Recently, the first "Confidence in the Future·China’s Timing" Sustainable Value Hong Kong Summit and Selection of Outstanding Cases in the Shanghai, Hong Kong and Shenzhen Capital Markets concluded in Hong Kong, China. China Oilfield Services Limited (“COSL” or the “Company”) won the 2024 “Best Capital Brand Value Award” at the Xinwan Awards for its outstanding performance in capital brand building, investor relations management and sustainable development.
The Summit centered on a forward-looking vision, underpinned by an A+H connectivity strategy, and employed "value interconnection" as a fulcrum to seize opportunities in China amid the global capital wave. The award selection was jointly organized by Shanghai Leading Investment Consulting and Cai Lian Press, with the aim of building a high-quality exchange and cooperation platform between the Hong Kong and Mainland capital markets. The selection included the launch of the Xinwan Award list, with “Xin” implying the endless vitality of capital, and “Wan” affirming the hub status of the Guangdong-Hong Kong-Macao Greater Bay Area. Winning the award thus highlights the Company’s long-term investment value in the capital markets of the two locations.
Deeply cultivating the core business and consolidating the foundation of the capital brand. COSL has always driven industry development through technological innovation, leveraging its self-developed oil and gas exploration and development technologies and digital solutions to continuously provide efficient, low-carbon energy services to domestic and foreign customers. Amid the complex and volatile international environment in 2024, the Company has demonstrated tremendous resilience and achieved steady growth in performance and profitability, with annual revenue of RMB48.3 billion and net profit of RMB3.14 billion. At the same time, it has upheld a prudent dividend policy and distributed a total of RMB2.86 billion in cash dividends over the past three years, effectively safeguarding the rights and interests of investors and creating long-term stable returns for investors.
Multi-dimensional efforts have been made to construct a bridge of trust with investors. In terms of capital market communication, the Company has adhered to the philosophy of “transparency, efficiency, and two-way interaction”. Through regular performance briefings, domestic and overseas performance roadshows, and online and offline investor receptions, it has established a direct dialogue platform with global investors. In 2024, the Company engaged in nearly 2,000 communication and exchange activities with the capital market and achieved a 100% timely response rate to investor inquiries. In addition, the Company has published bilingual ESG reports in both Chinese and English for many years, detailing environmental governance, safe production and community contributions. Under the guidance of the “dual carbon” goal, it has deeply integrated ESG concepts into its business development to ensure operational compliance and long-term value creation.
Looking ahead, COSL will seize opportunities from the global energy transition, promote the integration of technological innovation and green practices, accelerate the construction of a world-class energy services provider with Chinese characteristics, and achieve mutual success with customers, employees, partners and shareholders.
