於本公告日期，本公司執行董事為趙順強先生（董事長）、盧濤先生 及肖佳先生；本公司非執行董事為范白濤先生及劉秋東先生；本公司 獨立非執行董事為趙麗娟女士、郭琳廣先生及姚昕先生。 中海油田服務股份有限公司 CHINA OILFIELD SERVICES LIMITED (於中華人民共和國註冊成立之股份有限公司) （股票代號：2883） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條 規定而作出。 2025年10月29日 二、董事会会议审议情况 证券代码：601808 证券简称：中海油服 公告编号：临2025-027 中海油田服务股份有限公司 董事会 2025 年第四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本议案已经审计委员会审议通过，并同意提交董事会审议。 参会董事以 8 票同意，0 票反对，0 票弃权通过此项议案。 公司 2025 年第三季度报告请见公司同日于上海证券交易所网站 （www.sse.com.cn）披露的公告。 一、董事会会议召开情况 中海油田服务股份有限公司 ...

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分內容 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。 2883 公告 持續關連交易－訂立綜合服務框架協議 訂立綜合服務框架協議 如日期為2022年10月27日的公告及2022年11月9日的通函所披露，本公司已與中國海 油於2022年10月27日訂立現有框架協議。現有框架協議將於2025年12月31日屆滿。 本公司已於2025年10月29日與中國海油訂立框架協議。根據框架協議，本集團同意於 截至2026年、2027年及2028年12月31日止三個年度繼續向中國海油集團提供油田服 務，中國海油集團同意繼續向本集團提供裝備租賃、動能、原料及其它輔助服務和物 業服務。框架協議將在第一次臨時股東大會批准後於2026年1月1日起生效。 中國海油持有本公司50.86%股份，是本公司的控股股東，因此為香港上市規則所界定 的本公司關連人士。因此，根據香港上市規則第14A章，框架協議及其項下擬進行的 交易構成本公司的持續關連交易。 就框架協議而言，由於有關框架協議擬進行的持續 ...

中海油田服務股份有限公司 CHINA OILFIELD SERVICES LIMITED (於中華人民共和國註冊成立之股份有限公司) （股票代號：2883） -- 13.10B 2025 2025年10月29日 中海油田服务股份有限公司 2025 年第三季度报告 证券代码：601808 证券简称：中海油服 中海油田服务股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信 息的真实、准确、完整。 （一） 主要会计数据和财务指标 1 / 11 单位：百万元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期 末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 11,533.4 3.6 34,853.7 3 ...

Investment Rating - The report assigns an "Outperform" rating to the company for the first time [5]. Core Views - The company is a leading integrated oilfield service provider globally, with services spanning the entire offshore oil and gas exploration, development, and production process [14]. - The company is expected to benefit from the rising demand for offshore oil and gas development in China, supported by the capital expenditure plans of China National Offshore Oil Corporation (CNOOC) [2][43]. - The drilling service segment is experiencing an upward cycle, with high platform utilization rates and potential for daily rates to increase [2][21]. - The oilfield technology service segment is characterized by lower cyclicality and is expected to see steady revenue growth due to technological advancements [3][27]. Summary by Sections Company Overview - The company operates in four main business segments: drilling services, oilfield technical services, marine services, and geophysical exploration services [14]. - It holds a dominant position in the nearshore drilling market in China and has extensive experience in offshore oilfield services [14][21]. Market Outlook - Oil prices are expected to stabilize in the range of $60-65 per barrel, with OPEC+ maintaining a strong interest in supporting oil prices [2][43]. - The transition from land to offshore oil and gas exploration is driven by limited land resources and rising extraction costs [2]. Financial Projections - Revenue is projected to grow from 44,109 million yuan in 2023 to 62,957 million yuan in 2027, reflecting a compound annual growth rate (CAGR) of approximately 10.5% [4]. - Net profit is expected to increase from 3,013 million yuan in 2023 to 4,556 million yuan in 2027, with a CAGR of about 14.7% [4]. - The estimated price-to-earnings (PE) ratio for 2025 is projected to be between 18.6 and 20.0 times [3][4]. Valuation - The reasonable valuation range for the company's stock is estimated to be between 13.62 and 14.60 yuan, indicating a potential upside of 0% to 4.06% compared to the current stock price of 14.03 yuan [5][3]. - The company is expected to maintain a healthy return on equity (ROE) of around 7.6% in 2025, increasing to 8.9% by 2027 [4].

Group 1 - The core viewpoint of the news is the performance and changes in the top holdings of the Yinhua Xinyi Flexible Allocation Mixed Fund, which reported a net value growth rate of 23.93% over the past year [1] - The fund has added new top holdings including HSBC Holdings, Standard Chartered Group, Bank of China Hong Kong, Luzhou Laojiao, ZTO Express, Wuliangye, and Shenzhou International [1] - China Mobile remains the largest holding with an increase of 22.35 million shares, while other previous top holdings such as SMIC, Xiaomi Group, CATL, Tencent Holdings, and others have exited the top ten holdings [1] Group 2 - The fund's top ten holdings now include significant investments in HSBC Holdings with 2.68 billion yuan, Standard Chartered Group with 2.48 billion yuan, and Bank of China Hong Kong with 2.47 billion yuan [1] - The fund has increased its stake in China Mobile by 6.04%, holding 3.03 billion yuan worth of shares, while it has reduced its position in Focus Media by 34.09% [1] - The overall changes in the fund's portfolio reflect a strategic shift towards financial and consumer sectors, indicating potential investment opportunities in these areas [1]

Core Viewpoint - The successful drilling of Kuwait's first offshore Jurassic "wildcat well" by CNOOC Services using the "Oriental Dragon" platform marks a significant technical achievement and strengthens the company's reputation in the Middle East market [1][4]. Group 1: Technical Achievements - The "Oriental Dragon" platform successfully penetrated the challenging "Gothnia" formation, which is characterized by irregular distributions of hard gypsum and salt rocks, requiring high technical safety standards for oil and gas exploration [4]. - The team developed seven special operational guidelines and documents to ensure precise planning and monitoring of various aspects such as blowout preventers, drilling mud, and well control [4]. - The drilling operation was completed in ten days, establishing a foundation for future deep-sea oil and gas resource development in Kuwait [4]. Group 2: Industry Impact - The successful completion of the wildcat well drilling task is seen as a key breakthrough for CNOOC Services in the Kuwaiti drilling market, contributing to the accumulation of "Chinese experience" in complex well construction globally [5]. - The Kuwait National Petroleum Company expressed gratitude in a letter, highlighting the technical breakthroughs achieved and the importance of teamwork and collaboration in completing this historically significant task [4].

Core Viewpoint - Recent fluctuations in international oil prices have drawn attention to oil service stocks, particularly Hai Tian (02883), which is currently trading at 7.1 HKD, up 3.05%. The stock is at a critical point in a triangular consolidation pattern, indicating a potential directional choice in the short term [1]. Technical Analysis - The stock price of Hai Tian is hovering around the MA10 and MA30 at 6.84 HKD, with MA60 at 7.00 HKD acting as resistance. Despite an overall "sell" signal with a strength of 8, several leading indicators suggest a potential turnaround. The RSI is at 53, indicating a neutral zone, while the stochastic oscillator has issued a buy signal, particularly the momentum oscillator indicating oversold conditions that may lead to a bottom formation [2]. - Key support levels are at 6.74 HKD (first support) and 6.54 HKD (second support), while resistance levels are at 7.14 HKD (first resistance) and 7.34 HKD (second resistance) [2]. Market Environment - Major securities firms, such as Everbright Securities, have reported that in the context of increasing external uncertainties and significant oil price fluctuations, the "Big Three" oil companies (China National Petroleum, Sinopec, and CNOOC) will continue to enhance their production capacity. Their respective oil and gas equivalent production plans for 2025 are projected to grow by 1.6%, 1.5%, and 5.9% [1]. - The ongoing efforts to increase output while reducing costs are expected to highlight the long-term investment value of these companies, with market speculation suggesting that Hai Tian's stock price could rise above 8 HKD [1]. Derivative Opportunities - In the warrant market, although there are relatively few options for Hai Tian, the implied volatility tends to increase explosively when market movements occur. Investors optimistic about the recovery of the oil service sector may consider out-of-the-money call options, such as the Macquarie call option 26675 and the JPMorgan call option 15278, both with a strike price of 8.8 HKD and premiums around 27%, with implied volatilities of 53% and 51% respectively [4].

Group 1 - Oil stocks are performing actively against the market trend, with CNOOC Services (02883) up 3.05% to HKD 7.1, Shanghai Petrochemical (00338) up 2.94% to HKD 1.4, PetroChina (00857) up 1.15% to HKD 7.89, and CNOOC (00883) up 1.04% to HKD 19.52 [1] - On October 22, Brent crude oil futures increased by 2% to USD 62.41 per barrel, while WTI crude oil futures rose to over USD 58, gaining nearly 2% [1] - Ping An Securities noted that the easing of Middle Eastern geopolitical conflicts has led to a reduction in oil price risk premium, but risks from the Russia-Ukraine conflict and US-Venezuela tensions remain, alongside uncertainties regarding US government operations, tariffs, and interest rate cuts, suggesting that oil prices may experience volatility [1]

Group 1 - Oil stocks are performing actively against the market trend, with CNOOC Services (02883.HK) rising by 3.05% to HKD 7.1 [1] - Shanghai Petrochemical (00338.HK) increased by 2.94% to HKD 1.4 [1] - PetroChina (00857.HK) saw a rise of 1.15% to HKD 7.89 [1] - CNOOC (00883.HK) gained 1.04%, reaching HKD 19.52 [1]

Core Viewpoint - Shandong Molong's stock price increased by over 5%, marking its fourth consecutive day of gains with two limit-up sessions [1] - Sinopec Oilfield Service's stock rose by more than 3%, while CNOOC Oilfield Services saw an increase of over 1% [1] Company Performance - Shandong Molong recorded a significant rise in its A-share market performance, achieving a notable increase over four days [1] - Sinopec Oilfield Service and CNOOC Oilfield Services also experienced positive stock movements, indicating a favorable trend in the oil service sector [1]