1. China Stocks

  2. •

    Utilities

  3. •

    Gas distributors
United Strength Power Holdings Ltd.

United Strength Power Holdings Ltd.

HHKEX:2337
1.39
HKD
+0.01
(+0.73%)
486.85MMarket Cap
United Strength Power Holdings Ltd.
HKEX:2337
(Hong Kong Exchange)

Recent

price

1.39

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.07
1.25
1.56
1.36
1.48
11.82
9.98
15.57
16.26
19.62
20.63
16.46
- -
Revenue per Share
0.04
0.12
0.19
0.05
0.18
0.41
0.35
0.47
0.04
0.11
0.18
-0.01
- -
Basic EPS, GAAP
0.02
0.14
0.22
0.16
-0.03
0.7
0.4
0.1
0.22
-0.04
0.01
- -
- -
Free Cash Flow per Basic Share
0.03
0.01
0.01
- -
0.04
0.05
0.05
0.04
0.02
- -
0.07
0.04
- -
Dividend per Share
0.3
0.44
0.59
0.95
1.06
1.03
0.68
1.1
1.14
1.25
1.36
1.32
1.29
Book Value per Share
0.3
0.44
0.59
0.95
1.06
1.03
0.68
1.1
1.14
1.25
1.36
1.32
1.29
Tangible Book Value per Share
235
235
176
188
235
335
349
375
375
375
375
375
375
Basic Weighted Avg Shares
252
292
275
256
348
3,953
3,481
5,830
6,089
7,347
7,724
6,164
- -
Sales/Revenue/Turnover
7.52
12.85
16.1
15.51
16.28
5.57
5.75
4.75
1.4
1.41
1.55
0.74
- -
Operating Margin (%)
8
10
10
18
17
70
73
76
77
72
63
61
- -
Depreciation Expense
9
28
34
10
43
136
123
177
17
39
68
-2
- -
Net Income, GAAP
27.73
20.6
23.53
54.55
25.55
27.72
27.19
27.84
48.6
32.41
25.08
102.75
- -
Effective Tax Rate (%)
3.64
9.67
12.45
3.72
12.34
3.43
3.54
3.03
0.27
0.54
0.88
-0.04
- -
Profit Margin (%)
-29
13
40
117
143
-207
-71
87
114
192
233
184
235
Working Capital
- -
- -
- -
- -
- -
122
361
353
265
258
225
154
196
LT Debt
83
108
143
230
255
272
285
449
468
512
548
532
514
Total Equity
- -
22.07
26.05
10.05
16.36
39.71
20.64
20.17
3.88
6.52
7.22
-0.11
- -
Return on Invested Capital (%)
- -
22.18
23.93
4.28
16.3
36.7
19.94
19.93
2.91
5.07
6.95
-0.33
- -
Return on Capital (%)
- -
32.74
28.41
5.27
18.18
55.35
49.82
53.09
3.93
8.79
13.83
-0.47
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
724
789
666
LT Borrowings
13
11
48
LT Finance Leases
166
143
148
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
375
375
375
Market Capitalization
602
579
421

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,900
1,451
1,583
Cash, Cash Equivalents & STI
83
190
161
Accounts Receivable, Net
173
35
15
Inventories
126
145
192
Total Current Liabilities
1,726
1,266
1,347
Payables & Accruals
- -
- -
- -
ST Debt
724
789
666
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.08%
15.02%
-2.99%
Free Cash Flow
-399.66%
-69.79%
-140.86%
Net Income, GAAP
56.62%
11.94%
-103.5%
Sales/Revenue/Turnover
112.42%
15.5%
-20.2%
Total Cash Common Dividend
- -
- -
-49.29%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7,724
2025
- -
- -
6,164
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.18
2025
- -
- -
-0.01
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.07
2025
- -
- -
0.04
2026
- -
- -
- -
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Business
United Strength Power Holdings Limited, an investment holding entity, maintains and operates vehicle natural gas refueling points across the People's Republic of China. The company's operations encompass the direct sale of refined oil, compressed natural gas (CNG), liquefied petroleum gas (LPG), and liquefied natural gas (LNG) to end-users. Additionally, it engages in the wholesale and trading of LPG, CNG, and various related chemical products, alongside offering petroleum and gas transportation services. The business also includes the management of storage facilities and the advancement of energy technology solutions. Established in 1997, the company is headquartered in Changchun, PRC, and functions as a subsidiary of Golden Truth Holdings Limited. As of recent disclosures, the group manages a network comprising 19 CNG stations, 5 LPG stations, and 1 mixed-fuel (CNG-LNG) station primarily within Jilin Province and Heilongjiang Province in Northeast China. In a strategic adjustment during May 2025, funds initially allocated for mergers and acquisitions were redirected towards enhancing the company's refueling station network and expanding its logistics vehicle fleets, targeting completion by the close of 2025.