Shandong Molong Reports 2024 Annual Results with Revenue Growth and Reduced Losses

Shandong Molong Petroleum Machinery ( (HK:0568) ) just unveiled an update.

Shandong Molong Petroleum Machinery Company Limited reported its annual results for the year ending December 31, 2024, showing a total revenue increase of 2.95% to RMB1,356,346,670.03. Despite the revenue growth, the company reported a loss attributable to equity owners of RMB43,699,833.39, a significant decrease of 92.29% compared to the previous year. The loss per share increased by 92.96% to RMB0.05. The board has decided not to recommend the payment of a final dividend for the year. The financial results have been reviewed by the audit committee and agreed upon by the external auditors.

More about Shandong Molong Petroleum Machinery

Shandong Molong Petroleum Machinery Company Limited is a sino-foreign joint stock limited company incorporated in the People’s Republic of China. The company operates in the petroleum machinery industry, focusing on the production and supply of equipment and machinery for the oil and gas sector.

YTD Price Performance: -11.33%

Average Trading Volume: 6,266

Technical Sentiment Signal: Buy

Current Market Cap: $281.3M

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