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CNOOC ENERGY TECHNOLOGY SERVICES (600968) investor relations material
CNOOC ENERGY TECHNOLOGY SERVICES Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue of RMB 50.36 billion in 2025, down 4.10% year-over-year; net profit attributable to shareholders was RMB 3.88 billion, up 6.24% year-over-year.
Gross margin improved to 16.09%, up 1.47 percentage points year-over-year, driven by cost control and efficiency initiatives.
Maintained leading market position in offshore oilfield services, with significant advances in LNG, new energy, and digital transformation.
Proposed cash dividend of RMB 1.47 per 10 shares, totaling RMB 1.49 billion, representing 38.47% payout of attributable net profit.
Received an unqualified audit opinion; no material legal, compliance, or governance issues reported.
Financial highlights
Revenue: RMB 50.36 billion, down 4.10% year-over-year; net profit: RMB 3.88 billion, up 6.24% year-over-year.
Operating cash flow: RMB 5.08 billion, down 8.58% year-over-year; total assets: RMB 51.17 billion, up 3.36% year-over-year.
Basic and diluted EPS: RMB 0.3821, up 6.24% year-over-year; ROE: 13.69%.
Gross margin: 16.09%, up 1.47 percentage points; R&D expenses: RMB 1.25 billion, up 26.88% year-over-year.
Dividend payout ratio: 38.47% of attributable net profit.
Outlook and guidance
2026 is the start of the “15th Five-Year Plan”; focus on high-quality growth, core capability building, and digital/green transformation.
Plans to accelerate LNG, wind/solar/storage, and AI-driven management; expand domestic and international markets.
Identifies risks from oil price volatility and health, safety, and environmental factors; strategies in place for risk mitigation.
- Net profit surged 18.66% on higher revenue and improved margins, with robust dividend payout.600968
Q4 202419 Dec 2025 - Q3 revenue fell 5.75% year-over-year, but net profit for the year rose 6.11%.600968
Q3 202522 Oct 2025 - Net profit rose 13.15% on 4.46% revenue growth, driven by all core business segments.600968
Q2 202520 Aug 2025 - Net profit surged 18.48% year-over-year, with strong cash flow improvement and higher ROE.600968
Q1 202516 Jun 2025 - Q3 net profit jumped 32.62% on higher output and cost control, with robust liquidity.600968
Q3 202413 Jun 2025 - Net profit surged 20.90% on 4.69% revenue growth, led by energy tech and cost control.600968
Q2 202413 Jun 2025
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