CNOOC Energy Technology & Services Ltd

600968 · SHG · Energy / Oil & Gas Equipment & Services

4.17CNY+0.01 (+0.24%)

Price History

Full chart

Market Stats

Previous Close4.16

Open4.17

Day Range4.15 – 4.24

52-Week Range3.27 – 5.80

Volume35.85M

Market Cap39.85B

P/E (TTM)10.05

Forward P/E0.00

EPS0.39

Dividend Yield3.75%

Beta0.21

50-Day Avg3.93

200-Day Avg4.11

About

CNOOC Energy Technology & Services Limited operates as an offshore and onshore oil and gas production company in China and internationally. The company offers energy technology services, including oilfield engineering technology services, equipment manufacturing and maintenance services, and oil production services; technical services to oil and gas companies, including engineering and technical services, equipment design, manufacturing and operation, maintenance services, and integrated oil and gas field production services; oil field recovery rates; supervision and inspection; oil field operation support; unconventional oil and gas integrated services, and equipment and facilities operation and maintenance integration; and FPSO production and operation. It also provides low-carbon environmental protection and digitalization services, which focuses on the development of technologies and services, such as safety and emergency response, energy conservation and environmental protection, water treatment, green coatings, cold energy utilization, and digitalization, as well as engages in offshore wind power related activities. In addition, the company offers digital technology, green energy, and green product supplies. Further, it provides energy logistics services, including support services for the production process and downstream sectors of the offshore oil industry; logistical support for offshore oil and gas field development through offshore material supply and catering services; assistance services for oil companies in offshore oil and gas transportation through coordination services; and distributes oil and gas by-products through sales services. The company was founded in 2005 and is headquartered in Beijing, China. CNOOC Energy Technology & Services Limited operates as a subsidiary of China National Offshore Oil Corporation.

Company Details

SectorEnergy
IndustryOil & Gas Equipment & Services
CEOMr. Tianyu Zhou
Employees14.44K
HeadquartersCNOOC Building, Beijing, China, 100027, China
Websitehttps://cenertech.cnooc.com.cn

Leadership

Mr. Tianyu ZhouGM & Director · b. 1974
Ms. Xiaojie ZhongChief Financial Officer · b. 1977
Mr. Debin XiaoBoard Secretary & General Counsel · b. 1969
Mr. Wei WangDeputy General Manager · b. 1972
Mr. Changlong LuDeputy General Manager · b. 1980
Mr. Xiao Long HuangDeputy General Manager · b. 1980

Financials

Income Statement

Currency: CNY	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	34.28B	34.57B	27.18B	19.38B	23.70B	28.97B	33.46B	33.21B	38.74B	47.78B	49.31B	52.52B	50.25B
Growth (%)	-	+0.85%	-21.37%	-28.71%	+22.34%	+22.24%	+15.49%	-0.76%	+16.66%	+23.35%	+3.19%	+6.51%	-4.32%
Cost of Revenue	29.31B	29.22B	22.62B	16.45B	20.33B	25.43B	29.42B	28.87B	33.63B	41.80B	42.67B	44.85B	42.37B
Gross Profit	4.96B	5.35B	4.56B	2.92B	3.37B	3.55B	4.04B	4.34B	5.11B	5.99B	6.63B	7.67B	7.87B
Gross Margin	14.48%	15.47%	16.79%	15.08%	14.22%	12.24%	12.08%	13.07%	13.20%	12.53%	13.45%	14.60%	15.67%
Operating Expense	2.53B	2.69B	2.70B	2.08B	1.87B	2.13B	2.32B	2.27B	3.18B	2.99B	2.77B	2.66B	3.29B
Operating Income	2.43B	2.66B	1.86B	843.35M	1.50B	1.41B	1.72B	2.07B	1.93B	3.00B	3.86B	5.01B	4.59B
Operating Margin	7.10%	7.68%	6.86%	4.35%	6.33%	4.87%	5.14%	6.22%	4.99%	6.27%	7.83%	9.54%	9.13%
EBITDA	4.11B	4.13B	3.56B	2.62B	3.36B	2.89B	2.98B	3.24B	3.74B	3.99B	4.85B	6.21B	7.26B
EBITDA Margin	12.00%	11.96%	13.09%	13.55%	14.18%	9.97%	8.91%	9.75%	9.65%	8.34%	9.84%	11.83%	14.45%
Net Income	1.93B	2.13B	1.79B	622.10M	1.18B	1.07B	1.23B	1.52B	1.28B	2.42B	3.08B	3.66B	3.88B
Net Income Margin	5.62%	6.17%	6.57%	3.21%	4.97%	3.68%	3.68%	4.58%	3.31%	5.06%	6.25%	6.96%	7.73%
R&D	455.73M	516.65M	520.16M	511.36M	524.67M	640.48M	804.91M	855.29M	1.04B	1.33B	1.16B	986.08M	1.21B
R&D as % of Total Revenue	1.33%	1.49%	1.91%	2.64%	2.21%	2.21%	2.41%	2.58%	2.69%	2.78%	2.36%	1.88%	2.40%
Interest Expense	143.55M	105.60M	180.04M	250.68M	264.18M	259.62M	213.86M	82.45M	51.94M	81.98M	103.16M	127.37M	115.95M
Interest Expense % of Total Revenue	0.42%	0.31%	0.66%	1.29%	1.11%	0.90%	0.64%	0.25%	0.13%	0.17%	0.21%	0.24%	0.23%

Balance Sheet

Currency: CNY	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	31.88B	35.75B	29.53B	27.43B	26.82B	27.78B	29.70B	32.58B	35.67B	40.67B	44.91B	49.50B	51.49B
Total Liabilities	16.05B	17.57B	15.53B	14.36B	13.60B	13.84B	10.71B	12.40B	14.66B	17.63B	19.60B	21.64B	21.10B
Total Equity	15.33B	17.66B	13.52B	12.59B	12.74B	13.52B	18.48B	19.50B	20.30B	22.33B	24.63B	27.16B	29.58B
Cash	3.15B	2.43B	1.28B	1.61B	1.06B	1.01B	1.60B	3.37B	3.15B	3.74B	8.22B	6.67B	8.61B
Total Debt	4.60B	3.72B	5.84B	6.57B	6.25B	5.43B	1.76B	1.22B	1.28B	2.24B	2.51B	3.84B	4.08B
Net Debt	1.45B	1.29B	4.56B	4.96B	5.19B	4.42B	160.75M	-2.15B	-1.87B	-1.50B	-5.71B	-2.83B	-4.53B

Cash Flow

Currency: CNY	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	1.70B	3.25B	2.85B	2.26B	2.12B	1.61B	2.93B	4.14B	2.63B	3.42B	8.01B	5.55B	5.46B
Investing Cash Flow	-2.31B	-3.57B	-1.86B	-792.08M	-584.86M	-858.42M	-1.58B	-1.40B	-1.50B	-3.11B	-5.63B	-5.34B	202.77M
Financing Cash Flow	582.54M	-390.17M	-2.15B	-1.14B	-2.06B	-811.74M	-767.45M	-943.57M	-1.33B	224.77M	-523.82M	-1.29B	-1.69B
Capital Expenditure	2.35B	3.58B	1.90B	765.59M	480.47M	679.85M	1.07B	554.25M	1.44B	2.27B	2.22B	2.21B	2.10B
Free Cash Flow	-646.14M	-331.39M	952.10M	1.49B	1.64B	925.83M	1.86B	3.59B	1.19B	1.14B	5.52B	3.35B	3.36B
Dividends Paid	192.22M	175.00M	5.02B	1.84B	1.32B	271.73M	10.29M	376.11M	457.43M	559.08M	920.35M	1.18B	1.37B
FCF to OCF	-37.94%	-10.21%	33.39%	66.07%	77.36%	57.66%	63.37%	86.62%	45.23%	33.46%	68.97%	60.29%	61.57%
Dividend Paid to FCF	-29.75%	-52.81%	527.07%	123.46%	80.19%	29.35%	0.55%	10.48%	38.40%	48.91%	16.67%	35.25%	40.83%

Earnings

Report Date	Aug 26, 2019	Oct 28, 2019	Apr 9, 2020	Aug 24, 2020	Oct 28, 2020	Apr 27, 2021	Aug 23, 2021	Oct 27, 2021	Apr 18, 2022	Aug 30, 2022	Oct 25, 2022	Apr 29, 2023
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.06	0.02	0.03	0.04	0.05	0.02	0.05	0.06	-0.01	0.07	0.08	0.04
Surprise	-	-	-	-	-	-	-	-	-	-	-	-
Timing	After-hours	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	-	-	-

Key Statistics & Ratios

Market Cap39.85B

Enterprise Value36.41B

Trailing P/E10.05

Forward P/E0.00

Price / Sales0.78

Price / Book1.31

EPS0.39

Book Value2.93

Revenue (TTM)50.85B

Gross Profit (TTM)8.22B

EBITDA6.15B

Profit Margin7.72%

Operating Margin9.27%

Return on Equity13.72%

Return on Assets5.74%

Shares Outstanding10.17B

Shares Float1.80B

Beta0.21

Dividend Yield3.75%

Dividend Rate0.15

Payout Ratio38.09%

Dividends

20231×

0.09Jul 6, 2023

20221×

0.06Jul 11, 2022

20211×

0.04Jul 9, 2021

20201×

0.04Jul 10, 2020