Core Viewpoint - The company, Huibo Po (002554), has been awarded a contract worth $225 million (approximately 1.596 billion RMB) for the Naft Khana oilfield rehabilitation project in Iraq, which is expected to significantly impact its revenue and market position in the Middle East [2][3]. Group 1: Contract Details - The contract awarded to the company includes engineering, procurement, operation, and maintenance (EPCOM) services [2]. - The contract is expected to be temporarily accepted within 18 months from the effective date, followed by 36 months of operation and maintenance services [2]. - The company has no prior significant business dealings with NK Petroleum Company, the operator of the oilfield [2]. Group 2: Financial Impact - The contract amount represents 61.20% of the company's audited revenue for the fiscal year 2024, indicating a substantial contribution to future earnings [3]. - The company reported a revenue of 1.608 billion RMB for the first three quarters of 2025, a slight decrease of 0.17% year-on-year, while net profit attributable to shareholders increased by 113.73% [4]. - The third quarter revenue was 729 million RMB, showing a significant year-on-year growth of 115.50% [4]. Group 3: Market Position and Strategy - The contract win is expected to strengthen the company's market position in the Middle East and enhance its competitiveness and market share [3]. - The company aims to focus on high-value projects and expand its presence in overseas markets, despite facing challenges such as increased market entry barriers and intense competition [4].

Core Viewpoint - 惠博普 has been awarded a contract worth $225 million for the Naft Khana oilfield revival project in Iraq, which is expected to significantly impact its revenue and market position in the Middle East [1][2] Group 1: Contract Details - The contract awarded by NK Petroleum Company includes engineering, procurement, operation, and maintenance (EPCOM) services [1] - The contract amount is approximately 1.596 billion RMB, which represents 61.20% of the company's audited revenue for 2024 [2] - The project is expected to achieve temporary acceptance of EPC engineering within 18 months and provide operation and maintenance services for 36 months thereafter [1] Group 2: Company Performance - For the first three quarters of 2025, 惠博普 reported revenue of 1.608 billion RMB, a slight decrease of 0.17% year-on-year, while net profit attributable to shareholders increased by 113.73% to 10.53 million RMB [3] - The third quarter saw a revenue increase of 115.50% year-on-year, although the net profit was negative at -33.86 million RMB [3] - The company aims to focus on high-value projects and expand its presence in overseas markets despite facing challenges such as increased market competition and higher entry barriers [3]