HILONG Reports Interim Profit Turnaround with Shareholder Earnings of RMB 59.9 Million

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HILONG (01623) has released its interim results for the six months ended June 30, 2026, showing a significant financial rebound. The company achieved revenue of RMB 2.356 billion, marking a year-on-year increase of 1.44%, while shareholder-attributable profit reached RMB 59.896 million, a stark contrast to the RMB 324 million loss recorded during the same period last year.

Basic earnings per share came in at RMB 0.0365 for the reporting period. Additionally, the Board has proposed an interim dividend of HKD 0.003 per share.

The company attributed the revenue growth primarily to increased income from its oilfield services segment, specifically citing higher contributions from the casing and tubing trading business as well as integrated drilling and completion technical services compared to the corresponding period in 2025.

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