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Fitch: China's gas utilities are slowing down the pace of expansion and gas sales growth will slow
The Zhitong Finance App learned that Fitch Ratings said that as China's gas utility companies slow down the pace of expansion, the average gas sales growth rate of the aforementioned companies between 2024 and 2026 may slow to the middle single digits from before 2022. Fitch expects the unit gross margin of the companies mentioned above to increase slightly in 2024 due to smoother cost transfer to residential users and lower natural gas procurement costs will increase EBITDA. Additionally, growth in EBITDA and lower capital expenditure will help most Fitch rated city gas distributors maintain or approach net cash positions. Fitch pointed out that supervisors
China Gas Holdings' (HKG:384) Returns On Capital Not Reflecting Well On The Business
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employ
Changes in Hong Kong stocks | China Gas (00384) rose more than 7%, leading the way in gas stocks, natural gas smooth prices, and the city fuel company may usher in an increase in performance
The Zhitong Finance App learned that gas stocks showed strong performance. As of press release, China Gas (00384) rose 6.98% to HK$8.12; Xinao Energy (02688) rose 5.39% to HK$76.3; Ganghua Smart Energy (01083) rose 3.95% to HK$3.16; and China Resources Gas (01193) rose 3.77% to HK$27.5. GF Securities pointed out that since 2023, domestic natural gas smooth price work has accelerated. Along with the National Development and Reform Commission issued guidance on upstream and downstream price linkage of natural gas in the first half of the year, many parts of the country have started gas sales price links for residential use
China Gas Unit Zhongran Investment Logs 582 Million Yuan in Q1 Profit
China Gas Holdings (HKG:0384) said wholly-owned subsidiary Zhongran Investment saw a net profit of 582.1 million yuan for the quarter ended March 31, a filing on the Hong Kong bourse said. Revenue was
China Gas (00384): China Fuel Investment's net profit for the first quarter was 582 million yuan
China Gas (00384) issued an announcement. China Fuel Investment Co., Ltd. (China Fuel Investment), a wholly-owned subsidiary of the company, is up to 2...
中國燃氣:截至二零二三年十二月三十一日止年度及截至二零二四年三月三十一日止三個月之中燃投資有限公司的財務資料
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