According to data from Qichacha, based on the "Tianjin Business Department - 2025 Annual Primary Framework Agreement for Tubing and Casing Procurement - Marine API Tubing and Casing (Lot 7)", Shandong Molong Petroleum Machinery Company Limited announced on January 14, 2026, that it had won a procurement project from China National Offshore Oil Corporation (CNOOC) Group, with a winning bid amount of 47.859 million yuan.
Relevant listed company: Shandong Molong (002490.SZ). A tip from Tongbi Finance: In 2024, Shandong Molong (002490.SZ) reported operating revenue of 1.356 billion yuan, representing an operating revenue growth rate of 2.95%. However, the net profit attributable to the parent company was -44 million yuan, although the growth rate for this net profit was 92.29%. The return on equity stood at -10.87%. For the first half of 2025, the company's operating revenue was 798 million yuan, with a revenue growth rate of 31.90%. The net profit attributable to the parent company was 1.2 million yuan, but this figure saw a significant decline with a growth rate of -92.85%.
Currently operating in the energy sector, the company's main product categories include transmission equipment, engine equipment, steel pipes, light engineering machinery, section steel, and specialized equipment and components. The revenue composition for the 2024 annual report was as follows: tubing and casing accounted for 90.73%; other revenue made up 6.09%; pumping equipment contributed 2.52%; high-end castings and forgings represented 0.53%; and petroleum machinery parts constituted 0.14%.
