Changchun Gas Co Ltd
Changchun Gas Co Ltd operates in the natural gas utilities industry, providing gas distribution and related services to residential, commercial, and industrial customers in China.
Business. Changchun Gas Co Ltd (600333.SS) is a natural gas utilities company headquartered in China. The firm operates within the utilities sector, providing natural gas services to its customer base. It is primarily listed on the Shanghai Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Changchun Gas Co Ltd (600333.SS) is a natural gas utilities company headquartered in China. The firm operates within the utilities sector, providing natural gas services to its customer base. It is primarily listed on the Shanghai Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.
Changchun Gas has a debt-to-equity ratio of 1.4, indicating a capital structure that is significantly leveraged. The company's liquidity position is assessed as medium risk, with a current ratio of 0.61, suggesting limited short-term liquidity to cover immediate liabilities. Free cash flow is minimal at 3.4 million CNY, and capital expenditures are negative at -88.8 million CNY, indicating a reduction in investment in physical assets.
Profitability metrics are weak, with a return on equity of -0.46% and a return on assets of -0.12%, both below the typical thresholds for healthy utility operations. The company reported a net loss of 8.9 million CNY, despite generating 399.8 million CNY in gross profit, highlighting inefficiencies in operating expenses or cost management.
The company's revenue is concentrated in a single geographic market, with no disclosed segment breakdown, suggesting a high degree of exposure to local economic and regulatory conditions in China. This lack of diversification increases vulnerability to regional disruptions or policy changes.
Looking ahead, the company's revenue outlook is uncertain, with no disclosed growth trajectory or specific numeric deltas for the current or next fiscal year. The absence of a clear growth plan, combined with a net loss and weak returns, raises concerns about the company's ability to sustain operations or expand in the near term.
Risk factors include a high debt load and weak liquidity, with net cash being negative after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential in the near term. However, the company's financial performance and capital structure suggest a need for close monitoring of debt servicing and liquidity management.
Recent filings and transcripts do not provide additional insight into the company's strategic direction or operational performance, as no specific events or disclosures were identified in the available data.
- Changchun Gas is highly leveraged, with a debt-to-equity ratio of 1.4 and weak liquidity.
- The company reported a net loss despite generating a gross profit, indicating poor operating efficiency.
- Revenue is concentrated in a single geographic market, increasing exposure to local economic and regulatory risks.
- No clear growth trajectory is evident, and the company's financial performance raises concerns about long-term sustainability.
- Dilution risk is low, but the company's capital structure and liquidity position require close monitoring.
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- Net cash is negative after subtracting total debt.
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Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Jilin Gas Pipeline Network | Gas pipeline | Gas | China | Parent |
| Jilin Gas Pipeline Network | Gas pipeline | Gas | China | Registered owner |
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- Changchun Gas Co Ltd Market data — financials · 2026-05-27