Core Viewpoint - The company, PetroChina Oilfield Services (600871.SH), has signed a significant contract worth $359 million (approximately 2.553 billion RMB) for the Iraq Ratavi oil field project, which is expected to positively impact its revenue and profit over the next 3-4 years [1][2]. Group 1: Contract Details - The contract signed with TotalEnergies for the Iraq Ratavi project involves new production and injection wells, as well as upgrades to existing wells and pipeline construction, with a project duration of 41 months [2]. - The contract amount is projected to account for 3.15% of the company's revenue in 2024 [1]. Group 2: Financial Performance - In the first half of 2025, the company achieved a total new contract amount of 63.67 billion RMB, marking the best performance for the same period since the 13th Five-Year Plan, with a year-on-year increase of 3.2% [2]. - The company reported a revenue of 37.05 billion RMB in the first half of 2025, reflecting a year-on-year growth of 0.6%, and a net profit of 492 million RMB, which is a 9% increase [5]. Group 3: Business Expansion - The company has been expanding its overseas business, with international operations contributing significantly to its revenue. In the first half of 2025, international business revenue reached 9.28 billion RMB, accounting for 25.3% of total main business revenue [5]. - The company is actively participating in various international projects, including contracts in Saudi Arabia, Kuwait, Ecuador, Algeria, Uganda, and Mexico, showcasing its growing global footprint [5]. Group 4: Historical Performance - From 2021 to 2024, the company has consistently achieved revenue and net profit growth, with revenues of 69.53 billion RMB, 73.77 billion RMB, 79.98 billion RMB, and 81.1 billion RMB, and corresponding net profits of 180 million RMB, 476 million RMB, 589 million RMB, and 632 million RMB [4]. - The company’s contract liabilities reached 5.649 billion RMB by the end of June 2025, an increase of 1.562 billion RMB, or 38.22%, compared to the same period last year [3].

Group 1 - The core story revolves around the change of control at Beiken Energy, with Chairman Chen Dong becoming the actual controller after acquiring shares from the previous controller, Chen Pinggui [1][2]. - On May 7, Beiken Energy signed an agreement with Chen Dong to issue up to 54 million shares at a price of 6.59 yuan per share, resulting in Chen Dong holding 21.18% of the company post-issuance [2][3]. - The issuance price represents a 76% discount compared to the closing price of 8.68 yuan on May 9, with total funds raised not exceeding 355.86 million yuan, aimed at enhancing liquidity and repaying debts [2][3]. Group 2 - Chen Dong, born in 1983, has a strong background, having previously worked in human resources at the Postal Group and as a managing director in investment before joining Beiken Energy [5]. - Despite holding a minor stake of 0.22% through an employee stock ownership plan, Chen Dong's shares were reduced to 0 before the current issuance, indicating his primary income was from salary [5]. - Chen Dong's annual salary has varied over the years, with figures of 650,000 yuan in 2021, 757,100 yuan in 2022, 728,300 yuan in 2023, and 1,128,900 yuan in 2024 [5]. Group 3 - Beiken Energy's financial performance has been inconsistent, with revenues of 1.143 billion yuan in 2021, dropping to 669 million yuan in 2022, and recovering slightly to 981 million yuan in 2023, but projected to decline again to 951 million yuan in 2024 [8]. - The company heavily relies on major clients, with the top five clients accounting for 84.82% of total sales, and China National Petroleum Corporation being the largest client at 52.53% [8]. - The oil service industry faces challenges due to upstream oil companies adopting low-cost strategies and increased competition, impacting the business volume and profit margins of private oil service firms like Beiken Energy [9].

As filed with the Securities and Exchange Commission on October 28, 2024. (Translation of Registrant's name into English) Cayman Islands 3533 Not Applicable (State or other jurisdiction of incorporation or organization) Registration No. 333-282433 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 (Amendment No. 1) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Leishen Energy Holding Co., Ltd. (Exact name of registrant as specified in its charter) Not Applicable (Prima ...