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China Oilfield Services
(OTC:2883)
China Oilfield Services (2883) vs. S&P 500 (SPY)
China Oilfield Services Business Overview & Revenue Model
China Oilfield Services Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 48.30B | 44.11B | 35.66B | 29.20B | 28.96B | Gross Profit |
| 7.58B | 7.00B | 4.38B | 4.79B | 6.67B | EBIT |
| 4.84B | 4.26B | 3.00B | 3.88B | 5.71B | EBITDA |
| 10.56B | 9.75B | 7.92B | 5.91B | 8.45B | Net Income Common Stockholders |
| 3.14B | 3.01B | 2.36B | 313.18M | 2.70B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 11.47B | 12.72B | 9.23B | 10.82B | 12.13B | Total Assets |
| 82.95B | 83.25B | 77.18B | 73.31B | 75.94B | Total Debt |
| 10.09B | 21.62B | 22.22B | 23.44B | 25.81B | Net Debt |
| 4.12B | 15.08B | 18.10B | 18.33B | 19.22B | Total Liabilities |
| 38.52B | 40.99B | 37.29B | 35.10B | 37.25B | Stockholders Equity |
| 43.80B | 41.64B | 39.33B | 38.03B | 38.51B |
| Cash Flow | Free Cash Flow | |||
| 4.99B | 3.62B | 2.76B | 3.67B | 3.36B | Operating Cash Flow |
| 11.02B | 13.10B | 6.90B | 7.42B | 7.55B | Investing Cash Flow |
| -5.08B | -7.46B | -3.73B | -4.73B | -3.34B | Financing Cash Flow |
| -6.46B | -3.28B | -4.87B | -4.20B | -727.05M |
China Oilfield Services Technical Analysis
China Oilfield Services Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$10.94B | 5.96 | 11.35% | 1.27% | 30.12% | 139.92% | |
71 Outperform | $125.52B | 16.15 | 6.62% | 4.84% | -16.64% | 1.10% | |
71 Outperform | $53.78B | 8.59 | 7.81% | 3.75% | 7.72% | 2.35% | |
71 Outperform | $778.76B | 9.29 | 12.78% | 8.56% | -7.73% | -6.97% | |
59 Neutral | HK$49.90B | 12.10 | 9.94% | 5.76% | 1.39% | -21.74% | |
56 Neutral | $6.93B | 3.23 | -4.86% | 5.94% | 0.12% | -48.32% |
China Oilfield Services Earnings Call Summary
China Oilfield Services Corporate Events
China Oilfield Services Limited has announced its Annual General Meeting (AGM) scheduled for May 22, 2025, where key resolutions will be considered. These include approving financial statements, profit distribution, re-appointment of directors, and extending US Dollar loans. The meeting will also address the issuance of overseas-listed shares, which could impact the company’s capital structure and market positioning.
China Oilfield Services Limited has announced a class meeting for H shareholders to consider a special resolution granting the company’s Board a general mandate to buy back up to 10% of its domestic and overseas-listed foreign invested shares. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic approach to adapt to market conditions and regulatory requirements.
China Oilfield Services Limited announced an update to its final cash dividend for the year ended December 31, 2024, declaring a dividend of RMB 0.2306 per share. The announcement includes key dates for shareholders, such as the ex-dividend date on June 9, 2025, and the payment date on June 30, 2025. This update reflects the company’s commitment to returning value to its shareholders, potentially strengthening its market position and investor confidence.
China Oilfield Services Limited announced its first quarterly results for 2025, reporting a 6.4% increase in revenue to 10,797.5 million Yuan compared to the same period last year. The company also saw a significant rise in net profit attributable to shareholders by 39.6%, reaching 887.2 million Yuan, despite a negative net cash flow from operating activities.
China Oilfield Services Limited announced it will release its 2025 first quarterly results on April 23, 2025, via the Hong Kong Stock Exchange website. The company will hold a results presentation through a telephone conference on the same day to discuss its operating position and address investor concerns, highlighting its commitment to transparency and stakeholder engagement.
China Oilfield Services Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC), plans to increase its shareholdings in the company by purchasing additional A shares and H shares over the next 12 months. This Shareholding Increase Plan, valued between RMB300 million and RMB500 million, will be executed through centralized price bidding and trading systems in Shanghai and Hong Kong. The move reflects CNOOC’s confidence in the company’s future prospects and aims to strengthen its market position. However, the plan’s implementation is subject to market conditions and regulatory requirements, with potential risks of partial or non-implementation.
China Oilfield Services Limited has announced a board meeting scheduled for April 23, 2025, to consider and potentially approve the company’s first quarterly results for the period ending March 31, 2025. This announcement indicates the company’s ongoing commitment to transparency and timely financial reporting, which is crucial for maintaining investor confidence and strategic positioning in the competitive oilfield services industry.
China Oilfield Services reported its annual financial results for the year ended December 31, 2024, showing a revenue of RMB48,218.1 million and a profit for the year of RMB3,399.1 million. The company’s strong financial performance, with an increase in both revenue and profit compared to the previous year, highlights its solid position in the oilfield services industry. This growth is indicative of the company’s effective operational strategies and market positioning, which could have positive implications for stakeholders.
China Oilfield Services Limited (COSL) has announced the proposed re-appointment of two independent non-executive directors, Mr. Kwok Lam Kwong, Larry and Mr. Yao Xin, whose terms are set to expire in 2025. The re-appointments are subject to shareholder approval at the 2024 annual general meeting. If approved, both directors will serve another three-year term, continuing their roles in various committees, which is expected to provide stability and continuity in the company’s governance structure.
China Oilfield Services Limited announced a final cash dividend of RMB 0.2306 per share for the financial year ending December 31, 2024. The payment date is set for June 30, 2025, with further details on currency exchange rates and shareholder approval to be announced. This dividend announcement reflects the company’s financial performance and commitment to returning value to its shareholders, potentially impacting investor confidence and market positioning.
China Oilfield Services Limited announced plans to release its 2024 annual results on March 25, 2025, with a results presentation scheduled for March 26, 2025. The presentation aims to provide investors with a comprehensive understanding of the company’s annual performance and operational status, featuring participation from key executives. This initiative reflects the company’s commitment to transparency and investor engagement, potentially impacting stakeholder confidence and market positioning.