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Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. (1938) AI Stock Analysis
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
(HKEX:1938)
The overall score reflects moderate financial strength tempered by recent deterioration in profitability and cash generation, combined with a clearly bearish technical setup; these risks are partially offset by an extremely low valuation, which offers potential upside if fundamentals stabilize but currently keeps the stock in higher-risk territory.
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. (1938) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 169.87M
- Dividend Yield
- ―
- Average Volume (3M)
- 270.82K
- Price to Earnings (P/E)
- 1.2
- Beta (1Y)
- 0.83
- Revenue Growth
- -39.70%
- EPS Growth
- -51.97%
- Country
- Hong Kong
- Employees
- 824
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Steel
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. Business Overview & Revenue Model
Company Description
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. is an investment holding company that manufactures and sells welded steel pipes. It operates through the Steel Pipes and Property Development and Investment segments. The company primarily pro...
How the Company Makes Money
Specific, verifiable information about the company’s revenue model, key revenue streams, and earnings drivers is not available from the information provided in this chat. null
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. Financial Statement Overview
Summary
Financials show a solid recovery from 2021 losses with improved net margins, strong 2025 ROE around 16%, and reduced leverage, but the latest year’s revenue decline, EBIT margin compression, and weaker free cash flow signal rising cyclical and profitability risks.
Income Statement
72PositiveBalance Sheet
68PositiveCash Flow
65Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.58B | 2.35B | 2.94B | 2.65B | 2.36B | 1.81B |
| Gross Profit | 304.84M | 435.53M | 517.41M | 554.21M | 470.62M | 195.52M |
| EBITDA | 54.21M | 125.47M | 162.13M | 175.16M | 282.97M | -86.19M |
| Net Income | 118.77M | 246.31M | 212.67M | 183.78M | 163.03M | -94.35M |
Balance Sheet | ||||||
| Total Assets | 6.16B | 5.92B | 6.51B | 6.42B | 6.55B | 7.92B |
| Cash, Cash Equivalents and Short-Term Investments | 59.94M | 26.17M | 53.32M | 260.71M | 16.13M | 638.46M |
| Total Debt | 1.79B | 1.74B | 1.87B | 1.83B | 1.78B | 1.81B |
| Total Liabilities | 4.62B | 4.30B | 5.27B | 5.35B | 5.62B | 7.10B |
| Stockholders Equity | 1.54B | 1.50B | 1.24B | 1.08B | 930.94M | 825.52M |
Cash Flow | ||||||
| Free Cash Flow | -70.47M | 123.20M | 205.87M | 334.81M | 140.76M | -973.59M |
| Operating Cash Flow | -46.82M | 154.12M | 205.87M | 431.07M | 154.07M | -904.63M |
| Investing Cash Flow | 13.33M | -4.19M | -55.82M | -8.68M | 38.17M | 2.56B |
| Financing Cash Flow | 71.98M | -197.65M | -78.47M | -366.03M | -149.10M | -1.71B |
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1938, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.21, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 37.02 is Neutral, neither overbought nor oversold. The STOCH value of 13.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1938.
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. Peers Comparison
Overall Rating
HK:111872Outperform
HK:155365Neutral- HK:193864Neutral
HK:105344Neutral
HK:840242.3Neutral
HK:034739Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1118 | 72Outperform | HKD 672.02M | 4.77 | 9.86% | 5.98% | -4.52% | -8.87% |
| HK:1553 | 65Neutral | HKD 616.00M | 5.55 | 7.76% | 8.45% | -35.49% | -32.38% |
| HK:1938 | 64Neutral | HKD 169.87M | 1.21 | 7.82% | ― | -39.70% | -51.97% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:1053 | 44Neutral | HKD 12.61B | -3.67 | -19.70% | ― | -7.86% | -38.20% |
| HK:8402 | 42Neutral | HKD 95.04M | -7.42 | -28.01% | ― | -1.48% | 69.10% |
| HK:0347 | 39Underperform | HKD 18.92B | -2.88 | -14.44% | ― | -1.18% | -55.60% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1938 | Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. | 0.17 | -0.12 | -42.07% | |
| HK:0347 | Angang Steel Co Class H | 0.99 | -1.02 | -50.74% | |
| HK:1053 | Chongqing Iron & Steel Co., Ltd. Class H | 0.79 | -0.56 | -41.48% | |
| HK:1118 | Golik Holdings Limited | 1.17 | 0.23 | 24.34% | |
| HK:1553 | Maike Tube Industry Holdings Limited | 1.42 | -0.01 | -0.70% | |
| HK:8402 | GT Steel Construction Group Limited | 0.13 | 0.04 | 38.95% |
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. Corporate Events
Chu Kong Petroleum & Natural Gas Steel Pipe Swings to Smaller Profit on Revenue Slump
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings reported a sharp revenue decline to RMB611.7 million for the six months ended 30 June 2026, down from RMB1.39 billion a year earlier, as gross profit fell to RMB124.6 million from RMB255.4 mill...
Chu Kong Steel Pipe Issues Profit Warning Amid Middle East Disruptions
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. has warned that its consolidated net profit for the first half of 2026 is expected to be not less than RMB40 million, sharply lower than the RMB246.3 million recorded for full-year 2025 and...
Chu Kong Petroleum Schedules Board Meeting on Interim Results and Dividend
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd., a Hong Kong-listed manufacturer of steel pipes for the petroleum and natural gas sectors, operates mainly from Guangdong Province to serve energy industry clients. The company is governed...
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: Sep 27, 2026