Yantai Jereh reports strong Q3 2025 revenue and profit growth

For the third quarter of 2025, Yantai Jereh Oilfield Services Group reported a 13.90% increase in operating revenue, reaching 3.52bn yuan, with year-to-date revenue up 29.49% to 10.42bn yuan. Net profit attributable to shareholders rose by 11.11% to 566.8m yuan for the quarter, and by 13.11% year-to-date, totaling 1.81bn yuan. Basic earnings per share increased by 11.55% to 0.56 yuan for the quarter and 13.38% to 1.78 yuan year-to-date.

The company's total assets grew by 6.68% since the end of last year, reaching 38.08bn yuan, while net assets attributable to shareholders increased by 4.69% to 22.15bn yuan. Net cash flow from operating activities saw a substantial rise of 99.45% year-to-date, amounting to 2.93bn yuan.

Key drivers for the improved financial performance include increased business volume, enhanced cash collection, and favorable foreign exchange gains. The company also announced that major shareholders increased their stake by 1,645,900 shares, totaling 60.00m yuan, demonstrating confidence in future growth. Additionally, a major EPC contract for a gas boosting project worth approximately $850m was secured, and a cash dividend of 1.50 yuan per 10 shares was distributed.