TL Natural Gas Holdings Limited logo

TL Natural Gas Holdings Limited

8536.HK

HKSEUtilitiesRegulated Gas

Latest quote

HK$0.242

HK$0.00 · 0.00%

Aug 24, 3:21 PM HKT

8536.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

TL Natural Gas Holdings Limited, an investment holding company, sells compressed natural gas (CNG) and liquefied natural gas in China. The company distributes CNG to retail customers, such as vehicular end-users; and wholesale customers, including urban gas companies, gas refuelling station operators, and industrial users. It also offers digital marketing and automated car wash services, as well as CNG transmission services. The company was founded in 2007 and is headquartered in Jingzhou, China.

Industry
Regulated Gas
Sector
Utilities
Headquarters
CN
CEO
Yong Cheng Liu
Listed since
May 18, 2018
Employees
67

Market position

52-week range

Current HK$0.242

Open
HK$0.242
Previous close
HK$0.242
Volume
5K
0.05× average
Average volume
93.33K
Average daily volume
Market cap
51.43M HKD
Beta
0.12
Market reference 1
50-day average
HK$0.2108
+14.80% above average
200-day average
HK$0.2308
+4.83% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14.12M CNY
P/E (TTM)
-3.23×
P/B (TTM)
0.97×
P/S (TTM)
0.35×
EV / EBITDA
-3.22×
Earnings yield
-17.68%
Free cash flow yield
-8.02%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
6.95%
Operating margin
-10.03%
Net margin
-10.77%
Return on equity
-15.30%
Return on assets
-12.83%
Return on invested capital
-13.02%

Financial health

Debt / equity
0.03×
Current ratio
4.77×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%8%-13%-35%Gross margin, FY2021: -2.13%Gross margin, FY2022: 24.07%Gross margin, FY2023: 9.60%Gross margin, FY2024: 8.43%Gross margin, FY2025: 8.18%Operating margin, FY2021: -20.15%Operating margin, FY2022: 0.24%Operating margin, FY2023: -7.79%Operating margin, FY2024: -8.88%Operating margin, FY2025: -7.81%Net margin, FY2021: -18.26%Net margin, FY2022: -4.55%Net margin, FY2023: -29.54%Net margin, FY2024: -10.05%Net margin, FY2025: -8.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -2.13%. Gross margin FY2022 24.07%. Gross margin FY2023 9.60%. Gross margin FY2024 8.43%. Gross margin FY2025 8.18%. Operating margin FY2021 -20.15%. Operating margin FY2022 0.24%. Operating margin FY2023 -7.79%. Operating margin FY2024 -8.88%. Operating margin FY2025 -7.81%. Net margin FY2021 -18.26%. Net margin FY2022 -4.55%. Net margin FY2023 -29.54%. Net margin FY2024 -10.05%. Net margin FY2025 -8.94%.

Income trends

Revenue

86.59M CNY-10.06%

Operating income

−6.76M CNY+20.88%

Net income

−7.75M CNY+20.00%
Income trends across reported periods108.21M CNY60.49M CNY12.77M CNY−34.95M CNYRevenue, FY2021: 46.44M CNYRevenue, FY2022: 67.59M CNYRevenue, FY2023: 77.95M CNYRevenue, FY2024: 96.28M CNYRevenue, FY2025: 86.59M CNYOperating income, FY2021: −9.36M CNYOperating income, FY2022: 163K CNYOperating income, FY2023: −6.07M CNYOperating income, FY2024: −8.55M CNYOperating income, FY2025: −6.76M CNYNet income, FY2021: −8.48M CNYNet income, FY2022: −3.07M CNYNet income, FY2023: −23.02M CNYNet income, FY2024: −9.68M CNYNet income, FY2025: −7.75M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 46.44M CNY. Revenue FY2022 67.59M CNY. Revenue FY2023 77.95M CNY. Revenue FY2024 96.28M CNY. Revenue FY2025 86.59M CNY. Operating income FY2021 −9.36M CNY. Operating income FY2022 163K CNY. Operating income FY2023 −6.07M CNY. Operating income FY2024 −8.55M CNY. Operating income FY2025 −6.76M CNY. Net income FY2021 −8.48M CNY. Net income FY2022 −3.07M CNY. Net income FY2023 −23.02M CNY. Net income FY2024 −9.68M CNY. Net income FY2025 −7.75M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue86.59M CNY96.28M CNY77.95M CNY67.59M CNY46.44M CNY
Cost of goods sold79.51M CNY88.17M CNY70.47M CNY51.32M CNY47.42M CNY
Gross profit7.08M CNY8.12M CNY7.49M CNY16.27M CNY−988K CNY
Selling, general, and administrative13.51M CNY16.66M CNY13.63M CNY16.51M CNY9.05M CNY
Operating expenses13.84M CNY16.66M CNY13.56M CNY16.51M CNY8.37M CNY
Interest income136K CNY247K CNY382K CNY143K CNY361K CNY
Interest expense40K CNY45K CNY137K CNY199K CNY681K CNY
Depreciation and amortization2.38M CNY3.37M CNY2.78M CNY5.83M CNY6.64M CNY
Operating income−6.76M CNY−8.55M CNY−6.07M CNY163K CNY−9.36M CNY
Net income−7.75M CNY−9.68M CNY−23.02M CNY−3.07M CNY−8.48M CNY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0-0.06-0.11-0.16Q4 '23Q4 '23Q1 '24Q3 '24Q4 '24Q4 '24Q1 '25Q2 '25
Q4 2023, reported Nov 10, 2023: actual -0.004, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual -0.122, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual -0.013, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual -0.013, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 9, 2024: actual -0.016, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual -0.015, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual -0.008, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 20, 2025: actual -0.008, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates30M26.98M23.96M20.94MQ4 '23Q4 '23Q1 '24Q3 '24Q4 '24Q4 '24Q1 '25Q2 '25
Q4 2023, reported Nov 10, 2023: actual 22.09M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 28.85M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 24.03M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual 23.85M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 9, 2024: actual 28.69M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 27.58M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 22.88M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 20, 2025: actual 23.46M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jul 20, 2021

1:4

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