Jutal Offshore Oil Services Issues Significant Profit Warning for FY2025

Key Points for Investors

• Substantial Decline in Profit Expected: Jutal Offshore Oil Services Limited has issued a profit warning, indicating that the Group expects to record a profit attributable to owners for the year ending 31 December 2025 in the range of approximately RMB30 million to RMB60 million. This represents a sharp decrease of about 83.79% to 67.58% compared to the profit attributable to owners of RMB185.07 million for the year ended 31 December 2024.
• Significant Reduction in Workload: The primary reason cited for this drastic decline is a significant reduction in the workload at the Group’s manufacturing sites compared to the previous year. This operational slowdown is likely to have a direct impact on the Group’s revenue and profitability.
• Preliminary and Unaudited Figures: The announcement stresses that these financial figures are based on the management’s preliminary assessment of unaudited management accounts for FY2025. These figures may be subject to further finalization and necessary adjustments after the audit process.

Important Information for Shareholders

• Potential Share Price Impact: Given the magnitude of the expected profit decline, this news is highly price sensitive and could significantly affect the Company’s share price. Investors should be aware that the Company’s profitability is expected to be substantially lower in 2025, which may prompt market reactions.
• Regulatory Disclosure: The profit warning is issued in compliance with Rule 13.09(2)(a) of the Listing Rules of the Stock Exchange of Hong Kong and the Inside Information Provisions of Part XIVA of the Securities and Futures Ordinance. This ensures all investors are equally informed of the potential financial downturn.
• Future Announcements: The Company will release detailed, audited financial results for FY2025 in its annual results announcement in due course, as required by the Listing Rules. Shareholders and potential investors are urged to review that document when it becomes available.
• Management Statement: The Board, led by Chairman Wang Lishan, advises all shareholders and potential investors to exercise caution when dealing in the Company’s securities in light of the expected significant decrease in profit.
• Board Composition: As of the date of the announcement, the Board comprises Mr. Wang Lishan (Chairman) and Mr. Tang Hui as executive directors, and Ms. Choy So Yuk, Mr. Tam Kin Yip, Mr. Cheung Ngar Tat Eddie, and Mr. Zhang Hua as independent non-executive directors.
• Language Disclaimer: In case of discrepancies between the Chinese and English versions of the announcement, the Chinese version shall prevail.

Investor Takeaway

The profit warning issued by Jutal Offshore Oil Services Limited signals a major downturn in expected profitability for FY2025, primarily due to a significant reduction in operational workload. This information is highly relevant for shareholders and potential investors, as it could have a material impact on the Company’s share price. Market participants should pay close attention to further announcements and exercise caution in trading the Company’s securities.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review subsequent audited financial statements and consider their own circumstances before making any investment decisions. The figures discussed are based on preliminary and unaudited accounts and may be subject to change.

View JUTAL OIL SER Historical chart here