不过，惠博普提示风险称，公司虽已收到《授标函》，但中标项目的正式合同尚未签订；未来合同条款 尚存在一定的不确定性，合同金额、履行期限等合同条款均以最终签署的合同为准，公司将根据合同签 订情况及时履行信息披露义务等。 惠博普是一家国际化的油气资源开发及利用综合解决方案服务商，致力于为全球客户提供高效、清洁的 能源及能源生产方式。公司主营业务包括油气工程及服务（EPCC）、环境工程及服务、油气资源开发 及利用。报告期内公司所从事的主要业务、主要产品及其用途、经营模式、主要的业绩驱动因素等未发 生重大变化。 从经营业绩看，10月24日晚间，惠博普发布三季报称，2025年前三季度，公司实现营收16.08亿元，同 比下降0.17%；归母净利润1052.67万元，同比增长113.73%；第三季度营业收入7.29亿元，同比增长 115.50%；归母净利润为-3386.46万元。 今年9月，惠博普在投资者活动中表示，2025年上半年，公司深耕海外市场，聚焦高价值项目，推进高 潜力项目落地，但由于海外市场项目准入门槛提高、市场竞争白热化，上半年未取得较大规模的新签订 单。下半年，公司将继续推进海外跟踪项目的落地，加强新兴市场开 ...

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]

Group 1 - The global economic growth continues to slow down in the first half of 2025, influenced by geopolitical factors and trade frictions, leading to volatile oil prices and presenting significant challenges for oil and gas service companies [1] - Huibo's revenue for the first half of 2025 reached 879.03 million yuan, with a net profit of 44.39 million yuan, representing a 44.56% increase year-on-year; the non-recurring net profit was 38.20 million yuan, a substantial increase of 89.76% compared to the same period in 2024 [1] - The profit growth is primarily attributed to significant overseas project payments, which allowed for the reversal of bad debt provisions [1] Group 2 - The oil and gas engineering and service business, as the main revenue pillar, faced challenges due to fewer new orders and delays in project approvals, resulting in a revenue of 627.14 million yuan [1] - The environmental engineering and service business achieved a revenue of 30.26 million yuan, reflecting a 37.05% growth year-on-year, indicating successful progress in environmental projects [2] - As 2025 marks the final year of the national oil and gas exploration and development "seven-year action plan," domestic oil and gas companies are expected to increase capital expenditures, providing policy benefits to the oil service industry [2] - The company anticipates accelerated project conversion in regions like Sichuan and Longdong, driven by increased development efforts in shale gas and shale oil [2] - The company plans to continue advancing overseas projects and strengthen development in emerging markets to meet its operational goals for 2025 [2]

Company Overview - Huibo Technology is an international comprehensive solution service provider for oil and gas resource development and utilization, focusing on providing efficient and clean energy solutions to global clients [1] - The main business includes oil and gas engineering and operation services (EPCC), environmental engineering and services, and oil and gas resource development and utilization [1] Business Segments Oil and Gas Engineering and Services - The company provides EPCC contracting services centered on oil and gas field surface engineering, including technology research and development, system design, equipment provision, and engineering technical services [2] - The company has established a complete technology and product system in this field, focusing on energy-efficient and environmentally friendly oil, gas, and water treatment equipment [2] Environmental Engineering and Services - The environmental business covers technology research and development, equipment production, engineering design and contracting, and project financing and operation [4] - The company has expanded into municipal environmental services, focusing on wastewater treatment and air pollution control, which has accelerated its strategic transformation [4] Oil and Gas Resource Development and Utilization - The wholly-owned subsidiary, Beijing Huayou Kesi Energy Management Co., specializes in urban gas and LNG business, managing multiple subsidiaries across various regions [5] Financial Performance - In the reporting period, the company achieved operating revenue of 2.608 billion yuan, a decrease of 26.05% year-on-year, and a net profit attributable to shareholders of -190.98 million yuan, a decline of 281.40% [6] - The oil and gas engineering and services segment accounted for 76.40% of total revenue, generating 1.993 billion yuan, down 31.62% year-on-year due to reduced new orders and project delays [7] - The environmental engineering and services segment saw revenue of 91.30 million yuan, up 22.49% year-on-year, primarily due to stable operations in overseas oilfield environmental projects [8] - The oil and gas resource development and utilization segment generated 524.16 million yuan, a slight decrease of 2.62% year-on-year, mainly due to reduced gas sales from industrial clients [9] Future Outlook - The company anticipates challenges in the international market due to geopolitical conflicts and increased competition, which may impact its operational performance in 2024 [6] - The company plans to focus on carbon capture, utilization, and storage (CCUS) and new energy businesses to align with national carbon reduction goals [2]