The Zhitong Finance App learned that Baiqin Oil Service (02178) fell more than 8% in the morning. As of press release, it had risen 8.62% to HK$0.265, with a turnover of HK$1,685,500.

According to the news, recently, Baiqin Oil Service announced its interim results for the six months ended June 30, 2026. The group achieved a profit of HK$48.125 million, a year-on-year decrease of 56.75%; losses attributable to the owners of the Company were HK$35.325 million, an increase of 199.54% over the previous year; and a loss of 2.05 HK cents per share.

According to the announcement, the decline in revenue was mainly due to a customer delaying several shale gas production increase projects until the second half of 2026 in accordance with its internal mining plan, leading to a reduction in production-increasing services provided in southwest China.

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