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China Resources Gas Group Limited (HK:1193)
:1193
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China Resources Gas Group (1193) AI Stock Analysis

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HK:1193

China Resources Gas Group

(1193)

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Neutral 68 (OpenAI - 4o)
Rating:68Neutral
Price Target:
HK$22.00
▲(3.00% Upside)
The overall stock score of 68 reflects solid financial performance with strong revenue growth and a stable balance sheet, though profitability and cash flow volatility pose risks. Technical indicators suggest limited momentum, while valuation metrics are favorable with an attractive dividend yield.
Positive Factors
Strong Balance Sheet
A strong balance sheet with manageable leverage provides financial stability and flexibility to invest in growth opportunities and withstand economic fluctuations.
Market Position
Being a leading player in the natural gas sector in China positions the company well to capitalize on the country's transition to cleaner energy, supporting long-term growth.
Operational Efficiency
Stable EBIT and EBITDA margins indicate efficient operations, allowing the company to maintain profitability even in challenging market conditions.
Negative Factors
Profitability Pressure
Declining net profit margins suggest challenges in maintaining profitability, which could impact the company's ability to reinvest in growth and return value to shareholders.
Cash Flow Volatility
Volatile cash flows can strain liquidity and limit the company's ability to fund new projects or respond to market opportunities, posing a risk to long-term growth.
Revenue Decline
A decline in revenue growth indicates potential challenges in market demand or competitive pressures, which could hinder the company's expansion and market share gains.

China Resources Gas Group (1193) vs. iShares MSCI Hong Kong ETF (EWH)

China Resources Gas Group Business Overview & Revenue Model

Company DescriptionChina Resources Gas Group Limited (1193) is a leading integrated natural gas service provider in China, primarily engaged in the distribution of natural gas, and the operation of gas supply and related services. The company operates through segments that include the construction and operation of gas pipelines, the sale of natural gas to residential, industrial, and commercial customers, as well as the provision of value-added services related to energy efficiency and the development of renewable energy solutions.
How the Company Makes MoneyChina Resources Gas Group generates revenue primarily through the distribution of natural gas to residential, commercial, and industrial customers. The company earns income from the sale of natural gas, which is typically billed based on consumption. Additionally, it receives revenue from pipeline construction and maintenance services, as well as from connection fees when new customers are linked to the gas supply network. Key partnerships with local governments and municipalities facilitate expansion into new regions, while regulatory frameworks support the company's growth in the natural gas sector. The company also benefits from rising demand for cleaner energy solutions as China transitions to reduce carbon emissions, which enhances its revenue potential from new projects and services in renewable energy.

China Resources Gas Group Financial Statement Overview

Summary
China Resources Gas Group shows strong revenue growth and effective operational management, but faces profitability pressures and inconsistent cash flows. The balance sheet remains stable with moderate leverage.
Income Statement
78
Positive
The company exhibits solid revenue growth over the years, with a 9.2% increase from 2022 to 2023. The gross profit margin remains healthy, although there was a slight decline from 18.2% in 2023 to 17.8% in 2024. The net profit margin decreased from 5.2% to 4.0% year over year, indicating pressure on profitability. EBIT and EBITDA margins are stable, highlighting effective operational management.
Balance Sheet
72
Positive
The balance sheet is strong with a moderate debt-to-equity ratio of 0.57, reflecting a stable capital structure. The equity ratio is 31.1%, slightly lower compared to the previous year, suggesting a slight increase in leverage. Return on equity decreased from 12.8% in 2023 to 9.9% in 2024, indicating reduced efficiency in utilizing shareholder equity.
Cash Flow
50
Neutral
Cash flow metrics show volatility with a significant drop in free cash flow from 2023 to 2024. The operating cash flow to net income ratio is unavailable for 2024 due to missing data, but cash flows have generally shown inconsistencies, which poses a risk to liquidity and future investments.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue102.68B101.27B94.34B79.64B55.86B
Gross Profit18.26B18.45B17.97B19.10B14.96B
EBITDA10.17B13.24B12.02B13.14B10.64B
Net Income4.09B5.22B4.73B6.40B5.15B
Balance Sheet
Total Assets132.48B137.87B112.05B106.14B93.87B
Cash, Cash Equivalents and Short-Term Investments7.53B10.81B6.44B10.09B13.45B
Total Debt23.52B27.12B22.97B12.01B11.51B
Total Liabilities68.51B74.49B59.76B52.10B47.00B
Stockholders Equity41.17B40.77B39.33B41.26B36.27B
Cash Flow
Free Cash Flow2.80B4.51B-2.14B2.85B4.24B
Operating Cash Flow7.00B10.16B4.28B8.80B8.95B
Investing Cash Flow-2.23B-4.53B-15.13B-11.14B-7.20B
Financing Cash Flow-7.43B-1.96B7.62B-3.35B-2.10B

China Resources Gas Group Technical Analysis

Technical Analysis Sentiment
Positive
Last Price21.36
Price Trends
50DMA
20.14
Positive
100DMA
20.12
Positive
200DMA
21.83
Negative
Market Momentum
MACD
0.33
Negative
RSI
56.96
Neutral
STOCH
62.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1193, the sentiment is Positive. The current price of 21.36 is above the 20-day moving average (MA) of 20.64, above the 50-day MA of 20.14, and below the 200-day MA of 21.83, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 56.96 is Neutral, neither overbought nor oversold. The STOCH value of 62.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1193.

China Resources Gas Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$76.57B11.9713.36%4.43%-3.19%-2.68%
$48.54B15.387.17%4.68%-4.37%-41.14%
HK$43.53B13.236.04%6.26%-2.64%1.97%
$17.65B18.105.60%3.62%6.62%11.55%
$14.09B8.096.98%1.28%3.86%30.34%
HK$3.18B10.054.88%4.85%7.55%-32.06%
€10.55B72.612.04%0.64%-7.82%-38.06%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1193
China Resources Gas Group
21.36
-8.07
-27.43%
HK:0384
China Gas Holdings
7.99
1.70
27.07%
HK:1083
Towngas China Co
3.91
0.97
33.13%
HK:2688
ENN Energy Holdings
67.05
14.87
28.49%
HK:3633
Zhongyu Gas Holdings Limited
3.12
-1.31
-29.54%
HK:1600
Tian Lun Gas Holdings Limited
3.24
0.01
0.31%

China Resources Gas Group Corporate Events

China Resources Gas Group Appoints New Executive Director
Sep 15, 2025

China Resources Gas Group Limited has appointed Mr. Liu Haiyan as an executive director effective September 15, 2025. Mr. Liu brings extensive experience in corporate governance, human resources, and risk management from his previous roles at China Resources (Holdings) Company Limited and other firms. His appointment is expected to strengthen the company’s leadership team, although he will not receive a director’s fee and has no fixed term of service. This strategic move could enhance the company’s operational efficiency and governance.

The most recent analyst rating on (HK:1193) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.

China Resources Gas Group Announces Board Composition and Roles
Sep 15, 2025

China Resources Gas Group Limited has announced the composition of its board of directors, detailing the roles and committee memberships of each member. This announcement is significant as it outlines the leadership structure and governance framework of the company, which could influence its strategic direction and operational efficiency.

The most recent analyst rating on (HK:1193) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.

China Resources Gas Group Reports 2025 Interim Results
Aug 29, 2025

China Resources Gas Group Limited, a leading company in the sale and distribution of gas fuel and related services in the People’s Republic of China, has announced its interim financial results for the first half of 2025. The company operates in the natural gas sector, providing comprehensive services including gas connection, design, and construction services, as well as operating gas stations.

China Resources Gas Group Declares Interim Dividend for 2025
Aug 28, 2025

China Resources Gas Group Limited has announced an interim dividend of HKD 0.3 per share for the six months ending June 30, 2025. This announcement reflects the company’s stable financial performance and commitment to providing returns to its shareholders, with the payment date set for October 31, 2025.

The most recent analyst rating on (HK:1193) stock is a Hold with a HK$24.30 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.

CR Gas Reports Decline in Interim Financial Results Amid Customer Base Growth
Aug 28, 2025

China Resources Gas Group Limited reported a decline in its interim financial results for the six months ending June 30, 2025. The company experienced a 4.4% decrease in revenue and a 30.5% drop in profit attributable to owners, compared to the same period in 2024. Despite these declines, the company saw a 4.3% increase in its total connected customers, indicating continued expansion in its customer base. The results reflect challenges in the market but also highlight the company’s resilience in growing its customer network.

The most recent analyst rating on (HK:1193) stock is a Hold with a HK$24.30 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.

Chongqing Gas Reports Mixed Interim Financial Results for H1 2025
Aug 22, 2025

Chongqing Gas, a subsidiary of China Resources Gas Group, reported its unaudited interim financial results for the first half of 2025, showing a 5.10% increase in revenue but a significant decline in net profit by 28.90% compared to the previous year. The company also announced a proposed cash dividend distribution, while cautioning investors about the unaudited nature of the financials, which may be subject to adjustments.

The most recent analyst rating on (HK:1193) stock is a Hold with a HK$24.30 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.

China Resources Gas Group Schedules Board Meeting for Interim Results
Aug 1, 2025

China Resources Gas Group Limited has announced a board meeting scheduled for August 28, 2025, to discuss and approve the unaudited interim results for the first half of the year and consider the declaration of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns for stakeholders, reflecting its strategic positioning in the energy market.

The most recent analyst rating on (HK:1193) stock is a Buy with a HK$32.50 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.

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.Date of analysis: Oct 10, 2025