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Shandong Molong Petroleum Machinery Co Ltd (0568.HK)

0568.HK on Hong Kong Stock

2.22HKD
27 Mar 2017
Change (% chg)

HK$-0.02 (-0.89%)
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HK$2.24
Open
HK$2.23
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HK$2.25
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HK$2.22
Volume
455,200
Avg. Vol
1,790,941
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HK$3.97
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HK$2.15

Latest Key Developments (Source: Significant Developments)

Shandong Molong Petroleum Machinery says individual cuts stake in it to 29.5 pct from 33.3 pct via block trade
Thursday, 2 Mar 2017 02:28am EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ>:Says individual Zhang Enrong cut stake in it to 29.5 percent from 33.3 percent via block trade.  Full Article

Shandong Molong faces delisting warning risks due to expected losses for 2nd straight year
Monday, 27 Feb 2017 11:24pm EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ><0568.HK> : Says preliminary 2016 net loss to widen to 593.3 million yuan ($86.39 million) from 259.6 million yuan year ago .Says it faces risks of implementing delisting risk warning as it expects to record net losses for second straight year in 2016.  Full Article

Shandong Molong Petroleum Machinery updates on investigation on Zhang En Rong and Zhang Yun San
Wednesday, 8 Feb 2017 08:40pm EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> : CSRC decided to initiate investigation proceedings against Zhang En Rong and Zhang Yun San . Company will procure Zhang En Rong and Zhang Yun San to fully cooperate with CSRC during investigation .Proceedings pursuant to their suspected violations of securities rules and regulations.  Full Article

Shandong Molong Petroleum Machinery updates on investigation on Zhang En Rong and Zhang Yun San <002490.SZ>
Wednesday, 8 Feb 2017 06:38pm EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> : CSRC decided to initiate investigation proceedings against Zhang En Rong and Zhang Yun San . Company will procure Zhang En Rong and Zhang Yun San to fully cooperate with CSRC during investigation .Proceedings pursuant to their suspected violations of securities rules and regulations.  Full Article

Shandong Molong Petroleum Machinery revises FY forecast
Thursday, 2 Feb 2017 07:42pm EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ>:Revises results forecast: sees FY loss between RMB480 million to RMB630 million.  Full Article

Shandong Molong Petroleum Machinery revises FY forecast <002490.SZ>
Thursday, 2 Feb 2017 06:43pm EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ>:Revises results forecast: sees FY loss between RMB480 million to RMB630 million.  Full Article

Shandong Molong faces delisting risk warning due to expected 2nd straight year of losses
Thursday, 2 Feb 2017 04:23am EST 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ><0568.HK> : Says it expects net loss to widen to 480-630 million yuan ($69.80-91.61 million) in 2016 from 259.6 million yuan year ago .Says it faces risks of implementing delisting risk warning as it expects to record net losses for second straight year in 2016.  Full Article

Shandong Molong Petroleum Machinery posts 41 pct drops in half-year net profit<002490.SZ>
Friday, 19 Aug 2016 06:10am EDT 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ>: The board does not recommend the payment of an interim dividend for the six months ended 30 June 2016 . HY profit attributable to shareholders of the company amounted to RMB6.04 million, which represents a decrease of approximately 41.44% . For the six months ended 30 June 2016, revenue of the group amounted to RMB871.03 million, which represents a decrease of 20.65% . Looking ahead to 2016, international oil price has been keeping low overall, and supply exceeds demand . Percentage contributed by crude oil is not expected to fall swiftly" . Energy industry will maintain steady growth, and the company will surely benefit from these policies . Expects the petroleum market to grow steadily .  Full Article

Shandong Molong Petroleum Machinery issues H1 2016 net profit outlook
Thursday, 28 Apr 2016 08:00pm EDT 

Shandong Molong Petroleum Machinery Co Ltd:Sees net profit for H1 2016 to decrease by 0 pct to 50 pct, or to be 5,156,700 yuan to 10,313,300 yuan, compared to net profit of the same period in 2015 (10,313,300 yuan).Comments that decreased sales of oil business is main reason for the outlook.  Full Article

Shandong Molong Petroleum Machinery announces no dividend payment for 2015
Wednesday, 30 Mar 2016 08:00pm EDT 

Shandong Molong Petroleum Machinery Co Ltd:Says the company will pay no dividend to shareholders for 2015.  Full Article

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Shandong Molong says securities regulator investigating chairman

HONG KONG, Feb 9 Shandong Molong Petroleum Machinery Co Ltd said on Thursday China's securities regulator was investigating its controlling shareholder and chairman for suspected violations of securities rules and regulations.