August 28, 2016 8:12 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Beijing Gas Group Co., Ltd.

Company Overview

Beijing Gas Group Co., Ltd. provides natural gas production and distribution services. The company was founded in 1999 and is based in Beijing, China. As of June 30, 2007, Beijing Gas Group Co., Ltd. operates as a subsidiary of Beijing Enterprises Holdings Ltd.

22 Xizhimen nanxiaojie

Xicheng

Beijing,  100035

China

Founded in 1999

Phone:

86 10 6620 5589

Fax:

86 10 6620 5587

Key Executives for Beijing Gas Group Co., Ltd.

General Manager and Vice Chairman
Age: 53
Compensation as of Fiscal Year 2016.

Beijing Gas Group Co., Ltd. Key Developments

Beijing Gas Group Company Limited Reports Unaudited Earnings Results for the Six Months Ended June 30, 2015

Beijing Gas Group Company Limited reported unaudited earnings results for the six months ended June 30, 2015. For the period, revenue was HKD 20.886 billion increased by 45.6% as compared with the same period of last year. The gas sales volume was approximately 6.04 billion cubic meters. The capital expenditure amounted to approximately HKD 1.464 billion. The company shared a net profit after tax of HKD 1.319 billion through its 40% equity interests in PetroChina Beijing Pipeline Company in the first half of 2015, representing an increase of 22.6% when compared with the same period of last year. The increase in profit was much higher than the increase in gas transmission volume, which was mainly due to a relatively higher increase in gas transmission volume to Beijing region, and thereby picked up the income per cubic metre from gas transmission.

Beijing Gas And Mitsui Selected For Stake Sale In Gaspetro

Beijing Gas Group Co., Ltd. and Mitsui & Co. Ltd. (TSE:8031) have been selected as the buyers by Petróleo Brasileiro S.A. - Petrobras (BOVESPA:PETR4) for the sale of 49% stake in Petrobras Gás S.A. - Gaspetro. Others in race whose offers were ruled included Gas Natural SDG SA (CATS:GAS), Washington Gas Resources Corp., Cosan Limited (BOVESPA:CZLT33), Marubeni Corporation (TSE:8002).

Beijing Gas Group Company Limited Reports Earnings and Operating Results for the Year 2014

Beijing Gas Group Company Limited reported earnings and operating results for the year 2014. The company recorded a gas sales volume of 9.96 billion cubic metres in 2014, representing a year-on-year growth of 14.2%. Revenue amounted to HKD 32.44 billion, representing a year-on-year growth of 28.9%. In 2014, the company incurred a capital expenditure of approximately HKD 1.49 billion in natural gas distribution business. In 2014, there were approximately 206,000 new subscribers, of which 202,000 were household subscribers and 4,537 were public-sector subscribers. At the end of 2014, the total number of natural gas subscribers has reached 5,210,000 and pipelines in operation in Beijing increased to 16,931 kilometers in length. During the year, heating boilers with a total capacity of 5,902 t/h steam were developed, with a loading of 509.6 t/h steam in summer.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 6, 2016
Beijing Gas Group (Teng County) Co,. Ltd.
Private Placement
January 5, 2016
Blue Sky Power Holdings Limited
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Beijing Gas Group Co., Ltd., please visit www.bjgas.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.