EPS Growth-9.61%
CountryHK
Employees70,000
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.61
Shares Outstanding5,448,153,000
10 Day Avg. Volume7,076,775
30 Day Avg. Volume7,293,963
Financial Highlights & Ratios
PEG Ratio6.97
Price to Book (P/B)0.71
Price to Sales (P/S)0.48
P/FCF Ratio21.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$7.63Price Target Upside-0.46% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.59
Revenue Forecast (FY)HK$78.55B
China Gas Holdings Business Overview & Revenue Model
Company Description
China Gas Holdings Limited operates as a leading gas utility and service provider across the People's Republic of China. The company's core activities involve the investment, construction, operation, and maintenance of comprehensive urban and regi...
How the Company Makes Money
China Gas Holdings generates revenue primarily through the sale of natural gas to its customers, including residential, commercial, and industrial sectors. The company earns money by charging customers for the volume of gas consumed, which is meas...
China Gas Holdings Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
65
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 79.26B | 81.41B | 91.99B | 88.23B | 69.98B |
| Gross Profit | 11.26B | 11.30B | 12.03B | 15.74B | 18.10B |
| EBITDA | 10.00B | 9.64B | 10.71B | 12.39B | 14.89B |
| Net Income | 3.25B | 3.18B | 4.29B | 7.66B | 10.48B |
Balance Sheet | |||||
| Total Assets | 148.22B | 148.70B | 157.29B | 163.15B | 140.72B |
| Cash, Cash Equivalents and Short-Term Investments | 8.89B | 8.12B | 10.72B | 10.29B | 9.26B |
| Total Debt | 60.42B | 59.24B | 61.39B | 57.70B | 50.70B |
| Total Liabilities | 87.49B | 87.95B | 92.50B | 91.08B | 80.86B |
| Stockholders Equity | 53.86B | 53.93B | 57.90B | 63.58B | 51.94B |
Cash Flow | |||||
| Free Cash Flow | 1.77B | 5.28B | 2.30B | -673.72M | -1.12B |
| Operating Cash Flow | 6.44B | 11.34B | 8.26B | 8.34B | 7.23B |
| Investing Cash Flow | -1.78B | -7.05B | -10.08B | -15.86B | -8.89B |
| Financing Cash Flow | -3.81B | -5.86B | 2.95B | 8.78B | 2.57B |
China Gas Holdings Technical Analysis
Negative
7.66
Price Trends
7.14
Negative
7.47
Negative
7.67
Negative
Market Momentum
-0.29
Positive
21.16
Positive
7.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0384, the sentiment is Negative. The current price of 7.66 is above the 20-day moving average (MA) of 6.80, above the 50-day MA of 7.14, and below the 200-day MA of 7.67, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 21.16 is Positive, neither overbought nor oversold. The STOCH value of 7.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0384.
China Gas Holdings Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$32.04B | 10.83 | 5.14% | 6.44% | -2.28% | -9.61% | |
62 Neutral | HK$34.98B | 9.80 | 8.10% | 4.43% | -4.81% | -13.88% | |
62 Neutral | HK$48.51B | 6.84 | 12.72% | 4.30% | 1.89% | -0.52% | |
61 Neutral | HK$11.46B | 6.80 | 6.35% | 6.38% | -1.89% | -5.33% | |
59 Neutral | HK$125.39B | 21.68 | 9.73% | 4.94% | -2.07% | -0.42% | |
54 Neutral | HK$14.01B | 47.77 | 3.04% | 1.17% | -3.75% | 77.10% |
* Utilities Sector Average
HK:0384
China Gas Holdings
5.74
-1.26
-18.06%
HK:1193
China Resources Gas Group
15.19
-4.44
-22.60%
HK:0003
Hong Kong & China Gas Co
6.72
0.36
5.74%
HK:1083
Towngas China Co
3.06
-0.57
-15.80%
HK:2688
ENN Energy Holdings
41.98
-18.22
-30.26%
HK:1635
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
2.35
0.21
9.81%
China Gas Holdings Corporate Events
China Gas Holdings Announces LNG Purchase Agreement with Beijing Gas Singapore
Dec 16, 2025
China Gas Holdings Limited has announced a connected transaction involving the sale and purchase of LNG with Beijing Gas Singapore. Under the agreement, China Gas International will purchase 3,400,000 MMBtu of LNG from Beijing Gas Singapore for a ...
China Gas Holdings Expands Energy Storage Business and Enters Strategic Partnership with EVE Energy
Dec 2, 2025
China Gas Holdings Limited has announced significant business developments, driven by favorable national policies that have increased demand for Energy Storage Solutions (ESS) among industrial and commercial users. The company has leveraged these ...
China Gas Holdings Reports Decline in Interim Profits for 2025
Nov 28, 2025
China Gas Holdings Limited reported its interim financial results for the six months ending September 30, 2025, showing a slight decrease in revenue from HK$35.1 billion in 2024 to HK$34.5 billion in 2025. Despite the drop in revenue, the company ...
China Gas Holdings Announces Board Meeting for Interim Results and Dividend Consideration
Nov 12, 2025
China Gas Holdings Limited has announced a board meeting scheduled for November 28, 2025, to approve the unaudited interim results for the six months ending September 30, 2025, and to consider the recommendation of an interim dividend. This meetin...
China Gas Holdings Announces Key Executive Changes
Nov 10, 2025
China Gas Holdings Limited has announced a change in its executive team, with Ms. Chan Wing Ki resigning from her roles as Group General Counsel, Company Secretary, and other key positions effective November 10, 2025. Ms. Chan Pui Ling, with exten...
China Gas Holdings Reports Strong Interim Financial Results for Zhongran Investment
Oct 31, 2025
China Gas Holdings Limited announced the unaudited financial results of its wholly-owned subsidiary, Zhongran Investment Limited, for the nine months ending September 30, 2025. Zhongran Investment reported total assets of RMB64.1 billion and a net...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.