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Shandong Molong Petroleum Machinery ( (HK:0568) ) has provided an announcement.
Shandong Molong Petroleum Machinery has issued a preliminary estimate indicating it expects to swing from a substantial loss in 2024 to a net profit of RMB 4 million to RMB 6 million for the 2025 financial year, equating to year-on-year growth of more than 100%, with basic earnings per share projected at RMB 0.005–0.008. The company attributes the turnaround to a robust recovery in operations, including a significant year-on-year increase in production and sales volumes, approximately 50% growth in overseas operating income driven by its overseas strategy, higher capacity utilisation, and stronger product gross margins, complemented by tighter lean management and cost controls; non-recurring items such as government subsidies, asset disposal gains or losses, and litigation-related damages totaling around RMB 30 million also affected net profit. The latest figures, which have been discussed with but not yet audited by the external accountants, imply a marked improvement in core operating performance, although net profit after deducting extraordinary items remains negative, and the company has cautioned shareholders and potential investors that the estimates are preliminary and subject to the final 2025 annual results.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited is a Sino-foreign joint stock company based in Shandong, China, engaged in the manufacture and sale of petroleum machinery and related products. The company focuses on both domestic and overseas markets, with an increasingly strong emphasis on expanding its international presence and improving production efficiency and cost control.
Average Trading Volume: 34,978,929
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$6.62B
For a thorough assessment of 0568 stock, go to TipRanks’ Stock Analysis page.