Binhai Investment Company Limited (stock code: 2886), an investment holding company listed on Hong Kong Stock Exchange, is principally engaged in investments in the construction and operation of gas pipeline networks, provision of connection services, supply and provision of gas, and sale of liquefied petroleum gas. As one of the earliest foreign-funded enterprises participating in the public utilities industry in the PRC, the Company is committed to developing the gas market in mainland China. Over the last decade, we have been committed to aligning with the national policy of the PRC in providing clean energy for the commercial and industrial users and urban citizens.
As of 31 December 2023, Tianjin TEDA Investment Holding Company Limited is the Company's controlling shareholder, owned 40.32% of the total issued ordinary shares of Binhai Investment through its indirect subsidiaries TEDA Hong Kong Property Company Limited,Santa Resources Limited and Learder Top Investments Limited. Sinopec Great Wall Gas Investment Company Limited is the Company's second largest shareholder, owned 29.97% of the total issued ordinary shares of Binhai Investment through its wholly-owned subsidiary Great Wall Energy Investment (Hong Kong) Limited.
Currency | HKD |
Previous Close | 1.03 |
Change (%) | -0.96 |
Volume | 374,000 |
Number of Shares(mil) | 1,383.26 |
Market Cap (mil) | 1,424.75 |
Financial Highlights (HK$’000) | 2021 |
2022 |
2023 |
---|---|---|---|
Income Statement | |||
Revenue | 4,842,926 | 6,102,638 | 6,406,681 |
Gross profit | 855,441 | 727,322 |
748,979 |
Profit for the year | 410,025 | 332,753 | 263,422 |
Profit for the year attributable to owners of the Company | 399,659 | 325,833 | 256,612 |
Balance Sheet | |||
Current assets | 1,700,664 | 1,935,797 | 1,875,411 |
Total assets | 8,179,625 | 8,570,664 | 8,590,782 |
Total equity | 2,322,787 | 2,285,986 | 2,320,551 |
Current liabilities | 3,400,294 | 3,788,969 | 4,051,960 |
Total liabilities | 5,856,838 | 6,284,678 | 6,270,231 |
Cash Flow | |||
Net cash inflow from operating activities | 486,153 | 350,252 | 832,385 |
Net cash outflow from investing activities | -613,387 | -802,420 | -586,856 |
Net cash (outflow)/inflow from financing activities | 444,823 | 617,135 | -252,551 |
Cash and cash equivalents at end of year | 742,181 | 845,250 | 808,364 |
Financial Indicators | |||
Basic earnings per share (HK cents) | 29.6 | 24.1 | 19.0 |
Diluted earnings per share (HK cents) | 29.5 | 24.0 | 18.9 |
Gross profit margin (%) | 17.66 | 11.92 | 11.69 |
Profit margin for the year (%) | 8.47 | 5.45 | 4.11 |
Average finance costs (%) | 4.4 | 4.6 | 5.5 |
Return on average equity (%) | 19.1 | 14.6 | 11.5 |