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]

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]

1 2024.8.28 2024 Interim Results Release Review of H1 results Contents Outlook of H2 Q&A 2 Disclaimer 3 l This document has been prepared by Anton Oilfield Services Group (the 'Company') for its corporate communication and general information only and may not be reproduced or redistributed to any person without the permission of the Company. This document does not constitute any recommendation or invitation to sell or subscribe for any class of securities or debentures of the Company or its subsidiaries (co ...

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]

Group 1 - The article reports on share buybacks conducted by various companies on April 30, 2025, highlighting the total amounts and quantities repurchased [1][2][3] - AIA Group (01299) had the largest buyback amount, repurchasing 3.7736 million shares for a total of 217 million [1][2] - China Merchants Industry Holdings (01919) and China Hongqiao Group (01378) also had significant buybacks, with 12.9715 million shares for 151 million and 4.6665 million shares for approximately 64.83 million respectively [2][3] Group 2 - The cumulative buyback amounts for the year show that AIA Group has repurchased a total of 584 million shares, representing 5.198% of its total share capital [2] - China Merchants Industry Holdings has repurchased 241 million shares, accounting for 7.530% of its total share capital [2] - Other notable companies include Times Electric (03898) with 8.016% of its total shares repurchased and Swire Properties (01972) with 1.530% [2][3] Group 3 - The buyback activities reflect a trend among companies to return capital to shareholders, with varying percentages of total share capital being repurchased across different firms [1][2] - Companies like FOSUN Pharma (02196) and Jitu Express (01519) have lower buyback percentages, at 1.800% and 0.645% respectively, indicating a more conservative approach [2][3] - The data suggests a strategic move by companies to enhance shareholder value amidst market conditions [1][2]

Financial Performance - Revenue for the fiscal year 2024 reached RMB 4,753,934 thousand, representing a 7.2% increase from RMB 4,434,798 thousand in 2023[20] - Operating profit for 2024 was RMB 657,769 thousand, up from RMB 600,686 thousand in 2023, indicating an increase of 9.5%[20] - The net profit attributable to equity holders for 2024 was RMB 242,649 thousand, a 23.5% increase compared to RMB 196,513 thousand in 2023[20] - The company’s basic earnings per share for 2024 was RMB 0.0854, an increase from RMB 0.0675 in 2023[20] - Net profit attributable to shareholders was approximately RMB 240 million, reflecting a year-on-year growth of about 23.5%[32] - The company’s net profit for 2024 was approximately RMB 257.5 million, an increase of about RMB 36.9 million or 16.7% compared to RMB 220.6 million in 2023[98] - The profit attributable to equity holders of the company for 2024 was approximately RMB 242.6 million, an increase of about RMB 46.1 million or 23.5% compared to RMB 196.5 million in 2023[99] Revenue Sources - In 2024, the company achieved a total revenue of RMB 4.75 billion, with overseas business accounting for 65.0% of total revenue[32] - The overseas market revenue was approximately RMB 3,091.1 million, a growth of RMB 403.0 million or 15.0% compared to RMB 2,688.1 million in 2023, accounting for about 65.0% of total revenue[50][51] - Revenue from the Iraq market was approximately RMB 2,601.4 million, an increase of RMB 390.5 million or 17.7% from RMB 2,210.9 million in 2023, representing 54.7% of total revenue[50][52] - Revenue from the Chinese market in 2024 was approximately RMB 1,662.8 million, a decrease of about 4.8% compared to RMB 1,746.7 million in 2023[60] Orders and Backlog - The company secured new orders totaling RMB 9.01 billion, representing a 53.7% increase compared to 2023, with overseas market orders growing by 78.8%[32] - In 2024, the group achieved a historic high in new orders totaling approximately RMB 9,009.2 million, representing a year-on-year growth of about 53.7%[43] - New orders from overseas markets surged by approximately 78.8%, reaching RMB 5,802.6 million, accounting for about 64.4% of total new orders[43] - The company's total backlog of orders reached a historical high of approximately RMB 14,224.2 million, ensuring future growth[43] Cost and Expenses - The company reported a decrease in financial costs, with net financial expenses dropping to RMB 156,301 thousand in 2024 from RMB 195,129 thousand in 2023[20] - Operating costs rose from RMB 3,112.5 million in 2023 to approximately RMB 3,350.9 million in 2024, an increase of about 7.7% due to the corresponding rise in revenue[88] - The research and development expenditure was approximately RMB 115.7 million in 2024, an increase of 3.6% from RMB 111.7 million in the previous year[79] - The capital expenditure for 2024 was approximately RMB 186.3 million, a decrease of about RMB 90.7 million from RMB 277.0 million in 2023[77] Dividends and Shareholder Returns - The company introduced a new dividend policy, proposing a dividend of RMB 0.025 per share for the fiscal year 2024[20] - The company announced a final cash dividend of RMB 73 million for 2024, alongside a share buyback policy[33] - The company plans to distribute a final dividend of RMB 73.0 million, an increase of 87.2% compared to the previous year's total dividend payout[47] Strategic Initiatives - The company plans to enhance its service offerings through four key solutions: efficiency in oil and gas development, effective utilization of natural gas resources, AI-enabled oil and gas development, and collaborative platform development[8] - The company aims to expand its operations in over 30 countries and regions, focusing on emerging markets in oil and gas development[7] - The strategic focus has shifted to becoming a "company that enhances the efficiency of oil and gas resource development and utilization," leveraging AI and platform collaboration capabilities[36] - The company continues to invest in R&D for new technologies and products to enhance operational efficiency and reduce costs[8] Sustainability and Corporate Governance - The company is committed to sustainable development and aims to become a leading global green energy technology service provider[8] - The company was selected for the S&P Global "Sustainable Development Yearbook (China Edition) 2024," marking a significant achievement in sustainability efforts[48] - The company emphasizes internationalization and diversity in talent recruitment, creating an equal and inclusive workplace environment[200] - The company has maintained high standards of corporate governance since its listing on December 14, 2007, and has complied with all applicable code provisions as of December 31, 2024[199] Talent and Workforce - The company aims to build a new talent system suitable for rapid global development and implement a partner system to stimulate employee engagement[36] - The total number of employees as of December 31, 2024, was 6,754, an increase of 244 from the previous year, with overseas employees accounting for 62.8%[82] - The company continues to focus on international talent recruitment to support its global expansion strategy[46] - The company aims to enhance its global talent acquisition strategy and build a professional recruitment network to support its globalization efforts[81]

Core Viewpoint - The global oil and gas market experienced significant fluctuations in the first quarter due to macroeconomic conditions, geopolitical factors, and supply-demand dynamics, yet the active development of oil and gas remains unaffected. The demand for natural gas continues to grow, particularly in emerging markets in Asia [1]. Group 1: Company Performance - In the first quarter, the company received new orders amounting to RMB 1,740.9 million, a decrease of 22.0% compared to the same period last year [1]. - New orders from the Iraq market were approximately RMB 700.2 million, down 47.4% year-on-year, while other overseas markets saw new orders of about RMB 325.2 million, an increase of 43.5% [1][2]. - The Chinese market contributed new orders of RMB 715.5 million, reflecting a growth of 6.0% compared to the previous year [1][2]. Group 2: Market Expansion and Projects - The company is focused on enhancing operational efficiency and has proposed four "efficiency improvement" solutions, including oil and gas field development, natural gas resource utilization, AI-enabled oil and gas development, and collaborative platform solutions [1]. - In Iraq, the company successfully bid for various projects, including fiber monitoring and oil field supervision services, despite a decline in new orders due to the completion of a large integrated oil field management service project [2]. - The company aims to establish the Defoy oil field as a benchmark for intelligent development in Iraq, with plans for digital innovation and collaboration recognized by the joint management committee [3]. Group 3: Operational Efficiency - The company is committed to lean operations and high-quality execution of orders, achieving smooth and efficient project operations in Iraq [3]. - In other overseas markets, the company completed an asset integrity management project in Indonesia, showcasing its technical coordination and execution capabilities [3]. - In China, the company is focused on providing comprehensive solutions and has successfully launched the expansion of the Southwest pressure decoupling project, increasing daily processing capacity to 3.2 million cubic meters [3].