The Hong Kong and China Gas Company Limited

0003
Failed

Company Overview

Established in 1862, Hong Kong China Gas Co., Ltd. (Towngas) is the first public utility company in Hong Kong, China. Today, we are one of the largest energy suppliers in Hong Kong, with world-class corporate management and leading business practices. Over the past few years, Towngas and Hong Kong have grown from a simple gas company that supplies fuel for street lights to the current leading position in the energy industry in mainland China and beyond. The main reason for our success is the reputation we have built over the years, which has enabled us to earn the trust of Hong Kong people. We provide gas to over 10,000 Hong Kong customers and provide a full range of gas applications to meet their needs. In recent years, we have continuously expanded our business horizons and diversified our business into telecommunications, construction services, engineering and new energy. Towngas entered mainland China in '9. Currently, we have more than 550 projects in 1994 provincial areas, including smart energy and pipeline city gas projects, upstream and midstream development, water supply and municipal waste utilization projects, natural gas filling stations, and new energy exploration and utilization enterprises.

Country
HK
Market Cap
$14.31B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.59% passed
5% Threshold
0.6%
Liabilities Compliance
49.96% failed
33% Threshold
50.0%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name The Hong Kong and China Gas Company Limited
Ticker 0003
Main Business Utilities—Regulated Gas
Type Common Stock
Industry Utilities—Regulated Gas
Country HK
Market Cap $14.31 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Gas sales after fuel cost adjustment $43,615.7 $0.0 -
Gas connection income $3,589.8 $0.0 -
Equipment sales and maintenance services $3,829.1 $0.0 -
Water and related sales $1,785.4 $0.0 -
Oil and coal related sales $1,272.0 $0.0 -
Hydro-treated vegetable oil related sales $4,013.0 $0.0 -
Other sales $2,848.4 $0.0 -
Share of results of associates $865.2 $0.0 -
Share of results of joint ventures $201.5 $0.0 -
Interest income $204.5 $204.5 -
Dividend income $167.7 $167.7 -
Total $62,392.3 $372.2 0.59% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $1,885,897,435.9 13.18%
derivative financial instrument current liabilities $4,820,512.8 0.03%
long term bank loan $5,220,512,820.5 36.49%
derivative financial instruments non current liabilities $21,897,435.9 0.15%
other loans non current liabilities $14,102,564.1 0.10%
Total Interest-Bearing Debt $7,147,230,769.2 49.96%
Market Capitalization $14,306,000,000.0 100.00%
Compliance Status Threshold: 33% failed