China Oil & Gas Group Ltd. (HK:0603)
:0603
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China Oil & Gas Group
(0603)
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Rating:49Neutral
Price Target:
HK$0.17
▲(20.00% Upside)
Action:DowngradedDate:04/21/26
The score is held back primarily by thin/volatile profitability and high leverage (financial risk), reinforced by bearish technical signals (price below major moving averages with negative MACD). A moderate P/E provides some offset, and free cash flow consistency is a supportive factor but not enough to overcome margin and balance-sheet concerns.
Positive Factors
Revenue Growth
Sustained top-line expansion (+23.2% in 2025) indicates strengthening demand or improved commercial execution in core downstream oil and gas activities. Durable revenue growth provides scale benefits, supports operating leverage and funds reinvestment over the next several quarters.
Negative Factors
High Leverage
Leverage near 2.33x materially increases financial risk and reduces flexibility. Over a multi-month horizon high debt raises refinancing and interest-service vulnerability, making earnings and cash flow more sensitive to cyclical refining margins and reducing room for strategic investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion (+23.2% in 2025) indicates strengthening demand or improved commercial execution in core downstream oil and gas activities. Durable revenue growth provides scale benefits, supports operating leverage and funds reinvestment over the next several quarters.
Read all positive factors
China Oil & Gas Group (0603) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$803.20M
Dividend YieldN/A
Average Volume (3M)3.80M
Price to Earnings (P/E)10.1
Beta (1Y)0.19
Revenue Growth-14.14%
EPS Growth-59.17%
CountryHK
Employees4,814
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-0.03
Shares Outstanding5,636,803,700
10 Day Avg. Volume1,280,824
30 Day Avg. Volume3,797,715
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.20
Price to Sales (P/S)0.05
P/FCF Ratio1.07
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
China Oil & Gas Group Business Overview & Revenue Model
Company Description
China Oil And Gas Group Limited, an investment holding company, primarily invests in natural gas and energy related businesses in the People's Republic of China and Canada. The company operates through four segments: Sales and Distribution of Natu...
How the Company Makes Money
null...
China Oil & Gas Group Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
41
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.16B | 17.66B | 18.53B | 17.30B | 14.34B |
| Gross Profit | 2.06B | 2.18B | 1.97B | 2.24B | 2.13B |
| EBITDA | 2.03B | 2.20B | 1.84B | 2.74B | 2.92B |
| Net Income | 80.72M | 180.77M | -232.50M | 730.14M | 904.18M |
Balance Sheet | |||||
| Total Assets | 22.07B | 20.70B | 20.84B | 22.95B | 22.65B |
| Cash, Cash Equivalents and Short-Term Investments | 5.07B | 4.35B | 3.25B | 3.95B | 3.77B |
| Total Debt | 9.36B | 8.58B | 7.81B | 8.45B | 8.79B |
| Total Liabilities | 14.31B | 13.48B | 13.28B | 13.97B | 13.83B |
| Stockholders Equity | 4.02B | 3.66B | 3.82B | 4.22B | 4.79B |
Cash Flow | |||||
| Free Cash Flow | 764.17M | 1.24B | 682.87M | 1.26B | 324.29M |
| Operating Cash Flow | 1.46B | 1.98B | 1.63B | 2.76B | 1.92B |
| Investing Cash Flow | -1.47B | -1.38B | -1.40B | -994.19M | -2.84B |
| Financing Cash Flow | -486.29M | -53.18M | -1.41B | -1.01B | 685.36M |
China Oil & Gas Group Technical Analysis
Negative
0.14
Price Trends
0.20
Negative
0.19
Negative
0.17
Negative
Market Momentum
-0.01
Positive
40.48
Neutral
4.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0603, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.20, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.48 is Neutral, neither overbought nor oversold. The STOCH value of 4.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0603.
China Oil & Gas Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$64.85B | 11.10 | 7.88% | 4.58% | 3.72% | -10.43% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | HK$142.51M | -1.89 | -22.12% | ― | -29.86% | -791.02% | |
49 Neutral | HK$803.20M | 10.11 | 4.05% | ― | -14.14% | -59.17% | |
43 Neutral | HK$1.96B | -2.41 | 153.66% | ― | -14.95% | -932.70% | |
42 Neutral | HK$111.28M | -0.26 | 167.07% | ― | -76.52% | -630.18% |
* Energy Sector Average
HK:0603
China Oil & Gas Group
0.17
0.03
20.57%
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China Oil & Gas Group Corporate Events
China Oil and Gas Group Clarifies Share Register Closure for 2026 AGM
Apr 17, 2026
China Oil and Gas Group Limited has clarified the book closure period for its register of members in relation to the 2026 annual general meeting, correcting information originally stated in its 2025 annual report. The register will be closed from ...
China Oil and Gas Group Sets 2026 AGM, Seeks Fresh Share-Issuance Mandate
Apr 15, 2026
China Oil and Gas Group Limited has called its annual general meeting for 15 May 2026 in Zhuhai, Guangdong, where shareholders will review the audited financial statements and the directors’ and auditor’s reports for the year ended 31 ...
China Oil and Gas Group Posts Lower 2025 Profit Amid Revenue Decline and Asset Impairments
Mar 27, 2026
China Oil and Gas Group Limited reported audited consolidated results for the year ended 31 December 2025, showing revenue of HK$15.16 billion, down from HK$17.66 billion a year earlier, while gross profit slipped modestly to HK$2.06 billion. The ...
China Oil and Gas Group Sets March Board Meeting on 2025 Results and Dividend Plan
Mar 17, 2026
China Oil and Gas Group has scheduled a board meeting for 27 March 2026 to review and approve the audited annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decision ...
China Oil and Gas Group Completes Cash Settlement for 4.7% Senior Notes Due 2026
Feb 5, 2026
China Oil and Gas Group Limited has announced the settlement of its cash offer to purchase its outstanding 4.7% senior notes due 2026, identified by ISIN XS2328392951 and Common Code 232839295. The announcement, released as an overseas regulatory ...
China Oil & Gas Reports Results of 4.7% Note Tender Offer
Feb 4, 2026
China Oil Gas Group disclosed the outcome of its cash tender for the outstanding 4.7% senior notes due 2026, reiterating that the move complies with Hong Kong regulatory requirements and is not an invitation to acquire securities. The company emp...
China Oil & Gas Group Issues US$300 Million 7.0% Senior Notes Due 2029
Jan 27, 2026
China Oil Gas Group has priced a US$300 million issuance of 7.0% senior notes due 2029, with the company and certain subsidiary guarantors signing a purchase agreement with HSBC, Morgan Stanley and UBS as joint global coordinators, joint bookrunn...
China Oil and Gas Group Launches USD Senior Notes Offering and Concurrent Tender for Existing Debt
Jan 27, 2026
China Oil and Gas Group Limited has confirmed that it is proceeding with an international offering of US dollar-denominated senior notes, with the proceeds earmarked to fund a concurrent offer to purchase its existing notes and for general corpora...
China Oil and Gas Group Issues Overseas Regulatory Notice Emphasising No Securities Offer
Jan 22, 2026
China Oil and Gas Group Limited has issued an overseas regulatory announcement to Hong Kong investors, reproducing an earlier notice posted on the Singapore Exchange to ensure equal dissemination of information in line with Hong Kong listing requi...
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.