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JiaXing Gas Group Co. Ltd. Class H
(9908)
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Rating:62Neutral
Price Target:
HK$9.00
â–²(10.02% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by mixed financial performance: solid cash generation offsets weakening revenue/margins and higher leverage. Valuation is a key positive with a low P/E and strong dividend yield, while technicals are neutral-to-mildly positive with some overbought risk.
Positive Factors
Operating Cash Generation
Higher operating cash flow and still-positive free cash flow provide internal funding for network investment and obligations. This strengthens financial resilience over the next several months despite weaker profitability and declining free-cash-flow momentum.
Negative Factors
Revenue Contraction
The return to revenue contraction after a prior rebound indicates demand, volume, or pricing remains volatile. Sustained weakness would reduce operating leverage and limit the company’s ability to fund network expansion and absorb fixed distribution costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cash Generation
Higher operating cash flow and still-positive free cash flow provide internal funding for network investment and obligations. This strengthens financial resilience over the next several months despite weaker profitability and declining free-cash-flow momentum.
Read all positive factors
JiaXing Gas Group Co. Ltd. Class H (9908) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.09B
Dividend Yield5.7%
Average Volume (3M)40.57K
Price to Earnings (P/E)6.6
Beta (1Y)-0.07
Revenue Growth3.91%
EPS Growth-15.37%
CountryHK
Employees402
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)1.10
Shares Outstanding37,844,500
10 Day Avg. Volume27,900
30 Day Avg. Volume40,566
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.83
Price to Sales (P/S)0.32
P/FCF Ratio4.37
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
JiaXing Gas Group Co. Ltd. Class H Business Overview & Revenue Model
Company Description
JiaXing Gas Group Co., Ltd. is a Chinese enterprise primarily engaged in the distribution of piped natural gas (PNG). The company provides PNG, liquefied natural gas (LNG), and liquefied petroleum gas (LPG) to both residential and commercial clien...
How the Company Makes Money
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JiaXing Gas Group Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
53
Neutral
Balance Sheet
48
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.12B | 3.42B | 2.96B | 3.47B | 1.99B |
| Gross Profit | 207.09M | 354.89M | 265.56M | 165.76M | 237.67M |
| EBITDA | 195.58M | 325.74M | 375.98M | 179.34M | 214.50M |
| Net Income | 150.74M | 187.62M | 239.00M | 69.34M | 108.49M |
Balance Sheet | |||||
| Total Assets | 3.52B | 2.98B | 2.65B | 2.08B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 750.63M | 433.34M | 344.50M | 294.56M | 343.42M |
| Total Debt | 1.20B | 512.17M | 350.65M | 383.69M | 401.12M |
| Total Liabilities | 2.23B | 1.80B | 1.59B | 1.20B | 1.15B |
| Stockholders Equity | 1.23B | 1.13B | 1.03B | 841.68M | 793.14M |
Cash Flow | |||||
| Free Cash Flow | 232.08M | 160.52M | 107.26M | 55.04M | 64.05M |
| Operating Cash Flow | 461.36M | 316.97M | 228.82M | 151.11M | 132.09M |
| Investing Cash Flow | -350.84M | -199.33M | 181.28M | -115.28M | -268.31M |
| Financing Cash Flow | 196.37M | -166.76M | 73.02M | -73.80M | 52.58M |
JiaXing Gas Group Co. Ltd. Class H Technical Analysis
Negative
8.18
Price Trends
8.44
Negative
8.25
Negative
8.21
Negative
Market Momentum
-0.06
Positive
31.33
Neutral
70.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9908, the sentiment is Negative. The current price of 8.18 is below the 20-day moving average (MA) of 8.41, below the 50-day MA of 8.44, and below the 200-day MA of 8.21, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 31.33 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9908.
JiaXing Gas Group Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$56.01B | 7.68 | 12.80% | 6.05% | 5.69% | 8.67% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | HK$1.09B | 6.57 | 11.46% | 5.70% | 3.91% | -15.37% | |
61 Neutral | HK$37.88B | 10.71 | 7.90% | 5.69% | 0.94% | 17.12% | |
60 Neutral | HK$11.53B | 7.26 | 5.79% | 6.22% | 2.60% | -11.05% | |
55 Neutral | HK$30.84B | 11.10 | 4.80% | 6.18% | -7.13% | -16.53% | |
51 Neutral | HK$2.60B | -44.30 | -0.86% | 4.27% | 1.66% | -116.91% |
* Utilities Sector Average
HK:9908
JiaXing Gas Group Co. Ltd. Class H
7.79
0.24
3.17%
HK:0384
China Gas Holdings
5.64
-1.71
-23.27%
HK:1193
China Resources Gas Group
16.66
-2.80
-14.41%
HK:1083
Towngas China Co
3.03
-0.69
-18.44%
HK:2688
ENN Energy Holdings
49.52
-11.53
-18.89%
HK:1600
Tian Lun Gas Holdings Limited
2.65
-1.92
-42.06%
JiaXing Gas Group Co. Ltd. Class H Corporate Events
JiaXing Gas Sets August Board Meeting to Approve Interim Results and Mull Dividend
Aug 13, 2026
JiaXing Gas Group Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, a decision that coul...
JiaXing Gas Shareholders Approve 2025 Results and Dividend Plan at AGM
Jun 5, 2026
JiaXing Gas Group Co., Ltd. held its annual general meeting in Jiaxing on 5 June 2026, with all resolutions put to shareholders passed by poll with 100% of votes cast in favor. The meeting confirmed the board and supervisors’ 2025 reports, a...
JiaXing Gas Updates 2025 Final Dividend and Tax Terms for H Shareholders
Jun 5, 2026
JiaXing Gas Group Co., Ltd. has updated its final dividend for the year ended 31 December 2025 to reflect a revised exchange rate for its H shares listed in Hong Kong, setting the payout at RMB 0.25 per share, equivalent to HKD 0.2873 per share. T...
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.