CN Stock MarketDetailed Quotes

Shenzhen HeKeda Precision Cleaning Equipment (002816)

Watchlist

25.00
+0.10+0.40%

Market Closed Apr 24 15:00 CST

2.50BMarket Cap141.24P/E (TTM)

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Shenzhen HeKeda Precision Cleaning Equipment (002816) Balance Sheet

All

YOY

Hide blank lines

(FY)Dec 31, 2025

(Q9)Sep 30, 2025

(Q6)Jun 30, 2025

(Q1)Mar 31, 2025

(FY)Dec 31, 2024

(Q9)Sep 30, 2024

(Q6)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q9)Sep 30, 2023

Assets

Current assets

Money funds

68.07%70.5M

75.04%21.7M

81.56%33.68M

-9.64%18.15M

-53.19%41.95M

-82.63%12.4M

-72.50%18.55M

-73.05%20.09M

-31.77%89.62M

-27.89%71.37M

Notes receivable and accounts receivable

19.60%150.17M

85.16%187.07M

69.28%141.91M

46.25%120.37M

36.50%125.56M

16.33%101.03M

2.24%83.83M

-16.10%82.3M

-4.49%91.99M

30.41%86.85M

-Notes receivable

351.41%15.95M

337.54%16.42M

-85.00%463.67K

-50.10%1.71M

-44.54%3.53M

-44.73%3.75M

-30.15%3.09M

-79.84%3.42M

-65.67%6.37M

388.64%6.79M

-Accounts receivable

9.99%134.22M

75.42%170.64M

75.19%141.44M

50.43%118.66M

42.53%122.03M

21.51%97.28M

4.09%80.74M

-2.75%78.88M

10.12%85.62M

22.78%80.05M

Other receivables (including interest and dividends)

-78.65%4.97M

-64.89%13.16M

-54.14%16.53M

-28.34%28.3M

-2.55%23.27M

-22.28%37.49M

-38.49%36.05M

-3.12%39.49M

-43.78%23.88M

1,268.10%48.24M

-Other receivable

-78.65%4.97M

----

-54.14%16.53M

----

-2.55%23.27M

----

-38.49%36.05M

----

-43.78%23.88M

----

Contractual assets

296.25%11.47M

-21.52%6.82M

-69.67%2.99M

-71.44%3.03M

-73.27%2.9M

3.02%8.69M

2.68%9.85M

-0.72%10.62M

-7.16%10.83M

12.29%8.44M

Advance payment

813.25%11.16M

874.48%7.54M

406.60%5.91M

29.89%2.17M

-9.93%1.22M

-97.80%773.8K

-57.12%1.17M

-65.83%1.67M

73.52%1.36M

1,314.17%35.15M

Inventories

-2.62%104.95M

30.85%127.89M

45.65%132.84M

47.52%110.88M

48.70%107.77M

66.35%97.73M

97.93%91.21M

58.47%75.17M

15.78%72.48M

-46.31%58.75M

Receivable financing

197.16%1.64M

-35.12%1.48M

-88.76%296.3K

-99.07%8.4K

-64.85%551.12K

272.75%2.28M

355.77%2.64M

-52.16%900.97K

-40.34%1.57M

-77.24%612.25K

Other current assets

-1.35%7.58M

-6.20%5.81M

24.44%7.65M

-7.80%6.97M

43.23%7.68M

17.80%6.19M

30.00%6.15M

165.08%7.56M

127.58%5.36M

-57.17%5.26M

Total current assets

16.58%362.44M

39.34%371.47M

37.03%341.81M

21.90%289.88M

4.65%310.9M

-15.28%266.59M

-8.21%249.43M

-15.46%237.79M

-15.18%297.09M

3.65%314.67M

Non Current assets

Long-term equity investment

5.10%18.51M

-54.34%18.54M

-53.29%19.06M

-57.33%16.79M

-1.21%17.61M

126.36%40.6M

127.04%40.81M

118.51%39.33M

--17.83M

--17.94M

Fixed assets

180.23%31.81M

----

47.31%14.16M

----

19.12%11.35M

----

-71.16%9.61M

----

-72.95%9.53M

----

Constru in process

----

-50.00%2.5M

----

-65.59%2.5M

----

--5.01M

----

--7.28M

----

Intangible assets

-4.14%1.14M

-4.05%1.17M

-3.97%1.19M

-3.90%1.22M

-78.29%1.22M

-78.08%1.24M

-78.21%1.24M

-71.42%1.27M

Goodwill

0.00%9.31M

--9.31M

----

Long deferred expense

-6.98%7.49M

-11.28%6.03M

-8.51%6.67M

-4.51%7.36M

59.51%8.05M

850.40%6.79M

486.85%7.29M

387.35%7.71M

162.74%5.05M

-68.37%714.64K

Deferred tax assets

-14.68%2.67M

74.08%4.36M

285.97%3.83M

566.89%2.59M

1,615.36%3.13M

-62.08%2.5M

-85.02%992.25K

-93.50%388.08K

-96.56%182.45K

-33.93%6.6M

Usufruct assets

29.38%12.99M

29.95%13.48M

-5.66%9.43M

-30.41%9.04M

-26.30%10.04M

-25.38%10.37M

12,606.84%10M

10,900.90%12.99M

8,554.64%13.62M

309.66%13.9M

Other non current assets

739.60%4.99M

226.87%19.42M

1,722.91%16.87M

-35.82%594.06K

266.22%594.06K

19.72%5.94M

-7.44%925.58K

-86.30%162.21K

58.28%4.96M

Total non current assets

39.39%88.91M

1.08%88.36M

9.43%83.02M

-22.45%60.29M

16.20%63.78M

54.19%87.41M

-27.19%75.86M

-26.38%77.74M

-38.21%54.89M

-60.55%56.69M

Total assets

20.46%451.35M

29.89%459.83M

30.60%424.83M

10.98%350.17M

6.45%374.69M

-4.67%354.01M

-13.47%325.3M

-18.44%315.53M

-19.84%351.98M

-16.98%371.36M

Liabilities

Current liabilities

Short term loan

31.39%17.1M

--17.1M

--13.01M

--13M

--13.01M

----

Notes payable and accounts payable

-32.66%58.97M

10.34%83.57M

158.01%103.48M

292.72%55.99M

160.11%87.56M

427.82%75.74M

163.76%40.11M

-29.47%14.26M

-7.77%33.66M

-6.37%14.35M

-Accounts payable

-32.66%58.97M

10.34%83.57M

158.01%103.48M

292.72%55.99M

160.11%87.56M

427.82%75.74M

163.76%40.11M

-29.47%14.26M

-7.77%33.66M

-6.37%14.35M

Contract liabilities

206.08%52.94M

219.43%58.7M

99.25%33.44M

64.59%26.07M

9.27%17.3M

37.46%18.38M

2.60%16.78M

-3.55%15.84M

-38.80%15.83M

-54.84%13.37M

Salaries payable

78.35%4.03M

42.73%2.78M

73.61%2.94M

22.97%2.06M

-2.95%2.26M

28.65%1.95M

13.96%1.69M

-10.87%1.68M

6.80%2.33M

-28.85%1.51M

Taxs payable

289.81%4.84M

677.88%1.41M

21.80%157.41K

1,024.28%921.15K

-63.17%1.24M

-25.76%181.11K

-81.12%129.23K

-88.90%81.93K

-81.30%3.37M

-95.89%243.97K

Other payable (including interest and dividends)

-58.09%2.92M

165.38%5.23M

134.80%5.52M

1,328.40%3.66M

1,600.36%6.96M

146.15%1.97M

-86.66%2.35M

-80.30%256.34K

-75.70%409.14K

-66.55%801.3K

-Other payable

-58.09%2.92M

----

134.80%5.52M

----

1,600.36%6.96M

----

-86.66%2.35M

----

-75.70%409.14K

----

Non current liabilities due within one year

119.40%6.94M

151.31%7.14M

121.99%5.15M

44.72%3.15M

45.32%3.16M

37.87%2.84M

1,942.88%2.32M

1,314.43%2.18M

1,022.52%2.18M

13.90%2.06M

Other current liabilities

672.38%16.27M

1,176.13%15.14M

451.61%2.27M

12.96%3.02M

-59.32%2.11M

-81.78%1.19M

-90.76%411.22K

-84.46%2.67M

-58.57%5.18M

417.08%6.51M

Total current liabilities

22.76%164.01M

86.88%191.07M

160.16%165.96M

191.85%107.88M

112.20%133.6M

163.17%102.24M

14.07%63.79M

-36.17%36.96M

-35.07%62.96M

-33.53%38.85M

Current liabilities

Long term loan

1,089.06%22.83M

--23.26M

--23.53M

--1.98M

--1.92M

----

Long term salaries pay

----

--0

----

Estimate liabilities

----

--0

----

Deferred tax liabilities

--14.96K

----

--44.04K

----

--193.72K

----

Long term deferred income

-36.36%53.53K

-33.33%61.18K

-30.77%68.82K

-28.57%76.47K

-26.67%84.12K

-25.00%91.76K

-23.53%99.41K

-22.22%107.06K

-21.05%114.71K

-20.00%122.35K

Lease liabilities

3.43%7.45M

6.92%8.38M

-21.56%6.26M

-42.34%6.41M

-38.23%7.2M

-34.25%7.84M

--7.98M

--11.12M

--11.66M

616.05%11.92M

Other non current liabilities

----

--0

----

Total non current liabilities

229.61%30.35M

290.23%31.7M

269.45%29.86M

-24.18%8.51M

-21.81%9.21M

-32.54%8.12M

100.84%8.08M

181.79%11.23M

190.39%11.78M

179.34%12.04M

Total liabilities

36.10%194.36M

101.85%222.77M

172.45%195.83M

141.52%116.39M

91.08%142.81M

116.86%110.36M

19.89%71.88M

-22.13%48.19M

-26.02%74.74M

-18.91%50.89M

Shareholders equity

Paid-in capital

0.00%100M

Capital reserve funds

0.13%207.18M

0.93%207.18M

0.94%207.18M

0.80%206.91M

0.00%205.26M

Surplus reserve funds

0.00%13.55M

Retained profit

18.42%-78.38M

-21.14%-89.35M

-49.73%-98.7M

-75.50%-92.81M

-121.91%-96.08M

-4,294.15%-73.75M

-2,236.13%-65.92M

-955.94%-52.89M

-324.53%-43.3M

-97.33%1.76M

Shareholders equity without minority interests

8.01%242.34M

-5.58%231.38M

-12.20%222.03M

-14.40%227.64M

-18.56%224.37M

-23.56%245.05M

-19.97%252.89M

-18.17%265.92M

-18.51%275.51M

-16.64%320.56M

Minority interests

95.03%14.64M

503.61%5.69M

1,206.66%6.97M

331.38%6.14M

334.07%7.51M

-1,323.15%-1.41M

--533.59K

--1.42M

--1.73M

---98.98K

Total shareholder equity

10.83%256.98M

-2.70%237.06M

-9.64%229M

-12.55%233.78M

-16.36%231.88M

-23.97%243.64M

-19.80%253.42M

-17.74%267.34M

-18.00%277.24M

-16.67%320.46M

Total liabilityies and equity

20.46%451.35M

29.89%459.83M

30.60%424.83M

10.98%350.17M

6.45%374.69M

-4.67%354.01M

-13.47%325.3M

-18.44%315.53M

-19.84%351.98M

-16.98%371.36M

Currency Unit

CNY

Accounting Standards

CAS (2007)

Audit Opinions

Unqualified opinion

Auditor

Zhongshen Asia-Pacific Certified Public Accountants (Special General Partnership)

He Xin Certified Public Accountants (Special General Partnership)

	(FY)Dec 31, 2025	(Q9)Sep 30, 2025	(Q6)Jun 30, 2025	(Q1)Mar 31, 2025	(FY)Dec 31, 2024	(Q9)Sep 30, 2024	(Q6)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q9)Sep 30, 2023
Assets
Current assets
Money funds	68.07%70.5M	75.04%21.7M	81.56%33.68M	-9.64%18.15M	-53.19%41.95M	-82.63%12.4M	-72.50%18.55M	-73.05%20.09M	-31.77%89.62M	-27.89%71.37M
Notes receivable and accounts receivable	19.60%150.17M	85.16%187.07M	69.28%141.91M	46.25%120.37M	36.50%125.56M	16.33%101.03M	2.24%83.83M	-16.10%82.3M	-4.49%91.99M	30.41%86.85M
-Notes receivable	351.41%15.95M	337.54%16.42M	-85.00%463.67K	-50.10%1.71M	-44.54%3.53M	-44.73%3.75M	-30.15%3.09M	-79.84%3.42M	-65.67%6.37M	388.64%6.79M
-Accounts receivable	9.99%134.22M	75.42%170.64M	75.19%141.44M	50.43%118.66M	42.53%122.03M	21.51%97.28M	4.09%80.74M	-2.75%78.88M	10.12%85.62M	22.78%80.05M
Other receivables (including interest and dividends)	-78.65%4.97M	-64.89%13.16M	-54.14%16.53M	-28.34%28.3M	-2.55%23.27M	-22.28%37.49M	-38.49%36.05M	-3.12%39.49M	-43.78%23.88M	1,268.10%48.24M
-Other receivable	-78.65%4.97M	----	-54.14%16.53M	----	-2.55%23.27M	----	-38.49%36.05M	----	-43.78%23.88M	----
Contractual assets	296.25%11.47M	-21.52%6.82M	-69.67%2.99M	-71.44%3.03M	-73.27%2.9M	3.02%8.69M	2.68%9.85M	-0.72%10.62M	-7.16%10.83M	12.29%8.44M
Advance payment	813.25%11.16M	874.48%7.54M	406.60%5.91M	29.89%2.17M	-9.93%1.22M	-97.80%773.8K	-57.12%1.17M	-65.83%1.67M	73.52%1.36M	1,314.17%35.15M
Inventories	-2.62%104.95M	30.85%127.89M	45.65%132.84M	47.52%110.88M	48.70%107.77M	66.35%97.73M	97.93%91.21M	58.47%75.17M	15.78%72.48M	-46.31%58.75M
Receivable financing	197.16%1.64M	-35.12%1.48M	-88.76%296.3K	-99.07%8.4K	-64.85%551.12K	272.75%2.28M	355.77%2.64M	-52.16%900.97K	-40.34%1.57M	-77.24%612.25K
Other current assets	-1.35%7.58M	-6.20%5.81M	24.44%7.65M	-7.80%6.97M	43.23%7.68M	17.80%6.19M	30.00%6.15M	165.08%7.56M	127.58%5.36M	-57.17%5.26M
Total current assets	16.58%362.44M	39.34%371.47M	37.03%341.81M	21.90%289.88M	4.65%310.9M	-15.28%266.59M	-8.21%249.43M	-15.46%237.79M	-15.18%297.09M	3.65%314.67M
Non Current assets
Long-term equity investment	5.10%18.51M	-54.34%18.54M	-53.29%19.06M	-57.33%16.79M	-1.21%17.61M	126.36%40.6M	127.04%40.81M	118.51%39.33M	--17.83M	--17.94M
Fixed assets	180.23%31.81M	----	47.31%14.16M	----	19.12%11.35M	----	-71.16%9.61M	----	-72.95%9.53M	----
Constru in process	----	----	-50.00%2.5M	----	-65.59%2.5M	----	--5.01M	----	--7.28M	----
Intangible assets	-4.14%1.14M	-4.05%1.17M	-4.05%1.17M	-3.97%1.19M	-3.97%1.19M	-3.90%1.22M	-78.29%1.22M	-78.08%1.24M	-78.21%1.24M	-71.42%1.27M
Goodwill	0.00%9.31M	--9.31M	--9.31M	--9.31M	--9.31M	----	----	----	----	----
Long deferred expense	-6.98%7.49M	-11.28%6.03M	-8.51%6.67M	-4.51%7.36M	59.51%8.05M	850.40%6.79M	486.85%7.29M	387.35%7.71M	162.74%5.05M	-68.37%714.64K
Deferred tax assets	-14.68%2.67M	74.08%4.36M	285.97%3.83M	566.89%2.59M	1,615.36%3.13M	-62.08%2.5M	-85.02%992.25K	-93.50%388.08K	-96.56%182.45K	-33.93%6.6M
Usufruct assets	29.38%12.99M	29.95%13.48M	-5.66%9.43M	-30.41%9.04M	-26.30%10.04M	-25.38%10.37M	12,606.84%10M	10,900.90%12.99M	8,554.64%13.62M	309.66%13.9M
Other non current assets	739.60%4.99M	226.87%19.42M	1,722.91%16.87M	-35.82%594.06K	266.22%594.06K	19.72%5.94M	-7.44%925.58K	-7.44%925.58K	-86.30%162.21K	58.28%4.96M
Total non current assets	39.39%88.91M	1.08%88.36M	9.43%83.02M	-22.45%60.29M	16.20%63.78M	54.19%87.41M	-27.19%75.86M	-26.38%77.74M	-38.21%54.89M	-60.55%56.69M
Total assets	20.46%451.35M	29.89%459.83M	30.60%424.83M	10.98%350.17M	6.45%374.69M	-4.67%354.01M	-13.47%325.3M	-18.44%315.53M	-19.84%351.98M	-16.98%371.36M
Liabilities
Current liabilities
Short term loan	31.39%17.1M	--17.1M	--13.01M	--13M	--13.01M	----	----	----	----	----
Notes payable and accounts payable	-32.66%58.97M	10.34%83.57M	158.01%103.48M	292.72%55.99M	160.11%87.56M	427.82%75.74M	163.76%40.11M	-29.47%14.26M	-7.77%33.66M	-6.37%14.35M
-Accounts payable	-32.66%58.97M	10.34%83.57M	158.01%103.48M	292.72%55.99M	160.11%87.56M	427.82%75.74M	163.76%40.11M	-29.47%14.26M	-7.77%33.66M	-6.37%14.35M
Contract liabilities	206.08%52.94M	219.43%58.7M	99.25%33.44M	64.59%26.07M	9.27%17.3M	37.46%18.38M	2.60%16.78M	-3.55%15.84M	-38.80%15.83M	-54.84%13.37M
Salaries payable	78.35%4.03M	42.73%2.78M	73.61%2.94M	22.97%2.06M	-2.95%2.26M	28.65%1.95M	13.96%1.69M	-10.87%1.68M	6.80%2.33M	-28.85%1.51M
Taxs payable	289.81%4.84M	677.88%1.41M	21.80%157.41K	1,024.28%921.15K	-63.17%1.24M	-25.76%181.11K	-81.12%129.23K	-88.90%81.93K	-81.30%3.37M	-95.89%243.97K
Other payable (including interest and dividends)	-58.09%2.92M	165.38%5.23M	134.80%5.52M	1,328.40%3.66M	1,600.36%6.96M	146.15%1.97M	-86.66%2.35M	-80.30%256.34K	-75.70%409.14K	-66.55%801.3K
-Other payable	-58.09%2.92M	----	134.80%5.52M	----	1,600.36%6.96M	----	-86.66%2.35M	----	-75.70%409.14K	----
Non current liabilities due within one year	119.40%6.94M	151.31%7.14M	121.99%5.15M	44.72%3.15M	45.32%3.16M	37.87%2.84M	1,942.88%2.32M	1,314.43%2.18M	1,022.52%2.18M	13.90%2.06M
Other current liabilities	672.38%16.27M	1,176.13%15.14M	451.61%2.27M	12.96%3.02M	-59.32%2.11M	-81.78%1.19M	-90.76%411.22K	-84.46%2.67M	-58.57%5.18M	417.08%6.51M
Total current liabilities	22.76%164.01M	86.88%191.07M	160.16%165.96M	191.85%107.88M	112.20%133.6M	163.17%102.24M	14.07%63.79M	-36.17%36.96M	-35.07%62.96M	-33.53%38.85M
Current liabilities
Long term loan	1,089.06%22.83M	--23.26M	--23.53M	--1.98M	--1.92M	----	----	----	----	----
Long term salaries pay	----	----	----	--0	----	----	----	----	----	----
Estimate liabilities	----	----	----	--0	----	----	----	----	----	----
Deferred tax liabilities	--14.96K	----	----	--44.04K	----	--193.72K	----	----	----	----
Long term deferred income	-36.36%53.53K	-33.33%61.18K	-30.77%68.82K	-28.57%76.47K	-26.67%84.12K	-25.00%91.76K	-23.53%99.41K	-22.22%107.06K	-21.05%114.71K	-20.00%122.35K
Lease liabilities	3.43%7.45M	6.92%8.38M	-21.56%6.26M	-42.34%6.41M	-38.23%7.2M	-34.25%7.84M	--7.98M	--11.12M	--11.66M	616.05%11.92M
Other non current liabilities	----	----	----	--0	----	----	----	----	----	----
Total non current liabilities	229.61%30.35M	290.23%31.7M	269.45%29.86M	-24.18%8.51M	-21.81%9.21M	-32.54%8.12M	100.84%8.08M	181.79%11.23M	190.39%11.78M	179.34%12.04M
Total liabilities	36.10%194.36M	101.85%222.77M	172.45%195.83M	141.52%116.39M	91.08%142.81M	116.86%110.36M	19.89%71.88M	-22.13%48.19M	-26.02%74.74M	-18.91%50.89M
Shareholders equity
Paid-in capital	0.00%100M	0.00%100M	0.00%100M	0.00%100M	0.00%100M	0.00%100M	0.00%100M	0.00%100M	0.00%100M	0.00%100M
Capital reserve funds	0.13%207.18M	0.93%207.18M	0.94%207.18M	0.80%206.91M	0.80%206.91M	0.00%205.26M	0.00%205.26M	0.00%205.26M	0.00%205.26M	0.00%205.26M
Surplus reserve funds	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M	0.00%13.55M
Retained profit	18.42%-78.38M	-21.14%-89.35M	-49.73%-98.7M	-75.50%-92.81M	-121.91%-96.08M	-4,294.15%-73.75M	-2,236.13%-65.92M	-955.94%-52.89M	-324.53%-43.3M	-97.33%1.76M
Shareholders equity without minority interests	8.01%242.34M	-5.58%231.38M	-12.20%222.03M	-14.40%227.64M	-18.56%224.37M	-23.56%245.05M	-19.97%252.89M	-18.17%265.92M	-18.51%275.51M	-16.64%320.56M
Minority interests	95.03%14.64M	503.61%5.69M	1,206.66%6.97M	331.38%6.14M	334.07%7.51M	-1,323.15%-1.41M	--533.59K	--1.42M	--1.73M	---98.98K
Total shareholder equity	10.83%256.98M	-2.70%237.06M	-9.64%229M	-12.55%233.78M	-16.36%231.88M	-23.97%243.64M	-19.80%253.42M	-17.74%267.34M	-18.00%277.24M	-16.67%320.46M
Total liabilityies and equity	20.46%451.35M	29.89%459.83M	30.60%424.83M	10.98%350.17M	6.45%374.69M	-4.67%354.01M	-13.47%325.3M	-18.44%315.53M	-19.84%351.98M	-16.98%371.36M
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)
Audit Opinions	Unqualified opinion	--	--	--	Unqualified opinion	--	--	--	Unqualified opinion	--
Auditor	Zhongshen Asia-Pacific Certified Public Accountants (Special General Partnership)	--	--	--	He Xin Certified Public Accountants (Special General Partnership)	--	--	--	He Xin Certified Public Accountants (Special General Partnership)	--

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

Middle East conflict spreads to the stock market! How should investors respond?

Signs of restarting the second round of US-Iran talks have emerged. According to reports, Iran's foreign minister arrived in Pakistan on Fri Show More

牛牛課堂

Mar 4 17:09

Long-term answers | Your account on the left shrinks, while your right hand is chased by the times — Be the person that no bombardment can ever wipe out.

牛牛課堂

Mar 18 18:18

Hormuz, Term Structure and USO: Navigating the Energy Storm