Core Viewpoint - The company reported a revenue of 1.323 billion yuan and a net profit of 23.41 million yuan for the first three quarters of 2025, highlighting a significant contract win in the FPSO sector [1] Financial Performance - Revenue for the first three quarters reached 1.323 billion yuan [1] - Net profit for the same period was 23.41 million yuan [1] - The gross profit margin for the third quarter exceeded 20%, marking the highest level since 2018 [1] Key Contracts and Projects - The company and its wholly-owned subsidiary signed a contract for an FPSO project valued between 190 million to 240 million USD [1] - The project includes comprehensive services such as design, material procurement, and construction of the FPSO upper module [1] - The FPSO will be deployed in the significant oil and gas region of the Guyana oil field, enhancing the company's influence in the South American energy market [1] Strategic Partnerships - The partners in this project include leading industry players such as MODEC, ABB, and VWS, indicating strong collaboration within the energy supply chain [1] - This contract marks the second major FPSO contract disclosed by the company in 2025, continuing a nearly two-decade partnership with MODEC [1] Operational Strengths - The company benefits from hardware advantages at its Tianjin Lingang Heavy Industry construction base, including production sites and deep-water docks [1] - Integrated management of design, procurement, and construction has contributed to the company's efficient execution capabilities [1]