{ "schemaVersion": 1, "organisationId": "O-e2d10aa1e0724566a1a045ec207df146", "slug": "hong-kong-china-gas", "name": "HONG KONG & CHINA GAS", "updatedAt": "2026-09-28T14:46:55.103689Z", "sections": [ { "type": "OVERVIEW", "text": "The Hong Kong and China Gas Company Limited (Towngas) is a gas utility serving customers in Hong Kong and mainland China. Its core business is gas supply; it also operates mainland water and environmental services and has businesses in renewable and green energy. [P134591388]\n\nThe company’s scale reflects its presence in both markets: it reported 2.04 million gas customers in Hong Kong and 42.49 million on the mainland in 2024. Revenue for that year was HK$55.5 billion. [T15390086][T15390089]\n[P134591388][T15390086][T15390086][T15390089]", "updatedAt": "2026-09-28T14:46:55.103689Z" }, { "type": "PRODUCTS", "text": "Hong Kong & China Gas supplies town gas in Hong Kong and city gas in mainland China. Its mainland gas customers include industrial, commercial and residential users, as well as wholesale and power-generation customers. It also sells kitchen appliances, including gas cooktops, water heaters, built-in ovens and range hoods, and offers smart-kitchen, home-safety and insurance products and services. [P134591424][P134591445][P134594302][P134591551]\n\nBeyond gas, its offerings include water and environmental services, with projects involving industrial wastewater treatment and kitchen-waste processing. Its energy products and services include solar photovoltaic electricity, electricity trading, commercial and industrial energy storage, energy and carbon management, and carbon-asset services. [P134594385][P134591507][P134591518][P134591519][P134591520]\n\nThe company also produces sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO), and is developing green methanol and hydrogen projects. Reported 2024 production was 0.18 million tonnes of SAF and 0.12 million tonnes of HVO; those figures describe output, not a share of company revenue. [P134591620][P134591600][P134591614]\n[P134591424][P134591445][P134594302][P134591551][P134594385][P134591507][P134591518][P134591519][P134591520][P134591620][P134591600][P134591614]", "updatedAt": "2026-09-28T14:46:55.103689Z" }, { "type": "GEOGRAPHY", "text": "Hong Kong & China Gas operates in Hong Kong and mainland China. In 2024, it sold 27,159 terajoules of gas to a Hong Kong customer base of 2.04 million. Its mainland operations sold 36.4 billion cubic metres of gas and served 42.49 million customers. These figures describe operating scale, not revenue by geography. [P134591360]\n\nThe company’s mainland gas-supply infrastructure includes an LNG terminal at Caofeidian, underground gas storage at Jintan, upstream resource projects at Jincheng and Weiyuan, and an LNG terminal at Dapeng Bay. These locations are examples of its mainland presence rather than a complete list of operating areas. [T15390104]\n[P134591360][T15390104]", "updatedAt": "2026-09-28T14:46:55.103689Z" }, { "type": "SEGMENTS", "text": "Hong Kong & China Gas presents its operations in two broad groups: Utility Business and Growth Business. Within Utility Business, it distinguishes Hong Kong operations from Mainland operations. The Hong Kong business supplies piped gas, while the Mainland business includes gas distribution as well as water and environmental services. In its 2024 breakdown of profit from operations, Hong Kong contributed approximately 53% and Mainland operations approximately 41%; the Mainland figure is not a gas-only measure. [P134591388][P134591392][P134591394][P134591395][P134591399][P134591499]\n\nThe Growth Business breakdown identifies Renewable Energy, Extended Business, Green Energy (EcoCeres), and Others (mainly Eco). Renewable Energy includes solar photovoltaic projects and energy and carbon management services; Extended Business includes customer-facing products and services such as kitchen appliances and home-safety services; and EcoCeres produces sustainable aviation fuel and renewable diesel. Their respective contributions to 2024 profit from operations were approximately 4%, 6%, 1% and −6%. These are shares of operating profit, not revenue or formally reported segment-revenue percentages. [P134591507][P134591544][P134591551][P134591557][P134591620][P134591398][P134591399]\n[P134591388][P134591392][P134591394][P134591395][P134591399][P134591499][P134591507][P134591544][P134591551][P134591557][P134591620][P134591398]", "updatedAt": "2026-09-28T14:46:55.103689Z" }, { "type": "HISTORY", "text": "The Hong Kong and China Gas Company was founded in 1862 and began supplying gas for lighting in Hong Kong in 1864. [https://www.towngas.com/en/About-Us/Our-History] It expanded into mainland China’s city-gas market in the 1990s, and its 2007 transaction with Panva Gas marked a further expansion of that business. [https://www.towngas.com/en/About-Us/Our-History] In 2021, its mainland subsidiary Towngas China changed its name to Towngas Smart Energy, reflecting a broader focus on energy services. [https://www.towngas.com/en/Our-Business/Towngas-Smart-Energy]\n[https://www.towngas.com/en/About-Us/Our-History][https://www.towngas.com/en/Our-Business/Towngas-Smart-Energy]", "updatedAt": "2026-09-28T14:46:55.103689Z" } ], "sources": [ { "id": "P134591388", "href": "https://app.finbar.com/go?id=P134591388", "label": "HONG KONG & CHINA GAS — Presentation (2024 Y), p6", "documentId": "D-c73cd23ee273412a8f6512107a50b44a", "page": 6 }, { "id": "T15390086", "href": "https://app.finbar.com/go?id=T15390086", "label": "HONG KONG & CHINA GAS — Presentation (2024 Y), p5", "documentId": "D-c73cd23ee273412a8f6512107a50b44a", "page": 5 }, { "id": "T15390089", "href": "https://app.finbar.com/go?id=T15390089", "label": "HONG KONG & CHINA GAS — Presentation (2024 Y), p9", "documentId": "D-c73cd23ee273412a8f6512107a50b44a", "page": 9 }, { "id": "P134591424", "href": "https://app.finbar.com/go?id=P134591424", "label": "HONG KONG & CHINA GAS — Presentation (2024 Y), p14", "documentId": 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