Beijing Gas Blue Sky Holdings Ltd (6828) AI Stock Analysis

• Market Cap: HK$1.14B
• Dividend Yield: N/A
• Average Volume (3M): 13.07M
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.21
• Revenue Growth: -21.48%
• EPS Growth: -7.50%
• Country: HK
• Employees: 564
• Sector: Utilities
• Sector Strength: 77
• Industry: Regulated Gas
• EPS (TTM): <0.01
• Shares Outstanding: 22,736,115,000
• 10 Day Avg. Volume: 7,834,400
• 30 Day Avg. Volume: 13,074,785
• PEG Ratio: -0.52
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score is impacted primarily by financial performance struggles, including high leverage and liquidity constraints. While technical indicators suggest bullish momentum, the high RSI indicates potential overbought conditions. Valuation metrics provide a moderate view, but lack of dividend yield is a downside for income investors.

Beijing Gas Blue Sky Holdings Ltd Business Overview & Revenue Model

Company Description

Beijing Gas Blue Sky Holdings Ltd (6828) is a Hong Kong-based investment holding company primarily engaged in the natural gas and clean energy business. The company focuses on the distribution and sale of natural gas, the construction and operation of natural gas refueling stations, and the provision of related engineering services. It operates primarily in mainland China, leveraging its expertise to support the transition to cleaner energy sources in the region.

How the Company Makes Money

The company generates revenue through several key streams. First, it earns money from the sale and distribution of natural gas to residential, commercial, and industrial users. This includes revenue from operating natural gas refueling stations, which cater to vehicles powered by natural gas. Additionally, Beijing Gas Blue Sky Holdings Ltd provides engineering and construction services related to natural gas infrastructure, further contributing to its income. The company also benefits from partnerships and collaborations with local governments and other entities that support its growth and development in China's expanding clean energy sector.

Beijing Gas Blue Sky Holdings Ltd Financial Statement Overview

Summary

Beijing Gas Blue Sky Holdings Ltd faces a challenging financial environment. The income statement shows low gross profitability and negative operational margins, with a significant decline in revenue. The balance sheet indicates high leverage, and the cash flow statement highlights liquidity constraints, with zero operating and free cash flows.

Income Statement

The income statement of Beijing Gas Blue Sky Holdings Ltd reveals a challenging scenario. The gross profit margin for 2024 was approximately 2.94%, indicating low profitability at the gross level. The net profit margin showed improvement to 5.04% from the previous year, but this is partly due to a significant decrease in revenue by 21.48% compared to 2023. The EBIT margin is negative at -5.82%, reflecting continued operational challenges, and the EBITDA margin is only slightly positive at 0.09%, suggesting limited operational cash flow generation.

Balance Sheet

The balance sheet indicates a moderately leveraged position with a debt-to-equity ratio of approximately 1.73, which is relatively high and suggests potential financial risk. The equity ratio stands at 30.47%, indicating that a significant portion of assets is financed by equity. Return on equity for 2024 was 6.27%, showing some profitability relative to equity, but the overall leverage remains a concern.

Cash Flow

The cash flow statement highlights significant issues with zero recorded operating and free cash flows in 2024, indicating potential liquidity constraints. The absence of positive cash flows could impact the company's ability to meet its financial obligations and invest in growth opportunities. The free cash flow to net income ratio could not be calculated due to the lack of free cash flow data, further emphasizing the cash flow challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.69B	2.15B	1.61B	1.73B	1.46B
Gross Profit	49.71M	65.37M	88.26M	119.34M	155.25M
EBITDA	1.58M	77.56M	-7.14M	-106.88M	-3.87B
Net Income	85.07M	91.29M	18.64M	-275.40M	-3.72B
Balance Sheet
Total Assets	4.45B	5.09B	5.22B	5.24B	5.47B
Cash, Cash Equivalents and Short-Term Investments	360.37M	401.43M	570.24M	767.77M	759.49M
Total Debt	2.35B	2.73B	2.79B	3.60B	3.53B
Total Liabilities	2.97B	3.46B	3.66B	4.54B	4.66B
Stockholders Equity	1.36B	1.41B	1.29B	604.84M	749.90M
Cash Flow
Free Cash Flow	-23.78M	69.78M	152.40M	45.58M	-207.41M
Operating Cash Flow	17.01M	126.32M	174.47M	103.37M	-150.69M
Investing Cash Flow	277.90M	-4.85M	27.45M	-7.78M	-220.46M
Financing Cash Flow	-299.45M	-244.52M	-386.15M	-85.13M	524.94M

Beijing Gas Blue Sky Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6828, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 92.78 is Negative, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6828.

Beijing Gas Blue Sky Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9908	74 Outperform	HK$1.13B	5.42	17.44%	0.79%	13.91%	-23.60%
2886	70 Neutral	HK$1.54B	7.61	8.97%	6.85%	-3.26%	-22.44%
1940	63 Neutral	HK$576.00M	4.09	8.26%	―	-13.51%	-0.59%
Sector *	63 Neutral	HK$30.48B	8.78	5.37%	4.05%	-3.09%	4.51%
1600	60 Neutral	HK$3.39B	10.21	5.13%	1.64%	-1.30%	-38.13%
6828	54 Neutral	HK$1.14B	13.51	6.29%	―	-21.48%	-7.50%
1265	49 Neutral	€400.97M	―	-3.25%	―	-12.22%	70.26%

Beijing Gas Blue Sky Holdings Ltd Corporate Events

Beijing Gas Blue Sky Holdings Ltd Updates Nomination Committee Terms

Beijing Gas Blue Sky Holdings Ltd has revised and adopted the terms of reference for its Nomination Committee as of June 27, 2025. The committee, established in 2007, is responsible for nominating board members and ensuring a majority of independent non-executive directors, with a focus on maintaining diversity. This revision aims to enhance governance and transparency, potentially impacting the company’s operational efficiency and stakeholder trust.

Beijing Gas Blue Sky Secures HK$200 Million Loan Facility

Beijing Gas Blue Sky Holdings Limited has entered into a one-year facility agreement with a bank for an uncommitted term loan facility of up to HK$200,000,000. The agreement includes covenants ensuring that the State-owned Assets Supervision and Administration Commission of Beijing Municipality remains the largest shareholder, and that Beijing Gas Group maintains a controlling interest in the company. This financial arrangement is crucial for maintaining the company’s operational stability and ensuring compliance with shareholder structure requirements, which could impact its strategic positioning and stakeholder relations.

Beijing Gas Blue Sky Secures Loan Facility Extension to 2026

Beijing Gas Blue Sky Holdings Ltd announced an extension of its uncommitted revolving loan facility, now available until June 2026, with a total amount of up to HK$400 million. The extension is contingent upon the company maintaining its current shareholding structure, with Beijing Gas Group holding at least 51% of the company’s shares. This move strengthens the company’s financial flexibility, ensuring continued support from its controlling shareholder and aligning with strategic goals.

Beijing Gas Blue Sky Holdings Ltd Passes Key Resolutions at AGM

Beijing Gas Blue Sky Holdings Ltd announced the successful passage of all proposed resolutions at its Annual General Meeting held on May 29, 2025. The resolutions included the adoption of financial statements, re-election of directors, and the approval of new bye-laws, indicating a strategic alignment and governance update for the company.

Beijing Gas Blue Sky Forms Joint Venture to Expand Energy Services

Beijing Gas Blue Sky Holdings Ltd, through its subsidiary Beiran Energy, has entered into a joint venture with Beijing Xinao New Energy to form a new company with a registered capital of RMB80,000,000. The joint venture will focus on comprehensive energy services and the development of energy facilities, with Beiran Energy holding a 51% stake. This strategic move is expected to enhance Beijing Gas Blue Sky’s market position in the energy sector by expanding its service offerings and operational capabilities.

Beijing Gas Blue Sky Holdings Announces 2025 AGM and Key Resolutions

Beijing Gas Blue Sky Holdings Limited has announced its Annual General Meeting scheduled for May 29, 2025, where key resolutions will be discussed, including the adoption of financial statements for 2024, re-election of directors, and re-appointment of auditors. The meeting will also consider amendments to the company’s bye-laws and authorize directors to issue and deal with shares, reflecting strategic governance and operational adjustments aimed at enhancing corporate structure and shareholder value.