CNOOC ENERGY TECHNOLOGY SERVICES (600968) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 12.84bn, up 13.12% YoY; net income attributable to shareholders was RMB 1.11bn, up 8.42%.

• For 9M, revenue reached RMB 35.92bn, up 5.81% YoY, and attributable net income was RMB 2.98bn, up 4.38%.

Financial highlights

• 9M operating costs were RMB 30.32bn versus RMB 28.46bn a year earlier; total operating costs were RMB 32.73bn versus RMB 30.60bn.

• 9M operating profit was RMB 3.61bn versus RMB 3.58bn; net profit was RMB 3.05bn versus RMB 2.92bn.

• Adjusted for non-recurring items, attributable net income was RMB 2.81bn for 9M, down 1.65% YoY; Q3 was RMB 1.07bn, up 4.52%.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.2929 for 9M, up 4.38% YoY; Q3 EPS was RMB 0.1091, up 8.42%.

• Weighted average ROE was 9.78% for 9M, up 0.06 percentage points YoY; Q3 ROE was 3.64%, down 0.37 percentage points.

• Total assets were RMB 51.63bn at Sept. 30, up 0.91% from year-end 2025; equity attributable to shareholders was RMB 30.88bn, up 4.42%.