China Oilfield Services Class H ( (CHOLF) ) has released its Q1 earnings. Here is a breakdown of the information China Oilfield Services Class H presented to its investors.
China Oilfield Services Limited, a major player in the oilfield services industry, specializes in providing comprehensive services such as drilling, well services, and marine support to the oil and gas sector. The company is known for its extensive integration across the industrial chain and its focus on technological advancements.
In its first-quarter report for 2025, China Oilfield Services Limited reported a solid financial performance with a notable increase in revenue and net profit. The company achieved a revenue of RMB 10,797.5 million, marking a 6.4% increase compared to the same period last year. Net profit attributable to shareholders saw a significant rise of 39.6%, reaching RMB 887.2 million.
Key financial metrics highlight the company’s robust performance, with basic earnings per share increasing by 46.2% to RMB 0.19. The company also reported a 46.4% rise in net profit excluding non-recurring gains or losses. Despite a net cash outflow from operating activities, the company demonstrated strong operational capabilities with increased utilization rates for its drilling rigs and marine support services.
The company’s strategic focus on enhancing international operations and optimizing resource allocation has contributed to its improved financial results. The integration of intelligent equipment and low-carbon technology has strengthened its market position, leading to a stable improvement in operating results.
Looking ahead, China Oilfield Services Limited remains committed to expanding its market presence and leveraging its technological advancements to drive growth. The management’s focus on customer-centric services and value creation is expected to support the company’s continued success in the evolving global oil and gas landscape.