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COSL Won the Annual Excellent Management Team Award
Time:2023-12-01 Size:[ Large Medium Small ]

Recently, China Oilfield Services Limited (hereinafter referred to as “COSL” or the “Company”) won the award of “Annual Excellent Management Team of Listed Companies in China” for its outstanding performance in the 17th Awards of the Value of Listed Companies in China sponsored by Securities Times under the leadership of the People’s Daily. In this selection, the listed companies were comprehensively evaluated in combination with their economic benefits, profitability, growth, information disclosure quality and other aspects.

The year 2023 is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China, and high-quality development is the primary task of building a socialist modern country in an all-round way. The year 2023 is also a crucial year for global economic recovery, and China’s economy is in an important window of recovery and improvement. In this context, the listed companies in China, including COSL, as the backbone of China’s economy, are constantly improving their self-worth, gathering strength and injecting new kinetic energy into the high-quality development of China’s economy.

With the goal of building a world-class energy service company with China characteristics, the management team of COSL has built a modern corporate governance system, and its lean management ability has been continuously enhanced, its development momentum has been increasingly strong, and its profitability has been continuously improved. The Company has made outstanding achievements in scientific research and development, and the intelligent manufacturing demonstration factory of “XuanJi” system was selected as the intelligent manufacturing demonstration factory of central enterprises in 2023. The Company’s cost control effect was good, the management achievements of “Four Lists” have been continuously consolidated, and the self-management capability of grass-roots operation units has been fully activated, continuously promoting the transformation of grass-roots operation units from production operations to operating management. The Company’s income level continued to improve. At the end of the third quarter, the operating income reached RMB29.507 billion, representing a year-on-year increase of 21.7%, and the net profit reached RMB2.46 billion, representing a year-on-year increase of 16.1%. The Company has made great efforts to improve its standardized governance, capital operation, investor relations management and other aspects, attached great importance to communication with investors, completely, accurately and comprehensively implemented the new development philosophy, and actively conveyed the corporate value.

COSL will continue to focus on the main responsibility and business, enhance its governance efficiency by continuously deepening reform, improve its high-quality development system and mechanism, continuously enhance its comprehensive strength, and make firm progress on the road of high-quality development.