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Updated 1d ago
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Offshore Oil Engineering Co.,LtdSHSE:600583 Stock Report

Market Cap CN¥26.5b
Updated 1d ago
Share Price
n/a
1Y12.0%
7D-2.6%
1D-2.6%
Portfolio Value
​
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Offshore Oil Engineering Co.,Ltd

SHSE:600583 Stock Report

Market Cap: CN¥26.5b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Offshore Oil EngineeringLtd (600583) Stock Overview

Engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally. More details

600583 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 77.5% below our estimate of its fair value

Earnings are forecast to grow 10.87% per year

Earnings grew by 0.7% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 23.1%

Risk Analysis

Dividend of 32.72% is not well covered by earnings or free cash flows


600583 Community Fair Values

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CN¥
Current Price
CN¥5.996.7% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-452m42b2016201920222025202620282031Revenue CN¥41.7bEarnings CN¥3.1b
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Offshore Oil Engineering Co.,Ltd Competitors

CNOOC Energy Technology & Services

Symbol: SHSE:600968
Market cap: CN¥40.6b

China Petroleum Engineering

Symbol: SHSE:600339
Market cap: CN¥18.6b

Zhongman Petroleum and Natural Gas GroupLtd

Symbol: SHSE:603619
Market cap: CN¥10.7b

Changzheng Engineering TechnologyLtd

Symbol: SHSE:603698
Market cap: CN¥11.5b

Price History & Performance

Summary of share price highs, lows and changes for Offshore Oil EngineeringLtd
Historical stock prices
Current Share PriceCN¥5.99
52 Week HighCN¥8.72
52 Week LowCN¥4.93
Beta0.52
1 Month Change9.71%
3 Month Change8.91%
1 Year Change11.96%
3 Year Change-8.69%
5 Year Change17.45%
Change since IPO426.85%

Recent News & Updates

Recent updates

Analysis Article • Mar 24

Offshore Oil EngineeringLtd's (SHSE:600583) Profits Appear To Have Quality Issues

The market for Offshore Oil Engineering Co.,Ltd's ( SHSE:600583 ) stock was strong after it released a healthy earnings...
Analysis Article • Mar 19

Earnings Beat: Offshore Oil Engineering Co.,Ltd Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a pretty great week for Offshore Oil Engineering Co.,Ltd ( SHSE:600583 ) shareholders, with its shares...
Analysis Article • Feb 24

Offshore Oil EngineeringLtd (SHSE:600583) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jan 18

Offshore Oil EngineeringLtd (SHSE:600583) Shareholders Will Want The ROCE Trajectory To Continue

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article • Dec 03

Little Excitement Around Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Earnings

When close to half the companies in China have price-to-earnings ratios (or "P/E's") above 37x, you may consider...
Analysis Article • Oct 09

Offshore Oil EngineeringLtd (SHSE:600583) Could Easily Take On More Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Sep 03

Is There An Opportunity With Offshore Oil Engineering Co.,Ltd's (SHSE:600583) 26% Undervaluation?

Key Insights Offshore Oil EngineeringLtd's estimated fair value is CN¥7.13 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Jul 21

Insufficient Growth At Offshore Oil Engineering Co.,Ltd (SHSE:600583) Hampers Share Price

With a price-to-earnings (or "P/E") ratio of 15.2x Offshore Oil Engineering Co.,Ltd ( SHSE:600583 ) may be sending...
Analysis Article • Jul 02

These 4 Measures Indicate That Offshore Oil EngineeringLtd (SHSE:600583) Is Using Debt Safely

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Jun 11

Returns At Offshore Oil EngineeringLtd (SHSE:600583) Are On The Way Up

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article • Mar 25

Offshore Oil EngineeringLtd's (SHSE:600583) Earnings May Just Be The Starting Point

Even though Offshore Oil Engineering Co.,Ltd ( SHSE:600583 ) posted strong earnings, investors appeared to be...
Analysis Article • Mar 20

Earnings Miss: Offshore Oil Engineering Co.,Ltd Missed EPS By 9.9% And Analysts Are Revising Their Forecasts

Offshore Oil Engineering Co.,Ltd ( SHSE:600583 ) just released its latest full-year report and things are not looking...
Analysis Article • Mar 06

Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Offshore Oil Engineering Co.,Ltd ( SHSE:600583 ) shareholders would be excited to see that the share price has had a...

Shareholder Returns

600583CN Energy ServicesCN Market
7D-2.6%-2.6%-1.2%
1Y12.0%32.5%-0.8%

Return vs Industry: 600583 underperformed the CN Energy Services industry which returned 32.5% over the past year.

Return vs Market: 600583 exceeded the CN Market which returned -0.8% over the past year.

Price Volatility

Is 600583's price volatile compared to industry and market?
600583 volatility
600583 Average Weekly Movement4.4%
Energy Services Industry Average Movement7.7%
Market Average Movement7.0%
10% most volatile stocks in CN Market12.0%
10% least volatile stocks in CN Market4.2%

Stable Share Price: 600583 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 600583's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20009,994Lei Pengwww.cnoocengineering.com

Offshore Oil Engineering Co.,Ltd engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally. It engages in the engineering, general contracting business; development of offshore and shallow water oil and gas; providing professional solution for deep water jacket engineering, fabrication, and installation; and underwater production systems and SURF, as well as designs and develops LNG terminals, LNG storage tanks, and natural gas liquefaction plants. The company is also involved in modular construction; designing and procurement to construction and project management; offshore wind power and hydrogen energy business; marine ranching; green energy equipment; providing package engineering solutions for Subsea Production Systems; production separators, test separators, slug flow catchers, production water treatment equipment, pressure vessel skids, natural gas compressor skids, and digital intelligent products.

Offshore Oil Engineering Co.,Ltd Fundamentals Summary

How do Offshore Oil EngineeringLtd's earnings and revenue compare to its market cap?
600583 fundamental statistics
Market capCN¥26.48b
Earnings (TTM)CN¥2.08b
Revenue (TTM)CN¥28.23b
12.7x
P/E Ratio
0.9x
P/S Ratio

Is 600583 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
600583 income statement (TTM)
RevenueCN¥28.23b
Cost of RevenueCN¥24.49b
Gross ProfitCN¥3.74b
Other ExpensesCN¥1.67b
EarningsCN¥2.08b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.47
Gross Margin13.26%
Net Profit Margin7.36%
Debt/Equity Ratio0.8%

How did 600583 perform over the long term?

See historical performance and comparison

Dividends

32.7%
Current Dividend Yield
417%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/12 04:16
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Offshore Oil Engineering Co.,Ltd is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jingru MaBohai Securities Co., Ltd.
Xiaofeng QiuChina International Capital Corporation Limited
Bei Na YanChina International Capital Corporation Limited

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