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Shandong Molong Petroleum Machinery ( (HK:0568) ) has issued an announcement.
Shandong Molong Petroleum Machinery Company Limited announced a significant decline in net profit for the first half of 2025, with an estimated profit of 10 to 13 million RMB, marking a 92.36% to 94.12% decrease compared to the previous year. Despite the decline, the company reported a turnaround from loss to profit in operating results after extraordinary gains or losses, attributed to increased production and sales, improved capacity utilization, and strengthened cost control measures.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited is a Sino-foreign joint stock company incorporated in China, primarily operating in the petroleum machinery industry. The company focuses on manufacturing and selling petroleum machinery products.
YTD Price Performance: 260.33%
Average Trading Volume: 164,769,534
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.59B
See more data about 0568 stock on TipRanks’ Stock Analysis page.