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Lanzhou Haimo Technologies Co

Haimo Technologies Group Corp. provides technologies, products, and services for oil and gas production enhancement, production optimization, and reservoir management. It operates in China, the Middle East, North Africa, Central, South and Southeast Asia, and North and South America. The company offers multiphase flow metering products and services, subsea products, fracturing equipment and services, logging tools, downhole pressure gauges, well tractors, geothermal instruments, digital oilfield solutions, and oilfield equipment and spare parts. It also provides CO2 online monitoring, horizontal well gas-liquid-sand intelligent control and monitoring, open hole logging services, and quantum dot tracer production liquid profile testing. Formerly known as Lanzhou Haimo Technologies Co., Ltd., it changed its name to Haimo Technologies Group Corp. in November 2016. The company was founded in 1994 and is based in Lanzhou, China.

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Haimo Technologies' 2026 Interim Report Shows Net Loss of 35.85 Million Yuan

Haimo Technologies released its 2026 interim report, with total operating revenue of 130 million yuan, down 34.20% year-on-year, and net profit attributable to the parent company of negative 35.85 million yuan, with the loss widening year-on-year. Net cash flow from operating activities was negative 52 million yuan, down 373.12% year-on-year. The company's asset-liability ratio was 29.84%, gross margin was 40.08%, ROE was negative 2.81%, and diluted earnings per share was negative 0.07 yuan.
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Haimo Technologies 2026 Interim Report: Core Business Structure Optimized, Financial Foundation Further Consolidated

Haimo Technologies disclosed its 2026 semi-annual report on the evening of August 26, 2026. During the reporting period, the company achieved operating revenue of 129.87 million yuan. After excluding the impact of share-based payments, net profit attributable to shareholders of the listed company was negative 7.91 million yuan, narrowing the loss by 36.99% compared with the same period last year. The company's core multiphase metering segment achieved revenue of 99.15 million yuan, with the proportion of service revenue rising from 55% in the same period last year to 63%, shifting its business focus from equipment sales to an integrated service model of equipment plus operations and maintenance plus technical support. In overseas business, the company has built a collaborative model of localized operations plus data platforms plus engineering procurement and construction in the Middle East and North Africa. Preparations for its Saudi assembly plant are advancing, the Oman project has achieved a high proportion of local employee staffing, WTMS digital products have completed large-scale deployment in Oman, and early production facility projects have extended the company's positioning to that of a small-scale turnkey service provider. On the financial side, the transfer of subsidiary equity and intangible assets brought in a total of 263 million yuan. Cash and trading financial assets totaled 714 million yuan, and the asset-liability ratio dropped to 30%. The company also contributed a total of 70 million yuan to a fund in cooperation with CICT Capital, exploring new quality productive forces, and completed the grant registration of its restricted stock incentive plan.
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Haimo Technology Establishes Wholly-Owned Intelligent Computing Subsidiary in Hangzhou, Venturing into AI Business

Haimo Technology has wholly established Haimo Intelligent Computing Technology (Hangzhou) Co., Ltd. in Hangzhou. The new company's business scope covers artificial intelligence general application systems, AI hardware sales, AI industry application system integration services, and AI application software development. According to corporate registry data, the company is wholly owned by Haimo Technology.
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