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Sinopec Oilfield Service
(OTC:1033)
Sinopec Oilfield Service (1033) vs. iShares MSCI Hong Kong ETF (EWH)
Sinopec Oilfield Service Business Overview & Revenue Model
Sinopec Oilfield Service Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 80.41B | 81.10B | 79.98B | 73.77B | 69.53B | 68.07B | Gross Profit |
| 6.31B | 6.33B | 5.79B | 5.77B | 5.01B | 5.47B | EBIT |
| 1.08B | 1.04B | 899.97M | 1.43B | 1.15B | 1.30B | EBITDA |
| 1.89B | 5.72B | 5.52B | 5.17B | 4.75B | 4.79B | Net Income Common Stockholders |
| 672.49M | 631.61M | 589.22M | 475.90M | 179.79M | 78.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.85B | 3.65B | 2.82B | 1.84B | 2.51B | 1.55B | Total Assets |
| 74.64B | 77.34B | 75.16B | 71.20B | 64.05B | 61.09B | Total Debt |
| 21.48B | 23.17B | 20.54B | 20.42B | 19.76B | 21.21B | Net Debt |
| 19.63B | 19.53B | 17.73B | 18.58B | 17.25B | 19.65B | Total Liabilities |
| 66.25B | 68.69B | 67.14B | 63.77B | 57.19B | 54.37B | Stockholders Equity |
| 8.39B | 8.65B | 8.02B | 7.43B | 6.86B | 6.72B |
| Cash Flow | Free Cash Flow | ||||
| 3.21B | -580.52M | 1.42B | 304.87M | 2.87B | 2.73B | Operating Cash Flow |
| 575.39M | 3.10B | 5.58B | 4.20B | 6.21B | 4.47B | Investing Cash Flow |
| -3.55B | -3.46B | -4.06B | -3.95B | -3.25B | -1.60B | Financing Cash Flow |
| 849.09M | 1.04B | -558.23M | -1.05B | -1.95B | -2.88B |
Sinopec Oilfield Service Technical Analysis
Sinopec Oilfield Service Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $55.57B | 8.98 | 7.81% | 3.62% | 7.72% | 2.35% | |
69 Neutral | $1.36B | 6.53 | 8.83% | 4.69% | -20.69% | -30.40% | |
68 Neutral | $3.76B | 13.82 | 7.26% | 2.52% | 5.43% | 20.64% | |
66 Neutral | $31.57B | 17.80 | 7.73% | ― | -0.40% | 2.61% | |
57 Neutral | $7.22B | 3.16 | -4.49% | 5.63% | 0.82% | -49.15% | |
56 Neutral | HK$96.69M | ― | -9.89% | ― | -6.39% | 75.82% | |
45 Neutral | HK$10.27B | 1,816.33 | -5.55% | 0.59% | -16.30% | -156.80% |
Sinopec Oilfield Service Corporate Events
Sinopec Oilfield Service Corporation announced the successful convening of its 2024 Annual General Meeting and the first A and H Shareholders Class Meetings for 2025. The meetings, held in Beijing, saw no rejections to the proposed resolutions, indicating strong shareholder support. The company also highlighted that a significant number of shares were represented at the meetings, reflecting robust engagement from both A and H shareholders. This outcome underscores Sinopec’s stable shareholder relations and potentially strengthens its position in the oilfield services industry.
The most recent analyst rating on (HK:1033) stock is a Buy with a HK$0.92 price target. To see the full list of analyst forecasts on Sinopec Oilfield Service stock, see the HK:1033 Stock Forecast page.
Sinopec Oilfield Service Corporation reported its unaudited first quarter results for 2025, showing a decrease in operating income by 3.7% compared to the previous year, but a significant increase in net profit attributable to equity shareholders by 23%. The company also reported a notable improvement in net cash inflow from operating activities, reversing from an outflow in the same period last year, indicating stronger operational efficiency and financial health.
Sinopec Oilfield Service Corporation has announced the first H Shareholders Class Meeting for 2025, scheduled to be held on June 6, 2025, in Beijing. The meeting aims to consider and approve a special resolution authorizing the Board to repurchase domestic and overseas-listed foreign shares of the company, which could impact shareholder value and market perception.
Sinopec Oilfield Service Corporation has announced its 2024 Annual General Meeting (AGM) to be held on June 6, 2025, in Beijing. The meeting will address several resolutions, including the approval of the 2024 financial reports, profit distribution plan, and re-appointment of the external auditor. Special resolutions will also be considered, such as authorizing the issuance of debt financing instruments and share repurchase. These resolutions are deemed beneficial for the company and its shareholders, reflecting Sinopec’s strategic focus on financial stability and operational efficiency.
Sinopec Oilfield Service Corporation has announced a board meeting scheduled for April 24, 2025, to review and approve the company’s unaudited results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
Sinopec Oilfield Service Corporation has announced the continuation of its related transactions with PipeChina for 2025, with an expected annual cap of RMB6.5 billion. This decision follows a significant increase in new contracts in 2024, indicating robust growth and collaboration between the two companies. The transactions are part of normal business operations and are conducted based on fairness and competitive pricing, ensuring no adverse impact on the company’s independence or interests of minority shareholders.
Sinopec Oilfield Service Corporation announced a provision for impairment of long-term equity investments due to losses recorded by its joint venture, Mexico DS Company, in 2024. The impairment, amounting to RMB274 million, reflects a prudent assessment of the joint venture’s financial condition following operational challenges and reduced capital recovery. This provision will decrease the company’s total profit and net profit attributable to shareholders by RMB274 million, aligning with accounting standards and internal controls to present a fair view of the company’s assets.
Sinopec Oilfield Service Corporation has announced the provision of guarantees for its wholly-owned subsidiaries and a joint venture, Mexico DS Company, to support international market expansion and operational activities. The guarantees, approved by the company’s board and shareholders, aim to facilitate tender bidding and contract performance, with a maximum liability of RMB28.5 billion for credit guarantees and RMB23 billion for performance guarantees for subsidiaries, and US$275 million for the joint venture.
Sinopec Oilfield Service Corporation has announced its audited annual results for the year ending December 31, 2024. The announcement assures stakeholders of the authenticity and accuracy of the information, emphasizing the company’s commitment to transparency. The release of these results is crucial for investors and stakeholders to assess the company’s performance and strategic positioning in the oilfield services industry.