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Sunshine Oilsands
(OTC:2012)
Sunshine Oilsands (2012) vs. iShares MSCI Hong Kong ETF (EWH)
Sunshine Oilsands Business Overview & Revenue Model
Sunshine Oilsands Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.40M | 30.24M | 15.63M | 144.00K | 4.18M |
| Gross Profit | -1.06M | -18.12M | -19.05M | -8.91M | -13.46M |
| EBITDA | -16.45M | -891.00K | -53.10M | 49.23M | 30.49M |
| Net Income | -75.39M | -19.33M | -65.40M | 1.47M | 2.23M |
Balance Sheet | |||||
| Total Assets | 739.02M | 745.93M | 747.72M | 755.72M | 761.66M |
| Cash, Cash Equivalents and Short-Term Investments | 841.00K | 1.02M | 542.00K | 312.00K | 838.00K |
| Total Debt | 383.21M | 351.05M | 352.77M | 307.91M | 311.38M |
| Total Liabilities | 722.17M | 654.88M | 637.71M | 579.36M | 596.24M |
| Stockholders Equity | 18.44M | 92.27M | 111.01M | 177.05M | 165.74M |
Cash Flow | |||||
| Free Cash Flow | -4.30M | -10.37M | -22.92M | -12.71M | -12.81M |
| Operating Cash Flow | -2.97M | -7.59M | -21.32M | -9.89M | -11.34M |
| Investing Cash Flow | -735.00K | -2.77M | -1.59M | -2.81M | 2.29M |
| Financing Cash Flow | 3.52M | 10.37M | 23.13M | 12.13M | 8.65M |
Sunshine Oilsands Technical Analysis
Sunshine Oilsands Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$189.81M | 2.62 | 35.12% | ― | 181.77% | 85.52% | |
56 Neutral | C$4.17B | 1.07 | 16.25% | 5.21% | 10.31% | -56.29% | |
49 Neutral | $201.11M | ― | -155.60% | ― | -46.94% | -89.98% | |
45 Neutral | HK$234.17M | ― | ― | -41.07% | 22.63% | ||
43 Neutral | HK$451.94M | ― | -6.77% | ― | -5.18% | 56.71% | |
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| ― | ― | ― | ― | ― |
Sunshine Oilsands Corporate Events
Sunshine Oilsands Ltd. announced that it is undertaking repair and maintenance work on its West Ells project, which is expected to resume production by the end of the first quarter of 2026. The company is also proceeding with the acquisition of Nobao assets to attract prospective investors and raise operating funds. In addition, Sunshine Oilsands is exploring various fundraising opportunities and has been actively settling creditors through share issuance to reduce leverage, which is seen as beneficial for its fundraising efforts.
Sunshine Oilsands Ltd. has announced a settlement agreement to issue shares under a general mandate to settle a debt with a creditor. The shares will be issued at a premium price compared to recent trading prices, representing approximately 1.62% of the existing issued share capital. This move is part of the company’s strategy to manage its financial obligations without requiring shareholder approval, potentially impacting its market position and investor relations.
Sunshine Oilsands Ltd. has disclosed the emoluments of its chief executive officers for select financial years between 2011 and 2024, as required by the Hong Kong Stock Exchange’s listing rules. This disclosure provides transparency regarding executive compensation, which can impact stakeholder perceptions and influence the company’s governance practices.
Sunshine Oilsands Ltd. has announced the appointment of Mr. Yonglan Chen as a non-executive director, effective July 2, 2025. Mr. Chen brings extensive experience in asset management and private equity, having held significant roles at Fullerton Fund Management and EURAZEO Group. His appointment is expected to enhance the company’s strategic direction and governance, potentially impacting its market positioning and stakeholder relations positively.
Sunshine Oilsands Ltd. announced the composition of its board of directors, which includes a mix of executive, non-executive, and independent non-executive directors. The board is structured with four committees: Audit, Compensation, Corporate Governance, and Reserves, each with designated members and chairpersons. This announcement is significant as it outlines the governance structure of the company, potentially impacting its strategic direction and stakeholder confidence.
Sunshine Oilsands Ltd. announced the issuance of shares under a general mandate to settle a debt with a creditor, a corporation wholly owned by Mr. Huang Chen. The creditor and its owner are independent of Sunshine Oilsands and its associates, indicating a strategic move to manage financial obligations without altering existing stakeholder relationships.
Sunshine Oilsands Ltd. has announced the issuance of shares under a general mandate to settle a debt with a creditor. The shares will be issued at HK$0.64, representing a slight discount on the average closing price. This issuance will account for approximately 17.60% of the existing share capital and about 14.97% of the total enlarged issued share capital following completion. The move is part of a settlement agreement and does not require shareholder approval, although the issuance is subject to certain conditions.
Sunshine Oilsands Ltd. announced that all resolutions proposed at their annual general meeting were passed unanimously by shareholders. The resolutions included the approval of audited financial statements, fixing the number of directors at seven, and re-electing three directors, indicating strong shareholder support and stability in the company’s governance.
Sunshine Oilsands Ltd. announced that its shareholders have approved a resolution at a special meeting to issue relevant shares under settlement agreements. This decision, passed with a significant majority, empowers the company’s directors to execute necessary actions related to the issuance and allotment of shares, potentially impacting the company’s financial strategies and stakeholder interests.
Sunshine Oilsands Ltd. has announced its annual general meeting to be held on June 24, 2025, in Hong Kong. The meeting will address several key issues, including the consideration of audited financial statements, election of directors, appointment of an auditor, and granting mandates to the board for share issuance and repurchase. This meeting is significant for stakeholders as it outlines the company’s governance and strategic decisions for the coming year.
Sunshine Oilsands Ltd. has announced a special meeting for its shareholders to consider and approve the issuance of relevant shares under settlement agreements. This move is subject to the approval of the Listing Committee of The Stock Exchange of Hong Kong Limited and other conditions. The meeting will address the execution of these agreements and the allotment of shares, which could impact the company’s operations and shareholder value.
Sunshine Oilsands Ltd. has received an order from the Alberta Energy Regulator requiring the submission of a project abandonment plan due to failure to meet maintenance requirements. The Orphan Well Association is seeking to take over the project, prompting the company to prepare an appeal and stay of the order. Currently, there is no significant adverse impact on the company’s business.
Sunshine Oilsands Ltd. reported a significant decline in its financial performance for the first quarter ended March 31, 2025, primarily due to equipment maintenance at its West Ells site. The company experienced a drop in petroleum sales to zero, a net operating loss of CAD 1.7 million, and an operating cash flow loss of CAD 1.9 million, although the net loss attributable to owners decreased to CAD 9.7 million from CAD 22.1 million in the previous year.
Sunshine Oilsands Ltd. has faced challenges in maintaining its operations, with the West Ells project having resumed full operations on April 11, 2022, after a temporary suspension due to market volatility and COVID-19 impacts. Despite significant investments, the company reported no bitumen production or sales in the first quarter of 2025, highlighting ongoing financial and operational difficulties, including the need for additional financing to ensure continued operations and development.