Core Viewpoint - The company has signed a significant contract worth approximately $359.12 million with TotalEnergies for a project in Iraq, which is expected to positively impact its revenue and profit over the next 3-4 years [1] Group 1 - The contract is for the design, procurement, supply, construction, and trial operation of the second phase of the Latavi oil field and inter-well pipeline project [1] - The total contract amount is $359,118,182, which is approximately 2.553 billion RMB [1] - The contract is not expected to have a significant impact on the company's total assets, net assets, and net profit for the fiscal year 2025 [1] Group 2 - The contract is anticipated to have a positive effect on the company's operating income and total profit in the coming 3-4 years [1]

Group 1 - Sinopec Oilfield Services announced a contract signing with TotalEnergies for the NWP project in Iraq, covering design, procurement, supply, construction, and commissioning [1] - The total contract value is approximately $359,118,182, equivalent to about 2.553 billion RMB, representing 3.15% of the company's projected revenue for 2024 under Chinese accounting standards [1] - The contract is scheduled for mechanical completion by March 31, 2029, with payments made based on milestone achievements and project progress [1]

Core Viewpoint - Sinopec Oilfield Services (01033.HK) has signed a fixed-price contract worth approximately $359.12 million (around RMB 2.553 billion) for the NWP project in Iraq, which represents about 3.15% of the company's projected revenue for 2024 under Chinese accounting standards [1] Group 1 - The contract was signed between Sinopec's wholly-owned subsidiary, China Petroleum Engineering International Co., Ltd., and Total Energy for the Latifiya project [1] - The NWP project includes the design, procurement, supply, construction, and commissioning of facilities, with a completion date set for March 31, 2029 [1] - The project has a duration of 41 months and involves the construction of 5 new production and injection well sites, upgrades to 11 existing well sites, and approximately 140 kilometers of gathering pipelines [1]

公司全资附属公司中石化石油工程建设有限公司负责实施本次签约NWP项目，该项目为EPSCC合同， 工期41个月，涉及5座新生产及回注井场、11座老井场改造升级、44条集输管线约140公里以及配套的光 缆、电缆等。 格隆汇9月24日丨中石化油服(01033.HK)发布公告，近日，公司的全资附属公司中国石化集团国际石油 工程有限公司与道达尔能源拉塔维项目公司就伊拉克拉塔维油区二期井场及井间管线项目("NWP项目") 正式签署设计、采购、供应、施工、试运交钥匙固定总价合同，该合同金额约为3.59亿美元(约人民币 25.53亿元)，约占公司中国会计准则下2024年营业收入的3.15%，将按里程碑节点和工程进度付款。该 合同将于2029年3月31日实现机械完工。 ...

本公司全资附属公司中石化石油工程建设有限公司负责实施本次签约NWP项目，该项目为EPSCC合 同，工期41个月，涉及5座新生产及回注井场、11座老井场改造升级、44条集输管线约140公里以及配套 的光缆、电缆等。 该合同履行预计对本公司2025年度的资产总额、净资产和净利润等不构成重大影响。由于该合同履行期 较长，该合同实施后将对本公司未来3-4年的营业收入和利润总额产生一定积极影响。该合同履行过程 中如遇到市场、经济等不可预计或不可抗力等因素，有可能影响该合同正常履行，提醒广大投资者注意 投资风险。 中石化油服（600871）(01033)发布公告，近日，中石化石油工程技术服务股份有限公司(本公司)的全资 附属公司中国石化集团国际石油工程有限公司与道达尔能源拉塔维项目公司就伊拉克拉塔维油区二期井 场及井间管线项目(NWP项目)正式签署设计、采购、供应、施工、试运交钥匙固定总价合同(该合同),该 合同金额为3.59亿美元(约人民币25.53亿元)，约占本公司中国会计准则下2024年营业收入的3.15%，将 按里程碑节点和工程进度付款。该合同将于2029年3月31日实现机械完工。 ...

智通财经APP讯，中石化油服(01033)发布公告，近日，中石化石油工程技术服务股份有限公司(本公司) 的全资附属公司中国石化集团国际石油工程有限公司与道达尔能源拉塔维项目公司就伊拉克拉塔维油区 二期井场及井间管线项目(NWP项目)正式签署设计、采购、供应、施工、试运交钥匙固定总价合同(该 合同),该合同金额为3.59亿美元(约人民币25.53亿元)，约占本公司中国会计准则下2024年营业收入的 3.15%，将按里程碑节点和工程进度付款。该合同将于2029年3月31日实现机械完工。 本公司全资附属公司中石化石油工程建设有限公司负责实施本次签约NWP项目，该项目为EPSCC合 同，工期41个月，涉及5座新生产及回注井场、11座老井场改造升级、44条集输管线约140公里以及配套 的光缆、电缆等。 该合同履行预计对本公司2025年度的资产总额、净资产和净利润等不构成重大影响。由于该合同履行期 较长，该合同实施后将对本公司未来3-4年的营业收入和利润总额产生一定积极影响。该合同履行过程 中如遇到市场、经济等不可预计或不可抗力等因素，有可能影响该合同正常履行，提醒广大投资者注意 投资风险。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不會因本通告全部或任何部份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 該合同履行預計對本公司2025年度的資產總額、淨資產和淨利潤等不構成重大影 響。由於該合同履行期較長，該合同實施後將對本公司未來3-4年的營業收入和 利潤總額產生一定積極影響。該合同履行過程中如遇到市場、經濟等不可預計或 不可抗力等因素，有可能影響該合同正常履行，提醒廣大投資者注意投資風險。 1 中石化石油工程技術服務股份有限公司 （在中華人民共和國註冊成立之股份有限公司） (股份代號：1033) 新簽海外合同公告 本公司董事會及全體董事保證本公告內容不存在任何虛假記載、誤導性陳述或 者重大遺漏，並對其內容的真實性、準確性和完整性承擔法律責任。 近日，中石化石油工程技術服務股份有限公司(「本公司」)的全資附屬公司中國 石化集團國際石油工程有限公司與道達爾能源拉塔維項目公司就伊拉克拉塔維 油區二期井場及井間管線項目（「NWP項目」）正式簽署設計、採購、供應、 施工、試運交鑰匙固定總價合同(「該合同」),該 ...

Core Viewpoint - The report highlights the AH premium rates of various companies, indicating significant discrepancies between their A-shares and H-shares, with Northeast Electric (00042) leading with a premium rate of 864.29% [1] AH Premium Rate Rankings - The top three companies with the highest AH premium rates are: - Northeast Electric (00042): 864.29% - Andeli Juice (02218): 227.40% - Hongye Futures (03678): 225.67% [1] - The bottom three companies with the lowest AH premium rates are: - Ningde Times (03750): -12.07% - Heng Rui Medicine (01276): -3.97% - Zijin Mining (02899): 4.14% [1] Deviation Value Rankings - The top three companies with the highest deviation values are: - Northeast Electric (00042): 74.37% - Changfei Optical Fiber (06869): 24.77% - Zhaoyan New Drug (06127): 22.94% [1] - The bottom three companies with the lowest deviation values are: - Longpan Technology (02465): -25.07% - Qin Port Shares (03369): -19.33% - COSCO Shipping Energy (01138): -15.04% [1] Detailed AH Stock Premium and Deviation Data - The report provides detailed tables showing the premium rates and deviation values for the top and bottom AH stocks, indicating significant variations in market perception and valuation between A-shares and H-shares [1][2]

Core Viewpoint - Morgan Stanley reports that certain stocks in China's oil service and oil engineering sector have outperformed the industry average and Brent crude oil price increases over the past six months, driven by record new order volumes, stable backlog, strong delivery capabilities, and positive outlooks for capital expenditures from Chinese oil companies and new orders in overseas markets [1] Group 1: Company Recommendations - Sinopec Engineering (02386) is identified as the top pick in the industry, expected to achieve steady revenue and profit growth due to strong order growth momentum, with a projected dividend yield of 6% to 7%. The target price is raised from HKD 7.1 to HKD 8.4, maintaining an "Overweight" rating [1] - CNOOC Services (02883) is expected to see a 20% year-on-year profit growth in FY2025 due to improved capacity utilization and order terms, with the H-share target price adjusted down from HKD 11 to HKD 10.4, also rated "Overweight" [1] - Sinopec Oilfield Services (600871) (01033) and Offshore Oil Engineering (600583) (600583.SH) maintain "Overweight" ratings, with Sinopec Oilfield Services noted for effective cost control and improved shareholder returns. The target price for Sinopec Oilfield Services H-shares is raised from HKD 0.92 to HKD 1, while Offshore Oil Engineering's target price is increased from RMB 6.4 to RMB 7.1 [1]

Core Insights - The article highlights the current AH premium rates of various stocks, with Northeast Electric (00042) leading at 815.25% and Ningde Times (03750) at the bottom with -12.98% [1][2][3] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) at 815.25% - Hongye Futures (03678) at 234.51% - Sinopec Oilfield Service (01033) at 222.78% [1][2] - The bottom three stocks with the lowest AH premium rates are: - Ningde Times (03750) at -12.98% - Heng Rui Pharmaceutical (01276) at -5.18% - Zijin Mining (02899) at 3.36% [1][3] Deviation Value Rankings - The stocks with the highest deviation values are: - Changfei Fiber Optic Cable (06869) at 29.36% - Northeast Electric (00042) at 28.81% - Zhaoyan New Drug (06127) at 26.44% [1][4] - The stocks with the lowest deviation values are: - Longyuan Power (00916) at -29.23% - Longpan Technology (02465) at -23.15% - Fosun Pharmaceutical (02196) at -22.01% [1][5]