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Shenkai Co., Ltd.: 2026 Semi-Annual Performance Forecast
Express News | Shenkai Co., Ltd.: Net profit for the first half of 2026 is expected to decline by 57.60%–71.73% year-on-year.
Shenkai Co., Ltd. (002278) Dynamic Update: Continued Breakthroughs in Deepwater Equipment; Positive Outlook on the Company's AI-Driven Oilfield Services Expansion Overseas
Investment Highlights: The company's performance in Q1 2026 faced temporary pressure but is expected to recover subsequently. During the Q1 2026 reporting period, the company generated revenue of RMB 139 million (YoY -31.21%) and reported a net loss attributable to shareholders of RMB 21.745 million.
ShenKai Co., Ltd. reported a net profit attributable to shareholders of 55.9136 million yuan in 2025, representing a year-on-year increase of 85.35%, with the non-recurring net profit increasing by 137.37%.
The company reported revenue of 873 million yuan in 2025 (+19.11%), with net profit attributable to parent company shareholders reaching 55.91 million yuan (+85.35%). The growth rate of non-GAAP net profit reached 137.37%, primarily driven by robust core business performance and the impact of non-recurring gains and losses. Gross margin in the manufacturing sector rose to 42.26%, with oil drilling, logging, and measurement-while-drilling equipment collectively contributing over 70% of total revenue. Operating cash flow amounted to 131 million yuan (+26.80%), while R&D intensity approached 10%. The company completed the acquisition of Blue Ocean Zhixin and a targeted share issuance.
Shenkai Co., Ltd.: First Quarter Report for 2026
Shenkai Co., Ltd.: 2025 Annual Report