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Shandong Molong Petroleum Machinery Co Ltd

Shandong Molong Petroleum Machinery Company Limited designs, develops, produces, and sells products and services for the energy equipment industry in China and internationally. It operates through segments including Pipe Products; Oil sucker, sucker pump, sucker rod; Petroleum Machinery Parts; Casting and Forging; and Others. The company offers oil casings, drill pipe bodies, various pipes, sucker rods, oil pumps, pumping units, downhole tools, and precision castings and forgings. Its products serve oil, natural gas, shale gas, coalbed methane, hydrogen energy, refining, coal mining, boiler and construction machinery manufacturing, and oilfield services, and are exported to the Middle East, Southeast Asia, Central Asia, Africa, South America, and other regions. Founded in 1987, it is based in Shouguang, China.

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Price · split & dividend adjusted
News & notes moving 0568.HK
0568.HK▼2

Shandong Molong's 2026 interim net profit was 4.2108 million yuan, down 65.38% year-on-year

Shandong Molong released its 2026 interim report. The company's total operating revenue was 1.253 billion yuan, up 57.10% year-on-year, while net profit attributable to the parent company was 4.2108 million yuan, down 65.38% year-on-year. Net cash inflow from operating activities was 20.4482 million yuan, down 91.98% year-on-year. The company's asset-liability ratio was 82.28%, gross margin was 9.71%, ROE was 0.84%, and diluted earnings per share was 0.01 yuan. Total asset turnover was 0.45 times, and inventory turnover was 1.69 times. The number of shareholders was 77,400, and the top ten shareholders held 64.87% of the total share capital.
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Energy Transition & Power Demand▲

A-shares rally across the board; ChiNext gains nearly 2%; oil and gas, computing power concept stocks active

At the open on July 20, major A-share indices rallied across the board. The ChiNext Index rose nearly 2%, and the SSE 50 gained over 2%. On the sector front, semiconductors, MLCC concept stocks, CPO concept stocks, memory chips, and optical communications led the gains, while traditional Chinese medicine and white goods were among the laggards. Oil and gas stocks strengthened collectively, with Shandong Molong hitting its daily limit up in a straight line, and Keli Shares and Tongyuan Petroleum following higher. Brent crude topped 91 dollars per barrel, up 3.77% intraday. Computing power leasing concepts were active, with Litong Electronics hitting its daily limit up. In news, Moonshot AI's Kimi suspended new consumer subscriptions to focus on existing subscribers and expand computing power capacity. Kimi concept stocks opened sharply higher, with Jiuan Medical hitting the daily limit up for the fourth time in five sessions, and Mio Exhibition notching its second consecutive limit up. CPO concept stocks fluctuated higher, with Gongjin Shares hitting its daily limit up. Eoptolink Technology expects first-half 2026 net profit of 7 billion to 8 billion yuan, a year-on-year increase of 77.56% to 102.93%. The power sector was repeatedly active, with Huayin Electric Power hitting its second consecutive limit up. Jiangsu's power grid reached a peak load of 157.59 gigawatts, topping the 100-million-kilowatt mark for the tenth consecutive year. In Hong Kong, the Hang Seng Index and Hang Seng Tech Index rose, with Yangtze Optical Fibre and Cable surging over 9% and Alibaba gaining over 5%.
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Energy Transition & Power Demand ▲Artificial Intelligence
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