profit from every HK$100 of sales.
HK$0HK$100
The Hong Kong and China Gas
HK$7.40-0.34% today
+4.6% in 1 year
1-year low HK$6.431-year high HK$7.75
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay HK$24.26 for every HK$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What The Hong Kong and China Gas sold, what it kept, and what it did with the cash.
Sales went from HK$61.0 billion in 2022 to HK$54.3 billion in 2025, with HK$5.69 billion of profit last year.
SalesProfit
The Hong Kong and China Gas handed back more cash to shareholders than it generated last year.
HK$6.5B
Free cash flow 2025HK$5.4B
Bought back its own shares–
Paid as dividendsHK$6.5B
Cash vs. debtHK$6.5B vs. HK$61.0B
The Hong Kong and China Gas vs. similar companies
The Hong Kong and China Gas grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from HK$100 of sales | Sales growth a year | Price per HK$1 of profit |
|---|---|---|---|
| The Hong Kong and China Gas | 24.3× · Fair price | ||
 Naturgy Energy Group | 14.0× · Cheap | ||
 Snam | 16.4× · Fair price | ||
 Osaka Gas | 16.5× · Fair price | ||
 Tokyo Gas Co.,Ltd. | 29.2× · Fair price |
AI analysis
An AI analyst reads The Hong Kong and China Gas's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of HKD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 60,953 | 56,971 | 55,473 | 54,326 | |
| 21,645 | 21,975 | 22,009 | 20,998 | |
| 8,362 | 8,137 | 8,178 | 8,132 | |
| 13,485 | 14,938 | 14,315 | 14,381 | |
| 5,359 | 6,179 | 5,712 | 5,688 | |
| 0.26 | 0.32 | 0.30 | 0.30 | |
| 35.5% | 38.6% | 39.7% | 38.7% | |
| 13.7% | 14.3% | 14.7% | 15.0% | |
| 8.8% | 10.8% | 10.3% | 10.5% |
Balance sheet
| In millions of HKD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 168,469 | 161,978 | 158,269 | 163,555 |
| Cash | 13,241 | 8,972 | 6,272 | 6,548 |
| Total debt | 60,442 | 56,907 | 58,812 | 61,002 |
| Total liabilities | 93,331 | 90,959 | 89,935 | 92,166 |
| 63,612 | 59,853 | 57,390 | 59,351 | |
| 18,660 | 18,660 | 18,660 | 18,660 | |
| 6.7% | 8.1% | 7.7% | 7.3% | |
| 8.4% | 10.3% | 10.0% | 9.6% |
Cash flow
| In millions of HKD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 9,645 | 10,932 | 9,000 | 10,533 | |
| 8,334 | 8,428 | 6,460 | 5,132 | |
| 1,310 | 2,504 | 2,540 | 5,401 | |
| Dividends paid | 6,531 | 6,531 | 6,531 | 6,531 |
| – | – | – | – | |
| -14 | 49 | 0 | 64 |
Valuation
- 24.3×
- –
- 5.14
- 2.1×
- 2.5×
- 25.5×
- 13.4×
- 3.9%
- 4.1%
- 4.7%
Profitability
- 38.7%
- 15.0%
- 10.5%
- –
- 7.3%
- 7.5%
- –
- –
- –
- –
Growth
- −3.8%
- +4.7%
- –
- –
- +0.0%
Financial health
- 3.8×
- 1.03
- –
- 5.4×
- 0.63
- –
- –
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 27%of 399
Bottom 39%of 394
Bottom 31%of 364
Bottom 19%of 399
Top 38%of 398
4.7%of the share price, paid each year
On $1,000 invested$47a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
114.8% of its profit
Room to growStretchedMore than it earns: 120.9%
News
Jensen Huang Heat Intensifies As Taiwan Revokes Entry for Alleged Spy Who Slipped In On Hong Kong PassportYahoo Finance · Nov 12, 2026Hong Kong finance secretary on AI risk and future growthYahoo Finance · Oct 23, 2026Russian gold floods Hong Kong as Western sanctions redraw bullion tradeCNBC · Oct 5, 2026Chinese authorities reportedly in possession of F-35 components in Hong KongCNBC · Sep 24, 2026Kimi K3 Operator Moonshot Reportedly Files For Hong Kong IPO As China’s AI Advances Weigh On OpenAI, AnthropicYahoo Finance · Sep 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
42No pass
Benjamin Graham
48No pass
Philip Fisher
45No pass
Peter Lynch
17No pass
Joel Greenblatt
26No pass
Charlie Munger
31No pass
Terry Smith
29No pass
Questions about The Hong Kong and China Gas
Is The Hong Kong and China Gas a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the The Hong Kong and China Gas AI analysis
What does The Hong Kong and China Gas do?
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is in Utilities - Regulated Gas, based in North Point, Hong Kong, with 54,968 employees.
Does The Hong Kong and China Gas pay a dividend?
Yes. At today's price the dividend is 4.7% a year, about 115% of its yearly profit. In 2025 it paid out HK$6.53 billion in dividends.
Is The Hong Kong and China Gas stock halal?
No. The Hong Kong and China Gas does not pass our halal screen: its debt is 44% of its market value, at or above the 33% limit. How we check
How has The Hong Kong and China Gas stock done over the past year?
Up 4.6% over the past twelve months, to HK$7.40. It traded between HK$6.43 and HK$7.75 and is 4.6% below its high.
Who are The Hong Kong and China Gas's competitors?
The largest listed companies in the same industry are Naturgy Energy Group, Snam, Osaka Gas and Tokyo Gas Co.,Ltd.. The peers table on this page compares their profit, growth and price with The Hong Kong and China Gas's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.