Core Viewpoint - RCON experienced a 5.47% increase in stock price, reaching $2.70 per share, with a total market capitalization of approximately $82.69 million as of August 8 [1] Financial Performance - As of December 31, 2024, RCON reported total revenue of approximately 42.07 million RMB, reflecting a year-on-year decrease of 7.04% [1] - The company recorded a net loss attributable to shareholders of approximately 20.59 million RMB, which represents a year-on-year increase of 8.72% [1] Company Overview - RCON is a leading oilfield services company based in China, primarily engaged in the research, development, and sales of oilfield automation products, enhanced oil recovery measures, and specialized equipment [1] - The company provides products and services to major oil and gas companies in China, aimed at improving the efficiency of oil and gas production and transportation [1] Technological Advancements - RCON's automation systems enable remote monitoring and collection of real-time production data from oilfields, significantly aiding clients in enhancing extraction levels, reducing impurities, and lowering production costs [1]

Core Viewpoint - The company, 百勤油服 (02178), anticipates a significant increase in losses for the first half of 2025, projecting a loss attributable to shareholders of no more than 15 million HKD, compared to an estimated loss of approximately 400,000 HKD in the first half of 2024, marking an increase of no more than 14.6 million HKD [1] Group 1 - The increase in projected losses is primarily attributed to a substantial decrease in revenue from enhanced oil recovery services provided to shale gas fields in Southwest China [1] - A major client has delayed several enhanced oil recovery projects to the second half of 2025 based on its internal extraction plans, contributing to the revenue decline [1] - Additionally, the expiration of a supervisory service contract in the Middle East in the first half of 2024 has resulted in reduced earnings, as there was no income generated from service contracts during the reporting period [1]

Group 1 - The stock price of Antong Oilfield Services (03337) increased by 11.51% on August 7, reaching HKD 1.55 per share with a trading volume of HKD 8.4898 million [1] - Antong Oilfield Services Group is a leading integrated oilfield technology service company, providing comprehensive oil and gas development products and technical services globally [1] - The company operates in over 30 countries and regions, including China, the Middle East, Africa, Central Asia, Southeast Asia, and Latin America, focusing on maximizing the value of oil and gas assets for clients while promoting social progress [1] Group 2 - As of the 2024 annual report, Antong Oilfield Services reported a total operating revenue of RMB 4.754 billion and a net profit of RMB 243 million [2]

Core Viewpoint - The China Securities Index for Hong Kong Stock Connect Energy Composite Index has shown significant growth, with a 7.12% increase over the past month, 17.31% over the past three months, and a 5.25% increase year-to-date [1]. Group 1: Index Performance - The China Securities Index for Hong Kong Stock Connect Energy Composite Index reported a value of 3323.71 points [1]. - The index is based on a sample of all securities classified under the China Securities Industry Classification Standard, reflecting the overall performance of different industry securities within the Hong Kong Stock Connect [1]. Group 2: Index Composition - The top ten weighted stocks in the index include: China Petroleum (14.55%), China Shenhua (14.48%), CNOOC (14.32%), Sinopec (14.25%), China Coal Energy (13.01%), Yancoal Australia (5.42%), China Oilfield Services (3.99%), Shougang Resources (1.89%), and Mongol Mining (1.61%) [1]. - The index is composed entirely of stocks listed on the Hong Kong Stock Exchange [2]. Group 3: Sector Allocation - The sector allocation within the index shows that coal accounts for 43.49%, integrated oil and gas companies for 28.79%, oil refining for 17.04%, oilfield services for 3.99%, coke for 3.50%, oil and gas extraction for 1.80%, and oil and gas circulation and others for 1.39% [2]. - The index samples are adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December [2].

Group 1 - The Shanghai Composite Index rose by 0.96% to close at 3617.6 points, while the Hang Seng Index increased by 0.68% to 24902.53 points [1] - China Oilfield Services Limited (COSL) has an AH premium of 117.32%, ranking 22nd among AH shares [1] - COSL's A-shares closed at 13.87 yuan with a gain of 0.22%, and H-shares closed at 6.97 HKD, up by 0.58% [1] Group 2 - COSL is a major integrated oilfield service provider globally, offering services across all stages of offshore oil and gas exploration, development, and production [1] - The company's services are categorized into four main types: geophysical exploration services, drilling services, oilfield technical services, and marine services [1] - COSL was publicly listed on the Hong Kong Stock Exchange on November 20, 2002, and has been trading in the U.S. OTC market since March 26, 2004, and on the Shanghai Stock Exchange since September 28, 2007 [1]

本文源自：金融界 8月5日，研控科技(RCON)盘中上涨9.43%，截至00:38，报3.075美元/股，成交100.46万美元，总市值 9417.93万美元。 作者：行情君 资料显示，研控科技有限责任公司(纳斯达克交易代码:RCON)是一家领先的中国油田服务公司。公司主 要业务为油田自动化产品、油田增产措施及专用设备的研发和销售。研控科技为中国主要石油天然气公 司提供产品和服务,以帮助他们提高油气生产和运输效率。 研控科技的自动化系统可远程监测和收集油田生产实时数据,这项先进的行业应用可以极大地帮助油田 客户提高开采水平、减少杂质以及降低生产成本。 财务数据显示，截至2024年12月31日，研控科技收入总额4206.93万人民币，同比减少7.04%；归母净利 润-2058.83万人民币，同比增长8.72%。 ...

Core Insights - Ncs Multistage reported a significant turnaround to profitability in Q2 2025, with GAAP revenue of $36.5 million, exceeding analyst estimates by 31.6% [1][2] - The company achieved GAAP earnings per share of $0.34, contrasting with an expected loss of $1.29, indicating strong operational performance despite cost pressures and margin contraction [1][2] Financial Performance - Revenue increased by 23.0% year-over-year, driven by strong activity in Canada and the U.S., with Canadian revenue rising to $17.97 million and U.S. revenue to $13.61 million [5][6] - Adjusted EBITDA more than doubled to $2.2 million, while free cash flow for the first half of 2025 decreased to $1.4 million from $3.7 million in the same period of 2024 [2][7] - Adjusted gross margin fell by 4.0 percentage points to 36%, attributed to a shift towards lower-margin products and increased cost pressures [6][11] Business Overview and Strategy - Ncs Multistage specializes in oil and gas well completions, focusing on pinpoint stimulation technology to enhance hydrocarbon extraction efficiency [3][4] - The company aims to expand the adoption of its pinpoint stimulation technology and introduce new products like sliding sleeves and tracer diagnostics [4][8] Market Dynamics - Canadian revenue surged by approximately 49%, while U.S. revenue grew by about 15.5%, despite a decline in the overall Canadian rig count [5] - International revenue decreased by 16.6%, primarily due to a slowdown in tracer diagnostics work in the Middle East [5] Innovation and Acquisitions - The company acquired ResMetrics for $5.9 million, which generated over $10 million in revenue and has EBITDA margins above 30%, enhancing Ncs's tracer diagnostics capabilities [10] - Ongoing innovation includes the commercialization of new products and expansion of field trials for advanced tracer diagnostics systems [9][10] Future Outlook - Management did not provide updated guidance for Q3 or full fiscal year 2025, maintaining a cautious tone due to deteriorating market conditions and potential risks affecting customer activity [12][13] - Investors are expected to monitor the adoption of new technologies and the impact of cost pressures on future performance [13]

研控科技的自动化系统可远程监测和收集油田生产实时数据,这项先进的行业应用可以极大地帮助油田 客户提高开采水平、减少杂质以及降低生产成本。 本文源自：金融界 7月31日，研控科技(RCON)开盘上涨20.35%，截至21:30，报2.72美元/股，成交1956.5万美元，总市值 8330.66万美元。 财务数据显示，截至2024年12月31日，研控科技收入总额4206.93万人民币，同比减少7.04%；归母净利 润-2058.83万人民币，同比增长8.72%。 资料显示，研控科技有限责任公司(纳斯达克交易代码:RCON)是一家领先的中国油田服务公司。公司主 要业务为油田自动化产品、油田增产措施及专用设备的研发和销售。研控科技为中国主要石油天然气公 司提供产品和服务,以帮助他们提高油气生产和运输效率。 作者：行情君 ...

Core Viewpoint - The China Securities Index Hong Kong 300 Energy Index has shown significant growth, with a 11.96% increase over the past month, 19.68% over the past three months, and a 6.93% increase year-to-date [1] Group 1: Index Performance - The China Securities Index Hong Kong 300 Energy Index is currently at 2656.17 points [1] - The index is designed to reflect the overall performance of different industries in the Hong Kong market, based on the China Securities Industry Classification Standards [1] Group 2: Index Composition - The index is composed entirely of securities listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - The sector breakdown of the index includes: - Oil refining: 41.59% - Integrated oil and gas companies: 33.45% - Coal: 22.70% - Oilfield services: 1.55% - Coking: 0.72% [1] Group 3: Sample Adjustment - The index samples are adjusted biannually, specifically on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to significant events affecting sample companies [2]

Core Viewpoint - The China Securities Index Hong Kong 300 Energy Index has shown significant growth, with a 8.00% increase over the past month, 15.98% over the past three months, and a 3.91% increase year-to-date [1]. Group 1: Index Performance - The China Securities Index Hong Kong 300 Energy Index is currently at 2581.38 points [1]. - The index reflects the overall performance of different industries in the Hong Kong market, categorized according to the China Securities Industry Classification Standard [1]. Group 2: Index Composition - The index is composed entirely of securities listed on the Hong Kong Stock Exchange, with a 100.00% allocation [1]. - The sector breakdown of the index includes: - Oil refining at 41.93% - Integrated oil and gas companies at 32.52% - Coal at 23.28% - Oilfield services at 1.56% - Coking at 0.72% [1]. Group 3: Sample Adjustment - The index samples are adjusted biannually, specifically on the next trading day after the second Friday of June and December [2]. - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the underlying index [2].