Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Market Overview - The Hang Seng Index experienced a decline of 0.87% on June 30, with a cumulative increase of 20% in the first half of the year [2][3] - Southbound capital recorded a net inflow of HKD 52.20 billion on the same day, contributing to a total net inflow of HKD 7449.86 billion in the first half of the year [2][3] Stock Performance - Xiaomi Group-W saw a trading volume exceeding HKD 15 billion, with a stock price increase of 1.70% [4] - Hua Oil Energy surged by 158.46% upon resuming trading, closing at HKD 0.168 per share, despite reporting a revenue decline of 13% year-on-year [6] - Lao Pu Gold's stock price reached a historical high, closing up 14.94% at over HKD 1000 per share, with a market capitalization of HKD 1740.58 billion [10][12] Sector Trends - Financial and real estate sectors showed weakness, while photovoltaic and pharmaceutical stocks were active [3] - Lao Pu Gold's recent store openings in Shanghai and Singapore contributed to its stock performance, with significant sales reported [12] Analyst Insights - UBS analyst Meng Lei indicated that southbound capital may continue to flow into Hong Kong stocks in the second half of the year, driven by structural reforms and favorable policies [12][13] - The analyst highlighted five types of capital crucial for A-share market trends, including long-term institutional investors and southbound funds [13]

Company Overview - SPT Energy Group Inc. (华油能源) is headquartered in Beijing and listed on the Hong Kong Stock Exchange (code: 01251.HK) [2] - Established in 1993, the company has developed into an international comprehensive oilfield service group, integrating reservoir research, solution design, operational services, tool manufacturing, and intelligent technology [2] - The company employs over 4,000 people globally, with nearly half being overseas employees, and operates in major oil and gas production areas across various countries [2] Financial Performance - As of June 30, the company reported a total revenue of 1.694 billion RMB for the fiscal year ending December 31, 2024, representing a year-on-year decrease of 13% [1] - The net profit attributable to shareholders was -256 million RMB, a significant decline of 1630.19% year-on-year [1][3] - The gross profit margin stood at 70.37%, while the debt-to-asset ratio was 60.04% [1] Stock Performance - As of June 30, the stock price was 0.168 HKD per share, reflecting an increase of 158.46% with a trading volume of 73.246 million shares and a turnover of 11.127 million HKD [1] - Over the past month, the stock has shown a cumulative increase of 0%, and a year-to-date decline of 48%, underperforming the Hang Seng Index by 21.06% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the oil and gas industry (TTM) is -2.12 times, with a median of 4.06 times [1] - SPT Energy's P/E ratio is -0.46 times, ranking 43rd in the industry [1] - Comparatively, other companies in the sector have P/E ratios such as Zhujiang Steel Pipe (0.98), CGII HLDGS (4.06), CITIC Resources (5.42), CNOOC-R (5.79), and CNOOC (5.88) [1]

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公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 SPT Energy Group Inc. 華油能源集團有限公司* （於開曼群島註冊成立的有限公司） （股份代號：1251） 截至二零二四年十二月三十一日止年度之業績公告 及 恢復買賣 年度業績摘要 本集團截至二零二四年十二月三十一日止年度的收入為人民幣1,694.1百萬元， 較去年人民幣1,947.2百萬元，減少人民幣253.1百萬元，或13.0%。本公司權益 持有人應佔虧損為人民幣256.2百萬元，而去年本公司權益持有人應佔溢利為人 民幣16.7百萬元。 董事會並不建議向本公司股東派付截至二零二四年十二月三十一日止年度的末 期股息（截至二零二三年十二月三十一日止年度：無）。 2 | | | 於十二月三十一日 | | | --- | --- | --- | --- | | | | 二零二四年 | 二零二三年 | | | 附註 | 人民幣千元 | 人民幣千元 | | 負債 | | | | | 非流動負債 ...

Financial Performance - In the first half of 2024, SPT Energy Group recorded revenue of RMB 769.3 million, a decrease of RMB 73.8 million or 8.8% compared to the same period last year[5]. - The net loss for the period was RMB 65.0 million, a decrease in profit of RMB 71.8 million compared to the same period last year[5]. - The company incurred an operating loss of RMB 51.5 million for the period, compared to an operating profit of RMB 28.1 million in the same period last year[48]. - For the six months ended June 30, 2024, the company reported a loss of RMB 65,021,000 compared to a profit of RMB 6,812,000 for the same period in 2023, representing a significant decline in performance[119]. - The total comprehensive income for the period was RMB (70,847,000), a decrease from RMB 44,455,000 in the previous year, indicating a negative shift in overall financial health[119]. - The company's cash flow from operating activities showed a net outflow of RMB 156,414,000, compared to a net outflow of RMB 63,554,000 in the prior year, highlighting increased cash usage[125]. - The company reported a significant increase in financing cash inflows, totaling RMB 102,190,000 for the period, compared to a net outflow of RMB 42,306,000 in the previous year, indicating improved financing activities[125]. Revenue Breakdown - Revenue from the Chinese market was RMB 474.5 million, down RMB 19.1 million or 3.9%, accounting for 61.7% of total revenue[5]. - Revenue from overseas markets was RMB 294.8 million, down RMB 54.7 million or 15.7%, accounting for 38.3% of total revenue[5]. - The revenue from the oil reservoir segment was RMB 370.8 million, an increase of RMB 46.1 million or 14.2%, accounting for 48.1% of total revenue[6]. - The drilling segment revenue was RMB 225.9 million, a decrease of RMB 13.3 million or 5.6%, representing 29.4% of total revenue[6]. - The completion segment revenue was RMB 107.4 million, a decrease of RMB 85.5 million or 44.3%, accounting for 14.0% of total revenue[6]. - The other segment revenue was RMB 65.3 million, a decrease of RMB 21.0 million or 24.4%, representing 8.5% of total revenue[6]. Market Challenges and Strategies - The company faced challenges due to extreme weather in Kazakhstan, which reduced workload and led to impairment provisions on certain assets[8]. - SPT Energy Group is implementing a strategic upgrade with a focus on its core oil service business while accelerating the development of new energy projects[8]. - The company emphasizes technological innovation and integration to enhance its competitive advantage in the market[8]. - SPT Energy Group is actively expanding into emerging markets and low-carbon projects while strengthening regional market partnerships[8]. - The company maintains a prudent financial policy, ensuring a robust financial structure and a light asset operation strategy to enhance risk resilience[8]. Employee and Operational Insights - The management has adjusted organizational personnel to optimize talent structure, focusing on performance and capability building[8]. - As of June 30, 2024, the company had 3,985 employees, a decrease of 214 from 4,199 employees as of December 31, 2023, while maintaining actual labor costs within the initial budget[38]. - The company conducted 372 training sessions in the first half of 2024, covering 69,561 hours, aimed at enhancing employee skills and quality[38]. - Employee compensation expenses increased to RMB 302.7 million, an increase of RMB 22.1 million or 7.9% from RMB 280.6 million in the previous year, attributed to rising labor costs from new business initiatives[41]. Asset and Liability Management - The company's total assets as of June 30, 2024, included property, plant, and equipment valued at RMB 400.6 million, a decrease of RMB 6.4 million or 1.6% from RMB 407.0 million at the end of 2023[55]. - As of June 30, 2024, inventory decreased to RMB 607.1 million, down RMB 49.5 million or 7.5% from RMB 656.6 million on December 31, 2023, primarily due to inventory consumption and increased provisions for inventory impairment[60]. - The capital debt ratio increased to 52.2% as of June 30, 2024, up 11.9% from 40.3% on December 31, 2023, calculated as interest-bearing debt and lease liabilities divided by total equity[62]. - The company's total liabilities decreased to RMB 1,404,600 thousand as of June 30, 2024, down from RMB 1,625,967 thousand as of December 31, 2023, a reduction of 13.5%[116]. Technological Innovations - The group has achieved significant breakthroughs in technology innovation and product quality, as evidenced by the successful acquisition of the fourth edition API certification for its Singapore global research and development center[24]. - The company developed the HYBEORTM recovery enhancement technology, which has shown good application results and economic benefits, addressing traditional recovery technology issues[30]. - The company successfully developed a new annular chemical injection valve, breaking the monopoly of American manufacturers, with mass production achieved in 2024[34]. - The company is focusing on technology-driven strategies to enhance its service capabilities in traditional oilfield services and expand its market presence[34]. Shareholder and Governance Matters - The company has adopted high standards of corporate governance to protect shareholder interests and enhance accountability[78]. - The chairman and CEO roles are currently held by the same individual, effective March 26, 2024, to ensure consistency in leadership and strategic planning[79]. - The company did not recommend the payment of dividends for the six months ended June 30, 2024, consistent with the previous year[185]. - The company has confirmed compliance with the securities trading code for directors during the six months ending June 30, 2024[80].

Financial Performance - For the six months ended June 30, 2024, the group's revenue was RMB 769.3 million, a decrease of RMB 73.8 million or 8.8% compared to RMB 843.1 million in the same period last year[1]. - The loss attributable to the owners of the company for the same period was RMB 62.7 million, a decrease of RMB 72.0 million compared to a profit of RMB 9.3 million in the previous year[1]. - The operating loss for the six months ended June 30, 2024, was RMB 821.4 million, compared to an operating profit of RMB 51.5 million in the same period last year[4]. - The total comprehensive loss for the six months ended June 30, 2024, was RMB 70.8 million, compared to a total comprehensive income of RMB 44.5 million in the same period last year[5]. - The basic and diluted loss per share attributable to owners for the period was RMB 0.0321[4]. - EBITDA for the six months ended June 30, 2024, was RMB 50,017 thousand, down 63.3% from RMB 136,227 thousand in the same period of 2023[16]. - The company reported a net loss before tax of RMB 68,734 thousand for the six months ended June 30, 2024, compared to a profit of RMB 12,506 thousand in the same period of 2023[16]. - The company reported financing costs of RMB 19.3 million for the first half of 2024, compared to RMB 15.9 million for the same period in 2023[27]. - The company's material costs for the same period were RMB 179.9 million, down RMB 55.0 million or 23.4% from RMB 234.9 million year-on-year[51]. - Employee compensation expenses increased to RMB 302.7 million, an increase of RMB 22.1 million or 7.9% compared to RMB 280.6 million in the previous year, primarily due to rising labor costs from new business initiatives[52]. Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 2,623.1 million, down from RMB 2,911.2 million as of December 31, 2023[2]. - The total liabilities decreased to RMB 1,404.6 million as of June 30, 2024, from RMB 1,625.9 million as of December 31, 2023[3]. - The company's equity attributable to owners decreased to RMB 1,235.6 million from RMB 1,300.1 million[2]. - Trade receivables and notes receivable net value as of June 30, 2024, was RMB 858,759 thousand, a decrease of 15.5% from RMB 1,016,402 thousand as of December 31, 2023[19]. - Non-current assets as of June 30, 2024, amounted to RMB 500,598 thousand, a decrease from RMB 527,012 thousand as of December 31, 2023[18]. - The company's total assets, including property, plant, and equipment, decreased to RMB 400.6 million, down RMB 6.4 million or 1.6% from RMB 407.0 million as of December 31, 2023[60]. - As of June 30, 2024, inventory decreased to RMB 607.1 million, down RMB 49.5 million or 7.5% from RMB 656.6 million on December 31, 2023, primarily due to inventory consumption and increased provisions for inventory impairment[65]. - Contract assets, trade receivables, and notes receivable totaled RMB 869.7 million as of June 30, 2024, a decrease of RMB 168.7 million or 16.3% from RMB 1,038.4 million on December 31, 2023, mainly due to more timely collection of receivables and increased provisions for impairment losses[65]. - The capital debt ratio increased to 52.2% as of June 30, 2024, up 11.9% from 40.3% on December 31, 2023[67]. - The total equity attributable to equity holders decreased to RMB 1,235.6 million as of June 30, 2024, down RMB 64.5 million or 5.0% from RMB 1,300.1 million on December 31, 2023[68]. Revenue Segmentation - Drilling segment revenue was RMB 225,850 thousand, down 5.5% from RMB 239,147 thousand in the previous year[13]. - Completion segment revenue decreased significantly to RMB 107,360 thousand, a decline of 44.5% from RMB 192,897 thousand in the prior year[13]. - Reservoir segment revenue increased to RMB 370,807 thousand, up 14.2% from RMB 324,718 thousand in the same period last year[13]. - Revenue from external customers for the six months ended June 30, 2024, totaled RMB 769,297 thousand, a decrease of 8.7% compared to RMB 843,059 thousand for the same period in 2023[14]. - Revenue from the China segment for the six months ended June 30, 2024, was RMB 474,495 thousand, a decrease of 3.2% from RMB 493,630 thousand in the same period of 2023[17]. - Revenue from the Chinese market was RMB 474.5 million, a decrease of RMB 19.1 million or 3.9%, accounting for 61.7% of total revenue[33]. - Revenue from overseas markets was RMB 294.8 million, a decrease of RMB 54.7 million or 15.7%, accounting for 38.3% of total revenue[33]. - The revenue from the oil reservoir segment was RMB 370.8 million, an increase of RMB 46.1 million or 14.2%, accounting for 48.1% of total revenue[35]. - The drilling segment revenue was RMB 225.9 million, a decrease of RMB 13.3 million or 5.6%, representing 29.4% of total revenue[35]. - The completion segment revenue was RMB 107.4 million, a decrease of RMB 85.5 million or 44.3%, accounting for 14.0% of total revenue[35]. - The other segment revenue was RMB 65.3 million, a decrease of RMB 21.0 million or 24.4%, representing 8.5% of total revenue[35]. Strategic Focus and Market Outlook - The company is focused on providing integrated solutions for oil and gas exploration and development, including carbon capture and storage technology[7]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[14]. - The company emphasized a strategic upgrade to focus on its core oil service business while accelerating the development of its renewable energy business[34]. - The company plans to deepen regional market engagement and actively explore overseas and emerging markets[34]. - The company aims to enhance its value creation by expanding into overseas markets and focusing on high-end, intelligent, and low-carbon development in response to customer demands[73]. - The company will continue to prioritize technological innovation to meet increasing service and emission reduction requirements from clients, enhancing its market competitiveness[74]. - The company is actively pursuing strategic discoveries in key basins and enhancing its technological capabilities to support the green transition and carbon capture initiatives[44]. - The company is adjusting its market strategies in Kazakhstan to ensure sustainable development and improve risk resistance amid recent severe flooding[42]. - The company aims to enhance its risk management capabilities and maintain sustainable development through strict adherence to ESG principles[34]. Corporate Governance and Compliance - The financial statements are prepared in accordance with International Accounting Standard 34, ensuring compliance with international reporting standards[8]. - The board does not recommend a mid-term dividend for the six months ending June 30, 2024, consistent with the previous period[75]. - The company has adopted a high standard of corporate governance to protect shareholder interests and enhance corporate value[77]. - The chairman and CEO roles are currently held by the same individual, which the board believes ensures consistency in leadership and operational efficiency[78]. - The audit committee has reviewed the accounting principles and practices adopted by the group for the six months ending June 30, 2024[80]. Operational Efficiency and Innovations - The group has established standard operating procedures for its integrated column technology in complex well operations, setting industry benchmarks[47]. - The newly developed rotary anti-sticking strong magnetic scraper reduces preparation time by approximately three days, enhancing operational efficiency[47]. - The group’s self-developed HYBEORTM technology has shown significant economic benefits and is expected to meet increasing service demands for enhanced oil recovery[46]. - The group’s 8.5-inch PDC drill bit achieved a drilling rate of 1,619 meters per day in a shale gas well, significantly improving drilling speed and reducing costs[47]. - The newly developed 25K downhole safety valve has been successfully used in western Xinjiang oil fields, marking a breakthrough in the market[47]. - The Singapore global R&D center has successfully obtained the fourth edition API certification, marking a significant breakthrough in technology innovation and product quality[42]. - The group signed a technical service contract for natural gas well testing with PetroChina Southwest Oil and Gas Field for the 2024-2025 period, expanding its sales of electronic pressure gauges[45]. - The group is actively participating in multiple CCUS projects, with significant progress in the Yulin Chemical CCUS project, including completed geological surveys and site selection[45]. Market Conditions and Economic Factors - The international oil price remains high due to geopolitical tensions and OPEC+ voluntary production cuts, leading to increased upstream exploration and development investments by oil companies[41]. - In 2024, Kazakhstan contributed 48.0% to the group's overseas revenue, making it the largest overseas market for the company[43]. - The domestic oil service market is expected to improve due to stable growth in upstream investments, despite ongoing pressure on profit margins from oil companies[41]. - The company anticipates that international oil prices will remain high due to low global crude oil inventories, OPEC+ production cuts, and geopolitical tensions, with a focus on capital expenditure in the oil and gas sector[73]. - The domestic investment in oil and gas exploration and development is expected to continue increasing, supported by national energy security strategies and policies[73].

Financial Performance - The company reported a revenue of RMB 1,947.2 million for the fiscal year ending December 31, 2023, representing an increase from RMB 1,757.2 million in 2022[8]. - The net profit attributable to the company's owners was RMB 16.7 million, up from RMB 13.2 million in the previous year[8]. - Operating profit for the year was RMB 54.0 million, showing a marginal increase from RMB 52.9 million in 2022[8]. - The company achieved a revenue of RMB 1,947.2 million for the year ended December 31, 2023, representing a year-on-year increase of RMB 190.0 million or 10.8% compared to RMB 1,757.2 million in the previous year[72]. - The profit for the year was RMB 8.8 million, reflecting an increase of RMB 1.3 million or 17.3% year-on-year[32]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 2,911.2 million, a slight increase from RMB 2,882.6 million in 2022[10]. - The company's total equity reached RMB 1,285.2 million, compared to RMB 1,225.1 million in 2022, indicating a growth of approximately 4.9%[10]. - Current liabilities decreased to RMB 1,509.2 million from RMB 1,572.0 million in 2022, indicating better short-term financial health[10]. - Cash and bank deposits totaled RMB 325.6 million as of December 31, 2023, an increase of RMB 30.9 million or 10.5% from RMB 294.7 million as of December 31, 2022, attributed to higher business activity[98]. - The capital-to-debt ratio improved to 40.3% as of December 31, 2023, down 6.3% from 46.6% as of December 31, 2022, indicating a stronger equity position relative to liabilities[98]. Revenue Segmentation - The oil reservoir segment generated revenue of RMB 784.2 million, up 13.3% from RMB 692.4 million in 2022, accounting for 40.3% of total revenue[34]. - The drilling segment's revenue was RMB 513.4 million, a 2.5% increase from the previous year, representing 26.4% of total revenue[34]. - The completion segment achieved revenue of RMB 477.8 million, increasing by 13.2% year-on-year, contributing 24.5% to total revenue[34]. - The overseas reservoir segment generated revenue of RMB 301.2 million, an increase of RMB 58.3 million or 24.0%, representing 38.4% of total reservoir revenue[37]. - The overseas drilling segment's revenue was RMB 264.0 million, up RMB 15.9 million or 6.4%, accounting for 51.4% of total drilling revenue[39]. Strategic Initiatives - The company is focusing on technological upgrades in the oil service industry to meet new energy demands and enhance development opportunities[17]. - The global oil market is experiencing a shift towards green low-carbon transformation, which the company aims to align with in its strategic initiatives[17]. - The company is actively expanding into emerging markets and optimizing its overseas market layout, leveraging industry cycles and policy benefits[23]. - The company aims to enhance its overseas market presence and strengthen its core oil service business while focusing on new energy projects[28]. - The company plans to accelerate the development of its new energy business and expedite exploration and development in Indonesian oilfield blocks to achieve scalable production[109]. Environmental and Sustainability Efforts - The company emphasizes strict adherence to ESG principles, integrating sustainability into its strategy and operations, and enhancing internal control and risk management systems[24]. - The company reported a significant focus on environmental protection, achieving a "zero" target for environmental accidents during the fiscal year[135]. - The company has established a comprehensive environmental responsibility framework, adhering to multiple national laws and regulations related to energy conservation and environmental protection[138]. - The company has implemented various initiatives to enhance employee awareness of environmental protection and promote sustainable operations[139]. - The company aims to strengthen collaboration with upstream and downstream partners to promote green and low-carbon development[111]. Challenges and Market Outlook - The global economic outlook for 2024 indicates a slowdown, with increased operational costs and high inflation impacting oil demand growth[25]. - The company anticipates significant challenges in 2024 due to geopolitical uncertainties and high inflation, impacting global economic conditions[109]. - The oilfield services market is expected to improve as international oil companies increase exploration and development efforts, presenting new opportunities for the company[109]. - The company has faced basic risks related to international oil price fluctuations and geopolitical conflicts, impacting global supply chains and economic conditions[146]. Human Resources and Management - The company has maintained stable personnel levels without large-scale layoffs, ensuring operational resilience amid challenges[19]. - The company had a total of 4,199 employees as of December 31, 2023, a decrease of 132 from 4,331 employees at the end of 2022[70]. - A comprehensive talent development plan will be established to build a high-quality management and technical team, fostering innovation and project leadership[111]. - The company is enhancing its compensation structure to build an incentive system aimed at achieving performance-oriented goals[175]. Research and Development - The company is committed to continuous technological innovation, forming a patent cluster to support sustainable development[20]. - The company has successfully developed a multi-collaborative oil well production enhancement process to address production declines in heavy oil wells, low-energy wells, and sand production wells[62]. - The company has initiated a technical research project for downhole temperature and pressure data recording at depths of 10,000 meters, with field implementation planned for June 2024[62]. - A significant breakthrough in downhole tools design and manufacturing has been achieved with the development of a 25K downhole safety valve and a 10K high-temperature permanent packer[65]. Shareholder and Corporate Governance - The board of directors includes a mix of executive and non-executive members, with key changes in leadership scheduled for March and April 2024[166]. - The company has established a stock option plan as a reward for eligible employees, details of which are outlined in the annual report[174]. - The major shareholders have confirmed adherence to non-competition commitments as of December 31, 2023[190]. - The company has confirmed compliance with the disclosure requirements of the Listing Rules regarding related party transactions[171].

Financial Performance - The company achieved a revenue of RMB 1,947.2 million, an increase of RMB 190.0 million or 10.8% compared to the previous year[5]. - The profit attributable to the company's owners was RMB 16,745 thousand, up from RMB 13,241 thousand in the previous year, representing a growth of 26.5%[43]. - The basic earnings per share increased to RMB 0.009 from RMB 0.007, reflecting a growth of 28.6% year-over-year[43]. - The company achieved a significant increase in cash flow and overall profitability, exceeding expectations due to prudent financial policies and effective cash flow management strategies[46]. - The total revenue for the year ended December 31, 2023, was RMB 1,947,244 thousand, an increase from RMB 1,757,162 thousand in 2022, representing a growth of approximately 10.8%[81]. - EBITDA for the year ended December 31, 2023, was RMB 269,295 thousand, compared to RMB 258,721 thousand in 2022, reflecting an increase of about 4.5%[81]. - The company reported a net cash inflow from operating activities of RMB 142,105 thousand for the year ended December 31, 2023, compared to RMB 4,609 thousand in 2022, showing a significant improvement[93]. - The company reported a total of RMB 37,238,000 in recognized revenue from contract liabilities for the year, down from RMB 39,220,000 in 2022[113]. - The company's other income net amount for the year ended December 31, 2023, was RMB 12.3 million, compared to a net loss of RMB 7.6 million in the previous year[186]. - The company's asset impairment losses for the year ended December 31, 2023, were RMB 51.6 million, an increase of RMB 18.6 million or 56.4% from RMB 33.0 million in the previous year[191]. Revenue Segmentation - The revenue from the reservoir services segment was RMB 784.2 million, up RMB 91.8 million or 13.3%, with overseas revenue growing by 24.0% to RMB 301.2 million[26][27]. - The drilling services segment generated revenue of RMB 513.4 million, an increase of RMB 12.6 million or 2.5%, with overseas revenue rising by 6.4% to RMB 264.0 million[28][30]. - The completion services segment reported revenue of RMB 477.8 million, up RMB 55.6 million or 13.2%, with overseas revenue surging by 90.2% to RMB 241.1 million[31][32]. - The other services segment achieved revenue of RMB 171.8 million, an increase of RMB 30.1 million or 21.2%, with overseas revenue growing by 40.5% to RMB 61.9 million[33][35]. Market Expansion and Strategic Focus - The company is focusing on expanding its overseas markets, particularly in Central Asia, Southeast Asia, North America, the Middle East, and Africa, while adapting to the growing demand for green and renewable energy[11]. - The company is committed to enhancing its core oil service business while accelerating the development of its new energy business[9]. - The company is responding to China's dual carbon goals, with a strategic focus on CCUS industry layout and diversification of its industrial construction strategy[6]. - The company is focused on providing integrated solutions for oil and gas exploration and development, as well as carbon capture, utilization, and storage (CCUS) technology services[72]. - The group aims to expand into unconventional oil and gas, new energy, and CCUS sectors, focusing on sustainable growth and innovation in technology services[146]. Technological Advancements - The company has made significant breakthroughs in downhole temperature and pressure data acquisition technology, with the highest measured pressure reaching 182.4 MPa and temperature exceeding 185°C, and plans to implement this technology in June 2024[7]. - The company has successfully reduced drilling time from 8.54 min/m to 4.48 min/m in deep coal seam horizontal well drilling, significantly lowering drilling fluid and lubricant usage[8]. - The company has developed a multi-collaborative oil well production increase technology to address production declines in heavy oil wells, low-energy wells, and sand-producing wells[7]. - The company successfully developed new downhole tools, including a 25K downhole safety valve and a 10K high-temperature permanent packer, enhancing its capabilities in well completion services[40]. Operational Challenges and Financial Health - The company continues to face challenges in technology updates, environmental protection, and market competition, while the oil service market shows strong resilience domestically[3]. - The company's total liabilities decreased to RMB 1,625,967 million from RMB 1,657,454 million, indicating improved financial stability[67]. - The company's cash and cash equivalents increased to RMB 303.2 million from RMB 277.5 million, indicating improved liquidity[65]. - The company's investment activities resulted in a net cash outflow of RMB 60,906 thousand for the year ended December 31, 2023, compared to RMB 10,987 thousand in 2022, indicating increased investment activity[93]. - The net financing costs for the year ended December 31, 2023, were RMB 31.1 million, a decrease of RMB 6.3 million or 16.8% from RMB 37.4 million in the previous year[171]. Human Resources and Employee Management - The group employed a total of 4,199 staff as of December 31, 2023, down from 4,331 staff in 2022, a decrease of 132 employees[148]. - Employee compensation expenses for the year ended December 31, 2023, amounted to RMB 627.2 million, up RMB 35.3 million or 6.0% from RMB 591.9 million in the previous year[165]. - The group has implemented a strategic human resource plan to optimize talent allocation and ensure compliance and safety across global operations[148]. Environmental and Sustainability Efforts - The company is actively involved in the decarbonization efforts within the oil and gas sector, with 50 global companies joining the decarbonization charter[38]. - The group is committed to promoting green and low-carbon transformation in the oil and gas industry, integrating oil and gas exploration with new energy development[16].

Financial Performance - The company recorded revenue of RMB 843.1 million, an increase of RMB 110.3 million or 15.0% compared to the same period last year[8]. - Net profit for the period was RMB 6.8 million, a decrease of RMB 1.2 million or 15.1% year-on-year[8]. - Revenue from the Chinese market was RMB 493.6 million, a slight increase of RMB 0.8 million or 0.2%, accounting for 58.6% of total revenue[8]. - Revenue from overseas markets reached RMB 349.4 million, an increase of RMB 109.5 million or 45.6%, representing 41.4% of total revenue[8]. - For the six months ended June 30, 2023, the company achieved revenue of RMB 843.1 million, an increase of RMB 110.3 million or 15.0% compared to RMB 732.8 million in the same period last year[45]. - The company's profit for the period was RMB 6.8 million, a decrease from RMB 8.0 million in the same period last year[61]. - The company reported a total comprehensive income of RMB 44,455 thousand for the period, significantly higher than RMB 21,768 thousand in the same period last year[138]. - The net profit for the period was RMB 6,812 thousand, a decrease of 15.1% compared to RMB 8,027 thousand in the previous year[138]. - Basic and diluted earnings per share for the period were RMB 0.0049, down from RMB 0.0053 in 2022[136]. Revenue Breakdown by Segment - The drilling segment generated revenue of RMB 239.1 million, up RMB 59.7 million or 33.3% year-on-year, contributing 28.4% to total revenue[11]. - The completion segment's revenue was RMB 192.9 million, an increase of RMB 20.3 million or 11.7%, accounting for 22.9% of total revenue[11]. - Revenue from the Chinese market in the drilling segment was RMB 124.3 million, up RMB 28.0 million or 29.1%, primarily due to increased coalbed methane drilling activities[16]. - The overseas drilling segment revenue reached RMB 114.9 million, an increase of RMB 31.7 million or 38.1%, driven by higher work volumes in Kazakhstan[16]. - The completion segment revenue for the first half of 2023 was RMB 192.9 million, an increase of RMB 20.3 million or 11.7% year-on-year[20]. - Revenue from the Chinese market in the completion segment decreased to RMB 115.9 million, down RMB 13.6 million or 10.5%[20]. - The overseas completion segment revenue surged to RMB 77.0 million, an increase of RMB 33.9 million or 78.6%, mainly due to growth in Turkmenistan and Indonesia[20]. - Other segment revenue for the first half of 2023 was RMB 86.3 million, an increase of RMB 3.0 million or 3.6% compared to last year[22]. - Revenue from the Chinese market in the other segment decreased to RMB 47.3 million, down RMB 14.5 million or 23.5%[22]. - The overseas revenue in the other segment increased to RMB 39.0 million, up RMB 17.6 million or 82.0%, primarily from alcohol sales in Ghana[22]. Market and Strategic Focus - The company is focusing on customer-driven strategies and expanding into emerging markets while promoting low-carbon projects[9]. - The company continues to implement a "technology-driven development" strategy to enhance its technical capabilities through R&D and resource integration[9]. - The overseas revenue increase in the reservoir services segment was primarily driven by higher business volumes in Canada and Kazakhstan[15]. - The company plans to explore new strategic paths for energy transition and enhance cooperation with countries along the "Belt and Road" initiative[85]. - The company aims to leverage advanced technology solutions to meet increasing service and emission reduction demands, enhancing its market competitiveness[85]. - The company will continue to establish a long-term ESG management mechanism, integrating ESG principles into corporate decision-making and operations[87]. Financial Position and Assets - As of June 30, 2023, the company's inventory increased to RMB 599.4 million, up RMB 42.7 million or 7.7% from RMB 556.7 million at the end of 2022, driven by increased business activities[69]. - The company's total assets as of June 30, 2023, amounted to RMB 2,890,547 thousand, slightly up from RMB 2,882,558 thousand at the end of 2022[131]. - The company's total liabilities decreased to RMB 1,596,409 thousand from RMB 1,657,454 thousand, a reduction of approximately 3.7%[131]. - The company's equity attributable to shareholders increased to RMB 1,307,526 thousand from RMB 1,234,781 thousand, reflecting a growth of 5.9%[131]. - The net value of trade receivables as of June 30, 2023, was RMB 1,178,495,000, a slight increase from RMB 1,139,377,000 as of December 31, 2022[183]. - The total liabilities related to leases decreased to RMB 22,513,000 as of June 30, 2023, from RMB 28,061,000 at the end of 2022, indicating a reduction of 19.8%[176]. Shareholder and Governance Information - The company completed a placement of 100,000,000 new shares at a price of HKD 0.250 per share, raising approximately HKD 24.62 million for capital expenditures and general working capital[91]. - As of June 30, 2023, the company’s major shareholders include Credit Suisse Trust Limited with a 33.34% stake, Truepath Limited with 25.05%, and Elegant Eagle Investments Limited with 8.29%[101]. - The company’s board confirmed compliance with the corporate governance code and the standard code for securities transactions by directors for the six months ending June 30, 2023[89]. - The company has adopted high standards of corporate governance to protect shareholder interests and enhance corporate value[88]. - The company has confirmed that all directors complied with the standard code for securities transactions throughout the reporting period[89]. Employee and Compensation Information - Employee compensation expenses rose to RMB 280.6 million, an increase of RMB 14.4 million or 5.4% from RMB 266.2 million in the previous year, attributed to higher operational costs[48]. - The company trained a total of 63,583 participants in the first half of 2023, with a cumulative total of 69,863 training hours[43]. - The company incurred a total expense of RMB 2,683,000 related to share-based payment transactions recognized as part of employee benefits[192]. Technological Innovations - The company has achieved an 80% increase in drilling pressure transmission efficiency and a 30% reduction in application costs through the development of a new screw-type negative pressure pulse hydraulic oscillator[35]. - The company has delivered a 25K downhole safety valve, which has passed third-party testing and is set for use, marking an international first in this product category[36]. - The company has improved well repair efficiency by nearly 50% and saved approximately 15 days in project duration through targeted technological innovations[39]. - The company continues to focus on technology innovation and integration of traditional oil services with new energy technologies to drive sustainable growth[39].

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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公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。 SPT Energy Group Inc. 華油能源集團有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1251） 截至二零二三年六月三十日止六個月之 中期業績公告 中期業績摘要 截至二零二三年六月三十日止六個月，本集團收入為人民幣843.1百萬元，較上 年同期的人民幣732.8百萬元，增加人民幣110.3百萬元或15.0%。 截至二零二三年六月三十日止六個月，本公司擁有人應佔溢利為人民幣9.3百萬 元，較上年同期的人民幣9.8百萬元，減少人民幣0.5百萬元或5.1%。 董事會不建議向本公司股東派付截至二零二三年六月三十日止六個月的中期股 息（截至二零二二年六月三十日止六個月：無）。 ...