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Tian Lun Gas Holdings Limited
(1600)
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Rating:50Neutral
Price Target:
HK$1.50
â–¼(-43.61% Downside)
Action:Reiterated
Date:10/31/26
Overall score reflects pressured fundamentals (sharp margin/ROE decline and weaker free cash flow) combined with very weak technicals (price far below moving averages, negative MACD, extremely low RSI/Stoch). The high dividend yield provides partial support, but the negative P/E and profitability deterioration keep the score in the lower range.
Positive Factors
Established gas distribution platform
The company’s downstream gas networks serve residential, commercial and industrial customers, creating an established infrastructure-based operating platform. Its recurring distribution activity and related connection services provide a durable business foundation across multiple end-user segments over the coming quarters.
Negative Factors
Flat and declining revenue
Weak top-line momentum limits the company’s ability to spread infrastructure costs across a growing customer and usage base. A 5.6% annual revenue decline after several broadly flat years suggests that near-term earnings improvement may depend more on cost control than on sustained business expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Established gas distribution platform
The company’s downstream gas networks serve residential, commercial and industrial customers, creating an established infrastructure-based operating platform. Its recurring distribution activity and related connection services provide a durable business foundation across multiple end-user segments over the coming quarters.
Read all positive factors
Tian Lun Gas Holdings Limited (1600) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.35B
Dividend Yield7.58%
Average Volume (3M)835.30K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth1.66%
EPS Growth-116.91%
CountryHK
Employees2,827
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)-0.05
Shares Outstanding973,461,600
10 Day Avg. Volume1,432,151
30 Day Avg. Volume835,300
Financial Highlights & Ratios
PEG Ratio-0.89
Price to Book (P/B)0.51
Price to Sales (P/S)0.38
P/FCF Ratio7.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.37
Revenue Forecast (FY)HK$8.20B
Tian Lun Gas Holdings Limited Business Overview & Revenue Model
Company Description
Tian Lun Gas Holdings Limited, alongside its subsidiaries, primarily operates in the People's Republic of China, concentrating on the transport, distribution, and retail of natural gas and compressed natural gas through its extensive pipeline netw...
Tian Lun Gas Holdings Limited Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
56
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.03B | 7.94B | 7.78B | 7.73B | 7.54B | 7.65B |
| Gross Profit | 989.66M | 1.11B | 1.34B | 1.45B | 1.39B | 1.78B |
| EBITDA | 700.80M | 824.37M | 1.33B | 1.46B | 1.37B | 1.82B |
| Net Income | -49.68M | 38.63M | 300.99M | 479.56M | 444.60M | 1.00B |
Balance Sheet | ||||||
| Total Assets | 15.18B | 15.40B | 15.91B | 15.69B | 15.96B | 15.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.04B | 1.63B | 1.12B | 978.64M | 1.35B | 1.05B |
| Total Debt | 6.97B | 6.89B | 7.01B | 6.81B | 7.21B | 6.32B |
| Total Liabilities | 9.11B | 9.27B | 9.65B | 9.58B | 10.14B | 9.58B |
| Stockholders Equity | 5.79B | 5.83B | 5.94B | 5.80B | 5.51B | 5.22B |
Cash Flow | ||||||
| Free Cash Flow | 239.59M | 380.63M | 614.05M | 701.96M | 303.68M | -9.88M |
| Operating Cash Flow | 490.30M | 601.65M | 918.28M | 1.02B | 689.22M | 405.77M |
| Investing Cash Flow | -260.73M | -221.84M | -367.69M | -312.19M | -465.90M | -1.42B |
| Financing Cash Flow | -747.36M | -315.57M | -409.71M | -1.08B | 99.34M | 394.50M |
Tian Lun Gas Holdings Limited Technical Analysis
Negative
2.66
Price Trends
2.59
Negative
2.64
Negative
2.69
Negative
Market Momentum
-0.21
Positive
7.19
Positive
10.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1600, the sentiment is Negative. The current price of 2.66 is above the 20-day moving average (MA) of 2.49, above the 50-day MA of 2.59, and below the 200-day MA of 2.69, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 7.19 is Positive, neither overbought nor oversold. The STOCH value of 10.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1600.
Tian Lun Gas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$55.06B | 7.50 | 12.80% | 6.21% | 5.69% | 8.67% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | HK$37.02B | 10.46 | 7.90% | 5.82% | 0.94% | 17.12% | |
60 Neutral | HK$11.14B | 7.01 | 5.79% | 6.44% | 2.60% | -11.05% | |
55 Neutral | HK$27.02B | 9.73 | 4.80% | 7.05% | -7.13% | -16.53% | |
50 Neutral | HK$1.35B | -23.04 | -0.85% | 3.96% | 1.66% | -116.91% | |
45 Neutral | HK$7.30B | 31.87 | 2.98% | 1.13% | -6.70% | 50.09% |
* Utilities Sector Average
HK:1600
Tian Lun Gas Holdings Limited
1.39
-1.73
-55.57%
HK:0384
China Gas Holdings
4.96
-2.61
-34.45%
HK:1193
China Resources Gas Group
16.32
-3.92
-19.38%
HK:1083
Towngas China Co
2.95
-0.73
-19.93%
HK:2688
ENN Energy Holdings
48.76
-15.08
-23.62%
HK:3633
Zhongyu Gas Holdings Limited
2.66
-0.43
-13.91%
Tian Lun Gas Holdings Limited Corporate Events
Tian Lun Gas Says No Fundamental Cause for Share Price Volatility
Oct 28, 2026
Tian Lun Gas Holdings Limited reported that its board has observed unusual movements in the share price and trading volume on 28 October 2026 and, after making reasonable enquiries, found no specific reason for the volatility. The board stated the...
Tian Lun Gas Updates Hedging Strategy for Share Award Scheme via Total Return Swaps
Sep 24, 2026
Tian Lun Gas Holdings has entered into five total return swap transactions with Hantec Securities to hedge the risk of rising costs in acquiring its own shares for a share award scheme adopted in 2021. The company recently executed a 2026 amendmen...
Tian Lun Gas Grows Revenue But Sees Profit Slide in First Half of 2026
Aug 28, 2026
Tian Lun Gas Holdings Limited reported that in the first half of 2026 it navigated a volatile natural gas market and complex macro environment by optimizing its business structure, tightening cost controls, and concentrating on its core gas busine...
Tian Lun Gas Declares Interim Dividend for First Half of 2026
Aug 28, 2026
Tian Lun Gas Holdings Limited has declared an interim ordinary dividend of RMB 0.0348 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend, to be paid in Hong Kong dollars with an exchange r...
Tian Lun Gas Sets August Board Meeting to Review Interim Results and Dividend
Aug 17, 2026
Tian Lun Gas Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signalin...
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.