Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Shandong Molong Petroleum Machinery ( (HK:0568) ) has issued an announcement.
Shandong Molong Petroleum Machinery Co., Ltd. has conducted a comprehensive assessment of its assets as of September 30, 2025, to accurately reflect its financial condition and asset value. The company reversed asset impairment provisions amounting to RMB 4,723,528.42 after impairment testing, primarily due to the recovery of outstanding accounts receivable from customers aged over five years. This adjustment is expected to positively impact the company’s financial statements for the first three quarters of 2025, showcasing improved asset management and financial health.
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 Co., Ltd. is a Sino-foreign joint stock limited company incorporated in China. The company operates within the petroleum machinery industry, focusing on the production and supply of equipment and machinery for the oil and gas sector.
Average Trading Volume: 71,564,058
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.06B
For a thorough assessment of 0568 stock, go to TipRanks’ Stock Analysis page.