Group 1 - The closing price of PetroChina Oilfield Services Co., Ltd. is 2.0 yuan, down 2.44%, with a rolling PE ratio of 56.38 times and a total market value of 37.914 billion yuan [1] - The average PE ratio in the extraction industry is 29.40 times, with a median of 38.33 times, placing PetroChina Oilfield Services at the 16th position in the industry ranking [1] - As of July 31, 2025, the number of shareholders is 119,400, a decrease of 10,800 from the previous count, with an average holding value of 352,800 yuan and an average holding of 27,600 shares per shareholder [1] Group 2 - The main business of PetroChina Oilfield Services includes large-scale integrated oil and gas engineering and technical services, with key products such as geophysical services, drilling, logging, special downhole operations, and engineering construction [1] - In 2024, the company plans to enhance its focus on key core technology breakthroughs and applications, achieving 15 provincial and ministerial scientific and technological awards, filing 1,034 patent applications, including 9 foreign patent applications, and obtaining 779 authorized patents [1] - The latest quarterly report for Q1 2025 shows the company achieved an operating income of 17.850 billion yuan, a year-on-year decrease of 3.69%, and a net profit of 218 million yuan, a year-on-year increase of 23.00%, with a gross sales margin of 8.11% [1]

Core Viewpoint - The company, Sinopec Oilfield Service Corporation, has secured a significant contract worth 3.597 billion yuan for a natural gas pipeline construction project, which represents approximately 4.44% of its projected revenue for 2024 [1][2]. Group 1: Financial Performance - In the first quarter of 2025, the company reported a net profit of 218 million yuan, reflecting a year-on-year increase of 23.0% [2][5]. - The total contract liabilities reached 6.881 billion yuan by the end of the first quarter of 2025, marking a substantial year-on-year growth of 79.06% [3]. - For the year 2024, the company achieved a consolidated revenue of 81.1 billion yuan, a 1.4% increase compared to the previous year, and a net profit of 630 million yuan, up 7.2% [5]. Group 2: Market Position and Strategy - Sinopec Oilfield Service Corporation is recognized as a leading integrated oilfield service provider in China, with over 60 years of operational experience and a strong competitive edge [6][7]. - The company has been focusing on enhancing its core business and expanding its market presence, resulting in a record high of new contracts signed, totaling 34.82 billion yuan in the first quarter of 2025, which is a 2.2% increase year-on-year [2][4]. - The overseas market has shown remarkable growth, with new contracts amounting to 8.92 billion yuan, representing a year-on-year increase of 65.8% [2]. Group 3: Research and Development - The company has consistently increased its R&D investment, with expenditures exceeding 2 billion yuan in both 2023 and 2024, specifically 2.084 billion yuan and 2.247 billion yuan respectively [6][8]. - The R&D expense ratio for 2023 and 2024 was 2.61% and 2.77%, indicating a commitment to innovation and technology development [6][8]. - In 2024, the company received 15 provincial and ministerial-level scientific and technological awards and filed 1,034 patent applications, leading the China Petroleum Group in patent applications [8].