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China Primary Energy Holdings

SEHK:8117
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8117
SEHK
HK$302M
Market Cap
  1. Home
  2. HK
  3. Utilities
Company description

China Primary Energy Holdings Limited, an investment holding company, primarily engages in the transmission and distribution of natural gas in the People’s Republic of China. The last earnings update was 41 days ago. More info.


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  • China Primary Energy Holdings has significant price volatility in the past 3 months.
8117 Share Price and Events
7 Day Returns
20%
SEHK:8117
1.7%
HK Gas Utilities
3.9%
HK Market
1 Year Returns
-63.4%
SEHK:8117
5.7%
HK Gas Utilities
-9.3%
HK Market
8117 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Primary Energy Holdings (8117) 20% -23.1% -21.1% -63.4% -69.4% -9.1%
HK Gas Utilities 1.7% 3% 3.2% 5.7% 74.8% 35.4%
HK Market 3.9% 3.5% -3.6% -9.3% 24.9% 7.4%
1 Year Return vs Industry and Market
  • 8117 underperformed the Gas Utilities industry which returned 5.7% over the past year.
  • 8117 underperformed the Market in Hong Kong which returned -9.3% over the past year.
Price Volatility
8117
Industry
5yr Volatility vs Market

Value

 Is China Primary Energy Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for China Primary Energy Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$0.3.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Primary Energy Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Primary Energy Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8117 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.00
SEHK:8117 Share Price ** SEHK (2019-06-24) in HKD HK$0.3
Hong Kong Gas Utilities Industry PE Ratio Median Figure of 13 Publicly-Listed Gas Utilities Companies 17.1x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Primary Energy Holdings.

SEHK:8117 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8117 Share Price ÷ EPS (both in HKD)

= 0.3 ÷ 0.00

-331.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Primary Energy Holdings is loss making, we can't compare its value to the HK Gas Utilities industry average.
  • China Primary Energy Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Primary Energy Holdings's expected growth come at a high price?
Raw Data
SEHK:8117 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -331.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Gas Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 1.25x
Hong Kong Market PEG Ratio Median Figure of 469 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Primary Energy Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Primary Energy Holdings's assets?
Raw Data
SEHK:8117 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.39
SEHK:8117 Share Price * SEHK (2019-06-24) in HKD HK$0.3
Hong Kong Gas Utilities Industry PB Ratio Median Figure of 14 Publicly-Listed Gas Utilities Companies 1.38x
Hong Kong Market PB Ratio Median Figure of 2,172 Publicly-Listed Companies 0.94x
SEHK:8117 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8117 Share Price ÷ Book Value per Share (both in HKD)

= 0.3 ÷ 0.39

0.76x

* Primary Listing of China Primary Energy Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Primary Energy Holdings is good value based on assets compared to the HK Gas Utilities industry average.
X
Value checks
We assess China Primary Energy Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. China Primary Energy Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is China Primary Energy Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Primary Energy Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected Gas Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Primary Energy Holdings expected to grow at an attractive rate?
  • Unable to compare China Primary Energy Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Primary Energy Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare China Primary Energy Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8117 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Hong Kong Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:8117 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8117 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8117 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 129 -1
2018-12-31 144 -20 -8
2018-09-30 147 -8
2018-06-30 131 -47 -11
2018-03-31 136 -14
2017-12-31 153 29 -18
2017-09-30 183 -49
2017-06-30 190 66 -60
2017-03-31 191 -61
2016-12-31 183 11 -60
2016-09-30 190 -97
2016-06-30 199 -62 -93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Primary Energy Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if China Primary Energy Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:8117 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Primary Energy Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8117 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8117 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.00
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.05
2017-06-30 -0.06
2017-03-31 -0.07
2016-12-31 -0.06
2016-09-30 -0.10
2016-06-30 -0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China Primary Energy Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. China Primary Energy Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Utilities companies here
  2. China Primary Energy Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China Primary Energy Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Primary Energy Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has China Primary Energy Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Primary Energy Holdings's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Primary Energy Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare China Primary Energy Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Primary Energy Holdings's 1-year growth to the HK Gas Utilities industry average as it is not currently profitable.
Earnings and Revenue History
China Primary Energy Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Primary Energy Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8117 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 128.50 -0.93 26.24
2018-12-31 143.86 -7.72 28.17
2018-09-30 146.98 -8.21 29.85
2018-06-30 130.88 -11.00 32.83
2018-03-31 136.18 -13.75 35.58
2017-12-31 152.53 -18.29 36.21
2017-09-30 183.14 -49.39 43.02
2017-06-30 189.85 -59.68 44.13
2017-03-31 190.69 -60.95 44.88
2016-12-31 182.80 -59.57 46.34
2016-09-30 189.58 -97.39 46.13
2016-06-30 199.00 -93.48 44.19
2016-03-31 176.86 -90.66 41.84
2015-12-31 162.43 -91.32 37.11
2015-09-30 145.73 -55.67 30.75
2015-06-30 131.68 -50.35 26.51
2015-03-31 110.53 -48.81 23.53
2014-12-31 88.43 -46.61 20.94
2014-09-30 63.39 -48.87 19.62
2014-06-30 39.30 -48.84 18.16
2014-03-31 30.26 -46.92 15.64
2013-12-31 29.94 -44.58 14.94
2013-09-30 28.95 -82.56 33.34
2013-06-30 38.22 -81.83 33.20
2013-03-31 41.67 -81.70 33.35
2012-12-31 39.19 -76.55 33.03
2012-09-30 59.36 -47.54 12.99
2012-06-30 58.27 -46.66 12.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if China Primary Energy Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • China Primary Energy Holdings used its assets less efficiently than the HK Gas Utilities industry average last year based on Return on Assets.
  • It is difficult to establish if China Primary Energy Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China Primary Energy Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Primary Energy Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is China Primary Energy Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Primary Energy Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Primary Energy Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Primary Energy Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Primary Energy Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Primary Energy Holdings Company Filings, last reported 2 months ago.

SEHK:8117 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 423.03 76.27 38.89
2018-12-31 423.03 66.58 38.89
2018-09-30
2018-06-30 389.66 44.27 25.00
2018-03-31 344.21 67.55 11.24
2017-12-31 344.21 49.83 11.24
2017-09-30
2017-06-30 322.06 91.25 52.93
2017-03-31 315.69 53.35 18.77
2016-12-31 315.69 37.39 18.77
2016-09-30
2016-06-30 365.45 39.97 29.93
2016-03-31 388.05 56.12 63.94
2015-12-31 388.05 41.77 63.94
2015-09-30
2015-06-30 376.37 96.36 135.98
2015-03-31 246.35 38.48 8.83
2014-12-31 246.35 37.48 8.83
2014-09-30
2014-06-30 275.01 253.25 43.05
2014-03-31 247.98 246.25 21.64
2013-12-31 247.98 246.25 21.64
2013-09-30
2013-06-30 273.14 246.55 4.62
2013-03-31 283.70 246.25 9.05
2012-12-31 283.70 246.25 9.05
2012-09-30
2012-06-30 343.46 246.25 5.97
  • China Primary Energy Holdings's level of debt (18%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (99.2% vs 18% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • China Primary Energy Holdings has less than a year of cash runway based on current free cash flow.
  • China Primary Energy Holdings has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.9% each year.
X
Financial health checks
We assess China Primary Energy Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Primary Energy Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is China Primary Energy Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Primary Energy Holdings dividends.
If you bought HK$2,000 of China Primary Energy Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Primary Energy Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Primary Energy Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:8117 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:8117 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China Primary Energy Holdings has not reported any payouts.
  • Unable to verify if China Primary Energy Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Primary Energy Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Primary Energy Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Primary Energy Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Primary Energy Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Primary Energy Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of China Primary Energy Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • China Primary Energy Holdings has no CEO, or we have no data on them.
Management Team

Zheng Ma

TITLE
Executive Chairman
COMPENSATION
HK$1M
AGE
52

Pui Yiu Wong

TITLE
Compliance Officer & Executive Director
COMPENSATION
HK$956K
AGE
55
TENURE
10.9 yrs

Max Wong

TITLE
Financial Controller & Company Secretary
AGE
47

Simon Wong

TITLE
Chief Technical Officer
AGE
46

Rennie Sha

TITLE
Chief Marketing Officer
AGE
45
Board of Directors Tenure

Average tenure and age of the China Primary Energy Holdings board of directors in years:

11.3
Average Tenure
51
Average Age
  • The average tenure for the China Primary Energy Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Zheng Ma

TITLE
Executive Chairman
COMPENSATION
HK$1M
AGE
52
TENURE
11.6 yrs

Pui Yiu Wong

TITLE
Compliance Officer & Executive Director
COMPENSATION
HK$956K
AGE
55
TENURE
11.3 yrs

Terence Wan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$207K
AGE
54
TENURE
15.3 yrs

Chin Keung Chung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$207K
AGE
50
TENURE
11.3 yrs

Xiao Bing Wang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$207K
AGE
50
TENURE
7.3 yrs

Jianghua Ji

TITLE
Non-Executive Director
COMPENSATION
HK$110K
AGE
38
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Primary Energy Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Primary Energy Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is China Primary Energy Holdings Limited's (HKG:8117) Balance Sheet A Threat To Its Future?

China Primary Energy Holdings Limited (HKG:8117) is a small-cap stock with a market capitalization of HK$379m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

How Much Of China Primary Energy Holdings Limited (HKG:8117) Do Insiders Own?

If you want to know who really controls China Primary Energy Holdings Limited (HKG:8117), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$492m, China Primary Energy Holdings is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for China Primary Energy Holdings

Simply Wall St -

Do Directors Own China Primary Energy Holdings Limited (HKG:8117) Shares?

Every investor in China Primary Energy Holdings Limited (HKG:8117) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$727m, China Primary Energy Holdings is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for China Primary Energy Holdings

Simply Wall St -

Who Owns Most Of China Primary Energy Holdings Limited (HKG:8117)?

Today, I will be analyzing China Primary Energy Holdings Limited’s (HKG:8117) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … See our latest analysis for China Primary Energy Holdings

Simply Wall St -

What Kind Of Risk Should You Expect For China Primary Energy Holdings Limited (HKG:8117)?

There are two types of risks that affect the market value of a listed company such as 8117. … China Primary Energy Holdings's beta of 0.22 indicates that the stock value will be less variable compared to the whole stock market. … 8117’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio.

Simply Wall St -

Is China Primary Energy Holdings Limited's (HKG:8117) Balance Sheet A Threat To Its Future?

With this growth in debt, 8117 currently has HK$11.24M remaining in cash and short-term investments for investing into the business. … Risk around debt is very low for 8117, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: 8117 has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level. … But, as shareholders, you should try and determine whether this level of debt is justified for 8117, especially if meeting short-term obligations could also bring about issues.

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Did China Primary Energy Holdings Limited's (HKG:8117) Earnings Growth Outperform The Industry?

Check out our latest analysis for China Primary Energy Holdings Commentary On 8117's Past Performance To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … SEHK:8117 Income Statement Apr 3rd 18 We can further analyze China Primary Energy Holdings's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years China Primary Energy Holdings's top-line has grown by 21.22% on average, indicating that the company is in a high-growth period with expenses racing ahead revenues, leading to annual losses.

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Who Are The Top Investors In China Primary Energy Holdings Limited (HKG:8117)?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another group of owners that a potential investor in 8117 should consider are private companies, with a stake of 25.12%. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

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What Kind Of Risk And Return Should You Expect For China Primary Energy Holdings Limited (HKG:8117)?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Based on this beta value, 8117 appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … 8117, with its market capitalisation of HK$902.97M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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China Primary Energy Holdings Limited (HKG:8117): Time For A Financial Health Check

At this stable level of debt, 8117 currently has HK$18.8M remaining in cash and short-term investments for investing into the business. … Additionally, 8117 has generated cash from operations of HK$11.2M in the last twelve months, resulting in an operating cash to total debt ratio of 20.94%, indicating that 8117’s debt is appropriately covered by operating cash. … While 8117 has sustained a reasonable level of debt and cash flow coverage , its lack of liquidity means raising debt could prevent any short-term operational hiccup should adverse events arise.

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Company Info

Description

China Primary Energy Holdings Limited, an investment holding company, primarily engages in the transmission and distribution of natural gas in the People’s Republic of China. The company operates through four segments: Manufacture and Sale of PE pipes, Transmission and Distribution of Natural Gas, Trading of Electronic Components, and Property Investment. It also engages in the development and use of energy technology, as well as provides promotion and technical consulting services. In addition, the company trades in composite materials. It serves government and public entities, or their suppliers. The company was formerly known as China Primary Resources Holdings Limited. China Primary Energy Holdings Limited was incorporated in 2001 and is headquartered in Tsim Sha Tsui, Hong Kong.

Details
Name: China Primary Energy Holdings Limited
8117
Exchange: SEHK
Founded: 2001
HK$302,076,294
1,023,987,439
Website: http://china-p-energy.etnet.com.hk
Address: China Primary Energy Holdings Limited
Ocean Centre,
Suite 701,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8117 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Dec 2001
SEHK 8117 HKD0.0625 The Stock Exchange of Hong Kong Ltd. HK HKD 24. Jun 2019
Number of employees
Current staff
Staff numbers
161
China Primary Energy Holdings employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 12:49
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2018/03/22
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.