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Zhonghua Gas Holdings Ltd.
(8246)
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Rating:46Neutral
Price Target:
HK$0.72
▲(793.75% Upside)
Action:Reiterated
Date:07/02/26
The score is held down primarily by ongoing losses and deeply negative operating and net margins despite a revenue rebound. Improved balance sheet leverage and the recent return to positive operating/free cash flow provide some support, but technical momentum is weak (below key moving averages with negative MACD) and valuation is hard to justify with negative earnings and no dividend data.
Positive Factors
Cash-generation turnaround
A sustained shift to positive operating and free cash flow materially strengthens the company’s ability to fund operations, reduce reliance on external financing, and prioritize capex or restructure. Over 2–6 months, consistent cash generation improves liquidity, supports debt reduction, and creates optionality for strategic investment or stabilization initiatives.
Negative Factors
Deep operating & net losses
Severe negative EBIT and net margins indicate the core business is not yet profitable and is destroying shareholder value. Without structural margin improvement—through pricing, mix shift, or cost cutting—the company will struggle to convert revenue growth into sustainable earnings, limiting reinvestment and long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash-generation turnaround
A sustained shift to positive operating and free cash flow materially strengthens the company’s ability to fund operations, reduce reliance on external financing, and prioritize capex or restructure. Over 2–6 months, consistent cash generation improves liquidity, supports debt reduction, and creates optionality for strategic investment or stabilization initiatives.
Read all positive factors
Zhonghua Gas Holdings Ltd. (8246) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$426.39M
Dividend YieldN/A
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)-0.20
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees45
SectorUtilities
Sector Strength65
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.04
Shares Outstanding592,203,000
10 Day Avg. Volume4,720,900
30 Day Avg. Volume1,770,966
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)2.55
Price to Sales (P/S)5.42
P/FCF Ratio5.58
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)N/A
Revenue Forecast (FY)N/A
Zhonghua Gas Holdings Ltd. Business Overview & Revenue Model
Company Description
Zhonghua Gas Holdings Limited, an investment holding company, provides integrated energy services in the People's Republic of China. It operates in two segments, Energy Business and Property Investments. The Energy Business segment offers integrat...
How the Company Makes Money
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Zhonghua Gas Holdings Ltd. Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.74M | 89.19M | 186.65M | 200.53M | 420.66M |
| Gross Profit | 7.39M | 3.54M | -6.79M | -7.95M | -7.03M |
| EBITDA | -28.86M | -38.95M | 11.23M | 11.08M | -194.44M |
| Net Income | -22.70M | -49.10M | -6.66M | -5.25M | -191.31M |
Balance Sheet | |||||
| Total Assets | 326.55M | 406.03M | 349.67M | 346.73M | 358.92M |
| Cash, Cash Equivalents and Short-Term Investments | 111.52M | 69.10M | 196.57M | 38.75M | 60.77M |
| Total Debt | 23.82M | 52.97M | 95.17M | 88.00M | 84.62M |
| Total Liabilities | 133.85M | 233.46M | 210.43M | 203.78M | 214.23M |
| Stockholders Equity | 161.15M | 136.71M | 104.76M | 109.79M | 115.04M |
Cash Flow | |||||
| Free Cash Flow | 73.57M | -130.43M | 162.78M | -18.20M | -22.61M |
| Operating Cash Flow | 77.14M | -129.69M | 163.23M | -18.14M | -10.87M |
| Investing Cash Flow | -4.68M | 575.00K | 342.00K | 191.00K | -4.07M |
| Financing Cash Flow | 25.07M | 2.05M | -6.50M | -8.02M | -7.86M |
Zhonghua Gas Holdings Ltd. Technical Analysis
Negative
0.08
Price Trends
0.80
Negative
0.79
Negative
0.73
Negative
Market Momentum
-0.02
Positive
44.10
Neutral
77.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8246, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.76, below the 50-day MA of 0.80, and below the 200-day MA of 0.73, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 44.10 is Neutral, neither overbought nor oversold. The STOCH value of 77.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8246.
Zhonghua Gas 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% | |
59 Neutral | HK$1.84B | 11.16 | 5.02% | ― | 34.71% | 0.53% | |
54 Neutral | HK$1.74B | 5.18 | 1.40% | 3.23% | -10.56% | -29.26% | |
50 Neutral | HK$1.49B | 6.54 | 8.04% | 6.55% | -26.24% | -63.51% | |
46 Neutral | HK$426.39M | -14.35 | -23.88% | ― | ― | ― | |
46 Neutral | HK$3.12B | 19.09 | 5.96% | 0.21% | -14.03% | -9.66% | |
42 Neutral | HK$635.08M | -3.02 | -6.76% | ― | -43.29% | -1535.48% |
* Utilities Sector Average
HK:8246
Zhonghua Gas Holdings Ltd.
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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.