证券代码：600583 证券简称：海油工程 编号：临 2024-021 海洋石油工程股份有限公司 关于高管变更的公告 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法律责任。 海洋石油工程股份有限公司（以下简称"公司"）于近日收到李鹏 先生的书面辞职申请。因工作变动原因，李鹏先生申请辞去公司 财务总监、董事会秘书、总法律顾问职务，其辞职申请自送达公司 董事会之日起生效。 李鹏先生辞职后，不再担任公司其他任何职务。公司董事会 对李鹏先生为公司发展作出的贡献表示衷心的感谢！ 公司于 2024 年 8 月 16 日召开第八届董事会第五次会议，审议 通过了《关于聘任蔡怀宇先生为公司财务总监、董事会秘书、总法律 顾问的议案》。根据公司管理和发展需要，经董事会提名委员会提 名，同意聘任蔡怀宇先生（简历见附件）为公司财务总监、董事 会秘书、总法律顾问。其任期自公司董事会审议通过之日起至公 司第八届董事会任期届满之日止。 鉴于蔡怀宇先生暂未取得上海证券交易所董事会秘书资格 证书，目前将代行董事会秘书职责。蔡怀宇先生承诺将参加最近 一期上海证券交易所举办 ...

证券代码：600583 证券简称：海油工程 公告编号：临 2024-017 本次投资者说明会以网络互动形式召开，公司将针对 2024 年上 半年的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 会议召开时间：2024 年 08 月 21 日(星期三) 上午 09:00-10:00 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：上证路演中心网络互动 投资者可于 2024 年 08 月 14 日(星期三) 至 08 月 20 日(星期 二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏 目或通过公司投资者关系邮箱 tijing@cooec.com.cn 进行提问。 公司将在说明会上对投资者普遍关注的问题进行回答。 证券代码：600583 证券简称：海油工程 公告编号：临 2024-017 二、 说明会召开的时间、地点 （一） 会议召开时间：2024 年 08 月 21 日上午 09:00-10:00 海洋石油工程股份有限公司 关于召开 2024 年半年度业绩 ...

Investment Rating - The report gives a "Buy" rating for the company with a target price of ¥6.47 per share, based on a 15x PE multiple for 2024 [2] Core Views - The company is the leading EPCI (Engineering, Procurement, Construction, and Installation) player in China's offshore oil and gas engineering sector, with stable growth in both domestic and international revenues [1] - The company is transitioning from an international subcontractor to a general contractor, which is expected to enhance its profitability and competitive advantage [1][3] - The offshore oil and gas industry is expected to remain highly active, with deepwater development becoming a key focus, benefiting the marine oilfield services sector [1][10] Domestic Business - In 2023, the company's domestic revenue reached ¥24.7 billion, with offshore engineering revenue accounting for ¥22.6 billion, a 10.8% YoY increase [1] - The company's domestic revenue is highly correlated with CNOOC's capital expenditures, which are expected to remain high, supporting the company's domestic growth [1][27] - Domestic non-offshore engineering revenue, mainly from LNG receiving station projects, declined by 9.1% in 2023, but the company still has potential for future orders as 11 LNG receiving stations are expected to be operational during the "15th Five-Year Plan" period [1][27] International Business - In 2023, the company's international revenue was ¥6 billion, with new contract awards reaching a record high of ¥14.2 billion, driven by three major EPCI projects in the Middle East [1][27] - The company aims to achieve a revenue target of ¥60 billion by 2035, with a balanced contribution from domestic oil and gas, clean energy, and international businesses [1] - The company is transitioning from a subcontractor to a general contractor in international markets, which is expected to improve its pricing power and profitability [1][51] Industry Outlook - The oilfield services industry is expected to remain robust, with oil prices projected to stay at mid-to-high levels in 2024-2025, supporting upstream capital expenditures [10][12] - Deepwater and ultra-deepwater oil and gas development is becoming a key focus, with global offshore oil and gas capital expenditures reaching $116 billion in 2023 and expected to rise to $125 billion in 2024 [10][15] - The shift in upstream investment towards offshore projects is expected to benefit the marine oilfield services sector, with offshore exploration and development investments projected to grow at an annual rate of 6.8% from 2022 to 2026 [10][15] Profit Forecast and Valuation - The company is expected to achieve net profits of ¥1.907 billion, ¥2.336 billion, and ¥2.662 billion in 2024, 2025, and 2026, respectively, with EPS of ¥0.43, ¥0.53, and ¥0.60 per share [2] - The company's PE ratios for 2024-2026 are estimated at 12.6x, 10.3x, and 9.0x, respectively, based on the forecasted earnings [2] Competitive Advantages - The company has significant scale advantages, with a total land area of nearly 4 million square meters and a fleet of 19 vessels, including deepwater construction and installation capabilities [53][55] - The company's transition to a general contractor model in international markets is expected to enhance its profitability and market position [51][52] - The company's cost structure is expected to improve as it increases its self-built engineering capacity, reducing reliance on subcontractors and lowering costs [57]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 5.67 RMB [4] Core Views - The company signed a $523 million EPC contract with POSCO International for the SHWE gas field development in Myanmar, marking a significant step in its overseas strategy [1][2] - The project demonstrates the company's deepwater EPC capabilities, as it involves work at depths exceeding 1,000 meters [2] - Overseas projects continue to progress steadily, with key projects in Saudi Arabia, Uganda, Brazil, and Qatar advancing as planned [2] - The company is expected to benefit from the high industry growth and increased upstream capital expenditure by its parent company [2] Financial Performance - Revenue is projected to grow from 29.36 billion RMB in 2022 to 49.65 billion RMB in 2026, with a CAGR of 14.1% [4] - Net profit is forecasted to increase from 1.46 billion RMB in 2022 to 2.50 billion RMB in 2026, with a CAGR of 14.6% [4] - EPS is expected to rise from 0.33 RMB in 2022 to 0.57 RMB in 2026 [4] - ROE is projected to improve from 6.15% in 2022 to 8.60% in 2026 [4] Industry Outlook - Global upstream exploration and development capital expenditure is expected to exceed $600 billion in 2024, a 5.7% increase from 2023 [2] - The parent company, CNOOC, has set a capital expenditure budget of 125-135 billion RMB for 2024, representing continued growth from 2023 [2] Valuation Metrics - The company's P/E ratio is expected to decline from 17x in 2022 to 10x in 2026 [4] - The P/B ratio is projected to decrease from 1.1x in 2022 to 0.9x in 2026 [4] - EV/EBITDA is forecasted to drop from 10.8x in 2022 to 4.1x in 2026 [8] Operational Highlights - In Q1 2024, the company secured new contracts worth 6.52 billion RMB, an 11% YoY increase [2] - Domestic new contract value reached 6.11 billion RMB in Q1 2024, up 17% YoY [2] - Overseas new contract value was 407 million RMB in Q1 2024, down 39% YoY [2]

证券代码：600583 证券简称：海油工程 编号：临 2024-016 海洋石油工程股份有限公司 自愿披露关于海外项目的公告 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法律责任。 特别提示： 1、项目的重大风险及不确定性：在项目履行过程中，受外部宏 观环境重大变化、国家有关政策变化以及其他不可预见或不可抗力等 因素，将可能影响项目的履行情况。 2、对上市公司的影响：本项目如顺利实施，将对公司未来业绩 和市场形象产生积极影响，对公司当年损益的影响情况需以审计机构 年度审计确认后的结果为准。 一、项目基本情况 海洋石油工程股份有限公司（以下简称"公司"）于 2024 年 7 月 17 日与韩国浦项制铁国际公司签署 SHWE 气田四期开发总包合同， 公司作为总包商将承担设计、采购、海上运输安装及预调试总承包工 作，合同金额约为 5.23 亿美元。 二、项目合作方介绍 | 合作方全名 | POSCO INTERNATIONAL Corporation | | --- | --- | | 成立时间 | 2000 | | 当地注册税号 | 10 ...

证券代码：600583 证券简称：海油工程 公告编号：临 2024-015 海洋石油工程股份有限公司 2023 年年度权益分派实施公告 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。 重要内容提示： 每股分配比例 A 股每股现金红利 0.147 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/6/17 | － | 2024/6/18 | 2024/6/18 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 16 日的 2023 年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本 4,421,354,800 股为基数，每股派发现金红利 0.1 ...

海油工程(600583) 公司研究/公司深度 6 证 受益于油服高景气，多元布局行稳致远 券 ——海油工程首次覆盖报告 研 究 报 ◼ 核心观点 告 买入( 首次) 领跑海洋油气工程赛道，加大分红回报股东。作为亚太地区规模最大、 实力最强的海洋油气工程总承包之一，公司背靠中海油集团，在立足 公 传统海洋工程主业的基础上，业务拓展至陆地 LNG 工程等清洁能源 行业： 石油石化 司 领域，推动公司2024Q1归母净利润达到4.75亿元。同时，2023年公 日期： y 20x2z4q年da0te5m月a3r1k日 研 司股利分配率同比增长约 9.77pct 达到 40.11%。未来随着公司业绩增 究 长，分红水平或继续提升。 分析师： 赵飞 高油价助力油服景气向上，行业龙头持续受益。OPEC+的坚持减产为 E-mail： zhaofei@yongxingsec. 油价提供了较强的底部支撑，同时美国页岩油产量增幅相比 2023 年 com 或大幅放缓，原油供需紧平衡的态势有望维持，对高位油价形成支撑， SAC编号： S1760524040002 推动全球油服市场持续复苏，而公司作为国内唯一的大型海洋油气工 程总承包 ...

Investment Rating - The report maintains a "Buy" rating for the company [8][10]. Core Views - The company has a full workload and sufficient orders, benefiting from the recovery of the offshore engineering industry [5][6]. - In Q1 2024, the company achieved total revenue of 5.672 billion yuan, a year-on-year decrease of 11.33%, while net profit attributable to shareholders increased by 5.96% to 475 million yuan [6]. - The company completed a record steel processing volume of 472,000 tons in 2023, a 25% increase year-on-year, and is actively advancing domestic and international oil and gas engineering projects [7]. - The company secured a market contract amount of 33.986 billion yuan in 2023, a 32.55% year-on-year increase, with overseas contracts reaching 14.176 billion yuan, a 233% increase [7]. - The potential of offshore oil and gas resources is significant, and the company is expected to benefit from increased capital expenditure by CNOOC [7]. - The company has announced a shareholder return plan, aiming for a cash dividend payout ratio of no less than 30% in the future [8]. Summary by Sections Financial Performance - In Q1 2024, the company reported total revenue of 5.672 billion yuan, a decrease of 11.33% year-on-year, while net profit attributable to shareholders was 475 million yuan, an increase of 5.96% [6]. - The company expects EPS for 2024-2026 to be 0.49 yuan, 0.61 yuan, and 0.78 yuan, respectively, with corresponding PE ratios of 13.05X, 10.43X, and 8.13X [8]. Market Development - The company has a robust order backlog of approximately 40.5 billion yuan, providing strong support for future workloads [7]. - The company is actively developing markets and has made significant breakthroughs in international contracting, transitioning from subcontractor to general contractor [7]. Industry Outlook - The offshore oil and gas sector is expected to see increased activity, with CNOOC's capital expenditure budget for 2024 set between 125 billion and 135 billion yuan, indicating growth potential for the offshore service industry [7].

证券代码：600583 证券简称：海油工程 公告编号：临 2024-014 海洋石油工程股份有限公司 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长王章领先生主持会议。本次股东大 (一) 股东大会召开的时间：2024 年 5 月 16 日 (二) 股东大会召开的地点：天津港保税区海滨十五路 199 号海油工程 A 座办 公楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 会采用现场投票和网络投票相结合的方式表决，会议的召集、召开程序符合《公 司法》、《证券法》、《上市公司股东大会规则》等有关法律、法规、规范性文件及 《公司章程》的规定。 (五) 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 2023 年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 36 | | --- | --- | | ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 85191300 传真：(86-10) 85191350 junhebj@junhe.com 北京市君合律师事务所 关于海洋石油工程股份有限公司 2023 年年度股东大会的法律意见书 一、关于本次股东大会的召集和召开 （一）根据贵公司第八届董事会第三次会议决议以及 2024 年 4 月 25 日在上 海证券交易所网站上刊载的《海洋石油工程股份有限公司关于召开 2023 年年度 股东大会的通知》（以下简称"《股东大会通知》"），贵公司董事会已就本次股 东大会的召开作出决议，并于会议召开二十日前以公告形式通知了股东，《股东 大会通知》中有关本次股东大会会议通知的内容符合《公司章程》的有关规定。 （二）根据本所律师核查，本次股东大会采取现场投票与网络投票相结合的 方式召开。 （三）根据本所律师核查，贵公司通过上海证券交易所交易系统和互联网投 票系统向贵公司股东提供了网络投票服务。其中，通过交易系统投票平台的投票 时间为股东大会召开当日的交易时间段，即9:15-9:25，9:30-11:30，13:00-15:00； 通过互联网投 ...