Sinopec Oilfield Equipment Corporation (000852.SZ) released the performance forecast for the first half of 2024, with a net profit attributable to shareholders of the listed company of 65 million yuan to 70 million yuan, an increase of 0.04% to 7.73% compared to the same period last year; the net profit after deducting non-recurring gains and losses is 45 million yuan to 50 million yuan, a decrease of 10.39% to 19.35% compared to the same period last year; and the basic earnings per share are 0.0680 yuan/share to 0.0732 yuan/share.

The company seized opportunities such as domestic ultra-deep oil and gas development and the digital upgrade of oil and gas equipment, continuously optimized its product structure, actively expanded its market and increased orders, ensured production and delivery, achieved high base growth in oil and gas equipment product revenue and continued to increase service revenue; at the same time, the company strengthened cost control and efficiency improvement, and further improved its efficiency. Affected by the overall slowdown in the construction speed of domestic oil and gas trunk pipelines, the company's oil and gas steel pipe revenue decreased year-on-year.