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An update from SPT Energy Group ( (HK:1251) ) is now available.
SPT Energy Group Inc. has entered into another finance lease arrangement through its indirect subsidiary Sinopetroleum Technology Inc., under which oil and gas drilling equipment in Xinjiang with a net book value of about RMB11.71 million was sold to Zhongguancun Science-Tech for RMB11.5 million and leased back for 36 months, with total lease payments of approximately RMB12.79 million. When aggregated with three prior finance lease deals signed between May and December 2025, the series of transactions crosses the 5% threshold under Hong Kong listing rules and is therefore classified as discloseable, underlining the group’s continued use of asset-based financing to support its oilfield equipment operations while remaining within mid-range disclosure thresholds for its size.
The most recent analyst rating on (HK:1251) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on SPT Energy Group stock, see the HK:1251 Stock Forecast page.
More about SPT Energy Group
SPT Energy Group Inc. is an integrated oilfield services provider incorporated in the Cayman Islands and listed in Hong Kong, serving China’s petroleum sector through subsidiaries such as Sinopetroleum Technology Inc. and Petrotech (Xinjiang) Engineering Co., Ltd., with a focus on oil and gas engineering, drilling and related technical services and equipment support.
YTD Price Performance: 49.60%
Average Trading Volume: 1,775,128
Technical Sentiment Signal: Sell
Current Market Cap: HK$365.4M
For an in-depth examination of 1251 stock, go to TipRanks’ Overview page.