China Oilfield Services Limited Class A

China Oilfield Services Limited Class A

0.97
USD
+0.07
(+7.42%)
0.10EPS
9.44P/E
8.20BMarket Cap
Oct 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.15
3.59
2.57
1.61
1.87
2.33
3.32
3.08
3.11
3.8
4.7
5.14
5.35
8.73
Basic EPS, GAAP
0.76
0.8
0.12
-1.22
- -
0.01
0.27
0.29
0.03
0.25
0.32
0.33
0.41
0.63
Free Cash Flow per Basic Share
- -
0.03
0.07
0.06
0.25
0.18
0.42
0.36
0.39
0.29
0.39
0.53
0.58
- -
Dividend per Share
0.23
0.28
0.31
0.13
0.14
0.14
0.15
0.18
0.17
0.18
0.2
0.18
0.18
0.53
Book Value per Share
4.21
5.03
4.98
3.75
3.68
3.68
3.91
4.1
4.05
4.2
4.43
4.66
4.96
5.04
Tangible Book Value per Share
3.7
4.55
4.57
3.7
3.63
3.63
3.85
4.04
3.99
4.12
4.37
4.6
4.9
4.98
Basic Weighted Avg Shares
8,870
9,391
9,188
9,390
9,352
9,414
9,390
9,390
9,395
9,390
9,390
9,390
9,390
5,927
Sales/Revenue/Turnover
27,958
33,720
23,654
15,152
17,516
21,946
31,135
28,959
29,203
35,659
44,109
48,302
50,282
51,739
Operating Margin (%)
26.97
26.03
13.66
-18.48
8
5.02
14.05
18.64
11.33
7.82
11.14
10.72
12.44
12.31
Depreciation Expense
3,109
3,504
3,839
4,034
4,100
3,878
4,575
4,185
4,000
4,171
4,541
5,131
5,698
- -
Net Income, GAAP
6,716
7,492
1,074
-11,456
43
71
2,502
2,703
313
2,359
3,013
3,137
3,842
3,718
Effective Tax Rate (%)
10.55
11.76
20.6
- -
76.36
87.45
27.19
19.55
70.44
16.18
22.63
27.17
20.61
22.11
Profit Margin (%)
24.02
22.22
4.54
-75.61
0.24
0.32
8.04
9.33
1.07
6.61
6.83
6.49
7.64
7.19
Working Capital
9,047
9,441
6,343
4,836
7,755
4,251
3,201
9,447
3,273
6,818
6,905
-937
1,679
8,112
LT Debt
27,027
23,320
23,873
27,337
25,905
22,946
18,677
20,013
12,729
14,957
15,731
7,573
6,726
10,603
Total Equity
37,260
47,322
46,829
35,296
34,682
34,672
36,910
38,689
38,216
39,976
42,256
44,425
47,151
47,999
Return on Invested Capital (%)
9.85
10.33
1.24
- -
0.08
0.13
4.05
4.14
0.43
4.21
5.42
5.77
6.86
6.01
Return on Capital (%)
10.88
11.19
2.02
- -
0.4
0.29
5.1
5.34
0.87
4.62
5.54
5.43
6.53
6.18
Return on Common Equity (%)
19.35
17.73
2.28
-27.96
0.12
0.2
7.02
7.19
0.82
6.09
7.44
7.34
8.5
8.08

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10,168
9,050
5,406
LT Borrowings
5,604
9,208
9,202
LT Finance Leases
1,122
1,022
1,401
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,390
9,390
9,390
Market Capitalization
65,223
77,864
55,626

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
31,199
34,689
32,849
Cash, Cash Equivalents & STI
13,080
11,729
6,430
Accounts Receivable, Net
14,956
18,948
21,718
Inventories
2,429
2,833
3,299
Total Current Liabilities
29,519
27,159
24,737
Payables & Accruals
- -
- -
- -
ST Debt
10,168
9,050
5,406
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.52%
4.07%
6.14%
Free Cash Flow
44.27%
12.31%
8.31%
Net Income, GAAP
285.96%
123.81%
22.47%
Sales/Revenue/Turnover
10.01%
12.05%
4.1%
Total Cash Common Dividend
-1.81%
0.81%
0.37%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,148
12,381
11,133
14,640
48,302
2025
10,798
12,523
- -
15,429
50,282
2026
11,296
12,491
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.2
0.09
0.15
0.33
2025
0.09
0.23
- -
0.13
0.41
2026
0.09
0.24
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.29
0.02
0.04
0.18
2025
0.01
0.29
- -
0.02
0.18
2026
0.01
0.34
- -
- -
- -

Company Description

CEO
Jianz Hong Liu
Full Time Employees
15,533
Sector
Industrial services
Industry
Contract drilling
Address
No. 201, Haiyou Street Sanhe HE China 065201
IPO Date
Nov 20, 2002
Business
China Oilfield Services Limited (COSL), a subsidiary of China National Offshore Oil Corporation, provides integrated offshore oilfield services covering exploration, development and production phases; its core offerings span geophysical exploration and engineering survey services including seismic data acquisition via 19 vessels and proprietary equipment such as Haijing and Haimai; drilling services utilizing a fleet of 62 rigs encompassing jack-up, semi-submersible and deepwater operations; oilfield technical services featuring well logging, drilling fluids, directional drilling, cementing, completion, production enhancement and workover; and marine support and transportation services with 240 vessels for towing, anchoring, platform positioning, personnel transport and crude oil logistics. COSL operates primarily in China with significant international presence in Indonesia, Mexico, Norway, the Middle East, Southeast Asia, Australia, West Africa, North Sea and Gulf of Mexico, serving major oil companies across these regions. Founded in 2001 and headquartered in Beijing with key facilities in Sanhe and Yanjiao Economic Development Zone, the company maintains the largest and most diverse offshore oilfield services fleet in Asia, emphasizing technological innovation, QHSE standards and sustainable practices. In recent developments, COSL reports robust 2025 performance with Q3 revenue growth driven by higher drilling rig utilization rates reaching 91.2% in H1, technology segment expansion through industrial chain integration and overseas customer pre-qualifications, marine support achievements including the world's first 100,000-tonne floating platform installation, and geophysical advancements via a new marine equipment technology laboratory; it secures contracts such as well abandonment for Petrobras in Brazil's Campos Basin and ongoing high-rate overseas projects while anticipating significant new contract signings.

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