Yantai Jereh Oilfield Services Group (002353) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥6.90 billion, up 39.21% year-over-year, with net profit attributable to shareholders at ¥1.24 billion, up 14.04% year-over-year.

• All major business segments achieved rapid growth, with natural gas-related business income up 112.69% year-over-year and overseas revenue up 38.38%.

• Cash flow from operating activities increased 196.36% year-over-year to ¥3.14 billion, reflecting strong collections and project advances.

• The board approved an interim cash dividend of ¥1.5 per 10 shares, totaling ¥153 million.

Financial highlights

• Operating income: ¥6.90 billion, up 39.21% year-over-year.

• Net profit attributable to shareholders: ¥1.24 billion, up 14.04% year-over-year.

• Basic and diluted EPS: ¥1.22, up 14.02% year-over-year.

• Gross margin for oil & gas: 33.79%; for high-end equipment: 38.28%; for overseas: 37.76%.

• Operating cash flow: ¥3.14 billion, up 196.36% year-over-year.

Outlook and guidance

• Management expects continued growth in natural gas, high-end equipment, and overseas markets.

• Order backlog at period-end was ¥12.39 billion, up 34.76% year-over-year.

• New orders in H1 2025 reached ¥9.88 billion, up 37.65% year-over-year.