Financial Performance - Operating revenue for the first nine months was RMB 11,757.3 million, an increase of 8.8% year-on-year[6] - The net profit attributable to shareholders of the listed company was RMB -146.4 million, compared to RMB -9,091.7 million in the previous year, indicating a substantial improvement[6] - The weighted average return on net assets improved to -0.42%, an increase of 21.17 percentage points from -21.59% in the previous year[6] - For the first three quarters of 2017, the group's revenue was RMB 11,757.3 million, an increase of RMB 953.2 million, or 8.8% year-on-year[12] - The group's net profit for the same period was RMB -118.6 million, a significant improvement of RMB 8,969.9 million compared to RMB -9,088.5 million in the previous year[12] - Total profit for the nine months was RMB 65.9 million, a turnaround from a loss of RMB -9,045.0 million in the previous year, reflecting improved operating performance[26] - Net profit for the period was RMB -118.6 million, a reduction in loss of RMB 8,969.9 million compared to RMB -9,088.5 million in the previous year[28] - Basic earnings per share improved to RMB -0.03, an increase of RMB 1.88 from RMB -1.91 in the previous year, reflecting reduced losses[29] Cash Flow - Net cash flow from operating activities increased significantly to RMB 1,105.0 million, up 1079.3% compared to the same period last year[6] - Cash flow from operating activities for the nine months was a net inflow of RMB 1,105.0 million, an increase of RMB 1,011.3 million year-on-year, driven by improved cash receipts from operations[44] - In Q3 2017, the net cash flow from operating activities was CNY 1,104,971,605, a significant increase compared to CNY 93,681,595 in the previous year[66] - For the first nine months of 2017, cash inflow from operating activities was CNY 8,519,967,058, an increase from CNY 7,453,747,492 year-over-year[67] Assets and Liabilities - Total assets at the end of the reporting period were RMB 73,641.4 million, a decrease of 8.6% compared to the end of the previous year[6] - The company reported a substantial reduction in liabilities, with total liabilities decreasing to CNY 39.06 billion from CNY 45.25 billion, a decline of about 13.7%[54] - The company's cash and cash equivalents decreased to CNY 5.34 billion from CNY 6.09 billion at the beginning of the year, reflecting a decline of approximately 12.5%[52] - Accounts receivable increased significantly to CNY 8.21 billion, up from CNY 4.80 billion, indicating a rise of approximately 71.5%[52] - The company reported a decrease in total equity to CNY 34.58 billion from CNY 35.30 billion, a decline of about 2.0%[54] Cost Management - The total operating cost for the first three quarters was RMB 12,041.3 million, a decrease of RMB 8,021.8 million, or 40.0% year-on-year[17] - The group focused on cost control measures, leading to significant reductions in employee compensation, material consumption, repair costs, and leasing expenses[17] - Sales expenses increased to RMB 16.8 million, up RMB 4.0 million, or 31.3% year-on-year[20] - Total operating costs decreased slightly to ¥4,503,358,597 from ¥4,523,760,478 year-over-year, indicating improved cost management[60] Shareholder Information - The total number of shareholders was 71,530 at the end of the reporting period[9] - The largest shareholder, China National Offshore Oil Corporation, held 50.53% of the shares[9] Investment and Financing Activities - The company reported a net cash flow from investment activities of CNY 5,035,494,472, compared to a negative net cash flow of CNY -1,026,400,129 in the previous year[67] - The company had a cash outflow from financing activities of CNY 6,236,433,259, which increased from CNY 4,683,215,728 in the same period last year[67] - Short-term borrowings increased to RMB 2,322.9 million, up RMB 1,629.2 million or 234.9% from RMB 693.7 million at the beginning of the year, primarily due to new borrowings[36] Operational Performance - The total operating days for drilling platforms reached 6,410 days, an increase of 331 days, or 5.4% year-on-year[14] - The available day utilization rate for self-elevating drilling platforms increased by 5.0 percentage points to 61.7%[13] - The total operating days for the group's owned fleet was 21,004 days, an increase of 3,363 days, or 19.1% year-on-year[15] - The three-dimensional data acquisition increased by 7,923 square kilometers to 23,218 square kilometers, a growth of 51.8% year-on-year[16] Other Information - The company has not reported any new product or technology developments in this quarter[6] - There are no significant mergers or acquisitions reported during this period[6] - The company aims to improve equipment utilization and operational workload in the fourth quarter of 2017 to enhance overall performance[49] - The company plans to continue its market expansion efforts and cost-cutting initiatives to achieve better operational results for the full year 2017[49] - The company received government subsidies of CNY 50,832,113 in Q3 2017, compared to CNY 3,220,000 in the same period last year[66]

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 7,102.2 million, a 1.6% increase compared to RMB 6,989.7 million in the same period last year[22]. - The net profit attributable to shareholders was a loss of RMB 369.5 million, significantly improved from a loss of RMB 8,403.2 million in the previous year[22]. - The net cash flow from operating activities increased by 30.0% to RMB 396.0 million, up from RMB 304.6 million year-on-year[22]. - The company's total assets decreased by 7.9% to RMB 74,191.8 million from RMB 80,544.1 million at the end of the previous year[22]. - The company's revenue for the first half of 2017 was RMB 7,102.2 million, an increase of RMB 112.5 million year-on-year[42]. - The net loss for the first half of 2017 was RMB 350.4 million, a significant reduction of RMB 8,049.1 million compared to the same period last year[42]. - The drilling services segment generated revenue of RMB 2,797.1 million, a decrease of 20.3% from RMB 3,510.7 million in the previous year[43]. - The oilfield technology services segment reported a revenue increase to RMB 2,483.0 million, a year-on-year growth of 15.9%[47]. - The ship service segment's revenue rose by 31.1% to RMB 1,140.2 million, with the owned fleet operating for 13,406 days, an increase of 16.3% year-on-year[50]. - The geophysical and engineering survey services segment achieved a revenue of RMB 681.9 million, reflecting a year-on-year increase of 45.9%[51]. Risk Factors - The company faces significant risks including market risks from oil companies reducing exploration and development activities, as well as health, safety, and environmental risks associated with offshore oilfield services[7]. - The company faced risks including market competition due to global oil supply surplus and low oil prices, which may affect project operations and market expansion[68]. - The company also highlighted health, safety, and environmental risks due to extreme weather conditions affecting offshore operations[68]. - The company is facing risks related to foreign currency fluctuations, fixed asset impairment, and accounts receivable collection due to low international oil prices[69]. - The company has established a risk assessment mechanism and a risk warning indicator system to identify and manage risks effectively[70]. Corporate Governance - The report is unaudited, and the management guarantees the financial report's authenticity, accuracy, and completeness[4]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has a dedicated board secretary, Jiang Ping, for investor relations[15]. - The CEO of the company is Qi Meisheng, who is responsible for the overall management[14]. - The company appointed Deloitte Huayong Certified Public Accountants and Deloitte Touche Tohmatsu as auditors for the fiscal year 2017[79]. - The company has not disclosed any major related party transactions during the reporting period[93]. - The company has not reported any significant accounting errors requiring retrospective restatement[99]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[98]. Strategic Initiatives - The company is focusing on enhancing its core competitiveness through cost management, technology industrialization, and innovation in business models[34]. - The company plans to adopt more proactive and flexible market strategies to stabilize and enhance its domestic market while intensifying efforts in overseas market expansion[73]. - The company aims to persistently focus on cost reduction and efficiency improvement to enhance operational performance[73]. - The company has established a strategic partnership with CNOOC, enhancing its service offerings in the domestic market[35]. - The company is actively pursuing a land use rights transfer agreement with CNOOC Infrastructure Management Co., with the project investment ratio meeting transfer requirements as of June 30, 2017[91]. Financial Position - The company's total liabilities decreased to RMB 39.69 billion from RMB 45.25 billion, a reduction of about 12.5%[133]. - The company's total equity of RMB 34.50 billion, down from RMB 35.30 billion, reflecting a decrease of approximately 2.3%[133]. - The company's cash and cash equivalents decreased to RMB 5.76 billion from RMB 6.09 billion, a decline of about 5.5%[132]. - The company's accounts receivable rose to RMB 7.18 billion from RMB 4.80 billion, an increase of about 49.8%[132]. - The company's current ratio is 1.42, an increase of 10.1% compared to the previous year[125]. - The quick ratio is 1.32, reflecting an 8.2% increase from the previous year[125]. - The debt-to-asset ratio is 53.5%, a decrease of 2.7 percentage points from the previous year[125]. - The loan repayment rate is 100%, down from 122.68% in the previous year, a decrease of 22.68 percentage points[125]. Environmental and Social Responsibility - The company has not experienced any significant environmental pollution incidents during the reporting period[96]. - The company’s subsidiary in Tianjin has been identified as a key pollutant unit, primarily dealing with hazardous waste from ship-generated oily water[95]. - The company has implemented strict environmental protection measures in compliance with laws and regulations[95]. Shareholder Information - As of June 30, 2017, the total share capital of the company was 4,771,592,000 shares, with China National Offshore Oil Corporation holding 50.53%[100]. - The largest shareholder, China National Offshore Oil Corporation, holds 2,410,849,300 shares, representing 50.53% of total shares[103]. - The company has no strategic investors or general corporations among the top ten shareholders due to new share placements[104]. - There were no changes in the controlling shareholder or actual controller during the reporting period[104]. Legal Matters - The company is involved in a lawsuit against Statoil, claiming illegal termination of a drilling contract, seeking damages that depend on the outcome of the litigation[79]. - The company has filed a claim for $15,238,596 against Statoil for losses incurred during a period of reduced daily rates[80].

证券简称：中海油服 证券代码：601808 公告编号：临 2017-019 中海油田服务股份有限公司 2017 年半年度业绩预告 特别提示 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的任何 虚假记载、误导性陈述或者重大遗漏承担个别及连带责任。 一、本期业绩预告情况 2017 年 1 月 1 日至 2017 年 6 月 30 日 （二）业绩预告情况 经中海油田服务股份有限公司（以下简称"公司"或 "本公司"）财务部门初步测算， 按照中国企业会计准则，与上年同期相比，归属于上市公司股东的净利润将减亏至人民币 -3.7 亿元左右。 （三）本次业绩预告未经注册会计师审计或审阅。 二、上年同期业绩情况（按照中国企业会计准则） （一）归属于上市公司股东的净利润：人民币-8,403 百万元。 （二）基本每股收益：人民币-1.76 元。 三、本期业绩减亏的主要原因 1、去年同期公司计提商誉及固定资产减值损失人民币 7,144 百万元，今年同期无此类 事项。 2、本年期内，公司努力巩固和开拓国内外市场，并均有新成果。其中，装备板块的使 用率有所提升、技术板块的贡献占比有所增长。公司积极采取多种措施提高装备 ...

Financial Performance - Operating revenue for the first quarter was RMB 3,057.7 million, down 9.4% year-on-year[5] - Net profit attributable to shareholders was RMB -544.8 million, an improvement of 41.2% compared to RMB -926.6 million in the same period last year[5] - Operating profit improved to RMB -518.1 million, a reduction in loss of RMB 385.4 million year-on-year, driven by decreased operating costs[20] - The net loss for Q1 2017 was CNY 533,197,470, compared to a net loss of CNY 922,714,308 in Q1 2016, representing a 42.3% improvement[45] - Basic earnings per share improved by 41.2% to RMB -0.11 from RMB -0.19 in the previous year[5] - The basic earnings per share for Q1 2017 was CNY -0.11, an improvement from CNY -0.19 in the previous year[45] Cash Flow - Cash flow from operating activities was RMB 196.4 million, a significant decrease of 78.3% compared to RMB 905.5 million in the previous year[5] - The net cash inflow from operating activities for the three months ended March 31, 2017, was RMB 196.4 million, a decrease of 78.3% year-on-year[30] - Operating cash inflow for Q1 2017 was CNY 4,561,546,379, a decrease from CNY 5,952,689,137 in the previous year, reflecting a decline of approximately 23.3%[49] - Net cash flow from operating activities was CNY 196,438,802, down from CNY 905,450,707, indicating a significant decrease of about 78.3%[49] - Cash flow from financing activities generated CNY 1,254,860,823, contrasting with a negative cash flow of CNY 583,662,288 in the previous year, indicating a turnaround[49] Assets and Liabilities - Total assets at the end of the reporting period were RMB 79,502.9 million, a decrease of 1.3% compared to the end of the previous year[5] - The total assets as of March 31, 2017, amounted to RMB 79.50 billion, compared to RMB 80.54 billion at the beginning of the year[38] - The total liabilities as of March 31, 2017, were RMB 44.74 billion, down from RMB 45.25 billion at the beginning of the year[39] - Current liabilities decreased to CNY 13,728,521,889 from CNY 15,063,547,673, a reduction of 8.8%[41] Operational Metrics - The number of operating days for drilling services decreased by 6.8% to 1,905 days compared to 2,043 days in the previous year[13] - The utilization rate of self-elevating drilling platforms decreased by 11.0% to 1,585 days, while semi-submersible drilling platforms increased by 22.1% to 320 days[13] - The company's drilling platform operations totaled 1,905 days, a decrease of 138 days or 6.8% year-on-year[15] - The self-elevating drilling platform operations accounted for 1,585 days, down 196 days, primarily due to contract transitions and some platforms being returned[15] - The semi-submersible drilling platform operations increased to 320 days, up 58 days, due to a reduction in standby and repair days[15] - The company's vessel service operations totaled 6,432 days, an increase of 907 days, with a calendar day utilization rate rising by 7.1 percentage points to 81.2%[15] Investment and Income - Investment income rose to RMB 53.7 million, an increase of RMB 32.1 million or 148.6% compared to the same period last year[19] - The three-dimensional data acquisition business saw a significant increase of 5,420 square kilometers year-on-year, attributed to operational activities in the international market[16] - The company received government subsidies totaling CNY 2,664,400, a significant increase from CNY 290,000 in the previous year[50] - Cash inflow from investment activities included CNY 3,200,000,000 from recovering investments, up from CNY 1,200,000,000, marking a 166.7% increase[51] Challenges and Future Outlook - The company continues to face challenges in the oilfield services industry despite a slight recovery in international oil prices[12] - The company is focused on cost control and market expansion to maintain and develop its business lines[12] - The company expects a certain increase in mid-year profits compared to the same period last year due to seasonal business characteristics and adjustments in service prices[36] - The company is involved in ongoing litigation against Statoil regarding contract termination and compensation claims[34]

Financial Performance - The company reported a net profit of RMB -11,459,456,594 for the year 2016, with a net profit attributable to shareholders of RMB -11,456,186,318[2]. - In 2016, the company's operating revenue was RMB 15,152.2 million, a decrease of 35.9% compared to RMB 23,654.0 million in 2015[19]. - The net profit attributable to shareholders was a loss of RMB 11,456.2 million, compared to a profit of RMB 1,073.9 million in 2015, marking a decline of 1,166.8%[19]. - The company's net cash flow from operating activities was RMB 2,740.6 million, down 58.2% from RMB 6,556.2 million in 2015[19]. - By the end of 2016, the total assets were RMB 80,544.1 million, a decrease of 13.9% from RMB 93,525.1 million at the end of 2015[19]. - The company reported a basic earnings per share of -RMB 2.40 in 2016, compared to RMB 0.23 in 2015, reflecting a decline of 1,166.8%[20]. - The weighted average return on equity was -27.98% in 2016, down 30.27 percentage points from 2.29% in 2015[20]. - The gross profit margin for the company dropped by 32.4 percentage points year-on-year, primarily due to the continued low oil prices and reduced demand in the oilfield services sector[74]. - The company reported a significant decrease in operating costs across all segments, with total operating costs amounting to RMB 17,295.8 million, down 32.4% from the previous year[74]. Dividend and Retained Earnings - The total distributable retained earnings as of December 31, 2016, amounted to RMB 15,450,440,854 after deducting the dividend payout of RMB 324,468,256 for the year 2015[2]. - The company plans to distribute a cash dividend of RMB 0.05 per share, totaling RMB 238,579,600, based on a total share capital of 4,771,592,000 shares[2]. - The company’s dividend policy stipulates that the annual payout should not be less than 20% of the net profit for the year, provided there are retained earnings[106]. - In 2016, the company declared a cash dividend of 0.50 CNY per share, totaling 238,579,600 CNY, with a net profit attributable to shareholders of -11,456,186,318 CNY[108]. - In 2015, the cash dividend was 0.68 CNY per share, amounting to 324,468,256 CNY, with a net profit of 1,073,907,130 CNY, representing a profit margin of 30%[108]. - In 2014, the company paid a cash dividend of 4.80 CNY per share, totaling 2,290,364,160 CNY, with a net profit of 7,492,057,527 CNY, achieving a profit margin of 31%[108]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[109]. Operational Efficiency and Market Conditions - The company’s operational efficiency metrics include calendar day utilization and operational day utilization rates, which are critical for assessing performance[9]. - The oilfield services market size decreased by 33% in 2016, reaching USD 22.13 billion, marking the first consecutive annual decline since 1996[26]. - The company aims to enhance its risk management capabilities in response to the low oil price environment, focusing on proactive risk assessment and control[40]. - The company maintained a stable safety and environmental performance, with an OSHA recordable incident rate of 0.1 in 2016[44]. - The company has established a mature global service network and long-term stable relationships with major international and national oil companies[32]. - The company has a complete R&D system and a team of experienced technical service experts, providing high-end technical services and solutions to key technical challenges[32]. Impairments and Asset Management - The company recognized goodwill impairment of RMB 3,455.4 million and fixed asset impairment of RMB 3,688.4 million due to the ongoing downturn in the oilfield services industry[30]. - The company recorded an asset impairment loss of RMB 8,272.7 million, including fixed asset impairment of RMB 3,688.4 million and goodwill impairment of RMB 3,455.4 million[88]. - The company’s goodwill was fully impaired, resulting in a 100% decrease from RMB 3,394.5 million in the previous year[90]. Debt and Financing - The company issued RMB 10 billion in corporate bonds and secured USD 350 million in low-cost revolving loans to optimize its debt structure[48]. - The company issued corporate bonds totaling RMB 30 billion in June 2016, with an interest rate of 4.10%[145]. - The financial expenses increased by 27.8% to RMB 648.4 million due to higher interest expenses[82]. Risk Management and Compliance - The company emphasizes the uncertainty of forward-looking statements regarding future plans and development strategies, highlighting the need for investors to recognize associated risks[3]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[4]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[114]. - The company has fulfilled its commitments regarding avoiding competition and addressing land rights issues as per its agreements[110]. - The company has no undisclosed litigation or arbitration situations during the reporting period[116]. - The company has not experienced any changes in its ordinary share capital structure during the reporting period[141]. Corporate Governance and Management - The company has a diverse board with a mix of executive and non-executive directors, enhancing governance[157]. - The average age of the board members is 55 years, contributing to a balance of experience and innovation[157]. - The company has seen a consistent structure in its executive team, with no significant turnover reported during the period[156]. - The report highlights the tenure of key executives, with some serving since 2016, ensuring continuity in leadership[157]. - The company emphasizes safety and operational efficiency, with executives having held positions related to safety management in drilling operations[159]. - The company has undergone significant leadership changes, with multiple executives holding key positions since 2016, reflecting a stable management structure[159]. Research and Development - Research and development expenditure in 2016 was RMB 567.1 million, down 35.7% from RMB 882.0 million in 2015[71]. - The company has developed 30 core products and improved its operational capabilities in high-temperature, high-pressure, and ultra-deepwater environments[47]. - The company successfully developed four types of deep-water drilling completion fluid technologies and five types of cementing process technologies, resulting in a total of 30 core products[84]. - Research and development investments have increased by 30%, totaling $150 million, aimed at advancing new technologies[162]. Market Expansion and Future Outlook - The company plans to enhance cooperation with oil companies and accelerate the development of overseas markets and integrated contracting services[26]. - The company aims to achieve a balanced revenue contribution of 50% from domestic and international markets in the medium to long term[45]. - The company is exploring partnerships to enhance its service offerings, which could lead to an additional H million in revenue[160]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the next fiscal year[162]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to $1.32 billion[162].

（一）业绩预告期间 2016 年 1 月 1 日至 2016 年 12 月 31 日。 （二）业绩预告情况 经中海油田服务股份有限公司（以下简称"公司"或 "本公司"）财务部门初步测算， 预计 2016 年年度经营业绩将出现亏损，按照中国企业会计准则，预计 2016 年度归属于上市 公司股东的净利润为人民币-1,170,000 万元左右。 证券简称：中海油服 证券代码：601808 公告编号：临2017-001 中海油田服务股份有限公司 2016 年年度业绩预亏公告 特别提示 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的任何虚 假记载、误导性陈述或者重大遗漏承担个别及连带责任。 一、本期业绩预告情况 （三）本期业绩预告预计的相关数据尚未经过审计。 特此公告。 中海油田服务股份有限公司 董 事 会 2016 年国际原油价格一度跌穿 30 美元/桶并经历了低位持续波动，全年 WTI 油价均价 仅为 43 美元/桶左右。油价低迷使得国际石油公司在 2015、2016 连续两年持续大幅削减资 本性支出，油田服务行业受到较大冲击。受此行业环境影响，公司 2016 年全年相关业务的 工作量、服务价格 ...

Financial Performance - For the first three quarters of 2016, the company's operating revenue was RMB 10,804.1 million, a decrease of 40.0% year-on-year[10] - The net profit attributable to shareholders for the same period was RMB -9,091.7 million, a decline of 827.9% compared to RMB 1,249.1 million in the previous year[7] - The basic earnings per share for the first three quarters was RMB -1.91, down 827.9% year-on-year[7] - The company's operating profit was RMB -9,054.4 million, a decrease of RMB 10,654.4 million or 665.9% compared to RMB 1,600.0 million in the same period last year[20] - The group's total profit for the nine months ended September 30, 2016, was RMB -9,045.0 million, a decrease of RMB 10,695.8 million or 647.9% compared to the same period last year[22] - The net profit for the same period was RMB -9,088.5 million, down RMB 10,378.3 million or 804.6% year-on-year[24] - Total operating revenue for Q3 2016 was ¥3,814,372,563, a decrease of 32.5% compared to ¥5,646,395,431 in Q3 2015[60] - Net profit for Q3 2016 was a loss of ¥689,003,937, compared to a profit of ¥367,913,585 in Q3 2015[60] - The total comprehensive income for Q3 2016 was -¥690,903,651, compared to ¥753,879,294 in Q3 2015[61] - The company reported a basic earnings per share of -0.14 for Q3 2016, down from 0.07 in Q3 2015[61] Assets and Liabilities - Total assets at the end of the reporting period were RMB 81,466.5 million, a decrease of 12.9% from the end of the previous year[7] - As of September 30, 2016, total equity attributable to shareholders was RMB 37,431.1 million, a decrease of 19.9% from the end of the previous year[7] - Total liabilities decreased by 5.8% to RMB 43,942.4 million compared to the beginning of the year[10] - The group's cash and cash equivalents as of September 30, 2016, were RMB 7,797.3 million, a decrease of RMB 5,008.3 million or 39.1% from the beginning of the year[27] - Total assets as of the end of Q3 2016 amounted to ¥72,578,515,274, slightly up from ¥72,406,315,355 at the end of Q2 2016[57] - Total liabilities increased to ¥28,480,566,009 in Q3 2016 from ¥27,362,895,215 in Q2 2016[57] - The company's equity attributable to shareholders decreased to RMB 37.43 billion from RMB 46.74 billion, a decline of approximately 20%[54] Cash Flow - The company's net cash flow from operating activities was RMB 93.7 million, a significant drop of 97.6% compared to RMB 3,832.1 million in the same period last year[7] - The group's cash flow from operating activities decreased by RMB 3,738.4 million year-on-year due to reduced cash received from sales[46] - Operating cash flow for the first nine months of 2016 was 11,079,869,407 RMB, down from 18,935,506,441 RMB in the same period last year, indicating a decrease of approximately 41%[67] - The company reported a decrease in cash received from sales of goods and services, totaling 11,076,649,407 RMB compared to 18,858,021,892 RMB in the previous year[66] - The company's cash and cash equivalents were RMB 7.80 billion, down from RMB 12.81 billion, representing a decrease of approximately 39.1%[53] Operational Metrics - The number of drilling platform operating days was 6,079, a decrease of 2,799 days or 31.5% year-on-year[12] - The utilization rate of available days for self-elevating drilling platforms decreased by 23.6 percentage points to 56.7%[12] - The number of operating days for the company's self-owned fleet was 17,641, a decrease of 363 days year-on-year[14] - The calendar day utilization rate for the fleet decreased by 11.9 percentage points to 80.3%[14] - The company experienced a significant decline in the operating days of oilfield support vessels, with a reduction of 1,339 days due to market conditions[14] Cost and Expenses - The company's financial expenses increased by RMB 315.0 million or 87.2% year-on-year, totaling RMB 676.3 million, primarily due to increased borrowings and bonds[18] - Asset impairment losses amounted to RMB 7,329.8 million, an increase of RMB 6,053.8 million or 474.4% compared to RMB 1,276.0 million in the previous year[19] - The company’s investment activities included cash inflows of 9,817,609,160 RMB, down from 10,004,954,951 RMB in the previous year[67] Strategic Initiatives - The company is actively exploring new service models and expanding into overseas markets to cope with the challenging market environment[10] - The company has implemented cost control measures through organizational restructuring and resource optimization[10] - The company has committed to maintaining quality management standards in its operations, ensuring compliance with national and international regulations[51] - The company’s stockholder, China National Offshore Oil Corporation, has committed to increasing its shareholding to stabilize the company amidst market fluctuations[51] Future Outlook - The company expects a significant loss for the entire year of 2016 due to ongoing low oil prices and seasonal factors affecting performance in the fourth quarter[51]

Financial Performance - The company's operating revenue for the first half of 2016 was RMB 6,989.7 million, a decrease of 43.4% compared to RMB 12,350.2 million in the same period last year [23]. - The net profit attributable to shareholders for the first half of 2016 was a loss of RMB 8,403.2 million, compared to a profit of RMB 894.7 million in the same period last year, representing a decrease of 1,039.2% [23]. - The weighted average return on equity decreased to -19.75%, down 21.64 percentage points from 1.89% in the same period last year [22]. - The company's net assets attributable to shareholders decreased by 18.4% to RMB 38,122.2 million from RMB 46,741.4 million at the end of the previous year [23]. - The company's total revenue decreased by 43.4% to RMB 6,989.7 million, with the drilling segment contributing 50.2% of total revenue [60]. - The gross profit margin fell to -10.4%, a decrease of 34.3 percentage points year-on-year, attributed to reduced workload and pricing pressures [60]. - The net loss for the period was a loss of RMB 8,399.5 million, a significant decline compared to a profit of RMB 921.9 million in the same period last year, reflecting a 1,011.1% decrease [49]. - The company anticipates a significant net loss for the full year 2016 due to ongoing low oil prices and competitive market conditions [56]. Revenue and Market Performance - The company achieved a significant milestone with overseas revenue accounting for over 40% of total revenue for the first time [29]. - The company successfully entered the Far East market and completed seismic acquisition contracts in the Arctic Barents Sea, setting a new record of 1,820.58 square kilometers of 3D seismic acquisition in a month [30]. - In the first half of 2016, the group's drilling service revenue was RMB 3,510.7 million, a decrease of 47.3% compared to RMB 6,665.3 million in the same period last year [37]. - The oilfield technical services revenue fell by 36.8% to RMB 2,142.1 million due to reduced operational volume [44]. - The group's ship service revenue decreased by 42.7% to RMB 869.6 million, with the owned fleet operating for 11,525 days, a decline of 3.1% [45]. - The geophysical and engineering survey services revenue was RMB 467.3 million, down 39.7% year-on-year [47]. - Domestic revenue declined by 48.1% to RMB 4,094.0 million, while international revenue decreased by 35.1% to RMB 2,895.7 million [62]. Financial Position and Cash Flow - The company reported a net cash flow from operating activities of RMB 304.6 million, a decrease of 79.2% from RMB 1,461.6 million in the same period last year [23]. - The company's cash and cash equivalents decreased by 35.9% to RMB 8,209.5 million from RMB 12,805.6 million due to debt repayment and interest payments [57]. - The company's total assets as of June 30, 2016, were RMB 80.95 billion, down from RMB 93.53 billion at the end of the previous year [124]. - The company maintained a loan repayment rate of 100% during the reporting period [116]. - The ending balance of cash and cash equivalents was 7,988,556,992 RMB, down from 6,146,006,760 RMB in the previous year [136]. - The company received 5,000,000,000 RMB from bond issuance during the first half of 2016 [136]. Corporate Governance and Compliance - The company maintains a commitment to transparency, with all board members present at the board meeting [2]. - The company has adhered to governance standards set by regulatory bodies, ensuring effective operation in compliance with relevant laws and regulations [92]. - The company has engaged Deloitte as its auditors for the fiscal year 2016, as approved in the 2015 annual general meeting [91]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period [103]. - The company has not engaged in any fundraising or changes in fundraising projects during the reporting period [70]. Research and Development - The company has made significant progress in R&D, with successful applications of self-developed drilling measurement systems and directional drilling technologies in the domestic market [31]. - The group successfully developed and applied five new types of cementing materials and completed the customized design of 22 types of completion tools [44]. - Research and development expenses decreased by 40.8% to RMB 186.6 million, reflecting reduced spending on materials [49][52]. Challenges and Future Outlook - The company continues to face severe challenges in its operations due to low oil prices and a sluggish oilfield service industry [74]. - The company plans to enhance its international operational capabilities and focus on innovation and reform to navigate the challenges in the industry [33]. - The company plans to continue expanding its domestic and international market presence while strictly controlling costs to improve future performance [56]. - The company expects a significant net loss for the first three quarters of 2016, with a projected loss of RMB 13 billion after asset impairment deductions [74]. Shareholder Information - As of June 30, 2016, the total share capital of the company was 4,771,592,000 shares, with China National Offshore Oil Corporation holding 2,410,849,300 shares, accounting for 50.53% of the total share capital [98]. - Public investors held 2,360,742,700 shares, representing 49.47% of the total share capital, with H-share shareholders holding 1,811,122,000 shares, which is 37.96% of the total [98]. - The top ten shareholders include China National Offshore Oil Corporation, which holds 50.53% of the shares, and Hong Kong Central Clearing Limited, which holds 37.89% [101]. - The company did not experience any changes in share capital structure during the reporting period [97]. Asset Management and Impairment - Asset impairment losses surged to RMB 7,142.4 million, a 509.0% increase year-on-year, primarily due to goodwill and fixed asset impairments [49][52]. - The company reported a 100% impairment of goodwill, amounting to RMB 3,455.4 million, due to market impacts [57]. - The company assesses financial assets for impairment at each balance sheet date, recognizing impairment losses when objective evidence indicates a decline in value [177].

2016 年第一季度报告 公司代码：601808 公司简称：中海油服 中海油田服务股份有限公司 2016 年第一季度报告 1 / 18 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 12 | 2016 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 方中 | 独立董事 | 其他公务原因 | 罗康平 | 二、 公司主要财务数据和股东变化 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 90,502.2 | 93, ...

Financial Performance - The company achieved a net profit of RMB 1,108,706,024 for the year 2015, with a net profit attributable to shareholders of RMB 1,073,907,130[2]. - In 2015, the company's operating revenue decreased by 29.9% to RMB 23,654 million compared to RMB 33,720 million in 2014[18]. - The net profit attributable to shareholders dropped by 85.7% to RMB 1,073.9 million from RMB 7,492.1 million in the previous year[18]. - The basic earnings per share fell by 85.4% to RMB 0.23, down from RMB 1.57 in 2014[19]. - The company reported a net cash flow from operating activities of RMB 6,556.2 million, a decrease of 35.5% from RMB 10,159.7 million in 2014[18]. - The gross profit margin decreased by 12.1 percentage points to 18.3%, primarily due to low oil prices and reduced demand in the oilfield services sector[71]. - The company reported a significant reduction in costs, with employee compensation in drilling services decreasing by 35.8% year-over-year[75]. - The net profit for 2015 was RMB 1,108.7 million, reflecting a significant decline of 85.3% year-on-year[67]. Dividend and Profit Distribution - As of the end of 2015, the company had a distributable retained profit of RMB 27,231,095,428 after distributing RMB 2,290,364,160 in dividends for the previous year[2]. - The company plans to distribute a cash dividend of RMB 0.068 per share, totaling RMB 324,468,256[2]. - The company aims to maintain a dividend payout ratio of at least 20% of the annual net profit, with a cash dividend of RMB 0.68 per share for 2015, totaling RMB 324,468,256[101]. Risks and Challenges - Major risks include fluctuations in oil and gas prices and safety and environmental risks[5]. - The company faced challenges due to low oil prices, leading to a reduction in exploration and development investments by oil companies[25]. - The company anticipates a significant decline in revenue and operating profit for 2016 compared to 2015 due to reduced capital expenditures by oil and gas companies[95]. - The company faces risks related to fluctuating oil prices, which may lead to reduced exploration and production investments by oil companies[97]. Assets and Liabilities - Total assets increased by 7.7% to RMB 93,525.1 million at the end of 2015, compared to RMB 86,874.3 million at the end of 2014[18]. - The company's overseas assets amounted to RMB 44.95 billion, accounting for 48.1% of total assets[29]. - The company recorded goodwill impairment of RMB 923.2 million, reducing total goodwill to RMB 3.39 billion, a decrease of 17.7% from the beginning of the year[29]. Operational Efficiency and Cost Control - The company emphasized cost control and operational efficiency, exceeding its annual cost reduction targets through various measures[43]. - The company achieved a utilization rate of 87.2% for its owned fleet, a decrease of 6.4 percentage points year-on-year[59]. - The company plans to enhance cash flow management and optimize financial structure while continuing to strengthen strategic partnerships with key clients in 2016[46]. Research and Development - The company has a comprehensive service chain and a strong R&D system, which enhances its competitive edge in the oilfield service industry[32]. - The company’s research and development expenses in 2015 were RMB 882.0 million, a decrease of 19.1% from RMB 1,089.8 million in 2014[70]. - Research and development expenditures totaled RMB 881,981,480, accounting for 3.7% of total revenue, with 10.2% of the workforce dedicated to R&D[77]. Market Position and Strategy - The company is one of the largest oilfield service providers globally, offering integrated services across the entire oil and gas exploration and production process[28]. - The company aims to enhance cooperation with oil companies and promote new technologies to help reduce costs amid market challenges[25]. - The company has successfully entered international markets, including operations in the Gulf of Mexico and Indonesia, while expanding domestic market presence[48]. Corporate Governance - The company’s board of directors includes three independent directors with extensive experience in finance, law, and financial sectors[170]. - The company confirmed that its internal control systems were effective and did not reveal any significant deficiencies during the reporting period[187]. - The independent directors effectively fulfilled their responsibilities, particularly in reviewing financial reports and risk management[170]. Financial Management - The company has engaged in various entrusted financial management products, including investments with China Merchants Bank totaling 500 million RMB, yielding returns of 4.96 million RMB[120]. - The company has consistently achieved positive returns across its financial investments, demonstrating effective asset management strategies[121]. - The total amount of entrusted financial management reached 9.8 billion RMB, with actual returns amounting to approximately 96.88 million RMB[120]. Shareholder Information - The total number of ordinary shares as of December 31, 2015, is 4,771,592,000, with China National Offshore Oil Corporation holding 2,410,849,300 shares, accounting for 50.53% of the total[128]. - The number of ordinary shareholders increased from 80,244 to 80,425 during the reporting period[133]. - The top ten shareholders include China National Offshore Oil Corporation with 50.53% and Hong Kong Central Clearing (Agent) Co., Ltd. with 37.89%[135].