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0346.HK — HKEX Oil & Gas Transportation Services

0346.Hk

HK$0,32
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Mcap
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P/E
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EV / Rev
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Div yield
—
Op margin
-4,3 %
ROE
-136,5 %
Net margin
-4,4 %
Debt / equity
1,35
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

CNOOC Limited is engaged in the exploration, development, production, and sale of crude oil and natural gas in China and internationally.

Business. CNOOC Limited is engaged in the exploration, development, production, and sale of crude oil and natural gas in China and internationally.

Classification92 %
SectorEnergy
Business sectorEnergy - Fossil Fuels
IndustryOil & Gas Transportation Services
ActivityEnergy - Fossil Fuels
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
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not yet wired
Ownership
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not yet wired
Profitability→
-136,5 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 0346.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 0346.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    CNOOC Limited is engaged in the exploration, development, production, and sale of crude oil and natural gas in China and internationally.

    Classification92 %
    SectorEnergy
    Business sectorEnergy - Fossil Fuels
    IndustryOil & Gas Transportation Services
    ActivityEnergy - Fossil Fuels
    AI synthesis
    GENERATED

    CNOOC Limited's capital structure is characterized by a debt-to-equity ratio of 1.35, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.0, suggesting that its current assets are just sufficient to cover its current liabilities. The company's free cash flow is negative at -664.472 million HKD, indicating that it is not generating enough cash from operations to cover its capital expenditures.

    In terms of profitability, CNOOC Limited reported a net income of -758.613 million HKD and an operating income of -746.292 million HKD, reflecting a significant decline in profitability. The return on equity (ROE) is -1.3655, and the return on assets (ROA) is -0.2745, both of which are below the industry median, indicating underperformance relative to its peers.

    CNOOC Limited's revenue is primarily concentrated in its domestic operations in China, with a significant portion derived from the sale of crude oil and natural gas. The company's geographic exposure is limited, with most of its operations and revenue generated within China.

    The company's growth trajectory is currently negative, with a decline in revenue and profitability. The operating cash flow is negative at -261.133 million HKD, and the free cash flow is also negative, indicating that the company is not generating sufficient cash to sustain its operations and capital expenditures. The capital expenditure for the period is -8.661 million HKD, which is relatively low compared to the company's overall financial position.

    The risk assessment for CNOOC Limited indicates a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could pose a challenge in maintaining its liquidity position. The dilution risk is assessed as low, suggesting that the company is not expected to issue additional shares in the near term.

    Recent events and filings indicate that CNOOC Limited has been focusing on cost management and operational efficiency to mitigate the impact of declining oil prices. The company has also been exploring new opportunities in international markets to diversify its revenue streams.

    Key takeaways
    • CNOOC Limited is experiencing a significant decline in profitability, with a net loss of 758.613 million HKD.
    • The company's liquidity position is medium, with a current ratio of 1.0, indicating that it is just covering its current liabilities.
    • The debt-to-equity ratio of 1.35 suggests a moderate reliance on debt financing.
    • The company's free cash flow is negative, indicating that it is not generating enough cash to cover its capital expenditures.
    • CNOOC Limited's revenue is primarily concentrated in its domestic operations in China.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,32
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    HK$555.6M
    Net cashⓘ
    -HK$747.9M
    Current ratioⓘ
    1.0
    Debt / equityⓘ
    1.4
    ROAⓘ
    -27.5%
    ROEⓘ
    -1.4%
    Cash conversionⓘ
    34.0%
    CapEx / revenueⓘ
    -0.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin-4,3 %Bottom quartile
    Net Margin-4,4 %Bottom quartile
    ROE-136,5 %Bottom quartile
    Capex / Rev-0,1 %Above P75
    D/E1,35Bottom quartile
    Cash Conv0,34Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 0346.HK Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Yinguo FengExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    0346.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage