Jereh H1 Revenue RMB7.646 Billion, Up 10.81%; Net Profit RMB1.196 Billion, Down 3.65%; Proposes Dividend
Jereh reported first-half 2026 revenue of RMB7.646 billion, up 10.81% year on year, while net profit attributable to shareholders fell 3.65% to RMB1.196 billion. Basic earnings per share were RMB1.18. The company proposed a cash dividend of RMB1.5 per 10 shares (tax inclusive). The decline in net profit was attributed to delivery delays in oil and gas engineering projects due to geopolitical conflicts, exchange rate fluctuations, and the disposal of Guangming Energy.
Jereh disclosed its 2026 semi-annual report on August 13. During the reporting period, the company achieved operating revenue of RMB7.646 billion, up 10.81% year on year; net profit attributable to shareholders of the listed company was RMB1.196 billion, down 3.65% year on year; basic earnings per share were RMB1.18. The company also announced a profit distribution plan, proposing a cash dividend of RMB1.5 per 10 shares (tax inclusive).
The company said the decline in first-half net profit was mainly due to the combined impact of delivery delays in oil and gas engineering projects caused by geopolitical conflicts, exchange rate fluctuations, and the disposal of Guangming Energy.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is neutral for Oilfield Equipment & Services, with intensity 30/100 and 60% confidence over a short term horizon.
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