Yantai Jereh reports strong Q3 results, significant contract win

Yantai Jereh Oilfield Services Group's board of directors approved the 2025 Third Quarter Report, detailing significant financial improvements. Operating revenue for the first nine months of 2025 reached CNY 10,419,812,013.74, a 29.49% increase year-on-year. Net profit attributable to shareholders rose 13.11% to CNY 1,807,957,034.34. The company's total assets grew by 6.68% to CNY 38,079,447,366.41 compared to the end of last year.

The company's positive performance is further evidenced by a 99.45% increase in net cash flow from operating activities, reaching CNY 2,927,423,407.04. Key balance sheet changes include a 39.20% increase in monetary funds due to high operating cash inflows and a 45.70% decrease in notes receivable as customer notes matured.

In other significant developments, the company's controlling shareholders completed a share increase plan of CNY 60,000,320.00. Additionally, the company's subsidiary, Jereh Oil & Gas Engineering Co., Ltd., received an EPC project award from Sonatrach SPA valued at approximately $850 million. The 2025 half-year equity distribution plan, involving a cash dividend of CNY 1.5 per 10 shares, has also been completed.