Investment Rating - The investment rating for the company is "Buy" with a target price indicating a potential return of over 20% within the next six months [6][17]. Core Insights - The company reported a revenue of 22.597 billion yuan for H1 2025, representing a year-on-year growth of 4.46%, and a net profit attributable to shareholders of 1.829 billion yuan, up 13.15% year-on-year [1]. - The energy technology service sector achieved a revenue of 7.993 billion yuan in H1 2025, growing by 2.79% year-on-year, with significant increases in various service areas [2]. - The low-carbon and digitalization sectors generated a revenue of 3.870 billion yuan, reflecting an 11.17% year-on-year growth, with notable advancements in offshore wind power operations and digital services [3]. - The company plans to optimize resource allocation by selling stakes in several subsidiaries and related assets for a total of 370 million yuan [4]. - Profit forecasts for the company are maintained at 4.126 billion yuan, 4.659 billion yuan, and 5.232 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding EPS of 0.41, 0.46, and 0.51 yuan [5]. Financial Data Summary - For 2025, the projected revenue is 55.047 billion yuan, with a growth rate of 4.82% [5]. - The net profit attributable to shareholders is forecasted to be 4.126 billion yuan for 2025, with a growth rate of 12.86% [5]. - The company’s earnings per share (EPS) is expected to be 0.41 yuan in 2025, with a price-to-earnings (P/E) ratio of 9.71 [5]. - The total assets are projected to reach 50.102 billion yuan by 2025, with a debt-to-equity ratio of 39.19% [12].

Group 1 - The core viewpoint of the article emphasizes the integration of oil and gas with new energy as a crucial aspect of the energy revolution under China's dual carbon goals [2][3] - The conference held at Shengli Oilfield gathered over 150 industry experts to share experiences and discuss the latest technologies and practices in the integration of oil and gas with new energy [1] - Key topics discussed included the development of new energy technologies, practical integration of oil and gas with new energy, and carbon asset development [1] Group 2 - Shengli Oilfield aims to build a new energy system characterized by multi-energy complementarity and clean efficiency, focusing on the coordinated development of traditional oil and gas, new energy, and green low-carbon industries [2] - The company is committed to enhancing energy supply and consumption, establishing advantages in green heat development, and transitioning towards a green oilfield model that prioritizes clean energy [2] - The leadership emphasized the importance of maximizing value, optimizing resources, and leveraging intelligent platforms to drive the integration of oil and gas with new energy [3]