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Sinopec Oilfield Service
(1033)
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Rating:51Neutral
Price Target:
HK$0.66
▲(0.45% Upside)
Action:Reiterated
Date:08/19/26
The score is held back primarily by high balance-sheet leverage (debt-to-equity ~3.4x) and an expensive valuation (P/E ~64). Offsetting factors include improving operating momentum (TTM revenue +22.1%) and stronger cash generation, plus mildly positive short-term technical signals.
Positive Factors
Revenue Recovery
The strong TTM rebound indicates improving service demand and project activity. Sustained revenue growth would support better utilization of rigs, crews and technical assets, providing operating leverage if execution and pricing remain disciplined.
Negative Factors
High Financial Leverage
Elevated leverage reduces financial flexibility and increases sensitivity to weaker utilization, project delays or higher financing costs. In a cyclical oilfield-services industry, debt dependence can constrain investment and make downturn recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The strong TTM rebound indicates improving service demand and project activity. Sustained revenue growth would support better utilization of rigs, crews and technical assets, providing operating leverage if execution and pricing remain disciplined.
Read all positive factors
Sinopec Oilfield Service (1033) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$40.90B
Dividend Yield2.13%
Average Volume (3M)21.93M
Price to Earnings (P/E)64.3
Beta (1Y)0.89
Revenue Growth3.31%
EPS Growth18.03%
CountryHK
Employees60,162
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)0.06
Shares Outstanding5,410,033,700
10 Day Avg. Volume22,663,935
30 Day Avg. Volume21,933,176
Financial Highlights & Ratios
PEG Ratio2.96
Price to Book (P/B)1.28
Price to Sales (P/S)0.15
P/FCF Ratio3.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)HK$89.91B
Sinopec Oilfield Service Business Overview & Revenue Model
Company Description
Sinopec Oilfield Service Corporation delivers a comprehensive suite of engineering and technological services to the petroleum sector. Its diverse operations are structured into six principal divisions: The Geophysics division specializes in both ...
How the Company Makes Money
Sinopec Oilfield Service primarily makes money by providing oilfield and engineering services under service contracts and project-based engagements to oil and gas operators, with a significant portion of business historically coming from Sinopec’s...
Sinopec Oilfield Service Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 99.08B | 80.71B | 81.10B | 79.98B | 73.77B | 69.53B |
| Gross Profit | 8.22B | 6.55B | 6.33B | 5.79B | 5.77B | 5.01B |
| EBITDA | 7.03B | 5.66B | 5.72B | 5.52B | 5.17B | 4.75B |
| Net Income | 1.12B | 658.84M | 631.61M | 589.22M | 475.90M | 179.79M |
Balance Sheet | ||||||
| Total Assets | 77.62B | 77.25B | 77.34B | 75.16B | 71.20B | 64.05B |
| Cash, Cash Equivalents and Short-Term Investments | 6.47B | 5.01B | 3.65B | 2.82B | 1.84B | 2.51B |
| Total Debt | 31.48B | 29.76B | 23.17B | 20.98B | 20.42B | 19.76B |
| Total Liabilities | 67.59B | 67.99B | 68.69B | 67.14B | 63.77B | 57.19B |
| Stockholders Equity | 10.01B | 9.25B | 8.65B | 8.02B | 7.43B | 6.86B |
Cash Flow | ||||||
| Free Cash Flow | 5.39B | 3.88B | -580.52M | 1.42B | 304.87M | 2.87B |
| Operating Cash Flow | 7.71B | 6.65B | 3.10B | 5.58B | 4.20B | 6.21B |
| Investing Cash Flow | -2.35B | -2.53B | -3.46B | -4.06B | -3.95B | -3.25B |
| Financing Cash Flow | -6.27B | -2.84B | 1.04B | -558.23M | -1.05B | -1.95B |
Sinopec Oilfield Service Technical Analysis
Positive
0.66
Price Trends
0.64
Positive
0.68
Positive
0.78
Negative
Market Momentum
0.01
Negative
62.41
Neutral
80.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1033, the sentiment is Positive. The current price of 0.66 is below the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.64, and below the 200-day MA of 0.78, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 62.41 is Neutral, neither overbought nor oversold. The STOCH value of 80.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1033.
Sinopec Oilfield Service Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.88B | 7.34 | 8.59% | 4.60% | 11.66% | 11.67% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$58.49B | 15.70 | 8.30% | 4.12% | 6.80% | 14.80% | |
60 Neutral | HK$440.30M | -1,275.00 | -0.18% | 2.03% | -12.73% | 98.82% | |
51 Neutral | HK$40.90B | 64.35 | 7.04% | 2.13% | 3.31% | 18.03% | |
48 Neutral | HK$441.07M | 5.80 | 2.06% | 1.20% | 12.20% | ― | |
44 Neutral | HK$6.49B | -2,276.47 | -0.56% | 2.15% | 48.39% | 98.65% |
* Energy Sector Average
HK:1033
Sinopec Oilfield Service
0.70
-0.10
-12.03%
HK:3337
Anton Oilfield Services Group
0.93
-0.34
-26.94%
HK:2883
China Oilfield Services
7.85
1.05
15.50%
HK:0568
Shandong Molong Petroleum Machinery
4.87
0.72
17.35%
HK:1623
Hilong Holding Ltd.
0.25
0.08
48.81%
HK:2178
Petro-king Oilfield Services Ltd.
0.26
0.19
264.29%
Sinopec Oilfield Service Corporate Events
Sinopec Oilfield Service boosts cash flow and equity in steady first-half 2026
Aug 17, 2026
Sinopec Oilfield Service Corporation reported stable interim results for the six months ended 30 June 2026, with total assets edging up 0.5% to RMB 77.63 billion and total liabilities dipping 0.6% to RMB 67.60 billion, lifting equity attributable ...
Sinopec Oilfield Service Restructures Guarantees as It Takes Full Control of Mexico EBANO Operator
Aug 17, 2026
Sinopec Oilfield Service is restructuring its guarantee framework as it moves to take full control of Mexico DS Company, the operator of the EBANO oilfield project. Its subsidiaries IPSC and IPSC Mexico will acquire the remaining 50% stake in the ...
Sinopec Oilfield Service Tightens Audit Committee Governance Framework
Aug 17, 2026
Sinopec Oilfield Service Corporation has updated the terms of reference for its board-level Audit Committee, refining its composition, responsibilities, and procedures in line with Chinese company law and corporate governance codes, as well as lis...
Sinopec Oilfield Service Refines Nomination Committee Structure to Bolster Governance
Aug 17, 2026
Sinopec Oilfield Service Corporation has updated the terms of reference for its Nomination Committee, a specialized body under the board of directors responsible for board member selection and related governance matters. The revised terms clarify ...
Sinopec Oilfield Service Tightens Governance Over Board Remuneration
Aug 17, 2026
Sinopec Oilfield Service Corporation has updated the terms of reference for its board-level Remuneration Committee, aligning the committee’s structure, responsibilities, and procedures with Chinese corporate law and the listing rules of the ...
Sinopec Oilfield Service Sets August Board Meeting to Approve Interim Results
Aug 3, 2026
Sinopec Oilfield Service Corporation has scheduled a board meeting for 17 August 2026 to review and approve the unaudited interim results for the first half of 2026. The board will also consider the publication of these results and address any oth...
Sinopec Oilfield Service Raises RMB1 Billion in Sci-Tech Innovation Bond Issue
Jul 13, 2026
Sinopec Oilfield Service Corporation has completed a public issuance of its 2026 Sci-Tech Innovation Corporate Bonds (first tranche) to professional investors, raising RMB1 billion at a fixed annual interest rate of 1.54% for a three-year term. Th...
Sinopec Oilfield Service Wins RMB1.77 Billion Natural Gas Pipeline Contract
Jul 7, 2026
Sinopec Oilfield Service Corporation has disclosed that its wholly owned unit, Sinopec Oil Engineering and Construction Corporation, has won the bid for Section I of the general contracting work on the Heihe–Daqing and Daqing–Changling...
Sinopec Oilfield Service Clarifies Board Attendance at Key Shareholder Meetings
May 26, 2026
Sinopec Oilfield Service issued a supplemental announcement clarifying attendance at its 2025 annual general meeting and separate 2026 A and H shareholders meetings. The company confirmed that Chairman Wu Baizhi, director Zhang Jiankuo, three inde...
Sinopec Oilfield Service Wins Strong Shareholder Backing at 2025 AGM and 2026 Shareholder Meetings
May 22, 2026
Sinopec Oilfield Service reported that its 2025 annual general meeting, together with the first A-share and first H-share shareholders meetings for 2026, were held in Beijing on 22 May 2026 with substantial shareholder participation and online vot...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.