Recently, the twenty-third China Top 100 Listed Companies Summit Forum was held in Hangzhou, Zhejiang. China Oilfield Services Limited (“COSL” or the “Company”) won the "2023 China Top 100 Enterprises Award".
China Top 100 Listed Companies Summit Forum, jointly participated by leaders from China's top 100 listed companies, renowned experts and scholars, and senior government officials, is a high-end platform to discuss theme topics regarding China's economic development plans, and is also a unique mechanism and platform for exchanging experiences and enhancing cooperation among enterprises. It has been successfully held for twenty-two consecutive sessions and enjoys high reputation both domestically and internationally. COSL’s winning of the honor as one of China's top 100 enterprises this time represents not only a highly recognition of the Company's development status by the industry and capital market, but also a powerful endorsement of the Company's future prospects.
The Company has solidly promoted the "Five Development Strategies", continuously made new achievements in key areas such as overseas market exploration in the drilling segment, technological innovation in the technology segment, and domestic market improvement. It focuses on strategic management, continuously improves profitability, and seeks new breakthroughs in scale and efficiency growth. In terms of practical actions, it adheres to the innovation driven strategy, seeks new growth points in technological capabilities, builds a complete technology marketing system at a high standard, promotes the transformation and output of scientific research achievements, practices the cost leadership strategy, promotes the extension of lean cost awareness and asset efficiency awareness to the grassroots through measures such as "Four Lists" management, strengthens the layout of overseas marketing networks, and builds the competitive advantages of international development through differentiated market strategies.
In the future, the Company will focus on leveraging its system advantages, improve governance efficiency, work hard together on an ongoing basis, adhere to the core values of win-win benefit with clients, staff, partners and shareholders, and strive to create a new situation for a world first-class energy services provider with Chinese characteristics.
