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Petro-king Oilfield Services Ltd.
(2178)
Petro-king Oilfield Services Ltd. (2178) vs. iShares MSCI Hong Kong ETF (EWH)
Petro-king Oilfield Services Ltd. Business Overview & Revenue Model
Petro-king Oilfield Services Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 292.44M | 314.84M | 313.77M | 163.97M | 307.99M |
| Gross Profit | 225.17M | 38.76M | 24.72M | 5.89M | 64.23M |
| EBITDA | 31.16M | -20.09M | 17.70M | -24.46M | 52.02M |
| Net Income | -17.79M | -73.51M | -28.59M | -105.28M | -73.03M |
Balance Sheet | |||||
| Total Assets | 642.94M | 712.01M | 823.41M | 716.49M | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 15.61M | 26.29M | 39.96M | 27.45M | 32.81M |
| Total Debt | 148.65M | 189.95M | 231.15M | 187.15M | 351.38M |
| Total Liabilities | 462.68M | 520.86M | 561.68M | 425.81M | 664.27M |
| Stockholders Equity | 172.82M | 186.83M | 256.05M | 286.01M | 331.90M |
Cash Flow | |||||
| Free Cash Flow | 11.51M | -29.58M | 19.11M | 119.80M | -32.56M |
| Operating Cash Flow | 19.21M | -28.71M | 22.88M | 125.43M | -8.90M |
| Investing Cash Flow | 15.51M | 43.60M | 22.45M | -11.11M | 22.13M |
| Financing Cash Flow | -42.74M | -29.49M | -28.51M | -121.34M | -16.24M |
Petro-king Oilfield Services Ltd. Technical Analysis
Petro-king Oilfield Services Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $4.14B | 15.23 | 7.26% | 1.94% | 5.43% | 20.64% | |
68 Neutral | HK$399.81M | 1.56 | 22.57% | ― | -63.59% | 22.85% | |
67 Neutral | $15.20B | 9.67 | 6.33% | 6.14% | 4.05% | -66.98% | |
59 Neutral | €268.04M | 8.73 | 0.86% | ― | 7.69% | -81.72% | |
56 Neutral | HK$124.32M | ― | -9.89% | ― | -6.39% | 75.82% | |
53 Neutral | $4.40B | ― | -45.09% | ― | 30.81% | 2.97% | |
52 Neutral | HK$232.46M | ― | -9.22% | ― | -5.75% | 57.80% |
Petro-king Oilfield Services Ltd. Corporate Events
Petro-king Oilfield Services Ltd. has revised the terms of reference for its Nomination Committee as of July 2025. The committee, which will comply with the Hong Kong Stock Exchange’s Listing Rules, will consist of at least three members, predominantly independent non-executive directors, with a requirement for gender diversity. This move is likely to strengthen the company’s governance structure and enhance its compliance with regulatory standards, potentially impacting its industry positioning positively.
Petro-King Oilfield Services Ltd. has announced a change in the composition of its Nomination Committee, with the appointment of Ms. Zhou Sisi as a new member, effective July 9, 2025. This strategic move is part of the company’s ongoing efforts to strengthen its governance structure, potentially impacting its operational efficiency and stakeholder relations.
Petro-king Oilfield Services Ltd. has announced the composition of its board of directors and the establishment of four committees under the board. This organizational structure aims to enhance governance and oversight, potentially impacting the company’s strategic direction and stakeholder confidence.
Petro-king Oilfield Services Ltd. announced the successful passing of a resolution at their Extraordinary General Meeting held on June 12, 2025. The resolution, which pertained to the approval of a Framework Sale and Purchase Agreement, was passed with significant shareholder support, indicating a positive step for the company’s strategic transactions. The approval may enhance the company’s operational capabilities and market positioning, potentially benefiting stakeholders through improved business prospects.
Petro-king Oilfield Services Ltd. has announced an extraordinary general meeting (EGM) scheduled for June 12, 2025, in Hong Kong, where shareholders will consider approving a Framework Sale and Purchase Agreement. This agreement involves multiple subsidiaries and aims to enhance the company’s operational capabilities and strategic positioning in the oilfield services market.
Petro-king Oilfield Services Ltd. has announced the scheduling of an extraordinary general meeting (EGM) to be held on June 12, 2025, in Hong Kong. The meeting aims to discuss the Framework Sale and Purchase Agreement, with the register of members closed from June 9 to June 12, 2025, to determine voting eligibility. This announcement is significant for shareholders as it outlines the procedures for participating in the EGM, which could impact the company’s strategic decisions and future operations.
Petro-king Oilfield Services Ltd. has entered into a Framework Sale and Purchase Agreement with Petro-king Energy Group, effective retrospectively from January 1, 2025, to December 31, 2027. Under this agreement, Petro-king’s PRC Subsidiaries will purchase well completion, production enhancement, and drilling products from Petro-king Energy Group, with annual transaction caps set at RMB20,000,000. This agreement, involving connected persons under the Listing Rules, requires compliance with reporting and approval processes due to its financial scale, impacting the company’s operational strategy and regulatory obligations.
Petro-king Oilfield Services Ltd. announced that all resolutions proposed at their Annual General Meeting on May 8, 2025, were passed by shareholders. These resolutions included the re-election of directors, authorization of director remuneration, reappointment of the auditor, and granting of general mandates for share issuance and repurchase. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued operational stability and strategic flexibility.
Petro-king Oilfield Services Ltd. announced the successful passing of a resolution at their Extraordinary General Meeting (EGM) held on May 8, 2025. The resolution, which involved the adoption of a New Share Option Scheme, was approved by a significant majority of shareholders, with 92.89% voting in favor. This development is expected to impact the company’s operational strategies and potentially enhance shareholder value by aligning the interests of the company’s management with those of its shareholders.