New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings have declined by 56% 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 Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 56% per year over the past 5 years. Ankündigung • Jun 30
Oriental Energy Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Oriental Energy Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Deputy GM & Director Xiao Shao was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 29
Oriental Energy Co., Ltd., Annual General Meeting, May 29, 2026 Oriental Energy Co., Ltd., Annual General Meeting, May 29, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Ankündigung • Mar 31
Oriental Energy Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Oriental Energy Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Dec 31
Oriental Energy Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Oriental Energy Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Ankündigung • Sep 30
Oriental Energy Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Oriental Energy Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Ankündigung • Jul 02
Oriental Energy Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Oriental Energy Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Ankündigung • Apr 23
Oriental Energy Co., Ltd., Annual General Meeting, May 16, 2025 Oriental Energy Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: No. 1, Ziqi Road, Xuzhuang Software Park, Xianlin Avenue, Nanjing, Jiangsu China Ankündigung • Mar 31
Oriental Energy Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Oriental Energy Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Ankündigung • Dec 31
Oriental Energy Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Oriental Energy Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.013 (vs CN¥0.019 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.013 (down from CN¥0.019 in 3Q 2023). Revenue: CN¥9.36b (up 53% from 3Q 2023). Net income: CN¥21.0m (down 31% from 3Q 2023). Profit margin: 0.2% (down from 0.5% in 3Q 2023). Revenue is forecast to grow 1.8% 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, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 30
Oriental Energy Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Oriental Energy Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.022 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.035 (up from CN¥0.022 in 2Q 2023). Revenue: CN¥7.26b (up 3.0% from 2Q 2023). Net income: CN¥54.5m (up 59% from 2Q 2023). Profit margin: 0.8% (up from 0.5% in 2Q 2023). Revenue is forecast to grow 4.7% 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, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Ankündigung • Jun 29
Oriental Energy Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Oriental Energy Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.033 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.035 (up from CN¥0.033 in 1Q 2023). Revenue: CN¥7.11b (flat on 1Q 2023). Net income: CN¥55.8m (up 7.5% from 1Q 2023). Profit margin: 0.8% (up from 0.7% in 1Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Apr 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Large one-off items impacting financial results. Ankündigung • Apr 19
Oriental Energy Co., Ltd., Annual General Meeting, May 10, 2024 Oriental Energy Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: CN¥0.096 (vs CN¥0.027 in FY 2022) Full year 2023 results: EPS: CN¥0.096 (up from CN¥0.027 in FY 2022). Revenue: CN¥27.1b (down 7.1% from FY 2022). Net income: CN¥150.5m (up 254% from FY 2022). Profit margin: 0.6% (up from 0.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 30
Oriental Energy Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Oriental Energy Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Ankündigung • Dec 29
Oriental Energy Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Oriental Energy Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.068 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.068 in 1Q 2022). Revenue: CN¥7.16b (up 2.5% from 1Q 2022). Net income: CN¥51.8m (down 51% from 1Q 2022). Profit margin: 0.7% (down from 1.5% in 1Q 2022). Revenue is expected to decline by 6.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in China are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.008 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.008 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥6.82b (down 5.2% from 3Q 2021). Net income: CN¥12.6m (down 94% from 3Q 2021). Profit margin: 0.2% (down from 2.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.24 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.025 (down from CN¥0.24 in 2Q 2021). Revenue: CN¥8.21b (up 18% from 2Q 2021). Net income: CN¥39.2m (down 90% from 2Q 2021). Profit margin: 0.5% (down from 5.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 10% compared to a 8.2% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.24 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.068 (down from CN¥0.24 in 1Q 2021). Revenue: CN¥6.99b (down 4.2% from 1Q 2021). Net income: CN¥106.7m (down 71% from 1Q 2021). Profit margin: 1.5% (down from 5.1% in 1Q 2021). Over the next year, revenue is expected to shrink by 11% compared to a 5.4% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Independent Director Xianglian Zhao is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥9.76, the stock trades at a forward P/E ratio of 10x. 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. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.92 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.21 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.19b (down 1.3% from 3Q 2020). Net income: CN¥206.1m (down 39% from 3Q 2020). Profit margin: 2.9% (down from 4.7% in 3Q 2020). 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 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.27 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥6.97b (down 2.0% from 2Q 2020). Net income: CN¥379.7m (down 10% from 2Q 2020). Profit margin: 5.4% (down from 5.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.77 (vs CN¥0.70 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥29.1b (down 37% from FY 2019). Net income: CN¥1.21b (up 9.6% from FY 2019). Profit margin: 4.2% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS CN¥0.76 (vs CN¥0.70 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥29.1b (down 37% from FY 2019). Net income: CN¥1.20b (up 9.1% from FY 2019). Profit margin: 4.1% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥12.64 The company is up 16% from its price of CN¥10.88 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥12.64, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15.4x. This compares to an average P/E of 17x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 19%. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 16% share price gain to CN¥12.35, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 15x. This compares to an average P/E of 18x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 12%. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥10.75 The company is up 5.0% from its price of CN¥10.28 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.20 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.12b, down 5.3% from the prior year. Total revenue was CN¥32.8b over the last 12 months, down 37% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥8.74 The company is down 1.0% from its price of CN¥8.79 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.23 per share. 
