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CNOOC ENERGY TECHNOLOGY SERVICES (600968) investor relations material
CNOOC ENERGY TECHNOLOGY SERVICES Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit attributable to shareholders rose 7.31% year-over-year to ¥637.43 million in Q1 2026.
Total revenue decreased by 3.24% year-over-year to ¥9.75 billion.
Operating cash flow turned negative at -¥1.63 billion, down sharply from -¥184 million a year ago.
Financial highlights
Total profit increased 5.31% year-over-year to ¥858.17 million.
Basic and diluted EPS both rose 7.31% to ¥0.0627.
Net assets attributable to shareholders grew 1.99% to ¥30.16 billion.
Total assets declined 4.78% to ¥48.72 billion compared to year-end 2025.
Non-recurring gains included government subsidies and fair value changes totaling ¥25.3 million, offset by ¥20.3 million in donations.
Outlook and guidance
Management highlighted a significant decrease in operating cash flow due to lower cash inflows and higher outflows.
- Net profit grew 6.24% to RMB 3.88 billion despite a 4.10% revenue drop, with higher margins.600968
Q4 202525 Mar 2026 - Net profit surged 18.66% on higher revenue and improved margins, with robust dividend payout.600968
Q4 202419 Dec 2025 - Q3 revenue fell 5.75% year-over-year, but net profit for the year rose 6.11%.600968
Q3 202522 Oct 2025 - Net profit rose 13.15% on 4.46% revenue growth, driven by all core business segments.600968
Q2 202520 Aug 2025 - Net profit surged 18.48% year-over-year, with strong cash flow improvement and higher ROE.600968
Q1 202516 Jun 2025 - Q3 net profit jumped 32.62% on higher output and cost control, with robust liquidity.600968
Q3 202413 Jun 2025 - Net profit surged 20.90% on 4.69% revenue growth, led by energy tech and cost control.600968
Q2 202413 Jun 2025
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