Core Viewpoint - The company demonstrated strong resilience against fluctuating international oil prices, achieving steady growth in its operations and maintaining high-quality development across its three main sectors: energy technology services, low-carbon environmental protection and digitalization, and energy logistics services [1] Financial Performance - For the first three quarters of 2025, the company reported a revenue of 33.947 billion yuan and a net profit attributable to shareholders of 2.853 billion yuan, representing a year-on-year increase of 6.11% [1] - The company's net profit excluding non-recurring items was 2.860 billion yuan, showing a year-on-year growth of 14.54% [1] - Research and development expenses for the first three quarters amounted to 707 million yuan, reflecting a year-on-year increase of 9.08% [1] Technological Advancements - The company has made significant progress in product innovation, with the launch of an integrated drilling and completion design platform that improved data analysis efficiency by 64 times [2] - The "Hailong" permanent magnet electric pump was used in over 230 well entries in the first half of the year, achieving an average energy-saving rate of 24.6% [1] - The self-sufficiency rate of chemical agent formulations for gathering and transportation increased to 89% [1] - The company successfully applied a comprehensive information monitoring system using external optical fibers for casing, marking a new stage in intelligent monitoring technology for offshore wells [2] Investment and Expansion - The company is increasing investments in key areas, including the establishment of smart manufacturing bases and high-end oil and gas equipment [3] - The second phase of the manufacturing processing base for the Zhuhai pipeline company has commenced, aiming to become a leading intelligent underwater pipeline coating production base in China [3] - The company is accelerating the construction of LNG projects to strengthen its leading position in LNG refueling and transportation, with the largest LNG transport vessel construction project in China officially starting [3] Industry Outlook - According to research from Changjiang Securities, the recovery of oil prices is driving the oil service industry into a recovery cycle, benefiting oil and gas service and equipment suppliers [4] - As the largest offshore oil service company in China, the company's competitive advantages are expected to continue to manifest [4] - The acceleration of deepwater oil and gas field development and the scaling of low-carbon digital businesses are anticipated to provide ongoing benefits [4]