Offshore Oil Engineering (600583) H2 2025 earnings summary

Executive summary

• Achieved market contract value of ¥48.85 billion, up 61.51% year-over-year; revenue of ¥27.16 billion, down 9.32% year-over-year; net profit attributable to shareholders of ¥2.08 billion, down 3.56% year-over-year.

• Total assets reached ¥49.19 billion, with a net asset value attributable to shareholders of ¥26.58 billion; asset-liability ratio at 41.83%.

• Major domestic and overseas project breakthroughs, including deepwater and LNG, and significant advances in green energy and digital transformation.

• Proposed cash dividend of ¥0.196 per share (pre-tax), totaling ¥867 million, representing 41.57% of net profit.

Financial highlights

• Revenue: ¥27.16 billion, down 9.32% year-over-year; net profit: ¥2.08 billion, down 3.56% year-over-year.

• Operating cash flow: ¥3.59 billion, down 6.66% year-over-year.

• Gross margin for marine engineering increased by 1.52 percentage points; domestic project gross margin up 5.58 percentage points.

• R&D investment: ¥1.19 billion, accounting for 4.38% of revenue.

• Basic and diluted EPS: ¥0.47; ROE: 7.78%.

Outlook and guidance

• Global offshore oil and gas investment expected to grow over 3% in 2026, with focus shifting to deepwater and LNG.

• Strategic focus on “one-stop” EPC contracting, internationalization, deepwater, and new energy sectors.

• 2026 plan emphasizes market-driven transformation, technological innovation, and management upgrades.