Hailong Holdings (01623.HK) has issued a positive profit alert, anticipating a mid-term net profit of approximately 35 million to 55 million yuan, marking a turnaround from loss to profit compared to the same period last year.

Zhitong Finance APP reported that Hailong Holdings (01623.HK) announced that, compared to a net loss of approximately RMB 324.9 million for the six months ending June 30, 2025, the group expects to achieve a net profit of approximately RMB 35 million to about RMB 55 million for the six months ending June 30, 2026 (the reporting period). The turnaround from loss to profit is mainly attributed to (i) an increase in revenue from the oil casing trade business and integrated drilling and completion technical services under the oilfield service segment compared to the same period in 2025; and (ii) the absence of a one-time impairment loss recorded in the same period of 2025. For the six months ending June 30, 2025, the group recognized an impairment loss of RMB 329.3 million for a vessel. Since this vessel was sold at the end of 2025, there were no related impairments or classification impacts during the reporting period.