Hilong Holding forecasts RMB35.00–55.00 million interim profit, reversing prior RMB324.90 million loss

Bulletin Express08-03 20:45

Hilong Holding Limited has issued a positive profit alert for the six months ended 30 June 2026, projecting net profit between RMB35.00 million and RMB55.00 million. The turnaround compares with a RMB324.90 million net loss recorded in the same period of 2025.

Management attributes the expected profit to two primary factors: 1) a notable increase in revenue from tubing and casing trading alongside integrated drilling and completion technology services within the Oilfield Services segment; and 2) the absence of the RMB329.30 million one-off impairment loss on a vessel recognized in the first half of 2025. The vessel was sold by year-end 2025, eliminating any related impairment or classification impact in the current reporting period.

Hilong’s interim results remain subject to finalization and auditor review, with the full set of unaudited figures scheduled for release before the end of August 2026. Stakeholders are advised to exercise caution when dealing in the company’s securities until the detailed results are published.

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