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Offshore Oil Engineering Co (600583) investor relations material
Offshore Oil Engineering Co Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 was RMB 6.34 billion, down 9.34% year-over-year; YTD revenue was RMB 17.66 billion, down 13.54% year-over-year.
Net profit attributable to shareholders for Q3 was RMB 506.6 million, down 7.55% year-over-year; YTD net profit was RMB 1.60 billion, down 8.01%.
Despite revenue decline, gross margin improved and cash flow remained strong; capital structure is stable.
Market development achieved record overseas contract wins, with total new contracts of RMB 37.24 billion YTD, up 124.85% year-over-year.
Financial highlights
Operating cash flow for Q3 was RMB 295.9 million, down 40.66% year-over-year; YTD operating cash flow was RMB 2.53 billion, down 35.88%.
Basic and diluted EPS for Q3 was RMB 0.11, down 8.33% year-over-year; YTD EPS was RMB 0.36, down 7.69%.
Total assets at Q3-end were RMB 47.88 billion, down 0.72% from year-end 2024.
Shareholders’ equity increased 2.74% to RMB 26.99 billion.
Non-recurring gains YTD were RMB 200.6 million, mainly from government subsidies and investment returns.
Outlook and guidance
Order backlog at Q3-end was approximately RMB 59.5 billion, providing strong support for future business.
Overseas business reached a record RMB 29.34 billion in new contracts, with major wins in the Middle East.
New energy business expanded with key LNG and wind power projects.
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