Core Viewpoint - The company has achieved significant growth in performance, with a notable increase in net profit margin [4] Group 1: Financial Performance - In H1 2025, the company's revenue reached 2.63 billion RMB, representing a year-on-year growth of 20.9% [4] - The net profit attributable to shareholders was 170 million RMB, showing a year-on-year increase of 55.9% [4] - The comprehensive gross margin was 28.7%, a decrease of 1.5 percentage points year-on-year, while the comprehensive net margin was 6.3%, an increase of 1.2 percentage points year-on-year [4] Group 2: Business Growth - All business segments showed steady growth, with revenues from oilfield technology services, oilfield management services, testing services, and drilling rig services reaching 1.21 billion, 1.00 billion, 200 million, and 220 million RMB respectively, with year-on-year growth rates of 22.9%, 11.2%, 21.7%, and 74.2% [5] - The company is developing new business models, having secured a 25-year development right for the Dhufriyah oilfield in Iraq, marking its entry into a new era of oil and gas field development [5] - The company has also initiated a natural gas utilization business, successfully starting the first onshore natural gas commercialization project in Malaysia [5] Group 3: Market Performance - In H1 2025, revenues from the Chinese market, Iraqi market, and other overseas markets were 950 million, 1.45 billion, and 230 million RMB respectively, with year-on-year changes of +43.0%, +16.6%, and -13.9% [6] - The company has made significant progress in the Tarim oilfield, assisting clients in completing the first 10,000-meter deep well's fracture dynamic visualization monitoring [6] - New orders signed in the Chinese market totaled 1.63 billion RMB, remaining stable year-on-year, while new orders in Iraq were 2.51 billion RMB, a decrease of 11.4% [6] - New orders in other overseas markets reached 610 million RMB, a year-on-year increase of 54.5%, providing strong support for the company's overall order formation [6]

2025H1公司中国市场、伊拉克市场、其他海外市场收入分别为9.5/14.5/2.3亿元人民币，同比 +43.0%/+16.6%/-13.9%。中国市场方面，公司于塔里木油田助力客户完成首口万米深井的裂缝动态可视 化监测;在深层页岩气开发、致密气开发领域多次取得突破性进展。伊拉克市场方面，公司核心业务稳 步推进，大型一体化油田管理项目完成续签，同时在油田管理、数智技术、钻井、增产及完井技术服务 等领域持续斩获优质订单。2025H1公司中国市场新签订单16.3亿元人民币，同比基本持平;伊拉克新签 订单25.1亿元人民币，同比下降11.4%;其他海外市场新签订单6.1亿元，同比增长54.5%，其他海外市场 订单大幅增长有望对公司整体订单形成有力支撑。 光大证券发布研报称，维持安东油田服务(03337)"买入"评级，业绩符合预期，基本维持公司25-27年归 母净利润预测3.7/4.6/5.6亿元人民币，对应EPS分别为0.12/0.16/0.19元人民币;油服市场需求持续复苏， 公司新业务模式有望打开新成长空间。公司2025H1收入26.3亿元人民币，同比增长20.9%;归母净利润 1.7亿元人民币，同比增长55. ...

报告中称，公司各项业务均稳健增长，新业务模式打开成长空间。2025H1公司油田技术服务、油田管 理服务、检测服务、钻机服务业务收入为12.1/10.0/2.0/2.2亿元人民币，同比增长 22.9%/11.2%/21.7%/74.2%。公司持续打造新兴业务模式，此前已中标伊拉克Dhufriyah油田二十五年开 发权，将以独立作业者身份迈入油气田开发新纪元，目前该项目已顺利召开两次联合管理委员会会议， 就项目推进达成多项重要共识;此外公司大力开发天然气利用业务，2025H1公司中标的马来西亚砂拉越 州油气处理设施投建运维项目成功开启马来西亚沙捞越市场首个陆上天然气商业化项目，成为公司深耕 马来西亚市场的支点。 2025H1公司中国市场、伊拉克市场、其他海外市场收入分别为9.5/14.5/2.3亿元人民币，同比 +43.0%/+16.6%/-13.9%。中国市场方面，公司于塔里木油田助力客户完成首口万米深井的裂缝动态可视 化监测;在深层页岩气开发、致密气开发领域多次取得突破性进展。伊拉克市场方面，公司核心业务稳 步推进，大型一体化油田管理项目完成续签，同时在油田管理、数智技术、钻井、增产及完井技术服务 等领域持续 ...