Core Viewpoint - The company anticipates significant fluctuations in international oil prices due to supply-demand dynamics, tariff uncertainties, and geopolitical risks, while the global natural gas industry is experiencing robust growth driven by demand in Asia and the Middle East [1] Group 1: Company Performance - In Q4 2025, the company reported new orders amounting to RMB 20.84 billion, a decrease of 20.0% compared to the same period last year [1] - New orders from the Iraq market totaled approximately RMB 11.67 billion, reflecting a decline of 30.5% year-on-year due to a high base from a large integrated service project won in the previous year [2] - New orders from other overseas markets reached approximately RMB 2.567 billion, showing a significant increase of 525.8% year-on-year [2] - In the Chinese market, new orders amounted to approximately RMB 6.601 billion, down 29.1% compared to the previous year, impacted by delays in client project bidding plans [2] Group 2: Strategic Positioning - The company is upgrading its strategic positioning to become an integrated service provider for oil and gas asset value management, focusing on joint innovation with clients and offering comprehensive solutions [1] - The company aims to continuously develop its global market platform and optimize its partnership innovation management to create a new ecosystem for business [1]

Core Viewpoint - Antonoil Services (03337) announced that in Q4 2025, international oil prices are expected to experience significant volatility due to a more relaxed supply-demand balance, uncertainties regarding tariffs, and geopolitical risks. Meanwhile, the global natural gas industry is thriving, particularly in Asia and the Middle East, driven by demand, with ongoing investments and project developments in the LNG sector [1]. Group 1: Strategic Positioning - The company is upgrading its strategic positioning to become an "integrated service company for oil and gas (energy) asset value management," focusing on joint innovation with clients to provide integrated solutions and continuously develop its global market platform [1]. Group 2: Order Performance - In Q4, the company secured new orders amounting to RMB 2.084 billion, representing a 20.0% decrease compared to the same period last year. Specifically, new orders from the Iraq market were approximately RMB 1.167 billion, down 30.5% year-on-year; new orders from other overseas markets were about RMB 256.7 million, up 525.8%; and new orders from the Chinese market were around RMB 660.1 million, down 29.1% [1]. - In the overseas market, the company won contracts for oilfield operation and maintenance services, energy storage renovation technology services, and fracturing pumping technology services in Iraq, with new orders totaling RMB 1.167 billion. The decline of 30.5% year-on-year is attributed to a high base from last year's large integrated service project order [1]. - In other overseas markets, the company secured multiple large orders, including well services, mud services, and production equipment services, resulting in a year-on-year increase of 525.8% in new orders [1]. - In the Chinese market, the company won contracts for drilling technology services, sand control and water management technology services, and fracturing stimulation technology services. However, the new orders in this market decreased by 29.1% year-on-year due to delays in the bidding plans for some projects by clients [2].