Commentary on Offshore Oil Engineering (600583): Q1 workload declined slightly, while overseas contract value reached a record high.

Investment Highlights: The company released its 2025 annual report and Q1 2026 report: for the full year of 2025, the company recorded revenue of RMB 27.163 billion (yoy -9.32%); attributable net profit was RMB 2.084 billion (

Shenwan Hongyuan ResearchMay 20 15:02

COOEC (600583): Performance Declines Due to Delivery Impact; New and Backlog Orders Maintain High Growth

The company released its Q1 2026 earnings report, achieving operating revenue of 4.994 billion yuan in the first quarter of 2026, representing a year-on-year decrease of 2.00%; net profit attributable to shareholders amounted to 438 million yuan, marking an 18.9% decline compared to the same period last year.

Changjiang SecuritiesMay 6 13:47

CNOOC Engineering (600583): Installation workload declines, Q1 contract value rises year-on-year.

Performance Review for 1Q26: Results in line with our expectations. The company announced its 1Q26 performance: revenue of RMB 4.99 billion, a year-on-year decrease of 2%; net profit attributable to shareholders of RMB 438 million, a year-on-year decrease of 18.9%, which is in line with our expectations; non-GAAP net profit.

CICCApr 30 18:46

As oil prices approach $111, which sectors of the A-share market are quietly benefiting?

Brent crude oil once again reached $111 per barrel on April 28. Since the outbreak of the Middle East conflict at the end of February and the actual blockade of the Strait of Hormuz until today, this price has remained at a high level for nearly two months. Every time ceasefire negotiations collapse, oil prices experience another round of increases. Each rebound signifies a quiet shift in the profit and loss statements of some companies in the A-share market—some are improving, while others are under pressure. Understanding this transmission chain is more important than comprehending macroeconomic news. How did this round of oil price increase occur? Only by clarifying the structure of this oil price surge can its sustainability be assessed. The direct driving force behind this round of oil price increases is the Hormuz Sea.

businesstimes cnApr 29 14:38

COOEC (600583): Q1 profit declined year-on-year, while newly signed orders increased significantly.

Event: On April 24, 2026, Haiyou Engineering released its Q1 2026 report. In the first quarter of 2026, the company's quarterly operating revenue was RMB 4.994 billion, a year-on-year decrease of 2.00% and a quarter-on-quarter decrease of 47%.

Cinda SecuritiesApr 27 19:16

Offshore Oil Engineering's Q1 Profit Slides 19%

MT NewswiresApr 27 18:08