Qingfan Xie - PETRO KING Insider

PETRO KING -- Hong Kong Stock  

HKD 0.44  0.00  0.00%

Chief Engineer and VP

Mr. Xie Qingfan is Vice President, Chief Engineer of Petroking Oilfield Services Ltd. He is primarily responsible for the research and development of technologies for the Group, the organization and division, of the technical management of the Group and standardization of the management of technologies. He joined our Group in 2006 as the manager of the northwest region. Mr. Xie has over 32 years of experience in the oil and gas industry. He had acted in various roles during his employment with Sinopec Zhongyuan Petroleum Exploration Bureau between 1982 to 2005 such as engineering service centre director of the Drilling Engineering and Technology Research Institute in 2001, deputy chief engineer of the Drilling Pipe Tool Engineering Department in 2002, and senior engineer in 2005. He received numerous certificates for his contributions to this bureau from as early as 1985. For instance, he was presented with a Technology Advancement Certificate for his research on technology to prevent failure of drilling tools in February 2006 and for his research and development of PDC drill heads in February 2003
Age: 50        
http://www.petro-king.cn
Xie completed a training course of electrical wireline freepoint & backoff provided by HOMCO in 1993 and received training for the operation of motorised freepoint equipment held by Applied Electronic Systems, Inc. in 2001. He graduated from Petroleum University with a Bachelor degree majoring in mine machinery in July 1996.

Management Efficiency

The company has return on total asset (ROA) of (2.94) % which means that it has lost $2.94 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (32.51) % meaning that it generated substantial loss on money invested by shareholders.
The company has accumulated 199.34 M in total debt with debt to equity ratio (D/E) of 16.5 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. PETRO KING has Current Ratio of 1.81 which is within standard range for the sector.

Entity Summary

Petroking Oilfield Services Limited, an investment holding company, offer oilfield technology and oilfield services. PETRO KING (2178) is traded on Hong Kong Stock Exchange in Hong Kong. It is located in th Floor, Tower AShenzhen, and employs 364 people.

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Top Management

PETRO KING Leadership Team
Jinxia Sun, President, MBA
Hin Tong, Director
Taiyuan Zhang, President
Qingfan Xie, VP
Jinlong Wang, Chairman
Junhe Xin, Director
Tat Tung, Executive
Jingyu Lin, President
Shenghou He, Director
Yuxin Pan, President
Lin Leung, Director
Lap Wong, Director, CPA
Wa Shu, CFO
Fucun Yuan, President
Jindong Zhao, Director
Hua Ma, Director, MBA
Tommy Lee, Director
Weizhong Zeng, CEO
Po Ko, Director

Stock Performance

PETRO KING Performance Indicators