Core Viewpoint - The company, 百勤油服 (02178.HK), is expected to see a significant decline in revenue for the first half of 2025, dropping approximately 32.9% from about 165.9 million HKD in the first half of 2024 to around 111.3 million HKD in the first half of 2025 due to delays in shale gas production projects and reduced income from the Middle East market [1] Revenue Summary - The anticipated revenue for the first half of 2025 is approximately 111.3 million HKD, a decrease of about 32.9% from 165.9 million HKD in the first half of 2024 [1] - The revenue decline is primarily attributed to a client's internal extraction plan that has postponed several shale gas enhancement projects to the second half of 2025, resulting in reduced enhancement services in Southwest China [1] - Additionally, revenue from the Middle East market has decreased due to the expiration of a supervisory service contract in the first half of 2024, with no income generated from this contract in the first half of 2025 [1] Loss Summary - The company's net loss for the first half of 2025 is projected to be approximately 11.5 million HKD, with losses attributable to shareholders estimated at 11.8 million HKD, both of which represent an increase of about 11.1 million HKD and 11.4 million HKD respectively compared to the first half of 2024, where losses were around 0.4 million HKD [1]
百勤油服(02178.HK)上半年收益减少约32.9%至约1.11亿港元