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Shengli Oil & Gas Pipe Holdings Ltd. ( (HK:1080) ) has shared an update.
Shengli Oil & Gas Pipe Holdings Ltd. has issued a profit warning, indicating an expected loss for the first half of 2025. Despite an increase in production, sales volumes, and gross profit from national pipeline projects, the company anticipates a slight increase in loss due to a one-off litigation provision. However, the total comprehensive loss is expected to decrease compared to the previous year due to favorable changes in the fair value of an unlisted equity investment.
More about Shengli Oil & Gas Pipe Holdings Ltd.
Shengli Oil & Gas Pipe Holdings Ltd. operates in the oil and gas industry, focusing on the production and sales of pipes. The company is involved in national pipeline projects and anti-corrosion processing businesses, which are known for their higher gross profit margins.
YTD Price Performance: 387.10%
Average Trading Volume: 11,411,507
Technical Sentiment Signal: Buy
Current Market Cap: HK$585M
For a thorough assessment of 1080 stock, go to TipRanks’ Stock Analysis page.