Hilong Holding Limited reported revenue of RMB2,322.5 million for the first half of 2025, representing a decrease of 5.8% compared to the same period in 2024. The oilfield equipment manufacturing and services segment recorded revenue of RMB716.6 million, reflecting a decrease of 36.7% from the previous year. In contrast, revenue from the offshore engineering services segment increased by RMB352.5 million, or 86.0%, rising from RMB409.7 million for the six months ended 30 June 2024 to RMB762.2 million for the first half of 2025. Cost of sales and provision of services increased by RMB33.8 million, or 1.8%, reaching RMB1,921.1 million for the first half of 2025. Gross profit declined by RMB176.9 million, or 30.6%, to RMB401.4 million, with a gross profit margin of 17.3%. Hilong stated that it will continue to pursue growth in key markets such as the United States, Middle East, Southeast Asia, and South America. The company aims to secure additional high-end orders and expand its presence in the international market, focusing on new markets, high-tech businesses, and new products in the second half of 2025. The group also highlighted ongoing efforts to strengthen cash flow management and improve operating efficiency through measures such as enhanced accounts receivable and inventory management.