CNOOC ENERGY TECHNOLOGY SERVICES (600968) Q1 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2026 earnings summary
29 Apr, 2026Executive 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.
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