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Xinjiang-based natural gas producer and distributor supplying piped gas within the region.
Xinjiang-based natural gas producer and distributor supplying piped gas within the region.
In one line: A regional Chinese gas producer/distributor.
Moat: narrow (regulatory licence). Regional gas-resource and distribution concession in Xinjiang.
Headquarters: Xinjiang, China · Employees: 1,645
Size Xinjiang Xintai Natural Gas (603393.SS) is a China Utilities company (Gas Distributors) with a market value of $1.55B, the 1586th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.51 on 6 Nov 2026.
Performance Over six months the shares fell 22.3%, against -8.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 3.7% over the last twelve months (peer median 0.0%); the operating margin is 22.3% (peer median 6.0%).
Valuation It trades at 11.1× forward earnings against a peer median of 13.4× (6th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.92B | CN¥3.92B | CN¥3.77B | CN¥3.51B | CN¥3.41B |
| Revenue growth | — | +4% | +7% | +3% | — |
| Gross profit | CN¥2.62B | CN¥1.61B | CN¥1.82B | CN¥1.65B | CN¥1.79B |
| EBITDA | n/a | CN¥2.48B | CN¥2.45B | CN¥2.08B | CN¥2.14B |
| Net income | CN¥636M | CN¥807M | CN¥1.19B | CN¥1.05B | CN¥923M |
| Free cash flow | CN¥1.16B | -CN¥1.18B | -CN¥72.9M | CN¥676M | CN¥781M |
| Capital expenditure | CN¥1.10B | CN¥3.71B | CN¥2.15B | CN¥1.31B | CN¥1.09B |
| Total debt | CN¥7.82B | CN¥7.28B | CN¥4.68B | CN¥3.61B | CN¥1.54B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Xinjiang Xintai Natural Gas 603393.SS | $1.55B | -22% | +4% | 22% | 11.1× | -8.4% |
| China Suntien Green Energy 600956.SS | $3.40B | -18% | -12% | 13% | 15.9× | n/a |
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 | 603393.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.7% | -2.1% | 9th lowest of 21 |
| 6-month return | -22.3% | -8.8% | 4th lowest of 21 |
| Distance from 52-week high | -44.3% | -25.6% | 4th lowest of 21 |
| Revenue growth (TTM) | +3.7% | 0.0% | 8th highest of 21 |
| Operating margin | 22.3% | 6.0% | 3rd highest of 21 |
| Forward P/E | 11.1× | 13.4× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -8.4% | -2.2% | 4th least demanding of 15 |
| Growth delivered (Del g) | +12.3% | +8.7% | 3rd highest of 15 |
| Hurdle (Req g minus delivered) | -20.7 pp | -8.1 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +2.8 pp | -0.8 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xinjiang Xintai Natural Gas 603393.SS | China | $1.55B | -22% | +4% | 22% | 11.1× | -8.4% | +12.3% |
| SK Gas 018670.KS | South Korea | $1.55B | -19% | +27% | 4% | 7.1× | -17.3% | +11.7% |
| Shanghai Dazhong Public Utilities (Group) 1635.HK | Hong Kong | $1.59B | -41% | +6% | 1% | n/a | n/a | n/a |
| Towngas Smart Energy 1083.HK | Hong Kong | $1.46B | -15% | +3% | 6% | 7.5× | 6.3% | +10.3% |
| NIPPON GAS 8174.T | Japan | $1.69B | +1% | +8% | 9% | 17.7× | -2.9% | +7.8% |
| Centuri CTRI | United States | $2.06B | -41% | +25% | 3% | 27.4× | n/a | n/a |
| Shaanxi Provincial Natural Gas 002267.SZ | China | $1.17B | -11% | +2% | 8% | 12.5× | -5.1% | +1.0% |
| Northwest Natural NWN | United States | $2.18B | +3% | +4% | 36% | 16.6× | n/a | n/a |
| Chengdu Gas 603053.SS | China | $1.09B | -16% | -1% | 6% | n/a | -10.0% | +5.1% |
| Chongqing Gas 600917.SS | China | $1.07B | -12% | -4% | 0% | n/a | 15.0% | +8.6% |
| Foran Energy 002911.SZ | China | $2.27B | -5% | -10% | 4% | 12.3× | -6.9% | +34.8% |
| Kogas 036460.KS | South Korea | $2.31B | -7% | -10% | 7% | 2.9× | -1.5% | +11.4% |
| Keppel Infrastructure Trust A7RU.SI | Singapore | $2.34B | -8% | +4% | 10% | 23.5× | 8.7% | +8.7% |
| Guizhou Gas (Group) 600903.SS | China | $1.02B | -9% | -6% | 4% | n/a | 8.0% | +9.4% |
| Tokai 3167.T | Japan | $1.02B | +9% | +1% | 8% | 14.4× | -5.6% | +4.5% |
| Delong Composite Energy 000593.SZ | China | $896M | -34% | -24% | 6% | n/a | 31.8% | +3.7% |
| Zhongyu Energy 3633.HK | Hong Kong | $896M | -7% | -7% | 6% | n/a | n/a | n/a |
| Shenzhen Gas 601139.SS | China | $2.79B | -7% | -1% | 7% | 10.7× | -9.2% | +14.7% |
| TOHO GAS 9533.T | Japan | $2.83B | +3% | -2% | 1% | 21.3× | 24.6% | +8.4% |
| China Suntien Green Energy 0956.HK | Hong Kong | $3.37B | -15% | -8% | 13% | 6.6× | n/a | n/a |
| Chesapeake Utilities CPK | United States | $3.38B | +11% | +15% | 27% | 20.4× | n/a | n/a |