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Offshore Oil Engineering
Offshore Oil Engineering (600583) investor relations material
Offshore Oil Engineering Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary25 Apr, 2026
Executive summary
Revenue for Q1 2026 was RMB 4,994.36 million, down 2.00% year-over-year; net profit attributable to shareholders was RMB 438.41 million, down 18.94% year-over-year.
The company maintained stable domestic oil and gas operations and expanded international and new energy projects, achieving a significant increase in new contract value and a robust order backlog.
Strategic focus on market expansion, resource optimization, and innovation drove resilience despite a decline in work volume.
Financial highlights
Operating income: RMB 4,994.36 million, down 2.00% year-over-year.
Net profit attributable to shareholders: RMB 438.41 million, down 18.94% year-over-year.
Operating cash flow: RMB 508.23 million, down 74.74% year-over-year due to timing differences in project payments.
Total assets at period end: RMB 48,213.96 million, down 1.99% from year-end 2025.
Shareholders’ equity: RMB 29,015.73 million, up 9.17% from year-end 2025.
Outlook and guidance
Order backlog reached approximately RMB 73.8 billion, providing strong support for future growth and the company’s “15th Five-Year Plan” targets.
Continued focus on domestic and international market expansion, new energy, and technological innovation to drive high-quality development.
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Latest events from Offshore Oil Engineering
- Revenue and profit dipped, but overseas growth and major contracts drove robust cash flow.600583
H2 202521 Mar 2026 - Net profit surged 40.80% year-over-year in Q3 2024 on higher revenue and robust project delivery.600583Q3 202422 Dec 2025
- Net profit surged 33.38% to RMB 2.16 billion on resilient revenue and strong project execution.600583H2 202422 Dec 2025
- Revenue and profit declined, but record overseas contracts and new energy wins boost outlook.600583Q3 202525 Oct 2025
- Net profit rose 13.85% despite a 10.15% revenue drop, with strong orders and R&D progress.600583Q1 202510 Sep 2025
- Revenue and profit fell, but strong cash flow and new contracts support future growth.600583H1 202518 Aug 2025
- Net profit surged 22% year-over-year despite a 7% revenue drop, with robust order backlog.600583H1 202413 Jun 2025
Offshore Oil Engineering
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excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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