China Oil And Gas Group (603) investor relations material

Executive summary

• Revenue declined 14.1% year-over-year to HK$15,159 million, with gross profit down 5.6% to HK$2,062 million.

• Net profit attributable to owners was HK$80.7 million, with total comprehensive income for owners at HK$367 million, reversing a loss last year.

• The Group maintained robust operations, expanded its user base, and advanced digital transformation and integrated energy projects.

• No major safety incidents occurred, and management initiatives improved operational efficiency and risk resilience.

Financial highlights

• Revenue: HK$15,159 million (down from HK$17,655 million year-over-year).

• Gross profit: HK$2,062 million (down from HK$2,184 million year-over-year).

• Net profit: HK$624 million (down from HK$701 million year-over-year).

• Earnings per share: 1.6 HK cents (down from 3.5 HK cents year-over-year).

• Net impairment losses: HK$39 million (financial/contract assets), HK$253 million (property, plant, equipment) as one-off items.

Outlook and guidance

• Focus on expanding integrated energy and value-added services, leveraging digital transformation and AI.

• Plans to optimize upstream Canadian oil and gas operations and deepen core gas business in China.

• Aims to build a diversified growth model and enhance risk management and compliance.