We Think Tong Petrotech's (SZSE:300164) Solid Earnings Are Understated

The market seemed underwhelmed by the solid earnings posted by Tong Petrotech Corp. (SZSE:300164) recently. We have done some analysis, and found some encouraging factors that we believe the sharehol

Simply Wall StMay 1 19:04 ET

Tongyuan Petroleum (300164.SZ) reported first-quarter results, net profit of 3.9891 million yuan, a year-on-year decrease of 75.91%

According to the Zhitong Finance App, Tongyuan Petroleum (300164.SZ) released its report for the first quarter of 2024, achieving revenue of 228 million yuan, an increase of 12.61% over the previous year. Net profit attributable to shareholders of listed companies was 3.9 million yuan, a year-on-year decrease of 75.91%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 687,600 yuan, a year-on-year decrease of 94.81%.

Zhitong FinanceApr 24 06:08 ET

Tongyuan Petroleum (300164.SZ): 2023 net profit of 50.2797 million yuan increased 125.34% year-on-year

Gelonghui, April 19 | Tongyuan Petroleum (300164.SZ) released its 2023 annual report. Operating revenue was 1,029 million yuan, up 33.88% year on year, net profit of 50,2797 million yuan, up 125.34% year on year, after deducting non-net profit of 40.47 million yuan, up 1298.42% year on year, with basic earnings of 0.09 yuan per share.

Gelonghui FinanceApr 19 08:03 ET

Tongyuan Petroleum (300164.SZ): The wholly-owned subsidiary was recognized as a specialized, special and new small and medium-sized enterprise in Beijing

Gelonghui, March 14 | Tongyuan Petroleum (300164.SZ) announced that its wholly-owned subsidiary, Beijing Dade Guangyuan Petroleum Technology Service Co., Ltd., recently received the Beijing Specialized Special New Small and Medium Enterprise Certificate issued by the Beijing Municipal Bureau of Economy and Information Technology, which is valid from February 2024 to January 2027.

Gelonghui FinanceMar 14 08:19 ET

Tong Petrotech Corp.'s (SZSE:300164) Price Is Right But Growth Is Lacking

Tong Petrotech Corp.'s (SZSE:300164) price-to-earnings (or "P/E") ratio of 22.1x might make it look like a buy right now compared to the market in China, where around half of the companies have P/E ra

Simply Wall StFeb 3 19:10 ET

Tongyuan Petroleum (300164.SZ): There is currently no business layout for hydrogen energy

On February 2, Gelonghui | Tongyuan Petroleum (300164.SZ) said on the investor interactive platform that the company currently has no hydrogen energy business layout.

Gelonghui FinanceFeb 2 02:08 ET