Announcement • Apr 30
Shandong Molong Petroleum Machinery Company Limited, Annual General Meeting, Jun 30, 2026 Shandong Molong Petroleum Machinery Company Limited, Annual General Meeting, Jun 30, 2026, at 14:00 China Standard Time. Location: conference room at no. 999, wensheng street, shandong province, shouguang China New Risk • Apr 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (39% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Apr 02
Shandong Molong Petroleum Machinery Company Limited to Report Q1, 2026 Results on Apr 21, 2026 Shandong Molong Petroleum Machinery Company Limited announced that they will report Q1, 2026 results at 4:00 PM, China Standard Time on Apr 21, 2026 Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.05 loss in FY 2024) Full year 2025 results: EPS: CN¥0.01 (up from CN¥0.05 loss in FY 2024). Revenue: CN¥1.76b (up 30% from FY 2024). Net income: CN¥5.16m (up CN¥48.9m from FY 2024). Profit margin: 0.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 19
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 273% to HK$11.81. The fair value is estimated to be HK$9.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Earnings per share has grown by 45%. Buy Or Sell Opportunity • Mar 03
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 205% to HK$11.79. The fair value is estimated to be HK$8.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Earnings per share has grown by 45%. New Risk • Mar 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Announcement • Dec 31
Shandong Molong Petroleum Machinery Company Limited to Report Fiscal Year 2025 Results on Apr 01, 2026 Shandong Molong Petroleum Machinery Company Limited announced that they will report fiscal year 2025 results on Apr 01, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.008 loss per share (vs CN¥0.13 loss in 3Q 2024) Third quarter 2025 results: CN¥0.008 loss per share (improved from CN¥0.13 loss in 3Q 2024). Revenue: CN¥397.2m (flat on 3Q 2024). Net loss: CN¥6.73m (loss narrowed 94% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shandong Molong Petroleum Machinery Company Limited to Report Q3, 2025 Results on Oct 29, 2025 Shandong Molong Petroleum Machinery Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.008 (vs CN¥0.059 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.008 (up from CN¥0.059 loss in 2Q 2024). Revenue: CN¥506.1m (up 23% from 2Q 2024). Net income: CN¥6.74m (up CN¥53.5m from 2Q 2024). Profit margin: 1.3% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Shandong Molong Petroleum Machinery Company Limited to Report First Half, 2025 Results on Aug 30, 2025 Shandong Molong Petroleum Machinery Company Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 27
Shandong Molong Petroleum Machinery Company Limited Announces Board Appointments, Effective June 27, 2025 Shandong Molong Petroleum Machinery Company Limited at its AGM held on June 27, 2025, approved the election of Mr. Song Guang Jie as an executive Director and Mr. Huang Bing De as a non-executive Director. The term of office of Mr. Song Guang Jie and Mr. Huang Bing De has commenced from the date of the AGM (that is 27 June 2025) and will end on the date on which the term of the eighth session of the Board expires (that is 20 November 2027). Announcement • May 28
Shandong Molong Petroleum Machinery Company Limited, Annual General Meeting, Jun 27, 2025 Shandong Molong Petroleum Machinery Company Limited, Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shouguang, Shandong China New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 56% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average weekly change). Earnings have declined by 9.2% per year over the past 5 years. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.27 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.007 (down from CN¥0.27 in 1Q 2024). Revenue: CN¥291.4m (up 51% from 1Q 2024). Net income: CN¥5.42m (down 98% from 1Q 2024). Profit margin: 1.9% (down from 112% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Shandong Molong Petroleum Machinery Company Limited to Report Q1, 2025 Results on Apr 29, 2025 Shandong Molong Petroleum Machinery Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.05 loss per share (vs CN¥0.71 loss in FY 2023) Full year 2024 results: CN¥0.05 loss per share (improved from CN¥0.71 loss in FY 2023). Revenue: CN¥1.36b (up 2.9% from FY 2023). Net loss: CN¥43.7m (loss narrowed 92% from FY 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Jan 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Dec 31
Shandong Molong Petroleum Machinery Company Limited to Report Fiscal Year 2024 Results on Mar 29, 2025 Shandong Molong Petroleum Machinery Company Limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Nov 21
Shandong Molong Petroleum Machinery Company Limited Announces Board and Committee Changes Shandong Molong Petroleum Machinery Company Limited announced that at the EGM held on 21 November 2024, approved the appointment of Mr. Zhang Zhi Yong and Mr. Wang Tao have been appointed as executive Directors of the eighth session of the Board. Mr. Ma Qing Wen have been appointed as non-executive Directors of the eighth session of the Board; and Mr. Zhang Zhen Quan, Mr. Dong Shao Hua and Mr. Zhang Bing Gang have been appointed
as independent non-executive Directors of the eighth session of the Board. Mr. Liu Cheng An's resignation as a Supervisor has taken effect upon the conclusion of the EGM. Following the expiration of the seventh session of the Supervisory Committee, Mr. Liu Shu Bao has retired as a Supervisor with effect from 21 November 2024. Mr. Jiang Zhen Jian has been appointed as a non-employee representative Supervisor of the eighth session of the Supervisory Committee. The Board announced that Mr. Liang Guo Liang has been elected as the employee representative Supervisor of the eighth session of the Supervisory Committee at the second employee representative meeting of 2024 held on 20 November 2024. Mr. Liang Guo Liang, male, born in March 1979, aged 45, member of the Chinese Communist Party, holds an undergraduate degree. Mr. Liang Guoliang joined the Company in September 2006. He has worked in the administrative office, project operations department, and legal affairs department, and has served successively as manager of the audit department and director of the legal department. He is currently a Supervisory of the Company and the director of the audit and legal department of the Company. The Board announces that with effect from 21 November 2024: Mr. Tang Qing Bin has ceased to be the chairman of the audit committee of the Board (the "Audit committee") and a member of the nomination committee of the Board (the "Nomination Committee"), remuneration committee of the Board (the "Remuneration Committee"); and strategy committee of the Board (the "Strategy Committee"); Mr. Song Zhi Wang has ceased to be the chairman of the Nomination Committee and a member of the Audit Committee, Remuneration Committee and Strategy Committee; Mr. Cai Zhong Jie has ceased to be the chairman of the Remuneration Committee and a member of the Audit Committee, Nomination Committee and Strategy Committee; Mr. Han Gao Gui has ceased to be a member of the Remuneration Committee; Mr. Zhang Zhen Quan has been appointed as the chairman of the Audit Committee and a member of the Nomination Committee, Remuneration Committee, and Strategy Committee; Mr. Zhang Bing Gang has been appointed as the chairman of the Nomination Committee and a member of the Audit Committee, Remuneration Committee and Strategy Committee; Mr. Dong Shao Hua has been appointed as the chairman of the Remuneration Committee and a member of the Audit Committee, Nomination Committee and Strategy Committee; and Mr. Wang Tao has been appointed as a member of the Strategic Development Committee. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.11 loss in 3Q 2023) Third quarter 2024 results: CN¥0.13 loss per share (further deteriorated from CN¥0.11 loss in 3Q 2023). Revenue: CN¥400.5m (up 97% from 3Q 2023). Net loss: CN¥104.7m (loss widened 18% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Oct 31
Shandong Molong Petroleum Machinery Company Limited Announces Board Changes Shandong Molong Petroleum Machinery Company Limited announced that the term of office of the seventh session of the Board will soon expire on 25 November 2024, Mr. Ding Yi will retire from his office as a non-executive Director upon the conclusion of the EGM, and Mr. Tang Qing Bin, Mr. Song Zhi Wang and Mr. Cai Zhong Jie will retire from their offices as independent non-executive Directors upon the conclusion of the EGM. The aforementioned retiring Directors have confirmed that they have no disagreement with the Board and there is no other matter in relation to their retirement that needs to be brought to the attention of the Shareholders. Following the retirement of the aforementioned independent non-executive Directors, there will be changes to the composition of each of the committees of the Board and the Company will make an announcement in relation to the same as and when appropriate. Announcement • Oct 14
Shouguang Huarong Agricultural Technology co., Ltd. agreed to acquire Shouguang Maolong New Materials Technology Development Company Limited from Shandong Molong Petroleum Machinery Company Limited (SEHK:568) for approximately CNY 200 million. Shouguang Huarong Agricultural Technology co., Ltd. agreed to acquire Shouguang Maolong New Materials Technology Development Company Limited from Shandong Molong Petroleum Machinery Company Limited (SEHK:568) for approximately CNY 200 million on October 14, 2024. A cash consideration of CNY 203.04 million will be paid by Shouguang Huarong Agricultural Technology co., Ltd.
As of August 31, 2024, Shouguang Maolong New Materials Technology Development Company Limited reported total assets of CNY 929.53 million and total common equity of CNY 89.96 million.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board and approval of offer by target shareholders. Announcement • Sep 30
Shandong Molong Petroleum Machinery Company Limited to Report Q3, 2024 Results on Oct 31, 2024 Shandong Molong Petroleum Machinery Company Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: CN¥0.059 loss per share (vs CN¥0.089 loss in 2Q 2023) Second quarter 2024 results: CN¥0.059 loss per share (improved from CN¥0.089 loss in 2Q 2023). Revenue: CN¥411.0m (up 5.3% from 2Q 2023). Net loss: CN¥46.8m (loss narrowed 34% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jul 10
Now 23% overvalued Over the last 90 days, the stock has fallen 22% to HK$0.90. The fair value is estimated to be HK$0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Earnings per share has declined by 47%. Buy Or Sell Opportunity • Jul 02
Now 26% overvalued Over the last 90 days, the stock has fallen 7.1% to HK$0.92. The fair value is estimated to be HK$0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Earnings per share has declined by 47%. Announcement • Jun 29
Shandong Molong Petroleum Machinery Company Limited to Report First Half, 2024 Results on Aug 30, 2024 Shandong Molong Petroleum Machinery Company Limited announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jun 26
Now 21% overvalued Over the last 90 days, the stock has fallen 51% to HK$0.88. The fair value is estimated to be HK$0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Earnings per share has declined by 47%. Board Change • May 31
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Qing Bin Tang is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 10
Shandong Molong Petroleum Machinery Company Limited(XSEC:002490) dropped from S&P Global BMI Index Shandong Molong Petroleum Machinery Company Limited(XSEC:002490) dropped from S&P Global BMI Index New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Mar 29
Full year 2023 earnings released: CN¥0.71 loss per share (vs CN¥0.53 loss in FY 2022) Full year 2023 results: CN¥0.71 loss per share (further deteriorated from CN¥0.53 loss in FY 2022). Revenue: CN¥1.32b (down 52% from FY 2022). Net loss: CN¥566.9m (loss widened 33% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Dec 30
Shandong Molong Petroleum Machinery Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024 Shandong Molong Petroleum Machinery Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 3Q 2022) Third quarter 2023 results: CN¥0.11 loss per share (improved from CN¥0.12 loss in 3Q 2022). Revenue: CN¥203.7m (down 69% from 3Q 2022). Net loss: CN¥88.7m (loss narrowed 4.9% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Announcement • Oct 10
Shandong Molong Petroleum Machinery Company Limited Announces Change of General Manager The Board of Shandong Molong Petroleum Machinery Company Limited announced that with effect from 8 October 2023: Mr. Li Zhi Xin has resigned as the General Manager due to re-allocation of duties within the Company and has been appointed as the deputy general manager of the Company; and Mr. Yao You Ling has been appointed as the General Manager. Mr. Yao You Ling (), male, Chinese, born in July 1963, aged 60, is a member of the Communist Party of China, a holder of doctoral degree in engineering, and a researcher of engineering technology application. He was the deputy factory manager of the steel rolling plant and factoru manager of the thin plate plant of Laiwu Iron and Steel Group Yinshan Section Steel Co. Ltd. ("Laigang Steel"), the deputy chief of the command department for the technical transformation project of Laigang Steel and later the chief of the same department and a member of the Party Committee. Mr. Yao was a standing deputy general manager of Rizhao Steel Holding Group Co. Ltd., a director and deputy general manager of Luyin Investment Group Co. Ltd. (a company whose shares are listed on the Shanghai Stock Exchange) and a visiting professor of Anhui University of Technology. He is currently an executive Director and was a non-executive Director and the deputy general manager of the Company. Announcement • Sep 27
Shandong Molong Petroleum Machinery Company Limited Elects Ding Yi as A Non-Executive Director Shandong Molong Petroleum Machinery Company Limited announced that at its EGM held on 26 September 2023, the shareholders elected Mr. Ding Yi as a non-executive director of the seventh session of the board of directors of the company. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.089 loss per share (vs CN¥0.13 loss in 2Q 2022) Second quarter 2023 results: CN¥0.089 loss per share (improved from CN¥0.13 loss in 2Q 2022). Revenue: CN¥390.4m (down 61% from 2Q 2022). Net loss: CN¥71.1m (loss narrowed 33% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • Jul 15
Shandong Molong Petroleum Machinery Company Limited Provides Earnings Guidance for the First Half Ending 30 June 2023 Shandong Molong Petroleum Machinery Company Limited provided earnings guidance for the first half ending 30 June 2023. The company expects net loss attributable to shareholders of listed company RMB 140 million - RMB 180 million, Basic loss per share of RMB 0.175 - RMB 0.226. Announcement • Jul 08
Shandong Molong Petroleum Machinery Company Limited Announces Resignation of Mr. Wang Quan Hong as Non-Executive Director Shandong Molong Petroleum Machinery Company Limited announced that the board of directors announced that Mr. Wang Quan Hong has resigned as a non-executive Director with effect from 7 July 2023 due to his other workarrangements. New Risk • Jun 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • May 20
Shandong Molong Petroleum Machinery Company Limited Approves Directorate Appointments Shandong Molong Petroleum Machinery Company Limited at its AGM held on May 19, 2023, announce that the resolutions on the election of Mr. Zhao Xiaotong as an executive Director and Ms. Zhang Min as a non-executive Director have been passed by the Shareholders at the AGM. The term of office of Mr. Zhao Xiaotong and Ms. Zhang Min commenced from the date of the AGM (i.e. 19 May 2023) and will end on the date on which the term of the seventh session of the Board expires (i.e. 25 November 2024). Reported Earnings • Apr 06
Full year 2022 earnings released: CN¥0.53 loss per share (vs CN¥0.46 loss in FY 2021) Full year 2022 results: CN¥0.53 loss per share (further deteriorated from CN¥0.46 loss in FY 2021). Revenue: CN¥2.77b (down 26% from FY 2021). Net loss: CN¥425.0m (loss widened 16% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 66% per year, which means it is well ahead of earnings. Announcement • Jan 31
Shandong Molong Petroleum Machinery Company Limited Provides Earnings Guidance for the Period Ended December 31, 2022 Shandong Molong Petroleum Machinery Company Limited provided earnings guidance for the period ended December 31, 2022. The company expects net loss attributable to shareholders of listed company RMB 340 million - RMB 370 million, Basic loss per share of 0.43 - 0.46; Operating revenue of RMB 2,700 million - RMB 2,850 million. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non Executive Director Zhi Wang Song was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.12 loss per share (vs CN¥0.047 loss in 3Q 2021) Third quarter 2022 results: CN¥0.12 loss per share (further deteriorated from CN¥0.047 loss in 3Q 2021). Revenue: CN¥650.0m (down 38% from 3Q 2021). Net loss: CN¥93.2m (loss widened 150% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Second quarter 2022 earnings released: CN¥0.13 loss per share (vs CN¥0.051 profit in 2Q 2021) Second quarter 2022 results: CN¥0.13 loss per share (down from CN¥0.051 profit in 2Q 2021). Revenue: CN¥1.01b (down 25% from 2Q 2021). Net loss: CN¥105.4m (down 357% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
First quarter 2022 earnings released First quarter 2022 results: Revenue: CN¥560.9m (up 3.1% from 1Q 2021). Net loss: CN¥67.3m (loss narrowed 38% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non Executive Director Zhi Wang Song was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: CN¥0.46 loss per share (vs CN¥0.04 profit in FY 2020) Full year 2021 results: CN¥0.46 loss per share (down from CN¥0.04 profit in FY 2020). Revenue: CN¥3.73b (up 24% from FY 2020). Net loss: CN¥368.0m (down CN¥400.2m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 24% share price gain to HK$4.08, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 15x in the Energy Services industry in Hong Kong. Total returns to shareholders of 179% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 19% share price gain to HK$4.69, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 16x in the Energy Services industry in Hong Kong. Total returns to shareholders of 207% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 21% share price decline to HK$4.57, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 13x in the Energy Services industry in Hong Kong. Total returns to shareholders of 260% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 16% share price gain to HK$4.89, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 13x in the Energy Services industry in Hong Kong. Total returns to shareholders of 291% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 18% share price gain to HK$4.19, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 12x in the Energy Services industry in Hong Kong. Total returns to shareholders of 206% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.047 loss per share (vs CN¥0.17 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥1.05b (up 20% from 3Q 2020). Net loss: CN¥37.3m (loss narrowed 73% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$4.81, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 14x in the Energy Services industry in Hong Kong. Total returns to shareholders of 288% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 21% share price gain to HK$5.26, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 14x in the Energy Services industry in Hong Kong. Total returns to shareholders of 321% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.051 (vs CN¥0.044 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.35b (up 65% from 2Q 2020). Net income: CN¥41.1m (up CN¥76.4m from 2Q 2020). Profit margin: 3.0% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Executive Departure • Aug 18
Deputy GM, CFO, Financial Controller, Secretary & Executive DIrector Min Liu has left the company On the 13th of August, Min Liu's tenure as Deputy GM, CFO, Financial Controller, Secretary & Executive DIrector ended. We don't have any record of a personal shareholding under Min's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.71 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2021 earnings released The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥544.1m (up 3.4% from 1Q 2020). Net loss: CN¥109.3m (loss widened 48% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥2.37, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 12x in the Energy Services industry in Hong Kong. Total returns to shareholders of 81% over the past three years. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥0.04 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥3.01b (down 31% from FY 2019). Net income: CN¥32.2m (up CN¥228.5m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 17
New 90-day high: HK$1.04 The company is up 33% from its price of HK$0.78 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 63% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: HK$1.00 The company is up 41% from its price of HK$0.71 on 23 October 2020. The Hong Kong market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 57% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: HK$0.94 The company is up 38% from its price of HK$0.68 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: HK$0.82 The company is up 14% from its price of HK$0.72 on 04 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: HK$0.79 The company is up 4.0% from its price of HK$0.76 on 20 August 2020. The Hong Kong market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Energy Services industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: HK$0.67 The company is down 8.0% from its price of HK$0.73 on 07 July 2020. The Hong Kong market is also down 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Energy Services industry, which is down 22% over the same period. 
