New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (21% net profit margin). Announcement • Mar 30
Xinjiang Xintai Natural Gas Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: CN¥1.90 (vs CN¥2.80 in FY 2024) Full year 2025 results: EPS: CN¥1.90 (down from CN¥2.80 in FY 2024). Revenue: CN¥3.92b (up 3.9% from FY 2024). Net income: CN¥806.9m (down 32% from FY 2024). Profit margin: 21% (down from 31% in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 28
Xinjiang Xintai Natural Gas Co., Ltd., Annual General Meeting, Apr 17, 2026 Xinjiang Xintai Natural Gas Co., Ltd., Annual General Meeting, Apr 17, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Urumqi, Xinjiang China Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.07, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 20x in the Gas Utilities industry in China. Total returns to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Jan 22
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at CN¥29.95. The fair value is estimated to be CN¥24.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Announcement • Dec 26
Xinjiang Xintai Natural Gas Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Buy Or Sell Opportunity • Nov 28
Now 20% overvalued Over the last 90 days, the stock has fallen 8.0% to CN¥27.39. The fair value is estimated to be CN¥22.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.45 (vs CN¥0.65 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.45 (down from CN¥0.65 in 3Q 2024). Revenue: CN¥931.8m (down 8.0% from 3Q 2024). Net income: CN¥193.7m (down 30% from 3Q 2024). Profit margin: 21% (down from 27% in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • Sep 30
Xinjiang Xintai Natural Gas Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Xinjiang Xintai Natural Gas Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.89 (vs CN¥0.78 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.89 (up from CN¥0.78 in 1Q 2024). Revenue: CN¥1.06b (down 6.0% from 1Q 2024). Net income: CN¥377.4m (up 14% from 1Q 2024). Profit margin: 36% (up from 29% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥2.80 (up from CN¥2.47 in FY 2023). Revenue: CN¥3.78b (up 7.4% from FY 2023). Net income: CN¥1.19b (up 13% from FY 2023). Profit margin: 31% (up from 30% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Announcement • Mar 29
Xinjiang Xintai Natural Gas Co., Ltd., Annual General Meeting, Apr 18, 2025 Xinjiang Xintai Natural Gas Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Urumqi, Xinjiang China Announcement • Mar 28
Xinjiang Xintai Natural Gas Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Xinjiang Xintai Natural Gas Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.65 (vs CN¥0.46 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.65 (up from CN¥0.46 in 3Q 2023). Revenue: CN¥1.01b (up 43% from 3Q 2023). Net income: CN¥277.1m (up 44% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Announcement • Sep 30
Xinjiang Xintai Natural Gas Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥36.19, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Gas Utilities industry in China. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.56 per share. Reported Earnings • Sep 03
First half 2024 earnings released: EPS: CN¥1.43 (vs CN¥1.13 in 1H 2023) First half 2024 results: EPS: CN¥1.43 (up from CN¥1.13 in 1H 2023). Revenue: CN¥1.95b (up 6.6% from 1H 2023). Net income: CN¥604.8m (up 25% from 1H 2023). Profit margin: 31% (up from 27% in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Announcement • Jun 28
Xinjiang Xintai Natural Gas Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 29
Xinjiang Xintai Natural Gas Co., Ltd., Annual General Meeting, May 17, 2024 Xinjiang Xintai Natural Gas Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: Meeting Room of Meizhong Energy Co., Ltd., Jincheng, Shanxi China Announcement • Mar 29
Xinjiang Xintai Natural Gas Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥24.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Gas Utilities industry in China. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.96 per share. Announcement • Dec 29
Xinjiang Xintai Natural Gas Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.58 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.46 (down from CN¥0.58 in 3Q 2022). Revenue: CN¥709.9m (up 3.8% from 3Q 2022). Net income: CN¥192.8m (down 21% from 3Q 2022). Profit margin: 27% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Jun 28
Xinjiang Xintai Natural Gas Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.98, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total loss to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.47 per share. Reported Earnings • Mar 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥2.18 (down from CN¥2.68 in FY 2021). Revenue: CN¥3.42b (up 31% from FY 2021). Net income: CN¥923.3m (down 10% from FY 2021). Profit margin: 27% (down from 39% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Director Hong Xing Zhang was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.57 (vs CN¥0.28 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.57 (up from CN¥0.28 in 3Q 2021). Revenue: CN¥684.0m (up 21% from 3Q 2021). Net income: CN¥242.1m (up 132% from 3Q 2021). Profit margin: 35% (up from 18% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥25.56, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Gas Utilities industry in Asia. Total returns to shareholders of 107% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Hong Xing Zhang was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥24.69, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 55% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥2.68 (up from CN¥0.95 in FY 2020). Revenue: CN¥2.62b (up 24% from FY 2020). Net income: CN¥1.03b (up 187% from FY 2020). Profit margin: 39% (up from 17% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 5.3%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥20.85, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.65 per share. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥28.84, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 121% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.65 per share. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥28.95, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Gas Utilities industry in Asia. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥29.59, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Gas Utilities industry in Asia. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥21.91, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Gas Utilities industry in Asia. Total returns to shareholders of 45% over the past three years. Announcement • Jun 30
Xinjiang Xintai Natural Gas Co., Ltd. (SHSE:603393) entered into an agreement to acquire an additional 5.3% stake in AAG Energy Holdings Limited (SEHK:2686) for approximately HKD 230 million. Xinjiang Xintai Natural Gas Co., Ltd. (SHSE:603393) entered into an agreement to acquire an additional 5.3% stake in AAG Energy Holdings Limited (SEHK:2686) for approximately HKD 230 million on June 28, 2021. Post completion, Xinjiang Xintai Natural Gas Co., Ltd. (SHSE:603393) will hold 56.98% stake in AAG. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥1.14 (vs CN¥1.35 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.11b (down 8.0% from FY 2019). Net income: CN¥359.0m (down 15% from FY 2019). Profit margin: 17% (down from 18% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 05
Xinjiang Xintai Natural Gas Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Jan 28
New 90-day low: CN¥18.91 The company is down 27% from its price of CN¥26.05 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 14% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥22.48 The company is down 17% from its price of CN¥27.18 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥23.63 The company is down 10.0% from its price of CN¥26.21 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥34.77 per share. Announcement • Oct 28
Xinjiang Xintai Natural Gas Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Announcement • Jul 17
Xinjiang Xintai Natural Gas Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Xinjiang Xintai Natural Gas Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020