The Hong Kong and China Gas Company Limited
0003Company 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.
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
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| 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 | $14.31 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($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 | $372.2 | 0.59% (passed) |
| Liability Item | Value ($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 |