Sou Hu Cai Jing·2025-06-18 10:39Core Viewpoint - The company, PetroChina Oilfield Services, is experiencing a decline in stock price and has a high price-to-earnings (PE) ratio compared to its industry peers, indicating potential overvaluation in the current market [1][2]. Company Summary - The closing stock price of PetroChina Oilfield Services is 2.03 yuan, down 2.40%, with a rolling PE ratio of 57.22 times and a total market capitalization of 38.483 billion yuan [1]. - The company ranks 17th in the average PE ratio within the extraction industry, which has an average PE of 29.33 times and a median of 35.85 times [1][2]. - As of May 31, 2025, the number of shareholders is 107,500, a decrease of 2,700 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1]. Business Operations - PetroChina Oilfield Services specializes in large-scale integrated oil and gas engineering and technical services, with key products including geophysical services, drilling, logging, special downhole operations, and engineering construction [1]. - In 2024, the company plans to enhance its focus on key core technology breakthroughs and applications, achieving 15 provincial and ministerial-level scientific and technological awards, filing 1,034 patent applications (including 9 foreign patents), and obtaining 779 authorized patents [1]. - The company has established a key laboratory for logging services and has led the formation of a national technical committee for oil measurement testing [1]. Financial Performance - In the first quarter of 2025, the company reported an operating income of 17.850 billion yuan, a year-on-year decrease of 3.69%, and a net profit of 218 million yuan, reflecting a year-on-year increase of 23.00%, with a sales gross margin of 8.11% [1].