On September 2, SHANDONG MOLONG surged 11.75% in regular trading, reaching HK$5.13 per share, with turnover of approximately HK$62.22 million. The sharp rally came amid a broad uptick in oil and gas equities, driven by continued strength in international crude prices with Brent crude climbing above $89 per barrel.

The move follows the company's recent half-year report released on August 28, which showed revenue of RMB 1.253 billion for the first half, a 57.10% year-over-year increase. Overseas revenue surged over 76.91%, reflecting the company's accelerating international expansion. However, net profit attributable to shareholders declined 65.38% to RMB 42.11 million, as cost pressures offset top-line gains. Pipe products remained the dominant revenue contributor at 95.48% of total sales.

Within the Oil & Gas Equipment & Services sector, PETRO-KING rose 5.88%, SINOPEC SSC gained 3.03%, and ANTON OILFIELD added 0.67%, indicating broad sector support from the oil price rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)