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]

Core Viewpoint - The company 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 is an increase of 2885.6% compared to the previous year [1] - Basic loss per share was HKD 0.68 cents [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 because a supervisory service contract expired in the first half of 2024, with no income generated from that contract in the first half of 2025 [1]

Core Viewpoint - The company, 百勤油服 (02178), anticipates a significant increase in losses for the first half of 2025, projecting a loss attributable to shareholders of no more than 15 million HKD, compared to an estimated loss of approximately 400,000 HKD in the first half of 2024, marking an increase of no more than 14.6 million HKD [1] Group 1 - The increase in projected losses is primarily attributed to a substantial decrease in revenue from enhanced oil recovery services provided to shale gas fields in Southwest China [1] - A major client has delayed several enhanced oil recovery projects to the second half of 2025 based on its internal extraction plans, contributing to the revenue decline [1] - Additionally, the expiration of a supervisory service contract in the Middle East in the first half of 2024 has resulted in reduced earnings, as there was no income generated from service contracts during the reporting period [1]

Core Viewpoint - The company anticipates a significant increase in losses for the first half of 2025, projecting a loss attributable to shareholders of no more than 15 million HKD, compared to an estimated loss of approximately 400,000 HKD for the first half of 2024, marking an increase of no more than 14.6 million HKD [1] Group 1: Financial Performance - The projected loss for the first half of 2025 is expected to be no more than 15 million HKD [1] - The estimated loss for the first half of 2024 is approximately 400,000 HKD, indicating a substantial increase in losses [1] - The increase in losses is primarily attributed to a significant reduction in revenue from enhanced production services provided to shale gas fields in Southwest China [1] Group 2: Revenue Drivers - A major client has delayed several enhanced production projects to the second half of 2025 based on its internal extraction plans, contributing to the revenue decline [1] - The expiration of a supervisory service contract in the Middle East in the first half of 2024 has also led to a decrease in the company's revenue, as there was no income generated from service contracts during the reporting period [1]