Core Viewpoint - Baikin Oilfield Services (02178) reported a significant decline in revenue and an increase in losses for the six months ending June 30, 2025, primarily due to delays in shale gas production projects and reduced income from the Middle East market [1] Financial Performance - Revenue for the period was HKD 111 million, representing a year-on-year decrease of 32.9% [1] - The loss attributable to the company's owners was HKD 11.793 million, which expanded by 2885.6% year-on-year [1] - Basic loss per share was HKD 0.68 [1] Operational Factors - The decrease in revenue was mainly due to a client delaying several shale gas production enhancement projects to the second half of 2025, resulting in reduced enhancement services provided in Southwest China [1] - Additionally, revenue from the Middle East market 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]
百勤油服(02178)发布中期业绩，股东应占亏损1179.3万港元，同比扩大2885.6%