Tian Lun Gas Holdings Limited - 1600.HK

1600.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
1600.HK	-1.5	-5.2	-8.9	-2.9	-8.1	0.6	-63.9	-49.8	-57.8	53.0
S&P 500	1.0	0.6	1.1	2.4	8.9	23.6	36.4	80.6	195.1	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	1600.HK
name	Tian Lun Gas Holdings Limited
price	3.29
changes percentage	-1.497
change	-0.05
day low	3.25
day high	3.36
year high	5.67
year low	3.1
market cap	3188227140
price avg 50	3.456
price avg 200	3.7659
exchange	HKSE
volume	1342500
avg volume	1563079
open	3.33
previous close	3.34
eps	0.47
pe	7
earnings announcement	2025-03-27T12:00:00.000+0000
shares outstanding	969066000
timestamp	2025-01-21 08:08:04

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 59.7%

Overall Quarterly Financial Health: 49.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	7725448000	7542859000	2.42
gross profit	1452847000	1392909000	4.30
gross profit ratio	0.19	0.18	1.84
research and development expenses	0	0	NaN
operating expenses	415155000	418476000	-0.79
interest income	9429000	304309000	-96.90
interest expense	391241000	315850000	23.87
ebitda	1462048000	1334135000	9.59
ebitdaratio	0.19	0.18	4.05
operating income	1037692000	1048492999	-1.03
operating income ratio	0.13	0.14	-3.37
net income	479562000	444598000	7.86
net income ratio	0.06	0.06	5.31
eps	0.49	0.45	8.89

Overall Score of Annual Income Statement

0.86 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 7,725 million in 2023 from 7,543 million in 2022 representing a change of 2.42%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 1,453 million in 2023 from 1,393 million in 2022 representing a change of 4.3%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 415 million in 2023 from 418 million in 2022 representing a change of -0.79%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 1,462 million in 2023 from 1,334 million in 2022 representing a change of 9.59%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Net Income: Net income increased to 480 million in 2023 from 445 million in 2022 representing a change of 7.86%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.49 in 2023 from 0.49 in 2022 representing a change of 8.89%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Income: Operating income decreased to 1,038 million in 2023 from 1,048 million in 2022 representing a change of -1.03%. The decrease in operating income indicates worse operational performance and decreased profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
revenue	3834807000	3758797000	2.02
gross profit	543347000	830741000	-34.59
gross profit ratio	0.14	0.22	-35.89
research and development expenses	0	0	NaN
operating expenses	165758000	245188000	-32.40
interest income	0	184560000	-100.00
interest expense	0	0	NaN
ebitda	580244000	660414000	-12.14
ebitdaratio	0.15	0.18	-13.88
operating income	377589000	585553000	-35.52
operating income ratio	0.1	0.16	-36.79
net income	132210000	292911000	-54.86
net income ratio	0.03	0.08	-55.76
eps	0.14	0.3	-53.33

Overall Score of Quarterly Income Statement

0.29 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 3,835 million in 2024Q2 from 3,759 million in 2023Q4 representing a change of 2.02%. This indicates a sales growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 166 million in 2024Q2 from 245 million in 2023Q4 representing a change of -32.4%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 543 million in 2024Q2 from 831 million in 2023Q4 representing a change of -34.59%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 580 million in 2024Q2 from 660 million in 2023Q4 representing a change of -12.14%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 378 million in 2024Q2 from 586 million in 2023Q4 representing a change of -35.52%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 132 million in 2024Q2 from 293 million in 2023Q4 representing a change of -54.86%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.14 in 2024Q2 from 0.14 in 2023Q4 representing a change of -53.33%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	15690524000	15958734000	-1.68
total liabilities	9578703000	10136064000	-5.50
total equity	6111821000	5822670000	4.97
cash and cash equivalents	964310000	1340135000	-28.04
short term investments	14328000	10899000	31.46
long term investments	918907000	941502000	-2.40
total current assets	5744716000	5982092000	-3.97
total non current assets	9945808000	9836131000	1.12
total current liabilities	5703566000	5084518000	12.18
total non current liabilities	3875137000	4287778000	-9.62
common stock	8263999	8511000	-2.90
retained earnings	5874223000	5394661000	8.89
total debt	6810908000	7211519000	-5.56

Overall Score of Annual Balance Sheet

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 15,691 million in 2023 from 15,959 million in 2022 representing a change of -1.68%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 964 million in 2023 from 1,340 million in 2022 representing a change of -28.04%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 5,745 million in 2023 from 5,982 million in 2022 representing a change of -3.97%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 5,704 million in 2023 from 5,085 million in 2022 representing a change of 12.18%. This indicates a higher short-term debt burden.

  Common Stock: Common Stock decreased to 8 in 2023 from 9 in 2022 representing a change of -2.9%. This indicates a decrease in ownership interest.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 9,579 million in 2023 from 10,136 million in 2022 representing a change of -5.5%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 6,112 million in 2023 from 5,823 million in 2022 representing a change of 4.97%. This indicates an increase in shareholders' equity.

  Short Term Investments: Short Term Investments increased to 14 million in 2023 from 11 million in 2022 representing a change of 31.46%. This indicates an increase in short-term investment holdings.

  Retained Earnings: Retained Earnings increased to 5,874 million in 2023 from 5,395 million in 2022 representing a change of 8.89%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 6,811 million in 2023 from 7,212 million in 2022 representing a change of -5.56%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
total assets	16104695000	15690524000	2.64
total liabilities	9969523000	9578703000	4.08
total equity	6135172000	6111821000	0.38
cash and cash equivalents	1264593000	964310000	31.14
short term investments	30583000	14328000	113.45
long term investments	929359000	918907000	1.14
total current assets	6169512000	5744716000	7.39
total non current assets	9935183000	9945808000	-0.11
total current liabilities	5215830000	5703566000	-8.55
total non current liabilities	4753693000	3875137000	22.67
common stock	8263999	8264000	-0.00
retained earnings	4831321000	4804155000	0.57
total debt	7613780000	6810908000	11.79

Overall Score of Quarterly Balance Sheet

0.7 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 16,105 million in 2024Q2 from 15,691 million in 2023Q4 representing a change of 2.64%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 6,135 million in 2024Q2 from 6,112 million in 2023Q4 representing a change of 0.38%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,265 million in 2024Q2 from 964 million in 2023Q4 representing a change of 31.14%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 31 million in 2024Q2 from 14 million in 2023Q4 representing a change of 113.45%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 6,170 million in 2024Q2 from 5,745 million in 2023Q4 representing a change of 7.39%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 5,216 million in 2024Q2 from 5,704 million in 2023Q4 representing a change of -8.55%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 4,831 million in 2024Q2 from 4,804 million in 2023Q4 representing a change of 0.57%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 9,970 million in 2024Q2 from 9,579 million in 2023Q4 representing a change of 4.08%. This indicates an increase in overall liabilities.

  Common Stock: Common Stock decreased to 8 in 2024Q2 from 8 in 2023Q4 representing a change of -0.0%. This indicates a decrease in ownership interest.

  Total Debt: Total Debt increased to 7,614 million in 2024Q2 from 6,811 million in 2023Q4 representing a change of 11.79%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-375825000	325157000	-215.58
operating cash flow	1019771000	689223000	47.96
free cash flow	701958000	303680000	131.15
capital expenditure	-317813000	-385543000	17.57
depreciation and amortization	354781000	334802000	5.97
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	-145614000	-54456000	-167.40
inventory	-51579000	25382000	-303.21
acquisitions net	-1852000	-97343000	98.10
investments in property plant and equipment	-312101000	-385543000	19.05
net cash used for investing activites	-312193000	-465901000	32.99
debt repayment	-492156000	664054000	-174.11
common stock issued	0	333772000	-100.00
common stock repurchased	-3199000	-269421000	98.81
dividends paid	-152687000	-223081000	31.56
net cash used provided by financing activities	-1082786000	99339000	-1189.99
cash at end of period	964310000	1340135000	-28.04
accounts receivables	2499000	-540612000	100.46
cash at beginning of period	1340135000	1014978000	32.04

Overall Score of Annual Cashflow Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -376 million in 2023 from 325 million in 2022 representing a change of -215.58%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure increased to -318 million in 2023 from -386 million in 2022 representing a change of 17.57%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Payables: The absolute value of Accounts Payables increased to 146 million in 2023 from 54 million in 2022 representing a change of -167.4%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables increased to 2 in 2023 from -541 million in 2022 representing a change of 100.46%. This suggests that the company is less capable of collecting payments from its customers.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 1,020 million in 2023 from 689 million in 2022 representing a change of 47.96%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 702 million in 2023 from 304 million in 2022 representing a change of 131.15%. This indicates an increase in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid increased to -153 million in 2023 from -223 million in 2022 representing a change of 31.56%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
operating cash flow	4757000	694371000	-99.31
free cash flow	-137474000	518669000	-126.51
capital expenditure	-142231000	-175702000	19.05
depreciation and amortization	175896000	183980000	-4.39
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	2499000	-100.00
accounts payables	0	0	NaN
inventory	0	-51579000	100.00
acquisitions net	0	-4523000	100.00
investments in property plant and equipment	-142231000	-175702000	19.05
net cash used for investing activites	-159735000	4476000	-3668.70
debt repayment	794807000	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-105044000	-152687000	31.20
net cash used provided by financing activities	463038000	-987142000	146.91
net change in cash	1264593000	0	NaN
cash at end of period	1264593000	1252876000	0.94
cash at beginning of period	0	1252876000	-100.00

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 1,265 million in 2024Q2 from 0 million in 2023Q4 representing a change of nan%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2024Q2 from 2 million in 2023Q4 representing a change of -100.0%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -105 million in 2024Q2 from -153 million in 2023Q4 representing a change of 31.2%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 5 million in 2024Q2 from 694 million in 2023Q4 representing a change of -99.31%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -137 million in 2024Q2 from 519 million in 2023Q4 representing a change of -126.51%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure increased to -142 million in 2024Q2 from -176 million in 2023Q4 representing a change of 19.05%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	7.97	7.67	3.87
net income per share	0.49	0.45	9.39
operating cash flow per share	1.05	0.7	50.06
free cash flow per share	0.72	0.31	134.43
cash per share	1.01	1.37	-26.54
book value per share	6.31	5.92	6.45
tangible book value per share	1.29	0.86	50.81
shareholders equity per share	5.98	5.6	6.79
interest debt per share	7.43	7.66	-2.96
market cap	3652841971.58	3384571671	7.93
enterprise value	9499439971.58	9255955671	2.63
pe ratio	7.62	7.61	0.06
price to sales ratio	0.47	0.45	5.38
pocfratio	3.58	4.91	-27.06
pfcf ratio	5.2	11.15	-53.31
pb ratio	0.63	0.61	2.50
ptb ratio	0.63	0.61	2.50
ev to sales	1.23	1.23	0.20
enterprise value over ebitda	6.5	6.94	-6.35
ev to operating cash flow	9.32	13.43	-30.64
ev to free cash flow	13.53	30.48	-55.60
earnings yield	0.13	0.13	-0.06
free cash flow yield	0.19	0.09	114.17
debt to equity	1.17	1.31	-10.31
debt to assets	0.43	0.45	-3.94
net debt to ebitda	4.0	4.4	-9.13
current ratio	1.01	1.18	-14.39
interest coverage	2.65	3.32	-20.10
income quality	1.42	1.55	-8.13
dividend yield	0.04	0.07	-36.58
payout ratio	0.32	0.5	-36.55
sales general and administrative to revenue	0.03	0.03	-0.61
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.31	0.31	-0.76
capex to operating cash flow	0.31	0.56	-44.29
capex to revenue	0.04	0.05	-19.52
capex to depreciation	0.9	1.15	-22.21
stock based compensation to revenue	0	0	NaN
graham number	8.16	7.55	8.08
roic	0.05	0.05	-0.27
return on tangible assets	0.04	0.04	9.33
graham net net	-5.93	-6.12	3.16
working capital	41150000	897574000	-95.42
tangible asset value	1252424000	842261000	48.70
net current asset value	-3833987000	-4153972000	7.70
invested capital	8922550000	9792203000	-8.88
average receivables	3644287500	3366578000	8.25
average payables	683019500	816086500	-16.31
average inventory	155049499.5	141950999.5	9.23
days sales outstanding	174.1	174.38	-0.16
days payables outstanding	33.04	47.37	-30.25
days of inventory on hand	10.52	7.67	37.17
receivables turnover	2.1	2.09	0.17
payables turnover	11.05	7.7	43.37
inventory turnover	34.69	47.58	-27.10
roe	0.08	0.08	2.44
capex per share	0.33	0.39	-16.40

• ROE:

  Debt-to-Equity Ratio:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 7.62 on 2023-12-31 from 7.61 on 2022-12-31, representing a change of 0.06%. Indicating an increase in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.01 on 2023-12-31 from 1.18 on 2022-12-31, representing a change of -14.39%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Quarterly Financial Ratios

	2024-06-30 Q2	2023-12-31 Q4	Q/Q change %
1600.HK
calendar year	2024	2023	NaN
revenue per share	3.96	3.88	2.02
net income per share	0.14	0.3	-54.86
operating cash flow per share	0.0	0.72	-99.31
free cash flow per share	-0.14	0.54	-126.51
cash per share	1.34	1.01	32.34
book value per share	6.33	6.31	0.38
tangible book value per share	1.38	1.02	34.45
shareholders equity per share	6.01	5.98	0.47
interest debt per share	7.86	7.03	11.79
market cap	3443452716.35	3652787975.27	-5.73
enterprise value	9792639716.35	9499385975.27	3.09
pe ratio	6.51	3.12	108.85
price to sales ratio	0.9	0.97	-7.60
pocfratio	723.87	5.26	13660.31
pfcf ratio	-25.05	7.04	-455.66
pb ratio	0.59	0.63	-6.17
ptb ratio	0.59	0.63	-6.17
ev to sales	2.55	2.53	1.04
enterprise value over ebitda	16.88	14.38	17.33
ev to operating cash flow	2058.57	13.68	14947.44
ev to free cash flow	-71.23	18.31	-488.93
earnings yield	0.04	0.08	-52.12
free cash flow yield	-0.04	0.14	-128.12
debt to equity	1.31	1.17	11.27
debt to assets	0.47	0.43	8.91
net debt to ebitda	10.94	8.85	23.60
current ratio	1.18	1.01	17.44
interest coverage	0	0	NaN
income quality	0.04	2.37	-98.48
dividend yield	0.03	0.04	-27.02
payout ratio	0.79	0.52	52.42
sales general and administrative to revenue	0.03	0.04	-17.93
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.3	0.33	-8.63
capex to operating cash flow	29.9	0.25	11716.15
capex to revenue	0.04	0.05	-20.65
capex to depreciation	0.81	0.96	-15.33
stock based compensation to revenue	0	0	NaN
graham number	4.3	6.38	-32.66
roic	0.02	0.03	-41.32
return on tangible assets	0.01	0.03	-57.79
graham net net	-5.89	-5.93	0.67
working capital	953682000	41150000	2217.57
tangible asset value	1333324000	991692000	34.45
net current asset value	-3800011000	-3833987000	0.89
invested capital	9804867000	8979562000	9.19
average receivables	None	None	NaN
average payables	None	None	NaN
average inventory	None	None	NaN
days sales outstanding	89.88	88.23	1.87
days payables outstanding	10.65	17.45	-39.01
days of inventory on hand	5.16	5.56	-7.22
receivables turnover	1.0	1.02	-1.84
payables turnover	8.45	5.16	63.95
inventory turnover	17.45	16.19	7.78
roe	0.02	0.05	-55.07
capex per share	0.15	0.18	-19.05

• Negative

  ROE: Return on Equity (ROE) decreased to 0.02 on 2024-06-30 Q2 from 0.05 on 2023-12-31 Q4, representing a change of -55.07%. Suggesting that the company has not been generating high returns for its shareholders.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 6.51 on 2024-06-30 Q2 from 3.12 on 2023-12-31 Q4, representing a change of 108.85%. Indicating an increase in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 1.18 on 2024-06-30 Q2 from 1.01 on 2023-12-31 Q4, representing a change of 17.44%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

• Debt-to-Equity Ratio:

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None