TacticScaleWhat Xinjiang Xintai Natural Gas (新天然气) Does & How It Makes Money (603393.SS)
Updated October 2026 · reflects Xinjiang Xintai Natural Gas's latest reported financials
Xinjiang-based natural gas distributor and coalbed methane producer. It earns revenue mainly from selling natural gas to residential, commercial, industrial and CNG vehicle customers, plus connection and installation fees.
How Xinjiang Xintai Natural Gas makes money
It earns revenue mainly from selling natural gas to residential, commercial, industrial and CNG vehicle customers, plus connection and installation fees. Coalbed methane production, LNG trading and pipeline transport add further income.
What Xinjiang Xintai Natural Gas does
Xinjiang Xintai Natural Gas is a regulated gas utility based in Urumqi. It was founded in 2000 and adopted its current name in 2012. Its core business is transmitting, distributing and selling natural gas to residential, commercial, industrial and CNG vehicle users, along with installing household gas connections and running pipelines and gas stations. The company reports three segments: City Gas and Natural Gas Extraction and Sales, Coalbed Methane, and Other. Beyond distribution, it explores for, develops and produces coalbed methane and conventional oil and gas, and produces and trades LNG. Smaller activities include water supply, technical and IT services, vehicle transport, money lending, mining and food-grade beverage sales.
Products & services
- City pipeline natural gas supply
- Home natural gas installation
- Coalbed methane exploration and production
- LNG production and trading
- CNG vehicle gas stations
- Pipeline transportation services
新天然气是做什么的？
新疆鑫泰天然气股份有限公司总部位于乌鲁木齐，成立于2000年，2012年由新疆鑫泰投资（集团）更名而来。公司主要从事天然气的输送、配送、销售和入户安装，客户包括居民、商业、工业及CNG汽车用户，并经营输气管道和加气站。 公司分为城市燃气及天然气开采销售、煤层气和其他三个业务板块。除燃气分销外，公司还勘探、开发和生产煤层气及常规油气，并生产和销售LNG。其他业务包括供水、技术及软件信息服务、车辆运输、小额贷款、采矿和食品级饮料销售等。
What is Xinjiang Xintai Natural Gas worth?
On an owner-earnings DCF, Xinjiang Xintai Natural Gas's most-likely value is about ¥59 versus a recent price near ¥24 (59% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥31) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $24 is below even the no-growth floor ($31); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -2.3%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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