BINHAI INVESTM.CO. HD-10

WS7A · F · Utilities / Utilities - Regulated Gas

0.12EUR-0.00 (-0.83%)

Price History

Full chart

Market Stats

Previous Close0.121

Open0.12

Day Range0.12 – 0.12

52-Week Range0.0939 – 0.1344

Volume0

Market Cap158.22M

P/E (TTM)5.80

Forward P/E4.36

EPS0.02

Dividend Yield8.04%

Beta0.29

50-Day Avg0.1108

200-Day Avg0.1104

About

Binhai Investment Company Limited, an investment holding company, operates in gas business in the People's Republic of China. It operates through Sales of Piped Natural Gas; Construction and Gas Pipeline Installation Service; and Gas Passing through Service and value-added services segments. It offers construction of gas pipeline networks, as well as related installation services for industrial and commercial customers. The company also engages in property development and management business; provision of pipeline connection services; sale of liquefied petroleum gas and piped natural gas; real estate investment business; research and development of clean energy; heating supplying activities; and energy storage technology activities. As of December 31, 2025, the company had a gas pipeline network of approximately 4,116 kilometers. Binhai Investment Company Limited was founded in 1994 and is headquartered in Causeway Bay, Hong Kong.

Company Details

SectorUtilities
IndustryUtilities - Regulated Gas
CEOMr. Liang Gao CPA
Employees1.76K
HeadquartersTower Two, Causeway Bay, Hong Kong, Germany
Websitehttps://www.binhaiinv.com

Leadership

Mr. Wang ZhangExecutive Chairman · b. 1982
Mr. Liang Gao CPAChief Executive, GM, Compliance Officer & Executive Director · b. 1967
Mr. Xin WangExecutive Vice Chairman · b. 1976
Mr. Yan XuDeputy GM & CFO · b. 1974
Mr. Wai Yin YipCompany Secretary
Mr. Fu Gang YinDeputy GM & Secretary to the Board · b. 1974

Financials

Income Statement

Currency: CNY	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	4.84B	5.39B	5.81B	5.80B	5.61B
Growth (%)	-	+11.27%	+7.85%	-0.12%	-3.42%
Cost of Revenue	3.99B	4.75B	5.13B	5.22B	5.09B
Gross Profit	855.44M	642.22M	679.42M	585.70M	519.53M
Gross Margin	17.66%	11.92%	11.69%	10.09%	9.27%
Operating Expense	294.06M	258.25M	244.62M	212.91M	223.31M
Operating Income	561.38M	383.98M	434.80M	372.79M	296.22M
Operating Margin	11.59%	7.13%	7.48%	6.42%	5.28%
EBITDA	-	624.15M	670.78M	619.44M	590.85M
EBITDA Margin	-	11.58%	11.54%	10.67%	10.54%
Net Income	399.66M	287.71M	232.78M	184.79M	206.15M
Net Income Margin	8.25%	5.34%	4.01%	3.18%	3.68%
R&D	-	-	119.36M	104.11M	84.06M
R&D as % of Total Revenue	-	-	2.05%	1.79%	1.50%
Interest Expense	104.62M	103.22M	147.87M	128.17M	69.18M
Interest Expense % of Total Revenue	2.16%	1.92%	2.54%	2.21%	1.23%

Balance Sheet

Currency: CNY	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	8.18B	8.57B	8.59B	7.75B	7.40B
Total Liabilities	5.86B	6.28B	6.27B	5.45B	5.15B
Total Equity	2.25B	2.22B	2.23B	2.22B	2.18B
Cash	742.18M	845.25M	808.36M	384.05M	163.27M
Net Debt	2.38B	3.06B	3.10B	2.95B	2.76B

Cash Flow

Currency: CNY	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	486.15M	350.25M	832.38M	538.11M	603.33M
Capital Expenditure	710.93M	671.61M	585.51M	369.71M	464.17M
Free Cash Flow	-224.78M	-321.35M	246.87M	168.40M	139.16M
Dividends Paid	106.81M	121.68M	135.20M	58.14M	95.59M
FCF to OCF	-46.24%	-91.75%	29.66%	31.29%	23.07%
Dividend Paid to FCF	-47.52%	-37.87%	54.77%	34.53%	68.69%

Earnings

Report Date	Apr 7, 2025	Aug 19, 2025
EPS Estimate	0.00	-
EPS Actual	0.02	0.13
Surprise	-	-
Timing	-	Pre-market

Key Statistics & Ratios

Market Cap158.22M

Enterprise Value591.12M

Trailing P/E5.80

Forward P/E4.36

Price / Sales0.03

Price / Book0.58

EPS0.02

Book Value0.196

Revenue (TTM)5.83B

Gross Profit (TTM)528.15M

EBITDA534.64M

Profit Margin3.88%

Operating Margin7.62%

Return on Equity10.29%

Return on Assets2.80%

Shares Outstanding1.36B

Shares Float380.98M

Beta0.29

Dividend Yield8.04%

Dividend Rate0.01

Payout Ratio45.51%

Dividends

20261×

0.01May 12, 2026

20251×

0.01May 13, 2025

20241×

0.01Jun 11, 2024

20231×

0.01May 17, 2023

20221×

0.01May 18, 2022

20211×

0.01May 20, 2021

20201×

0.00May 20, 2020

20191×

0.01May 31, 2019

20181×

0.01Jun 1, 2018

20171×

0.01May 9, 2017

20161×

0.01May 17, 2016

20151×

0.00May 18, 2015

20141×

0.01May 8, 2014

Stock Splits

May 14, 20151:10