证券代码：600339 证券简称：中油工程 公告编号：临 2025-043 中国石油集团工程股份有限公司 关于向特定对象发行 A 股股票摊薄即期回报的风险提示 与公司采取填补措施及相关主体承诺的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据国务院办公厅下发的《国务院办公厅关于进一步加强资本市场中小投资 者合法权益保护工作的意见》（国办发[2013]110 号）《关于加强监管防范风险 推动资本市场高质量发展的若干意见》（国发[2024]10 号）以及《关于首发及再 融资、重大资产重组摊薄即期回报有关事项的指导意见》（证监会公告[2015]31 号）等要求，为保障中小投资者知情权，维护中小投资者利益，中国石油集团工 程股份有限公司（以下简称"公司"）就本次向特定对象发行 A 股股票（以下简 称"本次发行"或"本次向特定对象发行"）摊薄即期回报对公司主要财务指标 的影响进行了认真分析，并制定了具体的摊薄即期回报的填补措施，相关主体对 公司填补回报措施能够得到切实履行作出了承诺。 （二）本次发行对公司主要财务指标的影响 基 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [4][6]. Core Views - The company has secured a total contract project worth $2.524 billion in Iraq, marking a significant breakthrough in overseas market expansion [1][2]. - The new contract is expected to enhance the company's position in the Middle East oil and gas transportation engineering market, reflecting recognition of its project management capabilities [2][3]. - The company achieved a record high in new contract value in 2024, amounting to 125.076 billion yuan, with a year-on-year growth of 14.39% [3]. - The domestic and overseas markets are experiencing high demand, and the company is well-positioned to benefit from this trend [3]. Summary by Sections Project Award - The company’s subsidiary has been awarded a contract for the construction of seawater transportation pipelines in Iraq, with a total value of $2.524 billion, which includes a 54-month contract period [1][2]. Contract Growth - In 2024, the company signed new contracts worth 125.076 billion yuan, with domestic contracts at 88 billion yuan and overseas contracts at 37.1 billion yuan, showing growth rates of 20.8% and 1.7% respectively [3]. Market Outlook - The company is expanding its cooperation with major international and national oil companies, which is expected to accelerate its overseas market development [3]. - The domestic market is set to benefit from China's long-term oil and gas production plans, while the overseas market remains robust due to increased capital expenditures from oil-producing countries in the Middle East [3]. Profit Forecast and Valuation - The company’s net profit is projected to decline by 14.8% in 2024 and 19.8% in Q1 2025, leading to a downward adjustment in profit forecasts for 2025-2026 [4]. - The estimated net profits for 2025-2027 are 738 million yuan, 825 million yuan, and 929 million yuan respectively, with corresponding EPS of 0.13, 0.15, and 0.17 yuan per share [4].

智通财经8月1日电，中油工程(600339.SH)公告称，公司所属全资子公司管道局工程公司收到伊拉克巴 士拉石油公司发来的伊拉克巴士拉省海水输送管道总包项目授标函，授标金额为25.24亿美元（约180.32 亿元人民币）。该项目若正式签约并顺利实施，将有利于公司在伊拉克乃至中东地区油气储运工程业务 市场的进一步巩固和拓展，并对公司未来4-5年的营业收入和利润总额产生一定的积极影响。但目前项 目处于中标待签约阶段，能否签署正式合同尚存在不确定性。 中油工程：子公司收到伊拉克海水管道项目授标函 金额约180.32亿元 ...

Core Viewpoint - The company has signed an EPSCC contract with TotalEnergies for the Atawi Gas Processing Plant project in Iraq, valued at $1.601 billion (approximately 11.538 billion RMB), which is expected to positively impact the company's revenue and profit over the next 4-5 years [1][2]. Group 1: Project Details - The Atawi GPP project involves the construction of a gas processing facility with a capacity of 320 million standard cubic feet per day (MMSCFD) and is scheduled for temporary acceptance within 39 months [2]. - The contract includes a warranty period of 24 months [2]. Group 2: Counterparty Information - TotalEnergies is a global energy company based in Paris, France, involved in the production and sale of various energy products, including oil, biofuels, natural gas, renewable energy, and electricity, operating in over a hundred countries [2]. Group 3: Impact on the Company - Successful implementation of the project will strengthen the company's position in the oil and gas field engineering market in Iraq and the Middle East, contributing positively to revenue and profit over the next 4-5 years [2]. - The project will not affect the company's independence, and its main business will not become dependent on this project [2].

Core Viewpoint - China Petroleum Engineering Corporation (中油工程) is increasingly expanding its international presence, securing significant contracts, particularly with Total Energies, which will enhance its market position in the Middle East and contribute positively to future revenues and profits [2][3][4]. Contract Awards - On June 6, 2024, the company announced it received a contract award for the Atawi Gas Midstream Pipeline EPSCC project from Total Energies, with an estimated contract value of approximately $294 million (about 2.94 billion USD) [2][3]. - On May 15, 2024, the company also received a contract award for the Atawi Gas Processing Plant EPSCC project from Total Energies, with an estimated contract value of $1.601 billion (about 16.01 billion USD) [4]. - The total new contract value for 2024 reached 125.076 billion RMB, a year-on-year increase of 14.39%, marking a historical high [7]. Market Expansion - The company is actively expanding its overseas market presence, with significant contracts awarded in 2024, including a $513 million (about 5.13 billion RMB) LNG pipeline project from ADNOC Gas [5]. - The company has established partnerships with major international oil companies (IOCs) and national oil companies (NOCs), including Total Energies and Abu Dhabi National Oil Company, leading to a new contract value of 32.983 billion RMB in high-end markets, a year-on-year increase of 46.21% [7]. Financial Performance - The company reported revenues of 83.59 billion RMB, 80.343 billion RMB, and 85.917 billion RMB for the years 2022, 2023, and 2024, respectively, maintaining revenues above 80 billion RMB for three consecutive years [6]. - The net profit for 2024 was reported at 6.35 billion RMB, a year-on-year decrease of 14.80%, attributed to intensified market competition and increased costs in overseas projects [6]. Research and Development - In 2024, the company invested 2.686 billion RMB in R&D, resulting in 231 research achievements, including 62 process packages and 173 newly authorized invention patents [8]. - The company successfully completed a major technology project, achieving international advanced levels, and made significant breakthroughs in specialized rubber technology [8]. Future Goals - For 2025, the company aims to achieve new contract values of 130 billion RMB and revenues of 86.5 billion RMB, while ensuring safety and environmental protection standards [8].

Core Viewpoint - China Petroleum Engineering has secured a contract for the construction of a gas processing plant in Iraq, valued at approximately $1.601 billion, which is expected to enhance its market position in the Middle East and positively impact future revenues and profits [1]. Group 1: Project Details - The project involves the construction of a gas processing facility with a daily processing capacity of 320 million standard cubic feet (MMSCFD) [1]. - The contract amount is approximately $1.601 billion, equivalent to about 11.538 billion RMB [1]. Group 2: Strategic Implications - Successful signing and implementation of the project will strengthen the company's presence in Iraq and the broader Middle Eastern onshore oil and gas field engineering market [1]. - The project is anticipated to have a positive impact on the company's operating revenue and total profit over the next 4-5 years [1].