Annual Performance
(for the year ended 31 March)
Operational highlights
| FY2021/22 | FY2020/21 | FY2019/20 | FY2018/19 | FY2017/18 | FY2016/17 | FY2015/16 |
Number of piped-gas projects | 660 | 642 | 604 | 542 | 495 | 330 | 305 |
Connectable residential users for city gas projects (million household) | 53.5 | 53.0 | 44.5 | 43.0 | 41.0 | 38.9 | 30.5 |
Penetration rate of residential users for city gas projects (%) | 65.2 | 60.8 | 64.9 | 60.7 | 57.2 | 53.1 | 48.1 |
Total natural gas sales (million m3) | 36,703.2 | 31,210.7 | 25,372.4 | 24,656.4 | 18,659.3 | 12,224.3 | 9,860.0 |
Natural gas sold through retail business (million m3) |
Residential users | 7,353.9 | 6,107.4 | 4,926.7 | 3,984.7 | 3,088.9 | 1,929.5 | 2,565.3 |
Industrial users | 10,804.3 | 9,018.3 | 7,417.8 | 7,050.0 | 5,419.6 | 3,679.3 | 3,167.1 |
Commercial users | 2,948.2 | 2,549.2 | 2,286.2 | 2,516.2 | 2,054.1 | 1,661.0 | 1,429.8 |
CNG/LNG refilling stations | 812.4 | 1,024.3 | 1,000.5 | 1,193.5 | 1,223.9 | 1,203.5 | 1,153.2 |
Accumulated number of connections and CNG/LNG refilling stations |
Residential users | 43,095,245 | 40,153,824 | 35,105,524 | 29,678,157 | 24,570,321 | 20,681,656 | 14,691,200 |
Industrial users | 19,808 | 17,046 | 14,678 | 12,407 | 9,721 | 7,403 | 4,590 |
Commercial users | 297,664 | 266,464 | 233,687 | 199,637 | 168,964 | 141,969 | 86,976 |
CNG/LNG refilling stations | 533 | 557 | 556 | 575 | 580 | 580 | 571 |
Financial highlights
HK$ million | FY2021/22 | FY2020/21 | FY2019/20 | FY2018/19 | FY2017/18 | FY2016/17 | FY2015/16 |
Revenue | 88,225.2 | 69,975.4 | 59,539.7 | 59,386.1 | 52,832.0 | 31,993.3 | 29,496.9 |
Gross profit margin (%) | 17.8 | 25.9 | 28.7 | 23.7 | 22.1 | 26.2 | 24.5 |
Profit before taxation | 10,787.3 | 14,090.0 | 12,725.1 | 11,183.0 | 8,600.0 | 5,902.2 | 3,717.7 |
Profit for the period | 8,782.9 | 11,672.3 | 10,260.7 | 8,984.6 | 6,669.1 | 4,694.7 | 2,733.3 |
Profit for the period attributable to owners of the Company | 7,662.0 | 10,478.7 | 9,188.5 | 8,224.4 | 6,095.2 | 4,147.7 | 2,273.1 |
Average finance costs (%) | 3.70 | 4.06 | 4.50 | 4.60 | 4.00 | 4.08 | 4.15 |
Earnings per share (HK$) | 1.39 | 2.01 | 1.76 | 1.63 | 1.23 | 0.85 | 0.46 |
Payout ratio (basic) (%) | 39.6 | 27.4 | 28.4 | 27.0 | 28.5 | 29.6 | 42.5 |
Payout ratio (core) (%)* | 37.7 | 27.8 | 27.6 | 27.3 | 27.3 | 27.4 | 26.0 |
*Note: net of one-off or non-operational items, such as FX gain/loss or impairment loss, etc.
Balance sheet highlights
HK$ million | FY2021/22 | FY2020/21 | FY2019/20 | FY2018/19 | FY2017/18 | FY2016/17 | FY2015/16 |
Non-current assets | 107,723.0 | 90,326.5 | 72,590.4 | 68,276.6 | 57,180.7 | 44,858.9 | 39,886.3 |
Current assets | 55,423.4 | 50,394.2 | 39,509.2 | 41,603.1 | 24,877.3 | 15,362.9 | 13,646.5 |
Current liabilities | 54,287.1 | 46,313.3 | 49,347.0 | 46,644.2 | 27,101.6 | 22,579.4 | 19,802.9 |
Non-current liabilities | 36,790.1 | 34,543.2 | 16,952.6 | 22,453.1 | 22,226.3 | 13,695.8 | 12,765.9 |
Net assets | 72,069.2 | 59,864.2 | 45,800.0 | 40,782.4 | 32,730.1 | 23,946.6 | 20,964.0 |
Current ratio (times) | 1.02 | 1.09 | 0.80 | 0.89 | 0.92 | 0.68 | 0.69 |
Gearing ratio (times) | 0.64 | 0.65 | 0.64 | 0.54 | 0.62 | 0.77 | 0.79 |