HK & China Gas stock reports 23 percent profit growth

Published on 10/07/2026 at 02:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HK & China Gas stock generated HKD 29.526 billion in first-half 2026 revenue. Basic EPS reached HKD 0.195, while the interim dividend held at HKD 0.12 per share.

HK & China Gas, HK0003000038, Illustration mit AI erstellt.

The Hong Kong and China Gas Company Limited (ISIN HK0003000038) was last at HKD 7.07 on the Hong Kong Stock Exchange on October 6, 2026 at 4:08 p.m. HKT. The company reported first-half profit attributable to shareholders of HKD 3.640 billion, up 23 percent year over year, according to Moomoo on September 21, 2026.

Profit growth leads the results

For the six months ended June 30, 2026, revenue rose 7 percent to HKD 29.526 billion, while operating profit after tax increased 19 percent to HKD 4.746 billion. Basic earnings per share climbed 23 percent to HKD 0.195, and the board declared an interim dividend of HKD 0.12 per share, unchanged from the prior-year period.

The comparison is important because the traditional gas business was not the only growth driver. Hong Kong gas sales fell 3.5 percent to 14,414 million megajoules, while mainland city-gas margins improved to RMB 0.55 per cubic meter.

Green fuels add a second engine

Growth businesses broadened the earnings mix during the period. Green-fuel sales, including sustainable aviation fuel, reached 320,000 tonnes, while water supply and sewage treatment volume rose 2 percent to 800 million tonnes.

The mainland platform also expanded its customer base by 690,000 to 44.96 million, although total gas sales volume was broadly flat at 18.6 billion cubic meters. Management set a second-half target of 0.8 GW in additional grid-connected photovoltaic capacity, according to the interim report published by Moomoo.

Debt and valuation frame the next move

As of June 30, 2026, net current borrowings stood at HKD 8.145 billion and long-term borrowings at HKD 45.857 billion, leaving the gearing ratio at 43 percent. That balance gives investors a clearer counterweight to the faster growth in green fuels and renewable energy.

An August 19, 2026 market update cited a Hold rating and a HKD 6.80 price target for the stock, according to The Globe and Mail. The cited target sits below the October 6 market level, so the earnings growth and the companys capital discipline remain central to the investment debate.

HK & China Gas stock holds above HKD 7

HK & China Gas stock was last at HKD 7.07 on October 6, 2026, with a market capitalization of HKD 131.9 billion and volume of 9,146,263 shares. Its 52-week range was HKD 6.40 to HKD 7.76, placing the latest price HKD 0.69 below the yearly high.