Announcement • Jul 23
Jx Energy Ltd. Provides Earnings Guidance for the Six Months Ended 30 June 2026 JX Energy Ltd. provided earnings guidance for the six months ended 30 June 2026. For the period, the Company expects to record a net loss and comprehensive loss of approximately CAD2.8 million for the Period, representing a decrease of approximately 68% as compared to the net loss and comprehensive loss of approximately CAD8.9 million for the six months ended 30 June 2025 (the "Corresponding Period"). The expected narrowing of the loss for the Period is mainly attributable to the following: A decrease in operating costs of the Company of approximately CAD4.4 million, or approximately 54%, from approximately CAD 8.2 million for the Corresponding Period to approximately CAD 3.8 million for the Period, mainly as a result of the Company's continued cost control and optimisation measures at its production operations; A decrease in impairment recovery and write-offs of approximately CAD2.3 million, from approximately CAD 2.4 million for the Corresponding Period to approximately CAD 0.1 million for the Period; and A gain on disposal of assets of CAD 500,000 recorded for the Period, as compared to nil for the Corresponding Period. New Risk • Jul 20
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 12% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.1m free cash flow). Negative equity (-CA$27m). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (CA$7.0m revenue, or US$5.0m). Market cap is less than US$100m (HK$247.7m market cap, or US$31.6m). Announcement • May 22
JX Energy Ltd., Annual General Meeting, Jun 23, 2026 JX Energy Ltd., Annual General Meeting, Jun 23, 2026. Location: ca71535q1072, calgary, alberta t2p 0z3, Canada Reported Earnings • May 17
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$2.89m (up 6.0% from 1Q 2025). Net loss: CA$523.3k (loss narrowed 85% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 04
JX Energy Ltd. to Report Q1, 2026 Results on May 15, 2026 JX Energy Ltd. announced that they will report Q1, 2026 results on May 15, 2026 Reported Earnings • Mar 29
Full year 2025 earnings released: CA$0.04 loss per share (vs CA$0.04 loss in FY 2024) Full year 2025 results: CA$0.04 loss per share (in line with FY 2024). Revenue: CA$6.80m (up 39% from FY 2024). Net loss: CA$23.5m (loss widened 16% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Mar 17
JX Energy Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 JX Energy Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Mar 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$32m). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$6.0m revenue, or US$4.4m). Market cap is less than US$100m (HK$386.8m market cap, or US$49.5m). New Risk • Feb 05
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 Hong Kong stocks, typically moving 14% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-CA$32m). Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (CA$6.0m revenue, or US$4.4m). Market cap is less than US$100m (HK$160.5m market cap, or US$20.5m). Announcement • Dec 17
JX Energy Ltd. has withdrawn its Follow-on Equity Offering in the amount of HKD 3.460108 million. JX Energy Ltd. has withdrawn its Follow-on Equity Offering in the amount of HKD 3.460108 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 11,161,639
Price\Range: HKD 0.31 Reported Earnings • Nov 16
Third quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.008 loss in 3Q 2024) Third quarter 2025 results: CA$0.01 loss per share (further deteriorated from CA$0.008 loss in 3Q 2024). Revenue: CA$239.6k (up 15% from 3Q 2024). Net loss: CA$6.31m (loss widened 50% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Nov 04
JX Energy Ltd. to Report Nine Months, 2025 Results on Nov 14, 2025 JX Energy Ltd. announced that they will report nine months, 2025 results on Nov 14, 2025 New Risk • Sep 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$30m). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (CA$6.0m revenue, or US$4.3m). Market cap is less than US$100m (HK$221.2m market cap, or US$28.4m). Announcement • Sep 06
JX Energy Ltd. has filed a Follow-on Equity Offering in the amount of HKD 4.254113 million. JX Energy Ltd. has filed a Follow-on Equity Offering in the amount of HKD 4.254113 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,891,250
Price\Range: HKD 0.33
Discount Per Security: HKD 0.008 Reported Earnings • Aug 16
Second quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.008 loss in 2Q 2024) Second quarter 2025 results: CA$0.01 loss per share (further deteriorated from CA$0.008 loss in 2Q 2024). Revenue: CA$1.97m (up 148% from 2Q 2024). Net loss: CA$5.31m (loss widened 38% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Aug 15
JX Energy Ltd. has filed a Follow-on Equity Offering in the amount of HKD 3.390285 million. JX Energy Ltd. has filed a Follow-on Equity Offering in the amount of HKD 3.390285 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,775,884
Price\Range: HKD 0.436 Announcement • Aug 04
JX Energy Ltd. to Report First Half, 2025 Results on Aug 14, 2025 JX Energy Ltd. announced that they will report first half, 2025 results on Aug 14, 2025 Announcement • May 31
JX Energy Ltd., Annual General Meeting, Jun 30, 2025 JX Energy Ltd., Annual General Meeting, Jun 30, 2025. Location: suite 900, 717 7th avenue sw, alberta t2p 0z3, calgary, Canada Reported Earnings • May 17
First quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.007 loss in 1Q 2024) First quarter 2025 results: CA$0.01 loss per share (further deteriorated from CA$0.007 loss in 1Q 2024). Revenue: CA$2.72m (down 3.8% from 1Q 2024). Net loss: CA$3.58m (loss widened 4.3% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Board Change • May 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim CEO & Executive Chairman Yongtan Liu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
JX Energy Ltd. to Report Q1, 2025 Results on May 14, 2025 JX Energy Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Apr 01
Full year 2024 earnings released: CA$0.04 loss per share (vs CA$0.047 loss in FY 2023) Full year 2024 results: CA$0.04 loss per share (improved from CA$0.047 loss in FY 2023). Revenue: CA$4.90m (down 61% from FY 2023). Net loss: CA$20.3m (loss narrowed 4.2% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
JX Energy Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 JX Energy Ltd. announced that they will report fiscal year 2024 results at 9:30 AM, China Standard Time on Mar 28, 2025 New Risk • Mar 03
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 Hong Kong stocks, typically moving 16% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-CA$11m). Minor Risks Revenue is less than US$5m (CA$6.5m revenue, or US$4.5m). Market cap is less than US$100m (HK$78.4m market cap, or US$10.1m). New Risk • Feb 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$66.9m (US$8.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Negative equity (-CA$11m). Market cap is less than US$10m (HK$66.9m market cap, or US$8.60m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$6.5m revenue, or US$4.6m). Board Change • Feb 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Executive Chairman Yongtan Liu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 22
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Executive Chairman Yongtan Liu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Executive Chairman Yongtan Liu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 24
JX Energy Ltd. Announces Board and Committee Changes The board of directors of JX Energy Ltd. hereby announced that, with effect from 24 December 2024, (i) Mr. Larry Grant Smith ("Mr. Smith") has tendered his resignation as an independent non-executive Director, the chairman and a member of the remuneration committee of the Company (the "Remuneration Committee") and a member of the audit and risk committee of the Company (the "Audit and Risk Committee") and a member of the nomination committee of the Company (the "Nomination Committee"); and (ii) Mr. Clement Ka Hai Hung ("Mr. Hung") has tendered his resignation as an independent non-executive Director, the chairman and a member of the Audit and Risk Committee and a member of the Nomination Committee, as each of them would like to devote more time to pursue their personal business ventures. Following their resignations, each of Mr. Smith and Mr. Hung will no longer hold any position in the Company. The Board announced that, with effect from 24 December 2024, Ms. Kit Man TO ("Ms. To") has been appointed as an independent non-executive Director, and Ms. Jai WEI ("Ms. Wei") has been appointed as an independent non-executive Director. Ms. To, aged 55, is an executive director and the company secretary of Shun Wo Group Holdings Limited ("Shun Wo Group"), a company whose shares are listed on the Main Board of the Stock Exchange (stock code: 1591). In her current role, she is responsible for managing all aspects of corporate governance and ensuring compliance with legal and regulatory requirements and manages Shun Wo Group's accounting, treasury and tax functions. Previously, Ms. To has held various audit, accounting and finance positions with over 20 years of experience. From December 2019 to January 2021, Ms. To served as the audit principal of Tyrone Chiu C.P.A. Limited. From September 2005 to November 2019, she worked as an assistant financial controller of Rosedale Group Management Limited, a subsidiary of GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED (formerly known as Rosedale Hotel Holdings Limited), a company whose shares are listed on the Main Board of the Stock Exchange (stock code: 1189). Ms. To holds a master's degree of finance from Curtin University in Australia. She is a member of The Hong Kong Institute of Certified Public Accountants and a fellow member of Association of Chartered Certified Accountants. Ms. Wei, aged 53, is an accomplished finance and banking professional with over 15 years of experience in corporate banking, internal audits, compliance, and credit management. Since 2019, Ms. Wei has been conducting comprehensive research on the logistics, regulatory environment, and operational models related to the export of LNG from Canada to Asia. From 2012 to 2018, she worked as an international trade professional specializing in facilitating international trade between Canada and China, focusing on agricultural commodities developing an understanding of global supply chains and trade regulations that are transferrable to the energy sector. Ms. Wei worked in China as an internal audit officer from 2002 to 2011 and a corporate banking officer from 1998 to 2002 for CITIC Bank, and as a branch director for Fushun Commercial Bank from 1993 to 1998. Ms. Wei graduated in 1993 from the Shenyang University of Technology in the People's Republic of China with a bachelor's degree in industrial financial accounting. The Board announced that, with effect from 24 December 2024, (i) Ms. To has been appointed as the chairman and a member of the Audit and Risk Committee and a member of the Nomination Committee; (ii) Ms. Wei has been appointed as the chairman and a member of the Remuneration Committee and a member of the Audit and Risk Committee and the Nomination Committee. New Risk • Nov 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$68.5m (US$8.80m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Negative equity (-CA$11m). Market cap is less than US$10m (HK$68.5m market cap, or US$8.80m). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (CA$6.5m revenue, or US$4.6m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.006 loss in 3Q 2023) Third quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.006 loss in 3Q 2023). Revenue: CA$206.6k (down 94% from 3Q 2023). Net loss: CA$4.21m (loss widened 47% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
JX Energy Ltd. to Report Nine Months, 2024 Results on Nov 07, 2024 JX Energy Ltd. announced that they will report nine months, 2024 results on Nov 07, 2024 New Risk • Sep 24
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 9.8% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.6m free cash flow). Negative equity (-CA$9.2m). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (HK$87.8m market cap, or US$11.3m). New Risk • Sep 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$69.0m (US$8.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.6m free cash flow). Negative equity (-CA$9.2m). Market cap is less than US$10m (HK$69.0m market cap, or US$8.86m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • Aug 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$794.3k (down 74% from 2Q 2023). Net loss: CA$3.85m (loss widened 96% from 2Q 2023). Announcement • Aug 02
JX Energy Ltd. to Report First Half, 2024 Results on Aug 14, 2024 JX Energy Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 Announcement • May 31
JX Energy Ltd., Annual General Meeting, Jun 28, 2024 JX Energy Ltd., Annual General Meeting, Jun 28, 2024. Location: suite 900, 717 7th avenue sw, alberta, t2p 0z3, calgary Canada Announcement • May 30
JX Energy Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.26 million. JX Energy Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.26 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: HKD 0.22 New Risk • May 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$20k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$20k free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Negative equity (-CA$7.1m). Minor Risks Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (HK$93.1m market cap, or US$11.9m). Announcement • May 05
JX Energy Ltd. to Report Q1, 2024 Results on May 14, 2024 JX Energy Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Apr 20
Full year 2023 earnings released: CA$0.05 loss per share (vs CA$0.008 loss in FY 2022) Full year 2023 results: CA$0.05 loss per share (further deteriorated from CA$0.008 loss in FY 2022). Net loss: CA$21.1m (loss widened 491% from FY 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 19
JX Energy Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 JX Energy Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Mar 15
JX Energy Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.26 million. JX Energy Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.26 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: HKD 0.22 Announcement • Feb 09
JX Energy Ltd. announced that it has received CAD 1.2669 million in funding On February 8, 2024, JX Energy Ltd. closed the transaction. New Risk • Nov 14
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 Hong Kong stocks, typically moving 15% 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 (15% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (HK$151.8m market cap, or US$19.4m). Announcement • Oct 31
JX Energy Ltd. to Report Nine Months, 2023 Results on Nov 09, 2023 JX Energy Ltd. announced that they will report nine months, 2023 results on Nov 09, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.013 profit in 2Q 2022) Second quarter 2023 results: CA$0.005 loss per share (down from CA$0.013 profit in 2Q 2022). Revenue: CA$2.92m (down 62% from 2Q 2022). Net loss: CA$1.97m (down 137% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (HK$121.9m market cap, or US$15.6m). Announcement • Aug 12
JX Energy Ltd. has completed a Follow-on Equity Offering in the amount of HKD 11.1 million. JX Energy Ltd. has completed a Follow-on Equity Offering in the amount of HKD 11.1 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: HKD 1.11
Discount Per Security: HKD 0.01
Transaction Features: Subsequent Direct Listing Announcement • Aug 04
JX Energy Ltd. to Report First Half, 2023 Results on Aug 15, 2023 JX Energy Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • Aug 02
JX Energy Ltd. Announces Board Changes, Effective 1 August 2023 The board of directors of JX Energy Ltd. announces that, with effect from 1 August 2023, (i) The Honourable Mr. Richard Dale Orman ("Mr. Orman'') has tendered his resignation as an independent non-executive Director, the chairman and a member of the remuneration committee of the Company (the "Remuneration Committee'') and a member of the audit and risk committee of the Company (the "Audit and Risk Committee''); and (ii) Mr. Peter David Robertson ("Mr. Robertson'') has tendered his resignation as an independent non-executive Director, the chairman and a member of the Audit and Risk Committee and a member of the nomination committee of the Company (the "Nomination Committee''), as each of them would like to devote more time to pursue their personal business ventures. The Board announce that, with effect from 1 August 2023, Mr. Clement Ka Hai Hung (formerly known as Hung Yu Sum Clement ("Mr. Hung'') has been appointed as an independent non-executive Director, and Mr. Zhanpeng Kong ("Mr. Kong'') has been appointed as an independent non-executive Director. Mr. Hung, aged 68, had served Deloitte China for 31 years where he had assumed various leadership roles before he took up the chairman role of Deloitte China from 2014 to 2016. He retired from the chairman role of Deloitte China with effect from June 2016. While working with Deloitte China, Mr. Hung had assumed various leadership roles, including acting as the office managing partner of Deloitte Shenzhen office and Guangzhou office, a member of the China management team of Deloitte China,southern audit leader and deputy managing partner of the southern region of Deloitte China (including the regions of Hong Kong, Macau, Shenzhen, Guangzhou and Xiamen). Mr. Hung obtained a bachelor of arts degree in accountancy studies from the University Huddersfield, United Kingdom in July 1980. Mr. Hung was appointed as (i) an honourary consultant of the Hong Kong Business Accountants Association in July 2014; (ii) an honourary member of the Shenzhen Institute of Certified Public Accountants in January 2004; (iii) a consultant of the Guangzhou Institute of Certified Public Accountants in August 2004; (iv) a member of the Shenzhen Luohu Committee of the Chinese People's Political Consultative Conference in January 2006; and (v) a consultant of the Ministry of Finance of the People's Republic of China in June 2016. Mr. Hung is a life member of The Institute of Chartered Accountants in England and Wales. Mr. Hung is serving as a director of each of the following companies whose shares are listed on the Stock Exchange: an independent non-executive director of Gome Finance Technology Co. Ltd. since 31 October 2016; a non-executive director of High Fashion International Limited since 1 December 2017; an independent non-executive director of China East Education Holdings Limited since 25 November 2018; an independent non-executive director of Aoyuan Healthy Life Group Company Limited since 22 February 2019; an independent non-executive director of Huarong International Financial Holdings Limited since 13 December 2019; an independent non-executive director of Hong Kong Aerospace Technology Group Limited since 16 July 2023; and an independent non-executive director of Skyworth Group Limited since 18 March 2020. Mr. Hung has served, in the past three years, as a director of each of the following companies: an independent non-executive director of Tibet Water Resources Ltd. December 2019 to 30 June 2021; and an independent non-executive director of SY Holdings Group Limited from 19 June 2017 to 15 July 2022. Biographical details of Mr. Kong: Mr. Kong, aged 59, served as the chief executive officer of Global Bio-chem Technology Group Company Limited, a company whose shares are listed on the Main Board of the Stock Exchange, from October 2015 to October 2018. Previously, he served as the chairman and an executive director of Global Sweeteners Holdings Limited, a company whose shares are listed on theMain Board of the Stock Exchange, from September 2007 to December 2018, and as its chief executive officer from May 2014 to October 2015. Mr. Kong graduated from the China Textile University with a bachelor's degree in textile engineering in July 1985 and a diploma in international trade from the China Textile University in July 1986. The Board announces that, with effect from 1 August 2023, (i) Mr. Hung has been appointed as the chairman and a member of the Audit and Risk Committee and a member of the Nomination Committee;(ii) Mr. Kong has been appointed as a member of the Audit and Risk Committee and the Remuneration Committee; and (iii) Mr. Larry Grant Smith has been appointed as the chairman of the Remuneration Committee. Announcement • May 19
JX Energy Ltd., Annual General Meeting, Jun 30, 2023 JX Energy Ltd., Annual General Meeting, Jun 30, 2023. Reported Earnings • May 13
First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.008 profit in 1Q 2022) First quarter 2023 results: CA$0.005 loss per share (down from CA$0.008 profit in 1Q 2022). Revenue: CA$3.44m (down 36% from 1Q 2022). Net loss: CA$2.10m (down 170% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2022 earnings released: CA$0.01 loss per share (vs CA$0.013 loss in FY 2021) Full year 2022 results: CA$0.01 loss per share (improved from CA$0.013 loss in FY 2021). Revenue: CA$22.4m (up 17% from FY 2021). Net loss: CA$3.58m (loss narrowed 26% from FY 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be HK$0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jan 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be HK$0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Dec 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be HK$0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 16
Third quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0.004 profit in 3Q 2021) Third quarter 2022 results: CA$0.008 loss per share (down from CA$0.004 profit in 3Q 2021). Revenue: CA$4.07m (down 12% from 3Q 2021). Net loss: CA$1.60m (down 207% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.005 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.01 (up from CA$0.005 loss in 2Q 2021). Revenue: CA$7.68m (up 57% from 2Q 2021). Net income: CA$5.36m (up CA$7.28m from 2Q 2021). Profit margin: 70% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Aug 03
JX Energy Ltd. to Report Q2, 2022 Results on Aug 11, 2022 JX Energy Ltd. announced that they will report Q2, 2022 results on Aug 11, 2022 Announcement • May 24
Persta Resources Inc., Annual General Meeting, Jun 22, 2022 Persta Resources Inc., Annual General Meeting, Jun 22, 2022, at 09:00 Mountain Daylight. Location: Suite 3600, 888-3rd Street SW Calgary Alberta Canada Agenda: To receive the audited financial statements of the company as at and for the year ended December 31, 2021 together with the report of the auditors thereon; to fix the number of directors of the company to be elected at the Meeting at five; to consider and, if thought advisable, to elect, each as a separate resolution, the following directors of the company for the ensuing year: Mr. Yongtan Liu as an executive director of the company; Mr. Pingzai Wang as an executive director of the company; Mr. Richard Dale Orman as an independent non-executive director of the company; Mr. Larry Grant Smith as an independent non-executive director of the company; and Mr. Peter David Robertson as an independent non-executive director of the company; and to consider other matters. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.008 loss in 1Q 2021) First quarter 2022 results: EPS: CA$0.01 (up from CA$0.008 loss in 1Q 2021). Revenue: CA$5.25m (up 27% from 1Q 2021). Net income: CA$3.00m (up CA$5.84m from 1Q 2021). Profit margin: 57% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2021 earnings released: CA$0.01 loss per share (vs CA$0.072 loss in FY 2020) Full year 2021 results: CA$0.01 loss per share (up from CA$0.072 loss in FY 2020). Revenue: CA$18.8m (up 46% from FY 2020). Net loss: CA$4.81m (loss narrowed 78% from FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS CA$0.006 (vs CA$0.011 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$4.52m (up 62% from 3Q 2020). Net income: CA$1.51m (up CA$4.97m from 3Q 2020). Profit margin: 33% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.005 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CA$4.84m (up 35% from 2Q 2020). Net loss: CA$1.93m (loss widened 23% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 18
First quarter 2021 earnings released: CA$0.008 loss per share (vs CA$0.011 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$4.13m (up 67% from 1Q 2020). Net loss: CA$2.84m (loss narrowed 14% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 02
Full year 2020 earnings released: CA$0.08 loss per share (vs CA$0.17 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$12.5m (up 6.1% from FY 2019). Net loss: CA$24.3m (loss narrowed 52% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Announcement • Mar 20
Persta Resources Inc. to Report Fiscal Year 2020 Results on Mar 31, 2021 Persta Resources Inc. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 08
New 90-day low: HK$0.28 The company is down 8.0% from its price of HK$0.30 on 10 November 2020. The Hong Kong 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 8.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: HK$0.36 The company is up 9.0% from its price of HK$0.33 on 17 September 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 Oil and Gas industry, which is down 1.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: CA$0.01 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: CA$2.79m (up 83% from 3Q 2019). Net loss: CA$3.46m (loss widened 14% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 11
New 90-day high: HK$0.34 The company is up 6.0% from its price of HK$0.33 on 13 August 2020. The Hong Kong market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Oil and Gas industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day low: HK$0.28 The company is down 26% from its price of HK$0.38 on 09 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 13% over the same period. Announcement • Aug 06
Persta Resources Inc. to Report First Half, 2020 Results on Aug 14, 2020 Persta Resources Inc. announced that they will report first half, 2020 results on Aug 14, 2020 Announcement • Jul 06
Persta Resources Inc. to Report Q1, 2020 Results on Jun 29, 2020 Persta Resources Inc. announced that they will report Q1, 2020 results on Jun 29, 2020 
