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Towngas China Co
(OTC:1083)
Towngas China Co (1083) vs. iShares MSCI Hong Kong ETF (EWH)
Towngas China Co Business Overview & Revenue Model
Towngas China Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 21.31B | 19.84B | 20.07B | 17.13B | 12.83B | Gross Profit |
| 5.47B | 4.72B | 2.32B | 2.72B | 2.32B | EBIT |
| 4.05B | 3.41B | 1.61B | 2.11B | 1.82B | EBITDA |
| 2.91B | 2.73B | 2.53B | 3.60B | 2.69B | Net Income Common Stockholders |
| 1.61B | 1.57B | 964.86M | 1.25B | 1.45B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.73B | 4.11B | 4.08B | 4.08B | 2.34B | Total Assets |
| 53.04B | 53.46B | 52.94B | 54.24B | 42.89B | Total Debt |
| 17.47B | 18.56B | 19.83B | 19.54B | 11.58B | Net Debt |
| 14.77B | 14.48B | 15.83B | 15.47B | 9.36B | Total Liabilities |
| 27.28B | 28.23B | 29.08B | 29.06B | 20.24B | Stockholders Equity |
| 23.45B | 22.85B | 21.50B | 22.90B | 20.72B |
| Cash Flow | Free Cash Flow | |||
| -1.49B | -3.42B | -1.57B | -177.88M | 343.03M | Operating Cash Flow |
| 0.00 | 1.30B | 1.80B | 2.61B | 2.71B | Investing Cash Flow |
| -2.77B | 635.96M | -3.57B | -8.14B | -2.95B | Financing Cash Flow |
| -862.84M | -1.75B | 1.98B | 7.31B | 425.26M |
Towngas China Co Technical Analysis
Towngas China Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $72.11B | 11.02 | 13.65% | 4.69% | -5.28% | -13.15% | |
70 Neutral | HK$12.98B | 7.93 | 6.93% | 4.50% | 7.42% | -2.02% | |
64 Neutral | $8.52B | 10.39 | 4.24% | 4.38% | 4.14% | -13.04% | |
60 Neutral | HK$2.75B | 8.31 | 5.13% | 5.83% | -1.30% | -38.13% | |
59 Neutral | HK$48.88B | 11.96 | 9.94% | 4.34% | 1.39% | -21.74% | |
51 Neutral | HK$886.71M | 10.81 | 6.29% | ― | -21.48% | -7.50% |
Towngas China Co Corporate Events
Towngas Smart Energy Company Limited has announced its upcoming annual general meeting scheduled for May 29, 2025, at the Hong Kong Convention and Exhibition Centre. Key agenda items include the adoption of financial statements, re-election of directors, and authorization for the board to fix director and auditor remuneration. Additionally, resolutions will be considered to authorize the directors to buy back shares and to issue additional shares, reflecting the company’s strategic financial management and shareholder engagement.
Towngas Smart Energy Company Limited announced the grant of 11,600,000 share options to various directors and senior management staff. This initiative aims to incentivize and reward key personnel for their contributions to the company, aligning with the company’s strategy to retain talent and motivate employees. The share options, which have a vesting period of one year and an exercise period of two years, are priced at HK$3.57 per share. The grant does not include performance targets or clawback mechanisms, but it is considered a strategic move to enhance the company’s operational efficiency and stakeholder value.
Towngas Smart Energy Company Limited has established an Environmental, Social, and Governance (ESG) Committee to oversee its management in ESG matters, focusing on sustainable growth and corporate responsibility. The Committee will guide the company’s strategies and policies on ESG issues, review performance, and provide updates to the Board, highlighting the importance of ESG factors for investors and stakeholders.
Towngas Smart Energy Company Limited announced a special dividend of HKD 0.03 per share for the financial year ending December 31, 2024. This decision reflects the company’s commitment to delivering shareholder value and may enhance its attractiveness to investors. The dividend will be paid in cash by default, with an option for shareholders to receive scrip shares, indicating a flexible approach to dividend distribution.
Towngas Smart Energy Company Limited has outlined the terms of reference for its Nomination Committee, which is tasked with overseeing the appointment and re-appointment of directors. The committee, composed mainly of independent non-executive directors, will ensure compliance with the Listing Rules of the Hong Kong Stock Exchange, focusing on maintaining a diverse and skilled board. This move aims to enhance corporate governance and align the board’s composition with the company’s strategic goals, potentially impacting its market positioning and stakeholder confidence.
Towngas China Co reported a 35% increase in core operating profit to over HK$1.6 billion for 2024, driven by strong performance in renewable energy and steady growth in its gas business. The company achieved a 7.4% revenue growth to HK$21,314 million, with significant contributions from its renewable energy segment, which saw a five-fold increase in net profit. The company also issued an asset-backed securities program to reduce financing costs and plans to invest further in renewable projects. A proposed dividend of 19 HK cents per share reflects the company’s recognition of shareholder support.
Towngas Smart Energy Company Limited announced a final dividend of HKD 0.16 per share for the financial year ending December 31, 2024, with a cash dividend as the default option. Shareholders have the option to elect for scrip shares, with further details on conversion rates and dealing dates to be announced. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.
Towngas Smart Energy Company Limited has announced a board meeting scheduled for March 14, 2025, to approve the audited consolidated annual results for the year ending December 31, 2024. The meeting will also consider the payment of a final dividend, reflecting the company’s ongoing commitment to shareholder returns and financial transparency.