China Resources Gas Group Ltd - Company Profile
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China Resources Gas Group Ltd (CR Gas), a subsidiary of China Resources (Holdings) Co Ltd, is a gas company that offers the distribution of natural gas and petroleum gas. The company provides downstream city gas distribution business including piped natural gas distribution and natural gas filling stations operation. It constructs gas pipeline networks under gas connection contracts. CR Gas offers natural gas as a cleaner and superior substitute for conventional energy sources such as coal and crude oil. It distributes natural gas and liquefied petroleum gas for commercial, residential and industrial use. CR Gas is headquartered in Hong Kong.
Headquarters
Hong Kong
Address
Room 1901-02, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong, HM12
Website
www.crcgas.com
Telephone
852 25938200
No of Employees
55,928
Industry
Energy and Utilities
Ticker Symbol & Exchange
1193 (HKG)
Revenue (2024)
$12.5B
-4.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-13.2%
(2024 vs 2023)
Market Cap*
$4.7B
Net Profit Margin (2024)
XYZ
-8.8%
(2024 vs 2023)
* As of and is in US$
China Resources Gas Group Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Design and Construction Services |
| Gas Appliances | Piped Natural or Petroleum Gas Distribution |
| Petroleum Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In April, the company announced the completion of acquisition of CR Energy Service. |
| 2025 | Contracts/Agreements | In March, the company entered into a sale and purchase agreement with Woodside Energy Group for the delivery of LNG to China. |
| 2023 | Contracts/Agreements | In December, the company signed a strategic cooperation agreement with Huawei Digital Energy Technology Co., Ltd to develop comprehensive energy and new energy vehicle charging infrastructure. |
Competitor Comparison
| Key Parameters | China Resources Gas Group Ltd | ENN Energy Holdings Ltd | Beijing Enterprises Holdings Ltd | The Hong Kong and China Gas Co Ltd | Shenzhen Gas Corp Ltd |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | China | Hong Kong | Hong Kong | China |
| City | Hong Kong | Langfang | Hong Kong City | Hong Kong City | Shenzhen |
| State/Province | - | Hebei | - | - | Guangdong |
| No. of Employees | 55,928 | 35,197 | 30,000 | 2,169 | 9,262 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yang Ping | Chairman | Executive Board | 2024 | 51 |
| Qin Yan | Director; Chief Executive Officer | Executive Board | 2024 | 48 |
| LI Jun | Chief Financial Officer | Senior Management | 2025 | 54 |
| Xu Fan | Senior Executive Vice President | Senior Management | 2026 | 45 |
| Gong Zhirong | Vice President | Senior Management | 2024 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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