China Resources Gas Stocks and Investment Analysis

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China Resources Gas is a leading gas supplier in China, with a strong presence in the country's gas market. The company has a history dating back to 2003.

The company's primary business is to supply gas to residential, commercial, and industrial customers. Its services include gas sales, gas storage, and gas transportation.

China Resources Gas operates a large network of gas pipelines and storage facilities across China, with a total length of over 100,000 kilometers. This extensive network enables the company to efficiently deliver gas to its customers.

The company's investment in gas infrastructure has been significant, with a total investment of over $10 billion in recent years.

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Financials

China Resources Gas has seen significant growth in its financials over the past year. The company's revenue reached RMB 37.3 billion in 2022, a 12.8% increase from 2021.

The company's net profit also saw a substantial jump, rising to RMB 2.45 billion in 2022, a 15.9% increase from the previous year. This growth is a testament to the company's expanding operations and increasing efficiency.

Here are some key financial metrics for China Resources Gas:

The company's dividend payout ratio has remained relatively stable at around 30%, making it an attractive option for income-focused investors.

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Key Financial Metrics

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In 2022, CR Gas saw a significant increase in revenue, reaching RMB 37.3 billion, a 12.8% jump from 2021's RMB 33.1 billion.

The company's net profit also grew, reaching RMB 2.45 billion in 2022, up 15.9% from 2021's RMB 2.11 billion.

Here are the key financial metrics for CR Gas in 2022:

CR Gas's dividend payout ratio remained steady at around 30%, which may be attractive to income-focused investors.

Sales by Activity

Sales by Activity is a crucial aspect of a company's financials, and China Resources Gas Group Limited is no exception. The company's sales have been steadily increasing over the years.

One of the main drivers of this growth is the Sale and Distribution of Gas Fuel and Related Products (Excl. Gas Stations), which saw a significant increase from 41.85 billion in 2020 to 85.57 billion in 2024.

The company's Comprehensive Services also experienced a substantial boost, rising from 373 million in 2020 to 4.21 billion in 2024.

Here's a breakdown of the company's sales by activity over the years:

The company's other activities, such as Gas Connection and Gas Stations, have also seen some growth, but at a slower pace.

Quotes and Performance

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Credit: pexels.com, A traditional Chinese boat sails on the Yangtze River under a modern bridge in an urban cityscape.

Let's take a closer look at the quotes and performance of this investment.

Over the past 1 day, the investment has seen a gain of +1.54%.

Looking at the bigger picture, the current month has been a tough one, with the investment down by -1.10%.

In contrast, the 1-month performance is a bit more positive, with a loss of only -0.50%.

However, the 6-month performance is a different story altogether, with a significant loss of -14.66%.

The current year has also been particularly challenging, with the investment down by -35.61%.

Etfs

ETFs are a type of investment that can be a great way to diversify your portfolio. The weight of different ETFs can vary, with some having a significant impact on your overall investment.

The Hartford Multifactor Emerging Markets ETF has a weight of 0.36% and has seen a significant increase in value, with a 21.81% change on January 1st.

ETFs also come with different levels of risk, as seen with the Leverage Shares -3X Short China ETP Securities, which has a weight of 0.17% and has not seen any change in value.

Check this out: Natural Gas Etfs

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Some ETFs have a significant amount of assets under management (AuM), with the Hartford Multifactor Emerging Markets ETF having 30 million Euros in AuM.

Here is a brief comparison of the ETFs mentioned:

Ownership and Management

China Resources Gas has a robust ownership structure, with state-owned enterprises and institutional investors holding significant stakes. The major shareholder is China Resources (Holdings) Company Limited, which owns approximately 58.57% of the issued share capital of CR Gas.

China Resources (Holdings) is a state-owned enterprise under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC). This provides a strong backing for CR Gas's operations and growth.

The company also has other institutional investors holding substantial stakes, including BlackRock, Inc. (5.25%), China Life Insurance Company (3.19%), and HSBC Holdings PLC (2.50%). These investors contribute to the company's solid financial performance, with revenue of HKD 15.34 billion and net profit attributable to shareholders of HKD 1.88 billion in the first half of 2023.

Who Owns

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China Resources Gas Group Limited has a complex ownership structure, but one thing is clear: state-owned enterprises play a significant role. China Resources (Holdings) Company Limited, a state-owned enterprise, is the major shareholder, owning approximately 58.57% of the issued share capital.

BlackRock, Inc. is another significant institutional investor, holding around 5.25% of the company's shares. China Life Insurance Company and HSBC Holdings PLC also hold substantial stakes, with 3.19% and 2.50% respectively.

The ownership structure of China Resources Gas Group Limited is a key factor in its success. The company operates under a complex corporate structure with numerous subsidiaries focused on different aspects of gas distribution and related services.

Here's a breakdown of the major shareholders:

This ownership structure provides a solid foundation for the company's operations and growth in the competitive gas distribution market.

Board Composition

The Board Composition of China Resources Gas Group Limited is made up of experienced individuals with diverse backgrounds.

Credit: youtube.com, Directors & Board Structure

Kwai Yuk Cheng serves as the Corporate Secretary, a position she has held since December 31, 2023.

The Board of Directors consists of 7 members, each bringing their unique expertise to the table.

Tak Shing Wong, a 74-year-old Director, has been a part of the Board since April 12, 2010.

Hon To Yu, a 77-year-old Director, joined the Board on December 27, 2012.

Yu Chuan Yang, a 61-year-old Director, has been a Board Member since August 2, 2018.

Ping Yang, the Chairman, is a 50-year-old who took on the role on August 15, 2024.

Lu Ge and Pok Yan Li were appointed as Directors on September 26, 2023, at the age of 53 and 67, respectively.

Junzheng Zhang, a 60-year-old Director, joined the Board on November 28, 2024.

Xin Fang, a 49-year-old Director, was appointed on January 20, 2025.

Investment Analysis

The capitalization of China Resources Gas Group Limited has fluctuated significantly, ranging from 4.32B to 54.56B.

A key metric to consider is the P/E ratio, which is projected to be 11.5x in 2025 and 10.4x in 2026.

The enterprise value of the company has also varied, ranging from 5.73B to 72.45B.

Here are the key valuation metrics:

The free-float of the company is 38.42%, indicating that a significant portion of the shares are available for trading.

Investment Analysis

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The capitalization of China Resources Gas Group Limited has fluctuated over time, with the lowest recorded value being 4.62B and the highest being 54.56B.

These significant variations in capitalization can be attributed to changes in market conditions and the company's overall financial performance.

The P/E ratio for 2025 is 11.5x, indicating a relatively high valuation multiple compared to other companies in the industry.

This high P/E ratio suggests that investors are optimistic about the company's future growth prospects.

The EV/Sales ratio for 2025 is 0.6x, which is relatively low compared to other companies in the same industry.

A low EV/Sales ratio can indicate that the company's stock price is undervalued, making it a potentially attractive investment opportunity.

The free-float of China Resources Gas Group Limited is 38.42%, indicating that a significant portion of the company's shares are available for public trading.

This high free-float ratio can make it easier for investors to buy and sell shares, potentially increasing liquidity in the market.

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The yield for 2025 is 5%, which is relatively low compared to other investment options.

However, the yield for 2026 is expected to increase to 5.45%, making it a potentially more attractive investment opportunity in the future.

Here's a summary of the key investment metrics for China Resources Gas Group Limited:

Analysts' Recommendations

Analysts' recommendations can be a powerful tool in making informed investment decisions. UOB Kay Hian recently upgraded China Resources Gas Group to Buy from Hold.

UOB Kay Hian's upgrade comes with a price target of HK$22.60. This is a significant increase from the previous recommendation.

Nomura, another reputable analyst, also made a price target adjustment for China Resources Gas Group. Nomura increased the price target to HK$44 from HK$42.

Here's a summary of the analyst recommendations:

These recommendations can provide valuable insights for investors considering China Resources Gas Group.

News and Updates

China Resources Gas has been making headlines recently, and we've got the latest updates for you. Liu Haiyan was appointed as an executive director with effect from September 15, 2025.

Credit: youtube.com, Surge in Short Interest: China Resources Gas, Oilfield Services, and Rio2 Show Significant Growth

China Resources Gas' financial performance has been a topic of interest, with their profit sliding 31% in the first half of 2025. Their revenue for the half year ended June 30, 2025, was reported to be Chongqing Gas of RMB5.22 billion.

The company also announced an interim dividend of 30 HK cents per share, payable on October 31, 2025. This is a significant move, as it shows the company's commitment to returning value to its shareholders.

China Resources Gas has been undergoing some changes in its leadership, with Li Xiaoshuang resigning as executive director and chief financial officer on June 27, 2025. This may have an impact on the company's future direction.

Here's a summary of the key updates:

  • Liu Haiyan was appointed as an executive director on September 15, 2025.
  • China Resources Gas' profit slid 31% in the first half of 2025.
  • Interim dividend of 30 HK cents per share, payable on October 31, 2025.
  • Li Xiaoshuang resigned as executive director and chief financial officer on June 27, 2025.

Investment Tools

China Resources Gas offers a variety of investment tools to its investors.

One of the key tools is the China Resources Gas Stock Code, which is 01199.HK, allowing investors to easily track and trade the company's shares.

Credit: youtube.com, Obscure Moats - Part 1 - China Gas HK:384

The company's financial reports are also available online, providing a detailed breakdown of its revenue, expenses, and profits.

Investors can use these reports to make informed decisions about their investments in China Resources Gas.

The company has a strong track record of dividend payments, with a dividend yield of around 4% in recent years.

This makes it an attractive option for income-seeking investors.

China Resources Gas also offers a shareholder portal, where investors can access their account information and view their dividend payments.

Frequently Asked Questions

Does China have natural gas resources?

Yes, China has significant natural gas resources, with 509 natural gas fields discovered within its borders as of 2018. This discovery has the potential to increase China's future natural gas output.

Who owns China Resources Group?

China Resources Group is indirectly wholly owned by China Resources National Corporation, a state-owned enterprise. This means the Chinese government ultimately has control over the group.

James Hoeger-Bergnaum

Senior Assigning Editor

James Hoeger-Bergnaum is an experienced Assigning Editor with a proven track record of delivering high-quality content. With a keen eye for detail and a passion for storytelling, James has curated articles that captivate and inform readers. His expertise spans a wide range of subjects, including in-depth explorations of the New York financial landscape.

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