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Shandong Molong Petroleum Machinery
(0568)
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Rating:42Neutral
Price Target:
HK$4.00
▼(-10.31% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by financially constrained fundamentals (still slightly loss-making with thin margins and high leverage) and weak technical trend signals (below major moving averages with negative MACD). Positive operating and free cash flow provide some support, but valuation is not compelling given the negative P/E and lack of dividend data.
Positive Factors
Revenue Growth
Strong reported revenue growth indicates improving demand and order activity for the company’s petroleum machinery products. If maintained, expanding sales can improve operating leverage, support capacity utilization, and provide a broader base for restoring sustainable profitability over the next several quarters.
Negative Factors
High Leverage
High and persistent leverage limits financial flexibility because a large portion of the company’s capital structure is funded by debt. This can constrain investment and capital allocation choices, while the relatively small equity base leaves the business more exposed if operating recovery weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong reported revenue growth indicates improving demand and order activity for the company’s petroleum machinery products. If maintained, expanding sales can improve operating leverage, support capacity utilization, and provide a broader base for restoring sustainable profitability over the next several quarters.
Read all positive factors
Shandong Molong Petroleum Machinery (0568) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.49B
Dividend Yield2.15%
Average Volume (3M)25.71M
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth48.39%
EPS Growth98.65%
CountryHK
Employees1,268
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding315,420,400
10 Day Avg. Volume9,252,379
30 Day Avg. Volume25,711,044
Financial Highlights & Ratios
PEG Ratio-4.01
Price to Book (P/B)4.56
Price to Sales (P/S)1.29
P/FCF Ratio10.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shandong Molong Petroleum Machinery Business Overview & Revenue Model
Company Description
Shandong Molong Petroleum Machinery Company Limited, together with its subsidiaries, engages in the design, research and development, production, and sale of products and services for the energy equipment industry in the People's Republic of China...
How the Company Makes Money
The company primarily makes money by manufacturing and selling petroleum machinery products to customers in the oil and gas supply chain. Its main revenue stream is product sales, where it earns income from delivering oilfield-related steel produc...
Shandong Molong Petroleum Machinery Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
33
Negative
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.20B | 1.76B | 1.36B | 1.32B | 2.77B | 3.73B |
| Gross Profit | 210.73M | 170.07M | 33.11M | 101.78M | 52.94M | 172.34M |
| EBITDA | 147.33M | 132.33M | 22.48M | 9.45M | -50.98M | 1.63M |
| Net Income | -3.11M | 5.16M | -43.70M | -566.86M | -424.97M | -368.42M |
Balance Sheet | ||||||
| Total Assets | 2.83B | 2.68B | 2.42B | 2.89B | 4.04B | 4.46B |
| Cash, Cash Equivalents and Short-Term Investments | 218.35M | 273.61M | 89.14M | 102.37M | 462.69M | 475.19M |
| Total Debt | 1.71B | 1.53B | 1.46B | 1.65B | 2.12B | 2.10B |
| Total Liabilities | 2.33B | 2.18B | 1.93B | 2.55B | 3.13B | 3.10B |
| Stockholders Equity | 502.54M | 498.09M | 492.27M | 424.01M | 987.96M | 1.41B |
Cash Flow | ||||||
| Free Cash Flow | 34.72M | 226.11M | 43.58M | 129.31M | -19.98M | -16.18M |
| Operating Cash Flow | 89.47M | 312.35M | 43.87M | 134.99M | -11.51M | 35.79M |
| Investing Cash Flow | -91.50M | -34.14M | 243.90M | -2.78M | -8.47M | 89.53M |
| Financing Cash Flow | -45.70M | -180.20M | -296.96M | -405.11M | -41.27M | -409.49M |
Shandong Molong Petroleum Machinery Technical Analysis
Neutral
4.46
Price Trends
4.54
Negative
4.96
Negative
5.74
Negative
Market Momentum
-0.30
Positive
47.45
Neutral
34.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0568, the sentiment is Neutral. The current price of 4.46 is above the 20-day moving average (MA) of 4.13, below the 50-day MA of 4.54, and below the 200-day MA of 5.74, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 34.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0568.
Shandong Molong Petroleum Machinery Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.40B | 6.14 | 8.59% | 5.49% | 11.66% | 11.67% | |
66 Neutral | HK$55.63B | 15.51 | 8.30% | 4.17% | 6.80% | 14.80% | |
66 Neutral | HK$14.88B | 11.37 | 8.76% | 4.39% | 6.18% | -5.47% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | HK$178.22M | 5.01 | 8.78% | 2.09% | 94.77% | ― | |
48 Neutral | HK$413.93M | 5.63 | 2.06% | 1.23% | 12.20% | ― | |
42 Neutral | HK$5.49B | -2,235.29 | -0.56% | 2.15% | 48.39% | 98.65% |
* Energy Sector Average
HK:0568
Shandong Molong Petroleum Machinery
4.08
-0.08
-1.81%
HK:3337
Anton Oilfield Services Group
0.78
-0.26
-25.22%
HK:2883
China Oilfield Services
7.75
1.05
15.74%
HK:3899
CIMC Enric Holdings
7.06
-0.74
-9.45%
HK:1623
Hilong Holding Ltd.
0.24
>-0.01
-0.41%
HK:1080
Shengli Oil & Gas Pipe Holdings Ltd.
0.05
-0.04
-43.33%
Shandong Molong Petroleum Machinery Corporate Events
Shandong Molong Board Sets Date to Approve Q3 2026 Results
Oct 9, 2026
Shandong Molong Petroleum Machinery has scheduled a board meeting for October 27, 2026, in Shouguang City, Shandong Province, to review and approve the unaudited third-quarter results for the period ended September 30, 2026. The meeting will also ...
Shandong Molong Completes HK$114.89 Million H-Share Placing
Sep 28, 2026
Shandong Molong Petroleum Machinery Company Limited has completed a placing of 33,615,600 new H shares at HK$3.50 per share, raising approximately HK$114.89 million in net proceeds. The new shares, allotted to at least six independent placees, rep...
Shandong Molong Plans HK H-Share Placing to Raise About HK$115 Million
Sep 23, 2026
Shandong Molong Petroleum Machinery has entered into a placing agreement with a sole placing agent to issue new H shares under a general mandate, with the shares to be listed on the Hong Kong Stock Exchange upon completion of required regulatory f...
Shandong Molong Boosts Revenue but Profit Slides in First Half 2026
Aug 28, 2026
Shandong Molong Petroleum Machinery reported a sharp rise in operating revenue to RMB1.25 billion for the six months ended 30 June 2026, up about 57% year on year, driven by higher business activity. Despite this strong top-line growth, net profit...
Shandong Molong Sets Late-August Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
Shandong Molong Petroleum Machinery Company Limited has scheduled a board meeting for 28 August 2026 in Shouguang City, Shandong Province, China. The session will review and approve the unaudited interim results for the six months ended 30 June 20...
Shandong Molong Raises Registered Capital After H-Share Placement
Jul 31, 2026
Shandong Molong Petroleum Machinery has increased its registered capital following the placing and issuance of 25,678,400 new H shares on 29 July 2026. The registered capital rose from RMB 797,848,400 to RMB 823,526,800, lifting the total number o...
Shandong Molong Raises HK$115.7 Million Through H-Share Placement
Jul 29, 2026
Shandong Molong Petroleum Machinery Company Limited has completed a placement of 25,678,400 new H shares, increasing its total issued shares to 823,526,800. The new H shares represent about 9.11% of H shares in issue and 3.12% of total shares post...
Shandong Molong Clarifies Timing and Pricing of H-Share Placement
Jul 22, 2026
Shandong Molong Petroleum Machinery Company Limited has issued a clarification regarding its previously announced placing of new H shares under a general mandate. The company confirmed that the placing agreement was entered into on 22 July 2026 be...
Shandong Molong Plans HK$115.7 Million H-Share Placing to Cut Debt
Jul 22, 2026
Shandong Molong Petroleum Machinery has entered into a placing agreement on 21 July 2026 with a sole placing agent to issue new H shares under its general mandate. The agent will place the shares on a best-efforts basis to at least six independent...
Shandong Molong Flags Unexplained Share Surge and Warns on Extreme Valuation
Jul 14, 2026
Shandong Molong reported an unusual movement in its A-share trading after the stock’s closing price rose more than 20% cumulatively over three consecutive sessions in mid-July 2026, triggering a regulatory notice from the Shenzhen Stock Exch...
Shandong Molong Flags Unusual A-Share Surge and Warns on Extreme Valuation
Jul 9, 2026
Shandong Molong Petroleum Machinery reported that its A-share closing price rose more than 20% cumulatively over two consecutive trading days, triggering an unusual trading movement under Shenzhen Stock Exchange rules. After inquiries with control...
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.