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    Energy

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    Oil & Gas Equipment & Services
Offshore Oil Engineering Co.,Ltd

Offshore Oil Engineering Co.,Ltd

600583.SS
Offshore Oil Engineering Co.,LtdCN flagShanghai Stock Exchange
5.19
CNY
+0.03
- -
22.95BMarket Cap
Offshore Oil Engineering Co.,Ltd
600583.SS
(Shanghai Stock Exchange)

Recent

price

5.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.69
2.04
3.21
5.11
5.01
3.66
2.74
2.3
2.77
5.27
3.93
4.28
6.64
7.02
6.79
6.12
4.73
Revenue per Share
0.02
0.05
0.22
0.69
0.97
0.77
0.3
0.11
0.02
0.01
0.08
0.08
0.33
0.37
0.49
0.47
0.34
Basic EPS, GAAP
-0.56
0.34
0.11
0.47
0.49
0.41
0.62
-0.25
-0.13
-0.14
0.3
0.41
0.64
0.98
0.66
0.57
-0.2
Free Cash Flow per Basic Share
0.04
0.06
0.08
0.07
0.13
0.25
0.27
0.11
0.06
0.08
0.06
0.07
0.08
0.1
0.15
0.2
0.2
Dividend per Share
1.69
2.02
2.08
2.76
3.3
3.76
3.84
3.76
4.14
5.82
3.59
3.53
3.92
4.2
4.46
4.44
4.78
Book Value per Share
1.86
2.29
2.15
3.69
4.26
4.78
5.09
5
5.45
7.71
4.74
4.69
5.3
5.6
5.92
5.97
6.13
Tangible Book Value per Share
4,217
3,619
3,855
3,977
4,399
4,429
4,384
4,464
3,989
2,793
4,541
4,622
4,421
4,380
4,411
4,435
4,384
Basic Weighted Avg Shares
7,138
7,385
12,383
20,339
22,031
16,202
11,992
10,253
11,052
14,710
17,863
19,795
29,358
30,752
29,954
27,163
20,718
Sales/Revenue/Turnover
4.96
8.14
9.98
15.25
22.83
21.79
7.05
12.16
1.19
4.76
3.56
5.04
3.49
5.57
7.38
8.11
8.34
Operating Margin (%)
740
743
905
980
1,096
1,275
1,055
971
1,015
1,011
977
1,056
1,095
1,334
1,441
1,595
- -
Depreciation Expense
84
181
848
2,744
4,267
3,410
1,315
491
80
28
363
370
1,459
1,621
2,161
2,084
1,475
Net Income, GAAP
43.07
33.5
18.29
15.5
16.44
15.01
18.82
21.87
38
86.28
32.24
35.02
17.66
14.73
18.35
16.41
18.48
Effective Tax Rate (%)
1.18
2.45
6.85
13.49
19.37
21.05
10.97
4.79
0.72
0.19
2.03
1.87
4.97
5.27
7.22
7.67
7.12
Profit Margin (%)
2,031
-1,278
-413
3,961
6,271
7,590
7,895
7,290
7,191
8,179
7,212
6,951
9,399
8,941
10,595
12,593
13,036
Working Capital
3,523
1,546
3,125
1,327
1,252
1,197
- -
90
220
220
515
515
174
287
727
616
589
LT Debt
9,088
9,503
10,309
16,593
20,572
22,992
23,168
23,128
22,904
22,669
22,663
22,758
25,681
26,778
28,275
28,614
29,016
Total Equity
1.55
2.96
7.37
15.45
19.69
12.62
2.76
4.01
0.34
0.41
1.82
2.73
3.37
5.44
6.34
6.16
4.6
Return on Invested Capital (%)
1.61
2.6
8.46
22.78
29.42
20.65
7.66
3.09
0.48
0.16
2.17
2.22
7.95
7.94
9.87
9.02
6.42
Return on Capital (%)
1.25
2.51
11.07
28.91
33.46
21.88
7.86
2.92
0.48
0.17
2.23
2.27
8.67
9.08
11.37
10.59
7.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
755
674
LT Borrowings
- -
90
90
LT Finance Leases
- -
526
499
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
4,421
4,421
Market Capitalization
23,886
24,742
28,541

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
31,710
30,891
Cash, Cash Equivalents & STI
- -
16,933
16,349
Accounts Receivable, Net
- -
7,491
6,378
Inventories
- -
700
894
Total Current Liabilities
- -
19,117
17,855
Payables & Accruals
- -
- -
- -
ST Debt
- -
755
674
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.29%
4.86%
1.2%
Free Cash Flow
-52.09%
18.86%
-13.68%
Net Income, GAAP
126.53%
67.44%
-3.56%
Sales/Revenue/Turnover
7.38%
10.39%
-9.32%
Total Cash Common Dividend
5.25%
27.72%
36.72%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,672
7,758
6,997
9,528
29,954
2025
5,096
6,222
- -
9,502
27,163
2026
4,994
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.49
2025
0.12
- -
- -
- -
0.47
2026
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.15
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
- -
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Business
Offshore Oil Engineering Co., Ltd. (600583.SS), a subsidiary controlled by China National Offshore Oil Corporation, serves as China's leading general contractor for offshore oil and gas engineering projects, providing end-to-end engineering, procurement, construction, installation, commissioning, and maintenance services; core offerings encompass offshore oil and gas field development including fixed platforms, jackets, topsides, FPSOs, semi-submersibles, TLPs, and FLNGs; subsea pipelines, cables, risers, and PLEMs up to 1500m water depth; onshore LNG modules, refining, and petrochemical projects; offshore wind power installations; underwater engineering inspection, repair, and ROV operations; high-end skid-mounted equipment manufacturing; and marine energy lifecycle solutions such as platform retrofitting, decommissioning, and quality inspection. Headquartered in Binhai New Area, Tianjin, with major fabrication bases in Qingdao, Zhuhai, and other sites totaling nearly 4 million square meters, plus a fleet of 19 specialized vessels including deep-water pipe-layers and 7500-ton crane vessels, the company operates across the South China Sea, Bohai Sea, East China Sea, and internationally in over 20 countries including Thailand, Qatar, Saudi Arabia, Brunei, and the US Gulf of Mexico, serving clients such as CNOOC, PTTEP, QatarEnergy, Saudi Aramco, Shell, and Petrobras. Founded with over 60 years of development and listed on the Shanghai Stock Exchange in February 2002, Offshore Oil Engineering employs more than 9800 professionals and ranks among the top Asia-Pacific EPCI contractors, with capabilities in ten core technologies like deep-water floating platforms, super-large offshore structures, and modularization, alongside equipment sequences for large-scale lifting, pipe-laying, and deep-water ROVs. Recent developments include securing a landmark USD 800 million long-term EPCI contract in November 2025 from PTTEP for the Bundled Phases 4 project offshore Thailand, involving wellhead platforms, subsea pipelines, and modifications under a 2027-2029 framework; winning a USD 4 billion EPC contract from QatarEnergy in October 2025 for over 60 offshore facilities, 40 subsea pipelines, platform retrofits, and decommissioning; achieving a record mega-deal in the Middle East in September 2025; and expanding into clean energy with onshore LNG and offshore wind projects amid a strategic shift toward internationalization, low-carbon business structures, standardization, digitalization, and full industrialization.