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JiaXing Gas Group Co. Ltd. Class H (9908) AI Stock Analysis
JiaXing Gas Group Co. Ltd. Class H
(HKEX:9908)
The overall score reflects a financially viable gas utility with positive but volatile earnings, narrowing margins, and higher leverage, balanced by solid and rising operating cash flow. A low P/E and attractive dividend yield support the investment case but are offset by the recent profitability pressure and increased balance-sheet risk. Technicals are moderately constructive, with price above key moving averages and low beta, yet momentum appears mature rather than strongly bullish.
JiaXing Gas Group Co. Ltd. Class H (9908) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 1.16B
- Dividend Yield
- 5.04%
- Average Volume (3M)
- 42.23K
- Price to Earnings (P/E)
- 7.0
- Beta (1Y)
- -0.11
- Revenue Growth
- 3.91%
- EPS Growth
- -15.37%
- Country
- Hong Kong
- Employees
- 396
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Gas
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 clients....
How the Company Makes Money
JiaXing Gas Group Co. Ltd. primarily makes money through downstream city-gas operations. Key revenue streams typically include: (1) Natural gas sales: The company purchases natural gas from upstream suppliers and sells it to end users (residential, c...
JiaXing Gas Group Co. Ltd. Class H Financial Statement Overview
Summary
Financials are mixed: revenues and profits remain positive but are volatile, with margin compression, two years of declining net profit, and a higher debt load, while operating and free cash flow are comparatively stronger and consistently positive. This supports business viability but introduces notable risk from weaker profitability trends and increased leverage.
Income Statement
54NeutralBalance Sheet
57NeutralCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.38B | 3.12B | 3.42B | 2.96B | 3.47B | 1.99B |
| Gross Profit | 235.46M | 207.09M | 354.89M | 265.56M | 165.76M | 237.67M |
| EBITDA | 228.88M | 214.38M | 356.24M | 375.98M | 179.34M | 214.50M |
| Net Income | 142.41M | 150.74M | 187.62M | 239.00M | 69.34M | 108.49M |
Balance Sheet | ||||||
| Total Assets | 3.68B | 3.52B | 2.98B | 2.65B | 2.08B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 862.72M | 750.63M | 433.34M | 344.50M | 294.56M | 343.42M |
| Total Debt | 1.46B | 1.20B | 512.17M | 350.65M | 383.69M | 401.12M |
| Total Liabilities | 2.36B | 2.23B | 1.80B | 1.59B | 1.20B | 1.15B |
| Stockholders Equity | 1.26B | 1.23B | 1.13B | 1.03B | 841.68M | 793.14M |
Cash Flow | ||||||
| Free Cash Flow | 317.27M | 232.08M | 160.52M | 107.26M | 55.04M | 64.05M |
| Operating Cash Flow | 511.11M | 461.36M | 316.97M | 228.82M | 151.11M | 132.09M |
| Investing Cash Flow | -193.72M | -350.84M | -199.33M | 181.28M | -115.28M | -268.31M |
| Financing Cash Flow | 69.85M | 196.37M | -166.76M | 73.02M | -73.80M | 52.58M |
JiaXing Gas Group Co. Ltd. Class H Technical Analysis
Price Trends
Market Momentum
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 8.45 is above the 20-day moving average (MA) of 8.36, above the 50-day MA of 8.07, and above the 200-day MA of 8.13, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 66.95 is Neutral, neither overbought nor oversold. The STOCH value of 97.44 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
Overall Rating
HK:268868Neutral- HK:990864.3Neutral
HK:119363Neutral
HK:038456Neutral
HK:108348Neutral
HK:160048Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2688 | 68Neutral | HKD 55.89B | 7.57 | 12.80% | 6.16% | 5.69% | 8.67% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| HK:9908 | 64Neutral | HKD 1.17B | 6.97 | 11.46% | 5.04% | 3.91% | -15.37% |
| HK:1193 | 63Neutral | HKD 38.33B | 10.69 | 7.90% | 5.70% | 0.94% | 17.12% |
| HK:0384 | 56Neutral | HKD 28.30B | 10.16 | 4.80% | 6.75% | -7.13% | -16.53% |
| HK:1083 | 48Neutral | HKD 11.37B | 7.17 | 5.79% | 6.30% | 2.60% | -11.05% |
| HK:1600 | 48Neutral | HKD 1.26B | -23.75 | -0.85% | 7.37% | 1.66% | -116.91% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9908 | JiaXing Gas Group Co. Ltd. Class H | 8.45 | 1.14 | 15.54% | |
| HK:0384 | China Gas Holdings | 5.18 | -2.63 | -33.71% | |
| HK:1193 | China Resources Gas Group | 16.68 | -4.04 | -19.49% | |
| HK:1083 | Towngas China Co | 3.01 | -0.66 | -17.94% | |
| HK:2688 | ENN Energy Holdings | 49.18 | -16.36 | -24.96% | |
| HK:1600 | Tian Lun Gas Holdings Limited | 1.43 | -1.66 | -53.85% |
JiaXing Gas Group Co. Ltd. Class H Corporate Events
JiaXing Gas Delivers Strong Revenue Growth but Cuts Interim Dividend as Profit Slips
JiaXing Gas Group Co., Ltd. reported a 17.65% year-on-year increase in first-half 2026 revenue to RMB1.72 billion, with gross profit up 23.88% to RMB146.3 million, underscoring robust top-line growth in its core gas distribution business. However, pr...
JiaXing Gas Group Declares Interim Dividend and Sets Withholding Tax Terms
JiaXing Gas Group Co., Ltd., a Hong Kong-listed gas utility, engages in gas distribution and related services, offering investors exposure to China’s energy infrastructure sector. The company’s H shares attract both individual and institu...
JiaXing Gas Sets August Board Meeting to Approve Interim Results and Mull Dividend
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 could i...
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: Nov 05, 2026