Yuan Heng Gas Holdings Ltd (0332) AI Stock Analysis

• Market Cap: HK$130.91M
• Dividend Yield: N/A
• Average Volume (3M): 3.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: -83.92%
• EPS Growth: -1032.60%
• Country: HK
• Employees: 283
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -0.30
• Shares Outstanding: 6,545,621,000
• 10 Day Avg. Volume: 3,292,400
• 30 Day Avg. Volume: 3,163,653
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.17
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -21.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by significant financial challenges, including declining revenue, negative equity, and liquidity issues. Technical analysis indicates bearish momentum, and valuation metrics are unfavorable due to negative profitability. These factors collectively suggest a high-risk investment.

Yuan Heng Gas Holdings Ltd Business Overview & Revenue Model

Company Description

Yuan Heng Gas Holdings Ltd (0332) is a Hong Kong-based company primarily engaged in the natural gas distribution and related services. The company operates in the energy sector, focusing on the supply and distribution of city gas to residential, industrial, and commercial customers. Yuan Heng is involved in the development and operation of gas pipelines and facilities, ensuring a reliable supply of natural gas while also providing ancillary services to enhance customer experience.

How the Company Makes Money

Yuan Heng Gas Holdings Ltd generates revenue primarily through the sale of natural gas to its customers, which includes residential, commercial, and industrial sectors. The company earns revenue from the distribution of gas through its extensive pipeline network, often regulated by government tariffs. Additionally, Yuan Heng may earn income from the construction and installation of gas infrastructure, as well as from maintenance services. Strategic partnerships with local governments and other stakeholders in the energy sector also contribute to its revenue, ensuring stable demand and potential expansion opportunities.

Yuan Heng Gas Holdings Ltd Financial Statement Overview

Summary

Yuan Heng Gas Holdings Ltd faces significant financial challenges. The income statement shows declining revenue and profitability, the balance sheet indicates a weak financial structure with negative equity, and cash flow analysis reveals liquidity issues. These factors suggest the company is under financial stress.

Income Statement

Yuan Heng Gas Holdings Ltd has experienced declining revenue and profitability. The company reported a significant revenue decrease of 6.38% in the latest year, with negative EBIT and net income margins indicating operational challenges. The gross profit margin has also decreased over time, reflecting pressure on cost management and pricing power.

Balance Sheet

The balance sheet shows a concerning financial structure with negative stockholders' equity, indicating potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, and the return on equity is negative, reflecting poor profitability. The equity ratio is also negative, highlighting a weak financial position.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows. The company has experienced a dramatic decline in free cash flow growth, and the ratios of operating and free cash flow to net income are negative, indicating cash flow issues and potential liquidity constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	862.86M	807.82M	4.97B	1.95B	2.37B	1.77B
Gross Profit	56.47M	44.04M	76.73M	167.07M	227.45M	234.88M
EBITDA	-167.39M	-1.86B	-56.69M	215.67M	273.69M	269.79M
Net Income	-309.30M	-1.92B	-164.91M	27.39M	64.39M	2.36M
Balance Sheet
Total Assets	3.19B	1.70B	3.29B	3.81B	3.43B	3.56B
Cash, Cash Equivalents and Short-Term Investments	5.25M	10.50M	10.69M	78.18M	129.68M	53.87M
Total Debt	1.30B	1.30B	1.37B	1.28B	1.12B	1.21B
Total Liabilities	1.99B	2.78B	1.98B	2.32B	1.92B	2.14B
Stockholders Equity	1.10B	-1.09B	1.23B	1.39B	1.37B	1.30B
Cash Flow
Free Cash Flow	-158.94M	-8.71M	-413.55M	83.26M	243.62M	32.40M
Operating Cash Flow	-151.78M	-7.44M	-406.39M	116.02M	276.36M	48.04M
Investing Cash Flow	307.80M	-330.00K	308.51M	-252.71M	-35.61M	468.08M
Financing Cash Flow	-169.16M	5.32M	35.86M	86.27M	-163.86M	-500.19M

Yuan Heng Gas Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0332, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.58 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0332.

Yuan Heng Gas Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0603	70 Outperform	HK$911.87M	6.56	4.05%	―	-12.48%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
2337	55 Neutral	HK$719.04M	19.71	7.01%	2.31%	-13.08%	-43.83%
0931	47 Neutral	HK$3.38B	-28.44	-80.73%	―	57.62%	32.20%
2728	45 Neutral	HK$129.20M	―	-25.25%	―	-0.55%	-340.00%
0332	41 Neutral	HK$130.91M	-0.06	-2465.61%	―	-83.92%	-1032.60%

Yuan Heng Gas Holdings Ltd Corporate Events

Yuan Heng Gas Holdings Ltd Secures Shareholder Approval for Key Resolutions at AGM

Yuan Heng Gas Holdings Ltd announced the successful passage of all resolutions at its Annual General Meeting held on September 29, 2025. The resolutions included the adoption of financial statements, re-election of directors, appointment of auditors, and granting of mandates for share issuance and buy-back, reflecting strong shareholder support and potentially enhancing the company’s operational flexibility and market positioning.

Yuan Heng Gas Holdings Faces Auditor Disclaimer Amidst Strategic Optimizations

Yuan Heng Gas Holdings Ltd has received a disclaimer of opinion from its auditors for the second consecutive year due to multiple uncertainties related to the company’s going concern status. The company is implementing measures to optimize its operational strategy, which have begun to show positive results in reducing operating losses. Additionally, ongoing negotiations with creditors have prevented enforcement actions that could jeopardize control over key assets. A legal action against Guizhou Gas Group Corporation Ltd resulted in a judgment against Yuan Heng’s subsidiary, but the company is considering further legal options.

Yuan Heng Gas Holdings Announces Board Composition and Roles

Yuan Heng Gas Holdings Ltd has announced the composition of its board of directors and the roles they will serve within the company. The board includes executive directors and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement outlines the governance structure of the company, potentially impacting its strategic direction and operational oversight.

Yuan Heng Gas Announces Board Reshuffle Following Director Resignation

Yuan Heng Gas Holdings Ltd announced the resignation of Mr. Wong Chi Keung from his roles as an independent non-executive director and chairman of several board committees due to work arrangements, effective August 1, 2025. The company has appointed new chairpersons for the audit, nomination, and remuneration committees, indicating a strategic reshuffle in its board composition.

Yuan Heng Gas Holdings Ltd Announces 2025 Annual General Meeting

Yuan Heng Gas Holdings Ltd has announced its upcoming annual general meeting scheduled for September 29, 2025, in Hong Kong. The meeting will address ordinary business matters such as the adoption of financial statements, re-election of directors, and appointment of auditors. Additionally, the meeting will consider resolutions to authorize the board to allot and issue shares, which could impact the company’s capital structure and market positioning.