China Resources Gas Group Ltd. (CGASY)

Overview

China Resources Gas Group Limited, established in 1994 and headquartered in Wan Chai, Hong Kong, operates as a pivotal entity in the natural and liquefied gas sector, primarily engaged through an investment holding framework. The company is recognized for its vast operational footprint, managing 276 city gas projects across 25 provinces within the People's Republic of China. As a subsidiary of CRH (Gas) Limited, it plays a significant role in the distribution and sale of gas, alongside the installation of gas connection systems. China Resources Gas Group Limited’s business activities are structured across multiple segments, encompassing the sale and distribution of gas fuel and related products, gas connection, comprehensive services, design and construction services, and operations of gas stations, fulfilling a broad spectrum of residential, commercial, and industrial gas needs.

Products and Services

Sale and Distribution of Gas Fuel and Related Products: This segment is at the forefront of the company's offerings, providing natural gas and liquefied petroleum gas for a variety of uses. Catering to residential, commercial, and industrial sectors, the company ensures a steady supply of essential gas fuel, highlighting its role in energy provision.

Gas Connection: Dedicated to expanding access to gas utilities, this service encompasses the construction of detailed gas pipeline networks. By undertaking gas connection contracts, China Resources Gas facilitates the foundational infrastructure necessary for wide-scale gas distribution and consumption.

Comprehensive Services: This facet of the company addresses the ancillary needs of gas consumers by retailing a range of gas appliances and related products. It signifies the company’s commitment to offering holistic solutions, ensuring not just the supply but also the utilization aspects of gas consumption are covered.

Design and Construction Services: Specializing in the technical and developmental aspects of gas connection projects, this segment provides expert design, construction, consultancy, and management services. It underpins the company's operational capability in laying down the necessary infrastructure for gas distribution with precision and professional oversight.

Gas Stations: Functioning as the tangible points of service for the end-user, the gas stations segment embodies the retail arm of China Resources Gas Group Limited’s operations. By selling gas fuel directly through natural gas filling stations, they ensure accessibility and convenience for consumers, supporting daily energy needs.