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

• Market Cap: HK$841.24M
• Dividend Yield: N/A
• Average Volume (3M): 3.77M
• Price to Earnings (P/E): 10.0
• Beta (1Y): 1.17
• Revenue Growth: -21.48%
• EPS Growth: -7.50%
• Country: HK
• Employees: 564
• Sector: Utilities
• Sector Strength: 78
• Industry: Regulated Gas
• EPS (TTM): <0.01
• Shares Outstanding: 22,736,115,000
• 10 Day Avg. Volume: 1,465,800
• 30 Day Avg. Volume: 3,771,266
• PEG Ratio: -0.38
• Price to Book (P/B): 0.62
• 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

Beijing Gas Blue Sky Holdings Ltd receives a score of 51, primarily driven by its challenging financial performance. High leverage and lack of positive cash flow are significant concerns. Technical indicators suggest moderate strength, while valuation metrics show a reasonable P/E ratio. The absence of dividend yield may deter income-focused investors.

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 Distribution of Natural Gas; Direct Supply to Industrial Users; and City Gas, Pipeline Construction Fee, Value-Added Service and Others segments. The company operates compressed natural gas (CNG) and liquefied natural gas (LNG) refueling stations for vehicles; and distributes and trades in CNG, LNG fuel oil and other related oil by-products as a wholesaler to industrial and commercial users through direct supply facilities. It also sells natural gas to residential, industrial, and commercial users through pipelines. In addition, the company is involved in the provision of repair and maintenance, and pipeline construction. The company owns 29 gas refueling stations, including 17 CNG refueling stations and 12 LNG refueling stations. The company was formerly known as Blue Sky Power Holdings Limited and changed its name to Beijing Gas Blue Sky Holdings Limited in January 2017. Beijing Gas Blue Sky Holdings Limited was founded in 2000 and is headquartered in Central, Hong Kong.

How the Company Makes Money

Beijing Gas Blue Sky Holdings Ltd generates revenue through the sale and distribution of natural gas products. Its key revenue streams include the provision of piped natural gas to residential, commercial, and industrial customers, as well as the sale of liquefied natural gas (LNG) to various sectors. The company earns additional income by constructing and operating gas pipeline infrastructure, gas refueling stations, and storage facilities. Strategic partnerships and joint ventures with local governments and other energy companies enhance its market reach and operational capabilities, further supporting its revenue generation efforts.

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 a low gross profit margin and a negative EBIT margin, indicating operational challenges. The balance sheet reveals high leverage, which poses financial risk. The critical issue is the cash flow statement, which shows zero operating and free cash flows, suggesting liquidity constraints and the need for careful financial management.

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
	EBIT
-98.33M	-33.42M	-18.96M	-230.02M	-1.01B
	EBITDA
1.58M	77.56M	-7.14M	-106.88M	-3.87B
	Net Income Common Stockholders
85.07M	91.29M	18.64M	-275.40M	-3.72B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
360.37M	401.43M	570.24M	767.77M	759.49M
	Total Assets
4.45B	5.09B	5.22B	5.24B	5.47B
	Total Debt
2.35B	2.73B	2.79B	3.60B	3.53B
	Net Debt
1.99B	2.33B	2.24B	2.85B	2.81B
	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
0.00	69.78M	152.40M	45.58M	-207.41M
	Operating Cash Flow
0.00	126.32M	174.47M	103.37M	-150.69M
	Investing Cash Flow
0.00	-4.85M	27.45M	-7.78M	-220.46M
	Financing Cash Flow
0.00	-244.52M	-386.15M	-85.13M	524.94M

Beijing Gas Blue Sky Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.27 is Neutral, neither overbought nor oversold. The STOCH value of 123.33 is Negative, 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
2688	72 Outperform	$71.15B	10.87	13.65%	4.69%	-5.28%	-13.15%
1083	70 Neutral	$12.22B	7.46	6.93%	4.57%	7.42%	-2.02%
Sector *	63 Neutral	$8.34B	9.99	4.83%	4.38%	3.69%	-13.85%
1193	59 Neutral	HK$51.38B	12.57	9.94%	5.76%	1.39%	-21.74%
6828	51 Neutral	HK$841.24M	10.00	6.29%	―	-21.48%	-7.50%
2689	48 Neutral	$14.36B	14.27	2.05%	―	9.33%	―
8356	45 Neutral	HK$34.33M	―		―	-16.98%	62.42%

Beijing Gas Blue Sky Holdings Ltd Corporate Events

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.

Beijing Gas Blue Sky Reports 2024 Annual Results with Increased Profit Amid Revenue Decline

Beijing Gas Blue Sky Holdings Limited announced its annual results for the year ending December 31, 2024, reporting a revenue decrease of 12.8% to RMB1,688.4 million compared to the previous year. Despite the revenue decline, the company saw a 3.5% increase in profit attributable to shareholders, reaching RMB85.1 million. The EBITDA decreased by 17.8%, while the company recorded segment revenue and profit from its new energy business for the first time. The board did not declare a final dividend for the year.

Beijing Gas Blue Sky Holdings Faces Litigation Over Unsettled Acquisition Payment

Beijing Gas Blue Sky Holdings Limited has announced its involvement in a litigation case filed by Dalian PetroChina Xiuhe Energy Co., Ltd. The case pertains to an alleged failure by Shenzhen Xinliao Oil Technical Service Co., Ltd., a related party, to settle outstanding consideration for the acquisition of interests in Benxi Liaoyou New Era Gas Co., Ltd. The claimant seeks payment of the outstanding amount and lost interest, holding Beijing Gas Blue Sky Holdings and Guizhou Shunyao Energy Investment Co., Ltd. jointly liable. The company has engaged legal advisers to defend against the claims, emphasizing that Shenzhen Xinliao and Guizhou Shunyao are independent third parties.

Beijing Gas Blue Sky Shifts Financial Reporting to RMB

Beijing Gas Blue Sky Holdings Ltd has announced its decision to change the presentation currency of its consolidated financial statements from Hong Kong dollars to Renminbi. This change, motivated by the company’s significant operations in RMB, aims to provide shareholders and potential investors with a clearer understanding of the company’s financial performance. The first financial statements reflecting this change will be for the year ending December 31, 2024, with previous figures restated in RMB. The company expects no material impact from this shift on its financial statements.