Employees: 1,265
Size Top Resource Energy (300332.SZ) is a China Utilities company (Gas Distributors) with a market value of $556M, the 3600th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.49 on 6 Nov 2026.
Performance Over six months the shares fell 20.1%, against -13.6% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue fell 2.9% over the last twelve months (peer median +0.1%); the operating margin is 0.3% (peer median 8.2%).
Valuation It trades at 0.96× book value against a peer median of 1.08× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 8.5%; Top Resource Energy delivers -6.1%, so the price asks more than the business earns today.
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.67B | CN¥2.57B | CN¥3.83B | CN¥4.51B | CN¥3.83B |
| Revenue growth | — | -33% | -15% | +18% | — |
| Gross profit | CN¥662M | CN¥451M | CN¥423M | CN¥760M | CN¥895M |
| EBITDA | n/a | CN¥365M | CN¥378M | CN¥734M | CN¥860M |
| Net income | -CN¥253M | -CN¥280M | CN¥125M | CN¥240M | CN¥366M |
| Free cash flow | CN¥420M | -CN¥179M | CN¥196M | CN¥137M | CN¥156M |
| Capital expenditure | CN¥310M | CN¥205M | CN¥259M | CN¥404M | CN¥314M |
| Total debt | CN¥2.11B | CN¥2.66B | CN¥2.50B | CN¥2.78B | CN¥2.88B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300332.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.6% | -2.9% | 5th lowest of 20 |
| 6-month return | -20.1% | -13.6% | 4th lowest of 20 |
| Return on equity | -6.1% | 7.4% | 2nd lowest of 21 |
| Price / book | 0.96× | 1.08× | 9th cheapest of 21 |
| ROE the price implies | 8.5% | 7.0% | 8th most demanding of 21 |
| ROE delivered | -6.1% | 7.5% | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Top Resource Energy 300332.SZ | China | $556M | -20% | -3% | -6% | 0.96× | 8.5% | -6.1% |
| K&O Energy 1663.T | Japan | $585M | -28% | -1% | 7% | 0.84× | 7.0% | 6.9% |
| Xinjiang East Universe (Group) Gas 603706.SS | China | $521M | -15% | -14% | 13% | 2.03× | 9.3% | 12.9% |
| Anhui Province Natural Gas Development 603689.SS | China | $601M | -10% | -9% | 10% | 1.06× | 4.9% | 9.7% |
| Shandong Shengli 000407.SZ | China | $512M | -20% | 0% | 5% | 1.09× | 6.6% | 5.1% |
| Saibu Gas 9536.T | Japan | $630M | +23% | -6% | 9% | 0.78× | 3.8% | 9.0% |
| Shizuoka Gas 9543.T | Japan | $631M | -5% | 0% | 7% | 0.72× | 3.6% | 7.4% |
| Shenzhen Guangju Energy 000096.SZ | China | $634M | -18% | +4% | 6% | 1.51× | 8.1% | 6.1% |
| Hokkaido Gas 9534.T | Japan | $468M | +3% | +1% | 10% | 0.75× | 4.7% | 9.7% |
| Sala 2734.T | Japan | $456M | +9% | +3% | 8% | 0.75× | 5.3% | 7.8% |
| Henan Lantian Gas 605368.SS | China | $687M | -18% | -9% | 7% | 1.33× | 4.0% | 6.8% |
| Sichuan Shengda Forestry Industry 002259.SZ | China | $447M | -27% | -1% | 56% | 6.33× | 37.8% | 56.1% |
| Ascopiave ASC.MI | Italy | $699M | -8% | +34% | 4% | 0.70× | 7.0% | 4.1% |
| Great Taipei Gas 9908.TW | Taiwan | $435M | -3% | 0% | 7% | 0.97× | 3.5% | 7.5% |
| Clean Energy Fuels CLNE | United States | $421M | -14% | +4% | -16% | 0.76× | 11.6% | -16.4% |
| Yu Group PLC YU..L | United Kingdom | $414M | +3% | +14% | 38% | 3.00× | 33.6% | 38.5% |
| Shaanxi Meineng Clean Energy 001299.SZ | China | $411M | -19% | -6% | 7% | 2.42× | 19.2% | 7.2% |
| Shinhsiung Natural Gas 8908.TW | Taiwan | $382M | n/a | +2% | 16% | 3.07× | 8.4% | 16.2% |
| Xinjiang Torch Gas 603080.SS | China | $378M | -19% | +1% | 12% | 1.53× | 10.0% | 12.5% |
| Zhongyu Energy 3633.HK | Hong Kong | $896M | -7% | -7% | 3% | 0.87× | 5.0% | 2.9% |
| Delong Composite Energy 000593.SZ | China | $896M | -34% | -24% | 2% | 6.65× | 67.1% | 1.8% |