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United Strength Power Holdings Limited logo

United Strength Power Holdings Limited

2337.HK

HKSEEnergyOil & Gas Refining & Marketing

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Latest quote

HK$1.38

−HK$0.05 · -3.50%

Aug 24, 4:08 PM HKT

2337.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, United Strength Power Holdings Limited primarily focuses on managing vehicle natural gas refueling stations throughout the People's Republic of China. The company's offerings encompass a variety of fuels, including refined oil, compressed natural gas (CNG), liquefied petroleum gas (LPG), and liquefied natural gas (LNG). Additionally, it engages in the wholesale trade of LPG, LNG, and associated chemical products, while also providing transportation services for petroleum and gas. By the close of 2021, specifically December 31st, the firm maintained a network of 94 refueling stations across Northeastern China. Beyond its commercial ventures, United Strength Power Holdings Limited is also involved in the advancement of energy technologies. Founded in 1997, the company's central operations are based in Changchun, PRC. It is a part of Golden Truth Holdings Limited, functioning as its subsidiary.

Industry
Oil & Gas Refining & Marketing
Sector
Energy
Headquarters
CN
CEO
Jinmin Zhao
Listed since
Oct 16, 2017
Employees
1,264

Market position

Day range

Current HK$1.38

52-week range

Current HK$1.38

Open
HK$1.44
Previous close
HK$1.43
Volume
361K
1.14× average
Average volume
316.57K
Average daily volume
Market cap
516.81M HKD
Beta
-0.21
Market reference 1
50-day average
HK$1.3249
+4.16% above average
200-day average
HK$1.4622
-5.62% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.16B CNY
P/E (TTM)
-179.32×
P/B (TTM)
0.9×
P/S (TTM)
0.07×
EV / EBITDA
10.99×
Earnings yield
-0.40%
Free cash flow yield
-1.15%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
3.88%
Operating margin
0.81%
Net margin
-0.04%
Return on equity
-0.47%
Return on assets
-0.12%
Return on invested capital
-0.08%

Financial health

Debt / equity
1.91×
Current ratio
1.15×
Altman Z-score
8.01
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends12%7%3%-1%Gross margin, FY2021: 10.51%Gross margin, FY2022: 6.46%Gross margin, FY2023: 5.75%Gross margin, FY2024: 5.69%Gross margin, FY2025: 2.11%Operating margin, FY2021: 5.03%Operating margin, FY2022: 1.43%Operating margin, FY2023: 1.55%Operating margin, FY2024: 1.59%Operating margin, FY2025: 0.76%Net margin, FY2021: 3.03%Net margin, FY2022: 0.27%Net margin, FY2023: 0.54%Net margin, FY2024: 0.88%Net margin, FY2025: -0.04%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.51%. Gross margin FY2022 6.46%. Gross margin FY2023 5.75%. Gross margin FY2024 5.69%. Gross margin FY2025 2.11%. Operating margin FY2021 5.03%. Operating margin FY2022 1.43%. Operating margin FY2023 1.55%. Operating margin FY2024 1.59%. Operating margin FY2025 0.76%. Net margin FY2021 3.03%. Net margin FY2022 0.27%. Net margin FY2023 0.54%. Net margin FY2024 0.88%. Net margin FY2025 -0.04%.

Income trends

Revenue

6B CNY-22.27%

Operating income

45.71M CNY-62.79%

Net income

−2.31M CNY−70.1M CNY
Income trends across reported periods8.5B CNY5.41B CNY2.32B CNY−774.98M CNYRevenue, FY2021: 5.83B CNYRevenue, FY2022: 6.09B CNYRevenue, FY2023: 7.35B CNYRevenue, FY2024: 7.72B CNYRevenue, FY2025: 6B CNYOperating income, FY2021: 293.02M CNYOperating income, FY2022: 86.96M CNYOperating income, FY2023: 113.6M CNYOperating income, FY2024: 122.85M CNYOperating income, FY2025: 45.71M CNYNet income, FY2021: 176.62M CNYNet income, FY2022: 16.53M CNYNet income, FY2023: 39.49M CNYNet income, FY2024: 67.79M CNYNet income, FY2025: −2.31M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.83B CNY. Revenue FY2022 6.09B CNY. Revenue FY2023 7.35B CNY. Revenue FY2024 7.72B CNY. Revenue FY2025 6B CNY. Operating income FY2021 293.02M CNY. Operating income FY2022 86.96M CNY. Operating income FY2023 113.6M CNY. Operating income FY2024 122.85M CNY. Operating income FY2025 45.71M CNY. Net income FY2021 176.62M CNY. Net income FY2022 16.53M CNY. Net income FY2023 39.49M CNY. Net income FY2024 67.79M CNY. Net income FY2025 −2.31M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue6B CNY7.72B CNY7.35B CNY6.09B CNY5.83B CNY
Cost of goods sold5.88B CNY7.28B CNY6.92B CNY5.7B CNY5.22B CNY
Gross profit126.43M CNY439.85M CNY422.26M CNY393.1M CNY612.72M CNY
Selling, general, and administrative80.72M CNY160.93M CNY10.34M CNY157.03M CNY157.61M CNY
Operating expenses80.72M CNY317M CNY308.67M CNY306.15M CNY319.7M CNY
Interest income2.45M CNY1.02M CNY1.19M CNY657K CNY413K CNY
Interest expense23.97M CNY29.74M CNY34.39M CNY36.27M CNY41.9M CNY
Depreciation and amortization59.51M CNY27.27M CNY71.7M CNY77.47M CNY75.77M CNY
Operating income45.71M CNY122.85M CNY113.6M CNY86.96M CNY293.02M CNY
Net income−2.31M CNY67.79M CNY39.49M CNY16.53M CNY176.62M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.12

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.160.110.060.02Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q3 2022, reported Aug 25, 2022: actual 0.018, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 0.033, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 0.019, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.098, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 0.077, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.116, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates4.79B4.18B3.57B2.96BQ3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q3 2022, reported Aug 25, 2022: actual 3.14B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 3.88B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 3.44B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 4.61B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 4.12B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 4.13B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.04

2025 complete year-53.1% since 2020

Corporate action history

Dividend

Ex-dividend Jun 23, 2025

HK$0.04

Annual

Record Jun 25, 2025 · Payment Jul 18, 2025

Dividend

Ex-dividend Jun 21, 2024

HK$0.08

Annual

Record Jun 25, 2024 · Payment Jul 12, 2024

Dividend

Ex-dividend Jun 14, 2022

HK$0.0267

Annual

Record Jun 15, 2022 · Payment Jul 8, 2022

Dividend

Ex-dividend Jun 17, 2021

HK$0.0534

Annual

Record Jun 18, 2021 · Payment Jul 16, 2021

Dividend

Ex-dividend Jun 29, 2020

HK$0.0853

Annual

Record Jun 30, 2020 · Payment Jul 27, 2020

Dividend

Ex-dividend Jun 12, 2019

HK$0.0852

Annual

Record Jun 13, 2019 · Payment Jul 5, 2019

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