Announcement • Jun 30
Xinjiang Torch Gas Co., Ltd to Report First Half, 2026 Results on Aug 22, 2026 Xinjiang Torch Gas Co., Ltd announced that they will report first half, 2026 results on Aug 22, 2026 Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥20.19, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 22x in the Gas Utilities industry in China. Total returns to shareholders of 65% over the past three years. Declared Dividend • May 27
Dividend reduced to CN¥0.52 Dividend of CN¥0.52 is 7.1% lower than last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 13% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.32 (vs CN¥0.32 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.32 (in line with 1Q 2025). Revenue: CN¥479.9m (up 2.7% from 1Q 2025). Net income: CN¥45.1m (flat on 1Q 2025). Profit margin: 9.4% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Xinjiang Torch Gas Co., Ltd, Annual General Meeting, May 15, 2026 Xinjiang Torch Gas Co., Ltd, Annual General Meeting, May 15, 2026, at 12:30 China Standard Time. Location: The Company's Meeting Room, Kashgar, Xinjiang China Announcement • Mar 30
Xinjiang Torch Gas Co., Ltd to Report Q1, 2026 Results on Apr 25, 2026 Xinjiang Torch Gas Co., Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Buy Or Sell Opportunity • Mar 04
Now 27% undervalued Over the last 90 days, the stock has risen 7.9% to CN¥24.98. The fair value is estimated to be CN¥34.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 22%. Announcement • Dec 26
Xinjiang Torch Gas Co., Ltd to Report Fiscal Year 2025 Results on Apr 25, 2026 Xinjiang Torch Gas Co., Ltd announced that they will report fiscal year 2025 results on Apr 25, 2026 Board Change • Dec 13
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 4 highly experienced directors. Chairman of the Supervisory Board Jiahao Fu is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.39 (vs CN¥0.34 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.39 (up from CN¥0.34 in 3Q 2024). Revenue: CN¥334.8m (up 4.5% from 3Q 2024). Net income: CN¥55.1m (up 12% from 3Q 2024). Profit margin: 17% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year. Announcement • Sep 30
Xinjiang Torch Gas Co., Ltd to Report Q3, 2025 Results on Oct 25, 2025 Xinjiang Torch Gas Co., Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.40 (vs CN¥0.32 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.40 (up from CN¥0.32 in 2Q 2024). Revenue: CN¥315.3m (up 8.9% from 2Q 2024). Net income: CN¥57.1m (up 26% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Aug 14
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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥22.10, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 19x in the Gas Utilities industry in China. Total returns to shareholders of 50% over the past three years. Announcement • Jun 30
Xinjiang Torch Gas Co., Ltd to Report First Half, 2025 Results on Aug 22, 2025 Xinjiang Torch Gas Co., Ltd announced that they will report first half, 2025 results on Aug 22, 2025 Declared Dividend • May 25
Dividend increased to CN¥0.56 Dividend of CN¥0.56 is 19% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.26 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.26 in 1Q 2024). Revenue: CN¥467.2m (up 11% from 1Q 2024). Net income: CN¥45.5m (up 25% from 1Q 2024). Profit margin: 9.7% (up from 8.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Xinjiang Torch Gas Co., Ltd, Annual General Meeting, May 15, 2025 Xinjiang Torch Gas Co., Ltd, Annual General Meeting, May 15, 2025, at 12:30 China Standard Time. Location: The Company's Meeting Room, Kashgar, Xinjiang China Announcement • Mar 28
Xinjiang Torch Gas Co., Ltd to Report Q1, 2025 Results on Apr 25, 2025 Xinjiang Torch Gas Co., Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 27
Xinjiang Torch Gas Co., Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Xinjiang Torch Gas Co., Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.34 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.34. Revenue: CN¥320.4m (up 38% from 3Q 2023). Net income: CN¥49.2m (up 1.5% from 3Q 2023). Profit margin: 15% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Sep 30
Xinjiang Torch Gas Co., Ltd to Report Q3, 2024 Results on Oct 25, 2024 Xinjiang Torch Gas Co., Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.58, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 15x in the Gas Utilities industry in China. Total loss to shareholders of 11% over the past three years. Announcement • Jun 28
Xinjiang Torch Gas Co., Ltd to Report First Half, 2024 Results on Aug 23, 2024 Xinjiang Torch Gas Co., Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • Apr 27
Xinjiang Torch Gas Co., Ltd, Annual General Meeting, May 17, 2024 Xinjiang Torch Gas Co., Ltd, Annual General Meeting, May 17, 2024, at 12:30 China Standard Time. Location: The Company's Meeting Room, Kashgar, Xinjiang China Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.18 in 1Q 2023). Revenue: CN¥422.3m (up 55% from 1Q 2023). Net income: CN¥36.4m (up 43% from 1Q 2023). Profit margin: 8.6% (down from 9.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 30
Xinjiang Torch Gas Co., Ltd to Report Q1, 2024 Results on Apr 26, 2024 Xinjiang Torch Gas Co., Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥12.82, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 17x in the Gas Utilities industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Dec 29
Xinjiang Torch Gas Co., Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Xinjiang Torch Gas Co., Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Oct 23
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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.62, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 19x in the Gas Utilities industry in China. Total returns to shareholders of 8.7% over the past three years. Announcement • Sep 30
Xinjiang Torch Gas Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023 Xinjiang Torch Gas Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.36 (up from CN¥0.27 in 2Q 2022). Revenue: CN¥231.0m (up 19% from 2Q 2022). Net income: CN¥51.1m (up 29% from 2Q 2022). Profit margin: 22% (up from 20% in 2Q 2022). The increase in margin was driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Xinjiang Torch Gas Co., Ltd to Report First Half, 2023 Results on Aug 25, 2023 Xinjiang Torch Gas Co., Ltd announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.26 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.26 in 1Q 2022). Revenue: CN¥273.0m (up 4.2% from 1Q 2022). Net income: CN¥25.5m (down 29% from 1Q 2022). Profit margin: 9.3% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Wensheng Lin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2021). Revenue: CN¥160.0m (down 3.8% from 3Q 2021). Net income: CN¥16.1m (down 20% from 3Q 2021). Profit margin: 10% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 29
Jiangxi China Gas Investment Co., Ltd. completed the acquisition of 7.41166% stake in Xinjiang Torch Gas Co., Ltd (SHSE:603080). Jiangxi China Gas Investment Co., Ltd signed a Letter of Intent to acquire a 15.68% stake in Xinjiang Torch Gas Co., Ltd (SHSE:603080) from Zhao Anlin, Chen Zhilong, Guo Peng, Yan Shijun, Qin Xiuli, Zhang Xiuli, Reyihan Guli Sutan, Zhao Haibin and Yang Hengjun on November 19, 2021. As of July 22, 2022, Jiangxi China Gas Investment signed a Share Transfer Agreement to acquire a 7.41% stake in Xinjiang Torch Gas from Chen Zhilong, Guo Peng, Yan Shijun, Qin Xiuli, Zhang Xiuli, Reyihan Guli Sutan, Zhao Haibin and Yang Hengjun for CNY 194.3 million and Zhao Anlin will not transfer his shares. will pay the consideration using own funds and self-raised funds. As of the disclosure date of this announcement, the due diligence work has been completed.
Jiangxi China Gas Investment Co., Ltd. completed the acquisition of 7.41166% stake in Xinjiang Torch Gas Co., Ltd (SHSE:603080) on September 28, 2022. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.18 in 2Q 2021). Revenue: CN¥194.2m (up 2.0% from 2Q 2021). Net income: CN¥39.6m (up 55% from 2Q 2021). Profit margin: 20% (up from 13% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Wensheng Lin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.24 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.24 in 1Q 2021). Revenue: CN¥262.0m (up 3.6% from 1Q 2021). Net income: CN¥36.1m (up 6.9% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.67, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 19x in the Gas Utilities industry in China. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥18.12, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 19x in the Gas Utilities industry in China. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥14.59, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 19x in the Gas Utilities industry in China. Total loss to shareholders of 44% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.015 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥166.3m (up 69% from 3Q 2020). Net income: CN¥20.0m (up CN¥17.9m from 3Q 2020). Profit margin: 12% (up from 2.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥15.43, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 21x in the Gas Utilities industry in China. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.76, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 23x in the Gas Utilities industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥190.4m (up 40% from 2Q 2020). Net income: CN¥25.6m (up 77% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. 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 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥16.61, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 20x in the Gas Utilities industry in China. Total loss to shareholders of 45% over the past three years. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CN¥0.52 (vs CN¥0.62 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥677.3m (up 18% from FY 2019). Net income: CN¥74.1m (down 15% from FY 2019). Profit margin: 11% (down from 15% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥13.58, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 21x in the Gas Utilities industry in China. Total loss to shareholders of 64% over the past three years. 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¥13.44, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 23x in the Gas Utilities industry in China. Total loss to shareholders of 56% over the past three years. Announcement • Jan 28
Xinjiang Torch Gas Co., Ltd(XSSC:603080) dropped from S&P Global BMI Index Xinjiang Torch Gas Co., Ltd(XSSC:603080) dropped from S&P Global BMI Index Is New 90 Day High Low • Jan 25
New 90-day low: CN¥10.88 The company is down 23% from its price of CN¥14.11 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 12% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥12.67 The company is down 7.0% from its price of CN¥13.65 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥13.12 The company is down 27% from its price of CN¥18.09 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 01
New 90-day low: CN¥13.40 The company is down 16% from its price of CN¥15.86 on 03 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 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¥85.3m, up 27% from the prior year. Total revenue was CN¥684.8m over the last 12 months, up 53% from the prior year. Announcement • Oct 20
Xinjiang Torch Gas Co., Ltd to Report Q3, 2020 Results on Oct 27, 2020 Xinjiang Torch Gas Co., Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 24
New 90-day high: CN¥18.78 The company is up 47% from its price of CN¥12.80 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 1.0% over the same period. Announcement • Jul 10
Xinjiang Torch Gas Co., Ltd to Report First Half, 2020 Results on Aug 27, 2020 Xinjiang Torch Gas Co., Ltd announced that they will report first half, 2020 results on Aug 27, 2020 
