Group 1 - The stock price of Antong Oilfield Services (03337) increased by 11.51% on August 7, reaching HKD 1.55 per share with a trading volume of HKD 8.4898 million [1] - Antong Oilfield Services Group is a leading integrated oilfield technology service company, providing comprehensive oil and gas development products and technical services globally [1] - The company operates in over 30 countries and regions, including China, the Middle East, Africa, Central Asia, Southeast Asia, and Latin America, focusing on maximizing the value of oil and gas assets for clients while promoting social progress [1] Group 2 - As of the 2024 annual report, Antong Oilfield Services reported a total operating revenue of RMB 4.754 billion and a net profit of RMB 243 million [2]

呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03337 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,500,000,000 | HKD | | 0.1 | HKD | | 350,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,500,000,000 | HKD | | 0.1 | HKD | | 350,000,000 | 本月底法定/註冊股本總額： HKD 350,000,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限 ...

Group 1 - Nanshan Aluminum International (02610.HK) expects a mid-term net profit of approximately $225 million to $265 million for the six months ending June 30, 2025, compared to a net profit of about $159 million for the same period ending June 30, 2024 [1] - The increase in net profit is primarily attributed to an improvement in gross margin, driven by higher alumina prices and relatively stable unit production costs [1] - The average selling price of the company's products for the first half of 2025 is expected to be around $530 per ton, up from approximately $387 per ton in the first half of 2024, but lower than $561 per ton in the second half of 2024 [1] Group 2 - TCL Electronics (01070.HK) anticipates a year-on-year adjusted net profit growth of approximately 45% to 65% for the first half of 2025 [2] - Renrui Talent (06919.HK) expects a mid-term profit attributable to equity holders to increase by 66.7% to 94.1% [2] - China Rare Earth Holdings (03788.HK) reports an increase in total gold resources to 5.07 million ounces [2]

Core Viewpoint - The company reported a resilient performance in the second quarter, driven by increased demand for oil and gas efficiency solutions amid fluctuating international oil prices and geopolitical tensions [1] Group 1: Financial Performance - The company achieved new orders of RMB 30.12 billion in the second quarter, representing a 14.2% increase year-on-year [1] - New orders from the Iraq market amounted to approximately RMB 18.12 billion, up 20.5% compared to the same period last year [2] - New orders from other overseas markets reached about RMB 2.87 billion, reflecting a significant increase of 69.3% year-on-year [2] - In contrast, new orders from the Chinese market were approximately RMB 9.13 billion, showing a decline of 5.4% year-on-year [2] Group 2: Market Developments - The company successfully renewed integrated oilfield management project orders in Iraq and secured contracts for various services, contributing to a 20.5% increase in new orders in that market [2] - The company made its first breakthrough in the Malaysian market by winning a natural gas utilization project, laying a solid foundation for future expansions [2] - In Chad and Kazakhstan, the company won contracts for mud technology services and downhole tool sales, respectively, contributing to the overall growth in overseas markets [2] Group 3: Operational Efficiency - The company is focused on lean operations and efficient project execution, with significant progress in the Iraq market, including the expansion of the Defer Oilfield contract area by approximately 20% [3] - The establishment of a dedicated project team for the natural gas commercialization project in Malaysia has been recognized for its technical coordination and execution capabilities [3] - In China, the company is emphasizing comprehensive solutions and technological breakthroughs, achieving a significant production increase through innovative techniques [3] Group 4: Order Backlog - As of June 30, 2025, the company has an order backlog of approximately RMB 163.52 billion, with the Iraq market accounting for about RMB 72.24 billion, representing 44.2% of the total backlog [4] - The Chinese market holds an order backlog of approximately RMB 76.14 billion, making up 46.5% of the total [4] - Other markets contribute approximately RMB 15.14 billion to the backlog, accounting for 9.3% [4]

Group 1 - China's investment and construction projects in the energy sector for Saudi Arabia, Iraq, UAE, Kuwait, Qatar, and Angola from 2020 to 2024 total $50.28 billion, with major oil and gas projects accounting for $29.15 billion, showing a year-on-year increasing trend [1] - The oil service equipment industry has high standards, long application cycles, and requires dual certification from both the industry and clients, creating significant technical barriers and a favorable competitive landscape [1] - Leading domestic oil service equipment companies, such as Jereh and Neway, have seen explosive growth in orders from the Middle East, with Jereh's orders in the region expected to double in 2024 and Neway's overseas orders increasing by 60% in Q1 2025, with Middle East and Africa orders making up 44% of the total [1] Group 2 - The long-term energy transition concerns have led oil companies to favor the development of offshore oil and gas resources, which have superior resource endowments and lower barrel costs, as oil prices remain stable [2] - The development of offshore oil and gas resources is gaining momentum, with advancements in technology and equipment enhancing the competitiveness of China's oil service industry in international markets [2] - It is recommended to focus on resource stocks and oil service stocks that demonstrate stable performance [2] Group 3 - Related Hong Kong-listed companies in the oil service sector include CNOOC Services (02883), Sinopec Oilfield Services (01033), Giant Oilfield Services (03303), Anton Oilfield Services (03337), and Honghua Group (00196) [3]

2022 Performance Highlights - Anton Oilfield Services Group achieved revenue of RMB 3,514.9 million in 2022[14] - Profit attributable to equity holders reached RMB 293.8 million in 2022[14] - Overseas markets experienced substantial growth, with the Iraqi market growing by 48% to RMB 1,536.0 million[18], and other overseas markets growing by 16.2% to RMB 485.2 million[18] - New businesses contributed a growing percentage of total revenue, reaching 41% in 2022[21] - Free cash flow reached a historical high of RMB 426.0 million in 2022[29] - The company reduced its financial leverage, with the gearing ratio decreasing to 58.6% and Debt/EBITDA decreasing to 2.0X[32] Strategic Initiatives and Developments - Anton successfully introduced strategic investors into T-ALL inspection, financing RMB 252 million through selling 18.69% of T-ALL's interests[24] - The company is pursuing asset securitization, with plans to spin off the inspection business to the A-share market[24] - Anton is focused on precision engineering technology services, which led to a production increase of over three times in a tight sandstone gas reservoir project in North China[22] 2023 Outlook and Growth Strategies - The company aims to capitalize on the widening global oil and gas supply gap and opportunities for stable development[39, 40] - Anton plans to expand its global presence, focusing on markets like Iraq, West Africa, China, Indonesia, and other emerging regions[47] - The company intends to promote precision engineering technology to upgrade traditional business and change the competitive landscape[39, 50] - Anton will continue to develop unique and innovative businesses, including oilfield management, asset leasing, inspection, and digital services[39, 53] - The company aims to improve operating efficiency and deliver quality results through data-driven strategies[39, 74]

Financial Performance - The company's revenue increased by 12.1% from RMB 1,688.0 million in 1H 2022 to RMB 1,892.4 million in 1H 2023 [9] - Profit attributable to owners of the company increased by 7.9% from RMB 90.7 million in 1H 2022 to RMB 97.9 million in 1H 2023 [9] - Free cash flow increased by 14.0% from RMB 150.2 million in 1H 2022 to RMB 171.2 million in 1H 2023 [9] Business Growth and Strategy - Overseas business led the growth, with revenue in Iraq increasing by 37.5% from RMB 720.0 million in 1H 2022 to RMB 990.0 million in 1H 2023 [13] - Revenue in other overseas markets increased by 11.2% from RMB 214.8 million in 1H 2022 to RMB 238.8 million in 1H 2023 [14] - Revenue from innovative businesses grew more than 30% [19] - Innovative businesses contributed more than 50% of total revenue, with RMB 1,025.0 million in 1H 2023 compared to RMB 788.1 million in 1H 2022 [19] - Revenue in the domestic market decreased by 12.1% from RMB 753.2 million in 1H 2022 to RMB 662.0 million in 1H 2023 [16] Future Outlook and Opportunities - The industry anticipates rapid growth in unconventional oil and gas development [43] - The company aims to seize opportunities in domestic and overseas markets, focusing on stimulation services and natural gas utilization [46, 47] - The company will continue to develop the Anton platform by matching online and offline businesses [54] - The company will implement full-process cash flow management [58]

Financial Performance - The company's revenue hit a historical high of RMB 4,434.8 million in FY2023[15], a 26.2% increase compared to RMB 3,514.9 million in FY2022[9] - Profit attributable to equity holders increased by 17.3% from RMB 426.0 million in FY2022 to RMB 499.5 million in FY2023[9] - Free cash flow increased by 18.5% from RMB 164.5 million to RMB 195.0 million[9] - The company paid dividends of RMB 39 million[32] Business Growth and Structure - Revenue from international business surpassed 60% of the total revenue[11, 16], reaching 60.6% in 2023 compared to 57.5% in 2022[17] - International business revenue grew by over 33%[18] - Innovative business revenue grew rapidly, reaching RMB 2,298.4 million in FY2023[19], a 37.4% increase compared to RMB 1,672.2 million in FY2022[19] - The proportion of innovative business increased, accounting for 51.8% of revenue in 2023 compared to 47.6% in 2022[21] - Traditional engineering services revenue rose 15.9%[27] Strategic Outlook - The company will fully deploy the global market, promoting continuous growth in international business[46] - The company will transform business model by advancing digitalization and platform-based development[46] - The company will continue to implement asset securitization strategy, promote business growth, and enhance investor returns[46]

Financial Performance - Revenue increased by 15% from RMB 1,892.4 million in H1 2023 to RMB 2,176.3 million in H1 2024[9] - Profit attributable to equity holders increased by 8.2% from RMB 97.9 million in H1 2023 to RMB 105.9 million in H1 2024[9] - Free cash flow increased by 15.2% from RMB 171.2 million in H1 2023 to RMB 197.2 million in H1 2024[9] - New orders reached a record high of over RMB 4.8 billion in H1 2024[12] Business Operations - Revenue in China remained stable at approximately RMB 665.2 million in H1 2024 compared to RMB 663.6 million in H1 2023[14] - Revenue in Iraq surged to RMB 1,241.1 million in H1 2024 from RMB 990.0 million in H1 2023[16] - Revenue from new markets increased by 12.4% to RMB 270.0 million in H1 2024 from RMB 238.8 million in H1 2023[17] - Traditional services revenue increased by 24.0% from RMB 680.5 million in H1 2023 to RMB 844.0 million in H1 2024[23] - Innovative services revenue increased by 17.4% from RMB 1,029.6 million in H1 2023 to RMB 1,208.9 million in H1 2024[23] Strategic Initiatives - The company won the super project of Iraq Dhufriyah oilfield development, securing a 25-year development right[11, 30] - The company paid a 2023 annual dividend of RMB 39 million and resumed its dividend policy[34] - The company repurchased and cancelled 26.1 million shares from the secondary market[35]

Financial Performance - Revenue increased to RMB 4,753.9 million in FY2024 [8], a 7.2% increase compared to RMB 4,434.8 million in FY2023 [8] - Profit attributable to equity holders reached RMB 196.5 million in FY2024 [8] - Free cash flow nearly doubled, reaching RMB 979.7 million in FY2024 [8], a 96.1% increase compared to RMB 499.5 million in FY2023 [8] - A dividend of RMB 73 million was declared for 2024 [37, 60], representing an 87.3% year-over-year increase [37] Market Expansion and Orders - Revenue from overseas reached 65% of total revenue [11, 17] - Total orders from overseas surged to RMB 5,802.6 million in FY2024 [19], a 78.8% increase compared to RMB 3,244.8 million in FY2023 [19] - Innovative business new orders increased by 19%, reaching RMB 4,235.3 million in FY2024 [21] from RMB 3,558.2 million in FY2023 [21] Strategic Initiatives - The company fully repaid its USD bond [10, 15] - The company won the bid for the Iraq Dulfriyah Oilfield Mega Project [13, 32] - Over 52 million shares were repurchased in 2024 [37]