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China Resources Gas Group Limited logo

China Resources Gas Group Limited

1193.HK

HKSEUtilitiesRegulated Gas

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Latest quote

HK$16.07

−HK$0.13 · -0.80%

Aug 24, 1:47 PM HKT

1193.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Resources Gas Group Limited, an investment holding company, engages in the sale of natural and liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments. The Sale and Distribution of Gas Fuel and Related Products segment sells natural gas and liquefied petroleum gas for residential, commercial, and industrial use. The Gas Connection segment engages in the construction of gas pipeline networks under gas connection contracts. The Comprehensive Services segment sells gas appliances and related products. The Design and Construction Services segment provides design, construction, consultancy, and management services for gas connection projects. The Gas Stations segment engages in the sale of gas fuel in natural gas filling stations. The company was incorporated in 1994 and is based in Wan Chai, Hong Kong. China Resources Gas Group Limited is a subsidiary of CRH (Gas) Limited.

Industry
Regulated Gas
Sector
Utilities
Headquarters
HK
CEO
Qin Yan
Listed since
Feb 5, 2001
Employees
55,928

Market position

Day range

Current HK$16.07

52-week range

Current HK$16.07

Open
HK$16.25
Previous close
HK$16.20
Volume
1.12M
0.29× average
Average volume
3.88M
Average daily volume
Market cap
36.2B HKD
Beta
0.72
Market reference 1
50-day average
HK$15.792
+1.76% above average
200-day average
HK$19.3927
-17.13% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
68.08B HKD
P/E (TTM)
10.37×
P/B (TTM)
0.84×
P/S (TTM)
0.37×
EV / EBITDA
6.95×
Earnings yield
6.85%
Free cash flow yield
5.91%
Dividend yield
5.91%

Profitability & efficiency

Gross margin
17.82%
Operating margin
5.97%
Net margin
3.63%
Return on equity
8.03%
Return on assets
2.60%
Return on invested capital
4.39%

Financial health

Debt / equity
0.55×
Current ratio
0.54×
Altman Z-score
2.2
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%18%10%2%Gross margin, FY2021: 23.98%Gross margin, FY2022: 19.05%Gross margin, FY2023: 18.22%Gross margin, FY2024: 17.78%Gross margin, FY2025: 17.82%Operating margin, FY2021: 12.08%Operating margin, FY2022: 8.40%Operating margin, FY2023: 6.88%Operating margin, FY2024: 6.36%Operating margin, FY2025: 5.91%Net margin, FY2021: 8.03%Net margin, FY2022: 5.02%Net margin, FY2023: 5.16%Net margin, FY2024: 3.98%Net margin, FY2025: 3.63%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.98%. Gross margin FY2022 19.05%. Gross margin FY2023 18.22%. Gross margin FY2024 17.78%. Gross margin FY2025 17.82%. Operating margin FY2021 12.08%. Operating margin FY2022 8.40%. Operating margin FY2023 6.88%. Operating margin FY2024 6.36%. Operating margin FY2025 5.91%. Net margin FY2021 8.03%. Net margin FY2022 5.02%. Net margin FY2023 5.16%. Net margin FY2024 3.98%. Net margin FY2025 3.63%.

Income trends

Revenue

97.73B HKD-4.81%

Operating income

5.78B HKD-11.51%

Net income

3.55B HKD-13.24%
Income trends across reported periods112.59B HKD72.94B HKD33.29B HKD−6.37B HKDRevenue, FY2021: 79.64B HKDRevenue, FY2022: 94.34B HKDRevenue, FY2023: 101.27B HKDRevenue, FY2024: 102.68B HKDRevenue, FY2025: 97.73B HKDOperating income, FY2021: 9.62B HKDOperating income, FY2022: 7.92B HKDOperating income, FY2023: 6.97B HKDOperating income, FY2024: 6.53B HKDOperating income, FY2025: 5.78B HKDNet income, FY2021: 6.4B HKDNet income, FY2022: 4.73B HKDNet income, FY2023: 5.22B HKDNet income, FY2024: 4.09B HKDNet income, FY2025: 3.55B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 79.64B HKD. Revenue FY2022 94.34B HKD. Revenue FY2023 101.27B HKD. Revenue FY2024 102.68B HKD. Revenue FY2025 97.73B HKD. Operating income FY2021 9.62B HKD. Operating income FY2022 7.92B HKD. Operating income FY2023 6.97B HKD. Operating income FY2024 6.53B HKD. Operating income FY2025 5.78B HKD. Net income FY2021 6.4B HKD. Net income FY2022 4.73B HKD. Net income FY2023 5.22B HKD. Net income FY2024 4.09B HKD. Net income FY2025 3.55B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue97.73B HKD102.68B HKD101.27B HKD94.34B HKD79.64B HKD
Cost of goods sold80.31B HKD84.42B HKD82.82B HKD76.37B HKD60.54B HKD
Gross profit17.42B HKD18.26B HKD18.45B HKD17.97B HKD19.1B HKD
Selling, general, and administrative11.27B HKD11.44B HKD11.35B HKD10.19B HKD9.58B HKD
Operating expenses11.59B HKD11.73B HKD11.08B HKD10.05B HKD9.48B HKD
Interest income186.88M HKD308.42M HKD381.02M HKD242.79M HKD329.32M HKD
Interest expense638.73M HKD740.39M HKD940.93M HKD557.02M HKD382.38M HKD
Depreciation and amortization4.01B HKD3.65B HKD4.06B HKD3.35B HKD2.66B HKD
Operating income5.78B HKD6.53B HKD6.97B HKD7.92B HKD9.62B HKD
Net income3.55B HKD4.09B HKD5.22B HKD4.73B HKD6.4B HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
4 beats, 4 misses, 0 met estimates
Average EPS surprise
-15.38%
8 comparable reports
Latest EPS result
0.5

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.661.190.710.24Q2 '22MissQ2 '23MissQ4 '23BeatQ2 '24MissQ3 '24No estimateQ2 '25MissQ3 '25No estimateQ1 '26No estimate
Q2 2022, reported Jun 30, 2022: actual 1.34, estimate 1.36, surprise -1.47%, Miss. Q2 2023, reported Apr 28, 2023: actual 0.744, estimate 1.45, surprise -48.69%, Miss. Q4 2023, reported Oct 27, 2023: actual 1.56, estimate 1.41, surprise +10.64%, Beat. Q2 2024, reported Apr 29, 2024: actual 0.74, estimate 1.1, surprise -32.73%, Miss. Q3 2024, reported Aug 30, 2024: actual 1.52, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 24, 2025: actual 0.278, estimate 0.96, surprise -71.00%, Miss. Q3 2025, reported Aug 28, 2025: actual 1.04, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.5, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates55.02B51.39B47.75B44.12BQ2 '23MissQ4 '23MissQ2 '24BeatQ3 '24No estimateQ2 '25BeatQ3 '25No estimateQ1 '26BeatQ3 '26Estimate
Q2 2023, reported Apr 28, 2023: actual 46.24B HKD, estimate 50.23B HKD, surprise -7.94%, Miss. Q4 2023, reported Oct 27, 2023: actual 48.37B HKD, estimate 48.4B HKD, surprise -0.07%, Miss. Q2 2024, reported Apr 29, 2024: actual 52.9B HKD, estimate 50.01B HKD, surprise +5.78%, Beat. Q3 2024, reported Aug 30, 2024: actual 52.08B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 24, 2025: actual 50.6B HKD, estimate 48.43B HKD, surprise +4.49%, Beat. Q3 2025, reported Aug 28, 2025: actual 49.79B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 47.95B HKD, estimate 47.95B HKD, surprise +0.00%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 47.88B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$1.00

2025 complete year+7.5% since 2021

2026 partial: HK$0.65

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 1, 2026

HK$0.65

Semi-Annual

Record Jun 2, 2026 · Payment Jul 21, 2026

Dividend

Ex-dividend Sep 10, 2025

HK$0.30

Semi-Annual

Record Sep 11, 2025 · Payment Oct 31, 2025

Dividend

Ex-dividend May 30, 2025

HK$0.70

Semi-Annual

Record Jun 2, 2025 · Payment Jul 18, 2025

Dividend

Ex-dividend Sep 12, 2024

HK$0.25

Semi-Annual

Record Sep 13, 2024 · Payment Nov 4, 2024

Dividend

Ex-dividend May 28, 2024

HK$1.0069

Semi-Annual

Record May 30, 2024 · Payment Jul 17, 2024

Dividend

Ex-dividend Sep 7, 2023

HK$0.15

Semi-Annual

Record Sep 8, 2023 · Payment Oct 27, 2023

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ETFs holding 1193.HK

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

Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
27.49M
Weight
0.02%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
27.48M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
19.29M
Weight
0.01%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
5.37M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
4.76M
Weight
0.02%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$67.12+0.75%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
4.64M
Weight
0.07%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$55.66+0.27%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
3.42M
Weight
0.04%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
Vanguard International High Dividend Yield ETF logoVanguard International High Dividend Yield ETFVYMI
Market value
2.55M
Weight
0.01%
AUM
21.9B USD
Expense ratio
0.07%
Price / 1D
$105.25+1.02%

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