Oriental Energy Co Ltd

Oriental Energy released its 2026 semi-annual report, with net profit attributable to shareholders reaching 215 million yuan in the first half, up 224.38% year on year and the highest for the same period in nearly five years. First-half operating revenue was 12.424 billion yuan, down 23.70% year on year, mainly because disruptions in Middle East liquefied petroleum gas procurement led to a decline in the LPG trading business. Polypropylene and propylene businesses posted operating revenue of 7.568 billion yuan and 1.134 billion yuan respectively, up 15.04% and 29.10% year on year, together accounting for 70.05% of total revenue and becoming the core support for profit growth. Leveraging its integrated ship, storage and trading advantages and long-term cooperation with international energy giants, the company effectively coped with raw material supply security and price fluctuation pressures brought by geopolitical conflicts. In addition, the first pre-oxidation and carbonization production lines of the Maoming high-performance carbon fiber phase one project completed trial runs with materials, and core performance indicators of the samples reached T1000-grade standards.

On the evening of August 23, multiple A-share companies released impressive first-half reports, with earnings doubling or even growing several times over. Wankai New Materials achieved first-half operating revenue of 9.652 billion yuan, up 17.52 percent year on year, and net profit attributable to shareholders of 562 million yuan, surging 910.09 percent. China Tungsten and Hightech Materials posted first-half operating revenue of 16.385 billion yuan, up 108.51 percent, with net profit attributable to shareholders of 2.076 billion yuan, rising 280.53 percent. Yuegui Co. reported first-half operating revenue of 2.343 billion yuan, up 72.37 percent, and net profit attributable to shareholders of 663 million yuan, up 182.76 percent. In addition, Vanadium Titanium Resources and Zhiguang Electric successfully turned losses into profits, while net profit at Shangfeng Materials, Oriental Energy, and Dymatic Chemicals more than doubled. As of the evening of August 23, more than 1,700 A-share companies had completed their first-half report disclosures, with 60 percent reporting year-on-year net profit growth and 18.8 percent achieving a doubling of net profit.

Oriental Energy disclosed its earnings forecast, estimating net profit attributable to the parent for the first half of 2026 at 179 million to 243 million yuan, a year-on-year increase of 169.67% to 266.09%. Deducted non-recurring net profit is expected to be 80 million to 110 million yuan, up 131.06% to 217.71% year-on-year. Basic earnings per share are projected at 0.1136 to 0.1542 yuan. The company stated that the earnings growth was mainly due to geopolitical conflicts pushing up international energy prices, with rising costs and tight feedstock supply driving up prices of petrochemical products such as polypropylene. At the same time, leveraging the integrated ship-storage-trade advantage formed through the entrusted management of Mason Energy, the company saw wider spreads for its main products and improved profitability.

Oriental Energy announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 179 million yuan and 243 million yuan, representing a year-on-year increase of 169.67% to 266.09%. The change in performance is mainly due to geopolitical conflicts pushing up international energy prices, and the company leveraging its integrated ship-storage-trade advantages to widen spreads on its main products, thereby improving profitability.