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Beijing Enterprises Holdings Ltd. logo

Beijing Enterprises Holdings Ltd.

0392.HK

HKSEUtilitiesRegulated Gas

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Latest quote

HK$30.96

−HK$0.12 · -0.39%

Aug 24, 11:00 AM HKT

0392.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Beijing Enterprises Holdings Ltd. is an investment holding company, which engages in natural gas, beer, water-related services, water treatment and other-related businesses. It operates through the following segments: Gas Operation, Water Operation, Environmental Operation, Brewery Operation, and Corporate and Others. The Gas Operation segment is involved in the distribution and sale of piped natural gas and gas related equipment. The Water Operation segment refers to the construction of sewage and water treatment plants and other infrastructural facilities. The Environmental Operation offers waste incineration plant construction, waste treatment services, and sale of electricity. The Brewery Operation segment produces, distributes and sells brewery products. The Corporate and Others segment pertains to consultation services, property investment and corporate income and expense items. The company was founded in 1997 and is headquartered in Hong Kong.

Industry
Regulated Gas
Sector
Utilities
Headquarters
HK
CEO
Bin Xiong
Listed since
Sep 29, 2005
Employees
34,000

Market position

Day range

Current HK$30.96

52-week range

Current HK$30.96

Open
HK$31.08
Previous close
HK$31.08
Volume
474.5K
0.31× average
Average volume
1.56M
Average daily volume
Market cap
38.95B HKD
Beta
0.6
Market reference 1
50-day average
HK$29.8268
+3.80% above average
200-day average
HK$32.3156
-4.19% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
93.85B HKD
P/E (TTM)
7×
P/B (TTM)
0.39×
P/S (TTM)
0.4×
EV / EBITDA
12.89×
Earnings yield
14.06%
Free cash flow yield
4.64%
Dividend yield
5.23%

Profitability & efficiency

Gross margin
13.66%
Operating margin
1.90%
Net margin
5.78%
Return on equity
5.67%
Return on assets
2.35%
Return on invested capital
0.76%

Financial health

Debt / equity
0.89×
Current ratio
0.89×
Altman Z-score
1.32
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends15%10%5%-0%Gross margin, FY2021: 13.76%Gross margin, FY2022: 11.74%Gross margin, FY2023: 13.03%Gross margin, FY2024: 13.60%Gross margin, FY2025: 13.67%Operating margin, FY2021: 4.55%Operating margin, FY2022: 3.81%Operating margin, FY2023: 0.88%Operating margin, FY2024: 1.69%Operating margin, FY2025: 1.93%Net margin, FY2021: 12.32%Net margin, FY2022: 8.04%Net margin, FY2023: 6.69%Net margin, FY2024: 6.09%Net margin, FY2025: 5.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.76%. Gross margin FY2022 11.74%. Gross margin FY2023 13.03%. Gross margin FY2024 13.60%. Gross margin FY2025 13.67%. Operating margin FY2021 4.55%. Operating margin FY2022 3.81%. Operating margin FY2023 0.88%. Operating margin FY2024 1.69%. Operating margin FY2025 1.93%. Net margin FY2021 12.32%. Net margin FY2022 8.04%. Net margin FY2023 6.69%. Net margin FY2024 6.09%. Net margin FY2025 5.80%.

Income trends

Revenue

97.08B HKD+8.55%

Operating income

1.88B HKD+23.92%

Net income

5.63B HKD+3.24%
Income trends across reported periods106.71B HKD68.17B HKD29.63B HKD−8.91B HKDRevenue, FY2021: 65.71B HKDRevenue, FY2022: 81.05B HKDRevenue, FY2023: 82B HKDRevenue, FY2024: 89.43B HKDRevenue, FY2025: 97.08B HKDOperating income, FY2021: 2.99B HKDOperating income, FY2022: 3.09B HKDOperating income, FY2023: 722.91M HKDOperating income, FY2024: 1.51B HKDOperating income, FY2025: 1.88B HKDNet income, FY2021: 8.09B HKDNet income, FY2022: 6.51B HKDNet income, FY2023: 5.49B HKDNet income, FY2024: 5.45B HKDNet income, FY2025: 5.63B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 65.71B HKD. Revenue FY2022 81.05B HKD. Revenue FY2023 82B HKD. Revenue FY2024 89.43B HKD. Revenue FY2025 97.08B HKD. Operating income FY2021 2.99B HKD. Operating income FY2022 3.09B HKD. Operating income FY2023 722.91M HKD. Operating income FY2024 1.51B HKD. Operating income FY2025 1.88B HKD. Net income FY2021 8.09B HKD. Net income FY2022 6.51B HKD. Net income FY2023 5.49B HKD. Net income FY2024 5.45B HKD. Net income FY2025 5.63B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue97.08B HKD89.43B HKD82B HKD81.05B HKD65.71B HKD
Cost of goods sold83.8B HKD77.29B HKD71.46B HKD71.53B HKD56.66B HKD
Gross profit13.27B HKD12.16B HKD10.69B HKD9.52B HKD9.04B HKD
Research and development1.99B HKD2.1B HKD1.72B HKD2.03B HKD1.15B HKD
Selling, general, and administrative9.41B HKD8.54B HKD8.27B HKD6.65B HKD5.72B HKD
Operating expenses11.4B HKD10.64B HKD9.97B HKD6.42B HKD6.05B HKD
Interest income768.64M HKD1.1B HKD890.08M HKD639.62M HKD595.88M HKD
Interest expense2.46B HKD2.5B HKD2.64B HKD1.82B HKD1.46B HKD
Depreciation and amortization4.61B HKD4.52B HKD4.15B HKD4.04B HKD4.28B HKD
Operating income1.88B HKD1.51B HKD722.91M HKD3.09B HKD2.99B HKD
Net income5.63B HKD5.45B HKD5.49B HKD6.51B HKD8.09B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
1.46

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates4.263.031.80.57Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 3.99, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 2.02, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 3.69, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.674, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 2.69, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 1.67, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 2.95, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 1.46, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates101.06B77.03B53B28.98BQ2 '22No estimateQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q2 2022, reported Jun 30, 2022: actual 45.99B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 46.31B HKD, estimate 96.08B HKD, surprise -51.81%, Miss. Q3 2023, reported Aug 30, 2023: actual 48.36B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 33.95B HKD, estimate 92.9B HKD, surprise -63.46%, Miss. Q3 2024, reported Aug 29, 2024: actual 45.48B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 44.41B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 48.79B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 47.52B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$1.62

2025 complete year+42.1% since 2021

2026 partial: HK$0.77

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 2, 2026

HK$0.77

Semi-Annual

Record Jun 3, 2026 · Payment Aug 7, 2026

Dividend

Ex-dividend Sep 10, 2025

HK$0.85

Semi-Annual

Record Sep 11, 2025 · Payment Oct 31, 2025

Dividend

Ex-dividend Jun 11, 2025

HK$0.77

Semi-Annual

Record Jun 12, 2025 · Payment Aug 8, 2025

Dividend

Ex-dividend Sep 11, 2024

HK$0.85

Semi-Annual

Record Sep 12, 2024 · Payment Nov 1, 2024

Dividend

Ex-dividend Jun 11, 2024

HK$0.67

Semi-Annual

Record Jun 12, 2024 · Payment Aug 9, 2024

Dividend

Ex-dividend Sep 22, 2023

HK$0.93

Semi-Annual

Record Sep 25, 2023 · Payment Oct 27, 2023

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