China Resources Gas Group Ltd - Company Profile

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China Resources Gas Group Ltd: Overview

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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. The company 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.

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Headquarters Hong Kong

Address Room 1901-02, 19f, China Resources Bldg, 26 Harbour Road, Wanchai, Hong Kong


Telephone 852 25938200

No of Employees 55,856

Industry Energy and Utilities

Ticker Symbol & Exchange 1193 (HKG)

Revenue (2022) $12.0B 18.5% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ -26% (2022 vs 2021)

Market Cap* $8.5B

Net Profit Margin (2022) XYZ -37.5% (2022 vs 2021)

* As of and is in US$
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China Resources Gas Group Ltd premium industry data and analytics

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on China Resources Gas Group Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Petroleum Gas Compressed Natural Gas Filling Stations Operation
Natural Gas Piped Natural or Petroleum Gas Distribution
Gas Appliances Design and Construction Services
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
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.
2023 Contracts/Agreements In August, the company entered into a strategic cooperation framework agreement and a medium- and long-term natural gas purchase and sale contract with China National Petroleum and Natural Gas Sales Company in Hong Kong to support the natural gas industry chain.
2023 Contracts/Agreements In January, the company and Kunming State-owned Assets Supervision and Administration Commission successfully signed a contract for the Kunming Gas Project.
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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 Towngas Smart Energy Co Ltd
Headquarters Hong Kong China Hong Kong Hong Kong Hong Kong
City Hong Kong Langfang Hong Kong Hong Kong Hong Kong
State/Province - Hebei - - -
No. of Employees 55,856 34,567 34,000 2,100 23,856
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Wang Chuandong Chairman Executive Board 2012 60
Yang Ping Chief Executive Officer; President; Director Executive Board 2021 49
Li Joshua Chief Financial Officer; Vice President Senior Management 2020 44
Ge Bin Vice Chairman Executive Board 2014 59
Zhu Likun Senior Vice President Senior Management 2014 56
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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