China Gas Industry Investment Holdings Co. Ltd. logo

China Gas Industry Investment Holdings Co. Ltd.

1940.HK

HKSEUtilitiesRegulated Gas

Latest quote

HK$1.20

+HK$0.09 · +8.11%

Aug 24, 11:48 AM HKT

1940.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Gas Industry Investment Holdings Co., Ltd. functions as an investment holding firm primarily engaged in the manufacturing and distribution of industrial gases throughout the People's Republic of China. The company's product line encompasses vital gases like oxygen, nitrogen, argon, hydrogen, and carbon dioxide. Its main operations involve supplying industrial gases via pipelines and delivering liquefied industrial gas (LNG) using road tankers to independent third-party clients located off-site. Additionally, the company is involved in broader LNG-related activities, including gas transmission services and the operation of an LNG filling station for automobiles. They also undertake the construction of industrial gas infrastructure projects. Their diverse customer base spans various sectors, such as medical, marine, engineering, solar energy, food processing, and automotive industries. Founded in 2004, the company's headquarters are situated in Tangshan, China.

Industry
Regulated Gas
Sector
Utilities
Headquarters
CN
CEO
Libing Li
Listed since
Dec 29, 2020
Employees
309

Market position

Day range

Current HK$1.20

52-week range

Current HK$1.20

Open
HK$1.11
Previous close
HK$1.11
Volume
72K
0.21× average
Average volume
337.61K
Average daily volume
Market cap
1.44B HKD
Beta
1.69
Market reference 1
50-day average
HK$1.0612
+13.08% above average
200-day average
HK$1.16
+3.45% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.1B CNY
P/E (TTM)
7.97×
P/B (TTM)
0.69×
P/S (TTM)
0.81×
EV / EBITDA
3.08×
Earnings yield
15.69%
Free cash flow yield
13.35%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.78%
Operating margin
16.51%
Net margin
10.22%
Return on equity
8.47%
Return on assets
6.22%
Return on invested capital
8.67%

Financial health

Debt / equity
0.15×
Current ratio
2.17×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%16%6%-5%Gross margin, FY2021: 20.52%Gross margin, FY2022: 23.07%Gross margin, FY2023: 22.27%Gross margin, FY2024: 24.00%Gross margin, FY2025: 22.77%Operating margin, FY2021: 3.49%Operating margin, FY2022: 12.62%Operating margin, FY2023: 11.70%Operating margin, FY2024: 13.55%Operating margin, FY2025: 16.10%Net margin, FY2021: -2.22%Net margin, FY2022: 7.61%Net margin, FY2023: 8.59%Net margin, FY2024: 9.90%Net margin, FY2025: 10.22%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.52%. Gross margin FY2022 23.07%. Gross margin FY2023 22.27%. Gross margin FY2024 24.00%. Gross margin FY2025 22.77%. Operating margin FY2021 3.49%. Operating margin FY2022 12.62%. Operating margin FY2023 11.70%. Operating margin FY2024 13.55%. Operating margin FY2025 16.10%. Net margin FY2021 -2.22%. Net margin FY2022 7.61%. Net margin FY2023 8.59%. Net margin FY2024 9.90%. Net margin FY2025 10.22%.

Income trends

Revenue

1.49B CNY+13.39%

Operating income

239.87M CNY+34.81%

Net income

152.22M CNY+17.05%
Income trends across reported periods1.64B CNY1.04B CNY428.57M CNY−178.61M CNYRevenue, FY2021: 1.21B CNYRevenue, FY2022: 1.48B CNYRevenue, FY2023: 1.49B CNYRevenue, FY2024: 1.31B CNYRevenue, FY2025: 1.49B CNYOperating income, FY2021: 42.17M CNYOperating income, FY2022: 187.04M CNYOperating income, FY2023: 174.48M CNYOperating income, FY2024: 177.93M CNYOperating income, FY2025: 239.87M CNYNet income, FY2021: −26.82M CNYNet income, FY2022: 112.74M CNYNet income, FY2023: 128.08M CNYNet income, FY2024: 130.05M CNYNet income, FY2025: 152.22M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.21B CNY. Revenue FY2022 1.48B CNY. Revenue FY2023 1.49B CNY. Revenue FY2024 1.31B CNY. Revenue FY2025 1.49B CNY. Operating income FY2021 42.17M CNY. Operating income FY2022 187.04M CNY. Operating income FY2023 174.48M CNY. Operating income FY2024 177.93M CNY. Operating income FY2025 239.87M CNY. Net income FY2021 −26.82M CNY. Net income FY2022 112.74M CNY. Net income FY2023 128.08M CNY. Net income FY2024 130.05M CNY. Net income FY2025 152.22M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.49B CNY1.31B CNY1.49B CNY1.48B CNY1.21B CNY
Cost of goods sold1.15B CNY998.36M CNY1.16B CNY1.14B CNY961.13M CNY
Gross profit339.22M CNY315.25M CNY332.1M CNY341.85M CNY248.14M CNY
Research and development71.36M CNY66.25M CNY73.6M CNY75.34M CNY51.5M CNY
Selling, general, and administrative27.98M CNY49.6M CNY56.28M CNY84.18M CNY97.42M CNY
Operating expenses99.35M CNY137.32M CNY157.62M CNY154.81M CNY205.97M CNY
Interest income1.92M CNY2.08M CNY3.93M CNY1.44M CNY1.79M CNY
Interest expense14.51M CNY20.55M CNY25.65M CNY27.46M CNY29.84M CNY
Depreciation and amortization116.55M CNY130.37M CNY132.32M CNY126.37M CNY116.99M CNY
Operating income239.87M CNY177.93M CNY174.48M CNY187.04M CNY42.17M CNY
Net income152.22M CNY130.05M CNY128.08M CNY112.74M CNY−26.82M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.07

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.110.080.040.01Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25
Q4 2021, reported Dec 31, 2021: actual 0.013, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual 0.041, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual 0.067, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 0.063, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 25, 2024: actual 0.054, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 0.046, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 0.069, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 5, 2025: actual 0.068, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1B883.95M766.78M649.6MQ4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25
Q4 2021, reported Dec 31, 2021: actual 757.76M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual 745.05M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual 962.62M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 765.73M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 25, 2024: actual 866.71M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 688.11M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 715.79M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 5, 2025: actual 767.9M HKD, estimate —, surprise —, Comparison unavailable.

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