Yuan Heng Gas Holdings Ltd (0332) AI Stock Analysis

• Market Cap: HK$111.28M
• Dividend Yield: N/A
• Average Volume (3M): 3.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: -76.52%
• EPS Growth: -630.18%
• Country: HK
• Employees: 283
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -0.02
• Shares Outstanding: 6,545,621,000
• 10 Day Avg. Volume: 3,292,400
• 30 Day Avg. Volume: 3,163,653
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.17
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -21.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: HK$0.02 ▼(-15.00% Downside)

The overall stock score is heavily influenced by the company's poor financial performance, which is the most significant factor. Weak technical indicators and negative valuation metrics further contribute to the low score, indicating potential risks for investors.

Positive Factors

Strategic Partnerships

Partnerships with local governments and stakeholders provide Yuan Heng with stable demand and potential expansion opportunities, reinforcing its market position and revenue stability in the long term.

Extensive Pipeline Network

An extensive pipeline network supports Yuan Heng's ability to efficiently distribute natural gas, ensuring reliable supply and enhancing its competitive advantage in the energy sector.

Market Position in Energy Sector

Yuan Heng's focus on city gas supply and distribution to residential, industrial, and commercial sectors strengthens its market position, offering a diversified customer base and reducing dependency on a single revenue stream.

Negative Factors

Declining Revenue and Profitability

Declining revenue and profitability indicate operational challenges and pressure on cost management, which could impact Yuan Heng's ability to sustain growth and maintain competitive pricing.

Negative Equity

Negative equity suggests potential solvency issues and a weak financial position, limiting Yuan Heng's ability to invest in growth opportunities and manage financial obligations effectively.

Cash Flow Challenges

Negative cash flows highlight liquidity constraints, which could hinder Yuan Heng's operational flexibility and its capacity to fund strategic initiatives or respond to market changes.

Yuan Heng Gas Holdings Ltd Business Overview & Revenue Model

Company Description

Yuan Heng Gas Holdings Limited, an investment holding company, engages in the trading of oil and gas products, and the provision of related consultancy services in the People's Republic of China, Hong Kong, and Singapore. It operates through the Production and Sales of LNG, Oil and Gas Transactions, Piped Gas, and Other Operations segments. The company also processes, produces, distributes, sells, trades in, and transports liquefied natural gas. In addition, it engages in the sale of piped gas; operation and sales of vehicle gas at refueling stations; construction of gas pipeline infrastructure; provision of logistics services; and power distribution and related activities. The company was formerly known as Ngai Lik Industrial Holdings Limited and changed its name to Yuan Heng Gas Holdings Limited in May 2014. Yuan Heng Gas Holdings Limited was incorporated in 1992 and is based in Hong Kong, Hong Kong.

How the Company Makes Money

Yuan Heng Gas Holdings Ltd generates revenue primarily through the sale of liquefied petroleum gas (LPG) to a diverse customer base, including residential users, businesses, and industrial clients. The company benefits from long-term contracts and recurring sales, which provide a steady stream of income. Additionally, revenue is supplemented by installation and maintenance services related to gas systems, which cater to both new and existing customers. The company may also engage in partnerships with other energy providers or distributors to expand its market reach and enhance its service offerings, further contributing to its earnings. Fluctuations in LPG prices and demand dynamics in the energy market also play a significant role in influencing the company's overall financial performance.

Yuan Heng Gas Holdings Ltd Financial Statement Overview

Summary

Yuan Heng Gas Holdings Ltd faces significant financial challenges. Declining revenue and profitability, negative equity, and cash flow issues indicate financial stress and potential operational difficulties.

Income Statement

Yuan Heng Gas Holdings Ltd has experienced declining revenue and profitability. The company reported a significant revenue decrease of 6.38% in the latest year, with negative EBIT and net income margins indicating operational challenges. The gross profit margin has also decreased over time, reflecting pressure on cost management and pricing power.

Balance Sheet

The balance sheet shows a concerning financial structure with negative stockholders' equity, indicating potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, and the return on equity is negative, reflecting poor profitability. The equity ratio is also negative, highlighting a weak financial position.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows. The company has experienced a dramatic decline in free cash flow growth, and the ratios of operating and free cash flow to net income are negative, indicating cash flow issues and potential liquidity constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	807.82M	807.82M	4.97B	1.95B	2.37B	1.77B
Gross Profit	44.04M	44.04M	76.73M	167.07M	227.45M	234.88M
EBITDA	-1.86B	-1.86B	-56.69M	134.40M	273.69M	269.79M
Net Income	-1.92B	-1.92B	-164.91M	27.39M	64.39M	2.36M
Balance Sheet
Total Assets	1.70B	1.70B	3.29B	3.81B	3.43B	3.56B
Cash, Cash Equivalents and Short-Term Investments	10.50M	10.50M	10.69M	78.18M	129.68M	53.87M
Total Debt	1.30B	1.30B	1.37B	1.28B	1.12B	1.21B
Total Liabilities	2.78B	2.78B	1.98B	2.32B	1.92B	2.14B
Stockholders Equity	-1.09B	-1.09B	1.23B	1.39B	1.37B	1.30B
Cash Flow
Free Cash Flow	-19.26M	-8.71M	-413.55M	83.26M	243.62M	32.40M
Operating Cash Flow	-17.26M	-7.44M	-406.39M	116.02M	276.36M	48.04M
Investing Cash Flow	-2.05M	-330.00K	308.51M	-252.71M	-35.61M	468.08M
Financing Cash Flow	14.15M	5.32M	35.86M	86.27M	-163.86M	-500.19M

Yuan Heng Gas Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0332, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.58 is Neutral, neither overbought nor oversold. The STOCH value of 200.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0332.

Yuan Heng Gas Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0603	72 Outperform	HK$741.78M	5.31	4.05%	―	-12.48%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
2337	55 Neutral	HK$636.65M	17.45	7.01%	2.35%	-13.08%	-43.83%
0931	49 Neutral	HK$3.94B	-31.11	-40.82%	―	23.08%	23.40%
2728	45 Neutral	HK$102.47M	-6.67	-25.25%	―	-0.55%	-340.00%
0332	40 Underperform	HK$111.28M	-0.06	―	―	-76.52%	-630.18%

Yuan Heng Gas Holdings Ltd Corporate Events

Yuan Heng Gas Holdings Addresses Auditor’s Disclaimer with Strategic Measures

Yuan Heng Gas Holdings Ltd has received a Disclaimer of Opinion from its auditors for the second consecutive year, citing multiple uncertainties related to going concern. The company has implemented various measures to address these uncertainties, including optimizing operational strategies and negotiating with creditors to prevent enforcement actions. These efforts have begun to show positive results, with a significant reduction in operating losses from its LNG production segment.

Yuan Heng Gas Holdings Reports Interim Loss Amidst Market Challenges

Yuan Heng Gas Holdings Ltd reported its unaudited consolidated interim results for the six months ending September 30, 2025, showing a significant decrease in gross profit compared to the previous year. The company faced a loss of RMB 120,385,000 from continuing operations, indicating financial challenges, which may impact its market positioning and stakeholder confidence.

Yuan Heng Gas Holdings to Review Interim Results and Dividend

Yuan Heng Gas Holdings Ltd has announced that its board of directors will convene a meeting on November 26, 2025, to approve the interim results and determine any interim dividend for the six months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

Yuan Heng Gas Holdings Ltd Secures Shareholder Approval for Key Resolutions at AGM

Yuan Heng Gas Holdings Ltd announced the successful passage of all resolutions at its Annual General Meeting held on September 29, 2025. The resolutions included the adoption of financial statements, re-election of directors, appointment of auditors, and granting of mandates for share issuance and buy-back, reflecting strong shareholder support and potentially enhancing the company’s operational flexibility and market positioning.