JiaXing Gas Group Co. Ltd. Class H (HK:9908)
:9908
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JiaXing Gas Group Co. Ltd. Class H
(9908)
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Rating:57Neutral
Price Target:
HK$8.50
▲(3.91% Upside)
Action:ReiteratedDate:04/28/26
The score is held back primarily by weakening financial performance (revenue decline, margin compression, and higher leverage) and bearish technical signals (below key moving averages with negative MACD). These are partly offset by supportive valuation (low P/E) and a strong dividend yield.
Positive Factors
Cash generation
Sustained positive operating and free cash flow provide durable internal funding for maintenance capex, customer connections and dividends. Even amid margin pressure, strong cash conversion supports liquidity, debt servicing and strategic reinvestment over the next 2–6 months.
Negative Factors
Revenue decline
A near-10% revenue contraction undermines top-line stability and reduces operating leverage. Persisting sales weakness can materially depress margins and cash generation, limiting room for reinvestment and increasing reliance on cost cuts or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained positive operating and free cash flow provide durable internal funding for maintenance capex, customer connections and dividends. Even amid margin pressure, strong cash conversion supports liquidity, debt servicing and strategic reinvestment over the next 2–6 months.
Read all positive factors
JiaXing Gas Group Co. Ltd. Class H (9908) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.14B
Dividend Yield5.3%
Average Volume (3M)25.37K
Price to Earnings (P/E)6.9
Beta (1Y)-0.04
Revenue Growth-8.67%
EPS Growth-19.64%
CountryHK
Employees402
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.60
Shares Outstanding37,844,500
10 Day Avg. Volume24,150
30 Day Avg. Volume25,366
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.83
Price to Sales (P/S)0.33
P/FCF Ratio4.37
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
JiaXing Gas Group Co. Ltd. Class H Business Overview & Revenue Model
Company Description
JiaXing Gas Group Co., Ltd. operates as a piped natural gas (PNG) operator in the People's Republic of China. The company sells PNG, liquefied natural gas (LNG), and liquefied petroleum gas (LPG) to residential and non-residential users; and provi...
How the Company Makes Money
The company primarily makes money through (1) selling natural gas to end customers and (2) charging fees for connecting customers to its gas network and providing installation-related services.
1) Natural gas sales (recurring revenue): JiaXing Ga...
JiaXing Gas Group Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
53
Neutral
Balance Sheet
48
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.04B | 3.42B | 2.96B | 3.47B | 1.99B |
| Gross Profit | 201.73M | 354.89M | 265.56M | 165.76M | 237.67M |
| EBITDA | 209.27M | 325.74M | 375.98M | 179.34M | 214.50M |
| Net Income | 146.84M | 187.62M | 239.00M | 69.34M | 108.49M |
Balance Sheet | |||||
| Total Assets | 3.52B | 2.98B | 2.65B | 2.08B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 750.63M | 433.34M | 344.50M | 294.56M | 343.42M |
| Total Debt | 1.20B | 512.17M | 350.65M | 383.69M | 401.12M |
| Total Liabilities | 2.23B | 1.80B | 1.59B | 1.20B | 1.15B |
| Stockholders Equity | 1.23B | 1.13B | 1.03B | 841.68M | 793.14M |
Cash Flow | |||||
| Free Cash Flow | 232.08M | 160.52M | 107.26M | 55.04M | 64.05M |
| Operating Cash Flow | 461.36M | 316.97M | 228.82M | 151.11M | 132.09M |
| Investing Cash Flow | -350.84M | -199.33M | 181.28M | -115.28M | -268.31M |
| Financing Cash Flow | 196.37M | -166.76M | 73.02M | -73.80M | 52.58M |
JiaXing Gas Group Co. Ltd. Class H Technical Analysis
Negative
8.18
Price Trends
8.76
Negative
8.48
Negative
8.16
Positive
Market Momentum
-0.16
Positive
24.22
Positive
30.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9908, the sentiment is Negative. The current price of 8.18 is below the 20-day moving average (MA) of 8.73, below the 50-day MA of 8.76, and above the 200-day MA of 8.16, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 24.22 is Positive, neither overbought nor oversold. The STOCH value of 30.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9908.
JiaXing Gas Group Co. Ltd. Class H 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$1.63B | 1.67 | 9.09% | ― | 16.52% | 20.26% | |
59 Neutral | HK$1.69B | 7.87 | 9.15% | 6.91% | -9.54% | 1.70% | |
57 Neutral | HK$1.14B | 6.91 | 12.46% | 5.30% | -8.67% | -19.64% | |
54 Neutral | HK$2.77B | 79.81 | 4.85% | 4.94% | 1.97% | -87.86% | |
49 Neutral | HK$886.71M | 7.70 | 4.39% | ― | 23.15% | 13.51% | |
45 Neutral | HK$336.59M | -6.86 | -3.86% | ― | -0.26% | 4.76% |
* Utilities Sector Average
HK:9908
JiaXing Gas Group Co. Ltd. Class H
8.28
1.10
15.32%
HK:2886
Binhai Investment Co
1.18
0.18
18.47%
HK:1265
Tianjin Jinran Public Utilities Co. Ltd. Class H
0.18
0.01
7.65%
HK:1600
Tian Lun Gas Holdings Limited
2.84
0.36
14.52%
HK:1940
China Gas Industry Investment Holdings Co.Ltd.
1.32
0.86
186.96%
HK:6828
Beijing Gas Blue Sky Holdings Ltd
0.04
<0.01
2.63%
JiaXing Gas Group Co. Ltd. Class H Corporate Events
JiaXing Gas Sets June 2026 AGM to Approve 2025 Results and Dividends
Apr 27, 2026
JiaXing Gas Group Co. Ltd. has called its annual general meeting for 5 June 2026 in Jiaxing, Zhejiang Province, where shareholders will review the 2025 board and supervisory reports, audited financial statements and the auditor’s report. The...
JiaXing Gas Profit Drops Nearly 20% as Gas Volumes and Revenue Decline in 2025
Mar 27, 2026
JiaXing Gas Group reported 2025 revenue of RMB3.12 billion, down 8.74% year-on-year, as total natural gas sales volume slipped 3.09% to 878 million cubic meters, underscoring softer demand or pricing pressure in its core markets. Profit attributab...
JiaXing Gas Group Proposes Final 2025 Dividend with Detailed Tax Terms for H Shareholders
Mar 27, 2026
JiaXing Gas Group Co., Ltd. has proposed a final ordinary dividend of RMB 0.25 per share for the year ended 31 December 2025, subject to shareholder approval on 5 June 2026. The dividend will be paid in Hong Kong dollars on 3 July 2026, with the e...
JiaXing Gas Schedules March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 12, 2026
JiaXing Gas Group Co., Ltd. has scheduled a board meeting for 27 March 2026 to review and approve the annual results for the year ended 31 December 2025. The board will also consider the recommendation of a final dividend, which could influence sh...
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.