The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass; agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, photovoltaic projects, water and wastewater treatment projects, energy exploration and utilization ventures, and aviation fuel facilities. The company supplies town gas to approximately 1.9 million customers. It also provides network connectivity, and data center and cloud computing services; and engages in the software development, solution implementation, and systems integration activities. In addition, the company offers consultancy and engineering contractor services, including utilities installation, infrastructure construction, and civil and building services engineering for public and private projects; and designs and manufactures gas meters and metering systems. Further, it is involved in water supply, and domestic sewage and industrial wastewater treatment serving 2.4 million customers. Additionally, the company manufactures polyethylene piping and fittings; and engages in the customers center, café, restaurant, retail sale, laundry, automatic meter reading system development, laboratory testing, payment gateway and related, project management, landfill gas project, financing, logistics, oil, research and development, property development, and securities investment activities. The Hong Kong and China Gas Company Limited was founded in 1862 and is headquartered in North Point, Hong Kong.

The Hong Kong and China Gas Company Limited

Towngas is engaged in the provision of gas supply, customer services, and energy-related products and solutions in Hong Kong and China.

Towngas

Utilities

Towngas – Commercial & Industrial

Towngas Smart Energy Company Limited

The Hong Kong and China Gas Company Limited (Towngas) | 10,764 followers on LinkedIn. Smart Energy for a Brighter Future 智慧燃展未來 | Founded in 1862, The Hong Kong and China Gas Company Limited (Towngas) was Hong Kong&#39;s first public utility. Today, we are one of the largest energy suppliers in Hong Kong, operating with world-class corporate management and leading-edge business practices. For the past years, Towngas has been growing with Hong Kong, evolving from the simple gas company supplying fuel for street lamps to our current leading position in the energy industry in the greater China region.

Trevor Tang

Managing Director at Full Vision Capital | Deputy Chief Investment Officer at The Hong Kong and China Gas Company Limited (Towngas)

Jerry Hu

The Hong Kong and China Gas Company Limited (Towngas)

[Receiving Recognition for Enhancing HQ Accessibility and Creating Inclusive Workplace] Active in promoting an inclusive culture, Towngas has been continuously enhancing accessibility to its headquarters. We are delighted that our dedication has been highlighted with the Special Recognition Award and Gold Award in the Equal Opportunities Commission’s (EOC) Universal Design Award Scheme 2024/25. We have continuously enhanced the universal design features of our headquarters to increase accessibility. Following a complete renovation of the lobby in 2023, a wheelchair lift has been installed, along with new automatic doors, and wider gates to optimise the entire route, enabling wheelchair users among staff and visitors to access the building barrier-free. The building’s washrooms have undergone renovation, with accessible facilities on every floor meeting the latest design standards. Smart management systems have also been introduced – besides monitoring air quality, sensors have been installed to ensure users’ safety. Beyond hardware improvements, it is also important to create an inclusive work environment and a range of support for our colleagues. Our buddy system pairs every new employee with disabilities with a mentor from the same department to help them integrate into the Company more quickly. Sign language classes enable our staff to conduct basic conversations with hearing-impaired colleagues, while experience sessions of complete darkness, wheelchair use, and silence create a more inclusive workplace for everyone. #Towngas #Equality #Inclusion #ESG #Award

[Towngas Celebrates 55 Years in the Hang Seng Index] At Towngas, we embrace innovation and continuous improvement as our long-term core values. We are proud to share that Towngas has been presented with the “55 Years in Hang Seng Index Award” by Hang Seng Indexes Company Limited (HSIL), commemorating over half a century of continuous inclusion as a constituent since the launch of the Hang Seng Index (HSI). As Hong Kong’s oldest public utility company with over 160 years of history, we have deep roots in the city and have witnessed its remarkable development. We became an HSI constituent on 24 November 1969, with stock code 0003. Over the past 55 years, with the support of Hong Kong people and investors, we have maintained our position as a constituent, growing together with Hong Kong—an achievement of which we are deeply proud. Transforming from our utility foundations into an integrated clean energy supplier, we have expanded our operations to include a variety of energy solutions, such as hydrogen, green methanol, and sustainable aviation fuel. This allows us to serve the community wholeheartedly while providing returns to our shareholders and promoting sustainable development in the city. #Towngas #Innovation #CleanEnergy #SustainableDevelopment #HangSengIndex

[Towngas Upholds High Standards in Customer Care with Award Recognition] We are proud to announce that Towngas has received the Mystery Customer Assessment Award for Public Service and Utilities - Gold Award for the sixth consecutive time, along with the Contact Centre Team Leader of the Year - Bronze Award and Digital Contact Centre Representative of the Year - Merit at the Hong Kong Customer Contact Association Award Presentation and Gala Ceremony 2024. At Towngas, being customer-oriented is not just one of our core values; it is a commitment we demonstrate through our actions to enhance our customers' experience and satisfaction. Since 1995, we have launched the Towngas Service Pledge, which sets service targets to guide our staff in elevating their standards. We are devoted to continuously improving our offerings to provide our customers with the best possible care, which is clearly reflected in our Customer Service Hotline. Our Customer Service Hotline operates 24/7 for inquiries, ensuring that calls are answered within four rings. In addition to providing services in Cantonese, English, and Putonghua, our hotline also supports Tagalog and Indonesian, allowing us to cater to a diverse customer base and facilitate effective communication for families and their helpers. By prioritising accessibility and responsiveness, we will continue to uphold our high service standards, ensuring that our customers feel the warm and welcoming voices of our customer service hotline team. #Towngas #CustomerService #ServiceExcellence #ServicePledge #Recognition

[Towngas Crowned with the Prestigious ESG Accomplishment of the Year] We are thrilled to announce that Towngas has been recognised with five awards, together with the grand award for “Prestigious ESG Accomplishment of the Year” by the “Outstanding ESG Enterprises Recognition Scheme 2024”, jointly organised by Sing Tao News Corporation and The Hong Kong Polytechnic University. These accolades validate our achievement of outstanding corporate ESG performance and highlight our ongoing efforts to create a positive impact in the ESG sector. The scheme aims to recognise exceptional corporates actively practicing ESG principles and to enhance public awareness of ESG through industry expertise and knowledge sharing. The recognitions were determined through a professional selection process conducted by Sing Tao News Corporation, The Hong Kong Polytechnic University, and KPMG, ensuring that awarded companies meet the criteria for effective ESG management policies and performance. As we look ahead, we will continue to engage with our stakeholders in our efforts toward sustainability and strengthening our ESG practices while adhering to high standards. Click here to learn more about our ESG achievement: https://lnkd.in/g5nMwWs5 #Towngas #ESG #Sustainability #CorporateResponsibility #Recognitions

[Towngas Awarded Again for Creating a Happy Workplace] For the second time, Towngas has been honoured at the “Chief Happiness Officer (CHO) Appreciation Award” organised by the Chief Happiness Officer Association . This recognition highlights our dedication to fostering a joyful and healthy work environment for all our employees. Companies were evaluated across these criteria: Corporate Wellness, Employees’ Physical and Mental Health, Corporate and Digital Transformation. Named as one of the “Top 10 Happy Companies to Work For” in 2023, we once again won the CHO Appreciation Award as a CHO Achiever. At Towngas, we place a strong emphasis on the mental well-being and physical health of our staff. To encourage healthy lifestyles, we hold various activities, such as singing bowl experience day, a water park fun day, a health fair information day, and more. Looking ahead, we will continue to create a workspace filled with productivity and positivity. #Towngas #HappyWorkPlace #StaffWellBeing #ESG

[Inspiring Sustainability Insights from Eco Expo Asia] From 30 October to 2 November, the 19th Eco Expo Asia takes place with the theme “Fostering Green Innovations for Carbon Neutrality.” This global trade platform brings together international exhibitors and industry professionals to showcase green solutions, exchange views, and share experiences, while striving to foster business, partnerships, and advancements in sustainable environmental initiatives that address climate change and accelerate the low-carbon transition. The Eco Asia Conference, as a regular highlight, explored key topics in sustainability and green technologies, including green innovations, decarbonisation, new energy, and the circular economy. On 30 October, the Conference - Decarbonisation & Expanding the Boundaries of New Energy - delved into the latest advancements, innovative technologies, and groundbreaking research in new energy, with the goal of pushing the boundaries of what is possible in the pursuit of a greener and more resilient energy future. Ir Don Cheng, our Head of Commercial – Hong Kong Utility and Head of the Sustainable Green Energy Hub, contributed as a panelist, delivering insights on developing new energy solutions and discussing how Towngas can contribute to the government's commitment to promoting new energy across sea, land, and air transport which echoes to the recently published Policy Address. Additionally, he highlighted Towngas’ strategies for accelerating the market adoption of hydrogen as a clean energy solution in Hong Kong, ensuring the scalability and economic viability of hydrogen projects. Eco Expo Asia will be open to the public for free on the last day of the event, i.e., 2 November, to encourage the public to engage in environmental protection and promote green living. #Towngas #EcoExpoAsia #Sustainability #CarbonNeutrality #Decarbonisation

[Welcoming the 2024 Cohort of Towngas Group Management Trainees] We are thrilled to introduce our new Group Management Trainee (MT) cohort for 2024, featuring 17 talented individuals from diverse backgrounds. The Towngas Group MT Programme has just kicked off, and our MTs have successfully completed their 2-month orientation. They are now ready to embark on their first rotations in both Hong Kong and the Chinese mainland. During orientation, leaders from different business areas connected with the MTs and offered valuable insights about their teams. The trainees also explored basic gas engineering, took part in an unforgettable team-building experience, and honed essential soft skills such as project management and data visualisation. Along this journey, we were excited to meet Mr. Lam Ming Wing, our Head of Group Human Resources / Head of Group Safety & Environment, who shared his valuable experience from his extensive career at Towngas and his vision for the MTs’ development. With this year’s cohort, we are confident to see how everyone, regardless of their academic disciplines, will contribute to our advancing green energy initiatives across Hong Kong and the Chinese mainland. Through customised job rotations, cross-business attachments, mentoring, and extensive networking opportunities, this two-year programme aims to cultivate the future leaders of our industry. In addition, if you are interested in shaping the future of green energy, we are currently accepting applications for the 2025 Group Management Trainee Programme. Click here to learn more: https://lnkd.in/g2qb3FV #Towngas #TalentDevelopment #GraduateProgramme #CareerDevelopment #GreenEnergy #SmartEnergy #SustainableFuture

[Nurturing Journalism Talent and Raising ESG Awareness Through Scholarship] At Towngas, we strive to support the next generation in multiple ways. With a focus on enhancing students’ understanding of ESG, Towngas has collaborated with the School of Communication at The Hang Seng University of Hong Kong to introduce the first ESG Scholarship Programme. This initiative encourages students to become familiar with ESG concepts and to stay engaged with these topics as they pursue careers in journalism and communication. This year’s submissions cover a wide range of topics, demonstrating comprehensive and content-rich reports that reflect the growing news acumen of Hong Kong's new generation. In light of these impressive efforts, we congratulate a total of 17 students from 5 teams. Each winning team will be awarded a scholarship of HK$10,000. Winners of the Print Category: - Three Little Bees: This project explores the declining bee population in Hong Kong, introduces the “Save Local Bees Conservation Programme”, and emphasises bringing bees back to nature as part of corporate ESG responsibility. - Green Town: This initiative analyses the establishment of green Grade A office space in Cheung Sha Wan, revitalising the industrial area, and points out that ESG-certified properties not only reduce building energy consumption, but also help construct sustainable communities. Winners of the Audio-visual/Multi-media Category: - Mui Wo Farming Revival: Students interviews a local farmer in Mui Wo about her view on developing the area into a sustainable agriculture centre, realising the concept of “nature nurturing nature”. - Plastic-Free Reckoning: This project documents waste recycling plant operations, beach clean-ups, and environmentalists’ ideas, the project helps viewers understand the severity of plastic waste issues and the significance behind plastic reduction policies. - Green Memorial: This initiative explores the environmental significance of green burial, aiming to awaken society’s environmental awareness and encourage responsible use of the earth’s resources. As we look to the future, we remain committed to empowering young talents in different fields. To learn more, please visit: https://lnkd.in/gAkv-vkH #Towngas #Scholarship #ESG #Talents #Sustainability

[Nurturing Talent in the Gas Industry with 29 Graduates of Professional Diploma in Gas Engineering] Towngas is dedicated to nurturing talent in the gas sector. In collaboration with the Vocational Training Council , we proudly launched Hong Kong's first Professional Diploma in Gas Engineering programme. This year, we celebrate the graduation of 29 students, bringing fresh energy into the industry. The programme offers a comprehensive blend of theoretical and practical training, achieving Qualifications Framework Level 4. With eight key modules—including Gas Engineering Technology, Gas Production System, Gas Transmission and Distribution, Gas Utilisation and System Design, Engineering Management and Professionalism, Smart Energy and Application, Energy and Environment, and Safety and Health — students learn from industry professionals and gain hands-on experience through internships at the Towngas Training Institute. Towngas offers scholarships of HK$15,000 each to students who achieve outstanding academic performance and conduct, and students can also benefit from the Vplus Subsidy Scheme, which reimburses 60% of tuition fees. As we enter the third cohort, we have integrated smart energy and applications in the programme, allowing students to learn hydrogen energy and renewable energy. With eight experienced Towngas engineers serving as part-time lecturers alongside VTC’s senior instructors, the course content is now more diverse and enriching. To date, nearly 90 students have successfully completed the programme. Click here to learn more about the programme: https://lnkd.in/gfEcZ3NY #Towngas #GasEngineering #Empowerment #CareerDevelopment #SmartEnergy #SustainableFuture

[2025 Group MT Recruitment Experience Day] The Towngas Group Management Trainee Programme 2025 is now open for applications! We look forward to welcoming the next generation of leaders to our team and invite aspiring young talents to join us for our Group MT Recruitment Experience Day. This event is especially for those passionate about building a career in green energy, ESG, and public utilities. Seize the chance to connect with us and discover your potential—click here to secure your spot: https://lnkd.in/gbw3K_J7 Event information: Date: 2 November 2024 (Saturday) Time: 10:00 am – 12:30 pm Venue: Towngas North Point Building (363 Java Road, North Point, Hong Kong) This year's activities will feature a variety of exciting opportunities, including: - Company Tour: Discover our Hall of Innovation and the Centre of Grid Control. - MT Sharing: Gain insights from our Management Trainees about their unique experiences and get valuable interview tips. - Group Business Sharing: Learn about cutting-edge energy projects in Hong Kong and the Chinese mainland. - Fast Pass Challenge: Engage with HR to help you stand out in the application process. Please note that the quota for this event is limited, with the application deadline set for 28 October. Confirmation emails will be sent to successful applicants on 30 October. #Towngas #GreenEnergy #ESG #CareerOpportunities #ManagementTrainee #ExperienceDay

	Mar '21	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22	Dec '22	Mar '23	Jun '23	Sep '23	Dec '23	Mar '24	Jun '24
net income	2.13B -	4.20B 97.40%	436.30M 89.61%	817M 87.26%	1.69B 106.27%	3.31B 96.69%	994.45M 70.00%	1.93B 94.40%	1.84B 5.07%	3.61B 96.94%	1.25B 65.31%	1.25B 0%	1.52B 21.22%	3.04B 100%
depreciation and amortization	802.85M -	1.61B 100%	841.45M 47.60%	1.68B 100%	877.95M 47.83%	1.76B 100%	884.75M 49.61%	1.77B 100%	917.70M 48.14%	1.84B 100%			892.20M -	1.78B 100%
deferred income tax
stock based compensation			18.25M -	18.25M 0%			-6.75M -
change in working capital			-220.10M -	-220.10M 0%			-1.26B -
accounts receivables			-80.85M -	-80.85M 0%			-1.08B -
inventory			-192.95M -	-192.95M 0%			-200.65M -
accounts payables
other working capital			53.70M -	53.70M 0%			19.45M -
other non cash items	-292.75M -	2.59B 983.83%	1.52B 41.21%	6.30B 314.23%	-341.75M 105.42%	-867.10M 153.72%	1.99B 329.07%	1.83B 8.05%	-145M 107.94%	127.20M 187.72%	-1.25B 1,085.85%	-1.25B 0%	-55.75M 95.55%	3.73B 6,782.87%
net cash provided by operating activities	2.64B -	5.18B 96.44%	2.60B 49.88%	5.43B 109.28%	2.22B 59.13%	4.20B 89.22%	2.60B 38.13%	5.53B 112.58%	2.61B 52.83%	5.58B 113.85%			2.36B -	4.98B 111.39%
investments in property plant and equipment	-1.80B -	-3.67B 104.16%	-1.84B 49.85%	-4.74B 157.82%	-1.61B 66.00%	-3.24B 100.83%	-2.25B 30.54%	-5.10B 126.51%	-1.80B 64.72%	-3.62B 101.35%			-1.58B -	-3.17B 100.89%
acquisitions net	-64.25M -	-186.30M 189.96%		1.55B -			-89.35M -	111M 224.23%	-110.85M 199.86%	-2.29B 1,963.42%			-33.05M -	13.60M 141.15%
purchases of investments		-5.63B -		-1.78B -		-132.80M -		-599.20M -		-45.20M -				-70.70M -
sales maturities of investments		66M -		923.70M -		2.10M -		545.80M -		177.30M -				8.40M -
other investing activites	-2.08B -	611.60M 129.33%	-675.05M 210.37%	-611.60M 9.40%	231M 137.77%	-90.90M 139.35%	340.55M 474.64%	90.90M 73.31%	-85.45M 194.00%	395.30M 562.61%			650.05M -	-164.80M 125.35%
net cash used for investing activites	-3.95B -	-8.81B 123.18%	-2.51B 71.45%	-4.66B 85.41%	-1.38B 70.37%	-3.46B 150.45%	-2.00B 42.25%	-4.95B 147.55%	-1.99B 59.70%	-5.38B 169.79%			-959.80M -	-3.38B 252.28%
debt repayment		-8.65B -		-1.89B -		-3.38B -		-2.47B -		-2.41B -				-2.54B -
common stock issued								3.32B -		-395.50M -
common stock repurchased								-29.90M -		-3.30M -
dividends paid	-2.04B -	-4.09B 100%	-1.12B 72.61%	-2.24B 100%	-2.15B 4.17%	-4.29B 100%	-1.12B 73.91%	-2.24B 100%	-2.15B 4.17%	-4.29B 100%			-2.15B -	-4.29B 100%
other financing activites	3.79B -	3.79B 0%	2.07B 45.37%	-612.20M 129.57%	1.21B 297.19%	49.80M 95.87%	2.24B 4,388.76%	-674.30M 130.16%	492.20M 172.99%	400K 99.92%			608.40M -
net cash used provided by financing activities	1.75B -	4.50B 157.75%	950.90M 78.88%	1.29B 36.07%	-938.70M 172.55%	-941M 0.25%	1.12B 218.58%	2.85B 155.83%	-1.65B 157.93%	-2.28B 37.69%			-1.54B -	-1.88B 22.39%
effect of forex changes on cash	21.40M -	21.40M 0%	58.35M 172.66%	58.35M 0%	-96.50M 265.38%	-193M 100%	-180.70M 6.37%	-361.40M 100%	-203.30M 43.75%	-406.60M 100%			-81.75M -
net change in cash	459.55M -	919.10M 100%	1.09B 18.75%	2.18B 100%	-195.45M 108.95%	-390.90M 100%	1.54B 493.34%	3.08B 100%	-1.24B 140.42%	-2.49B 100%			-222.50M -	-445M 100%
cash at beginning of period		7.46B -	8.37B 12.33%	8.37B 0%		10.56B -	10.17B 3.70%	10.17B 0%		13.24B -				8.97B -
cash at end of period	459.55M -	8.37B 1,722.24%	9.47B 13.03%	10.56B 11.53%	-195.45M 101.85%	10.17B 5,301.38%	11.70B 15.12%	13.24B 13.14%	-1.24B 109.39%	10.76B 965.30%			-222.50M -	8.53B 3,932.40%
operating cash flow	2.64B -	5.18B 96.44%	2.60B 49.88%	5.43B 109.28%	2.22B 59.13%	4.20B 89.22%	2.60B 38.13%	5.53B 112.58%	2.61B 52.83%	5.58B 113.85%			2.36B -	4.98B 111.39%
capital expenditure	-1.80B -	-3.67B 104.16%	-1.84B 49.85%	-4.74B 157.82%	-1.61B 66.00%	-3.24B 100.83%	-2.25B 30.54%	-5.10B 126.51%	-1.80B 64.72%	-3.62B 101.35%			-1.58B -	-3.17B 100.89%
free cash flow	840.75M -	1.51B 79.96%	757.25M 49.95%	691.70M 8.66%	608.75M 11.99%	964.70M 58.47%	351.25M 63.59%	433.50M 23.42%	810.35M 86.93%	1.96B 141.56%			779.75M -	1.81B 132.61%

COM:TOWNGAS

Towngas

Market Cap

13.41B

Beta: -

Volume Today

4.14K

Avg: -

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