Bomesc Offshore Engineering Co

BOMESC disclosed its semi-annual report, with operating revenue of 764 million yuan in the first half of 2026, down 26.72 percent year-on-year. Attributable net loss was 70.44 million yuan, compared with a net profit of 12.39 million yuan in the same period last year. The company said the decline in attributable net profit was mainly due to lower project revenue in the current period.

BOMESC disclosed its earnings forecast, expecting a net loss attributable to the parent company of 65 million to 78 million yuan in the first half of 2026, compared with a profit of 12.3858 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 72 million to 85 million yuan, compared with a profit of 750,300 yuan in the same period last year. The company stated that the decline in performance was mainly affected by the triple superposition of the external industry environment, exchange rate fluctuations, and internal project cycle transitions. The investment implementation cycle for overseas oil and gas projects has lengthened, and revenue from newly signed contracts is concentrated in the second half of the year. At the same time, the strengthening of the renminbi exchange rate led to exchange losses, and the continuous amortization of fixed costs during the transition period between old and new projects jointly led to the expected loss.