600256.Ss
600256.SS is an integrated oil and gas company that generates revenue through upstream exploration, production, and downstream refining, marketing, and petrochemicals.
Business. 600256.SS is an integrated oil and gas company that generates revenue through upstream exploration, production, and downstream refining, marketing, and petrochemicals.
Analyst recommendations
2 analysts · consensus BuyAt a glance
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- Peers
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · BP (BP)
- EarningsQ3 2026 earnings (expected)2026-10-30 · estimated · Chevron (CVX)
- 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
Signals & dispatch
Composite-score breakdown
Synthesis
600256.SS is an integrated oil and gas company that generates revenue through upstream exploration, production, and downstream refining, marketing, and petrochemicals.
The company's capital structure is characterized by a debt-to-equity ratio of 0.76, indicating a moderate reliance on debt financing. Liquidity is assessed as medium, with a current ratio of 0.36, suggesting limited short-term liquidity to cover immediate liabilities. Free cash flow is negative at -1.6 billion CNY, reflecting capital expenditures that exceed operating cash flow.
Profitability metrics show a return on equity of 5.55% and a return on assets of 2.64%, both below the typical performance of integrated oil and gas firms. Gross profit of 5.09 billion CNY and operating income of 2.48 billion CNY indicate a relatively narrow margin structure, which may be influenced by volatile commodity prices and operational costs.
The company's revenue is not segmented by geographic region or business line in the provided data, making it difficult to assess geographic or segment concentration. However, as an integrated oil and gas firm, it is likely exposed to global energy markets and regional regulatory environments.
Growth trajectory is not explicitly outlined in the data, but the negative free cash flow and capital expenditures of 644.8 million CNY suggest ongoing investment in operations. Analysts have provided a mean recommendation of 1.50, with one strong buy and one buy rating, indicating a generally positive outlook.
Risk factors include medium liquidity risk and a negative net cash position after subtracting total debt. Dilution is assessed as low, with no significant dilution potential reported. The company's risk profile is further influenced by the volatility of oil and gas prices and geopolitical factors affecting the energy sector.
Recent events include the latest financial filing, which shows a net income of 1.35 billion CNY and a total equity of 24.22 billion CNY. No specific recent events or filings are detailed in the data provided, but the company's performance is likely influenced by broader market conditions and regulatory changes in the energy sector.
- The company has a moderate debt-to-equity ratio of 0.76, indicating a balanced capital structure.
- Return on equity of 5.55% and return on assets of 2.64% suggest below-average profitability for the integrated oil and gas industry.
- Free cash flow is negative at -1.6 billion CNY, indicating that capital expenditures exceed operating cash flow.
- Analysts have provided a generally positive outlook with a mean recommendation of 1.50.
- The company faces medium liquidity risk and a negative net cash position after subtracting total debt.
- No significant dilution potential is reported, and the company's risk profile is influenced by volatile oil and gas prices.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,50 |
| Revenue | —no estimate | —no estimate | 38,9B CNY |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Physical assets
4 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Xinjiang Guanghui power station | Power | Power | China | Parent |
| Xinjiang Guanghui power station | Power | Coal | China | Parent |
| Xinjiang Guanghui power station | Power | Power | China | Parent |
| Xinjiang Guanghui power station | Power | Coal | China | Parent |
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 600256.SS Market data — financials · 2026-05-27
- Guanghui Energy Co Ltd Market data — analyst estimates · 2026-05-27