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Employees: 1,649
Size Henan Lantian Gas (605368.SS) is a China Utilities company (Gas Distributors) with a market value of $687M, the 3102nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.41 on 6 Nov 2026.
Performance Over six months the shares fell 17.5%, against -10.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 9.3% over the last twelve months (peer median -1.1%); the operating margin is 8.1% (peer median 6.2%).
Valuation It trades at 10.8× forward earnings against a peer median of 15.0× (2nd cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.98B | CN¥4.05B | CN¥4.74B | CN¥4.93B | CN¥4.74B |
| Revenue growth | — | -15% | -4% | +4% | — |
| Gross profit | CN¥743M | CN¥630M | CN¥890M | CN¥1.03B | CN¥971M |
| EBITDA | n/a | CN¥590M | CN¥868M | CN¥993M | CN¥927M |
| Net income | CN¥236M | CN¥282M | CN¥503M | CN¥606M | CN¥593M |
| Free cash flow | CN¥269M | CN¥118M | CN¥398M | CN¥388M | CN¥398M |
| Capital expenditure | CN¥255M | CN¥319M | CN¥199M | CN¥294M | CN¥434M |
| Total debt | CN¥1.30B | CN¥1.35B | CN¥1.28B | CN¥1.36B | CN¥767M |
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 | 605368.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.3% | -3.2% | 10th lowest of 21 |
| 6-month return | -17.5% | -10.9% | 7th lowest of 21 |
| Distance from 52-week high | -35.7% | -28.5% | 9th lowest of 21 |
| Revenue growth (TTM) | -9.3% | -1.1% | 4th lowest of 21 |
| Operating margin | 8.1% | 6.2% | 7th highest of 21 |
| Forward P/E | 10.8× | 15.0× | 2nd cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 0.0% | -1.2% | 9th least demanding of 17 |
| Growth delivered (Del g) | +2.7% | +8.1% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | -2.7 pp | -2.7 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | +1.0 pp | -0.7 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Henan Lantian Gas 605368.SS | China | $687M | -18% | -9% | 8% | 10.8× | 0.0% | +2.7% |
| Ascopiave ASC.MI | Italy | $699M | -8% | +34% | 26% | 15.6× | 4.4% | +8.3% |
| Shenzhen Guangju Energy 000096.SZ | China | $634M | -18% | +4% | 4% | n/a | n/a | n/a |
| Shizuoka Gas 9543.T | Japan | $631M | -5% | 0% | 6% | 11.6× | -9.0% | +10.6% |
| Saibu Gas 9536.T | Japan | $630M | +23% | -6% | 5% | n/a | n/a | n/a |
| 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% |
| Top Resource Energy 300332.SZ | China | $556M | -20% | -3% | 0% | 22.4× | 12.9% | +8.8% |
| 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% |
| Xinjiang East Universe (Group) Gas 603706.SS | China | $521M | -15% | -14% | 20% | n/a | -11.7% | +10.6% |
| 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% |
| Tokai 3167.T | Japan | $1.02B | +9% | +1% | 8% | 14.4× | -5.6% | +4.5% |
| Guizhou Gas (Group) 600903.SS | China | $1.02B | -9% | -6% | 4% | n/a | 8.0% | +9.4% |
| 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% |
| Chongqing Gas 600917.SS | China | $1.07B | -12% | -4% | 0% | n/a | 15.0% | +8.6% |
| Great Taipei Gas 9908.TW | Taiwan | $435M | -3% | 0% | 14% | n/a | -5.4% | -1.0% |
| Chengdu Gas 603053.SS | China | $1.09B | -16% | -1% | 6% | n/a | -10.0% | +5.1% |
| Clean Energy Fuels CLNE | United States | $421M | -14% | +4% | -7% | n/a | 17.0% | +8.1% |