• Hilong Holding FY25 swung to a net loss of RMB 320 million, versus net profit of RMB 30 million a year earlier.
• Revenue rose 4.4% to RMB 4.9 billion.
• Operating result shifted to a loss of RMB 2 million, driven by a RMB 325 million impairment on property, plant and equipment.
• Offshore engineering services revenue jumped 51.5% to RMB 1.5 billion, while oilfield equipment manufacturing and services revenue dropped 37.6% to RMB 1.3 billion on lower drill pipe sales.
• Hilong agreed to sell vessel HAI LONG 106 for USD 100 million as it pivots toward higher-value offshore engineering services with less reliance on vessel operations.

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. Hilong Holding Limited 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-20260329-12075697), on March 29, 2026, and is solely responsible for the information contained therein.