Price Target Changed • Jun 10
Price target increased by 13% to CN¥149 Up from CN¥132, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CN¥145. Stock is up 318% over the past year. The company is forecast to post earnings per share of CN¥3.65 for next year compared to CN¥2.64 last year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥150, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 33x in the Energy Services industry in China. Total returns to shareholders of 547% over the past three years. Reported Earnings • Apr 17
First quarter 2026 earnings released: EPS: CN¥0.58 (vs CN¥0.46 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.58 (up from CN¥0.46 in 1Q 2025). Revenue: CN¥3.29b (up 23% from 1Q 2025). Net income: CN¥588.3m (up 26% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 17
Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2026 Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Apr 08
Price target increased by 11% to CN¥88.15 Up from CN¥79.13, the current price target is an average from 9 analysts. New target price is 21% below last closing price of CN¥112. Stock is up 289% over the past year. The company is forecast to post earnings per share of CN¥3.00 for next year compared to CN¥2.59 last year. Announcement • Mar 31
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Q1, 2026 Results on Apr 17, 2026 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 17, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥101, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 30x in the Energy Services industry in China. Total returns to shareholders of 293% over the past three years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥117, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 30x in the Energy Services industry in China. Total returns to shareholders of 303% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥104, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Energy Services industry in China. Total returns to shareholders of 253% over the past three years. Price Target Changed • Feb 03
Price target increased by 12% to CN¥79.13 Up from CN¥70.70, the current price target is an average from 9 analysts. New target price is 16% below last closing price of CN¥94.20. Stock is up 126% over the past year. The company is forecast to post earnings per share of CN¥3.01 for next year compared to CN¥2.59 last year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥87.07, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Energy Services industry in China. Total returns to shareholders of 185% over the past three years. Price Target Changed • Jan 08
Price target increased by 8.4% to CN¥68.03 Up from CN¥62.78, the current price target is an average from 9 analysts. New target price is 7.1% below last closing price of CN¥73.21. Stock is up 96% over the past year. The company is forecast to post earnings per share of CN¥3.02 for next year compared to CN¥2.59 last year. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Chairman Huitao Li was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 31
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Price Target Changed • Dec 04
Price target increased by 9.3% to CN¥60.87 Up from CN¥55.71, the current price target is an average from 8 analysts. New target price is 8.7% below last closing price of CN¥66.69. Stock is up 94% over the past year. The company is forecast to post earnings per share of CN¥3.03 for next year compared to CN¥2.59 last year. New Risk • Dec 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 7.8% 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 (7.8% average weekly change). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥62.07, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Energy Services industry in China. Total returns to shareholders of 112% over the past three years. Reported Earnings • Oct 24
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.56 (up from CN¥0.51 in 3Q 2024). Revenue: CN¥3.52b (up 14% from 3Q 2024). Net income: CN¥566.8m (up 11% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Announcement • Sep 30
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Price Target Changed • Sep 19
Price target increased by 7.9% to CN¥53.62 Up from CN¥49.69, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CN¥52.00. Stock is up 83% over the past year. The company is forecast to post earnings per share of CN¥3.04 for next year compared to CN¥2.59 last year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥46.67, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Energy Services industry in China. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.82 per share. Price Target Changed • Aug 11
Price target increased by 12% to CN¥46.63 Up from CN¥41.63, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CN¥45.82. Stock is up 47% over the past year. The company is forecast to post earnings per share of CN¥2.98 for next year compared to CN¥2.59 last year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: CN¥0.76 (vs CN¥0.70 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.76 (up from CN¥0.70 in 2Q 2024). Revenue: CN¥4.21b (up 49% from 2Q 2024). Net income: CN¥775.5m (up 8.8% from 2Q 2024). Profit margin: 18% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Yantai Jereh Oilfield Services Group Co., Ltd. to Report First Half, 2025 Results on Aug 07, 2025 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report first half, 2025 results on Aug 07, 2025 Announcement • May 10
Yantai Jereh Oilfield Services Group Co., Ltd. Approves Cash Dividend for 2024 Yantai Jereh Oilfield Services Group Co., Ltd. at its Annual General Meeting held on 07 May 2025 approved the cash dividend of CNY 6.90000000 per 10 shares (tax included) for 2024. Announcement • Apr 25
Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces an Equity Buyback for CNY 250 million worth of its shares. Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces a share repurchase program. Under the program, the company will repurchase shares for CNY 250 million. The shares will be repurchased at CNY 49 per share. The purpose of the program is as equity incentive or employee shareholding plan. The program will be funded using a special loan commitment. The program is valid for 12 months. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥2.59 (up from CN¥2.41 in FY 2023). Revenue: CN¥13.4b (down 4.0% from FY 2023). Net income: CN¥2.63b (up 7.0% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Yantai Jereh Oilfield Services Group Co., Ltd. Proposes Final Dividend for 2024 Yantai Jereh Oilfield Services Group Co., Ltd. announced on 10 April 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 6.90000000. Announcement • Apr 10
Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2025 Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥28.33, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Energy Services industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Mar 31
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Dec 31
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Energy Services industry in China. Total loss to shareholders of 5.3% over the past three years. Announcement • Sep 30
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Announcement • Sep 28
Yantai Jereh Oilfield Services Group Co., Ltd. Approves Interim Cash Dividend for the Year 2024 Yantai Jereh Oilfield Services Group Co., Ltd. at its Extraordinary General Meeting held on 26 September 2024 approved interim cash dividend of CNY 1.20000000 per 10 shares (tax included) for the year 2024. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥29.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Energy Services industry in China. Total loss to shareholders of 41% over the past three years. Announcement • Aug 30
Yantai Jereh Oilfield Services Group Co., Ltd. Announces Profit Distribution Proposal for the First Half of 2024 Yantai Jereh Oilfield Services Group Co., Ltd. announced profit distribution proposal for the first half of 2024 of Cash dividend per 10 shares (tax included) of CNY 1.20000000. Reported Earnings • Aug 29
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.70 (up from CN¥0.68 in 2Q 2023). Revenue: CN¥2.83b (down 10.0% from 2Q 2023). Net income: CN¥712.9m (up 3.1% from 2Q 2023). Profit margin: 25% (up from 22% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Yantai Jereh Oilfield Services Group Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 Declared Dividend • Jun 14
Dividend increased to CN¥0.49 Dividend of CN¥0.49 is 48% higher than last year. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 05
Yantai Jereh Oilfield Services Group Co., Ltd. Proposes Final Cash Dividend for 2023 Yantai Jereh Oilfield Services Group Co., Ltd. proposed final cash dividend of CNY 4.9000000 per ten shares (tax included) for 2023. Announcement • Apr 03
Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2024 Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Reported Earnings • Apr 03
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥2.41 (up from CN¥2.27 in FY 2022). Revenue: CN¥13.9b (up 22% from FY 2022). Net income: CN¥2.45b (up 9.3% from FY 2022). Profit margin: 18% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥28.35, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Energy Services industry in China. Total loss to shareholders of 45% over the past three years. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: CN¥2.41 (vs CN¥2.27 in FY 2022) Full year 2023 results: EPS: CN¥2.41 (up from CN¥2.27 in FY 2022). Revenue: CN¥13.9b (up 22% from FY 2022). Net income: CN¥2.46b (up 9.6% from FY 2022). Profit margin: 18% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces an Equity Buyback for CNY 250 million worth of its shares. Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 250 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share. The repurchased shares will be used for the implementation of ESOP. The program will be valid for 6 months. Announcement • Dec 30
Yantai Jereh Oilfield Services Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥0.52. Revenue: CN¥3.34b (up 31% from 3Q 2022). Net income: CN¥520.8m (up 1.6% from 3Q 2022). Profit margin: 16% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Energy Services industry in China. Price Target Changed • Aug 18
Price target decreased by 8.8% to CN¥36.81 Down from CN¥40.34, the current price target is an average from 9 analysts. New target price is 35% above last closing price of CN¥27.31. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥2.46 for next year compared to CN¥2.27 last year. Price Target Changed • Aug 12
Price target decreased by 7.6% to CN¥39.06 Down from CN¥42.28, the current price target is an average from 10 analysts. New target price is 46% above last closing price of CN¥26.80. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥2.38 for next year compared to CN¥2.27 last year. New Risk • Aug 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.68 (down from CN¥0.80 in 2Q 2022). Revenue: CN¥3.14b (up 15% from 2Q 2022). Net income: CN¥691.8m (down 9.5% from 2Q 2022). Profit margin: 22% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Yantai Jereh Oilfield Services Group Co., Ltd. to Report First Half, 2023 Results on Aug 11, 2023 Yantai Jereh Oilfield Services Group Co., Ltd. announced that they will report first half, 2023 results on Aug 11, 2023 Announcement • Jun 08
Yantai Jereh Oilfield Services Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 15, 2023 Yantai Jereh Oilfield Services Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.30838300 on A shares for the year 2022. Record date is June 14, 2023. Ex-date is May June 15, 2023. Payment date is June 15, 2023. Announcement • Jun 02
Jereh Unveils Low-Carbon Fracturing Solution at Cippe 2023 Jereh unveiled its recently developed innovative technology at cippe 2023: the Jereh 8 8 HP electric fracturing unit and electric coiled tubing unit, with the theme of "low carbon tech, smart exploitation solutions". With a stand of 1,500 square metres, Jereh displayed eight equipment, glasses-free 3D video, digital sand table, interactive screen and other technological exhibits. The world's first 8000 HP E-Frac Unit for continuous working conditions is the latest released equipment of Jereh. With a 8000 HP plunger pump to provide more horsepower to hydraulic fracturing operations, it can achieve a single unit placement of 2.33 cubic meters per minute under the ultra-high operating pressure of 138 MPa, and can maintain stable operation under a 24/7 continuous working conditions. Another key product released this time: Jereh electric intelligent coiled tubing unit realize a leap forward innovation in driving mode, intelligent control and human-machine interaction. The equipment can be flexibly driven by generator, grid, battery and hybrid-driven. Integrated multiple intelligent system assures dynamic real-time monitoring, fully ensure the safety of the operation. Since 2011, Jereh has been manufacturing fracturing equipment to facilitate the transition to cleaner energy sources and promote decarbonization while improving operational efficiency and reducing costs of oil and gas production companies. Jereh provides both direct-drive turbine fracturing and electric fracturing equipment, the most innovative and ESG-compliant fracturing equipment available today. Until now, 5 sets of Jereh turbine fracturing equipment have completed a total of over 150,000 hours of operation in North America. Jereh showcased continuous rotary TDU as Jereh latest technology in oilfield environmental protection. The equipment's sealing technology and kiln barrel self-cleaning coking technology are the "global first", which can effectively solve the problems of coking of high liquid content and high asphaltene materials and ensure effective heat transfer. Announcement • May 19
Yantai Jereh Oilfield Services Group Co., Ltd. Approves Cash Dividend for the Year 2022 Yantai Jereh Oilfield Services Group Co., Ltd. in its Annual General Meeting of 2022 on 15 May 2023 approved the Cash dividend/10 shares (tax included): CNY 3.30000000. Announcement • May 17
Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces an Equity Buyback for CNY 250 million worth of its shares. Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 250 million worth of its shares. The shares may be repurchased at a price not exceeding CNY 40 per share. The repurchases will be funded from the company's own funds. The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase program will be valid for 6 months. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥12.4b to CN¥11.8b. EPS estimate also fell from CN¥2.35 per share to CN¥2.11 per share. Net income forecast to grow 3.6% next year vs 41% growth forecast for Energy Services industry in China. Consensus price target of CN¥42.16 unchanged from last update. Share price fell 5.6% to CN¥27.22 over the past week. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥2.28 (vs CN¥1.66 in FY 2021) Full year 2022 results: EPS: CN¥2.28 (up from CN¥1.66 in FY 2021). Revenue: CN¥11.4b (up 30% from FY 2021). Net income: CN¥2.26b (up 42% from FY 2021). Profit margin: 20% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥32.75, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Energy Services industry in China. Total loss to shareholders of 10% over the past three years. Announcement • Jan 04
Yantai Jereh Oilfield Services Group Co., Ltd. Elects Li Huitao as Non-Independent Director Yantai Jereh Oilfield Services Group Co., Ltd. at the Extraordinary General Meeting held on 30 December 2022, approved election of non-independent directors, cumulative voting system applicable: Li Huitao. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Zhenfeng Liu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.54 (vs CN¥0.40 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.54 (up from CN¥0.40 in 3Q 2021). Revenue: CN¥2.55b (up 37% from 3Q 2021). Net income: CN¥512.5m (up 34% from 3Q 2021). Profit margin: 20% (in line with 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.80 (vs CN¥0.51 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.80 (up from CN¥0.51 in 2Q 2021). Revenue: CN¥2.74b (up 22% from 2Q 2021). Net income: CN¥764.7m (up 58% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Price Target Changed • Jun 08
Price target decreased to CN¥49.61 Down from CN¥53.95, the current price target is an average from 13 analysts. New target price is 10% above last closing price of CN¥44.98. Stock is up 8.8% over the past year. The company is forecast to post earnings per share of CN¥2.19 for next year compared to CN¥1.66 last year. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥40.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Energy Services industry in China. Total returns to shareholders of 96% over the past three years. Announcement • May 12
Yantai Jereh Oilfield Services Group Co., Ltd. Approves Final Cash Dividend for the Year 2021, Payable on 17 May 2022 Yantai Jereh Oilfield Services Group Co., Ltd. announced that at its AGM held on May 06, 2022, shareholders approved the final cash dividend of CNY 1.80 per A 10 shares (tax included) for the year 2021. Record date is 16 May 2022 with Ex-date on 17 May 2022 and Payment date is 17 May 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.23 (down from CN¥0.29 in 1Q 2021). Revenue: CN¥1.83b (up 27% from 1Q 2021). Net income: CN¥218.1m (down 22% from 1Q 2021). Profit margin: 12% (down from 20% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 28%, compared to a 22% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Zhenfeng Liu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered 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 17% share price decline to CN¥32.44, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Energy Services industry in China. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.79 per share. Reported Earnings • Apr 16
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥1.66 (down from CN¥1.77 in FY 2020). Revenue: CN¥8.78b (up 5.8% from FY 2020). Net income: CN¥1.59b (down 6.2% from FY 2020). Profit margin: 18% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 26%, compared to a 21% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Uniorange Internet Design Co., Ltd. agreed to acquire Jereh C-Create Technology Co., Ltd. from Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) for CNY 3.7 million. Uniorange Internet Design Co., Ltd. agreed to acquire Jereh C-Create Technology Co., Ltd. from Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) for CNY 3.7 million on January 11, 2022. Yantai Jereh Oilfield Services Group board of directors agreed to transfer 100% equity of Jereh C-Create. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥40.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Energy Services industry in China. Total returns to shareholders of 90% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.45 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥1.86b (down 12% from 3Q 2020). Net income: CN¥383.0m (down 10% from 3Q 2020). Profit margin: 21% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 32% per year. Price Target Changed • Oct 15
Price target increased to CN¥51.46 Up from CN¥47.83, the current price target is an average from 15 analysts. New target price is 9.2% above last closing price of CN¥47.10. Stock is up 64% over the past year. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥43.34, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Energy Services industry in China. Total returns to shareholders of 121% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.51 (vs CN¥0.49 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.24b (up 14% from 2Q 2020). Net income: CN¥484.1m (up 3.9% from 2Q 2020). Profit margin: 22% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥45.80, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Energy Services industry in China. Total returns to shareholders of 191% over the past three years. Announcement • May 27
Yantai Jereh Oilfield Services Group Co., Ltd. announced that it expects to receive CNY 2.5 billion in funding Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announced a private placement of not exceed 100,000,000 A shares for the gross proceeds of not exceed CNY 2,500,000,000 on May 25, 2021. The pricing base date of this issuance is the first day of the issuance period. The issuance price of this issuance shall not be lower than 80% of the average trading price of the company’s A shares on the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 investors. The securities issued in the transaction are subject to 6 months hold period. The transaction has been approved at the 13th meeting of the Fifth Board of Directors and subject to approval from general meeting of shareholders and the China Securities Regulatory Commission. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.23 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.43b (up 5.9% from 1Q 2020). Net income: CN¥279.0m (up 25% from 1Q 2020). Profit margin: 20% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.