1. Hong Kong Stocks

  2. •

    Industrial services

  3. •

    Oilfield services/Equipment
Petro-king Oilfield Services Ltd.

Petro-king Oilfield Services Ltd.

HHKEX:2178
0.18
HKD
+0.00
(+0.57%)
88.06MMarket Cap
Petro-king Oilfield Services Ltd.
HKEX:2178
(Hong Kong Exchange)

Recent

price

0.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
0.21
1.27
0.93
0.58
0.5
0.26
0.17
0.15
0.28
0.18
0.09
0.18
0.18
0.17
0.16
- -
Revenue per Share
0.1
0.21
0.17
-0.35
-0.31
-0.29
-0.1
-0.36
-0.05
-0.04
-0.05
-0.02
-0.04
-0.01
0.01
- -
Basic EPS, GAAP
-0.01
-0.03
-0.44
-0.6
-0.01
-0.1
-0.03
-0.03
-0.03
-0.02
0.07
0.01
-0.02
0.01
0.02
- -
Free Cash Flow per Basic Share
- -
- -
0.11
0.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.85
0.91
1.84
1.45
1.09
0.71
0.65
0.27
0.22
0.19
0.17
0.15
0.11
0.1
0.12
0.12
Book Value per Share
0.4
0.42
1.35
0.96
0.71
0.54
0.47
0.21
0.16
0.13
0.12
0.1
0.09
0.08
0.1
0.1
Tangible Book Value per Share
828
833
1,137
1,209
1,253
1,536
1,727
1,727
1,727
1,727
1,727
1,727
1,727
1,727
1,727
1,727
Basic Weighted Avg Shares
173
1,057
1,060
705
631
392
288
259
478
308
164
314
315
292
268
- -
Sales/Revenue/Turnover
27.08
24.44
25.37
-12.17
-13.66
-36.16
-45.19
-47.22
4.31
5.52
-26.14
-7.61
-7.15
-2
7.19
- -
Operating Margin (%)
14
20
28
63
88
95
82
73
58
62
51
37
36
26
15
- -
Depreciation Expense
87
178
197
-423
-384
-443
-180
-623
-87
-73
-82
-29
-74
-18
23
- -
Net Income, GAAP
10.02
20.94
18.87
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.31
- -
Effective Tax Rate (%)
50.14
16.87
18.54
-60
-60.91
-112.97
-62.62
-240.63
-18.2
-23.71
-49.88
-9.11
-23.35
-6.08
8.66
- -
Profit Margin (%)
466
361
1,346
287
268
441
306
145
-72
-33
40
26
23
- -
12
12
Working Capital
- -
- -
- -
37
175
178
47
216
36
105
70
134
86
41
40
40
LT Debt
1,003
1,091
2,226
1,795
1,579
1,237
1,124
464
406
354
291
262
191
180
209
209
Total Equity
- -
11.52
11.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.34
- -
Return on Invested Capital (%)
- -
14.85
10.31
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10.11
- -
Return on Capital (%)
- -
17.52
12.12
-21.46
-23.09
-31.54
-15.3
-78.65
-20.62
-20.48
-26.47
-10.55
-33.2
-9.89
12.39
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
108
113
103
LT Borrowings
41
35
38
LT Finance Leases
- -
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,727
1,727
1,727
Market Capitalization
100
124
88

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
417
382
447
Cash, Cash Equivalents & STI
16
19
45
Accounts Receivable, Net
202
153
141
Inventories
8
8
12
Total Current Liabilities
417
389
435
Payables & Accruals
- -
- -
- -
ST Debt
108
113
103
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-15.95%
-8.97%
15.78%
Free Cash Flow
- -
-160.93%
175.4%
Net Income, GAAP
-10.25%
-40.41%
-230.36%
Sales/Revenue/Turnover
0.4%
5.89%
-8.39%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
315
2024
- -
- -
292
2025
- -
- -
268

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.04
2024
- -
- -
-0.01
2025
- -
- -
0.01

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Petro-king Oilfield Services Limited (2178.HK), an investment holding company incorporated in the British Virgin Islands and founded in 2002, provides oilfield technology services covering various stages of the oilfield lifecycle, including well drilling, completion, production enhancement, integrated project management and consultancy services; it also engages in the trading of related oilfield and gasfield products such as well completion tools, production enhancement tools and drilling products. Headquartered in Shenzhen, China, the company operates primarily in the People's Republic of China through its principal subsidiaries Shenzhen Petro-king Oil Technology Co., Ltd., Petro-king (Chongqing) Oil and Gas Technical Services Co., Ltd. and Shenzhen Petro-king Drilling Technology Co., Ltd., with additional business presence in the Middle East and international markets including Indonesia, Russia, Australia, Canada, Nigeria, Yemen, Algeria, Argentina, Turkmenistan, Kazakhstan, Iraq and Egypt. Its major clients encompass national oil companies such as Sinopec, PetroChina, CNOOC and Yanchang Petroleum, alongside international operators like Shell, BP, Rosneft, Petronas, ConocoPhillips, Total, CACT Operators Group, Devon, Far East, EOG and Sunwing Energy. In May 2025, the company's PRC subsidiaries entered into a three-year Framework Sale and Purchase Agreement, effective retrospectively from January 1, 2025, with connected entity Petro-king Energy Group for the procurement of well completion products, production enhancement products and drilling products up to annual caps of RMB20 million, subject to independent shareholder approval due to its classification as a continuing connected transaction under Hong Kong Listing Rules. The company maintains certifications including ISO9001:2015 for quality management, ISO14001:2015 for environmental management and ISO45001:2018 for occupational health and safety, underscoring its commitment to operational excellence in the oil and gas equipment and services sector.