Jutao Offshore Oil Service (03303) Fa Ying Jing expects shareholders to account for losses of about 70 million yuan to 110 million yuan in the first half of the year

According to the Zhitong Finance App, Jutao Offshore Oil Service (03303) issued an announcement. It is expected that the loss for the six months ending June 30, 2026 or during the period due from the company owner will be between approximately RMB 70 million and RMB 110 million (profit for the period up to June 30, 2025 is RMB 56.049 million). The Board of Directors believes that the main reason for the loss was: (i) construction of some of the Group's active projects was delayed due to customer reasons; (ii) several EPC (design, procurement, construction) projects are currently in the design and procurement stage. As a result, the amount of work to build the site in the first half of this year was seriously insufficient, and revenue decreased significantly compared to the same period last year.