Annuncio • May 28
China Resources Gas Group Limited Approves Final Dividend for the Year Ended 31 December 2025 China Resources Gas Group Limited held its AGM on May 28, 2026. The shareholders approved final dividend of 65 Hong Kong cents per share for the year ended 31 December 2025. Declared Dividend • May 20
Final dividend of HK$0.65 announced Shareholders will receive a dividend of HK$0.65. Ex-date: 1st June 2026 Payment date: 21st July 2026 Dividend yield will be 34%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Mar 27
China Resources Gas Group Limited, Annual General Meeting, May 28, 2026 China Resources Gas Group Limited, Annual General Meeting, May 28, 2026. Annuncio • Mar 02
China Resources Gas Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 China Resources Gas Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Annuncio • Dec 20
China Resources Gas Group Limited Announces Resignation and Appointment of Company Secretary and Authorised Representative, Effective December 19, 2025 China Resources Gas Group Limited announced that Ms. Cheng Kwai Yuk has tendered her resignation as the company secretary of the Company and has ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, effective December 19, 2025. The Board announced that, effective December 19, 2025, Mr. Au Kai Yin has been appointed as the Company Secretary and the Authorised Representative. Mr. Au is currently a company secretarial assistant manager of SWCS Corporate Services Group (Hong Kong) Limited. Mr. Au has over 10 years of experience in the field of corporate secretaries, with extensive experience in handling corporate secretarial and corporate governance affairs for both listed and private companies. He is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom, and holds a Master of Science degree in Corporate Governance and Compliance from Hong Kong Baptist University and a Bachelor of Science degree in Accounting from the University of Hull. As at the date of this announcement, the Directors of the Company are Mr. Yang Ping, Ms. Qin Yan and Mr. Liu Haiyan, being Executive Directors; Ms. Ge Lu, Mr. Li Weiwei, Mr. Zhang Junzheng, Mr. Fang Xin and Mr. Zhang Shenwen, being Non-executive Directors; and Mr. Wong Tak Shing, Mr. Yu Hon To, David, Mr. Yang Yuchuan and Mr. Li Pok Yan, being Independent Non-executive Directors. Annuncio • Aug 02
China Resources Gas Group Limited to Report First Half, 2025 Results on Aug 28, 2025 China Resources Gas Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • May 28
China Resources Gas Group Limited Approves Final Ordinary Cash Dividend for the Financial Year End 31 December 2024 China Resources Gas Group Limited announced that at its AGM held on May 28, 2025, the shareholders approved to declare a final dividend of HKD 0.7 per share for the year ended 31 December 2024. Annuncio • Mar 03
China Resources Gas Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 China Resources Gas Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Annuncio • Jan 21
China Resources Gas Group Limited Announces Board and Committee Changes The board of directors of China Resources Gas Group Limited announced that Mr. LIU Jian (‘Mr. LIU’) has notified the Board of his plan of retirement, and retired as a non-executive Director and a member of the audit and risk management committee of the Company with effect from 21 January 2025. The Board further announced that Mr. FANG Xin (‘Mr. FANG ‘) has been appointed as a non-executive Director and a member of the Audit and Risk Management Committee with effect from 21 January 2025. Mr. FANG Xin, aged 49, was appointed as a non-executive Director and a member of the Audit and Risk Management Committee of the Company on 21 January 2025. He also serves as a designated external director of the business units of China Resources Group and an external director of China Resources Healthcare Group Limited. Mr. FANG served as a director of China Resources Chemical Innovative Materials Co. Ltd. from January 2020 to December 2024, the period in which he concurrently served as the assistant general manager from January 2020 to August 2021; the vice general manager from August 2021 to January 2022; and the general manager from January 2022 to December 2024. Mr. FANG joined China Resources Group in August 1996, successively served as various positions including the director of procurement department and assistant general manager of China Resources Chemicals Holdings Limited (now known as China Resources Chemical Innovative Materials Holdings Limited). Mr. FANG holds a bachelor's degree in engineering from Beijing Institute of Technology. Annuncio • Nov 29
China Resources Gas Group Limited Announces Board and Committee Appointments The board of directors of China Resources Gas Group Limited announced that Mr. LI Weiwei (‘Mr. LI’) has been appointed as a non-executive Director and a member of the corporate governance committee of the Company (the ‘Corporate Governance Committee’); and Mr. ZHANG Junzheng (‘Mr. ZHANG’) has been appointed as a non-executive Director and a member of the remuneration committee of the Company (the ‘Remuneration Committee’), both with effect from 29 November 2024. Mr. LI Weiwei, aged 57, was appointed as a non-executive Director and a member of the Corporate Governance Committee of the Company on 29 November 2024. Mr. LI served as the supervisor and director of the board secretariat of Guangzhou Longkey Industrial Co. Ltd. from October 1994 to June 1998; successively served as the chief secretary of the chief executive officer, deputy general manager of the human resources training department, human resources director of the human resources headquarters of Guosen Securities Co. Ltd. from June 1998 to June 2004; the human resources director and vice president of Huaxi Securities Co. Ltd. from June 2004 to September 2010; the deputy general manager of China Resources SZITIC Trust Co. Ltd. from September 2010 to January 2019; the deputy general manager of China Resources Capital Holdings Company Limited from February 2019 to August 2021; a director of China Resources Capital Management Limited from August 2019 to June 2024; and has been serving as a director of China Resources Microelectronics Limited since September 2021. Mr. LI holds a Doctor of Philosophy (PhD) degree in Systems Engineering at Tsinghua University. Mr. ZHANG Junzheng, aged 60, was appointed as a non-executive Director and a member of the Remuneration Committee of the Company on 29 November 2024. Mr. ZHANG has been serving as an executive director and the vice chairman of the board of directors of China Resources Power Holdings Company Limited (‘CR Power’, the shares of which are listed on the main board of the Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’), since December 2019. He served as a director of the Health Safety and Environment Department of China Resources (Holdings) Company Limited (‘CRH’) from June 2014 to December 2019 and the deputy director of the office of the board of CRH from June 2009 to June 2014. Mr. ZHANG joined CR Power in 1995; worked as deputy chief engineer and deputy general manager for China Resources (Xuzhou) Electric Power Co. Ltd.; and served as the general manager of the Assets Operations Department of CR Power from November 2004 to June 2009. Mr. ZHANG is qualified as a Senior Engineer, and holds an MBA Degree from China Europe International Business School. Changes of Members of Board Committees: The Board further announced that, with effect from 29 November 2024, Mr. WANG Gaoqiang, a current non-executive Director, has been appointed as a member of the audit and risk management committee of the Company (the ‘Audit and Risk Management Committee’); Ms. GE Lu, a current non-executive Director, has been appointed as a member of the nomination committee of the Company (the ‘Nomination Committee’); and Mr. LI Pok Yan, a current independent non-executive Director, has been appointed as a member of the Corporate Governance Committee. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.29 per share. Declared Dividend • Sep 02
First half dividend of HK$0.25 announced Shareholders will receive a dividend of HK$0.25. Ex-date: 12th September 2024 Payment date: 4th November 2024 Dividend yield will be 12%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 01
First half 2024 earnings released: EPS: HK$1.52 (vs HK$1.56 in 1H 2023) First half 2024 results: EPS: HK$1.52 (down from HK$1.56 in 1H 2023). Revenue: HK$52.1b (up 7.7% from 1H 2023). Net income: HK$3.46b (down 2.5% from 1H 2023). Profit margin: 6.6% (down from 7.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Annuncio • Aug 30
China Resources Gas Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on November 4, 2024 China Resources Gas Group Limited announced interim dividend of HKD 0.25 per share for the six months ended 30 June 2024. Ex-dividend date: 12 September 2024. Record date: 17 September 2024. Payment date: 04 November 2024. Annuncio • Aug 02
China Resources Gas Group Limited to Report First Half, 2024 Results on Aug 30, 2024 China Resources Gas Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 Annuncio • May 25
China Resources Gas Group Limited Approves Final Dividend for the Year Ended 31 December 2023 China Resources Gas Group Limited announced at the AGM held on May 24, 2024, approved final dividend of 100.69 HK cents per share for the year ended 31 December 2023. Upcoming Dividend • May 21
Upcoming dividend of HK$1.01 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 17 July 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.4%). Reported Earnings • May 02
Full year 2023 earnings released: EPS: HK$2.30 (vs HK$2.09 in FY 2022) Full year 2023 results: EPS: HK$2.30 (up from HK$2.09 in FY 2022). Revenue: HK$101.3b (up 7.3% from FY 2022). Net income: HK$5.22b (up 10% from FY 2022). Profit margin: 5.2% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. New Risk • Apr 05
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 German stocks, typically moving 6.9% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Annuncio • Mar 29
China Resources Gas Group Limited, Annual General Meeting, May 24, 2024 China Resources Gas Group Limited, Annual General Meeting, May 24, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: HK$2.30 (vs HK$2.09 in FY 2022) Full year 2023 results: EPS: HK$2.30 (up from HK$2.09 in FY 2022). Revenue: HK$101.3b (up 7.3% from FY 2022). Net income: HK$5.22b (up 10% from FY 2022). Profit margin: 5.2% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 28
China Resources Gas Group Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on July 17, 2024 China Resources Gas Group Limited proposed Final Dividend of HKD 1.0069 per share for the Year Ended 31 December 2023. Date of shareholders' approval is 24 May 2024. Ex-dividend date is 28 May 2024, Record date is 31 May 2024, Payment date is 17 July 2024. Annuncio • Mar 09
China Resources Gas Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 China Resources Gas Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Annuncio • Sep 28
China Resources Gas Group Limited Announces Changes of Directors and Members of Board Committees The Board of China Resources Gas Group Limited announces that with effect from 27 September 2023: (1) Mr. LIU Xiaoyong has resigned as a non-executive Director and a member of the Audit and Risk Management Committee; (2) Mr. HE Youdong has resigned as a non-executive Director and a member of the Investment Committee; (3) Mr. HU Xiaoyong has resigned as an independent non-executive Director and a member of the Remuneration Committee; (4) Ms. GE Lu has been appointed as a non-executive Director; and (5) Mr. LI Pok Yan has been appointed as an independent non-executive Director and a member of the Remuneration Committee. The board (the "Board") of directors (the "Director(s)") of China Resources Gas Group Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that Mr. LIU Xiaoyong ("Mr. LIU") has notified the Board of his plan of retirement and retired as a non-executive Director and a member of the audit and risk management committee of the Company (the "Audit and Risk Management Committee") with effect from 27 September 2023. Mr. LIU has confirmed that he has no disagreement with the Board and that there is no matter in respect of his retirement which needs to be brought to the attention of the shareholders of the Company (the "Shareholder(s)") and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). (now known as China Resources Pharmaceutical Commercial Group Limited from January 2010 to August 2021. Ms. GE has over 30 years of working experience in the pharmaceutical industry and specializes in supply chain management, logistics management and information systems management and planning in the pharmaceutical distribution field. Ms. GE holds a master's degree of business administration from Tsinghua University and a bachelor's degree of computer science from Beijing Jiaotong University, and holds the title of Senior Engineer. Mr. LI Pok Yan, aged 66, is a member of the Hong Kong Institution of Engineers, Chartered Engineer of the United Kingdom, and a member of the Institute of Marine Engineering, Science and Technology in the United Kingdom. He has extensive working experience in different shipyards and is experienced in managing large-scale projects and leading team operations. He is proficient in management of personnel, funds, materials, technology, and information resources, and is familiar with factory and industrial operations, occupational safety, maritime affairs and the Companies Ordinance in Hong Kong. Mr. LI is currently an executive director of Yiu Lian Dockyards Limited and has served as its general manager and deputy general manager before. He was also the deputy general manager and senior consultant of China Merchants Industry Holdings Co. Ltd. Mr. LI managed the modification and inspection projects of a number of seagoing vessels and large offshore drilling platforms at that time. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.15 per share at 4.8% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (5.1%). Reported Earnings • Aug 27
First half 2023 earnings released: EPS: HK$1.56 (vs HK$1.34 in 1H 2022) First half 2023 results: EPS: HK$1.56 (up from HK$1.34 in 1H 2022). Revenue: HK$48.4b (flat on 1H 2022). Net income: HK$3.55b (up 16% from 1H 2022). Profit margin: 7.3% (up from 6.3% in 1H 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 1.0% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annuncio • Aug 26
China Resources Gas Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 27 October 2023 China Resources Gas Group Limited announced interim dividend of HKD 0.15 per share for the six months ended 30 June 2023. Dividend payable on 27 October 2023, record date of 12 September 2023 and Ex-dividend date of 07 September 2023. Annuncio • Aug 03
China Resources Gas Group Limited to Report First Half, 2023 Results on Aug 25, 2023 China Resources Gas Group Limited announced that they will report first half, 2023 results on Aug 25, 2023 Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be €3.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Annuncio • May 26
China Resources Gas Group Limited Approves the Final Dividend for the Year Ended 31 December 2022 China Resources Gas Group Limited approved the final dividend of 90 HK cents per share for the year ended 31 December 2022, at the AGM held on 25 May 2023. Upcoming Dividend • May 23
Upcoming dividend of HK$0.90 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Gas Utilities industry in Europe. Total loss to shareholders of 23% over the past three years. Recent Insider Transactions • Apr 08
Independent Non-Executive Director recently bought €63k worth of stock On the 3rd of April, Tak Shing Wong bought around 20k shares on-market at roughly €3.14 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €273k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: HK$2.09 (vs HK$2.82 in FY 2021) Full year 2022 results: EPS: HK$2.09 (down from HK$2.82 in FY 2021). Revenue: HK$94.3b (up 21% from FY 2021). Net income: HK$4.73b (down 26% from FY 2021). Profit margin: 5.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 16% share price gain to €3.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to €3.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 19% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-executive Director Xiaoyong Hu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Recent Insider Transactions • Oct 06
Independent Non-Executive Director recently bought €65k worth of stock On the 30th of September, Tak Shing Wong bought around 20k shares on-market at roughly €3.25 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €72k. Insiders have collectively bought €1.7m more in shares than they have sold in the last 12 months. Annuncio • Sep 29
China Resources Gas Group Limited Announces Executive Changes China Resources Gas Group Limited announces that with effect from 28 September 2022, Mr. HE Youdong has been appointed as a non-executive Director and a member of the Investment Committee of the Company. Mr. He, aged 59, joined China Resources Cement Holdings Limited (the "China Resources Cement") in 2010; successively served as Deputy Regional General Manager (Fujian) of China Resources Cement and General Manager and Regional General Manager (Fujian) of China Resources Cement (Yongding) Limited from 2010 to 2013; served as a vice president and Regional General Manager (Fujian) of China Resources Cement from 2014 to 2022. Prior to joining China Resources, Mr. He worked as the director of Fujian Shunchang Cement Factory, general manager of Fujian Ore Refining and Cement Limited and general manager of Fujian Cement Inc. Mr. He graduated from Fuzhou University and possesses qualification of senior engineer. Recent Insider Transactions • Sep 25
Independent Non-Executive Director recently bought €72k worth of stock On the 21st of September, Tak Shing Wong bought around 20k shares on-market at roughly €3.59 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 25 October 2022. Payout ratio is a comfortable 47% and the cash payout ratio is 79%. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Annuncio • Aug 27
China Resources Gas Group Limited Declares an Interim Dividend for the Six Months Ended June 30, 2022, Payable on 25 October, 2022 China Resources Gas Group Limited announced that the Directors have resolved to declare the payment of an interim dividend of HKD 0.15 per share for the six months ended 30 June, 2022, payable on 25 October, 2022. Ex-dividend date: 08 September 2022. Record date: 14 September 2022. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: HK$1.34 (vs HK$1.43 in 1H 2021) First half 2022 results: EPS: HK$1.34 (down from HK$1.43 in 1H 2021). Revenue: HK$48.1b (up 40% from 1H 2021). Net income: HK$3.05b (down 6.3% from 1H 2021). Profit margin: 6.3% (down from 9.4% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.9% compared to a 15% decline forecast for the Gas Utilities industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Aug 06
China Resources Gas Group Limited to Report Q2, 2022 Results on Aug 26, 2022 China Resources Gas Group Limited announced that they will report Q2, 2022 results on Aug 26, 2022 Annuncio • May 21
China Resources Gas Group Limited Approves Final Dividend for the Year Ended 31 December 2021 China Resources Gas Group Limited at the AGM on 20 May 2022 to declare a final dividend of 112 HK cents per share for the year ended 31 December 2021. Recent Insider Transactions • May 19
Independent Non-Executive Director recently bought €73k worth of stock On the 16th of May, Tak Shing Wong bought around 20k shares on-market at roughly €3.67 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 17
Upcoming dividend of HK$1.12 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 45% and the cash payout ratio is 79%. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.1%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-executive Director Xiaoyong Hu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 21
China Resources Gas Group Limited Declares Final Dividend for the Year Ended December 31, 2021 China Resources Gas Group Limited at its Annual General Meeting on 20 May 2022 the company proposed to declare a final dividend of 112 HK cents per share for the year ended 31 December 2021. Reported Earnings • Mar 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: HK$2.82 (up from HK$2.31 in FY 2020). Revenue: HK$78.2b (up 40% from FY 2020). Net income: HK$6.40b (up 24% from FY 2020). Profit margin: 8.2% (down from 9.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 7.2% compared to a 4.9% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Mar 06
China Resources Gas Group Limited to Report Fiscal Year 2021 Results on Mar 18, 2022 China Resources Gas Group Limited announced that they will report fiscal year 2021 results on Mar 18, 2022 Recent Insider Transactions • Dec 11
Non-Executive Chairman of the Board recently bought €624k worth of stock On the 8th of December, Chuandong Wang bought around 136k shares on-market at roughly €4.59 per share. In the last 3 months, they made an even bigger purchase worth €667k. Chuandong has been a buyer over the last 12 months, purchasing a net total of €2.0m worth in shares. Recent Insider Transactions • Nov 14
Non-Executive Chairman of the Board recently bought €418k worth of stock On the 11th of November, Chuandong Wang bought around 100k shares on-market at roughly €4.18 per share. In the last 3 months, they made an even bigger purchase worth €667k. Chuandong has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Executive Departure • Oct 06
CEO & Executive Director Baofeng Shi has left the company On the 30th of September, Baofeng Shi's tenure as CEO & Executive Director of the company ended after 2.8 years in the role. We don't have any record of a personal shareholding under Baofeng's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 5.88 years. Under Baofeng's leadership, the company delivered a total shareholder return of 51%. Recent Insider Transactions • Sep 30
Non-Executive Chairman of the Board recently bought €667k worth of stock On the 28th of September, Chuandong Wang bought around 150k shares on-market at roughly €4.45 per share. This was the largest purchase by an insider in the last 3 months. Chuandong has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares. Reported Earnings • Sep 25
First half 2021 earnings released: EPS HK$1.43 (vs HK$1.09 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$34.4b (up 53% from 1H 2020). Net income: HK$3.25b (up 36% from 1H 2020). Profit margin: 9.4% (down from 11% in 1H 2020). The decrease in margin was driven by higher expenses. 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 11% per year. Executive Departure • Sep 17
Non-Executive Director Ying Chen has left the company On the 15th of September, Ying Chen's tenure as Non-Executive Director ended after 9.3 years in the role. We don't have any record of a personal shareholding under Ying's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.79 years. Executive Departure • Sep 17
Non-Executive Director Yan Wang has left the company On the 15th of September, Yan Wang's tenure as Non-Executive Director ended after 7.1 years in the role. We don't have any record of a personal shareholding under Yan's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.79 years. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 25 October 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.0%). Reported Earnings • Aug 22
First half 2021 earnings released: EPS HK$1.43 (vs HK$1.09 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$34.4b (up 53% from 1H 2020). Net income: HK$3.25b (up 36% from 1H 2020). Profit margin: 9.4% (down from 11% in 1H 2020). The decrease in margin was driven by higher expenses. 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 10% per year. Executive Departure • May 26
Non-Executive Director has left the company On the 22nd of May, Shiqing Jing's tenure as Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Shiqing's name. Shiqing is the only executive to leave the company over the last 12 months. Annuncio • May 22
China Resources Gas Group Limited Declares Final Dividend for the Year Ended December 31, 2020 China Resources Gas Group Limited announced at the AGM held on May 21, 2021, the shareholders declared a final dividend of 78 HK cents per share for the year ended 31 December 2020. Upcoming Dividend • May 18
Upcoming dividend of HK$0.78 per share Eligible shareholders must have bought the stock before 25 May 2021. Payment date: 15 June 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (6.0%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS HK$2.31 (vs HK$2.32 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: HK$55.9b (flat on FY 2019). Net income: HK$5.15b (up 2.1% from FY 2019). Profit margin: 9.2% (up from 9.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 11
China Resources Gas Group Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 China Resources Gas Group Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Dec 31
New 90-day high: €4.42 The company is up 19% from its price of €3.72 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.20 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €4.14 The company is up 6.0% from its price of €3.92 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.66 per share. Is New 90 Day High Low • Nov 03
New 90-day low: €3.58 The company is down 11% from its price of €4.02 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.82 per share. Recent Insider Transactions • Oct 13
Non-Executive Chairman of the Board recently bought €187k worth of stock On the 8th of October, Chuandong Wang bought around 50k shares on-market at roughly €3.73 per share. In the last 3 months, they made an even bigger purchase worth €292k. Chuandong has been a buyer over the last 12 months, purchasing a net total of €1.2m worth in shares. Is New 90 Day High Low • Oct 08
New 90-day low: €3.64 The company is down 17% from its price of €4.36 on 10 July 2020. The German 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 down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.57 per share. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of HK$4.51b, down 4.7% from the prior year. Total revenue was HK$50.2b over the last 12 months, down 9.5% from the prior year. Annuncio • Aug 06
China Resources Gas Group Limited to Report First Half, 2020 Results on Aug 25, 2020 China Resources Gas Group Limited announced that they will report first half, 2020 results on Aug 25, 2020