China Resources Gas Group Future Growth

Future criteria checks 1/6

China Resources Gas Group is forecast to grow earnings and revenue by 7.8% and 4.9% per annum respectively. EPS is expected to grow by 7.8% per annum. Return on equity is forecast to be 12.1% in 3 years.

Key information

7.8%

Earnings growth rate

7.8%

EPS growth rate

Gas Utilities earnings growth	10.4%
Revenue growth rate	4.9%
Future return on equity	12.1%
Analyst coverage	Good
Last updated	28 Oct 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

SHSC:1193 - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	116,866	6,586	5,920	12,642	19
12/31/2025	111,071	6,088	5,193	12,012	22
12/31/2024	104,903	5,617	4,071	10,936	22
6/30/2024	104,978	5,135	4,344	9,653	N/A
3/31/2024	103,125	5,179	4,676	9,905	N/A
12/31/2023	101,272	5,224	5,008	10,157	N/A
9/30/2023	97,940	5,229	4,082	9,637	N/A
6/30/2023	94,607	5,233	3,156	9,118	N/A
3/31/2023	94,473	4,983	634	6,735	N/A
12/31/2022	94,338	4,733	-1,887	4,351	N/A
9/30/2022	93,608	5,462	-2,107	4,031	N/A
6/30/2022	92,877	6,190	-2,327	3,711	N/A
3/31/2022	86,260	6,293	173	6,051	N/A
12/31/2021	79,642	6,395	2,673	8,390	N/A
9/30/2021	73,900	6,200	3,566	9,015	N/A
6/30/2021	68,158	6,005	4,459	9,639	N/A
3/31/2021	62,011	5,578	4,297	9,128	N/A
12/31/2020	55,864	5,151	4,135	8,616	N/A
9/30/2020	53,620	4,832	4,819	8,945	N/A
6/30/2020	51,376	4,512	5,503	9,273	N/A
3/31/2020	54,176	4,778	5,008	8,938	N/A
12/31/2019	56,976	5,043	4,513	8,602	N/A
9/30/2019	55,663	4,887	3,343	7,868	N/A
6/30/2019	55,491	4,730	2,248	7,245	N/A
3/31/2019	53,328	4,590	2,524	7,793	N/A
12/31/2018	51,165	4,450	2,800	8,342	N/A
9/30/2018	48,577	4,319	2,998	8,564	N/A
6/30/2018	45,989	4,187	3,196	8,786	N/A
3/31/2018	42,914	3,921	N/A	8,291	N/A
12/31/2017	39,838	3,654	N/A	7,796	N/A
9/30/2017	37,518	3,550	N/A	7,597	N/A
6/30/2017	35,198	3,447	N/A	7,397	N/A
3/31/2017	34,057	3,368	N/A	7,381	N/A
12/31/2016	32,916	3,289	N/A	7,365	N/A
9/30/2016	32,783	3,264	N/A	N/A	N/A
6/30/2016	32,649	3,238	N/A	5,786	N/A
3/31/2016	32,742	3,038	N/A	5,738	N/A
12/31/2015	32,834	2,838	N/A	5,690	N/A
9/30/2015	32,152	2,812	N/A	N/A	N/A
6/30/2015	31,469	2,786	N/A	6,094	N/A
3/31/2015	30,093	2,633	N/A	5,785	N/A
12/31/2014	28,717	2,480	N/A	5,476	N/A
9/30/2014	27,032	2,413	N/A	N/A	N/A
6/30/2014	25,348	2,345	N/A	5,070	N/A
3/31/2014	23,818	2,253	N/A	5,370	N/A
12/31/2013	22,288	2,161	N/A	5,671	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1193's forecast earnings growth (7.8% per year) is above the savings rate (2.3%).

Earnings vs Market: 1193's earnings (7.8% per year) are forecast to grow slower than the Hong Kong market (11.5% per year).

High Growth Earnings: 1193's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1193's revenue (4.9% per year) is forecast to grow slower than the Hong Kong market (7.8% per year).

High Growth Revenue: 1193's revenue (4.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1193's Return on Equity is forecast to be low in 3 years time (12.1%).

China Resources Gas Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

China Resources Gas Group Limited Announces Board and Committee Appointments

Now 20% undervalued

Investor sentiment improves as stock rises 15%

First half dividend increased to HK$0.25

First half 2024 earnings released: EPS: HK$1.52 (vs HK$1.56 in 1H 2023)

China Resources Gas Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on November 4, 2024

China Resources Gas Group Limited Announces Resignation of Yang Ping as Chief Executive Officer

China Resources Gas Group Limited to Report First Half, 2024 Results on Aug 30, 2024

China Resources Gas Group Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$1.01 per share

Full year 2023 earnings released: EPS: HK$2.30 (vs HK$2.09 in FY 2022)

China Resources Gas Group Limited, Annual General Meeting, May 24, 2024

Full year 2023 earnings released: EPS: HK$2.30 (vs HK$2.09 in FY 2022)

China Resources Gas Group Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on July 17, 2024

Now 22% undervalued

China Resources Gas Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

China Resources Gas Group Limited Announces Executive Changes, Effective 1 January 2024

China Resources Gas Group Limited Announces Changes of Directors and Members of Board Committees

Upcoming dividend of HK$0.15 per share at 4.8% yield

First half 2023 earnings released: EPS: HK$1.56 (vs HK$1.34 in 1H 2022)

China Resources Gas Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 27 October 2023

China Resources Gas Group Limited to Report First Half, 2023 Results on Aug 25, 2023

China Resources Gas Group Limited Approves the Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of HK$0.90 per share at 3.7% yield

Independent Non-Executive Director recently bought HK$536k worth of stock

Full year 2022 earnings released: EPS: HK$2.09 (vs HK$2.82 in FY 2021)

Investor sentiment improved over the past week

Less than half of directors are independent

Independent Non-Executive Director recently bought HK$500k worth of stock

China Resources Gas Group Limited Announces Executive Changes

Independent Non-Executive Director recently bought HK$557k worth of stock

Upcoming dividend of HK$0.15 per share

China Resources Gas Group Limited Declares an Interim Dividend for the Six Months Ended June 30, 2022, Payable on 25 October, 2022

First half 2022 earnings released: EPS: HK$1.34 (vs HK$1.43 in 1H 2021)

China Resources Gas Group Limited to Report Q2, 2022 Results on Aug 26, 2022

China Resources Gas Group Limited Approves Final Dividend for the Year Ended 31 December 2021

Independent Non-Executive Director recently bought HK$600k worth of stock

Upcoming dividend of HK$1.12 per share

Less than half of directors are independent

China Resources Gas Group Limited Declares Final Dividend for the Year Ended December 31, 2021

China Resources Gas Group Limited to Report Fiscal Year 2021 Results on Mar 18, 2022

Non-Executive Chairman of the Board recently bought HK$5.5m worth of stock

Non-Executive Chairman of the Board recently bought HK$3.7m worth of stock

Non-Executive Director recently bought HK$399k worth of stock

CEO & Executive Director Baofeng Shi has left the company

Investor sentiment deteriorated over the past week

Non-Executive Chairman of the Board recently bought HK$6.1m worth of stock

First half 2021 earnings released: EPS HK$1.43 (vs HK$1.09 in 1H 2020)

Non-Executive Director Ying Chen has left the company

Non-Executive Director Yan Wang has left the company

Upcoming dividend of HK$0.15 per share

First half 2021 earnings released: EPS HK$1.43 (vs HK$1.09 in 1H 2020)

Non-Executive Director has left the company

China Resources Gas Group Limited Declares Final Dividend for the Year Ended December 31, 2020

Upcoming dividend of HK$0.78 per share

Full year 2020 earnings released: EPS HK$2.31 (vs HK$2.32 in FY 2019)

Full year 2020 earnings released: EPS HK$2.31 (vs HK$2.32 in FY 2019)

China Resources Gas Group Limited to Report Fiscal Year 2020 Results on Mar 26, 2021

New 90-day high: HK$43.00

New 90-day high: HK$41.30

New 90-day high: HK$38.75

New 90-day low: HK$32.60

New 90-day low: HK$33.40

Non-Executive Chairman of the Board recently bought HK$1.7m worth of stock

First half earnings released

Independent Non-Executive Director recently bought HK$726k worth of stock

First half earnings released

China Resources Gas Group Limited to Report First Half, 2020 Results on Aug 25, 2020

New 90-day low - HK$36.75

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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