According to Zhitong Finance App, Anton Oilfield Services (03337) announced the annual results for the year ended December 31, 2023. The group achieved total revenue of 4.435 billion yuan (RMB, same below) during the period, an increase of 26.17%; profit attributable to shareholders was 197 million yuan, a decrease of 33.12% year on year; basic profit per share was 0.0675 yuan; and a final dividend of 0.013 yuan per share was proposed.
The announcement stated that during the year, the group achieved rapid business recovery and performance growth. On the market side, the Group continues to focus on developing emerging markets for global oil and gas, and continues to expand its business through differentiated competitive advantages. In 2023, the Group's overseas market business grew by 667 million yuan, or 33.0%, accounting for 60.6% of the Group's revenue. In the Chinese market, the Group continues to focus on reservoir geology technology, use technological innovation to help customers achieve development efficiency, drive growth with asset-light technical services, and achieve rapid recovery after the pandemic. China's revenue increased 16.9% compared to 2022.
In terms of products and services, the Group has further accelerated industrial transformation and innovative business development, and formed new business forms of precise engineering technology, independent innovative service brands, and e-commerce. Among them, innovative businesses such as oilfield management, testing, and asset leasing solutions account for more than 50% of revenue. Meanwhile, the Group's online platform - Antong Oil and Gas Mall, Oil and Gas Island, Shitong Multimedia, and Self-Media for Petroleum Students, etc. have formed a large ecosystem, and the online business is fully developed. Facing the rapid development of global digitalization and artificial intelligence technology, the Group also continued to accelerate digital and intelligent transformation, and focused on researching and launching a series of artificial intelligence solutions for the oil and gas industry during the year. The Group's business transformation will help the Group achieve continuous large-scale development and further enhance the quality of business growth in the future.
The Iraqi market is currently the mature market that accounts for the Group's largest share of overseas revenue. The Group has been deeply involved in the Iraqi market for more than 15 years and has established strong international and integrated service capabilities. In addition to traditional superior technical services, the Group's oilfield management business in the Iraqi market has become an asset-light, innovative business model that the company has focused on developing in recent years, and has continued to achieve rapid growth.
In 2023, the Group received additional orders of about 2,541 billion yuan in the Iraqi market, an increase of 82.1% over 2022; in 2023, the Iraqi market obtained revenue of about 2,211 billion yuan, up about 43.9% from 1,536 billion yuan last year.