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Shandong Molong Petroleum Machinery
(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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.58B | 1.36B | 1.32B | 2.77B | 3.73B | 3.01B |
| Gross Profit | 117.13M | 33.11M | 101.78M | 52.94M | 172.34M | 107.28M |
| EBITDA | 101.51M | 13.37M | 2.15M | -50.98M | 1.63M | 101.07M |
| Net Income | -104.29M | -43.70M | -566.86M | -424.97M | -368.42M | 32.18M |
Balance Sheet | ||||||
| Total Assets | 2.76B | 2.42B | 2.89B | 4.04B | 4.46B | 5.18B |
| Cash, Cash Equivalents and Short-Term Investments | 253.58M | 89.14M | 102.37M | 462.69M | 475.19M | 759.98M |
| Total Debt | 1.57B | 1.46B | 1.65B | 2.12B | 2.10B | 2.31B |
| Total Liabilities | 2.22B | 1.93B | 2.55B | 3.13B | 3.10B | 3.37B |
| Stockholders Equity | 544.19M | 492.27M | 424.01M | 987.96M | 1.41B | 1.78B |
Cash Flow | ||||||
| Free Cash Flow | 130.39M | 43.58M | 129.31M | -19.98M | -16.18M | 161.49M |
| Operating Cash Flow | 216.17M | 43.87M | 134.99M | -11.51M | 35.79M | 206.90M |
| Investing Cash Flow | 74.08M | 243.90M | -2.78M | -8.47M | 89.53M | 314.28M |
| Financing Cash Flow | -157.09M | -296.96M | -405.11M | ― | -409.49M | -306.14M |
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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$2.25B | 6.79 | 8.78% | 3.59% | 10.16% | 49.48% | |
66 Neutral | HK$1.13B | 16.46 | 2.87% | 2.83% | -59.96% | -83.53% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | HK$112.23M | -3.85 | -16.54% | ― | -36.59% | 48.63% | |
48 Neutral | HK$11.96B | -487.12 | -1.68% | ― | 4.66% | -432.65% | |
43 Neutral | HK$344.82M | -7.42 | -10.68% | ― | 0.97% | 33.70% | |
42 Neutral | HK$5.57B | -26.01 | -20.65% | ― | 17.21% | 59.09% |
Shandong Molong Petroleum Machinery Corporate Events
Shandong Molong Petroleum Machinery has secured strong shareholder backing to update its governance framework, with investors at its second extraordinary general meeting of 2025 overwhelmingly approving amendments to the company’s articles of association and procedural rules for shareholders’ meetings and board meetings. The resolutions, which also received the required majorities at separate A share and H share class meetings held the same day in Shouguang, Shandong, are expected to refine the company’s decision-making processes and align its corporate governance structure more closely with regulatory requirements and market expectations, potentially strengthening oversight and stakeholder confidence.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery has called an extraordinary general meeting for 2:00 p.m. on 23 January 2026 in Shouguang, Shandong, to seek shareholder approval for a proposed debt settlement and debt restructuring plan. The meeting arrangements include a share register closure from 20 to 23 January 2026 to determine eligibility to attend and vote, proxy voting procedures for shareholders unable to attend in person, and separate announcements for A-share holders, signalling that the company is formally moving ahead with measures to address its debt obligations and potentially reshape its capital structure.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery has issued a comprehensive set of rules governing the conduct of its shareholders’ meetings, formalizing procedures to align strictly with China’s Company Law, Securities Law, Shenzhen Stock Exchange listing rules, and its Articles of Association. The new rules clarify the rights of shareholders and their proxies to be informed, speak, question and vote, require the board of directors to diligently organize meetings, and mandate the engagement of an independent lawyer to opine on the legality of meeting procedures, qualifications of attendees, and voting results. They also reaffirm the shareholders’ meeting as the company’s highest decision-making body, detailing its authority over key matters such as electing and remunerating directors, approving reports and profit distribution plans, altering registered capital, issuing bonds, major asset transactions, amendments to the Articles, appointment and dismissal of auditors, guarantees, use of raised funds, and equity incentive and employee stock ownership plans, thereby strengthening governance transparency and safeguarding shareholder interests.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has adopted updated Rules of Procedure for its Board of Directors to standardise deliberation and decision-making, enhance directors’ performance of their duties, and improve the board’s governance in line with China’s Company Law, Securities Law, Shenzhen Stock Exchange listing rules and the company’s Articles of Association. The rules define a nine-member board structure, including a chairman, vice chairman and an employee representative director, set out director qualification and disqualification criteria, empower the nomination committee to review and recommend the removal of unqualified directors, and clarify election, tenure and continuity arrangements, thereby tightening corporate governance and reinforcing compliance obligations for both management and employee representatives.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery has received a RMB20 million cash government subsidy classified as income-related under Chinese accounting standards, rather than as an asset-related grant. The subsidy is equivalent to 45.77% of the company’s audited net profit attributable to shareholders for 2024 and is expected to boost total profit for the year ending 31 December 2025 by the full RMB20 million, although the figures remain unaudited pending confirmation by the company’s external accounting firm, and investors are urged to exercise caution when trading the shares.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced that, effective 31 December 2025, its principal place of business in mainland China has been relocated within Shouguang City, Shandong Province, from its previous offices in Building 19, Enterprises Headquarters Group, Shengcheng Street to a new address at No. 999 Wensheng Street. The move consolidates the company’s main office functions at the new location, with updated contact details including postal code 262700 and revised telephone and fax numbers, signalling an administrative shift that may streamline its operations and stakeholder communications without indicating any change in corporate structure or board composition.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery has entered into a debt settlement agreement with Shouguang Huarong Agricultural Technology and Shandong Shouguang Vegetable Wholesale Market under which the Vegetable Wholesale Company will settle RMB 361 million of Huarong Agricultural’s debt to Shandong Molong via the transfer of a parcel of land to the company. This settlement, which follows earlier agreements for the sale of 100% equity in Shouguang Maolong and the repayment of sizeable accounts receivable by Huarong Agricultural, constitutes a disclosable transaction under Hong Kong Listing Rules, signaling a continued effort by Shandong Molong to restructure receivables, improve balance sheet quality and convert financial claims into tangible assets, with implications for its asset mix and risk profile.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced the convening of its second extraordinary general meeting in 2025, scheduled for December 31st. The meeting will address several special resolutions, including proposed amendments to the company’s articles of association and procedural rules for shareholder and board meetings, reflecting a strategic move to potentially enhance governance and operational efficiency.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced the convening of its first H Shares class meeting in 2025, scheduled for December 31, 2025, in Shouguang City, Shandong Province, China. The meeting will address special resolutions concerning proposed amendments to the company’s articles of association and the rules of procedure for shareholders’ meetings, potentially impacting the company’s governance and operational framework.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced an investment of up to RMB 170 million in the development of a High-End Petroleum Pipes Intelligent Processing Line Project. This initiative aims to improve operational efficiency, expand production capabilities, and strengthen the company’s market position. The project, located within the Shandong Molong Science and Technology Park, will develop two intelligent processing lines for oil tubing and casing, alongside ancillary equipment. While the project is expected to enhance the company’s supply capacity and reduce production costs, it is subject to approval procedures and potential risks related to implementation and market conditions.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced proposed amendments to its Articles of Association and related procedural rules to enhance corporate governance and protect minority investors’ rights. These changes, which align with updated corporate governance guidelines, are subject to shareholder approval at upcoming meetings, indicating a strategic move to strengthen the company’s governance framework.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The company has also detailed the membership of its four board committees: Audit, Nomination, Remuneration, and Strategy. This announcement is significant for stakeholders as it outlines the leadership structure responsible for guiding the company’s strategic decisions and governance.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has released its updated rules of procedure for shareholders’ meetings, emphasizing the safeguarding of shareholders’ rights and the adherence to legal and regulatory standards. The announcement outlines the powers and responsibilities of the shareholders’ meeting, which include electing directors, approving financial plans, and making decisions on major corporate actions. This move is aimed at ensuring transparency and legal compliance in the company’s operations, potentially strengthening its governance and stakeholder confidence.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced new rules of procedure for its Board of Directors. These rules aim to standardize decision-making processes and improve operational efficiency in accordance with Chinese laws and regulations. This move is expected to enhance the company’s governance structure and ensure compliance with legal standards, potentially strengthening its market position and stakeholder confidence.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited held an Extraordinary General Meeting (EGM) on November 3, 2025, where shareholders approved significant changes to the company’s corporate governance structure. The resolution to amend the Articles of Association and its annexes was passed with overwhelming support, reflecting a strategic shift in the company’s operational framework. This decision is expected to streamline governance and potentially enhance the company’s market positioning, impacting stakeholders positively.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Co., Ltd. has conducted a comprehensive assessment of its assets as of September 30, 2025, to accurately reflect its financial condition and asset value. The company reversed asset impairment provisions amounting to RMB 4,723,528.42 after impairment testing, primarily due to the recovery of outstanding accounts receivable from customers aged over five years. This adjustment is expected to positively impact the company’s financial statements for the first three quarters of 2025, showcasing improved asset management and financial health.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has released its unaudited third quarterly report for 2025, highlighting a slight decrease in operating income by 0.81% compared to the same period last year, totaling RMB 397,246,057.55. Despite this, the company saw a significant improvement in net profits attributable to shareholders, with a 93.57% increase, though the net profits after deducting non-recurring items showed a substantial decline of 96.79%. The company also reported a notable increase in net cash flow from operating activities by 328.79%, indicating improved operational efficiency. Total assets grew by 4.36%, and shareholders’ equity rose by 1.14%, reflecting a stable financial position.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has observed an unusual increase in the closing prices of its A shares, deviating by more than 20% over two consecutive trading days. The company has confirmed that there are no undisclosed material events or changes in its operations that could explain this price movement. The board of directors assures that all relevant information has been disclosed and advises investors to exercise caution due to potential investment risks.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has reported an unusual movement in its A shares, with a decrease of over 20% in closing prices over three consecutive trading days. The company has conducted a thorough investigation and found no undisclosed material information or changes in its operations that would affect stock prices. The board confirms there are no undisclosed events that need to be reported, and advises investors to exercise caution due to potential investment risks.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced an extraordinary general meeting (EGM) scheduled for November 3, 2025, to discuss and potentially approve adjustments to its corporate governance structure and amendments to its articles of association. This meeting signifies a strategic move to enhance corporate governance, which could impact the company’s operational efficiency and stakeholder relations.
The most recent analyst rating on (HK:0568) stock is a Sell with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced proposed amendments to its Articles of Association and the abolition of its Supervisory Committee. These changes aim to optimize the company’s governance structure in compliance with relevant laws and regulations, including the revised Company Law of the People’s Republic of China. The duties of the Supervisory Committee will be transferred to the audit committee of the board of directors, subject to shareholder approval at an extraordinary general meeting. This restructuring is expected to streamline operations and enhance the company’s governance framework.
The most recent analyst rating on (HK:0568) stock is a Sell with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
Shandong Molong Petroleum Machinery Company Limited has announced that its board of directors will meet on October 28, 2025, to review and approve the unaudited third-quarter results for the nine months ending September 30, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor confidence.
The most recent analyst rating on (HK:0568) stock is a Sell with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.