Announcement • Jul 15
China CITIC Financial Asset Management Co., Ltd. (SEHK:2799) acquired 11.87% stake in Guizhou Gas Group Corporation Ltd. (SHSE:600903) from Beijing Dongjia Investment Co., Ltd. China CITIC Financial Asset Management Co., Ltd. (SEHK:2799) agreed to acquire 11.87% stake in Guizhou Gas Group Corporation Ltd. (SHSE:600903) from Beijing Dongjia Investment Co., Ltd. on June 27, 2026. China CITIC Financial Asset Management acquired 11.87% stake in Guizhou Gas Group Corporation.
China CITIC Financial Asset Management Co., Ltd. (SEHK:2799) completed the acquisition of 11.87% stake in Guizhou Gas Group Corporation Ltd. (SHSE:600903) from Beijing Dongjia Investment Co., Ltd. on July 13, 2026. 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 Declared Dividend • Jun 11
Dividend reduced to CN¥0.014 Dividend of CN¥0.014 is 32% lower than last year. Ex-date: 15th June 2026 Payment date: 15th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but 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 11% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. Board Change • May 20
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Chairman Yue Dong Cheng is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 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 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 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 9% 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 30
First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.08 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.08 in 1Q 2023). Revenue: CN¥2.03b (up 6.1% from 1Q 2023). Net income: CN¥101.8m (up 17% from 1Q 2023). Profit margin: 5.0% (up from 4.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. 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. New Risk • Aug 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 6.1% 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 16% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). 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 22% 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 11% per year, which means it has not declined as severely as 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. 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. 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. 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. 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. Is New 90 Day High Low • Jan 23
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 6.0% over the same period. 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 04
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 flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 8.0% 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. 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. 
