Announcement • Jun 30
Beijing Haohua Energy Resource Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Beijing Haohua Energy Resource Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.65, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Oil and Gas industry in China. Total returns to shareholders of 113% over the past three years. New Risk • Jun 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.06, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Oil and Gas industry in China. Total returns to shareholders of 133% over the past three years. Announcement • Apr 30
Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 25, 2026 Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 25, 2026, at 14:30 China Standard Time. New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (142% payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥10.94, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Oil and Gas industry in China. Total returns to shareholders of 102% over the past three years. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (142% payout ratio). Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.22 (vs CN¥0.19 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.22 (up from CN¥0.19 in 1Q 2025). Revenue: CN¥2.60b (up 2.7% from 1Q 2025). Net income: CN¥319.8m (up 16% from 1Q 2025). Profit margin: 12% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Mar 30
Beijing Haohua Energy Resource Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 26
Beijing Haohua Energy Resource Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Beijing Haohua Energy Resource Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.071 (down from CN¥0.18 in 3Q 2024). Revenue: CN¥1.91b (down 9.4% from 3Q 2024). Net income: CN¥105.9m (down 59% from 3Q 2024). Profit margin: 5.5% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 30
Beijing Haohua Energy Resource Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.29 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.29 in 2Q 2024). Revenue: CN¥1.86b (down 20% from 2Q 2024). Net income: CN¥171.6m (down 58% from 2Q 2024). Profit margin: 9.2% (down from 18% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 30
Beijing Haohua Energy Resource Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Beijing Haohua Energy Resource Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Major Estimate Revision • May 01
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥9.72b to CN¥8.79b. EPS estimate also fell from CN¥1.04 per share to CN¥0.65 per share. Net income forecast to shrink 15% next year vs 18% growth forecast for Oil and Gas industry in China . Consensus price target down from CN¥12.00 to CN¥9.00. Share price was steady at CN¥7.22 over the past week. Announcement • Apr 30
Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 23, 2025 Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 28
Beijing Haohua Energy Resource Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Beijing Haohua Energy Resource Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Beijing Haohua Energy Resource Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥9.52b to CN¥9.06b. EPS estimate also fell from CN¥1.09 per share to CN¥0.94 per share. Net income forecast to grow 27% next year vs 29% growth forecast for Oil and Gas industry in China. Consensus price target up from CN¥10.00 to CN¥12.00. Share price fell 7.7% to CN¥8.60 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥2.11b (down 1.7% from 3Q 2023). Net income: CN¥260.4m (up 57% from 3Q 2023). Profit margin: 12% (up from 7.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 30
Beijing Haohua Energy Resource Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥9.08, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 15% over the past three years. Major Estimate Revision • Sep 02
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥9.32b to CN¥9.52b. EPS estimate increased from CN¥0.953 to CN¥1.09 per share. Net income forecast to grow 38% next year vs 20% growth forecast for Oil and Gas industry in China. Consensus price target of CN¥10.00 unchanged from last update. Share price rose 12% to CN¥8.85 over the past week. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥2.32b (up 22% from 2Q 2023). Net income: CN¥407.1m (up 46% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued Over the last 90 days, the stock has risen 29% to CN¥9.60. The fair value is estimated to be CN¥11.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Announcement • Jun 28
Beijing Haohua Energy Resource Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Beijing Haohua Energy Resource Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 20
Dividend increased to CN¥0.35 Dividend of CN¥0.35 is 2.9% higher than last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 3.6%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 19
Now 20% undervalued Over the last 90 days, the stock has risen 31% to CN¥9.60. The fair value is estimated to be CN¥12.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Oil and Gas industry in China. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.68 per share. Announcement • May 01
Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 22, 2024 Beijing Haohua Energy Resource Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.30 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.31 (up from CN¥0.30 in 1Q 2023). Revenue: CN¥2.41b (up 7.6% from 1Q 2023). Net income: CN¥451.8m (up 5.1% from 1Q 2023). Profit margin: 19% (in line with 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 15
Now 21% undervalued Over the last 90 days, the stock has risen 26% to CN¥8.30. The fair value is estimated to be CN¥10.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.1% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Announcement • Mar 29
Beijing Haohua Energy Resource Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in China. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.63 per share. Announcement • Dec 30
Beijing Haohua Energy Resource Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Beijing Haohua Energy Resource Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.42 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.42 in 3Q 2022). Revenue: CN¥1.97b (down 24% from 3Q 2022). Net income: CN¥302.5m (down 50% from 3Q 2022). Profit margin: 15% (down from 23% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Beijing Haohua Energy Resource Co., Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.43 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.43 in 2Q 2022). Revenue: CN¥1.91b (down 23% from 2Q 2022). Net income: CN¥278.4m (down 54% from 2Q 2022). Profit margin: 15% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Beijing Haohua Energy Resource Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Beijing Haohua Energy Resource Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.22 in 1Q 2022). Revenue: CN¥2.24b (up 29% from 1Q 2022). Net income: CN¥429.8m (up 37% from 1Q 2022). Profit margin: 19% (up from 18% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.93 (vs CN¥1.40 in FY 2021) Full year 2022 results: EPS: CN¥0.93 (down from CN¥1.40 in FY 2021). Revenue: CN¥9.22b (up 10% from FY 2021). Net income: CN¥1.33b (down 34% from FY 2021). Profit margin: 14% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Da Qi Zhu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.42 (vs CN¥0.45 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.42 (down from CN¥0.45 in 3Q 2021). Revenue: CN¥2.60b (up 5.8% from 3Q 2021). Net income: CN¥604.7m (down 7.9% from 3Q 2021). Profit margin: 23% (down from 27% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.64 (vs CN¥0.33 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.64 (up from CN¥0.33 in 2Q 2021). Revenue: CN¥2.47b (up 41% from 2Q 2021). Net income: CN¥609.7m (up 33% from 2Q 2021). Profit margin: 25% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 26%, compared to a 8.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.66, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in China. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.69, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in China. Total returns to shareholders of 64% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Da Qi Zhu was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥9.23, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥10.68, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥9.91, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.51, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.90, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 62% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.53 (vs CN¥0.008 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.45b (up 134% from 3Q 2020). Net income: CN¥656.4m (up CN¥647.2m from 3Q 2020). Profit margin: 27% (up from 0.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥12.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Oil and Gas industry in China. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥13.05, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Oil and Gas industry in China. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥8.89, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Oil and Gas industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.063 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.75b (up 55% from 2Q 2020). Net income: CN¥459.4m (up CN¥390.2m from 2Q 2020). Profit margin: 26% (up from 6.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.53, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 16x in the Oil and Gas industry in China. Total loss to shareholders of 1.6% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.57, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 16x in the Oil and Gas industry in China. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.19, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 16x in the Oil and Gas industry in China. Total loss to shareholders of 18% over the past three years. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS CN¥0.04 (vs CN¥0.22 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.36b (down 21% from FY 2019). Net income: CN¥47.9m (down 82% from FY 2019). Profit margin: 1.1% (down from 4.7% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥3.55 The company is down 9.0% from its price of CN¥3.91 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥4.45 The company is up 10.0% from its price of CN¥4.03 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥4.28 The company is up 10.0% from its price of CN¥3.89 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.82 The company is down 8.0% from its price of CN¥4.17 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥236.3m, with earnings decreasing by CN¥647.6m from the prior year. Total revenue was CN¥4.41b over the last 12 months, down 22% from the prior year. Announcement • Oct 20
Beijing Haohua Energy Resource Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Beijing Haohua Energy Resource Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Jul 09
Beijing Haohua Energy Resource Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Beijing Haohua Energy Resource Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
