The Hong Kong and China Gas Company Limited logo

The Hong Kong and China Gas Company Limited

0003.HK

HKSEUtilitiesRegulated Gas

Latest quote

HK$7.495

−HK$0.005 · -0.07%

Aug 24, 4:08 PM HKT

0003.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Established in 1862 and headquartered in North Point, Hong Kong, The Hong Kong and China Gas Company Limited operates as a prominent utility and energy provider. The company primarily engages in the production, distribution, and marketing of gas across Hong Kong and Mainland China, supplying town gas to approximately 1.9 million customers. Its product portfolio includes liquefied natural gas, methanol, coal, and various other chemicals. Beyond traditional gas services, the company is actively involved in numerous energy initiatives, such as the conversion and utilization of biomass and agricultural waste, alongside the development of photovoltaic projects and broader energy exploration ventures. It also operates natural gas refilling stations, manages piped city-gas projects, participates in upstream and midstream energy developments, and provides aviation fuel facilities. A substantial part of its business encompasses water services, including water supply and the treatment of domestic sewage and industrial wastewater for about 2.4 million customers. The company further delivers comprehensive engineering and consultancy services, spanning utility installation, infrastructure construction, and civil and building services for both public and private sector projects. Additionally, it manufactures gas meters, metering systems, and polyethylene piping and fittings. In the technology sector, the company provides network connectivity, data center and cloud computing services, coupled with expertise in software development, solution implementation, and systems integration. Its diverse activities also span customer service centers, retail and hospitality ventures (including cafés and restaurants), and laundry services. Furthermore, it engages in the development of automatic meter reading systems, laboratory testing, payment gateway solutions, and project management, complemented by interests in landfill gas initiatives, financing, logistics, oil operations, research and development, property development, and securities investment.

Industry
Regulated Gas
Sector
Utilities
Headquarters
HK
CEO
Peter Wong Wai-yee
Listed since
Dec 31, 1959
Employees
2,146

Market position

Day range

Current HK$7.495

52-week range

Current HK$7.495

Open
HK$7.40
Previous close
HK$7.50
Volume
43.95M
1.58× average
Average volume
27.76M
Average daily volume
Market cap
139.86B HKD
Beta
0.56
Market reference 1
50-day average
HK$6.806
+10.12% above average
200-day average
HK$7.163
+4.64% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
185.26B HKD
P/E (TTM)
21.41×
P/B (TTM)
2.32×
P/S (TTM)
2.48×
EV / EBITDA
15.56×
Earnings yield
4.35%
Free cash flow yield
4.13%
Dividend yield
3.20%

Profitability & efficiency

Gross margin
15.41%
Operating margin
5.64%
Net margin
11.30%
Return on equity
9.58%
Return on assets
3.48%
Return on invested capital
4.45%

Financial health

Debt / equity
1.04×
Current ratio
0.62×
Altman Z-score
1.78
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%32%19%6%Gross margin, FY2021: 26.18%Gross margin, FY2022: 23.59%Gross margin, FY2023: 38.57%Gross margin, FY2024: 41.66%Gross margin, FY2025: 23.89%Operating margin, FY2021: 32.39%Operating margin, FY2022: 29.37%Operating margin, FY2023: 31.76%Operating margin, FY2024: 14.74%Operating margin, FY2025: 14.97%Net margin, FY2021: 9.57%Net margin, FY2022: 8.79%Net margin, FY2023: 10.84%Net margin, FY2024: 10.30%Net margin, FY2025: 10.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.18%. Gross margin FY2022 23.59%. Gross margin FY2023 38.57%. Gross margin FY2024 41.66%. Gross margin FY2025 23.89%. Operating margin FY2021 32.39%. Operating margin FY2022 29.37%. Operating margin FY2023 31.76%. Operating margin FY2024 14.74%. Operating margin FY2025 14.97%. Net margin FY2021 9.57%. Net margin FY2022 8.79%. Net margin FY2023 10.84%. Net margin FY2024 10.30%. Net margin FY2025 10.47%.

Income trends

Revenue

54.33B HKD-2.07%

Operating income

8.13B HKD-0.56%

Net income

5.69B HKD-0.41%
Income trends across reported periods66.54B HKD44.21B HKD21.88B HKD−454.65M HKDRevenue, FY2021: 53.56B HKDRevenue, FY2022: 60.95B HKDRevenue, FY2023: 56.97B HKDRevenue, FY2024: 55.47B HKDRevenue, FY2025: 54.33B HKDOperating income, FY2021: 17.35B HKDOperating income, FY2022: 17.9B HKDOperating income, FY2023: 18.1B HKDOperating income, FY2024: 8.18B HKDOperating income, FY2025: 8.13B HKDNet income, FY2021: 5.13B HKDNet income, FY2022: 5.36B HKDNet income, FY2023: 6.18B HKDNet income, FY2024: 5.71B HKDNet income, FY2025: 5.69B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 53.56B HKD. Revenue FY2022 60.95B HKD. Revenue FY2023 56.97B HKD. Revenue FY2024 55.47B HKD. Revenue FY2025 54.33B HKD. Operating income FY2021 17.35B HKD. Operating income FY2022 17.9B HKD. Operating income FY2023 18.1B HKD. Operating income FY2024 8.18B HKD. Operating income FY2025 8.13B HKD. Net income FY2021 5.13B HKD. Net income FY2022 5.36B HKD. Net income FY2023 6.18B HKD. Net income FY2024 5.71B HKD. Net income FY2025 5.69B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue54.33B HKD55.47B HKD56.97B HKD60.95B HKD53.56B HKD
Cost of goods sold41.35B HKD32.36B HKD35B HKD46.58B HKD39.54B HKD
Gross profit12.98B HKD23.11B HKD21.98B HKD14.38B HKD14.02B HKD
Research and development230M HKD
Selling, general, and administrative4.85B HKD14.93B HKD3.88B HKD5.77B HKD5.01B HKD
Operating expenses4.85B HKD14.93B HKD3.88B HKD5.85B HKD5.37B HKD
Interest income123M HKD209.7M HKD323.2M HKD205M HKD171M HKD
Interest expense1.97B HKD2.26B HKD2.21B HKD1.78B HKD1.41B HKD
Depreciation and amortization3.8B HKD3.57B HKD3.54B HKD3.53B HKD3.29B HKD
Operating income8.13B HKD8.18B HKD18.1B HKD17.9B HKD17.35B HKD
Net income5.69B HKD5.71B HKD6.18B HKD5.36B HKD5.13B HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 1 miss, 0 met estimates
Average EPS surprise
-1.85%
1 comparable report
Latest EPS result
0.19

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.230.190.140.09Q1 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Mar 17, 2023: actual 0.104, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 15, 2023: actual 0.194, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 0.132, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual 0.16, estimate 0.163, surprise -1.85%, Miss. Q1 2025, reported Mar 19, 2025: actual 0.143, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 20, 2025: actual 0.157, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual 0.15, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 18, 2026: actual 0.195, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates66.63B52.37B38.12B23.86BQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24BeatQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Mar 17, 2023: actual 31.23B HKD, estimate 63.68B HKD, surprise -50.95%, Miss. Q3 2023, reported Aug 15, 2023: actual 29.18B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 27.79B HKD, estimate 58.75B HKD, surprise -52.69%, Miss. Q3 2024, reported Aug 16, 2024: actual 27.5B HKD, estimate 27.43B HKD, surprise +0.24%, Beat. Q1 2025, reported Mar 19, 2025: actual 27.98B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 20, 2025: actual 27.51B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual 26.81B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 18, 2026: actual 29.51B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.35

2025 complete year0.0% since 2021

2026 partial: HK$0.12

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 3, 2026

HK$0.12

Semi-Annual

Record Sep 2, 2026 · Payment Sep 11, 2026

Dividend

Ex-dividend Sep 2, 2025

HK$0.12

Semi-Annual

Record Sep 3, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend Jun 6, 2025

HK$0.23

Semi-Annual

Record Jun 9, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Aug 29, 2024

HK$0.12

Semi-Annual

Record Aug 30, 2024 · Payment Sep 11, 2024

Dividend

Ex-dividend Jun 6, 2024

HK$0.23

Semi-Annual

Record Jun 7, 2024 · Payment Jun 24, 2024

Dividend

Ex-dividend Aug 28, 2023

HK$0.12

Semi-Annual

Record Aug 29, 2023 · Payment Sep 8, 2023

0003.HK peers

ETFs holding 0003.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research 0003.HK

research.disclaimer