China Gas Holdings（EBZ）株式概要投資持株会社であるチャイナ・ガス・ホールディングスは、中華人民共和国でガス・オペレーターおよびサービス・プロバイダーとして事業を展開している。 詳細EBZ ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長1/6過去の実績1/6財務の健全性2/6配当金5/6報酬当社が推定した公正価値より54%で取引されている 収益は年間6.5%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 不安定な配当実績 すべてのリスクチェックを見るEBZ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW474,562 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA474,562 investors already sharing narrativesYour Fair Value€Current Price€0.6823.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture092b2016201920222025202620282031Revenue HK$82.3bEarnings HK$3.0bAdvancedSet Fair ValueView all narrativesChina Gas Holdings Limited 競合他社MVV EnergieSymbol: XTRA:MVV1Market cap: €2.0bMainovaSymbol: DB:MNV6Market cap: €2.7bLechwerkeSymbol: DB:LECMarket cap: €2.3bRubisSymbol: ENXTPA:RUIMarket cap: €3.4b価格と性能株価の高値、安値、推移の概要China Gas Holdings過去の株価現在の株価HK$0.6852週高値HK$0.9552週安値HK$0.57ベータ0.991ヶ月の変化12.40%3ヶ月変化-13.38%1年変化-26.09%3年間の変化-31.31%5年間の変化-74.72%IPOからの変化257.89%最新ニュースReported Earnings • Jul 27Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% 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 9% per year whereas the company’s share price has fallen by 14% per year.Declared Dividend • Jun 29Final dividend of HK$0.20 announcedShareholders will receive a dividend of HK$0.20. Ex-date: 25th August 2026 Payment date: 2nd October 2026 Dividend yield will be 35%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 28Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 26China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026.お知らせ • Nov 28China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2025, Payable on 6 February 2026China Gas Holdings Limited announced Interim cash dividend of HKD 0.15 per share for the six months ended 30 September 2025, Ex-dividend date is 5 January 2026. Record date 9 January 2026. Payment date is 6 February 2026.お知らせ • Nov 13China Gas Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025China Gas Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025最新情報をもっと見るRecent updatesReported Earnings • Jul 27Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% 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 9% per year whereas the company’s share price has fallen by 14% per year.Declared Dividend • Jun 29Final dividend of HK$0.20 announcedShareholders will receive a dividend of HK$0.20. Ex-date: 25th August 2026 Payment date: 2nd October 2026 Dividend yield will be 35%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 28Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 26China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026.お知らせ • Nov 28China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2025, Payable on 6 February 2026China Gas Holdings Limited announced Interim cash dividend of HKD 0.15 per share for the six months ended 30 September 2025, Ex-dividend date is 5 January 2026. Record date 9 January 2026. Payment date is 6 February 2026.お知らせ • Nov 13China Gas Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025China Gas Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025お知らせ • Aug 21China Gas Holdings Limited Approves Final Dividend for the Financial Year Ended 31 March 2025China Gas Holdings Limited announced that at the AGM held on August 21, 2025, approved a final dividend of 35 HK cents per share for the financial year ended 31 March 2025.お知らせ • Jun 29China Gas Holdings Limited Proposes Final Dividend for the Financial Year Ended 31 March 2025, Payable on 09 October 2025China Gas Holdings Limited proposed a final dividend of HKD 0.35 per share for the financial year ended 31 March 2025. The dividend is classified as an ordinary dividend. The ex-dividend date is set for 25 August 2025, and shareholders must lodge transfer documents for registration by 16:30 on 26 August 2025 to determine their entitlement to the dividend. The book close period will be from 27 August 2025 to 29 August 2025, with the record date on 29 August 2025. The payment date for the dividend is scheduled for 09 October 2025.お知らせ • Jun 27China Gas Holdings Limited, Annual General Meeting, Aug 21, 2025China Gas Holdings Limited, Annual General Meeting, Aug 21, 2025.お知らせ • Jun 10China Gas Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025China Gas Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025お知らせ • Jan 06China Gas Holdings Limited Announces Board and Committee ChangesThe board of directors of China Gas Holdings Limited announced that Mr. Jiang Xinhao has resigned as a non-executive director of the Company and the chairman of the Corporate Governance and Risk Control Committee, each with effect from 6 January 2025, due to his retirement. The Board further announces that following the resignation of Mr. Jiang, Ms. Chen Yanyan, an independent non-executive director and member of the CGRC Committee, has been appointed as the chairman of the CGRC Committee, with effect from 6 January 2025.お知らせ • Nov 29China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2024, Payable on 18 February 2025China Gas Holdings Limited announced Interim cash dividend of HKD 0.15 per share for the six months ended 30 September 2024 Ex-dividend date is 06 January 2025. Record date 10 January 2025. Payment date is 18 February 2025.New Risk • Nov 17New minor risk - Share price stabilityThe 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Significant insider selling over the past 3 months (€2.8m sold).お知らせ • Nov 11China Gas Holdings Limited to Report Q2, 2025 Results on Nov 29, 2024China Gas Holdings Limited announced that they will report Q2, 2025 results on Nov 29, 2024お知らせ • Aug 21China Gas Holdings Limited Approves Final DividendChina Gas Holdings Limited at its AGM held on August 21, 2024 approved final dividend of 35 HongKong cents per share, with an option for scrip dividend.Upcoming Dividend • Aug 16Upcoming dividend of HK$0.35 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 04 October 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (6.8%).Reported Earnings • Jul 28Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.80 in FY 2023)Full year 2024 results: EPS: HK$0.59 (down from HK$0.80 in FY 2023). Revenue: HK$81.4b (down 12% from FY 2023). Net income: HK$3.18b (down 26% from FY 2023). Profit margin: 3.9% (down from 4.7% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.Declared Dividend • Jun 27Final dividend of HK$0.35 announcedShareholders will receive a dividend of HK$0.35. Ex-date: 23rd August 2024 Payment date: 4th October 2024 Dividend yield will be 45%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 25Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.80 in FY 2023)Full year 2024 results: EPS: HK$0.59 (down from HK$0.80 in FY 2023). Revenue: HK$81.4b (down 12% from FY 2023). Net income: HK$3.18b (down 26% from FY 2023). Profit margin: 3.9% (down from 4.7% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.お知らせ • Jun 25China Gas Holdings Limited, Annual General Meeting, Aug 21, 2024China Gas Holdings Limited, Annual General Meeting, Aug 21, 2024.お知らせ • Jun 24China Gas Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 4 October 2024China Gas Holdings Limited proposed final dividend for the year ended 31 March 2024 of HKD 0.35 per share. Ex-dividend date: 23 August 2024. Record date: 29 August 2024. Payment date: 4 October 2024. Date of shareholders' approval: 21 August 2024.お知らせ • Jun 13China Gas Holdings Limited to Report Fiscal Year 2024 Results on Jun 24, 2024China Gas Holdings Limited announced that they will report fiscal year 2024 results on Jun 24, 2024Upcoming Dividend • Dec 28Upcoming dividend of HK$0.15 per share at 7.5% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 02 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.5%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.3%).お知らせ • Dec 01China Gas Holdings Limited Announces Board ChangesThe board of directors of China Gas Holdings Limited announced that Mr. Ayush Gupta has been appointed as a non-executive Director of the Company and a member of the Corporate Governance and Risk Control Committee with effect from 1 December 2023. Mr. Ayush Gupta, aged 52, is a director of GAIL (India) Limited, which is a company listed on the National Stock Exchange (NSE) of India Limited, since August 2022. He is also the chairman of GAIL Mangalore Petrochemicals Ltd. since November 2023 and a director in GAIL Gas Limited since July 2022, both being wholly-owned subsidiaries of GAIL (India) Limited. He has also served as a director of ONGC Tripura Power Company Ltd. since November 2023. Mr. Gupta received a Bachelor's degree in Electrical Engineering in 1993 from University of Roorkee India, a Master's degree in Business Administration in 2003 and a post-graduate diploma in Human Resource Management in 2023 both from Indira Gandhi National Open University. He has also completed The Chevening Rolls-Royce Science, Innovation & Policy Leadership Programme from Saïd Business School of University of Oxford in 2013. Mr. Gupta will serve as a member of the Corporate Governance and Risk Control Committee effective upon his appointment as a non-executive Director of the Company. He is entitled to an annual fee of HKD 66,000 for being a member of the Committee. The Board announces that Mr. Mahesh Vishwanathan Iyer (Mr. Iyer) has resigned as a non-executive Director of the Company and a member of the Corporate Governance and Risk Control Committee, each with effect from 1 December 2023, due to his retirement.Recent Insider Transactions • Nov 30Executive Chairman recently bought €574k worth of stockOn the 28th of November, Ming Hui Liu bought around 700k shares on-market at roughly €0.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ming Hui has been a buyer over the last 12 months, purchasing a net total of €1.9m worth in shares.お知らせ • Nov 30China Gas Holdings Limited Announces an Interim Dividend for the Six-Month Ended 30 September 2023, Payable on 2 February 2024China Gas Holdings Limited announced an interim dividend of HKD 0.15 per share for the six-month ended 30 September 2023. Ex-dividend date is 4 January 2024. Record date is 10 January 2024. Payment date is 2 February 2024.Reported Earnings • Nov 29First half 2024 earnings released: EPS: HK$0.34 (vs HK$0.60 in 1H 2023)First half 2024 results: EPS: HK$0.34 (down from HK$0.60 in 1H 2023). Revenue: HK$36.0b (down 16% from 1H 2023). Net income: HK$1.83b (down 44% from 1H 2023). Profit margin: 5.1% (down from 7.6% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.4% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year and the company’s share price has also fallen by 36% per year.お知らせ • Nov 14China Gas Holdings Limited to Report First Half, 2024 Results on Nov 27, 2023China Gas Holdings Limited announced that they will report first half, 2024 results on Nov 27, 2023お知らせ • Aug 24China Gas Holdings Limited Approves Final Dividend for the Year Ended 31 March 2023China Gas Holdings Limited approved final dividend of 40 HK cents per share for the year ended 31 March 2023.Upcoming Dividend • Aug 18Upcoming dividend of HK$0.40 per share at 6.0% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.9%).お知らせ • Jun 27+ 1 more updateChina Gas Holdings Limited, Annual General Meeting, Aug 23, 2023China Gas Holdings Limited, Annual General Meeting, Aug 23, 2023. Agenda: To consider approval of final dividend.Reported Earnings • Jun 26Full year 2023 earnings released: EPS: HK$0.80 (vs HK$1.39 in FY 2022)Full year 2023 results: EPS: HK$0.80 (down from HK$1.39 in FY 2022). Revenue: HK$92.0b (up 4.3% from FY 2022). Net income: HK$4.29b (down 44% from FY 2022). Profit margin: 4.7% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 10China Gas Holdings Limited to Report Fiscal Year 2023 Results on Jun 26, 2023China Gas Holdings Limited announced that they will report fiscal year 2023 results on Jun 26, 2023Buying Opportunity • May 29Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 9.3%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.Recent Insider Transactions • Jan 30Executive Chairman recently bought €587k worth of stockOn the 26th of January, Ming Hui Liu bought around 400k shares on-market at roughly €1.47 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ming Hui's only on-market trade for the last 12 months.Upcoming Dividend • Dec 29Upcoming dividend of HK$0.10 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 03 February 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.8%).Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 59% over the past three years.Reported Earnings • Nov 26First half 2023 earnings released: EPS: HK$0.60 (vs HK$0.74 in 1H 2022)First half 2023 results: EPS: HK$0.60 (down from HK$0.74 in 1H 2022). Revenue: HK$43.0b (up 10% from 1H 2022). Net income: HK$3.26b (down 21% from 1H 2022). Profit margin: 7.6% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 26China Gas Holdings Limited Announces Interim Dividend for the Six-Month Period Ended 30 September 2022, Payable on 03 February 2023China Gas Holdings Limited announced Interim dividend of HKD 0.1 per share for the six-month period ended 30 September 2022. The dividend payable on 03 February 2023 and record date of 11 January 2023.お知らせ • Nov 09China Gas Holdings Limited to Report Q2, 2023 Results on Nov 25, 2022China Gas Holdings Limited announced that they will report Q2, 2023 results on Nov 25, 2022お知らせ • Oct 08China Gas Holdings Limited Announces Executive ChangesThe board of directors of China Gas Holdings Limited announced that Ms. Lam Ngan Ling has resigned as the Group General Counsel, Company Secretary, an agent for service of process in Hong Kong under the Companies Ordinance and an authorized representative of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 7 October 2022. Following Ms. Lam's resignation, the Board announced that Ms. Chan Wing Ki has been appointed as Group General Counsel, Company Secretary, the Process Agent and the Authorized Representative of the Company with effect from 7 October 2022. Ms. Chan is a solicitor qualified to practice in Hong Kong and an attorney admitted to practice in New York. She has more than 10 years of legal and corporate governance experience, having worked at Allen & Overy, Davis Polk & Wardwell, Latham & Watkins LLP and as in-house counsel and company secretary of various companies.お知らせ • Aug 19China Gas Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022China Gas Holdings Limited at its AGM held on August 18, 2022 approved final dividend of 45 HK cents per share for the year ended 31 March 2022.Upcoming Dividend • Aug 16Upcoming dividend of HK$0.45 per shareEligible shareholders must have bought the stock before 23 August 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (5.1%).お知らせ • Jun 25+ 1 more updateChina Gas Holdings Limited Announces Change in Composition of Remuneration CommitteeThe board of directors of China Gas Holdings Limited announced that in order to enhance the corporate governance of the Company, the Remuneration Committee of the Company shall comprise only of independent non-executive directors, Mr. ZHAO Yuhua, Dr. MAO Erwan, Ms. CHEN Yanyan and Mr. ZHANG Ling. Mr. LIU Ming Hui, Mr. HUANG Yong and Mr. ZHU Weiwei shall cease to be the members of the Remuneration Committee with effect from 24 June 2022.Reported Earnings • Jun 25Full year 2022 earnings released: EPS: HK$1.39 (vs HK$2.01 in FY 2021)Full year 2022 results: EPS: HK$1.39 (down from HK$2.01 in FY 2021). Revenue: HK$88.2b (up 26% from FY 2021). Net income: HK$7.66b (down 27% from FY 2021). Profit margin: 8.7% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11% compared to a 13% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 25China Gas Holdings Limited, Annual General Meeting, Aug 18, 2022China Gas Holdings Limited, Annual General Meeting, Aug 18, 2022.お知らせ • Jun 10China Gas Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022China Gas Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €1.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 60% over the past three years.お知らせ • Mar 10China Gas Holdings Limited Appoints Xiong Bin as the Vice Chairman of the Board, a Non-Executive Director and a Member of the Corporate Governance and Risk Control CommitteeChina Gas Holdings Limited announced that Xiong Bin has been appointed as the Vice Chairman of the Board, a non-executive director and a member of the Corporate Governance and Risk Control Committee of the Company with effect from 8 March 2022. Xiong Bin, aged 55, is currently an executive director and the chief executive officer of Beijing Enterprises Holdings Limited, the assistant to the general manager of Beijing Enterprises Group Company Limited and a director of Beijing Gas Group Co. Ltd. Mr. Xiong joined Beijing Gas Group in 1999, Beijing Enterprises Group in 2011 and Beijing Enterprises in 2021. He has obtained numerous years of experience in public infrastructure facilities management and in strategic and investment management. Mr. Xiong is a PRC engineer. He graduated from the Department of Thermal Engineering of the School of Mechanical Engineering of Tongji University, and received an EMBA degree from the School of Economics and Management of the Tsinghua University. Beijing Enterprises and Beijing Enterprises Group are substantial shareholders of the Company and Beijing Enterprises Group is deemed to be interested in 1,274,433,143 shares of the Company, representing 23.02% of the issued share capital of the Company as at the date of this announcement, among which, 1,271,463,143 Beijing Enterprises Shares are held directly or indirectly by Beijing Enterprises, representing 22.97% of the issued shares of the Company as at the date of this announcement. Mr. Xiong is not interested in any Beijing Enterprises Shares and does not own any shares of the Company.お知らせ • Feb 01China Gas Holdings Limited Appoints Ma Weihua as Independent Non-Executive Director, Chairman of the Sustainability Committee and a Member of Each of the Audit Committee and the Corporate Governance and Risk Control Committee, Effective 1 February 2022The Board of China Gas Holdings Limited announced that Dr. MA Weihua (``Dr. MA'') has been appointed as an independent non-executive director, chairman of the Sustainability Committee and a member of each of the Audit Committee and the Corporate Governance and Risk Control Committee of the Company with effect from 1 February 2022. Dr. MA Weihua is currently the chairman and a non-executive director of Bison Finance Group Limited, an independent non-executive director of Legend Holdings Corporation and Haidilao International Holding Ltd., an independent director of Guangdong Qunxing Toys Joint Stock Co. Ltd., the chairman of National Fund for Technology Transfer and Commercialization, chairman of the board of China Global Philanthropy Institute, chairman of China Alliance of Social Value Investment, the director-general of One Foundation and held positions including adjunct professor in various higher education institutes such as Peking University and Tsinghua University. Dr. MA previously served as the executive director, president and chief executive officer of China Merchants Bank Co., Ltd, the chairman of the board of CMB Wing Lung Bank Limited, CIGNA and CMC Life Insurance Company Ltd. and China Merchants Fund Management Co. Ltd.Upcoming Dividend • Dec 30Upcoming dividend of HK$0.10 per shareEligible shareholders must have bought the stock before 06 January 2022. Payment date: 28 January 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.3%). Lower than average of industry peers (5.0%).Valuation Update With 7 Day Price Move • Dec 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €1.64, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 40% over the past three years.Reported Earnings • Dec 01First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: HK$0.74 (down from HK$0.97 in 1H 2021). Revenue: HK$38.9b (up 43% from 1H 2021). Net income: HK$4.11b (down 19% from 1H 2021). Profit margin: 11% (down from 19% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 8.1% compared to a 4.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 16Upcoming dividend of HK$0.45 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 30 September 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (5.8%).Reported Earnings • Jun 29Full year 2021 earnings released: EPS HK$2.01 (vs HK$1.76 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: HK$70.0b (up 18% from FY 2020). Net income: HK$10.5b (up 14% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to HK$2.57, 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 23% over the past three years.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to HK$2.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 2.6% over the past three years.お知らせ • Mar 05China Gas Holdings Limited and China Petrochemical Corporation Enter into Strategic Cooperation Framework AgreementThe board of directors of China Gas Holdings Limited announced that, on 4 March 2021, the Company and China Petrochemical Corporation ("Sinopec'') entered into a strategic cooperation framework agreement (the "Strategic Cooperation Framework Agreement''). Both parties agreed to launch comprehensive cooperation in gas business related fields so as to exploit their respective advantages based on the principles of "equality and mutual benefit, taking complementary advantages, reciprocal and mutual win-win cooperation''. Both parties will exploit their respective advantages, that is combining Sinopec's advantages in upstream resources supply of natural gas and liquefied petroleum gas ("LPG'') and in the sales network in liquefied natural gas ("LNG'') receiving terminals, petroleum and natural gas stations with the Group's advantages in mid-stream and downstream natural gas and LPG distribution network across China. Both parties will commence comprehensive strategic cooperation in businesses such as natural gas and LPG resources procurement, downstream gas business, LNG receiving terminals, oil and gas (natural gas and hydrogen) stations/recharging poles and transportation energy targeting in the nationwide market. Sinopec will commence natural gas business cooperation with the Group through Sinopec Natural Gas Company Limited ("Natural Gas Company'') and Sinopec Great Wall Gas Investment Company Limited ("Great Wall Gas''). Natural Gas Company would conduct joint study and cooperation with the Group for the establishment of a natural gas trading company. This trading company would be responsible for the centralised procurement from Sinopec's natural gas resources pool based on the needs of the Group. It is tentatively planned that this trading company would be controlled by Natural Gas Company. Natural Gas Company would support the project companies of the Group in matters such as the consumption and opening of accounts of the self-owned pipeline networks. Meanwhile, the Group would increase the procurement in Sinopec's natural gas resources. Great Wall Gas would conduct joint study and cooperation with the Group for the establishment of a downstream gas project joint venture. This joint venture would be responsible for the merger and acquisition of downstream gas companies and the acquisition of downstream gas concession rights. It is tentatively planned that this joint venture would be controlled by the Company. Sinopec would support the Group to invest in the newly established LNG receiving terminal projects and enjoy the window period for receiving and unloading LNG import resources according to respective shareholding. By leveraging the Group's logistics advantages in regional urban gas trade, coastal imported LNG trade and onshore LNG, as well as giving play to the layout of Sinopec's petroleum/gas stations and the advantages in the Group's gas stations, urban gas terminals and gas pipeline networks, both parties would cooperate in developing oil and gas/recharging pole joint stations, LNG distribution warehouse and relevant logistics system and in the joint development of transportation energy business. The Group and Sinopec will leverage their advantages in LPG resources, deep processing, logistics and warehousing to expand cooperation in the entire LPG industry chain business, including, among other things: deepening the cooperation in the fields of LPG trading and logistics; jointly facilitating the establishment of the national association of LPG importers, coordinating external procurement, and pushing forward the formulation and application of China's LPG import price index; conducting joint study of the feasibility of investing in the construction of public liquefied hydrocarbon storage facilities along the coast and river, as well as the cooperation on the supply of liquefied hydrocarbon resources. Sinopec may lease the LPG terminals and storage facilities of the Group for the operation of LPG industrial raw materials; and agreeing Sinopec to use the Group's terminal storage facilities in order to provide support for Sinopec's onshore LPG resources operation.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$3.26, the stock is trading at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 14.4x. This compares to an average P/E of 14x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 47%.Is New 90 Day High Low • Jan 04New 90-day high: €3.18The company is up 33% from its price of €2.40 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.16 per share.お知らせ • Jan 04China Gas Holdings Limited Announces Change of Non-Executive Director and Change of Composition of Board CommitteeThe board of directors of China Gas Holdings Limited announced that Mr. Rajeev Kumar MATHUR resigned as a non-executive director of the Company with effect from 31 December 2020 due to his retirement from GAIL (India) Limited and the same was accepted by the Board on 1 January 2021. The Board announced that Mr. Mahesh Vishwanathan IYER has been appointed as a non-executive director of the Company with effect from 1 January 2021. The Board further announces the change of member of the board committee as follows: following the resignation as a non-executive director of the Company, Mr. MATHUR also resigned as a member of the Corporate Governance and Risk Control Committee with effect from 31 December 2020; and following the appointment as a non-executive director of the Company, Mr. IYER has also been appointed as a member of the Corporate Governance and Risk Control Committee and is entitled to an annual fee of HKD 66,000 for being a member of the committee with effect from 1 January 2021.Reported Earnings • Dec 17First half 2021 earnings released: EPS HK$0.97The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$27.2b (down 2.7% from 1H 2020). Net income: HK$5.09b (up 3.7% from 1H 2020). Profit margin: 19% (up from 18% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Dec 17Revenue misses expectationsRevenue missed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 19%, compared to a 2.1% growth forecast for the Gas Utilities industry in Germany.Is New 90 Day High Low • Dec 15New 90-day high: €3.08The company is up 34% from its price of €2.30 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 €5.21 per share.Reported Earnings • Nov 29First half 2021 earnings released: EPS HK$0.97The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$27.2b (down 2.7% from 1H 2020). Net income: HK$5.09b (up 3.7% from 1H 2020). Profit margin: 19% (up from 18% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Nov 28Revenue misses expectationsRevenue missed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 22% while the growth in Gas Utilities industry in Germany is expected to stay flat.Is New 90 Day High Low • Nov 24New 90-day high: €3.06The company is up 24% from its price of €2.46 on 25 August 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 €4.57 per share.お知らせ • Nov 10China Gas Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020China Gas Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020Valuation Update With 7 Day Price Move • Nov 07Market bids up stock over the past weekAfter last week's 15% share price gain to HK$3.00, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 13x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 20%.Is New 90 Day High Low • Nov 03New 90-day high: €2.68The company is up 5.0% from its price of €2.56 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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 €4.82 per share.株主還元EBZDE Gas UtilitiesDE 市場7D6.3%-1.8%1.2%1Y-26.1%18.9%0.7%株主還元を見る業界別リターン: EBZ過去 1 年間で18.9 % の収益を上げたGerman Gas Utilities業界を下回りました。リターン対市場: EBZは、過去 1 年間で0.7 % のリターンを上げたGerman市場を下回りました。価格変動Is EBZ's price volatile compared to industry and market?EBZ volatilityEBZ Average Weekly Movement5.0%Gas Utilities Industry Average Movement2.7%Market Average Movement5.4%10% most volatile stocks in DE Market12.8%10% least volatile stocks in DE Market2.7%安定した株価: EBZ 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: EBZの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1995n/aMing Hui Liuwww.chinagasholdings.com.hk投資持株会社であるチャイナ・ガス・ホールディングスは、中華人民共和国でガス・オペレーターおよびサービス・プロバイダーとして事業を展開している。天然ガス販売、ガス接続、エンジニアリング設計・建設、液化石油ガス（LPG）販売、付加価値サービス、その他事業、中油エネルギー部門を通じて事業を展開している。同社は、都市ガス・都市ガスパイプライン、ガスターミナル、貯蔵・輸送施設、ガス物流システムへの投資、建設、運営、維持管理、天然ガス・LPGの住宅・工業・商業ユーザーへの送電、圧縮天然ガス・液化天然ガス自動車用充填ステーションの建設・運営、天然ガス・LPG関連技術の開発を行っている。また、貯蔵・輸送の石油化学設備への投資、LPGや化学製品、プロパンやブタンの生産・貯蔵・販売、CBM事業、炭層メタンの探鉱・生産、ガスステーションの管理業務も行っている。また、財務、管理、コンサルタント、調達サービス、家庭用機器、電化製品、厨房機器などの卸売・小売も行っている。また、クリーンエネルギーの開発・投資、天然ガス・液化天然ガスの卸売・取引、電力販売、ガスメーターなどのユーティリティシステムの開発・製造・販売も行っている。さらに、ガスコンロ、給湯器、壁掛けヒーター、パイプ、バルブ、警報器などの安全製品、食料品、調理材料なども提供している。さらに、家庭用機器、電気機器、厨房機器の卸売、小売、設置、メンテナンス、投資保有、暖房サービスの販売にも携わっている。チャイナ・ガス・ホールディングスは1995年に設立され、香港の湾仔に本社を置いている。もっと見るChina Gas Holdings Limited 基礎のまとめChina Gas Holdings の収益と売上を時価総額と比較するとどうか。EBZ 基礎統計学時価総額€3.76b収益（TTM）€302.77m売上高(TTM)€8.20b12.4xPER（株価収益率0.5xP/SレシオEBZ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計EBZ 損益計算書（TTM）収益HK$73.60b売上原価HK$62.72b売上総利益HK$10.88bその他の費用HK$8.16b収益HK$2.72b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.50グロス・マージン14.78%純利益率3.69%有利子負債／自己資本比率102.1%EBZ の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.7%現在の配当利回り69%配当性向EBZ 配当は確実ですか？EBZ 配当履歴とベンチマークを見るEBZ 、いつまでに購入すれば配当金を受け取れますか？China Gas Holdings 配当日配当落ち日Aug 25 2026配当支払日Oct 02 2026配当落ちまでの日数25 days配当支払日までの日数63 daysEBZ 配当は確実ですか？EBZ 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/29 13:35終値2026/07/29 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋China Gas Holdings Limited 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。37 アナリスト機関Ying LouBarclaysNEIL BEVERIDGEBernsteinCissy GuanBofA Global Research34 その他のアナリストを表示
Reported Earnings • Jul 27Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% 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 9% per year whereas the company’s share price has fallen by 14% per year.
Declared Dividend • Jun 29Final dividend of HK$0.20 announcedShareholders will receive a dividend of HK$0.20. Ex-date: 25th August 2026 Payment date: 2nd October 2026 Dividend yield will be 35%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 28Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 26China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026.
お知らせ • Nov 28China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2025, Payable on 6 February 2026China Gas Holdings Limited announced Interim cash dividend of HKD 0.15 per share for the six months ended 30 September 2025, Ex-dividend date is 5 January 2026. Record date 9 January 2026. Payment date is 6 February 2026.
お知らせ • Nov 13China Gas Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025China Gas Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025
Reported Earnings • Jul 27Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% 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 9% per year whereas the company’s share price has fallen by 14% per year.
Declared Dividend • Jun 29Final dividend of HK$0.20 announcedShareholders will receive a dividend of HK$0.20. Ex-date: 25th August 2026 Payment date: 2nd October 2026 Dividend yield will be 35%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 28Full year 2026 earnings released: EPS: HK$0.50 (vs HK$0.60 in FY 2025)Full year 2026 results: EPS: HK$0.50 (down from HK$0.60 in FY 2025). Revenue: HK$73.6b (down 7.1% from FY 2025). Net income: HK$2.72b (down 16% from FY 2025). Profit margin: 3.7% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 26China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026China Gas Holdings Limited, Annual General Meeting, Aug 21, 2026.
お知らせ • Nov 28China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2025, Payable on 6 February 2026China Gas Holdings Limited announced Interim cash dividend of HKD 0.15 per share for the six months ended 30 September 2025, Ex-dividend date is 5 January 2026. Record date 9 January 2026. Payment date is 6 February 2026.
お知らせ • Nov 13China Gas Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025China Gas Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025
お知らせ • Aug 21China Gas Holdings Limited Approves Final Dividend for the Financial Year Ended 31 March 2025China Gas Holdings Limited announced that at the AGM held on August 21, 2025, approved a final dividend of 35 HK cents per share for the financial year ended 31 March 2025.
お知らせ • Jun 29China Gas Holdings Limited Proposes Final Dividend for the Financial Year Ended 31 March 2025, Payable on 09 October 2025China Gas Holdings Limited proposed a final dividend of HKD 0.35 per share for the financial year ended 31 March 2025. The dividend is classified as an ordinary dividend. The ex-dividend date is set for 25 August 2025, and shareholders must lodge transfer documents for registration by 16:30 on 26 August 2025 to determine their entitlement to the dividend. The book close period will be from 27 August 2025 to 29 August 2025, with the record date on 29 August 2025. The payment date for the dividend is scheduled for 09 October 2025.
お知らせ • Jun 27China Gas Holdings Limited, Annual General Meeting, Aug 21, 2025China Gas Holdings Limited, Annual General Meeting, Aug 21, 2025.
お知らせ • Jun 10China Gas Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025China Gas Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025
お知らせ • Jan 06China Gas Holdings Limited Announces Board and Committee ChangesThe board of directors of China Gas Holdings Limited announced that Mr. Jiang Xinhao has resigned as a non-executive director of the Company and the chairman of the Corporate Governance and Risk Control Committee, each with effect from 6 January 2025, due to his retirement. The Board further announces that following the resignation of Mr. Jiang, Ms. Chen Yanyan, an independent non-executive director and member of the CGRC Committee, has been appointed as the chairman of the CGRC Committee, with effect from 6 January 2025.
お知らせ • Nov 29China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2024, Payable on 18 February 2025China Gas Holdings Limited announced Interim cash dividend of HKD 0.15 per share for the six months ended 30 September 2024 Ex-dividend date is 06 January 2025. Record date 10 January 2025. Payment date is 18 February 2025.
New Risk • Nov 17New minor risk - Share price stabilityThe 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Significant insider selling over the past 3 months (€2.8m sold).
お知らせ • Nov 11China Gas Holdings Limited to Report Q2, 2025 Results on Nov 29, 2024China Gas Holdings Limited announced that they will report Q2, 2025 results on Nov 29, 2024
お知らせ • Aug 21China Gas Holdings Limited Approves Final DividendChina Gas Holdings Limited at its AGM held on August 21, 2024 approved final dividend of 35 HongKong cents per share, with an option for scrip dividend.
Upcoming Dividend • Aug 16Upcoming dividend of HK$0.35 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 04 October 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (6.8%).
Reported Earnings • Jul 28Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.80 in FY 2023)Full year 2024 results: EPS: HK$0.59 (down from HK$0.80 in FY 2023). Revenue: HK$81.4b (down 12% from FY 2023). Net income: HK$3.18b (down 26% from FY 2023). Profit margin: 3.9% (down from 4.7% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
Declared Dividend • Jun 27Final dividend of HK$0.35 announcedShareholders will receive a dividend of HK$0.35. Ex-date: 23rd August 2024 Payment date: 4th October 2024 Dividend yield will be 45%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 25Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.80 in FY 2023)Full year 2024 results: EPS: HK$0.59 (down from HK$0.80 in FY 2023). Revenue: HK$81.4b (down 12% from FY 2023). Net income: HK$3.18b (down 26% from FY 2023). Profit margin: 3.9% (down from 4.7% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 25China Gas Holdings Limited, Annual General Meeting, Aug 21, 2024China Gas Holdings Limited, Annual General Meeting, Aug 21, 2024.
お知らせ • Jun 24China Gas Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 4 October 2024China Gas Holdings Limited proposed final dividend for the year ended 31 March 2024 of HKD 0.35 per share. Ex-dividend date: 23 August 2024. Record date: 29 August 2024. Payment date: 4 October 2024. Date of shareholders' approval: 21 August 2024.
お知らせ • Jun 13China Gas Holdings Limited to Report Fiscal Year 2024 Results on Jun 24, 2024China Gas Holdings Limited announced that they will report fiscal year 2024 results on Jun 24, 2024
Upcoming Dividend • Dec 28Upcoming dividend of HK$0.15 per share at 7.5% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 02 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.5%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.3%).
お知らせ • Dec 01China Gas Holdings Limited Announces Board ChangesThe board of directors of China Gas Holdings Limited announced that Mr. Ayush Gupta has been appointed as a non-executive Director of the Company and a member of the Corporate Governance and Risk Control Committee with effect from 1 December 2023. Mr. Ayush Gupta, aged 52, is a director of GAIL (India) Limited, which is a company listed on the National Stock Exchange (NSE) of India Limited, since August 2022. He is also the chairman of GAIL Mangalore Petrochemicals Ltd. since November 2023 and a director in GAIL Gas Limited since July 2022, both being wholly-owned subsidiaries of GAIL (India) Limited. He has also served as a director of ONGC Tripura Power Company Ltd. since November 2023. Mr. Gupta received a Bachelor's degree in Electrical Engineering in 1993 from University of Roorkee India, a Master's degree in Business Administration in 2003 and a post-graduate diploma in Human Resource Management in 2023 both from Indira Gandhi National Open University. He has also completed The Chevening Rolls-Royce Science, Innovation & Policy Leadership Programme from Saïd Business School of University of Oxford in 2013. Mr. Gupta will serve as a member of the Corporate Governance and Risk Control Committee effective upon his appointment as a non-executive Director of the Company. He is entitled to an annual fee of HKD 66,000 for being a member of the Committee. The Board announces that Mr. Mahesh Vishwanathan Iyer (Mr. Iyer) has resigned as a non-executive Director of the Company and a member of the Corporate Governance and Risk Control Committee, each with effect from 1 December 2023, due to his retirement.
Recent Insider Transactions • Nov 30Executive Chairman recently bought €574k worth of stockOn the 28th of November, Ming Hui Liu bought around 700k shares on-market at roughly €0.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ming Hui has been a buyer over the last 12 months, purchasing a net total of €1.9m worth in shares.
お知らせ • Nov 30China Gas Holdings Limited Announces an Interim Dividend for the Six-Month Ended 30 September 2023, Payable on 2 February 2024China Gas Holdings Limited announced an interim dividend of HKD 0.15 per share for the six-month ended 30 September 2023. Ex-dividend date is 4 January 2024. Record date is 10 January 2024. Payment date is 2 February 2024.
Reported Earnings • Nov 29First half 2024 earnings released: EPS: HK$0.34 (vs HK$0.60 in 1H 2023)First half 2024 results: EPS: HK$0.34 (down from HK$0.60 in 1H 2023). Revenue: HK$36.0b (down 16% from 1H 2023). Net income: HK$1.83b (down 44% from 1H 2023). Profit margin: 5.1% (down from 7.6% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.4% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year and the company’s share price has also fallen by 36% per year.
お知らせ • Nov 14China Gas Holdings Limited to Report First Half, 2024 Results on Nov 27, 2023China Gas Holdings Limited announced that they will report first half, 2024 results on Nov 27, 2023
お知らせ • Aug 24China Gas Holdings Limited Approves Final Dividend for the Year Ended 31 March 2023China Gas Holdings Limited approved final dividend of 40 HK cents per share for the year ended 31 March 2023.
Upcoming Dividend • Aug 18Upcoming dividend of HK$0.40 per share at 6.0% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.9%).
お知らせ • Jun 27+ 1 more updateChina Gas Holdings Limited, Annual General Meeting, Aug 23, 2023China Gas Holdings Limited, Annual General Meeting, Aug 23, 2023. Agenda: To consider approval of final dividend.
Reported Earnings • Jun 26Full year 2023 earnings released: EPS: HK$0.80 (vs HK$1.39 in FY 2022)Full year 2023 results: EPS: HK$0.80 (down from HK$1.39 in FY 2022). Revenue: HK$92.0b (up 4.3% from FY 2022). Net income: HK$4.29b (down 44% from FY 2022). Profit margin: 4.7% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 10China Gas Holdings Limited to Report Fiscal Year 2023 Results on Jun 26, 2023China Gas Holdings Limited announced that they will report fiscal year 2023 results on Jun 26, 2023
Buying Opportunity • May 29Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 9.3%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.
Recent Insider Transactions • Jan 30Executive Chairman recently bought €587k worth of stockOn the 26th of January, Ming Hui Liu bought around 400k shares on-market at roughly €1.47 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ming Hui's only on-market trade for the last 12 months.
Upcoming Dividend • Dec 29Upcoming dividend of HK$0.10 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 03 February 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.8%).
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 59% over the past three years.
Reported Earnings • Nov 26First half 2023 earnings released: EPS: HK$0.60 (vs HK$0.74 in 1H 2022)First half 2023 results: EPS: HK$0.60 (down from HK$0.74 in 1H 2022). Revenue: HK$43.0b (up 10% from 1H 2022). Net income: HK$3.26b (down 21% from 1H 2022). Profit margin: 7.6% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 26China Gas Holdings Limited Announces Interim Dividend for the Six-Month Period Ended 30 September 2022, Payable on 03 February 2023China Gas Holdings Limited announced Interim dividend of HKD 0.1 per share for the six-month period ended 30 September 2022. The dividend payable on 03 February 2023 and record date of 11 January 2023.
お知らせ • Nov 09China Gas Holdings Limited to Report Q2, 2023 Results on Nov 25, 2022China Gas Holdings Limited announced that they will report Q2, 2023 results on Nov 25, 2022
お知らせ • Oct 08China Gas Holdings Limited Announces Executive ChangesThe board of directors of China Gas Holdings Limited announced that Ms. Lam Ngan Ling has resigned as the Group General Counsel, Company Secretary, an agent for service of process in Hong Kong under the Companies Ordinance and an authorized representative of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 7 October 2022. Following Ms. Lam's resignation, the Board announced that Ms. Chan Wing Ki has been appointed as Group General Counsel, Company Secretary, the Process Agent and the Authorized Representative of the Company with effect from 7 October 2022. Ms. Chan is a solicitor qualified to practice in Hong Kong and an attorney admitted to practice in New York. She has more than 10 years of legal and corporate governance experience, having worked at Allen & Overy, Davis Polk & Wardwell, Latham & Watkins LLP and as in-house counsel and company secretary of various companies.
お知らせ • Aug 19China Gas Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022China Gas Holdings Limited at its AGM held on August 18, 2022 approved final dividend of 45 HK cents per share for the year ended 31 March 2022.
Upcoming Dividend • Aug 16Upcoming dividend of HK$0.45 per shareEligible shareholders must have bought the stock before 23 August 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (5.1%).
お知らせ • Jun 25+ 1 more updateChina Gas Holdings Limited Announces Change in Composition of Remuneration CommitteeThe board of directors of China Gas Holdings Limited announced that in order to enhance the corporate governance of the Company, the Remuneration Committee of the Company shall comprise only of independent non-executive directors, Mr. ZHAO Yuhua, Dr. MAO Erwan, Ms. CHEN Yanyan and Mr. ZHANG Ling. Mr. LIU Ming Hui, Mr. HUANG Yong and Mr. ZHU Weiwei shall cease to be the members of the Remuneration Committee with effect from 24 June 2022.
Reported Earnings • Jun 25Full year 2022 earnings released: EPS: HK$1.39 (vs HK$2.01 in FY 2021)Full year 2022 results: EPS: HK$1.39 (down from HK$2.01 in FY 2021). Revenue: HK$88.2b (up 26% from FY 2021). Net income: HK$7.66b (down 27% from FY 2021). Profit margin: 8.7% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11% compared to a 13% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 25China Gas Holdings Limited, Annual General Meeting, Aug 18, 2022China Gas Holdings Limited, Annual General Meeting, Aug 18, 2022.
お知らせ • Jun 10China Gas Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022China Gas Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €1.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 60% over the past three years.
お知らせ • Mar 10China Gas Holdings Limited Appoints Xiong Bin as the Vice Chairman of the Board, a Non-Executive Director and a Member of the Corporate Governance and Risk Control CommitteeChina Gas Holdings Limited announced that Xiong Bin has been appointed as the Vice Chairman of the Board, a non-executive director and a member of the Corporate Governance and Risk Control Committee of the Company with effect from 8 March 2022. Xiong Bin, aged 55, is currently an executive director and the chief executive officer of Beijing Enterprises Holdings Limited, the assistant to the general manager of Beijing Enterprises Group Company Limited and a director of Beijing Gas Group Co. Ltd. Mr. Xiong joined Beijing Gas Group in 1999, Beijing Enterprises Group in 2011 and Beijing Enterprises in 2021. He has obtained numerous years of experience in public infrastructure facilities management and in strategic and investment management. Mr. Xiong is a PRC engineer. He graduated from the Department of Thermal Engineering of the School of Mechanical Engineering of Tongji University, and received an EMBA degree from the School of Economics and Management of the Tsinghua University. Beijing Enterprises and Beijing Enterprises Group are substantial shareholders of the Company and Beijing Enterprises Group is deemed to be interested in 1,274,433,143 shares of the Company, representing 23.02% of the issued share capital of the Company as at the date of this announcement, among which, 1,271,463,143 Beijing Enterprises Shares are held directly or indirectly by Beijing Enterprises, representing 22.97% of the issued shares of the Company as at the date of this announcement. Mr. Xiong is not interested in any Beijing Enterprises Shares and does not own any shares of the Company.
お知らせ • Feb 01China Gas Holdings Limited Appoints Ma Weihua as Independent Non-Executive Director, Chairman of the Sustainability Committee and a Member of Each of the Audit Committee and the Corporate Governance and Risk Control Committee, Effective 1 February 2022The Board of China Gas Holdings Limited announced that Dr. MA Weihua (``Dr. MA'') has been appointed as an independent non-executive director, chairman of the Sustainability Committee and a member of each of the Audit Committee and the Corporate Governance and Risk Control Committee of the Company with effect from 1 February 2022. Dr. MA Weihua is currently the chairman and a non-executive director of Bison Finance Group Limited, an independent non-executive director of Legend Holdings Corporation and Haidilao International Holding Ltd., an independent director of Guangdong Qunxing Toys Joint Stock Co. Ltd., the chairman of National Fund for Technology Transfer and Commercialization, chairman of the board of China Global Philanthropy Institute, chairman of China Alliance of Social Value Investment, the director-general of One Foundation and held positions including adjunct professor in various higher education institutes such as Peking University and Tsinghua University. Dr. MA previously served as the executive director, president and chief executive officer of China Merchants Bank Co., Ltd, the chairman of the board of CMB Wing Lung Bank Limited, CIGNA and CMC Life Insurance Company Ltd. and China Merchants Fund Management Co. Ltd.
Upcoming Dividend • Dec 30Upcoming dividend of HK$0.10 per shareEligible shareholders must have bought the stock before 06 January 2022. Payment date: 28 January 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.3%). Lower than average of industry peers (5.0%).
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €1.64, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 40% over the past three years.
Reported Earnings • Dec 01First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: HK$0.74 (down from HK$0.97 in 1H 2021). Revenue: HK$38.9b (up 43% from 1H 2021). Net income: HK$4.11b (down 19% from 1H 2021). Profit margin: 11% (down from 19% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 8.1% compared to a 4.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 16Upcoming dividend of HK$0.45 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 30 September 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (5.8%).
Reported Earnings • Jun 29Full year 2021 earnings released: EPS HK$2.01 (vs HK$1.76 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: HK$70.0b (up 18% from FY 2020). Net income: HK$10.5b (up 14% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to HK$2.57, 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 23% over the past three years.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to HK$2.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 2.6% over the past three years.
お知らせ • Mar 05China Gas Holdings Limited and China Petrochemical Corporation Enter into Strategic Cooperation Framework AgreementThe board of directors of China Gas Holdings Limited announced that, on 4 March 2021, the Company and China Petrochemical Corporation ("Sinopec'') entered into a strategic cooperation framework agreement (the "Strategic Cooperation Framework Agreement''). Both parties agreed to launch comprehensive cooperation in gas business related fields so as to exploit their respective advantages based on the principles of "equality and mutual benefit, taking complementary advantages, reciprocal and mutual win-win cooperation''. Both parties will exploit their respective advantages, that is combining Sinopec's advantages in upstream resources supply of natural gas and liquefied petroleum gas ("LPG'') and in the sales network in liquefied natural gas ("LNG'') receiving terminals, petroleum and natural gas stations with the Group's advantages in mid-stream and downstream natural gas and LPG distribution network across China. Both parties will commence comprehensive strategic cooperation in businesses such as natural gas and LPG resources procurement, downstream gas business, LNG receiving terminals, oil and gas (natural gas and hydrogen) stations/recharging poles and transportation energy targeting in the nationwide market. Sinopec will commence natural gas business cooperation with the Group through Sinopec Natural Gas Company Limited ("Natural Gas Company'') and Sinopec Great Wall Gas Investment Company Limited ("Great Wall Gas''). Natural Gas Company would conduct joint study and cooperation with the Group for the establishment of a natural gas trading company. This trading company would be responsible for the centralised procurement from Sinopec's natural gas resources pool based on the needs of the Group. It is tentatively planned that this trading company would be controlled by Natural Gas Company. Natural Gas Company would support the project companies of the Group in matters such as the consumption and opening of accounts of the self-owned pipeline networks. Meanwhile, the Group would increase the procurement in Sinopec's natural gas resources. Great Wall Gas would conduct joint study and cooperation with the Group for the establishment of a downstream gas project joint venture. This joint venture would be responsible for the merger and acquisition of downstream gas companies and the acquisition of downstream gas concession rights. It is tentatively planned that this joint venture would be controlled by the Company. Sinopec would support the Group to invest in the newly established LNG receiving terminal projects and enjoy the window period for receiving and unloading LNG import resources according to respective shareholding. By leveraging the Group's logistics advantages in regional urban gas trade, coastal imported LNG trade and onshore LNG, as well as giving play to the layout of Sinopec's petroleum/gas stations and the advantages in the Group's gas stations, urban gas terminals and gas pipeline networks, both parties would cooperate in developing oil and gas/recharging pole joint stations, LNG distribution warehouse and relevant logistics system and in the joint development of transportation energy business. The Group and Sinopec will leverage their advantages in LPG resources, deep processing, logistics and warehousing to expand cooperation in the entire LPG industry chain business, including, among other things: deepening the cooperation in the fields of LPG trading and logistics; jointly facilitating the establishment of the national association of LPG importers, coordinating external procurement, and pushing forward the formulation and application of China's LPG import price index; conducting joint study of the feasibility of investing in the construction of public liquefied hydrocarbon storage facilities along the coast and river, as well as the cooperation on the supply of liquefied hydrocarbon resources. Sinopec may lease the LPG terminals and storage facilities of the Group for the operation of LPG industrial raw materials; and agreeing Sinopec to use the Group's terminal storage facilities in order to provide support for Sinopec's onshore LPG resources operation.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$3.26, the stock is trading at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 14.4x. This compares to an average P/E of 14x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 47%.
Is New 90 Day High Low • Jan 04New 90-day high: €3.18The company is up 33% from its price of €2.40 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.16 per share.
お知らせ • Jan 04China Gas Holdings Limited Announces Change of Non-Executive Director and Change of Composition of Board CommitteeThe board of directors of China Gas Holdings Limited announced that Mr. Rajeev Kumar MATHUR resigned as a non-executive director of the Company with effect from 31 December 2020 due to his retirement from GAIL (India) Limited and the same was accepted by the Board on 1 January 2021. The Board announced that Mr. Mahesh Vishwanathan IYER has been appointed as a non-executive director of the Company with effect from 1 January 2021. The Board further announces the change of member of the board committee as follows: following the resignation as a non-executive director of the Company, Mr. MATHUR also resigned as a member of the Corporate Governance and Risk Control Committee with effect from 31 December 2020; and following the appointment as a non-executive director of the Company, Mr. IYER has also been appointed as a member of the Corporate Governance and Risk Control Committee and is entitled to an annual fee of HKD 66,000 for being a member of the committee with effect from 1 January 2021.
Reported Earnings • Dec 17First half 2021 earnings released: EPS HK$0.97The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$27.2b (down 2.7% from 1H 2020). Net income: HK$5.09b (up 3.7% from 1H 2020). Profit margin: 19% (up from 18% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Dec 17Revenue misses expectationsRevenue missed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 19%, compared to a 2.1% growth forecast for the Gas Utilities industry in Germany.
Is New 90 Day High Low • Dec 15New 90-day high: €3.08The company is up 34% from its price of €2.30 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 €5.21 per share.
Reported Earnings • Nov 29First half 2021 earnings released: EPS HK$0.97The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$27.2b (down 2.7% from 1H 2020). Net income: HK$5.09b (up 3.7% from 1H 2020). Profit margin: 19% (up from 18% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 28Revenue misses expectationsRevenue missed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 22% while the growth in Gas Utilities industry in Germany is expected to stay flat.
Is New 90 Day High Low • Nov 24New 90-day high: €3.06The company is up 24% from its price of €2.46 on 25 August 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 €4.57 per share.
お知らせ • Nov 10China Gas Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020China Gas Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020
Valuation Update With 7 Day Price Move • Nov 07Market bids up stock over the past weekAfter last week's 15% share price gain to HK$3.00, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 13x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 20%.
Is New 90 Day High Low • Nov 03New 90-day high: €2.68The company is up 5.0% from its price of €2.56 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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 €4.82 per share.
