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Zhongyu Gas Holdings Limited
(3633)
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Rating:45Neutral
Price Target:
HK$2.50
â–¼(-10.07% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weakened financial performance (margin compression, low returns, and volatile/free cash flow in 2025) and bearish technical positioning (below major moving averages with negative MACD). Valuation is also a headwind given a high P/E and only a modest dividend yield.
Positive Factors
Consistently positive operating cash flow
Consistent positive operating cash flow demonstrates that the core gas distribution business continues to generate cash from operations. This supports ongoing network investment, debt servicing, and customer-related spending, although the amount available after capital expenditure remains less consistent.
Negative Factors
Softening revenue trend
Recent revenue contraction signals weaker top-line momentum across the gas distribution and related services portfolio. Lower sales growth can restrict operating leverage, reduce the benefit of the existing network base, and make it harder to offset fixed infrastructure costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistently positive operating cash flow
Consistent positive operating cash flow demonstrates that the core gas distribution business continues to generate cash from operations. This supports ongoing network investment, debt servicing, and customer-related spending, although the amount available after capital expenditure remains less consistent.
Read all positive factors
Zhongyu Gas Holdings Limited (3633) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.42B
Dividend Yield1.08%
Average Volume (3M)1.64M
Price to Earnings (P/E)33.3
Beta (1Y)-0.19
Revenue Growth-6.70%
EPS Growth50.09%
CountryHK
Employees4,900
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.09
Shares Outstanding2,748,305,200
10 Day Avg. Volume1,548,700
30 Day Avg. Volume1,641,187
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)1.04
Price to Sales (P/S)0.61
P/FCF Ratio58.33
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)N/A
Revenue Forecast (FY)N/A
Zhongyu Gas Holdings Limited Business Overview & Revenue Model
Company Description
Zhongyu Energy Holdings Limited operates as an investment firm with a core focus on developing, constructing, and managing natural gas projects across the People's Republic of China. The company's activities span the full spectrum of urban gas inf...
How the Company Makes Money
Zhongyu Gas makes money mainly from operating city gas projects and selling natural gas through its distribution networks. Its key revenue streams typically include: (1) Natural gas sales: revenue earned by supplying natural gas to end-users (resi...
Zhongyu Gas Holdings Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.44B | 13.47B | 13.64B | 13.00B | 11.34B |
| Gross Profit | 1.63B | 1.76B | 1.91B | 1.97B | 2.19B |
| EBITDA | 1.34B | 1.63B | 1.78B | 1.73B | 2.26B |
| Net Income | 247.28M | 146.38M | 246.72M | 174.08M | 1.19B |
Balance Sheet | |||||
| Total Assets | 25.56B | 26.22B | 26.43B | 26.31B | 26.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 1.65B | 1.52B | 1.34B | 1.87B |
| Total Debt | 13.22B | 12.92B | 12.22B | 11.54B | 11.34B |
| Total Liabilities | 17.25B | 17.84B | 17.74B | 17.18B | 17.16B |
| Stockholders Equity | 7.35B | 7.39B | 7.70B | 8.13B | 8.66B |
Cash Flow | |||||
| Free Cash Flow | 130.35M | 350.31M | 580.06M | 188.16M | 282.71M |
| Operating Cash Flow | 1.08B | 1.05B | 1.50B | 1.40B | 1.80B |
| Investing Cash Flow | -860.11M | -778.54M | -964.44M | -1.32B | -1.63B |
| Financing Cash Flow | -900.71M | -12.71M | -248.79M | -434.01M | -43.26M |
Zhongyu Gas Holdings Limited Technical Analysis
Positive
2.78
Price Trends
2.56
Positive
2.63
Positive
2.71
Positive
Market Momentum
0.05
Negative
76.62
Negative
84.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3633, the sentiment is Positive. The current price of 2.78 is above the 20-day moving average (MA) of 2.55, above the 50-day MA of 2.56, and above the 200-day MA of 2.71, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 76.62 is Negative, neither overbought nor oversold. The STOCH value of 84.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3633.
Zhongyu Gas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$55.92B | 7.97 | 12.80% | 5.84% | 5.69% | 8.67% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | HK$37.79B | 11.22 | 7.90% | 5.43% | 0.94% | 17.12% | |
60 Neutral | HK$11.46B | 7.36 | 5.79% | 6.14% | 2.60% | -11.05% | |
59 Neutral | HK$30.73B | 11.26 | 4.80% | 6.09% | -7.13% | -16.53% | |
54 Neutral | HK$2.58B | -44.37 | -0.86% | 4.27% | 1.66% | -116.91% | |
45 Neutral | HK$7.42B | 33.31 | 2.98% | 1.08% | -6.70% | 50.09% |
* Utilities Sector Average
HK:3633
Zhongyu Gas Holdings Limited
2.78
-0.87
-23.91%
HK:0384
China Gas Holdings
5.75
-1.60
-21.84%
HK:1193
China Resources Gas Group
17.51
-1.73
-9.01%
HK:1083
Towngas China Co
3.09
-0.58
-15.76%
HK:2688
ENN Energy Holdings
51.40
-10.93
-17.54%
HK:1600
Tian Lun Gas Holdings Limited
2.67
-1.78
-39.99%
Zhongyu Gas Holdings Limited Corporate Events
Zhongyu Gas Tightens Governance With Updated Remuneration Committee Rules
Aug 27, 2026
Zhongyu Gas Holdings Limited has updated the terms of reference for its remuneration committee, effective 27 August 2026, reinforcing a structure that requires at least three members, a majority of whom must be independent non-executive directors....
Zhongyu Gas Tightens Governance With Revised Nomination Committee Mandate
Aug 27, 2026
Zhongyu Gas Holdings Limited has updated the terms of reference for its nomination committee, effective 27 August 2026, refining the structure, membership and procedures that govern board appointments. The revised framework mandates a majority of ...
Zhongyu Energy Posts Lower Turnover but Stronger Underlying Interim Profit
Aug 27, 2026
Zhongyu Energy Holdings Limited reported unaudited interim results for the six months ended 30 June 2026, showing turnover of HK$6.07 billion, down 7.7% year-on-year, while profit for the period slipped 3.3% to HK$240.0 million. Despite lower reve...
Zhongyu Gas Tightens Audit Committee Mandate to Bolster Governance
Aug 27, 2026
Zhongyu Gas Holdings Limited has updated the terms of reference for its audit committee, with revisions effective from 27 August 2026, to reinforce governance around financial reporting and internal controls. The committee will comprise at least t...
Zhongyu Energy Board to Review Interim Results and Consider Dividend
Aug 17, 2026
Zhongyu Energy Holdings Limited has scheduled a board meeting in Hong Kong on 27 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 divi...
Zhongyu Energy Shareholders Approve All AGM Resolutions and Switch Auditor to Deloitte
Jun 26, 2026
Zhongyu Energy Holdings Limited reported that all resolutions presented at its annual general meeting on 26 June 2026 were approved by shareholders via poll, covering adoption of the 2025 financial statements, declaration of a final dividend of HK...
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.