JiaXing Gas Group Co. Ltd. Class H (9908) AI Stock Analysis

• Market Cap: HK$1.09B
• Dividend Yield: 5.48%
• Average Volume (3M): 16.20K
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.04
• Revenue Growth: 3.23%
• EPS Growth: 2.73%
• Country: HK
• Employees: 402
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Gas
• EPS (TTM): 0.59
• Shares Outstanding: 37,844,500
• 10 Day Avg. Volume: 32,000
• 30 Day Avg. Volume: 16,200
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$8.50
• Price Target Upside: 7.32% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: HK$8.50 ▲(7.32% Upside)

The overall stock score of 66 reflects a balance of mixed financial performance and attractive valuation. While the company faces cash flow challenges and increased leverage, its strong revenue growth and low P/E ratio with high dividend yield are significant positives. Technical indicators suggest a cautious outlook with potential for recovery.

JiaXing Gas Group Co. Ltd. Class H Business Overview & Revenue Model

Company Description

JiaXing Gas Group Co., Ltd. operates as a piped natural gas (PNG) operator in the People's Republic of China. The company sells PNG, liquefied natural gas (LNG), and liquefied petroleum gas (LPG) to residential and non-residential users; and provides construction and installation services for gas pipeline network and gas facilities. It also provides gas technology consulting services; constructs and operates new energy facilities, as well as LNG storage and transportation station; transports LNG and compressed natural gas; sells vapour and construction materials; and leases properties. The company serves customers in the Jiaxing port and urban areas. JiaXing Gas Group Co., Ltd. was formerly known as Jiaxing Coalgas Company Limited. The company was founded in 1985 and is headquartered in Jiaxing, the People's Republic of China.

How the Company Makes Money

JiaXing Gas Group Co. Ltd. generates revenue primarily through the sale and distribution of natural gas. The company's key revenue streams include the direct sale of natural gas to residential, commercial, and industrial consumers. This involves charging customers based on their consumption, which is metered and billed periodically. Additionally, the company earns revenue from the installation and maintenance of gas pipelines and related infrastructure. JiaXing Gas Group also engages in strategic partnerships and collaborations with local governments and other energy companies to expand its distribution network and secure long-term supply agreements, contributing to its financial stability and growth.

JiaXing Gas Group Co. Ltd. Class H Financial Statement Overview

Summary

JiaXing Gas Group Co. Ltd. shows mixed financial performance. While revenue growth is strong, the decline in Net Profit Margin and weak cash flow position indicate potential risks. The balance sheet shows increased leverage, which could be risky despite a healthy equity ratio.

Income Statement

The company has demonstrated solid revenue growth with a notable increase from 2023 to 2024. Gross Profit Margin improved to 10.37% in 2024 from 8.98% in 2023, indicating better cost management. However, the Net Profit Margin decreased to 5.49% from 8.08%, suggesting increased expenses or lower pricing power. The EBIT Margin improved to 7.59%, indicating better operational efficiency, but the EBITDA Margin decreased slightly to 9.52% from 12.71%.

Balance Sheet

The Debt-to-Equity Ratio increased to 0.45 in 2024 from 0.34 in 2023, indicating higher leverage which could be risky. However, Return on Equity (ROE) was 16.59%, showing efficient use of equity. The Equity Ratio improved to 37.89%, reflecting a stronger equity base relative to assets.

Cash Flow

The Free Cash Flow Growth was negative, indicating challenges in generating additional free cash flow. The Operating Cash Flow to Net Income Ratio was zero, suggesting issues in converting profits to cash. Overall, the cash flow situation appears to be weak, with no operating or free cash flow reported for 2024.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.42B	2.96B	3.47B	1.99B	1.27B
Gross Profit	354.89M	265.56M	165.76M	237.67M	223.57M
EBITDA	325.74M	375.98M	179.34M	214.50M	198.49M
Net Income	187.62M	239.00M	69.34M	108.49M	92.52M
Balance Sheet
Total Assets	2.98B	2.65B	2.08B	1.97B	1.72B
Cash, Cash Equivalents and Short-Term Investments	302.88M	344.50M	294.56M	328.56M	353.05M
Total Debt	512.17M	350.65M	383.69M	401.12M	278.07M
Total Liabilities	1.80B	1.59B	1.20B	1.15B	960.59M
Stockholders Equity	1.13B	1.03B	841.68M	802.04M	735.66M
Cash Flow
Free Cash Flow	158.24M	107.26M	55.04M	64.05M	147.27M
Operating Cash Flow	316.97M	228.82M	151.11M	132.09M	177.98M
Investing Cash Flow	-199.33M	181.28M	-115.28M	-268.31M	-94.05M
Financing Cash Flow	-166.76M	73.02M	-73.80M	52.58M	195.24M

JiaXing Gas Group Co. Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9908, the sentiment is Positive. The current price of 7.92 is above the 20-day moving average (MA) of 7.85, above the 50-day MA of 7.88, and above the 200-day MA of 7.28, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.49 is Neutral, neither overbought nor oversold. The STOCH value of 89.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9908.

JiaXing Gas Group Co. Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2886	74 Outperform	1.62B	7.88	8.99%	6.50%	-16.94%	-22.17%
9908	66 Neutral	HK$1.09B	5.82	15.50%	5.48%	3.23%	2.73%
1940	64 Neutral	768.00M	4.65	7.91%	―	-3.67%	38.19%
1600	60 Neutral	3.97B	12.53	0.00%	3.93%	7.55%	-32.06%
6828	54 Neutral	1.30B	15.00	6.27%	―	4.42%	-24.00%
1265	49 Neutral	400.97M	-7.03	0.00%	―	-11.37%	65.17%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

JiaXing Gas Group Co. Ltd. Class H Corporate Events

JiaXing Gas Group Revises Interim Dividend for 2025

JiaXing Gas Group Co., Ltd. announced a revised interim dividend for the six months ending June 30, 2025, with a declared dividend of RMB 0.15 per share, payable in Hong Kong dollars at HKD 0.1644 per share. The announcement includes details on the ex-dividend date, record date, and payment date, as well as the withholding tax rates applicable to different categories of shareholders. This update may impact shareholders’ tax obligations and requires them to consult tax advisors for implications related to their holdings.

The most recent analyst rating on (HK:9908) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on JiaXing Gas Group Co. Ltd. Class H stock, see the HK:9908 Stock Forecast page.

JiaXing Gas Group Reports Decline in Interim Financial Results

JiaXing Gas Group Co., Ltd. reported its interim results for the six months ending June 30, 2025, showing a decline in key financial metrics compared to the same period in 2024. Revenue decreased by 3.63% to RMB1,461.5 million, and gross profit fell by 4.99% to RMB118.1 million. Profit attributable to the owners of the company dropped by 15.49% to RMB75.3 million, with basic earnings per share declining to RMB0.55. The board declared an interim dividend of RMB0.15 per share, down from RMB0.20 in the previous year. These results indicate a challenging period for the company, potentially impacting its market positioning and shareholder returns.

The most recent analyst rating on (HK:9908) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on JiaXing Gas Group Co. Ltd. Class H stock, see the HK:9908 Stock Forecast page.

JiaXing Gas Group Announces Interim Dividend for 2025

JiaXing Gas Group Co., Ltd. has announced an interim dividend of RMB 0.15 per share for the six months ending June 30, 2025, with payments to be made in Hong Kong dollars at a rate of HKD 0.16 per share. The announcement outlines the relevant dates for shareholders, including the ex-dividend date on September 17, 2025, and the payment date on October 10, 2025. The company also provides detailed information on the withholding tax rates applicable to different categories of shareholders, emphasizing the need for shareholders to consult tax advisors regarding their specific tax implications.

The most recent analyst rating on (HK:9908) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on JiaXing Gas Group Co. Ltd. Class H stock, see the HK:9908 Stock Forecast page.

JiaXing Gas Group Revises 2025 Cap and Secures Future Supply Agreements

JiaXing Gas Group Co., Ltd. has announced a revision to the 2025 annual cap on transactions under its 2023-2025 Construction Materials Supply Agreement with Zhejiang Jinfeng, due to anticipated higher transaction amounts than initially expected. Additionally, to ensure a continuous supply of materials, the company has entered into new agreements for 2026-2028 with Jinyu Fengye, another associate of Mr. Fu, to supply pipeline network construction materials. This strategic move aims to streamline logistics by sourcing materials solely from Jinyu Fengye during this period.

The most recent analyst rating on (HK:9908) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on JiaXing Gas Group Co. Ltd. Class H stock, see the HK:9908 Stock Forecast page.

JiaXing Gas Group to Review Interim Results and Dividend

JiaXing Gas Group Co., Ltd. has announced that its board of directors will convene on August 28, 2025, to approve the interim financial results for the first half of the year and to discuss the potential distribution of an interim dividend. This meeting is significant as it will provide insights into the company’s financial health and strategic direction, potentially impacting investor confidence and stakeholder engagement.