- MIE Energy published an annual results announcement, reporting revenue of RMB706.41 million, down 21.3% due mainly to lower crude oil prices and production volumes.
- Loss attributable to owners was RMB502.94 million, while basic loss per share was RMB0.15.
- EBITDA was RMB248.16 million, down 49%, and adjusted EBITDA was RMB383.1 million, down 31.1%.
- Average realized crude oil price was US$66.68 per barrel, down 16.4%, and net sales of crude oil were 1,481,000 barrels, down 6.4%.
- For 2026, the company guided net crude oil production of 3,000-4,000 barrels/day for the Daan project and capex of US$8 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MIE Holdings Corporation published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260320-12061484), on March 20, 2026, and is solely responsible for the information contained therein.