Overview
Hong Kong and China Gas, operating under the name Towngas, distributes natural gas to more than 2 million customers throughout Hong Kong. One of the first non-mainland entities to develop major gas projects in mainland China, it has invested in roughly 800 projects, upstream and midstream developments, water and wastewater treatment, natural gas pipelines, energy exploration, utilization ventures, telecommunications, engineering, and the new eco-energies.
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Read More In China, the company operates over 300 city-gas projects in about 30 provinces, autonomous regions, and municipalities. Hong Kong and China Gas' main shareholder is Henderson Investment; Chairman Lee Ka-shing controls both companies.
Read Less
Read More In China, the company operates over 300 city-gas projects in about 30 provinces, autonomous regions, and municipalities. Hong Kong and China Gas' main shareholder is Henderson Investment; Chairman Lee Ka-shing controls both companies.
Read Less
KA KIT LEE
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Natural Gas Distribution
,
Water, Sewage and Other Systems
,
Utilities
,
Gas transmission and distribution
,
Natural gas distribution
See All Industries , Gas production and/or distribution Water supply
See Fewer Industries
See All Industries , Gas production and/or distribution Water supply
See Fewer Industries
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Modelled
$7.13 billion
Actual
-2.63%
-7.56%
$158,268
DEC
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Hong Kong:00003
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$7.13 billion
USD
Actual
1 USD = 7.7808 HKD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,157 | $1,405 | $1,240 |
| Net Investing Cash | -$297 | -$321 | -$869 |
| Net Financing Cash | -$1,183 | -$1,600 | $46 |
| Net Change in Cash | -$323 | -$516 | $416 |
| Cash at Beginning of Period | $1,153 | $1,702 | $1,357 |
| Cash at End of Period | $806 | $1,153 | $1,702 |
| Capital Expenditure | -$830 | -$1,083 | -$1,071 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $806 | $1,153 | $1,702 |
| Accounts Receivable | $659 | $590 | $570 |
| Inventories | $359 | $330 | $440 |
| Other Current Assets | $1,304 | $1,350 | $978 |
| Asset Summary | |||
| Total Current Assets | $3,128 | $3,423 | $3,690 |
| Tangible Fixed Assets | $9,132 | $9,210 | $9,281 |
| Intangible Assets | $251 | $281 | $370 |
| Total Assets | $158,269 | $161,978 | $168,469 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $635 | $618 | $549 |
| Short-Term Debt | $1,831 | $2,230 | $2,584 |
| Other Current Liabilities | $2,169 | $2,562 | $2,460 |
| Liability Summary | |||
| Total Current Liabilities | $4,635 | $5,410 | $5,594 |
| Long-Term Debt | $5,688 | $5,029 | $5,129 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $11,559 | $11,690 | $11,995 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $704 | $704 | $704 |
| Retained Earnings | $ | $ | $ |
| Equity Summary | |||
| Total Equity | $7,376 | $7,692 | $8,175 |
| Shares Outstanding | 18,659,870,098 | 18,659,870,098 | 18,659,870,098 |