Shanghai SK Petroleum & Chemical Equipment Corp Ltd

Shanghai SK Petroleum & Chemical Equipment Corporation Ltd. and its subsidiaries research, develop, manufacture, and market oil equipment in China and internationally. The company provides mud logging, high-temperature measurement while drilling (MWD) / logging while drilling (LWD), wireline logging, digital logging, drilling well control, and wellhead oil recovery services, as well as petrochemical equipment including general-purpose, automatic sample preparation, fuel oil, aviation fuel, and lubricating oil and grease test solutions. It also offers oil drilling equipment, logging and drilling equipment and services, petroleum analyzers, logging instruments and services, and housing lease and property management services. Additionally, the company supplies instruments for geological and seismic exploration, earthquake-specific instruments, experimental and analytical instruments, instruments and meters, geological exploration services, engineering and technical services, technology development, consulting, exchange, transfer, and promotion, import and export of goods, leasing of non-residential real estate, and technical labor services. It exports its products to the Americas, the Middle East, Central Europe, Central Asia, South Asia, and Africa. Founded in 1993, the company is headquartered in Shanghai, China.

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Shenkai Shares' 2026 Interim Report Shows Net Profit Down 60.27% Year-on-Year

Shenkai Shares released its 2026 interim report, with net profit attributable to the parent company at 14.0536 million yuan, down 60.27% from the same period last year. Total operating revenue was 357 million yuan, down 12.01% year-on-year. Net cash flow from operating activities was negative 56.6847 million yuan, a decrease of 75.2527 million yuan from the same period last year. The company's latest asset-liability ratio was 26.68%, gross margin was 37.54%, and diluted earnings per share was 0.04 yuan.

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Shenkai Shares Director-Controlled Enterprise Increases Stake by 528,400 Shares and Plans Further Purchases

Shenkai Shares announced that Shanghai Changyi Investment Management, an enterprise controlled by company director Ye Ming, increased its stake in the company by a total of 528,400 shares through centralized competitive bidding on July 21, 2026, representing 0.14% of the company's total share capital. Changyi Investment plans to continue increasing its holdings of the company's unrestricted tradable A-shares through centralized competitive bidding on the Shenzhen Stock Exchange within six months from the date of the first increase, with a planned increase amount of no less than 5 million yuan and no more than 10 million yuan, including the amount already increased on the 21st. Prior to this increase, neither Changyi Investment nor director Ye Ming held any shares in the company.

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