Market : Hong Kong
Symbol : 2886.HK
Industry : Gas Distribution

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.

Share Graph
Share Data
17/05/2024
Currency HKD
Previous Close 1.17
Change (%) 0.86
Volume 2,722,000
Number of Shares(mil) 1,352.03
Market Cap (mil) 1,581.87
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
Revenue
Profit for The Year
Basic Earnings per Share
Segment Result 2023