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XinJiang Beiken Energy Engineering Stock Co Ltd

Beiken Energy Group Co., Ltd. is an integrated energy company engaged in oil and gas exploration and development in China and internationally. It provides drilling and completion project management, equipment maintenance and inspection, and physical asset leasing, as well as specialized engineering services such as workover and ESP services, completion design and implementation, and natural gas recovery and utilization. The company also offers low carbon energy and AI solutions, including smart microgrid systems, energy storage and optimization, clean power for camps, real-time unsafe act detection using AI video analytics, and LoRa-based remote data and project monitoring. Formerly known as XinJiang Beiken Energy Engineering Co., Ltd., it changed its name to Beiken Energy Group Co., Ltd. in September 2024. Founded in 2009, the company is based in Karamay, China.

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002828.CS▼2

278 Companies Release Half-Year Reports, 80 Double Their Earnings Growth

As of August 13, 278 companies have released their 2026 half-year reports, with 80 of them doubling their earnings growth. According to statistics from Securities Times Data Treasure, 205 companies saw year-on-year net profit growth, while 73 saw declines; 223 companies reported year-on-year revenue growth, while 55 saw declines. A total of 185 companies, including Longsys, achieved growth in both net profit and revenue, while 35 companies, including Beiken Energy, saw declines in both. The largest earnings increase came from Longsys, whose net profit surged by 71,528.66 percent year-on-year.
301308.CS · Capital · Positive Longsys achieved growth in both net profit and revenue, with net profit surging 71,528.66% year-on-year
002828.CS · Capital · Negative Beiken Energy reported declines in both net profit and revenue
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证券时报·53dRead more →
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Beiken Energy swings to loss in 2026 interim report, net loss of 124 million yuan

Beiken Energy released its 2026 interim report, with net profit attributable to the parent company at negative 124 million yuan, swinging from profit to loss compared to the same period last year. The company's total operating revenue was 314 million yuan, down 32.41 percent year-on-year. Gross margin plunged from 21.42 percent in the same period last year to 0.46 percent, and return on equity fell to negative 20.61 percent. Net cash outflow from operating activities was 7.2352 million yuan, and the asset-liability ratio rose to 52.59 percent.
002828.CS · Capital · Negative Company swung to a net loss of 124 million yuan with revenue down 32.41% and gross margin collapsing to 0.46%.
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Beiken Energy plans change of control, controlling shareholder to become Jining Technology

Beiken Energy plans a change of control, and its shares will resume trading on August 3. Controlling shareholder and actual controller Chen Pinggui and his spouse Anhua Sun have signed a share transfer agreement with Jining Technology Shanghai Company Limited. Chen Pinggui intends to transfer 23.4107 million Beiken Energy shares to Jining Technology for a total consideration of 408 million yuan. After the lock-up period on her shares expires, Anhua Sun plans to transfer 3.0447 million shares to Jining Technology via block trades. Upon completion of this equity change, Jining Technology will hold 26.4554 million shares, representing 13.16 percent of the company's total share capital. The controlling shareholder will become Jining Technology, and the actual controller will become Pan Tao. Jichu Energy is the controlling shareholder of Jining Technology, and Pan Tao controls voting rights corresponding to 73.02 percent of Jining Technology's equity.
002828.CS · Capital · Positive Change of control with new controlling shareholder Jining Technology at 13.16% stake, likely to bring strategic direction.
极宁科技(上海)有限公司 · Capital · Neutral Jining Technology becomes controlling shareholder, acquiring 13.16% stake, but impact on its own operations unclear.
极储能源(上海)有限公司 · Capital · Neutral Jichu Energy is controlling shareholder of Jining Technology, indirectly involved in the acquisition, but no direct impact stated.
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中国基金报·64dRead more →
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Beiken Energy Plans Another Ownership Change, Proposes 13.16% Stake Transfer to New Energy Storage Sector

Beiken Energy is once again planning a change of control. Controlling shareholder Chen Pinggui intends to transfer 13.16 percent of the company's total share capital held by him and his spouse. The counterparty is in the new energy storage sector, and the deal may lead to a change in the company's controlling shareholder and actual controller. Trading in the company's shares has been suspended since July 27 and is expected to last no more than two trading days. Previously, the company had planned a management buyout through a private placement, but that was terminated on June 15. The company expects a net loss attributable to the parent company of 115 million to 125 million yuan for the first half of 2026, with performance remaining under pressure.
002828.CS · Capital · Negative Company expects net loss of 115-125 million yuan for H1 2026, performance under pressure, and previous MBO plan terminated.
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Pansoft, XDC Industries, and Beken Energy Announce Control Change Plans on Same Day; Trading Halted from Next Monday

After the market close on July 24, three listed companies—Pansoft, XDC Industries, and Beken Energy—disclosed plans for a change in control on the same day and applied for trading halts. Trading in the shares of all three companies will be suspended from the market open on July 27, 2026, with the halt expected to last no more than two trading days. Pansoft's controlling shareholders and actual controllers, Lin Guoqiang and Wang Hu, are planning matters that may lead to a change in control, and the conversion of its convertible bonds, Pansoft Convertible Bond, will also be suspended. XDC Industries' actual controller, Shi Weiping, is planning matters that may lead to a change in control; the company expects a pre-loss of 36.8 million to 50.8 million yuan for the first half of 2026. Beken Energy's actual controller, Chen Pinggui, is planning to transfer 13.16% of the company's total share capital held by himself and his spouse to a counterparty in the new energy storage sector, a transaction that may lead to a change in control.
002828.CS · Capital · Neutral Actual controller plans to transfer 13.16% stake to a new energy storage counterparty, potentially changing control.
300615.CS · Capital · Negative Expects a pre-loss of 36.8M-50.8M yuan for H1 2026, and actual controller plans control change.
300996.CS · Capital · Neutral Controlling shareholders planning matters that may lead to a change in control; convertible bond also suspended.
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每日经济新闻·73dRead more →
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Oilfield Services Engineering Sector Strengthens Intraday as Institutions Say Industry Shifts from Asset-Heavy to Technology- and Service-Driven Model

The oilfield services engineering sector rose 2.18% intraday, with Xinjin Power up 3.85%, Beiken Energy up 3.64%, Tongyuan Petroleum up 3.50%, Zhongman Petroleum up 3.14%, and Qianneng Hengxin up 2.36%. A research note from CICC pointed out that the global FLNG market is accelerating its expansion, with global FLNG liquefaction capacity expected to exceed 20 million tonnes per year by 2026 and surpass 30 million tonnes per year by 2030, driving sustained demand for offshore engineering equipment and related technical services. The Middle East oilfield services market offers vast opportunities, projected to grow from 83 billion US dollars in 2023 to 131 billion US dollars in 2029. Chinese oilfield service companies currently hold a relatively low share in the region, presenting significant potential for import substitution and market share gains. Coupled with high utilization rates of domestic drilling equipment and the accelerated phase-out of older assets, there is upside potential for drilling rig day rates, as the industry transitions from an asset-heavy model to one focused on technology and services.
002828.CS · Demand · Positive Article mentions Beiken Energy up 3.64% and cites industry shift to technology/services and rising demand from FLNG and Middle East.
300164.CS · Demand · Positive Article mentions Tongyuan Petroleum up 3.50% and cites growing demand for oilfield services from FLNG and Middle East.
603619.CG · Demand · Positive Article mentions Zhongman Petroleum up 3.14% and highlights growing demand for offshore engineering equipment and services from FLNG expansion and Middle East market growth.
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