Towngas China Co Ltd (HK:1083)
:1083
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Towngas China Co
(1083)
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Rating:55Neutral
Price Target:
HK$3.00
â–¼(-14.53% Downside)
Action:Reiterated
Date:04/24/26
The score is held back primarily by weak financial quality—especially persistent negative free cash flow and softer operating cash flow—alongside a generally weak technical trend (below longer-term moving averages, negative MACD). These risks are partly offset by supportive valuation metrics (low P/E and high dividend yield).
Positive Factors
Regulated city-gas franchise and essential-service demand
Towngas operates core city-gas networks supplying piped natural gas to residential, commercial and industrial customers under regulated frameworks. This essential-service, networked model creates stable, recurring demand and tariff-linked revenue, supporting predictable medium-term cash flows and low customer churn.
Negative Factors
Persistent negative free cash flow
Free cash flow has been negative across 2021–2025 and operating cash flow declined materially in 2025. Persistent negative FCF heightens reliance on external financing, constrains the ability to self-fund capex or acquisitions, and limits strategic flexibility for dividends or growth investments over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated city-gas franchise and essential-service demand
Towngas operates core city-gas networks supplying piped natural gas to residential, commercial and industrial customers under regulated frameworks. This essential-service, networked model creates stable, recurring demand and tariff-linked revenue, supporting predictable medium-term cash flows and low customer churn.
Read all positive factors
Towngas China Co (1083) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.87B
Dividend Yield6.38%
Average Volume (3M)2.27M
Price to Earnings (P/E)6.6
Beta (1Y)0.39
Revenue Growth-1.89%
EPS Growth-5.33%
CountryHK
Employees21,677
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.45
Shares Outstanding3,671,690,200
10 Day Avg. Volume1,755,300
30 Day Avg. Volume2,270,946
Financial Highlights & Ratios
PEG Ratio-2.02
Price to Book (P/B)0.53
Price to Sales (P/S)0.66
P/FCF Ratio-23.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.45
Revenue Forecast (FY)HK$21.36B
Towngas China Co Business Overview & Revenue Model
Company Description
Towngas Smart Energy Company Limited, an investment holding company, sells piped gas, renewable energy, and other types of energy in the People’s Republic of China. The company operates through Sales of Piped Gas Business; Gas Connection; Renewabl...
How the Company Makes Money
Towngas China makes money mainly through downstream city-gas operations and related energy services in mainland China. Its core revenue stream is the sale and distribution of natural gas delivered via pipelines to end users (residential households...
Towngas China Co Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.91B | 21.31B | 19.84B | 20.07B | 17.13B |
| Gross Profit | 2.24B | 5.47B | 4.72B | 2.32B | 2.72B |
| EBITDA | 2.71B | 2.91B | 2.73B | 2.53B | 2.73B |
| Net Income | 1.59B | 1.61B | 1.57B | 964.86M | 1.25B |
Balance Sheet | |||||
| Total Assets | 55.21B | 53.04B | 53.46B | 52.94B | 54.24B |
| Cash, Cash Equivalents and Short-Term Investments | 2.50B | 2.73B | 4.11B | 4.08B | 4.08B |
| Total Debt | 17.31B | 17.47B | 18.56B | 19.83B | 19.54B |
| Total Liabilities | 27.05B | 27.28B | 28.23B | 29.08B | 29.06B |
| Stockholders Equity | 25.72B | 23.45B | 22.85B | 21.50B | 22.90B |
Cash Flow | |||||
| Free Cash Flow | -574.94M | -1.49B | -3.42B | -1.57B | -177.88M |
| Operating Cash Flow | 1.80B | 2.35B | 1.30B | 1.80B | 2.61B |
| Investing Cash Flow | -655.97M | -2.77B | 635.96M | -3.57B | -8.14B |
| Financing Cash Flow | -1.49B | -862.84M | -1.75B | 2.04B | 7.31B |
Towngas China Co Technical Analysis
Negative
3.51
Price Trends
3.30
Negative
3.41
Negative
3.54
Negative
Market Momentum
-0.08
Positive
19.44
Positive
11.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1083, the sentiment is Negative. The current price of 3.51 is above the 20-day moving average (MA) of 3.18, above the 50-day MA of 3.30, and below the 200-day MA of 3.54, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 19.44 is Positive, neither overbought nor oversold. The STOCH value of 11.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1083.
Towngas China Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$46.27B | 6.68 | 12.72% | 4.30% | 1.89% | -0.52% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$30.78B | 10.66 | 5.14% | 6.44% | -7.13% | -16.11% | |
58 Neutral | HK$33.55B | 9.54 | 8.10% | 4.43% | -4.81% | -13.88% | |
57 Neutral | HK$124.27B | 21.48 | 9.73% | 4.94% | -2.07% | -0.42% | |
55 Neutral | HK$10.87B | 6.58 | 6.35% | 6.38% | -1.89% | -5.33% | |
45 Neutral | HK$7.42B | 30.17 | 2.04% | 0.71% | -7.63% | 71.13% |
* Utilities Sector Average
HK:1083
Towngas China Co
2.96
-0.77
-20.62%
HK:0384
China Gas Holdings
5.65
-1.23
-17.91%
HK:1193
China Resources Gas Group
14.79
-4.27
-22.38%
HK:0003
Hong Kong & China Gas Co
6.66
0.39
6.22%
HK:2688
ENN Energy Holdings
40.98
-18.46
-31.06%
HK:3633
Zhongyu Gas Holdings Limited
2.70
-1.38
-33.82%
Towngas China Co Corporate Events
Towngas Smart Energy Sets Final 2025 Dividend and Offers Scrip Option
Jun 11, 2026
Towngas Smart Energy Company Limited has declared a final ordinary dividend of HKD 0.14 per share for the financial year ended 31 December 2025, following shareholder approval on 27 May 2026. Shareholders will have a default option of receiving th...
Towngas Smart Energy Wins Strong Shareholder Backing at AGM
May 27, 2026
Towngas Smart Energy Company Limited reported that all resolutions put to shareholders at its annual general meeting on 27 May 2026 were approved by poll with strong majorities. Investors endorsed the adoption of the 2025 audited financial stateme...
Towngas Smart Energy Brings Forward Maturity of 2026 Convertible Bonds
May 8, 2026
Towngas Smart Energy Company Limited has agreed with the holder of its RMB1.84 billion unsecured convertible bonds to bring forward the bonds’ maturity date from 18 November 2026 to 7 July 2026, with all other terms unchanged. None of the bo...
Towngas Smart Energy Sets 2026 AGM, Seeks Share Buyback Mandate
Apr 20, 2026
Towngas Smart Energy Company Limited has called its annual general meeting for 27 May 2026 at the Hong Kong Convention and Exhibition Centre, where shareholders will review the audited financial statements for the year ended 31 December 2025 and c...
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.