Tian Lun Gas Holdings Limited (HK:1600)
:1600
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Tian Lun Gas Holdings Limited
(1600)
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Rating:54Neutral
Price Target:
HK$3.00
â–¼(-12.28% Downside)
Action:ReiteratedDate:04/21/26
The score is held back primarily by weakening profitability and returns, alongside a sharp decline in free cash flow. Technicals are broadly neutral with the stock below longer-term moving averages. A high dividend yield provides some support, but the negative P/E limits valuation clarity.
Positive Factors
Regulated city gas business model
Tian Lun runs regulated city gas networks and earns from gas sales plus connection/service fees. This business yields predictable, recurring volumes and long-lived customer relationships, supporting steady demand and contractual/regulated cash flow characteristics over multiple years.
Negative Factors
Sharply compressed net profitability
Net margin collapse signals material pressure on bottom-line returns, whether from higher procurement costs, tariff lag, or non-operating items. Persistently low net margins limit retained earnings, reduce reinvestment capacity, and make dividends and recovery sensitive to regulatory and cost dynamics.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated city gas business model
Tian Lun runs regulated city gas networks and earns from gas sales plus connection/service fees. This business yields predictable, recurring volumes and long-lived customer relationships, supporting steady demand and contractual/regulated cash flow characteristics over multiple years.
Read all positive factors
Tian Lun Gas Holdings Limited (1600) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.77B
Dividend Yield4.94%
Average Volume (3M)774.00K
Price to Earnings (P/E)79.8
Beta (1Y)0.54
Revenue Growth1.97%
EPS Growth-87.86%
CountryHK
Employees3,060
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)-0.09
Shares Outstanding975,196,600
10 Day Avg. Volume914,400
30 Day Avg. Volume774,003
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)0.51
Price to Sales (P/S)0.39
P/FCF Ratio7.89
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)0.37
Revenue Forecast (FY)HK$8.20B
Tian Lun Gas Holdings Limited Business Overview & Revenue Model
Company Description
Tian Lun Gas Holdings Limited (1600) is a leading integrated gas supplier and service provider in China, primarily engaged in the distribution of piped natural gas and the sale of liquefied natural gas (LNG). The company operates in various sector...
How the Company Makes Money
The company primarily makes money by operating city gas distribution projects and charging for natural gas supplied to end-users. Revenue is generated from (i) gas sales to residential, industrial, and commercial customers, where earnings are larg...
Tian Lun Gas Holdings Limited Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
56
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.73B | 7.78B | 7.73B | 7.54B | 7.65B |
| Gross Profit | 1.09B | 1.34B | 1.45B | 1.39B | 1.78B |
| EBITDA | 1.10B | 1.30B | 1.46B | 1.37B | 1.81B |
| Net Income | 37.63M | 300.99M | 479.56M | 444.60M | 1.00B |
Balance Sheet | |||||
| Total Assets | 15.40B | 15.91B | 15.69B | 15.96B | 15.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.12B | 978.64M | 1.35B | 1.05B |
| Total Debt | 6.89B | 7.01B | 6.81B | 7.21B | 6.32B |
| Total Liabilities | 9.27B | 9.65B | 9.58B | 10.14B | 9.58B |
| Stockholders Equity | 5.83B | 5.94B | 5.80B | 5.51B | 5.22B |
Cash Flow | |||||
| Free Cash Flow | 380.63M | 614.05M | 701.96M | 303.68M | -9.88M |
| Operating Cash Flow | 601.65M | 918.28M | 1.02B | 689.22M | 405.77M |
| Investing Cash Flow | -221.84M | -367.69M | -312.19M | -465.90M | -1.42B |
| Financing Cash Flow | -315.57M | -409.71M | -1.08B | 99.34M | 394.50M |
Tian Lun Gas Holdings Limited Technical Analysis
Negative
3.42
Price Trends
2.84
Negative
2.95
Negative
3.30
Negative
Market Momentum
<0.01
Negative
48.16
Neutral
52.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1600, the sentiment is Negative. The current price of 3.42 is above the 20-day moving average (MA) of 2.83, above the 50-day MA of 2.84, and above the 200-day MA of 3.30, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.16 is Neutral, neither overbought nor oversold. The STOCH value of 52.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1600.
Tian Lun Gas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$68.99B | 12.01 | 12.60% | 4.30% | 1.89% | -0.52% | |
67 Neutral | HK$42.62B | 14.60 | 8.10% | 4.43% | -4.81% | -14.03% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$39.55B | 7.70 | 5.14% | 6.44% | -2.28% | -9.61% | |
55 Neutral | HK$12.96B | 8.67 | 6.35% | 6.38% | -1.89% | -5.33% | |
54 Neutral | HK$2.77B | 79.81 | 4.85% | 4.94% | 1.97% | -87.86% | |
45 Neutral | HK$7.50B | 30.75 | 2.04% | 0.71% | -7.63% | 71.13% |
* Utilities Sector Average
HK:1600
Tian Lun Gas Holdings Limited
2.84
0.35
14.06%
HK:0384
China Gas Holdings
7.26
0.67
10.13%
HK:1193
China Resources Gas Group
18.79
-1.91
-9.24%
HK:1083
Towngas China Co
3.53
0.26
7.85%
HK:2688
ENN Energy Holdings
61.10
2.38
4.06%
HK:3633
Zhongyu Gas Holdings Limited
2.73
-1.57
-36.50%
Tian Lun Gas Holdings Limited Corporate Events
Tian Lun Gas Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issuance Authority
Apr 17, 2026
Tian Lun Gas Holdings Limited has convened its annual general meeting for 15 May 2026 in Zhengzhou, where shareholders will vote on key corporate matters for the 2025 financial year. The agenda includes receiving the audited accounts, approving a ...
Tian Lun Gas Declares Final Dividend for 2025 Financial Year
Apr 17, 2026
Tian Lun Gas Holdings Limited has declared a final ordinary cash dividend of RMB 0.0557 per share for the financial year ended 31 December 2025, reinforcing its practice of returning cash to shareholders. The payout, subject to shareholder approva...
Tian Lun Gas Delivers Modest 2025 Growth While Doubling Down on Supply Security and Safety
Mar 31, 2026
Tian Lun Gas reported that in 2025 it navigated challenging macroeconomic conditions and shifting energy policies by optimizing its business portfolio, tightening cost controls and deepening its core gas operations, while expanding comprehensive s...
Tian Lun Gas Declares Final 2025 Dividend and Sets Payout Timetable
Mar 31, 2026
Tian Lun Gas Holdings Limited has announced a proposed final ordinary dividend of RMB 0.0557 per share for the financial year ended 31 December 2025, with the Hong Kong dollar equivalent and applicable exchange rate to be confirmed later. The payo...
Tian Lun Gas Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 13, 2026
Tian Lun Gas Holdings Limited has scheduled a board meeting for 30 March 2026 in Zhengzhou, China, where directors will review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to re...
Tian Lun Gas Relocates Hong Kong Principal Office, Keeps Contacts Unchanged
Mar 5, 2026
Tian Lun Gas Holdings Limited has changed its principal place of business in Hong Kong to the 20th floor of 163 QRE on Queen’s Road East in Wanchai, effective 5 March 2026. The move centralises the company’s Hong Kong presence at a new...
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.