Core Viewpoint - The company, China Petroleum Engineering Co., Ltd., reported a total new contract amount of 99.216 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 5.25% [6]. Financial Data - The financial report for the third quarter of 2025 is unaudited [3][8]. - The company has a guarantee balance of approximately 45.191 billion yuan, which accounts for 170.46% of the audited net assets as of December 31, 2024 [7]. Contract Information - The new contracts signed are categorized as follows: - Domestic contracts: 73.952 billion yuan (74.54%) - Overseas contracts: 25.264 billion yuan (25.46%) - Oil and gas field surface engineering: 24.218 billion yuan (24.41%) - Pipeline and storage engineering: 24.750 billion yuan (24.95%) - Refining and chemical engineering: 20.656 billion yuan (20.82%) - Emerging businesses and future industries: 28.015 billion yuan (28.23%) - Other businesses: 1.577 billion yuan (1.59%) [6]. Investor Communication - The company will hold a performance briefing on November 20, 2025, from 14:00 to 15:00, to discuss the third-quarter results and address investor questions [12][13]. - Investors can submit questions from November 13 to November 19, 2025, through the Shanghai Stock Exchange Roadshow Center [10][14].

Core Insights - China National Petroleum Engineering Co., Ltd. (中油工程) reported a total operating revenue of 57.529 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 12.42% [1] - The net profit attributable to shareholders of the parent company was 523 million yuan, showing a year-on-year decline of 17.22% [1] - The basic earnings per share (EPS) stood at 0.0937 yuan [1] Financial Performance - Total operating revenue reached 57.529 billion yuan, up 12.42% year-on-year [1] - Net profit attributable to shareholders decreased to 523 million yuan, down 17.22% year-on-year [1] - Basic earnings per share reported at 0.0937 yuan [1]

证券代码：600339 证券简称：中油工程 公告编号：临 2025-060 中国石油集团工程股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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个别及连带责任。 重要内容提示： 中国石油集团工程股份有限公司（以下简称"公司"）已于2025年10月31日发布 2025年第三季度报告，为便于广大投资者更全面深入地了解公司2025年第三季度经营 成果、财务状况，公司计划于2025年11月20日（星期四）14:00—15:00举行2025年第 三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 会议召开时间：2025 年 11 月 20 日（星期四）下午 14:00—15:00 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow. sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 11 月 13 日（星期四）至 11 月 19 日（星期三）16:00 前 登录上证路演中心网站首页，点击"提问预征集"栏目 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥21,242,383,250.22, representing a year-on-year increase of 12.84%[3] - Total profit for the quarter was ¥162,258,358.42, a decrease of 33.10% compared to the same period last year[3] - Net profit attributable to shareholders was ¥53,257,088.94, down 49.19% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥41,487,481.17, reflecting a decline of 53.96% from the previous year[3] - Basic earnings per share for the quarter were ¥0.0095, a decrease of 49.47% compared to the same period last year[4] - Net profit for the first three quarters of 2025 was CNY 534.01 million, a decrease of 15.3% from CNY 630.29 million in 2024[20] - The basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.0937, a decrease from CNY 0.1132 in the same period of 2024[21] - The company's financial expenses included interest expenses of CNY 252.23 million, compared to CNY 101.51 million in the previous year, indicating an increase in financing costs[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥124,202,247,000.58, an increase of 14.53% from the end of the previous year[4] - The company's total current assets as of September 30, 2025, were RMB 115.892 billion, an increase from RMB 100.379 billion at the end of 2024[17] - The company's total assets amounted to RMB 124.202 billion as of September 30, 2025, compared to RMB 108.442 billion at the end of 2024[17] - The company's total liabilities increased to CNY 97.35 billion in 2025 from CNY 81.93 billion in 2024, reflecting a growth of 18.7%[19] - The company's contract liabilities increased to CNY 35.75 billion in 2025 from CNY 30.46 billion in 2024, reflecting a growth of 17.5%[19] Cash Flow - The company reported a cash flow from operating activities of -¥3,589,111,962.99 for the year-to-date[3] - Operating cash inflow for the first three quarters of 2025 reached CNY 75.17 billion, a 26.83% increase from CNY 59.27 billion in the same period of 2024[22] - Net cash flow from operating activities was -CNY 3.59 billion, an improvement from -CNY 7.32 billion year-over-year[23] - Cash outflow from investment activities totaled CNY 782.48 million, significantly higher than CNY 215.34 million in the previous year[23] - Cash inflow from financing activities increased to CNY 3.89 billion, compared to CNY 2.00 billion in the same period last year, marking a 94.5% increase[23] - The net increase in cash and cash equivalents was -CNY 356.77 million, a notable improvement from -CNY 5.92 billion in the previous year[23] - Cash received from sales of goods and services was CNY 65.05 billion, up from CNY 56.26 billion, reflecting a 15.5% growth[22] - Total cash outflow from operating activities was CNY 78.76 billion, compared to CNY 66.59 billion in the previous year, indicating a 18.1% increase[23] Contracts and Business Operations - The company signed new contracts totaling RMB 99.216 billion in the first three quarters of 2025, representing a year-on-year growth of 5.25%[12] - Domestic contracts accounted for RMB 73.952 billion, or 74.54% of the total new contracts, while overseas contracts amounted to RMB 25.264 billion, or 25.46%[12] - The new contracts in the oil and gas field surface engineering business reached RMB 24.218 billion, making up 24.41% of the total[12] Inventory and Receivables - The company reported a receivable balance of RMB 18.386 billion in accounts receivable, up from RMB 11.787 billion in the previous year[16] - The company’s inventory increased to RMB 19.600 billion from RMB 14.121 billion year-on-year[17] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[24]

Market Overview - The oil service engineering sector increased by 0.33% compared to the previous trading day, with Keli Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Keli Co., Ltd. (code: 920088) closed at 34.82, with a rise of 2.87% and a trading volume of 31,900 shares, amounting to a transaction value of 109 million yuan [1] - Huibo Yin (code: 002554) closed at 3.45, up 2.37%, with a trading volume of 852,700 shares, totaling 291 million yuan [1] - Zhongman Petroleum (code: 619609) closed at 20.10, increasing by 1.57% with a trading volume of 95,300 shares [1] - Other notable stocks include Beiken Energy (code: 002828) at 11.59 (+1.40%), Qianeng Hengxin (code: 300191) at 20.49 (+1.19%), and Tongyuan Petroleum (code: 300164) at 5.99 (+1.01%) [1] Capital Flow - The oil service engineering sector experienced a net outflow of 61.94 million yuan from institutional investors, while retail investors saw a net inflow of 58.92 million yuan [2][3] - The main capital inflow and outflow for specific stocks include: - Huibo Yin: net outflow of 46.79 million yuan from main capital [3] - Ren Zhi Co., Ltd. (code: 002629): net inflow of 13.97 million yuan from main capital [3] - Zhongman Petroleum: net inflow of 13.35 million yuan from main capital [3] - Tongyuan Petroleum: net inflow of 11.08 million yuan from main capital [3]

Market Overview - The oil service engineering sector experienced a decline of 0.82% on October 28, with Keli Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable stock performances included: - Renji Co., Ltd. (002629) rose by 10.01% to a closing price of 9.56, with a trading volume of 355,000 shares and a transaction value of 329 million [1] - Beiken Energy (002828) increased by 1.78% to 11.43, with a trading volume of 421,700 shares and a transaction value of 484 million [1] - Other stocks such as Huibo Yin (002554) and CNOOC Development (600968) saw declines of 0.30% and 0.76%, respectively [1] Capital Flow - The oil service engineering sector saw a net outflow of 33.92 million from institutional investors, while retail investors contributed a net inflow of 20.92 million [2][3] - The capital flow for individual stocks showed mixed results, with Renji Co., Ltd. experiencing a significant net outflow of 46.05 million from institutional investors [3] Individual Stock Analysis - Keli Co., Ltd. (920088) closed at 33.85, down 2.67%, with a trading volume of 31,000 shares and a transaction value of 106 million [2] - Zhongman Petroleum (603619) and Huo Ding Tian Station (600583) also faced declines of 2.08% and 1.61%, respectively [2] - The net inflow from retail investors for stocks like Renji Co., Ltd. was negative, indicating a potential shift in investor sentiment [3]

Oil Market Overview - The average weekly price for Brent and WTI crude oil futures is $63.4 and $59.3 per barrel, respectively, with increases of $1.4 and $1.0 compared to the previous week [1][2] - U.S. crude oil production stands at 13.63 million barrels per day, showing a decrease of 10,000 barrels per day week-on-week [2] - Active oil rigs in the U.S. increased by 2 to a total of 420, while active fracturing fleets rose by 3 to 175 [2] Crude Oil Inventory - Total U.S. crude oil inventory is 830 million barrels, with commercial inventory at 420 million barrels, strategic inventory at 410 million barrels, and Cushing inventory at 20 million barrels. Changes from the previous week include decreases of 1.4 million barrels and 0.96 million barrels in total and commercial inventories, respectively, while strategic inventory increased by 0.82 million barrels and Cushing inventory decreased by 0.77 million barrels [1][2] Refinery Activity - U.S. refinery crude processing volume is 15.73 million barrels per day, up by 600,000 barrels per day from the previous week, with a refinery utilization rate of 88.6%, an increase of 2.9 percentage points [2] Oil Trade Dynamics - U.S. crude oil imports, exports, and net imports are 5.92 million, 4.20 million, and 1.72 million barrels per day, respectively, with imports increasing by 390,000 barrels per day and exports decreasing by 260,000 barrels per day [2] Refined Product Overview - Average prices for gasoline, diesel, and jet fuel are $78, $95, and $89 per barrel, respectively, with week-on-week changes of +$1.1, +$2.0, and -$5.1 [3] - Refined product inventories for gasoline, diesel, and jet fuel are 220 million, 120 million, and 40 million barrels, respectively, with decreases of 2.15 million, 1.48 million, and 1.49 million barrels week-on-week [4] - Production levels for gasoline, diesel, and jet fuel are 959, 463, and 164 thousand barrels per day, with increases of 24, 4, and decreases of 7 thousand barrels per day, respectively [5] Refined Product Demand and Trade - Consumption of gasoline, diesel, and jet fuel is 845, 385, and 172 thousand barrels per day, with no change in gasoline, a decrease of 39 thousand barrels per day in diesel, and an increase of 3 thousand barrels per day in jet fuel [6] - Gasoline imports, exports, and net exports are 80, 1.21 million, and 1.14 million barrels per day, with changes of -30, +190, and +230 thousand barrels per day, respectively [6] Recommended Companies - Companies recommended for investment include China National Offshore Oil Corporation (CNOOC), PetroChina, Sinopec, CNOOC Services, and others [6]

Core Viewpoint - China National Petroleum Engineering Company (中油工程) announced that it has no overdue external guarantees [1] Group 1 - The company released an announcement on the evening of October 24 [1]

Market Overview - The oil service engineering sector experienced a decline of 1.83% on October 24, with Junyou Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Notable stock movements included: - Renji Co., Ltd. (002629) rose by 3.03% to a closing price of 61.6, with a trading volume of 293,600 shares and a turnover of 269 million yuan [1] - Junyou Co., Ltd. (002207) fell by 7.51% to a closing price of 8.38, with a trading volume of 607,500 shares and a turnover of 522 million yuan [2] - Other significant declines included Beiken Energy (002828) down 5.88% and Tongxin Petroleum (300164) down 4.72% [2] Capital Flow - The oil service engineering sector saw a net outflow of 185 million yuan from institutional investors, while retail investors contributed a net inflow of 209 million yuan [2][3] - Specific stock capital flows included: - Haiyou Development (600968) had a net inflow of 17.91 million yuan from institutional investors, but a net outflow of 15.76 million yuan from retail investors [3] - Zhongyou Engineering (600339) experienced a net inflow of 14.47 million yuan from institutional investors, with a net outflow of 3.09 million yuan from retail investors [3]

证券代码：600339 证券简称：中油工程 公告编号：临 2025-059 中国石油集团工程股份有限公司 关于 2025 年 9 月份担保发生情况的公告 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个别及连带责任。 重要内容提示： 中国石油集团工程股份有限公司（以下简称"公司"）分别于 2024 年 12 月 13 日和 2024 年 12 月 30 日召开第九届董事会第五次临时会议和 2024 年第四次临时股东大会，审议通 过了《关于公司 2025 年度担保预计情况的议案》，公司因担保发生频次较高，逐笔披露不便， 因此按月汇总披露公司及子公司实际发生的担保情况。 2.董事会审批：（1）同一担保人在被担保基础业务计划外的所属分、子公司授信及履约 担保项目的调剂事项。（2）单笔担保金额大于等于20亿元人民币或等值外币的除授信担保以 外的对外担保事项。 以上担保预计情况详见公司分别于2024年12月14日和2024年12月31日在上海证券交易所 网站发布的《关于公司2025年度担保预计情况的公告》（公告编号：临2024-070）和《202 ...