China Oil & Gas Group Ltd. (HK:0603)
:0603
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China Oil & Gas Group
(0603)
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Rating:72Outperform
Price Target:
HK$0.18
▲(29.29% Upside)
Action:ReiteratedDate:11/22/25
The stock's overall score is driven by a strong valuation, indicating it is undervalued, and positive technical indicators suggesting upward momentum. Financial performance shows recovery in profitability but raises concerns due to erratic cash flows.
Positive Factors
Business model diversification
Operating across upstream and downstream activities plus trading and service contracts creates multiple, complementary cash-flow streams. This diversification reduces reliance on a single segment or price cycle, improving resilience and funding flexibility over the next several quarters.
Negative Factors
Erratic operating cash flow
Operating cash flow falling to zero signals weak cash generation despite reported profits. This undermines the company's ability to fund capex, service debt, or build liquidity internally, raising the likelihood of external financing and constraining strategic flexibility over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
Operating across upstream and downstream activities plus trading and service contracts creates multiple, complementary cash-flow streams. This diversification reduces reliance on a single segment or price cycle, improving resilience and funding flexibility over the next several quarters.
Read all positive factors
China Oil & Gas Group (0603) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$940.22M
Dividend YieldN/A
Average Volume (3M)3.80M
Price to Earnings (P/E)10.1
Beta (1Y)0.21
Revenue Growth-12.48%
EPS GrowthN/A
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-0.03
Price to Book (P/B)0.25
Price to Sales (P/S)0.05
P/FCF Ratio0.73
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
China Oil & Gas Group generates revenue through multiple streams primarily centered around its oil and gas operations. The company earns income from the exploration and production of crude oil and natural gas, selling these resources to various ma...
China Oil & Gas Group Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.31B | 17.66B | 18.53B | 17.30B | 14.34B | 10.43B |
| Gross Profit | 1.54B | 2.18B | 1.97B | 2.24B | 2.13B | 1.65B |
| EBITDA | 1.38B | 2.20B | 1.84B | 2.74B | 2.92B | 1.39B |
| Net Income | 37.25M | 180.77M | -232.50M | 730.14M | 904.18M | 28.76M |
Balance Sheet | ||||||
| Total Assets | 20.50B | 20.70B | 20.84B | 22.95B | 22.65B | 19.27B |
| Cash, Cash Equivalents and Short-Term Investments | 3.80B | 4.35B | 3.25B | 3.95B | 3.77B | 3.76B |
| Total Debt | 8.54B | 8.58B | 7.81B | 8.45B | 8.79B | 7.83B |
| Total Liabilities | 12.85B | 13.48B | 13.28B | 13.97B | 13.83B | 11.92B |
| Stockholders Equity | 4.17B | 3.66B | 3.82B | 4.22B | 4.79B | 3.78B |
Cash Flow | ||||||
| Free Cash Flow | 303.42M | 1.24B | 682.87M | 1.26B | 324.29M | 598.14M |
| Operating Cash Flow | 669.00M | 1.98B | 1.63B | 2.76B | 1.92B | 1.62B |
| Investing Cash Flow | -724.80M | -1.38B | -1.40B | -994.19M | -2.84B | -1.89B |
| Financing Cash Flow | 99.17M | -53.18M | -1.41B | -1.01B | 685.36M | 528.08M |
China Oil & Gas Group Technical Analysis
Neutral
0.14
Price Trends
0.20
Negative
0.19
Positive
0.17
Positive
Market Momentum
>-0.01
Positive
46.47
Neutral
7.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0603, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.20, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.47 is Neutral, neither overbought nor oversold. The STOCH value of 7.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$940.22M | 10.11 | 4.05% | ― | -12.48% | ― | |
71 Outperform | HK$62.86B | 11.10 | 7.88% | 4.58% | 4.37% | 0.58% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | HK$185.46M | -5.13 | -22.12% | ― | -29.86% | -791.02% | |
46 Neutral | HK$124.37M | -0.26 | 167.07% | ― | -76.52% | -630.18% | |
40 Underperform | HK$1.28B | -2.41 | 153.66% | ― | -14.95% | -932.70% |
* Energy Sector Average
HK:0603
China Oil & Gas Group
0.20
0.06
42.14%
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KUNLUN ENERGY
7.26
0.24
3.40%
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Strong Petrochemical Holdings Limited
0.17
0.00
0.00%
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E&P Global Holdings Limited
0.10
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Yuan Heng Gas Holdings Ltd
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<0.01
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China CBM Group Co. Ltd.
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0.19
63.79%
China Oil & Gas Group Corporate Events
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...
China Oil & Gas Group Plans International Offering of USD Senior Notes
Jan 19, 2026
China Oil Gas Group plans to launch an international offering of U.S. dollar-denominated senior notes, with pricing, size, and interest rate to be set via a bookbuilding process led by HSBC, Morgan Stanley and UBS as joint global coordinators, bo...
China Oil and Gas Group Publishes Overseas Notice on Cash Tender Offer for Notes
Jan 19, 2026
China Oil and Gas Group Limited has issued an overseas regulatory announcement in Hong Kong to mirror a notice posted on the Singapore Exchange, concerning its cash tender offer for certain notes, thereby ensuring equal access to information for i...
China Oil and Gas Group Cuts Outstanding 2026 Notes with US$39 Million Buyback
Jan 8, 2026
China Oil and Gas Group Limited has repurchased US$39 million in principal amount of its 4.7% senior notes due 30 June 2026 from the open market and subsequently cancelled them, reducing the outstanding principal on this issue to US$361 million. T...
China Oil & Gas Group Announces Strategic Merger and Acquisition Agreement
Nov 10, 2025
China Oil Gas Group Limited has announced a merger and acquisition agreement involving China Oil Investment, Tiandalitong, CCNG, and Shengli Share. The agreement outlines the acquisition of several equity interests, including 100% of China Oil Zh...
China Oil & Gas Group Announces Asset Acquisition Intent
Oct 27, 2025
China Oil Gas Group Limited has announced a letter of intent for asset acquisition involving its subsidiaries. Shengli Share intends to acquire equity interests in four target companies through share issuance and cash payment. The transactions ar...
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.