Beijing Gas Blue Sky Holdings Ltd (HK:6828)
:6828
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Beijing Gas Blue Sky Holdings Ltd
(6828)
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Rating:48Neutral
Price Target:
HK$0.03
▲(10.00% Upside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weak financial quality—persistent negative EBIT and deteriorating cash flow with negative operating and free cash flow in 2024–2025—despite a strong 2025 revenue rebound and improved (but still high) leverage. Technicals add modest support with mildly positive momentum, and valuation looks inexpensive on P/E, but fundamentals limit upside confidence.
Positive Factors
Market position / Business model
The company’s integrated focus across gas trading, distribution and related services creates recurring, utility-like demand and long-term customer relationships. This vertically aligned model supports steady revenue channels, stickier contracts and predictable service revenues over multiple quarters.
Negative Factors
Persistent operating losses
EBIT has been negative across all reported years and gross margin slipped slightly negative in 2025, indicating structural cost or pricing pressure. Persistent operating losses undermine earnings quality and suggest core operations are not yet sustainably profitable despite revenue recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Market position / Business model
The company’s integrated focus across gas trading, distribution and related services creates recurring, utility-like demand and long-term customer relationships. This vertically aligned model supports steady revenue channels, stickier contracts and predictable service revenues over multiple quarters.
Read all positive factors
Beijing Gas Blue Sky Holdings Ltd (6828) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$750.29M
Dividend YieldN/A
Average Volume (3M)11.84M
Price to Earnings (P/E)4.7
Beta (1Y)1.46
Revenue Growth23.15%
EPS Growth13.51%
CountryHK
Employees564
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)<0.01
Shares Outstanding22,736,115,000
10 Day Avg. Volume17,919,800
30 Day Avg. Volume11,844,733
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)0.48
Price to Sales (P/S)0.35
P/FCF Ratio-4.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$0.05Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Beijing Gas Blue Sky Holdings Ltd Business Overview & Revenue Model
Company Description
Beijing Gas Blue Sky Holdings Limited, an investment holding company, engages in the sale and distribution of natural gas and other related products in the People's Republic of China. It operates through Natural Gas Refuelling Station; Trading and...
How the Company Makes Money
null...
Beijing Gas Blue Sky Holdings Ltd Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.08B | 1.69B | 2.13B | 1.57B | 1.73B |
| Gross Profit | -4.26M | 49.71M | 64.87M | 88.26M | 119.34M |
| EBITDA | 8.67M | 1.58M | 77.56M | -7.14M | -433.83M |
| Net Income | 94.53M | 85.07M | 91.29M | 18.64M | -275.40M |
Balance Sheet | |||||
| Total Assets | 4.66B | 4.45B | 5.09B | 5.22B | 5.24B |
| Cash, Cash Equivalents and Short-Term Investments | 339.97M | 360.37M | 401.43M | 570.24M | 767.77M |
| Total Debt | 2.56B | 2.35B | 2.73B | 2.79B | 3.60B |
| Total Liabilities | 2.96B | 2.97B | 3.46B | 3.66B | 4.54B |
| Stockholders Equity | 1.51B | 1.36B | 1.41B | 1.29B | 604.84M |
Cash Flow | |||||
| Free Cash Flow | -180.48M | -23.78M | 69.78M | 152.40M | 45.58M |
| Operating Cash Flow | -141.58M | 17.01M | 126.32M | 174.47M | 103.37M |
| Investing Cash Flow | 143.91M | 277.90M | -4.85M | 308.20M | 204.74M |
| Financing Cash Flow | -74.90M | -299.45M | -244.52M | -386.15M | -85.13M |
Beijing Gas Blue Sky Holdings Ltd Technical Analysis
Negative
0.03
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
35.35
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6828, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.35 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6828.
Beijing Gas Blue Sky Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
60 Neutral | HK$1.44B | 1.67 | 9.09% | ― | 16.52% | 20.26% | |
59 Neutral | HK$1.47B | 11.99 | 9.15% | 6.91% | -9.54% | 1.70% | |
57 Neutral | HK$1.05B | 6.73 | 12.46% | 5.30% | -8.67% | -19.64% | |
54 Neutral | HK$2.70B | 77.75 | 0.68% | 4.94% | 1.97% | -87.86% | |
48 Neutral | HK$750.29M | 4.71 | 4.39% | ― | 23.15% | 13.51% | |
45 Neutral | HK$316.36M | -6.86 | -3.86% | ― | -0.17% | 4.76% |
* Utilities Sector Average
HK:6828
Beijing Gas Blue Sky Holdings Ltd
0.03
>-0.01
-13.16%
HK:2886
Binhai Investment Co
1.06
0.11
11.81%
HK:1265
Tianjin Jinran Public Utilities Co. Ltd. Class H
0.17
>-0.01
-0.58%
HK:9908
JiaXing Gas Group Co. Ltd. Class H
7.62
0.16
2.14%
HK:1600
Tian Lun Gas Holdings Limited
2.77
0.28
11.11%
HK:1940
China Gas Industry Investment Holdings Co.Ltd.
1.20
0.72
147.42%
Beijing Gas Blue Sky Holdings Ltd Corporate Events
Beijing Gas Blue Sky Sets 2026 AGM, Seeks Fresh 20% Share Issuance Mandate
Apr 27, 2026
Beijing Gas Blue Sky Holdings Limited has called its annual general meeting for 29 May 2026 in Hong Kong, where shareholders will review and adopt the 2025 audited financial statements, consider the re-election of four directors, and authorise the...
Beijing Gas Blue Sky Secures HK$400 Million Revolving Loan Tied to State Ownership
Apr 22, 2026
Beijing Gas Blue Sky Holdings Limited has accepted a HK$400 million uncommitted revolving loan facility from a bank, with each drawdown carrying a tenor of up to six months and an initial overall maturity of one year, extendable at the bank’...
Beijing Gas Blue Sky Lifts 2025 Revenue as New Energy Business Grows but Margins Tighten
Mar 25, 2026
Beijing Gas Blue Sky Holdings Limited, a Hong Kong-listed clean energy and natural gas operator, reported steady progress in expanding its integrated clean energy and new energy operations during 2025. The group’s new energy segment delivere...
Beijing Gas Blue Sky Sets March Board Meeting to Approve 2025 Results and Weigh Dividend
Mar 9, 2026
Beijing Gas Blue Sky Holdings Limited has scheduled a board meeting for 25 March 2026 to review and approve the audited annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividen...
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.