Core Insights - The company is implementing a lean management approach to optimize energy usage and reduce costs through the use of time-of-use electricity pricing [1][2] - The successful application of this model in the Wema project has led to significant cost savings and operational efficiencies [2] Group 1: Energy Management Strategy - The company identified that electricity costs are closely linked to equipment operating hours and implemented a "three early" strategy to align production schedules with lower electricity rates [1] - High-energy-consuming equipment is operated during off-peak hours, while low-energy tasks are scheduled during peak times to minimize costs [1] Group 2: Operational Efficiency - The implementation of a "time-based operation schedule" ensures that equipment usage aligns with electricity price fluctuations, enhancing resource allocation [2] - Training programs for personnel have been enhanced to ensure flexibility in workforce deployment, maximizing productivity during off-peak hours [2] Group 3: Economic Impact - The application of the time-of-use electricity model has resulted in a 12% increase in workload for the company’s fifth team, while the usage of key equipment during peak hours decreased by 40% [2] - The company saved 10,000 yuan in electricity costs in July compared to the previous year, demonstrating the effectiveness of the lean management approach [2]

近日，胜利石油工程公司管具技术服务中心顺利完成固定式危废间视频监控和在线称重系统与山东 省"无废山东"智慧管理平台的全面联网，标志着危险废物"五即"管理模式(即产生、即包装、即称重、 即打码、即入库)正式落地运行，实现从危废产生到处置的全过程智能化管控。 标准化库房为"五即"管理提供了物理载体和硬件保障，"五即"管理模式则赋予了库房智能化、规范化的 运行内涵。这种软硬件结合的创新实践，确保危险废物在产生后立即进入标准化处置流程，大幅减少了 中间环节滞留时间，显著提升了管理效能和本质安全水平。 该体系的建成投用，是管具技术服务中心深入落实安全生产工作部署的生动实践，"人防+技防"的双重 防控体系，不仅实现了危废从产生到处置的全过程闭环管理，更彰显了标准化建设与先进管理模式相互 促进、协同增效的良好效果。(大众新闻记者顾松通讯员杨冬玲) 为推进"五即"管理需求为导向的危废间标准化建设，该中心通过对定制化加工中心油管厂南侧库房实施 全面改造，完善防渗、通风、消防等基础设施，为"即入库"提供安全存储保障。科学规划的分区隔断工 程，为"即包装"和分类存放提供物理条件。规范设置的标识系统，为"即打码"和流程追溯提供可视化 ...

标准化库房为"五即"管理提供了物理载体和硬件保障，"五即"管理模式则赋予了库房智能化、规范化的 运行内涵。这种软硬件结合的创新实践，确保危险废物在产生后立即进入标准化处置流程，大幅减少了 中间环节滞留时间，显著提升了管理效能和本质安全水平。 本报9月18日讯(大众新闻记者 顾松 通讯员 杨冬玲) 近日，胜利石油工程公司管具技术服务中心顺利完 成固定式危废间视频监控和在线称重系统与山东省"无废山东"智慧管理平台的全面联网，标志着危险废 物"五即"管理模式(即产生、即包装、即称重、即打码、即入库)正式落地运行，实现从危废产生到处置 的全过程智能化管控。 为推进"五即"管理需求为导向的危废间标准化建设，该中心通过对定制化加工中心油管厂南侧库房实施 全面改造，完善防渗、通风、消防等基础设施，为"即入库"提供安全存储保障。科学规划的分区隔断工 程，为"即包装"和分类存放提供物理条件。规范设置的标识系统，为"即打码"和流程追溯提供可视化指 引。建成的智能化视频监控系统与省级平台直联，省级监管部门可实时调取危废作业全过程视频监控影 像，直接掌握危废产生、包装、称重、打码、入库等环节现场情况，为"即称重"和全过程监管提供技术 ...

Core Insights - The company has focused on cost reduction and efficiency improvement, achieving a nearly 12% savings rate in material procurement funds from January to August [1] Group 1: Supply Chain Management - The company implemented a "one main, one auxiliary" supplier selection mechanism, leading to an average price reduction of 11.3% for five major categories of materials [2] - A "five observations" assessment method was adopted to strengthen supplier quality control, resulting in a reduction of regular suppliers from 425 to 323, with a significant increase in the proportion of core suppliers [2] Group 2: Digitalization and Price Control - A digital price management system was established to monitor price anomalies, intercepting 47 instances of abnormal pricing this year, which helped maintain procurement costs within a reasonable range [3] - The company developed a digital comparison platform that allows for real-time monitoring and historical tracking of material prices, enhancing procurement efficiency [3] Group 3: Emergency Supply Management - The company successfully coordinated the emergency delivery of 1,139 tons of potassium chloride to meet urgent drilling needs, demonstrating effective crisis management [4] - A direct supply mechanism was introduced to address grassroots supply challenges, ensuring timely feedback from frontline operations to improve supply quality and efficiency [4]

Group 1 - Zhang Hongshan, former Party Secretary and Executive Director of Sinopec Shengli Oil Engineering Co., is under investigation for serious violations of discipline and law [1] - The investigation is being conducted by the Central Commission for Discipline Inspection and the National Supervisory Commission [1] - Zhang Hongshan has held various positions, including Deputy General Manager of Shengli Oilfield Branch and Vice Mayor of Dongying City, before retiring in December 2020 [4] Group 2 - Sinopec Shengli Oil Engineering Co. was established in 2013 and is a wholly-owned subsidiary of Sinopec Petroleum Engineering Technology Services Co. [4] - The company was formed by integrating and restructuring several subordinate units of Shengli Oilfield, including drilling, logging, and special operations [4] - In March 2021, certain business segments were transferred to Sinopec Jingwei Co. as part of the group's reform initiatives [4]

Core Insights - The Victory Oilfield Ground Engineering Maintenance Center has successfully recycled over 10,000 used parts and repaired 5,425 of them, achieving 107% of its annual recycling target, showcasing advancements in green development and circular economy [1] - In 2023, a remanufacturing demonstration base was established at the Ground Engineering Maintenance Center, which has developed a remanufacturing industry framework focusing on "recovery—remanufacturing—reuse" through collaboration with five development units [1] - The center aims to maximize asset efficiency by implementing a centralized recycling network across 14 development units in the eastern oilfield, establishing 54 standardized recycling stations and creating a catalog of remanufactured components [1] Remanufacturing Process and Quality Control - The Ground Engineering Maintenance Center has implemented strict quality control measures for remanufactured parts, utilizing a "two in, two out, two cards" management method to enhance quality throughout the remanufacturing process [2] - Cross-regional collaboration has been initiated, evaluating the remanufacturing capabilities of three pump repair service departments and successfully conducting eight collaborative projects, resulting in the remanufacturing of 211 various parts [2] - Future plans include optimizing remanufacturing work systems and enhancing capabilities to unlock the full lifecycle value of used components, contributing to the green circular economy of the oilfield [2]

Core Viewpoint - The announcement details a significant equity change for China Petroleum Engineering Co., Ltd. (the "Company") due to a private placement of A-shares, fully subscribed by China National Petroleum Corporation (CNPC), which will increase CNPC's ownership stake in the Company. Group 1: Equity Change Details - Prior to the equity change, CNPC directly held 2,567,826,809 shares, accounting for 45.99% of the total share capital, and indirectly held 1,000,000,000 shares through its subsidiary, totaling 63.90% ownership [2][5] - After the completion of the equity change, CNPC will directly hold 4,242,771,050 shares, representing 58.46% of the total share capital, while the indirect holdings remain unchanged, leading to a total control of 72.23% by CNPC and its subsidiaries [2][5] - The equity change will not result in a change of the controlling shareholder or actual controller of the Company [5][6] Group 2: Conditions and Approvals - The equity change is contingent upon the fulfillment of conditions outlined in a conditional share subscription agreement, requiring approvals from relevant state-owned asset regulatory authorities, the Company’s shareholders meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [3][6] - The subscription price is set at 3.53 yuan per share, based on the average trading price of the Company’s shares over the twenty trading days prior to the pricing date [4][6]

Core Viewpoint - The announcement confirms that China Petroleum Engineering Group Co., Ltd. will issue A-shares to specific investors without providing financial assistance or compensation to them [1] Group 1 - The company held its ninth board meeting on August 28, 2025, where it approved the issuance of A-shares to specific investors [1] - The company assures that there are no commitments to guarantee returns or provide financial support to the investors participating in the issuance [1] - The announcement emphasizes the absence of any direct or indirect financial assistance or compensation to the investors from the company or related parties [1]

Core Insights - The company reported a revenue of 37.05 billion RMB for the first half of 2025, a year-on-year increase of 0.6% [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, reached 424 million RMB, marking a significant year-on-year growth of 68.8% [1] - The net cash flow from operating activities was 2.15 billion RMB, a substantial improvement from a negative 190 million RMB in the same period last year [1] Financial Performance - The company achieved a record high in new contracts signed, totaling 63.67 billion RMB, which is a 3.2% increase year-on-year [2] - The cash flow from operating activities reached 2.151 billion RMB, the highest level in a decade [2] - The gross margin improved from 8.03% to 8.44%, with all five major segments showing slight increases in gross margin [2] Project and Contract Updates - The company’s engineering construction segment saw the most significant revenue growth, with a year-on-year increase of 19.3% [2] - The company won a major pipeline project worth 3.6 billion RMB in July [2] - The company announced plans to use 1.82 billion RMB from surplus reserves to offset losses, bringing retained earnings to zero, which will enhance investor returns and support future dividends [1][2] Future Outlook - The company has shown consistent net profit growth for three consecutive years, with new contract values and cash flow reaching multi-year highs [3] - The projected earnings per share (EPS) for 2025-2027 are estimated at 0.05, 0.05, and 0.06 RMB respectively, indicating a positive outlook for the company [3]

Group 1 - The State Intellectual Property Office of China has granted a patent for an "Online Calibration Device for Drilling Fluid Instruments" to Sinopec Petroleum Engineering Technology Service Co., Ltd., Sinopec Shengli Petroleum Engineering Co., Ltd., and Shandong Shenggong Testing Technology Co., Ltd. The patent was applied for on October 2021 [1] - Sinopec Petroleum Engineering Technology Service Co., Ltd. was established in 2012, located in Beijing, with a registered capital of 4 billion RMB. The company has participated in 31 bidding projects and holds 5,000 patent records [1] - Sinopec Shengli Petroleum Engineering Co., Ltd. was also established in 2012, located in Dongying, with a registered capital of 700 million RMB. The company has participated in 5,000 bidding projects and holds 2,741 patent records [1] Group 2 - Shandong Shenggong Testing Technology Co., Ltd. was established in 2014, located in Dongying, with a registered capital of 50 million RMB. The company has participated in 51 bidding projects and holds 37 patent records [2]