Towngas China Company Limited - Company Capsule

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					Towngas China Company Limited

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Towngas China Company Limited                                           Financial Snapshot

                                                                        Operating Performance
Fast Facts
                                                                        The company reported revenue of US$383.71 million
Headquarters Address            23rd Floor, 363 Java Road, ,Hong Kong
                                                                        during the fiscal year 2010 (2010). The company's
                                                                        revenue grew at a CAGR of 3.06% during 2006–
Telephone                       + 852 2963 3298
                                                                        2010, with an annual growth of 46.82% over 2009. In
                                                                        2010, the company recorded an operating margin of
Fax                             + 852 2561 6618                         15.72%, as against 15.31% in 2009.

Website                         www.towngaschina.com
                                                                        Revenue and Margins
Ticker Symbol, Stock Exchange   1083, Hong Kong Stock Exchange

Number of Employees             16,113

Fiscal Year End                 December

Revenue (in US$ million)        383.71

Revenue (in HKD million)        2,981.42




                                                                        Return on Equity

                                                                        The company recorded a return on equity (ROE) of
                                                                        5.09% for 2010, as compared to its peers, China Gas
                                                                        Holdings Limited (Ticker: 384), ENN Energy Holdings
                                                                        Ltd (Ticker: 2688) and NewOcean Energy Holdings
                                                                        Limited (Ticker: 342), which recorded ROEs of
                                                                        21.24%, 16.80% and 9.30% respectively. The
                                                                        company reported an operating margin of 15.72% in
                                                                        2010.


                                                                        Return on Equity




                                                                        Liquidity Position

                                                                        The company reported a current ratio of 0.47 in 2010,
                                                                        as compared to its peers, China Gas Holdings
                                                                        Limited, ENN Energy Holdings Ltd and NewOcean
                                                                        Energy Holdings Limited, which recorded current
                                                                        ratios of 0.79, 0.68 and 1.18 respectively. As of
                                                                        December 2010, the company recorded cash and
                                                                        short-term investments of worth US$184.55 million,
                                                                        against US$359.38 million current debt. The company
                                                                        reported a debt to equity ratio of 0.43 in 2010 as
                                                                        compared to its peers, China Gas Holdings Limited,
                                                                        ENN Energy Holdings Ltd and NewOcean Energy
                                                                        Holdings Limited, which recorded debt to equity ratios
                                                                        of 3.24, 1.04 and 2.45 respectively.




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Towngas China Company Limited - Company Capsule                                                                 Page 1
Towngas China Company Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..............................................................................................................................
				
DOCUMENT INFO
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