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An update from Yuan Heng Gas Holdings Ltd ( (HK:0332) ) is now available.
Yuan Heng Gas Holdings disclosed substantial asset impairments for the year ended 31 March 2025, largely tied to a long-standing LNG supplier that defaulted on contracts. The group booked an impairment of RMB1.34 billion on prepayments for shipload LNG after the supplier, a sizable gas/oil-fired power plant in the Greater Bay Area, failed to fulfill orders and was assessed with a 100% probability of default and high loss severity.
The company also recognized RMB496.77 million of impairment losses on trade receivables for FY2025, mainly relating to four major customers, including the same defaulting supplier. A further RMB424.54 million of receivable impairments were reclassified as corrections of prior-year accounting errors, signaling tighter application of expected credit loss models and highlighting elevated counterparty and credit risk in its LNG trading operations.
The most recent analyst rating on (HK:0332) stock is a Hold with a HK$0.02 price target. To see the full list of analyst forecasts on Yuan Heng Gas Holdings Ltd stock, see the HK:0332 Stock Forecast page.
More about Yuan Heng Gas Holdings Ltd
Yuan Heng Gas Holdings Ltd is a Bermuda-incorporated energy company listed in Hong Kong that operates in the natural gas sector. The group focuses on liquefied natural gas (LNG) trading and related downstream activities, supplying LNG to industrial customers and power plants, particularly in China’s Greater Bay Area market.
Average Trading Volume: 19,760,772
Technical Sentiment Signal: Sell
Current Market Cap: HK$130.9M
For detailed information about 0332 stock, go to TipRanks’ Stock Analysis page.