Group 1 - The core point of the article is that Sinopec Oilfield Service Corporation has signed a fixed-price contract worth approximately $359.12 million (around RMB 2.55 billion) with TotalEnergies for the Iraq Ratawi oil field project [1] - The contract includes design, procurement, supply, construction, and trial operation services for the second phase of the Ratawi oil field and pipeline project [1] - As of the report date, Sinopec Oilfield Service's market capitalization is approximately RMB 39.2 billion [1] Group 2 - For the first half of 2025, Sinopec Oilfield Service's revenue composition is as follows: drilling accounts for 51.45%, engineering construction 23.47%, special downhole operations 14.68%, others 10.53%, and logging 8.24% [1]

Core Viewpoint - Sinopec Oilfield Service Corporation (石化油服) reported a stable performance in the first half of 2025, with slight growth in revenue and profit, while the outlook for the oil service industry remains positive due to ongoing demand for oil and gas [1][2]. Company Summary - In the first half of 2025, the company achieved operating revenue of 37.05 billion yuan, a year-on-year increase of 0.6% [1]. - The net profit attributable to shareholders was 4.92 billion yuan, reflecting a year-on-year growth of 9% [1]. - The total new contract value signed in the first half was 63.67 billion yuan, up 3.2% year-on-year [1]. - New contracts from Sinopec Group amounted to 34.37 billion yuan, increasing by 3.0% [1]. - New contracts from domestic external markets were 9.68 billion yuan, showing a significant decline of 42.7% [1]. - New contracts from overseas markets reached 19.62 billion yuan, marking a substantial increase of 71.8% [1]. - The company operates five major business segments: geophysics, drilling engineering, logging, downhole special operations, and engineering construction, covering the entire oil and gas industry chain from exploration to production [1]. Industry Summary - The oil service industry is expected to maintain a high level of prosperity in the second half of 2025 [2]. - Global economic recovery and stable growth in China's economy will support continued demand for oil and gas [2]. - Oil and gas are recognized as strategic energy resources, emphasizing the importance of strategic reserves and emergency support [2]. - Domestic oil companies are expected to continue implementing energy security strategies, maintaining stable capital expenditure for oil and gas exploration and development [2]. - The oil service market is projected to grow steadily due to increased efforts by oil companies to enhance oil and gas reserves and production [2].

Group 1 - The closing price of PetroChina Oilfield Services Co., Ltd. is 2.0 yuan, down 2.44%, with a rolling PE ratio of 56.38 times and a total market value of 37.914 billion yuan [1] - The average PE ratio in the extraction industry is 29.40 times, with a median of 38.33 times, placing PetroChina Oilfield Services at the 16th position in the industry ranking [1] - As of July 31, 2025, the number of shareholders is 119,400, a decrease of 10,800 from the previous count, with an average holding value of 352,800 yuan and an average holding of 27,600 shares per shareholder [1] Group 2 - The main business of PetroChina Oilfield Services includes large-scale integrated oil and gas engineering and technical services, with key products such as geophysical services, drilling, logging, special downhole operations, and engineering construction [1] - In 2024, the company plans to enhance its focus on key core technology breakthroughs and applications, achieving 15 provincial and ministerial scientific and technological awards, filing 1,034 patent applications, including 9 foreign patent applications, and obtaining 779 authorized patents [1] - The latest quarterly report for Q1 2025 shows the company achieved an operating income of 17.850 billion yuan, a year-on-year decrease of 3.69%, and a net profit of 218 million yuan, a year-on-year increase of 23.00%, with a gross sales margin of 8.11% [1]

Group 1 - The core viewpoint of the articles highlights the performance and valuation of PetroChina Oilfield Services Co., Ltd., which has a current stock price of 2.01 yuan, a PE ratio of 56.66, and a total market capitalization of 38.104 billion yuan [1][2] - The company operates in the oil and gas engineering and technical services sector, focusing on geophysical, drilling, logging, and engineering construction services [1] - As of the first quarter of 2025, the company reported a revenue of 17.850 billion yuan, a year-on-year decrease of 3.69%, and a net profit of 218 million yuan, reflecting a year-on-year increase of 23% with a gross profit margin of 8.11% [1] Group 2 - The average PE ratio for the extraction industry is 29.83, with a median of 38.76, positioning PetroChina Oilfield Services at 17th place within the industry [1][2] - The company has made significant advancements in technology, with 15 provincial and ministerial scientific and technological awards, 1,034 patent applications, and 779 authorized patents in 2024 [1] - The company is also involved in establishing national standards and committees related to oil measurement and testing technology [1]

Company Overview - Sinopec Oilfield Service Corporation (SSC) is a major integrated oil and gas engineering and technical service company controlled by China Petroleum & Chemical Corporation, with over 60 years of operational experience [2] - The company was formed through the integration and restructuring of various oilfield enterprises under China Petroleum in 2012, and it is listed on both Shanghai and Hong Kong stock exchanges [2] - SSC operates five main business segments: geophysical services, drilling engineering, logging, downhole special operations, and engineering construction, covering the entire oil and gas industry chain from exploration to abandonment [2] Financial Performance - As of March 31, 2025, SSC reported total revenue of 17.85 billion yuan, a year-on-year decrease of 3.69%, while net profit attributable to shareholders was 218 million yuan, an increase of 23.04% [1] - The company's gross margin stood at 8.11%, with a debt-to-asset ratio of 88.37% [1] Market Position and Valuation - SSC's price-to-earnings (P/E) ratio is 21.33, ranking 22nd in the oil and gas industry, which has an average P/E ratio of -2.81 and a median of 4.06 [1] - Other companies in the industry have significantly lower P/E ratios, such as Zhujiang Steel Pipe at 0.91 and CGII Holdings at 4.06 [1] Recent Stock Performance - As of June 18, the stock price of SSC was 0.86 HKD per share, reflecting a 7.5% increase with a trading volume of 901 million shares and a turnover of 776 million HKD [1] - Over the past month, SSC's stock has increased by 26.98%, and year-to-date, it has risen by 23.08%, outperforming the Hang Seng Index by 19.54% [1]

Core Viewpoint - The company, PetroChina Oilfield Services, is experiencing a decline in stock price and has a high price-to-earnings (PE) ratio compared to its industry peers, indicating potential overvaluation in the current market [1][2]. Company Summary - The closing stock price of PetroChina Oilfield Services is 2.03 yuan, down 2.40%, with a rolling PE ratio of 57.22 times and a total market capitalization of 38.483 billion yuan [1]. - The company ranks 17th in the average PE ratio within the extraction industry, which has an average PE of 29.33 times and a median of 35.85 times [1][2]. - As of May 31, 2025, the number of shareholders is 107,500, a decrease of 2,700 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1]. Business Operations - PetroChina Oilfield Services specializes in large-scale integrated oil and gas engineering and technical services, with key products including geophysical services, drilling, logging, special downhole operations, and engineering construction [1]. - In 2024, the company plans to enhance its focus on key core technology breakthroughs and applications, achieving 15 provincial and ministerial-level scientific and technological awards, filing 1,034 patent applications (including 9 foreign patents), and obtaining 779 authorized patents [1]. - The company has established a key laboratory for logging services and has led the formation of a national technical committee for oil measurement testing [1]. Financial Performance - In the first quarter of 2025, the company reported an operating income of 17.850 billion yuan, a year-on-year decrease of 3.69%, and a net profit of 218 million yuan, reflecting a year-on-year increase of 23.00%, with a sales gross margin of 8.11% [1].

Group 1 - The core viewpoint of the article highlights the performance and valuation of PetroChina Oilfield Services Co., Ltd., with a closing price of 1.87 yuan and a PE ratio of 52.78 times, indicating a significant premium over the industry average [1] - The company operates in the oil and gas engineering and technical services sector, focusing on geophysical, drilling, logging, and engineering construction services [1] - As of April 18, 2025, the number of shareholders is 110,200, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Group 2 - In the latest quarterly report for Q1 2025, the company reported revenue of 17.85 billion yuan, a year-on-year decrease of 3.69%, while net profit was 218 million yuan, reflecting a year-on-year increase of 23% [1] - The company has made significant advancements in technology, with 15 provincial and ministerial scientific and technological awards, 1,034 patent applications, and 779 patents granted [1] - The average PE ratio for the industry is 26.02 times, with a median of 35.21 times, positioning PetroChina Oilfield Services at the 19th rank within the industry [2]

Group 1 - The core viewpoint of the news is that PetroChina's oil service company has a current stock price of 1.88 yuan, with a PE ratio of 53.06, which is the lowest in 25 days, and a total market value of 35.681 billion yuan [1] - The average PE ratio for the extraction industry is 26.32, with a median of 37.64, placing PetroChina's oil service company at the 18th position in the industry ranking [1] - As of the first quarter of 2025, seven institutions hold shares in PetroChina's oil service company, with a total holding of 11,161,101 shares valued at 21.541 billion yuan [1] Group 2 - The main business of PetroChina's oil service company includes large-scale integrated oil and gas engineering and technical services, with key products such as geophysical services, drilling, logging, special downhole operations, and engineering construction [1] - In 2024, the company intensified efforts in key core technology research and application, achieving 15 provincial and ministerial scientific and technological awards, filing 1,034 patent applications, and obtaining 779 authorized patents [1] - The latest financial results for the first quarter of 2025 show that the company achieved an operating income of 17.850 billion yuan, a year-on-year decrease of 3.69%, and a net profit of 218 million yuan, a year-on-year increase of 23.00%, with a gross profit margin of 8.11% [1]

股东方面，截至2025年3月10日，石化油服股东户数107800户，较上次增加400户，户均持股市值35.28 万元，户均持股数量2.76万股。 中石化石油工程技术服务股份有限公司的主营业务是大型综合油气工程与技术服务。公司的主要产品是 地球物理、钻井、测录井、井下特种作业、工程建设。2024年，本公司加大关键核心技术攻关和转化应 用力度，获省部级科学技术奖励15项，申请专利1034件，其中申请涉外专利9件，授权专利779件，制修 订4项国家计量技术规范、7项石油行业标准。中国石化测录井重点实验室挂牌运行，牵头成立全国石油 专用计量测试技术委员会石油钻（录）井分技术委员会。 最新一期业绩显示，2024年年报，公司实现营业收入810.96亿元，同比1.39%；净利润6.32亿元，同比 7.20%，销售毛利率7.81%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)19石化油服60.4060.404.41381.49亿行业平均 31.7132.463.45151.80亿行业中值40.4241.763.4954.59亿1海默科技-224.75163.505.1353.17亿2准油股 份-95.71-81. ...