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The latest update is out from Shandong Molong Petroleum Machinery ( (HK:0568) ).
Shandong Molong Petroleum Machinery Company Limited has received a warning letter from the Shandong Securities Regulatory Bureau due to inaccuracies in its 2024 annual results estimation, which initially projected a profit but was later revised to a significant loss. The company is taking steps to address the issues highlighted in the warning letter, ensuring compliance with regulatory requirements and safeguarding shareholder interests, although the warning does not impact its normal operations.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited operates in the petroleum machinery industry, focusing on the production and supply of machinery and equipment for the petroleum sector.
YTD Price Performance: -11.33%
Average Trading Volume: 6,266
Technical Sentiment Signal: Buy
Current Market Cap: $359.5M
See more insights into 0568 stock on TipRanks’ Stock Analysis page.