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← CockpitCompetitor Analysis › 3633.HK Zhongyu Energy Holdings LimitedOpen in the cockpit ↗

Zhongyu Energy Holdings Limited3633.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Utilities›Gas Distributors
Momentum strong 72
Mkt cap
$896M
US dollars, full cap
Free float
28%
of shares outstanding
$/day
$373,705
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-2.5 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · HKDHK$2.56
1D-2.1%
1W-3.8%
1M-3.4%
3M+3.0%
6M-6.8%
YTD-7.4%
1Y-19.9%
ATR %3.1%
52w lowhigh39.2% off high

What Zhongyu Energy does

Employees: 5,080

Zhongyu Energy at a glance

Size Zhongyu Energy (3633.HK) is a Hong Kong Utilities company (Gas Distributors) with a market value of $896M, the 621st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.56 on 6 Nov 2026.

Performance Over six months the shares fell 6.8%, against -15.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue fell 6.7% over the last twelve months (peer median -0.7%); the operating margin is 5.9% (peer median 6.3%).

Valuation It trades at 1.8× enterprise value to sales against a peer median of 1.4× (9th most expensive of 21).

Capital Return on invested capital runs 2.5 points below its cost of capital (5.0% WACC).

Relative performance

809010011 May 202611 Aug 20266 Nov 20263633.HK 93Peer median 85
Six months, rebased to 100: Zhongyu Energy against the median of its 20 peers (local-currency closes).

Zhongyu Energy financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$11.9BHK$12.4BHK$13.5BHK$13.6BHK$13.0B
Revenue growth—-8%-1%+5%—
Gross profitHK$1.62BHK$1.63BHK$1.76BHK$1.83BHK$1.97B
EBITDAHK$1.35BHK$1.34BHK$1.50BHK$1.65BHK$1.73B
Net incomeHK$228MHK$247MHK$146MHK$247MHK$174M
Free cash flown/a-HK$395M-HK$392M-HK$122M-HK$251M
Capital expendituren/aHK$955MHK$719MHK$929MHK$1.27B
Total debtn/aHK$13.2BHK$12.9BHK$12.2BHK$11.5B

Quarterly statements and history in the cockpit →

Zhongyu Energy competitor charts

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.

Performance: 6-month against 1-month return

-20%0%-10%0%0005933167600903600917603053ASC605368002267000096954395366036891663300332108360370601867060339300040716353633.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Zhongyu Energy is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%2×4×0005933167600903600917603053ASC60536800226700009695439536166330033260370601867060339300040716353633.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Zhongyu Energy is the large dot.

Zhongyu Energy competitors and peer comparison

How Zhongyu Energy compares with its peers

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.

Zhongyu Energy against its 20 peers (data as of 6 Nov 2026)
Measure3633.HKPeer medianRank in peer set
1-month return-3.4%-6.4%8th highest of 21
6-month return-6.8%-15.6%4th highest of 21
Distance from 52-week high-39.2%-28.6%9th lowest of 21
Revenue growth (TTM)-6.7%-0.7%5th lowest of 21
Operating margin5.9%6.3%10th lowest of 21
EV / Sales1.8×1.4×9th most expensive of 21
ROIC minus cost of capital-2.5 pp+0.5 pp9th lowest of 21
EV / EBITDA15.9×9.1×2nd most expensive of 9
Net debt / EBITDA9.9×2.5×most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Zhongyu Energy 3633.HKHong Kong$896M-7%-7%6%1.8×n/an/a
Delong Composite Energy 000593.SZChina$896M-34%-24%6%4.8×31.8%+3.7%
Tokai 3167.TJapan$1.02B+9%+1%8%0.8×-5.6%+4.5%
Guizhou Gas (Group) 600903.SSChina$1.02B-9%-6%4%2.1×8.0%+9.4%
Chongqing Gas 600917.SSChina$1.07B-12%-4%0%0.8×15.0%+8.6%
Chengdu Gas 603053.SSChina$1.09B-16%-1%6%0.8×-10.0%+5.1%
Ascopiave ASC.MIItaly$699M-8%+34%26%4.5×4.4%+8.3%
Henan Lantian Gas 605368.SSChina$687M-18%-9%8%1.3×0.0%+2.7%
Shaanxi Provincial Natural Gas 002267.SZChina$1.17B-11%+2%8%1.4×-5.1%+1.0%
Shenzhen Guangju Energy 000096.SZChina$634M-18%+4%4%2.8×n/an/a
Shizuoka Gas 9543.TJapan$631M-5%0%6%0.5×-9.0%+10.6%
Saibu Gas 9536.TJapan$630M+23%-6%5%1.4×n/an/a
Anhui Province Natural Gas Development 603689.SSChina$601M-10%-9%9%1.3×0.6%+1.4%
K&O Energy 1663.TJapan$585M-28%-1%12%0.6×-8.6%+9.3%
Top Resource Energy 300332.SZChina$556M-20%-3%0%2.0×12.9%+8.8%
Towngas Smart Energy 1083.HKHong Kong$1.46B-15%+3%6%1.3×6.3%+10.3%
Xinjiang East Universe (Group) Gas 603706.SSChina$521M-15%-14%20%2.1×-11.7%+10.6%
SK Gas 018670.KSSouth Korea$1.55B-19%+27%4%0.2×-17.3%+11.7%
Xinjiang Xintai Natural Gas 603393.SSChina$1.55B-22%+4%22%4.2×-8.4%+12.3%
Shandong Shengli 000407.SZChina$512M-20%0%7%1.2×-3.1%-2.0%
Shanghai Dazhong Public Utilities (Group) 1635.HKHong Kong$1.59B-41%+6%1%2.2×n/an/a

Questions

Which companies are Zhongyu Energy's closest peers?
The cockpit's peer set: Delong Composite Energy (000593.SZ), Tokai (3167.T), Guizhou Gas (Group) (600903.SS), Chongqing Gas (600917.SS), Chengdu Gas (603053.SS), Ascopiave (ASC.MI), Henan Lantian Gas (605368.SS), Shaanxi Provincial Natural Gas (002267.SZ).
Is Zhongyu Energy expensive compared with its peers?
On ev / sales it trades at 1.8× against a peer median of 1.4×, 9th most expensive of 21 in its peer set.
How has Zhongyu Energy stock performed?
Over six months to 6 Nov 2026 the shares returned -6.8% against -15.6% for the median peer; over one year -19.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.