Offshore Oil Engineering: Net profit in the first quarter was 475 million yuan, a year-on-year increase of 5.96%

On the evening of April 24, Offshore Oil Engineering (600583) released its first quarter report for 2024. During the reporting period, the company achieved operating income of 5.672 billion yuan; net profit attributable to shareholders of listed companies was 475 million yuan, a year-on-year increase of 5.96%, and profitability reached a new high.

On the evening of April 24, Offshore Oil Engineering (600583) released its first quarter report for 2024.
During the reporting period, the company achieved operating income of 5.672 billion yuan; net profit attributable to shareholders of listed companies was 475 million yuan, a year-on-year increase of 5.96%, and profitability reached a new high.
During the reporting period, the company adhered to strategic guidance and continuously improved its core competitiveness.
Market development has grown steadily, the workload is full, management efficiency has improved, the capital structure is stable, and funds are sufficient.
During the reporting period, benefiting from the high oil price environment and stable growth in market development, the company signed new contracts of 6.517 billion yuan, a year-on-year increase of 11%.
Among them, domestic orders were 6.110 billion yuan and overseas orders were 407 million yuan.
As of the end of the reporting period, the company\’s total orders on hand were approximately 40.5 billion yuan, providing strong support for the company\’s sustainable business development.
During the reporting period, the company actively promoted the construction of domestic and foreign oil and gas projects. In the first quarter, it operated a total of 63 projects above designated size and achieved an onshore processing volume of 136,000 tons, setting a new record high.
Asia\’s first deepwater jacket \”Haiji No. 2\”, which was general contracted by the company, was successfully slid into the water and accurately positioned, breaking many Asian records such as operating water depth, height, weight, etc., marking the key technology of my country\’s complete set of deepwater ultra-large jackets and installation capabilities have reached world-class levels; Asia\’s first cylindrical \”offshore oil and gas processing plant\” – the \”Offshore Oil 122\” floating production, storage and offloading unit was successfully launched and undocking, laying a solid foundation for the project to be delivered on schedule; Deepsea One The \”Phase II comprehensive processing platform\” has been installed offshore, marking the successful completion of the first four-star Lianzhu offshore natural gas field production cluster in my country\’s southern waters; my country\’s first Saudi Aramco offshore oil and gas independent general contracting project – the first batch of 6 units of the Saudi CRPO122 project The jacket was shipped at the Qingdao site and officially entered the maritime transportation and installation stage; the Dongfang Fudao distributed photovoltaic project officially started construction, and the company\’s clean energy business expanded into new areas.
(Source of the article: China Securities Journal·China Securities Network)

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