Core Viewpoint - The report from Huaxin Securities indicates that CNOOC Development achieved a net profit attributable to shareholders of 1.829 billion yuan in the first half of 2025, representing a year-on-year increase of 13.15% [1] Financial Performance - In Q2, the company realized a net profit attributable to shareholders of 1.235 billion yuan, showing a year-on-year increase of 10.75% and a quarter-on-quarter increase of 107.97% [1] - For the first half of 2025, the company reported operating revenue of 22.597 billion yuan, which is a year-on-year growth of 4.46% [1] Business Strategy - The company is actively focusing on deep-sea technology and has seen stable growth in its three main business areas [1] - CNOOC Development is concentrating its resources on three major industries: energy technology services, low-carbon environmental protection and digitalization, and energy logistics services [1] Technological Advancements - The company is accelerating the high-end, intelligent, and green transformation of traditional industries [1] - CNOOC Development has launched ten digital management modules, including production management, carbon management, and safety management, and is vigorously promoting the construction of smart factories, with three new factories currently in trial operation [1] Future Outlook - Given the deepening of the company's technical services and the multi-industry development, there is potential for performance growth, leading to a slight upward adjustment in profit forecasts while maintaining a "buy" investment rating [1]

Group 1 - The company reported a revenue of 22.597 billion yuan for the first half of 2025, representing a year-on-year growth of 4.46% [1] - The net profit attributable to shareholders reached 1.829 billion yuan, with a year-on-year increase of 13.15% [1] - The company focused on three main industries: energy technology services, low-carbon environmental protection and digitalization, and energy logistics services [1] Group 2 - The energy technology services sector generated a revenue of 7.993 billion yuan, growing by 2.79% year-on-year [1] - The low-carbon environmental protection and digitalization sector achieved a revenue of 3.870 billion yuan, with an increase of 11.17% [1] - The energy logistics services sector reported a revenue of 11.640 billion yuan, reflecting a year-on-year growth of 5.13% [1] Group 3 - The company is accelerating the transformation and upgrading of traditional industries towards high-end, intelligent, and green development [1] - It launched ten digital module products related to production management, carbon management, and safety management during the reporting period [1] - The company has initiated the construction of smart factories, with three new factories entering the trial operation phase [1] Group 4 - The company is fostering the development of strategic emerging industries and future industries, optimizing its strategic emerging industry directory [2] - It is deepening its layout in six major fields with 137 products and services [2] - The oil service industry is evolving to integrate traditional energy and new energy, focusing on smart, green, and innovative development [2]