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Shandong Molong Petroleum Machinery Co Ltd (0568.HK)

0568.HK on Hong Kong Stock

1.65HKD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Shandong Molong Petroleum Machinery Co revises forecast for interim results
Friday, 14 Jul 2017 04:32am EDT 

July 14 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> ::Company's results in first half year of 2017 turned around from loss to profit.Expects FY net profit attributable within the range of RMB5 million to RMB10 million versus loss of RMB 146.27 million.  Full Article

Shandong Molong Petroleum Machinery obtains govt subsidies
Friday, 30 Jun 2017 08:34am EDT 

June 30 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd 0568.HK::Announcement On Obtaining Government Subsidies .Received a notice from finance bureau of Shouguang City regarding "granting subsidies as oil reward to molong".Finance bureau of Shouguang City allocated RMB 150 million to co for rewards on energy saving & emission reduction.  Full Article

Shandong Molong Petroleum Machinery updates on investigation notice from CSRC
Friday, 26 May 2017 07:45am EDT 

May 26 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> ::As at date of announcement, co did not receive official administrative penalty from China Securities Regulatory Commission.Refers to investigation notice from CSRC that co might have breached securities rules and regulations.  Full Article

Shandong Molong Petroleum Machinery sees H1 FY 2017 net loss to be up to 50 mln yuan
Thursday, 27 Apr 2017 04:58am EDT 

April 27 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> ::* Sees H1 FY 2017 net loss to be up to 50 million yuan.* Says H1 FY 2016 net loss was 88.0 million yuan.* The reasons for the forecast are fluctuation of raw material price and increased production cost .  Full Article

Shandong Molong Petroleum Machinery says qtrly net loss rmb 54.8 mln
Wednesday, 26 Apr 2017 11:13am EDT 

April 26 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd <002490.SZ>::Qtrly operating revenue rmb 471.8 million versus rmb 383.8 million.Qtrly net loss attributable to shareholders of rmb 54.8 million versus net loss rmb 58.3 million.  Full Article

Shandong Molong Petroleum Machinery updates on co's ability to continue as going concern
Monday, 10 Apr 2017 08:22pm EDT 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ>: Conditions indicate that a material uncertainty exists that may cast significant doubt on company's ability to continue as a going concern . "Currently, group is adopting various measures to reduce its production cost" .Group incurred a loss of RMB650.7 mln in its consolidated financial statements during year 2016.  Full Article

Shandong Molong Petroleum Machinery Co says trading of A shares of co will be suspended for one day on 6 April
Wednesday, 5 Apr 2017 10:09am EDT 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> : Trading of a shares of co will be suspended for one day on 6 april 2017 .Upon resumption on 7 april 2017, a shares of company will be subject to "delisting risk warning".  Full Article

Shandong Molong Petroleum Machinery's 2016 net loss widens, to implement delisting risk warning
Wednesday, 5 Apr 2017 08:00am EDT 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> : Says it will implement delisting risk warning from April 7 after reporting two straight years of net losses . Says share trade to halt on April 6 and will resume on April 7 .Says its 2016 net loss widens to 612.5 million yuan ($88.84 million) from 259.6 million yuan year ago.  Full Article

Shandong Molong Petroleum Machinery posts FY net loss of RMB612.5 mln
Thursday, 30 Mar 2017 09:55pm EDT 

Shandong Molong Petroleum Machinery Co Ltd <002490.SZ> : FY net loss attributable RMB612.5 million versus loss of RMB259.6 million last year . Board does not recommend payment of final dividend for year ended 31 December 2016 .FY total revenue from operations of group amounted to RMB1.53 billion a decrease of approximately 5.13 pct.  Full Article

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

Reeling with debt, Shandong Molong raises 'significant doubts' on future

HONG KONG, April 11 Shandong Molong Petroleum Machinery Co Ltd said on Tuesday it had "significant doubts" about its ability to continue operating with its liabilities exceeding assets by 15.83 billion yuan ($2.3 billion) at the end of 2016.