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Beijing Gas Blue Sky Holdings Ltd
(6828)
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Rating:45Neutral
Price Target:
HK$0.03
â–²(6.67% Upside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by weak financial performance—persistent negative EBIT and recently negative operating/free cash flow—alongside still-elevated leverage. Technicals are slightly bearish with negative MACD and the price below the 200-day average. A relatively low P/E provides some support, but it is not enough to offset the cash-flow and profitability concerns.
Positive Factors
Revenue rebound
The strong 2025 revenue rebound indicates that the company retains meaningful demand across its gas activities after the prior-year decline. If maintained, broader sales volumes can improve network utilization, support operating leverage, and provide a stronger base for restoring sustainable profitability.
Negative Factors
Persistent operating losses
Persistent negative EBIT shows that reported net income has not translated into dependable operating profitability. The negative 2025 gross margin further indicates cost pressure and limited pricing or volume leverage, making earnings quality and the path to durable margins significant concerns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The strong 2025 revenue rebound indicates that the company retains meaningful demand across its gas activities after the prior-year decline. If maintained, broader sales volumes can improve network utilization, support operating leverage, and provide a stronger base for restoring sustainable profitability.
Read all positive factors
Beijing Gas Blue Sky Holdings Ltd (6828) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$750.29M
Dividend Yield4.04%
Average Volume (3M)3.24M
Price to Earnings (P/E)9.2
Beta (1Y)0.84
Revenue Growth8.89%
EPS Growth-5.26%
CountryHK
Employees509
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)<0.01
Shares Outstanding22,736,115,000
10 Day Avg. Volume2,726,800
30 Day Avg. Volume3,236,933
Financial Highlights & Ratios
PEG Ratio0.56
Price to Book (P/B)0.48
Price to Sales (P/S)0.34
P/FCF Ratio-3.62
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
Beijing Gas Blue Sky Holdings Ltd Business Overview & Revenue Model
Company Description
Beijing Gas Blue Sky Holdings Limited functions as an investment holding company with a primary focus on the sale and distribution of natural gas and associated energy products throughout the People's Republic of China. Its operational scope encom...
How the Company Makes Money
The company primarily makes money by selling natural gas and providing gas distribution/supply services through its gas projects and operating entities. Key revenue streams generally include: (1) Natural gas sales to end customers (industrial, com...
Beijing Gas Blue Sky Holdings Ltd Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.08B | 2.13B | 1.69B | 1.93B | 1.38B | 1.41B |
| Gross Profit | 36.82M | 46.46M | 49.71M | 58.75M | 43.53M | 97.39M |
| EBITDA | -13.24M | 3.89M | -52.60M | 70.24M | -6.27M | -354.01M |
| Net Income | 82.47M | 94.53M | 85.07M | 82.16M | 16.37M | -224.73M |
Balance Sheet | ||||||
| Total Assets | 4.91B | 4.66B | 4.45B | 4.61B | 4.58B | 4.27B |
| Cash, Cash Equivalents and Short-Term Investments | 301.66M | 339.97M | 360.37M | 363.53M | 487.69M | 626.51M |
| Total Debt | 2.74B | 2.56B | 2.35B | 2.47B | 2.40B | 2.94B |
| Total Liabilities | 3.14B | 2.96B | 2.97B | 3.13B | 3.15B | 3.70B |
| Stockholders Equity | 1.58B | 1.51B | 1.38B | 1.26B | 1.14B | 493.56M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -200.78M | -23.78M | 63.19M | 133.82M | 37.20M |
| Operating Cash Flow | -164.42M | -157.51M | 17.01M | 114.39M | 153.20M | 84.35M |
| Investing Cash Flow | -3.36M | 160.10M | 277.90M | -4.39M | 24.11M | -6.35M |
| Financing Cash Flow | 61.73M | -83.33M | -299.45M | -221.43M | -339.08M | -69.47M |
Beijing Gas Blue Sky Holdings Ltd Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
42.81
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6828, the sentiment is Negative. The current price of 0.03 is equal to the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6828.
Beijing Gas Blue Sky Holdings Ltd 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% | |
48 Neutral | HK$12.31B | 35.41 | 3.71% | 3.18% | 6.15% | -21.68% | |
45 Neutral | HK$750.29M | 9.17 | 5.34% | 4.04% | 8.89% | -5.26% |
* Utilities Sector Average
HK:6828
Beijing Gas Blue Sky Holdings Ltd
0.03
>-0.01
-19.51%
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
2.95
-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%
Beijing Gas Blue Sky Holdings Ltd Corporate Events
Beijing Gas Blue Sky Secures RMB400 Million Revolving Credit Facility with Ownership Covenants
Aug 28, 2026
Beijing Gas Blue Sky Holdings has secured a revolving credit facility of RMB400 million from a bank, with each drawdown carrying a tenor of up to 12 months and subject to periodic credit review. The arrangement is expected to support the company&#...
Beijing Gas Blue Sky Profit Falls on Softer Revenue and FX Drag
Aug 26, 2026
Beijing Gas Blue Sky Holdings reported interim results for the six months to 30 June 2026 showing revenue of RMB962.7 million, down 5.6% year-on-year, and profit attributable to shareholders of RMB38.8 million, a drop of 25.7%. EBITDA fell 28.6% t...
Beijing Gas Blue Sky Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 12, 2026
Beijing Gas Blue Sky Holdings Ltd has scheduled a board meeting for 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026.The board will also consider the payment of an interim dividend, signaling potential...
Beijing Gas Blue Sky Reshapes Company Secretary and Compliance Roles
Jul 31, 2026
Beijing Gas Blue Sky Holdings Ltd has announced the resignation of company secretary and authorised representative Annie Chen, effective 31 July 2026, as part of a reshuffle in its corporate governance roles. The board expressed gratitude for her ...
Beijing Gas Blue Sky Shifts Bermuda Registered Office, Keeps Hong Kong Share Registrar
Jul 31, 2026
Beijing Gas Blue Sky Holdings Ltd announced that, effective 3 August 2026, it will change the address of its registered office, principal share registrar and transfer agent in Bermuda to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08. The co...
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.