Yantai Jereh Oilfield Services Group (002353) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥3.29 billion, up 22.48% year-over-year, with net profit attributable to shareholders rising 26.32% to ¥588 million.

• Significant new contracts signed by a US subsidiary total over $1.1 billion, expected to positively impact future performance.

Financial highlights

• Operating income for Q1 2026 was ¥3.29 billion, compared to ¥2.69 billion in Q1 2025.

• Net profit attributable to shareholders was ¥588 million, up from ¥466 million year-over-year.

• Basic and diluted EPS both increased to ¥0.58 from ¥0.46, a 26.09% rise.

• Net cash flow from operating activities was -¥1.26 billion, a significant decrease from ¥1.07 billion in Q1 2025.

• Total assets at quarter-end were ¥39.15 billion, with shareholders’ equity at ¥23.49 billion.

Outlook and guidance

• Large-scale US contracts are expected to drive future revenue and profit growth.