Trade China Resources Gas Group Limited - 1193 CFD

China Resources Cement Company profile

About China Resources Gas Group Ltd

China Resources Gas Group Limited is an investment company principally engaged in the gas distribution businesses. The Company operates through two business segments. The Sale and Distribution of Gas Fuel and Related Products segment is engaged in the sales of natural gas and liquefied petroleum gas for residential, commercial and industrial use. The Gas Connection segment is engaged in the construction of gas pipelines networks under gas connection contracts. The Company is also involved in the sales of natural gas pressure control equipment and gas appliances, as well as the re-construction of gas pipelines through its subsidiaries.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, China Resources Gas Group Ltd revenues increased 40% to HK$78.18B. Net income increased 24% to HK$6.4B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Selling and distribution expenses increase of 23% to HK$5.76B (expense).

Equity composition

03/2008, 1-for-10 Reverse Stock Split. 11/2008, Company name changed from China Resources Logic Limited. 02/2009, Rights Issue, 4 new shares for every 1 shares held @ HKD 3.42 (Factor: 1.000000).