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China Gas Holdings Limited (HK:0384)
:0384
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China Gas Holdings (0384) AI Stock Analysis

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HK:0384

China Gas Holdings

(OTC:0384)

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Outperform 71 (OpenAI - 4o)
Rating:71Outperform
Price Target:
HK$9.00
â–²(15.98% Upside)
The overall stock score is primarily driven by stable financial performance and positive technical indicators. The stock's valuation is also favorable, with a reasonable P/E ratio and attractive dividend yield. However, challenges in revenue growth and cash flow stability slightly temper the outlook.
Positive Factors
Negative Factors

China Gas Holdings (0384) vs. iShares MSCI Hong Kong ETF (EWH)

China Gas Holdings Business Overview & Revenue Model

Company DescriptionChina Gas Holdings Limited (stock code: 0384) is one of the leading natural gas service providers in China. The company primarily engages in the distribution of piped gas, the construction and operation of gas pipelines, and the provision of integrated energy services. It operates in various sectors including urban gas distribution, liquefied natural gas (LNG) sales, and the production of gas appliances, catering to residential, commercial, and industrial customers across multiple provinces in China.
How the Company Makes MoneyChina Gas Holdings generates revenue primarily through the sale of natural gas to residential, commercial, and industrial users. The company earns income from the distribution of piped gas, where it charges for the gas supplied and related services. Additionally, it derives revenue from the construction and operation of gas pipelines, often working in partnership with local governments to develop infrastructure. Key revenue streams also include sales of liquefied natural gas (LNG) and gas appliances, as well as maintenance and installation services. Strategic partnerships with municipal governments and other energy companies enhance its market reach and operational capabilities, significantly contributing to its earnings.

China Gas Holdings Financial Statement Overview

Summary
China Gas Holdings demonstrates stable profitability and a balanced capital structure, but faces challenges in revenue growth and cash flow stability. The company should focus on improving operational efficiency and managing its debt levels to enhance financial health.
Income Statement
65
Positive
China Gas Holdings has shown a declining revenue trend over the past few years, with a negative revenue growth rate in the most recent year. Despite this, the company maintains stable gross and net profit margins, indicating efficient cost management. However, the declining EBIT and EBITDA margins suggest potential challenges in operational efficiency.
Balance Sheet
70
Positive
The company's debt-to-equity ratio has increased slightly, indicating a higher reliance on debt financing. However, the return on equity remains positive, reflecting the company's ability to generate returns for shareholders. The equity ratio is stable, suggesting a balanced capital structure.
Cash Flow
60
Neutral
The cash flow analysis reveals a mixed picture. While the operating cash flow remains positive, the free cash flow has shown volatility, with periods of negative growth. The free cash flow to net income ratio indicates that a significant portion of earnings is not translating into free cash flow, which could impact future investments.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue80.47B79.26B81.41B91.99B88.23B69.98B
Gross Profit11.44B11.26B11.30B12.03B15.74B18.10B
EBITDA8.37B10.00B8.50B8.85B12.39B14.89B
Net Income3.12B3.25B3.18B4.29B7.66B10.48B
Balance Sheet
Total Assets153.47B148.22B148.70B157.29B163.15B140.72B
Cash, Cash Equivalents and Short-Term Investments9.23B8.89B8.12B10.72B10.29B9.26B
Total Debt60.77B60.42B59.24B61.39B57.70B50.70B
Total Liabilities89.31B87.49B87.95B92.50B91.08B80.86B
Stockholders Equity57.12B53.86B53.93B57.90B63.58B51.94B
Cash Flow
Free Cash Flow1.46B1.77B5.28B2.30B-673.72M-1.12B
Operating Cash Flow7.46B6.44B11.34B8.26B8.34B7.23B
Investing Cash Flow-5.92B-1.78B-7.05B-10.08B-15.86B-8.89B
Financing Cash Flow-4.03B-3.81B-5.86B2.95B8.78B2.57B

China Gas Holdings Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price7.76
Price Trends
50DMA
7.88
Negative
100DMA
7.49
Positive
200DMA
6.95
Positive
Market Momentum
MACD
<0.01
Positive
RSI
44.43
Neutral
STOCH
27.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0384, the sentiment is Neutral. The current price of 7.76 is below the 20-day moving average (MA) of 7.81, below the 50-day MA of 7.88, and above the 200-day MA of 6.95, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.43 is Neutral, neither overbought nor oversold. The STOCH value of 27.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0384.

China Gas Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$42.71B12.986.04%6.43%-2.64%1.97%
70
Outperform
72.68B11.3013.27%4.66%-3.19%-2.68%
61
Neutral
13.59B8.036.85%1.34%3.86%30.34%
60
Neutral
3.31B10.950.00%4.71%7.55%-32.06%
59
Neutral
44.75B15.020.00%5.07%-4.37%-41.14%
47
Neutral
9.56B65.591.98%0.57%-7.82%-38.06%
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0384
China Gas Holdings
7.76
1.71
28.18%
CRGGF
China Resources Gas Group
2.48
-0.96
-27.91%
TGASF
Towngas China Co
0.48
0.13
37.14%
XNGSF
ENN Energy Holdings
8.24
1.91
30.17%
DE:MJVC
Zhongyu Gas Holdings Limited
0.38
-0.15
-28.30%
HK:1600
Tian Lun Gas Holdings Limited
3.53
0.27
8.28%

China Gas Holdings Corporate Events

China Gas Holdings Re-designates Professor Liu Mingxing as Executive Director
Aug 1, 2025

China Gas Holdings Limited has announced the re-designation of Professor Liu Mingxing from a non-executive director to an executive director, effective August 1, 2025. Professor Liu, who has a strong background in economics and finance, will focus on the development and research of new energy business for the company, potentially impacting its strategic direction and market positioning.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Updates Board of Directors and Committee Roles
Aug 1, 2025

China Gas Holdings Limited announced the updated list of its board of directors and their roles, effective from August 1, 2025. This update includes the appointment of executive, non-executive, and independent non-executive directors, along with the composition of key committees such as the Audit, Nomination, Remuneration, and Corporate Governance and Risk Control Committees. This restructuring is likely to impact the company’s governance and operational strategies, potentially influencing its market position and stakeholder relations.

The most recent analyst rating on (HK:0384) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Announces AGM Agenda and Strategic Resolutions
Jul 28, 2025

China Gas Holdings Limited has announced the details of its upcoming Annual General Meeting (AGM) scheduled for August 21, 2025, in Shenzhen, China. Key agenda items include the approval of audited financial statements, the declaration of a final dividend of HK35 cents per share, and the re-election of several directors. Additionally, the company seeks authorization for the board to fix directors’ and auditors’ remuneration and proposes a resolution to repurchase up to 10% of its shares. These decisions reflect the company’s strategic focus on governance and shareholder value enhancement.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Updates Nomination Committee Terms
Jun 27, 2025

China Gas Holdings Limited has updated the terms of reference for its Nomination Committee, which is responsible for overseeing the appointment of directors. The committee will consist of a majority of independent non-executive directors, ensuring compliance with the requirements of The Stock Exchange of Hong Kong Limited. This update is likely to enhance the company’s governance structure, potentially impacting its operational efficiency and stakeholder trust.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Reports Increased Profit Despite Revenue Dip
Jun 27, 2025

China Gas Holdings Limited reported its annual financial results for the year ending March 31, 2025, showing a slight decrease in revenue to HK$79.26 billion from HK$81.41 billion the previous year. Despite the revenue drop, the company achieved a profit increase to HK$4.19 billion, up from HK$3.85 billion, indicating improved operational efficiency. The total comprehensive income for the year was HK$3.43 billion, a significant recovery from a loss the previous year, highlighting a positive turnaround in financial performance.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Declares Final Dividend for FY2025
Jun 27, 2025

China Gas Holdings Limited has announced a final ordinary cash dividend of HKD 0.35 per share for the financial year ending March 31, 2025. This decision reflects the company’s commitment to returning value to its shareholders and may impact its financial positioning and stakeholder relations positively.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Announces Capital Increase in Subsidiary
Jun 20, 2025

China Gas Holdings Limited has announced a connected transaction involving a capital increase in its subsidiary, the Target Company. The agreement, signed on June 20, 2025, involves China Dual Carbon, Brilliant Linkwise, and Beauty Asia subscribing to a 23% equity interest in the Target Company for RMB216 million. This transaction will dilute China Gas Holdings’ shareholding in the Target Company from 100% to 77%, constituting a deemed disposal under the Listing Rules. The transaction is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Schedules Board Meeting to Approve Annual Results
Jun 10, 2025

China Gas Holdings Limited has announced a board meeting scheduled for June 27, 2025, to approve the company’s annual results for the fiscal year ending March 31, 2025, and to consider the payment of a final dividend. This meeting is significant as it will provide insights into the company’s financial health and future dividend policies, potentially impacting stakeholders’ expectations and the company’s market positioning.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

China Gas Holdings Amends Joint Venture Agreement to Establish Hong Kong Subsidiary
May 30, 2025

China Gas Holdings Limited announced an amendment to its joint venture agreement, establishing the joint venture in Hong Kong instead of the PRC. The company will be a direct party to the joint venture, which will become a subsidiary and have its financial results consolidated into China Gas’s financial statements. The joint venture aims to establish or hold wholly owned subsidiaries to implement its intended businesses and investments. The principal terms of the joint venture, including capital commitments and management structure, remain largely unchanged. This strategic move is expected to enhance China Gas’s operational flexibility and market positioning.

The most recent analyst rating on (HK:0384) stock is a Sell with a HK$5.60 price target. To see the full list of analyst forecasts on China Gas Holdings stock, see the HK:0384 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 06, 2025