Top Page
China Resources Gas Group
(1193)
China Resources Gas Group (1193) vs. iShares MSCI Hong Kong ETF (EWH)
China Resources Gas Group Business Overview & Revenue Model
China Resources Gas Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.39B | 102.68B | 101.27B | 94.34B | 79.64B | 55.86B |
| Gross Profit | 17.11B | 18.26B | 18.45B | 17.97B | 19.10B | 14.96B |
| EBITDA | 8.81B | 10.17B | 13.24B | 12.02B | 13.14B | 10.64B |
| Net Income | 3.03B | 4.09B | 5.22B | 4.73B | 6.40B | 5.15B |
Balance Sheet | ||||||
| Total Assets | 138.49B | 132.48B | 137.87B | 112.05B | 106.14B | 93.87B |
| Cash, Cash Equivalents and Short-Term Investments | 11.24B | 7.53B | 10.81B | 6.44B | 10.09B | 13.45B |
| Total Debt | 26.71B | 23.52B | 27.12B | 22.97B | 12.01B | 11.51B |
| Total Liabilities | 71.28B | 68.51B | 74.49B | 59.76B | 52.10B | 47.00B |
| Stockholders Equity | 43.39B | 41.17B | 40.77B | 39.33B | 41.26B | 36.27B |
Cash Flow | ||||||
| Free Cash Flow | 1.50B | 2.80B | 4.51B | -2.14B | 2.85B | 4.24B |
| Operating Cash Flow | 5.89B | 7.00B | 10.16B | 4.28B | 8.80B | 8.95B |
| Investing Cash Flow | -1.38B | -2.23B | -4.53B | -15.13B | -11.14B | -7.20B |
| Financing Cash Flow | -5.71B | -7.43B | -1.96B | 7.62B | -3.35B | -2.10B |
China Resources Gas Group Technical Analysis
China Resources Gas Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$77.12B | 12.05 | 13.36% | 4.30% | -3.19% | -2.68% | |
75 Outperform | HK$49.40B | 16.34 | 7.17% | 4.43% | -4.37% | -41.14% | |
66 Neutral | $41.73B | 14.71 | 4.98% | 6.44% | -2.28% | -9.61% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $13.40B | 7.82 | 6.98% | 6.38% | 3.86% | 30.34% | |
59 Neutral | HK$2.96B | 9.34 | 4.88% | 4.94% | 7.55% | -32.06% | |
48 Neutral | HK$7.59B | 49.73 | 2.04% | 0.71% | -7.82% | -38.06% |
China Resources Gas Group Corporate Events
China Resources Gas Group has announced that its wholly owned subsidiary, China Resources Gas Investment (China) Company Limited, has received regulatory acceptance in the mainland Chinese interbank bond market to register and issue up to RMB8 billion of medium-term notes over the next two years. The planned note issuances, if they proceed, are intended to be executed in tranches and will be used primarily to repay interest-bearing debt at the subsidiary or its units, potentially improving the group’s debt profile and funding flexibility, though the company cautions that the issuance may or may not take place and will be subject to further announcements.
The most recent analyst rating on (HK:1193) stock is a Buy with a HK$27.00 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 has renewed a framework agreement under which its indirect wholly owned subsidiary, CR Gas Chenzhou, will continue to invest in, construct and operate an energy station and supply cooling, heating, steam and part of the electricity needs of CR Sanjiu Chenzhou’s Southern China production manufacturing centre from 1 January 2026 to 31 December 2028. Because CR Sanjiu Chenzhou is a connected person through the groups’ shared controlling shareholder, the transactions are classified as continuing connected transactions, but the very small deal size keeps all applicable percentage ratios below 0.1%, meaning the arrangement is fully exempt from reporting, announcement, annual review and independent shareholders’ approval requirements under Hong Kong’s Listing Rules; the company nonetheless disclosed the renewal to maintain continuity with previous communications and align with parallel announcements by related group companies.
The most recent analyst rating on (HK:1193) stock is a Buy with a HK$27.00 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 has entered into a new series of framework loan agreements, known as the Framework Loan Agreements 2026, to replace similar arrangements that will expire at the end of 2025. The new agreements, effective from 1 January 2026 to 31 December 2028, renew annual lending caps in line with the group’s operational scale and cash levels, and govern offshore lending by China Resources Gas and its non-PRC subsidiaries to CRH, other China Resources Group listed companies, and their non-PRC subsidiaries, with CRH and relevant listed companies providing guarantees and paying a market-based guarantee fee. Because CRI and CRH are controlling shareholders and thus connected persons, these continuing connected transactions fall under Hong Kong Listing Rules requirements for reporting, announcement and annual review, but remain exempt from independent shareholders’ approval, underscoring both the group’s ongoing intra-group financing needs and its intent to maintain regulatory compliance while managing liquidity within the China Resources network.
The most recent analyst rating on (HK:1193) stock is a Buy with a HK$27.00 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 Limited has announced a change in its key corporate governance roles, with company secretary and authorised representative Ms. Cheng Kwai Yuk resigning effective 19 December 2025. The board noted that Ms. Cheng has no disagreement with the directors and that there are no matters related to her departure requiring disclosure to shareholders or the exchange, while also expressing gratitude for her service. On the same date, the company appointed Mr. Au Kai Yin, an experienced corporate governance professional from SWCS Corporate Services Group (Hong Kong) Limited, as the new company secretary and authorised representative, signalling a continued emphasis on robust compliance and corporate governance standards for the Hong Kong–listed gas utility.
The most recent analyst rating on (HK:1193) stock is a Buy with a HK$27.00 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 has announced a proposed change of domicile from Bermuda to Hong Kong, aligning with the Companies (Amendment) (No. 2) Ordinance 2025. This move is intended to streamline operations under Hong Kong laws without affecting the company’s assets, management, or shareholder interests. The company also plans to adopt new Articles of Association in compliance with Hong Kong laws. The proposed changes are subject to shareholder approval and will not impact the company’s listing status or business continuity.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$20.00 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 Limited has appointed Mr. Zhang Shenwen as a non-executive director and a member of its audit and risk management committee, effective October 28, 2025. Mr. Zhang, who has extensive experience in corporate management and investment, has been with China Resources Group since 1994 and held various leadership roles. His appointment is expected to strengthen the company’s governance and strategic oversight.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$20.00 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 Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement reflects the company’s commitment to strong governance and strategic oversight, which is crucial for maintaining its position in the competitive energy market. The board includes a mix of executive, non-executive, and independent non-executive directors, ensuring a diverse range of expertise and perspectives to guide the company’s future operations.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$20.00 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, a subsidiary of China Resources Gas Group, reported its unaudited financial results for the nine months ending September 30, 2025. The company saw a slight increase in revenue to RMB 7.38 billion, but experienced a significant drop in net profit to RMB 162 million compared to the previous year. Additionally, there was a notable decrease in cash and cash equivalents, highlighting potential liquidity challenges. The financial results, prepared under PRC GAAP, have not been audited and may be subject to adjustments, indicating that stakeholders should interpret the data with caution.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.