Zhi Tong Cai Jing·2025-08-27 07:02Core Viewpoint - CNOOC Services reported a mixed performance in its interim results, with revenue growth but a decline in oil service income, leading to a stock price drop of over 4% following the announcement [1] Financial Performance - The company achieved revenue of 23.32 billion RMB, an increase of 3.51% year-on-year [1] - Profit attributable to shareholders was 1.964 billion RMB, reflecting a year-on-year increase of 23.33% [1] - Basic earnings per share were 0.4116 RMB [1] Oil Service Segment - Oil service income decreased by 3.5% year-on-year to 12.38 billion RMB, with operating profit margin remaining stable at 17% [1] - The number of oil service orders for the parent company may have slightly decreased year-on-year [1] Drilling Operations - The company's drilling operating profit significantly recovered compared to 2024, with an operating profit margin increase of 4 percentage points to 9% [1] - The number of operating days in the second quarter increased by 11% year-on-year to 5,017 days, with semi-submersible usage days rising by 12% and a 2% increase quarter-on-quarter [1] Future Outlook - The impact of drilling suspensions in the Middle East is expected to have largely dissipated from the second half of 2024 to the first half of 2025 [1] - Contracts in Southeast Asia and Brazil are anticipated to yield higher day rates and profits [1]