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Shenwan Hongyuan: Significant profit recovery in hydropower, natural gas, and reduced interest rates bullish for the entire industry.
In the first half of the year, hydropower showed a significant bias towards abundance, with national hydropower generation increasing significantly against a low base. Gas consumption and return are on the rise, with continuous improvement in cost reduction and margin enhancement.
China Resources Gas Group Goes Ex-dividend Tomorrow
CHINA RES ADR To Go Ex-Dividend On September 13th, 2024 With 0.32205 USD Dividend Per Share
AXA: China Res Gas's business profitability further enhanced, investors are advised to pay attention.
Anxin International released a research report stating that China Res Gas (01193) is a strong gas distributor in China. The first half of the year achieved rapid growth in attributable net profit excluding one-time factors, with growth better than that of peers. The gas distribution business performed well in the sector with a performance increase of over 31%. In addition to a 5.3% increase in gas sales volume, the substantial increase in gross margin (+0.04 yuan/cubic meter YOY) also made a contribution. This was also benefited from the significant decrease in gas sales cost, reflecting the company's good control of gas sources. In addition, the company's cash flow situation is good, with a significant increase in free cash flow in the first half of the year. The company's dividend payout ratio is quite attractive with mid-term dividends.
Anxin International: China Res Gas (01193) Further Enhances Profitability of Gas Business. Investors are advised to pay attention.
China Res Gas has an attractive dividend yield, with a mid-term dividend of HK$0.25 per share, a significant increase compared to the previous year.
HK stocks | china res gas(01193) opened up nearly 6%, and Morgan Stanley expects its performance to outperform its peers. The improvement in gas sales gross margin in the first half of the year is significant.
China Res Gas (01193) opened nearly 6% higher. As of the time of writing, it is up 5.91% at HKD 30.45, with a turnover of HKD 12.5578 million.
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