Loading…
Employees: 1,181
Size Anhui Province Natural Gas Development (603689.SS) is a China Utilities company (Gas Distributors) with a market value of $601M, the 3415th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.62 on 6 Nov 2026.
Performance Over six months the shares fell 9.6%, against -15.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue fell 9.4% over the last twelve months (peer median +0.1%); the operating margin is 9.2% (peer median 7.8%).
Valuation It trades at 8.5× forward earnings against a peer median of 13.6× (2nd cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 5 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.03B | CN¥5.11B | CN¥5.79B | CN¥6.10B | CN¥5.92B |
| Revenue growth | — | -12% | -5% | +3% | — |
| Gross profit | CN¥654M | CN¥623M | CN¥657M | CN¥661M | CN¥484M |
| EBITDA | CN¥672M | CN¥641M | CN¥632M | CN¥586M | CN¥507M |
| Net income | CN¥345M | CN¥324M | CN¥333M | CN¥344M | CN¥255M |
| Free cash flow | CN¥40.0M | -CN¥22.2M | -CN¥82.0M | -CN¥54.3M | -CN¥188M |
| Capital expenditure | CN¥360M | CN¥521M | CN¥736M | CN¥574M | CN¥628M |
| Total debt | CN¥2.50B | CN¥2.53B | CN¥2.62B | CN¥2.65B | CN¥2.33B |
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 | 603689.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.9% | -3.0% | 10th highest of 20 |
| 6-month return | -9.6% | -15.2% | 9th highest of 20 |
| Distance from 52-week high | -21.2% | -35.4% | 7th highest of 20 |
| Revenue growth (TTM) | -9.4% | +0.1% | 3rd lowest of 21 |
| Operating margin | 9.2% | 7.8% | 8th highest of 21 |
| Forward P/E | 8.5× | 13.6× | 2nd cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 0.6% | -3.1% | 7th most demanding of 16 |
| Growth delivered (Del g) | +1.4% | +8.3% | 4th lowest of 16 |
| Hurdle (Req g minus delivered) | -0.8 pp | -4.4 pp | 5th most demanding of 16 |
| ROIC minus cost of capital | +0.0 pp | +0.8 pp | 10th lowest of 20 |
| EV / EBITDA | 9.8× | 8.0× | 5th most expensive of 12 |
| Net debt / EBITDA | 2.9× | 1.9× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anhui Province Natural Gas Development 603689.SS | China | $601M | -10% | -9% | 9% | 8.5× | 0.6% | +1.4% |
| K&O Energy 1663.T | Japan | $585M | -28% | -1% | 12% | 19.6× | -8.6% | +9.3% |
| Saibu Gas 9536.T | Japan | $630M | +23% | -6% | 5% | n/a | n/a | n/a |
| Shizuoka Gas 9543.T | Japan | $631M | -5% | 0% | 6% | 11.6× | -9.0% | +10.6% |
| Shenzhen Guangju Energy 000096.SZ | China | $634M | -18% | +4% | 4% | n/a | n/a | n/a |
| Top Resource Energy 300332.SZ | China | $556M | -20% | -3% | 0% | 22.4× | 12.9% | +8.8% |
| Henan Lantian Gas 605368.SS | China | $687M | -18% | -9% | 8% | 10.8× | 0.0% | +2.7% |
| Xinjiang East Universe (Group) Gas 603706.SS | China | $521M | -15% | -14% | 20% | n/a | -11.7% | +10.6% |
| Ascopiave ASC.MI | Italy | $699M | -8% | +34% | 26% | 15.6× | 4.4% | +8.3% |
| Shandong Shengli 000407.SZ | China | $512M | -20% | 0% | 7% | n/a | -3.1% | -2.0% |
| Hokkaido Gas 9534.T | Japan | $468M | +3% | +1% | 8% | n/a | -6.6% | +8.1% |
| Sala 2734.T | Japan | $456M | +9% | +3% | 4% | n/a | n/a | n/a |
| Sichuan Shengda Forestry Industry 002259.SZ | China | $447M | -27% | -1% | 10% | n/a | 16.9% | +0.9% |
| Great Taipei Gas 9908.TW | Taiwan | $435M | -3% | 0% | 14% | n/a | -5.4% | -1.0% |
| Clean Energy Fuels CLNE | United States | $421M | -14% | +4% | -7% | n/a | 17.0% | +8.1% |
| Yu Group PLC YU..L | United Kingdom | $414M | +3% | +14% | 8% | 8.2× | -9.4% | +47.1% |
| Shaanxi Meineng Clean Energy 001299.SZ | China | $411M | -19% | -6% | 11% | n/a | n/a | n/a |
| Zhongyu Energy 3633.HK | Hong Kong | $896M | -7% | -7% | 6% | n/a | n/a | n/a |
| Delong Composite Energy 000593.SZ | China | $896M | -34% | -24% | 6% | n/a | 31.8% | +3.7% |
| Shinhsiung Natural Gas 8908.TW | Taiwan | $382M | n/a | +2% | 8% | n/a | 2.4% | +10.4% |
| Xinjiang Torch Gas 603080.SS | China | $378M | -19% | +1% | 14% | n/a | -5.1% | +19.3% |