Yantai Jereh Oilfield Services Group (002353) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥16.22 billion in 2025, up 21.48% year-over-year, with net profit attributable to shareholders at ¥2.68 billion, a 2.03% increase year-over-year.

• Cash flow from operating activities surged 107.37% to ¥5.38 billion, reflecting strong collections and project prepayments.

• Overseas revenue accounted for 48.32% of total, up 29.85% year-over-year, with new overseas orders exceeding 50% of total.

• Major breakthroughs in data center power supply, securing over $1.1 billion in North American gas turbine generator orders.

• Dividend payout of ¥7.0 per 10 shares, with total cash dividends for 2025 expected to reach ¥867 million, 32.36% of audited net profit.

Financial highlights

• Gross margin for oil & gas sector was 33.44%, and for high-end equipment manufacturing 38.19%.

• Net profit margin remained stable; basic and diluted EPS both at ¥2.64.

• Total assets grew 9.62% to ¥39.13 billion; net assets attributable to shareholders rose 8.84% to ¥23.03 billion.

• R&D expenses increased 8.97% to ¥551 million, with R&D staff up 8.42%.

• Major non-recurring items included asset disposal gains, government subsidies, and fair value changes.

Outlook and guidance

• 2026 global economic growth expected at 3.3%, with Brent crude averaging $60–65/bbl and moderate gas demand growth.

• Company to accelerate global expansion, focus on data center, industrial energy, and new power systems.

• Strategic emphasis on “oil & gas + non-oil” dual engines, with continued investment in R&D and new business incubation.