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PETRO-KING
02178.HK
Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology services in the People’s Republic of China, the Middle East, and internationally. It operates through Oilfield Project Tools and Services, and Consultancy Services segments. The company offers oilfield project tools and services, such as oilfield development plan, procurement advice, tools and equipment installation, and on-site project management services, as well as assembles and sells oilfield project tools. It also provides integrated project management services that include engineering and designing an overall development plan for an oilfield project; assisting and providing advice on sourcing; oilfield project management services in the areas of drilling, well completion, downhole operation, oilfield equipment installation, and production enhancement; and on-site operational management, supervision, support, and advice services.
71.99 B
02178.HKMarket value -Rank by Market Cap -/-

Financial Score

10/12/2025 Update
D
Energy Equipment and ServicesIndustry
Industry Ranking16/16
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-16.54%E
    • Profit Margin-12.16%D
    • Gross Margin82.34%A
  • Growth ScoreD
    • Revenue YoY-36.69%E
    • Net Profit YoY48.61%B
    • Total Assets YoY-13.41%E
    • Net Assets YoY-11.03%D
  • Cash ScoreE
    • Cash Flow Margin-822.60%E
    • OCF YoY-36.69%E
  • Operating ScoreC
    • Turnover0.37C
  • Debt ScoreD
    • Gearing Ratio71.41%D

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Petro-King Oilfield Services Showcases Advanced Solutions at ADIPEC

    Petro-king Oilfield Services Ltd. will participate in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) on November 3, showcasing its advanced technical services and products, including drilling, stimulation, integrated project management (IPM), and rotary steerable systems.

    Reuters·
    HK
    02178
    0.00%
    Reuters·
    HK
    02178
    0.00%

    PETRO-KING announced its interim results, with a loss attributable to shareholders of HKD 11.793 million, an increase of 2885.6% year-on-year

    PETRO-KING announced its interim results for the period ending June 30, 2025, with revenue of HKD 111 million, a year-on-year decrease of 32.9%. The loss attributable to the company's owners was HKD 11.793 million, a year-on-year increase of 2885.6%, with a basic loss per share of HKD 0.68. The decline in performance was mainly due to clients delaying production increase projects and reduced revenue from the Middle East market

    Zhitong·
    HK
    02178
    0.00%
    Zhitong·
    HK
    02178
    0.00%

    "Profit Warning" PETRO-KING estimates that its losses for the half-year may expand to a maximum of 15 million yuan

    PETRO-KING issued a profit warning, expecting a loss of no more than HKD 15 million for the six months ending in June, compared to a profit of HKD 400,000 in the same period last year. The increase in loss is mainly due to a significant decrease in revenue from providing production enhancement services to the southwestern shale gas fields in China; and the supervision service contracts in the Middle East market will expire in the first half of 2024, leading to a reduction in revenue

    AASTOCKS·
    HK
    02178
    0.00%
    AASTOCKS·
    HK
    02178
    0.00%

    PETRO-KING issued a profit warning, expecting a loss attributable to shareholders of no more than HKD 15 million in the first half of the year

    PETRO-KING expects that in the first half of 2025, the loss attributable to the company's owners will not exceed HKD 15 million, an increase of no more than HKD 14.6 million compared to the loss of approximately HKD 400,000 in the first half of 2024. The increase in loss is mainly due to a significant decrease in revenue from providing production enhancement services to the southwestern shale gas fields in China, as major clients have postponed production enhancement projects to the second half of 2025. In addition, the supervision service contracts in the Middle East will expire in the first half of 2024, leading to a decrease in the group's revenue

    Zhitong·
    HK
    02178
    0.00%
    Zhitong·
    HK
    02178
    0.00%

    Understanding the Market | Oil and gas stocks surged in the afternoon, Shandong Molong rose by 22% at one point, and MI Energy increased by over 12%

    Oil and gas stocks surged in the afternoon. As of the time of publication, Shandong Molong rose 16.83% to HKD 4.72; MI Energy rose 12.82% to HKD 0.044; PETRO-KING rose 10% to HKD 0.077; JX ENERGY rose 5.56% to HKD 0.475. In terms of news, it was reported that Trump set a new deadline of 10-12 days for Russia, stating that if no agreement is reached, secondary sanctions will be imposed on Russian oil. As a result, international oil prices rose significantly overnight, with WTI crude oil futures closing up 3.75% at USD 69.21 per barrel. Brent crude oil futures closed up 3.53% at USD 72.51 per barrel. Huatai Futures pointed out that after Trump announced a shortened observation period for the Russia-Ukraine ceasefire, oil prices rose. The firm believes this presents a dilemma for Trump; sanctions against Russia are needed for the Russia-Ukraine ceasefire, but this will lead to rising oil prices and soaring inflation. It cannot be ruled out that this is another TACO trade. Although the current crude oil fundamentals are relatively strong, demand is expected to gradually decline starting in August, and the fundamentals do not support rising oil prices

    Zhitong·
    HK
    03395
    +2.06%
    HK
    02178
    0.00%
    SZ
    002490
    -0.30%
    Zhitong·
    HK
    03395
    +2.06%
    HK
    02178
    0.00%
    SZ
    002490
    -0.30%
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