China Gas Holdings Limited logo

China Gas Holdings Limited

0384.HK

HKSEUtilitiesRegulated Gas

Latest quote

HK$5.85

−HK$0.085 · -1.43%

Aug 24, 4:08 PM HKT

0384.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Gas Holdings Limited operates as a leading gas utility and service provider across the People's Republic of China. The company's core activities involve the investment, construction, operation, and maintenance of comprehensive urban and regional gas pipeline networks, alongside gas terminals, storage, and transportation facilities, and integrated gas logistics systems. It delivers both natural gas and liquefied petroleum gas (LPG) to a wide array of residential, industrial, and commercial customers. Furthermore, China Gas builds and manages compressed natural gas (CNG) and liquefied natural gas (LNG) refueling stations. Beyond infrastructure, the company is engaged in developing technologies pertinent to natural gas and LPG. Its scope extends to investing in petrochemical storage and transport facilities, as well as the production and warehousing of LPG and chemical products such as propane and butane. The firm also participates in the exploration and production of coal bed methane (CBM) and offers administrative, management, and consultancy services for gas stations. Complementing its primary gas business, China Gas provides treasury, management, consultancy, and procurement services. It markets smart home solutions, functions as a gas insurance broker, and sells "Gasbo" brand gas heaters and kitchen appliances. The company is committed to clean energy development and investment, actively engages in the wholesale and trading of natural gas and liquefied natural gas, and sells electricity. Its product portfolio further includes gas meters, pressure regulators, corrugated pipes, gas alarms, and bottled gas. Additionally, the company is involved in the wholesale and retail of general household equipment, electric appliances, and kitchen appliances. As of March 31, 2022, China Gas served 19,808 industrial, 297,664 commercial, and an impressive 43,095,245 residential customers. At the same date, it managed a network of 533 CNG/LNG refilling stations. Incorporated in 1995, the company is headquartered in Wan Chai, Hong Kong.

Industry
Regulated Gas
Sector
Utilities
Headquarters
HK
CEO
Ming Hui Liu
Listed since
Oct 20, 1995
Employees
70,000

Market position

Day range

Current HK$5.85

52-week range

Current HK$5.85

Open
HK$5.965
Previous close
HK$5.935
Volume
16.63M
1.28× average
Average volume
12.97M
Average daily volume
Market cap
31.87B HKD
Beta
1.14
Market reference 1
50-day average
HK$5.8445
+0.09% above average
200-day average
HK$7.2624
-19.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
92.72B HKD
P/E (TTM)
11.47×
P/B (TTM)
0.55×
P/S (TTM)
0.43×
EV / EBITDA
10.47×
Earnings yield
7.05%
Free cash flow yield
3.53%
Dividend yield
8.55%

Profitability & efficiency

Gross margin
14.78%
Operating margin
7.70%
Net margin
3.69%
Return on equity
4.76%
Return on assets
1.72%
Return on invested capital
3.18%

Financial health

Debt / equity
1.16×
Current ratio
0.91×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%14%8%2%Gross margin, FY2022: 17.84%Gross margin, FY2023: 13.08%Gross margin, FY2024: 13.89%Gross margin, FY2025: 14.21%Gross margin, FY2026: 14.78%Operating margin, FY2022: 11.10%Operating margin, FY2023: 6.56%Operating margin, FY2024: 6.87%Operating margin, FY2025: 7.74%Operating margin, FY2026: 7.70%Net margin, FY2022: 8.68%Net margin, FY2023: 4.67%Net margin, FY2024: 3.91%Net margin, FY2025: 4.10%Net margin, FY2026: 3.69%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 17.84%. Gross margin FY2023 13.08%. Gross margin FY2024 13.89%. Gross margin FY2025 14.21%. Gross margin FY2026 14.78%. Operating margin FY2022 11.10%. Operating margin FY2023 6.56%. Operating margin FY2024 6.87%. Operating margin FY2025 7.74%. Operating margin FY2026 7.70%. Net margin FY2022 8.68%. Net margin FY2023 4.67%. Net margin FY2024 3.91%. Net margin FY2025 4.10%. Net margin FY2026 3.69%.

Income trends

Revenue

73.6B HKD-7.13%

Operating income

5.67B HKD-7.54%

Net income

2.72B HKD-16.38%
Income trends across reported periods100.92B HKD65.21B HKD29.5B HKD−6.21B HKDRevenue, FY2022: 88.23B HKDRevenue, FY2023: 91.99B HKDRevenue, FY2024: 81.41B HKDRevenue, FY2025: 79.26B HKDRevenue, FY2026: 73.6B HKDOperating income, FY2022: 9.79B HKDOperating income, FY2023: 6.03B HKDOperating income, FY2024: 5.59B HKDOperating income, FY2025: 6.13B HKDOperating income, FY2026: 5.67B HKDNet income, FY2022: 7.66B HKDNet income, FY2023: 4.29B HKDNet income, FY2024: 3.18B HKDNet income, FY2025: 3.25B HKDNet income, FY2026: 2.72B HKDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 88.23B HKD. Revenue FY2023 91.99B HKD. Revenue FY2024 81.41B HKD. Revenue FY2025 79.26B HKD. Revenue FY2026 73.6B HKD. Operating income FY2022 9.79B HKD. Operating income FY2023 6.03B HKD. Operating income FY2024 5.59B HKD. Operating income FY2025 6.13B HKD. Operating income FY2026 5.67B HKD. Net income FY2022 7.66B HKD. Net income FY2023 4.29B HKD. Net income FY2024 3.18B HKD. Net income FY2025 3.25B HKD. Net income FY2026 2.72B HKD.
Metric (HKD)FY2026FY2025FY2024FY2023FY2022
Revenue73.6B HKD79.26B HKD81.41B HKD91.99B HKD88.23B HKD
Cost of goods sold62.72B HKD67.99B HKD70.11B HKD79.95B HKD72.49B HKD
Gross profit10.88B HKD11.26B HKD11.3B HKD12.03B HKD15.74B HKD
Selling, general, and administrative5.21B HKD5.55B HKD5.71B HKD6.07B HKD5.83B HKD
Operating expenses5.21B HKD5.13B HKD5.34B HKD6B HKD5.95B HKD
Interest income214.79M HKD381.33M HKD301.29M HKD282.6M HKD
Interest expense1.68B HKD1.8B HKD2.12B HKD1.86B HKD1.46B HKD
Depreciation and amortization3.19B HKD3.02B HKD2.91B HKD2.81B HKD2.59B HKD
Operating income5.67B HKD6.13B HKD5.59B HKD6.03B HKD9.79B HKD
Net income2.72B HKD3.25B HKD3.18B HKD4.29B HKD7.66B HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 7 misses, 1 met estimate
Average EPS surprise
-15.22%
8 comparable reports
Latest EPS result
0.25
Estimate 0.25 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.690.520.340.17Q4 '22MissQ2 '23MissQ4 '23No estimateQ2 '24No estimateQ4 '24MissQ2 '25MissQ4 '25No estimateQ2 '26Met
Q4 2022, reported Nov 25, 2022: actual 0.599, estimate 0.65, surprise -7.85%, Miss. Q2 2023, reported Jun 26, 2023: actual 0.2, estimate 0.45, surprise -55.56%, Miss. Q4 2023, reported Nov 27, 2023: actual 0.339, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 24, 2024: actual 0.25, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 29, 2024: actual 0.327, estimate 0.33, surprise -0.88%, Miss. Q2 2025, reported Jun 26, 2025: actual 0.27, estimate 0.32, surprise -15.62%, Miss. Q4 2025, reported Nov 28, 2025: actual 0.247, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 26, 2026: actual 0.25, estimate 0.25, surprise 0.00%, Met estimate.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates104.15B79.21B54.27B29.32BQ4 '22MissQ2 '23MissQ4 '23MissQ2 '24MissQ4 '24BeatQ2 '25BeatQ4 '25No estimateQ2 '26Met
Q4 2022, reported Nov 25, 2022: actual 42.98B HKD, estimate 48.02B HKD, surprise -10.50%, Miss. Q2 2023, reported Jun 26, 2023: actual 49.01B HKD, estimate 98.99B HKD, surprise -50.49%, Miss. Q4 2023, reported Nov 27, 2023: actual 35.94B HKD, estimate 42.49B HKD, surprise -15.42%, Miss. Q2 2024, reported Jun 24, 2024: actual 45.36B HKD, estimate 86.52B HKD, surprise -47.57%, Miss. Q4 2024, reported Nov 29, 2024: actual 35.13B HKD, estimate 35.11B HKD, surprise +0.07%, Beat. Q2 2025, reported Jun 26, 2025: actual 44.15B HKD, estimate 43.68B HKD, surprise +1.09%, Beat. Q4 2025, reported Nov 28, 2025: actual 34.48B HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 26, 2026: actual 39.12B HKD, estimate 39.12B HKD, surprise 0.00%, Met estimate.

Corporate actions

Annual dividends per share

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

HK$0.50

2025 complete year-9.1% since 2021

2026 partial: HK$0.15

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 25, 2026

HK$0.20

Semi-Annual

Record Aug 26, 2026 · Payment Oct 2, 2026

Dividend

Ex-dividend Jan 5, 2026

HK$0.15

Semi-Annual

Record Jan 6, 2026 · Payment Feb 6, 2026

Dividend

Ex-dividend Aug 25, 2025

HK$0.35

Semi-Annual

Record Aug 26, 2025 · Payment Oct 9, 2025

Dividend

Ex-dividend Jan 6, 2025

HK$0.15

Semi-Annual

Record Jan 7, 2025 · Payment Feb 18, 2025

Dividend

Ex-dividend Aug 23, 2024

HK$0.35

Semi-Annual

Record Aug 26, 2024 · Payment Oct 4, 2024

Dividend

Ex-dividend Jan 4, 2024

HK$0.15

Semi-Annual

Record Jan 5, 2024 · Payment Feb 2, 2024

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