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United Energy Group
(OTC:0467)
United Energy Group (0467) vs. S&P 500 (SPY)
United Energy Group Business Overview & Revenue Model
United Energy Group Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 13.59B | 10.75B | 7.44B | 6.20B | 7.10B | Gross Profit |
| 4.44B | 5.51B | 3.36B | 2.03B | 3.48B | EBIT |
| -1.73B | 3.60B | 2.76B | 1.31B | 2.73B | EBITDA |
| 3.00B | 7.75B | 5.73B | 4.14B | 5.30B | Net Income Common Stockholders |
| -1.71B | 2.60B | 2.00B | 864.18M | 1.91B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.33B | 3.17B | 3.09B | 2.77B | 3.15B | Total Assets |
| 25.83B | 27.42B | 25.03B | 24.94B | 25.74B | Total Debt |
| 3.10B | 3.81B | 4.94B | 5.67B | 4.83B | Net Debt |
| -228.86M | 643.07M | 1.84B | 2.91B | 1.68B | Total Liabilities |
| 12.99B | 11.61B | 10.79B | 12.03B | 13.69B | Stockholders Equity |
| 12.83B | 15.80B | 14.23B | 12.91B | 12.04B |
| Cash Flow | Free Cash Flow | |||
| 648.58M | 2.10B | 1.55B | 17.19M | 1.21B | Operating Cash Flow |
| 7.33B | 7.82B | 4.28B | 1.91B | 4.01B | Investing Cash Flow |
| -6.54B | -5.71B | -2.49B | -2.18B | -6.98B | Financing Cash Flow |
| -638.13M | -2.07B | -1.45B | -94.33M | 3.59B |
United Energy Group Technical Analysis
United Energy Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.51T | 6.33 | 8.25% | ― | ― | ||
71 Outperform | HK$773.34B | 9.29 | 12.78% | 8.46% | -7.73% | -6.97% | |
68 Neutral | $11.04B | 7.04 | 11.90% | ― | 28.93% | ― | |
66 Neutral | €818.17B | 5.29 | 19.25% | 8.41% | 5.62% | -0.74% | |
59 Neutral | $49.45B | 12.10 | 9.94% | 5.76% | 1.39% | -21.74% | |
56 Neutral | $6.99B | 3.76 | -4.38% | 5.90% | -0.24% | -48.46% |
United Energy Group Corporate Events
United Energy Group Limited has announced the termination of its continuing connected transaction related to the Property Service Agreement, effective from May 1, 2025. The rights and obligations of the agreement will be transferred to an independent third-party property management company, with no changes to the terms and service fee. The Board believes this decision is in the best interest of the company and its shareholders, with no significant impact on its business operations or financial condition.
United Energy Group Limited has announced its Annual General Meeting to be held on June 3, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, declaration of a final dividend, re-election of directors, and authorization of the board to fix directors’ remuneration. Additionally, the company seeks approval to allot and issue additional shares, not exceeding 20% of the current issued share capital, indicating a strategic move to potentially raise capital for future growth.
United Energy Group Limited announced the resignation of Ms. Wang Ying as an independent non-executive director and member of the audit committee, effective April 1, 2025. The company is actively seeking a replacement to comply with Hong Kong Stock Exchange listing rules, which require a minimum of three independent non-executive directors and audit committee members. The resignation has temporarily left the company below these required thresholds, prompting a search for a suitable candidate to fill the vacancy within three months.
United Energy Group Limited, a company incorporated in the Cayman Islands and continued in Bermuda, has announced changes to its board of directors effective from April 1, 2025. The new board structure includes Mr. Zhang Hong Wei as Chairman and Mr. Yiu Chi Shing as Vice Chairman, with Ms. Zhang Meiying as an Executive Director. The board also comprises Independent Non-executive Directors Mr. Chau Siu Wai and Mr. San Fung, who will chair the Audit, Remuneration, and Nomination Committees. These changes reflect a strategic realignment within the company, potentially impacting its governance and decision-making processes.
United Energy Group Limited has announced a final ordinary cash dividend of HKD 0.05 per share for the financial year ending 31 December 2024. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder value.
United Energy Group Limited reported its annual results for the year ended December 31, 2024, showcasing a 28.9% increase in turnover to HK$17.5 billion and a return to profitability with a profit of HK$1.56 billion, compared to a loss in the previous year. Despite a decrease in gross profit and adjusted EBITDA, the company saw a significant rise in EBITDA and an increase in net assets. Operationally, the company experienced a decline in production in Pakistan but an increase in the MENA region, with notable changes in reserve levels across its assets.
United Energy Group Limited, a company incorporated in the Cayman Islands and continued in Bermuda, has announced updates regarding its director, Zhang Hong Wei. The announcement addresses an Advance Notice of Administrative Penalty issued to Orient Group by the China Securities Regulatory Commission, which found false financial records from 2020 to 2023. Zhang, who is the controlling shareholder of Orient Group and Chairman of United Energy Group, faces potential penalties including a lifetime securities market access prohibition. The company clarified that the case is unrelated to its operations and that it operates independently from Orient Group.
United Energy Group Limited has announced a board meeting scheduled for March 28, 2025, in Hong Kong to approve the audited annual results for the year ending December 31, 2024, and to determine the final dividend. This meeting is significant as it will finalize the company’s financial performance for the previous year, potentially impacting shareholder returns and market positioning.
United Energy Group Limited has announced a supplementary disclosure regarding its acquisition of AIEH I, an oil and gas asset. The valuation of AIEH I was conducted using the discounted cash flow method, which estimated future cash flows based on several assumptions, including 2P reserves, capital and operating expenditures, fiscal terms, Brent oil price forecasts, and a discount rate. The transaction’s purchase price is set at US$150 million, with an additional deferred payment of US$7 million, resulting in an implied valuation of US$5.06 per barrel of oil equivalent. This valuation falls between the first quartile and the average of comparable market transactions, indicating commercial reasonableness. The company’s auditors, RSM Hong Kong, have confirmed the accuracy of the calculations used in the valuation.
United Energy Group Limited has announced a supplementary update regarding its acquisition of a 52% equity interest in Orient Group Beijing Investment Holding Limited and its subsidiaries. The acquisition, valued at US$19 million, involves a 99-megawatt wind power project in Pakistan. The company employed a conservative valuation approach using the Discounted Cash Flow method, taking into account factors such as power price forecasts, electricity generation efficiency, and operating expenses. The acquisition is expected to enhance United Energy Group’s position in the renewable energy market, particularly in Pakistan, by expanding its portfolio with a significant wind energy asset.
United Energy Group Limited has issued a supplementary announcement regarding its acquisition of Apex International Energy Holdings I. The announcement clarifies the ownership structure of Apex, highlighting that no single entity or individual has significant control over Apex. The majority ownership is held by BWE Apex Guernsey Limited, which is backed by various passive financial investors, including pension funds and financial institutions. This acquisition is part of United Energy Group’s strategy to expand its energy portfolio, potentially enhancing its market position and offering new opportunities for stakeholders.
United Energy Group Limited, through its wholly owned subsidiary SSIHL, has entered into an agreement to acquire a 52% equity interest in Orient Group Beijing Investment Holding Limited. This acquisition, valued at USD 19 million, is aimed at enhancing United Energy’s renewable energy portfolio, with the Target Company involved in a 99-megawatt wind power project in Pakistan. The transaction, which constitutes a connected transaction under Hong Kong’s Listing Rules, does not require shareholder approval due to the applicable percentage ratios. The acquisition includes a shareholder loan provided by Orient Industrial, marking a strategic expansion in United Energy’s renewable energy initiatives.
United Energy Group Limited has announced a discloseable transaction involving the acquisition of Apex International Energy Holdings I, valued at $150 million, with an additional deferred payment of $7 million. This strategic acquisition, subject to regulatory approvals, is aimed at enhancing United Energy’s asset base in the MENA region, potentially strengthening its industry positioning and offering new opportunities for growth.