CM Energy Tech Co. Ltd. has announced that it expects a decrease in revenue of approximately 17% to 20% for the year ended 31 December 2025 compared to the previous year. The company attributes this decline primarily to a year-on-year reduction in orders for offshore engineering-related power control and lifting equipment delivered in 2025, as well as delays in the execution of a land drilling rig upgrade project in Mexico, which led to a decrease in the amount of work completed and revenue recognized during the year.
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