Companies ›Utilities ›6828.HK

6828.HK — HKEX Natural Gas Utilities

6828.Hk

HK$0,04

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Mcap

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P/E

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EV / Rev

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Div yield

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Op margin

-3,3 %

ROE

6,4 %

Net margin

4,5 %

Debt / equity

1,70

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

The company operates in the natural gas utilities sector, providing essential utility services to residential and commercial customers in China.

Business. The company operates in the natural gas utilities sector, providing essential utility services to residential and commercial customers in China.

Classification92 %

SectorUtilities

IndustryNatural Gas Utilities

ActivityUtilities

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability→

6,4 %

return on equity

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 6828.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 6828.HK. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

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

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

The company operates in the natural gas utilities sector, providing essential utility services to residential and commercial customers in China.

Classification92 %

SectorUtilities

IndustryNatural Gas Utilities

ActivityUtilities

AI synthesis

GENERATED

The company's capital structure is characterized by a high debt-to-equity ratio of 1.7, indicating a significant reliance on debt financing. The liquidity position is weak, as evidenced by a current ratio of 0.25, suggesting that the company may struggle to meet its short-term obligations. The negative net cash position after subtracting total debt further underscores the company's liquidity challenges.

Profitability metrics show mixed results. The company's return on equity (ROE) is 6.43%, which is relatively low, while the return on assets (ROA) is 2.08%, also below average for the industry. The operating income is negative at -64.08 million CNY, indicating operational inefficiencies or cost overruns. The net income of 87.17 million CNY is positive but may not be sustainable given the current financial structure.

The company's revenue is primarily concentrated in its core natural gas utility operations, with no significant diversification into other segments. There is no disclosed geographic diversification, and the company's operations are likely concentrated in China, which could expose it to regional economic and regulatory risks.

The company's growth trajectory is uncertain. The operating income has turned negative, and while the net income remains positive, it is not clear whether this is due to non-operational gains or cost-cutting measures. The company's future revenue growth is not specified, but the current financial performance suggests potential challenges in maintaining or increasing revenue.

The company faces several risk factors, including liquidity constraints and a high debt burden. The risk assessment indicates a medium liquidity risk and a low dilution risk. The negative net cash position after subtracting total debt is a key flag, suggesting that the company may need to raise additional capital or restructure its debt in the near future.

Recent events and filings do not provide specific details on the company's strategic initiatives or financial adjustments. However, the negative operating income and high debt levels suggest that the company may be under pressure to improve its financial performance. The company's ability to navigate these challenges will be critical to its long-term viability.

Key takeaways

The company has a high debt-to-equity ratio of 1.7, indicating a significant reliance on debt financing.
The company's return on equity is 6.43%, which is relatively low, and the return on assets is 2.08%, also below average for the industry.
The company's liquidity position is weak, with a current ratio of 0.25 and a negative net cash position after subtracting total debt.
The company's operating income is negative at -64.08 million CNY, indicating operational inefficiencies or cost overruns.
The company's revenue is primarily concentrated in its core natural gas utility operations, with no significant diversification into other segments.
The company faces liquidity constraints and a high debt burden, with a medium liquidity risk and a low dilution risk.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

HK$0,04

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

HK$1.36B

Net cashⓘ

-HK$2.30B

Current ratioⓘ

0.2

Debt / equityⓘ

1.7

ROAⓘ

2.1%

ROEⓘ

6.4%

Cash conversionⓘ

—

CapEx / revenueⓘ

—

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin-3,3 %Bottom quartile

Net Margin4,5 %Below median

ROE6,4 %Above median

D/E1,70Bottom quartile

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Return On Assets
net_income / total_assets

Source documents

6828.HK Market data — financials · 2026-05-27

Ownership & reference

Leadership

Haipeng WuChief Executive Officer, Executive Director
Weiqi LiExecutive Chairman of the Board

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

6828.HKCanonical

HKEX · HKD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread