智通财经网·2025-10-31 07:20Core Viewpoint - China National Offshore Oil Corporation (CNOOC) reported a net profit of 32.4 billion RMB for Q3, reflecting a year-on-year decline of 12% and a quarter-on-quarter decrease of 2%, although it exceeded the expectations of the brokerage firm due to higher-than-expected trading profits [1] Financial Performance - The decline in profit was attributed to a slight decrease in production and an increase in unit costs on a quarterly basis [1] - The brokerage firm anticipates a 21% decline in profits for Q4, driven by expected decreases in oil prices and rising costs [1] Forecast Adjustments - The earnings forecast for 2025 has been raised by 1% [1] - The target price for H-shares has been adjusted from 24.87 HKD to 25.06 HKD, maintaining a "Buy" rating [1]