China Resources Gas Group Limited Overview
Pro stress-test →China Resources Gas Group is an investment holding company that engages in the sale of natural and liquefied gas and connection of gas pipelines. The company is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. In 2024, the company's revenue was 102.68 billion, an increase of 1.39% compared to the previous year.
Strategic Profile
Pro stress-test →The company is majority-owned by China Resources (Holdings) Company Limited, a state-owned enterprise that owns approximately 58.57% of the issued share capital. As of 2022, CR Gas had undertaken over 200 gas projects with a distribution network extending to more than 1,200 kilometers of pipelines throughout various provinces in China. The company benefits from China's structural shift toward cleaner energy sources and urbanization trends.
Competitive Landscape
Pro stress-test →The company competes against other major utilities and has received varied analyst ratings including upgrades and downgrades from major investment banks. Primary competitors include Tokyo Gas, Shanghai Dazhong Public Utilities, and Southwest Gas Holdings. The competitive landscape is characterized by regional monopolies in piped gas distribution and differentiation through pipeline expansion, customer service, and ancillary gas services.
Industry Context
China Resources Gas Group Limited operates in Gas Utilities & Distribution.
Key facts
Founded: 2003 · Headquarters: Hong Kong, China · Revenue: 102.68 billion (2024)