Perennial Energy Holdings Ltd. (HK:2798)
:2798
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Perennial Energy Holdings Ltd.
(2798)
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Rating:42Neutral
Price Target:
HK$0.94
▼(-15.23% Downside)
Action:ReiteratedDate:04/27/26
The score is primarily held down by weak financial performance, driven by the 2025 swing to a net loss and sustained negative operating/free cash flow. Technicals add further pressure with the price below key moving averages and a negative MACD, while valuation provides limited support because the negative P/E is tied to losses and no dividend yield is available.
Positive Factors
Manageable leverage
Reported debt-to-equity near 0.25–0.38 and sizable equity relative to assets provide financial flexibility. Lower headline leverage reduces near-term solvency risk, easing refinancing pressure and preserving optionality for working capital or targeted capex during cyclical recoveries.
Negative Factors
Swing to net loss
A material 2025 swing to a net loss after prior profits and an ~18% revenue drop weakens retained earnings and erodes capital cushions. Persistent profitability deterioration reduces reinvestment capacity and may force restructuring or asset sales to restore sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Reported debt-to-equity near 0.25–0.38 and sizable equity relative to assets provide financial flexibility. Lower headline leverage reduces near-term solvency risk, easing refinancing pressure and preserving optionality for working capital or targeted capex during cyclical recoveries.
Read all positive factors
Perennial Energy Holdings Ltd. (2798) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.62B
Dividend Yield4.24%
Average Volume (3M)1.15M
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth-29.28%
EPS Growth-145.39%
CountryHK
Employees3,699
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.14
Shares Outstanding1,600,000,000
10 Day Avg. Volume1,331,500
30 Day Avg. Volume1,145,723
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.56
Price to Sales (P/S)1.41
P/FCF Ratio-2.96
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
Perennial Energy Holdings Ltd. Business Overview & Revenue Model
Company Description
Perennial Energy Holdings Limited, an investment holding company, operates as a coal mining company in the People's Republic of China. The company principally explores for and mines various coals, such as clean, middling, sludge, and raw and cokin...
Perennial Energy Holdings Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.17B | 1.71B | 1.72B | 1.78B | 1.54B |
| Gross Profit | 334.12M | 885.13M | 944.29M | 1.12B | 918.48M |
| EBITDA | 132.87M | 728.64M | 803.84M | 1.07B | 845.22M |
| Net Income | -192.67M | 440.23M | 504.19M | 743.96M | 301.77M |
Balance Sheet | |||||
| Total Assets | 4.43B | 4.86B | 4.33B | 4.08B | 3.24B |
| Cash, Cash Equivalents and Short-Term Investments | 86.25M | 205.46M | 129.96M | 202.06M | 180.85M |
| Total Debt | 1.05B | 1.19B | 915.15M | 788.55M | 525.84M |
| Total Liabilities | 1.47B | 1.70B | 1.54B | 1.62B | 1.47B |
| Stockholders Equity | 2.96B | 3.16B | 2.79B | 2.46B | 1.77B |
Cash Flow | |||||
| Free Cash Flow | -557.64M | -789.30M | -515.67M | -293.73M | 98.07M |
| Operating Cash Flow | -173.88M | -423.94M | 213.38M | 180.74M | 553.43M |
| Investing Cash Flow | -530.76M | -590.49M | -866.80M | -734.56M | -662.75M |
| Financing Cash Flow | 598.07M | 1.10B | 545.07M | 575.02M | 150.57M |
Perennial Energy Holdings Ltd. Technical Analysis
Negative
1.11
Price Trends
1.11
Negative
1.14
Negative
1.00
Negative
Market Momentum
-0.04
Negative
43.32
Neutral
64.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2798, the sentiment is Negative. The current price of 1.11 is above the 20-day moving average (MA) of 1.03, above the 50-day MA of 1.11, and above the 200-day MA of 1.00, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2798.
Perennial Energy Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$567.85M | 39.32 | 1.08% | ― | -44.01% | -93.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | HK$2.06B | 3.38 | 3.21% | 20.68% | -35.55% | -65.40% | |
47 Neutral | HK$7.83B | 48.21 | -5.13% | 1.53% | -29.40% | -119.35% | |
45 Neutral | HK$567.55M | -0.91 | -16.39% | ― | -29.90% | -53.25% | |
44 Neutral | HK$285.53M | -0.18 | -48.57% | ― | -10.83% | 1.54% | |
42 Neutral | HK$1.62B | -8.58 | 6.31% | 4.24% | -29.28% | -145.39% |
* Basic Materials Sector Average
HK:2798
Perennial Energy Holdings Ltd.
0.99
0.23
30.26%
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0.06
0.01
18.52%
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0.76
-0.05
-5.94%
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0.27
-0.03
-10.00%
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Henan JinMa Energy Co. Ltd. Class H
1.06
0.54
103.85%
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China Qinfa Group Ltd.
3.17
2.09
193.52%
Perennial Energy Holdings Ltd. Corporate Events
Perennial Energy Sets 2026 AGM to Approve Results and Renew Share Issue Mandate
Apr 23, 2026
Perennial Energy Holdings has called its annual general meeting for 5 June 2026 in Hong Kong, where shareholders will vote on the adoption of the 2025 audited financial statements and the re-election of three retiring directors, Yu Bangping, Yu Xi...
Perennial Energy Moves to Enable Virtual Meetings and E-Payments via Governance Overhaul
Mar 25, 2026
Perennial Energy Holdings Limited plans to overhaul its constitutional documents by replacing its existing memorandum and articles of association with a new set, subject to shareholder approval at its June 2026 annual general meeting. The revamp i...
Perennial Energy Swings to 2025 Loss on Revenue Slump and Heavy Impairments
Mar 24, 2026
Perennial Energy Holdings reported a sharp deterioration in its 2025 financial performance, with revenue falling 29.3% year on year to RMB1.21 billion and gross profit plunging 59.3% to RMB359.9 million. The gross margin compressed from 51.9% to 2...
Perennial Energy Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 12, 2026
Perennial Energy Holdings Ltd. has scheduled a board meeting for 24 March 2026 to review and approve the group’s audited final results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final d...
Perennial Energy Flags 2025 Loss on Coal Price Slump and Asset Impairments
Mar 9, 2026
Perennial Energy Holdings Limited has warned that it expects to swing to a net loss after tax of between RMB178 million and RMB218 million for the year ended 31 December 2025, compared with a net profit of about RMB440.2 million a year earlier. Th...
Perennial Energy Wins Listing Rules Waiver for Delayed Capital Increase Circular
Feb 24, 2026
Perennial Energy Holdings Ltd. has obtained a waiver from strict compliance with Rule 14.41(a) of the Hong Kong Listing Rules, after it required more time to prepare financial and other information for a circular on a proposed capital increase. Th...
Perennial Energy Delays Circular on Major Capital Increase Transaction
Feb 10, 2026
Perennial Energy Holdings Limited has announced a delay in sending a shareholder circular related to a major transaction involving a proposed capital increase in a target company. The circular, originally expected on or before 10 February 2026, wi...
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.