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China Resources Gas Group (1193) AI Stock Analysis
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China Resources Gas Group
(HKEX:1193)
The score reflects stable but deteriorating operating performance (margin/ROE compression and a small revenue decline) offset by a solid balance sheet and improved 2025 free cash flow. Valuation is a clear positive (low P/E and high dividend yield), while technicals remain mixed with the stock still below key longer-term moving averages.
China Resources Gas Group (1193) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 4.51B
- Dividend Yield
- 5.82%
- Average Volume (3M)
- 2.99M
- Price to Earnings (P/E)
- 10.5
- Beta (1Y)
- 0.61
- Revenue Growth
- 0.94%
- EPS Growth
- 17.12%
- Country
- Hong Kong
- Employees
- 55,928
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Gas
China Resources Gas Group Business Overview & Revenue Model
Company Description
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, C...
How the Company Makes Money
China Resources Gas Group primarily makes money through regulated and contract-based energy supply and related service fees tied to its city gas operations. 1) Gas sales to end-users (core recurring revenue) - Piped natural gas sales: The company pur...
China Resources Gas Group Financial Statement Overview
Summary
Financials are stable but trending weaker: 2025 revenue dipped (-2.6%) and profitability has compressed, with net margin down to ~3.6% vs ~5.2% in 2023 and ~8–9% in 2020–2021. Balance sheet leverage looks manageable for a regulated utility (debt-to-equity ~0.55 in 2025, improved from ~0.67 in 2023), but ROE has moderated to ~8.0%. Cash flow is supportive with strong 2025 free cash flow (~3.1B) and positive operating cash flow (~6.3B), though free cash flow has been volatile historically (negative in 2022).
Income Statement
54NeutralBalance Sheet
63PositiveCash Flow
59Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.33B | 97.73B | 102.68B | 101.27B | 94.34B | 79.64B |
| Gross Profit | 17.90B | 17.42B | 18.26B | 18.45B | 17.97B | 19.10B |
| EBITDA | 10.16B | 9.79B | 10.17B | 13.24B | 12.02B | 13.14B |
| Net Income | 3.57B | 3.55B | 4.09B | 5.22B | 4.73B | 6.40B |
Balance Sheet | ||||||
| Total Assets | 147.72B | 136.41B | 132.48B | 137.87B | 112.05B | 106.14B |
| Cash, Cash Equivalents and Short-Term Investments | 13.31B | 8.95B | 7.53B | 10.81B | 6.44B | 10.09B |
| Total Debt | 28.00B | 24.15B | 23.52B | 27.12B | 22.97B | 12.01B |
| Total Liabilities | 75.75B | 67.51B | 68.51B | 74.49B | 59.76B | 52.10B |
| Stockholders Equity | 46.27B | 44.18B | 41.17B | 40.77B | 39.33B | 41.26B |
Cash Flow | ||||||
| Free Cash Flow | 3.64B | 3.06B | 2.80B | 4.51B | -2.14B | 2.85B |
| Operating Cash Flow | 6.78B | 6.31B | 7.00B | 10.16B | 4.28B | 8.80B |
| Investing Cash Flow | -6.64B | -3.82B | -2.23B | -4.53B | -15.13B | -11.14B |
| Financing Cash Flow | -3.33B | -3.17B | -7.43B | -1.96B | 7.62B | -3.35B |
China Resources Gas Group Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1193, the sentiment is Positive. The current price of 16.32 is below the 20-day moving average (MA) of 16.36, below the 50-day MA of 16.33, and below the 200-day MA of 17.46, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 24.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1193.
China Resources Gas Group Peers Comparison
Overall Rating
HK:268868Neutral- HK:119361Neutral
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 | 61Neutral | 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:1193 | China Resources Gas Group | 16.32 | -3.68 | -18.39% | |
| HK:0384 | China Gas Holdings | 4.96 | -2.65 | -34.78% | |
| 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 Resources Gas Group Corporate Events
China Resources Gas Subsidiary Posts Higher Revenue but Lower Profit in H1 2026
China Resources Gas Group disclosed unaudited interim financial figures for its wholly owned mainland subsidiary, China Resources Gas Investment (China) Company Limited, for the six months ended 30 June 2026. The publication complies with PRC regulat...
China Resources Gas Declares Interim Dividend With HKD/RMB Option
China Resources Gas Group Limited, a major Hong Kong-listed natural gas distributor serving residential, commercial, and industrial users in mainland China, continues to play a central role in the country’s urban energy supply and clean fuel sh...
China Resources Gas posts steady first-half 2026 results with modest growth
China Resources Gas Group reported interim results for the six months ended 30 June 2026 showing modest top- and bottom-line growth, with revenue rising 5.2% year on year to HK$53.38 billion and profit attributable to shareholders edging up 1% to HK$...
Chongqing Gas Posts Profit Decline but Strong Cash Flow for First Half of 2026
China Resources Gas Group’s subsidiary Chongqing Gas Group, a Shanghai-listed city gas utility, reported a modest 1% rise in total assets and a slight 0.18% increase in net assets attributable to shareholders as of June 30, 2026, underscoring b...
China Resources Gas Completes RMB2.5 Billion Third-Tranche Medium Term Note Issuance
China Resources Gas Group Limited, a Hong Kong-listed natural gas distributor with operations across mainland China, finances its gas infrastructure and distribution business through onshore renminbi debt issued by wholly owned subsidiaries. The grou...
China Resources Gas Sets Board Meeting to Review Interim Results and Dividend
China Resources Gas Group Limited has scheduled a board meeting for August 28, 2026 to review the unaudited interim results for the six months ended June 30, 2026. The board will also consider declaring an interim dividend, signaling potential return...
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, 2026