Chinese industrial-gas supplier providing oxygen, nitrogen and other gases to steel, electronics and energy customers (name-derived; specifics not fully confirmed).
Chinese industrial-gas supplier providing oxygen, nitrogen and other gases to steel, electronics and energy customers (name-derived; specifics not fully confirmed).
In one line: A regional Chinese Air Liquide/Linde.
Moat: none
Headquarters: Guangzhou, China · Employees: 1,112
Size Guangzhou Guanggang Gases and Energy (688548.SS) is a China Materials company (Chemicals: Specialty) with a market value of $3.39B, the 765th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.97 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against -21.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 21.3% over the last twelve months (peer median +12.2%); the operating margin is 19.8% (peer median 10.7%).
Valuation It trades at 62.3× forward earnings against a peer median of 17.2× (3rd most expensive of 21).
Capital Return on invested capital runs 5.6 points below its cost of capital (13.3% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.82B | CN¥2.42B | CN¥2.10B | CN¥1.83B | CN¥1.53B |
| Revenue growth | — | +15% | +15% | +19% | — |
| Gross profit | CN¥1.21B | CN¥609M | CN¥522M | CN¥610M | CN¥559M |
| EBITDA | n/a | CN¥654M | CN¥538M | CN¥548M | CN¥493M |
| Net income | CN¥498M | CN¥286M | CN¥248M | CN¥320M | CN¥235M |
| Free cash flow | -CN¥800M | -CN¥568M | -CN¥1.05B | -CN¥549M | -CN¥374M |
| Capital expenditure | CN¥1.45B | CN¥1.40B | CN¥1.51B | CN¥1.10B | CN¥827M |
| Total debt | CN¥2.47B | CN¥1.95B | CN¥1.19B | CN¥826M | CN¥892M |
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 |
|---|---|---|---|---|---|---|
| Guangzhou Guanggang Gases and Energy 688548.SS | $3.39B | -14% | +21% | 20% | 62.3× | n/a |
| Hangzhou Oxygen Plant 002430.SZ | $3.89B | -16% | +16% | 11% | 20.9× | 2.9% |
| Guangdong Huate Gas 688268.SS | $1.92B | -47% | +27% | 13% | 56.1× | 35.6% |
| Linde LIN | $237B | +5% | +8% | 27% | 27.0× | 14.4% |
| Air Liquide AI.PA | $134B | +15% | -1% | 21% | 29.0× | 18.1% |
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 | 688548.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.0% | -5.0% | 7th lowest of 21 |
| 6-month return | -13.6% | -21.6% | 8th highest of 21 |
| Distance from 52-week high | -54.7% | -38.9% | 3rd lowest of 21 |
| Revenue growth (TTM) | +21.3% | +12.2% | 7th highest of 21 |
| Operating margin | 19.8% | 10.7% | 4th highest of 21 |
| Forward P/E | 62.3× | 17.2× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -5.6 pp | +2.1 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangzhou Guanggang Gases and Energy 688548.SS | China | $3.39B | -14% | +21% | 20% | 62.3× | n/a | n/a |
| Inner Mongolia Berun Chemical 000683.SZ | China | $3.36B | -32% | +11% | 13% | 13.8× | n/a | n/a |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |
| NOF 4403.T | Japan | $3.60B | -22% | +13% | 17% | 13.5× | -6.1% | +8.4% |
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| Cabot CBT | United States | $3.67B | -17% | +1% | 14% | 10.9× | -3.2% | +1.9% |
| Hawkins HWKN | United States | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% | +12.7% |
| Luxi Chemical 000830.SZ | China | $3.13B | -36% | -1% | 4% | 12.1× | -1.4% | +10.6% |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Pangang Group Vanadium & Titanium Resources 000629.SZ | China | $3.83B | -24% | +6% | 4% | 68.8× | 27.2% | -3.4% |
| Hangzhou Oxygen Plant 002430.SZ | China | $3.89B | -16% | +16% | 11% | 20.9× | 2.9% | +8.5% |
| IMEIK Technology Development 300896.SZ | China | $3.92B | -21% | -7% | 45% | 23.3× | 18.8% | +28.0% |
| Air Water 4088.T | Japan | $3.93B | +23% | +7% | 4% | 14.3× | 7.1% | +6.8% |
| Bluestar Adisseo 600299.SS | China | $3.97B | -35% | +15% | 13% | 11.8× | -8.6% | +7.7% |
| Qingdao Gon Technology 2768.HK | Hong Kong | $2.88B | +13% | +20% | 7% | 10.3× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |