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Shandong Molong Petroleum Machinery
(OTC:0568)
Shandong Molong Petroleum Machinery (0568) vs. iShares MSCI Hong Kong ETF (EWH)
Shandong Molong Petroleum Machinery Business Overview & Revenue Model
Shandong Molong Petroleum Machinery Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.36B | 1.32B | 2.77B | 3.73B | 3.01B | Gross Profit |
| 33.11M | 101.78M | 90.43M | 219.98M | 107.28M | EBIT |
| -48.28M | ― | ― | ― | ― | EBITDA |
| 13.37M | 2.15M | ― | 1.63M | 55.01M | Net Income Common Stockholders |
| -43.70M | ― | ― | ― | 11.46M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 89.14M | 102.37M | 459.66M | 475.19M | 759.98M | Total Assets |
| 2.42B | 2.89B | 4.04B | 4.46B | 5.18B | Total Debt |
| 1.46B | 1.65B | 2.05B | 2.06B | 2.31B | Net Debt |
| 1.37B | 1.55B | 1.59B | 1.59B | 1.55B | Total Liabilities |
| 1.93B | 2.55B | 3.13B | 3.10B | 3.37B | Stockholders Equity |
| 492.27M | 424.01M | 987.96M | 1.41B | 1.78B |
| Cash Flow | Free Cash Flow | |||
| 43.58M | 129.31M | ― | ― | 161.49M | Operating Cash Flow |
| 43.87M | 134.99M | ― | 35.79M | 206.90M | Investing Cash Flow |
| 243.90M | -2.78M | ― | 89.53M | 314.28M | Financing Cash Flow |
| -296.96M | ― | ― | ― | ― |
Shandong Molong Petroleum Machinery Technical Analysis
Shandong Molong Petroleum Machinery Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | €902.08B | 5.88 | 19.25% | 7.21% | 5.62% | -0.74% | |
80 Outperform | $818.57B | 10.97 | 12.78% | 7.25% | -7.73% | -6.97% | |
73 Outperform | $1.72T | 8.02 | 7.00% | -7.86% | -0.39% | ||
69 Neutral | $116.74B | 5.51 | 22.05% | 7.21% | 2.87% | ― | |
67 Neutral | HK$1.86B | 31.03 | 2.39% | 9.21% | 10.83% | 41.96% | |
58 Neutral | $7.57B | 3.50 | -4.45% | 10.15% | 0.79% | -49.51% | |
53 Neutral | $2.93B | ― | -45.09% | ― | 30.81% | 2.97% |
Shandong Molong Petroleum Machinery Corporate Events
Shandong Molong Petroleum Machinery announced the cancellation of risk warnings on its A shares, effective from May 6, 2025, following a one-day suspension of trading on April 30, 2025. The company’s stock abbreviation will change from ‘ST Molong’ to ‘Shandong Molong’, and the daily limit on stock price fluctuations will increase from 5% to 10%. This move follows the company’s improved financial position, as confirmed by an audit report indicating the elimination of uncertainties regarding its ability to continue as a going concern.
Shandong Molong Petroleum Machinery Company Limited reported a significant increase in operating revenue for the first quarter of 2025, with a 50.51% rise compared to the same period last year. However, the company experienced a substantial decline in net profit attributable to shareholders, dropping by 97.50%. Despite the decrease in net profit, the company saw a remarkable improvement in net cash flows from operating activities, which surged by 14,399.50%. This financial performance indicates a mixed impact on the company’s operations, with increased revenue but challenges in profitability, potentially affecting its market positioning and stakeholder confidence.
Shandong Molong Petroleum Machinery Company Limited has received a warning letter from the Shandong Securities Regulatory Bureau due to inaccuracies in its 2024 annual results estimation, which initially projected a profit but was later revised to a significant loss. The company is taking steps to address the issues highlighted in the warning letter, ensuring compliance with regulatory requirements and safeguarding shareholder interests, although the warning does not impact its normal operations.
Shandong Molong Petroleum Machinery Company Limited has announced that its board of directors will hold a meeting on April 28, 2025, to review and approve the unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and operational progress, which could impact its market position and stakeholder confidence.
Shandong Molong Petroleum Machinery Company Limited experienced unusual price movements in its A-shares, with a deviation of more than 12% over three consecutive trading days. The company has verified that there is no undisclosed material information affecting its stock prices, and no significant changes in its operations or environment. The company’s board assures that there are no corrections needed for previously disclosed information, and an application has been made to cancel other risk warnings, pending approval from the Shenzhen Stock Exchange.
Shandong Molong Petroleum Machinery Company Limited reported its annual results for the year ending December 31, 2024, showing a total revenue increase of 2.95% to RMB1,356,346,670.03. Despite the revenue growth, the company reported a loss attributable to equity owners of RMB43,699,833.39, a significant decrease of 92.29% compared to the previous year. The loss per share increased by 92.96% to RMB0.05. The board has decided not to recommend the payment of a final dividend for the year. The financial results have been reviewed by the audit committee and agreed upon by the external auditors.
Shandong Molong Petroleum Machinery Company Limited has applied to the Shenzhen Stock Exchange for the cancellation of risk warnings on its A shares, following an audit by Grant Thornton which issued a standard unqualified audit report for 2024. The company has made significant efforts to improve its financial standing, including divesting subsidiaries and addressing business disputes, which has led to the elimination of uncertainties regarding its ability to continue as a going concern. The company’s shares will continue to trade normally during the review process, and investors are advised to remain aware of investment risks.
Shandong Molong Petroleum Machinery Company Limited announced a provision for asset impairment for 2024, amounting to RMB 108.4738 million. This provision includes impairment losses on fixed and intangible assets, accounts receivable, and inventories, reflecting the company’s effort to accurately represent its financial status as of December 31, 2024. The announcement indicates a strategic move to address potential financial risks and ensure transparency in financial reporting, which may impact stakeholders’ perception of the company’s financial health.
Shandong Molong Petroleum Machinery Company Limited has reported an unusual price movement of its A-shares, with a decrease of more than 12% over three consecutive trading days. The company’s board has verified that there are no undisclosed material events or changes in operations that could have affected the stock prices. Additionally, the company revised its 2024 financial results estimation due to the reclassification of a transaction related to the disposal of equity interest, impacting non-recurring gains and losses.
Shandong Molong Petroleum Machinery Company Limited has revised its financial results estimation for the year ending December 31, 2024. Initially, the company anticipated a net profit ranging from RMB 47 million to RMB 60 million, marking a turnaround from a previous loss. However, following the disposal of its equity interest in Shouguang Maolong New Material Technology Development Co., Ltd., and subsequent accounting adjustments, the company now estimates a net loss between RMB 35 million and RMB 45 million. This revision is attributed to the reclassification of investment gains as capital reserves, impacting non-recurring gains and losses, and resulting in an overestimation of net profit.
Shandong Molong Petroleum Machinery Company Limited has announced a board meeting scheduled for March 28, 2025, to discuss and approve the company’s final results for the year ended December 31, 2024. The meeting will also consider the payment of a dividend and address other matters, potentially impacting the company’s financial strategies and shareholder returns.
Shandong Molong Petroleum Machinery Company Limited has received court acceptance for the liquidation of its debtor, Shouguang Baolong Petroleum Equipment Co., Ltd., which owes the company RMB 291,937,181.56. Despite the liquidation proceedings, the company maintains that its operations remain normal and unaffected. However, the liquidation process is expected to be complex and lengthy, with an uncertain timeline, and the company is unable to accurately estimate its future impact. Shandong Molong plans to closely monitor the situation, safeguard its interests, and mitigate potential losses.
Shandong Molong Petroleum Machinery has announced a supplemental disclosure regarding its debt assignments, providing detailed valuation information of its land and related constructions. The valuation, executed by Kunxin International Assets Appraisal Group Co., Ltd., was based on market value using various methodologies, including market approach and cost approach. This announcement may impact the company’s financial structuring and offers stakeholders a transparent view of the asset’s assessed value.
Shandong Molong Petroleum Machinery Company announced unusual price movements in its A-shares, which rose by more than 12% over three consecutive trading days. After verification, the company confirmed no undisclosed material information affecting this share price change. Additionally, a recent debt restructuring agreement is expected to positively influence the company’s financial conditions by reducing leasing expenses and production costs, aligning with its long-term business strategy.
Shandong Molong Petroleum Machinery Company announced a series of debt assignment agreements involving the sale of Debt A and Debt B, with respective considerations of RMB 85,119,800 and RMB 84,000,000. These transactions, which are exempt from shareholder approval requirements, aim to improve the company’s financial flexibility and operational efficiency by settling outstanding receivables with Shouguang Baolong Petroleum Equipment Co., Ltd.