Xinchao Energy disclosed its 2026 semi-annual report on August 27. In the first half, it achieved total operating revenue of 3.118 billion yuan, down 21.52 percent year on year. Net profit attributable to the parent company was 330 million yuan, down 65.59 percent year on year. Net profit after deducting non-recurring items was 282 million yuan, down 70.58 percent year on year. The company plans to distribute a cash dividend of 0.1 yuan per 10 shares, tax included, to all shareholders. As of the end of the first half, the company's net cash flow from operating activities was 2.113 billion yuan, down 23.67 percent year on year. The company's main business is the exploration, development and sale of oil and natural gas.
Shandong Xinchao Energy Co LtdFirst-half net profit fell 65.59% year on year, with revenue down 21.52%.
