Zhi Tong Cai Jing·2025-10-30 07:16Core Viewpoint - Sinopec Oilfield Services (中石化油服) reported mixed financial results for the first three quarters of 2025, with slight revenue growth but a decline in net profit [1] Financial Performance - The company achieved operating revenue of 55.163 billion yuan, an increase of 0.5% year-on-year [1] - Net profit attributable to shareholders was 669 million yuan, a decrease of 1% year-on-year [1] - In Q3 2025, total operating revenue reached 18.1 billion yuan, up 0.3% year-on-year [1] - The net profit for Q3 was 180 million yuan, down 21.2% year-on-year [1] Cash Flow and Financial Health - The net cash flow from operating activities for the first three quarters was 3.1 billion yuan, an increase of 4.7 billion yuan year-on-year [1] - As of September 30, the debt-to-asset ratio was 87.8%, a decrease of 0.29 percentage points year-on-year, indicating an improvement in capital structure [1] R&D Investment - In Q3 2025, the company's R&D expenses amounted to 460 million yuan, an increase of 249 million yuan year-on-year [1] - The accrual of phase expenses had a certain impact on the company's quarterly performance [1]