Announcement • Apr 29
Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 05, 2026 Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 05, 2026, at 15:00 China Standard Time. Location: meeting room, 18th floor, nine queen`s road central., Hong Kong Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: CN¥0.022 (vs CN¥0.09 in FY 2024) Full year 2025 results: EPS: CN¥0.022 (down from CN¥0.09 in FY 2024). Revenue: CN¥799.9m (down 62% from FY 2024). Net income: CN¥45.8m (down 75% from FY 2024). Profit margin: 5.7% (down from 8.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 21
Executive Chairman recently bought HK$12m worth of stock On the 20th of March, Lishan Wang bought around 74m shares on-market at roughly HK$0.16 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lishan's only on-market trade for the last 12 months. Announcement • Mar 16
Jutal Offshore Oil Services Limited to Report Fiscal Year 2025 Final Results on Mar 27, 2026 Jutal Offshore Oil Services Limited announced that they will report fiscal year 2025 final results on Mar 27, 2026 New Risk • Jan 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Profit margins are more than 30% lower than last year (5.2% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Recent Insider Transactions Derivative • Jan 15
President & Executive Director exercised options to buy HK$73k worth of stock. On the 8th of January, Hui Tang exercised options to buy 146k shares at a strike price of around HK$0.48, costing a total of HK$70k. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. Hui currently holds less than 1% of total shares outstanding. This was the only transaction from an insider over the last 12 months. Announcement • Jan 15
Jutal Offshore Oil Services Limited has filed a Follow-on Equity Offering in the amount of HKD 56.887664 million. Jutal Offshore Oil Services Limited has filed a Follow-on Equity Offering in the amount of HKD 56.887664 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 355,547,898
Price\Range: HKD 0.16
Transaction Features: Rights Offering Reported Earnings • Sep 28
First half 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.087 in 1H 2024) First half 2025 results: EPS: CN¥0.026 (down from CN¥0.087 in 1H 2024). Revenue: CN¥428.3m (down 67% from 1H 2024). Net income: CN¥56.0m (down 68% from 1H 2024). Profit margin: 13% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 15
Upcoming dividend of HK$0.015 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (3.0%). Declared Dividend • Aug 28
Dividend of HK$0.015 announced Shareholders will receive a dividend of HK$0.015. Ex-date: 22nd September 2025 Payment date: 17th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 49% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.8% EPS decline seen over the last 5 years. New Risk • Aug 27
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: 5.2% Last year net profit margin: 12% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.2% net profit margin). Reported Earnings • Aug 27
First half 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.087 in 1H 2024) First half 2025 results: EPS: CN¥0.026 (down from CN¥0.087 in 1H 2024). Revenue: CN¥428.3m (down 67% from 1H 2024). Net income: CN¥56.0m (down 68% from 1H 2024). Profit margin: 13% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Jutal Offshore Oil Services Limited to Report First Half, 2025 Results on Aug 26, 2025 Jutal Offshore Oil Services Limited announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Aug 04
Jutal Offshore Oil Services Limited Provides Earning Guidance for the Six Months Ended 30 June 2025 Jutal Offshore Oil Services Limited provided earning guidance for the Six Months Ended 30 June 2025. For the period, Group may record a profit attributable to owners of the Company in a range of approximately RMB 40,000,000 to approximately RMB 70,000,000, representing a decrease of approximately 77.44% to approximately 60.52% as compared with the profit attributable to owners of the Company of RMB 177,309,000 for the period ended 30 June 2024. Based on the information currently available to the Company, the Board considers that the decrease in profit was mainly attribute to the significant decrease in the workload of the Group's manufacturing sites compared with the corresponding period of last year. Reported Earnings • May 06
Full year 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.13 in FY 2023) Full year 2024 results: EPS: CN¥0.09 (down from CN¥0.13 in FY 2023). Revenue: CN¥2.08b (down 20% from FY 2023). Net income: CN¥185.1m (down 27% from FY 2023). Profit margin: 8.9% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Jutal Offshore Oil Services Limited, Annual General Meeting, May 27, 2025 Jutal Offshore Oil Services Limited, Annual General Meeting, May 27, 2025, at 11:00 China Standard Time. Location: meeting room on 18th floor, nine queens road central, Hong Kong Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.13 in FY 2023) Full year 2024 results: EPS: CN¥0.09 (down from CN¥0.13 in FY 2023). Revenue: CN¥2.08b (down 20% from FY 2023). Net income: CN¥185.1m (down 27% from FY 2023). Profit margin: 8.9% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Jutal Offshore Oil Services Limited to Report Q4, 2024 Results on Mar 26, 2025 Jutal Offshore Oil Services Limited announced that they will report Q4, 2024 results on Mar 26, 2025 Announcement • Dec 18
Jutal Offshore Oil Services Limited Announces Board and Committee Changes The board of directors of Jutal Offshore Oil Services Limited announced that Mr. Zhao has tendered his resignation as the executive director and member of remuneration committee of the Company to devote more effort into other business commitments with effect from 18 December 2024. Mr. Zhao confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the Stock Exchange of Hong Kong Limited or the shareholders of the Company. The Board also announced that Mr. Tang Hui has been appointed as the member of remuneration committee of the Company with effect from 18 December 2024. Upcoming Dividend • Sep 10
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 16 October 2024. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (8.6%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 29
First half 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.035 in 1H 2023) First half 2024 results: EPS: CN¥0.087 (up from CN¥0.035 in 1H 2023). Revenue: CN¥1.28b (up 56% from 1H 2023). Net income: CN¥177.3m (up 158% from 1H 2023). Profit margin: 14% (up from 8.4% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Jutal Offshore Oil Services Limited to Report First Half, 2024 Results on Aug 26, 2024 Jutal Offshore Oil Services Limited announced that they will report first half, 2024 results on Aug 26, 2024 New Risk • Jun 14
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 Hong Kong stocks, typically moving 13% 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: Major Risk Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Announcement • May 18
Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 11, 2024 Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 11, 2024, at 11:00 China Standard Time. Location: the meeting room in units 1102-3, 11th floor, nine queens road central, Hong Kong Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.12 loss in FY 2022) Full year 2023 results: EPS: CN¥0.13 (up from CN¥0.12 loss in FY 2022). Revenue: CN¥2.59b (up 48% from FY 2022). Net income: CN¥255.0m (up CN¥463.2m from FY 2022). Profit margin: 9.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Mar 15
Jutal Offshore Oil Services Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Jutal Offshore Oil Services Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Announcement • Mar 08
Jutal Offshore Oil Services Limited has completed a Follow-on Equity Offering in the amount of HKD 63 million. Jutal Offshore Oil Services Limited has completed a Follow-on Equity Offering in the amount of HKD 63 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: HKD 0.42
Discount Per Security: HKD 0.0063
Transaction Features: Subsequent Direct Listing New Risk • Mar 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Announcement • Feb 16
Jutal Offshore Oil Services Limited has filed a Follow-on Equity Offering in the amount of HKD 84 million. Jutal Offshore Oil Services Limited has filed a Follow-on Equity Offering in the amount of HKD 84 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: HKD 0.42
Discount Per Security: HKD 0.0063
Transaction Features: Subsequent Direct Listing Announcement • Feb 01
Jutal Offshore Oil Services Limited Provides Earnings Guidance for the Year Ended 31 December 2023 Jutal Offshore Oil Services Limited provided earnings guidance for the year ended 31 December 2023. For the year, the Group may record a profit attributable to owners of the Company in a range of approximately RMB 160 million to approximately RMB 260 million as compared with a loss attributable to owners of the Company of RMB 208,234,000 for the year ended 31 December 2022. In 2023, the Group's revenue may have significantly increased compared to that of 2022. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. VP, Board Secretary & Executive Director Wuhui Zhao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jan 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to HK$0.51. The fair value is estimated to be HK$0.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jan 12
Jutal Offshore Oil Services Limited Announces Executive Changes Jutal Offshore Oil Services Limited announced the resignation of Mr. Liu Yunian as executive director of the company. Mr. Han Guimao has resigned as non-executive director of the Company, member of the audit committee of the Company. Mr. Zhao Wuhui has been appointed as executive director of the Company. Mr. Zhang Hua has been appointed as independent non-executive director of the Company, member of the audit committee of the Company. Effective from 12 January 2024. Mr. Zhao, aged 49, is a vice president of the Company. Mr. Zhao graduated from Northeast Forestry University with a bachelor's degree in accounting in 1998, and obtained a MBA degree from the University of Wales in 2009. He joined the Group in March 2002, had served as finance manager and vice president of the Group, and had been an executive director of the Company from 25 May 2012 to 1 March 2016. Mr. Zhao currently also serves as director or supervisor of several subsidiaries of the Group. Prior to joining the Group, he had worked with Kerry Oils & Grains (China) Co. Ltd. and Everbright Timber Industry (Shenzhen) Co. Ltd. as accountant and auditor. Mr. Zhang, aged 61, is a professor in the Department of Finance and the Director of M.Sc. Program in Finance (Part-time) in The Chinese University of Hong Kong. Mr. Zhang has extensive experience in executive training. His main research interests are in investments, capital markets, corporate finance and fixed income and derivative securities. Mr. Zhang obtained a bachelor degree in engineering from Tianjin University, and a master degree in business administration and a Ph.D. degree in Finance from McGill University. He had served as an independent non-executive director of Momentum Financial Holdings Limited from September 2017 to June 2020, and serves as an independent non-executive director and a member of audit committee of Sinomedia Holding Limited. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.035 (vs CN¥0.084 loss in 1H 2022) First half 2023 results: EPS: CN¥0.035 (up from CN¥0.084 loss in 1H 2022). Revenue: CN¥823.5m (down 29% from 1H 2022). Net income: CN¥68.8m (up CN¥209.6m from 1H 2022). Profit margin: 8.4% (up from net loss in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Aug 12
Jutal Offshore Oil Services Limited to Report First Half, 2023 Results on Aug 24, 2023 Jutal Offshore Oil Services Limited announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • Jun 02
Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 28, 2023 Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 28, 2023, at 11:00 China Standard Time. Location: 5th Floor, Standard Chartered Bank Building 44A, Des Voeux Road Central Hong Kong Agenda: To consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the board of directors and auditors of the Company for the year ended 31 December 2022; to re-elect Mr. Wang Lishan as an executive director and authorise the Board to fix his remuneration; to re-elect Mr. Cao Yunsheng as an executive director and authorise the Board to fix his remuneration; to re-elect Mr. Liu Yunian as an executive director and authorise the Board to fix his remuneration; to re-elect Ms. Choy So Yuk as an independent non-executive director and authorise the Board to fix her remuneration; to re-elect Mr. Cheung Ngar Tat Eddie as an independent non-executive director and authorise the Board to fix his remuneration; to grant a general mandate to the Directors to allot, issue and deal with new shares; and to consider other matters. Reported Earnings • Apr 01
Full year 2022 earnings released: CN¥0.12 loss per share (vs CN¥0.007 profit in FY 2021) Full year 2022 results: CN¥0.12 loss per share (down from CN¥0.007 profit in FY 2021). Revenue: CN¥1.75b (down 56% from FY 2021). Net loss: CN¥208.2m (down CN¥219.3m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. 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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director So Yuk Choy was the last independent 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: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 03
First half 2022 earnings released: CN¥0.084 loss per share (vs CN¥0.06 profit in 1H 2021) First half 2022 results: CN¥0.084 loss per share (down from CN¥0.06 profit in 1H 2021). Revenue: CN¥1.17b (down 43% from 1H 2021). Net loss: CN¥140.8m (down 243% from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 30
First half 2022 earnings released: CN¥0.084 loss per share (vs CN¥0.06 profit in 1H 2021) First half 2022 results: CN¥0.084 loss per share (down from CN¥0.06 profit in 1H 2021). Revenue: CN¥1.17b (down 43% from 1H 2021). Net loss: CN¥140.8m (down 243% from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Kin Yip Tam was the last independent director to join the board, commencing their role in 2021. 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 • Apr 03
Full year 2021 earnings released: EPS: CN¥0.007 (vs CN¥0.09 in FY 2020) Full year 2021 results: EPS: CN¥0.007 (down from CN¥0.09 in FY 2020). Revenue: CN¥3.98b (up 9.2% from FY 2020). Net income: CN¥11.0m (down 93% from FY 2020). Profit margin: 0.3% (down from 4.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.20, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the Energy Services industry in Hong Kong. Total returns to shareholders of 58% over the past three years. Reported Earnings • Oct 04
First half 2021 earnings released: EPS CN¥0.06 (vs CN¥0.016 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥2.04b (up 57% from 1H 2020). Net income: CN¥98.3m (up 288% from 1H 2020). Profit margin: 4.8% (up from 2.0% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.09, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 14x in the Energy Services industry in Hong Kong. Total returns to shareholders of 59% over the past three years. Reported Earnings • Aug 27
First half 2021 earnings released: EPS CN¥0.06 (vs CN¥0.016 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥2.04b (up 57% from 1H 2020). Net income: CN¥98.3m (up 288% from 1H 2020). Profit margin: 4.8% (up from 2.0% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 11
Independent Non-Executive Director recently sold HK$495k worth of stock On the 6th of July, Yimin Zheng sold around 450k shares on-market at roughly HK$1.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$286k more than they bought in the last 12 months. Recent Insider Transactions • Jul 08
Independent Non-Executive Director recently sold HK$495k worth of stock On the 6th of July, Yimin Zheng sold around 450k shares on-market at roughly HK$1.10 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$238k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥1.31, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 16x in the Energy Services industry in Hong Kong. Total returns to shareholders of 21% over the past three years. Recent Insider Transactions Derivative • Jun 24
Executive Director exercised options to buy HK$13m worth of stock. On the 21st of June, Yunsheng Cao exercised options to buy 8m shares at a strike price of around HK$0.68, costing a total of HK$5.4m. This transaction amounted to 39% of their direct individual holding at the time of the trade. Since March 2021, Yunsheng's direct individual holding has increased from 10.20m shares to 20.36m. Company insiders have collectively bought HK$26m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 25
Independent Non-Executive Director exercised options to buy HK$1.5m worth of stock. On the 20th of May, Yang Su exercised options to buy 1m shares at a strike price of around HK$0.48, costing a total of HK$557k. As of today, Yang currently holds no shares directly. Company insiders have collectively bought HK$20m more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥1.34, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 12x in the Energy Services industry in Hong Kong. Total loss to shareholders of 15% over the past three years. Upcoming Dividend • May 19
Upcoming dividend of HK$0.22 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 18 June 2021. Trailing yield: 17%. Within top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (1.7%). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.003 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.65b (up 107% from FY 2019). Net income: CN¥146.7m (up CN¥142.3m from FY 2019). Profit margin: 4.0% (up from 0.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Apr 08
Executive Director exercised options to buy HK$12m worth of stock. On the 1st of April, Lishan Wang exercised options to buy 10m shares at a strike price of around HK$0.77, costing a total of HK$7.7m. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. Since June 2020, Lishan's direct individual holding has increased from 403.14m shares to 404.54m. Company insiders have collectively bought HK$8.8m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.003 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.65b (up 107% from FY 2019). Net income: CN¥146.7m (up CN¥142.3m from FY 2019). Profit margin: 4.0% (up from 0.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 75% share price gain to CN¥1.33, the stock is trading at a trailing P/E ratio of 29x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 17x in the Energy Services industry in Hong Kong. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Feb 17
New 90-day high: HK$1.33 The company is up 171% from its price of HK$0.49 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 63% over the same period. Announcement • Jan 23
Jutal Offshore Oil Services Limited Announces Executive Changes The board of directors of Jutal Offshore Oil Services Limited together with its subsidiaries announced that Mr. Li has tendered his resignation as the executive director of the Company due to his job assignment with effect from 22 January 2021. The board announced that Mr. Cao has been appointed as the executive director of the Company with effect from 22 January 2021. Mr. Cao, aged 57, was previously an executive director of the Company from November 2005 to April 2020. With effect from 22 January 2021, Mr. Cao has also been appointed as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") in place of Mr. Wang Lishan. Immediately after the aforesaid change, the Authorised Representatives are Mr. Cao and Ms. Leung Fung Yee Alice, the company secretary of the Company. Upcoming Dividend • Jan 07
Upcoming Dividend of HK$0.15 Per Share Will be paid on the 5th of February to those who are registered shareholders by the 14th of January. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 2.7%. Is New 90 Day High Low • Dec 21
New 90-day high: HK$0.59 The company is up 18% from its price of HK$0.50 on 22 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: HK$0.53 The company is up 26% from its price of HK$0.42 on 27 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 2.0% over the same period. Announcement • Sep 29
Jutal Offshore Oil Services Limited announced that it expects to receive HKD 1.5 million in funding Jutal Offshore Oil Services Limited (SEHK:3303) announced a private placement of 150,000,000 warrants at a price of HKD 0.01 per warrant for gross proceeds of HKD 1,500,000 on a best efforts basis, on September 28, 2020. The transaction will include participation from not less than 6 investors. The warrants will entitle the holders to subscribe for an aggregate of 150,000,000 warrant shares at the exercise price of HKD 0.65 per warrant share. The warrants consist of 30,000,000 warrants A, 60,000,000 warrants B and 60,000,000 warrants C, the subscription rights for warrants A will be exercisable within 12 months from the date of the issue of warrants A, the subscription rights for warrants B will be exercisable within 42 months from the date of issue of the warrants B and the subscription rights for warrants C will be exercisable within 42 months from the date of issue of the warrants C. The transaction is subject to approval in the extraordinary general meeting of the company. The company will receive net proceeds of HKD 1,400,000 in the transaction. 