Yuan Heng Gas Holdings Ltd (HK:0332)
:0332
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Yuan Heng Gas Holdings Ltd
(0332)
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Rating:46Neutral
Price Target:
HK$0.02
▼(-5.00% Downside)
Action:ReiteratedDate:03/06/26
The score is primarily constrained by weak financial performance, highlighted by negative equity and negative operating/free cash flow. Technicals provide only modest support (price above key averages but subdued momentum), while valuation signals are weakened by a negative P/E and lack of dividend yield data.
Positive Factors
Structural industrial gas demand
Industrial gases serve manufacturing and other industrial users, creating recurring, usage-based revenue tied to production activity. This structurally steady end-market supports long-term demand stability and the potential for multi-year supply relationships that underpin predictable cash flows if operations normalize.
Negative Factors
Negative shareholders' equity
Negative shareholders' equity reflects accumulated losses and a weakened capital base, signaling solvency risk. This persistent capital shortfall constrains access to traditional financing, increases refinancing risk, and can force dilutive recapitalizations or asset disposals, undermining long-term strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural industrial gas demand
Industrial gases serve manufacturing and other industrial users, creating recurring, usage-based revenue tied to production activity. This structurally steady end-market supports long-term demand stability and the potential for multi-year supply relationships that underpin predictable cash flows if operations normalize.
Read all positive factors
Yuan Heng Gas Holdings Ltd (0332) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$124.37M
Dividend YieldN/A
Average Volume (3M)3.16M
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth-76.52%
EPS Growth-630.18%
CountryHK
Employees283
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-0.02
Shares Outstanding6,545,621,000
10 Day Avg. Volume3,292,400
30 Day Avg. Volume3,163,653
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 P...
How the Company Makes Money
The company makes money mainly by producing industrial gases and selling them to customers, generating revenue from (1) direct sales of gas products supplied to industrial users and (2) charges related to the supply and distribution of these gases...
Yuan Heng Gas Holdings Ltd Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
25
Negative
Cash Flow
20
Very Negative
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 807.82M | 4.97B | 1.95B | 2.37B | 1.77B |
| Gross Profit | 44.04M | 76.73M | 167.07M | 227.45M | 234.88M |
| EBITDA | -1.86B | -56.69M | 134.40M | 273.69M | 269.79M |
| Net Income | -1.92B | -164.91M | 27.39M | 64.39M | 2.36M |
Balance Sheet | |||||
| Total Assets | 1.70B | 3.29B | 3.81B | 3.43B | 3.56B |
| Cash, Cash Equivalents and Short-Term Investments | 10.50M | 10.69M | 78.18M | 129.68M | 53.87M |
| Total Debt | 1.30B | 1.37B | 1.28B | 1.12B | 1.21B |
| Total Liabilities | 2.78B | 1.98B | 2.32B | 1.92B | 2.14B |
| Stockholders Equity | -1.09B | 1.23B | 1.39B | 1.37B | 1.30B |
Cash Flow | |||||
| Free Cash Flow | -8.71M | -413.55M | 83.26M | 243.62M | 32.40M |
| Operating Cash Flow | -7.44M | -406.39M | 116.02M | 276.36M | 48.04M |
| Investing Cash Flow | -330.00K | 308.51M | -252.71M | -35.61M | 468.08M |
| Financing Cash Flow | 5.32M | 35.86M | 86.27M | -163.86M | -500.19M |
Yuan Heng Gas Holdings Ltd Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
44.46
Neutral
111.11
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 Positive momentum. The RSI at 44.46 is Neutral, neither overbought nor oversold. The STOCH value of 111.11 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$940.22M | 10.11 | 4.05% | ― | -12.48% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | HK$531.79M | -20.66 | 6.71% | 2.35% | -13.08% | -43.83% | |
46 Neutral | HK$124.37M | -0.26 | 167.07% | ― | -76.52% | -630.18% | |
43 Neutral | HK$106.92M | -6.03 | -26.94% | ― | -0.55% | -340.00% | |
41 Neutral | HK$2.90B | -10.83 | -45.94% | ― | 23.08% | 23.40% |
* Energy Sector Average
HK:0332
Yuan Heng Gas Holdings Ltd
0.02
<0.01
11.76%
HK:0931
China LNG Group
0.39
0.18
86.60%
HK:0603
China Oil & Gas Group
0.20
0.06
42.14%
HK:0852
Strong Petrochemical Holdings Limited
0.17
0.00
0.00%
HK:2337
United Strength Power Holdings Ltd.
1.42
-0.08
-5.33%
HK:2728
Jintai Energy Holdings Limited
0.02
>-0.01
-4.00%
Yuan Heng Gas Holdings Ltd Corporate Events
Yuan Heng Gas Outlines Board and Committee Structure
Mar 25, 2026
Yuan Heng Gas Holdings Ltd has disclosed the current composition of its board, confirming Wang Jianqing as chairman and chief executive officer alongside executive director Bao Jun, and three independent non-executive directors, Leung Hoi Ming, Wo...
Yuan Heng Gas Books Heavy Impairments After Key LNG Supplier Defaults
Mar 18, 2026
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 shiploa...
Yuan Heng Gas Faces Second Audit Disclaimer Amid Ongoing Debt and Turnaround Efforts
Feb 27, 2026
Yuan Heng Gas Holdings has disclosed that its auditors have issued a second consecutive disclaimer of opinion on the Group’s consolidated financial statements for the year ended 31 March 2025, citing multiple uncertainties related to going c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.