Want to see HK:0384 full AI Analyst Report?
China Gas Holdings (0384) AI Stock Analysis
Top Page
China Gas Holdings
(HKEX:0384)
The score is driven primarily by weakening financial performance (shrinking revenues, compressed margins, and lower ROE with higher leverage) and bearish technicals (price below key moving averages with negative momentum). These headwinds are partly offset by relatively attractive valuation and income characteristics (low P/E and high dividend yield).
China Gas Holdings (0384) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 3.60B
- Dividend Yield
- 7.05%
- Average Volume (3M)
- 13.84M
- Price to Earnings (P/E)
- 9.7
- Beta (1Y)
- 0.60
- Revenue Growth
- -7.13%
- EPS Growth
- -16.53%
- Country
- Hong Kong
- Employees
- 70,000
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Gas
China Gas Holdings Business Overview & Revenue Model
Company Description
China Gas Holdings Limited operates as a leading gas utility and service provider across the People's Republic of China. The company's core activities involve the investment, construction, operation, and maintenance of comprehensive urban and regiona...
How the Company Makes Money
China Gas Holdings primarily makes money through a mix of recurring energy supply revenue and project/service-based income tied to network expansion and customer additions. 1) Gas sales (recurring supply revenue): The core revenue stream is selling n...
China Gas Holdings Financial Statement Overview
Summary
Mid-range fundamentals: profitability has weakened with three straight years of revenue decline and significant margin compression (net margin ~3.7% in 2026 vs. ~15.0% in 2021). The balance sheet remains serviceable but leverage is higher (debt ~1.16x equity) and ROE has fallen (~4.8% in 2026 vs. ~20.2% in 2021). Cash flow is positive but uneven, with volatile free cash flow and limited confidence in 2026 cash conversion metrics.
Income Statement
52NeutralBalance Sheet
57NeutralCash Flow
54Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.60B | 73.60B | 79.26B | 81.41B | 91.99B | 88.23B |
| Gross Profit | 10.88B | 10.88B | 11.26B | 11.30B | 12.03B | 15.74B |
| EBITDA | 8.86B | 8.86B | 10.00B | 9.64B | 10.71B | 12.39B |
| Net Income | 2.72B | 2.72B | 3.25B | 3.18B | 4.29B | 7.66B |
Balance Sheet | ||||||
| Total Assets | 157.73B | 157.73B | 148.22B | 148.70B | 157.29B | 163.15B |
| Cash, Cash Equivalents and Short-Term Investments | 12.45B | 12.45B | 8.89B | 8.12B | 10.72B | 10.29B |
| Total Debt | 66.54B | 66.54B | 60.42B | 59.24B | 61.39B | 57.70B |
| Total Liabilities | 92.95B | 92.95B | 87.49B | 87.95B | 92.50B | 91.08B |
| Stockholders Equity | 57.17B | 57.17B | 53.86B | 53.93B | 57.90B | 63.58B |
Cash Flow | ||||||
| Free Cash Flow | 2.57B | 1.36B | 1.77B | 5.28B | 2.30B | -673.72M |
| Operating Cash Flow | 7.02B | 5.84B | 6.44B | 11.34B | 8.26B | 8.34B |
| Investing Cash Flow | -2.18B | -2.96B | -1.78B | -7.05B | -10.08B | -15.86B |
| Financing Cash Flow | -2.26B | -521.20M | -3.81B | -5.86B | 2.95B | 8.78B |
China Gas Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0384, the sentiment is Negative. The current price of 4.96 is below the 20-day moving average (MA) of 5.11, below the 50-day MA of 5.36, and below the 200-day MA of 6.42, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 39.92 is Neutral, neither overbought nor oversold. The STOCH value of 22.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0384.
China Gas Holdings Peers Comparison
Overall Rating
HK:268868Neutral
HK:119363Neutral
HK:000359Neutral- HK:038456Neutral
HK:108348Neutral
HK:163548Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2688 | 68Neutral | HKD 55.06B | 7.50 | 12.80% | 6.21% | 5.69% | 8.67% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| HK:1193 | 63Neutral | HKD 37.02B | 10.46 | 7.90% | 5.82% | 0.94% | 17.12% |
| HK:0003 | 59Neutral | HKD 135.66B | 20.77 | 10.65% | 4.81% | 1.53% | 12.95% |
| HK:0384 | 56Neutral | HKD 27.02B | 9.72 | 4.80% | 7.05% | -7.13% | -16.53% |
| HK:1083 | 48Neutral | HKD 11.14B | 7.01 | 5.79% | 6.44% | 2.60% | -11.05% |
| HK:1635 | 48Neutral | HKD 12.31B | 35.41 | 3.71% | 3.18% | 6.15% | -21.68% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0384 | China Gas Holdings | 4.96 | -2.65 | -34.78% | |
| HK:1193 | China Resources Gas Group | 16.32 | -3.68 | -18.39% | |
| HK:0003 | Hong Kong & China Gas Co | 7.27 | 0.40 | 5.76% | |
| HK:1083 | Towngas China Co | 2.94 | -0.74 | -20.12% | |
| HK:2688 | ENN Energy Holdings | 48.76 | -14.52 | -22.94% | |
| HK:1635 | Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H | 1.81 | -2.35 | -56.53% |
China Gas Holdings Corporate Events
China Gas Unit Zhongran Investment Posts Strong Nine-Month Unaudited Results
China Gas Holdings Limited has disclosed unaudited nine-month financial data for its wholly owned subsidiary Zhongran Investment Limited Company, a key financing arm in the mainland China market. Zhongran Investment had total assets of RMB61.1 billio...
China Gas reshapes board as Beijing Gas veteran joins leadership
China Gas Holdings has announced a boardroom reshuffle, with executive director Zhao Kun stepping down from the board and the executive committee effective 20 October 2026 to focus on other business commitments. The company said Zhao has no disagreem...
China Gas Updates Board and Committee Line-Up to Strengthen Governance
China Gas Holdings Limited has updated the composition of its board of directors and board committees, effective 20 October 2026, detailing the roles of its executive, non-executive and independent non-executive directors. The announcement clarifies...
China Gas Unit Zhongran Posts Interim Profit as Bond Market Disclosure Rises
China Gas Holdings has disclosed interim financial information for its wholly owned unit Zhongran Investment, which has RMB5 billion of outstanding notes and bonds in China, to comply with mainland regulatory requirements. The subsidiary reported una...
China Gas Shareholders Approve All AGM Resolutions, Back Dividend and Board Mandates
China Gas Holdings Limited reported that all resolutions put to shareholders at its 21 August 2026 annual general meeting were approved by poll, underscoring strong support for the company’s current governance and strategic direction. Investors...
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: Nov 01, 2026