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Zhongyu Gas Holdings Limited (3633) AI Stock Analysis
Zhongyu Gas Holdings Limited
(HKEX:3633)
The overall score is driven primarily by a strained financial profile, with declining revenue, sharply compressed margins, high and rising leverage, and much lower returns on equity, partly offset by still-positive but weakening operating cash flow. Technical signals show the stock trading below key moving averages with negative MACD and only modest momentum, pointing to a gentle downtrend rather than a strong recovery. Valuation is relatively demanding, with a high P/E multiple and low dividend yield despite these financial pressures, keeping the overall attractiveness of the shares in the lower range of the scoring spectrum.
Zhongyu Gas Holdings Limited (3633) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 7.30B
- Dividend Yield
- 1.13%
- Average Volume (3M)
- 1.47M
- Price to Earnings (P/E)
- 31.9
- Beta (1Y)
- -0.28
- Revenue Growth
- -6.70%
- EPS Growth
- 50.09%
- Country
- Hong Kong
- Employees
- 4,900
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Gas
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 infras...
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 (residen...
Zhongyu Gas Holdings Limited Financial Statement Overview
Summary
Revenue has flattened and then declined in recent years, margins have compressed from around 20–25% to low-teens, and net income has fallen from over 1 billion to roughly 150–250 million, while high leverage and low single-digit returns on equity further weaken the profile. Operating cash flow remains above reported profit and positive free cash flow is a relative strength, but both have trended down and become volatile, so overall financial performance is moderate but under clear pressure.
Income Statement
38NegativeBalance Sheet
32NegativeCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.44B | 12.44B | 13.47B | 13.64B | 13.00B | 11.34B |
| Gross Profit | 1.63B | 1.63B | 1.76B | 1.91B | 1.97B | 2.19B |
| EBITDA | 1.36B | 1.36B | 1.63B | 1.78B | 1.73B | 2.25B |
| Net Income | 247.28M | 247.28M | 146.38M | 246.72M | 174.08M | 1.19B |
Balance Sheet | ||||||
| Total Assets | 25.56B | 25.56B | 26.22B | 26.43B | 26.31B | 26.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 1.08B | 1.65B | 1.52B | 1.34B | 1.87B |
| Total Debt | 13.22B | 13.22B | 12.92B | 12.22B | 11.54B | 11.34B |
| Total Liabilities | 17.25B | 17.25B | 17.84B | 17.74B | 17.18B | 17.16B |
| Stockholders Equity | 7.35B | 7.35B | 7.39B | 7.70B | 8.13B | 8.66B |
Cash Flow | ||||||
| Free Cash Flow | -122.54M | 130.35M | 350.31M | 580.06M | 188.16M | 282.71M |
| Operating Cash Flow | 831.60M | 1.08B | 1.05B | 1.50B | 1.40B | 1.80B |
| Investing Cash Flow | -1.36B | -860.11M | -778.54M | -964.44M | -1.32B | -1.63B |
| Financing Cash Flow | -1.14B | -900.71M | -12.71M | -248.79M | -434.01M | -43.26M |
Zhongyu Gas Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3633, the sentiment is Neutral. The current price of 2.65 is below the 20-day moving average (MA) of 2.66, above the 50-day MA of 2.65, and below the 200-day MA of 2.68, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3633.
Zhongyu Gas Holdings Limited Peers Comparison
Overall Rating
HK:268868Neutral
HK:119363Neutral
HK:038456Neutral
HK:108348Neutral- HK:363340.6Neutral
HK:160038.6Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2688 | 68Neutral | HKD 55.06B | 7.48 | 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: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:3633 | 41Neutral | HKD 7.30B | 31.87 | 2.98% | 1.13% | -6.70% | 50.09% |
| HK:1600 | 39Underperform | HKD 1.35B | -23.00 | -0.85% | 7.58% | 1.66% | -116.91% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:3633 | Zhongyu Gas Holdings Limited | 2.65 | -0.43 | -13.91% | |
| HK:0384 | China Gas Holdings | 4.96 | -2.65 | -34.78% | |
| HK:1193 | China Resources Gas Group | 16.32 | -3.68 | -18.39% | |
| HK:1083 | Towngas China Co | 2.94 | -0.74 | -20.12% | |
| HK:2688 | ENN Energy Holdings | 48.76 | -14.52 | -22.94% | |
| HK:1600 | Tian Lun Gas Holdings Limited | 1.39 | -1.73 | -55.57% |
Zhongyu Gas Holdings Limited Corporate Events
Zhongyu Gas Tightens Governance With Updated Remuneration Committee Rules
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. Th...
Zhongyu Gas Tightens Governance With Revised Nomination Committee Mandate
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 ind...
Zhongyu Energy Posts Lower Turnover but Stronger Underlying Interim Profit
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 revenue...
Zhongyu Gas Tightens Audit Committee Mandate to Bolster Governance
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 thre...
Zhongyu Energy Board to Review Interim Results and Consider Dividend
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 dividen...
Zhongyu Energy Shareholders Approve All AGM Resolutions and Switch Auditor to Deloitte
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$0....
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