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China Resources Gas Group (HK:1193)
:1193

China Resources Gas Group (1193) AI Stock Analysis

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HK

China Resources Gas Group

(OTC:1193)

59Neutral
China Resources Gas Group has a solid financial foundation with strong revenue growth and operational stability, though cash flow volatility and profitability pressures present challenges. The technical indicators suggest bearish momentum, presenting a potential risk. However, the stock's valuation is reasonable, and the high dividend yield is a significant attraction. Overall, the mixed financial performance and technical weakness result in a moderate score.
Positive Factors
Dividend Growth
Expect more than 10% growth in dividend per share in FY25 on a higher dividend payout ratio.
Market Position
China Resources Gas has a strong market position as one of the largest gas distributors in China with a market share of around 9.8%.
Strategic Partnerships
A new 15-year LNG contract with Australia’s Woodside and strategic cooperation with PipeChina ensures competitive gas supply.
Negative Factors
Economic Growth
Trimmed FY24/25F gas volume growth by 2-3 percentage points to reflect slow economic growth and warmer weather in FY24, lowering earnings forecast by 6-11%.
Financial Performance
FY24 net profit decreased by 22%, with core profit remaining flat, which was below expectations.
Valuation and Dividends
The stock has been downgraded to HOLD due to rich valuation and a cut in dividend per share.

China Resources Gas Group (1193) vs. S&P 500 (SPY)

China Resources Gas Group Business Overview & Revenue Model

Company DescriptionChina Resources Gas Group Limited (CR Gas) is a leading gas utility company in China, focusing on the distribution and sale of natural gas. The company is a subsidiary of China Resources Holdings and operates primarily in the energy sector, providing clean energy solutions to millions of residential, commercial, and industrial users across the country. The company's services include piped natural gas distribution, natural gas refueling stations, and sales of gas-related products and appliances.
How the Company Makes MoneyChina Resources Gas Group makes money primarily through the distribution and sale of natural gas. The company operates a vast network of pipelines and supply chains to deliver natural gas to residential, commercial, and industrial customers. Revenue streams include the sale of piped natural gas, which is billed based on consumption, and the operation of natural gas refueling stations for vehicles. Additionally, CR Gas generates income from the sale of gas appliances and related products, as well as installation and maintenance services. The company benefits from strategic partnerships with local governments and other energy providers, which helps in expanding its customer base and infrastructure. The regulatory environment and government policies promoting clean energy usage also play a significant role in supporting the company's revenue growth.

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
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
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
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.
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
101.27B94.34B79.64B55.86B56.98B
Gross Profit
18.45B17.97B19.10B14.96B14.15B
EBIT
6.97B7.92B9.62B7.14B6.68B
EBITDA
13.24B12.02B12.28B9.26B8.53B
Net Income Common Stockholders
5.22B4.73B6.40B5.15B5.04B
Balance SheetCash, Cash Equivalents and Short-Term Investments
10.81B6.44B10.09B13.45B13.51B
Total Assets
137.87B112.05B106.14B93.87B81.82B
Total Debt
27.12B23.28B12.40B11.76B14.03B
Net Debt
17.14B16.84B2.31B-1.70B517.54M
Total Liabilities
74.49B58.75B51.25B46.75B45.75B
Stockholders Equity
40.77B39.33B41.26B36.27B26.80B
Cash FlowFree Cash Flow
4.51B-2.14B2.85B4.24B4.60B
Operating Cash Flow
10.16B4.28B8.80B8.95B8.86B
Investing Cash Flow
-4.53B-15.23B-9.44B-7.79B-4.67B
Financing Cash Flow
-1.96B8.16B-2.99B-1.83B-1.23B

China Resources Gas Group Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price22.00
Price Trends
50DMA
24.73
Negative
100DMA
26.33
Negative
200DMA
27.65
Negative
Market Momentum
MACD
-0.80
Negative
RSI
41.73
Neutral
STOCH
52.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1193, the sentiment is Neutral. The current price of 22 is above the 20-day moving average (MA) of 21.56, below the 50-day MA of 24.73, and below the 200-day MA of 27.65, indicating a neutral trend. The MACD of -0.80 indicates Negative momentum. The RSI at 41.73 is Neutral, neither overbought nor oversold. The STOCH value of 52.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1193.

China Resources Gas Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$68.67B10.4913.65%4.76%-5.28%-13.15%
70
Neutral
$12.08B7.386.93%5.11%7.42%-2.02%
63
Neutral
$8.52B11.015.35%4.37%3.39%-11.87%
60
Neutral
HK$2.61B7.905.13%6.42%-1.30%-38.13%
59
Neutral
HK$49.90B12.219.94%5.76%1.39%-21.74%
56
Neutral
€12.03B82.981.91%-1.26%-40.09%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1193
China Resources Gas Group
22.00
-3.33
-13.14%
HK:1600
Tian Lun Gas Holdings Limited
2.64
-1.91
-41.98%
HK:3633
Zhongyu Gas Holdings Limited
4.30
-0.42
-8.90%
HK:2688
ENN Energy Holdings
62.15
-7.13
-10.29%
HK:1083
Towngas China Co
3.48
0.60
20.67%

China Resources Gas Group Corporate Events

China Resources Gas Group Announces Annual General Meeting and Key Resolutions
Apr 28, 2025

China Resources Gas Group Limited has announced its upcoming annual general meeting scheduled for May 28, 2025, in Hong Kong. Key agenda items include the consideration of the company’s financial statements, the declaration of a final dividend of 70 HK cents per share, and the re-election of several directors. Additionally, the company plans to re-appoint KPMG as its auditor and seeks approval for potential share allotments and issuances. These resolutions aim to strengthen the company’s governance and financial strategies, potentially impacting its market position and shareholder value.

Chongqing Gas Reports 2024 Financial Results Amid Profit Decline
Apr 24, 2025

Chongqing Gas Group Corporation Ltd., a subsidiary of China Resources Gas Group Limited, released its annual financial report for the year ending December 31, 2024. The report highlights a slight increase in total assets and net assets attributable to shareholders, while revenue saw a minor decline. Notably, net profit attributable to shareholders decreased by over 23%, and basic earnings per share dropped by 21.88%. Despite these challenges, the company proposed a final cash dividend, subject to shareholder approval, reflecting its commitment to returning value to shareholders.

Chongqing Gas Reports Q1 2025 Financial Results with Continued Net Loss
Apr 24, 2025

Chongqing Gas, a subsidiary of China Resources Gas Group, reported its unaudited financial results for the first quarter of 2025, showing a slight increase in revenue but a continued net loss. The company’s financial position reflects a decrease in cash and cash equivalents and total assets, indicating potential challenges in liquidity and operational efficiency, which stakeholders should consider cautiously.

China Resources Gas Group Emphasizes Sustainability with ESG Committee Renaming
Mar 28, 2025

China Resources Gas Group Limited has announced the renaming of its Corporate Governance Committee to the Environmental, Social and Governance (ESG) Committee. This change reflects the company’s commitment to integrating sustainable development into its strategy, with the committee’s responsibilities now expanded to include formulating and overseeing ESG strategies and compliance with relevant standards.

China Resources Gas Group Updates ESG Committee Terms
Mar 28, 2025

China Resources Gas Group Limited has updated the terms of reference for its Environmental, Social, and Governance (ESG) Committee. The committee is tasked with assisting the Board in shaping and reviewing the company’s ESG policies and practices, ensuring alignment with legal and international standards. This move reflects the company’s commitment to enhancing its corporate governance and sustainability efforts, potentially impacting its operational strategies and stakeholder relations.

China Resources Gas Group Reports 2024 Financial Results with Revenue Growth
Mar 28, 2025

China Resources Gas Group Limited reported its financial results for the year ending December 31, 2024, with a slight increase in revenue by 1.4% to HK$102,676 million and a marginal rise in core profit by 0.02% to HK$4,148 million. However, the profit attributable to owners decreased by 21.7% to HK$4,088 million. The company also announced a 3.4% increase in the full-year core dividend per share. Despite a challenging year, the company managed to increase its gross gas sales volume by 2.9%, indicating a steady demand in its market.

China Resources Gas Group Announces Final Dividend for 2024
Mar 28, 2025

China Resources Gas Group Limited has announced a final dividend of HKD 0.7 per share for the financial year ending December 31, 2024. Shareholders have the option to receive the dividend in RMB at an exchange rate of HKD 1 to RMB 0.92319. The ex-dividend date is set for May 30, 2025, with payment scheduled for July 18, 2025. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.

China Resources Gas Group Schedules Board Meeting for Financial Results
Mar 3, 2025

China Resources Gas Group Limited has announced a board meeting scheduled for March 28, 2025, to discuss and approve the company’s final results for the year ending December 31, 2024. The meeting will also consider recommending a final dividend, which could impact shareholder returns and reflect the company’s financial health.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.