Yantai Jereh Oilfield Services Group (002353) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 2.69 billion, up 26.07% year-over-year; net profit attributable to shareholders was RMB 466 million, up 24.04% year-over-year.

• Operating cash flow surged 409.68% year-over-year to RMB 1.07 billion, driven by strong project collections and effective cash management.

• Major overseas contract signed: Abu Dhabi digital oilfield EPC project valued at USD 920 million (approx. RMB 6.56 billion).

Financial highlights

• Revenue: RMB 2.69 billion (up 26.07% year-over-year); net profit: RMB 466 million (up 24.04% year-over-year).

• Basic and diluted EPS: RMB 0.46 (up 24.32% year-over-year).

• Total assets at quarter-end: RMB 37.30 billion (up 4.51% from year-end 2024).

• Net cash from operating activities: RMB 1.07 billion (up 409.68% year-over-year).

• Net profit excluding non-recurring items: RMB 462 million (up 28.37% year-over-year).

Outlook and guidance

• Management and controlling shareholders have initiated and completed share purchase and repurchase plans to boost investor confidence and support long-term value.

• Ongoing execution of major international projects expected to support future growth.