Anton Oilfield Services Group (3337) Q1 2025 earnings summary

Executive summary

• Global oil and gas market volatility persisted, but demand, especially for natural gas in Asia, remained strong.

• Four major efficiency enhancement solutions were launched, supporting business transformation and global expansion.

• High-quality project execution and lean operations were maintained across all regions.

Financial highlights

• New orders in Q1 2025 totaled RMB1,740.9 million, down 22.0% year-over-year.

• Iraq new orders fell 47.4% year-over-year to RMB700.2 million; other overseas markets rose 43.5% to RMB325.2 million; China increased 6.0% to RMB715.5 million.

• Order backlog as of March 31, 2025, was RMB14,831.5 million: Iraq 41.5%, other overseas 9.2%, China 49.2%.

Outlook and guidance

• Q2 2025 expected to see increased market volatility due to global trade, supply-demand shifts, and policy changes.

• Strategic focus on becoming an Oil & Gas E&P Efficiency Solutions Provider and Marginal Oil & Gas Field Development Company.

• Continued global expansion, digital transformation, and innovation-driven growth planned.