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China Resources Gas Group Limited (1193.HK)

HKD15.28 +0.08 (+0.53%)
HK HKSE Utilities Regulated Gas
Address China Resources Building
Hong Kong, HK
CEO Yang Ping
Website crcgas.com
IPO 2001-02-05
ISIN BMG2113B1081

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Also trades on Hong Kong Stock Exchange · 1193.HK (HKD) Other OTC · CGASY (USD) Other OTC · CRGGF (USD)
Description

China Resources Gas Group Limited, an investment holding company, engages in the sale of natural and liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments. The Sale and Distribution of Gas Fuel and Related Products segment sells natural gas and liquefied petroleum gas for residential, commercial, and industrial use. The Gas Connection segment engages in the construction of gas pipeline networks under gas connection contracts. The Comprehensive Services segment sells gas appliances and related products. The Design and Construction Services segment provides design, construction, consultancy, and management services for gas connection projects. The Gas Stations segment engages in the sale of gas fuel in natural gas filling stations. The company was incorporated in 1994 and is based in Wan Chai, Hong Kong. China Resources Gas Group Limited is a subsidiary of CRH (Gas) Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD15.28 +0.08 (+0.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.70
Float Shares
884.16M
Free Float %
38.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.21% -1.18% -2.13% -12.35% -19.41% -18.70% -12.01% -27.74% -62.04% -15.64% +187.34%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.28
DCF (Unlevered) 18.16 +18.9%
DCF (Levered) 12.25 -19.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 39% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 5 -1
Hold 10 -1
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.25
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Regulated Gas: +4.9%
    -4.8% Q4'25: -9.4% (vs Q4'23)
  • ✗
    EPS growth Regulated Gas: +13.8%
    -13.9% Q4'25: -32.4% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Regulated Gas: +30.8%
    +1.9% Q4'25: +4.9% (vs Q4'23)
  • ✗
    EBIT margin Regulated Gas: +12.9%
    +5.9% Q4'25: +4.2% (vs Q4'23)
  • ✗
    ROIC Regulated Gas: +4.7%
    +5.1% ★ Q4'25: +6.6% (vs Q4'23)
  • ✗
    Share dilution Regulated Gas: 0.0%
    +0.9% Q4'25: +1.4% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    2.47× ★ Q4'25: 1.50× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.73) × ERP
WACC = 64% × Ke + 36% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 18.31 Current price: 15.28
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
16 Rev. Ana.
13 EPS Ana. 		Dec 2027
15 Rev. Ana.
12 EPS Ana. 		Dec 2028
12 Rev. Ana.
12 EPS Ana. 		Dec 2029
11 Rev. Ana.
10 EPS Ana. 		Dec 2030
6 Rev. Ana.
5 EPS Ana.
Revenue
13.51B
est: 12.85B (+5.1%)
19.59B
est: 18.08B (+8.4%)
22.29B
est: 25.86B (-13.8%)
28.72B
est: 28.04B (+2.4%)
32.83B
est: 31.15B (+5.4%)
32.92B
est: 31.35B (+5.0%)
39.84B
est: 37.16B (+7.2%)
51.17B
est: 48.78B (+4.9%)
56.98B
est: 57.15B (-0.3%)
55.86B
est: 53.59B (+4.2%)
79.64B
est: 70.79B (+12.5%)
94.34B
est: 93.17B (+1.3%)
101.27B
est: 104.98B (-3.5%)
102.68B
est: 100.56B (+2.1%)
97.73B
est: 101.36B (-3.6%)
101.89B
97.47B – 112.35B
+0.5% YoY
103.55B
97.00B – 108.55B
+1.6% YoY
105.33B
105.33B – 105.34B
+1.7% YoY
113.26B
107.22B – 121.79B
+7.5% YoY
121.18B
114.72B – 130.31B
+7.0% YoY
EBITDA
2.81B
est: 2.87B (-2.2%)
3.40B
est: 3.14B (+8.3%)
3.59B
est: 4.24B (-15.4%)
4.58B
est: 4.38B (+4.7%)
5.25B
est: 5.73B (-8.3%)
8.01B
est: 5.85B (+36.9%)
7.24B
est: 7.72B (-6.1%)
8.34B
est: 9.59B (-13.0%)
8.71B
est: 10.03B (-13.2%)
10.64B
est: 8.55B (+24.5%)
13.14B
est: 9.80B (+34.1%)
12.02B
est: 10.97B (+9.5%)
13.24B
est: 13.07B (+1.3%)
10.17B
est: 12.10B (-16.0%)
9.79B
est: 12.62B (-22.4%)
12.68B
12.13B – 13.98B
+0.5% YoY
12.89B
12.07B – 13.51B
+1.6% YoY
13.11B
13.11B – 13.11B
+1.7% YoY
14.10B
13.34B – 15.16B
+7.5% YoY
15.08B
14.28B – 16.22B
+7.0% YoY
EBIT
2.22B
est: 2.59B (-14.2%)
2.88B
est: 3.02B (-4.5%)
4.33B
est: 4.31B (+0.6%)
3.63B
est: 3.83B (-5.3%)
4.21B
est: 4.92B (-14.5%)
6.73B
est: 4.93B (+36.4%)
7.09B
est: 7.01B (+1.2%)
8.34B
est: 8.27B (+0.8%)
6.75B
est: 8.92B (-24.4%)
8.52B
est: 7.67B (+11.2%)
10.48B
est: 8.79B (+19.2%)
8.66B
est: 9.84B (-12.0%)
9.21B
est: 9.17B (+0.4%)
6.53B
est: 8.49B (-23.1%)
5.78B
est: 8.85B (-34.7%)
8.90B
8.51B – 9.81B
+0.5% YoY
9.04B
8.47B – 9.48B
+1.6% YoY
9.20B
9.20B – 9.20B
+1.7% YoY
9.89B
9.36B – 10.63B
+7.5% YoY
10.58B
10.02B – 11.38B
+7.0% YoY
Net Income
1.20B
est: 1.49B (-19.5%)
1.65B
est: 1.69B (-2.2%)
2.16B
est: 2.36B (-8.5%)
2.48B
est: 2.34B (+5.9%)
2.84B
est: 2.75B (+3.1%)
3.29B
est: 2.86B (+15.0%)
3.65B
est: 3.87B (-5.6%)
4.45B
est: 4.79B (-7.2%)
5.04B
est: 5.27B (-4.4%)
5.15B
est: 4.73B (+8.8%)
6.40B
est: 5.43B (+17.8%)
4.73B
est: 5.23B (-9.6%)
5.22B
est: 5.14B (+1.7%)
4.09B
est: 5.48B (-25.4%)
3.55B
est: 3.55B (+0.0%)
3.60B
3.12B – 4.16B
+1.5% YoY
3.81B
3.52B – 4.12B
+6.0% YoY
4.13B
3.68B – 5.32B
+8.2% YoY
4.40B
4.09B – 4.83B
+6.6% YoY
4.97B
4.62B – 5.45B
+12.9% YoY
SGA
2.31B
est: 2.68B (-13.6%)
3.58B
est: 3.21B (+11.7%)
4.60B
est: 5.06B (-9.1%)
5.08B
est: 4.99B (+1.8%)
5.79B
est: 5.61B (+3.3%)
5.88B
est: 5.77B (+1.8%)
6.32B
est: 6.84B (-7.6%)
6.96B
est: 8.16B (-14.7%)
7.47B
est: 8.19B (-8.8%)
7.82B
est: 6.77B (+15.4%)
9.58B
est: 7.76B (+23.4%)
10.19B
est: 8.70B (+17.2%)
11.35B
est: 11.91B (-4.7%)
11.44B
est: 10.82B (+5.8%)
11.27B
est: 11.50B (-2.0%)
11.56B
11.06B – 12.74B
+0.5% YoY
11.75B
11.00B – 12.31B
+1.6% YoY
11.95B
11.95B – 11.95B
+1.7% YoY
12.85B
12.16B – 13.81B
+7.5% YoY
13.75B
13.01B – 14.78B
+7.0% YoY
EPS
0.61
est: 0.62 (-1.1%)
0.82
est: 0.79 (+4.3%)
1.00
est: 1.01 (-0.8%)
1.14
est: 1.17 (-2.9%)
1.30
est: 1.32 (-1.3%)
1.51
est: 1.61 (-6.1%)
1.68
est: 1.67 (+0.9%)
2.04
est: 2.05 (-0.3%)
2.32
est: 2.30 (+0.7%)
2.31
est: 2.24 (+3.1%)
2.82
est: 2.59 (+8.9%)
2.09
est: 2.64 (-20.8%)
2.30
est: 2.26 (+1.6%)
1.80
est: 2.36 (-23.8%)
1.55
est: 1.58 (-2.0%)
1.57
1.36 – 1.82
-0.8% YoY
1.65
1.54 – 1.80
+5.2% YoY
1.78
1.61 – 2.32
+7.8% YoY
1.92
1.79 – 2.11
+8.1% YoY
2.17
2.02 – 2.38
+12.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-28 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-27 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-26 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-22 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-21 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-20 A- 4/5 4/5 3/5 3/5 4/5 3/5 3/5
2026-05-19 A- 4/5 4/5 3/5 3/5 4/5 3/5 4/5
2026-05-18 A- 4/5 4/5 3/5 3/5 4/5 3/5 4/5
2026-05-15 A- 4/5 4/5 3/5 3/5 3/5 3/5 4/5
2026-05-14 A- 4/5 4/5 3/5 3/5 3/5 3/5 4/5
2026-05-13 A- 4/5 4/5 3/5 3/5 3/5 3/5 4/5
2026-05-12 A- 4/5 4/5 3/5 3/5 3/5 3/5 4/5
2026-05-11 A- 4/5 4/5 3/5 3/5 3/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-04 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-04-29 B+ 3/5 3/5 3/5 4/5 2/5 3/5 3/5
2026-04-28 B+ 3/5 3/5 3/5 4/5 2/5 3/5 3/5
2026-04-27 B+ 3/5 3/5 3/5 4/5 2/5 3/5 3/5
2026-04-24 B+ 3/5 3/5 3/5 4/5 2/5 3/5 3/5
2026-04-23 B+ 3/5 3/5 3/5 4/5 2/5 3/5 3/5
2026-04-22 B+ 3/5 3/5 3/5 4/5 2/5 3/5 3/5
2026-04-21 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5
2026-04-20 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5
2026-04-17 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5
2026-04-16 B+ 3/5 3/5 2/5 4/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.87B
OE per share TTM
3.91
Owner's Yield
20.97%
Maintenance CapEx ratio
363.22%
Maint CapEx / Avg PPE
65.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 141 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 SmartETFs Asia Pacific Dividend Builder ETF ADIV 2.47% 1.35M 1.95%
2 First Trust Asia Pacific ex-Japan AlphaDEX Fund FPA 0.44% 490.7K 0.80%
3 BMO MSCI China Selection Equity Index ETF ZCH.TO 0.11% 88.1K 0.67%
4 UBS MSCI China Universal UCITS ETF USD dis CNSG.L 0.08% 190.6K 0.30%
5 First Trust Developed Markets ex-US AlphaDEX Fund FDT 0.08% 1.03M 0.80%
6 Xtrackers MSCI China UCITS ETF 1C XCS6.L 0.07% 1.45M 0.65%
7 Xtrackers MSCI China UCITS ETF 1D XCS7.L 0.07% 1.45M 0.28%
8 Global X MSCI China ETF (HKD) 3040.HK 0.07% 39.6K 0.18%
9 iShares MSCI China UCITS ETF ICHD.AS 0.07% 64.5K 0.28%
10 iShares MSCI China UCITS ETF ICHN.AS 0.07% 1.79M 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
102.8K
Shares Outstanding
2.30B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ping Yang Executive Chairman of the Board 3M male
Yan Qin Chief Executive Officer & Executive Director 2M female
Haiyan Liu Executive Director 323.0K male
Hougui Jiang Vice President of China Resources Gas Group Limited — male
Jian Gao Secretary of Disciplinary Committee of China Resources Gas Group Limited — male
Jun Li Chief Financial Officer — male
Kai Yin Au Company Secretary — male
Likun Zhu Senior Vice President — male
Peng Shao Vice President of China Resources Gas Group Limited — male
Wenchen Han Vice President of China Resources Gas Group Limited — male
Xuesong Li Vice President of China Resources Gas Group Limited — male
Zhirong Gong Vice President of China Resources Gas Group Limited — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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