Last $4.68 HKD
Change Today -0.19 / -3.90%
Volume 4.0M
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As of 3:21 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

shandong molong petroleum-h (568) Snapshot

Open
$4.87
Previous Close
$4.87
Day High
$4.99
Day Low
$4.68
52 Week High
07/15/14 - $5.15
52 Week Low
04/1/14 - $1.85
Market Cap
7.3B
Average Volume 10 Days
6.8M
EPS TTM
$-0.22
Shares Outstanding
256.1M
EX-Date
07/7/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SHANDONG MOLONG PETROLEUM-H (568)

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shandong molong petroleum-h (568) Details

Shandong Molong Petroleum Machinery Co., Ltd. is engaged in the design, research and development, processing, manufacture, and sale of petroleum machinery primarily in the People’s Republic of China. The company operates through four segments: Casing and Tubing, Three Kinds of Pumping Units, Petroleum Machinery, and Others. Its products include tubing, casing, special seamless tubes, sucker rods, sub-surface sucker rod pumps, pump units, fluid injection pumps, various down hole tools, etc.; precision and other steel; speed reducers; and industrial valves. The company offers oil well pumps, oil well sucker rods, oil pumping machinery, oil pumping pipes, petroleum machinery, textile machinery, petroleum equipment and accessories, high pressure isolation switches, high pressure electrical appliances, related electrical equipment, and metal material specialized for petroleum use. It is also involved in the warehousing an loading of goods; provision of information service on commodities; processing and sale of alloy accessories; trading of scrap metals; and acquisition and sale of petroleum extraction and chemical machinery electric equipment. The company exports its petroleum machinery and accessories to the United States, Canada, Russia, India, the Middle East, Middle Asia, Africa, and South America. Shandong Molong Petroleum Machinery Co., Ltd. was founded in 2001 and is headquartered in Shouguang City, China.

Founded in 2001

shandong molong petroleum-h (568) Top Compensated Officers

Co-Founder, Vice Chairman, General Manager, C...
Total Annual Compensation: CNY586.5K
Founder, Chairman and Head of Strategic Plann...
Total Annual Compensation: CNY701.9K
Co-Founder and Executive Director
Total Annual Compensation: CNY301.9K
Deputy General Manager and Executive Director
Total Annual Compensation: CNY391.7K
Chairman of the Supervisory Committee
Total Annual Compensation: CNY86.7K
Compensation as of Fiscal Year 2013.

shandong molong petroleum-h (568) Key Developments

Shandong Molong Petroleum Machinery Co., Ltd. Announces Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2013

Shandong Molong Petroleum Machinery Co., Ltd. announced audited consolidated and parent earnings results for the year ended December 31, 2013. For the year, on consolidated basis, the company's net loss attributable to shareholders of the company was RMB 175,722,248.47 compared with profit of RMB 134,263,035.30 a year ago. Net cash flows used in operating activities was RMB 155,479,887.20 compared with net cash flows from operating activities of RMB 445,930,901.29 a year ago. Cash payments to acquire or construct fixed assets, intangible assets and other long-Term assets was RMB 460,056,878.79 compared with RMB 604,837,780.57 a year ago. For the year, on parent basis, the company's operating revenue was RMB 2,363,939,820.73 against RMB 3,052,778,099.41 a year ago. Operating loss was RMB 120,921,334.87 against operating profit of RMB 81,653,572.88 a year ago. Total loss was RMB 108,496,782.09 compared with total profit of RMB 124,601,247.16 a year ago. Net loss was RMB 87,089,880.40 compared with net profit of RMB 109,432,153.86 a year ago. Net cash flows used in operating activities was RMB 290,820,296.03 compared with net cash flows from operating activities of RMB 36,478,362.75 a year ago. Cash payments to acquire or construct fixed assets, intangible assets and other long-Term assets was RMB 295,150,529.18 compared with RMB 266,339,548.53 a year ago.

Shandong Molong Petroleum Machinery Co., Ltd. Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2014; Announces Consolidated and Parent Asset Impairment Losses for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the First Half Ending June 30, 2014

Shandong Molong Petroleum Machinery Co., Ltd. reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis the company reported total revenue from operations of RMB 660,989,102.61 against RMB 568,627,770.06 a year ago. Operating profit was RMB 3,404,030.23 against RMB 22,402,018.36 a year ago. Net profit was RMB 5,180,207.91 against RMB 18,764,755.85 a year ago. Net profit attributable to owners of the company was RMB 4,446,742.33 or RMB 0.01 per basic and diluted share against RMB 17,737,773.80 or RMB 0.02 per basic and diluted share a year ago. Net cash flows from operating activities were RMB 23,533,002.87 against net cash used in operating activities of RMB 121,618,641.96 a year ago. Cash paid for acquisition of fixed assets, intangible assets and other long-term assets were RMB 79,496,821.22 against RMB 97,721,240.12 a year ago. For the quarter, on parent basis the company reported total revenue from operations of RMB 678,460,479.62 against RMB 589,145,169.87 a year ago. Operating profit was RMB 6,002,306.77 against RMB 22,711,114.29 a year ago. Net profit was RMB 8,357,442.32 against RMB 20,388,321.70 a year ago. Net cash flows from operating activities were RMB 26,896,311.02 against net cash used in operating activities of RMB 34,236,348.28 a year ago. Cash paid for acquisition of fixed assets, intangible assets and other long-term assets were RMB 61,875,059.55 against RMB 79,336,162.30 a year ago. For the quarter, the company recorded consolidated asset impairment losses of RMB 3,088,128.75 against RMB 1,260,232.86 a year ago. For the quarter, on parent basis, the company announced asset impairment losses of RMB 3,088,128.75. For the first half ending June 30, 2014, the company expected net profit attributable to shareholders of the listed company to be RMB 31,920,000, it mainly because influenced by economic situation, market competition is intense and unordered, product sales prices are down from a year earlier, resulting in a decline in net income.

Shandong Molong Petroleum Machinery Co., Ltd., Board Meeting, Apr 25, 2014

Shandong Molong Petroleum Machinery Co., Ltd., Board Meeting, Apr 25, 2014., at 09:00 China Standard Time. Agenda: To consider and approve proposals regarding the release of the first quarter results of the Company and its subsidiaries for the year ended March 31, 2014; and to consider the payment of a final dividend (if any).

 

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