Announcement • Jun 30
CNOOC Energy Technology & Services Limited to Report First Half, 2026 Results on Aug 26, 2026 CNOOC Energy Technology & Services Limited announced that they will report first half, 2026 results on Aug 26, 2026 Announcement • May 20
CNOOC Energy Technology & Services Limited, Annual General Meeting, Jun 09, 2026 CNOOC Energy Technology & Services Limited, Annual General Meeting, Jun 09, 2026, at 14:30 China Standard Time. Location: No. 8, Guangshun South Avenue, Chaoyang District, Beijing China Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.063 (vs CN¥0.058 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.063 (up from CN¥0.058 in 1Q 2025). Revenue: CN¥9.75b (down 3.2% from 1Q 2025). Net income: CN¥637.4m (up 7.3% from 1Q 2025). Profit margin: 6.5% (up from 5.9% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
CNOOC Energy Technology & Services Limited to Report Q1, 2026 Results on Apr 29, 2026 CNOOC Energy Technology & Services Limited announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.38 (up from CN¥0.36 in FY 2024). Revenue: CN¥50.4b (down 4.1% from FY 2024). Net income: CN¥3.88b (up 6.2% from FY 2024). Profit margin: 7.7% (up from 7.0% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 6.8%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.04, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 30x in the Energy Services industry in China. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.89, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Energy Services industry in China. Total returns to shareholders of 65% over the past three years. Announcement • Dec 26
CNOOC Energy Technology & Services Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 CNOOC Energy Technology & Services Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.11 in 3Q 2024). Revenue: CN¥11.4b (down 5.7% from 3Q 2024). Net income: CN¥1.02b (down 4.5% from 3Q 2024). Profit margin: 9.0% (up from 8.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
CNOOC Energy Technology & Services Limited to Report Q3, 2025 Results on Oct 22, 2025 CNOOC Energy Technology & Services Limited announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.11 in 2Q 2024). Revenue: CN¥12.5b (flat on 2Q 2024). Net income: CN¥1.24b (up 11% from 2Q 2024). Profit margin: 9.9% (in line with 2Q 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
CNOOC Energy Technology & Services Limited to Report First Half, 2025 Results on Aug 20, 2025 CNOOC Energy Technology & Services Limited announced that they will report first half, 2025 results on Aug 20, 2025 Announcement • May 19
CNOOC Energy Technology & Services Limited, Annual General Meeting, Jun 09, 2025 CNOOC Energy Technology & Services Limited, Annual General Meeting, Jun 09, 2025, at 14:30 China Standard Time. Location: No. 8, Guangshun South Avenue, Chaoyang District, Beijing China Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.30 in FY 2023) Full year 2024 results: EPS: CN¥0.36 (up from CN¥0.30 in FY 2023). Revenue: CN¥52.5b (up 6.5% from FY 2023). Net income: CN¥3.66b (up 19% from FY 2023). Profit margin: 7.0% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
CNOOC Energy Technology & Services Limited to Report Q1, 2025 Results on Apr 30, 2025 CNOOC Energy Technology & Services Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
CNOOC Energy Technology & Services Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 CNOOC Energy Technology & Services Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.079 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.079 in 3Q 2023). Revenue: CN¥12.0b (up 10% from 3Q 2023). Net income: CN¥1.07b (up 33% from 3Q 2023). Profit margin: 8.9% (up from 7.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
CNOOC Energy Technology & Services Limited to Report Q3, 2024 Results on Oct 29, 2024 CNOOC Energy Technology & Services Limited announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.54, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Energy Services industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.85 per share. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.37, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Energy Services industry in China. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.67 per share. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.091 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.091 in 2Q 2023). Revenue: CN¥12.4b (up 12% from 2Q 2023). Net income: CN¥1.12b (up 21% from 2Q 2023). Profit margin: 9.0% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
CNOOC Energy Technology & Services Limited to Report First Half, 2024 Results on Aug 27, 2024 CNOOC Energy Technology & Services Limited announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • May 17
CNOOC Energy Technology & Services Limited, Annual General Meeting, Jun 05, 2024 CNOOC Energy Technology & Services Limited, Annual General Meeting, Jun 05, 2024, at 09:30 China Standard Time. Location: No. 8, Guangshun South Avenue, Chaoyang District, Beijing China Reported Earnings • Apr 18
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.30 (up from CN¥0.24 in FY 2022). Revenue: CN¥49.3b (up 3.2% from FY 2022). Net income: CN¥3.08b (up 28% from FY 2022). Profit margin: 6.2% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 17
Consensus revenue estimates decrease by 12%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥62.3b to CN¥55.0b. EPS estimate increased from CN¥0.31 to CN¥0.343 per share. Net income forecast to grow 22% next year vs 28% growth forecast for Energy Services industry in China. Consensus price target up from CN¥4.09 to CN¥4.50. Share price rose 13% to CN¥4.20 over the past week. Announcement • Mar 29
CNOOC Energy Technology & Services Limited to Report Q1, 2024 Results on Apr 25, 2024 CNOOC Energy Technology & Services Limited announced that they will report Q1, 2024 results on Apr 25, 2024 Buy Or Sell Opportunity • Feb 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to CN¥2.86. The fair value is estimated to be CN¥3.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buying Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.9%. The fair value is estimated to be CN¥3.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 53% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Announcement • Dec 29
CNOOC Energy Technology & Services Limited to Report Fiscal Year 2023 Results on Apr 16, 2024 CNOOC Energy Technology & Services Limited announced that they will report fiscal year 2023 results on Apr 16, 2024 Board Change • Nov 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Chairman Lei Zhu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.079 (vs CN¥0.079 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.079 (in line with 3Q 2022). Revenue: CN¥10.9b (down 1.4% from 3Q 2022). Net income: CN¥808.1m (flat on 3Q 2022). Profit margin: 7.4% (up from 7.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.091 (vs CN¥0.072 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.091 (up from CN¥0.072 in 2Q 2022). Revenue: CN¥11.1b (down 7.9% from 2Q 2022). Net income: CN¥924.5m (up 26% from 2Q 2022). Profit margin: 8.3% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
CNOOC Energy Technology & Services Limited to Report First Half, 2023 Results on Aug 24, 2023 CNOOC Energy Technology & Services Limited announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Apr 12
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: CN¥0.24 (up from CN¥0.13 in FY 2021). Revenue: CN¥47.8b (up 23% from FY 2021). Net income: CN¥2.42b (up 88% from FY 2021). Profit margin: 5.1% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Board Change • Dec 26
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. Employee Supervisor Jun Wang is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.079 (vs CN¥0.063 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.079 (up from CN¥0.063 in 3Q 2021). Revenue: CN¥11.1b (up 12% from 3Q 2021). Net income: CN¥806.4m (up 26% from 3Q 2021). Profit margin: 7.3% (up from 6.4% in 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 16
Now 21% undervalued Over the last 90 days, the stock is up 3.3%. The fair value is estimated to be CN¥3.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 67% in the next 2 years. Buying Opportunity • Aug 31
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be CN¥3.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 11% in a year. Earnings is forecast to grow by 47% in the next year. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.022 in 1Q 2021). Revenue: CN¥8.20b (up 25% from 1Q 2021). Net income: CN¥300.8m (up 38% from 1Q 2021). Profit margin: 3.7% (up from 3.3% in 1Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 16%, compared to a 21% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target increased to CN¥3.45 Up from CN¥3.13, the current price target is an average from 2 analysts. New target price is 49% above last closing price of CN¥2.31. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.13 last year. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.13 (down from CN¥0.15 in FY 2020). Revenue: CN¥38.7b (up 17% from FY 2020). Net income: CN¥1.28b (down 16% from FY 2020). Profit margin: 3.3% (down from 4.6% in FY 2020). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 22%, compared to a 23% growth forecast for the industry in China. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.063 (vs CN¥0.052 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥9.93b (up 39% from 3Q 2020). Net income: CN¥639.5m (up 22% from 3Q 2020). Profit margin: 6.4% (down from 7.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥3.14, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Energy Services industry in China. Total returns to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.81 per share. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.048 (vs CN¥0.042 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥9.02b (up 21% from 2Q 2020). Net income: CN¥484.1m (up 14% from 2Q 2020). Profit margin: 5.4% (down from 5.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.15 (vs CN¥0.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥33.2b (flat on FY 2019). Net income: CN¥1.52b (up 23% from FY 2019). Profit margin: 4.6% (up from 3.7% in FY 2019). Is New 90 Day High Low • Mar 11
New 90-day high: CN¥2.59 The company is up 4.0% from its price of CN¥2.50 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.16 per share. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥2.29 The company is down 2.0% from its price of CN¥2.34 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.37 per share. Price Target Changed • Nov 09
Price target raised to CN¥3.45 Up from CN¥3.13, the current price target is an average from 2 analysts. The new target price is 44% above the current share price of CN¥2.39. As of last close, the stock is down 14% over the past year. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.42b, up 8.9% from the prior year. Total revenue was CN¥32.5b over the last 12 months, up 1.5% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥2.32 The company is down 10.0% from its price of CN¥2.57 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.21 per share. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥2.34 The company is down 2.0% from its price of CN¥2.40 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.24 per share. Announcement • Jul 09
CNOOC Energy Technology & Services Limited to Report First Half, 2020 Results on Aug 25, 2020 CNOOC Energy Technology & Services Limited announced that they will report first half, 2020 results on Aug 25, 2020