CNOOC ENERGY TECHNOLOGY SERVICES (600968) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥22.60 billion, up 4.46% year-over-year; net profit attributable to shareholders was ¥1.83 billion, up 13.15% year-over-year.

• Total assets at period-end were ¥47.53 billion, down 3.97% from year-end 2024; net assets attributable to shareholders rose 1.69% to ¥27.62 billion.

• Three core business segments—energy technology services, low-carbon & digital, and energy logistics—each achieved revenue growth.

• The company advanced high-end, intelligent, and green transformation, with significant progress in digitalization and new energy initiatives.

Financial highlights

• Operating income: ¥22.60 billion, up 4.46% year-over-year.

• Net profit attributable to shareholders: ¥1.83 billion, up 13.15% year-over-year.

• Basic and diluted EPS: ¥0.18, up 13.15% year-over-year.

• Gross margin improved as cost growth (3.02%) lagged revenue growth.

• Operating cash flow was -¥478 million, down 137.86% year-over-year due to higher payments for goods/services and taxes.

Outlook and guidance

• The company continues to focus on core business, cash dividends, new productivity, investor communication, and governance.

• Strategic investments in LNG shipping and new materials are expected to drive future growth.

• Ongoing digital and green transformation, with new energy and high-value chemical projects under construction.