China Resources Gas Group stock analysis
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China Resources Gas Group (1193) Stock Price & Analysis
1193 Stock Chart & Stats
- Day’s Range
- HKD 16.59 - HKD 16.88
- 52-Week Range
- HKD 14.53 - HKD 23.38
- Previous Close
- HKD 16.69
- Volume
- N/A
- Average Volume (3M)
- 1.79M
- Market Cap
- HKD 37.86B
- Enterprise Value
- HKD 73.91B
- Total Cash (Recent Filing)
- HKD 13.31B
- Total Debt (Recent Filing)
- HKD 28.00B
- Price to Earnings (P/E)
- 10.8
- Beta
- 0.60
- Next Earnings
- N/A
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 11, 2026
- Dividend Yield
- 5.64%
Bulls Say, Bears Say
Bulls Say
Manageable Leverage
Improving debt-to-equity and growing equity provide a stable financial base for a regulated utility. This supports continued network investment and reduces balance-sheet pressure, giving the company greater flexibility to manage operating volatility over the next several quarters.
Positive Cash Generation
Solid operating cash flow and a strong 2025 free-cash-flow rebound demonstrate that the established distribution business can generate funding internally. That supports maintenance, network expansion, debt service, and shareholder returns without relying entirely on external capital.
Recurring City Gas Network Model
Operating city-gas networks creates an essential-service business with recurring demand across households and commercial and industrial users. The combination of infrastructure ownership, metered consumption, and related connection services can support durable customer relationships and revenue visibility.
Bears Say
Revenue Decline
The recent revenue decline indicates that customer additions, consumption, or pricing effects are not currently producing sustained top-line expansion. If this persists, weaker operating scale could limit investment capacity and make it harder to stabilize profitability across the network.
Margin Compression
The multi-year reduction in net margin shows that the business is converting less revenue into profit than it did historically. Persistently lower margins would reduce earnings resilience, weaken the return from infrastructure assets, and constrain the benefits of future volume growth.
Volatile Free Cash Flow
Although cash generation improved materially in 2025, the prior negative free-cash-flow period and inconsistent cash-to-earnings linkage show that conversion is not reliably smooth. This can complicate capital planning and make funding for network investment less predictable.
China Resources Gas Group News
1193 FAQ
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China Resources Gas Group Stock Smart Score
Company Description
China Resources Gas Group
China Resources Gas Group Limited, an investment holding company, engages in the sale of natural and liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments. The Sale and Distribution of Gas Fuel and Related Products segment sells natural gas and liquefied petroleum gas for residential, commercial, and industrial use. The Gas Connection segment engages in the construction of gas pipeline networks under gas connection contracts. The Comprehensive Services segment sells gas appliances and related products. The Design and Construction Services segment provides design, construction, consultancy, and management services for gas connection projects. The Gas Stations segment engages in the sale of gas fuel in natural gas filling stations. The company was incorporated in 1994 and is based in Wan Chai, Hong Kong. China Resources Gas Group Limited is a subsidiary of CRH (Gas) Limited.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Yan Qin
- Employees
- 55,928
- Website
- www.crcgas.com
- Address
- HK
China Resources Gas Group (1193) Earnings & Revenues
1193 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 5 | 3 |
| Technical Analysis | 4 | 5 | 1 |
| Moving Averages | 10 | 0 | 2 |













