Gas Utilities

CHINA RES GAS

Huaron Gas Reports Growth in City Gas and Integrated Energy Business in 2025

China Resources Gas repurchased 1.2158 million shares for HKD 22.779 million

CR Gas subsidiary Runchao Technology Acquires 100% Equity of Huaren Energy Service

CHINA RES GAS released FY2025 9 Months Earnings on March 27, 2026 (BJT) with actual revenue of HKD 73.76 B and EPS of HKD 1.303

CHINA RES GAS released FY2025 Q3 earnings on March 27, 2026 (BJT), actual revenue HKD 23.97 B, actual EPS HKD 0.2488

CHINA RES GAS released FY2025 Q4 earnings on March 27 Pre-Market (BJT), actual revenue HKD 23.97 B, actual EPS HKD 0.2488

CHINA RES GAS released FY2025 earnings on March 27 Pre-Market (BJT), actual revenue HKD 97.73 B (forecast HKD 101.16 B), actual EPS HKD 1.5495 (forecast HKD 1.6717)

CHINA RES GAS to release FY2025 earnings on March 27, pre-market (BJT), forecast revenue HKD 101.16 B, EPS HKD 1.6717

China Resources Gas spent HKD 22.8022 million to repurchase 1.0524 million shares

Huaren Gas subsidiary plans to issue 8 billion yuan medium-term notes

China Resources Gas Initiates Share Repurchase and Announces Performance Data

China Resources Gas repurchased 1,099,500 shares for about 23.1743 million HKD

China Resources Gas repurchased 671,800 shares

China Resources Gas Plans to Relocate to Hong Kong, Optimize Management and Integrate into the Greater Bay Area

Guoyuan International Releases Performance Analysis and Future Market Forecast for China Resources Gas

HSBC Upgrades China Resources Gas to 'Hold'

JPMorgan Downgrades Huadian Gas's Earnings Forecast and Rating

CMBI Downgrades CR Gas Profit Forecast and Valuation

China Resources Gas released FY2025 Q1 earnings on August 28 (BJT), actual revenue HKD 24.89 B, actual EPS HKD 0.5271

CHINA RES GAS released FY2025 Q2 earnings on August 28 Pre-Market (BJT), actual revenue HKD 24.89 B, actual EPS HKD 0.5271

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INTELLIMARK W27

Ordinary dividend (cash)

Ex Date: 2026.06.01, Cash dividend 0.65 HKD

01193

600917

China Resources Gas Group announced a profit drop for its subsidiary Chongqing Gas for 2025, with net profit falling 45% to RMB210.58 million despite a 1.41% revenue increase to RMB10.31 billion. Total assets decreased slightly to RMB11.03 billion, while net assets rose 1.82% to RMB5.80 billion. The company will maintain dividends, proposing a cash final dividend of RMB0.43 per 10 shares. The stock currently holds a Hold rating with a price target of HK$19.50.

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CQGAS

China Resources Gas Subsidiary Chongqing Gas Sees Profit Drop in 2025 but Maintains Dividends

EMLP

China Resources Gas announced its 2025 annual results, with revenue of 97.73 billion yuan, a year-on-year decrease of 4.8%. Net profit was 3.55 billion yuan, a year-on-year decrease of 13.2%; earnings per share were 1.55 yuan. A final dividend of 0.65 yuan was declared, compared to 0.70 yuan in the same period last year. Together with the interim dividend of 0.30 yuan already paid, the total distribution for 2025 is 0.95 yuan per share, unchanged year-on-year. During the year, natural gas sales reached 40.18 billion cubic meters, an increase of 0.7%

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"Performance" CHINA RES GAS annual net profit of 3.55 billion fell 13%, final dividend of 65 cents

China Resources Gas (1193.HK) has recently been troubled by multiple pressures, oscillating around the key support level of HKD 20.80 throughout the day yesterday. The overall market shows that the strength of the bulls has weakened, with main funds focusing on reducing positions and risk aversion, leading to intensified selling pressure towards the end of the trading session, bringing new challenges. The gas industry is focused on the decline in international raw material prices and seasonal fluctuations in gas demand in the mainland, which have limited effects on stock price incentives. There are no substantial positive factors in the sector, and leading companies are generally "lying flat," with main hot money attempting to switch to emerging growth areas. Any brief rebounds during the trading session were quickly sold off, reflecting a weakened willingness of speculative funds to cluster, with rapid rotation of hotspots. The short-term technical pattern remains dominated by bears, with the K-line combination weaker than the market average, and resistance repeatedly verified near important moving averages. In the absence of industry news, driving factors such as equipment factory orders are lacking, making it difficult for the gas and related sectors to sustain performance. Main funds tend to flow back into sectors like consumption and banking, with trading volume still sluggish. The MACD shows a bearish pattern, indicating low confidence in short-term speculation. If HKD 20.80 breaks down with increased volume, it will form a new low for the phase, with technical pressure levels moving down. If it holds steady, there may be a bottoming oscillation to initiate a recovery trend. Future trading should focus on changes in international raw material news, policy adjustments, and phase fund flows

Technical Forecast

Morning Trend | CHINA RES GAS main force on the sidelines, can it hold 20.80 yuan during the session?

China Resources Gas Group has announced the completion of a RMB1 billion issuance of medium-term notes by its subsidiary, China Resources Gas Investment. The notes have a three-year term and a 1.71% annual coupon, aimed at enhancing liquidity and financial flexibility for its operations in mainland China. Shareholders are advised to exercise caution when trading the company's securities. The stock currently holds a Buy rating with a target price of HK$27.00.

China Resources Gas Completes RMB1 Billion First Tranche Medium-Term Note Issuance in China

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On January 27th, China Resources Gas (1193.HK) maintained a weak pattern throughout the day, with occasional capital movements at the opening, but quickly returned to silence during the day. The main trading volume was inactive, with low-level fluctuations and a gradual downward shift in focus, with 20.80 yuan becoming a key defensive point for both bulls and bears during the session. The utility sector has seen extremely light news recently, with stable gas consumption across various regions and no explosive growth, while related policies are still in negotiation, leading to significant divergence in market expectations. Expectations for industry upgrades and reforms have yet to materialize, and the sector lacks new hotspots or capital catalysts. Mainstream capital positions are gradually decreasing, and the motivation to chase higher prices has significantly weakened, with an operational style primarily focused on cautious defense. 

From a technical perspective, after the MACD turned green in this round, the bearish pressure has continued to increase, with all short-term moving averages in a bearish arrangement, indicating a weak trading structure. Occasionally, there have been attempts by capital to fill positions during the session, but without accompanying volume, it is difficult to form effective signals to stop the decline. In the future, it is necessary to closely monitor marginal changes in policies and unusual trading activities to capture potential rebound windows. Overall assessment suggests that China Resources Gas is currently in a phase of disorderly fluctuations and defense, with the main force not significantly present. It is recommended that right-side traders continue to observe, focusing on policy event-driven changes and the relationship between volume and price, before making dynamic adjustments to positions, while guarding against the risk of inertia in the market pushing prices down before rebound opportunities arise

Bosera CSI Oil & Gas Resources Index ETF

Morning Trend | CHINA RES GAS waits for policy changes, where are the signals for sector rebound hidden?

CHINA RES GAS(01193.HK)

China Resources Gas Subsidiary Chongqing Gas Sees Profit Drop in 2025 but Maintains Dividends

"Performance" CHINA RES GAS annual net profit of 3.55 billion fell 13%, final dividend of 65 cents

Morning Trend | CHINA RES GAS main force on the sidelines, can it hold 20.80 yuan during the session?

China Resources Gas Completes RMB1 Billion First Tranche Medium-Term Note Issuance in China

Morning Trend | CHINA RES GAS waits for policy changes, where are the signals for sector rebound hidden?

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