Shandong Molong Petroleum Machinery Co. Ltd. reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported total operating revenue of RMB 725,340,744.85 against RMB 672,861,508.81 for the same period last year. Net profit attributable to shareholders of the company was RMB 22,917,716.25 or RMB 0.06 per basic share against RMB 22,120,961.62 or RMB 0.06 per basic share for the same period last year. Net cash outflow from operating activities was RMB 52,241,787.75 or RMB 0.13 per share against net cash inflow from operating activities of RMB 20,913,067.02 or RMB 0.05 per share for the same period last year. Weighted average return on net assets was 0.81% against 0.82% for the same period last year. Weighted average return on net assets after extraordinary items was 0.79% against 0.82% for the same period last year. The company provided earnings guidance for the six months ending June 30, 2012. For the period, the company expects that the increase of net profit attributable to shareholders of the company, which compared with the same period of last year, is less than 50%. The change for net profit attributable to shareholders of the listed company compared with the same period last year is 15%.