研报掘金丨华鑫证券：维持海油发展“买入”评级，多产业发展有望驱动业绩增长

Core Viewpoint - The report from Huaxin Securities indicates that CNOOC Development achieved a net profit attributable to shareholders of 1.829 billion yuan in the first half of 2025, representing a year-on-year increase of 13.15% [1] Financial Performance - In Q2, the company realized a net profit attributable to shareholders of 1.235 billion yuan, showing a year-on-year increase of 10.75% and a quarter-on-quarter increase of 107.97% [1] - For the first half of 2025, the company reported operating revenue of 22.597 billion yuan, which is a year-on-year growth of 4.46% [1] Business Strategy - The company is actively focusing on deep-sea technology and has seen stable growth in its three main business areas [1] - CNOOC Development is concentrating its resources on three major industries: energy technology services, low-carbon environmental protection and digitalization, and energy logistics services [1] Technological Advancements - The company is accelerating the high-end, intelligent, and green transformation of traditional industries [1] - CNOOC Development has launched ten digital management modules, including production management, carbon management, and safety management, and is vigorously promoting the construction of smart factories, with three new factories currently in trial operation [1] Future Outlook - Given the deepening of the company's technical services and the multi-industry development, there is potential for performance growth, leading to a slight upward adjustment in profit forecasts while maintaining a "buy" investment rating [1]