Announcement • Jun 30
Guizhou Gas Group Corporation Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Guizhou Gas Group Corporation Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.8% 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 Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 25% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.05 in FY 2024) Full year 2025 results: EPS: CN¥0.04 (down from CN¥0.05 in FY 2024). Revenue: CN¥6.64b (flat on FY 2024). Net income: CN¥47.1m (down 25% from FY 2024). Profit margin: 0.7% (down from 0.9% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Guizhou Gas Group Corporation Ltd., Annual General Meeting, May 26, 2026 Guizhou Gas Group Corporation Ltd., Annual General Meeting, May 26, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guiyang, Guizhou China Announcement • Mar 30
Guizhou Gas Group Corporation Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Guizhou Gas Group Corporation Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Guizhou Gas Group Corporation Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Guizhou Gas Group Corporation Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.054 loss per share (vs CN¥0.038 loss in 3Q 2024) Third quarter 2025 results: CN¥0.054 loss per share (further deteriorated from CN¥0.038 loss in 3Q 2024). Revenue: CN¥1.21b (down 11% from 3Q 2024). Net loss: CN¥50.7m (loss widened 27% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Guizhou Gas Group Corporation Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Guizhou Gas Group Corporation Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Guizhou Gas Group Corporation Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Guizhou Gas Group Corporation Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 141% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Paying a dividend despite having no free cash flows. Earnings have declined by 18% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Declared Dividend • Jun 12
Dividend of CN¥0.021 announced Shareholders will receive a dividend of CN¥0.021. Ex-date: 16th June 2025 Payment date: 16th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS has declined by 28% over the last 5 years so the company would need to reverse this trend. New Risk • May 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 1.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). New Risk • Apr 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 1.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.07 in FY 2023) Full year 2024 results: EPS: CN¥0.05 (down from CN¥0.07 in FY 2023). Revenue: CN¥6.68b (up 9.6% from FY 2023). Net income: CN¥62.5m (down 20% from FY 2023). Profit margin: 0.9% (down from 1.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Announcement • Apr 26
Guizhou Gas Group Corporation Ltd., Annual General Meeting, May 26, 2025 Guizhou Gas Group Corporation Ltd., Annual General Meeting, May 26, 2025, at 14:00 China Standard Time. Location: 3F, Building 1, Huibang Business Center, National Hi-tech Zone, Guiyang, Guizhou China Announcement • Apr 10
Guizhou Gas Group Corporation Ltd. announced a financing transaction Guizhou Gas Group Corporation Ltd. announced a private placement to issue A shares on April 8, 2025. The transaction will include participation from more than 35 specific investors. The shares to be issued will be subject to a lockup period of 6 months. The transaction has been approved in 3rd directorate during its 25th meeting, and 3rd supervisory board during its 18th meeting, subject to approval by shareholders’ meeting Shanghai Stock Exchange and China Securities Regulatory Commission, Announcement • Mar 28
Guizhou Gas Group Corporation Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Guizhou Gas Group Corporation Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Guizhou Gas Group Corporation Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Guizhou Gas Group Corporation Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.038 loss per share (vs CN¥0.022 profit in 3Q 2023) Third quarter 2024 results: CN¥0.038 loss per share (down from CN¥0.022 profit in 3Q 2023). Revenue: CN¥1.35b (up 13% from 3Q 2023). Net loss: CN¥39.8m (down 247% from profit in 3Q 2023). 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 10% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Guizhou Gas Group Corporation Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Guizhou Gas Group Corporation Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.051 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.051 (in line with 2Q 2023). Revenue: CN¥1.47b (up 9.5% from 2Q 2023). Net income: CN¥61.5m (up 7.6% from 2Q 2023). Profit margin: 4.2% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
Guizhou Gas Group Corporation Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Guizhou Gas Group Corporation Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • May 01
Guizhou Gas Group Corporation Ltd., Annual General Meeting, May 20, 2024 Guizhou Gas Group Corporation Ltd., Annual General Meeting, May 20, 2024, at 09:30 China Standard Time. Location: 2F, No. 298, Xintian Avenue South Section, Yunyan District, Guiyang, Guizhou China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.02 in FY 2022) Full year 2023 results: EPS: CN¥0.07 (up from CN¥0.02 in FY 2022). Revenue: CN¥6.10b (down 1.1% from FY 2022). Net income: CN¥78.1m (up 206% from FY 2022). Profit margin: 1.3% (up from 0.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Guizhou Gas Group Corporation Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Guizhou Gas Group Corporation Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Dec 29
Guizhou Gas Group Corporation Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Guizhou Gas Group Corporation Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Sep 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 12% per year over the past 5 years. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.051 (vs CN¥0.019 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.051 (up from CN¥0.019 loss in 2Q 2022). Revenue: CN¥1.34b (up 1.1% from 2Q 2022). Net income: CN¥57.2m (up CN¥78.7m from 2Q 2022). Profit margin: 4.3% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Guizhou Gas Group Corporation Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Guizhou Gas Group Corporation Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥10.02, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 8x in the Oil and Gas industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: CN¥0.08 (vs CN¥0.05 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.08 (up from CN¥0.05 loss in 1Q 2022). Revenue: CN¥1.91b (up 6.2% from 1Q 2022). Net income: CN¥87.4m (up CN¥149.4m from 1Q 2022). Profit margin: 4.6% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Jian Xin Cao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.03 profit in 3Q 2021) Third quarter 2022 results: CN¥0.018 loss per share (down from CN¥0.03 profit in 3Q 2021). Revenue: CN¥1.07b (up 15% from 3Q 2021). Net loss: CN¥19.0m (down 155% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.019 loss per share (vs CN¥0.076 profit in 2Q 2021) Second quarter 2022 results: CN¥0.019 loss per share (down from CN¥0.076 profit in 2Q 2021). Revenue: CN¥1.33b (up 22% from 2Q 2021). Net loss: CN¥21.5m (down 120% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jun 21
Guizhou Gas Group Corporation Ltd.(XSSC:600903) dropped from S&P Global BMI Index Guizhou Gas Group Corporation Ltd.(XSSC:600903) dropped from S&P Global BMI Index Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.15 (vs CN¥0.18 in FY 2020) Full year 2021 results: EPS: CN¥0.15 (down from CN¥0.18 in FY 2020). Revenue: CN¥5.09b (up 20% from FY 2020). Net income: CN¥176.3m (down 15% from FY 2020). Profit margin: 3.5% (down from 4.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Jian Xin Cao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.77, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 14x in the Oil and Gas industry in China. Total loss to shareholders of 53% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.05 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥928.0m (up 10% from 3Q 2020). Net income: CN¥34.4m (down 44% from 3Q 2020). Profit margin: 3.7% (down from 7.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.076 (vs CN¥0.09 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.09b (up 17% from 2Q 2020). Net income: CN¥110.2m (up 31% from 2Q 2020). Profit margin: 10% (up from 9.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 17
Hong Ming completed the acquisition of 5% stake in Guizhou Gas Group Corporation Ltd. (SHSE:600903) from Beijing Dongjia Investment Co., Ltd. Hong Ming signed an agreement to acquire 5% stake in Guizhou Gas Group Corporation Ltd. (SHSE:600903) from Beijing Dongjia Investment Co., Ltd. for approximately CMY 480 million on May 31, 2021.
Hong Ming completed the acquisition of 5% stake in Guizhou Gas Group Corporation Ltd. (SHSE:600903) from Beijing Dongjia Investment Co., Ltd. on June 16, 2021. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.02 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥1.42b (up 43% from 1Q 2020). Net income: CN¥17.4m (down 30% from 1Q 2020). Profit margin: 1.2% (down from 2.5% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥11.72, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 16x in the Oil and Gas industry in China. Total loss to shareholders of 44% over the past three years. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.24b (up 3.9% from FY 2019). Net income: CN¥206.4m (up 8.2% from FY 2019). Profit margin: 4.9% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥10.72 The company is down 9.0% from its price of CN¥11.81 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 9.0% over the same period. Announcement • Jan 21
Guizhou Gas Group Corporation Ltd. to Report Fiscal Year 2020 Results on Mar 02, 2021 Guizhou Gas Group Corporation Ltd. announced that they will report fiscal year 2020 results on Mar 02, 2021 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥13.35, the stock is trading at a trailing P/E ratio of 78.3x, up from the previous P/E ratio of 67.9x. This compares to an average P/E of 18x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 12%. Is New 90 Day High Low • Dec 18
New 90-day high: CN¥12.73 The company is up 11% from its price of CN¥11.45 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: CN¥12.72 The company is up 9.0% from its price of CN¥11.67 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 10.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥193.9m, down 13% from the prior year. Total revenue was CN¥4.01b over the last 12 months, down 1.1% from the prior year. Announcement • Oct 20
Guizhou Gas Group Corporation Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Guizhou Gas Group Corporation Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Oct 15
New 90-day high: CN¥12.16 The company is up 9.0% from its price of CN¥11.20 on 17 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 5.0% over the same period. Announcement • Jul 08
Guizhou Gas Group Corporation Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Guizhou Gas Group Corporation Ltd. announced that they will report first half, 2020 results on Aug 18, 2020 
