Xin Lang Cai Jing·2025-08-29 06:33Core Viewpoint - The company reported strong financial performance in the first half of 2025, with significant growth in net profit and operational efficiency across various segments [1][2][3]. Group 1: Financial Performance - In H1 2025, the company achieved revenue of 23.32 billion yuan, a year-on-year increase of 3.5%, and a net profit attributable to shareholders of 1.96 billion yuan, up 23.3% [1]. - For Q2 2025, revenue reached 12.52 billion yuan, reflecting a 1.1% year-on-year growth, with net profit of 1.08 billion yuan, increasing by 12.5% [1]. - The company's net profit forecast for 2025-2027 is 3.62 billion, 3.96 billion, and 4.26 billion yuan, respectively, indicating a compound annual growth rate of 11% [3]. Group 2: Business Segments - The drilling services segment generated revenue of 7.24 billion yuan in H1 2025, a 12.8% increase year-on-year, with a gross margin of 12.9%, up 1.9 percentage points [1]. - The oilfield technology services segment reported revenue of 12.38 billion yuan, a decrease of 3.5% year-on-year, while focusing on an integrated engineering service model [2]. - The ship service segment saw revenue of 2.61 billion yuan, a 19.8% increase year-on-year, with a total of 41,510 operating days, up 27.6% [2]. - The geophysical exploration segment maintained revenue at 1.1 billion yuan, with a gross margin improvement of 7.0 percentage points [2]. Group 3: Operational Efficiency - The company improved operational efficiency in its drilling business, with self-elevating and semi-submersible platform operating days increasing by 10.5% and 10.8%, respectively [1]. - The company successfully completed the world's first 100,000-ton floating platform installation and towing, setting a new benchmark in offshore engineering [2].