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China Oilfield Services
(2883)
China Oilfield Services (2883) vs. iShares MSCI Hong Kong ETF (EWH)
China Oilfield Services Business Overview & Revenue Model
China Oilfield Services Earnings Call Summary
China Oilfield Services Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.09B | 48.30B | 44.11B | 35.66B | 29.20B | 28.96B |
| Gross Profit | 7.88B | 7.58B | 7.00B | 4.38B | 4.79B | 6.67B |
| EBITDA | 5.50B | 10.56B | 9.75B | 7.92B | 5.91B | 8.45B |
| Net Income | 3.51B | 3.14B | 3.01B | 2.36B | 313.18M | 2.70B |
Balance Sheet | ||||||
| Total Assets | 83.97B | 82.95B | 83.25B | 77.18B | 73.31B | 75.94B |
| Cash, Cash Equivalents and Short-Term Investments | 7.22B | 11.47B | 12.72B | 9.23B | 10.82B | 12.13B |
| Total Debt | 11.33B | 10.56B | 21.62B | 22.22B | 23.44B | 25.81B |
| Total Liabilities | 38.55B | 38.52B | 40.99B | 37.29B | 35.10B | 37.25B |
| Stockholders Equity | 44.70B | 43.80B | 41.64B | 39.33B | 38.03B | 38.51B |
Cash Flow | ||||||
| Free Cash Flow | -641.33M | 4.99B | 3.62B | 2.76B | 3.67B | 3.36B |
| Operating Cash Flow | -494.74M | 11.02B | 13.10B | 6.90B | 7.42B | 7.55B |
| Investing Cash Flow | -4.86B | -5.08B | -7.46B | -3.73B | -4.73B | -3.34B |
| Financing Cash Flow | -4.86B | -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 |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$61.13B | 9.67 | 8.58% | 3.59% | 2.58% | 7.10% | |
68 Neutral | HK$2.28B | 6.71 | 8.78% | 3.59% | 10.16% | 49.48% | |
66 Neutral | HK$1.11B | 16.15 | 2.87% | 2.83% | -59.96% | -83.53% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
48 Neutral | HK$332.50M | -0.92 | -11.09% | ― | -2.11% | -779.00% | |
48 Neutral | HK$11.96B | -468.71 | -1.68% | ― | 4.66% | -432.65% | |
42 Neutral | HK$5.46B | -29.64 | -20.65% | ― | 17.21% | 59.09% |
China Oilfield Services Corporate Events
China Oilfield Services has invested a total of RMB3.0 billion of its self-owned funds in multiple wealth management products offered by Bank of China branches in December 2025, including two new structured deposit products worth RMB1.0 billion agreed with BOC Yanjiao Branch on 29 December. The series of transactions, which also include RMB2.0 billion of products purchased earlier in the month from BOC’s Yanjiao and Tianjin Haiyang branches, have been classified as discloseable transactions under Hong Kong Listing Rules because the aggregated size exceeds certain percentage thresholds, triggering disclosure and announcement requirements but not shareholder approval, underscoring the company’s active treasury management and use of surplus cash to seek additional yield within regulatory limits.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has published an updated list of its board of directors and their respective roles on the main board and key board committees, including the audit, nomination, and remuneration and assessment committees. The announcement clarifies the current governance structure, naming chairman Zhao Shunqiang and detailing committee chairmanships and memberships among independent non-executive and non-executive directors, thereby reinforcing transparency in the company’s oversight framework for shareholders and other stakeholders.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has formalised detailed terms of reference for its Board Audit Committee, aligning its governance structure with Chinese company law, stock exchange listing rules in Shanghai and Hong Kong, and its own Articles of Association. The committee, composed solely of three independent directors including at least one accounting professional, will exercise the powers traditionally held by a Supervisory Committee, oversee accounting policies and financial reporting, review internal controls, and lead the selection, engagement and dismissal of external auditors and senior financial officers, signalling a tightening of oversight that is likely to strengthen internal governance, transparency and investor confidence.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has formalised the terms of reference for its Board Nomination Committee, establishing a professional body responsible for recommending candidates, selection criteria and procedures for directors and senior management positions, including the CEO, president, CFO, vice presidents and the board secretary. The committee will comprise at least three directors, with a majority being independent non-executive directors, and its chairman must also be an independent non-executive director, reflecting heightened emphasis on independence and governance. By detailing membership nomination, tenure, resignation procedures and the committee’s authority to shape the size, skills mix and professional structure of the board, the company aims to standardise appointments and strengthen board composition and corporate governance in line with regulatory requirements in Shanghai and Hong Kong, which may bolster investor confidence and oversight over key leadership appointments.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has formalised detailed terms of reference for its Board Remuneration and Assessment Committee to strengthen the appraisal and pay management system for directors and senior management. The committee, positioned as a specialised governance body under the board, is responsible for setting evaluation standards, conducting performance assessments and formulating remuneration policies and plans for key executives, with a majority of its four members required to be independent non-executive directors and chaired by an independent director. The document also clarifies appointment procedures, tenure rules and succession arrangements for committee members, and establishes a dedicated working group to provide operational data, prepare meetings and implement committee resolutions, signalling an effort to enhance transparency, accountability and corporate governance practices for stakeholders.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has appointed independent non-executive director Ms. Chiu Lai Kuen, Susanna as a member of its nomination committee, effective 19 December 2025, expanding the committee to four members. The board states that the move brings the committee into full compliance with Hong Kong’s corporate governance requirements and is expected to improve committee diversity and further strengthen the company’s overall governance framework, signaling continued attention to board composition and oversight for stakeholders.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited announced the resignation of Mr. Xiao Jia as an executive director due to changes in the corporate governance structure, effective December 10, 2025. Mr. Xiao Jia has been appointed as an employee representative director for a term of three years, following his election at the company’s employee representative congress. This change aligns with the company’s revised Articles of Association, which now require an employee representative director on the board. Mr. Xiao will not receive additional remuneration for this role, and his compensation will be based on his other positions within the company.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited held its First Extraordinary General Meeting on December 2, 2025, where all proposed resolutions were passed. Key decisions included amendments to the Articles of Association and the cancellation of the Supervisory Committee, reflecting the company’s strategic adjustments to enhance governance and operational efficiency.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced its 2025 first extraordinary general meeting to be held on December 2, 2025. Key resolutions include approving continuing connected transactions, amendments to procedural rules, and the cancellation of the Supervisory Committee. These changes aim to streamline governance and improve operational efficiency, potentially impacting the company’s strategic direction and stakeholder engagement.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited announced its unaudited financial results for the third quarter of 2025, reporting a significant increase in profitability. The company’s net profit attributable to shareholders rose by 46.1% compared to the same period last year, reflecting strong operational performance and improved market conditions. Despite a decrease in net cash flows from operating activities, the company’s revenue and profit margins have shown positive growth, indicating a robust financial position and potential for future expansion.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services has entered into a new Master Services Framework Agreement with CNOOC, effective from January 1, 2026, continuing their collaboration for three more years. This agreement involves the provision of oilfield services by China Oilfield Services to CNOOC, while CNOOC will provide machinery leasing, kinetic energy, materials, and other ancillary services. The agreement is subject to approval by independent shareholders and is considered a continuing connected transaction under Hong Kong Listing Rules, reflecting the strategic partnership between the two entities.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced its intention to publish its third-quarter results for 2025 on the Hong Kong Stock Exchange website on October 29, 2025. To provide investors with a deeper understanding of its financial performance and business conditions, the company will hold a results presentation via telephone conference on October 30, 2025, where management will address investor concerns and answer questions.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
China Oilfield Services Limited has announced a board meeting scheduled for October 29, 2025, to consider and potentially approve the company’s third quarterly results for the period ending September 30, 2025. This meeting is crucial as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.