Core Viewpoint - Hua You Energy (01251) reported a revenue of 1.713 billion yuan for the year ending December 31, 2025, reflecting a year-on-year increase of 1.14%. The loss attributable to shareholders was 126 million yuan, a decrease of 50.87% compared to the previous year, with a loss per share of 0.064 yuan [3]. Group 1: Financial Performance - The company achieved a revenue of 1.713 billion yuan, marking a 1.14% increase year-on-year [3]. - The loss attributable to shareholders decreased to 126 million yuan, down 50.87% from the previous year [3]. - The loss per share was reported at 0.064 yuan [3]. Group 2: Strategic Development - In 2025, the company focused on optimizing its strategic layout, adhering to a customer-centric service philosophy to enhance market competitiveness [3]. - The company is consolidating its domestic oil and gas base while optimizing its global layout, targeting potential markets in Central Asia, Southeast Asia, the Middle East, and South America [3]. - The company aims to expand its overseas business development under this strategic guidance [3]. Group 3: Business Operations - The oil and gas exploration and development business is integrating technology and resources to improve exploration accuracy and development efficiency [3]. - The oil and gas technical services business is expanding into emerging markets while maintaining its traditional market share, leveraging a full-chain technical support capability [3]. - The company is actively seizing market opportunities in renewable energy development, promoting the synergy between traditional and new energy businesses [3]. Group 4: Technological Innovation - The company achieved significant breakthroughs in technology, including the successful development of a 3-1/2, 20,000 PSI high-pressure safety valve [4]. - Progress was made in the research and development of high-temperature and high-pressure sensor products, reinforcing the company's core technological barriers [4]. - The company maintains a prudent financial policy and practices lean management to optimize market layout and strengthen key technological innovations [4].

Core Viewpoint - The company reported a revenue of 1.713 billion, a year-on-year increase of 1.14%, while the loss attributable to shareholders was 126 million, a decrease of 50.87% year-on-year, with a loss per share of 0.064 [1] Group 1: Financial Performance - The company achieved a revenue of 1.713 billion, reflecting a slight increase of 1.14% compared to the previous year [1] - The loss attributable to shareholders was 126 million, which represents a significant reduction of 50.87% year-on-year [1] - The loss per share was reported at 0.064 [1] Group 2: Strategic Development - The company focused on optimizing its strategic layout, adhering to a customer-centric service philosophy to enhance market competitiveness [1] - In 2025, the company made breakthroughs in market layout and technological innovation, consolidating its domestic oil and gas base while expanding globally into potential markets such as Central Asia, Southeast Asia, the Middle East, and South America [1] - The company’s various business segments supported each other, with oil and gas exploration and development enhancing precision and efficiency, and technology services expanding into emerging markets [1] Group 3: Technological Innovation - The company achieved significant breakthroughs in technological innovation, including the successful development of a 3-1/2, 20,000 PSI high-pressure safety valve, laying a solid foundation for future market expansion [2] - Progress was also made in the research and development of high-temperature and high-pressure sensor products, reinforcing the company's core technological barriers [2] - The company maintained a prudent financial policy and lean management operations, showcasing its resilience, operational flexibility, and sustainable development capabilities in a complex environment [2]

SPT Energy Group Inc. 華油能源集團有限公司* （於開曼群島註冊成立的有限公司） （股份代號：1251） 董事名單及其角色和職能 華油能源集團有限公司董事會（「董事會」）成員列示如下： 執行董事： 吳東方先生 （主席兼行政總裁） 李強先生 非執行董事： 胡國強先生 （主席） 陳春花女士 馬小虎先生 1 薪酬委員會： 張渝涓女士 （主席） 吳東方先生 胡國強先生 提名委員會： 王國強先生 武吉偉先生 陳春花女士 獨立非執行董事： 張渝涓女士 胡國強先生 馬小虎先生 董事會設立了三個專門委員會，其委員會成員載列如下： 審核委員會： 吳東方先生 （主席） 張渝涓女士 胡國強先生 香港，二零二六年三月二十六日 * 僅供識別 2 ...

Financial Performance - The revenue for SPT Energy Group Inc. for the year ended December 31, 2025, was RMB 1,713.4 million, an increase of RMB 19.3 million or 1.1% compared to RMB 1,694.1 million in the previous year[2]. - The loss attributable to equity holders of the company was RMB 125.9 million, a significant improvement from a loss of RMB 256.2 million in the previous year[2]. - The total comprehensive loss for the year was RMB 137.2 million, compared to RMB 291.4 million in the previous year, showing a notable improvement[7]. - The basic and diluted loss per share for the year was RMB 0.064, compared to RMB 0.131 in the previous year, indicating an improvement in per-share performance[6]. - The company reported an operating loss of RMB 88.99 million, a significant reduction from an operating loss of RMB 217.99 million in the previous year[6]. - The net loss for the year was RMB 128.6 million, a reduction of RMB 135.0 million or approximately 51.2% from the previous year[41]. - The company reported a net loss before tax of RMB (121,735,000) for 2025, an improvement compared to a loss of RMB (246,577,000) in 2024[20]. Assets and Liabilities - The total assets decreased to RMB 2,391.6 million from RMB 2,508.7 million, reflecting a decline of approximately 4.7%[4]. - Non-current assets decreased to RMB 567.2 million from RMB 579.3 million, a reduction of about 2.9%[4]. - Current assets decreased to RMB 1,824.4 million from RMB 1,929.4 million, a decline of approximately 5.4%[4]. - The total liabilities slightly decreased to RMB 1,500.9 million from RMB 1,506.2 million, a reduction of about 0.4%[5]. - The total equity attributable to equity holders was RMB 8,908 million as of December 31, 2025, a decrease of RMB 1,315 million or 12.9% from RMB 10,223 million as of December 31, 2024[89]. Cash Flow and Financing - Operating cash flow for the year ended December 31, 2025, was RMB 21,281,000, compared to RMB 40,692,000 in 2024, reflecting a decrease of 47.6%[8]. - Net cash generated from operating activities decreased to RMB 5,086,000 in 2025 from RMB 26,379,000 in 2024, a decline of 80.7%[8]. - Cash used in investing activities was RMB 28,412,000 in 2025, down from RMB 32,709,000 in 2024, indicating a reduction of 13.8%[8]. - Financing activities generated net cash of RMB 5,087,000 in 2025, a significant decrease from RMB 98,064,000 in 2024, representing a decline of 94.8%[8]. - Total borrowings increased to RMB 701,137,000 in 2025 from RMB 677,432,000 in 2024, an increase of 3.3%[8]. - Interest paid rose to RMB 28,222,000 in 2025 from RMB 26,492,000 in 2024, an increase of 6.5%[8]. Revenue Segmentation - Revenue from the drilling segment was RMB 440,541,000, while the completion segment generated RMB 280,572,000, and the reservoir segment contributed RMB 817,376,000 for 2025[18]. - Revenue from external customers in China was RMB 966,615,000 for 2025, a decline from RMB 1,044,354,000 in 2024, reflecting a decrease of approximately 7.4%[23]. - The oil reservoir segment generated revenue of RMB 817.4 million, a slight increase of RMB 0.5 million or 0.1% year-on-year[45]. - The drilling services segment reported revenue of RMB 440.5 million, a decrease of RMB 22.0 million or 4.8% compared to the previous year[47]. - The completion services segment achieved revenue of RMB 280.6 million, a marginal decrease of RMB 0.3 million or 0.1% year-on-year[48]. Operational Efficiency - The group’s material costs decreased to RMB 488.5 million, down RMB 13.5 million or 2.7% from RMB 502.0 million in the previous year, primarily due to changes in business structure[67]. - Employee benefits expenses decreased to RMB 565.8 million, a reduction of RMB 75.7 million or 11.8% from RMB 641.5 million in the previous year, attributed to a decrease in employee numbers[68]. - The group’s other operating costs decreased to RMB 197.5 million, down RMB 19.6 million or 9.0% from RMB 217.1 million in the previous year[74]. - The group’s depreciation and amortization expenses increased to RMB 56.0 million, up RMB 0.8 million or 1.4% from RMB 55.2 million in the previous year[71]. Strategic Focus and Market Expansion - The company is focusing on market expansion in Central Asia, Southeast Asia, the Middle East, and South America to enhance its global presence[41]. - The company aims to optimize its strategic layout while adhering to a customer-centric service philosophy to improve market competitiveness[41]. - The company is focusing on enhancing its core technology service capabilities and exploring diversified innovation models to strengthen its competitive edge in the oil service market[53]. - The company plans to optimize its business layout and strengthen core competitive advantages, focusing on technology-driven strategies and expanding into high-value overseas projects[98]. Corporate Governance and Compliance - The company has confirmed compliance with the corporate governance code as of December 31, 2025[104]. - The audit committee and auditors have reviewed the accounting principles and practices adopted by the group for the fiscal year ending December 31, 2025[107]. - The company has adopted a lean management model to enhance risk control capabilities and improve operational efficiency[103]. - The company emphasizes a performance-oriented assessment mechanism to boost team execution and work efficiency[103].

Core Viewpoint - The company, Huayu Energy (01251.HK), will hold a board meeting on March 26, 2026, to consider and approve the annual performance for the year ending December 31, 2025, and to discuss the potential declaration of a final dividend, if applicable [1] Group 1 - The board meeting is scheduled for March 26, 2026 [1] - The meeting will focus on the annual performance for the fiscal year ending December 31, 2025 [1] - The board will also consider the declaration of a final dividend [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 香港，二零二六年三月十六日 於本公告日期，執行董事為吳東方先生、李強先生及丁克臣先生；非執行董事為 王國強先生、武吉偉先生及陳春花女士；及獨立非執行董事為張渝涓女士、胡國 強先生及馬小虎先生。 * 僅供識別 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條而作出。 華油能源集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事 會會議將於二零二六年三月二十六日（星期四）召開，藉以（其中包括）考慮及批准 本公司及其附屬公司截至二零二五年十二月三十一日止年度之年度業績及其發佈 並考慮派付期末期股息（如有）。 承董事會命 華油能源集團有限公司* 主席 吳東方 SPT Energy Group Inc. 華油能源集團有限公司* （於開曼群島註冊成立的有限公司） （股份代號：1251） 董事會會議通告 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華油能源集團有限公司 呈交日期: 2026年3月5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) | 01251 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 USD | | 500,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 USD | | 500,000 | 本月底法定/註冊股本總額： USD 500,000 ...

Core Viewpoint - Huayu Energy (01251) expects a loss attributable to equity holders of the company for the year ending December 31, 2025, to be approximately RMB 100 million to RMB 150 million, which is an improvement compared to a loss of RMB 256 million in the previous year [1] Group 1 - The anticipated loss represents a narrowing of the loss margin compared to the previous year [1] - The board attributes this improvement primarily to the optimization of the business structure and enhanced cost control measures [1] - There has been a reduction in asset impairment losses for the group [1] - Revenue growth from certain overseas projects has contributed to the overall improvement in operational performance [1]

Core Viewpoint - Huayu Energy (01251) expects a loss attributable to equity holders of approximately RMB 100 million to RMB 150 million for the fiscal year ending December 31, 2025, which is an improvement compared to a loss of RMB 256 million in the previous year [1] Group 1 - The reduction in loss is primarily attributed to the optimization of the business structure and enhanced cost control measures [1] - The company has experienced a decrease in asset impairment losses [1] - Revenue growth from certain overseas projects has contributed to the overall improvement in operational performance [1]

Core Viewpoint - Huayu Energy (01251.HK) expects a narrowed loss for the fiscal year ending December 31, 2025, with projected losses between RMB 100 million and RMB 150 million, compared to a loss of RMB 256 million in the previous year [1] Group 1: Financial Performance - The company anticipates a loss attributable to equity holders of approximately RMB 100 million to RMB 150 million for the current year [1] - Last year's loss attributable to equity holders was RMB 256 million, indicating an improvement in financial performance [1] Group 2: Reasons for Improvement - The improvement in financial performance is attributed to the optimization of the business structure and enhanced cost control measures [1] - There has been a reduction in asset impairment losses during the current year [1] - Revenue growth from certain overseas projects has contributed to the overall operational performance improvement [1] Group 3: Market Conditions - Despite the improvement, some clients continue to focus on cost reduction and efficiency, indicating ongoing market competition [1] - The company acknowledges that more time is needed to fully reverse the loss situation despite the structural adjustments and cost control measures implemented [1]