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China Oil & Gas Group
(0603)
China Oil & Gas Group (0603) vs. iShares MSCI Hong Kong ETF (EWH)
China Oil & Gas Group Business Overview & Revenue Model
China Oil & Gas Group Financial Statement Overview
| 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
China Oil & Gas Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$817.38M | 5.88 | 4.05% | ― | -12.48% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | HK$558.01M | 15.30 | 7.01% | 2.35% | -13.08% | -43.83% | |
55 Neutral | HK$173.75M | -3.86 | -31.34% | ― | -29.86% | -791.02% | |
49 Neutral | HK$3.27B | -24.44 | -40.82% | ― | 23.08% | 23.40% | |
40 Underperform | HK$117.82M | -0.06 | ― | ― | -76.52% | -630.18% |
China Oil & Gas Group Corporate Events
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 requirements. The company stresses that the announcement does not constitute an offer, solicitation, or inducement to buy or subscribe for any securities in any jurisdiction, particularly in the United States, where the referenced notes will not be registered, and emphasizes that no investment decisions should be based solely on the information in that document, underlining a cautious and compliance-focused approach to its international capital market communications.
The most recent analyst rating on (HK:0603) stock is a Buy with a HK$0.18 price target. To see the full list of analyst forecasts on China Oil & Gas Group stock, see the HK:0603 Stock Forecast page.
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, bookrunners and lead managers. The proceeds are intended to fund a concurrent offer to purchase existing obligations and for general corporate purposes, and in-principle approval has been obtained for listing the notes on the Singapore Exchange, although there will be no Hong Kong listing. The issue is not yet certain to proceed, as no binding purchase agreement has been signed, and the company has cautioned investors that the proposed notes offering may or may not materialise, promising a further announcement if and when the deal is executed.
The most recent analyst rating on (HK:0603) stock is a Buy with a HK$0.18 price target. To see the full list of analyst forecasts on China Oil & Gas Group stock, see the HK:0603 Stock Forecast page.
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 investors across markets and compliance with Hong Kong listing rules. The company stresses that this posting is purely for regulatory and informational purposes, does not constitute any form of securities offering or investment solicitation in any jurisdiction, and should not be used as a basis for investment decisions, underscoring a cautious approach to cross-border securities regulation and investor communications.
The most recent analyst rating on (HK:0603) stock is a Buy with a HK$0.18 price target. To see the full list of analyst forecasts on China Oil & Gas Group stock, see the HK:0603 Stock Forecast page.
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. The move signals ongoing proactive liability management by the company and may help trim future interest costs and strengthen its balance-sheet profile, though management stresses that any further note buybacks will depend on market conditions and will be at the company’s sole discretion, and investors are cautioned that there is no assurance of additional repurchases.
The most recent analyst rating on (HK:0603) stock is a Buy with a HK$0.20 price target. To see the full list of analyst forecasts on China Oil & Gas Group stock, see the HK:0603 Stock Forecast page.
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 Zhuhai and Tiandashengtong, 51% of Nantong Oil, and 40% of Ganhe China Oil. The transaction will be executed through a combination of share issuance and cash payment, with the share price set at RMB3.07 per share. The newly issued shares will be subject to a 36-month lock-up period, which may extend if certain stock price conditions are met. This strategic move is expected to enhance the company’s asset portfolio and strengthen its competitive positioning in the oil and gas industry.
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 are subject to due diligence, internal decision-making, and regulatory approvals. This strategic move could impact the company’s operations and industry positioning by potentially streamlining its asset portfolio.