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Yuan Heng Gas Holdings Ltd (0332) AI Stock Analysis

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HK:0332

Yuan Heng Gas Holdings Ltd

(HKEX:0332)

Select Model
Rating:39Underperform
Price Target:HKD 0.13â–¼(-2.26% Downside)
Action:reiterated
Date:11/03/26

The score is primarily constrained by severe financial weakness, especially negative equity, high debt, declining revenue, and ongoing losses. Weak technical momentum and the negative P/E ratio provide additional downside signals, while oversold indicators and improving cash flow offer only limited support.

Positive Factors
Established LPG distribution modelThe established downstream LPG model gives the company a defined operating role serving customers through product sales, distribution, and related services. This provides a platform for recurring commercial activity and potential operating leverage if volumes, procurement efficiency, and service utilization improve.
Negative Factors
Persistent operating lossesSustained net and operating losses weaken the company’s ability to reinvest, service obligations, and rebuild equity through retained earnings. Thin gross margins provide limited protection against cost or LPG-market volatility, making a durable return to profitability a central unresolved risk.

Yuan Heng Gas Holdings Ltd (0332) vs. iShares MSCI Hong Kong ETF (EWH)

-75%-50%-25%0%25%50%75%HK:0332-66.67%EWH+9.26%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 60.48M
Dividend Yield
―
Average Volume (3M)
109.51K
Price to Earnings (P/E)
-0.2
Beta (1Y)
-0.28
Revenue Growth
-23.24%
EPS Growth
91.43%
Country
Hong Kong
Employees
243
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Integrated

Yuan Heng Gas Holdings Ltd Business Overview & Revenue Model

Company Description

Yuan Heng Gas Holdings Limited functions as an investment holding entity primarily involved in the commerce of petroleum and natural gas products, alongside offering associated advisory services across mainland China, Hong Kong, and Singapore. Its op...

How the Company Makes Money

The company primarily makes money by selling LPG and related gas products to customers. Revenue is generated from (i) the trading, sale, and distribution of LPG, where earnings depend on sales volume and the spread between procurement costs (e.g., so...

Yuan Heng Gas Holdings Ltd Financial Statement Overview

Summary

Severe revenue contraction, sustained losses, high debt, and negative shareholders’ equity outweigh the modest improvement in operating and free cash flow. The component score is set at the minimum permitted level.

Income Statement

18Very Negative

Balance Sheet

12Very Negative

Cash Flow

32Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue588.54M587.62M807.82M4.97B1.95B2.37B
Gross Profit43.92M43.17M44.04M76.73M167.07M227.45M
EBITDA-14.23M-12.32M-1.86B-56.69M134.40M273.69M
Net Income-157.72M-153.15M-1.92B-164.91M27.39M64.39M
Balance Sheet
Total Assets1.87B1.87B1.70B3.29B3.81B3.43B
Cash, Cash Equivalents and Short-Term Investments7.63M7.63M10.50M10.69M78.18M129.68M
Total Debt1.29B1.29B1.30B1.37B1.28B1.12B
Total Liabilities3.12B3.12B2.78B1.98B2.32B1.92B
Stockholders Equity-1.25B-1.25B-1.09B1.23B1.39B1.37B
Cash Flow
Free Cash Flow7.99M7.99M-8.71M-413.55M83.26M243.62M
Operating Cash Flow11.23M11.23M-7.44M-406.39M116.02M276.36M
Investing Cash Flow03.50M-330.00K308.51M-252.71M-35.61M
Financing Cash Flow0-18.21M5.32M35.86M86.27M-163.86M

Yuan Heng Gas Holdings Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.13

Price Trends

50DMA0.16Negative
100DMA0.18Negative
200DMA0.28Negative

Market Momentum

MACD-0.01Positive
RSI35.87Neutral
STOCH42.53Neutral

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 0.13 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 35.87 is Neutral, neither overbought nor oversold. The STOCH value of 42.53 is Neutral, 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

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:0332 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0135HK:013570OutperformHKD 65.77B10.147.89%5.11%6.16%-1.61%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
HK:0603HK:060350NeutralHKD 529.17M23.200.62%―-6.95%-85.71%
HK:8270HK:827044NeutralHKD 156.18M1.23105.99%―――
HK:2728HK:272843NeutralHKD 87.99M-3.33-69.23%―-5.50%-67.32%
HK:0332HK:033239UnderperformHKD 54.20M-0.2312.88%―-23.24%91.43%

* Energy Sector Average

Performance Comparison

-50%0%50%100%HK:0332HK:0135HK:0603HK:0852HK:2728HK:8270Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:0332 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0332Yuan Heng Gas Holdings Ltd0.13-0.27-66.67%
HK:0135KUNLUN ENERGY7.620.639.06%
HK:0603China Oil & Gas Group 0.12-0.08-39.90%
HK:0852Strong Petrochemical Holdings Limited0.180.0210.84%
HK:2728Jintai Energy Holdings Limited0.40-0.20-33.22%
HK:8270China CBM Group Co. Ltd.0.400.1453.85%

Yuan Heng Gas Holdings Ltd Corporate Events

Yuan Heng Gas Completes Share Placing to Bolster Capital Base

Sep 25, 2026

Yuan Heng Gas Holdings Ltd has completed a placing of new shares under its general mandate, issuing 65,450,000 shares to not fewer than six investors at the agreed placing price. The transaction, finalized on 25 September 2026, strengthens the compan...

Yuan Heng Gas Wins Unanimous Shareholder Backing for AGM Resolutions

Sep 23, 2026

Yuan Heng Gas Holdings reported that shareholders approved all resolutions at its 23 September 2026 annual general meeting, including adoption of the audited financial statements for the year ended 31 March 2026. Investors also backed the re-election...

Yuan Heng Gas Seeks Shareholder Nod to Retain Prism as Auditor at Unchanged Fee

Sep 22, 2026

Yuan Heng Gas Holdings Ltd has issued a supplemental announcement ahead of its 23 September 2026 annual general meeting, clarifying plans for the re-appointment of CLA Prism Hong Kong Ltd as auditor. The board, following the audit committee’s r...

Yuan Heng Gas Faces Third Audit Disclaimer as Debt Restructuring Efforts Advance

Aug 31, 2026

The Group’s auditors have issued a disclaimer of opinion on its consolidated financial statements for the third consecutive year, citing material uncertainties related to going concern. In response, management has implemented measures to enhanc...

Yuan Heng Gas Plans HK$10 Million Share Placing to Boost Working Capital

Aug 31, 2026

Yuan Heng Gas Holdings Ltd has entered into a placing agreement with Cheong Lee Securities to issue up to 65,450,000 new shares at HK$0.157 each to at least six independent investors. The deal, conducted on a best-effort basis and subject to listing...

Yuan Heng Gas Says Auditor Rebrands With No Impact on Services

Aug 27, 2026

Yuan Heng Gas Holdings Limited has announced that its external auditor has changed its English name from Prism Hong Kong Limited to CLA Prism Hong Kong Limited, and its Chinese name accordingly, effective 21 August 2026. The company emphasized that t...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 03, 2026