China Resources Gas Group Limited (1193.HK) stock analysis

In our weekly check, China Resources Gas Group Limited is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 6, red flags: 7.

About China Resources Gas Group Limited

China Resources Gas Group Limited is an Utilities company (Regulated Gas) based in Hong Kong, listed on HKSE as 1193.HK.

What our checks show for 1193.HK

Red flags

• Operating profit covers interest only 1.2 times: a weak year could make the payments hard.
• The net margin fell by 4.4 points over 5 years, to 3.6%: the company keeps less of each sale as profit.
• The gross margin fell by 6.2 points, to 17.8%: costs are rising faster than prices.
• The net margin is only 3.6%: little room if costs rise.
• The dividend takes 504% of profit: little cushion if profit falls.
• The stock has fallen as much as 90% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 4 years.

Warning signs

• Analysts expect only about 2.2% a year of growth in revenue.
• Revenue grew only 1.2% a year over the last 3 years.
• Earnings per share fell 9.5% a year over the last 3 years.
• Net profit fell 9.2% a year over the last 3 years.
• Free cash flow is only 3.1% of revenue.
• Return on capital (ROCE) is only 7%.

Strengths

• Operating cash flow is 1.78x net profit: the profit arrives as real cash.
• The price is 10.5 times earnings (P/E), reasonable for its growth.
• Actively traded: about 3 million shares a day.
• Pay in shares is only 0% of free cash flow.

Similar companies

0392.HK · 6033.KL · ATO · NTGY.MC · 0384.HK · 2688.HK

Questions

What grade does China Resources Gas Group Limited (1193.HK) have?

In our weekly check, China Resources Gas Group Limited is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 6, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 1193.HK stock?

This week's biggest flags for China Resources Gas Group Limited: Weak interest cover, Margins falling, Gross margin falling. In total 13 of 25 checks show a warning or a red flag.

What does China Resources Gas Group Limited do?

China Resources Gas Group Limited is an Utilities company (Regulated Gas) based in Hong Kong, listed on HKSE as 1193.HK.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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