Core Viewpoint - China Resources Gas (01193) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will spend HKD 12.7448 million to repurchase 672,400 shares [1] - The buyback price per share ranges from HKD 18.81 to HKD 19.1 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 華潤燃氣控股有限公司 呈交日期： 2026年4月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01193 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事 ...

Investment Rating - The investment rating for China Resources Gas (01193.HK) is "Buy" (maintained) [1] Core Views - The company reported a total revenue of HKD 97.73 billion in 2025, a decrease of 4.81% year-on-year, and a net profit attributable to shareholders of HKD 3.55 billion, down 13.24% year-on-year [9] - The dividend per share (DPS) was declared at HKD 0.65, with a total annual dividend of HKD 0.95, resulting in a payout ratio of 61.98%, an increase of 8.21 percentage points year-on-year [9] - The company faced pressure on its performance due to lower-than-expected retail gas volume growth and a significant decline in connection profits [9] - The company aims for a mid-single-digit growth in retail gas volume for 2026, with a stable or slightly declining gross margin [9] Financial Summary - Total revenue forecast for 2024A is HKD 102.68 billion, with a projected decrease to HKD 97.73 billion in 2025A, followed by a slight recovery to HKD 99.03 billion in 2026E [1] - The net profit attributable to shareholders is expected to decrease from HKD 4.09 billion in 2024A to HKD 3.55 billion in 2025A, with a slight recovery to HKD 3.58 billion in 2026E [1] - The earnings per share (EPS) is projected to decline from HKD 1.77 in 2024A to HKD 1.53 in 2025A, with a gradual increase to HKD 1.71 by 2028E [1] - The price-to-earnings (P/E) ratio is forecasted to be 12.48 for 2026E and decrease to 11.18 by 2028E [1]

Group 1 - The company, China Resources Gas (01193), announced a share buyback plan, committing to repurchase 4.3348 million shares at a total cost of HKD 81.7938 million by March 31, 2026 [1]

Group 1 - The core point of the article is that China Resources Gas (01193.HK) announced a share buyback on March 31, 2026, spending HKD 81.7938 million to repurchase 4.3348 million shares at a price range of HKD 18.51 to 19.02 per share [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 華潤燃氣控股有限公司 呈交日期： 2026年3月31日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01193 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...

Investment Rating - The report maintains a "Buy" rating for China Resources Gas (01193) [2][7] Core Views - The company reported a revenue of HKD 97.73 billion for 2025, a decrease of 4.81% year-on-year, with a net profit attributable to shareholders of HKD 3.547 billion, down 13.23% [7] - The company plans to distribute a final dividend of HKD 0.65 per share, maintaining an annual dividend of HKD 0.95, resulting in a dividend yield of 4.97% based on the closing price on March 30 [7] - Natural gas sales volume for 2025 is projected to be 401.8 billion cubic meters, with a slight increase of 0.7% year-on-year, and a gross margin of HKD 0.54 per cubic meter [7] - The company is actively enhancing its gas sourcing capabilities, with a significant increase in total gas volume to 6.1 billion cubic meters, up 52.2% year-on-year [7] - The company’s capital expenditure is expected to decrease by 16.9%, while free cash flow is projected to increase by 12.3% [7] Financial Data and Profit Forecast - Revenue projections for the years 2024 to 2028 are as follows: HKD 102.676 billion (2024), HKD 97.733 billion (2025), HKD 100.012 billion (2026E), HKD 102.589 billion (2027E), and HKD 105.066 billion (2028E) [6][8] - Net profit attributable to shareholders is forecasted to be HKD 4.088 billion (2024), HKD 3.547 billion (2025), HKD 4.315 billion (2026E), HKD 4.757 billion (2027E), and HKD 5.350 billion (2028E) [6][8] - The company’s earnings per share (EPS) is projected to be HKD 1.80 (2024), HKD 1.55 (2025), HKD 1.88 (2026E), HKD 2.08 (2027E), and HKD 2.34 (2028E) [6][8] - The price-to-earnings (P/E) ratios for 2026 to 2028 are estimated at 10.1, 9.2, and 8.2 respectively [7]

Group 1 - The core point of the article is that China Resources Gas (华润燃气) announced a share buyback plan, intending to repurchase 3 million shares at a cost of HKD 57.36 million by March 30, 2026 [2] Group 2 - The current stock price of China Resources Gas is HKD 18.95, reflecting a decrease of HKD 0.18 or 0.94% [1] - The stock has shown a price range with a low of HKD 18.49 and a high of HKD 19.77 during the trading session [1]

Group 1 - The company, China Resources Gas (01193), announced a share buyback plan, intending to repurchase 3 million shares at a cost of HKD 57.36 million [1]

Group 1 - The company, China Resources Gas (01193.HK), announced a share buyback on March 30, 2023, spending HKD 57.36 million to repurchase 3 million shares [1] - The buyback price ranged from HKD 18.86 to HKD 19.22 per share [1]